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  • #10,301
  • Aug 19, 2011 2:45am Aug 19, 2011 2:45am
Quoting sabams
anyone long on this pair audusd
eurusd go down, i think is dangerous go long on audusd
  • #10,302
  • Aug 19, 2011 2:47am Aug 19, 2011 2:47am
You may be right, seems too soon to tell though.

Tricky thing with your TDI indi. It changes with the current candle, but until the candle closes you don't know how it will finish up. Could change from an up candle to a down candle. Think of it as an allusion!
Good Trading
  • #10,303
  • Edited 3:42am Aug 19, 2011 2:55am | Edited 3:42am
Quoting sabams
Anyone long on this pair AUDUSD
Looks like another London opening headfake. Ask Dean about these - or maybe not, unless you want a barrage of f***s and b******s! Finding it best at the moment to completely avoid the London 8.00am candle... let it run another hour or two for the morning's momentum to establish itself. (Or doesn't, as the case may be.) Oh and it's Friday too. Could be a difficult day out there. Another difficult day.
  • #10,304
  • Aug 19, 2011 3:50am Aug 19, 2011 3:50am
Thanks for the quick reply Dean. I had also asked whether one needs to book out if the green line turns parallel post its xover even if the candles remain the same colour ( red for shorts and white for longs) ?

And one more I have a green xover (for a short ) angle good , candle good on silver 15 min ( testing) BUT the xover is on a white HA candle which has been followed by a red HA candle. So do I enter at the xover OR enter only when the xover is on the correct candle colour.

regards


Hi and welcome.
I dont trade gold or silver but I believe this method works. And no....entry guidelines are clear...green crosses red at an acute angle, no small candles and not running parallel.[/quote]
  • #10,305
  • Aug 19, 2011 4:11am Aug 19, 2011 4:11am
based on the 1h: EU, GU, EJ and AU.

we are a little stretched to the upside so i was going to wait for a retrace on a smaller TF to get in. but then i chose to take the signal as i got (with a bigger than i like SL) and not try to be a smart ass! LOL

green pips

WBR
dreams do come true.
  • #10,306
  • Aug 19, 2011 4:19am Aug 19, 2011 4:19am
Quoting DaveUK
Looks like another London opening headfake. Ask Dean about these - or maybe not, unless you want a barrage of f***s and b******s! Finding it best at the moment to completely avoid the London 8.00am candle... let it run another hour or two for the morning's momentum to establish itself. (Or doesn't, as the case may be.) Oh and it's Friday too. Could be a difficult day out there. Another difficult day.
E/U is a mess, there was actually cross long, short and long again. The initial long looked reasonable but for the small movements. It then went south breaking the 4280 support, but not the 200EMA support. It now has turned again, and this to me is the real move.

BUT I wonder how far. 4360 looks good as resistance, lets see what it does around that level.
  • #10,307
  • Aug 19, 2011 5:29am Aug 19, 2011 5:29am
Quoting brettboz
E/U is a mess, there was actually cross long, short and long again. The initial long looked reasonable but for the small movements. It then went south breaking the 4280 support, but not the 200EMA support. It now has turned again, and this to me is the real move.

BUT I wonder how far. 4360 looks good as resistance, lets see what it does around that level.
Looks like setting up now for another move down 4270 is up for grabs if it falls then there is a fair amount of room between the next support, it might stall before it even reaches there.

Im still flat, a promising short might be taken though if it ever shows up...
  • #10,308
  • Aug 19, 2011 5:34am Aug 19, 2011 5:34am
Quoting brettboz
E/U is a mess, there was actually cross long, short and long again. The initial long looked reasonable but for the small movements. It then went south breaking the 4280 support, but not the 200EMA support. It now has turned again, and this to me is the real move.

BUT I wonder how far. 4360 looks good as resistance, lets see what it does around that level.
your right there!, EU is the main pair i trade and its been choppy the last few hours, Jumped into some Gold & Sliver Trades a few days ago and done very well, so guess that makes up for it
  • #10,309
  • Aug 19, 2011 5:41am Aug 19, 2011 5:41am
Quoting Forest-Sea
Quite right.

This is an excellent on-point forum. I didn't mean to disturb what is working so well.


