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  • #1,981
  • Dec 13, 2011 9:25am Dec 13, 2011 9:25am
X-Man,

I've noticed on the e/u that the green and red lines of the TDI have been slowly moving up but the PA has just moved sideways (for the most part). Do you think we could be winding up for another larger move down as the TDI moves more toward the 50 line? Thanks
  • #1,982
  • Dec 13, 2011 9:28am Dec 13, 2011 9:28am
Just picked up a quick 40 pips on an EU sell.
  • #1,983
  • Dec 13, 2011 9:37am Dec 13, 2011 9:37am
Quoting hale-mary
''

So did you use the 4hr method or the 1 hour setup but on a 4 hour chart?
The A/U trade i entered because of the break in the blue band.
So i waited for the candle to change color and entered at the opening of the second blue candle.
This trade was entered and monitored on the 4H chart only.
Its against the trend and it breaks the 60 EMA rule thats why i didnt expect lots of pips.
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 113 KB
X-man the legendary conqueror of markets
  • #1,984
  • Dec 13, 2011 9:44am Dec 13, 2011 9:44am
Quoting jpclaverie
X-Man,

I've noticed on the e/u that the green and red lines of the TDI have been slowly moving up but the PA has just moved sideways (for the most part). Do you think we could be winding up for another larger move down as the TDI moves more toward the 50 line? Thanks
TDI will usually do that when it goes against the trend.
Today i expected a bigger retracement than what it gave.
X-man the legendary conqueror of markets
  • #1,985
  • Dec 13, 2011 9:46am Dec 13, 2011 9:46am
Sad but true...I bailed with 40 and could have had 80. That's trading!
  • #1,986
  • Dec 13, 2011 9:47am Dec 13, 2011 9:47am
I'm in short. Entry off the 15 min TDI. Half taken off for +30 pips. Stop at BE and second half left to run.

second half closed for +55 pips on the "00's"

I'm finished for the day 124 pips
Attached Image
  • #1,987
  • Dec 13, 2011 9:50am Dec 13, 2011 9:50am
EURUSD going south big time!!!
I've shorted but I'm already out, I made my pips for today no need more.

regards
let's skype: @elchinoazul
  • #1,988
  • Dec 13, 2011 9:54am Dec 13, 2011 9:54am
I picked up about 25 pips of the last hours move.
  • #1,989
  • Dec 13, 2011 9:55am Dec 13, 2011 9:55am
Guys i see a lot of traders here are having trouble with TP.
I would recommend the following .

Your first TP should be at 1:1
Your second TP should be at 1:2
and the third TP should be at 1:3

Usually i would say lock in profits when it hit 1:1 and then lock in the rest when it hit 1:2.
Most of the time it wont run to 1:3 so you dont have to have the 3rd TP.
AT TIMES when PA does not reach 1:2 you can lock in whatever you have at the end of the candle.

Its better to lock in profits rather than to see all your profits retrace back and you have to close with 0 pips.
X-man the legendary conqueror of markets
  • #1,990
  • Edited 10:24am Dec 13, 2011 10:10am | Edited 10:24am
Whoa!

Well . . . Vantage was correct - the EU has not yet made believers out of the bears and my analysis was wrong - in a big way! The break below and close below the 1.3160 level on the 15 M chart proved the weakness of my previous support analysis at the 3165 level.

It would not be the first time!

Done for the day due to FOMC announcement.

Looks like the folks in Germany are capping their contribution to the EU bailout.

Good work to those that caught the short on the EU announcement.
  • #1,991
  • Dec 13, 2011 10:32am Dec 13, 2011 10:32am
Quoting dcginc
Whoa!

Well . . . Vantage was correct - the EU has not yet made believers out of the bears and my analysis was wrong - in a big way! The break below and close below the 1.3160 level on the 15 M chart proved the weakness of my previous support analysis at the 3165 level.

It would not be the first time!

Done for the day due to FOMC announcement.

Looks like the folks in Germany are capping their contribution to the EU bailout.

Good work to those that caught the short on the EU announcement.
Well, my pair strength told me the eu was getting very weak, i lucked off on my long and closed at +17 before the retracement. Now i am in a short +27 ATM and watching it close because my pair strength is showing an increase on the eu and a decrease on the us.
  • #1,992
  • Dec 13, 2011 10:35am Dec 13, 2011 10:35am
Quoting dcginc
Whoa!

