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  • #2,541
  • Jan 5, 2012 2:09am Jan 5, 2012 2:09am
Well,
time to go long as per xman's system

I entered Long as soon as the second blue candle opened (as seen in my chart)..SL is 30 pips @1.28932, TP is 40 pips @1.29659, which is Daily Pivot
or at the 60 EMA.

Lets see!
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  • #2,542
  • Jan 5, 2012 2:13am Jan 5, 2012 2:13am
I tried that too, but it's not going; it's coming back down.
My favorite crochet hook is size J. It's a J-Hook!
  • #2,543
  • Jan 5, 2012 2:16am Jan 5, 2012 2:16am
Quoting alphachi
Well,
time to go long as per xman's system

I entered Long as soon as the second blue candle opened (as seen in my chart)..SL is 30 pips @1.28932, TP is 40 pips @1.29659, which is Daily Pivot
or at the 60 EMA.

Lets see!
I took the same trade at 1.2939.
  • #2,544
  • Jan 5, 2012 2:16am Jan 5, 2012 2:16am
Have taken basically the same trade on the London open. long at 1.2940, target at 1.2990 and SL at 1.2910 which was the start of the pullback candle on the 4hr TF. Good luck!
  • #2,545
  • Jan 5, 2012 2:19am Jan 5, 2012 2:19am
Quoting littlebunny
I tried that too, but it's not going; it's coming back down.
Patients littlebunny! As X-Man says, trades need room to breathe, we can't panic just because the market hiccupps against us for a few pips. We may even lose this trade, it happens. We learn and move on to the next set up. Cheers!
  • #2,546
  • Jan 5, 2012 2:20am Jan 5, 2012 2:20am
Hi all,

eu/usd 1 hr chart although tdi green has cross red but has not cross yellow and TDI 50. No long for me yet. (my view)

Furthermore, its below ema 60, which means downtrend is still ongoing.

shall wait and see before triggering any longs and shorts.
  • #2,547
  • Jan 5, 2012 2:35am Jan 5, 2012 2:35am
Didn't take the market long to see it was not happy with the upside. Some news coming up, then we'll see what direction it may settle on.
  • #2,548
  • Jan 5, 2012 2:43am Jan 5, 2012 2:43am
Quoting Brifx
Patients littlebunny! As X-Man says, trades need room to breathe, we can't panic just because the market hiccupps against us for a few pips. We may even lose this trade, it happens. We learn and move on to the next set up. Cheers!
Thanks. I know that & I try. Sometimes I think maybe I should go back to the 5 minute chart where I lived when I had a job. 10s & 20s add up to 50; do I need to get them all in one trade? Meanwhile I'll hang in here & try to do better.
My favorite crochet hook is size J. It's a J-Hook!
  • #2,549
  • Jan 5, 2012 2:48am Jan 5, 2012 2:48am
Quoting Rodcisal
I'm doing my homework as well and I've noticed just one thing overall:

REVERSAL BARS WORKS LIKE A CHARM


Best regards.
I see that I'm lagging behind in this ''homework" I'll have to commit to seriously study X-mans upcoming compilation.
Hey thanks in advance X-man.
Let it turn and find your entry.
  • #2,550
  • Jan 5, 2012 2:51am Jan 5, 2012 2:51am
The next hr will be interesting.

watch for more direction confirmation.
  • #2,551
  • Jan 5, 2012 2:54am Jan 5, 2012 2:54am
I also took the long on London open but I am afraid the news rumours took my S/L!
Oh well, wait for the next one!
Success is a marathon, not a sprint!
  • #2,552
  • Jan 5, 2012 2:57am Jan 5, 2012 2:57am
Quoting Oyapoke
Hello X-Man,
Please, Why did not you trade one hour before the candle with a red arrow, the break of the range of the Asian session (long trade) ? Personally I am committed and I lost!
Thanks
Best regards
Yes I'm curious, on the London open line there was a TDI cross (in real time), and the bar closed above EMA5 and then RSI price Line and Trade signal Line were above 50 Level indicating a buy opportunity.

Curious.
Let it turn and find your entry.
  • #2,553
  • Jan 5, 2012 2:59am Jan 5, 2012 2:59am
Guys,

watch GBP/USD 4h.

possible short coming in less than 2 mins.

WATCH before entering.
  • #2,554
  • Jan 5, 2012 3:04am Jan 5, 2012 3:04am
A fairly typical London open head fake move up against the trend.

US ecomony having some surprise better than expected numbers here and there. Euro land in the pooh and talk of them reducing int rates again. COT data shows the big boys increasingly short the eur, why buy?

There are some key levels around here for eur, NB smaller bounces up should = the key levels fail and we fall further IMHO.
  • #2,555
  • Jan 5, 2012 3:10am Jan 5, 2012 3:10am
short on EURUSD, let' see what happens!
hopefully this wakening up at 5 in the morning will pay off

Heads up on EURUSD!
let's skype: @elchinoazul
  • #2,556
  • Jan 5, 2012 3:12am Jan 5, 2012 3:12am
Quoting Intrepidpips
Yes I'm curious, on the London open line there was a TDI cross (in real time), and the bar closed above EMA5 and then RSI price Line and Trade signal Line were above 50 Level indicating a buy opportunity.

Curious.
fake entry signal, look for TDI cross entry after candle is closed and most important don't go against the trend rule number one unless you are 100% confident in what way the market will move.

One setup I personally look for in order go get into a trade is the synergy bar close if it's closed above/below 5 SMMA high-low (bands might be useful) I'd go the way the bar closed
let's skype: @elchinoazul
  • #2,557
  • Jan 5, 2012 3:15am Jan 5, 2012 3:15am
Days like this its good to be more flexible, than just take signal and wait for SL or TP to be hit.

I also took long on trend line break which went about 10+ pips in profit, but then reversal was so strong so I closed it for -7 and took opposite signal.

Then after beaking today's low, psychological 1.2900 and yesterday's low it was pretty easy 50pips.
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youtube.com/@pantherfxt
  • #2,558
  • Jan 5, 2012 3:15am Jan 5, 2012 3:15am
Good tips, folks; thanks. (For now going to have to get some sleep & try to get back here for New York.)
My favorite crochet hook is size J. It's a J-Hook!
  • #2,559
  • Jan 5, 2012 3:22am Jan 5, 2012 3:22am
Quoting Intrepidpips
I see that I'm lagging behind in this ''homework" I'll have to commit to seriously study X-mans upcoming compilation.
Hey thanks in advance X-man.

Hi Guys,
here at FF is a good summary link to reversal candlesticks. It was started by Kenny at his thread.

You don't need t know all of them, Just learn five of them by heart, use them with discipline. With lots of discipline and follow with consistency, over the longer term you will be profitable.
https://sites.google.com/site/rtp505...andle-patterns

Today breakouts are very nice to trade.

Cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,560
  • Jan 5, 2012 3:24am Jan 5, 2012 3:24am
I also bought the headfake. Realized what was happening, took my 20 pip loss and went short for +40!
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