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  • #8,261
  • Edited 7:58pm Aug 27, 2012 7:53pm | Edited 7:58pm
Quoting emmanuel7788
Hi,

EU week 35:
I see a good potential for a breakout move this week.
Looking at last week close, and Friday high-low.
Always be prepared with Plan A , and that fails have your Plan B for turnaound trading when one direction fails.

Think of money management strategy ...scaling-in and scaling out...build up positions...plan your exits ahead.

Good Trading week ahead!
Good morning everyone!

Here is my update for EU.
Today will be the day for the breakout trade.
I am confident this pair will be profitable this week and close August month.
It is up to us as traders to do our job and perform well.

Note: Last monday 20 Aug was also an Inside Bar setup but that setup direction was less difficult to pick the direction correctly the first attempt.

This week' Day IB will pose some difficulty to pick the breakout direction the first time. But if we watch carefully the candlestick pattern and understand the underlying market psychology behind each candlestick and put weight on each pattern, we can get it 'right the first time'.

DO NOT "Just Do It"

BUT "Do It Right the First Time"

Good Trading!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU week 35 27-8-2012 9-41-57 AM.png Size: 28 KB
Click to Enlarge Name: EU week 35 28 Aug update 28-8-2012 8-35-27 AM.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,262
  • Aug 27, 2012 11:16pm Aug 27, 2012 11:16pm
Quoting emmanuel7788
Good morning everyone!

Here is my update for EU.
Today will be the day for the breakout trade.
I am confident this pair will be profitable this week and close August month.
It is up to us as traders to do our job and perform well.

Note: Last monday 20 Aug was also an Inside Bar setup but that setup direction was less difficult to pick the direction correctly the first attempt.

This week' Day IB will pose some difficulty to pick the breakout direction the first time. But if we watch carefully the candlestick pattern and understand the underlying...
EUR D still on higher high higher low. 4hr and 1hr both on lower highs lower lows. For now we stopped on W pivot 1.2462 and had a small bounce up. The next proven turn area is 1.2425-50 (5/6 Aug, 28/29 June). All very close but if we do not have reaction there good potential to go lower.

GU same general story on D and 4hr 1hr. D though has already come back to its proven turn areas and lower TL.
  • #8,263
  • Aug 28, 2012 1:08am Aug 28, 2012 1:08am
Quoting Phx62
The market consolidated on Thursday, finding support at the previous days high. I took one long trade for 30 pips after getting a signal near the end of the London session. It was the only trade signal that met my trading plan criteria during London (H1 time frame).
Also took one trade on Friday. Entered shortly after LO on a TDI crossover signal. I could not monitor the trade but it did reach my TP.
Great post PHX62
I just love it
X-man the legendary conqueror of markets
  • #8,264
  • Aug 28, 2012 1:20am Aug 28, 2012 1:20am
Quoting dcginc
X-MAN

Glad to see you've co,e back around!

Hope all is well.

dcginc
Hey buddy
Im glad to see your post.
I still follow your site (PRN) and i must say wow.
There are some very nice gems on that site.
If a noob has to only follow that he will be successful in forex.
I know that site has helped many, including some friends of mine.
Good job buddy and keep it up.
X-man the legendary conqueror of markets
  • #8,265
  • Aug 28, 2012 2:23am Aug 28, 2012 2:23am
EURUSD TF60 RANGING

stay flat for long o short signal?
TDI is low at under the mbl
and we are in the asian box
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_39 Aug. 28 09.21.png Size: 27 KB
  • #8,266
  • Aug 28, 2012 2:33am Aug 28, 2012 2:33am
Quoting pinux76
EURUSD TF60 RANGING

stay flat for long o short signal?
TDI is low at under the mbl
and we are in the asian box
well, based on your observation, price is in consolidation so breakout potential is there... all it takes is one H1 candle of 20+pips to change everything you see in the TDI now...
..
do you see H4 inside bar?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,267
  • Aug 28, 2012 2:40am Aug 28, 2012 2:40am
Quoting emmanuel7788
well, based on your observation, price is in consolidation so breakout potential is there... all it takes is one H1 candle of 20+pips to change everything you see in the TDI now...
..
do you see H4 inside bar?
thanks emmanuel when tf60 is in ranging i see the tf 4H the LH and LL are
reversing jumping on the weekly support with HL and HH
but the TDI is cross down and going down
Attached Image
  • #8,268
  • Aug 28, 2012 3:14am Aug 28, 2012 3:14am
well, you saw that LO H1 candle... now who wants to short EU during London session?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,269
  • Aug 28, 2012 4:21am Aug 28, 2012 4:21am
What would you do now?? 30 pips in the bank and a runner.
Attached Image (click to enlarge)
Click to Enlarge Name: Tue 28.png Size: 79 KB
Cut your Losers short and let your Winners run.
  • #8,270
  • Aug 28, 2012 5:03am Aug 28, 2012 5:03am
letting the trailing to run
  • #8,271
  • Aug 28, 2012 5:03am Aug 28, 2012 5:03am
I didn,t run, I held on until target was hit, the attached explains why, it is not rocket science.

Do not give PIPS back if you do not have to!! Have an exit plan.

There is a difference between planning your exit and being greedy.
Attached Image (click to enlarge)
Click to Enlarge Name: tue 28 exit.png Size: 103 KB
Cut your Losers short and let your Winners run.
  • #8,272
  • Aug 28, 2012 5:10am Aug 28, 2012 5:10am
Quoting Con
letting the trailing to run
Yes, but why??
Cut your Losers short and let your Winners run.
  • #8,273
  • Aug 28, 2012 5:46am Aug 28, 2012 5:46am
haven hit my tp yet, my tp is at previous week high
  • #8,274
  • Aug 28, 2012 9:22am Aug 28, 2012 9:22am
Quoting Con
haven hit my tp yet, my tp is at previous week high
Good for you, keep an eye on what is happening, but I do not need to tell you that you have been around long enough to know.
Attached Image (click to enlarge)
Click to Enlarge Name: tue 28 f up.png Size: 80 KB
Cut your Losers short and let your Winners run.
  • #8,275
  • Aug 28, 2012 7:14pm Aug 28, 2012 7:14pm
Quoting X-Man
Hey buddy
Im glad to see your post.
I still follow your site (PRN) and i must say wow.
There are some very nice gems on that site.
If a noob has to only follow that he will be successful in forex.
I know that site has helped many, including some friends of mine.
Good job buddy and keep it up.
Nice to see you back X Man, great thread. What is the PRN site, as noob I'd like to take a look.
  • #8,276
  • Aug 28, 2012 8:11pm Aug 28, 2012 8:11pm
I believe he means PTN Pro Trade Network.

http://www.protradenetwork.com/
Enter Signature
  • #8,277
  • Aug 28, 2012 8:40pm Aug 28, 2012 8:40pm
Thanks Dee, gotten out yesterday.
  • #8,278
  • Aug 28, 2012 10:32pm Aug 28, 2012 10:32pm
Impressive thread,may you precise the entering.
As Smarco says ,I agree that AUD is a bit more regular and safe.
Lot of thanx
  • #8,279
  • Edited 1:37am Aug 29, 2012 1:35am | Edited 1:37am
yesterday was IB ...
today is 'pop gun' ...

see if you can trade this today.

Edit: Friday > Monday < Tuesday ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,280
  • Aug 29, 2012 1:53am Aug 29, 2012 1:53am
Is this FranKfurt open candle a decoy?

TDI green and below red ...crossing MBL
MBL is up

it is your decision if you want to be buyer or seller.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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