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  • #16,761
  • Apr 1, 2013 3:09am Apr 1, 2013 3:09am
Quoting emmanuel7788
sellers are entering into a previously fiercely fought region of Jan 2013 between 119.60 and 117.50. 117.50 was the base for the Jan rally. I am in sell mode...
When would you be looking to enter?
  • #16,762
  • Apr 1, 2013 3:30am Apr 1, 2013 3:30am
Quoting adamjhdavis
When would you be looking to enter?
today on D is too late. to jump in as seller.
EJ is entering into a demand zone....where bears will face tough fight with bulls.
wait for the PA to show pullback

A low TF intraday entry is a likely option.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 14 D view 1-4-2013 4-27-00 PM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,763
  • Apr 1, 2013 3:33am Apr 1, 2013 3:33am
Quoting emmanuel7788
today on D is too late. to jump in as seller. EJ is entering into a demand zone....where bears will face tough fight with bulls. wait for the PA to show pullback A low TF intraday entry is a likely option. {image}
Thanks I thought it was a bit late but just wanted your more experienced and valid opinion Thank you.
  • #16,764
  • Apr 1, 2013 3:34am Apr 1, 2013 3:34am
There are situations when we jump into the market before the APB candle closes.
But when you do this, you must be mindful of the initial SL you need to consider.

Watch this video:

http://www.compassfx.com/video/flash/61509/61509.html
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,765
  • Apr 1, 2013 3:51am Apr 1, 2013 3:51am
Quoting emmanuel7788
There are situations when we jump into the market before the APB candle closes. But when you do this, you must be mindful of the initial SL you need to consider. Watch this video: http://www.compassfx.com/video/flash/61509/61509.html
Watching that video link above, DM last question was: .." would you trade the APB or the Japanese Candlesticks?"

For me, the truth is I will use Price bar or Japanese Candlesticks for my trade setups and entry. But once I am in a trade, i will manage using the APB to ride the trend to the fullest.
There again, when in a trade, the Price Bar and Japanese CS are good for Continuation setups and for add-in positions with APB as PA confirmation ..

So it is use of both APB and real price bar/CS, which will give me my edge in trading.
Attached Image (click to enlarge)
Click to Enlarge Name: APB vs Japanese CS.png Size: 15 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,766
  • Apr 1, 2013 5:06am Apr 1, 2013 5:06am
Quoting emmanuel7788
Hi sio bel, when we trade TMS in H4 and D timframes, we do not use the yellow Market Base Line MBL for trade decision. Back-testing will tell you why. You will miss many pips move when TDI cross up below the MBL or when the TDI cross down above the MBL. Learning to read PA using the APB HAs is very important and use this with the TDI. Trade Well.
thank you for your advice and guidance on this subject matter. thank you
  • #16,767
  • Apr 1, 2013 6:31am Apr 1, 2013 6:31am
Dear Emmanuel,
Finally get through papers about NR4IB pattern… As always language is an issue for, let me ask you if I understood properly rules to identify NR4IB.
we are looking for last four candles and checking if last one is a candle with smallest range, being smallest range candle become also a IB pattern. Previous candles should be larger in range but not necessarily in order biggest one, smaller one smaller again and finally nr4 smallest of all.
Did I get it right, please??
JacekPreserve Precious Capital
  • #16,768
  • Apr 1, 2013 6:43am Apr 1, 2013 6:43am
Quoting Jackub
Dear Emmanuel, Finally get through papers about NR4IB pattern… As always language is an issue for, let me ask you if I understood properly rules to identify NR4IB. we are looking for last four candles and checking if last one is a candle with smallest range, being smallest range candle become also a IB pattern. Previous candles should be larger in range but not necessarily in order biggest one, smaller one smaller again and finally nr4 smallest of all. Did I get it right, please??
in a nutshell, you got it correct.

The IB candle mus the the smallest when compared to the last 3 candles before it.
The last 3 candles no need to be in any order of size, so long as each of the 3 candles must be larger than that IB candle.

see chart with examples..
Attached Image (click to enlarge)
Click to Enlarge Name: nr4-IB examples.png Size: 85 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,769
  • Apr 1, 2013 6:47am Apr 1, 2013 6:47am
Quoting emmanuel7788
in a nutshell, you got it correct. The IB candle mus the the smallest when compared to the last 3 candles before it. The last 3 candles no need to be in any order of size, so long as each of the 3 candles must be larger than that IB candle.
Thanks a lot !...
JacekPreserve Precious Capital
  • #16,770
  • Apr 1, 2013 1:43pm Apr 1, 2013 1:43pm
Any advice appreciated

Attached Image (click to enlarge)
Click to Enlarge Name: apr 1 london open eur.jpy.h1.png Size: 62 KB


Bad trade. TDI did nothing to cross. Entered based on Breakout
Attached Image(s) (click to enlarge)
Click to Enlarge Name: apr 1 london open eur.usd.h1.png Size: 61 KB
Click to Enlarge Name: apr 1 london open gbp.jpy.h1.png Size: 60 KB
Click to Enlarge Name: apr 1 london open gbp.usd.h1.png Size: 57 KB
Click to Enlarge Name: apr 1 london open usd.chf.h1.png Size: 57 KB
  • #16,771
  • Apr 1, 2013 1:44pm Apr 1, 2013 1:44pm
London P/L:110
New York P/L: NA
Daily total:110

London P/L:805
New York P/L:-60

Aggregate Trades: 77
Aggregate P/L: 745
  • #16,772
  • Apr 1, 2013 2:12pm Apr 1, 2013 2:12pm
emmanuel7788, if you'd be that kind and share your view on past two trades from last Thursday. I had taken netiher of them for my own reasons, but I am very curious why they did not work.

