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  • #7,361
  • May 17, 2012 6:14am May 17, 2012 6:14am
Quoting JamesBranson
Good trade mate; what I like the most is how much room you gave it.....in the worst case you would lose 0.5 unit as I imagine you would exit if it broke above the Asian range?........and not being to greedy gives you a much smoother equity curve!
thanks J!

you are absolutely right that I am watching PA if it rebound and move above the Asian H. I would cut loss early.
Took me a long time to learn how manage the fear and greed factors while trading....still struggle with these everytime.

For the benefit of others, the initial SL was -35pips (R), and I looked at the ATR(10) on both H1 and H4. Yesterday was narrow range, so it is either I take the ATR(10) on H4 which is about 37pips or 2xATR(10) on H1 which is 2x14pips. In the end, it is 3 pips above yesterday's high.

This trade is now BE with 60% exit at +35pips. Nice timing one hour before NYO.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 20 17 Mar H1 trade update TP1 17-5-2012 6-53-43 PM.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,362
  • May 17, 2012 6:16am May 17, 2012 6:16am
Quoting Vantage
1hr strategy cutting through all the general comments on price action.

Daily TDI crossed down then look for 1hr TDI crossed down sell signals.
Daily TDI crossed up then look for 1hr TDI crossed up buy signals.

Daily TDI can stay crossed in one direction for 4 - 6 weeks at a time giving lots of 1hr signals.
hello vantage,
Thanks for your tips, I think I was a little more enlightened.
I will try to practice more
  • #7,363
  • May 17, 2012 6:45am May 17, 2012 6:45am
Quoting Vantage
1hr strategy cutting through all the general comments on price action.

Daily TDI crossed down then look for 1hr TDI crossed down sell signals.
Daily TDI crossed up then look for 1hr TDI crossed up buy signals.

Daily TDI can stay crossed in one direction for 4 - 6 weeks at a time giving lots of 1hr signals.

hello vantage,
Thanks for your tips, I think I was a little more enlightened.
I will try to practice more.
  • #7,364
  • May 17, 2012 7:28pm May 17, 2012 7:28pm
Hi,

Yesterday' H1 trade closed with +35pips for 60% of my position.
Can't complain about this trade as it is in the 3rd week of the bearish move and may look like a consolidation period in lower timeframe.

The D1 TDI crossed on 2 May and is now deep below the 32 level. It can remain below this 32 level until PA will show us the next move.

Will wait and see how market will unfold today.

Like many believe, forex trading can be simple by just looking at the chart for setup and trade. But then what is really your edge.

Now back to reading book on "What moves the currency market" by Kathy Lien.
Attached a short pdf on this same title.


Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 20 H4 18 May update 18-5-2012 7-55-14 AM.png Size: 107 KB
Attached File(s)
File Type: pdf What_moves_the_currency_market.pdf   833 KB | 889 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,365
  • May 17, 2012 7:46pm May 17, 2012 7:46pm
Quoting Carvasi
In case the video yeah right dont know how can it help with trading
Anyway is that system works well on side ways market? becasue as for me it looks preaty much like a trend following which fails on side ways market, correct me if I am wrong

hi Carvasi,

I read a lot what people say about trending and sideway or ranging market conditions.
S3 H1 and H4 work well when there is trending conditions in the timeframes which I learn.
But then, how will I know if the market condition will go sideway before I decide to take a trade.
On the other hand, we also will not know if the trade will run into a trending mode, but when it does, how will you maximise profit in the trend run.

I rather focus more on money management, position sizing and trade/exit management which will I believe is one of the keys to successful trading.

Yesterday EU H1 trade is an example.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,366
  • May 18, 2012 4:32am May 18, 2012 4:32am
Hi,

today no H1 trade when LO. See chart for details.

Now watching PA if it trade above Asian high or else wait till NYO to see if there will be a good sell setup.

