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  • #1,501
  • Mar 17, 2011 10:54pm Mar 17, 2011 10:54pm
Quoting Sujith
I think your understanding is correct.
Sujith,

If you can, look at my post 1493 about two bars earlier today on the EU. Silver and I are discussing whether they are valid or not and why if not. In my opinion they would have been losers. Would you or Divergence even take those trades?

I believe they meet all the rules to trade, except maybe the session time, but what would make them lose?
  • #1,502
  • Mar 17, 2011 11:07pm Mar 17, 2011 11:07pm
Quoting Rcwso
Sujith,

If you can, look at my post 1493 about two bars earlier today on the EU. Silver and I are discussing whether they are valid or not and why if not. In my opinion they would have been losers. Would you or Divergence even take those trades?

I believe they meet all the rules to trade, except maybe the session time, but what would make them lose?
I believe those are valid according to the rules, but I take trades only within the first 3 hours after Frankfurt open and first 4 hours after NY open. I have rarely seen a loser if you stick to the first 4 hours of NY and I feel NY is the best session for this method since the trend is already established in the previous session. Times other than the above, there is simply no momentum to justify entering a trade. I think most of us have a problem with overtrading and once we conquer that urge we will all do well. I think you did not take those trades but were just trying to reason out the validity.
  • #1,503
  • Mar 17, 2011 11:11pm Mar 17, 2011 11:11pm
for the second bar, if you manage the trade like div does, it s atleast a BE trade

SL to BE when at 5pips from the target (if i understand right)
  • #1,504
  • Mar 17, 2011 11:16pm Mar 17, 2011 11:16pm
Quoting Sujith
I believe those are valid according to the rules, but I take trades only within the first 3 hours after Frankfurt open and first 4 hours after NY open....
I 100% agree about overtrading, trying to make the market/charts look like what you want. I am just trying to find time that fit into my work schedule. I have a very difficult time trading during some of the key times with the markets. I live in a timezone that is -7 hours GMT, Pacific Coast in the USA. -7 GMT makes my start times around midnight to 4 or 5 am. And then I am at work for the other times. I am currently trying to get up early to try and see how it works out.

I did want to see if they were valid regardless of time and momentum.
  • #1,505
  • Mar 17, 2011 11:19pm Mar 17, 2011 11:19pm
Quoting B4iFUrU18
for the second bar, if you manage the trade like div does, it s atleast a BE trade

SL to BE when at 5pips from the target (if i understand right)
That is true.
  • #1,506
  • Mar 17, 2011 11:24pm Mar 17, 2011 11:24pm
Any thought to an upcoming trade on the EU right now? There is a very slight amount of divergence that occurred but it is extremely small.

Thoughts?
  • #1,507
  • Mar 17, 2011 11:25pm Mar 17, 2011 11:25pm
Quoting Rcwso
I 100% agree about overtrading, trying to make the market/charts look like what you want....
Yes, I understand. Luckily, my timezone allows me to trade the high liquidity hours of both London and NY.
  • #1,508
  • Mar 17, 2011 11:29pm Mar 17, 2011 11:29pm
Quoting Divergence
it starts in 10 minutes hey diana come on to the webinar no downloads just have your speakers on http://www.freebinar.com/tradingthetrend1welcome
was little late for webinar , trading method explained clearly
....
Div. seems you are a natural at this (teaching
  • #1,509
  • Mar 17, 2011 11:29pm Mar 17, 2011 11:29pm
Maybe no trade coming up on the EU. Low volume anyway. Time for some sleep. Be back in the morning before work.
  • #1,510
  • Edited 3:21am Mar 18, 2011 2:48am | Edited 3:21am
Euro trend is still up but I see interesting confluences - (a) divergence (b) 1-2-3 (c) H & S (more obvious on my range bar chart).

I will wait for PA to close well above the 4088 high before considering another long & will simultaneously prepare for short below 4050.

George


Update
Staying aside until PA either closes below 4050 or oscillator indicator(s) making HH with close above 40925
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd chart 3182011.jpg Size: 137 KB
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  • #1,511
  • Edited 3:15am Mar 18, 2011 2:57am | Edited 3:15am
mad at myself, my alarm clock didnt go off so i slept through yr webinar,,,woke up by inner clock just when it finished. http://www.forexfactory.com/images/icons/icon9.gif

i just saw this trade to take place,,,and would like to know mr divergence if this was a viable set up. from yr posts i know what a perfect set up looks like, but things may not b always black and white , but grayish as well --so my apologies if its annoying. yr answer ''yes'' or ''no'' will do just perfectly.aware that the falling TL line was stretched and maybe worn out a bit.
As there was divergence //not perfect one,but ''heads up'' one,2ble top,whatever//the pinky TL could've just turn into resistance again and carry on south.
--SL would b 2 pips below a ''whole number'' 1.2700
--entry took time at 7:50 franfurkt/berlin time,,,,,,,,,6:50 LONDON

thats my thinking, but sometimes i think too much.
thx s lot
//gonna post for the first time, so if its messy pls bear with me//
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf demo.gif Size: 33 KB
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  • #1,512
  • Mar 18, 2011 3:04am Mar 18, 2011 3:04am
hello 919gilead

could you please tell me how to get a range charts on m?
regardst
  • #1,513
  • Mar 18, 2011 3:04am Mar 18, 2011 3:04am
Quoting 919gilead
Euro trend is still up but I see interesting confluences - (a) divergence (b) 1-2-3 (c) H & S (more obvious on my range bar chart).

I will wait for PA to close well above the 4088 high before considering another long & will simultaneously prepare for short below 4050.

George
++++++++++++++++++++++++++++++++

It's helps to have a rubber neck to keep up with the speed and direction.
  • #1,514
  • Mar 18, 2011 3:16am Mar 18, 2011 3:16am
Quoting boeing
hello 919gilead

could you please tell me how to get a range charts on m?
regardst
Try the free offer from Nova @ http://novacodetrader.com/s/novachart-2/ and go to range bar training for the download
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  • #1,515
  • Mar 18, 2011 4:10am Mar 18, 2011 4:10am
Hi all!
Great system!
Is anyone using it to trade £/$?
  • #1,516
  • Mar 18, 2011 4:27am Mar 18, 2011 4:27am
Quoting 919gilead
Try the free offer from Nova @ http://novacodetrader.com/s/novachart-2/ and go to range bar training for the download
thanks for sharing

how many pips of range bars you are using for M5 time frame?

thanks...
  • #1,517
  • Mar 18, 2011 5:12am Mar 18, 2011 5:12am
Quoting a2xm
thanks for sharing

how many pips of range bars you are using for M5 time frame?

thanks...
8 pips
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  • #1,518
  • Mar 18, 2011 5:13am Mar 18, 2011 5:13am
Anyone in on this lovely.

Attached Image (click to enlarge)
Click to Enlarge Name: flag4.gif Size: 25 KB
  • #1,519
  • Mar 18, 2011 5:49am Mar 18, 2011 5:49am
Quoting Shanexx
Anyone in on this lovely.

Attachment
Yes. I am in. 1..41 my target
  • #1,520
  • Mar 18, 2011 6:04am Mar 18, 2011 6:04am
this is when trigger bar is not touching sma
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