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

  • #1,461
  • Jan 22, 2009 2:09pm Jan 22, 2009 2:09pm
Quoting shandy
Cool, looks like we're gonna get a new channel!! CAD news just helped immensely - 1.3 here we come.....
Argh Taken out - some battle though!! Will leave this pair for now as seems to be very un-decided which way it wants to go.
  • #1,462
  • Jan 23, 2009 3:15am Jan 23, 2009 3:15am
Missed this myself for candle close, did have chance to get in later but passed because of point 3 below but worth posting I thought for discussion etc.

1) Trendline
2) R turned S
3) 50% Fib - not a level used in this system though!! BUT - was also back of the 61.8 Fib level on big swing so another good reason for Support.
4) MS CF
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 4hr.gif Size: 15 KB
  • #1,463
  • Edited 7:27am Jan 23, 2009 5:49am | Edited 7:27am
One spotted by Mike this....

USDCAD 1hr trade.

1) Back of previous up trendline
2) Previous resistance area
3) 50 / 61.8 Fib levels
4) ES CF forming

Target 2500 (bottom trendline)
SL above high of 1.2649

Update - forgot about news just as the candle closed! But allowed us to get in at better price anyway!!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 1hr.gif Size: 18 KB
  • #1,464
  • Jan 23, 2009 9:07am Jan 23, 2009 9:07am
USDJPY 1HR possible entry? Still new to this but looks like if we get a bounce of the Long term TL and get a formation looks like a really good signal? Thanks all
Attached Image (click to enlarge)
Click to Enlarge Name: 1-23 uj.gif Size: 20 KB
  • #1,465
  • Edited 3:48pm Jan 23, 2009 1:14pm | Edited 3:48pm
Trade of the week UCAD 1hr Trade! 30pips risk 350pips Gain with more potential gain after the retracement

http://i44.tinypic.com/119bkfs.gif
  • #1,466
  • Jan 23, 2009 6:44pm Jan 23, 2009 6:44pm
Quoting Dra
Heres a 4H chart for eurchf. I've been in a a trade on this pair from last week. Today the market retraces and creates another nice set-up which I would have entered on. The set up is the pullback from the TL at the blue fibs - 61.8 which forms an Engulfing Bearish Candle.
See chart attached.
can you give me the signal bar on your template. thanks hafizal
  • #1,467
  • Jan 23, 2009 10:53pm Jan 23, 2009 10:53pm
Quoting Naijafx
Trade of the week UCAD 1hr Trade! 30pips risk 350pips Gain with more potential gain after the retracement

http://i44.tinypic.com/119bkfs.gif
Nice trade there Mike
  • #1,468
  • Jan 24, 2009 2:18pm Jan 24, 2009 2:18pm
Quote
can you give me the signal bar on your template. thanks hafizal

Read pg1-3 and really study it, then u will have ur signal template designed yourself
  • #1,469
  • Jan 24, 2009 5:48pm Jan 24, 2009 5:48pm
Quoting Naijafx
Read pg1-3 and really study it, then u will have ur signal template designed yourself
I need the program which I can install into my computer. I'm looking that show on the template on bar signal MACD on Daily, H4, H1, M30, M15 and M1. Then the pips collect, high low . thanks
  • #1,470
  • Jan 25, 2009 9:43am Jan 25, 2009 9:43am
Hi hafizal, This system is not about MACD, daily pip range or whatsoever.. You can find many indicators about MACD and others on the other part of this forum. This thread is about a simple system that have been proved very consistent to many of this thread member, including me. My advice is to throw off your indicator, and start to feel the market by naked trading, or at least minimum indicator trading. Then you'll feel the difference.. Happy pipping next week..
  • #1,471
  • Jan 25, 2009 11:02am Jan 25, 2009 11:02am
Quoting tanyasiapa
Hi hafizal, This system is not about MACD, daily pip range or whatsoever.. You can find many indicators about MACD and others on the other part of this forum. This thread is about a simple system that have been proved very consistent to many of this thread member, including me. My advice is to throw off your indicator, and start to feel the market by naked trading, or at least minimum indicator trading. Then you'll feel the difference.. Happy pipping next week..
Well said...................
  • #1,472
  • Jan 25, 2009 7:02pm Jan 25, 2009 7:02pm
Hi,

