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  • #17,321
  • Apr 10, 2013 5:36am Apr 10, 2013 5:36am
Quoting emmanuel7788
{image} well, I had to wait for the trade setup to develop and to get a better entry price. managed to get an entry at Fib-r 50% of the Asian session high-low. with a smaller SL of about 50pips (R), should be able to BE trade soon when price move +1R. expect to see price bounce near 1.2470, breaking below and if PA continues downward wouild be nice for this week. News tomorrow with China and positive Aussie data release on Wed may help bring this down...
http://www.forexfactory.com/attachme...1&d=1365419873

This trade very slow moving but still in right direction:
Here is an update:
2% in the bag, now manage to see if it will bring me 4% TP3 and TP4 this week.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 15 10 Apr trade update 10-4-2013 8-30-01 PM.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,322
  • Apr 10, 2013 5:36am Apr 10, 2013 5:36am
Quoting emmanuel7788
{image} Exactky what I wanted to see H4 close... when NYO. {image}
Hi emmanuel7788,
noob question, how do "know' that GPBUSD is good ? This is not the 2nd candle...
  • #17,323
  • Apr 10, 2013 5:42am Apr 10, 2013 5:42am
Quoting raster
Hi emmanuel7788, noob question, how do "know' that GPBUSD is good ? This is not the 2nd candle...

I use PA using the real price bar or candle for entry.
That was a H4 3-bar bearish pattern using candlestick pattern. This way, I am ahead of APB/HA.

TMS type of entry is when you can confirm using APB/HA candle no. 2 and TDi cross to confirm.

Is this clear enough for understanding?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,324
  • Apr 10, 2013 5:53am Apr 10, 2013 5:53am
Quoting emmanuel7788
I use PA using the real price bar or candle for entry. That was a H4 3-bar bearish pattern using candlestick pattern. This way, I am ahead of APB/HA. TMS type of entry is when you can confirm using APB/HA candle no. 2 and TDi cross to confirm. Is this clear enough for understanding?
No knowledge about price action, and a little bit for candlestick pattern, but i understand what you mean.
Thanks for reply
  • #17,325
  • Apr 10, 2013 5:57am Apr 10, 2013 5:57am
what do u think about shorting EUR/GBP? It seems to bounce from 38.2 Fibo
Attached Image (click to enlarge)
Click to Enlarge Name: EG.png Size: 53 KB
  • #17,326
  • Apr 10, 2013 6:05am Apr 10, 2013 6:05am
EU nice to go..NYO+1 .. H1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,327
  • Apr 10, 2013 6:29am Apr 10, 2013 6:29am
Quoting vody105
what do u think about shorting EUR/GBP? It seems to bounce from 38.2 Fibo {image}
is there good news out of the UK and bad news out of Euro union?
if not, I will stay out sicne it is FOMC today, EU and GU will move correlated.

W is undergoing structure change
D is UP...
H4 is testing resistance and looking strong so it may breakout ... UPwards..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,328
  • Apr 10, 2013 7:24am Apr 10, 2013 7:24am
Quoting emmanuel7788
very good that you spotted that Divergence... this now add more weight to my trade plan now. this is what I will be looking for...Plan A. see chart below: Plan B is when this belief is not true anymore. {image}
http://www.forexfactory.com/attachme...1&d=1365593296

this TLB is working nicely but it is H1 entry.

H4 still not close yet.... need another 2 H1 candles to close.
if H4 close red colour APB/HA...
when and where will you enter based on H4 setup?

WARNING:FOMC in about 4 hours time..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,329
  • Apr 10, 2013 7:35am Apr 10, 2013 7:35am
[this TLB is working nicely but it is H1 entry. H4 still not close yet.... need another 2 H1 candles to close. if H4 close red colour APB/HA... when and where will you enter based on H4 setup? WARNING:FOMC in about 4 hours time..[/quote]

Emmanuel FOMC released early because of leak..see the link..

http://www.forexlive.com/blog/2013/0...-leaked-early/

http://www.forexlive.com/blog/2013/0...f-fed-minutes/
  • #17,330
  • Apr 10, 2013 7:48am Apr 10, 2013 7:48am
Quoting aforizma
[this TLB is working nicely but it is H1 entry. H4 still not close yet.... need another 2 H1 candles to close. if H4 close red colour APB/HA... when and where will you enter based on H4 setup? WARNING:FOMC in about 4 hours time..
Emmanuel FOMC released early because of leak..see the link.. http://www.forexlive.com/blog/2013/0...-leaked-early/ http://www.forexlive.com/blog/2013/0...f-fed-minutes/[/quote]

thanks for the leak...LOL
for such mistakes, I can forgive the one who leaked it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,331
  • Apr 10, 2013 8:30am Apr 10, 2013 8:30am
Hi

friends what's your opinion about going long for GU now?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 117 KB
  • #17,332
  • Apr 10, 2013 9:07am Apr 10, 2013 9:07am
Quoting virgoir
Hi friends what's your opinion about going long for GU now? {image}
that setup failed

what's my mistake?
  • #17,333
  • Apr 10, 2013 9:45am Apr 10, 2013 9:45am
Quoting emmanuel7788
{image} this TLB is working nicely but it is H1 entry. H4 still not close yet.... need another 2 H1 candles to close. if H4 close red colour APB/HA... when and where will you enter based on H4 setup? WARNING:FOMC in about 4 hours time..
Hi Emmanuel,

I take this trade already, closed after LO close.

