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  • #10,021
  • Jan 28, 2013 3:00pm Jan 28, 2013 3:00pm
Quoting dee50
I do not have eur/jpy on my platform other wise I would have been trading it. But there were pips available on the eur/usd. When the market is ranging I use the 15 min, and I prefer all the information from standard bars. Today Divergence and S&R played a major part.

1st trade. Divergence. TDI pointing down. Entry at close of first red candle just 1 pip above BRN 3450. TDI crossed below 50 level. Very tight stop 10 pips because this is CT and short target 20 pips to minor support level. Bullish Divergence confirmed the exit.

2nd trade. Did...


Hi what u mean stochastic show me the cycle you can give samples and what u mean with that pls
  • #10,022
  • Jan 28, 2013 6:58pm Jan 28, 2013 6:58pm
Quoting dee50
Spot On. You nailed it. Well done. You did not mention the Divergence but you got everything else.

I think some of the other guys got a bit confused, they are talking about the E/U but you traded the EUR/JPY

Good one Dee.
I was confused as I was so fixated on Euro and both EU and EJ carts look quite similar and not even read the price axis.

Your divergence thingy is good and very consistently used. I hope many traders here will learn and spot them quicker and trade them intuitively.

Thanks and best regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,023
  • Jan 28, 2013 7:00pm Jan 28, 2013 7:00pm
EU H4 29 Jan view:

It was a day of consolidation yesterday. It would mean opportunity for a breakout this week.

See chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 Week 05 29 Jan 29-1-2013 8-48-38 AM.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,024
  • Jan 28, 2013 7:17pm Jan 28, 2013 7:17pm
Example on H4 Channel using TDI crosses.

Question is will Yen continue to weaken or will there be a major correction?
Merkel vs Abe, who win this week?
Attached Image (click to enlarge)
Click to Enlarge Name: Example H4 channel trading 29-1-2013 9-09-17 AM.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,025
  • Jan 28, 2013 10:50pm Jan 28, 2013 10:50pm
Quoting dee50
I do not have eur/jpy on my platform other wise I would have been trading it. But there were pips available on the eur/usd. When the market is ranging I use the 15 min, and I prefer all the information from standard bars. Today Divergence and S&R played a major part.

1st trade. Divergence. TDI pointing down. Entry at close of first red candle just 1 pip above BRN 3450. TDI crossed below 50 level. Very tight stop 10 pips because this is CT and short target 20 pips to minor support level. Bullish Divergence confirmed the exit.

2nd trade. Did not...
Great , Great post Dee , thanks a million , the stochs divergence certainly showed the way , and I think something that many noobies (like me ) need to look out for - especially , as you say on these tricky ranging days.
  • #10,026
  • Jan 28, 2013 11:13pm Jan 28, 2013 11:13pm
Dee50 , I have read about divergence a lot, knew it was simple but could not figure out how to find live on chart

Came to this thread and saw you explaining Divergence everyday to members, and I only continued reading and studying your charts, finally I came to understand Divergence way much better

Here on Eur/JPY pair, on the 15m chart, I think I have spotted a Bearish Divergence, is this right?

I did not want to trade it since we are in Asian Session, Counter-trend and lots of whipsaws in the 15 m chart
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 311 KB
I Have Learned to Take Some Losses to Make Profits
  • #10,027
  • Jan 29, 2013 2:45am Jan 29, 2013 2:45am
+68 pips on euraud since yesterday enjoy
  • #10,028
  • Jan 29, 2013 2:52am Jan 29, 2013 2:52am
thaanks all member
Attached Image (click to enlarge)
Click to Enlarge Name: euraud+.jpg Size: 112 KB
  • #10,029
  • Jan 29, 2013 3:00am Jan 29, 2013 3:00am
Quoting davson90
+68 pips on euraud since yesterday enjoy
http://www.forexfactory.com/attachme...1&d=1359449541

Good trade!

It would help others a lot if you write down what were your thoughts when you took that beautiful trade.

Thanks.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,030
  • Jan 29, 2013 3:13am Jan 29, 2013 3:13am
i m not english man i m french it my problem to explain very well but see TDI signal and candle above EMA(4) and round number
  • #10,031
  • Jan 29, 2013 3:30am Jan 29, 2013 3:30am
Quoting davson90
i m not english man i m french it my problem to explain very well but see TDI signal and candle above EMA(4) and round number
Hi davson,

No problem mate. Your written English is perfectly clear. I am not English either. My ancestors are Chinese.

