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  • #8,701
  • Sep 25, 2012 12:00pm Sep 25, 2012 12:00pm
Quoting emmanuel7788
Hi eth,

Suggest you watch the compassfx video on Asian session strategy.

https://www.compassfx.com/synergy/commentary.htm#video

regards,
Hi Emmanuel,

thnx for the recommendation. Really helpful to add a lot of knowledge for me, start watching them. It also specifically answer my question about the entry setup.

Also congrats for your the big winning today..

  • #8,702
  • Sep 25, 2012 12:52pm Sep 25, 2012 12:52pm
Quoting Phx62
Once we moved to X-Man's S3 thread and I gained more trading experience, I did make some changes.....I have learned to analyse price action, candlestick formations, divergence, S/R areas, EMA bounces/crosses & market structure, along with TDI setups to enter trades, rather than relying solely on the TDI for entry.

That being said....my original basic trading plan still works for me. The philosophy gained from all my study and demo trading remain much the same. I am careful to not de-rail the train when "fixing the tracks".
Thanks. Just shows how good the original concept of this method was, and still is.

Interesting that the TDI Indicator actually evolved from the TRSI Indicator developed by Neal Hughes and Joe Dinapoli back in the 90īs and was incorporated into a similar trading method promoted by them, way back then.
Cut your Losers short and let your Winners run.
  • #8,703
  • Sep 25, 2012 2:36pm Sep 25, 2012 2:36pm
Potential 3 drives pattern on EU
Attached Image (click to enlarge)
Click to Enlarge Name: 25-09-2012 20-30-13.jpg Size: 129 KB
  • #8,704
  • Sep 25, 2012 7:19pm Sep 25, 2012 7:19pm
Quoting eth3onstock
Hi Emmanuel,

thnx for the recommendation. Really helpful to add a lot of knowledge for me, start watching them. It also specifically answer my question about the entry setup.

Also congrats for your the big winning today..

Hi eth,

Thanks.

Well, wasn't easy waiting for market reaction post-Draghi speech. Price stalled on yesterday pullback bar.
Had to close remaining position soon after London closed. Past my bedtime.

Today 26 Sep look for sell below 1.2900.

Trade Well!
Attached Image (click to enlarge)
Click to Enlarge Name: EU 25 Sep NYO closed 26-9-2012 8-05-07 AM.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,705
  • Sep 25, 2012 7:21pm Sep 25, 2012 7:21pm
Quoting munirpt
Potential 3 drives pattern on EU

Hi munirpt

interesting 3-drives pattern. ...may help me today to see a move down below 1.2900.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,706
  • Sep 25, 2012 9:45pm Sep 25, 2012 9:45pm
Quoting dee50
Sarcasm is "not" necessary. Those Indis are not on this thread!! They are now!!
What sarcasm? Only trying to help the guy, teach him to fish instead of feeding him, you know the old saying.

And while we are asking stupid questions, who made you judge, jury & forum police all in one?

I'd rather be a smart as than a dumb ass

It takes a lot for me to IGNORE you, but you can try.
  • #8,707
  • Edited 11:56pm Sep 25, 2012 11:41pm | Edited 11:56pm
I noticed these last few days/weeks, EU and GU tend to have big movement on Asian session. When it happened, we rarely get other setup on London session.

(Sorry for this dumb question, but really curious)
Does anyone has an opinion about this situation? Is it commonly happened, or just happened recently because of world economic condition and so on.

Wondering if finally all the three sessions (Asian, London, New York) will have similar average moving range then we don't need to wait for LO/NYO to look for a setup....
  • #8,708
  • Sep 26, 2012 1:28am Sep 26, 2012 1:28am
Where can i get the 5 day ADR calculator indicator.
Thanks.
  • #8,709
  • Edited 1:57am Sep 26, 2012 1:46am | Edited 1:57am
Quoting vandigo
Where can i get the 5 day ADR calculator indicator.
Thanks.

I got mine from this thread:
http://www.forexfactory.com/showthre...46#post5257846


I am sure this ADR indicator was posted in this thread too. You can use the FF search function and look for that in this thread.

Regards,

*here is in this thread: post#7286
http://www.forexfactory.com/showthre...32#post5631932
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,710
  • Sep 26, 2012 1:59am Sep 26, 2012 1:59am
Thanks Emmanuel.
  • #8,711
  • Sep 26, 2012 2:04am Sep 26, 2012 2:04am
Hi,
anyone jumping into this LO?
last candle is doji...
Attached Image (click to enlarge)
Click to Enlarge Name: EU 26 Sep H1 LO 26-9-2012 3-00-11 PM.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,712
  • Sep 26, 2012 2:23am Sep 26, 2012 2:23am
Quoting emmanuel7788
Hi,
anyone jumping into this LO?
last candle is doji...
No not ideal on the doji, not ideal having moved 50 pips from signal candle, not ideal being 6 'red candles' into the move. It might go lower but it would not be a 1st class set up.

