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  • #7,601
  • Jun 13, 2012 6:12pm Jun 13, 2012 6:12pm
Quoting Vantage
D had a reasonably solid positive close Y but bumped up against the R at 5600. That is proving to be a key level. 4hr last close was positive but with divergence. 1hr is showing a pos close, shooting star, negative close for an evening star pattern (normally a good downside pattern) with divergence. The 1hr is on a significant hl (admittedly from Asian session) with a marginally hh. Normally I have view that the weaker bounce lower from 5600 should = more upside.

So theres lots of reasons to say up and lots to say down. I'd like to see a solid...
Agree on the whole range discussion - most pairs trading quite tight with no major news events - they are all probably watching the Euro 2012 - lots of possibilities with inside candle patterns on D and no trades currently triggering.

Sitting out is a definitive decision, and cash is always a healthy position - no point in trading if it doesn't meet your rules
"To live with Passion, it takes Courage and Grace to survive"
  • #7,602
  • Jun 13, 2012 8:28pm Jun 13, 2012 8:28pm
Quoting yogesheena
yes it did but the same result , it shows nothing,charts gets hang and after some time time the indicator window on chart shows nothing at all

some one plz plz plz plz plz help

hi yogesheena,

I know it can be frsutarting when MT4 crashes without error message.

which MTF TDI indicator do you use? can you post it here. ( .mq4 file please)
also post the template .tpl you saved on your PC, ...
and I'll take a look at it.

how many different TF TDI do you want on your chart?

my experinence using MT4 is that it cannot handle too many charts with several MTF type indicators. slows down the startup and sometimes freezed and crashes.

keep your MT4 profile simple with only a few charts and DO NO overload with so many indicators

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,603
  • Jun 13, 2012 8:38pm Jun 13, 2012 8:38pm
Quoting Wqiang
We sell straight away?

hi Wqiang
I did not see your post reply earlier.
this is your #2 post and I think the FF moderator had to look at your post before it shows in this thread.

anyway, did you sell? if you did you are in the money.

it is important to know the S3 basic rules and apply them consistently.

other kinds of setups like the one I posted is discretionary and therefore is a matter of the individual trader preference.
In addition to the basic S3 setups, I do have some of my own setups.

You can follow the S3 basic rules initially and as you gain more trading experience, you can include some of your own setups conditions in addition to the basic ones.

The key is to use Price Action setups and Support and Resistance.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,604
  • Jun 14, 2012 1:16am Jun 14, 2012 1:16am
Hi,

just made a trade entry after Tokyo sushi time.

EP 1.5513
SL 1.5533
TP1 1.5487
TP.2 - 1.5456

*** H4 continuation
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,605
  • Jun 14, 2012 2:01am Jun 14, 2012 2:01am
Quoting emmanuel7788
Hi,

just made a trade entry after Tokyo sushi time.

EP 1.5513
SL 1.5533
TP1 1.5487
TP.2 - 1.5456

*** H4 continuation
Nice I see you reached your TP1 quickly!

Qustion: I have an upward trendline running on my 4h and your TP1 is below that. Do you think we are going to get a trend reversal at this point?

Seems to me that the price should bounce of the trend line and continue upward on the 4h.
"It always seems impossible until it is done" Nelson Mandela
  • #7,606
  • Edited 2:32am Jun 14, 2012 2:10am | Edited 2:32am
Quoting Rhino101
Nice I see you reached your TP1 quickly!

Qustion: I have an upward trendline running on my 4h and your TP1 is below that. Do you think we are going to get a trend reversal at this point?

Seems to me that the price should bounce of the trend line and continue upward on the 4h.

I think the TL you mentioned is connecting the day lows of the last 9 days lows, right?

today, I am trading the fibo-r of yesterdays high-low.
nice H1 bearish setup on H1 GMT0500 just after Tokyo 5H high and that is fibo-r 38%.

** there was momentum on M15 .

EP was at open of GMT0600 candle, near fibo-r 28%.
expect price to hit yesterday low , my TP1

TP2 is fibo-e 127%. If this does not happen, I look for bullish reversal back up to the fibo-r levels above.

hope this explains clearly how I traded this one.

