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  • #8,061
  • Aug 9, 2012 10:38am Aug 9, 2012 10:38am
Hello guys:

I missed the Asian breakout on E/U and E/J,but find a divergence on 1hour for E/J and get 20pips,just practice on 1h mode,not took much 1h trade before,just practice.There is not many 4h chances this week because of the consolidation on most of pairs I thought.

Best Regards.
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  • #8,062
  • Aug 10, 2012 7:40am Aug 10, 2012 7:40am
- Price went under 60 EMA.
- 4 EMA started to touch 60 EMA.
- No breakthrough on the blue bands though.

Trade doing good so far.
Quoting X-Man
The 4H swing trade method

[i][size=5][color=Blue][size=3]Time frame - 4H
Pairs- Any pair you feel like trading (look for pairs thats trending)
Times- Any time of the day
Indicators - TDI with the blue bands, Synergy bars , SHI Channel , 4 EMA shift 0 ,
60 EMA shift 0.

Method is as follows :
-When Price is under the 60 EMA then we are in a downtrend so we sell the tops
- That is when the 4 EMA start to touch the 60 EMA and price touches the top of the SHI channel.
- On TDI you...
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (240 Min) _ $EURUSD (Daily) 10-8-2012.png Size: 52 KB
Financial independence is what I live for
  • #8,063
  • Aug 10, 2012 9:41am Aug 10, 2012 9:41am
Friday's trade on EURUSD

It tales 12 hours to take profit and price reverses within an hour.
Attached Image (click to enlarge)
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  • #8,064
  • Edited 12:32pm Aug 10, 2012 10:59am | Edited 12:32pm
Quoting Star178
Friday's trade on EURUSD

It tales 12 hours to take profit and price reverses within an hour.
Yes TP was a SL in 20min... :-(

..Why?

No EUR & USD news...
  • #8,065
  • Aug 10, 2012 11:00am Aug 10, 2012 11:00am
Quoting Star178
Friday's trade on EURUSD

It tales 12 hours to take profit and price reverses within an hour.
I ser what you mean :/
Attached Image
Financial independence is what I live for
  • #8,066
  • Aug 10, 2012 1:30pm Aug 10, 2012 1:30pm
Dear PHX,
can you post your weekly entry for study it?
Thanks
  • #8,067
  • Aug 10, 2012 10:17pm Aug 10, 2012 10:17pm
Quoting Star178
Friday's trade on EURUSD

It tales 12 hours to take profit and price reverses within an hour.
can you please tell me what are the levels on your chart 90.3, 61.3 etc
  • #8,068
  • Edited 5:52am Aug 11, 2012 5:25am | Edited 5:52am
For those of you struggling with the concepts of HH HL etc there is an item in the News section of this forum entitled

"Entering a Trade at a More Favourable Price" here is the link

http://www.forexfactory.com/news.php?do=news&id=378528

Although not referring directly to HH HL etc it deals with the concept of buying on dips (HH HL) or pullbacks. (LH LL)

PS.

Sorry Vantage I did not know that you have an excellent thread on this topic here on this forum.

Here is the link. http://www.forexfactory.com/showthread.php?t=108544
Cut your Losers short and let your Winners run.
  • #8,069
  • Aug 11, 2012 10:38am Aug 11, 2012 10:38am
Quoting Star178
Friday's trade on EURUSD

It tales 12 hours to take profit and price reverses within an hour.
HI STAR178

Could u share the indicator on the right side of your chart showing the candlestick bar ,very thanks for your help.
  • #8,070
  • Aug 11, 2012 8:03pm Aug 11, 2012 8:03pm
Quoting robuk
can you please tell me what are the levels on your chart 90.3, 61.3 etc
On the chart you can see the two dash-dot lines, they are the Hi Lo lines to indicate the London session and the value shown is the number of pips in that session.
  • #8,071
  • Aug 11, 2012 8:07pm Aug 11, 2012 8:07pm
Quoting jimmysh
HI STAR178

Could u share the indicator on the right side of your chart showing the candlestick bar ,very thanks for your help.
It's posted on page 534 of this thread post #8006.
  • #8,072
  • Aug 13, 2012 3:03am Aug 13, 2012 3:03am
Hi,

my trade for today.
I see a potential breakout after price contraction.
I pick the downside as price PA is below WPv and near DPv.
Let market decide.

Trade Well!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 13 Aug 13-8-2012 3-42-56 PM.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,073
  • Aug 13, 2012 3:11am Aug 13, 2012 3:11am
Quoting emmanuel7788
Hi,

my trade for today.
I see a potential breakout after price contraction.
I pick the downside as price PA is below WPv and near DPv.
Let market decide.