Can you share your opinion when we enter base on H4? for me we will wait at highlight?
Attached Image (click to enlarge)
Click to Enlarge Name: 4-10-2013 11-31-43 PM.jpg Size: 187 KB
  • #17,334
  • Apr 10, 2013 9:47am Apr 10, 2013 9:47am
Quoting virgoir
Hi friends what's your opinion about going long for GU now? {image}
GU is ranging last 24 hours, you can see formed doble top and drop of the price. Then Price is going up but if you take look on H4 and D1 you will see strong resistance on yesterday high, this level stoped price several times already so without big momentum, strong big candles will be difficult to get through.
VLB on TDI is narrowing showing weakening momentum. I will wait with up entry as soon as we have strong clear signal with candlels presenting big momentum, like H4 canlde closing above this resistance .. my newbie opinion
JacekPreserve Precious Capital
  • #17,335
  • Apr 10, 2013 9:47am Apr 10, 2013 9:47am
Quoting virgoir
Hi friends what's your opinion about going long for GU now? {image}
I'll not trade on H1 if out of LO session.
  • #17,336
  • Apr 10, 2013 12:08pm Apr 10, 2013 12:08pm
Hey guys, any advice appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: apr 10 london open gbp.jpy.h1.png Size: 55 KB

Sudden spike SL
Attached Image (click to enlarge)
Click to Enlarge Name: apr 10 lon open eur.usd.h1.png Size: 55 KB

Several warning signs: Two major pullbacks candles, succession of Dojis and a trendline break.(did not wake up for that)
Attached Image (click to enlarge)
Click to Enlarge Name: apr 10 lon open eur.jpy.h1.png Size: 55 KB

Same as GBP.JPY. Less of a spike
Attached Image (click to enlarge)
Click to Enlarge Name: apr 10 lo usd.chf.h1.png Size: 56 KB

Like the eur.usd. Double bottom, Pullbacks and succession of dojis

London P/L:-70
New York P/L: NA
Daily total:-70

London P/L:610
New York P/L:-60

Aggregate Trades: 87
Aggregate P/L: 550
  • #17,337
  • Apr 10, 2013 1:02pm Apr 10, 2013 1:02pm
Quoting tenmilewalk
Hey guys, any advice appreciated {image} Sudden spike SL {image} Several warning signs: Two major pullbacks candles, succession of Dojis and a trendline break.(did not wake up for that) {image} Same as GBP.JPY. Less of a spike {image} Like the eur.usd. Double bottom, Pullbacks and succession of dojis London P/L: -70 New York P/L: NA Daily total: -70 London P/L: 610 New York P/L: -60 Aggregate Trades: 87 Aggregate P/L: 550

Mate,
GBP/JPY, you can do nothing about, just dont know, this spike was on all /JPY pairs
EUR/USD, again when I look on D1 can see 38,2% retrace of the last swing down, grouping with with last week 127% fib ext and RN 1.3100, it is even yesterday high
also chart pattern called double top was forming, more we noticed bearish divergence on H1 and H4, price returned, bounced from there.

USD/CHF, if you switch chart to D1 and zoom out you will see, you placed sell order on very strong historical support /resistance. This is why price was trying to get through forming double bottom and finally went up…..
hope this help you...
JacekPreserve Precious Capital
  • #17,338
  • Apr 10, 2013 1:08pm Apr 10, 2013 1:08pm
Thank you jackub. Yes I agree. The spike cannot be helped. It is important to know that the loss happened because of the markets and not discretionary mistakes.

As for the eur.usd and the us.chf, I will need to learn about major supports and resistances. So far, I only know how to draw trendlines on H1. It will take a while before I start looking at bigger time frames with ease, even though they are imperative for success.

Thank you very much.
  • #17,339
  • Apr 10, 2013 1:12pm Apr 10, 2013 1:12pm
Like this?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: apr 10 fib projections eur.usd.h1.png Size: 54 KB
Click to Enlarge Name: apr 10 trendline.fib projections usd.chf.png Size: 59 KB
  • #17,340
  • Apr 10, 2013 1:16pm Apr 10, 2013 1:16pm
Quoting tenmilewalk
Thank you jackub. Yes I agree. The spike cannot be helped. It is important to know that the loss happened because of the markets and not discretionary mistakes. As for the eur.usd and the us.chf, I will need to learn about major supports and resistances. So far, I only know how to draw trendlines on H1. It will take a while before I start looking at bigger time frames with ease, even though they are imperative for success. Thank you very much.
Yes, taking trade with same main trend on H4 and D1 when trading H1 multipy our chances. On H1 quite often signals comming from TDI are singals to trade against trend on higher timeframes, this is quite risky, some additional condition has to be taken uder consideration planing this kind of trade, otherwise we can easy fail...
Good Luck
JacekPreserve Precious Capital
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