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Daily Trade Analysis with FxTyrant

  • #101
  • May 24, 2013 3:23am May 24, 2013 3:23am
Quoting skyhawkps
Update! {image}

Hi SKY
ur img is very interesting
can I ask you how do you get the entry signals showed with those arrows ?? I made circles to understand better the arrows I mean ...
Thanks
Attached Image (click to enlarge)
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  • #102
  • May 24, 2013 3:36am May 24, 2013 3:36am
Quoting Ill-b-back
I'm not sure it get's much closer than this But I think this one might still be a goner.... {image}
We have to wait to see which candle appears after that last doji candle...and price action says wait, do not take any decision now...This kind of chart should not have any affect on trading decision since it indicates nothing (as per price action), we must wait to see 2/3 more candles...
  • #103
  • May 24, 2013 4:26am May 24, 2013 4:26am
Quoting Red Herring
{quote} We have to wait to see which candle appears after that last doji candle...and price action says wait, do not take any decision now...This kind of chart should not have any affect on trading decision since it indicates nothing (as per price action), we must wait to see 2/3 more candles...
Of course, I stay in until profit or I am knocked out
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #104
  • May 24, 2013 8:31pm May 24, 2013 8:31pm
Quoting Ill-b-back
{quote} Of course, I stay in until profit or I am knocked out {image}
dude is things really that bad in australia?!
we had a pinbar on many AUD trades on Thursdays and it got completely ignored wtf...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #105
  • May 25, 2013 1:49am May 25, 2013 1:49am
Quoting fxtyrant
{quote} dude is things really that bad in australia?!we had a pinbar on many AUD trades on Thursdays and it got completely ignored wtf...
My "creative" analysis tells me we have finally broken throught the blue off the brown.

but we are approaching an interesting area...

I've haven't traded the Aussie much before so maybe not much help
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #106
  • May 25, 2013 7:50am May 25, 2013 7:50am
Quoting Ill-b-back
{quote} My "creative" analysis tells me we have finally broken throught the blue off the brown. but we are approaching an interesting area... I've haven't traded the Aussie much before so maybe not much help {image}
Nice chart of the Aussie.
When I get back to my UFO I will post my Aussie chart .
IMO nothing has changed in the U.S. or Aussie the past weeks , technical trade only.
The More You Learn, The More You Earn.....
  • #107
  • May 26, 2013 8:10pm May 26, 2013 8:10pm
Looking at PA above the current month however, I'm more inclined to this view.

I'd be hesitant to buy mid / longer term before the 38 fib/support
Attached Image (click to enlarge)
Click to Enlarge Name: audusdmonthly.png Size: 37 KB
Come with me if you want to live....
  • #108
  • May 26, 2013 9:23pm May 26, 2013 9:23pm
Silver more down also I think, I wouldn't trust that weekly reversal bar

I would be looking for a retest of that main monthly/weekly TL
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: xagusdweekly3.png Size: 35 KB
Come with me if you want to live....
  • #109
  • May 29, 2013 2:41am May 29, 2013 2:41am
Quoting marco mp
{quote} Hi SKYur img is very interestingcan I ask you how do you get the entry signals showed with those arrows ?? I made circles to understand better the arrows I mean ... Thanks {image}

Check your inbox?
  • #110
  • May 29, 2013 7:52am May 29, 2013 7:52am
Right so i've been rather unlucky with the AUD trades lately
but im gona recover some.

currently seeing a good opportunity to go long on AUDCAD, with SL if candle closes below 0.9950

MACD divergence occuring, and it usually is a good indication of trend reversal, MACD rolled over top. time for some move up.
Williams%R at the bottom, more space to go up.

probably gona aim for proit at 1.0250

Attached Image (click to enlarge)
Click to Enlarge Name: 20130529.1222.gmt.audcad.daily.png Size: 40 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #111
  • May 29, 2013 8:41pm May 29, 2013 8:41pm
Update for AUDNZD
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  • #112
  • May 29, 2013 9:05pm May 29, 2013 9:05pm
Update for AUDCAD
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  • #113
  • May 29, 2013 9:08pm May 29, 2013 9:08pm
Update for GBPUSD
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  • #114
  • May 29, 2013 9:11pm May 29, 2013 9:11pm
Update for EURUSD
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  • #115
  • May 29, 2013 9:43pm May 29, 2013 9:43pm
EURUSD and GBPUSD...
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  • #116
  • Jun 3, 2013 3:05am Jun 3, 2013 3:05am
Hello Traders,

well I don't have a complicated system or even crowded charts, but I know a good opportunity when I see one.

A rare pair, the USD/ZAR is on the run for greater things to come, having formed a pinbar on the Daily charts at the close of the month.

Attached Image


Definitely a good opportunity to sell there
  • #117
  • Jun 4, 2013 6:29am Jun 4, 2013 6:29am
Quoting Danny Maina
Hello Traders, well I don't have a complicated system or even crowded charts, but I know a good opportunity when I see one. A rare pair, the USD/ZAR is on the run for greater things to come, having formed a pinbar on the Daily charts at the close of the month. {image} Definitely a good opportunity to sell there
I agree with you. Pin bars are my favorite set up signals. I actually took a short trade on this pair based on H4 which has already closed for a R2 (reward risk ratio of 2:1).
  • #118
  • Jun 7, 2013 8:57am Jun 7, 2013 8:57am
Quoting skyhawkps
Update for EURUSD {image}
Nice chart, I am using Ichimoku too. Could you be pleased to advise which number you are using for EURUSD and GBPUSD? Are they the same? H1 H4 and D1? I am using 7 22 44 for all time frames.

Thank you very much.
  • #119
  • Jun 8, 2013 2:42pm Jun 8, 2013 2:42pm
not sure if your still long but im thinking little up trend after piercing line ,looks sweet for retrace

Quoting fxtyrant
{quote} it sure is.... whereas AUDUSD has been on the easing move... NZDUSD is only beginning it with wheeler suggesting easing in the near future... seems to me the AUDNZD up and down move is a cyclical thing between the AUD and the NZD economy much like the EURO and GBP on EURGBP....
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd w1 8-6-3 Piercing line.png Size: 38 KB
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  • #120
  • Jun 8, 2013 5:40pm Jun 8, 2013 5:40pm
Quoting fxtyrant
Right so i've been rather unlucky with the AUD trades lately but im gona recover some. currently seeing a good opportunity to go long on AUDCAD, with SL if candle closes below 0.9950 MACD divergence occuring, and it usually is a good indication of trend reversal, MACD rolled over top. time for some move up. Williams%R at the bottom, more space to go up. probably gona aim for proit at 1.0250 {image}
How did that work out for you? Bottom picking is too hard, glad I am a TURTLE

As for the Divergence you mention, I suggest you read a little book by Dr. Alexander Elder called "Two Roads Diverged: Trading Divergences"

But I can show you what he calls TRUE Divergence with this chart and save you the $7.65 (Kindle Edition)

His main point is that you look to the pattern first, then the price action

What you look for is that the histogram must break the center line

As you see in this example, the rewards are there if & when you spot these at the time

His entry is when there is a lower bar on Histogram (marked) so there are 6 days if you are patient

And there are multiple other entry techniques, Inside Day, Trend Line Break, Horizontal Line Break, Reversal Day

Great thread, always read your comments, regards, E.

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