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  • #3,541
  • Feb 2, 2012 12:55am Feb 2, 2012 12:55am
This is what i'm seeing today.

The market did not have a huge bounce off the 4H trend line since yesterday.
PA is just walking down with the trend line.
from here we can expect an upward break or a bounce down.

In one of law girls thread i think almost naked trading she did mention that when PA touches the trend line 3 times or so then from there we expect a huge bounce off.
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X-man the legendary conqueror of markets
  • #3,542
  • Feb 2, 2012 1:03am Feb 2, 2012 1:03am
Quoting X-Man
This is what i'm seeing today.

The market did not have a huge bounce off the 4H trend line since yesterday.
PA is just walking down with the trend line.
from here we can expect an upward break or a bounce down.

In one of law girls thread i think almost naked trading she did mention that when PA touches the trend line 3 times or so then from there we expect a huge bounce off....
shouldn't you draw the H4 trendline between the two higher fractals? it seems that you didnt had in consideration the fractal at the HL of 1.322
  • #3,543
  • Feb 2, 2012 1:18am Feb 2, 2012 1:18am
Quoting migmac
shouldn't you draw the H4 trendline between the two higher fractals? it seems that you didnt had in consideration the fractal at the HL of 1.322
Yes i understand what you saying but if you have a look at the 4H chart you will see that I joined the 1st 2 highs and ever since i left it to see what happens. I dont like to keep shifting my trend line until there is a major break from it.

On the 4H chart theres only 1 candle that tried to break which didnt even close above it. The rest of the candles are directly on that trend line
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X-man the legendary conqueror of markets
  • #3,544
  • Feb 2, 2012 2:04am Feb 2, 2012 2:04am
X-man, I want to ask you something about 4h trading. When you enter a position does it matter if the two blue brands of TDI are narrow (they are near to each other) or they are wide (away from each other). And one more question - when the price is above the 60 EMA are you looking only for long and when the price is under the 60 EMA - looking only for short. Thanks
  • #3,545
  • Feb 2, 2012 2:30am Feb 2, 2012 2:30am
Quoting firekiller
X-man, I want to ask you something about 4h trading. When you enter a position does it matter if the two blue brands of TDI are narrow (they are near to each other) or they are wide (away from each other). And one more question - when the price is above the 60 EMA are you looking only for long and when the price is under the 60 EMA - looking only for short. Thanks
Well when theres a squeeze on the blue bands a break with high volatility will take place very soon.

With the H4 method i only trade when the bands break break and PA start retracing towards the center of the band again which must be in the direction of the ema (trend) and not against the trend
X-man the legendary conqueror of markets
  • #3,546
  • Feb 2, 2012 2:53am Feb 2, 2012 2:53am
This is the trade i took .
PA is starting to dwindle at my entry point again.

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X-man the legendary conqueror of markets
  • #3,547
  • Feb 2, 2012 2:58am Feb 2, 2012 2:58am
I'm not sure why the chart is posted like that.
Anyone know whats the problem?
X-man the legendary conqueror of markets
  • #3,548
  • Feb 2, 2012 2:59am Feb 2, 2012 2:59am
Same here.

Its cruising between last swing low and the daily pivot.
Lets brake the thing
Thoughts are things
  • #3,549
  • Feb 2, 2012 3:04am Feb 2, 2012 3:04am
No, sorry, at least it's not my eyes.
All you touch and all you see, is all your life will ever be.
  • #3,550
  • Feb 2, 2012 3:07am Feb 2, 2012 3:07am
Quoting X-Man
This is the trade i took .
PA is starting to dwindle at my entry point again.

juz entry by tdi signal?
  • #3,551
  • Feb 2, 2012 3:09am Feb 2, 2012 3:09am
Now the London session. DOWN and current shows up 30pips. Do come to 50pips? Or more? Let's hope so. Welcome all, sell!
  • #3,552
  • Feb 2, 2012 3:10am Feb 2, 2012 3:10am
I think i just figured it out.

It was post 666 of mine.

Thats spooky.
X-man the legendary conqueror of markets
  • #3,553
  • Feb 2, 2012 3:14am Feb 2, 2012 3:14am
Quoting ian52
juz entry by tdi signal?

I was expecting a bounce off the 4H trend line. I was in favor of the bears.
When the London market opened i waited for the break in support at 1.31600.
As soon as that support broke i entered short.
When i looked at TDI it showed me a bounce trade so i stuck with it.
X-man the legendary conqueror of markets
  • #3,554
  • Feb 2, 2012 3:16am Feb 2, 2012 3:16am
Quoting X-Man
I was expecting a bounce off the 4H trend line. I was in favor of the bears.
When the London market opened i waited for the break in support at 1.31600.
As soon as that support broke i entered short.
When i looked at TDI it showed me a bounce trade so i stuck with it.
But is not it already 1.3123 LOW?
  • #3,555
  • Feb 2, 2012 3:17am Feb 2, 2012 3:17am
Closed half with +25

Was this a bit premature in that situation or is it ok?
Thoughts are things
  • #3,556
  • Feb 2, 2012 3:17am Feb 2, 2012 3:17am
Quoting AmaNZ
Now the London session. DOWN and current shows up 30pips. Do come to 50pips? Or more? Let's hope so. Welcome all, sell!
well, it is looking good now. TP target 1.3060 region.
Market is on wide consolidation, seen better on H4.

Today price started from above the MBL(yellow line) so I see enough room for it to go down below the MBL considering the wide consolidation. H4 TDI cross yet top be confirm and if price breaks out of PAC on H4 wuld be good signal/confirmation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,557
  • Feb 2, 2012 3:19am Feb 2, 2012 3:19am
Quoting AmaNZ
But is not it already 1.3123 LOW?
Whats 1.3123 LOW? i dont understand
X-man the legendary conqueror of markets
  • #3,558
  • Feb 2, 2012 3:26am Feb 2, 2012 3:26am
Quoting Quezoy
Closed half with +25

Was this a bit premature in that situation or is it ok?
that depends on your trade management method.
If your initial SL is 25 pips which is R, and that should be the ATR(7) at the point when you place the trade. Then I would say tha's ok.
Question I have:

1) where is your plan TP?

2) when do you move your trade to Breakeven (BE) ?

3) How will you move your subsequent stops to maximise profit?

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,559
  • Feb 2, 2012 3:30am Feb 2, 2012 3:30am
Hi all,

Been lurking here for a while.

Interested to learn your method X Man.....

This will be my last stint I think....over two years I have been trying to trade now......and I am no further than when i started.....anyway enough whinging....lol

May be this will be my luckly last......

Or maybe I am just stupid...lol
  • #3,560
  • Feb 2, 2012 3:31am Feb 2, 2012 3:31am
Quoting emmanuel7788
that depends on your trade management method.
If your initial SL is 25 pips which is R, and that should be the ATR(7) at the point when you place the trade. Then I would say tha's ok.
Question I have:

1) where is your plan TP?

2) when do you move your trade to Breakeven (BE) ?

3) How will you move your subsequent stops to maximise profit?

Regards,
My SL was 25, yes.
TP is at 1.3080
When I've closed the +25, I've initiated a 22 trailing SL.
I'm generally not yet sure if I should use a TSL or move SL manually. (N00B )

tnx for replying.
Thoughts are things
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