Forest
Read my 9306 post on lengthening trades. Add to positions according to your rules. Never add a new position if previous position(s) aren't at BE.
  • #10,310
  • Aug 19, 2011 5:53am Aug 19, 2011 5:53am
Quoting dean
I notice you are using the tdi and I am using the watchdog, which is just a different version. .
Hi Dean, where can I get "Watchdog"???
"It always seems impossible until it is done" Nelson Mandela
  • #10,311
  • Aug 19, 2011 6:17am Aug 19, 2011 6:17am
Quoting Rhino101
Hi Dean, where can I get "Watchdog"???
Hi mate Watchdog is in the zipfile attached to this post.

http://www.forexfactory.com/showthre...10#post4871510
  • #10,312
  • Aug 19, 2011 6:28am Aug 19, 2011 6:28am
Quoting tomthepoppop
I am in the US - eastern time zone. I find the best time to trade and catch some really good moves are from about 2-3 hours after the London Open until 2 - 3 hours after the New York Open. So thats 5am until 11am eastern time zone in the US. Hope that helps. Look at your charts and see what you think based on the moves at those and other timeframes. Good trading popeyeuk.
Thanks for that mate.. I'll check it out..
  • #10,313
  • Aug 19, 2011 7:38am Aug 19, 2011 7:38am
Quoting DaveUK
Looks like another London opening headfake. Ask Dean about these - or maybe not, unless you want a barrage of f***s and b******s! Finding it best at the moment to completely avoid the London 8.00am candle... let it run another hour or two for the morning's momentum to establish itself. (Or doesn't, as the case may be.) Oh and it's Friday too. Could be a difficult day out there. Another difficult day.
You f*&in rude B*&stard Dave
I have to admit though....this week has been tough...I have been faked 4 times
  • #10,314
  • Aug 19, 2011 7:39am Aug 19, 2011 7:39am
Quoting Rhino101
Hi Dean, where can I get "Watchdog"???
you dont want one if your tdi is working...trust me dont change what is working for you
  • #10,315
  • Edited 7:55am Aug 19, 2011 7:54am | Edited 7:55am
Quoting dean
You f*&in rude B*&stard Dave
I have to admit though....this week has been tough...I have been faked 4 times
Dean I am seriously considering giving Lon open a complete miss until 9 am gmt candle has closed. I have been mentally boycotting trades early for a while but the temptation is always there. For some time now the better trades have come during Lon morning/early US overlap.

That of course may change in future, perhaps its the current mess the world finds itself in at the mo and UK traders not willing to push vol's through. Who knows.

The old adage is I cannot control what the market can do I can only control what I will do. For now it seems I need to avoid LO.
  • #10,316
  • Aug 19, 2011 7:57am Aug 19, 2011 7:57am
Here is a 1 Hr GBP/USD and 1 HR AUS/USD chart for a couple of modest scalps this morning.

Good signal on both pairs. There were 8 possible trades on my platform at the time I took these 2.

One lot each for 1 ATR profit targets.

Great cross up of the MBL at the 50 on the GBP/USD.

Bullish divergence off a double bottom on the AUS/USD.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 hr gbp usd 8.19.2011.gif Size: 29 KB
Click to Enlarge Name: 1 hr aus usd 8.19.2011.gif Size: 34 KB
  • #10,317
  • Aug 19, 2011 7:57am Aug 19, 2011 7:57am
Quoting tomthepoppop
I am in the US - eastern time zone. I find the best time to trade and catch some really good moves are from about 2-3 hours after the London Open until 2 - 3 hours after the New York Open. So thats 5am until 11am eastern time zone in the US. Hope that helps. Look at your charts and see what you think based on the moves at those and other timeframes. Good trading popeyeuk.
Sorry just caught up with your post now, thats a plan.
  • #10,318
  • Aug 19, 2011 7:59am Aug 19, 2011 7:59am
Took a trade on H4 of crude oil. Green crossover red . good angle. Steeply down red candles. saw a white and a cross over . Stoch at 37. The price is not slowly moving against the trade though the white candle is still intact.

Do I wait for the next 4 hrs or should i exit when i take a hit for xxx number of USD.
  • #10,319
  • Aug 19, 2011 8:15am Aug 19, 2011 8:15am
I finally ended up long E/U. It crossed on 4H and 1H at same time and looks good so far. 4420 is the next resistance, if it looks like it might hold then will consider shorting it otherwise will hold long and see if we can go for 4485.
  • #10,320
  • Aug 19, 2011 8:24am Aug 19, 2011 8:24am
Another huge thread!
Is there anybody here can show his/her successful trade performance in FF's trade explorer?
That will encourage everybody to read this huge thread.

I just read through first 40 pages(tough job). It looked like Big E added several conditions here and there to this method. I am really confused. It looks like this strategy depends on experience, still a little bit subjective.

and also I can't figure out the average pips of stop loss and take profit. If anybody can show his performance in trade explorer, then we can figure it out easily.

By the way, in Forexfactory 's trade explorer, the best performance is around 1000% profit. acturally, around 10% trader can do it by chance. So it's not that amazing.
In another thread "choros system", kostas1 mentioned he already made more than 50000% from his strategy, but he never wanna show his performance.
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