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Diary of a Mad Surfer

  • #141
  • Jan 20, 2008 2:07pm Jan 20, 2008 2:07pm
Thanks BWR!
Humble Lifetime Member
  • #142
  • Jan 20, 2008 2:09pm Jan 20, 2008 2:09pm
Quoting Ash
Thanks BWR!
Your welcome.
Just Trade It
  • #143
  • Jan 20, 2008 8:32pm Jan 20, 2008 8:32pm
We may have a Long setup on the USD/CAD pair. See attached.

All the lower TFs crossed the 200 EMAs.
Attached Image (click to enlarge)
Click to Enlarge Name: USD_CAD_2R.jpg Size: 72 KB
  • #144
  • Jan 20, 2008 10:57pm Jan 20, 2008 10:57pm
Thanks BWR - have a question.

Can we consider a signal when the 8EMA crosses the 200EMA on the daily chart?
  • #145
  • Jan 21, 2008 3:31am Jan 21, 2008 3:31am
Quoting Timingy
Thanks BWR - have a question.

Can we consider a signal when the 8EMA crosses the 200EMA on the daily chart?
As long as the 8 is above the 13 and 100, then yes. This would be a trade that would last for several weeks or months. so don't expect to be in profit right away. As I said before look for other reasons to get into the trade and by doing that you maximize your timing to put you in profit sooner.
And from all of my back testing doing the 8X200 is a long term trade but you give back way too many pips waiting for the exit signal. the 8 or 13x100 is way better.
Just Trade It
  • #146
  • Jan 21, 2008 10:35am Jan 21, 2008 10:35am
Quoting batman3298
We may have a Long setup on the USD/CAD pair. See attached.

All the lower TFs crossed the 200 EMAs.
i have a stupid question..

when the price breaks the 200 EMA... and the EMAs on 1h and 4h remains the same... so i can assume that the price will be bullies for several days / weeks.. am i correct ?

yet the daily 100 EMA still below the 200 EMA which means it bearish....

so.. if the price does break the 200, is it the very best signal to entry ??? (considering that the higher TF is formed by the lower TF, so we can hope that the 100 will be crossing 200 soon in daily, IMHO)
or.. the best entry actually begins when the 13 crossed (both) 100 and/or 200 in 4h (in this case @ 4 - 7 january 2008) ???

thanks before..
"hope is people denial to reality".
  • #147
  • Jan 21, 2008 10:53am Jan 21, 2008 10:53am
Quoting renaldy84
i have a stupid question..

when the price breaks the 200 EMA... and the EMAs on 1h and 4h remains the same... so i can assume that the price will be bullies for several days / weeks.. am i correct ?

yet the daily 100 EMA still below the 200 EMA which means it bearish....

so.. if the price does break the 200, is it the very best signal to entry ??? (considering that the higher TF is formed by the lower TF, so we can hope that the 100 will be crossing 200 soon in daily, IMHO)
or.. the best entry actually begins when the 13 crossed (both) 100 and/or 200 in 4h (in this case @ 4 - 7 january 2008) ???

thanks before..
Never assume anything, just follow the trend.
USCAD daily are making impulsive waves up so for now the trend is up even though the 100 is below the 200 all of that can change as do trends.

Not really as it likes to retrace or consolidate in that area. But a candle closing on the other side of the 200 is a big deal as (most of the time) it should continue it's direction.
Just Trade It
  • #148
  • Jan 21, 2008 11:32am Jan 21, 2008 11:32am
big thanks, BWR
"hope is people denial to reality".
  • #149
  • Jan 21, 2008 2:08pm Jan 21, 2008 2:08pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
HI All
posted an AudNzd chart from Dailyfx on the Aussie pairs thread, then applied BWR Ma's to a blank chart.
so we missed the 13x100 on 4h chart, but on the daily the 100 is above the 200, 8x13 crossed up. so i think this is a one to watch for a 13x100 daily cross up, not sure.

so am i getting this or am i way off the beaten track, 4x4 in the desert?
  • #150
  • Jan 21, 2008 9:50pm Jan 21, 2008 9:50pm
As I am learning more about the higher time frame trading strategy, I see quite a few potential. Here is another setup on the (Daily) chart that has the 100 EMA crossing the 200 EMA soon. I think this will cause this pair to drop even longer term for more pips.

This pair has already dropped about 600 pips. There may be a bit of retracement coming, due to the " pin bar " shown on 1/21.