There are 2 possible setups this morning. The first is EURUSD,
1) Price is on down trendline
2) Fibo 38.2/78.6
3) Past S turns R
4) Engulfing bearish is forming

The second is AUDUSD,
1) Price is on down trendline
2) Fibo 38.2/61.8
3) Past S turns R
4) Engulfing bearish is forming

However we need to wait until the candle is completed. Many times, this will help you avoid many false setups.

Have a nice week trades.
Happy pipping...

Hoedha
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd_h4.gif Size: 13 KB
Click to Enlarge Name: audusd_h4.gif Size: 16 KB
  • #1,473
  • Jan 25, 2009 10:23pm Jan 25, 2009 10:23pm
Hi everyone . This could be interesting
Attached Image (click to enlarge)
Click to Enlarge Name: chf.gif Size: 20 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,474
  • Jan 26, 2009 4:01am Jan 26, 2009 4:01am
Hi Shandy,

It could work.. But be careful with the overall uptrend on USDCHF and the outer trendline.

Happy pipping..
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_h4.gif Size: 12 KB
  • #1,475
  • Jan 26, 2009 9:32am Jan 26, 2009 9:32am
[quote=tanyasiapa;2493554]Hi Shandy,

It could work.. But be careful with the overall uptrend on USDCHF and the outer trendline
yeah you are right about up trend. When i saw the inner trend line was broken and tested and also there was a ES, i took it anyway to the outer trend line. I gues i just got lucky. Closed it for 1:1.5 anyway
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,476
  • Jan 26, 2009 10:17am Jan 26, 2009 10:17am
Quote
I gues i just got lucky. Closed it for 1:1.5 anyway

U werent lucky, it was a well calculated trade. U took advantage of the space between the two TL and right u go.

Once an inner TL is broken, it goes to outer TL!
Bravo
  • #1,477
  • Jan 26, 2009 10:44am Jan 26, 2009 10:44am
Quoting Naijafx
U werent lucky, it was a well calculated trade. U took advantage of the space between the two TL and right u go.

Once an inner TL is broken, it goes to outer TL!
Bravo
thanks mike , I need your's and DRA's help to master this system
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,478
  • Jan 26, 2009 3:01pm Jan 26, 2009 3:01pm
Thank you for the system and all the helpful posts. I googled evening star, morning star, and the definition I get is different from the one you use.

Can you please give the definition of evening/morning stars and tweezers? I hope to participate in this thread with my charts soon. Thank you.
  • #1,479
  • Jan 26, 2009 3:20pm Jan 26, 2009 3:20pm
Quoting eagle_eye
Thank you for the system and all the helpful posts. I googled evening star, morning star, and the definition I get is different from the one you use.

Can you please give the definition of evening/morning stars and tweezers? I hope to participate in this thread with my charts soon. Thank you.
I can give you my version of ES/MS/TZ but i think DRA or MIKE can explain them much better. Wait till they Reply
Thanks
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #1,480
  • Jan 26, 2009 3:46pm Jan 26, 2009 3:46pm
Quote
I can give you my version of ES/MS/TZ but i think DRA or MIKE can explain them much better. Wait till they Reply
Thanks

This question have been answered repeatedly in the thread,

Evening Star(ES): This is a bearish candle stick formation that signals a potential top and possible reversal. it comes in different shapes but it must have at least 3 candle sticks to make a formation.


we have a bullish, indecision candle(spinning tops, hammer) they might be more than one and a bearish candle, which must penetrate into the bullish candle with more than 60%, or it must close lower than half of the bullish candle . the deeper the penetration the more reliable the signal

The Opposite is the Morning star(MS)

u see, search through the thread u will see the definitions there.
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