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  • #8,521
  • Sep 11, 2012 10:07pm Sep 11, 2012 10:07pm
Quoting robuk
great trade Dee !! , i see the steep angle cross up of the tdi , also price had gone above the 60 ema , and the pullback red and then blue candle - also you said the h1 was positive - was there any other reasons for your entry ?
Just trying to learn , thanks for all your excellent posts .
on H1...
> price bar close above PAC (Dean Malone Synergy entry condition) , bullish engulfing candle close
> PA break last week' High and Monday was narrow range Inside bar.
> Also last Friday rally did not show a deep reatracement which is good, and
> Weekly pivot as support below.
> price coming out of Demand zone for those trading S&D.

So many condtions for a long when NYO.

Do you see any reason and condtion why this trade should not be taken?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,522
  • Sep 11, 2012 11:23pm Sep 11, 2012 11:23pm
Quoting thrax
AU H4 update: I entred the trade @1.03924, my TP is just below the completion of the ABCD pattern and below the next big round number. I shifted the SL just above my entry, so there is no risk in this trade anymore.

take care,
thrax
hi thrax

very good trade.
AB=CD will be nice rally for 230+pips.

Today German court decision may see increase market liquidity and may help project this CD leg.

EURAUD show sign of consolidation... then maybe reversal.

Manage Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,523
  • Sep 11, 2012 11:37pm Sep 11, 2012 11:37pm
Quoting xuflyeven
Attachment
Enter long after the new in the Price retracement!

Is it right? I exist when the price failes to break the top!
hi xu,

sorry, I can't make out what your thoughts were behind that trade entry and exit.

next time please use th S3 chart template showing also the TDI.
thanks.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,524
  • Sep 12, 2012 12:12am Sep 12, 2012 12:12am
Quoting eth3onstock
It helps, it helps.. have just tried it on EU...

I am still struggling to avoid this kind of choppy TDI crosses. I took long on GU. But then red bearish APB bar appeared, TDI cross back down. I cut loss the position. Later the TDI cross back to long position.

If only I kept my previous trade... will save me some pips from the cut loss and turn it into profit
Oh forgot to mention GU trend was up on D and 4hr had just signalled up also before you took that sell. If you are going CT (counter the D, 4hr and also the most recent 1hr flow) you might want to wait for either a confirmed 1hr LH or for price to break the low of set up candle.

The simple idea of waiting for the high or low of a set up candle to break will keep you out of a lot of failed trades (especially CT).
  • #8,525
  • Edited 5:04am Sep 12, 2012 4:36am | Edited 5:04am
Quoting emmanuel7788
on H1...
> price bar close above PAC (Dean Malone Synergy entry condition) , bullish engulfing candle close
> PA break last week' High and Monday was narrow range Inside bar.
> Also last Friday rally did not show a deep reatracement which is good, and
> Weekly pivot as support below.
> price coming out of Demand zone for those trading S&D.

So many condtions for a long when NYO.

Do you see any reason and condtion why this trade should not be taken?

regards,
Thanks for your reply , i 've scanned both the 15 m and 1h and could'nt see any reason - was there one ?
PS>I just made 55 pips on EU , hooray - maybe i'm learning , at last !!
  • #8,526
  • Sep 12, 2012 6:41am Sep 12, 2012 6:41am
Quoting robuk
Thanks for your reply , i 've scanned both the 15 m and 1h and could'nt see any reason - was there one ?
PS>I just made 55 pips on EU , hooray - maybe i'm learning , at last !!
hi rob,

no I dont see any either.
I put more weight on PA setups using candlestick/bar patterns.

congrats! on your 55pips winning. Maybe you can post your chart showing your entry and exit(s). Learn from this and repeat.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,527
  • Sep 12, 2012 6:48am Sep 12, 2012 6:48am
Well done Robuk, nice pips, better than me. Only 30 pips so far, missed my 40 Pip target by 1 pip. Never mind there are always more.

I was late coming to the table today, gave the German court time to waffle.

