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  • #2,141
  • Apr 15, 2013 1:21am Apr 15, 2013 1:21am
10 Minutes ago TMA1 was beyond the cloud, but it did not work.
Now, because repainting is not seen, but it happened ..
Patience.
  • #2,142
  • Apr 15, 2013 1:21am Apr 15, 2013 1:21am
Morning All
7.15am here in UK up and ready to start new week, already seems like a few good trades have been taken by you lot.
Geoff
  • #2,143
  • Apr 15, 2013 1:26am Apr 15, 2013 1:26am
Quoting Matrix8756
10 Minutes ago TMA1 was beyond the cloud, but it did not work. Now, because repainting is not seen, but it happened .. Patience.
I took that trade and lost. After reviewing what I did wrong the TMA-5 was not supporting the downward direction and there was news happening at that time. I should have stayed out of the market. Lived and learned.
  • #2,144
  • Apr 15, 2013 1:32am Apr 15, 2013 1:32am
Quoting Matrix8756
10 Minutes ago TMA1 was beyond the cloud, but it did not work. Now, because repainting is not seen, but it happened .. Patience.
Matrix8756, in my posts about the 1-st TMA pattern I explained that we have three very important things to pay attention to:

1). M1 Price Action

2). TMA M1's angle (slope)

3). H1's big picture.

1). As far as I understand after TMA M1 went under the cloud we didn't have any M1 Price Action Pattern that could trigger the entry, right?

2). I was not watching, so I can't say anything about the angle.

3). H1 shows a strong pullback up. Maybe it is not a change of the trend, but entering short is not a very smart move right now.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,145
  • Apr 15, 2013 1:35am Apr 15, 2013 1:35am
And i'm long, so don't play against me
My name is Martin... Martin Gale
  • #2,146
  • Apr 15, 2013 1:38am Apr 15, 2013 1:38am
Quoting GEOFFREY62
Morning All 7.15am here in UK up and ready to start new week, already seems like a few good trades have been taken by you lot. Geoff
Good morning, Geoff!

Watch out - BOJ's Kuroda is speaking right now!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,147
  • Apr 15, 2013 1:40am Apr 15, 2013 1:40am
Quoting Favorite
Matrix8756, in my posts about the 1-st TMA pattern I explained that we have three very important things to pay attention to: 1). M1 Price Action 2). TMA M1's angle (slope) 3). H1's big picture. 1). As far as I understand after TMA M1 went under the cloud we didn't have any M1 Price Action Pattern that could trigger the entry, right? 2). I was not watching, so I can't say anything about the angle. 3). H1 shows a strong pullback up. Maybe it is not a change of the trend, but entering short is not a very smart move right now.
You're right Favourites.
The inclination of TMA1 was correct.
There was a Price Action so I could let it go
On H1 seems prepared to short (pull back apart) so I pulled the trigger.
Again patience. to the next.
  • #2,148
  • Apr 15, 2013 1:43am Apr 15, 2013 1:43am
Quoting Matrix8756
You're right Favourites. The inclination of TMA1 was correct. There was a Price Action so I could let it go On H1 seems prepared to short (pull back apart) so I pulled the trigger. Again patience. to the next.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,149
  • Apr 15, 2013 1:43am Apr 15, 2013 1:43am
And +10 pips for me, good begining of week
My name is Martin... Martin Gale
  • #2,150
  • Apr 15, 2013 2:03am Apr 15, 2013 2:03am
That's why I warn you not to trade during the high-impact news. Under the normal circumstances that could be a good entry...
Attached Image (click to enlarge)
Click to Enlarge Name: m1-eurjpy-1.gif Size: 87 KB
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,151
  • Apr 15, 2013 2:39am Apr 15, 2013 2:39am
I didn't want to trade today anymore, but it was such a nice setup - I just couldn't help it! EURJPY +27 pips, since it was "TMA M1 beyond the Ichimoku cloud" pattern I waited until the red line.
Attached Images
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,152
  • Apr 15, 2013 2:46am Apr 15, 2013 2:46am
And now we have the 2-nd TMA pattern - "TMA M1 beyond TMA M5".

Please pay attention to the white circle - I showed where the TMA M1 lower border started becoming horizontal, after that the pullback started!
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,153
  • Apr 15, 2013 3:00am Apr 15, 2013 3:00am
I could've re-enter after the pullback was over and get appr. 10 pips. I got 87 pips today and it is more than enough, but I wouldn't enter even if I were trading. Please pay attention to the TMA M1's slope! Yes, TMA M1 is still over the cloud, but it is practically horizontal, I don't want this kind of trades, better be safe than sorry!
Attached Images
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,154
  • Apr 15, 2013 3:03am Apr 15, 2013 3:03am
Quoting Favorite
And now we have the 2-nd TMA pattern - "TMA M1 beyond TMA M5". Please pay attention to the white circle - I showed where the TMA M1 lower border started becoming horizontal, after that the pullback started! {image}
also, +27, Favorite!=)
but..was not included on the pattern (
p.s: by klassterny systems!)
  • #2,155
  • Apr 15, 2013 3:07am Apr 15, 2013 3:07am
YES! USDJPY!
I„m so prooooooud

PS: it was a good entry much earlier, but ...long phone call
Attached Image (click to enlarge)
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Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,156
  • Apr 15, 2013 3:16am Apr 15, 2013 3:16am
I will often not throw out the schedules and so everything is clear! At me one problem, I take pips, but for certain a little! But 90%!
Attached Image (click to enlarge)
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  • #2,157
  • Apr 15, 2013 3:17am Apr 15, 2013 3:17am
Quoting Simonik
YES! USDJPY! I„m so prooooooud
Well done, Simonik!

I never traded USDJPY, but some people really like it.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,158
  • Apr 15, 2013 3:25am Apr 15, 2013 3:25am
Quoting igor65
I will often not throw out the schedules and so everything is clear! At me one problem, I take pips, but for certain a little! But 90%!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,159
  • Apr 15, 2013 3:26am Apr 15, 2013 3:26am
EURUSD, Tma....Cloud...PA...Genesys= +17p
For now= 5+8+17=30p
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1.png Size: 33 KB
Look like a girl, act like a lady, think like a man and work like a dog.
  • #2,160
  • Apr 15, 2013 3:33am Apr 15, 2013 3:33am
Ladies and Gentlemen, please pay attention because it is serious!

I know that some of you shared their currency strength indicators and I'm grateful but frankly speaking it was not what I wanted.

Now we have a new thread here:

Currency Strength Moving Average System
http://www.forexfactory.com/showthread.php?t=421569

The guy obviously knows what he's doing and what he's talking about and it seems to me that his currency strength indicator is much better and that with his indicator we really can choose the best pairs available. But I can be subjective, so I would like you to take a look at this meter (the topic-starter explains everything really good). It is possible that it could be a very fine addition to the Babon system. I mean - if you want to trade one or two pairs - just trade Babon, watch for the right setups. If you want to trade more pairs - first choose the pair with this indicator and then trade it with Babon. So I want to hear your opinion. Thank you.
Gentlemen always play by the rules. If they can't, they change the rules.
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