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  • #17,901
  • Apr 23, 2013 1:55am Apr 23, 2013 1:55am
Quoting wizard99
EJ Trade from yesterday, now what to do to best manage this out come ?? Cant say Ive been in this position very often. Trying to slow down and look at bigger picture stuff...... comments , strategies welcome. Cheers W99 {image} {image}
U should lower S/L to 128.977 and hope will go down more otherwise if it goes up to 128.977 will take profit , safe that way in case it will jump up to quickly
  • #17,902
  • Apr 23, 2013 1:57am Apr 23, 2013 1:57am
Hey guys take a look
Attached Image (click to enlarge)
Click to Enlarge Name: apr 22 eur.jpy.h1 trendline.png Size: 77 KB

Even though a trendline support was broken, if there was further breakout tonights, should I take any trades? Previous candles were a succession of reds already.

Any advice appreciated
  • #17,903
  • Apr 23, 2013 2:01am Apr 23, 2013 2:01am
There is potential short signal on USD/CHF, waiting on TDI to cross below red. Stoch has already hooked down and first candle starting..
  • #17,904
  • Apr 23, 2013 2:02am Apr 23, 2013 2:02am
Well I decided to move my SL to just above the last RN 129. Just got Stopped out at almost 4R.
Also TDI is turning up......

Emmanuel would be proud...LOL

Truthfully exits are hard !!!!
Attached Image (click to enlarge)
Click to Enlarge Name: pic.GIF Size: 29 KB
  • #17,905
  • Apr 23, 2013 2:03am Apr 23, 2013 2:03am
Hey guys
Attached Image (click to enlarge)
Click to Enlarge Name: apr 22 eur.jpy.h1 projections.png Size: 72 KB


Double bottom, bounce back from hourly trendline, and a pullback candle. Potential entry?

Any advice appreciated
  • #17,906
  • Apr 23, 2013 2:04am Apr 23, 2013 2:04am
Quoting tenmilewalk
Hey guys{image} Double bottom, bounce back from hourly trendline, and a pullback candle. Potential entry? Any advice appreciated
What pair you are trading tenmile?
  • #17,907
  • Apr 23, 2013 2:21am Apr 23, 2013 2:21am
Quoting wizard99
Well I decided to move my SL to just above the last RN 129. Just got Stopped out at almost 4R. Also TDI is turning up...... Emmanuel would be proud...LOL Truthfully exits are hard !!!! {image}

That's super trade ...4R
if R is 2% risk, 4R is 8% return in one trade.
Congrats!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,908
  • Apr 23, 2013 2:24am Apr 23, 2013 2:24am
Quoting emmanuel7788
{quote} {image} How many took this GU trade setup? See how it developed since my last post. There are more reasosn for that trade - H4 PA/TDI Divergence, Double Bottem chart pattern. Now you need to draw the new H4 channel using the most recent 3 swing points high and low. Use that to project the current wave move up and maximise profit using the PA of APB/HA. Trade Well folks... practice, practice, practice. It's wierd hours for me ... along the west coast...
+50, nice pip
Attached Image (click to enlarge)
Click to Enlarge Name: 4-23-2013 2-21-30 PM.jpg Size: 211 KB
  • #17,909
  • Apr 23, 2013 2:26am Apr 23, 2013 2:26am
Quoting Ozforex13
{quote} What pair you are trading tenmile?
Hi Tenmile,

I looked at your chart. and attached mine.

Now Im not sure which way ???? ...so ill stay out for the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.GIF Size: 30 KB
  • #17,910
  • Apr 23, 2013 2:28am Apr 23, 2013 2:28am
Quoting terminator12
PHx62 and Emmanual Both of u don't use 5EMA How do draw channel with lines Please . I did try but not the right way , Malcolm .

Malcolm,

Yes, I don't use the 5EMA because I read the price bars/candles and APB.
One less item on my charts, one less question and trade decision becomes easier.

How to draw price channel?
One way is to use MT4 tool to insert channel bewteen a range of price bars.

