apparently there is news of some bug killing off nzd crop which accounts for alot of their gdp. Doesnt sound good.
DanUK's Advanced Trend Trading Strategy
- #662
- Dec 1, 2010 12:41am Dec 1, 2010 12:41am
Same here, chart didn't print a good reversal bar, hopefully we'll get a nice BUOB today.
I took the BEOB on CHFJPY, anyone else play this?
I took the BEOB on CHFJPY, anyone else play this?
Nice videos Neo.
My daily candles on FXPro close at 10pm GMT. Just a plain old bearish bar
Hello guys
first appologise for my bad english, it is not my first language..
I am new here and was so happy to find this thread, i think it is exactly what i was looking for. i have been trading for about 2 years, trying new method but never actually stick with one , and while jumping from one method to another i have lost a lot of money
.
in the last few month i decided to learn and develope my own trading method which is very similar to DanUK metod, no more day trading,no more impulsive in and out,no more not sticking to my ruls.
i think you understand what i mean couse i think each trader gone through these stages.
Neo, your videos are great, you realy know how to explain all in simple to understand way and your "calm radiophonic" voice make me relax so keep doing it
i am learning a lot from them.
i also saw you mention the option of skype chat room for this method..wow it is excelent idea for sharing thoghts and ideas online at real time.
Now for the trading pair of NaughtyPip NZD/USD i think we need towait to end of day bar to see if we get confirmation (both from PA and candle stick bullish reversal pattern.
wanted to ask if anybody use lower TF like 15m or 30m for acurate timing of the entery (even if it long term run it is always better go gain some 10-20 pips from better entery point.)
any way thanks again for this great thread , hoping we all can benifit and be more profitable traders.
elis
first appologise for my bad english, it is not my first language..
I am new here and was so happy to find this thread, i think it is exactly what i was looking for. i have been trading for about 2 years, trying new method but never actually stick with one , and while jumping from one method to another i have lost a lot of money
.in the last few month i decided to learn and develope my own trading method which is very similar to DanUK metod, no more day trading,no more impulsive in and out,no more not sticking to my ruls.
i think you understand what i mean couse i think each trader gone through these stages.
Neo, your videos are great, you realy know how to explain all in simple to understand way and your "calm radiophonic" voice make me relax so keep doing it
i am learning a lot from them.i also saw you mention the option of skype chat room for this method..wow it is excelent idea for sharing thoghts and ideas online at real time.
Now for the trading pair of NaughtyPip NZD/USD i think we need towait to end of day bar to see if we get confirmation (both from PA and candle stick bullish reversal pattern.
wanted to ask if anybody use lower TF like 15m or 30m for acurate timing of the entery (even if it long term run it is always better go gain some 10-20 pips from better entery point.)
any way thanks again for this great thread , hoping we all can benifit and be more profitable traders.
elis
- #666
- Dec 1, 2010 7:01am Dec 1, 2010 7:01am
Very nice analysis
Hi NaughtyPip, I too have been keeping my eye on the NU and waiting for the new D1 candle to form to see if we'd get a candlestick formation that we could go long off of. I didn't include the NU in my last analysis video because it got too long, so I just made a dedicated short (less than 3 minutes) video for the NU to comment on your setup which I also have been watching for some time.
NU Analysis.
Kind Regards
Neo
Always Learning
- #668
- Edited 4:24pm Dec 1, 2010 4:10pm | Edited 4:24pm
I look at the Daily and see a possible long entry and the H4 looks like it is retracing for another swing down. The only clues I have is the 200 ema is under price on the daily and the H4 , daily , weekly and monthly RSi's are positive meaning bias toward a long position. ??
Keep us in the loop to what you do. One other thing that might be a negative to entry is lack of volume I have noticed this week. Seems like everyone decided to take December off.
Good Luck either way.
Keep us in the loop to what you do. One other thing that might be a negative to entry is lack of volume I have noticed this week. Seems like everyone decided to take December off. Good Luck either way.
I'm considering going long the AU in about an hour when the new D1 candle opens (and *if* it breaks the high of the previous candle).
However, the H4 is showing me somewhat of an opposite setup (see below), with Stochastic in OB and with the 50% fib retracement level posing potential resistance for a possible continuation to the down side.
NeoRio
Always Learning
I look at the Daily and see a possible long entry and the H4 looks like it is retracing for another swing down. The only clues I have is the 200 ema is under price on the daily and the H4 , daily , weekly and monthly RSi's are positive meaning bias toward a long position. ??
Good Luck either way.
I use MYFX for managing the trade. I try to always use a TP1 of greater or equal to the initial SL. TP2 is usually set to run.
Best Regards,
NeoRio
Sentiment: Short on cash. Long on hope.
- #675
- Dec 2, 2010 4:34pm Dec 2, 2010 4:34pm
I got in also but not sure now that Im there . My candle looks un sure of what it wants to do plus its capped by the 200 ema .Time will tell I guess
I took a GU long a few hours ago...not a solid entry signal so I entered with a small position. I took the break of the bullish D1 candle right around 1.6000
Always Learning
