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  • #3,481
  • May 22, 2011 4:45pm May 22, 2011 4:45pm
I love this thread as I have been following it for a little more than a week. On the daily charts, the E/U looks like a potential TDI cross downward. Am I reading the chart correctly? Is it a good set up or would it be jumping the gun? Thanks in advance.
  • #3,482
  • May 22, 2011 5:06pm May 22, 2011 5:06pm
Quoting Flatrader
I love this thread as I have been following it for a little more than a week. On the daily charts, the E/U looks like a potential TDI cross downward. Am I reading the chart correctly? Is it a good set up or would it be jumping the gun? Thanks in advance.
If there is no signal why would you want to take the trade? What are you seeing? Trade what you see not what potentially is or isn't there.

Take a look at some of the method rules Dean made up below then decide if you have a trade or not as per the rules.

http://www.forexfactory.com/showpost.php?p=4601094
  • #3,483
  • May 22, 2011 5:37pm May 22, 2011 5:37pm
Dont mind the PinBar off my marked resistance. See how it goes.
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  • #3,484
  • May 22, 2011 5:59pm May 22, 2011 5:59pm
Quoting hawaii5000
Dont mind the PinBar off my marked resistance. See how it goes.
That looks like a really sexy trade!
  • #3,485
  • May 22, 2011 6:15pm May 22, 2011 6:15pm
Quoting hawaii5000
Dont mind the PinBar off my marked resistance. See how it goes.
When does your 4 hour candle start mate? Mines in 45 minutes (but thats just me) just for reference. Cheers.
FF journal: Peaks and Troffs
  • #3,486
  • Edited 6:46pm May 22, 2011 6:30pm | Edited 6:46pm
Quoting hawaii5000
Dont mind the PinBar off my marked resistance. See how it goes.
I've gone short AU. Both AU and NZ look like good trades but I think AU will have more bear power.

EDIT: Decided to wait for swing low to be taken out first
  • #3,487
  • May 22, 2011 6:33pm May 22, 2011 6:33pm
Quoting bogus
When does your 4 hour candle start mate? Mines in 45 minutes (but thats just me) just for reference. Cheers.
Hi Bogus - for me, the latest 4 hour candle started at 11am Sydney time (about 30 mins ago).
  • #3,488
  • May 22, 2011 6:38pm May 22, 2011 6:38pm
Quoting ndhoanggia
That looks like a really sexy trade!
Thanks! I am not really a fan of trading on Monday morning, but there seems to be a bit of action. I have trailed this one, in case the market goes back into consolidation mode. I like the USD/JPY also (1H and 4H), but did not post that one - I only want to potentially mislead everyone here one pair at a time...
  • #3,489
  • May 22, 2011 6:39pm May 22, 2011 6:39pm
Quoting hawaii5000
Hi Bogus - for me, the latest 4 hour candle started at 11am Sydney time (about 30 mins ago).
Cool.Thanks.
FF journal: Peaks and Troffs
  • #3,490
  • May 22, 2011 7:06pm May 22, 2011 7:06pm
Quoting plamendp
"Slope: 3.2...


thnx nice work plamen..u all made it really simple
Make money with me
  • #3,491
  • May 22, 2011 7:35pm May 22, 2011 7:35pm
This is an interesting chart - 2 clearly defined channels. No set up yet, but it will probably run once it breaks out.
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  • #3,492
  • May 22, 2011 7:36pm May 22, 2011 7:36pm
hey traders has anyone hear from big E? hope his doing better.
  • #3,493
  • Edited 8:10pm May 22, 2011 7:57pm | Edited 8:10pm
EURGBP H4 looks like it's setting up. Going into a major support area, TDI is flatting out. This is a little early but there's a regular bullish divergence in there as well. If I'm looking for reasons to buy EUR, this is looking good!

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  • #3,494
  • Edited 8:11pm May 22, 2011 8:00pm | Edited 8:11pm
EURJPY H4 is looking interesting as well. 50% retracement of the recent up move, TDI is flatting out.

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  • #3,495
  • May 22, 2011 8:14pm May 22, 2011 8:14pm
Snarlyjack, before going to work tonight, any juicy setup out there for you? Have fun at work sir!
  • #3,496
  • May 22, 2011 9:14pm May 22, 2011 9:14pm
Quoting 2scoops
I set my initial hard stop to a few pips above/below the previous low/high (same as BigE).

I don't automatically move my SL to BE, others use the swiss army knife ea to do this though. Sometimes I move my SL to BE + spread manually though not regularly.

I'm preferring to just use a trailing stop at the moment. I'm experimenting with a trailing stop of 25 on the 1HR and 45 on the 4HR. Seems to work well for me. Then a sensible TP just before the next area of S/R or trend line.
25 is a large trailing stop......as in its a lot of pips to lose if you had closed the trade manually. What sort of TP are you averaging on the hourly
  • #3,497
  • May 22, 2011 9:21pm May 22, 2011 9:21pm
Quoting dean
25 is a large trailing stop......as in its a lot of pips to lose if you had closed the trade manually. What sort of TP are you averaging on the hourly
Big E says he exits when it retraces 10-15 pips. But he also said he uses the swing high/low as SL. A little confussed about which he uses and when.
  • #3,498
  • May 22, 2011 9:31pm May 22, 2011 9:31pm
Quoting hawaii5000
Dont mind the PinBar off my marked resistance. See how it goes.
Saw the same thing...put in trade. Also gu, au,an valid setups on my charts..edit forgot uj
  • #3,499
  • May 22, 2011 10:30pm May 22, 2011 10:30pm
Quoting XxLessoxX
Saw the same thing...put in trade. Also gu, au,an valid setups on my charts..edit forgot uj
which time frame are u talking about? 1 hr TDI is absulately flat?


ps:guys pls mentioned your time frame in every post,makes it easy to scan.
Trade responsiblypatience is the key/Swing trader
  • #3,500
  • May 22, 2011 10:35pm May 22, 2011 10:35pm
This one looks like it might be setting up for a short (USD/CAD) 1hr TF. It's reaching recent highs and the HA candles are becoming shorter. I'll be watching this pair over the next few hours.
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