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  • #7,481
  • Jun 7, 2012 12:09am Jun 7, 2012 12:09am
Hi All
to all who are trading EU H1 LO, here is what I am doing right now just as Tokyo 5H is about to close.
- open EU h1 chart look the the first 5 hours of Tokyo session, mark the high and low
- go back to H4 and look at the last time TDI cross, draw a vertical line at the cross point, use colour like green for cross up. Make sense?
- what is the H4 TDI condition like, is TDi cross about to take place? just take note of it. Until the TDI is confirmed, the current H4 cross is still UP!
- go back to H1, study the TDI, what does the Blue band look like? widening or narrowing?
- if you use daily pivots, where is the DPv and R1 and S1?
- where is yesterday's high low, draw a fibo from the low to high. If PA later break yesterady high, you can target the fib-r 127% and 138%.
- Note yesterday high is also current day high. ***
- if PA retraces from Tokyo high, you can trade this retracement using the fibo levels or the daily pivots DPv and S1.
- remember TDI cross on H1 is best use for confirmation, PA leads for early entry method.
- ADR for EU is 107pips for the last 10 days.
- Tokyo 5H range is about 30pips as I type this now. *** Good trade potential.
- weekly pivot WPv is 1.2425, I use as still support for this week H4 trading.
- look for PA> Momentum> ... bang entry!
- the rest depends on your trade management skills. it is a battle in your mind you have to fight not to fight the market.

***Good S3 H1 EU trade potential today LO and also NYO.
Just practice and see how many pips you can get of the market today.

Trade Well !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,482
  • Jun 7, 2012 12:56am Jun 7, 2012 12:56am
- open EU h1 chart look the the first 5 hours of Tokyo session, mark the high and low- completed

- go back to H4 and look at the last time TDI cross, draw a vertical line at the cross point, use colour like green for cross up. Make sense? Hi emma can u elaborate more on this? what is the purpose of drawing a vertical line on the last TDI cross on H4?

- what is the H4 TDI condition like, is TDi cross about to take place? just take note of it. Until the TDI is confirmed, the current H4 cross is still UP!
if H4 Tdi still does not cross, does it mean that i could not execute the h1 breakout?

- go back to H1, study the TDI, what does the Blue band look like? widening or narrowing? Blue band is narrower than previous

- if you use daily pivots, where is the DPv and R1 and S1?
Completed, i assume these are for profit taking levels.

- where is yesterday's high low, draw a fibo from the low to high. If PA later break yesterady high, you can target the fib-r 127% and 138%.
I had actually plan this in my trade plan as well but market sentiments still pretty much bearish on eu, i am quite scare to do a long although that is my trade plan

I am actually planning for a breakout trade from asia session as it is pretty tight
  • #7,483
  • Jun 7, 2012 1:31am Jun 7, 2012 1:31am
Quoting Fxaddicts
- open EU h1 chart look the the first 5 hours of Tokyo session, mark the high and low- completed

- go back to H4 and look at the last time TDI cross, draw a vertical line at the cross point, use colour like green for cross up. Make sense? Hi emma can u elaborate more on this? what is the purpose of drawing a vertical line on the last TDI cross on H4?

- what is the H4 TDI condition like, is TDi cross about to take place? just take note of it. Until the TDI is confirmed, the...
Hi,

drawing the TDI H4 cross line will help you remember on the H1 chart that the H4 TDI is still UP. The H4 TDI BB is also widening, until I see a strong bearish reversal setup on H4 and confirmed with H4 TDI cross down, my bias is still BUY.
H1 TDI narrowing band is good to see now since this means there is breakout potential which need the volatility to increase.

You need to be prepared for breakout in either directions ... UP or DOWN, this is the tricky part but you must be prepared and ready when you see the PA.

If you are scared or afraid to trade, that means you are not prepapred and not ready for trading. Stand aside and watch.

Other than breakout trade,
you must always remember the basic rule:
BUY low SELL high!