G8 meeting today and tomorrow... so market looks like it is going slow.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 18 May 18-5-2012 4-04-57 PM.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,367
  • May 18, 2012 7:40pm May 18, 2012 7:40pm
Quoting emmanuel7788
that depends on what timeframe you trade and whether you trade with the main trend or in the counter trend.

price move in waves, so I use the EW channeling method to identify the waves and also to project the wave movement. With the channels drawn, you can trade both the main wave or the sub-wave.

in this USDCHF trade, it was done on H4 which I consider to be a swing trade. The main wave is UP and we use D1 TDI to confirm. Also the D1 MBL is showing bullish.

however, on H4 there may be corrective sub-wave which we can also trade using...
Hi emmanuel, is ew channel theory is the one told in
http://www.ew-forecast.com ?
  • #7,368
  • May 18, 2012 8:10pm May 18, 2012 8:10pm
Quoting Vantage
Emmanuels chart comments contains such simple terms it may surprise you how much great info is there.

If you are new you might consider trading 1hr set ups in line with D chart TDI crosses or 4hr TDI crosses. Failing that have a good study of D supp/resistance levels. For example we are bouncing in the general area of D support see around 9-17 Jan. Yesterday was a doji close at this supp level also perhaps reason to be careful.

If you stood aside today you might miss a potentially good trade sure, against that I'd say look after 2 Feb when...
Hi Vantage,

I really respect your idea about trading the 1h or 4h crosses on D1 direction it really is so simple and the right way to go, what I wonder is if there is a way to have an indicator to alert when any pair have 1h or 4h cross in the D1 direction , similar to candle confluence .As we dont look at all pairs all the time I'm sure we are missing a lot of perfect crosses.

Regards
  • #7,369
  • May 18, 2012 8:15pm May 18, 2012 8:15pm
Quoting Vantage
1hr strategy cutting through all the general comments on price action.

Daily TDI crossed down then look for 1hr TDI crossed down sell signals.
Daily TDI crossed up then look for 1hr TDI crossed up buy signals.

Daily TDI can stay crossed in one direction for 4 - 6 weeks at a time giving lots of 1hr signals.
Yeah, someone please make a dashboard showing cross confluences with an alert !!!
  • #7,370
  • May 20, 2012 8:06am May 20, 2012 8:06am
Do you have reasons to smile like these two?
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,371
  • May 20, 2012 8:15am May 20, 2012 8:15am
Hi,

Dr. Van Tharp is famous for saying:
"Traders do not trade the markets; they trade their beliefs about the markets.

An old article by Boris Schlossberg, ... worth a read.

so you want to trade purely technical? or fundamental? or why not a bit of BOTH?

what is your edge really?

what will move the markets next week?

Be ready for week 21!

Attached File(s)
File Type: pdf Forex What is Your Trading Style.pdf   79 KB | 808 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,372
  • May 20, 2012 8:29am May 20, 2012 8:29am
Trading requires patience, ... lots of it. What is also important is to stick to your beliefs.

NZDUSD – 600 pips move ...
The wait started in week 11
Page442 post #6628

http://www.forexfactory.com/showthread.php?p=5483321#post5483321

To those who took the trades, you must have good reason to be smiling.
But I will cover my positions when Monday open. Be tight as possible.
There will always be opportunity to SELL again, but SELL High is always a better idea.

Good Trading!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD week 11 PosT 16-3-2012 6-58-29 PM.png Size: 31 KB
Click to Enlarge Name: NZDUSD Week 21 outlook 20-5-2012 8-41-00 PM.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,373
  • May 20, 2012 8:37am May 20, 2012 8:37am
Quoting okanemici
Hi emmanuel, is ew channel theory is the one told in
http://www.ew-forecast.com ?

hi Okan,

the EW channeling technique I learned is different from your website.
please go to :

Page 487 post#7296
http://www.forexfactory.com/showthre...96#post5637296


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,374
  • May 20, 2012 8:59am May 20, 2012 8:59am
just joining thread
"The person who knows that enough is enough, will always have enough". .
  • #7,375
  • May 20, 2012 1:29pm May 20, 2012 1:29pm
Quoting emmanuel7788
Trading requires patience, ... lots of it. What is also important is to stick to your beliefs.

NZDUSD – 600 pips move ...
The wait started in week 11
Page442 post #6628

http://www.forexfactory.com/showthread.php?p=5483321#post5483321...
Thanks for the perfect charts Emmanuel, I managed to get some 100 pips from that drop but must have ride more, in return to your perfect analysis and kind responses ,with the open of the new tokyo session I'll share if nzdusd short still in play or not and add some more trades that I take.

