Daily Chart Trading Discussion | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daily Trading Signals, Discussion, Share and Analysis 18 replies

Daily Scalping EA - Discussion Thread 349 replies

Chart Pattern Discussion 4 replies

Chart patterns and trendline discussion.... 293 replies

Daily Scalping Hedging/ATR Discussion 23 replies

Attachments: Daily Chart Trading Discussion
Exit Attachments

Daily Chart Trading Discussion

  • #1
  • First Post: Edited Sep 30, 2011 8:23am Jul 19, 2010 9:13am | Edited Sep 30, 2011 8:23am
Hello Fellow Traders

This thread for traders who are interested in trading, analyzing, sharing PA, charts and candlestick patterns in plain and/or using 1 or 2 indicators possible, on H1/H4/D/W tf.

Looking forward to seeing your contributions and comments.

Happy Trading + Pippings.

p.s. English is not my main language, so I may not express good.
p.s. I have no affiliate to links listed below but they are only meant for educational purposes

Cheers
tpat

add: steve nison's candlestick training videos (thanks to halfstep) http://www.candlecharts.com/blog/
add: PA resources (thanks to bug) http://www.forexfactory.com/showthre...66#post3999966
add: long wick candles (thanks to greame) http://www.forexfactory.com/showthre...70#post4032270
add: steven nison's forex candlestick education (thanks to halfstep) http://www.forexfactory.com/showthre...48#post3283348
add 21-9: steven nison's "small body uptrend warning" training video (9 sept 2011) http://www.forexfactory.com/showthre...54#post4971654
add 28-9: PA+RN trading http://www.forexfactory.com/showthre...29#post4993229
  • #2
  • Jul 19, 2010 9:31am Jul 19, 2010 9:31am
Hi Traders

I have long on E-U. Secured 0.05 lot for about 100 pips. Another 0.05 let it runs.

I need advise on SL?
Do I need to set TP? A must?

tpat
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 40 KB
  • #3
  • Jul 19, 2010 9:58am Jul 19, 2010 9:58am
Long same as you. Some profit secured. At B/E on the 2nd half. Looking for 1.31 as a target on rest.
Completion of 3 drives pattern into a 38.2 retrace. Just my thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 39 KB
Never underestimate an idiot.
  • #4
  • Jul 19, 2010 11:25am Jul 19, 2010 11:25am
Quoting uncle gromit
Long same as you. Some profit secured. At B/E on the 2nd half. Looking for 1.31 as a target on rest.
Completion of 3 drives pattern into a 38.2 retrace. Just my thoughts.
Hi gromit

Great trade!
What is that "completion of 3 drives pattern into a 38.2 retrace?"
A candlestick pattern (I guess)?

tpat
  • #5
  • Jul 19, 2010 11:59am Jul 19, 2010 11:59am
Quoting tradpat
Hi gromit

Great trade!
What is that "completion of 3 drives pattern into a 38.2 retrace?"
A candlestick pattern (I guess)?

tpat
Fibonacci combined with price symmetry. In this case 3 equal wave lengths into a retracement level. Obvious place to get out. A key point of interest. Will it get there? I have no idea. Like all technical analysis, success is not guaranteed. Which is why I scale out. Takes the pressure off. If the pattern fails, I've still made a healthy profit. Rather that, than see price come all the way back and have to close out for a tiny profit or worse still B/E.
Never underestimate an idiot.
  • #6
  • Jul 20, 2010 3:52am Jul 20, 2010 3:52am
Quoting uncle gromit
Fibonacci combined with price symmetry. In this case 3 equal wave lengths into a retracement level. Obvious place to get out. A key point of interest. Will it get there? I have no idea. Like all technical analysis, success is not guaranteed. Which is why I scale out. Takes the pressure off. If the pattern fails, I've still made a healthy profit. Rather that, than see price come all the way back and have to close out for a tiny profit or worse still B/E.
Thanks for the reply.
  • #7
  • Jul 20, 2010 3:54am Jul 20, 2010 3:54am
Hi Traders

Is there anyone trading on GJ? (EJ too)
It has been ranging > 1 month now.
Any comment (how to trade)?

