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  • #10,181
  • Feb 7, 2013 9:02am Feb 7, 2013 9:02am
Quoting thescorps
good for you and i wish you more pips and success your way

can you please add your entry reason on the chart, i know tdi crossed is one, but are there any other reasons regarding price action that made you took those trades?

Thanks again for posting your journal for today and this month, i find it helpful for us newbies
harmonic price patterns
  • #10,182
  • Feb 7, 2013 11:44am Feb 7, 2013 11:44am
Quoting thrax
Hi, fellow traders,

I am actually in two trades:
1. EURUSD H4,
after price retested previous weeks low it turned up+bullish TDI cross+price above EMA(200) and the next resistance is the prvious week's high, so this is also my TP.

2. GBPJPY H4
this is a countertrend trade, but I considered the divergence quite strong and price turned with bearish TDI cross below the MBL. My SL is above the latst high, TP is above previous week's Fib 61.8 and BRN 145.000.

I will let you know hot it playes out.

take care,
thrax
Hi,

1. my EURUSD H4 trade hit SL, I should have closed the trade when bearish TDI cross occurred below EMA(200) with a bearish HA candle.

2. I closed manually the GBPJPY H4 trade because this CT trade was going opposite my entry . This trade should hve been closed latest when bullish TDI cross occurred with price above EMA(200) and bullish HA candle.

Same lessons learned from these trades.

I had one profitable trade this week: NZDUSD H4 short: price as below EMA(200), bearish TDI cross with bearish HA candle.

Phx62's, dee' and davson's successful trades are true inspiration!

take care,
thrax
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 32 KB
Click to Enlarge Name: gj.gif Size: 37 KB
Click to Enlarge Name: nu.gif Size: 38 KB
  • #10,183
  • Feb 7, 2013 4:03pm Feb 7, 2013 4:03pm
Two trades today.....1st @ LO....set TP at 50 due to the location of the yellow resistance area......
2nd trade at NYO once price closed below resistance following a pullback bar that was then followed by a change of color (blue to red) bar.....TDI green crossing red, yellow and the 50 line.....lots of news.....set SL just above the blue double top just in case news went against my position.....set my TP at 200 pips just above the H1 200EMA......stayed in the trade because no candles closed blue before TP hit, even though there was lots of up and down movement with the news announcements....if a candle had closed blue, I would have exited the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.2.7 ej h1.gif Size: 50 KB
  • #10,184
  • Feb 7, 2013 5:15pm Feb 7, 2013 5:15pm
Quoting dee50
Doesnīt anyone look in the attachments section, all this has been done time and time again. This is not just directed at you, but every newbie. LEARN HOW TO USE THE FORUM.


Cave manager
http://www.forexfactory.com/attachme...202012%2016:49


Cave Manager PDF
http://www.forexfactory.com/attachme...202012%2016:46
Thank u so much the pdfs are revealing.
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #10,185
  • Feb 8, 2013 3:34am Feb 8, 2013 3:34am
Guys, can you share your view on this EUR/USD trade?

http://img5.imageshack.us/img5/2316/eu20130208.jpg

Second the last candle is LO.

I waited for asian session to be broken. Green sloping steeply up, bounce off red and cross with yellow. SL below RN, TP at 38.2 of the most recent major move down. R-r ~1:1.

Besides third last candle tested low of the Asian session and reversed. Wouldn't go long if that didn't occur. This is CT and I am aware of this. Yet, above mentioned signals seem to be really realiable. Correct me if I'm wrong, please.

Cheers,
M.
Remember I'm a newbie!
  • #10,186
  • Feb 8, 2013 3:42am Feb 8, 2013 3:42am
Quoting mierzyk
Guys, can you share your view on this EUR/USD trade?

http://img5.imageshack.us/img5/2316/eu20130208.jpg

Second the last candle is LO.

I waited for asian session to be broken. Green sloping steeply up, bounce off red and cross with yellow. SL below RN, TP at 38.2 of the most recent major move down. R-r ~1:1.

Besides third last candle tested low of the Asian session and reversed. Wouldn't go long if that didn't occur. This is CT and I am aware of this. Yet, above mentioned signals seem to be really realiable. Correct me if I'm wrong,...
well, you did some analysis for this trade.
PA must break previous Week Low
I eye 1.3470 at TP.
Let market decide.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,187
  • Feb 8, 2013 4:56am Feb 8, 2013 4:56am
Weekly chart analysis. Is this conclusive or should we check out something else??

Experienced traders do not respond, please.
Attached Image (click to enlarge)
Click to Enlarge Name: WKLY 08 02 2013.png Size: 46 KB
Cut your Losers short and let your Winners run.
  • #10,188
  • Feb 8, 2013 5:18am Feb 8, 2013 5:18am
Is this system valid for 4H time frame
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #10,189
  • Edited 5:50am Feb 8, 2013 5:25am | Edited 5:50am
Quoting mierzyk
Guys, can you share your view on this EUR/USD trade?

