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A,B,C,D - 1,2,3,4 System

  • #641
  • Sep 30, 2008 10:17am Sep 30, 2008 10:17am
I took long nzdusd today and I am out. It looks like good news for dollar coused my loss. Anyone else in that trade?
Attached Image (click to enlarge)
Click to Enlarge Name: 30-09-08.gif Size: 33 KB
  • #642
  • Sep 30, 2008 10:35am Sep 30, 2008 10:35am
Nope... wasn't in this, was in for the GBPUSD though after I have learnt how to recognise tweezertops from sherm and dra.

But looking at nzdusd it looks like there might be another chance to enter again following the large correction caused by the news.
  • #643
  • Sep 30, 2008 10:44am Sep 30, 2008 10:44am
Quoting xkuba
I took long nzdusd today and I am out. It looks like good news for dollar coused my loss. Anyone else in that trade?
I was long also and am out now.

In the mean time i was short gbpusd...... a winner one

Let's wait for retrace now.
  • #644
  • Sep 30, 2008 10:49am Sep 30, 2008 10:49am
K-fx could you attach your chart of gbpusd? I don't see there any good formation for going short. Thanks.

Dra what do you think about nzdusd? Were you in this trade?

Happy trading to all
  • #645
  • Sep 30, 2008 11:05am Sep 30, 2008 11:05am
Quoting xkuba
K-fx could you attach your chart of gbpusd? I don't see there any good formation for going short. Thanks.
check H1 chart....
  • #646
  • Sep 30, 2008 11:13am Sep 30, 2008 11:13am
Quoting xkuba
K-fx could you attach your chart of gbpusd? I don't see there any good formation for going short. Thanks.

Dra what do you think about nzdusd? Were you in this trade?

Happy trading to all
Yes I was in the NU trade I was also stopped out. It was a good entry. My entry posted below.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 15 KB
  • #647
  • Sep 30, 2008 11:14am Sep 30, 2008 11:14am
Quoting xkuba
K-fx could you attach your chart of gbpusd? I don't see there any good formation for going short. Thanks.
The gbpusd 1H is already posted. #639
  • #648
  • Sep 30, 2008 6:03pm Sep 30, 2008 6:03pm
Quoting Dra
Posted below is a trade we took from the 1H TF on gbpaud, the first chart(4H) showing the test of the up TL so the expectation was a crown formation, then on the 1H we saw those tweezer tops which validates our entry.
i was invited to view this thread by a fellow trader and i must say it is a good one. It compliments Dazfx's thread very well with the incorporation of trendlines to determine the trend.

I'm still on pg.1 of the thread and wish to go thru the whole lot by this weekend.

But i quickly want to know if there's a trading room u guys meet to discuss live setups/trades.

Thanks.
God's Love For You Is Sure Never You Doubt It
  • #649
  • Sep 30, 2008 10:24pm Sep 30, 2008 10:24pm
Quoting D liberators
i was invited to view this thread by a fellow trader and i must say it is a good one. It compliments Dazfx's thread very well with the incorporation of trendlines to determine the trend.

I'm still on pg.1 of the thread and wish to go thru the whole lot by this weekend.

But i quickly want to know if there's a trading room u guys meet to discuss live setups/trades.

Thanks.
Welcome to the thread. Its good that you find it useful. Yes we have a trading room, I will PM you the details.
  • #650
  • Oct 2, 2008 8:04am Oct 2, 2008 8:04am
Posted below are two trades taken this week. Both break the down TL, retest then gives the CF entry. The cadjpy was good for 1:1.5 r/r. The stop of the gbpjpy was 200 pips it moves 200 pips in profit then retrace and stops out.
Overall its been a good week trading even with the uncertainty in the markets.I wont be trading until Monday so until then take care and have a great weekend all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadjpy.gif Size: 16 KB
Click to Enlarge Name: gbpjpy.gif Size: 17 KB
  • #651
  • Oct 2, 2008 1:11pm Oct 2, 2008 1:11pm
Thanks for the insights Dra, when do you usually look at the 1 hr charts for entry? When the price starts approaching the trendline?
  • #652
  • Oct 2, 2008 9:05pm Oct 2, 2008 9:05pm
ending diagonal triangle?

http://2.bp.blogspot.com/_soa35Q8-2N...h/bloggj99.GIF
  • #653
  • Oct 2, 2008 9:16pm Oct 2, 2008 9:16pm
Quoting forex3e
ending diagonal triangle?

http://2.bp.blogspot.com/_soa35Q8-2N...h/bloggj99.GIF
Hi, interesting observation, could you explain that pattern further? I have never come across this pattern to identify the end of a triangle breakout.

