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  • #6,601
  • Nov 13, 2012 8:28am Nov 13, 2012 8:28am
Quoting TheLastCoke
I've created a Poll, multiple choice is allow and participants aren't showed.
There should be a 5th option in the poll that says 'all of the above' I found it difficult to choose any particular one because the FF explorer is good for all those options.

Cheers
Dan
  • #6,602
  • Nov 13, 2012 8:29am Nov 13, 2012 8:29am
Quoting dan89
There should be a 5th option in the poll that says 'all of the above' I found it difficult to choose any particular one because the FF explorer is good for all those options.

Cheers
Dan
I agree.
  • #6,603
  • Nov 13, 2012 8:38am Nov 13, 2012 8:38am
Quoting Winston Reed
I think you already posted something on this one.
EUR/USD There is a lot of Bullish Confluence on that one. LL made since last post let see if the entry is reached without any major retracement

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 25 KB
  • #6,604
  • Nov 13, 2012 8:39am Nov 13, 2012 8:39am
Quoting dan89
There should be a 5th option in the poll that says 'all of the above' I found it difficult to choose any particular one because the FF explorer is good for all those options.

Cheers
Dan
I can't edit the poll but all answers can be marked
  • #6,605
  • Nov 13, 2012 8:46am Nov 13, 2012 8:46am
Quoting Winston Reed
I think you already posted something on this one.
On the original EUR/USD post there is the template, you can use it to see how the Fib Exp was used to create the AB=CD pattern

Quoting TheLastCoke
EUR/USD High Bullish Confluence + Great RRR

Attachment

Here is the template if you want to plot it in your MT4

Attachment
  • #6,606
  • Nov 13, 2012 8:46am Nov 13, 2012 8:46am
Quoting TheLastCoke
I can't edit the poll but all answers can be marked
LOL. I just figured out how to use the fibo expansion tool. Now AB-CD is making more since. I've been trading for 5 years. I feel infantile but enjoying.
  • #6,607
  • Nov 13, 2012 9:10am Nov 13, 2012 9:10am
Quoting TheLastCoke
I can't edit the poll but all answers can be marked
ahh cool. Ive edited my vote to include all the answers. Really great that you include BOTH trade explorer and your charts on the thread with analysis before the fact. I think your the only one here on FF that does so.
  • #6,608
  • Nov 13, 2012 9:14am Nov 13, 2012 9:14am
Quoting TheLastCoke
EUR/USD There is a lot of Bullish Confluence on that one. LL made since last post let see if the entry is reached without any major retracement

Attachment
LC, how do you determine what your initial stop losses are ? For example in this case , it is 45 pips . Why ? And what makes you go to BE ? Trying to understand you trade management
Human
  • #6,609
  • Nov 13, 2012 9:30am Nov 13, 2012 9:30am
Quoting TheLastCoke
It is just a different approach to PA (daily candle average, consolidation periods, poor rejection, tight range, etc), I will try to explain why the entry criteria was met or why the setup was cancelled.

Harmonincs are just a combination of fibs in a very particular way, best thing about it is that D (entry level) are at extrems where the RRR is fantastic. Easiest way to start is with a simple AB=CD pattern, they are the mother of harmonics.

Keep this in mind:
AB=CD when D=100% the periods should also be equal (time and lenght). Good setup if...
Hope this helps to identify the AB=CD paterns, they are an everyday tool in my trading

Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 14 KB


Attached File(s)
File Type: tpl fibs.tpl   9 KB | 279 downloads
  • #6,610
  • Nov 13, 2012 9:35am Nov 13, 2012 9:35am
Quoting TheLastCoke
Hope this helps to identify the AB=CD paterns, they are an everyday tool in my trading

Attachment

Attachment
Hi LC, I was wondering if you could list the pairs that you trade (or link to a previous post with a list) and what timeframes you trade (4h Daily ?) Do you treat all pairs the same in regards to your analysis or are some pairs where you wouldnt trade a specific setup such as a breakout ?

Cheers
Dan
  • #6,611
  • Nov 13, 2012 9:52am Nov 13, 2012 9:52am
Quoting Chanya
LC, how do you determine what your initial stop losses are ? For example in this case , it is 45 pips . Why ? And what makes you go to BE ? Trying to understand you trade management
Hello Chanya, The SL is usually set under the previous candle lowest point (or series of candles that makes S&R). Mean by previous candle those that are beyond entry, in this case the white circle (not the best chart to see it).

