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  • #20,601
  • Jun 13, 2013 1:45pm Jun 13, 2013 1:45pm
Any advice appreciated

Entered at LO for AUD.USD. Exited later because of pullback candle formation
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  • #20,602
  • Jun 13, 2013 1:58pm Jun 13, 2013 1:58pm
Quoting tenmilewalk
Any advice appreciated Entered at LO for AUD.USD. Exited later because of pullback candle formation {image}
Cant comment on it. Cant see your candle open and close price. Also can you circle the formation?
Daniel
  • #20,603
  • Jun 13, 2013 4:28pm Jun 13, 2013 4:28pm
Another quick 100 pips this afternoon on a bounce of the green RSI price line off the red Trade Signal line and a cross of the RSI over the yellow Market Base line. Entry was made after price also broke back above the low of last week (solid light yellow line on chart) after breaking down through it earlier this morning. A very easy trade with very little pullback (not even any closed red candles on M15).
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  • #20,604
  • Jun 13, 2013 4:39pm Jun 13, 2013 4:39pm
Quoting Phx62
Another quick 100 pips this afternoon on a bounce of the green RSI price line off the red Trade Signal line and a cross of the RSI over the yellow Market Base line. Entry was made after price also broke back above the low of last week (solid light yellow line on chart) after breaking down through it earlier this morning. A very easy trade with very little pullback (not even any closed red candles on M15). {image}
Hello Phx 62. Inspiring as usual. I was actually wondering whether I should take this trade or not and decided not to. Missed opportunity there. My rationale was that market session is ending and I didnt want to overtrade. Would this be a correct justification?
  • #20,605
  • Jun 13, 2013 5:30pm Jun 13, 2013 5:30pm
Quoting Greenb
{quote} Cant comment on it. Cant see your candle open and close price. Also can you circle the formation?
Hello Greenb. Sorry not at home right now. I entered at 9:00(according to my charts) because there was a daily low and a bunch of dojis and a pullback candle i think? The entry was long but I exited due to a pullback candle forming. Didnt want to risk it so pulled out.
  • #20,606
  • Jun 13, 2013 5:50pm Jun 13, 2013 5:50pm
Quoting tenmilewalk
{quote} Hello Greenb. Sorry not at home right now. I entered at 9:00(according to my charts) because there was a daily low and a bunch of dojis and a pullback candle i think? The entry was long but I exited due to a pullback candle forming. Didnt want to risk it so pulled out.
Also not at home. Chart from mobile mt 4 doesnt show pullback. What i think happened to you is that your probably afraid of the possibility of getting a bad trade. Which resulted in you thinking too much. Ive seen some trades that you posted here. Those are good trades. You need to beleive in your analysis more. Stop doubting/changing your analysis. Take the risk of losing 20-30 pips.
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Daniel
  • #20,607
  • Jun 13, 2013 5:51pm Jun 13, 2013 5:51pm
Quoting tenmilewalk
{quote} Hello Phx 62. Inspiring as usual. I was actually wondering whether I should take this trade or not and decided not to. Missed opportunity there. My rationale was that market session is ending and I didnt want to overtrade. Would this be a correct justification?
I actually had the same thoughts but because the London session had been so indecisive on direction (bears and bulls in a battle) and the TDI cross moved green over red and yellow, I took a chance, expecting 20 or 30 pips at least but price just kept moving up so I stayed in it. Price also had just broken back above last weeks low, which added to my decision to enter.
  • #20,608
  • Jun 13, 2013 6:15pm Jun 13, 2013 6:15pm
Quoting Greenb
{quote} Also not at home. Chart from mobile mt 4 doesnt show pullback. What i think happened to you is that your probably afraid of the possibility of getting a bad trade. Which resulted in you thinking too much. Ive seen some trades that you posted here. Those are good trades. You need to beleive in your analysis more. Stop doubting/changing your analysis. Take the risk of losing 20-30 pips. {image}
Hello Greenb. Yes. Confidence is still an issue with me. The pullback candle I mentioned was the synergy one formed two hours before LO. I made an entry prior to that because I thought the price would retrace after a row of dojis and pullbacks consolidated around daily low
  • #20,609
  • Jun 13, 2013 6:24pm Jun 13, 2013 6:24pm
Quoting tenmilewalk
{quote} Hello Greenb. Yes. Confidence is still an issue with me. The pullback candle I mentioned was the synergy one formed two hours before LO. I made an entry prior to that because I thought the price would retrace after a row of dojis and pullbacks consolidated around daily low
The one i blue boxed?
mmm....pm me or post it later here?
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Daniel
  • #20,610
  • Jun 13, 2013 6:27pm Jun 13, 2013 6:27pm
Yes.
  • #20,611
  • Jun 13, 2013 6:28pm Jun 13, 2013 6:28pm
Quoting Phx62
Another quick 100 pips this afternoon on a bounce of the green RSI price line off the red Trade Signal line and a cross of the RSI over the yellow Market Base line. Entry was made after price also broke back above the low of last week (solid light yellow line on chart) after breaking down through it earlier this morning. A very easy trade with very little pullback (not even any closed red candles on M15). {image}

