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  • #8,541
  • Sep 13, 2012 4:22am Sep 13, 2012 4:22am
Quoting Vantage
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...
Was this post from 31 July
http://www.forexfactory.com/showthre...89#post5888589
and on flowing correctly on 1hr, meaning if up then you want HH HL flow and if down LH LL flow. If pair is going against that flow you could be looking at short term correction and if your trade view is correct you'll need to wait out that CT flow.
  • #8,542
  • Sep 13, 2012 4:43am Sep 13, 2012 4:43am
Quoting Vantage
Support and resistance level trading at its best from Shahab8b
Excellent thread. The information on the COT is superb, very well presented and explained. But as you said, the Support and Resistance level trading is the real meat and bones of the thread.

I use COT as a guideline tool, if you are interested I use this site for the COT charts.

E6U12 | Commodity Futures Price Chart for Euro FX September 2012
Cut your Losers short and let your Winners run.
  • #8,543
  • Sep 13, 2012 4:45am Sep 13, 2012 4:45am
Quoting dee50
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?
yes, using internet explorer .thnx.
  • #8,544
  • Sep 13, 2012 4:46am Sep 13, 2012 4:46am
Quoting dee50
Excellent thread. The information on the COT is superb, very well presented and explained. But as you said, the Support and Resistance level trading is the real meat and bones of the thread.

I use COT as a guideline tool, if you are interested I use this site for the COT charts.

[url="http://barchart.com/chart.php?sym=E6U12&style=technical&template=&p=DN&d=X&sd=&ed=&size=M&log=0&t=BAR&v=0&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=150&indicators=COTLC%2813369344%2C26112%2C153%29%3BCOTFIN%2813369344%2C26112%2C153%2C16750848%29&chartindicator_3_code=COTLC&chartindicator_3_param_0=13369344&chartindicator_3_param_1=26112&chartindicator_3_param_2=153&chartindicator_4_code=COTFIN&chartindicator_4_param_0=13369344&chartindicator_4_param_1=26112&chartindicator_4_param_2=153&chartindicator_4_param_3=16750848&addindicator=&submitted=1&fpage=&txtDate=#jump"]E6U12...
Thanks dee I have links on blog for both COT reports (Ralph Shell) and charts.
  • #8,545
  • Sep 13, 2012 10:18am Sep 13, 2012 10:18am
Quoting emmanuel7788
hi thrax

EURAUD show sign of consolidation... then maybe reversal.
EURAUD H4 trade. There was a double bottom within the uptrend confirmed by long TDI cross. TP1 just below the latest resistance level. The rest of the position closed by TS. Profits: 48 pips and 25 pips respectively.

take care,
thrax
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_H4_strategy name_20120913180218.gif Size: 18 KB
  • #8,546
  • Sep 13, 2012 10:41am Sep 13, 2012 10:41am
Quoting thrax
EURAUD H4 trade. There was a double bottom within the uptrend confirmed by long TDI cross. TP1 just below the latest resistance level. The rest of the position closed by TS. Profits: 48 pips and 25 pips respectively.

take care,
thrax
What was your risk/reward ratio on this trade? Where was your stop?
  • #8,547
  • Sep 13, 2012 11:48am Sep 13, 2012 11:48am
Quoting kaunasny
What was your risk/reward ratio on this trade? Where was your stop?
Risk/Reward: 1.5/1, the SL was just below 1.23500. Because of the long trend and the pattern and TDI cross it was a high probability trade.

thrax
  • #8,548
  • Sep 13, 2012 9:17pm Sep 13, 2012 9:17pm
Quoting thrax
EURAUD H4 trade. There was a double bottom within the uptrend confirmed by long TDI cross. TP1 just below the latest resistance level. The rest of the position closed by TS. Profits: 48 pips and 25 pips respectively.

take care,
thrax

hi thrax,

once again, very nice trades. Congrats!

from what I see, the H4 TDI crosses are very good to trade. Just like how Big E trade his TMS.
It is how we manage our trades that will decide how far our trades will go.

EA on D start to look ugly. But H4 now show sign of a triangle consolidation pattern. I love this 5-wave pattern at the end of a strong impulse wave. Now is to see how the wave e will end and look for the next big wave. Let the TDI cross show the way.

It will depends on 3Q corporate results and Oct will be indicative where EA will go in the 4Q.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 37 14 Sep 14-9-2012 10-06-30 AM.jpg Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,549
  • Sep 13, 2012 9:39pm Sep 13, 2012 9:39pm
Hi,

Anyone trades USDCAD using S3 H4?
it is sinking deeper with no floor in sight....three weeks in a row strong bears rule.