EURGBP H4 was a TDI bounce trade (I really cannot find any reasons not to go short):

Attached Image


NZDUZD H4 classic TDI cross:

Attached Image

Thankyou!
M.
Remember I'm a newbie!
  • #16,773
  • Apr 1, 2013 3:52pm Apr 1, 2013 3:52pm
Quoting eelfranz
Stimuls... (674) Trend... long term and short term... I take a chart and make the candles as small as they will go to find the direction of the long term trend... Then I enlarge them to my normal trading size for the current short term trend... If they are the same I feel I have better odds on my side... if they are opposite I may trade less lots per trade... I will pay more attention to the last swing (candle size & length)... That kind of stuff...
Could someone give me a helping hand here please, see E spoke alot about the size of candles at the last swing. So on H4 if the last swing had large candles would that show more sellers and hence more momentum with the swing?

I've never heard of this so would be a great addition to the toolbox! Thanks
@pawpaw1000 on Twitter
  • #16,774
  • Apr 1, 2013 3:53pm Apr 1, 2013 3:53pm
Quoting mierzyk
emmanuel7788, if you'd be that kind and share your view on past two trades from last Thursday. I had taken netiher of them for my own reasons, but I am very curious why they did not work. EURGBP H4 was a TDI bounce trade (I really cannot find any reasons not to go short): {image} NZDUZD H4 classic TDI cross: {image} Thankyou! M.
Don't know if you noticed but NZDUSD is in consolidation on H4 and thus you would need quite a bit of momentum and a large candle to be a valid entry... Remember the basics of Forex...
@pawpaw1000 on Twitter
  • #16,775
  • Edited 6:02pm Apr 1, 2013 5:39pm | Edited 6:02pm
Quoting mierzyk
emmanuel7788, if you'd be that kind and share your view on past two trades from last Thursday. I had taken netiher of them for my own reasons, but I am very curious why they did not work. EURGBP H4 was a TDI bounce trade (I really cannot find any reasons not to go short): {image} NZDUZD H4 classic TDI cross: {image} Thankyou! M.

Hi mierzyk

EURGBP:

W - look at the W chart, there are several resistance levels in Jan and Feb 2012, these are now being tested as support. It will slow things down a litlle. (Primary Trend)

D - the flow is down (Intermediate Trend)

H4 - same as D flow is down, but had been narrowing, why? answer is W above.
the H4 range is very small between 17 and 24 pips , while the D swing is about 55pips only.

I love this pair because the pip value is USD15 per pip.


NZDUSD:

W:Market type is wide-range sideway. W show a rising channel for 30 weeks. SD shows PA is in the mid-channel. Weekly swing range 150 to 210 pips. Notice the 2102 highs - in Feb and Dec months?
weekly swing range 150 to 210 pips.

D: flow is up but but is in a resistance zone or some call supply zone. Also indicated by PA near W mid-channel. Hence the APB candles are showing small bodies, and long upper wicks and getting closer to the 5EMA. CS also showed at least one IB.

H4: Obvious with D showing one IB, it is consolidation.... so we must wait for the next move / breakout.

Kiwi is poise for a next bigger move... also EURNZD, AUDNZD,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,776
  • Apr 1, 2013 5:58pm Apr 1, 2013 5:58pm
Having a Big Picture plan and view is very important....
here is ERUGBP ...
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP week 14 W Big Picture .png Size: 267 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,777
  • Edited 6:29pm Apr 1, 2013 6:09pm | Edited 6:29pm
AU week 14... 2 April:

In about 4 hours time, RBA will announce its rate or many believe it will confirm its prevailing rate @3%.
Yesterday AU was bullish ahead of this.
Wanna make a technical guess?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,778
  • Apr 1, 2013 6:50pm Apr 1, 2013 6:50pm
NZDUSD week 14:

Last week 13 was narrow range of about 61pips .
Wait for a breakout of this range. Let PA show you the direction.
Can you take a trade on H4 with an initial SL of 60+ pips?

A few members PM me and told me H4 does not work.
When I ask them why, they often tell me they use small SL of 20 and 30 pips... because they cannot trade with SL of 80 to 100pips.

But when we trade H4, we must also know which currency pair we are talking about and why 80 to 100 pips of initial SL or the last PA swing high/low.

If you try trading GBPJPY with 30pips SL, you will be hit 99.999% of the time. With EURGBP, you will make it 55% of the time.

Know market volatility of every pair you want to trade. Understand that and learn how to apply recent volatility when you determin your initial SL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,779
  • Edited 7:29pm Apr 1, 2013 7:18pm | Edited 7:29pm
Quoting emmanuel7788
{image} ("http://www.forexfactory.com/attachment.php?attachmentid=1160246&d=1364340460") Hi, just to follow up on this AUDNZD, it traded nicely below 1.2535. and now there looks like an end to this. But is there a potential technical reversal....? we shall track this one over the next few 4-hour periods and see what the market will tell us. ..next week 14. Patience .... {image}
http://www.forexfactory.com/attachme...1&d=1364520571

You may recall this post made last week.
We are now in week 14. ..something is bound to happen after so many 4-hours of sideway movement.
... wait for it to POP!

PATIENCE

Edit: add chart
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD week 14 H4 POP 2-4-2013 8-27-13 AM.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,780
  • Apr 1, 2013 7:44pm Apr 1, 2013 7:44pm
Quoting emmanuel7788
AU week 14... 2 April: In about 4 hours time, RBA will announce its rate or many believe it will confirm its prevailing rate @3%. Yesterday AU was bullish ahead of this. Wanna make a technical guess?
AU 2 April TOK open update:
Looking at AU right now, market seems optimistic that 3% will be maintain by RBA...

I am cautious as bears are often feeding at the ???? you know where.

better tighten stops as it approaches near the 2+ hour... or manage using the APB PA strength.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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