I took the same trade. If you look on daily chart price was sitting at a previous R level, so expected a bounce.
The last red candle on 1H chart was very nearly a pin bar, and as you say TDI was looking up.

We have a very bad storm raging here, and I was expecting the electricity to fail. Because of that I got out for a couple of pips. Sure enough 10 minutes later we were without.
It's now back, but for how long is anybody's guess. (Cant't wait for Turkey to enter the 20th century!)

Might re-enter if PA warrants it.
  • #10,190
  • Feb 8, 2013 5:53am Feb 8, 2013 5:53am
Quoting Opemipo
Is this system valid for 4H time frame
what do you understand with this picture below:
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,191
  • Feb 8, 2013 6:11am Feb 8, 2013 6:11am
Quoting dee50
Weekly chart analysis. Is this conclusive or should we check out something else??

Experienced traders do not respond, please.
I think price would resume its uptrend , now a Doji on weekly time frame shows that the market is neutral , it was following an uptrend move, so I guess the market will resume to the up side , let's see what happens , I'm still learning

Dee, putting practice chart is very important for us to learn

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #10,192
  • Edited 7:33am Feb 8, 2013 7:19am | Edited 7:33am
Thankyou emmanuel7788.

SL at -29 pips. Opened a short trade on EURUSD. This time short- following the tredn. Green cross of red and yellow. London session made its high and reversed. I just have my doubts if the price will be able to go below yesterday's low.

http://img90.imageshack.us/img90/4982/eu201302082.jpg

dee50,

As you wish, there goes newbies opinion:

Uptrend. One doji does not make strong reversa (yet, it is not doji anymore). Even, if it does respect EMA200.
Head and shoulders! I'd expect bigger movement after such a clear pattern as this one is. Cannot predict where the price would go. As for now there is no sign that it should reverse, no double top, not even clear and significant resistance area. According to TDI, market isnot overbought yet. Just a short pause before continuation of an uptrend.

Thanks,
M.
Remember I'm a newbie!
  • #10,193
  • Feb 8, 2013 7:54am Feb 8, 2013 7:54am
[quote=mierzyk;6430752]Thankyou emmanuel7788.

SL at -29 pips. Opened a short trade on EURUSD. This time short- following the tredn. Green cross of red and yellow. London session made its high and reversed. I just have my doubts if the price will be able to go below yesterday's low.

http://img90.imageshack.us/img90/4982/eu201302082.jpg


Took the same trade myself this morning. Waited for the brake of LO and Asian high, we had also a TDI cross with green crossing also over MBL, in my opinion SS3 system by the book...in the end SL hit and -25. PHX did you also took this trade? It's exactly based on your rules, so you might also took it.
Cheers guys
  • #10,194
  • Feb 8, 2013 8:54am Feb 8, 2013 8:54am
[quote=gigicualex;6430913]
Quoting mierzyk
Thankyou emmanuel7788.

SL at -29 pips. Opened a short trade on EURUSD. This time short- following the tredn. Green cross of red and yellow. London session made its high and reversed. I just have my doubts if the price will be able to go below yesterday's low.

http://img90.imageshack.us/img90/4982/eu201302082.jpg


Took the same trade myself this morning. Waited for the brake of LO and Asian high, we had also a TDI cross with green crossing also over MBL, in my opinion SS3 system by the book...in the end SL...
No....I traded EJ this morning.....The trade you took looked good.....the only thing I see that needed to be considered is that your long term trend (daily, H4 & H1) are short (what direction is your 200 EMA pointing...up or down?)....otherwise this trade is one of those London Open fakeout trades that occur from time to time.....
Question....why did you not take the next signal to go short? That trade went for 30 or 40 pips......
  • #10,195
  • Feb 8, 2013 9:02am Feb 8, 2013 9:02am
Just closed my 2nd trade of the day on EJ.....1st trade taken on break of the 200 EMA and the 2nd on a change of candle color following a pull back from a double bottom.....done for the week.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.2.8 ej h1.gif Size: 37 KB
  • #10,196
  • Feb 8, 2013 9:08am Feb 8, 2013 9:08am
Quoting Phx62
Question....why did you not take the next signal to go short? That trade went for 30 or 40 pips......
If I may... I did take it and was stopped out. The biggest possible gain I got was 28 pips. Too baad. More backtesting incominmg this weekend

Phx62, was your 1st EURJPY trade made because brakedown of two double-bottom of previous two candles (apart from EMA 200)?

