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  • #10,761
  • Mar 18, 2013 2:17am Mar 18, 2013 2:17am
any advice appreciated
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mar 18 london open gbp.jpy h1.png Size: 68 KB
Click to Enlarge Name: mar 18 london open eur.usd h1.png Size: 76 KB
Click to Enlarge Name: mar 18 london open usd.chf h1.png Size: 73 KB
  • #10,762
  • Mar 18, 2013 2:19am Mar 18, 2013 2:19am
Quoting tenmilewalk
Wait for resist and support to be broken. Wait for PA and TDI to confirm

any advic appreciated
would you trade against the H4 TDI?

cable has not woken up to the reality of the EZ....there is fear...lots of it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,763
  • Mar 18, 2013 3:16am Mar 18, 2013 3:16am
Very bad. Entered ten minutes late. Missed breakout

Usd.CHf:short
GPP.JPY: long
EUR.USD: long
  • #10,764
  • Mar 18, 2013 3:17am Mar 18, 2013 3:17am
hello emmanuel,should I be looking at the H4 TDI?

Quoting emmanuel7788
would you trade against the H4 TDI?

cable has not woken up to the reality of the EZ....there is fear...lots of it.
  • #10,765
  • Mar 18, 2013 3:40am Mar 18, 2013 3:40am
Hi Friends,
Good Day!!!
I wanted to learn and apply X-Man's Super Simple System with my daily trading.

I have downloaded the zip file and apply the given template with my chart.
Please see the chart. What does it say? Should I sell EUR @ 1.2994 and TP is 1.2886 and SL 1.3102?

Please help me to understand the chart.

Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 99 KB
KISS - Keep It Simple Smart !!!!
  • #10,766
  • Mar 18, 2013 3:45am Mar 18, 2013 3:45am
Exited trades early entry too late. Should have hit tp by now
  • #10,767
  • Edited 4:34am Mar 18, 2013 4:15am | Edited 4:34am
Today guys what happened?

Priced gapped hugely at the weekend, the close and open price was like 100 pips bearish, EUR/USD - EUR/JPY , I on my side thought that 100 pips or so in a move like downtrend would not be easy to reverse and fly up again, saw the cross of TDI after 1 hour at London open, wanted strongly to enter long on EUR/JPY since this pair moves lots of pips, 4H hidden divergence to my knowledge, but that gap that I dont understand hold me off

So can you share your insights on the matter?

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #10,768
  • Mar 18, 2013 4:31am Mar 18, 2013 4:31am
Quoting TheScorpS
Today guys what happened?

Priced gapped hugely at the weekend, the close and open price was like 100 pips bearish, EUR/USD - EUR/JPY , I on my side thought that 100 pips or so in a move like downtrend would not be easy to reverse and fly up again, saw the cross of TDI after 1 hour at London open, wanted strongly to enter long on EUR/JPY since this pai moves lots of pips, 4H hidden divergence to my knowledge, but that gap that I dont understand hold me off

So can you share your singhts on the matter?

Thanks
Maybe this news... EUR/USD hammered by Cyprus bailout; a look at upcoming support factors
Link http://www.forexfactory.com/news.php?do=news&id=415920
Banker please return my pipins.
  • #10,769
  • Mar 18, 2013 4:49am Mar 18, 2013 4:49am
Quoting tenmilewalk
hello emmanuel,should I be looking at the H4 TDI?

when I trade S3 H1 and the H1 TDI is flat or when there looks like one of those TDI bounce 12-2 and 4-6 type of condition before H1 cross, I will look at H4 to see if that is in the same direction of the H4. Else I risk running into a H1 narrow range consolidation, and may even be caught in a fakey before a breakout.

Trade safe especially after the huge weekend gap in other USD related pairs. It is not a normal market type. So we take extra caution.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,770
  • Edited 5:15am Mar 18, 2013 4:52am | Edited 5:15am
Quoting TheScorpS
Today guys what happened?

Priced gapped hugely at the weekend, the close and open price was like 100 pips bearish, EUR/USD - EUR/JPY , I on my side thought that 100 pips or so in a move like downtrend would not be easy to reverse and fly up again, saw the cross of TDI after 1 hour at London open, wanted strongly to enter long on EUR/JPY since this pair moves lots of pips, 4H hidden divergence to my knowledge, but that gap that I dont understand hold me off

So can you share your insights on the matter?

Thanks
This is what happen to the Euro...
so if you think of trading 'filling the gap' you may be caught in this what is call a dead cat bounce.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,771
  • Mar 18, 2013 5:10am Mar 18, 2013 5:10am
Fortune favours the brave! (or is it stupid)!

Ok so thought twice about it after the huge move but hey it met all my entry requirements.

EUR/JPY Yellow star formed and price retraced and TDI crossed with good angle and change of candle colour.

Moved stop to breakeven after second blue candle.

Exited when price retraced back from 24 ema (red moving average). Exited possibly a little early (no TDI hook) but happy with 100 pips for first trade of the week.
Attached Image
We're all just one trade away from humility.
  • #10,772
  • Mar 18, 2013 5:18am Mar 18, 2013 5:18am
Quoting Drewas
Fortune favours the brave! (or is it stupid)!