Trade Well!
Hi emmanuel i have also view the TF 4h and it's ranging but
the tdi is cross up and i have decide to stay FLAT

it's correct ? ora in ranging the tdi cross is not so important?
  • #8,074
  • Aug 13, 2012 7:18am Aug 13, 2012 7:18am
Quoting pinux76
Hi emmanuel i have also view the TF 4h and it's ranging but
the tdi is cross up and i have decide to stay FLAT

it's correct ? ora in ranging the tdi cross is not so important?
hi pinux

you are correct the H4 TDI cross down.
I saw that but took some risk for this breakout trade.
Anyway I pick the wrong side for the breakout and had to cut loss.
This trade was invalidated by the next H1 bullish candle.
There was a H4 IB breakout to the upside.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 13 Aug closed 13-8-2012 7-19-33 PM.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,075
  • Aug 13, 2012 8:17am Aug 13, 2012 8:17am
Quoting emmanuel7788
hi pinux

you are correct the H4 TDI cross down.
I saw that but took some risk for this breakout trade.
Anyway I pick the wrong side for the breakout and had to cut loss.
This trade was invalidated by the next H1 bullish candle.
There was a H4 IB breakout to the upside.

regards,
ooook ;-) the important is to improve the entry , cut the loss
with metod .
Another thing is not the breakout of the asian session (40 pip range)
usually the range is between 20-25 pip max

I hope this it's useful for us e for the other person who want to manage this
system when the market is not clear
  • #8,076
  • Aug 13, 2012 9:33am Aug 13, 2012 9:33am
Quoting emmanuel7788
hi pinux

you are correct the H4 TDI cross down.
I saw that but took some risk for this breakout trade.
Anyway I pick the wrong side for the breakout and had to cut loss.
This trade was invalidated by the next H1 bullish candle.
There was a H4 IB breakout to the upside.

regards,
I took the same short trade,

so I have to learn more!!
  • #8,077
  • Aug 13, 2012 9:49am Aug 13, 2012 9:49am
hallo guys
I want to ask what you think about my trade. After watching a lot of charts posted here which were very helpfull I took this trade.
TF is 15 min because I saw phx62 is trading using this TF after NY open, so I tried unfortunatelly with no succes.

SL - ADR +2 pips which is -16
TP +20 pips

Reasons:
-double top (1 pip under ADR)
-bounce on TDI in 68 overbought area
-candle color change to red
-little bearish divergence on TDI
-entry after break of second blue candle low

Sorry for my english.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 2012.08.13 .png Size: 37 KB
  • #8,078
  • Aug 13, 2012 11:28am Aug 13, 2012 11:28am
Quoting marcian_08
hallo guys
I want to ask what you think about my trade. After watching a lot of charts posted here which were very helpfull I took this trade.
TF is 15 min because I saw phx62 is trading using this TF after NY open, so I tried unfortunatelly with no succes.

SL - ADR +2 pips which is -16
TP +20 pips

Reasons:
-double top (1 pip under ADR)
-bounce on TDI in 68 overbought area
-candle color change to red
-little bearish divergence on TDI
-entry after break of second blue candle low

Sorry for my english.
Tough luck on that trade, there were lots of reasons to look at a sell including R2 and the 50 psych level. I would suggest being careful counter the days trend until you get into the London close time slot.

Tough luck on your earlier trade E. I had positive divergence on 4hr RSI and a higher low that followed it, thats normally a decent set up. Then when 1hr closed higher than the previous 2 candle closes it confirmed the 4hr divergence/higher low.
  • #8,079
  • Aug 13, 2012 11:32am Aug 13, 2012 11:32am
Quoting marcian_08
hallo guys
I want to ask what you think about my trade. After watching a lot of charts posted here which were very helpfull I took this trade.
TF is 15 min because I saw phx62 is trading using this TF after NY open, so I tried unfortunatelly with no succes.

SL - ADR +2 pips which is -16
TP +20 pips

Reasons:
-double top (1 pip under ADR)
-bounce on TDI in 68 overbought area
-candle color change to red
-little bearish divergence on TDI
-entry after break of second blue candle low

Sorry for my english.
Oooops sorry forgot to mention on divergence, try looking at higher TF's for counter trend divergence (D + 4hr) and lower TF divergence for back into D trend.

As things stand EUR D is on HL, HH so a 15 min sell based on divergence is counter trend.
  • #8,080
  • Aug 13, 2012 11:59am Aug 13, 2012 11:59am
Quoting Vantage
Oooops sorry forgot to mention on divergence, try looking at higher TF's for counter trend divergence (D + 4hr) and lower TF divergence for back into D trend.

As things stand EUR D is on HL, HH so a 15 min sell based on divergence is counter trend.
Thanks for you effort and comprehensive explanation I appreciate it.
I will try to carry out your tips.
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