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  • #20,821
  • Jun 19, 2013 12:06am Jun 19, 2013 12:06am
Here is AUDUSD example looking at the D chart:
Attached Image (click to enlarge)
Click to Enlarge Name: AU week 25 19 Jun pre-LO19-6-2013 1-02-42 PM.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,822
  • Jun 19, 2013 1:21am Jun 19, 2013 1:21am
Traders doing the 1h TF in pacific time zone, what are your sleep patterns like?

thanks
  • #20,823
  • Jun 19, 2013 1:50am Jun 19, 2013 1:50am
Quoting tenmilewalk
Traders doing the 1h TF in pacific time zone, what are your sleep patterns like? thanks
here my sleep patterns...
sleep like a baby and wakes up every 4 hours for feeding on pips profits and losses...
Attached Image (click to enlarge)
Click to Enlarge Name: sleep patterns.png Size: 837 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,824
  • Jun 19, 2013 1:56am Jun 19, 2013 1:56am
Quoting emmanuel7788
{quote} here my sleep patterns... sleep like a baby and wakes up every 4 hours for feeding on pips profits and losses... {image}
hello emmanuel, if you trade the 1h, what would your sleep patterns be like?
  • #20,825
  • Jun 19, 2013 2:06am Jun 19, 2013 2:06am
Quoting emmanuel7788
Here is AUDUSD example looking at the D chart: {image}
I don't know!

I can see reasons for buying and selling..

For buying I'd say there was a strong bottom pin bar, and around 0.94 is strong R so..buy

For selling I'd say the strong downtrend is intact, and the recent retrace to 0.96 was only temporary so..sell

So which is correct?

Thanks!
  • #20,826
  • Jun 19, 2013 2:10am Jun 19, 2013 2:10am
AU H1 LO:

watch carefully 0.9500 region .. CONFLUENCE of several ???
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,827
  • Jun 19, 2013 2:29am Jun 19, 2013 2:29am
Quoting irishtoffy
{quote} I don't know! I can see reasons for buying and selling.. For buying I'd say there was a strong bottom pin bar, and around 0.94 is strong R so..buy For selling I'd say the strong downtrend is intact, and the recent retrace to 0.96 was only temporary so..sell So which is correct? Thanks!
both are correct, only the market can and will prove us wrong.

too late to buy now,
too early to sell,
looking at USD strength of other pairs at LO, it is mix..
so we wait ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,828
  • Jun 19, 2013 2:31am Jun 19, 2013 2:31am
Good sign Sell in Eur/JPY (H4)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
  • #20,829
  • Jun 19, 2013 2:45am Jun 19, 2013 2:45am
Here is my 4H view EJ:

PA entry would have been the last BEEB.
but TMS 4H must wait for TDI and APB PA...
Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 25 19 Jun LO H4 19-6-2013 3-40-25 PM.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,830
  • Jun 19, 2013 2:55am Jun 19, 2013 2:55am
Tentative trading plan:

Look for reasons to trade rather than not to trade.
Focus on pullback reversals for now
Continuation and double top.bot worry about later.
  • #20,831
  • Jun 19, 2013 2:55am Jun 19, 2013 2:55am
Quoting dunggiggs
Good sign Sell in Eur/JPY (H4) {image}

....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,832
  • Jun 19, 2013 3:00am Jun 19, 2013 3:00am
Murzilka, check PM.
  • #20,833
  • Jun 19, 2013 3:07am Jun 19, 2013 3:07am
Quoting dunggiggs
Good sign Sell in Eur/JPY (H4) {image}
Yeah, waiting for a little retracement on the M15, maybe sell in about half an hour to an hour. What do you think?
  • #20,834
  • Jun 19, 2013 3:10am Jun 19, 2013 3:10am
Quoting tenmilewalk
{quote} hello emmanuel, if you trade the 1h, what would your sleep patterns be like?
hi tenmilewalk,

after trading for so many years, my body adapted to the market session trading hours. I can do with 4 hours sleep anytime between the 24-hour clock.

for H1 intrday trading, I chose to trade only these 5 pairs - AU, EU, GU, EJ and AJ.

the AU, EJ and AJ pairs I trade udinr the Syndey and Tokyo market hours on those days when there is news out of Sydney, Tokyo and Auckland like rates announcement, GDP, Retails sales, ... all the tier 1 red coded type news.
EU can also be traded during the same hours but usually EU do no move much unless there is follow through after events happened in the previous US session and reaction in the Asian market especially the Shanghai/HongKong and Tokyo.

