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  • #16,341
  • Mar 22, 2013 6:27am Mar 22, 2013 6:27am
Hi,

Here is my EJ H1 trade:
A bullish engulfing candle close entry when LO.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 22 Mar H1 trade LO 22-3-2013 7-23-14 PM.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,342
  • Mar 22, 2013 6:44am Mar 22, 2013 6:44am
EU 22 Mar H1 trade update before NYO in 15 mins.
Move final TP higher in view of H4 DIB breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 22 Mar H1 trade update 22-3-2013 7-40-03 PM.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,343
  • Mar 22, 2013 6:55am Mar 22, 2013 6:55am
Anyone here ever had a problem with their MT4 not activating orders? I placed a bounce trade (short) on the USDJPY last night and set my TP at 94.200, woke up just a few minutes ago and noticed price got down to 94.187 but my platform didn't close it out. Price eventually went back up, turning my trade into a big loser. It's only a demo account but I'm worried this will happen when I go live.
  • #16,344
  • Mar 22, 2013 7:04am Mar 22, 2013 7:04am
EU 22 Mar H4 NYO TDI cross setup:

Do you want to chase a long H4 candle?

look at EURAUD and EUR GBP...
Attached Image (click to enlarge)
Click to Enlarge Name: EU 22 Mat H4 NYO setup 22-3-2013 8-00-05 PM.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,345
  • Mar 22, 2013 7:26am Mar 22, 2013 7:26am
GU potential for next week.
UK GDP data release on Wed 27 Mar, this will set the direction.
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 12 potential for next week 22-3-2013 8-22-14 PM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,346
  • Mar 22, 2013 7:30am Mar 22, 2013 7:30am
Quoting pay tribute
Anyone here ever had a problem with their MT4 not activating orders? I placed a bounce trade (short) on the USDJPY last night and set my TP at 94.200, woke up just a few minutes ago and noticed price got down to 94.187 but my platform didn't close it out. Price eventually went back up, turning my trade into a big loser. It's only a demo account but I'm worried this will happen when I go live.
that has nothing to do with MT4 as a platform.
it is your broker....
do you know what is slippage?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,347
  • Mar 22, 2013 7:49am Mar 22, 2013 7:49am
examples of H4 DIB setup with TDI 12-2 and 4-6 ...
Attached Image (click to enlarge)
Click to Enlarge Name: ECad H4 setup examples 22-3-2013 8-44-49 PM.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,348
  • Mar 22, 2013 8:16am Mar 22, 2013 8:16am
Guys take a look at
N/U - Short
U/J - Long

http://img834.imageshack.us/img834/5492/007na.png


http://imageshack.us/a/img856/1430/008vv.png
Per aspera ad astra!
  • #16,349
  • Mar 22, 2013 8:20am Mar 22, 2013 8:20am
Quoting emmanuel7788
Hi,

Here is my EJ H1 trade:
A bullish engulfing candle close entry when LO.
I took that trade today.
Closed one position for 75 pips . rest breakeven manually canging my stop now.
  • #16,350
  • Mar 22, 2013 8:27am Mar 22, 2013 8:27am
Quoting emmanuel7788
examples of H4 DIB setup with TDI 12-2 and 4-6 ...
Hi,
I see a recent DIB on G/J . OR a triple inside bar??
If you had taken it , how'd you enter??
Would you go to H1 chart??
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 19 KB
  • #16,351
  • Mar 22, 2013 8:31am Mar 22, 2013 8:31am
Quoting ProFx.Biz
Guys take a look at
N/U - Short
U/J - Long

http://img834.imageshack.us/img834/5492/007na.png


http://imageshack.us/a/img856/1430/008vv.png
both H4 entries look good.
manage well and watch out when London close in 3 hours...
weekend ahead so you need to decide if you will hold these trades open over the weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,352
  • Mar 22, 2013 8:35am Mar 22, 2013 8:35am
One more question.
I see different candles on my chart for E/C
The DIB is visible but after the TDI cross most fot the movement is over after that big bearish candle(line)??
Attached Image (click to enlarge)
Click to Enlarge Name: ec.gif Size: 21 KB
  • #16,353
  • Mar 22, 2013 8:41am Mar 22, 2013 8:41am
Quoting emmanuel7788
both H4 entries look good.
manage well and watch out when London close in 3 hours...
weekend ahead so you need to decide if you will hold these trades open over the weekend.
Thanks...When these trades will go +15 to 20 pips I'll probably put BE+2 on both trades and wait next week.
Per aspera ad astra!
  • #16,354
  • Mar 22, 2013 8:42am Mar 22, 2013 8:42am
Quoting Winner1245
Hi,
I see a recent DIB on G/J . OR a triple inside bar??
If you had taken it , how'd you enter??
Would you go to H1 chart??
inside bar (IB) are just market consolidation. the smaller the IB in relation to the previous bar 'mother bar' the better for a breakout.
the more IBs like double IB, triple IBs are better consolidation setups for breakouts.
we look for when volatility returns and price action showing momentum.

