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  • #3,021
  • Jan 23, 2012 1:26am Jan 23, 2012 1:26am
Quoting LazyLobster
It always seems like its a holiday somehwere eh? Anyone experienced know if we should expect some movement tonight or should we just kinda' sit on our hands? I'm inclined toward sittin' on me hands because its holiday and a monday (low volume in the first place). Dang chinese new year...http://www.forexfactory.com/images/icons/icon10.gif I see the Euro making a break upward on the 15M, but it feels like a fakey or just closing the gap 20 pips away.... Maybe I should invest my money in a rope to tie myself with tonight because I'm feelin'...
Today might be a really quiet day we will just have to wait and see what happens. Theres no real news today to make the market move but anything could happen.
X-man the legendary conqueror of markets
  • #3,022
  • Jan 23, 2012 1:52am Jan 23, 2012 1:52am
Quoting msc400
Has anyone noticed this possible 4HR short setup on the GBPUSD?

Any comments?
Daily time frame is downtrend, alså under 60 EMA.
  • #3,023
  • Jan 23, 2012 1:58am Jan 23, 2012 1:58am
Quoting X-Man
Today might be a really quiet day we will just have to wait and see what happens. Theres no real news today to make the market move but anything could happen.
Ecofin and fed reserve meetings are both happening in the next few days ... May be rumors & speculation that drive market, or people may hold back ... We shall see.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #3,024
  • Jan 23, 2012 2:25am Jan 23, 2012 2:25am
Weekly chart candlestick shows a bullish close last week.
I'll be looking to see if market will test 1.3000. If test fails, a double top on H4 will provide a short setup at the EMA200 .
Wait for good setup with volatility and momentum.
Note weekend gap will be covered.
Have a good trading week ahead!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,025
  • Jan 23, 2012 2:27am Jan 23, 2012 2:27am
Here is another possible setup on USDCAD.
Short at 1.0118
Stop at 1.0165

Strong support at 1.00 maybe first target
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 110 KB
  • #3,026
  • Jan 23, 2012 2:41am Jan 23, 2012 2:41am
made a Lovely 40 pips for a monday morning
There was a signal candle after the vertical line and i took it.
Marked the signal candle with a red arrow on my chart.

The signal candle was a bit small so i didnt expect it to give me 40 pips i was looking for 20 pips but to my luck a nice 40pips.
The next trade i will take today will have to be an A+ signal in order to retain my pips that i made
Attached Image (click to enlarge)
Click to Enlarge Name: today.jpg Size: 111 KB
X-man the legendary conqueror of markets
  • #3,027
  • Jan 23, 2012 2:54am Jan 23, 2012 2:54am
Quoting msc400
Has anyone noticed this possible 4HR short setup on the GBPUSD?

Any comments?

Quoting msc400
Entered short at 1.5547 with a stop at 1.5580 just above the swing high. My first trade with this method. Will report back with results.
So far about +20 pips. raising stop loss to BE +2
Lets see if it continues.
  • #3,028
  • Jan 23, 2012 3:05am Jan 23, 2012 3:05am
Very nice catch Xman

Quoting X-Man
made a Lovely 40 pips for a monday morning
There was a signal candle after the vertical line and i took it.
Marked the signal candle with a red arrow on my chart.

The signal candle was a bit small so i didnt expect it to give me 40 pips i was looking for 20 pips but to my luck a nice 40pips.
The next trade i will take today will have to be an A+ signal in order to retain my pips that i made
  • #3,029
  • Jan 23, 2012 3:12am Jan 23, 2012 3:12am
Quoting X-Man
made a Lovely 40 pips for a monday morning
There was a signal candle after the vertical line and i took it.
Marked the signal candle with a red arrow on my chart.

The signal candle was a bit small so i didnt expect it to give me 40 pips i was looking for 20 pips but to my luck a nice 40pips.
[size=3][color=blue]The next trade i will take today will have to be an A+ signal in order to retain my pips that...
Congrats!
Looks like you did not have an hangover from the wedding partying.
That was a nice H4 inside bar breakout supported by the weekend gap fill.
Good start to the week. Some volatile days ahead, so watch out.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,030
  • Jan 23, 2012 3:21am Jan 23, 2012 3:21am
Looking for a higher Close and would of been all over it. Not taken on 15 Min. Being a little too Precious. Well Done X-Man. Should Pay for the Wedding Present
Steve
  • #3,031
  • Jan 23, 2012 3:23am Jan 23, 2012 3:23am
Quoting emmanuel7788
Congrats!
Looks like you did not have an hangover from the wedding partying.
That was a nice H4 inside bar breakout supported by the weekend gap fill.
Good start to the week. Some volatile days ahead, so watch out.
HAHA thanks, i hardly had any sleep this weekend im sitting here with my eyes barely open and made that trade LOL.
The wedding and the party was too awesome.
Next wedding is 17 March , my brother will be getting married,
that weekend will be even more hectic.

