More like this tekkies it's a pullback to demand
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- #90,563
- Sep 6, 2018 3:52pm Sep 6, 2018 3:52pm
- | Joined May 2009 | Status: lost in the void | 2,977 Posts
SL Trade EUR/JPY.
- #90,564
- Sep 6, 2018 4:31pm Sep 6, 2018 4:31pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #90,565
- Sep 6, 2018 4:57pm Sep 6, 2018 4:57pm
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #90,567
- Sep 6, 2018 5:27pm Sep 6, 2018 5:27pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Hi Emmanuel, Thanks for sharing your trades and your view on how you manage the trade. I was also able to have few pips and have 1 position still open. Cheers, Okoso {image}
Hi okoso,
AUDJPY Sep 07 update:
As I had 'wished' for, Sep06 D1 did make a lower low and lower CLOSE. But the CLOSE was not lower than last Week's Friday Low and the TDI Green bounces off the Red is less significant.
Today should be sell continuation.
Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #90,568
- Sep 6, 2018 5:47pm Sep 6, 2018 5:47pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
EURJPY Sep06 POMO
Price Action leads the TDI
Price Action leads the TDI
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #90,569
- Sep 6, 2018 6:20pm Sep 6, 2018 6:20pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} MN BEEB and space to fall, W1 BEOB. Your emas look as they should, too. That pin from the week 13-17.08 would have kept me out, but that is not part of my question. I was not referring to Big E's rule of entering on the first or second candle, I was just asking if there is any reason you did not enter one candle earlier, as there was a signal there given by the TDI and 5 ema. The week started on the 3rd, and your entry was on the 4th.
1st,
2nd,
but he did not like to trade the D1, because of .....
3rd,
When I swing trade, I trade when there is an established trend (or a wave). I do not need to enter at the reversal point. I can enter any time in that established trend. Look at the price action - the top of the swing and the previous bar high-low, and know where to pace your initial SL to determine your trade risk R.
What shall I do when there is D1 pullback? I make use of the D1 pull back to build up my positions in the market. (Read Agustin Silvani)
4th,
Entering a reversal on the first HA candle is far too aggressive and risky. If we look for trade opportunities which has a potential of 3 to 8 candles swing, even entering on candles 3,4,5 and 6 can be profitable. And we do not need to follow Big E risking 15% to 30% of his account deposit per trade.
5th,
Trading rules must be written by the trader and tested in live market trading. The trader must test his system rules and fine tune them until he/she has reached consistency in trading results. This takes time, can be from 1 to 5 years, to determine if a system is robust enough and can produce the results that fulfills the traders financial goals. As an independent trader, I do not believe in trading with other people's rules.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #90,570
- Sep 6, 2018 7:26pm Sep 6, 2018 7:26pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
{quote} Hi okoso,I took profit with one AJ position and initiated a new basket. Now waiting for AU to move into my 0.25adr TP region then I do the same. UJ has a few technical resistance above current price action. That Week 34 WRB High-Low is the range I am looking at for potential breakout. Week 35 did not have a higher Close despite it made a higher high-higher low. {image}
Hi okoso.
USDJPY Sep 07 update:
We have a 3-bar swing high reversal setup using that week 34 t W1 WRB High as resistance.
Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #90,571
- Sep 6, 2018 7:45pm Sep 6, 2018 7:45pm
- Joined Nov 2008 | Status: Trader | 50,196 Posts
About leading indicators,
here is one,
it will happen at 12am today New York...
look for UJ bounce around 110.30
here is one,
it will happen at 12am today New York...
look for UJ bounce around 110.30
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #90,575
- Sep 7, 2018 2:12am Sep 7, 2018 2:12am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #90,576
- Sep 7, 2018 2:16am Sep 7, 2018 2:16am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #90,577
- Edited 3:59am Sep 7, 2018 3:30am | Edited 3:59am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #90,579
- Sep 7, 2018 4:01am Sep 7, 2018 4:01am
- | Commercial User | Joined Feb 2015 | 1,380 Posts
Seriously people if you don't like/believe what is posted here why waste your time here ... it is obvious the neither T or E wishes to post a TE and that is their right ... it is not a competition with rules where they are required to do anything.
Don't like it then leave ... go somewhere else or here is a thought ... maybe start your own thread and provide the "holy grail" if there is such a thing ... and show everyone how you have made your first $$$$ ... but I doubt it ... why ... cause it is easier to criticise than to perform ... that a fact
Why take ups non-productive space here ... in the years I was in business there were always the knockers, we called them competition, they had their place we had ours ... they either outlasted us or we outlasted them with our POD ... Points Of Difference ... this business is really no different ... 80% go broke in the first 5 years and 80% go broke in the next five years which brings success down to 4% which from what I have read is the same for FX ... the big difference is that FX is easier to get into ... where capital outlay next to nothing and because of that more people involved so the numbers are higher but the % remains approx the same.
Just like buying something in a shop ... online or not ... don't see what you like move on ... you don't stand outside the shop with placards saying this shop sell !@#$ ... you move on and be mature.
All the best
Don't like it then leave ... go somewhere else or here is a thought ... maybe start your own thread and provide the "holy grail" if there is such a thing ... and show everyone how you have made your first $$$$ ... but I doubt it ... why ... cause it is easier to criticise than to perform ... that a fact
Why take ups non-productive space here ... in the years I was in business there were always the knockers, we called them competition, they had their place we had ours ... they either outlasted us or we outlasted them with our POD ... Points Of Difference ... this business is really no different ... 80% go broke in the first 5 years and 80% go broke in the next five years which brings success down to 4% which from what I have read is the same for FX ... the big difference is that FX is easier to get into ... where capital outlay next to nothing and because of that more people involved so the numbers are higher but the % remains approx the same.
Just like buying something in a shop ... online or not ... don't see what you like move on ... you don't stand outside the shop with placards saying this shop sell !@#$ ... you move on and be mature.
All the best
When you are successful perhaps give a thought to others ... Kiva dot org
- #90,580
- Sep 7, 2018 4:05am Sep 7, 2018 4:05am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
Two trade this morning