See attached.

regards
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: MT4 tool insert channel.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,911
  • Apr 23, 2013 2:30am Apr 23, 2013 2:30am
Quoting Pervis
{quote} +50, nice pip {image}

welldone!

50pips is good intraday profit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,912
  • Edited 4:06am Apr 23, 2013 3:34am | Edited 4:06am
about 5EMA, I think if want to use, we should set it to Shift +2 instead of Shift +3.
Shift +3 is too conservative and we'll likely get late entry.


----------
p/s: EU big fall... don't know which way should I trade EU today... too scared to enter even long/short signal entry shows up from PA
p/s2: speak too soon, I'm hungry for pips. Waiting for triple bottom bounce and enter long. 2975 looks strong after some analysis and confirmed by other boys in EU thread.
back... and more dangerous.
  • #17,913
  • Apr 23, 2013 4:07am Apr 23, 2013 4:07am
i have valid TDI cross on GU and EU TF 4H.

anyone ride on?
  • #17,914
  • Apr 23, 2013 4:21am Apr 23, 2013 4:21am
GU been at this level several times happy to wait a while
  • #17,915
  • Apr 23, 2013 4:21am Apr 23, 2013 4:21am
GBPAUD Sell on TDI cross

EURUSD - SL to big for my liking

GBPUSD - Support at 1.5220 levels that needs to be broken
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2013-04-23 at 9.13.57 PM.png Size: 37 KB
  • #17,916
  • Apr 23, 2013 4:25am Apr 23, 2013 4:25am
Quoting jajano
i have valid TDI cross on GU and EU TF 4H. anyone ride on?
I am also in.
  • #17,917
  • Apr 23, 2013 4:27am Apr 23, 2013 4:27am
Quoting jajano
i have valid TDI cross on GU and EU TF 4H. anyone ride on?

the H4 TDI cross you mentioned for EU and GU are at different chart time - EU H4 cross 2 candles ago. GU cross one candle ago.

But there are good candle pattern to support those entry candle #1 and #2.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU H4 tdi cross 23-4-2013 5-22-01 PM.png Size: 49 KB
Click to Enlarge Name: GU H4 tdi cross 23-4-2013 5-22-39 PM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,918
  • Apr 23, 2013 4:27am Apr 23, 2013 4:27am
Quoting jajano
i have valid TDI cross on GU and EU TF 4H. anyone ride on?
Hi

I know its a zoomed out chart but what about that LT uptrend line that PA is running right into....also PA closing in on bottom of that channel ??

Im still learning so anyone comments welcome...

Emmanuel ??

W99
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.GIF Size: 32 KB
  • #17,919
  • Apr 23, 2013 4:34am Apr 23, 2013 4:34am
Quoting kbp
about 5EMA, I think if want to use, we should set it to Shift +2 instead of Shift +3. Shift +3 is too conservative and we'll likely get late entry. ---------- p/s: EU big fall... don't know which way should I trade EU today... too scared to enter even long/short signal entry shows up from PA p/s2: speak too soon, I'm hungry for pips. Waiting for triple bottom bounce and enter long. 2975 looks strong after some analysis and confirmed by other boys in EU thread.

hi kbp,

try not to rely too much on 5EMA.
if there is volatiiity to push price, sometimes, we can enter on candle #2 even when it has not close across the 5EMA.
this type of occurence happen when PA hit a extreme high or low, then consolidates for a few very small H4 candles, then we see TDI 12-2 or 4-6 type of entry setup at above 68 or below 32 level. These are the best trades.

Big E mentioned in his post documented in Best of Big E pdf.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,920
  • Apr 23, 2013 4:38am Apr 23, 2013 4:38am
Quoting wizard99
{quote} Hi I know its a zoomed out chart but what about that LT uptrend line that PA is running right into....also PA closing in on bottom of that channel ?? Im still learning so anyone comments welcome... Emmanuel ?? W99 {image}
http://www.forexfactory.com/attachme...1&d=1366709257

I love such chart. Pure clean charts can see so much more of the PA.
The channel and tredline are both good.
Look for horizontal line of historical support and resistance. When all these put together show a area of confluence, that what I would pay more attention to PA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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