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  • #19,901
  • May 28, 2013 12:59am May 28, 2013 12:59am
EA trade currently in....

Comments welcome
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  • #19,902
  • May 28, 2013 1:01am May 28, 2013 1:01am
Quoting emmanuel7788
{quote} CONFLUENCE is a term we use to describe when several support and resistance price levels are close together. For example, histrocial S&R, Prev W Fib, Prev D Fib, OHLC, BRN and RN. There are several posts in babypips forum where trader mentionedabout confluence. Now you look at GU yesterady 27 May on the H1, is there CONFLUENCE of S&R on your H1 chart.What are the S&R? What was the PA at that level?If you read my post on GU above, you will see why in H1 trading use more PASR than TDI cross for entry and exit. PASR will get you into the market...
awesome. thanks
  • #19,903
  • May 28, 2013 1:08am May 28, 2013 1:08am
Quoting wizard99
EA trade currently in.... Comments welcome {image}
http://www.forexfactory.com/attachment.php?attachmentid=1201720&stc=1&thumb=1&d=1369727964

excellent trade done.
nice consolidation at Prev W high and H4 double IBs, and you took that nicely in H1. Welldone!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,904
  • May 28, 2013 1:10am May 28, 2013 1:10am
Quoting emmanuel7788
{quote} http://www.forexfactory.com/attachment.php?attachmentid=1201720&stc=1&thumb=1&d=1369727964 excellent trade done.nice consolidation at Prev W high and H4 double IBs, and you took that nicely in H1. Welldone!
Thx E7788 !!
  • #19,905
  • May 28, 2013 1:12am May 28, 2013 1:12am
hello, here is my trade aud / usd buy,
# 2 candle apb change colors and cross tdi 12-2
First resistance 50% fibo so 40 pips week ahead

by against the h1 is already well mounted is blocked on 127% fibo day
gbp and eur / usd is not bullish for the moment
last weekly candle is bearish ...

would you trade it took Emmanuel?
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  • #19,906
  • May 28, 2013 1:14am May 28, 2013 1:14am
lately, some of us talk about H1 trading, here is how I see JPY pairs when Tokyo open earlier.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,907
  • May 28, 2013 1:15am May 28, 2013 1:15am
Quoting emmanuel7788
{quote} http://www.forexfactory.com/attachment.php?attachmentid=1201720&stc=1&thumb=1&d=1369727964 excellent trade done.nice consolidation at Prev W high and H4 double IBs, and you took that nicely in H1. Welldone!
Hello emmanuel. what is a double H4 Inside bar?
  • #19,908
  • May 28, 2013 1:16am May 28, 2013 1:16am
Quoting wizard99
EA trade currently in.... Comments welcome {image}
top notch
  • #19,909
  • May 28, 2013 1:23am May 28, 2013 1:23am
Thx Tenmile,

I could only wish they were all that good......

It seems for every good trade/s I seem to screw up and make enough bad ones to wipe out my profits ...LOL

Oh Im still at it though...
  • #19,910
  • May 28, 2013 1:24am May 28, 2013 1:24am
Quoting tenmilewalk
{quote}Hello emmanuel. what is a double H4 Inside bar?
double inside bar
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  • #19,911
  • May 28, 2013 1:25am May 28, 2013 1:25am
Quoting thomi
hello, here is my trade aud / usd buy,# 2 candle apb change colors and cross tdi 12-2First resistance 50% fibo so 40 pips week ahead by against the h1 is already well mounted is blocked on 127% fibo daygbp and eur / usd is not bullish for the momentlast weekly candle is bearish ... would you trade it took Emmanuel? {image}

AU is on a downtrend for several weeks. I don't see a bullish reversal yet. So until I see a bullish reversal, CT trading only in H1 intraday trading only.
For 4H swing trading, I trade the Primary Trend i.e. Down.
You can trade AU from the time Sydney ASX open. .. 2hours before Tokyo opens.
After yesterday' very narrow range, trading the Prev D Fib makes more sense and watchout for trhe Prev W Fib for 4H trading.

Have you done your prep work and identified those historical support and resistance?
0.9715 and 0.9680 may stop buyers....
also 0.9675 is potential problem for buyers, why?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,912
  • Edited 1:46am May 28, 2013 1:28am | Edited 1:46am
Quoting thomi
{quote} double inside bar {image}
perfect, you can see them so easily....
Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,913
  • May 28, 2013 1:46am May 28, 2013 1:46am
0.9715 and 0.9680 may stop buyers....
also 0.9675 is potential problem for buyers, why?


when I look at support and resistance
I see it ...

can you enlighten me on what you mean ?

ps: By cons I agree that trade is dangerous trend as against weekly
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  • #19,914
  • May 28, 2013 1:49am May 28, 2013 1:49am
you want to talk about fibo day?
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  • #19,915
  • May 28, 2013 2:02am May 28, 2013 2:02am
Quoting thomi
0.9715 and 0.9680 may stop buyers....also 0.9675 is potential problem for buyers, why? when I look at support and resistanceI see it ... can you enlighten me on what you mean ? ps: By cons I agree that trade is dangerous trend as against weekly {image}
for intraday trading ...
here, a pic is worth more than one thousand words...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,916
  • May 28, 2013 2:21am May 28, 2013 2:21am
I am not for intraday trading but for swing h4 , do you understand? sorry for my english :-(

have you took h4 swing since the beginning of the week and there were none ?
  • #19,917
  • May 28, 2013 2:23am May 28, 2013 2:23am
Here is yesterday GU trade example ... to show the CONFLUENCE of S&R...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,918
  • May 28, 2013 3:46am May 28, 2013 3:46am
Entered long after break of EMA 200 and 5 pips above RN 131.500, PA broke previous candles high and reached 38.2 with strong momentum , I lost majority of the trade , but managed to take a profit of + 24 pips, exit below trend-line and Fib 23.6
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I Have Learned to Take Some Losses to Make Profits
  • #19,919
  • May 28, 2013 4:29am May 28, 2013 4:29am
Quoting Pipsmurfer
Good Morning to all, I took a long at AUDUSD. Bullish engulfing on H4. Strong support 0,9580 wich is also last week Low {image}
Closed half position at + 24 pips, SL to BE + 10. Thomi are you still in this trade ?
  • #19,920
  • May 28, 2013 5:05am May 28, 2013 5:05am
Quoting Pipsmurfer
{quote} Closed half position at + 24 pips, SL to BE + 10. Thomi are you still in this trade ?
yes I am a swing Pipsmurfer h4 so my first target 50% fibo week
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