Well . . . Vantage was correct - the EU has not yet made believers out of the bears and my analysis was wrong - in a big way! The break below and close below the 1.3160 level on the 15 M chart proved the weakness of my previous support analysis at the 3165 level.

It would not be the first time!

Done for the day due to FOMC announcement.

Looks like the folks in Germany are capping their contribution to the EU bailout.

Good work to those that caught the short on the EU announcement.
I hit my SL on H1 EURUSD trade, too.

I post my H4 EURAUD trade. My first TP of 105 pips was hit and 50% of the position just has been closed, the second half is followed by trailing stop and still running.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_H4_strategy name_20111213172847.gif Size: 21 KB
  • #1,993
  • Dec 13, 2011 10:36am Dec 13, 2011 10:36am
Quoting dcginc
Whoa!

Well . . . Vantage was correct - the EU has not yet made believers out of the bears and my analysis was wrong - in a big way! The break below and close below the 1.3160 level on the 15 M chart proved the weakness of my previous support analysis at the 3165 level.

It would not be the first time!

Done for the day due to FOMC announcement.

Looks like the folks in Germany are capping their contribution to the EU bailout.

Good work to those that caught the short on the EU announcement.
I think looking at the daily chart those big impulse candles showed the bears continuing control and this caused the shallow retrace. Thats why I was mainly looking for shorts. I also trade the daily TF's and will be looking for a short entry to hopefully around 1.2860.
  • #1,994
  • Dec 13, 2011 10:51am Dec 13, 2011 10:51am
simmo24
Quote
I also trade the daily TF's and will be looking for a short entry to hopefully around 1.2860.
I agree - next major support.

thrax
Quote
I post my H4 EURAUD trade. My first TP of 105 pips was hit and 50% of the position just has been closed, the second half is followed by trailing stop and still running.
Nice trade - way to hedge!

cajun
Quote
Well, my pair strength told me the eu was getting very weak, i lucked off on my long and closed at +17 before the retracement. Now i am in a short +27 ATM and watching it close because my pair strength is showing an increase on the eu and a decrease on the us.
My biggest problem - I was not in front of my computer or I could have taken the E/U short on the news. Oops! Luckily made some pips on a GBP/USD short at NY open. Barely net positive for the day.
  • #1,995
  • Dec 13, 2011 11:44am Dec 13, 2011 11:44am
Went short as I saw price closing below my 5smma price channel with good momentum, price under 60EMA and I received confirmation of TDI (cross down)

Let's see what's gonna happen.

short @ 1,0080
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 86 KB
let's skype: @elchinoazul
  • #1,996
  • Dec 13, 2011 12:00pm Dec 13, 2011 12:00pm
Quoting Rodcisal
Went short as I saw price closing below my 5smma price channel with good momentum, price under 60EMA and I received confirmation of TDI (cross down)

Let's see what's gonna happen.

short @ 1,0080
Nice playboy folder.
  • #1,997
  • Dec 13, 2011 12:08pm Dec 13, 2011 12:08pm
Quoting Forexsaurus
Nice playboy folder.
LOL!
I was curious about lindsay lohan playboy performance.
It's all about photoshop
let's skype: @elchinoazul
  • #1,998
  • Dec 13, 2011 12:12pm Dec 13, 2011 12:12pm
Quoting Rodcisal
LOL!
I was curious about lindsay lohan playboy performance.
It's all about photoshop
ROTFLMAO!
  • #1,999
  • Dec 13, 2011 12:13pm Dec 13, 2011 12:13pm
Quoting Forexsaurus
Nice playboy folder.
Noticed that one as well.
Made in Ukraine
  • #2,000
  • Dec 13, 2011 12:33pm Dec 13, 2011 12:33pm
Quoting Rodcisal
Went short as I saw price closing below my 5smma price channel with good momentum, price under 60EMA and I received confirmation of TDI (cross down)

Let's see what's gonna happen.

short @ 1,0080
I am also Short at 1.0080 at the moment it is 1.00746

arasheed
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