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  • #9,001
  • Oct 31, 2012 6:23am Oct 31, 2012 6:23am
Quoting dee50
Double top on the hourly at the confluence of the 89% and 61.8%. TDI OB on 1hr, 15min and LTF

Hi dee

Despite the double top I am wary of betting against the days direction pre/early US open. Could we go down sure but until theres strong evidence on 1hr (i.e. not a small doji or similar) bias under normal circumstances would be more upside. Of course with the storms in New York its not normal circumstances.

Would be look for engulfing type close on 1hr first to confirm move down.
  • #9,002
  • Oct 31, 2012 6:26am Oct 31, 2012 6:26am
There are a load of sell orders sitting at 1.3030 market is going up to get them
Cut your Losers short and let your Winners run.
  • #9,003
  • Oct 31, 2012 6:34am Oct 31, 2012 6:34am
Quoting dee50
There are a load of sell orders sitting at 1.3030 market is going up to get them
In general SR area of 19 Oct and 25 Oct low/high respectively.

Where do you get your sell orders info from?

Anyway like I said pre/early US I've been burnt enough times to stay away from counter days trend trades. For me its been (over time) such a low % win that I don't care what it does. So for me its re-entry buy or no trade, I won't sell yet.

After US news with a good 1hr set up candle different story.
  • #9,004
  • Oct 31, 2012 6:35am Oct 31, 2012 6:35am
I am done for the day. Made a profit, that is enough for me. adios
Cut your Losers short and let your Winners run.
  • #9,005
  • Oct 31, 2012 6:44am Oct 31, 2012 6:44am
Quoting Vantage
In general SR area of 19 Oct and 25 Oct low/high respectively.

Where do you get your sell orders info from?

Anyway like I said pre/early US I've been burnt enough times to stay away from counter days trend trades. For me its been (over time) such a low % win that I don't care what it does. So for me its re-entry buy or no trade, I won't sell yet.

After US news with a good 1hr set up candle different story.
I was not suggesting that any one enters a sell order. I was advising caution with existing orders.

Funny how we all are using the same language, but the interpretations are all different, much like trading.
Cut your Losers short and let your Winners run.
  • #9,006
  • Oct 31, 2012 6:50am Oct 31, 2012 6:50am
Quoting dee50
I was not suggesting that any one enters a sell order. I was advising caution with existing orders.

Funny how we all are using the same language, but the interpretations are all different, much like trading.
Hi dee

Sorry for the confusion.

I understood that you had info of sellers at 1.3030 and market would likely get there before falling. Not that you were suggesting a specific sell trade. Just wondered where you got that sell info from (Ninjatrader?) and if it has proved useful in the past.
  • #9,007
  • Oct 31, 2012 7:06am Oct 31, 2012 7:06am
Quoting Vantage
Hi dee

Sorry for the confusion.

I understood that you had info of sellers at 1.3030 and market would likely get there before falling. Just wondered where you got that sell info from (Ninjatrader?) and if it has proved useful in the past.
In futures we have a different method of entering buy and sell orders, we have a one click system, much more effective than MT4. As you can see, we have a price ladder marked as BUY and Sell (BID and ASK) we get level 2 data which shows some of the order book, for eurusd 5 levels for e-mini S&P 10 levels etc. Usefull is not the word.
Attached Image
Cut your Losers short and let your Winners run.
  • #9,008
  • Oct 31, 2012 7:29am Oct 31, 2012 7:29am
All my trades closed.

Was few pips from my target but after marked retraced more than 20 pips, decided to bailout....

Still + 65 pips for the day.
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  • #9,009
  • Oct 31, 2012 7:32am Oct 31, 2012 7:32am
Quoting munirpt
All my trades closed.

Was few pips from my target but after marked retraced more than 20 pips, decided to bailout....

Still + 65 pips for the day.
Well done
Cut your Losers short and let your Winners run.
  • #9,010
  • Oct 31, 2012 7:34am Oct 31, 2012 7:34am
Quoting Vantage
Just wondered where you got that sell info from (Ninjatrader?) and if it has proved useful in the past.
Thanks to one of the bright coders, we also have this version of the Matrix, it makes reading the tape much easier.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #9,011
  • Oct 31, 2012 8:19am Oct 31, 2012 8:19am
Hi guys

here i am again...
Entered short at 13h00 GMT
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  • #9,012
  • Oct 31, 2012 9:14am Oct 31, 2012 9:14am
Trade 3 for the day closed

+40+25+16= 81 pips

not bad for a day which range was 75 pips...

I call it a day... See you tomorrow
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  • #9,013
  • Oct 31, 2012 10:00am Oct 31, 2012 10:00am
TP just been hit on my short +40 same entry as Munir. So +43 this morning.

+83 for the day.

Didnīt we all do well today, all things considered.

I said a reversal was on the way.
Cut your Losers short and let your Winners run.
  • #9,014
  • Oct 31, 2012 10:05am Oct 31, 2012 10:05am
Quoting dee50
TP just been hit on my short +40 same entry as Munir. So +43 this morning.

+83 for the day.

Didnīt we all do well today, all things considered.

I said a reversal was on the way.
I was able to realize that a reversal was coming after seeing the pin bar that closed at 12 GMT.

Great trading Dee! You rock!
  • #9,015
  • Oct 31, 2012 10:09am Oct 31, 2012 10:09am
Quoting munirpt
I was able to realize that a reversal was coming after seeing the pin bar that closed at 12 GMT.

Great trading Dee! You rock!
Yes the pin bar plus strong divergence, so the earlier DT was a warning.

Great trading by you today, you picked your spots perfectly.
Cut your Losers short and let your Winners run.
  • #9,016
  • Oct 31, 2012 10:15am Oct 31, 2012 10:15am
Quoting dee50
Yes the pin bar plus strong divergence, so the earlier DT was a warning.

Great trading by you today, you picked your spots perfectly.
Here are 2 charts that shows what Dee was mentioning to us:

Chart 1 : 1H chart - pin bar - alert that something is wrong
Chart 2 : 15M chart - divergence - confirmation that trend might be changing
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  • #9,017
  • Oct 31, 2012 10:45am Oct 31, 2012 10:45am
Hey. Although I am a beginner but now +35. Entered into a long on H1. I like the H1 confirmation 15M. Short I missed other things. All good mood. I like this system. See you tomorrow.

Attached Image (click to enlarge)
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  • #9,018
  • Nov 1, 2012 12:48am Nov 1, 2012 12:48am
Dee and Munirpt - you've done it again , great - and thanks so much for posting your charts with such good explanations , they are so helpful .I just want you to know how much i appreciate them - and I'm sure i speak for many others , it must be great to help others so much , i wish i could also do the same , (who knows - maybe one day )
Also would be good to see Phx 62 , emmanuel and many others who used to post here and of course not forgeting X_MAN
  • #9,019
  • Edited 3:16am Nov 1, 2012 2:42am | Edited 3:16am
Hi guys

here is my morning entry.
Entry on breakout of consolidation.
TDI was already crossed.
Yesterday Daily candle was a pin bar, so my bias was clearly bearish

UPDATE: Closed at Break Even + 2 . Didn't like the retracement of about 20 pips....
Attached Image (click to enlarge)
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  • #9,020
  • Nov 1, 2012 4:05am Nov 1, 2012 4:05am
Quoting dee50
TP just been hit on my short +40 same entry as Munir. So +43 this morning.

+83 for the day.

Didnīt we all do well today, all things considered.

I said a reversal was on the way.
I was also happy because turn took 4 hrs to take place so I didn't have to worry about my bias going against counter London session direction from only 1 weak 1hr candle.
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