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Attachments: AUDJPY + EURAUD + AUDUSD -- (carry + intraday)
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AUDJPY + EURAUD + AUDUSD -- (carry + intraday)

  • #121
  • May 22, 2013 1:12pm May 22, 2013 1:12pm
Quoting Rag2RichesFX
next 4 hour should shoot up nicely..(AUDUSD) if you arent long and want a tight entry spot look at 9675 if it even makes it back there
just hit 9675 again and bounced
Be hopeful in a winning position, and fearful in a losing position.
  • #122
  • May 22, 2013 1:13pm May 22, 2013 1:13pm
Quoting whatever007
{quote} I hope so too, took a clown short 103.6.

looks like its paying off for us both


nice one
Be hopeful in a winning position, and fearful in a losing position.
  • #123
  • May 22, 2013 1:33pm May 22, 2013 1:33pm
Quoting Rag2RichesFX
{quote} looks like its paying off for us both nice one
Covered here, took that AU long too with tight stop.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #124
  • May 22, 2013 1:41pm May 22, 2013 1:41pm
Quoting whatever007
{quote} Covered here, took that AU long too with tight stop.
Doh, nice timing.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #125
  • May 22, 2013 1:46pm May 22, 2013 1:46pm
yen so good
Attached Image (click to enlarge)
Click to Enlarge Name: yen3.png Size: 27 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #126
  • May 22, 2013 1:46pm May 22, 2013 1:46pm
Quoting whatever007
{quote} Covered here, took that AU long too with tight stop.
you got long around 9675??


ya it just seemed good to me, for a whole number of reasons
Be hopeful in a winning position, and fearful in a losing position.
  • #127
  • May 22, 2013 1:51pm May 22, 2013 1:51pm
Quoting Rag2RichesFX
{quote} you got long around 9675?? yeah it just seemed good to me, for a whole number of reasons
Yeah, 9679.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #128
  • May 22, 2013 1:54pm May 22, 2013 1:54pm
Quoting whatever007
{quote} Yeah, 9679.
nicee im looking for 9720 then 9750

if next 4 hour will cooperate

then on daily it will close as a doji, or half doji anyway
Be hopeful in a winning position, and fearful in a losing position.
  • #129
  • May 22, 2013 1:57pm May 22, 2013 1:57pm
covered short usdjpy (103.60) with long audjpy (99.80)

not really sure covered is right term.. i guess hedged

bounced 40 pips already (audjpy)

usdjpy bounced only 30
Be hopeful in a winning position, and fearful in a losing position.
  • #130
  • May 22, 2013 2:59pm May 22, 2013 2:59pm
Textbook
Attached Image (click to enlarge)
Click to Enlarge Name: yen4.png Size: 28 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #131
  • May 22, 2013 3:01pm May 22, 2013 3:01pm
AUDJPY was the better long though

Its fine since I'm long AUDUSD anyway..
Be hopeful in a winning position, and fearful in a losing position.
  • #132
  • May 22, 2013 3:02pm May 22, 2013 3:02pm
What is with all the invisible members in this thread.... really kind of weird

would appreciate if people participate instead of just lurk
Be hopeful in a winning position, and fearful in a losing position.
  • #133
  • May 22, 2013 3:45pm May 22, 2013 3:45pm
Quoting whatever007
{quote} Yeah, 9679.
Out at 97. I don't want any part of this when Chinese PMI data comes out later tonight. Still holding AJ short.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #134
  • May 22, 2013 3:50pm May 22, 2013 3:50pm
Quoting Rag2RichesFX
Textbook {image}
R2R, what is that indicator? Is that just a MACD? You saw higher low with lower low on indicator, so you took the long trade? Is that right?
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #135
  • Edited 4:08pm May 22, 2013 3:57pm | Edited 4:08pm
Quoting whatever007
{quote} R2R, what is that indicator? Is that just a MACD? You saw higher low with lower low on indicator, so you took the long trade? Is that right?
its just a standard 12,26,9 macd

the divergence the indicator itself actually catches, are horrible (most of time, sometimes it gives good ones), but its a very lagging indicator

to use it to any effect, you have to eyeball divergence yourself

on very rare occasion it will catch a divergence i did not with my eye, and thats why i use it



if you want a very immediate indicator, use RSI, the lower period the better..