Perhaps a retrace and 15 min entry we'll see.

Not sure if this is same adr indi but this is nice, from days open gives you a high low line which adjusts then has a change in colour when range is reached.
Attached File(s)
File Type: ex4 !SM_ADR Marker.ex4   12 KB | 645 downloads
  • #8,713
  • Edited 3:26am Sep 26, 2012 2:40am | Edited 3:26am
Quoting Vantage
No not ideal on the doji, not ideal having moved 50 pips from signal candle, not ideal being 6 'red candles' into the move. It might go lower but it would not be a 1st class set up.

Perhaps a retrace and 15 min entry we'll see.

Not sure if this is same adr indi but this is nice, from days open gives you a high low line which adjusts then has a change in colour when range is reached.

Yes, I am looking for a price pullback on M15 before jumping in this one.
We shall see if market will re-test Monday and Tuesday lows also 1.2900.
This would give a good sell on bearish PA later.

The SM ADR is the one most of us use here. Thanks.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,714
  • Sep 26, 2012 3:19am Sep 26, 2012 3:19am
Quoting eth3onstock
I noticed these last few days/weeks, EU and GU tend to have big movement on Asian session. When it happened, we rarely get other setup on London session.

(Sorry for this dumb question, but really curious)
Does anyone has an opinion about this situation? Is it commonly happened, or just happened recently because of world economic condition and so on.

Wondering if finally all the three sessions (Asian, London, New York) will have similar average moving range then we don't need to wait for LO/NYO to look for a setup....
You do not get accurate volume data in the spot forex market so I have put 2 charts together so you can see what happens asian session. Can you see what is happening and why? I have highlited the asian session.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: VOL 3092012.png Size: 36 KB
Click to Enlarge Name: VOL 17092012.png Size: 36 KB
Cut your Losers short and let your Winners run.
  • #8,715
  • Sep 26, 2012 3:39am Sep 26, 2012 3:39am
Quoting eth3onstock
I noticed these last few days/weeks, EU and GU tend to have big movement on Asian session. When it happened, we rarely get other setup on London session.

(Sorry for this dumb question, but really curious)
Does anyone has an opinion about this situation? Is it commonly happened, or just happened recently because of world economic condition and so on.

Wondering if finally all the three sessions (Asian, London, New York) will have similar average moving range then we don't need to wait for LO/NYO to look for a setup....
Your observation is correct. It has to do with the various countries markets size and liquidity.

read some basic reading info here:
http://www.wikinvest.com/wiki/Most_A...e_Forex_Market

http://www.dummies.com/how-to/conten...ge-market.html

Personally I don't think the Asian markets size combine will beat the European markets size.
I like it this way becasue it will offer us some trade opportunities when the European session opens.
You can still trade the Asian session but only on certains pairs and these pairs are usually are more active during the Tokyo market hours.

Pay attention to the Tokyo first 5 hours. Most often, after the Tokyo sushi time, market makes its move just before Frankfurt open.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,716
  • Sep 26, 2012 3:52am Sep 26, 2012 3:52am
Quoting dee50
You do not get accurate volume data in the spot forex market so I have put 2 charts together so you can see what happens asian session. Can you see what is happening and why? I have highlited the asian session.
Hi Dee,
clearly I'm not the brightest student around
I can see from your charts that volume is increasing when there's a big move on Asian session.

Sorry, but I still don't get it.... (please be patient to me) ehm... is there any economic fundamental situation that increasing the volume on Asian session recently? Because each time that happened, I look for some news and economic analysis on internet but I've got nothing.

Also, refer to S3 rules, even there's volume increased on Asian session... I still have to wait for LO before looking for setup, right...
  • #8,717
  • Sep 26, 2012 3:54am Sep 26, 2012 3:54am
Hi eth3onstock
Its not what happens over a few days/weeks, a method can go quiet for a while, its what a system does long term that matters.

At the moment COT shows big boys offloading their EUR shorts in an orderly fashion, so they are getting out of their positions whilst market falling. They are unlikely to be adding to the move down. Perhaps thats why the moves are not great at the moment.

Not suggesting don't sell the right set up at all, big boys want prices lower to exit sells at better level, it may just be they are not adding to the selling.
  • #8,718
  • Sep 26, 2012 3:56am Sep 26, 2012 3:56am
Target 1 and 2 attained

60 pips cashed in
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.jpg Size: 113 KB
  • #8,719
  • Sep 26, 2012 4:11am Sep 26, 2012 4:11am
Guys and gals

potential long (counter trend) setup on UJ.
Bulish divergence at major support level.

Wait for double bottom and TDI cross. Better if the TDI cross is above the MBL

Remember : should be very careful when going against the trend.

Potential TP - 38 and 61.8 retracement of the downmove
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpydivergence.jpg Size: 123 KB
  • #8,720
  • Sep 26, 2012 4:42am Sep 26, 2012 4:42am
Bounce of 61.8 fib!! will it carry on down? price action is king... GL
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