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  • #7,521
  • Edited Jun 8, 2012 3:22am Jun 7, 2012 10:44pm | Edited Jun 8, 2012 3:22am
Hi,

Some recent observations I made using the 4H method.
I borrowed JB' chart on post#7502 and make some comments on that chart.

Anyone have other experience to share?

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: euraud H4 study.gif Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,522
  • Jun 7, 2012 10:54pm Jun 7, 2012 10:54pm
Yeah,should wake up earlier go for a run n prepare my mind for the market,you took a trade at asian session? my keyboard run out of battery this powerlogic keyboard eats batteries i am using my onscreen keyboard so slow lol, been reading at here alot,its a wealth of knowledge real traders real trades and generous sharing here. doing my backtest n studies n prepare for london opening
  • #7,523
  • Jun 7, 2012 11:07pm Jun 7, 2012 11:07pm
Quoting Fxaddicts
Yeah,should wake up earlier go for a run n prepare my mind for the market,you took a trade at asian session? my keyboard run out of battery this powerlogic keyboard eats batteries i am using my onscreen keyboard so slow lol, been reading at here alot,its a wealth of knowledge real traders real trades and generous sharing here. doing my backtest n studies n prepare for london opening

my advice:
get rid of the keyboard fast and get a proper one. no more excuses, LOL.

yes, I wake up early by broker SMS price alert. otherwise usually I am up by 5am here (GMT2100) listen to BBC radio.

looks like market will be volatile today so look for price momentum.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,524
  • Edited Jun 8, 2012 1:04am Jun 7, 2012 11:16pm | Edited Jun 8, 2012 1:04am
Hi,
Just took partial profits and BE my trades.
Now wait and look for opportunity to add-in positions.
Question: Is this the resumption of the downtrend ?
or just a small correction of the bigger correction?

Never know how the market will unfold.
Only disciplined trade management will help me survive this market.

Trade Well everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 23 H4 trade 7 Jun update 8-6-2012 12-08-56 PM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,525
  • Jun 7, 2012 11:36pm Jun 7, 2012 11:36pm
here is a good video to watch in case you do not have this in your email yet.

http://www.compassfx.com/video/ip/60712/60712.html
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,526
  • Jun 8, 2012 3:20am Jun 8, 2012 3:20am
Hi,

Anyone caught good H1 trade entries?

Good momentum continuation setups.

M15 is the way to get in good timed entries.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,527
  • Jun 8, 2012 3:26am Jun 8, 2012 3:26am
HI emma, i shorted eu at 1.2498 on h1, hope i can earn from this n go buy my keyboard lol i see h1 close below 200ema h4 also below the purple line 60ema
  • #7,528
  • Jun 8, 2012 3:45am Jun 8, 2012 3:45am
Quoting Fxaddicts
HI emma, i shorted eu at 1.2498 on h1, hope i can earn from this n go buy my keyboard lol i see h1 close below 200ema h4 also below the purple line 60ema
very nice!
that's a good entry when LO I think.
you can buy many keyboards - one for left hand, one for right hand, LOL.
few for other traders.


try to ride the way down. seldom you get such good moves.
do you know the jumping stop management method? not the usual trailing stop what broker platform offer.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,529
  • Jun 8, 2012 3:52am Jun 8, 2012 3:52am
i will definitely buy one for u emma wireless one somemore got upcoming pc show whats the jump method about?can share this method? i am thinking of riding this one just that i see tdi at 32 region
  • #7,530
  • Jun 8, 2012 4:02am Jun 8, 2012 4:02am
Quoting Fxaddicts
i will definitely buy one for u emma wireless one somemore got upcoming pc show whats the jump method about?can share this method? i am thinking of riding this one just that i see tdi at 32 region

not so easy to explain jumping stop method using post.
will find time and prepare some writing then PM you.

dont bother with TDI level 32. price can still continue go lower when under 32 .. can go down to level 10 too.

look at the PA bar by bar ,
PA>trend>momentum> strength... remember this always.

look at intraday support and resistance.
where are daily pivots S2 and S3?
on very bearish days, can hit S2 and then S3.
weekly pivot i 1.2425 below too.
just manage the stops, if you use PAC on H1 , just trail at the upper PAC after you BE trade level.
60 to 70pips should be insight for LO entry @1.2498.

manage manage manage
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,531
  • Jun 8, 2012 4:03am Jun 8, 2012 4:03am
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 Emmanuel we were sellers.

Whilst the D tdi has not crossed lower the reaction to 2625, D shooting star neg close yesterday and 4 hr cross lower have perfect set up to sell the right candles this morning.

In the above post also spoke about the order flow clearly seen on 1hr at the time was hh/hl which suggested move lower was not entirely likely - then. Well yesterday in US session and this am Asian session we got a 1hr lh/ll to bring likely moves back as sells.

Relatively straight forward sells this am.