Trade Well!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 23 H1 7 Jun 7-6-2012 2-16-03 PM.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,484
  • Jun 7, 2012 2:14am Jun 7, 2012 2:14am
This is a nice setup on H1, TDI cross, second candle, 5 EMA sloping downwards. my only concern is it may be to close to the 50, what do you think.
Attached Image (click to enlarge)
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  • #7,485
  • Jun 7, 2012 2:18am Jun 7, 2012 2:18am
i think emma mention about the h4 hrs bias currently is still up, if it turns down then it will be even better with the tdi crossing down, i did a eu short though at 1.2552, I confirm along with a bearish engulfing pattern on h1 n took with the tdi bounce down, gotta see how it goes
  • #7,486
  • Jun 7, 2012 2:19am Jun 7, 2012 2:19am
I just noticed that this thread has reached page 500, congrats!
  • #7,487
  • Jun 7, 2012 2:27am Jun 7, 2012 2:27am
i think we will eventually turn this into a 1000page tread just like the trading made simple tread!!! GOGOGOGO
  • #7,488
  • Jun 7, 2012 2:32am Jun 7, 2012 2:32am
Quoting Fxaddicts
i think emma mention about the h4 hrs bias currently is still up, if it turns down then it will be even better with the tdi crossing down, i did a eu short though at 1.2552, I confirm along with a bearish engulfing pattern on h1 n took with the tdi bounce down, gotta see how it goes
well, TDI H4 was UP yesterday, but I made CT sell trade with +35pips.
we need to see the day range if there is enough room potential for intraday trades in both directions. We never know which direction market will go, so we follow the S3 rules and manage very closely when we do CT trades.
H4 is UP so we can look for H1 price pullback, ... BUY low, right?
just like yesterday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,489
  • Jun 7, 2012 2:37am Jun 7, 2012 2:37am
Quoting cajun
This is a nice setup on H1, TDI cross, second candle, 5 EMA sloping downwards. my only concern is it may be to close to the 50, what do you think.
well, it is vary narrow range trading the past many hours. Need to see a burst in PA.
there are obvious many buyers stops below and profit taking will bring price down a little,
this attract more sellers with stops above,
market players will clears many stops below and above first, ... then it will decide the next move.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,490
  • Jun 7, 2012 2:41am Jun 7, 2012 2:41am
Well i got in on the 15TF for a +15, glad i closed when i did because it is heading back up. In this up and down market i am trading mostly on the 15TF confirming with the H1. I am not ready to commit myself to long term trades until this market settles down and gets back to normal, if ever that happens.
  • #7,491
  • Jun 7, 2012 2:52am Jun 7, 2012 2:52am
Quoting cajun
I just noticed that this thread has reached page 500, congrats!
reaching 500 pages mark???

is that a GOOD or BAD thing?

first-timers will need to start from post#1 and get this far now....lomng way to go.

is there a short cut? or a quck way wqithout reading all the pages/posts.?

tough, isn't it.

life to be trader is like studying to be a doctor or a lawer. they spend lots of hours in Uni then when they graduate, they still don't work for the rest of their career. instead they practice practice practice everyday.
That's why they call medical practice, legal practice,..

we are traders, so it is our practice too.

Enjoy life.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,492
  • Jun 7, 2012 3:15am Jun 7, 2012 3:15am
Quoting emmanuel7788
reaching 500 pages mark???

is that a GOOD or BAD thing?

first-timers will need to start from post#1 and get this far now....lomng way to go.

is there a short cut? or a quck way wqithout reading all the pages/posts.?

tough, isn't it.

life to be trader is like studying to be a doctor or a lawer. they spend lots of hours in Uni then when they graduate, they still don't work for the rest of their career. instead they practice practice practice everyday.
That's why they call medical practice, legal practice,..