tpat
Attached Image (click to enlarge)
Click to Enlarge Name: 1gj.gif Size: 52 KB
  • #8
  • Jul 20, 2010 4:31pm Jul 20, 2010 4:31pm
Play the range or leave it alone til it breaks out.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 20 KB
Never underestimate an idiot.
  • #9
  • Jul 20, 2010 5:55pm Jul 20, 2010 5:55pm
Hi, im looking at the gbp/usd, im looking for a long after todays bullish pinbar, im waiting for a retrace of todays bar to increase the RR if it happens,

orders are here-

Buy limit @ 1.5227
stop loss@ 1.5140
Tp @ 1.5450

Attached Image
  • #10
  • Jul 20, 2010 8:02pm Jul 20, 2010 8:02pm
Quoting uncle gromit
Play the range or leave it alone til it breaks out.
I thought so.
On Daily TF I do not have the skill / confidence to trade on range yet like GJ an aggressive pair moving so volatile.
Maybe today (now working) if I have time to look at H4, I hope to catch a good entry?
  • #11
  • Jul 20, 2010 8:19pm Jul 20, 2010 8:19pm
Hi highlander

Like yours, I see a potential uptrend still hold in Daily but I put an pending order based on H4.
There are 2 pin bars shown.

What MAs you use?




Hi gromit

I like your "naked" trading chart.
I am trying to reduce indicators and possible later on to trade as "naked" as possible.



Good luck to you two.

tpat.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: g-u 100-d-po.gif Size: 58 KB
Click to Enlarge Name: g-u 100-h4-po.gif Size: 55 KB
  • #12
  • Jul 21, 2010 4:40am Jul 21, 2010 4:40am
Hi, I got a great fill, but a bit crazy at the moment, i was up 100 pips now back to 50 pips, havnt a clue what will happen!
Have not moved stop just yet.
  • #13
  • Jul 21, 2010 4:41am Jul 21, 2010 4:41am
Hi Traders

Anyone please share why it happened 136 pips as shown in M5 chart (GU)?

Thanks
tpat
Attached Image (click to enlarge)
Click to Enlarge Name: g-u.gif Size: 42 KB
  • #14
  • Jul 21, 2010 4:43am Jul 21, 2010 4:43am
oh by th way the ema's are 8,21, 50 and 200. (exponential) i only use them for dynamic support and resistance. the 8 ema works great on strond trends.
  • #15
  • Jul 21, 2010 8:42am Jul 21, 2010 8:42am
Quoting highlander2
oh by th way the ema's are 8,21, 50 and 200. (exponential) i only use them for dynamic support and resistance. the 8 ema works great on strond trends.
Thanks for sharing. Keep up your good trading.
  • #16
  • Jul 21, 2010 8:59am Jul 21, 2010 8:59am
Hi

IMO a tweezer is formed on E-G.

The link for tweezer >
http://www.onlinetradingconcepts.com...TopBottom.html

Let's see if today's candle going down then to short tomorrow.

tpat
Attached Image (click to enlarge)
Click to Enlarge Name: e-g.gif Size: 51 KB
  • #17
  • Edited 11:42am Jul 21, 2010 11:28am | Edited 11:42am
Hi tradpat, I dont think my trade is going to work out this time, im currently down 30 pips. I was up over 100 earlier, oh well...

This has happend a couple of times reecently, i may have to tweek my plan so that i move to BE after 1X risk.

we shall see.http://clip2net.com/clip/m0/1279729674-clip-14kb.png
  • #18
  • Edited 9:59pm Jul 21, 2010 9:01pm | Edited 9:59pm
Hi highlander

The H4 pin bars did not work out well for uptrend. It's part of the game, man!

I am out and lost 125 pips on G-U as PA shown downtrend - full black candle closed below MA5 + 2 past black candles.

Pending for the news on US and GBP today to decide the trend.

P.S. Based on PA I see downtrend.

tpat
Attached Image
  • #19
  • Jul 21, 2010 9:14pm Jul 21, 2010 9:14pm
Made a short on Gold yesterday after SL was hit 2 days (collected $45).

tpat
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 37 KB
  • #20
  • Jul 22, 2010 5:20pm Jul 22, 2010 5:20pm
My current trade.

Long @ 0.8850. Stop @ 0.8775. Target 0.9100

Any retest of the breakout level that fails I will consider an add on opportunity.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud.gif Size: 23 KB
Click to Enlarge Name: aud2.gif Size: 26 KB
Never underestimate an idiot.
0 traders viewing now