We use 5 min for timing of sells not 15 min once out higher TF falls into place.
  • #7,532
  • Jun 8, 2012 4:08am Jun 8, 2012 4:08am
Whilst I still have 2450 as a support area (you'll need M chart to see it going back to 2006 and again in 2008/9) a strong neg close on eur today would complete a D chart evening star pattern in downtrend which should = more downside to come.
  • #7,533
  • Jun 8, 2012 4:13am Jun 8, 2012 4:13am
Quoting Vantage
Yes Emmanuel we were sellers.

Whilst the D tdi has not crossed lower the reaction to 2625, D shooting star neg close yesterday and 4 hr cross lower have perfect set up to sell the right candles this morning.

In the above post also spoke about the order flow clearly seen on 1hr at the time was hh/hl which suggested move lower was not entirely likely - then. Well yesterday in US session and this am Asian session we got a 1hr lh/ll to bring likely moves back as sells.

Relatively straight forward sells this am.

We use 5 min for timing of sells...
Hi Vantage,
I read your 2 earlier posts and that did gave me more confidence what I see on my chart this week.
I was a little too focus initially on the correction which may end up as reversal but the D tell the main story.
Really having a good week.
Thanks to you.
Always good to read your posts here and showing us the way to read the market.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,534
  • Jun 8, 2012 4:17am Jun 8, 2012 4:17am
Quoting Vantage
Whilst I still have 2450 as a support area (you'll need M chart to see it going back to 2006 and again in 2008/9) a strong neg close on eur today would complete a D chart evening star pattern in downtrend which should = more downside to come.
yup! the D closing today is a very bearish pattern for more selling to follow.

nevertheless, I will be clsoing all my trades before NY close today.
all the market remours not worth taking more risk than necessary.

market will still open on monday and will trade again.

that's all the fun about trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,535
  • Jun 8, 2012 4:20am Jun 8, 2012 4:20am
Quoting emmanuel7788
Hi Vantage,
I read your 2 earlier posts and that did gave me more confidence what I see on my chart this week.
I was a little too focus initially on the correction which may end up as reversal but the D tell the main story.
Really having a good week.
Thanks to you.
Always good to read your posts here and showing us the way to read the market.

Regards,
My goodness you are too kind sir.

OK another little tip. If 2450 was a key level have a look at 29 May and the relatively small reaction/move up. A smaller reaction on todays close should = more downside, we'll see.

D for now (we'll see how we close) is clearly on lh/ll's so the downtrend still nicely intact.
  • #7,536
  • Jun 8, 2012 4:33am Jun 8, 2012 4:33am
hi vantage, just pin your blog as a app tab,will be reading through yr blogs, thanks alot for sharing, first read will be the multi time frame analysia. hi emma, thanks for taking time to share with me the jump method, my typing sucks with on screen keyboard lol
  • #7,537
  • Jun 8, 2012 4:46am Jun 8, 2012 4:46am
Quoting Fxaddicts
hi vantage, just pin your blog as a app tab,will be reading through yr blogs, thanks alot for sharing, first read will be the multi time frame analysia. hi emma, thanks for taking time to share with me the jump method, my typing sucks with on screen keyboard lol
Whilst I personally think MTF analysis is the way to go and gives a significant advantage IF anyone were to trade this 1hr method strictly I would suggest they get well acquainted with what some call order flow. I'd call it 1hr higher highs/higher lows or lower highs/lower lows and focus on 'seeing' them well.

Pin my blog as a app tab - hey I'm 52 not sure if you are swearing at me or speaking Greek. Either way I haven't a clue what you're on about.
  • #7,538
  • Jun 8, 2012 4:50am Jun 8, 2012 4:50am
Quoting emmanuel7788
yup! the D closing today is a very bearish pattern for more selling to follow.

nevertheless, I will be clsoing all my trades before NY close today.
all the market remours not worth taking more risk than necessary.

market will still open on monday and will trade again.

that's all the fun about trading.
Just spoke to Mrs V she is out already due to the problem that 2450 might give.
  • #7,539
  • Jun 8, 2012 4:50am Jun 8, 2012 4:50am
Hi,

I am a silent follower in the past weeks but now I would like to share with you my last EURUSD H4 trade. I entered right after TDI cross and even that was a doji the divergence and the strong down trend supported my decision to enter. I hit my tp of 114 pips.

Thanks for emmanuel to take care of this thread and Vantage for the valuable hints and infos.

thrax
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4_strategy name_20120608124559.gif Size: 21 KB
  • #7,540
  • Jun 8, 2012 4:57am Jun 8, 2012 4:57am
Quoting thrax
Hi,

I am a silent follower in the past weeks but now I would like to share with you my last EURUSD H4 trade. I entered right after TDI cross and even that was a doji the divergence and the strong down trend supported my decision to enter. I hit my tp of 114 pips.

Thanks for emmanuel to take care of this thread and Vantage for the valuable hints and infos.

thrax
A great trade, keep 'em coming.

I'll second the 'thanks' emmanuel for keeping things going here with some good analysis. I unfortunately don't get as much time as I'd like but do try to chip in when I can.

all round today!!
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