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  • #10,081
  • Jan 30, 2013 1:37pm Jan 30, 2013 1:37pm
Hi,

I share my EURAUD H4 trade of today.

After the price tested the previous week's Fib 61.8 and price was above ema(200) and bullish TDI cross and bullish TDI cross occurred I entered long. Unfortunately I set my initial TP (43 pips) too close, just below 1.29500 which was hit very quickly so I did not had the chance to take profit in steps. It is nice to observe, that after that the price moved further up reaching almost the level of Fib 127%.

I have GBPJPY, EURUSD and USDCAD H4 trades which are still running. After closing I will share these trades, too.

take care,
thrax
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  • #10,082
  • Jan 30, 2013 4:16pm Jan 30, 2013 4:16pm
Hey thrax. Looks like a possible pullback on EA 4H in the making. AB-CD, bearish divergence and that resistance level its having a hard time closing above. We'll see
  • #10,083
  • Jan 30, 2013 6:43pm Jan 30, 2013 6:43pm
Quoting thrax
Hi,

I share my EURAUD H4 trade of today.

After the price tested the previous week's Fib 61.8 and price was above ema(200) and bullish TDI cross and bullish TDI cross occurred I entered long. Unfortunately I set my initial TP (43 pips) too close, just below 1.29500 which was hit very quickly so I did not had the chance to take profit in steps. It is nice to observe, that after that the price moved further up reaching almost the level of Fib 127%.

I have GBPJPY, EURUSD and USDCAD H4 trades which are still running. After closing I will share...
Hi,bro,your chart are very perfect,May i have a question?
besides the 5EMA,which the other EMA do u use in your chart?
  • #10,084
  • Jan 30, 2013 8:10pm Jan 30, 2013 8:10pm
Quoting thrax
Hi,

I share my EURAUD H4 trade of today.

After the price tested the previous week's Fib 61.8 and price was above ema(200) and bullish TDI cross and bullish TDI cross occurred I entered long. Unfortunately I set my initial TP (43 pips) too close, just below 1.29500 which was hit very quickly so I did not had the chance to take profit in steps. It is nice to observe, that after that the price moved further up reaching almost the level of Fib 127%.
I have GBPJPY, EURUSD and USDCAD H4 trades which are still running. After closing I will share these...
Hi thrax,Could you tell me what indi is showing on your charts the small arrows (red/green) ?
Is it Tms-Osc-Cross written by Xaphod ? If so what are the settings you have used ?
Thanks
  • #10,085
  • Jan 30, 2013 8:42pm Jan 30, 2013 8:42pm
Long AUDUSD 2013-01-31 0100 GMT @ 1.0428?

Wanted to check in with this thread concerning this trade. I went long on the 5th bar using the H1 chart (please see attached) after placing a Buy Stop just above the previous 3rd blue bar high. The reason I did this was TDI has crossed up from below the 32 level, the H4 chart was showing a double bottom against the lower daily channel and the H1 chart showed a double bottom against 1.0400. I originally went in on the initial TDI cross up several bars ago but got stopped out and saw this as a good opportunity to attempt another long trade with what I saw as several reasons to go long.

I would have liked to get in earlier such as on the 3rd bar but I used that as my signal bar to go long if price moved higher.

My question is. Are my reasons for going long good enough at this point to have made the trade and if this was not a good attempt to go long, why not?

I've been messing around a little for the past year in Forex and have been very reluctant to dive in with real money. After spending some time researching technical analysis and PA as well as attempting to find a good system that I can work with I stumbled upon eelfranz's Trading Made Simple then migrated over to the S3 system. I'm very appreciative of the support I've seen in this thread and the hard work that went into creating this system. I'm working in a demo account while I get a better hang of this system.

Thanks

shoktrader
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  • #10,086
  • Jan 30, 2013 10:55pm Jan 30, 2013 10:55pm
Quoting illlili
Hey thrax. Looks like a possible pullback on EA 4H in the making. AB-CD, bearish divergence and that resistance level its having a hard time closing above. We'll see
I think it is likely that the price will turn back and test previous week's high and the again move up, but only price will tell the truth:-)

Quoting chye
Hi,bro,your chart are very perfect,May i have a question?
besides the 5EMA,which the other EMA do u use in your chart?
That is the EMA(200).

Quoting effluvium
Hi thrax,Could you tell me what indi is showing on your charts the small arrows (red/green) ?
Is it Tms-Osc-Cross written by Xaphod ? If so what are the settings you have used ?
Thanks
Yes, the TMS-OSC Cross 1.05. But i set not to draw arrow in case of bullish TDI cross above 68 and bearih TDI cross below 32. You can set these in the properties.

Take care,
thrax
  • #10,087
  • Jan 30, 2013 11:03pm Jan 30, 2013 11:03pm
Two trade yesterday
Can somebody help me explain why the second trade hit SL???
Attached Image(s) (click to enlarge)
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  • #10,088
  • Jan 30, 2013 11:16pm Jan 30, 2013 11:16pm
Quoting Pervis
Two trade yesterday
Can somebody help me explain why the second trade hit SL???
this is geppy ... a very volatile pair with high spread...many speculators play this pair.

on my live data I see price hit 143.47...
at the time when US GDP data release....
at that time the ATR(10) on H1 is about 30ips.
do you think your stop is far enough to survive the hourly volatility?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,089
  • Jan 30, 2013 11:30pm Jan 30, 2013 11:30pm
Quoting thrax
...
Yes, the TMS-OSC Cross 1.05. But i set not to draw arrow in case of bullish TDI cross above 68 and bearih TDI cross below 32. You can set these in the properties.

