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  • #20,421
  • Jun 10, 2013 6:20pm Jun 10, 2013 6:20pm
Quoting medlyon
Hi Emmanuel, This is my Eur/usd chart. {image}
Hi medlyon,

WELCOME!
Your first post and comes with a chart, that very good start.

I notice you use a Daily Pivot indctaor which draw line across your chart. Just bear in mind the D pivot, S1,s2,s3 and r1,r2,r3 levels will be recaulated and change at each new day so the lines may not be so useful to see on H4. For H4 swing trading, I prefer to use the Weekly Pivots.

Hint: PA above WPv Buy only , PA below WPv Sell only when market is trending. TDI is our guide and APB/HA is to make trading less stressful than looking at real price bar/candles.

Trade Well.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,422
  • Jun 10, 2013 7:59pm Jun 10, 2013 7:59pm
Phx62, I cannot express how much I appreciate the time and effort you so willing share with us. I doubt most realize how time consuming owning and operating a business can be.
I use a different broker and therefore probably have a slightly different value of my 200 ema, but from your chart today it appears you entered your trade #2 just below your 200ema. Would you please explain your reasoning for not waiting to enter at a slightly higher price?
thanks so much
gmcc
  • #20,423
  • Jun 10, 2013 9:01pm Jun 10, 2013 9:01pm
Here is a nice piece of music while we work on our trade planning and waiting for that setup.
BOLERO by Maurice Ravel .. all time favorite of many classical musin lovers.
This rendition by young musicians , all very talented and skillful in their different ways with their instruments, yet all performing to the perfect timing of the maestro.
Repetition .. again and again, that is what we as traders do using our skills and perfect timing.

Enjoy!

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,424
  • Jun 10, 2013 9:09pm Jun 10, 2013 9:09pm
EU and GU 11 Jun Tokyo Open:

- What do you see on your Day charts?

= What will be your day bias seeing D chart?

- Is there bearish signs and reversal?

Practice on your charts and train your eyes to see candlestick and bar patterns.

If you are not clear and not sure what Candlestick CS Patterns or Bar Patterns are, you can ask.

Good Trading ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,425
  • Jun 10, 2013 9:18pm Jun 10, 2013 9:18pm
Just want to point out there was a cross on AU 4h TF an hour ago. price has moved down 20 pips since then.
Daniel
  • #20,426
  • Jun 10, 2013 9:29pm Jun 10, 2013 9:29pm
Quoting emmanuel7788
Here is a nice piece of music while we work on our trade planning and waiting for that setup. BOLERO by Maurice Ravel .. all time favorite of many classical musin lovers. This rendition by young musicians , all very talented and skillful in their different ways with their instruments, yet all performing to the perfect timing of the maestro. Repetition .. again and again, that is what we as traders do using our skills and perfect timing. Enjoy! http://www.youtube.com/watch?v=jd5GUCP88fU
Let's start the day with a classical piece of music, I'm a big classical fan as well

Thank You

On the daily chart of EU , I see there is an inside bar which sits right below 1.32700 resistance level , bias for today bullish if breakout occur above that level or retracement back to yesterday low


Almost identical to what's happening for GU right now

Correct me Emanuel if am wrong, I'm here to learn and listen

and please allow me to gift you back some piece and hope you enjoy it for the rest of the day

Thank You

Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: 6-11-2013_test.jpg Size: 307 KB
I Have Learned to Take Some Losses to Make Profits
  • #20,427
  • Jun 10, 2013 9:36pm Jun 10, 2013 9:36pm
Quoting Fame of me
@ Emmanuell, i told you that i start to love the three powerful forex price pattern. Last week took this trade on GJ H1 {image} I have mark my signal, i identified it as a Bearish Harami, can you confirm this for me? Thanks.
Hi Fame of me,
here is some post mortem work I did using your GJ trade example.
hopefully it will be lesson on PASR and how trade can be done .
Explanations on charts posted below.
Note that GJ trade was in H1 but if that setup was on H4, it would have been an excellent setup for ME/ME trading.

regards,
EMMANUEL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ PASR Example.png Size: 42 KB
Click to Enlarge Name: GJ FoMe post 9 Jun.png Size: 145 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,428
  • Jun 10, 2013 9:45pm Jun 10, 2013 9:45pm
Quoting gmcc
Phx62, I cannot express how much I appreciate the time and effort you so willing share with us. I doubt most realize how time consuming owning and operating a business can be. I use a different broker and therefore probably have a slightly different value of my 200 ema, but from your chart today it appears you entered your trade #2 just below your 200ema. Would you please explain your reasoning for not waiting to enter at a slightly higher price? thanks so much gmcc
Thanks for your kind comments. I have found that the 200 EMA is really just another S/R line and sometimes it holds and sometimes it does not. Price tested the 200 on Thursday and was rejected. I tested again right after completion of the 1st trade today and was rejected again, then it retraced for 3 candles and tried to push through again. The 3rd or 4th tries usually at least break through. I entered right on the line and monitored the trade closely. I watched the M15 to see if there would be any sign of a reversal. There was no hesitation.....price moved right on up for an hour. I left it to run and hit the 50 pip TP as a BE trade. In fact, even on the M15 time frame, none of the candles closed red (that would be a flag that price might reverse). As I have stated before, I keep the H1 and M15 charts open on my screen. I use the H1 for trade decisions and seldom enter or exit on the M15. I do watch the M15 to see what might be coming.
Green pips to you!!!
  • #20,429
  • Jun 10, 2013 9:48pm Jun 10, 2013 9:48pm
Quoting emmanuel7788
EU and GU 11 Jun Tokyo Open: - What do you see on your Day charts? = What will be your day bias seeing D chart? - Is there bearish signs and reversal? Practice on your charts and train your eyes to see candlestick and bar patterns. If you are not clear and not sure what Candlestick CS Patterns or Bar Patterns are, you can ask. Good Trading ahead.
Hi Emm,


My idea would be a EU buy on break and hold above 1.3280, but if break and hold below 1.3180 then sell.

