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  • #4,921
  • Jun 7, 2011 6:12pm Jun 7, 2011 6:12pm
Quoting KCV
Hello All Dreamers like me

Looks like a buy signal on Gbp/Jpy (1hr).

Will post the chart soon.

Any comments?

KC
Here is the chart...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_jpy(1hr)_06_07_2011_7pm_est.gif Size: 29 KB
  • #4,922
  • Jun 7, 2011 6:18pm Jun 7, 2011 6:18pm
Quoting KCV
Hello All Dreamers like me

Looks like a buy signal on Gbp/Jpy (1hr).

Will post the chart soon.

Any comments?

KC
Watching it as well. Cautious with the time of day and low volatility. Setup is nice with resistance off the 20 MA on the hourly though. Just my two cents. I think it will range for another couple hours.
  • #4,923
  • Jun 7, 2011 6:22pm Jun 7, 2011 6:22pm
Quoting Rigby1127
Watching it as well. Cautious with the time of day and low volatility. Setup is nice with resistance off the 20 MA on the hourly though. Just my two cents. I think it will range for another couple hours.

I agree, I can see lot of resistance near 131.95.

May be a break out at 8Pm.

Here is a question for all my teachers.

I see resistance near 131.95. If I wait then I will break the 2-3 candle rule.

So what you will do on this particular instance.


Thanks.
KC.
  • #4,924
  • Jun 7, 2011 6:45pm Jun 7, 2011 6:45pm
Looks like Eur/Jpy is also a chance for Buy.

No resistance near by.

8Pm will be interesting.

KC.
  • #4,925
  • Jun 7, 2011 6:51pm Jun 7, 2011 6:51pm
Quoting KCV
I agree, I can see lot of resistance near 131.95.

May be a break out at 8Pm.

Here is a question for all my teachers.

I see resistance near 131.95. If I wait then I will break the 2-3 candle rule.

So what you will do on this particular instance.


Thanks.
KC.
If the trade isn't there then you look for another one. There are plenty of better opportunities if you have issues with one in particular. Easy to say huh?
  • #4,926
  • Jun 7, 2011 6:57pm Jun 7, 2011 6:57pm
Quoting Rigby1127
If the trade isn't there then you look for another one. There are plenty of better opportunities if you have issues with one in particular. Easy to say huh?
True. Its so tempting. Cant trade in the day time (Work) and when I come back home the market is so slow.

So just dont want to miss if there is a valid trade.

But, I totally agree with you why to trade with a doubt.

Thanks for your comments.

KC.
  • #4,927
  • Jun 7, 2011 7:27pm Jun 7, 2011 7:27pm
Quoting KCV
True. Its so tempting. Cant trade in the day time (Work) and when I come back home the market is so slow.

So just dont want to miss if there is a valid trade.

But, I totally agree with you why to trade with a doubt.

Thanks for your comments.

