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  • #8,101
  • Aug 17, 2012 7:03am Aug 17, 2012 7:03am
...more reasons to short EU?

upcoming news in less than 2 hours
Attached Image (click to enlarge)
Click to Enlarge Name: EU 17 Aug NYO 17-8-2012 8-01-39 PM.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,102
  • Aug 17, 2012 7:07am Aug 17, 2012 7:07am
Quoting Wqiang
Yup! i took it hopes it turns out well!

should be good... take the first 30pips and BE trade that is what I usually do.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,103
  • Aug 17, 2012 7:14am Aug 17, 2012 7:14am
Quoting emmanuel7788
should be good... take the first 30pips and BE trade that is what I usually do.

Thanks! i aiming for first 30 pips in mind too!
  • #8,104
  • Aug 17, 2012 9:26am Aug 17, 2012 9:26am
Quoting Wqiang
Thanks! i aiming for first 30 pips in mind too!

..looking very good now... try manage till it hit yesterdays' low.

manage well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,105
  • Aug 17, 2012 10:29am Aug 17, 2012 10:29am
Quoting emmanuel7788
..looking very good now... try manage till it hit yesterdays' low.

manage well.
Today is not my day when the trade ran for +20pips den I put BE +1 and went out. It got stop out and I didn't have the courage to re-enter. Missed this opportunity....

See you guys next week

Wqiang
  • #8,106
  • Aug 17, 2012 1:39pm Aug 17, 2012 1:39pm
Quoting Wqiang
Today is not my day when the trade ran for +20pips den I put BE +1 and went out. It got stop out and I didn't have the courage to re-enter. Missed this opportunity....

See you guys next week

Wqiang
Today was a good day. You B/E. Much better than a losing day.
You do not need courage. There are no heroes in Trading.
You need confidence in your method.

Hope the attached helps a little.
Attached Image (click to enlarge)
Click to Enlarge Name: Fri 17.png Size: 44 KB
Cut your Losers short and let your Winners run.
  • #8,107
  • Aug 18, 2012 12:26am Aug 18, 2012 12:26am
Quoting emmanuel7788
...more reasons to short EU?

upcoming news in less than 2 hours
thnx for posting your charts, they are always a big help .
i notice on your fibo that you didnt take it right to the top of high of the highest candle , which is what i have been doing , si i've probably got some incorrect readings because of that .
any help on this would be much appreciated .
  • #8,108
  • Aug 19, 2012 9:33pm Aug 19, 2012 9:33pm
Hi i am new to forex and found this thread which is useful.. I am going to start demo trade 1Hr E-U method of X-man. Plan to demo for 1-2 months and plan to go live based on the results i get. Hope i can learn from all of you experienced traders. Good luck to all with their trading
  • #8,109
  • Aug 20, 2012 7:51pm Aug 20, 2012 7:51pm
Quoting robuk
thnx for posting your charts, they are always a big help .
i notice on your fibo that you didnt take it right to the top of high of the highest candle , which is what i have been doing , si i've probably got some incorrect readings because of that .
any help on this would be much appreciated .

hi rob,
sorry for late reply. I took a long weekend break with the holidays here.

the fibo I draw was using the previous day low-high. I ue this to see if price will continue upwards to 127% and 138%, otherwise most often it will retrace back into the previous day range. In trending condition, price will continue to the 161% above or below the previus day high-low. But you must chekc the average day trading range becasue there are exceptional wide day range and this will not work out so nicely.

Today EU has potential for breakout since yesterday formed a Inside bar of last Friday Hiigh-Low.
Try this:
draw the fibo for yesterady high-low and look for S3 EU setup for buy or sell. Should one fail, take the opposite trade.

Good Trading!
Attached Image (click to enlarge)
Click to Enlarge Name: EU 17 Aug Fibo expln.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,110
  • Edited 10:48pm Aug 20, 2012 8:28pm | Edited 10:48pm
Took 2 nice trades early this morning.....a EU H1 trade a couple of hours after the London Open on a change of candle color and TDI about to cross down. My analysis showed a pullback bar at LO followed by an inside bar and there was a 4 hr resistance line just above the high of the pullback candle. During the trade, I watched closely to see if the 200 EMA would cause the market to consolidate or reverse....it did not....so I stayed in to the original TP.
I also opened a scalp trade about an hour after NYO on the M15 chart following a change of candle color and cross of the TDI. The market had also tested the low of the day, set just before NYO and reversed....good for 38 pips...exited after price stalled.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012.8.20 eu h1.gif Size: 119 KB
Click to Enlarge Name: 2012.8.20 eu m15.gif Size: 124 KB
  • #8,111
  • Aug 20, 2012 9:37pm Aug 20, 2012 9:37pm
Quoting dee50
Today was a good day. You B/E. Much better than a losing day.
You do not need courage. There are no heroes in Trading.
You need confidence in your method.

