Attachments: Peaches`s trading log

Peaches`s trading log

#41
May 27, 2009 11:04am May 27, 2009 11:04am

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

see posting # 29 for gold:

Price breaks through the cloud, is now in bull territory, retested the cloud as new support and if today ends as a bullish candle we might see 990 or 1000
in the next days

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#42
May 27, 2009 11:18am May 27, 2009 11:18am

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

I dont trade based on 1 h chart, but its nice to see reaction of the price on usd/lfx:

Notice on this 1 h chart the long upper wicks on the 1 h candles, indicating selling pressure. They tested kijun sen and tenkan sen as resistance, now price decide to fall ?

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#43
May 27, 2009 11:27am May 27, 2009 11:27am

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

early entry is bad thing:

I should have waited today for eurchf.

If we have a full daily close below the kijun sen, this gives an interisting weekly candle: a weekly bearish engulfing in bear territory, with the cloud and kijun sen as resistance above the weekly candle:

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#44
May 27, 2009 2:20pm May 27, 2009 2:20pm

MacMG
| Joined Oct 2008 | Status: Another beginner | 506 Posts

[quote=peaches;2760274]Hi MacMG,

sorry for the delay, but I have regular work most of the time.

Hi Peaches.

I’m also very busy nowadays so I’m sorry for delay to.

Peaches many thanks for great explanation and sharing which is really helpful.

I’m looking forward in this thread.

MacMG.

#45
May 27, 2009 9:40pm May 27, 2009 9:40pm

Satni
| Commercial User | Joined Feb 2008 | 377 Posts

Hi Peaches,

Having 2 strong systems in one chart review looks marvelous.

Could you elaborate further:-

1) Between these 2 system, which one do you weight more and why?

2) Are you using the AHA TD Seq. indicator?

Thanks in Advance

#46
May 28, 2009 3:47am May 28, 2009 3:47am

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

Hi Peter could you tell me that we are on the 13th count would I be right in saying we should be looking for a corrective move or consolidation?

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On-site guru & also FF member's' psychiatrist, when not drinking tea

#47
May 28, 2009 4:22am May 28, 2009 4:22am

hussin naiji
Joined Nov 2007 | Status: beginner | 7,828 Posts

Quoting Bones

Disliked

Hi Peter could you tell me that we are on the 13th count would I be right in saying we should be looking for a corrective move or consolidation?

Ignored

also to me

#48
May 28, 2009 11:41am May 28, 2009 11:41am

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

Quoting Satni

Disliked

Hi Peaches,

Having 2 strong systems in one chart review looks marvelous.

Could you elaborate further:-

1) Between these 2 system, which one do you weight more and why?

2) Are you using the AHA TD Seq. indicator?

Thanks in Advance

Ignored

Hi satni, I´am very pleased to see you here

I started analyse td sequence with cTD Sequential v2 Alert, but in the td advanced thread I wonder, that it doesn´t count right (compared wih tradestation count). From yesterday on, I give TD_AHA Trend Reversal 0_5.ex4 a try. For triangel or trendline break I always have Ind_TD_DeMark_3_1_LA_Mod_03B_AIME.ex4.

I`am absolutly newbie to tom demark sequence, but it simple sounds logic, that every trend might come to an end.

I use ichimoku since ~ 2 years, so I am more familar with this. But I found idea very fascinating to have an indicator giving trend exaustion points (which probably coincident with a candlestick pattern

), and price will fall back to a certain resitance given by the ichimoku system.

Atm I weight more ichimoku system, because it is very high risk in a bull market to short, "just" because TD gives a short.

#49
May 28, 2009 11:49am May 28, 2009 11:49am

WedWed
| Joined Aug 2008 | Status: Trader | 1,210 Posts

Quoting peaches

Disliked

Hi wedwed,

oh, this "pair" is xau/usd, which is in simple words: gold.

I don´t know if your broker offer gold . I trade with http://www.liteforex.org/ who allows me testing ichimoku-/ tom demark system with very small money.

Ignored

thnax brother.

Never sell @ lower upward channel unless breacked and vise versa .

#50
May 28, 2009 11:50am May 28, 2009 11:50am

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

here is an example of a trade setup, I`am loooking for:

Sorry its only 4 h:

If TD indicator counts right, we have had a sell sequence, followed by a countdown. The violett "13" marks trend exhaustion point. This would
be candle to place a short. But I have not enough experiance with TD,
and we are in a strong bull market.