Ok so thought twice about it after the huge move but hey it met all my entry requirements.

EUR/JPY Yellow star formed and price retraced and TDI crossed with good angle and change of candle colour.

Moved stop to breakeven after second blue candle.

Exited when price retraced back from 24 ema (red moving average). Exited possibly a little early (no TDI hook) but happy with 100 pips for first trade of the week.
You may be in for a breakout ....UP............ hang on to your trade when you can protect your good entry.

Manage Well !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,773
  • Mar 18, 2013 5:25am Mar 18, 2013 5:25am
Lot of momentum start at begin of LO session. Trading was enter too late, not good trade but still ok.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3-18-2013 4-57-17 PM.jpg Size: 187 KB
Click to Enlarge Name: 3-18-2013 4-47-05 PM.jpg Size: 183 KB
  • #10,774
  • Mar 18, 2013 5:57am Mar 18, 2013 5:57am
Quoting emmanuel7788
This is what happen to the Euro...
so if you think of trading 'filling the gap' you may be caught in this what is call a dead cat bounce.
oh great illustration, now let's see where the cat might just go, someone somewhere below might just bump it even up for a HELP ME
I Have Learned to Take Some Losses to Make Profits
  • #10,775
  • Mar 18, 2013 5:57am Mar 18, 2013 5:57am
Published before LO every day.
Attached File(s)
File Type: pdf DanskeDaily.pdf   247 KB | 382 downloads
File Type: pdf DanskeTechnicalUpdate.pdf   63 KB | 359 downloads
Cut your Losers short and let your Winners run.
  • #10,776
  • Mar 18, 2013 6:20am Mar 18, 2013 6:20am
Quoting TheScorpS
oh great illustration, now let's see where the cat might just go, someone somewhere below might just bump it even up for a HELP ME
a cat has nine lives.
there are many ways to skin a cat.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,777
  • Mar 18, 2013 7:23am Mar 18, 2013 7:23am
Quoting dee50
Published before LO every day.
Hi Dee

Thanks for posting as always your PDF files are learning experience on their own, I would like to ask you about a book that you mentioned you have read, I want to read about Fibonacci, and was flipping around Amazon searching for a book on Fibo, saw these 2 which has good ratings

1- Fibonacci Trading: How to Master the Time and Price Advantage by Carolyn Boroden ( I think you have this book )

or

2- Fibonacci Analysis (Bloomberg Financial) by Constance Brown

I saw how you use Fibo confluence which caught my eyes since they are very powerful if used in the right way

You see Dee , I have learnt a lot from you, a little I can say , but you have taught me how to view the price in 123, Divergence , Hidden Divergence and now I'm into Fibo and confluence only influenced by your charts and explanation, amazing!

Thank you Sir
I Have Learned to Take Some Losses to Make Profits
  • #10,778
  • Mar 18, 2013 11:22am Mar 18, 2013 11:22am
Quoting TheScorpS
Hi Dee

Thanks for posting as always your PDF files are learning experience on their own, I would like to ask you about a book that you mentioned you have read, I want to read about Fibonacci, and was flipping around Amazon searching for a book on Fibo, saw these 2 which has good ratings

1- Fibonacci Trading: How to Master the Time and Price Advantage by Carolyn Boroden ( I think you have this book )

or

2- Fibonacci Analysis (Bloomberg Financial) by Constance Brown

I saw how you use Fibo confluence which caught my eyes since they are very...
I recommend reading Num 1, I have chopped it up and attached a few chapters so you can get a taste for it. I had a look at Num 2, I thought it was ok! but very hard going, very technical.

When you have looked at the attached, if you like it do the author a big favour and buy it, i did.
Attached File(s)
File Type: pdf Fibonacci Trading - How to Master the Time and Price Advantage by Carolyn Boroden_001.pdf   4.7 MB | 5,842 downloads
File Type: pdf Fibonacci Trading - How to Master the Time and Price Advantage by Carolyn Boroden_113.pdf   2.7 MB | 3,392 downloads
Cut your Losers short and let your Winners run.
  • #10,779
  • Mar 18, 2013 2:09pm Mar 18, 2013 2:09pm
Quoting emmanuel7788
please post that particular chart which you see has the yellow and purple lines.

I don't think Phx62 uses any specific S&R indicator.
Hi Emmanuel7788,
Here is the chart has yellow and purple line http://www.forexfactory.com/attachme...7&d=1360335720
Thank you
  • #10,780
  • Mar 18, 2013 5:08pm Mar 18, 2013 5:08pm
Took a second trade on EUR/JPY today.

A bounce trade at US open. Risky because it was against the trend towards the 200 ema and so was extra cautious.

Fortunately it went my way and exited at the yellow dot (200 ema) for 84 pips.

Wow never thought id be able to make over 180 pips in a day.

Just goes to show whats possible with this system and some hard work.
Attached Image
We're all just one trade away from humility.
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