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  • #12,741
  • Mar 24, 2011 9:45am Mar 24, 2011 9:45am
Catch the EURUSD... its continuing
  • #12,742
  • Mar 24, 2011 9:48am Mar 24, 2011 9:48am
Quoting Krypt0n1te
Sorry, didn't want to come across as pushy!

I entered the trade and think 0.972 might be a good PT, if that breaks It can even go to 0.968
No, I was just about to say that I didn't mean for that to sound as "flip" as it did.

What I should have said was never get in a trade because someone else is in it...although we all have done exactly that...at least I have on many occasions.

There needs to be a reason to enter a trade. Looking at the H1 chart and the RSIs, I beleive a reason to enter is there. It has become a ZC trade now.
  • #12,743
  • Mar 24, 2011 9:54am Mar 24, 2011 9:54am
Quoting vany
Catch the EURUSD... its continuing
Thanks, I missed the BO. Are you in?
  • #12,744
  • Mar 24, 2011 9:58am Mar 24, 2011 9:58am
Quoting lawgirl21
No, I was just about to say that I didn't mean for that to sound as "flip" as it did.

What I should have said was never get in a trade because someone else is in it...although we all have done exactly that...at least I have on many occasions.

There needs to be a reason to enter a trade. Looking at the H1 chart and the RSIs, I beleive a reason to enter is there. It has become a ZC trade now.
No Probs at all!!

I now understand completely what you meant.

My morale is really down after the bad trades I made and I just have to ad the bad luck on the "potentially" good trades as well, that I'm now trying to grab onto anything that seems like its gonna work.......

.....and as you just said I SHOULD NOT be following blindly but make my own informed decisions.

PS. It is nice to follow someone like you though!
  • #12,745
  • Mar 24, 2011 9:58am Mar 24, 2011 9:58am
Yes mam!!!
im catching the EUR/USD wave, up 12 pips now.
i also manage to catch EUR/GBP, seems like Euro is appreciating for some reason
  • #12,746
  • Mar 24, 2011 10:03am Mar 24, 2011 10:03am
Quoting jmw1970
Hi jdcompute,

first of all congrats, i am a little confused by your chart however

a) your 2 horizontal lines for the 4hr BO channel only take into account the first 3 candles??

b) in post 12698 (EURAUD) LG was explaining how she avoids fake out breaks, looking at the example she posted it appears that the 1hr candle that breaks the channel she marks the low/high of that, then looks for a 15 min candle to close outside this secondary range

what is the actual rule??, I thought I was getting the hang of it but am now confused again and...
Hey John. My 2 lines do include a total of "four" candles with the first one being at the period separator. As for the entries, I did time one of them by using the 15min chart but not the other. I'm still learning the "rule" for the entry.
  • #12,747
  • Mar 24, 2011 10:03am Mar 24, 2011 10:03am
Quoting vany
Yes mam!!!
im catching the EUR/USD wave, up 12 pips now.
i also manage to catch EUR/GBP, seems like Euro is appreciating for some reason
And EURJPY is now a 3 Tap trade setup and trigger.
  • #12,748
  • Mar 24, 2011 10:07am Mar 24, 2011 10:07am
Quoting lawgirl21
And EURJPY is now a 3 Tap trade setup and trigger.
Nicee....XD

EURUSD TP +30pips
  • #12,749
  • Mar 24, 2011 10:11am Mar 24, 2011 10:11am
Lg Do you include the wick on the h1 BO bar ?
  • #12,750
  • Mar 24, 2011 10:13am Mar 24, 2011 10:13am
Quoting lawgirl21
And EURJPY is now a 3 Tap trade setup and trigger.
Hi LG,

Is it possible to have it pointed-uot on the chart?
Time matters most
  • #12,751
  • Mar 24, 2011 10:32am Mar 24, 2011 10:32am
Quoting blackqn
Hi LG,

Is it possible to have it pointed-uot on the chart?
Chart
Attached Image
  • #12,752
  • Mar 24, 2011 10:33am Mar 24, 2011 10:33am
In on the close of the M15 candle below that support line.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 67 KB
  • #12,753
  • Mar 24, 2011 10:38am Mar 24, 2011 10:38am
LG,

Is there a trendline alert you all use for 3T method.....
Thanks.
  • #12,754
  • Mar 24, 2011 10:40am Mar 24, 2011 10:40am
Hi to all...I am new here and I am absolutely LOVING this thread. Quick question..does this classify as a H4 3T?

Thanks in advance!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h4 3t.gif Size: 18 KB
  • #12,755
  • Mar 24, 2011 10:44am Mar 24, 2011 10:44am
Quoting jackm1
LG,

Is there a trendline alert you all use for 3T method.....
Thanks.
No..all manual. You don't have to be glued to the monitor though. Just look for setups when you can. They happen 24/7.

For 3 Tap Trades: Try to keep the entire list of pairs RSIs/Arrows posted permanantly on a chart and when you have time, glance at it and see which pairs have RSIs confirming in the 3 TFs we are concerned with....then look for set-ups.

For H1 BOs: Check the charts anytime after the first 4 hours of your new day. London session is best, no doubt about that, but I never trade that time and I do pretty well.
  • #12,756
  • Mar 24, 2011 11:24am Mar 24, 2011 11:24am
Quoting lawgirl21
Chart
Thanks. We see the same Is that ok when 2nd candle doesn't touch TL? Or maybe RSI confirmation was strong enough? Coul'd you help to understand it please?
Time matters most
  • #12,757
  • Mar 24, 2011 11:27am Mar 24, 2011 11:27am
Quoting lawgirl21
Chart
Hi LG, that's an interesting trade on EURJPY, I know you might have taken this into consideration, but I wanted to point out some "trouble areas" for PA, AKA resistance levels that I found near the entry price, might be good to check them if anyone else got into this trade...

It's so good to be here learning FROM and with you guys!! great day to all..
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY3T.jpg Size: 56 KB
Flp. 4:13
  • #12,758
  • Mar 24, 2011 11:34am Mar 24, 2011 11:34am
Quoting blackqn
Thanks. We see the same Is that ok when 2nd candle doesn't touch TL? Or maybe RSI confirmation was strong enough? Coul'd you help to understand it please?
I disregarded some of that doji wick and my lines will not draw exactly as I want them, they seek levels. I am not sure this will be a good trade.
  • #12,759
  • Edited 1:35pm Mar 24, 2011 11:52am | Edited 1:35pm
Got in late on this one but still took +39 on a short down to the support line. It may go lower but I'm happy.

**EDIT: I closed this trade out at -11. It's not moving and I can't watch the chart like I need to right now.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 58 KB
  • #12,760
  • Mar 24, 2011 12:04pm Mar 24, 2011 12:04pm
GU 3 tap H4
http://img28.imageshack.us/img28/5664/gu3taph4.jpg
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