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  • #18,501
  • May 1, 2013 11:39am May 1, 2013 11:39am
hey guys any advice appreciated

Inside bar formation at around 2-3 hours before LO(yellow arrow) Waited until price broke high of formation to enter. Tdi confirms.
Original TP at yesterday's resistance level and 200 ema level. Price sudden brakeout happened. Exited trade at a fibonacci cluster zone drawn yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: may 1 eur.jpy.h1.png Size: 62 KB
Attached Image (click to enlarge)
Click to Enlarge Name: may 1 eur.jpy.h1 fibonacci.png Size: 80 KB
  • #18,502
  • May 1, 2013 11:40am May 1, 2013 11:40am
London P/L:50
New York P/L: -60
Daily total:50

London P/L:550
New York P/L:-60

Aggregate Trades: 123
Aggregate P/L: 490
  • #18,503
  • May 1, 2013 12:43pm May 1, 2013 12:43pm
Quoting terminator12
PHx62 and Emmanualle , Please give me indicator as u got , Dunno called . Like M1 M5 M15 H1 H4 D1 W1 M1 , i cant find it in paperclip , I got arjun 10 EMA and time trend but urs is better , At 02h15 (south Africa) i put short on GPYJPY , Till now its still on short , Worried about Federal Fund Rates and F O M C , Seems to be dovish ? Dont know if exit or not , Malcolm
IS THIS WHAT YOU ARE LOOKING FOR.

http://www.forexfactory.com/attachme...9&d=1308857032
  • #18,504
  • May 1, 2013 1:26pm May 1, 2013 1:26pm
Quoting redfan
{quote} IS THIS WHAT YOU ARE LOOKING FOR. http://www.forexfactory.com/attachme...9&d=1308857032
Redfan Thanks but not that one , Please look at PHx62 on top of middle chart with M1 M5 .... Try please Thanks
  • #18,505
  • Edited 1:49pm May 1, 2013 1:39pm | Edited 1:49pm
Quoting dee50
Romancing The Stop. A little common sense about the dreaded Stop. {image}
this is really good.
"all the risk is upfront", that never occured to me.
  • #18,506
  • May 1, 2013 1:48pm May 1, 2013 1:48pm
Quoting terminator12
{quote} redfan thanks but not that one , please look at phx62 on top of middle chart with m1 m5 .... Try please thanks
this is it you can change the time your self.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmonthly.png Size: 66 KB
  • #18,507
  • May 1, 2013 1:53pm May 1, 2013 1:53pm
Quoting redfan
{quote} this is it you can change the time your self. {image}
RedFan Ok will use it Thanks
  • #18,508
  • May 1, 2013 3:13pm May 1, 2013 3:13pm
Lots of news tomorrow... Will have to steer clear of the markets unless you are going to trade news breakouts ;-)
@pawpaw1000 on Twitter
  • #18,509
  • May 1, 2013 11:40pm May 1, 2013 11:40pm
Quoting terminator12
PHx62 and Emmanualle , Please give me indicator as u got , Dunno called . Like M1 M5 M15 H1 H4 D1 W1 M1 , i cant find it in paperclip , I got arjun 10 EMA and time trend but urs is better , At 02h15 (south Africa) i put short on GPYJPY , Till now its still on short , Worried about Federal Fund Rates and F O M C , Seems to be dovish ? Dont know if exit or not , Malcolm
Malcolm,
If you are referring that M1 M5 M15 H1 H4 .... in this chart below, it is Phx62' chart.
I do not know what that indicator is.
Sorry.
regards
EMMANUEL

http://www.forexfactory.com/attachme...1&d=1367336736
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,510
  • May 1, 2013 11:51pm May 1, 2013 11:51pm
Emmanual Hope PHx62 will give me indicator Thanks
  • #18,511
  • May 2, 2013 12:02am May 2, 2013 12:02am
Quoting pawpaw1000
Lots of news tomorrow... Will have to steer clear of the markets unless you are going to trade news breakouts ;-)

yes, today big news day. China already reported slow down in manufacturing output. What do you think the other European economies will report today. Can they do better? Which of Germany' biggest manufacturers had done better in 1stQ?
So lets see what happens when European markets open today. ...day of hourly fakeys.