So watch the fight for 12 h to have a full 4 h candle close below the kijun sen (blue line). This gives me more confirmation for a short.

But carefully, this is countertrend !

Given bounces and maybe exit point for take profit are given by the ichimoku system (daily tenkan sen, kijun sen, the cloud).

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#51
May 28, 2009 11:51am May 28, 2009 11:51am

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

Quoting WedWed

Disliked

thnax brother.

Ignored

#52
May 28, 2009 11:54am May 28, 2009 11:54am

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

wedwed, this is for you:

gold breaks through the cloud, re- tested resistance (cloud or better tenkan sen) and now
is in a bull market

Notice new tom demark sell countdown is marked with a yellow "1", after 9 days, price will go sideways or turn

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#53
May 28, 2009 11:59am May 28, 2009 11:59am

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

Notice, how importend it is for price to have a close below the kijun sen....

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#54
May 28, 2009 12:12pm May 28, 2009 12:12pm

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

Quoting Bones

Disliked

Hi Peter could you tell me that we are on the 13th count would I be right in saying we should be looking for a corrective move or consolidation?

Ignored

Hi tony, hi hussin,

please also read thread TD advanced:

http://www.forexfactory.com/showthread.php?t=8915

I have had the same question to suntrader here:

http://www.forexfactory.com/showpost...&postcount=261

But I have not found a working TD indicator for MT4.

This daily count for the countdown is not right, because...

...the not labeled candles between the candle 2 and 3 in the attached chart did not close higher then candle 2. So this candles are not part of the countdown.

After setup (the 9 days) is perfected price will go sideway or turn a bit, before continue in the direction of the trend (the 9 days). This continuation is the countdown.

This is the simple part. There are a lot of exceptions, wich invalidate the setups and countdowns.

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#55
May 28, 2009 3:10pm May 28, 2009 3:10pm

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

ichimoku situation for eur/chf:

ichimoku system is good for a trending market, since beginning april we have a range here:

daily is inside the cloud and above the kijun sen. Kijun sen is flat, so no
good for rise or fall.

In case prcie breaks up the cloud, we will have a kumo break, and return fall to the cloud to test, if cloud is solid new support.

In candlesticks this would look like a doji or hanging man after an uptrend, and then 1 day or 2 day down, then resume of uptrend. So don´t get caught by a doji/hanging man after kumo break 1,52 - 1.5250, its fake.

I show you example situation for gold, what I mean.

But we should take notice weekly, there is big big resistance above, the cloud plus kijun sen. a daily close above 1.5230 would be good for bulls.

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#56
May 28, 2009 6:31pm May 28, 2009 6:31pm

Satni
| Commercial User | Joined Feb 2008 | 377 Posts

Quoting peaches

Disliked

Hi satni, I´am very pleased to see you here

I started analyse td sequence with cTD Sequential v2 Alert, but in the td advanced thread I wonder, that it doesn´t count right (compared wih tradestation count). From yesterday on, I give TD_AHA Trend Reversal 0_5.ex4 a try. For triangel or trendline break I always have Ind_TD_DeMark_3_1_LA_Mod_03B_AIME.ex4.

Ignored

Thanks Peaches!

Just sharing here,I discover that the difference in the display is due to "TD

Sequential is highly sensitive to the each candle closing price(per time

frame used) as such different forex brokers and data service providers

may NOT provide similiar closings for each time frame.

(i.e since worldwide all forex datas are not centralised).

So the differences is can't be avoided,hehe not to worry much.

Let us accept, what u display here.TQ

#57
May 29, 2009 5:44am May 29, 2009 5:44am

peaches
Joined Oct 2007 | Status: Trader | 3,461 Posts

Quoting Satni

Disliked

Thanks Peaches!

Just sharing here,I discover that the difference in the display is due to "TD

Sequential is highly sensitive to the each candle closing price(per time

frame used) as such different forex brokers and data service providers

may NOT provide similiar closings for each time frame.

(i.e since worldwide all forex datas are not centralised).

So the differences is can't be avoided,hehe not to worry much.

Let us accept, what u display here.TQ

Ignored

#58
May 29, 2009 5:48am May 29, 2009 5:48am