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  • #10,441
  • Aug 23, 2011 2:50am Aug 23, 2011 2:50am
E/U finally looks like it has broken the 4420 resistance. So where now???

There is resistance at 4485 or it might consolidate back to the now support level of 4420.
  • #10,442
  • Aug 23, 2011 3:01am Aug 23, 2011 3:01am
just my trade for today...strong buy signal..
Attached Image
  • #10,443
  • Aug 23, 2011 3:54am Aug 23, 2011 3:54am
Eelfranz! Many thanks for your work. I will be glad to join you. I apologize for the bad English.
  • #10,444
  • Aug 23, 2011 3:54am Aug 23, 2011 3:54am
Tight setup yesterday on eur/jpy at around 00:00 GMT

http://i52.tinypic.com/2elcirq.gif

Put my S/L at 110.15 and TP at 110.95

Trade came good this morning so made +60 pips as I slept

http://i54.tinypic.com/sgqwkm.gif

Tight S/L allowed me to increase the lot size so turned out to be a very profitable trade.
  • #10,445
  • Aug 23, 2011 4:03am Aug 23, 2011 4:03am
Quoting brettboz
E/U finally looks like it has broken the 4420 resistance. So where now???

There is resistance at 4485 or it might consolidate back to the now support level of 4420.
Could I have nailed the resistance more precisely???? Top of 4485.7. Now moving down off the resistance. 1H ticking over cross could come at the end of this hour (10 GMT).
  • #10,446
  • Aug 23, 2011 4:05am Aug 23, 2011 4:05am
Quoting brettboz
Could I have nailed the resistance more precisely???? Top of 4485.7. Now moving down off the resistance. 1H ticking over cross could come at the end of this hour (10 GMT).
I should also point out I probably won't take the short unless it looks very strong. 4420 is in support and it might just be consolidating before moving on the 4485 resistance. We will see........
  • #10,447
  • Aug 23, 2011 4:08am Aug 23, 2011 4:08am
will be looking for shorts soon. not yet but soon....

hapipipin
dreams do come true.
  • #10,448
  • Aug 23, 2011 4:17am Aug 23, 2011 4:17am
Quoting wannaberich
will be looking for shorts soon. not yet but soon....

hapipipin
shorts on X/USD pairs?

There is a nice setup forming on nzd/usd for a short. I'm waiting for intersection of tdi for confirmation. Divergence forming which is signalling a reversal.
  • #10,449
  • Aug 23, 2011 4:20am Aug 23, 2011 4:20am
Quoting brettboz
Could I have nailed the resistance more precisely???? Top of 4485.7. Now moving down off the resistance. 1H ticking over cross could come at the end of this hour (10 GMT).
hello,

U have any indicator that sets the resistance ? cause FiboPiv_v2 , the indicator i use, does not show that resistance. show's 1.4465 and 2 more : 1.4432, 1.4411.

And i have the peak at 4485,1 not 4485.7, strange.
What next with e/u ? i see H1 flat, maybe hook down?.

Happy trading !
If you want to make God laugh, tell him about your plans. Woody Allen
  • #10,450
  • Aug 23, 2011 4:30am Aug 23, 2011 4:30am
Quoting Erebus
Well, with only 7 posts, you are not expected to know this, you don't have to go through all the posts, all attachments are in 1 easy to access place we call the PAPERCLIP, see picture for instructions, try it, you will like, and pass on the information

C'est La Vie
LoL! And I thought I knew everything about forums...
Thank you for the explanation!
  • #10,451
  • Aug 23, 2011 4:33am Aug 23, 2011 4:33am
Dear All, I am highly impressed with this system & I believe it .I am novice. But whenever I am doing trade with this ,I find myself on LATE entries & cannot make pips but suffer loss. I dont understand where I am going wrong...If somebody just post rules again more clearly I will appreciate....happy pippin..
  • #10,452
  • Aug 23, 2011 4:41am Aug 23, 2011 4:41am
but might take some time still.

i will start with a scalp on the 5m (on a different system) until i got valid signals on the 1h with TMS system.

we could still go to some pips above 1.45 on the EU and i must admit i am not totally confortable shorting here...

Quoting esco20
shorts on X/USD pairs?

There is a nice setup forming on nzd/usd for a short. I'm waiting for intersection of tdi for confirmation. Divergence forming which is signalling a reversal.
dreams do come true.
  • #10,453
  • Aug 23, 2011 4:54am Aug 23, 2011 4:54am
Potential NZD/USD short trade on the 1H in the making. Anyone else looking at this?
The horizontal line are some potential supports made with both previous S&R and Fibos. Let's see how it evolves.

http://i1190.photobucket.com/albums/...eurusd1h-1.gif
  • #10,454
  • Aug 23, 2011 5:02am Aug 23, 2011 5:02am
Quoting alkenany
closed the short with+40 pips, entered now long 4370 H1 TF
closed +120 pips @4490. waiting for another setting
  • #10,455
  • Aug 23, 2011 5:09am Aug 23, 2011 5:09am
Quoting alkenany
closed +120 pips @4490. waiting for another setting
Nice trading mate
  • #10,456
  • Aug 23, 2011 5:12am Aug 23, 2011 5:12am
Quoting shabba
hello,

U have any indicator that sets the resistance ? cause FiboPiv_v2 , the indicator i use, does not show that resistance. show's 1.4465 and 2 more : 1.4432, 1.4411.

And i have the peak at 4485,1 not 4485.7, strange.
What next with e/u ? i see H1 flat, maybe hook down?.

Happy trading !
I use no indicators for S/R other than price. You need to get a 4H chart draw trend lines and horizontal lines on areas where price has repeatedly reacted. It takes time and experience to get it right. Take this 4485 resistance that is being tested now. This is a trend line down from the end of June. Breaking this will change the overall bearish trend (and we are talking daily and even weekly now).

Will it be broken now.... I don't know, I think first we will see a retrace back to some support level before another attempt. But I don't trade on assumptions, I will wait for the confirmation (in my case the TDI or some other swing indicator).

I know resistance is there, I know price may react to it (because thousands of other traders and institutions are watching the same thing I am). I am looking for a signal that the reaction is happening (TDI using TMS rules) and then I am in.

This is really why first before taking the trade you need to look left (something the owner of this thread has stated several times in the past).
  • #10,457
  • Aug 23, 2011 5:15am Aug 23, 2011 5:15am
Quoting brettboz
I should also point out I probably won't take the short unless it looks very strong. 4420 is in support and it might just be consolidating before moving on the 4485 resistance. We will see........
Resistance was almost spot on 4500....round number. Zoom your chart out and you will see how common this is.
  • #10,458
  • Aug 23, 2011 5:24am Aug 23, 2011 5:24am
USDCAD 1hr trade brewing up maybe...
Attached Image
  • #10,459
  • Aug 23, 2011 5:24am Aug 23, 2011 5:24am
Quoting dean
Resistance was almost spot on 4500....round number. Zoom your chart out and you will see how common this is.
There is a natural resistance at 4500 yes (there always is at round numbers), but zoom yours out and put the trend line in. Also break resistance is not just spiking it. It needs to break it and hold above it. This trend line has been spiked 4 times now. It is still active and is holding price here for the moment.
  • #10,460
  • Aug 23, 2011 5:28am Aug 23, 2011 5:28am
Quoting popeyeuk
Nice trading mate
popeyeuk
thanks mate
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