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  • #313,361
  • Oct 25, 2010 10:24am Oct 25, 2010 10:24am
How do you mean a conflict of interest ?


Quoting mfoste1
yea i usually only enter or exit trades on my system in 5a or 11a 6h bar.....if you look at some of my charts ive posted you will see that those two bars are where 98% of the big moves (>100 pips) will start......

I was going to start a thread with my system, but unfortunately i cannot now due to a conflict of interest. Ill keep posting charts here so if people can figure it out then they can figure it out . But its not that easy, it has taken me a few months to perfect it. If one doesnt know how to read the system they will have losers. Ive...
Disclaimer: Check your 1m charts
  • #313,362
  • Oct 25, 2010 10:26am Oct 25, 2010 10:26am
Traders are forgetting that DOW needs and will break 11255 before pullback
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  • #313,363
  • Oct 25, 2010 10:28am Oct 25, 2010 10:28am
Quoting 219
We should touch 393x
by who's standards
Know when to hold em, Know when to fold em!
  • #313,364
  • Oct 25, 2010 10:30am Oct 25, 2010 10:30am
Quoting 219
We should touch 393x
I agree nice place to stārt long for long term atleast shoud be 120 pipts through some conjestion zone
  • #313,365
  • Oct 25, 2010 10:31am Oct 25, 2010 10:31am
Quoting pipper
How do you mean a conflict of interest ?

its a conflict with my current job
  • #313,366
  • Oct 25, 2010 10:31am Oct 25, 2010 10:31am
Quoting goods
by who's standards

Mine Let it go a lit more up and il go short
  • #313,367
  • Oct 25, 2010 10:32am Oct 25, 2010 10:32am
Quoting Mr Hatch
shit, i thought that might be a 3-3-3-3-3 ld. *cry*
Hey Mr. Hatch,

sorry for answering so late - dayjob has to be done :-(


I do not know, which wave you thought to be a LD?

I have a LD on the chart also. A big fat LD. Red 1 ready, red 2 in the making.

That count will be invalidated with a move above 4159.

Where did you see a LD?

Right now we have either finished the red 2 (on my count) and are in red 3, or we have to finish the C-leg of wave red 2. Yelow 4 ran into territory of yellow 1 - that would be a ending diagonal in the red wave 2.

This ending diagonal is invalidated with a move under 3892.

If price moves under 3892 we can conclude, that red wave 2 is finished.


Another option would be to count the blue c (which is under construction) traces out a flat correction or a deep retracing zigzag.

Due to the absolute corrective behavior of all the moves, EW at this point is not very usefull. On different TF's you can see different wave behavior.

Maybe we get a days lasting sideway action, where really no one has a clue, in what direction the next big move might occur. Trading right now is relatively dangerous.


Best to you,

Markus


PS: made this morning on the downmove around 60 pips, got out, because I thought movement would reverse, but it did not. I should have kept the trade for +100 pips. But on the other side: 60 are very nice too :-)
  • #313,368
  • Oct 25, 2010 10:32am Oct 25, 2010 10:32am
Interesting... Will check out charts

Quoting mfoste1
its a conflict with my current job
Disclaimer: Check your 1m charts
  • #313,369
  • Oct 25, 2010 10:33am Oct 25, 2010 10:33am
Quoting mfoste1
5a and 11a bars est(ny) the nylon overlap.......
Sorry, I was going to ask that question as well about the 5a and 11a. The answer till has me confused . You mention bars (obviously not drinking bars ha ha). You're using the EST (NY) timescale (figured out that bit) but what do you mean by bars. As already mentioned, sorry for being dense.
  • #313,370
  • Oct 25, 2010 10:35am Oct 25, 2010 10:35am
Quoting Lorna
Sorry, I was going to ask that question as well about the 5a and 11a. The answer till has me confused . You mention bars (obviously not drinking bars ha ha). You're using the EST (NY) timescale (figured out that bit) but what do you mean by bars. As already mentioned, sorry for being dense.

hehehe......look at a 6h chart, Then look at the 5am-11am candle, then 11am-5p candle. That is what i mean by 5a 11a bars.
  • #313,371
  • Oct 25, 2010 10:36am Oct 25, 2010 10:36am
Just checking i have got the time periods right?

So that's 10am and 4pm GMT.... Most big moves happen earlier shortly after London opening ?

Quoting mfoste1
5a and 11a bars est(ny) the nylon overlap.......
Disclaimer: Check your 1m charts
  • #313,372
  • Oct 25, 2010 10:37am Oct 25, 2010 10:37am
Quoting 219
Mine Let it go a lit more up and il go short
Well I am up 13 pips on this long, I have a b/e sl. I am gonna let her go, I would like to see it turn into a big run but we shall see.
Know when to hold em, Know when to fold em!
  • #313,373
  • Oct 25, 2010 10:38am Oct 25, 2010 10:38am
looks like an outside bearish wedge is building on 4h
  • #313,374
  • Oct 25, 2010 10:39am Oct 25, 2010 10:39am
u see i scalp 5 pips with 1 lot and i make over 150 pips a day but out of a lot of trades
  • #313,375
  • Oct 25, 2010 10:40am Oct 25, 2010 10:40am
On 1 and 5 min TF one can count impulse up. Maybe trend change. Stoch and MACD on 15min turning up

On 5 min TF we could be in a microwave 4 of a first subwave up
  • #313,376
  • Oct 25, 2010 10:40am Oct 25, 2010 10:40am
Quoting pipper
Just checking i have got the time periods right?

So that's 10am and 4pm GMT.... Most big moves happen earlier shortly after London opening ?

yes the big moves begin a few hours after london open, or right before london closes.

it sounds so simple, pull up a 6 h chart throw some bbs on it and and watch where the 5am(est) candle closes. A lot of the time the 5am bar will close close the the top or bottom bands then reverse(london traders closing positions and pulling out a large amount of liquidity from the market)
  • #313,377
  • Oct 25, 2010 10:42am Oct 25, 2010 10:42am
Quoting 219
u see i scalp 5 pips with 1 lot and i make over 150 pips a day but out of a lot of trades
If I had the money I would do the same. That is great man keep it up.

one day I can trade a full lot... one day.
Know when to hold em, Know when to fold em!
  • #313,378
  • Oct 25, 2010 10:45am Oct 25, 2010 10:45am
I would say trading between 8:00 - 14:00 would be best time to trade "usually"
What i mean 8:00 - 14:00 is GMT not EST. In other word, I would have to trade between 12:00am - 6:00am PST in my time.

Sometime, the trend of the market is active from 0:00 - 24:00
like today
just click the chart below


http://preview.shareapic.net/preview7/023706991.gif
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  • #313,379
  • Oct 25, 2010 10:49am Oct 25, 2010 10:49am
Quoting mfoste1
looks like an outside bearish wedge is building on 4h
If we see the same, it would have a new high around 1.41 before before going back to 1.38. That would perfectly fit M15 TD D-Wave count.
Attached Image (click to enlarge)
Click to Enlarge Name: TD D-Wave EURUSD M15.png Size: 28 KB
Don't just be a sheep : make your own idea of it.
  • #313,380
  • Oct 25, 2010 10:49am Oct 25, 2010 10:49am
I'd take it handy with the 1 lots if shorting.. Wouldn't like to see a fellow Emerald Isle man burn out

Quoting 219
u see i scalp 5 pips with 1 lot and i make over 150 pips a day but out of a lot of trades
Disclaimer: Check your 1m charts
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