KC.
No problem. Hope they helped!
  • #4,928
  • Jun 7, 2011 7:29pm Jun 7, 2011 7:29pm
any thoughts on a buy entry on M30?
"To live with Passion, it takes Courage and Grace to survive"
  • #4,929
  • Jun 7, 2011 9:48pm Jun 7, 2011 9:48pm
Here's one worth looking at in my opinion. tdi coming out from above 68, stochs coming out from way overbought, great tdi angle. This is the 4 hour chart.
Negatives are: going against daily trend, however last pullback on H4 was 4 candles with a high to low of about 100 pips and the current daily candle is smaller than yesterdays with a flat tdi suggesting a possible reversal on the daily, and the other is the resistance it is at right at the moment....it is sitting on 1.4650.....but if it can break below that level there is not much resistance unti around 1.45 bar even numbers. Could be worth a look next candle.
All comments welcome
Attached Image (click to enlarge)
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  • #4,930
  • Jun 7, 2011 9:55pm Jun 7, 2011 9:55pm
I have been keeping an eye on this one,
Attached Image (click to enlarge)
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  • #4,931
  • Jun 7, 2011 10:03pm Jun 7, 2011 10:03pm
Quoting davlo
I have been keeping an eye on this one,
Attachment
My chart shows that the current candle is the second blue candle so too late to trade it now. I dont know why yours is different??
Attached Image (click to enlarge)
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  • #4,932
  • Jun 7, 2011 10:07pm Jun 7, 2011 10:07pm
Quoting dean
My chart shows that the current candle is the second blue candle so too late to trade it now. I dont know why yours is different??
Im not sure, my time for new candle is 11pm CST
  • #4,933
  • Jun 7, 2011 10:10pm Jun 7, 2011 10:10pm
Quoting dean
My chart shows that the current candle is the second blue candle so too late to trade it now. I dont know why yours is different??
i will probably not take though, hourly is not jiving well with this one, will wait and hopefully get a chance during hour number 2
  • #4,934
  • Jun 7, 2011 10:39pm Jun 7, 2011 10:39pm
Quoting dean
Here's one worth looking at in my opinion. tdi coming out from above 68, stochs coming out from way overbought, great tdi angle. This is the 4 hour chart.
Negatives are: going against daily trend, however last pullback on H4 was 4 candles with a high to low of about 100 pips and the current daily candle is smaller than yesterdays with a flat tdi suggesting a possible reversal on the daily, and the other is the resistance it is at right at the moment....it is sitting on 1.4650.....but if it can break below that level there is not much resistance...

I think everything is in line; however I would be nervous taking this trade due to counter trend. Also it seems like its hitting support at 1.46460, if it breaks it, I would wait for it to retest that resistance, and then take short entry . That’s just mine 2 cents for whatever is worth.
  • #4,935
  • Jun 7, 2011 10:48pm Jun 7, 2011 10:48pm
Quoting dean
Here's one worth looking at in my opinion. tdi coming out from above 68, stochs coming out from way overbought, great tdi angle. This is the 4 hour chart.
Negatives are: going against daily trend, however last pullback on H4 was 4 candles with a high to low of about 100 pips and the current daily candle is smaller than yesterdays with a flat tdi suggesting a possible reversal on the daily, and the other is the resistance it is at right at the moment....it is sitting on 1.4650.....but if it can break below that level there is not much resistance...
The hourly doesnt suggest a strong breakout, what about waiting to see some more bullish candles?
  • #4,936
  • Jun 7, 2011 11:12pm Jun 7, 2011 11:12pm
Took a short position on the EurUsd 4 hr, entry 2 minutes after new 4 hr candle, TDI green crossed red.
Risky trade going against the trend, kept tabs on it for about an hour. Was not comfortable letting it run on the 4 hr time frame. When the 1 hr chart showed it going oversold, took the exit for 16 pips. Looks like there was another 12 pips after my exit on that candle.
Attached Image(s) (click to enlarge)
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  • #4,937
  • Jun 7, 2011 11:33pm Jun 7, 2011 11:33pm
Put on long trade UsdCad 4hr, start of new 4 hr candle, Tdi green crossed red.
Closed it a little premature for 14 pips when price faltered for a bit at a resistance line.
  • #4,938
  • Jun 7, 2011 11:37pm Jun 7, 2011 11:37pm
Quoting idig4it
Put on long trade UsdCad 4hr, start of new 4 hr candle, Tdi green crossed red.
Closed it a little premature for 14 pips when price faltered for a bit at a resistance line.
forgot the charts....
Attached Image(s) (click to enlarge)
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  • #4,939
  • Jun 8, 2011 1:50am Jun 8, 2011 1:50am
Quoting idig4it
Put on long trade UsdCad 4hr, start of new 4 hr candle, Tdi green crossed red.
Closed it a little premature for 14 pips when price faltered for a bit at a resistance line.
If I were you I would not enter the trade. Why? Because I think TDI was a little below or in the center of 50 area, it would be better to see TDI at 32 or so area. And overall looking at 1H 4H and Daily it looks like its going sideways. Im not pro just my $0.10
Lybi lydey, lybi vragov.
  • #4,940
  • Jun 8, 2011 2:02am Jun 8, 2011 2:02am
What do you reckon the ideal slope and channel size is for a trade?
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