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  • #16,521
  • Mar 26, 2013 6:50am Mar 26, 2013 6:50am
http://charts.mql5.com/1/213/gbpusds...ad-trading.png

Does anyone fancy this one? Does it have legs?
  • #16,522
  • Mar 26, 2013 6:52am Mar 26, 2013 6:52am
Quoting emmanuel7788
forget about the use of 60EMA when you trade TMS.

- TDI cross or 12-2 or 4-6
- HA change colour, entry on 1st and 2nd candle.
Thanks. this pic is better. So, entry a little late but TDI is picking up. I moved TP up some.

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  • #16,523
  • Mar 26, 2013 7:05am Mar 26, 2013 7:05am
Quoting hollowhead
I had the same questions - I decided the best thing for me was to use the same as those who I am learning from. I can then see how they are analysing their charts and compare to mine. Although my broker doesn't use Metatrader - so I set up a demo account to use MT4 for analysis with a broker using GMT-0, and then execute through my broker.
Yes, Sir !..
JacekPreserve Precious Capital
  • #16,524
  • Mar 26, 2013 7:58am Mar 26, 2013 7:58am
Quoting emmanuel7788
If you think of intraday, wait for breakout below TOK_5H and re-test to see it deos not return back to the TOK_5H. below
Beware of RN1.8150 below last week low. A break below would be nice continuation.

GBP is the weaker one.
Thanx!!.
  • #16,525
  • Mar 26, 2013 8:58am Mar 26, 2013 8:58am
Quoting hollowhead
Morning/evening

I read you post in another thread about the Tok 5H. Please could you describe how you use it again. Is there an inidcator you use to highlight the period (I suspect you don't do it by hand).

Thanks
The Tokyo session is the least liquid comaared to the Euro and US sessions. Both the EUR and GBP pairs are mostly traded in the Euro and US sessions only.
I use the Tok_first 5 hour narrow traded range as a grid to trade the EURxxx and GBPxxx pairs.

It is easy to manually draw a rectangle on the first 5-hour candles high-low on daily basis in any platform.

In MT4 I use an indicator to draw the TOK_5H in the history for back-testing and analysis.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,526
  • Mar 26, 2013 8:59am Mar 26, 2013 8:59am
Quoting Winner1245
Thanx!!.
Nice isn't it?
2R move easily when it broke below TOK_5H.

Did you catch that?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,527
  • Mar 26, 2013 9:03am Mar 26, 2013 9:03am
Quoting emmanuel7788
EU 26 Mar H1 Trade:

Trading the correction of yesterday dip.
Trade open using TOK_5H.
Small SL, must move fast and protect quickly when LO.
This trade went no where. Hit my small SL -24pips.

Slow day after the 218 pips drop yesterday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,528
  • Edited 10:06am Mar 26, 2013 9:24am | Edited 10:06am
Really promising setup on E/G potential 50 to 100 pips.

(But be careful strong 0.85 resistance from above..)
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Per aspera ad astra!
  • #16,529
  • Mar 26, 2013 9:56am Mar 26, 2013 9:56am
Quoting ProFx.Biz
Really promising setup on E/G potential 50 to 100 pips.
I could be wrong, but I think the price recently broke through and has tiptoed around historical support at 0.8500 - I'm gonna wait to see if that becomes resistance - it's also countertrend so too higher risk for me. I think...
  • #16,530
  • Mar 26, 2013 10:02am Mar 26, 2013 10:02am
Quoting ProFx.Biz
Really promising setup on E/G potential 50 to 100 pips.

I also took this one at the beginning of your first blue candle. Eventually ended up BE after the most recent spike down.

Jumping in was imo too dangerous. I know that divergence, double bottom and nice bars are seducing, but take a look at daily downtrend. Na-ah.

Anyway, best luck with this one. Hope it will give you some profits. If only not this daily downtrend, this would be very, very promising trade.

Cheers,
M.
Remember I'm a newbie!
  • #16,531
  • Mar 26, 2013 10:05am Mar 26, 2013 10:05am
Quoting hollowhead
I could be wrong, but I think the price recently broke through and has tiptoed around historical support at 0.8500 - I'm gonna wait to see if that becomes resistance - it's also countertrend so too higher risk for me. I think...
I tend to agree with you...The price was trying to break through .85 level for a while...I guess this resistance is too strong for now...I've put my SL on BE on this trade.
Attached Image
Per aspera ad astra!
  • #16,532
  • Mar 26, 2013 10:09am Mar 26, 2013 10:09am
http://charts.mql5.com/1/214/eurusd-...al-markets.png


Is that a popgun at the end of EU - or have I got it wrong?