"PA is king"...remember this. The use of both TDI and Stoch as trading aid to support and confirm our reading using PA.

Important when trading such breakouts is to have a Plan A and a Plan B in situations when the first breakout turns out a fakey.
Also breakout candle is usually very fast and furious, se we need to get an entry in lower TF like H1 is good in anticipation of the potental breakout.

Breakouts are usually event driven like news/data release. Try GDBPUSD next week and practice how th trade the GDP data release on Wed 27 Mar.

Hope this explains.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,355
  • Mar 22, 2013 8:45am Mar 22, 2013 8:45am
Quoting Winner1245
One more question.
I see different candles on my chart for E/C
The DIB is visible but after the TDI cross most fot the movement is over after that big bearish candle(line)??
http://www.forexfactory.com/attachme...1&d=1363959452

look to your left ... there is support and resistance to add to the reasons for higher probability of any setups.

also do not forget to look higher TF for reconciliation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,356
  • Mar 22, 2013 8:48am Mar 22, 2013 8:48am
Quoting emmanuel7788
inside bar (IB) are just market consolidation. the smaller the IB in relation to the previous bar 'mother bar' the better for a breakout.
the more IBs like double IB, triple IBs are better consolidation setups for breakouts.
we look for when volatility returns and price action showing momentum.

"PA is king"...remember this. The use of both TDI and Stoch as trading aid to support and confirm our reading using PA.

Important when trading such breakouts is to have a Plan A and a Plan B in situations when the first breakout turns out a fakey....
Thank you very much. I just looked into H1 chart for all the three setups . G/J and 2 E/C
almost all these trades broke out just before LO .
After watching E/C second trade(today 1H) , i understand what you meant by fakey.
There is a support just below the DIB bars , so one should avoid taking it i guess
  • #16,357
  • Mar 22, 2013 9:19am Mar 22, 2013 9:19am
EU 22 Mar H1 trade close:
Attached Image (click to enlarge)
Click to Enlarge Name: EU 22 Mar H1 trade closed 22-3-2013 10-15-17 PM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,358
  • Edited 9:30am Mar 22, 2013 9:28am | Edited 9:30am
Quoting Winner1245
Thank you very much. I just looked into H1 chart for all the three setups . G/J and 2 E/C
almost all these trades broke out just before LO .
After watching E/C second trade(today 1H) , i understand what you meant by fakey.
There is a support just below the DIB bars , so one should avoid taking it i guess
It is important to use multi-timeframe analysis and reconciliation in all trade decisions.

You can fine tune entries in lower TF like M15.
when in M15 chart TF, you look for
- PA with TrendLine Break (TLB)
- Flag and Pennant chart patterns
- PA and TDI divergence.

These three are very good fine tuning entry methods. It will get you into the market and with smaller initial SL hence your position size will be better.
Remember it is a money management game we play with the market. But first we need to get into the market at a good price.

Learn these and practice, practice, practice.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,359
  • Mar 22, 2013 9:39am Mar 22, 2013 9:39am
Quoting emmanuel7788
It is important to use multi-timeframe analysis and reconciliation in all trade decisions.

You can fine tune entries in lower TF like M15.
when in M15 chart TF, you look for
- PA with TrendLine Break (TLB)
- Flag and Pennant chart patterns
- PA and TDI divergence.

These three are very good fine tuning entry methods. It will get you into the market and with smaller initial SL hence your position size will be better.
Remember it is a money management game we play with the market. But first we need to get into the market at a good price.

Learn...
Great. I just eyeballed for some setups. Just like you said, smaller the inside bar the better is the breakout.
I will defintiely add this strategy in my trading plan . I will practice a lot thank you.
here is a recent DIB on GBPNZD. I understand what a fakey means. I will look into M15 first rather than 1H.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gn.gif Size: 20 KB
Click to Enlarge Name: gn 1h.gif Size: 21 KB
  • #16,360
  • Mar 22, 2013 9:40am Mar 22, 2013 9:40am
Would you recommend this entry?

Regards

Adam

http://charts.mql5.com/1/194/gbpjpys...ad-trading.png
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