I was just thinking that 40 pips is enough for today and will be taking the rest of the day to recover.
I'll be back later or tomorrow.

Enjoy guys
X-man the legendary conqueror of markets
  • #3,032
  • Jan 23, 2012 3:26am Jan 23, 2012 3:26am
Quoting Phiksalamuk
Long USDCHF and short EURNZD.... Let see...
USDCHF closed at -17pips as there is no clear momentum. EURNZD still running and currently at +100 pips...
  • #3,033
  • Jan 23, 2012 3:32am Jan 23, 2012 3:32am
Quoting msc400
So far about +20 pips. raising stop loss to BE +2
Lets see if it continues.
Stopped out at BE +2
  • #3,034
  • Jan 23, 2012 3:44am Jan 23, 2012 3:44am
Quoting msc400
Here is another possible setup on USDCAD.
Short at 1.0118
Stop at 1.0165

Strong support at 1.00 maybe first target
A littel late but stil good
  • #3,035
  • Jan 23, 2012 4:25am Jan 23, 2012 4:25am
Quoting farzan20
A littel late but stil good
the support zone near 1.006 is pretty obvious and strong. But let's see if today close can be bearish and if we see TDI bounce on the D1 TDI, this would be in the weekly direction.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,036
  • Jan 23, 2012 5:32am Jan 23, 2012 5:32am
X-Man or anyone else who could help,
During my backtesting I have come up with a question, normally i would set my stoploss at roughly the high/low of the swing, no problem. But my question is, how do i decide where i place my stoploss, if my entry candle IS the high/low of the swing.
I will post a chart trying to show which candle i mean, please do not fault the setup, im not necessarily saying i would have entered short here, but if i deiceded the price would fall and i did want to enter at start of the candle, where would i place my SL?
Hope this makes sense, thanks in advance, Rob.
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  • #3,037
  • Jan 23, 2012 5:46am Jan 23, 2012 5:46am
Quoting robthorp
X-Man or anyone else who could help,
During my backtesting I have come up with a question, normally i would set my stoploss at roughly the high/low of the swing, no problem. But my question is, how do i decide where i place my stoploss, if my entry candle IS the high/low of the swing.
I will post a chart trying to show which candle i mean, please do not fault the setup, im not necessarily saying i would have entered short here, but if i deiceded the price would fall and i did want to enter at start of the candle, where would i place my SL?
Hope...
well, you can consider to use of 2xATR(7) for your initial SL. This would mean you expect a trade TP of at least 3xATR(7) for a RR 1:1.5.
The initial SL will deterimine your lot size.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,038
  • Edited 5:58am Jan 23, 2012 5:57am | Edited 5:58am
Quoting robthorp
X-Man or anyone else who could help,
During my backtesting I have come up with a question, normally i would set my stoploss at roughly the high/low of the swing, no problem. But my question is, how do i decide where i place my stoploss, if my entry candle IS the high/low of the swing.
I will post a chart trying to show which candle i mean, please do not fault the setup, im not necessarily saying i would have entered short here, but if i deiceded the price would fall and i did want to enter at start of the candle, where would i place my SL?
Hope...
You could use the swing high, the red arrow, plus the spread and then use a position calculator for lot size.
  • #3,039
  • Jan 23, 2012 6:04am Jan 23, 2012 6:04am
Quoting Phiksalamuk
USDCHF closed at -17pips as there is no clear momentum. EURNZD still running and currently at +100 pips...
Closed EURNZD for +80 pips as 4H candle changed colour to blue....
  • #3,040
  • Jan 23, 2012 6:26am Jan 23, 2012 6:26am
H4 method trade on EA: + 126 pips

My reasons for entry:
- green TDI returned back into blue band
- green TDI crossed red
- Synergy color change
- TDI > 50
- PA could not substantially break EMA60
- direction of overall trend and D1 bearish

SL was swing high, TP was SL*2

Held it over the weekend.

gary
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