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  • #1,781
  • Dec 12, 2011 5:43am Dec 12, 2011 5:43am
Quoting Kanderpro
Hello again Phx62.
Congratulations on another +50. I'm very grateful to you and X-man for the education on TDI crosses and pullbacks on H1. I'm not so comfortable on bounce trades. Here are my assumptions on your trade. I'd be grateful if you'd comment on them or tell us your actual thinking at the time.

You entered at the break of the resistance formed by today's 0400 GMT and Friday's 1300GMT and 1500 GMT candles because H1 is in a downtrend with lower highs and lower lows.

You ignored the 32 pip pullback because of the downtrend or the size...
Here is my chart for the trade. I entered on the break of the triple bottom resistance (white line) and a bounce of the TDI shortly after the Frankfurt Open. The candle that looked like a pullback on a double bottom came back down....so no pullback yet.
Attached Image (click to enlarge)
Click to Enlarge Name: 12.12.11.gif Size: 25 KB
  • #1,782
  • Dec 12, 2011 5:46am Dec 12, 2011 5:46am
Quoting Forexsaurus
Looks like a good long but I would wait for the masters to decide.
I went long @ 1.5605. I'm aiming for 25 pips @ 1.5630. SL is @1.5590
  • #1,783
  • Dec 12, 2011 5:55am Dec 12, 2011 5:55am
Quoting Pecunia
I went long @ 1.5605. I'm aiming for 25 pips @ 1.5630. SL is @1.5590
Good luck, sir!
  • #1,784
  • Dec 12, 2011 6:02am Dec 12, 2011 6:02am
Quoting Pecunia
I went long @ 1.5605. I'm aiming for 25 pips @ 1.5630. SL is @1.5590
Closed it @ BE. PA died.
  • #1,785
  • Dec 12, 2011 6:07am Dec 12, 2011 6:07am
Quoting Forexsaurus
Good luck, sir!
I entered Long at 1.56110

arasheed
  • #1,786
  • Dec 12, 2011 6:08am Dec 12, 2011 6:08am
Quoting zvt
Hi X-Man

First of all I would like to say I like your thread and thank you for post it.

Now my question :

Right now on the TDI you can see a little pullback, would you go for long, or you wait for New York to open ?
hey there zvt
I dont see any pullback in the previous candles.
So we will wait for the NY session.
The current candle looks like its pulling back so we will just wait for it to close and see what happens.
X-man the legendary conqueror of markets
  • #1,787
  • Dec 12, 2011 6:12am Dec 12, 2011 6:12am
Quoting Pecunia
Closed it @ BE. PA died.
PA action is still upward ???

arasheed
Attached Image (click to enlarge)
Click to Enlarge Name: gb[usd h1 up.gif Size: 38 KB
  • #1,788
  • Dec 12, 2011 6:12am Dec 12, 2011 6:12am
Quoting Pecunia
Closed it @ BE. PA died.
Can you explain how the PA died? It still looks fairly strong on the 1h to me.
  • #1,789
  • Dec 12, 2011 6:19am Dec 12, 2011 6:19am
Quoting Forexsaurus
Can you explain how the PA died? It still looks fairly strong on the 1h to me.
You are right at the moment it shows 1056250
arasheed
  • #1,790
  • Dec 12, 2011 6:29am Dec 12, 2011 6:29am
Quoting arasheed
You are right at the moment it shows 1056250
arasheed
Damn, I was scared out of it and got out at BE.
  • #1,791
  • Dec 12, 2011 6:31am Dec 12, 2011 6:31am
Quoting Forexsaurus
Damn, I was scared out of it and got out at BE.
I got out early as well. its up 50 pips now LOL.

You guys were absolutely right. PA did not die!
  • #1,792
  • Dec 12, 2011 6:33am Dec 12, 2011 6:33am
Quoting Phx62
Here is my chart for the trade. I entered on the break of the triple bottom resistance (white line) and a bounce of the TDI shortly after the Frankfurt Open. The candle that looked like a pullback on a double bottom came back down....so no pullback yet.
Thanks for your reply Phx62. I am still "twitchy" with Bounce trades. I had forgotten the following from a recent post of yours:

"Trades need room to breathe.... If a trade is moving quickly in one direction, I will extend my TP to 100 or 200 pips. If it retraces 20 or 25 pips after I am in profit, I will usually exit with what I can get."

I think I will apply this once the trade has gone beyond +50.

Thanks again,
Kan
Thanks for your help, warmth and straight talking Heather.
  • #1,793
  • Dec 12, 2011 6:34am Dec 12, 2011 6:34am
Quoting Forexsaurus
Damn, I was scared out of it and got out at BE.
Here I completed 2 Trades 20+15=35 Pips TP,
But it still went up and missed it.

arasheed
Attached Image (click to enlarge)
Click to Enlarge Name: gb[usd h1 plus trade.gif Size: 37 KB
  • #1,794
  • Dec 12, 2011 6:35am Dec 12, 2011 6:35am
Quoting arasheed
Here I completed 2 Trades 20+15=35 Pips TP,
But it still went up and missed it.

arasheed
Nice trading Arasheed. Sure you could have gotten more, but it's pips in the pocket right..
  • #1,795
  • Dec 12, 2011 6:52am Dec 12, 2011 6:52am
Quoting Pecunia
Nice trading Arasheed. Sure you could have gotten more, but it's pips in the pocket right..
I gained 13+30+30+9+20 =0102 Pips from Aud/Eur/Gbp trading

arasheed
Attached Image (click to enlarge)
Click to Enlarge Name: aud eur gbptoday's plus trade.gif Size: 38 KB
  • #1,796
  • Dec 12, 2011 6:59am Dec 12, 2011 6:59am
there is a pullback candle on the h1 eur/usd! I will try a long now
Anf TDi crossed
  • #1,797
  • Dec 12, 2011 7:04am Dec 12, 2011 7:04am
Quoting Robst3r
there is a pullback candle on the h1 eur/usd! I will try a long now
Anf TDi crossed
Could be another bounce for a short... still unsure. if it breaks 1.3250, I'm short
  • #1,798
  • Dec 12, 2011 7:08am Dec 12, 2011 7:08am
I am long, too. Letīs see, what develops!
  • #1,799
  • Dec 12, 2011 7:10am Dec 12, 2011 7:10am
you are right
  • #1,800
  • Dec 12, 2011 7:15am Dec 12, 2011 7:15am
Quoting smash85
I am long, too. Letīs see, what develops!
stopped out.
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