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Buy sell line trading

  • #2,201
  • Dec 18, 2012 6:30pm Dec 18, 2012 6:30pm
Quoting kashTrader
Thanks 60... I realise this rule and have read it before. I was just finding it hard how this rule actually was applied to the entry. I guess there was a bit of discretion.
somewhere i did a video about how price will spike up before continuing its drop....

that pattern on gold h4 today is very common when trending and worth its weight in... well.. gold
tradewith60
  • #2,202
  • Dec 18, 2012 6:33pm Dec 18, 2012 6:33pm
Quoting 60minuteman
somewhere i did a video about how price will spike up before continuing its drop....

that pattern on gold h4 today is very common when trending and worth its weight in... well.. gold
This is my first time experiencing this. I don't have the money in my account so just enjoying the show
  • #2,203
  • Dec 18, 2012 6:49pm Dec 18, 2012 6:49pm
Quoting 60minuteman
COPIED FROM PAGE 1 ENTRY RULES

alternate signal candle

the engulfing set up will not catch all moves back into a trend so we have an alternate signal candle that is just as successful.

This is just an alternative to the engulfing price action and all other rules remain unchanged.

1. For shorts the signal candle must close in the bottom 25% of its range and its high or the previous candles high must be the highest high of the last 5 candles.
Hi 60min,I have been thinking that the rule 2 only apply to the signal candle that has very narrow body(spike) like what you show in the page 1!But in the Orilarion's picture the signal candle has wide body,is it correct?
  • #2,204
  • Dec 18, 2012 6:53pm Dec 18, 2012 6:53pm
Quoting kashTrader
This is my first time experiencing this. I don't have the money in my account so just enjoying the show
sorry if im a bit short with you KT....

you're doing ok... but work hard at it, study charts, back test.... get your eyes tuned into the tf you want to trade... im backtesting as I write this, going over EU December 2011...
tradewith60
  • #2,205
  • Dec 18, 2012 6:54pm Dec 18, 2012 6:54pm
Quoting kaka_ht
Hi 60min,I have been thinking that the rule 2 only apply to the signal candle that has very narrow body(spike) like what you show in the page 1!But in the Orilarion's picture the signal candle has wide body,is it correct?
the important part are the close (right at the extreme) and the fact it has come from an extreme swing point
tradewith60
  • #2,206
  • Dec 18, 2012 6:58pm Dec 18, 2012 6:58pm
Quoting 60minuteman
somewhere i did a video about how price will spike up before continuing its drop....

that pattern on gold h4 today is very common when trending and worth its weight in... well.. gold
Are you taking the GLD trade on?
  • #2,207
  • Edited 1:10am Dec 19, 2012 12:53am | Edited 1:10am
Some nice signals on 15 min TF apprear around Day Open Line level.

GOLD
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  • #2,208
  • Dec 19, 2012 1:08am Dec 19, 2012 1:08am
USDCAD
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  • #2,209
  • Dec 19, 2012 1:15am Dec 19, 2012 1:15am
EURJPY
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  • #2,210
  • Dec 19, 2012 1:51am Dec 19, 2012 1:51am
GBPUSD

Thanks a lot 60minuteman and California for shedding the light.....
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  • #2,211
  • Dec 19, 2012 1:55am Dec 19, 2012 1:55am
Quoting snail69
GBPUSD

Thanks a lot 60minuteman and California for shedding the light.....
Can you explain more clear!It's so hard for me to see your chart beacause I don't use this kind of this indicator!Thanks!
  • #2,212
  • Dec 19, 2012 2:12am Dec 19, 2012 2:12am
Quoting kaka_ht
Can you explain more clear!It's so hard for me to see your chart beacause I don't use this kind of this indicator!Thanks!

Kaka, indicator is just a help to see better swings. Price behaviour and momentum is key.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 #4X 3 Semafor Alert (1).ex4   11 KB | 288 downloads
  • #2,213
  • Dec 19, 2012 2:16am Dec 19, 2012 2:16am
Quoting snail69
Kaka, indicator is just a help to see better swings. Price behaviour and momentum is key.
Yes,I understand it!But can't see clearly your charts(like entries,signal candles..)
  • #2,214
  • Dec 19, 2012 2:22am Dec 19, 2012 2:22am
Quoting kaka_ht
Yes,I understand it!But can't see clearly your charts(like entries,signal candles..)
I do not know why Kaka, when I click on pic it comes out bigger and pink arrows are there to indicate entries.
  • #2,215
  • Dec 19, 2012 6:02am Dec 19, 2012 6:02am
Quoting snail69
I do not know why Kaka, when I click on pic it comes out bigger and pink arrows are there to indicate entries.
Yes, the candles are there and so are the arrows but as Kaka points out, it is rather difficult to see. Compare you picture with the one you posted from the 1st post. You will see the difference.
  • #2,216
  • Dec 19, 2012 6:18am Dec 19, 2012 6:18am
Quoting kashTrader
Yes, the candles are there and so are the arrows but as Kaka points out, it is rather difficult to see. Compare you picture with the one you posted from the 1st post. You will see the difference.
Ok, will try to zoom more in future.
  • #2,217
  • Dec 19, 2012 6:20am Dec 19, 2012 6:20am
Quoting snail69
Ok, will try to zoom more in future.
Cheers bro
  • #2,218
  • Dec 19, 2012 7:00am Dec 19, 2012 7:00am
Only 1 trade this week so far for me. A pretty straight forward type 2, 1 hr entry. 50% off 1:1RR and decided to take the rest off just before previous area of resistance at 1:3RR
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  • #2,219
  • Dec 19, 2012 7:01am Dec 19, 2012 7:01am
Quoting Trekker
Only 1 trade this week so far for me. A pretty straight forward type 2, 1 hr entry. 50% off 1:1RR and decided to take the rest off just before previous area of resistance at 1:3RR
Very nice Trek. Could you please let me know what are the SMA or EMA lines you are using on there. I am guessing yellow is the 50SMA.
  • #2,220
  • Dec 19, 2012 7:18am Dec 19, 2012 7:18am
Hi Kash

Yep, yellow is 50sma.

Others are not part of the strategy of course, I just like to have them because I used them in a previous strategy as floating s/r. They are the 10sma and 20sma. I also have the 200ema on my charts.
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