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  • #8,821
  • Jul 26, 2011 6:01am Jul 26, 2011 6:01am
XxLessoxX
Quote
I saw this one as i like the kiwi because it trends so well, which is why i didnt take that trade, I dont like counter trend trades on that pair.

I was also considering that this was a new structure and price high, and with the divergence, and the double top, the trend momentum was over.
This pair has been on an unbelievable up trend long term and the bottom line here is that counter trend trades are about 50/50, even with good set ups.
  • #8,822
  • Jul 26, 2011 6:03am Jul 26, 2011 6:03am
The basic trading system is to make money by buying at low prices and selling at higher prices to gain a profit. There are risks always involved in any money making system so that do care in fast trading.
  • #8,823
  • Edited 8:27am Jul 26, 2011 6:16am | Edited 8:27am
Quoting dcginc
XxLessoxX

I was also considering that this was a new structure and price high, and with the divergence, and the double top, the trend momentum was over.
This pair has been on an unbelievable up trend long term and the bottom line here is that counter trend trades are about 50/50, even with good set ups.
agree. The double top had me almost convinced that the uptrend was over, I was 50/50 on taking it or not. Also, with the nice little angle of the Tdi I was really considering a pending order 5 pips plus spread below that candle that closed below the 5EMA. My indi gave me a signal there but my prejudice for that pair just kept me out. If you use the 5ema in your decisions thenmaybe this indi will come in handy....
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  • #8,824
  • Jul 26, 2011 6:20am Jul 26, 2011 6:20am
Quoting jennypeters
The basic trading system is to make money by buying at low prices and selling at higher prices to gain a profit. There are risks always involved in any money making system so that do care in fast trading.
thanks
  • #8,825
  • Jul 26, 2011 6:45am Jul 26, 2011 6:45am
Can't fault your entry. NZDUSD had divergence up the kazoo -- and still does. Don't think we've been in a normal market this week. US, Euro fundamentals on top of summer volume. I plan to fish for a NZDUSD sell, but won't risk much until September.
  • #8,826
  • Jul 26, 2011 7:55am Jul 26, 2011 7:55am
Quote
ihelfman I plan to fish for a NZDUSD sell, but won't risk much until September.

I will continue to watch the pair for the bearish rotation and try to short again.
  • #8,827
  • Jul 26, 2011 8:39am Jul 26, 2011 8:39am
I see a lot of people asking about news and its effect on trades. Using this method to enter a trade it is crucial that the angle is steep on the tdi and stochs and the HA candles are strong....that is the absolute basics of this method and the initial indication that a trade could be on.
ALWAYS check for news coming out....particularly the red flagged news on this website (high impact).
These strong candles and steep angles on our tdi are often caused by a news item that has been issued and the figures are not what was expected. Big variations in these figures can trigger our PA into action and tilt our tdi to the angles we seek, so checking news should be part of your basic assessment prior to pulling the trigger.
  • #8,828
  • Jul 26, 2011 8:54am Jul 26, 2011 8:54am
Quoting dean
nope he is usually asleep...he sets his alarm to wake him about 10 minutes before each 4 hour candle opens
That's what I thought, but I noticed a few times yesterday the TDI went flat and even flipped on a few of the charts.
  • #8,829
  • Jul 26, 2011 8:56am Jul 26, 2011 8:56am
AU long @ 0943
  • #8,830
  • Jul 26, 2011 9:01am Jul 26, 2011 9:01am
Nice signals at G/U, A/U and U/C H1. Check it out.
  • #8,831
  • Jul 26, 2011 9:05am Jul 26, 2011 9:05am
Quoting Fitness09
AU long @ 0943
Long?? what chart are you looking at??
  • #8,832
  • Jul 26, 2011 9:07am Jul 26, 2011 9:07am
My 1HR shows good short at present AU - long is not as per BigE recommendations, too many candles already. Am I missing something?
Leona

Quoting Fitness09
AU long @ 0943
  • #8,833
  • Jul 26, 2011 9:08am Jul 26, 2011 9:08am
Quoting RogerVF
Nice signals at G/U, A/U and U/C H1. Check it out.
against the trend on all of them...and it would be dangerous betting against them today....they have been very strongly bullish.
Plus the AU GU candles look a little weak. Decent tdi angles and areas though.
  • #8,834
  • Jul 26, 2011 9:09am Jul 26, 2011 9:09am
On the 1 HR there is a short set up, now 3rd candle in, I'm afraid. However, it could be the short on 4HR, tho the London session closes soon.


Quoting dcginc
I will continue to watch the pair for the bearish rotation and try to short again.
  • #8,835
  • Jul 26, 2011 9:09am Jul 26, 2011 9:09am
Quoting leonaforex
My 1HR shows good short at present AU - long is not as per BigE recommendations, too many candles already. Am I missing something?
Leona
no you ae spot on....I dont know where the long trade is. Dangerous shorting these today though...be careful its against the trend and they are strongly bullish today
  • #8,836
  • Jul 26, 2011 9:13am Jul 26, 2011 9:13am
Comments are welcome!
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  • #8,837
  • Jul 26, 2011 9:19am Jul 26, 2011 9:19am
Quoting dean
Long?? what chart are you looking at??
No I shorted. I must have been looking at a pair I was thinking of going long and typed it by mistake. I was only looking for 10 to 20, and then play the bounce back in to the uptrend. I am out with 10 pips.
  • #8,838
  • Jul 26, 2011 9:34am Jul 26, 2011 9:34am
Quoting dean
against the trend on all of them...and it would be dangerous betting against them today....they have been very strongly bullish.
Plus the AU GU candles look a little weak. Decent tdi angles and areas though.

Dear Dean, do you mind posting a few good tdi angles & a few bad ones just for revision ? & exactly how you determine these ( i know about 12-2 & 4-6 but would really appreciate a refresher )

  • #8,839
  • Jul 26, 2011 9:42am Jul 26, 2011 9:42am
Quoting heynjea
Dear Dean, do you mind posting a few good tdi angles & a few bad ones just for revision ? & exactly how you determine these ( i know about 12-2 & 4-6 but would really appreciate a refresher )

Easiest way is to use your cross hatch on the platform...put it over the green line like a clock. Red arrows are bad angles, white arrows are good ones...they are obvious when they happen.
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  • #8,840
  • Jul 26, 2011 9:44am Jul 26, 2011 9:44am
Quoting heynjea
Dear Dean, do you mind posting a few good tdi angles & a few bad ones just for revision ? & exactly how you determine these ( i know about 12-2 & 4-6 but would really appreciate a refresher )

good angle forming on the EU 15 minute chart right now
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