In boxing, all the champion's results are visible. In forex, talk is cheap.
Another simple system - Time-Frame 15
- #1,903
- May 25, 2012 1:35am May 25, 2012 1:35am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
I only use YESTERDAY Chart SET-UP for trading today. Because trend lines are still valid.
See post # 1890. Didn't add lines, just use it as it is to trade @ FO open.
There additional candle on the left side for price movement today.
Attached the same Chart for you to compare, and to show where to TP.
I'm done trading for now, see you in New York Open.
See post # 1890. Didn't add lines, just use it as it is to trade @ FO open.
There additional candle on the left side for price movement today.
Attached the same Chart for you to compare, and to show where to TP.
I'm done trading for now, see you in New York Open.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #1,906
- May 25, 2012 2:02am May 25, 2012 2:02am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,712 Posts
Let it turn and find your entry.
Greetings all.
FO did well and LO just continued, however I see a push downwards any contrary views?
Henry
It seems I may be in for a longer haul than hoped for
EDIT: When I say it could end up being a long trade, I mean long in duration. I don't mean I might change it for a buy position!
In boxing, all the champion's results are visible. In forex, talk is cheap.
- #1,909
- May 25, 2012 2:36am May 25, 2012 2:36am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
Continuation from Post #1907, Chart attached is according to this Thread set-up.
This is Counter Trend (CT) at one point the different of lowest price to EMA200 is 50 pips.
MBL (Yellow is pointing upward going for 50 lines, and Green cross Red from bottom both pointing upwards.
Volitility Band sqeeze and ready to explode. Once the price strat to move, draw trendline to get sense of direction and wait for break (closing price)
always use TDI for set-up, you couldn't go wrong. Until you fimiliar with PA, TDI will be important for your trading decision.
Low risk trade, as your SL will be only 20-25pips, if it failed.
Please note, you may want to wait for the EMA10 line to turn Grey for uptrend confirmation, ie 3 candle away.
PAT
This is Counter Trend (CT) at one point the different of lowest price to EMA200 is 50 pips.
MBL (Yellow is pointing upward going for 50 lines, and Green cross Red from bottom both pointing upwards.
Volitility Band sqeeze and ready to explode. Once the price strat to move, draw trendline to get sense of direction and wait for break (closing price)
always use TDI for set-up, you couldn't go wrong. Until you fimiliar with PA, TDI will be important for your trading decision.
Low risk trade, as your SL will be only 20-25pips, if it failed.
Please note, you may want to wait for the EMA10 line to turn Grey for uptrend confirmation, ie 3 candle away.
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #1,910
- May 25, 2012 2:45am May 25, 2012 2:45am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
now we will look at New York set up.
Go to 240m Chart, strat to draw trendline from top, then draw more lines @ 60 minutes. See what you come out with and it will be easy to interprate, when it comes to NY open.
You prepare oit now to use it later, once TDI moves according to your drawn TL, just take the Trade with proper SL.
It is going to be Low Risk and Less stressful then chasing 10-20 pips between now and NY open. Let the BIG pips comes to you later.
PAT
p/S I'm not going to show you my trendline yet, coz Im waiting for you. And please include TDI in your Chart for easy intrepatation.
Go to 240m Chart, strat to draw trendline from top, then draw more lines @ 60 minutes. See what you come out with and it will be easy to interprate, when it comes to NY open.
You prepare oit now to use it later, once TDI moves according to your drawn TL, just take the Trade with proper SL.
It is going to be Low Risk and Less stressful then chasing 10-20 pips between now and NY open. Let the BIG pips comes to you later.
PATp/S I'm not going to show you my trendline yet, coz Im waiting for you. And please include TDI in your Chart for easy intrepatation.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #1,911
- May 25, 2012 2:55am May 25, 2012 2:55am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,712 Posts
Great trade long after FO.
Profit for past 2 weeks on live account only trading EU = 51%.
Only 1 losing day.
Trust yourself.
Let it turn and find your entry.
- #1,912
- May 25, 2012 3:03am May 25, 2012 3:03am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
A/U still looks promising for a drop soon. Apart from some spikes, there has been resistance in that area, as well the RN and daily R1 lining up. It's a little over the 200EMA, but we'll see if it can stay there.
appreciateif you could post Chart to help other to understand.
Thank You
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #1,913
- May 25, 2012 3:09am May 25, 2012 3:09am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
appreciateif you could post Chart to help other to understand.
Thank You
It is based on resistance levels, round numbers and the R1 pivot point, all of which line up at pretty much exactly the 0.98 price. As you can see on the attached higher time frame chart, no candle closed above that price. If you then take the red line I drew in from the M15 chart, you can see only one candle was able to close above the 0.9788 price, which then resulted in a big sell off.
This setup didn't seem as good as the E/U short to me, hence why I swapped it, but it actually made a slightly bigger move. I think the analysis is still good on both pairs, but we won't see the move until NYO, if at all now. With their being some national holidays on Monday, we might see a quiet close for the week.
In boxing, all the champion's results are visible. In forex, talk is cheap.
Forgive my multi-post ranting, but here's where I stand now! 
I'm still happy to short the pairs mentioned, but it won't be until after the NYO. I'd like to see a small push up, followed by a signal for a short. For E/U I am not yet decided, but maybe a small move above the RN before a move back down, possible testing yesterdays' high. Although it wouldn't surprise me if it just dropped from it's current price.
For the A/U, I'd definitely like to see a test of the high from yesterday (0.9812).
For G/U, I'd like to see it go at 1.5688 before coming down.
As always, nothing is certain and it's just another way of seeing prices. We're all correct, just at different times
I'm still happy to short the pairs mentioned, but it won't be until after the NYO. I'd like to see a small push up, followed by a signal for a short. For E/U I am not yet decided, but maybe a small move above the RN before a move back down, possible testing yesterdays' high. Although it wouldn't surprise me if it just dropped from it's current price.
For the A/U, I'd definitely like to see a test of the high from yesterday (0.9812).
For G/U, I'd like to see it go at 1.5688 before coming down.
As always, nothing is certain and it's just another way of seeing prices. We're all correct, just at different times
In boxing, all the champion's results are visible. In forex, talk is cheap.
The break to the downside is starting on E/U. I was hoping they could have held out until the NYO. Would have been at +20 by now, but I just didn't want to hold a position for that long. Whether or not there is enough steam left to make it into a proper move in another thing.
Another example of sticking to the plan when times are tough
Another example of sticking to the plan when times are tough
In boxing, all the champion's results are visible. In forex, talk is cheap.
- #1,918
- May 25, 2012 3:53am May 25, 2012 3:53am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
Hi Pat,
It is based on resistance levels, round numbers and the R1 pivot point, all of which line up at pretty much exactly the 0.98 price. As you can see on the attached higher time frame chart, no candle closed above that price. If you then take the red line I drew in from the M15 chart, you can see only one candle was able to close above the 0.9788 price, which then resulted in a big sell off.
This setup didn't seem as good as the E/U short to me, hence why I swapped it, but it actually made a slightly bigger move. I think the analysis is...
. already short soem, while waiting for NYO
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #1,919
- May 25, 2012 3:56am May 25, 2012 3:56am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,712 Posts
Let it turn and find your entry.
Good post & analysis
PAT
My standard move now is to close half at +10 and set the rest to BE, which is where I'd been if I'd just had the balls to stay with the plan
In boxing, all the champion's results are visible. In forex, talk is cheap.