GU buy on break above 1.5580..

Are they similar to your plans?

Paul
  • #20,430
  • Jun 10, 2013 9:55pm Jun 10, 2013 9:55pm
Hello Every one

Special thank you to Arete and G. Grillz, most helpful regarding the indicators, thanks for the suggestions...
  • #20,431
  • Edited 10:37pm Jun 10, 2013 10:01pm | Edited 10:37pm
Hi Emmanuel,

Thanks for your comment. Here is my Eur/usd chart for today. Is the circle showing an inside bar breakout? A number of resistance ahead R1, last week high and past few days high.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 40 KB
  • #20,432
  • Jun 10, 2013 10:21pm Jun 10, 2013 10:21pm
Quoting irishtoffy
{quote} Hi Emm, My idea would be a EU buy on break and hold above 1.3280, but if break and hold below 1.3180 then sell. GU buy on break above 1.5580.. Are they similar to your plans? Paul

Hi irishtoffy,

Watching those price levels are imnportant.
But since we are trading TMS, your already missed the 4H TDI cross and APB/HA candles #1 and #2.
So what shall traders do under these situations?
Usually we wait for retracement and get an entry in lower TF if the PA shows that the trend we trade is still valid.

GU Day chart shows Double Inside Barr DIB. This is good PA CS pattern but there are thousands of traders and system telling traders this. So we must be careful with fakey.

EU just made a push up from previous D low. Missed entry for many I guess.

Careful today as both the Sydney and Shanghai markets reopen today after holiday yesterday and liquidity is flowing through. We seldom see Asian session move quickly without any news in the region. Japanese banks are confident with Abenomics so we can expect more volatility in Yen pairs.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,433
  • Jun 10, 2013 10:28pm Jun 10, 2013 10:28pm
Quoting emmanuel7788
{quote} Hi irishtoffy, Watching those price levels are imnportant. But since we are trading TMS, your already missed the 4H TDI cross and APB/HA candles #1 and #2. So what shall traders do under these situations? Usually we wait for retracement and get an entry in lower TF if the PA shows that the trend we trade is still valid. GU Day chart shows Double Inside Barr DIB. This is good PA CS pattern but there are thousands of traders and system telling traders this. So we must be careful with fakey. EU just made a push up from previous D low. Missed...

heads up, EU price is retracing 1.327 atm
Daniel
  • #20,434
  • Jun 11, 2013 12:23am Jun 11, 2013 12:23am
here is my current trade eurusd 4h
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4h.JPG Size: 135 KB
  • #20,435
  • Jun 11, 2013 12:50am Jun 11, 2013 12:50am
Quoting thomi
here is my current trade eurusd 4h {image}
How far will go.. ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 61 KB

we will see...
JacekPreserve Precious Capital
  • #20,436
  • Jun 11, 2013 1:53am Jun 11, 2013 1:53am
Quoting Jackub
{quote} How far will go.. ? {image} we will see...
Personally I was looking for a Short till 1.2959.
Sejati, Baik, Sabar...
  • #20,437
  • Jun 11, 2013 1:58am Jun 11, 2013 1:58am
Quoting Goghor
{quote} Personally I was looking for a Short till 1.2959.
Whats what I am trying to suggest, might be run up is going to be over...
JacekPreserve Precious Capital
  • #20,438
  • Jun 11, 2013 2:04am Jun 11, 2013 2:04am
Quoting Jackub
{quote} How far will go.. ? {image} we will see...
If the previous 2 weeks trend continues ... then I am looking at ... 60% of the ATR(52) weeks
Attached Image (click to enlarge)
Click to Enlarge Name: EU week 24 target range 11-6-2013 2-56-22 PM.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,439
  • Jun 11, 2013 2:14am Jun 11, 2013 2:14am
Quoting Goghor
{quote} Personally I was looking for a Short till 1.2959.


1.2959 ... why so specific price level ? BRN 1.3000 and 1.3020 historical S&R.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,440
  • Jun 11, 2013 2:17am Jun 11, 2013 2:17am
Quoting medlyon
Hi Emmanuel, Thanks for your comment. Here is my Eur/usd chart for today. Is the circle showing an inside bar breakout? A number of resistance ahead R1, last week high and past few days high. {image}

Hi medlyon,

Before that circled PA you marked on your chart, there was a good 4H TMS entry...a bullish UPthrust bar/candle.

see pic below.
Attached Image (click to enlarge)
Click to Enlarge Name: mdelyon post2 EU 11-6-2013 11-59-24 AM.png Size: 141 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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