Thanks
  • #16,533
  • Mar 26, 2013 10:54am Mar 26, 2013 10:54am
Quoting emmanuel7788
Nice isn't it?
2R move easily when it broke below TOK_5H.

Did you catch that?
Hi,
Yes, its great . These BO's are infact Gold.
No i didnt take it. i m just watching for now. Another interesting thing is that both GBPCAD and GBPAUD also had the same DIB and same BO.
I have a question regarding Retest to tokyo high/low.

I have uploaded the GAUD chart, is it considered as the valid retest to tokyo low??
If yes then , Is it first arrow or second arrow or both??
The red line is the TOK low.
Similarly in the GNZD which one is the Valid retest??
Thank you.
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  • #16,534
  • Mar 26, 2013 11:31am Mar 26, 2013 11:31am
Quoting emmanuel7788
what is your chart Market Watch time say now? and what is your local time?
my market watch time now is 16:30. Local time is 12:30am (GMT +8)
  • #16,535
  • Mar 26, 2013 1:02pm Mar 26, 2013 1:02pm
CHY/JPY Has finally broke out - love this system
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  • #16,536
  • Mar 26, 2013 2:47pm Mar 26, 2013 2:47pm
Quoting emmanuel7788
Practice exercise on USDCAD:

See attached chart below.
Using that H4 candle as the trigger, how would you have gotten an entry into the market?

Hi everyone,
hi emmanuel

I am new to this thread so please bear with me, I'm trying to get a grip of H4 trading.

PASR is what I call for this trade:

- 4EMA gives us short term directional bias and in this case the pin bounces off nicely but now we need the proper PASR kids to play along with this setup
- Friday low there if we don't zoom out too much (turquoise horizontal line)
- Zoom out a bit more and we will see a historic S/R there too

Enough fat kids on our side of the seesaw so it's a valid one.
Please correct me if I am wrong and please feel free to add anything I missed.

Peace and love
Steph


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  • #16,537
  • Mar 26, 2013 2:54pm Mar 26, 2013 2:54pm
Quoting 99problems
Hi everyone,
hi emmanuel

I am new to this thread so please bear with me, I'm trying to get a grip of H4 trading.

PASR is what I call for this trade:

- 4EMA gives us short term directional bias and in this case the pin bounces off nicely but now we need the proper PASR kids to play along with this setup
- Friday low there if we don't zoom out too much (turquoise horizontal line)
- Zoom out a bit more and we will see a historic S/R there too

Enough fat kids on our side of the seesaw so it's a valid one.
Please correct me if I am wrong and please...
On my chart were on the third candle now on the 4h so not a valid trade!

Regards

Adam
  • #16,538
  • Mar 26, 2013 3:13pm Mar 26, 2013 3:13pm
Quoting adamjhdavis
On my chart were on the third candle now on the 4h so not a valid trade!

Regards

Adam
Hi Adam,
Thanks for your reply!

I should have pointed out the candle I was talking about. The blue triangle shows my entry candle. Did we talk about the same? Let me know your thoughts please.

Peace and love
Steph

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  • #16,539
  • Mar 26, 2013 3:20pm Mar 26, 2013 3:20pm
Quoting 99problems
Hi Adam,
Thanks for your reply!

I should have pointed out the candle I was talking about. The blue triangle shows my entry candle. Did we talk about the same? Let me know your thoughts please.

Peace and love
Steph

Attachment
http://charts.mql5.com/1/216/usdcads...ad-trading.png

This is my current chart, strictly speaking not candle 1 or 2 however most time frames going in the same direction so a good trade as it turns out.
Previous candle are small so not a strong sign. stoch agrees but tdi in the 32 so not ideal.
just goes to show how good this system can be!!!
  • #16,540
  • Mar 26, 2013 3:48pm Mar 26, 2013 3:48pm
Quoting Rippin
Thanks. this pic is better. So, entry a little late but TDI is picking up. I moved TP up some.

Attachment
stopped out. 11 pip loss.
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