***update just added chart

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 24 H1 14 Jun14-6-2012 3-26-24 PM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,607
  • Jun 14, 2012 2:35am Jun 14, 2012 2:35am
Quoting emmanuel7788
I think the TL you mentioned is connecting the day lows of the last 9 days lows, right? ..................
.............TP2 is fibo-e 127%. If this does not happen, I look for bullish reversal back up to the fibo-r levels above.

hope this explains clearly how I traded this one.

***update just added chart

regards,

Yep that's the trendlline...

Excellent, thanks for the reply
"It always seems impossible until it is done" Nelson Mandela
  • #7,608
  • Jun 14, 2012 5:41am Jun 14, 2012 5:41am
hi guys.
I am done for today
two small lossing trades
first one is a long trade.
this is really a mistake.
when price broke asia session's high.
i didn't rush to enter,because the tdi is not clear atm.
so i wait next candle.when next candle opened.
i saw tdi cross up so i took the long trade and set the stop below the
demand line and trend line.kicked out in the same candle.-28

next trade it broke asia session' low and closed below it .
so when price retrace back that bottom level i took the short.
was 10-12 pips in profit.
but the price back into the range so i close my trade with small loss -8
when i see now there is no 3 continuous candles today .
so I call it's a day for me.
keep learning.
thank you Guys
Attached Image (click to enlarge)
Click to Enlarge Name: ?Q??-20120614182108.png Size: 35 KB
  • #7,609
  • Jun 14, 2012 5:51am Jun 14, 2012 5:51am
Hi emma,

I didnt sell at that price. I sit back and take a look what is going to happen.

Thanks for ur advice.

I have been looking at past charts to identify setups. The main problem is my confidence level.

Hope we can meet up soon with the rest so i can learn more from you all.
  • #7,610
  • Jun 14, 2012 6:20am Jun 14, 2012 6:20am
hey X-man,,,dont forget to change yr wheelbarrow to something bigger,,,
  • #7,611
  • Jun 14, 2012 7:22am Jun 14, 2012 7:22am
Quoting Adam888
hi guys.
I am done for today
two small lossing trades
first one is a long trade.
this is really a mistake.
when price broke asia session's high.
i didn't rush to enter,because the tdi is not clear atm.
so i wait next candle.when next candle opened.
i saw tdi cross up so i took the long trade and set the stop below the
demand line and trend line.kicked out in the same candle.-28

next trade it broke asia session' low and closed below it .
so when price retrace back that bottom level i took the short.
was 10-12 pips in profit.
but the price back...
Could be one of those days when London am session just doesn't want to do much and waiting for US open. Or it could be fears as to what will happen with Greek election and not wanting to take positions either way.

Of course you never know but Mrs V did take this chance for a day off today and probably will tomorrow. Opportunities are always there and our personal view is we'd rather miss an opp than get SL's hit. So we'll prob leave tomorrow as well.
  • #7,612
  • Jun 14, 2012 7:52am Jun 14, 2012 7:52am
Din had a good london session, basically its up down up down here and there, a real sucky one, still expecting a move on a thursday but apparently there is non i can see from today session. Fight again tmr my broker send me an email saying no putting of trades on sunday, seems like the sunday greek election is going to be such a major issue.
  • #7,613
  • Jun 14, 2012 12:11pm Jun 14, 2012 12:11pm
Hi Xman.

Just a quick note to say thanks. Someplace (perhaps here) I had heard about the 61 ema. So I've been doing testing on various pairs and TF's for a few months now and have become a hugh fan.

This ema seems to be one of the best for bounces and setting the stage for reversals. Then a friend started showing me his 60 - 4 crossover trades on 5m and I was even more impressed. He racks up the pips daily.

I've only read the first few pages so far, so I will save any Stupid questions 'til after I've completed most of the thread.