Good day to test your chart reading and your PATIENCE and TIMING.
Always wait for confirmation, always wait for candle close, .... do not pre-empt any price move and jump the gun into puling the trigger.

There are few occasions when you can jump in during the H4 candle#2 and not wait for that to close. You must know that chart condition well how to enter during a candle#2. It has more to do with Price Action and where Support and Resistance is for that type of early entry.
For this type of cnalde#2 early entry, you must manage your trade very closely in case market turns around against you. it is better to exit with small loss rather that wait for your initial SL to get hit. Should this happen, you take your loss and wait for the next setup.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,512
  • May 2, 2013 12:05am May 2, 2013 12:05am
Quoting emmanuel7788
{quote} yes, today big news day. China already reported slow down in manufacturing output. What do you think the other European economies will report today. Can they do better? Which of Germany' biggest manufacturers had done better in 1stQ? So lets see what happens when European markets open today. ...day of hourly fakeys. Good day to test your chart reading and your PATIENCE and TIMING. Always wait for confirmation, always wait for candle close, .... do not pre-empt any price move and jump the gun into puling the trigger. There are few occasions...
Hello emmanuel, when you say to not enter before a candle closes, are you referring to the 1hr as well?
  • #18,513
  • May 2, 2013 12:16am May 2, 2013 12:16am
Quoting terminator12
Emmanual Hope PHx62 will give me indicator Thanks

but what do you want an indicator to show you?

there are many of such multi-timeframe indicators showing prevailing price conditions of the other TFs.

do you want to know if price is above a certain moving average, which moving average?

do you want to see if the TDI PL is above or below the TSL of all TFs at any time?

etc...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,514
  • May 2, 2013 12:19am May 2, 2013 12:19am
Hi everybody……
I am going to be a writer….
I started to write a book, but have hope book will not be very fat when completed.
A title will be "My forex sins…". My every single stupidity made on forex, every single incompetence, end every single act of lack of discipline will be described there, with all details ….
NO charts there, only behavior, only feelings, only reactions…
Will keep writing until .. become a TRADER.
JacekPreserve Precious Capital
  • #18,515
  • May 2, 2013 12:22am May 2, 2013 12:22am
Quoting Jackub
Hi everybody…… I am going to be a writer…. I started to write a book, but have hope book will not be very fat when completed. A title will be "My forex sins…". My every single stupidity made on forex, every single incompetence, end every single act of lack of discipline will be described there, with all details …. NO charts there, only behavior, only feelings, only reactions… Will keep writing until .. become a TRADER.
hopefully it will be very thin indeed.
Daniel
  • #18,516
  • May 2, 2013 12:25am May 2, 2013 12:25am
Quoting Greenb
{quote} hopefully it will be very thin indeed.

Thank You!
JacekPreserve Precious Capital
  • #18,517
  • May 2, 2013 12:30am May 2, 2013 12:30am
Quoting tenmilewalk
{quote} Hello emmanuel, when you say to not enter before a candle closes, are you referring to the 1hr as well?

H1 is quite different from H4.

X-Man S3 H1 method is PA first, ... then TDI cross to confirm in most cases.


4H method is TDI cross for entry and exit.... but with some exceptional cases where PA show reversal and TDI not cross yet.

Know your PA and S&R well. That will make that difference how you will trade TMS. If you see my trades posted, they are mostly PA type entries.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,518
  • May 2, 2013 12:33am May 2, 2013 12:33am
ECB press conference in 7 hours. hopefully once pass it we can get a nice trend going
Daniel
  • #18,519
  • May 2, 2013 12:34am May 2, 2013 12:34am
Quoting Jackub
Hi everybody…… I am going to be a writer…. I started to write a book, but have hope book will not be very fat when completed. A title will be "My forex sins…". My every single stupidity made on forex, every single incompetence, end every single act of lack of discipline will be described there, with all details …. NO charts there, only behavior, only feelings, only reactions… Will keep writing until .. become a TRADER.

Just limit that to " My 100 sins in trading the spot forex market"...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,520
  • May 2, 2013 12:37am May 2, 2013 12:37am
Quoting emmanuel7788
{quote} Just limit that to " My 100 sins in trading the spot forex market"...
I am very much afraid the book writen this way will be redy within few days only .....
JacekPreserve Precious Capital
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