Here is my chart, 15 min again. Everything explained on the charts.
Attached Image (click to enlarge)
Click to Enlarge Name: Weds 15min.png Size: 84 KB
Cut your Losers short and let your Winners run.
  • #8,528
  • Sep 12, 2012 6:59am Sep 12, 2012 6:59am
Quoting dee50
Well done Robuk, nice pips, better than me. Only 30 pips so far, missed my 40 Pip target by 1 pip. Never mind there are always more.

I was late coming to the table today, gave the German court time to waffle.

Here is my chart, 15 min again. Everything explained on the charts.
thanks Dee and Emm,
I am learning from you guys , and other greats on this thread , I still dont know how to post charts , i've had to learn how to use a computer and forex at the same time ,and i'm fairly ancient , so a tough call for me , But i've studied lots of hours to try to succeed .
I got in early on this trade ,thanks to Dee's recent post about 15 m chart,
SO ... big thanks once again.
Rob
  • #8,529
  • Sep 12, 2012 7:17am Sep 12, 2012 7:17am
Quoting robuk
I still dont know how to post charts.
Rob
Go here and download a programme called PickPick. http://www.picpick.org/en/

It is a screen capture programme and image editor programme, very simple to use, no malware or irritating ads and it is free. Once you have got it, let me know and I will guide you thru to posting a chart on here.
Cut your Losers short and let your Winners run.
  • #8,530
  • Sep 12, 2012 7:55am Sep 12, 2012 7:55am
Originally Posted by robuk
I still dont know how to post charts.
RobQUOTE=dee50;6005608]Go here and download a programme called PickPick. http://www.picpick.org/en/

It is a screen capture programme and image editor programme, very simple to use, no malware or irritating ads and it is free. Once you have got it, let me know and I will guide you thru to posting a chart on here.[/quote]

Hi robuk
dee50 has given you a good program. It is easy and useful.

arasheed
  • #8,531
  • Sep 12, 2012 9:34am Sep 12, 2012 9:34am
Quoting robuk
I got in early on this trade ,thanks to Dee's recent post about 15 m chart,
A word of caution.

Please do not get carried away with the 15 min chart, lower time frame trading is not for the unintiated and can eat up an account quicker than you can blink.

Normal practice is to wait for a signal in the 1 hr and then look to the 15 min to optimise your entry, the reason for this is to reduce your risk and improve your profit.

If you take a signal on the 15 min, make sure that everything lines up on the 1 hr FIRST.
Cut your Losers short and let your Winners run.
  • #8,532
  • Sep 12, 2012 10:08am Sep 12, 2012 10:08am
For those of you struggling with PA.

Nearly seven years ago when I first started learning to trade I came across a thread by james16, what impressed me about him and his fellow contributors was their frankness, honesty and professionalism and not least their experience. I learnt a lot from that thread about Price Action. I did not realize that the thread was still in existence but I just came across it again in the commercial section.

http://www.forexfactory.com/showthread.php?t=2331

If you are serious about learning about price action then I can wholeheartedly recommend this thread. DO NOT try to read the whole thread, it started in 2005 has 7,885 pages and is still running, follow the guidance on the first page.

Combine the information on that thread with X-MANS/TMS method and you will begin to have a winning combination, eventually (allow at least 2 years) you will become independant of the forums and you will trade with confidence, if you are prepared to put in the WORK.

Hope it helps

PS

There are probably, by now, other good threads, Vantage has one, but I do not have the time to scour thru every thread, but I am sure that the long standing contributors to this thread will know of others also.
Cut your Losers short and let your Winners run.
  • #8,533
  • Sep 12, 2012 10:17am Sep 12, 2012 10:17am
Quoting emmanuel7788
hi thrax

very good trade.
AB=CD will be nice rally for 230+pips.

Today German court decision may see increase market liquidity and may help project this CD leg.

EURAUD show sign of consolidation... then maybe reversal.

Manage Well!
This trade has been closed, with TP1 of 103 pips and the rest of the position was closen by the TS with 83 pips profit.