i mostly am staring at the RSI(2) but MACD also gives some good signals, and its great when i see signals on both



but yeah for your question, my entry was from m15 divergence (on RSI 2) into a strong support zone.. also there was 1 hour hidden divergence incoming... and the down move left 103.20/30 minimum exposed..

i took profit 103.10
Attached Image (click to enlarge)
Click to Enlarge Name: yen5.png Size: 35 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #136
  • May 22, 2013 3:58pm May 22, 2013 3:58pm
Quoting whatever007
{quote} Out at 97. I don't want any part of this when Chinese PMI data comes out later tonight. Still holding AJ short.
good pips

i'm still holding my long for audusd, but i have taken some profit out for sure.


just a small position left im hoping can reverse up to 9750.. or maybe i even caught the bottom, for a nice move up next week
Be hopeful in a winning position, and fearful in a losing position.
  • #137
  • May 22, 2013 4:09pm May 22, 2013 4:09pm
Quoting Rag2RichesFX
{quote} its just a standard 12,26,9 macd the divergence the indicator itself actually catches, are horrible, but its a very lagging indicator to use it to any effect, you have to eyeball divergence yourself on very rare occasion it will catch a divergence i did not with my eye, and thats why i use it if you want a very immediate indicator, use RSI, the lower period the better.. i mostly am staring at the RSI(2) but MACD also gives some good signals, and its great when i see signals on both but yeah for your question, my entry was from m15 divergence...
Thanks. You know I've experimented with all kinds of indicators, mostly stochastic, but they just end up messing my mind. You get a signal and it ends up ripping your face off because it fails. This happened to me over and over again especially with these monster trends we have going in the dollar and yen. I'm attempting to train myself to just trade with some trendlines, S/R, and looking at candles. You know buy above and sell below and don't think type trading. Anyway, cool to watch a legit swing trader operate. Please keep posting.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #138
  • May 22, 2013 4:18pm May 22, 2013 4:18pm
Quoting whatever007
{quote} Thanks. You know I've experimented with all kinds of indicators, mostly stochastic, but they just end up messing my mind. You get a signal and it ends up ripping your face off because it fails. This happened to me over and over again especially with these monster trends we have going in the dollar and yen. I'm attempting to train myself to just trade with some trendlines, S/R, and looking at candles. You know buy above and sell below and don't think type trading. Anyway, cool to watch a legit swing trader operate. Please keep posting.


One of the most important things is that, you must wait for the price action to confirm the divergence. The divergence and hidden divergence just lets you know about the areas where you should expect some price action to happen, its always the price action that confirms the momentum indicators, not the other way around.

There is insane amount of divergence on SP500 yet it keeps going even higher, because it keeps running back into hidden divergence after every sell off. It has not sold off over 3% in more than 6 months.


Sometimes it will face rip if you enter early, sometimes not. Always best to wait for the standard price action signals.. multiple dojis... lower high/higher low.. etc

Another thing: often times a divergence on a lower time frame will come into play because of a hidden divergence that will very likely be happening on a higher time frame, on that next candle open.


And definitely, I plan on continuing this thread for as long as I can handle doing it.
Be hopeful in a winning position, and fearful in a losing position.
  • #139
  • May 22, 2013 9:45pm May 22, 2013 9:45pm
Adding another unit to my AJ short 99.4.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #140
  • May 22, 2013 10:11pm May 22, 2013 10:11pm
Quoting whatever007
Adding another unit to my AJ short 99.4.
Actually I got some cold feet and closed this out here, that's a 100 pipper from the earlier one, be back tomorrow.
Soar on my wings, you'll touch the hand of God, he'll make you King.
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