With a fib retracement level of 38.2%, it could retrace back up to 1.6234.

See the EUR/CHF chart below..
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_CHF2R.jpg Size: 66 KB
  • #151
  • Jan 22, 2008 3:06am Jan 22, 2008 3:06am
Quoting MPP
HI All
posted an AudNzd chart from Dailyfx on the Aussie pairs thread, then applied BWR Ma's to a blank chart.
so we missed the 13x100 on 4h chart, but on the daily the 100 is above the 200, 8x13 crossed up. so i think this is a one to watch for a 13x100 daily cross up, not sure.

so am i getting this or am i way off the beaten track, 4x4 in the desert?
Your on the right path, with a Land Rover and a GPS.
However AUDNZD just retraced the whole move so wait on this pair to show clear direction first.
Just Trade It
  • #152
  • Jan 22, 2008 3:07am Jan 22, 2008 3:07am
Quoting batman3298
As I am learning more about the higher time frame trading strategy, I see quite a few potential. Here is another setup on the (Daily) chart that has the 100 EMA crossing the 200 EMA soon. I think this will cause this pair to drop even longer term for more pips.

This pair has already dropped about 600 pips. There may be a bit of retracement coming, due to the " pin bar " shown on 1/21.

With a fib retracement level of 38.2%, it could retrace back up to 1.6234.

See the EUR/CHF chart below..
I have been waiting for a retracement to add to my short on this pair.
Just Trade It
  • #153
  • Jan 22, 2008 4:02am Jan 22, 2008 4:02am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Your on the right path, with a Land Rover and a GPS.
However AUDNZD just retraced the whole move so wait on this pair to show clear direction first.
i'm waiting on the 4h 100 and 200 to cross bull and the daily 13 to cross up on the 100, i think this would be the best time to enter as direction will be determined.
  • #154
  • Jan 22, 2008 4:06am Jan 22, 2008 4:06am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
I have been waiting for a retracement to add to my short on this pair.
could you enlighten us on the retracement, this seems to be a good example to work with and very importent to long term trades, are we looking at a 4h 13ma touch or a 100ma touch, or is there something else we should look for?
  • #155
  • Jan 22, 2008 4:30am Jan 22, 2008 4:30am
Quoting MPP
i'm waiting on the 4h 100 and 200 to cross bull and the daily 13 to cross up on the 100, i think this would be the best time to enter as direction will be determined.
Thats what you call a Good Setup.
Just Trade It
  • #156
  • Jan 22, 2008 4:35am Jan 22, 2008 4:35am
Quoting MPP
could you enlighten us on the retracement, this seems to be a good example to work with and very importent to long term trades, are we looking at a 4h 13ma touch or a 100ma touch, or is there something else we should look for?

Here is the EURCHF Weekly. It came close the the 50% Fibo and the 200. This looks like a good spot to consolidate and retrace a little bit here before it (may) go back down.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 23 KB
Just Trade It
  • #157
  • Jan 22, 2008 4:36am Jan 22, 2008 4:36am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Thats what you call a Good Setup.
not sure if thats approval or sarcasm. LOL was missing the

would there be a better option? although possibly not as the risk would be higher.
  • #158
  • Jan 22, 2008 4:42am Jan 22, 2008 4:42am
Quoting Big Wave Rider
Thats what you call a Good Setup.
Sorry, No that is a good setup as you have more bullish conformation And are following the trend instead of predicting the trend. It's better to let wave 1 go by so it lets you know that wave 3 and 5 are coming.
Just Trade It
  • #159
  • Jan 22, 2008 4:43am Jan 22, 2008 4:43am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Here is the EURCHF Weekly. It came close the the 50% Fibo and the 200. This looks like a good spot to consolidate and retrace a little bit here before it (may) go back down.

it's also a long way from the 8ma so the bounce could be all of 150 - 200 pips, how do you handle your SL at times like this.
  • #160
  • Jan 22, 2008 4:52am Jan 22, 2008 4:52am
Quoting MPP
it's also a long way from the 8ma so the bounce could be all of 150 - 200 pips, how do you handle your SL at times like this.
I already have over 400 pips on this one. So giving up another 100 pips is not that much in order to sit out this retracement. By next week hopefully I'll be up 800 pips. But as they say just follow the charts and look for a good opp. to short this pair. ( this opportunity may happen today, tomorrow or friday so just watch and wait)
Just Trade It
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