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  • #10,221
  • Aug 18, 2011 1:20am Aug 18, 2011 1:20am
Quoting Britpip7
Time for another run at eu to see if it finally pulls south from 1.4400
You're entering on the 4th candle - no trade
  • #10,222
  • Aug 18, 2011 2:19am Aug 18, 2011 2:19am
Quoting dean
You're entering on the 4th candle - no trade
Wouldn't that actually be the 2nd candle? Since the first candle (set up candle) would be after the MA?
  • #10,223
  • Aug 18, 2011 2:23am Aug 18, 2011 2:23am
Quoting Flamegs23
Wouldn't that actually be the 2nd candle? Since the first candle (set up candle) would be after the MA?
nope.......canlde number is the colour change
  • #10,224
  • Aug 18, 2011 2:54am Aug 18, 2011 2:54am
Quoting dean
You're entering on the 4th candle - no trade
hi dean
what did bigE said that we should enter on first or second candle, does that mean first candle cloesd red regadless EMA5 or the first one after croosing EMA, just want to make sure, thanks
  • #10,225
  • Aug 18, 2011 3:17am Aug 18, 2011 3:17am
Think my entry was to early but the trade is rolling now EU +30 and counting
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  • #10,226
  • Aug 18, 2011 3:24am Aug 18, 2011 3:24am
How does this look for a possible trade guy's?
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  • #10,227
  • Aug 18, 2011 3:26am Aug 18, 2011 3:26am
Im in too!!!
  • #10,228
  • Aug 18, 2011 3:28am Aug 18, 2011 3:28am
Quoting sabams
Think my entry was to early but the trade is rolling now EU +30 and counting
I watched this, but at entry it was pretty flat. Theres resistance at 4885 if it gets that far...
  • #10,229
  • Aug 18, 2011 3:35am Aug 18, 2011 3:35am
Quoting alkenany
hi dean
what did bigE said that we should enter on first or second candle, does that mean first candle cloesd red regadless EMA5 or the first one after croosing EMA, just want to make sure, thanks
Ignore the ema...it means the first or second reversal candle...as in the change of colour....so you check the candle first..if there has only been one or two reversal candles (at the opening of each candle) THEN you see if the tdi has crossed.
see chart for first reversal candle....colour change.... now we wait and see if the tdi crosses and at what angle etc etc.
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  • #10,230
  • Aug 18, 2011 3:38am Aug 18, 2011 3:38am
Quoting brettboz
I watched this, but at entry it was pretty flat. Theres resistance at 4885 if it gets that far...
If it gets to 4885 he will be rich....what figure did you mean??
  • #10,231
  • Aug 18, 2011 3:40am Aug 18, 2011 3:40am
Quoting popeyeuk
How does this look for a possible trade guy's?
I'm in too ... my first ever real money trade ... scary!!

But I just have to let it run. It seems so slow moving ...

Wasn't quite the ideal entry criteria for me, but within the region where I still usually get good results.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #10,232
  • Aug 18, 2011 3:41am Aug 18, 2011 3:41am
Quoting dean
If it gets to 4885 he will be rich....what figure did you mean??
Sorry 4485
  • #10,233
  • Aug 18, 2011 3:46am Aug 18, 2011 3:46am
Quoting dean
Ignore the ema...it means the first or second reversal candle...as in the change of colour....so you check the candle first..if there has only been one or two reversal candles (at the opening of each candle) THEN you see if the tdi has crossed.
see chart for first reversal candle....colour change.... now we wait and see if the tdi crosses and at what angle etc etc.
thanks dean
best regards
  • #10,234
  • Aug 18, 2011 3:48am Aug 18, 2011 3:48am
Quoting antantnz
I'm in too ... my first ever real money trade ... scary!!

But I just have to let it run. It seems so slow moving ...

Wasn't quite the ideal entry criteria for me, but within the region where I still usually get good results.
It actually looks a pretty good trade to me....its bounced off a strong trendline too. Be nice if it can punch through 4450 and make it up close to the last swing high.....good 50-70 pips in that.
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  • #10,235
  • Aug 18, 2011 3:52am Aug 18, 2011 3:52am
does anyone trade the 4hr charts exclusively. If you do, do you ever leave your trades running longer than the 3 or 4 bars that Big E does. I mean do you ever leave them running say until the TDI crosses over or goes flat etc, this could be many bars later, sometimes even 10 or 12.
  • #10,236
  • Aug 18, 2011 3:58am Aug 18, 2011 3:58am
Quoting popeyeuk
How does this look for a possible trade guy's?
Just be very careful of jpy pairs, if I recall jpy intervention occurred around these levels?

Anyway theres lots of support down here now and you can also look back in Mar to see what happened. Massive divergence also, I'd suggest care.
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  • #10,237
  • Aug 18, 2011 4:03am Aug 18, 2011 4:03am
Quoting dean
It actually looks a pretty good trade to me....its bounced off a strong trendline too. Be nice if it can punch through 4450 and make it up close to the last swing high.....good 50-70 pips in that.
Ah yeah, sorry, i'm in the UJ Short ... having said that, even the EU looks slow moving tonight ...

Dean I was reading your comments last night but thankfully wasn't in the market ...

Quoting littlebunny
The candles don't even bounce. The charts are so still sometimes I wonder if my computer is broken.
Me too ...

Ah well, all good, it is what it is!
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #10,238
  • Aug 18, 2011 4:06am Aug 18, 2011 4:06am
Quoting Vantage
Just be very careful of jpy pairs, if I recall jpy intervention occurred around these levels?

Anyway theres lots of support down here now and you can also look back in Mar to see what happened. Massive divergence also, I'd suggest care.
Hi again all.. Yes Vantage that's good advice.. We are now on candle 3 and there is not much strength in the move.. Green TDI is starting to turn up.
  • #10,239
  • Aug 18, 2011 4:12am Aug 18, 2011 4:12am
Sorry I have been rude not introducing myself. I am from UK been trading for a number of years but I never yet found a style that suits me well. I have been reading this thread on and off for a goo old while, lurking so to speak lol.

This method is nice and simple and I'd like to thank Big E and all the contributor's on here for all the input. I will try to contribute as time allows..

Cheers
Steve
  • #10,240
  • Aug 18, 2011 4:14am Aug 18, 2011 4:14am
SO I imagine everyone is out of that EU trade...tdi has reversed along with PA.....I must be geting something drastically wrong.....it looked good to me.
I would love to hear the experienced guys here explain what went wrong with this.....for some reason I have a knack for jumping in on the strong candles that then proceed to reverse completely.
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