Take care,
thrax
I think that is very clever thing you did that as filter.
that shows you have had enough screen time on your charts.

I LIKE!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,090
  • Jan 30, 2013 11:48pm Jan 30, 2013 11:48pm
Quoting shoktrader
Long AUDUSD 2013-01-31 0100 GMT @ 1.0428?

Wanted to check in with this thread concerning this trade. I went long on the 5th bar using the H1 chart (please see attached) after placing a Buy Stop just above the previous 3rd blue bar high. The reason I did this was TDI has crossed up from below the 32 level, the H4 chart was showing a double bottom against the lower daily channel and the H1 chart showed a double bottom against 1.0400. I originally went in on the initial TDI cross up several bars ago but got stopped out and saw this as a good opportunity...
before I go in details, please take a look at the D chart.
what can you make out of the previous D candle close?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,091
  • Jan 31, 2013 12:00am Jan 31, 2013 12:00am
Quoting Pervis
Two trade yesterday
Can somebody help me explain why the second trade hit SL???
I think you should have got out at Yesterday High, PA almost made a double top there with later on a strong pullback candle, PA already made a long bull move so it shows that PA had reached its target into the move, my basic explanation, hope it helps
I Have Learned to Take Some Losses to Make Profits
  • #10,092
  • Jan 31, 2013 12:35am Jan 31, 2013 12:35am
Quoting emmanuel7788
this is geppy ... a very volatile pair with high spread...many speculators play this pair.

on my live data I see price hit 143.47...
at the time when US GDP data release....
at that time the ATR(10) on H1 is about 30ips.
do you think your stop is far enough to survive the hourly volatility?

Thanks Emmanuel!

Can you show me why you're using ATR(10) instead of ATR(5) or some else?I'm not farmiliar with ATR (although on my chart have this index - xADR indicator include)
Attached Image (click to enlarge)
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  • #10,093
  • Jan 31, 2013 12:43am Jan 31, 2013 12:43am
Quoting TheScorpS
I think you should have got out at Yesterday High, PA almost made a double top there with later on a strong pullback candle, PA already made a long bull move so it shows that PA had reached its target into the move, my basic explanation, hope it helps
Thanks ScorpS.. but TP @144.212 still larger than High @144.188 ~2.4pip. Sometime I found this case and TP hit. In this case seem SL hit before TP reach
  • #10,094
  • Jan 31, 2013 12:58am Jan 31, 2013 12:58am
Quoting Pervis
Thanks Emmanuel!

Can you show me why you're using ATR(10) instead of ATR(5) or some else?I'm not farmiliar with ATR (although on my chart have this index - xADR indicator include)

I don't know which ADR you use and how many days is use to calculate.

Whether you use 5 or 10 period for ATR, you must look at the recent volatility of the candles. If you see 5 huge candle, the ATR(5) is going to be much bigger. I know may traders use 2 x ATR(10) H1 as technical trailing stop behind the most recent H1 high.

See example illustrated below.
Attached Image (click to enlarge)
Click to Enlarge Name: ATR 5 vs 10 vs 100.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,095
  • Jan 31, 2013 1:02am Jan 31, 2013 1:02am
For long term

http://www.compassfx.com/video/ip/12913/12913.html
  • #10,096
  • Jan 31, 2013 1:09am Jan 31, 2013 1:09am
Quoting emmanuel7788
I don't know which ADR you use and how many days is use to calculate.

Whether you use 5 or 10 period for ATR, you must look at the recent volatility of the candles. If you see 5 huge candle, the ATR(5) is going to be much bigger. I know may traders use 2 x ATR(10) H1 as technical trailing stop behind the most recent H1 high.

See example illustrated below.

Hi Emmanuel,
Very useful, I understood part of the using of ATR

Thanks again!
  • #10,097
  • Jan 31, 2013 1:40am Jan 31, 2013 1:40am
Quoting Pervis
Thanks Emmanuel!

Can you show me why you're using ATR(10) instead of ATR(5) or some else?I'm not farmiliar with ATR (although on my chart have this index - xADR indicator include)
Pervis, what is that left green indi on the left side of your chart window, is it round number indi?

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #10,098
  • Jan 31, 2013 2:23am Jan 31, 2013 2:23am
I have a very stupid question. I heard trading every line crosses at TDI would eventually blow off my account. Then what if I go opposite? That is, whenever I get buy cross I go short, and whenever i get sell cross i go long. Have anyone had a backtest of it? TP would be next high or low on the left. SL is 10 pips (money stop).
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10,099
  • Jan 31, 2013 2:42am Jan 31, 2013 2:42am
Quoting heispark
I have a very stupid question. I heard trading every line crosses at TDI would eventually blow off my account. Then what if I go opposite? That is, whenever I get buy cross I go short, and whenever i get sell cross i go long. Have anyone had a backtest of it? TP would be next high or low on the left. SL is 10 pips (money stop).
here is my stupid answer:
It will blow your account even faster when you do not know the TF you are trading.
tell me which TF do you intend to do this opposite method?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,100
  • Jan 31, 2013 2:52am Jan 31, 2013 2:52am
Quoting emmanuel7788
here is my stupid answer:
It will blow your account even faster when you do not know the TF you are trading.
tell me which TF do you intend to do this opposite method?
Noisy 5 min.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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