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Daily Chart Trading Discussion

  • #281
  • Oct 7, 2011 11:34pm Oct 7, 2011 11:34pm
Hello

PBs are seen in many pairs

Isnt it the time to make some quick n good profit next week ?!

cheers
Attached Images
  • #282
  • Oct 8, 2011 5:04am Oct 8, 2011 5:04am
Quoting tradpat
Hello

PBs are seen in many pairs

Isnt it the time to make some quick n good profit next week ?!

cheers
Dollar index also has a bullish pin bar. I will assume that we'll see some continuation moves in the first 2 days of next week. Like you mentioned, PB are good PA to follow. Another one which i follow is bearish Engulfing bars. They have high win probability.
see gold daily chart and lets see what next week brings.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 21 KB
  • #283
  • Oct 8, 2011 5:29am Oct 8, 2011 5:29am
Quoting 50d
Dollar index also has a bullish pin bar. I will assume that we'll see some continuation moves in the first 2 days of next week. Like you mentioned, PB are good PA to follow. Another one which i follow is bearish Engulfing bars. They have high win probability.
see gold daily chart and lets see what next week brings.
i heard a lot about currency indices like USD index. are these indices accurate? or easier to trade than fx?

hope u dont mind how do u trade engulfing candles (comparing to those written in books)

tq
cheers
  • #284
  • Oct 10, 2011 9:29am Oct 10, 2011 9:29am
Quoting tradpat

just notice eur-usd where H1 just shown reversed PB @ RN 1.3500 !!!
will it break down ???
my SLo was hit at BE



Quoting tradpat
Hello

PBs are seen in many pairs

Isnt it the time to make some quick n good profit next week ?!

cheers
the market knocked down almost if all PBs shown on last Friday

anyone know the cause of it today?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-usd sell 7-10 01-1.gif Size: 22 KB
Click to Enlarge Name: eur-usd sell 7-10 91e-1.gif Size: 20 KB
  • #285
  • Oct 10, 2011 9:40am Oct 10, 2011 9:40am
my eur-jpy SLo was hit loss 122 p
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-jpy sell 10-10 01-d.gif Size: 23 KB
Click to Enlarge Name: eur-jpy sell 10-10 91x-d.gif Size: 21 KB
  • #286
  • Oct 12, 2011 6:09am Oct 12, 2011 6:09am
Quoting tradpat
my SLo was hit at BE





the market knocked down almost if all PBs shown on last Friday

anyone know the cause of it today?

...the market can be tricky sometimes. I got confused as well and decided to see the fate of the pinbars on monday. sometimes... these things happens. Pass it and lets move to the next setup and trade.
  • #287
  • Oct 16, 2011 9:54am Oct 16, 2011 9:54am
i buy gbp-usd on thurs on H4 when the bull engulf candle pop up at the middle band, in line with D uptrend... targeting at least 1.600
cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 23 KB
Click to Enlarge Name: gud.gif Size: 24 KB
  • #288
  • Oct 16, 2011 10:11am Oct 16, 2011 10:11am
upon seeing the PB crossing down the SL, i sell usd-cad on H4... it is following the D where 8 and 21 MA crossing down from the middle band... targeting at least 1.000
cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc.gif Size: 21 KB
Click to Enlarge Name: ucd.gif Size: 22 KB
  • #289
  • Oct 16, 2011 10:30am Oct 16, 2011 10:30am
i forgot to mention on the above posts gbp-usd and usd-cad both MB-IB were broken... showing a good chance to further up and down, respectively. let's see how both turn out next week.

i am rather tired for the week due to my work demanding me full attention since last week and the near term... got to rest

cheers
  • #290
  • Oct 16, 2011 3:34pm Oct 16, 2011 3:34pm
Quoting tradpat
i forgot to mention on the above posts gbp-usd and usd-cad both MB-IB were broken... showing a good chance to further up and down, respectively. let's see how both turn out next week.

i am rather tired for the week due to my work demanding me full attention since last week and the near term... got to rest

cheers

Good trading... what do you mean by MB-IB? I also think that we may see some more up side before retracing.
I mainly use the daily candle signals to guide my intraday trades if i have the time to do so. Still working on the pyschology of leaving runners on for a full swing trade. All the same, the last 2 weeks have been good for me.
I am looking at 1.400 on EU and 1.5900 to 1.600 on GU. Time will tell as the charts guide us.

cheers.
  • #291
  • Oct 16, 2011 5:16pm Oct 16, 2011 5:16pm
Quoting 50d
Good trading... what do you mean by MB-IB? I also think that we may see some more up side before retracing.
I mainly use the daily candle signals to guide my intraday trades if i have the time to do so. Still working on the pyschology of leaving runners on for a full swing trade. All the same, the last 2 weeks have been good for me.
I am looking at 1.400 on EU and 1.5900 to 1.600 on GU. Time will tell as the charts guide us.

cheers.
i didnt take the eur-usd. maybe u can share your charts with us to learn.

