long gold
Attached Image (click to enlarge)
Hi migmac
If you go back and look at the chart you are referring to you will see that I have drawn yellow lines to show the divergence between price and both the TDI and Stochastics indicators.
Look at price first (where I have drawn the yellow line) and notice that price has been trending down - hence the yellow line is downward sloping.
Now look at both indicators at the same place when prices was going down. Again I have drawn yellow lines that show the indicators are sloping upwards - i.e. the indicators show divergence with price and...
thank you!! I will continue to follow your posts
I like the look of this pair (AUD/JPY) on the daily chart and have decided to enter long at 79.28
Stop is below last low at 77.82
There is potential resistance above the entry level but the indicators look good and I am comfortable with the situation on the weekly chart.
I am used to trading the M15 chart - these daily trades take soooo long!
Stop is below last low at 77.82
There is potential resistance above the entry level but the indicators look good and I am comfortable with the situation on the weekly chart.
I am used to trading the M15 chart - these daily trades take soooo long!
- #151
- Jan 3, 2012 7:18am Jan 3, 2012 7:18am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,714 Posts
HAPPY NEW YEAR TO ALL TMS & S3 TRADERS!
I'm so happy for this thread because in retrospect if I had gone live on D1 charts I'd not have suffered the fate I met on my first day (sept 6th Swiss Govt intervention)
Going thru the charts I see that a working knowledge of PA & candlesticks patterns will enable one to enter as soon as a new trend starts, in fact if your broker closes at New york close you can have a head start above the rest on the beginning of a new trend with PA.
For those who have been once beaten and twice shy you can wait for the trend to be well established before entry.
I use the EMA5 which Big E prescribes and the XPMA has a color feature which changes as the trend changes, i.e blue for up trend red for down trend; in between there is yellow which signals the trend change.
Looking through the charts (TRENDING) you find that EMA5 turns yellow after there has been a TDI cross and you can enter and watch the trend sail to Pipland.
The attached screen shot shows TDI crosses, TMS OSC Cross arrows and the EMA5 color change highlighted by the red pointing arrows.
So I'll be lying in wait for some color change and sail with peace of mind to Pipland, come go with me.
Intrepid
I'm so happy for this thread because in retrospect if I had gone live on D1 charts I'd not have suffered the fate I met on my first day (sept 6th Swiss Govt intervention)
Going thru the charts I see that a working knowledge of PA & candlesticks patterns will enable one to enter as soon as a new trend starts, in fact if your broker closes at New york close you can have a head start above the rest on the beginning of a new trend with PA.
For those who have been once beaten and twice shy you can wait for the trend to be well established before entry.
I use the EMA5 which Big E prescribes and the XPMA has a color feature which changes as the trend changes, i.e blue for up trend red for down trend; in between there is yellow which signals the trend change.
Looking through the charts (TRENDING) you find that EMA5 turns yellow after there has been a TDI cross and you can enter and watch the trend sail to Pipland.
The attached screen shot shows TDI crosses, TMS OSC Cross arrows and the EMA5 color change highlighted by the red pointing arrows.
So I'll be lying in wait for some color change and sail with peace of mind to Pipland, come go with me.
Intrepid
Let it turn and find your entry.
- #152
- Jan 3, 2012 7:19am Jan 3, 2012 7:19am
Entered three new demo trades.
Three other demo trades still open (Screenshot shows H1, but that's just for monitoring. All trades taken on D1).
Just noticed the bank holidays on the frontpage..
Fortunately mostly my way. My XXX / JPY trades are going the wrong way, but still postive pippage.
@kijkij: EU looks promising indeed. I'll probably jump in at the open of the next candle (in 7 hours).
Financial independence is what I live for
Will it be a good long after the close of current bar?
also, looking back at previous candles, from november, longs did not pan out as good.. considering europe aswell,, wouldnt say was high probibilty trade.
keep an eye on it!
my 2 cents!
mark
- #154
- Jan 3, 2012 10:17am Jan 3, 2012 10:17am
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
"To live with Passion, it takes Courage and Grace to survive"
- #156
- Jan 3, 2012 11:27am Jan 3, 2012 11:27am
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
A quick update on my 3 trades:
AUD/CAD - entered last Friday. Currently +97. Stop @ B/E
EUR/USD - entered this morning. Closed for +80. I took advantage of the TDI signal with divergence and warned that the weekly chart indicated the trend was still short. Price has run hard today and I sense a pullback may happen so happy to harvest this trade now.
AUD/JPY - entered this morning. Currently +20. Stop in original position. I like the look of the weekly and daily charts and will hold this trade active.
Let's see what tomorrow brings....
My eur/nzd is still active - now +260pips on both entries with 150 and 170 pips locked in per my previous trade management post.
News picks up tomorrow and it is NFP week, so I expect some volume from the 3 amigos at some point, but as usual will wait for the Price Action rather than any gut feel / talking heads
"To live with Passion, it takes Courage and Grace to survive"
Wich pairs you have open?
i have open aud-jpy long.
gbp-aud entry 1.5430 sell.
i have open aud-jpy long.
gbp-aud entry 1.5430 sell.
Looks like the AUD pairs are on a run - so NZD will also be in play.
My eur/nzd is still active - now +260pips on both entries with 150 and 170 pips locked in per my previous trade management post.
News picks up tomorrow and it is NFP week, so I expect some volume from the 3 amigos at some point, but as usual will wait for the Price Action rather than any gut feel / talking heads
- #158
- Jan 3, 2012 12:08pm Jan 3, 2012 12:08pm
- Joined Apr 2011 | Status: "Never Give Up - Never Surrender" | 1,608 Posts
"To live with Passion, it takes Courage and Grace to survive"