To determine the SL to BE, there are several points to consider:
1. Amount of pips risked, usually set at BE when the same amount of pips for the initial SL has been reached
2. Previous tops or bottoms, see this EUR/USD setup for example (white line), the SL is below previous top, in fact notice how it is currently being rejected at that level (used as support), after triggereing the order it can be used as Resistance
3. Set at BE when price is just hovering around entry with poor rejection (just like I did with my EUR/JPY and CAD/JPY previously posted here)

From now on, I will point the reference used for the SL and BE for all setups.

Attached Image (click to enlarge)
Click to Enlarge Name: sl.gif Size: 25 KB
  • #6,612
  • Nov 13, 2012 10:03am Nov 13, 2012 10:03am
Quoting dan89
Hi LC, I was wondering if you could list the pairs that you trade (or link to a previous post with a list) and what timeframes you trade (4h Daily ?) Do you treat all pairs the same in regards to your analysis or are some pairs where you wouldnt trade a specific setup such as a breakout ?

Cheers
Dan
These are the most used pairs I keep an eye on:
AUDCAD
AUDCHF
AUDJPY
AUDNZD
AUDUSD
CADCHF
CADJPY
CHFJPY
EURAUD
EURCAD
EURCHF
EURGBP
EURJPY
EURNZD
EURUSD
GBPAUD
GBPCAD
GBPCHF
GBPJPY
GBPNZD
GBPUSD
NZDCAD
NZDCHF
NZDJPY
NZDUSD
USDCAD
USDCHF
USDJPY

Some of them respond/react in a different way to the same tools, I have my favorites for harmonics, 50% fibs, AB=CD, flags etc. but basically I try to keep TA (Technical Analisys) as objective as possible.
  • #6,613
  • Nov 13, 2012 10:07am Nov 13, 2012 10:07am
Took this short on USDCHF at the 38.2 fibo retracement.
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  • #6,614
  • Nov 13, 2012 10:11am Nov 13, 2012 10:11am
Quoting Winston Reed
Took this short on USDCHF at the 38.2 fibo retracement.
USD/CHF It can work for both of us, take your profits first and let it go to my entry later on. 50% Fib shows a strong Bearish Confluence

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 23 KB
  • #6,615
  • Nov 13, 2012 10:14am Nov 13, 2012 10:14am
Quoting dan89
Hi LC, I was wondering if you could list the pairs that you trade (or link to a previous post with a list) and what timeframes you trade (4h Daily ?) Do you treat all pairs the same in regards to your analysis or are some pairs where you wouldnt trade a specific setup such as a breakout ?

Cheers
Dan
Now that you mention list of pairs, here is a very useful script to help you keep track of several pairs at the same time without even touching your keyboard or buying a bunch of monitors.

Quoting TheLastCoke
Automatically keep track of all charts in a slideshow

How can you easily keep track of so many charts at the same time without having several monitors? (Easily)

The following script is a very helpful way to monitor all charts without the need to click the bottom tabs or Ctrl + Tab (or install additional monitors). After the script is installed every chart will be displayed 10 seconds then the next chart will be shown (the time can be changed). Follow these steps:

1. Save the Auto.ex4 and Auto.mq4 files in a place you can remember
2. Copy...
http://www.forexfactory.com/showthre...71#post5157771
  • #6,616
  • Nov 13, 2012 10:19am Nov 13, 2012 10:19am
Quoting TheLastCoke
USD/CHF It can work for both of us, take your profits first and let it go to my entry later on. 50% Fib shows a strong Bearish Confluence

Attachment
OK, I can see much better confluence at the 50% fibo. Lines up with the EU setup. Already closed half and other half at break even.
  • #6,617
  • Nov 13, 2012 10:32am Nov 13, 2012 10:32am
Quoting Winston Reed
OK, I can see much better confluence at the 50% fibo. Lines up with the EU setup. Already closed half and other half at break even.
I try to keep correlations away from my TA but yes , that is a nice correlation between those two pairs
  • #6,618
  • Nov 13, 2012 10:37am Nov 13, 2012 10:37am
Quoting TheLastCoke
I try to keep correlations away from my TA but yes , that is a nice correlation between those two pairs
Your wisdom is much appreciated. I do get caught up in the correlation sometimes - to my detriment.
  • #6,619
  • Nov 13, 2012 10:48am Nov 13, 2012 10:48am
Quoting Winston Reed
Your wisdom is much appreciated. I do get caught up in the correlation sometimes - to my detriment.
This is a nice tool to keep track of several correlation pairs at the same time:

http://www.forexticket.co.uk/en/tools/01-01-correlation
  • #6,620
  • Nov 13, 2012 11:07am Nov 13, 2012 11:07am
This one seems to have some legs. SL at BE and TP as shown
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf111312tradeltc.gif Size: 31 KB
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