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  • #90,721
  • Sep 11, 2018 2:26pm Sep 11, 2018 2:26pm
Quoting lddd
{quote} Well i think freedom of speech is a great thing. People who cannot accept counterarguments on a public discussion should not even think about starting one. Insulting people is a different thing. I think there are moderators here, they could feel free to do something against it, or even just trash this thread but i think as long as this thread is generating some traffic and people keep posting here no matter what, this wonīt happen.
shame on u
  • #90,722
  • Sep 11, 2018 3:51pm Sep 11, 2018 3:51pm
Anyone here thinks about going short on UCAD or already in? I scalped it for 20-30 pips 3 times since yesterday on the M15/H1.

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  • #90,723
  • Sep 11, 2018 6:42pm Sep 11, 2018 6:42pm
CHERRIES PICKING today Sep 12,

first thing, when day open is to look for the right trees and those with low hanging fruit,

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second, after this week closing, check those trees again for next week's picking.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,724
  • Sep 11, 2018 7:01pm Sep 11, 2018 7:01pm
GBPCAD Sep 12

would look easy, but you should know the risks trading this pair.

I see the D1 is above its 10EMA, so that is my support for today's trading. Watch for the reaction around there. But first it has to overcome the BRN 1.7000, then next lower is the 1.6950.

The 4H swing traders will have to handle the 50EMA reaction.

M15 now is in consolidation ... I see Master Candle,

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,725
  • Sep 11, 2018 9:09pm Sep 11, 2018 9:09pm
I have a D1 BEEB set up on EURCAD so went short MEME.

Pros for the trade: W1 pin looking bar, making H, L, LH, LL, LL, D1 BEEB, Below 10EMA.
Cons: We have a confluence of support at 1.5154 followed by monthly swing at 1.5131.

Hope to see your comments

Okoso
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  • #90,726
  • Sep 12, 2018 2:20am Sep 12, 2018 2:20am
Those that say chart's are cherry picked, please give the reasons this chart.
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  • #90,727
  • Sep 12, 2018 2:41am Sep 12, 2018 2:41am
Quoting okoso
I have a D1 BEEB set up on EURCAD so went short MEME. Pros for the trade: W1 pin looking bar, making H, L, LH, LL, LL, D1 BEEB, Below 10EMA. Cons: We have a confluence of support at 1.5154 followed by monthly swing at 1.5131. Hope to see your comments Okoso {image}

Very good analysis and trade taken.

Also nice chart pattern on H4 ... double tops at 800EMA,

We shall see how this week will close and learn how the TDI Green line would respond to that price action.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,728
  • Edited 3:48am Sep 12, 2018 3:37am | Edited 3:48am
Tekkies could you do some comments on the following charts to me. Also explain to me why you look at M15 instead of M30 as the quicker TF to H1. In this example M15 TDI cross was a coupled of candles before. I entered on H1 here later because TDI H1 Cross was not confirmed/visible on the H1 at the moment M15 crossed. Also M15 angle was not as good as on H1. So when it comes to the RSI green angle, do you want to see a good angle on H1 or on M15?

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Update: Great, now look at this...

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  • #90,729
  • Sep 12, 2018 3:56am Sep 12, 2018 3:56am
Quoting lddd
Tekkies could you do some comments on the following charts to me. Also explain to me why you look at M15 instead of M30 as the quicker TF to H1. In this example M15 TDI cross was a coupled of candles before. I entered on H1 here later because TDI H1 Cross was not confirmed/visible on the H1 at the moment M15 crossed. Also M15 angle was not as good as on H1. So when it comes to the RSI green angle, do you want to see a good angle on H1 or on M15? {image}{image} Update: Great, now look at this... {image} {image}
Iddd, will do it later. Those sell order from previous post got me real bad. Biting fingernails now.
  • #90,730
  • Sep 12, 2018 4:00am Sep 12, 2018 4:00am
Quoting Tekkies
{quote} Iddd, will do it later. Those sell order from previous post got me real bad. Biting fingernails now.
DE30 H4, Daily bullish. Probably thats the problem. But no idea...
  • #90,731
  • Sep 12, 2018 8:11am Sep 12, 2018 8:11am
Quoting okoso
{quote} Hi Emmanuel, We had a MC breakout buy setup on H4. But I guess this was a case of Green cherry as we had confluence of several resistance WRB Week 34 high, Previous week high and also RN 111.50. Regards, Okoso {image}
As we discussed, the market is sideways trading between the high low of the WRB of Week 34. Now we have a H4 sell setup breaking the low of the H4 WRB after that less than impressive US PPI data which is confirmed by TDI. I see price reversed from confluence of resistances like High of WRB week 34, previous week high, RN 111.50.

Let's see how this trade goes.

Okoso
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  • #90,732
  • Sep 12, 2018 10:12am Sep 12, 2018 10:12am
Quoting okoso
{quote} As we discussed, the market is sideways trading between the high low of the WRB of Week 34. Now we have a H4 sell setup breaking the low of the H4 WRB after that less than impressive US PPI data which is confirmed by TDI. I see price reversed from confluence of resistances like High of WRB week 34, previous week high, RN 111.50. Let's see how this trade goes. Okoso {image}
Please make it more complicate
  • #90,733
  • Sep 12, 2018 10:16am Sep 12, 2018 10:16am
Quoting okoso
{quote} As we discussed, the market is sideways trading between the high low of the WRB of Week 34. Now we have a H4 sell setup breaking the low of the H4 WRB after that less than impressive US PPI data which is confirmed by TDI. I see price reversed from confluence of resistances like High of WRB week 34, previous week high, RN 111.50. Let's see how this trade goes. Okoso {image}
I am short in USD/JPY H4, but donīt have a good feeling on this one. Lets see.