Also USDCHF looks like some selling pressure. See if we can spot some good potential setups using TDI.

Overall look at USD strength, correlataion is telling us something when the big reversal will come.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,550
  • Sep 13, 2012 9:57pm Sep 13, 2012 9:57pm
Quoting emmanuel7788
Hi,
Trade Well!
Sleep Well!
  • #8,551
  • Sep 13, 2012 10:01pm Sep 13, 2012 10:01pm
Quoting jasakreatif
Sleep Well!

Hi my friend,

yes , i did slept well last night after FOMC. Some nice runs so I cannot complain what Bernanke did.

Woke up today and took one banana for my breakfast. Now full of energy so I thought I write some posts on FF.

How are you doing lately?

Cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,552
  • Sep 14, 2012 12:44am Sep 14, 2012 12:44am
Quoting emmanuel7788
hi thrax,

once again, very nice trades. Congrats!

from what I see, the H4 TDI crosses are very good to trade. Just like how Big E trade his TMS.
It is how we manage our trades that will decide how far our trades will go.

EA on D start to look ugly. But H4 now show sign of a triangle consolidation pattern. I love this 5-wave pattern at the end of a strong impulse wave. Now is to see how the wave e will end and look for the next big wave. Let the TDI cross show the way.

It will depends on 3Q corporate results and Oct will be indicative...
hi, emmanuel,

thanks for the kind words! At the moment I see a divergence on the price TDI chart. After a clear cross the first TP can be just below the 1.2500 resistance level.

take care,
thrax
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_H4_strategy name_20120914083947.gif Size: 22 KB
  • #8,553
  • Sep 14, 2012 1:13am Sep 14, 2012 1:13am
Quoting thrax
hi, emmanuel,

thanks for the kind words! At the moment I see a divergence on the price TDI chart. After a clear cross the first TP can be just below the 1.2500 resistance level.

take care,
thrax
oh yes...the divergence phenonmenon is there after strong price movement and indicators need to 'catch up'.
But on H4 I am watching EMA60 which may come into play later on ...not necessary today and since it is Friday, maybe ealry next week.
I do not plan to hold any trade over this weekend.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,554
  • Sep 14, 2012 1:23am Sep 14, 2012 1:23am
Hi,

One hour to LO.


looking at the chart now, will there be a small correction after yesterday' rally?

Likely but watch the APB change colour the next few candles.

If rally continues it will target 168% and DR2 and I see 1.3080 TP.

Trade Well!
Attached Image (click to enlarge)
Click to Enlarge Name: EU week 37 14 Sep 14-9-2012 2-18-29 PM.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,555
  • Sep 14, 2012 3:07am Sep 14, 2012 3:07am
LO+1

will you short?
Attached Image (click to enlarge)
Click to Enlarge Name: EU 14 Sep LO+1 14-9-2012 4-05-06 PM.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,556
  • Sep 14, 2012 3:29am Sep 14, 2012 3:29am
Quoting emmanuel7788
LO+1

will you short?
There might be lots of reasons to but I'm not.

Main reasons to sell the just stunning SR level going back Feb - Apr 2012, held price for 3 months. The pa has not been what I'd call a spectacular reaction from here (took 75 mins to drop 25 odd pips doesn't seem like sellers going mad). At the moment with that engulfing close you might have reason for a sell but I'm Ok to let this one go by. We are also due some correction.

For me theres no reason to suspect this is anything other than a dip in uptrend and I'm sticking to that for now. If that turns out to be wrong so be it.
  • #8,557
  • Sep 14, 2012 3:44am Sep 14, 2012 3:44am
Look at the moves down recently compared to the moves up. You may recall I had a no CT EUR policy for some time. That changed when the ECB started to get a little more vocal. We then had a few months with good 2 way pa.

Just wondering if CT i.e. selling for now needs to be taken with great care. Certainly not from 1 candle 1 TF for me, perhaps if 1hr flow turns over to LH LL.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 13 KB
  • #8,558
  • Sep 14, 2012 5:20am Sep 14, 2012 5:20am
Tp my eu for 90 pips, still in uc short, took 50, other one still running.
  • #8,559
  • Sep 14, 2012 5:31am Sep 14, 2012 5:31am
Hi, i have loaded synergy_apb and have changed colour of my original candles to background colour, however i don't think my set-up is correct, could anyone help?
(check attached picture)
Attached Image
  • #8,560
  • Sep 14, 2012 5:36am Sep 14, 2012 5:36am
Quoting robthorp
Hi, i have loaded synergy_apb and have changed colour of my original candles to background colour, however i don't think my set-up is correct, could anyone help?
(check attached picture)
Looks about right.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 14 KB
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