"Today I would like to become the man my dog thinks I am." ~ Jack Thompson, Entrepreneur
  • #7,614
  • Jun 14, 2012 12:27pm Jun 14, 2012 12:27pm
Quoting emmanuel7788
TP2 is fibo-e 127%. If this does not happen, I look for bullish reversal back up to the fibo-r levels above.
Thanks for this... When I saw the rejection of 127%, I placed a Buy EP at same point as your erlier short, with SL at 127%, and took 62 pips..
"It always seems impossible until it is done" Nelson Mandela
  • #7,615
  • Jun 15, 2012 12:53am Jun 15, 2012 12:53am
Quoting Wqiang
Hi emma,

I didnt sell at that price. I sit back and take a look what is going to happen.

Thanks for ur advice.

I have been looking at past charts to identify setups. The main problem is my confidence level.

Hope we can meet up soon with the rest so i can learn more from you all.
Hi Wqiang

Back-testing very important and X-Man had repeated this many times in his posts.

One way to learn is start demo trading. Post your charts and write down your thoughts behind each demo trade.

I am sure the more experience members will comment and this is the way to learn in realtime mode.

This will also help you gain some experience and you can share them at the planned Singapore S3 Gathering.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,616
  • Jun 15, 2012 12:58am Jun 15, 2012 12:58am
I am Bullish on EURUSD today

EP - 1.26373 (yesterdays high)
SL - 1.26079 (swing low - 30pips)
TP1 - 1.26650 (just below fib expansion 0.618)
TP2 - 1.27004 (fib expansion 1.000)
"It always seems impossible until it is done" Nelson Mandela
  • #7,617
  • Edited 1:33am Jun 15, 2012 1:05am | Edited 1:33am
Quoting Rhino101
Thanks for this... When I saw the rejection of 127%, I placed a Buy EP at same point as your erlier short, with SL at 127%, and took 62 pips..
Hi Rhino,

wow! that great's to get 62pips out of the day range of 91pips...68% captured.

GU is narrow range of about 100pips over the past 20 days. So we cannot exepct much until the next big move.

when market is in consolidation, one way is the play the daily pivots levels and using the fibo-r of the previous day high low.

observe when there is increase volatility and trend continuation, the PA will usualy hit the fib 127% and 138%.... and beyond the 161% .
when PA fails to go beyond 127% , there is high probability for intraday reversal back into the fib retracement levels.

Combine this with the Asian H-L breakout. Keep the TP expectations small and use high win-rate and position sizing to win the $$$.

The same applies for weekly high low on H4 chart. Spend some time and study the use of fibo on the day range and weekly range on H1 and H4 chart TF.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7,618
  • Jun 15, 2012 2:11am Jun 15, 2012 2:11am
Hi, instant trade on gpb, out on S1, close too early probably, it's my problem all the time.
Attached Image (click to enlarge)
Click to Enlarge Name: 15_06_2012_sell_gbp.PNG Size: 71 KB
  • #7,619
  • Jun 15, 2012 2:17am Jun 15, 2012 2:17am
Quoting emmanuel7788
Hi Rhino,

wow! that great's to get 62pips out of the day range of 91pips...68% captured.

GU is narrow range of about 100pips over the past 20 days. So we cannot exepct much until the next big move.

when market is in consolidation, one way is the play the daily pivots levels and using the fibo-r of the previous day high low.

Combine this with the Asian H-L breakout. Keep the TP expectations small and use high win-rate and position sizing to win the $$$.

The same applies for weekly high low on H4 chart. Spend some time and study the use...
Thanks for the info, will certainly try to apply it

Put the pips down to maths & some Luck!

I set SL below the swing low when I saw the rejection.... EP at Previous days low 1.55071 and set TP1 at 30 pips and when that was taken out, changed TP2 to 15pips when TP1 was reached, with trailing SL, which gave me the extra 32pips, so technically it was only 32pips I guess its just the way one looks at it!
"It always seems impossible until it is done" Nelson Mandela
  • #7,620
  • Jun 15, 2012 4:07am Jun 15, 2012 4:07am
Quoting Vantage
Could be one of those days when London am session just doesn't want to do much and waiting for US open. Or it could be fears as to what will happen with Greek election and not wanting to take positions either way.

Of course you never know but Mrs V did take this chance for a day off today and probably will tomorrow. Opportunities are always there and our personal view is we'd rather miss an opp than get SL's hit. So we'll prob leave tomorrow as well.
hi Vantage .
that is really so true.
thank you for the advice
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