we are traders, so it is our...
Wew. glad i got on this from the beginning, lots of beginners doesn't take the time to read, study, backtest, etc. before asking questions which is to there disadvantage, At least read the PDF and X-MAN put together for the rules and setups.
Well, just made +20 on the 15M, having a good start today, hope it continues, trying to catch the small up and down movements until we get a nice trend. Took this sell trade based on the pullback candle.
Attached Image (click to enlarge)
Click to Enlarge Name: eu h15.gif Size: 24 KB
  • #7,493
  • Jun 7, 2012 3:21am Jun 7, 2012 3:21am
The 5ema has crossed below the 55ema on the 15M but not on the H1 and H4, therefore be extra careful if you are going to scalp.
  • #7,494
  • Jun 7, 2012 3:41am Jun 7, 2012 3:41am
Quoting cajun
This is a nice setup on H1, TDI cross, second candle, 5 EMA sloping downwards. my only concern is it may be to close to the 50, what do you think.
Not saying it won't go down (heck I've been screaming sell for weeks now) but Y was a very strong pos close, D trend line broken upside, 16 Jan res level is 2625 so a way to go still, D crossed up, 1hr most recent flows are hh/hl's.

So whilst we could always fall things could go either way today.
  • #7,495
  • Jun 7, 2012 4:19am Jun 7, 2012 4:19am
Quoting Vantage
Not saying it won't go down (heck I've been screaming sell for weeks now) but Y was a very strong pos close, D trend line broken upside, 16 Jan res level is 2625 so a way to go still, D crossed up, 1hr most recent flows are hh/hl's.

So whilst we could always fall things could go either way today.
Yes i agree it could go either way, lots of news today including Bernie, that's why i am scalping the M15 and catching the up and down moves, settings are TP20 and SL20.
Just hit another TP20 on an upward move on 15M, +55 for today, reached and surpassed my +50 per day goal. May sit out til all this news blow over.
Attached Image (click to enlarge)
Click to Enlarge Name: eu h15.gif Size: 23 KB
  • #7,496
  • Jun 7, 2012 4:22am Jun 7, 2012 4:22am
Just made entry EP 1.2567.
any guess what the setup pattern?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,497
  • Jun 7, 2012 4:37am Jun 7, 2012 4:37am
hi emma, i guess its a pull back candle with bounce off asia low?

hi cajun, is it good to look at 15mins chart when mkt is ranging? nice pips u gotten.

I gotten nothing today close off my earlier trades with no good momentum in the market, seems like the big move going to happen at the US sesison
  • #7,498
  • Jun 7, 2012 4:42am Jun 7, 2012 4:42am
Some good and not so good luck.....missed the fake down move at the first cross down as I place my orders just the other side of the new 4H bar opens.....got in on the 'bounce' trade short but then got taken out by a 90 pip spike in the night.....made just over 1 unit so all good!
J
Attached Image (click to enlarge)
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  • #7,499
  • Jun 7, 2012 5:06am Jun 7, 2012 5:06am
Quoting Fxaddicts
hi emma, i guess its a pull back candle with bounce off asia low?

hi cajun, is it good to look at 15mins chart when mkt is ranging? nice pips u gotten.

I gotten nothing today close off my earlier trades with no good momentum in the market, seems like the big move going to happen at the US sesison
Well i know the rules of this system is on H1 and H4 TF but with a ranging market you may have to wait forever for a setup on higher TF which is not bad, but sometimes you have to bend the rules some which i know X-MAN does this himself and i think emma has taken trades on lower TF, therefore i have been trading mostly the 15M with good results this week, i just take what i can and get out as soon as i see a movement in opposite direction and wait for the next setup.
I am an aggressive trader therefore i don't mind taken chances on lower TF.

Good Luck
cajun
  • #7,500
  • Jun 7, 2012 5:16am Jun 7, 2012 5:16am
Quoting emmanuel7788
Just made entry EP 1.2567.
any guess what the setup pattern?
I'm going with the Bullish Inside Bar?
1 pip at a time ... if the entries are strong, the rest will follow ...
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