Thanks.
  • #654
  • Oct 2, 2008 9:27pm Oct 2, 2008 9:27pm
sure .. here is the link

http://www.thepatternsite.com/EWDiagTriangle.html
  • #655
  • Edited 10:42pm Oct 2, 2008 10:31pm | Edited 10:42pm
I am currently long in this trade...DEMO I am practicing this new thing with the 1 hour chart ...

This is my 4 hour chart....and as we can see this is the righ shoulder

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 20 KB


Also what I based my decesion on was my 1 hour bullish engulfing of the backboard of the trendline...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf1.gif Size: 18 KB


Damion let me get your opinion in my demo trade
  • #656
  • Oct 4, 2008 10:33pm Oct 4, 2008 10:33pm
So interesting and promising. Having gone thru the whole page (sitting up all thru the night) i see this as a golden opportunity to add to knowledge and improve my trading skills.

Wonderful Thread, wonderful people and very wonderful teacher we have in Dra.

My first question on this is that do you use any indicator to buttress your entry ( i can see Stochastic Oscillator and some other indis on most charts posted here).

Secondly, i learn better in a more practical way, so please look at my chart and let me know if am getting things right.

My analysis on this is that

I'll wait to see what price will do at the present point on the 4hr tf,(First chart attached) if price holds at the TL and the next candle gives a further bearish candle as per the rules, i go short.

Though zooming down to the 1hr Tf,(2nd chart) i see that a short trade would have been initiated, thus giving an early entry.

Please let me know if my assumptions are right or wrong.

Thanks for teaching and sharing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj dra 2.gif Size: 17 KB
Click to Enlarge Name: gj dra 1.gif Size: 18 KB
God's Love For You Is Sure Never You Doubt It
  • #657
  • Oct 5, 2008 12:00am Oct 5, 2008 12:00am
Please take a look at this also.

I really want to get a good hang of the system fast enough so i can start setting my 'pakute' too.

Thanks for your help.
Attached Image (click to enlarge)
Click to Enlarge Name: uchf.gif Size: 20 KB
God's Love For You Is Sure Never You Doubt It
  • #658
  • Oct 5, 2008 12:15am Oct 5, 2008 12:15am
Quoting D liberators
So interesting and promising. Having gone thru the whole page (sitting up all thru the night) i see this as a golden opportunity to add to knowledge and improve my trading skills.

Wonderful Thread, wonderful people and very wonderful teacher we have in Dra.

My first question on this is that do you use any indicator to buttress your entry ( i can see Stochastic Oscillator and some other indis on most charts posted here).

Secondly, i learn better in a more practical way, so please look at my chart and let me know if am getting things right.

My analysis on this is that

I'll wait to see what price will do at the present point on the 4hr tf,(First chart attached) if price holds at the TL and the next candle gives a further bearish candle as per the rules, i go short.

Though zooming down to the 1hr Tf,(2nd chart) i see that a short trade would have been initiated, thus giving an early entry.

Please let me know if my assumptions are right or wrong.

Thanks for teaching and sharing.
Hi, I may not be the best person to answer since I am still learning but I would like to shed some light on my understanding so far, perhaps sherm,dra or naijafx could correct me if im wrong.

Trendlines ought to be connected only when there is a Lower Low for a downtrend. I don't have mt4 with me now to show you my chart, will upload later when I get an opportunity.

price has broken upwards through the inner trendline connected to point A on your chart, and bounced off at B, hence I feel you should be looking for a point C off the outer trendline instead...
  • #659
  • Oct 5, 2008 12:19am Oct 5, 2008 12:19am
Quoting D liberators
Please take a look at this also.

I really want to get a good hang of the system fast enough so i can start setting my 'pakute' too.

Thanks for your help.
Likewise, the trendline connecting to 38.2 fib is not valid as there was no lower low formed.
  • #660
  • Oct 6, 2008 3:22am Oct 6, 2008 3:22am
Quoting soyabean
Likewise, the trendline connecting to 38.2 fib is not valid as there was no lower low formed.
Thanks for your correction.
I'll do appreciate if you can pull up a chart, i'll learn and understand better that way.
thanks.
God's Love For You Is Sure Never You Doubt It
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