Regards,

Okan
  • #7,376
  • Edited 7:56pm May 20, 2012 5:07pm | Edited 7:56pm
Hi Emmanuel,

nzdusd short is in play , at the moment nzdcad short seems also more tempting .nzdyen short is also still a strong play as it was one of the big shorts in may.And gbpnzd long still might shoot up !!!

nzdusd sure short ep 0.7555 tp 0.75 or more sl :0.7575

nzdcad is also short, audusd audcad is also sure shorts.

Gbpnzd long also is in play ep 2.091 tp 2.10 sl 2.080

Cadchf short below 0.9189 monthly close is a tempting one for 150- 200 pips .That is the only pair playing around monthly open and close so once it pass it is gonna be a big move I believe.

Regards,

Okan

EDIT : TOKYO OPEN pushed the risk on button sell usd sell yen , we will see which way true 2 hours past london session after what market has to do trick people etc

Quoting emmanuel7788
Trading requires patience, ... lots of it. What is also important is to stick to your beliefs.

NZDUSD – 600 pips move ...
The wait started in week 11
Page442 post #6628

http://www.forexfactory.com/showthread.php?p=5483321#post5483321...
  • #7,377
  • May 21, 2012 8:43am May 21, 2012 8:43am
a perfect H4 trade if u all agree

same set up is there for EU and USDCHF buit if u all agree this i cna get the power to go for other two trades...
Attached Image (click to enlarge)
Click to Enlarge Name: perfect eg.jpg Size: 123 KB
  • #7,378
  • May 21, 2012 9:20am May 21, 2012 9:20am
Hi Yogosheema,
Yes these all seem to be valid trades, I personally would not take both the EUR/USD and USD/CHF trades as I see them as more or less the same trade, but that's just my rules, yours may differ, dont let me influence you if your plan says take all 3 , then take all 3. For me just the EUR/USD & EUR/GBP....and I realize I am shorting the EUR twice but my rules allow me to be long or short on a single currency for up to 2 units.....also the EUR/USD did not cross the signal line until the start of the 3 bar (unless you enter 'mid' bar) but again my rules allow me to enter on 3 rd bar if either of the first 2 bars were 'visual' dojis....which the first bar was.
J
  • #7,379
  • May 21, 2012 2:50pm May 21, 2012 2:50pm
So EUR/GBP trade was a -1 loss and EUR/USD was a -0.5 loss (exited on reversal candle)....no matter, all part of the game.........keep a look out for bounce trades on both.
J




Quoting JamesBranson
Hi Yogosheema,
Yes these all seem to be valid trades, I personally would not take both the EUR/USD and USD/CHF trades as I see them as more or less the same trade, but that's just my rules, yours may differ, dont let me influence you if your plan says take all 3 , then take all 3. For me just the EUR/USD & EUR/GBP....and I realize I am shorting the EUR twice but my rules allow me to be long or short on a single currency for up to 2 units.....also the EUR/USD did not cross the signal line until the start of the 3 bar (unless you enter 'mid' bar)...
  • #7,380
  • May 21, 2012 5:39pm May 21, 2012 5:39pm
Quoting yogesheena
a perfect H4 trade if u all agree

same set up is there for EU and USDCHF buit if u all agree this i cna get the power to go for other two trades...
Hi Yogesheena,

Your mistake is not considering the D1 tdı cross and direction.Since the d1 cross was up, shortng with a h1 and h4 cross down would only be a suicide, I know that channel bounce made you sure about it, but that channel line is nothing just a line.Big boys dont even see that line. What you need to do is using mtf tdi.Since the d1 was up you need to wait for 1h and 4h to cross up then long it.Here is the indicator to do that.You need 1h, 4h and d1 tdi on chart.When all are in same direction with a cross go for it.

If you make auto time frame false you can set your high tf or it set the higher tf for you.

For instance, nzdusd long and gbpnzd short all 3 tf tdi are in same direction right now !!!
Attached File(s)
File Type: mq4 TDI-MTF v1.02.mq4   7 KB | 470 downloads
File Type: mq4 Traders_Dynamic_Index.mq4   9 KB | 364 downloads
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