MB=Maste Bar
IB=Inside Bar
hope the above help.

have a gr8 profitable week

cheers
  • #292
  • Oct 17, 2011 10:09am Oct 17, 2011 10:09am
i manually closed gbp-usd for 20+ p and usd-cad for 80+ p once i saw both candles moved back to critical line in lower tf h4/h1... happy with 100+ p

now waiting for next opp
cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd-cad sell 1310 93p-d.gif Size: 30 KB
Click to Enlarge Name: gbp-usd buy 1310 93p-d.gif Size: 27 KB
  • #293
  • Edited Oct 21, 2011 3:44am Oct 20, 2011 9:07pm | Edited Oct 21, 2011 3:44am
Quoting tradpat
i didnt take the eur-usd. maybe u can share your charts with us to learn.

MB=Maste Bar
IB=Inside Bar
hope the above help.

have a gr8 profitable week

cheers

Thanks for the explanation. I will add more charts when i have the chance to do so. I will be away for one week on work assignment. My charts are not as clean as yours so i hope you won't mind my messy trendlines and fibos.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 56 KB
  • #294
  • Oct 21, 2011 8:44pm Oct 21, 2011 8:44pm
Quoting 50d
Thanks for the explanation. I will add more charts when i have the chance to do so. I will be away for one week on work assignment. My charts are not as clean as yours so i hope you won't mind my messy trendlines and fibos.
no problem. each individual has his trading style to win the trades. i am more emphasize on experience sharing of which something one can be gained to improve one's trading. hope you have made good profit out of your gbp-usd

last week was seen as a ranging week until friday i only spotted usdchf having a force break... hope this works out nicely for more pips next week

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: usd-chf s 2110 01-d.gif Size: 21 KB
  • #295
  • Oct 21, 2011 9:12pm Oct 21, 2011 9:12pm
hi
opinions o uj is most welcome.
just observed uj might heading south.
on D: it broke weekly low last fri.
on h4/h1: will it break further down
hope to catch it on time next week
cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ujd.gif Size: 21 KB
Click to Enlarge Name: uj4.gif Size: 18 KB
Click to Enlarge Name: uj1.gif Size: 17 KB
  • #296
  • Oct 22, 2011 1:49am Oct 22, 2011 1:49am
Quoting tradpat
hi
opinions o uj is most welcome.
just observed uj might heading south.
on D: it broke weekly low last fri.
on h4/h1: will it break further down
hope to catch it on time next week
cheers
Hello tradpat,can you please post your template or send to me as PM.I would greatly appreciate it.

Thanks

Ayour2a
  • #297
  • Oct 22, 2011 3:27am Oct 22, 2011 3:27am
Quoting ayour2a
Hello tradpat,can you please post your template or send to me as PM.I would greatly appreciate it.

Thanks

Ayour2a
i am still a beginner but recent week i am soft of finalizing on just using
1. RN
2. Bolllinger Bands
3. MA (usually 8/20)
4. PA (PBs, IBs, OBs, Breaks on SLs/RLs)

RN, BB & MA are used as "springboards" like the SL/RL
with all above i still find my chart is in mess.
i try to trade as plain as possible.
hope one day i can trade plain PA without indy

hope the above help.

cheers
Attached File(s)
File Type: ex4 roundnumber_grid.ex4   3 KB | 374 downloads
File Type: mq4 roundnumber_grid.mq4   4 KB | 410 downloads
  • #298
  • Oct 24, 2011 7:32pm Oct 24, 2011 7:32pm
Quoting tradpat

last week was seen as a ranging week until friday i only spotted usdchf having a force break... hope this works out nicely for more pips next week

cheers
update. a risk free trade and looking for a further down force ?! let's see how it turns out
Attached Image (click to enlarge)
Click to Enlarge Name: uchf5.gif Size: 21 KB
  • #299
  • Oct 26, 2011 2:19pm Oct 26, 2011 2:19pm
seems UJ is brewing for a pop to the upside. we shall see if today and yesterday prints tweezers on our charts. A close above 76.20 will lead the way.
  • #300
  • Oct 26, 2011 5:43pm Oct 26, 2011 5:43pm
Quoting tradpat
update. a risk free trade and looking for a further down force ?! let's see how it turns out
manual exit for 150 p
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd-chf s 2110 92p-h4.gif Size: 23 KB
Click to Enlarge Name: usd-chf s 2110 93p-d.gif Size: 22 KB
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