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  • #4,961
  • Feb 19, 2012 7:12pm Feb 19, 2012 7:12pm
Quoting Rodcisal
thanks for answering.
I was watching at 1M charts and i noticed that this move was a 60-pip-one-minute-move. Maybe there's a big guy with info that we might not know. I'm also waiting for london open to make a decision.

regards
60 pips in one minute mainly because there is trading going on even though your broker's charts were not updated. The gap at 9 am Sydney time was about 30 pips - but that's well after NZ open.
  • #4,962
  • Feb 19, 2012 8:55pm Feb 19, 2012 8:55pm
still waiting for london hour... this is the H4 chart of E/U.

http://forextradingforliving.com/pic...-201202020.png
  • #4,963
  • Feb 19, 2012 10:31pm Feb 19, 2012 10:31pm
One is 4 hour the other is Daily
  • #4,964
  • Feb 19, 2012 10:58pm Feb 19, 2012 10:58pm
Sorry, I should have kept the timeframes in agreement. But here it is revised. Still different channels, was hoping one would repaint.

http://dl.dropbox.com/u/60261890/odd%20test.png

http://dl.dropbox.com/u/60261890/test.png
  • #4,965
  • Feb 19, 2012 10:59pm Feb 19, 2012 10:59pm
Quoting emmanuel7788
well, some people enjoy heavy metal, some enjoy chamber music, ...
my neighbours hate the former which they call it noise,
but when I play chamber at home, they all flock to my house,
what is it, after all these are music categories.

what type of music do you listen when you trade?
The music that I listen is my dogs barking and my wife calling me to do anything. Just only for ny open time, but for london I'm so lucky because they'r sleeping.
  • #4,966
  • Feb 19, 2012 11:06pm Feb 19, 2012 11:06pm
Despite the weekend announcent by the Chinese central bank, a lot of hype played up by analysts. Asian opening hours lack lustre despite many pairs open with gaps. Now we wait and see how the new few hours will be and plan for our LO trades.

Open both my trades on H4 for UJ and EJ. Now see if I can move and protect early and get free trades.

EU gap up was good for my last Friday's loong position which I protected and held on over the weekend. Took 43pips and 67pips profit with that gap up.

Today may see some low liquidity as US markets are closed. But we never know these days with this chaotic Euro Zone problems.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,967
  • Feb 19, 2012 11:14pm Feb 19, 2012 11:14pm
Quoting jcarp
Sorry, I should have kept the timeframes in agreement. But here it is revised. Still different channels, was hoping one would repaint.

http://dl.dropbox.com/u/60261890/odd%20test.png

http://dl.dropbox.com/u/60261890/test.png
hmmm... it's weird. because in my chart, both of daily and h4 show the downtrend channel

http://forextradingforliving.com/pic...d-20120220.png
http://forextradingforliving.com/pic...4-20120220.png
  • #4,968
  • Feb 19, 2012 11:22pm Feb 19, 2012 11:22pm
Quoting jcarp
Sorry, I should have kept the timeframes in agreement. But here it is revised. Still different channels, was hoping one would repaint.

http://dl.dropbox.com/u/60261890/odd%20test.png

http://dl.dropbox.com/u/60261890/test.png

I can't tell for sure, but it looks like to me both charts do not have the same OHLC.
Can you confirm if these are two charts of the same broker on smae running platform and server time. Maybe different of one hour between the two.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,969
  • Feb 19, 2012 11:30pm Feb 19, 2012 11:30pm
Quote
I can't tell for sure, but it looks like to me both charts do not have the same OHLC.
Can you confirm if these are two charts of the same broker on smae running platform and server time. Maybe different of one hour between the two.
Yes your right about two different brokers, but I was just wondering whether this will have any affect on the trade entries when using either broker since they differ. One platform is MBTrading and the other is Alpari-UK. Thanks for the reply by the way
  • #4,970
  • Feb 19, 2012 11:34pm Feb 19, 2012 11:34pm
While we all wait for our Frankfurt traders to finish their Frühstück, you may like to watch this short video.
It's Maurice Ravel Bolero ...
but you may ask, what has this to do with trading?
I can tell you there is alot to this piece of music and trading as a practice.

Inserted Video


Enjoy!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,971
  • Feb 20, 2012 12:00am Feb 20, 2012 12:00am
Quoting emmanuel7788
While we all wait for our Frankfurt traders to finish their Frühstück, you may like to watch this short video.
It's Maurice Ravel Bolero ...
but you may ask, what has this to do with trading?
I can tell you there is alot to this piece of music and trading as a practice.

http://www.youtube.com/watch?v=jd5GUCP88fU

Enjoy!
as always- completely delightfull
  • #4,972
  • Feb 20, 2012 12:37am Feb 20, 2012 12:37am
Quoting X-Man
[color=Blue][size=3]Well if you compare the TMS thread with my thread theres not much change except that we look at what PA is doing first in this thread.
The reason for this is that traders had many pairs open at once and always use to trade the TDI blindly in the TMS thread and not notice what PA is doing. so by this during ranging times they use to get slaughtered and if they went against the trend their trades were short lived.
If you notice there were a few succesful traders on TMS becuase they were traders that also understood the importance...
So well written, its bookmarked.Thanks!
  • #4,973
  • Feb 20, 2012 1:27am Feb 20, 2012 1:27am
Very narrow range Asian session, so the TDI cross was valid and now if the RSI PL cross MBL, would be a good sell entry .
Try to catch the first 30pips and BE my trade.
Weekly Pivot 1.3175 and Daily Pivot 1.3155 very close, may support this down flow.
Must see that price trend below these two support levels.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #4,974
  • Feb 20, 2012 1:45am Feb 20, 2012 1:45am
Quoting emmanuel7788
Very narrow range Asian session, so the TDI cross was valid and now if the RSI PL cross MBL, would be a good sell entry .
Try to catch the first 30pips and BE my trade.
Weekly Pivot 1.3175 and Daily Pivot 1.3155 very close, may support this down flow.
Must see that price trend below these two support levels.
Hard to trade this session, unless we have a break through of high of asian session.

For short, there are lots of supports underneath. Still trying to figure out this system, sometimes it seems really hard considering s&r levels, since most of them are really close to the entry point.
  • #4,975
  • Feb 20, 2012 1:48am Feb 20, 2012 1:48am
Anyone thinking this candle is the fake out and we will move higher?
  • #4,976
  • Feb 20, 2012 1:50am Feb 20, 2012 1:50am
Quoting jasonnevis
Anyone thinking this candle is the fake out and we will move higher?
we are still in range. last friday's high turned into support at 3190. i wouldn't enter any trade now.
  • #4,977
  • Feb 20, 2012 1:54am Feb 20, 2012 1:54am
Anyone's got an idea when a decission concerning Greece could fall?
Thoughts are things
  • #4,978
  • Feb 20, 2012 2:07am Feb 20, 2012 2:07am
Just entered short based on price action and TDI cross and angle....let see what happens...
Attached Image
  • #4,979
  • Feb 20, 2012 2:11am Feb 20, 2012 2:11am
Im short as well.
Price broke through Dean Malone's PAC.
  • #4,980
  • Feb 20, 2012 2:17am Feb 20, 2012 2:17am
Quoting sarmatius
Im short as well.
Price broke through Dean Malone's PAC.
are you talking about 5 EMA low (smoothed), it doesn't look like a clean break out to me yet. shall we wait until this candle close instead?
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