You made a very good trade entry.

Here are my chart examples showing TDI-PA Divergence on both H1 and H4, both occurences at a RN and Prev W High and bearish Candlstick patterns.

Kind regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA H1 Divergence example.png Size: 31 KB
Click to Enlarge Name: EA H4 Divergence example.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,032
  • Jan 29, 2013 3:58am Jan 29, 2013 3:58am
this is why i took short yesterday euraud
Attached Image (click to enlarge)
Click to Enlarge Name: explain my enter.jpg Size: 137 KB
  • #10,033
  • Jan 29, 2013 4:10am Jan 29, 2013 4:10am
Hi Folks,

here is another example of how H4 channel play in the past weeks.
Now it looks like if Aussie strengthen further, we may be in for a ride down.
Question is how to jump into this move down?
Attached Image (click to enlarge)
Click to Enlarge Name: EA H4 channel examples.png Size: 86 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,034
  • Jan 29, 2013 5:21am Jan 29, 2013 5:21am
good signal with TDI SL 50 TP50 enjoy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy 29.jpg Size: 140 KB
Click to Enlarge Name: gbpusd 29+.jpg Size: 123 KB
  • #10,035
  • Edited 5:46am Jan 29, 2013 5:31am | Edited 5:46am
It is a winning trade, but I'd like to assure myself that analysis made was correct:

http://img24.imageshack.us/img24/1706/eu20130129.jpg

 

  1. Uptrending, though consolidating market. No higher-highs. Expectation of some bear strength.
  2. I have waited for blue candle to go short, didn't want to enter after series of consecutive red ones.
  3. LO candle tested high of Asian session. Very next candle gave me signal to go short- bounce of red (poor slope though) and 50 line. Entered after candle close.
  4. Luckily, breaking news did not trigger SL. After some time i escaped with 23 pips which was equal to risk taken. Would not consider staying in position since market is choppy.

Would like to trade EUR/JPY but do not know that pair yet. Am observing it though.

Can you please comment on this post?
Thanks,
M.

Remember I'm a newbie!
  • #10,036
  • Jan 29, 2013 5:45am Jan 29, 2013 5:45am
Did anyone took this short signal on 1H Tf EUR/USD?

I've entered the trade at 1.3422 on the last red candle from the above picture. PA broke the yesterday low and made a new LL in comparation with the LO. TDI cross, good slope. Yellow MBL above 50 but slopping down.
SL LO high TP 50 pips (around the 200EMA)
Currently the trade is moving against me but I'm being patient


Any ideas?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 20 KB
  • #10,037
  • Jan 29, 2013 6:07am Jan 29, 2013 6:07am
Quoting gigicualex
Did anyone took this short signal on 1H Tf EUR/USD?

I've entered the trade at 1.3422 on the last red candle from the above picture. PA broke the yesterday low and made a new LL in comparation with the LO. TDI cross, good slope. Yellow MBL above 50 but slopping down.
SL LO high TP 50 pips (around the 200EMA)
Currently the trade is moving against me but I'm being patient


Any ideas?

Thanks
I am doubtful. downside may be a small correction,because bias is Upside IMHO.

arasheed
  • #10,038
  • Jan 29, 2013 6:31am Jan 29, 2013 6:31am
Quoting davson90
good signal with TDI SL 50 TP50 enjoy
Nice trades davson.......I took the same EJ trade with entry at 121.79.....
You seem to be mastering the system....success to you.....
  • #10,039
  • Jan 29, 2013 6:35am Jan 29, 2013 6:35am
close my trade +23 pips because 5 candle enjoy
Attached Image (click to enlarge)
Click to Enlarge Name: TDI signal.jpg Size: 114 KB
  • #10,040
  • Jan 29, 2013 6:36am Jan 29, 2013 6:36am
hello emmanuel and all,
Is this a good sell signal on H4 ? with bearish divergence ?
Attached Image (click to enlarge)
Click to Enlarge Name: emmanuel1.JPG Size: 164 KB
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