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  • #901
  • May 2, 2011 5:12am May 2, 2011 5:12am
Quoting jrushing
Some brokers only allow so many templates, might try removing some of them and then try it.............Who are you using?

Axitrader (live) and FS forex (demo) same problem on both.
ill try deleting some templates im not using and see what happens
  • #902
  • May 2, 2011 5:14am May 2, 2011 5:14am
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
here
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  • #903
  • May 2, 2011 5:15am May 2, 2011 5:15am
Gonna go long on the Eur soon, but watch for Major S/R at 1.4880, also looks like a 3 sisters pattern forming, its either gonna blow thru it or bounce hard off it.
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  • #904
  • May 2, 2011 5:15am May 2, 2011 5:15am
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
euru
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  • #905
  • May 2, 2011 5:20am May 2, 2011 5:20am
Particularly since the AUDUSD 1H just formed a perfect Head and shoulders pattern. The EURUSD is forming a "triple top" on the 4H, so I am looking for this pair to drop also!

Quoting dean
Nojobrob,
I would not have taken that trade because the tdi and the stochs are quite high up towards the overbought levels particularly on the 4 hour chart so be careful. You also have the US market opening in 2 hours when everything could reverse with the bin laden news.
Not criticising you and I hope you do well, just something to look out for.
  • #906
  • May 2, 2011 5:31am May 2, 2011 5:31am
jrushing,
I agree with you on the euro. My question is...will you wait for the new candle as per the rules?? The tdi green looks as if it will cross the red by then but it hasnt yet.
Other things to consider is New York opens at the same time (which I am thinking will be in favour of a long trade), but it worries me that the tdi is up close to the 68 level. WHat are your thoughts??
  • #907
  • May 2, 2011 5:35am May 2, 2011 5:35am
My apologies I meant the New York opening in my opinion will be in favour of a stronger US dollar so I am thinking the EUR/USD will bounce off the resistance.
Only guessing though and I would prefer to sit back and watch I think.
  • #908
  • May 2, 2011 5:35am May 2, 2011 5:35am
i am waiting for the 15m to realigned itself and then will check with the H1 to confirm an entry, personally I think it will drop down to the 1.4827 area then go off again, thats just me and the way i trade

Quoting dean
jrushing,
I agree with you on the euro. My question is...will you wait for the new candle as per the rules?? The tdi green looks as if it will cross the red by then but it hasnt yet.
Other things to consider is New York opens at the same time (which I am thinking will be in favour of a long trade), but it worries me that the tdi is up close to the 68 level. WHat are your thoughts??
  • #909
  • May 2, 2011 5:40am May 2, 2011 5:40am
Personally, I think the Eur is going to go thru it and make a new high, but due to the holiday I am keeping my stops tight, i also have a counter trade set up if the Osama news makes the US market go off, i am hearing some of the earnings coming out are not so good, we will have to see what the PA is going to do..............right now its hr by hr

Quoting dean
My apologies I meant the New York opening in my opinion will be in favour of a stronger US dollar so I am thinking the EUR/USD will bounce off the resistance.
Only guessing though and I would prefer to sit back and watch I think.
  • #910
  • May 2, 2011 5:54am May 2, 2011 5:54am
May be that EURUSD couldn't give an ideal market environment for trading any H4 strategy actual except where the market could go down this or next week or later. Other currency pairs seems to be more in my favor.
  • #911
  • May 2, 2011 5:55am May 2, 2011 5:55am
Quoting sam21
bounce trade 5 minute
  • #912
  • May 2, 2011 5:57am May 2, 2011 5:57am
Some could say we have a 3 sisters on the H1 and should go down, but PA is not acting like it gonna go down very much, the bulls and bears are fighting each other lets see who is gonna win, if it breaks the upper line then it going to go to 1.4880 or higher
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  • #913
  • May 2, 2011 6:03am May 2, 2011 6:03am
EURAUD. H4, 2011 Mai 02

Good arguments.
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  • #914
  • May 2, 2011 6:17am May 2, 2011 6:17am
AUDCAD, Daily, 2011 Mai 02

If so #914 then I would wait at AUDCAD Daily for some signals to go more down.

So I have set the AUDCAD Daily on the watchlist.
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  • #915
  • May 2, 2011 6:31am May 2, 2011 6:31am
Just went in, we got him (durr)
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  • #916
  • May 2, 2011 6:31am May 2, 2011 6:31am
Quoting dean
eelfranz,
bom bom closes out his trades at the same GMT you do. Is this a hard and fast rule or is it just to fit in with your day?? I mean I think he is closing out regardless of his trades being wins or losses purely becasue you close all your trades at that time. IS this the case or should we just leave them open until our tdi signals to close the trade or we have met our own take profit levels?? The time you close is not specific to all of us is it?? I am assuming closing the trades is more consistent with the tdi or market sihan the time??...
Dean, I'm closing out as the TDI signaled an exit. while closing out on all trades @ 13 GMT is not related to TDI, just to avoid ranging market. BTW, If I did not close my trades, I could be in trouble. See the GBP/USD go up, USDCHF go down, and USDJPY go down. these againts my positions.
BTW.. to line up the entry as the trend on daily 9or even weekly) looks like good for this strategy, although we have to admit, even when we align with upper time trend, the beginning of the new trend always come from smaller time frame.

BTW, see you later tonight (It's GMT +7 here), have to go home and teach my lovely daughter to study. Guess trading may not forget us about our dearest persons Have a nice trade Dean (and the others!)

best regards,
Bom2
  • #917
  • May 2, 2011 6:45am May 2, 2011 6:45am
thanks bom bom. you have a good night
  • #918
  • May 2, 2011 7:14am May 2, 2011 7:14am
Quoting dean
Rather than me attempting to align myself with eelfranz's time zone (I am in SYdney, Australia) can anyone tell me what session he trades?? I THINK its the London session which starts at 5pm our time. We are GMT+10.
I think it would be easier if everyone new which session he traded and align their trading to that??? maybe??
hi Dean
Look at post 11 and you will see the times that Eelfranz trades. He is on west coast USA and trades from 10 pm his time, or 6 am UK time

Fred
  • #919
  • May 2, 2011 7:19am May 2, 2011 7:19am
Well guys,

I just woke up and liquidated out of my short position on the
aud/usd for a small loss of $19.00 .

Very small candles with no volume. No doubt due to the
banking holiday in the UK.

As Eelfranz said earlier he will set his trades Tuesday night
and skip trading today. So we can take this as a learning session
and learn from this.

What did you learn from this little experience?

snarlyjack
  • #920
  • May 2, 2011 7:21am May 2, 2011 7:21am
I took the EU long. I'm thinking it will at least hit the last long resistance (before going short if it goes short), which is about 40 pips from my entry.

Though with BOE closed it may very well just sit until some US news comes to give it a nudge.
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