Take care,
thrax
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H4_strategy name_20120912181059.gif Size: 20 KB
  • #8,534
  • Sep 12, 2012 10:19am Sep 12, 2012 10:19am
Quoting dee50
A word of caution.

Please do not get carried away with the 15 min chart, lower time frame trading is not for the unintiated and can eat up an account quicker than you can blink.

Normal practice is to wait for a signal in the 1 hr and then look to the 15 min to optimise your entry, the reason for this is to reduce your risk and improve your profit.

If you take a signal on the 15 min, make sure that everything lines up on the 1 hr FIRST.
I am using in demo this strategic but when I open a order in sell after TDI CROSS down and wait for the secound red synergy and enter but the price not touch the chanel down in 1 H and later the chanel move up to the price ,how can I have confirmation ,could anybody help me please
  • #8,535
  • Sep 12, 2012 9:47pm Sep 12, 2012 9:47pm
Quoting dee50
Go here and download a programme called PickPick. http://www.picpick.org/en/

It is a screen capture programme and image editor programme, very simple to use, no malware or irritating ads and it is free. Once you have got it, let me know and I will guide you thru to posting a chart on here.
thanks , its asking do i want to "save or run " ?
(I did tell you i'm a dummy !! ) your help and interest is appreciated so much.
  • #8,536
  • Sep 12, 2012 9:58pm Sep 12, 2012 9:58pm
Quoting dee50
For those of you struggling with PA.

Nearly seven years ago when I first started learning to trade I came across a thread by james16, what impressed me about him and his fellow contributors was their frankness, honesty and professionalism and not least their experience. I learnt a lot from that thread about Price Action. I did not realize that the thread was still in existence but I just came across it again in the commercial section.

http://www.forexfactory.com/showthread.php?t=2331

If you are serious about learning about price...
Hi Dee,
I raised my hand as a PA learner. Thnx for the recommendation... I saw the similar breakout pattern has been used a lot in this thread also....

Try to catch up
  • #8,537
  • Sep 13, 2012 2:28am Sep 13, 2012 2:28am
Hey guys

I just read an interesting article about the differences between the rich and the average way of thinking.
If we can adopt this attitude towards tradign then trading becomes stress free and we wont have that fear to take risks.
Attached File(s)
File Type: pdf 21 ways rich people think differently.pdf   1.7 MB | 2,385 downloads
X-man the legendary conqueror of markets
  • #8,538
  • Sep 13, 2012 4:06am Sep 13, 2012 4:06am
Quoting robuk
thanks , its asking do i want to "save or run " ?
(I did tell you i'm a dummy !! ) your help and interest is appreciated so much.
I am assuming that you mean immeadiately after you click the download button you get something similar to the attached.
Click save, this will store the file on your computer, it will prompt you for a save location unless you have allready set a default. Are you using Internet Explorer?
Attached Image (click to enlarge)
Click to Enlarge Name: pickpick1.png Size: 25 KB
Cut your Losers short and let your Winners run.
  • #8,539
  • Sep 13, 2012 4:11am Sep 13, 2012 4:11am
Following from dee's post and great threads.

Support and resistance level trading at its best from Shahab8b http://www.forexfactory.com/showthread.php?t=216247 not suggesting you ditch this method and try and emulate Shahab8b but if you can learn pa, get to grips with some SR level ideas and use tdi (or similar pa) method on 1hr (when its flowing correctly) to trade between the SR levels you should be able to do very well. Just as a matter of interest go back and try and find S'8b's post on the EUR move up, must be a few weeks ago now.
  • #8,540
  • Sep 13, 2012 4:11am Sep 13, 2012 4:11am
Quoting Juank010
I am using in demo this strategic but when I open a order in sell after TDI CROSS down and wait for the secound red synergy and enter but the price not touch the chanel down in 1 H and later the chanel move up to the price ,how can I have confirmation ,could anybody help me please
Help us to help you!!! Screenshots.
Cut your Losers short and let your Winners run.
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