Very nice trade. I still don't have confidence entering new trade in NY session. It ranges most times, add in the fact that the pair moved already in Asian session. Specially since the 1st blue candle closed is lower than the bear candle closed and also the long wick on that bull candle (about 30 pips retrace?)
Daniel
  • #20,612
  • Jun 13, 2013 6:32pm Jun 13, 2013 6:32pm
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Mr. Greenb,

would u post the session box indicator which u have in the chart ?

thanks
  • #20,613
  • Jun 13, 2013 7:11pm Jun 13, 2013 7:11pm
Quoting Baayesh
{image}Mr. Greenb, would u post the session box indicator which u have in the chart ? thanks
Its a session indicator, you can find it in attachments on top of forums
Daniel
  • #20,614
  • Jun 13, 2013 8:08pm Jun 13, 2013 8:08pm
Quoting tenmilewalk
{quote} Hello Greenb. Yes. Confidence is still an issue with me. The pullback candle I mentioned was the synergy one formed two hours before LO. I made an entry prior to that because I thought the price would retrace after a row of dojis and pullbacks consolidated around daily low
Quoting greenb
{quote} Very nice trade. I still don't have confidence entering new trade in NY session. It ranges most times, add in the fact that the pair moved already in Asian session. Specially since the 1st blue candle closed is lower than the bear candle closed and also the long wick on that bull candle (about 30 pips retrace?)
I just wanted to add something for you to consider......maybe it will help you.....when I was developing my trade plan and refining how I wanted to trade, I discovered that I was able to enter more trades with confidence and make better decisions when I focused on reasons TO enter a trade, instead of reasons NOT TO enter a trade. I know it sounds like a very small thing but I certainly helped me. Based on this, I ended up building a trade plan where all my decisions are now based on 'IF....THEN...." scenarios.....(If this happens, then I do this......If I see this pattern, then I do this.....etc.). When I get enough of those reasons to line up, I enter. We all think differently, so this may not work for anyone else but me....but it does work for me. Hope it will help someone else out.......
  • #20,615
  • Jun 13, 2013 9:37pm Jun 13, 2013 9:37pm
Quoting stevebe
Hello Guys, Just came upon this thread and looks very interesting. I have download the TDI from the beginning of the thread which comes up in Metaeditor. Can someone tell me how to transfer that into the indicator file. Many thanks

here stevebe...

hope this pic below is enough to explain where MT4 stores all its stuff ....

word of advice, if you are new to Metaeditor and do not know the prgramming language, do not open any mq4 code after you downloaded them to your PC, this is to avoide any simple keyboard mistake entry into the original codes.
All you need to do is copy and paste the downloaded indicatros, scripts, templates, ... into the respcetive folder whoen below.

cheers!
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,616
  • Jun 13, 2013 9:54pm Jun 13, 2013 9:54pm
guys did anybody notice this : AU moved 239 pips in one day ?!!! even my ADR said whaaaaat
  • #20,617
  • Jun 13, 2013 10:03pm Jun 13, 2013 10:03pm
Cheeky 5m 50pip scalp earlier on EUR/NZD, which is fast becoming my most traded pair, seems to consistently trend.

Attachment
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  • #20,618
  • Jun 13, 2013 10:10pm Jun 13, 2013 10:10pm
Quoting G.Grillz
guys did anybody notice this : AU moved 239 pips in one day ?!!! even my ADR said whaaaaat
Fun huh,

GJ moved 700 pips yesterday
EJ moved 600 pips
EU moved 260 pips
AJ moved 550 pips
EurAud moved 400 pips

now you know what to possibly trade later

oh oh, anything that ends with JPY has just moved down roughly 100 pips.

Happy trading ;p

P.S maybe soros start buying AU? lol
Daniel
  • #20,619
  • Jun 13, 2013 10:17pm Jun 13, 2013 10:17pm
Quoting Phx62
{quote} {quote} I just wanted to add something for you to consider......maybe it will help you.....when I was developing my trade plan and refining how I wanted to trade, I discovered that I was able to enter more trades with confidence and make better decisions when I focused on reasons TO enter a trade, instead of reasons NOT TO enter a trade. I know it sounds like a very small thing but I certainly helped me. Based on this, I ended up building a trade plan where all my decisions are now based on 'IF....THEN...." scenarios.....(If this happens,...

For me myself, it's more the experience. i have tons more London trades compared to NY. I know if i get in LO price will move and i can expect 50-100 pips days easy. Most likely move start during the 1st or 2nd hour of session. NY on the other hand, all i know about it is that it moved. most times it ranged. I dont even know when they most likely move. And since i trade some JPY cross. I dont even know how hard it will move during NY.

I think my cure is to get more experience in NY session. Thanks for the advise though
Daniel
  • #20,620
  • Jun 13, 2013 10:47pm Jun 13, 2013 10:47pm
Quoting Greenb
{quote} Fun huh, GJ moved 700 pips yesterday EJ moved 600 pips EU moved 260 pips AJ moved 550 pips EurAud moved 400 pips now you know what to possibly trade later oh oh, anything that ends with JPY has just moved down roughly 100 pips. Happy trading ;p P.S maybe soros start buying AU? lol

whaaaaaaat , maaaaaaaaaaaaaaaaan guess few got rich from just yesterday and some margin calls too
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