Hope the attached helps a little.
Thanks Dee50 for ur encouragement and ur attached chart.
  • #8,112
  • Aug 20, 2012 11:10pm Aug 20, 2012 11:10pm
Quoting emmanuel7788
the fibo I draw was using the previous day low-high. I ue this to see if price will continue upwards to 127% and 138%, otherwise most often it will retrace back into the previous day range. In trending condition, price will continue to the 161% above or below the previus day high-low. But you must chekc the average day trading range becasue there are exceptional wide day range and this will not work out so nicely.

Today EU has potential for breakout since yesterday formed a Inside bar of last Friday Hiigh-Low.
Try this:
draw the fibo for yesterady...
Just thought you might want to look E. The pivots indi (not pivot points multitime frame) in my higher low lower high thread post 1 has prev days fibs included as an option. It also has (very handy) days start that you can move, so if your platform doesn't start in and around 00:00 GMT you can just play with the first 2 settings to shift the days open and then the pivot calcs. Also has days open prev days high low which are both important.

The pivot points multi time frame I use for W pivots only. They have been (together with proven SR levels) containing price nicely for the last few weeks/months.

Cheers
  • #8,113
  • Aug 20, 2012 11:27pm Aug 20, 2012 11:27pm
If anyone is wondering why a few months back counter trend was not working (still recall someone posting 7 of 8 recent to the time CT trades failed) but now its buy sell all over the place and everything is fine.

Well the market changed. US hols perhaps lower vol's, ECB head talks up the EUR. Whatever the reason at the moment its support/resistance levels and W pivots ruling. The moves between them are tradable.

Have a look at your D charts over the last couple of months to see the ranges we have been in. When we break these ranges that may (repeat may) be the time to again take more care with CT trades.
  • #8,114
  • Aug 21, 2012 2:16am Aug 21, 2012 2:16am
Quoting Vantage
Just thought you might want to look E. The pivots indi (not pivot points multitime frame) in my higher low lower high thread post 1 has prev days fibs included as an option. It also has (very handy) days start that you can move, so if your platform doesn't start in and around 00:00 GMT you can just play with the first 2 settings to shift the days open and then the pivot calcs. Also has days open prev days high low which are both important.

The pivot points multi time frame I use for W pivots only. They have been (together with proven SR levels)...

thanks V for the pivots indy / tip.
will try it out for sure.
I have been drawing the prev day fibs manually all along.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,115
  • Aug 21, 2012 2:33am Aug 21, 2012 2:33am
Today's trade on AUDUSD, AUDJPY, NZDUSD, EURUSD; all hit 1st TP (30pips).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-08-21 AUDJPY 1TP.jpg Size: 185 KB
Click to Enlarge Name: 2012-08-21 AUDUSD 1TP.jpg Size: 208 KB
Click to Enlarge Name: 2012-08-21 NZDUSD 1TP.jpg Size: 189 KB
Click to Enlarge Name: 2012-08-21 EURUSD 1TP.jpg Size: 181 KB
  • #8,116
  • Aug 21, 2012 2:33am Aug 21, 2012 2:33am
Hi,

with AU,GU and NU all breaking out early, EU just follow when LO.
hope you all caught that.
target is fib 161% 1.2413 or the ADR high 1.2422

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,117
  • Aug 21, 2012 2:49am Aug 21, 2012 2:49am
Now follow by AUDCAD.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-21 AUDCAD 1TP.jpg Size: 172 KB
  • #8,118
  • Aug 21, 2012 3:53am Aug 21, 2012 3:53am
Quoting Phx62
Took 2 nice trades early this morning.....a EU H1 trade a couple of hours after the London Open on a change of candle color and TDI about to cross down. My analysis showed a pullback bar at LO followed by an inside bar and there was a 4 hr resistance line just above the high of the pullback candle. During the trade, I watched closely to see if the 200 EMA would cause the market to consolidate or reverse....it did not....so I stayed in to the original TP.
I also opened a scalp trade about an hour after NYO on the M15 chart following a change of candle...
Thanks for you big chart and results!
  • #8,119
  • Aug 21, 2012 4:11am Aug 21, 2012 4:11am
Quoting Star178
Today's trade on AUDUSD, AUDJPY, NZDUSD, EURUSD; all hit 1st TP (30pips).
Hi Star178,

Can you share with us what is your analysis behind your long trades in those currency pairs?

Wqiang
  • #8,120
  • Aug 21, 2012 4:52am Aug 21, 2012 4:52am
Quoting Wqiang
Hi Star178,

Can you share with us what is your analysis behind your long trades in those currency pairs?

Wqiang
1) Basically see whether it follow yesterday's trend.

2) PAC is inclining upwards

3) Noted Inside Bar in H4 chart.

4) TDI is positive.

5) Enter trade on (or around) breakout of PAC.
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