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  • #90,734
  • Sep 12, 2018 10:49am Sep 12, 2018 10:49am
Quoting lddd
{quote} I am short in USD/JPY H4, but donīt have a good feeling on this one. Lets see. {image}
You sold on top of Support.
Angle of green (momentum) can take you into profit. BE when you can.
- Don't entre a trade on bar 3
- Always try and enter a trade at beginning of bar.
Post#49
HA candles average a 3-8 candle run in most cases when it reverses... That's why I want to enter on candle 1 or 2 if I see a set up. A single candle on the 4hr nets you 30-60 pips or more generally. If it goes 3-4 candles you've already made 80-150 pips.
  • #90,735
  • Sep 12, 2018 10:59am Sep 12, 2018 10:59am
Quoting Tekkies
{quote} You sold on top of Support. Angle of green (momentum) can take you into profit. BE when you can.
Hm? I think my sell order on UJ is not on top of support, where exactly do you see support there? For me this is resistance with a bearish TDI cross at a 4 clock angle as well as bars not to small and some good room to the downside to make some decent profit on H4.

I must admit i did not take a look at the Daily Chart or Weekly before entering on this one. Now i see Daily shows a bullish candle but very small, is this a problem at all?

Trade currently running in profit.

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  • #90,736
  • Sep 12, 2018 11:04am Sep 12, 2018 11:04am
Quoting Tekkies
{quote} Don't entre a trade on bar 3 - Always try and enter a trade at beginning of bar. Post#49
Well but the TDI cross was first visible to me on the second bearish candle. Both the first reversal candle where it changed color to red and the following signal candle where TDI crossed also looked very small. I think in this case the entry on candle 3 after it closed was better. A bigger bearish candle obviously giving more confidence for a sell entry as the two candles before, wouldnīt you agree?

By the way this is a good example of what i used to say about the lagging factor earlier. I have my H4 TDI cross alert for the first candle. But guess when the alert came? On the close of the second candle. Also the first candle was not really a cross i think, the green angle just touched the red signal line there.
  • #90,737
  • Sep 12, 2018 11:11am Sep 12, 2018 11:11am
Quoting lddd
Tekkies could you do some comments on the following charts to me. Also explain to me why you look at M15 instead of M30 as the quicker TF to H1. In this example M15 TDI cross was a coupled of candles before. I entered on H1 here later because TDI H1 Cross was not confirmed/visible on the H1 at the moment M15 crossed. Also M15 angle was not as good as on H1. So when it comes to the RSI green angle, do you want to see a good angle on H1 or on M15? {image}{image} Update: Great, now look at this... {image} {image}
Every trade you place has a 50/50 to profit / loss.
This is where money management / risk tolerant and who / what you are as an trader come in.
Big account / small lot size will allow you to stay in that losing trade. Can you handle a BIG draw down?
--- Last chart H1 show already that price might go back into profit.
- Green check mark up
- Price at support
  • #90,738
  • Sep 12, 2018 11:28am Sep 12, 2018 11:28am
Quoting lddd
{quote} Hm? I think my sell order on UJ is not on top of support, where exactly do you see support there? For me this is resistance with a bearish TDI cross at a 4 clock angle as well as bars not to small and some good room to the downside to make some decent profit on H4. I must admit i did not take a look at the Daily Chart or Weekly before entering on this one. Now i see Daily shows a bullish candle but very small, is this a problem at all? Trade currently running in profit. {image}
Not a problem? You don't know that yet. Normally (my case) it becomes one when price change direction on trade entered.
One of many factor's to always keep in mind.
S/R levels can be broken or force a change in trend direction.
You see resistance I see support. (aren't they the same thing? ea Support become resistance and versa vica )
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  • #90,739
  • Edited 11:58am Sep 12, 2018 11:45am | Edited 11:58am
Quoting Tekkies
{quote} Not a problem? You don't know that yet. Normally (my case) it becomes one when price change direction on trade entered. One of many factor's to always keep in mind. S/R levels can be broken or force a change in trend direction. You see resistance I see support. (aren't they the same thing? ea Support become resistance and versa vica ) {image}
Yes, well no matter if you see it as Support or Resistance i traded AWAY from it. The direction SELL or BUY was indicated by the TDI green/red cross here. Stoch confirmed direction. Entry candle not to small, Green Angle 4-6 Clock. So actually i canīt see much i did wrong here according to the rules instead its 3 bars late. But like said most the times, this is late to me. Otherwise i have to watch the charts manually the complete day while trading to get this right on time.
  • #90,740
  • Sep 12, 2018 12:08pm Sep 12, 2018 12:08pm
Quoting Tekkies
{quote} Not a problem? You don't know that yet. Normally (my case) it becomes one when price change direction on trade entered. One of many factor's to always keep in mind. S/R levels can be broken or force a change in trend direction. You see resistance I see support. (aren't they the same thing? ea Support become resistance and versa vica ) {image}
Is there not always Support or Resistance near somewhere... ? So if the rules are saying here not to take trades near of SR you would never be able to enter a position. Also SR is different on every time frame. In this example i am taking a H4 trade so i look for SR on H4, not on Daily or Weekly or not? Same with the MA200. A lot of people say do not BUY if price is below, do not go SHORT if price is above this moving average.

Maybe there is nothing right or wrong in technical analyses as everything can be seen different from trader A to trader B. Only long term success might give a clue whoīs right or not and even then who knows... Ask somebody trading fundamentals you will hear, technical analyse not working at all and itīs the news what markets move and not any chart patterns or lines crossing.
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