Thankyou.
Remember I'm a newbie!
  • #10,197
  • Feb 8, 2013 9:46am Feb 8, 2013 9:46am
Quoting dee50
Weekly chart analysis. Is this conclusive or should we check out something else??

Experienced traders do not respond, please.
As a noob and just looking at the weekly chart, I'll make a counter proposal based on the 12345-ABC pattern, a reversal off the fib 61.8, and TDI moving into overbought area. Please let me know if you think I've been too loose with the pattern to be treated as a valid possibility.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD20130208.png Size: 108 KB
  • #10,198
  • Feb 8, 2013 10:29am Feb 8, 2013 10:29am
Hi

I use the indicator above to help me find the trend, but when I use it on a EA using icustom() function, it donīt returns the same value displayed on the screen. Can anyone give me some clue of what could be happen?
Thanks

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 Black
#property indicator_color2 Blue
#property indicator_width2 3
#property indicator_color3 Red
#property indicator_width3 3

extern int extremePeriods = 30;
extern string fx_pair = "EURUSD";
extern int timeframe = 240;
double buffer00[];
double buffer01[];
double buffer02[];

int init() {
SetIndexStyle(0, DRAW_LINE);
SetIndexStyle(1, DRAW_LINE);
SetIndexStyle(2, DRAW_LINE);
IndicatorDigits(Digits + 1);
SetIndexBuffer(0, buffer00);
SetIndexBuffer(1, buffer01);
SetIndexBuffer(2, buffer02);
IndicatorShortName("Trend is your friend TF");
SetIndexLabel(0, "Black");
SetIndexLabel(1, "Blue");
SetIndexLabel(2, "Red");
return (0);
}

int start() {

double ld_8;
double ld_16;
double avgLowHigh;
int counted_bars = IndicatorCounted();
double expressao01 = 0;
double ld_40 = 0;
double ld_unused_48 = 0;
double ld_unused_56 = 0;
double ld_64 = 0;
double ld_unused_72 = 0;
double aux_Low = 0;
double aux_High = 0;
double act_High = 0;
double act_Low = 0;
if (counted_bars > 0) counted_bars--;
int limit = Bars - counted_bars;
for (int i = 0; i < limit; i++) {
aux_High = iHigh(fx_pair,timeframe,iHighest(fx_pair, timeframe, MODE_HIGH, extremePeriods, i));
aux_Low = iLow(fx_pair, timeframe,iLowest(fx_pair, timeframe, MODE_LOW, extremePeriods, i));
act_High = iMA(fx_pair,timeframe,1,0,MODE_SMA,PRICE_HIGH,i);
act_Low = iMA(fx_pair,timeframe,1,0,MODE_SMA,PRICE_LOW,i);
avgLowHigh = (act_High + act_Low) / 2.0;
expressao01 = 0.66 * ((avgLowHigh - aux_Low) / (aux_High - aux_Low) - 0.5) + 0.67 * ld_40;
expressao01 = MathMin(MathMax(expressao01, -0.999), 0.999);
buffer00[i] = MathLog((expressao01 + 1) / (1 - expressao01)) / 2.0 + ld_64 / 2.0;
ld_40 = expressao01;
ld_64 = buffer00[i];
}
bool li_108 = TRUE;
for (i = limit - 2; i >= 0; i--) {
ld_16 = buffer00[i];
ld_8 = buffer00[i + 1];
if ((ld_16 < 0.0 && ld_8 > 0.0) || ld_16 < 0.0) li_108 = FALSE;
if ((ld_16 > 0.0 && ld_8 < 0.0) || ld_16 > 0.0) li_108 = TRUE;
if (!li_108) {
buffer02[i] = ld_16;
buffer01[i] = 0.0;
} else {
buffer01[i] = ld_16;
buffer02[i] = 0.0;
}
}
return (0);
}
  • #10,199
  • Feb 8, 2013 11:03am Feb 8, 2013 11:03am
Quoting tugabulls
Hi

I use the indicator above to help me find the trend, but when I use it on a EA using icustom() function, it donīt returns the same value displayed on the screen. Can anyone give me some clue of what could be happen?
Thanks
In my experience I have found that if you replace every instance of {} with :: then things work much better.
Cut your Losers short and let your Winners run.
  • #10,200
  • Feb 8, 2013 11:11am Feb 8, 2013 11:11am
Quoting mierzyk
If I may... I did take it and was stopped out. The biggest possible gain I got was 28 pips. Too baad. More backtesting incominmg this weekend

Phx62, was your 1st EURJPY trade made because brakedown of two double-bottom of previous two candles (apart from EMA 200)?

Thankyou.
It was taken on a continuation of the trend of the previous candles and a break of the 200.....I was also monitoring the trade at LO because Fridays are a day when fake out candles happen at LO.....today it happened on EU but not EJ until after the move down.
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