Otherwise all 5 pairs can be traded from the hour GMT+5 i.e. Tok 5H right up till London close.

My H1 trades statistics shows me that my average duration for H1 trades is 2 Hour 30min with the longest up to 6 hours.
Usually a good H1 trade can be closed between 3 to 4 hour or else it run into the next market session and that is where danger lurks. If there is good PA, then I can convert my H1 trade to 4H trade and manage from there as a 4H trade.

So, when I have H1 trades open, I have to make sure I can access to my trading platform wherever I am during the 3 to 4 hours. Having a mobile device to access MT4 or any other platform is really convenient these days within city limits.
Using a trade manager EA on MT4 helps me a great deal in my H1 trading.

Hope this explains my sleep pattern. The only person who complains about this is my wife.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,835
  • Jun 19, 2013 3:12am Jun 19, 2013 3:12am
Quoting Dabbeljoe
{quote} Yeah, waiting for a little retracement on the M15, maybe sell in about half an hour to an hour. What do you think?

In think we as traders must always get a better price to enter the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,836
  • Jun 19, 2013 3:31am Jun 19, 2013 3:31am
Quoting emmanuel7788
{quote} hi tenmilewalk, after trading for so many years, my body adapted to the market session trading hours. I can do with 4 hours sleep anytime between the 24-hour clock. for H1 intrday trading, I chose to trade only these 5 pairs - AU, EU, GU, EJ and AJ. the AU, EJ and AJ pairs I trade udinr the Syndey and Tokyo market hours on those days when there is news out of Sydney, Tokyo and Auckland like rates announcement, GDP, Retails sales, ... all the tier 1 red coded type news. EU can also be traded during the same hours but usually EU do no move...
awesome

It looks like im going to have to start adjusting. No excuses. Or at least move to another time zone. I also noticed that a lot of the PA H1 trades last quite short, like you said, around 2 hours.
I also noticed that there are quite a lot of good trades available before LO for PA trades. But that is being said based on recent movement with the aud.usd
waking at 5am is still the big challenge for me. Missed some great opportunities because of lethargy. Example would be yesterdays GBP.USD pullback candle. Daily low, Double bottom, oversold. Missed it all because i was too lazy to get up.

thanks again.
  • #20,837
  • Jun 19, 2013 3:35am Jun 19, 2013 3:35am
Any advice appreciated

analysis

Continuation trade. For eur.jpy
Daily low broken
Price range breakout
Bounce of Tdi

But will only follow pullback for now. One PA at a time.
Attached Image (click to enlarge)
Click to Enlarge Name: jun 19 eur.jpy.h1 analysis continuation.png Size: 48 KB
  • #20,838
  • Jun 19, 2013 3:39am Jun 19, 2013 3:39am
Quoting tenmilewalk
{quote} awesome It looks like im going to have to start adjusting. No excuses. Or at least move to another time zone. .
That may be a bit extreme.

Being from the UK on GMT is ideal for me apart from the fact i work a 60 hour week on nights 1800-0600, i stay awake from 0600-10.00 and wake every two hours from there on wards until i wake at 1700 to go back to work, nocturnal basically.

I trade G/U E/J A/U during London and A/U E/NZ at night whilst at work.

Where there is a will there is a way, also learning to manipulate macro nutrients and calories to your advantage will help tenfold.
  • #20,839
  • Jun 19, 2013 3:52am Jun 19, 2013 3:52am
Entered GBP/USD short after PA found resistance at 1.56586 drawn from daily and confluence with Fibs 50 from H1

I forgot there was news on GBP , so I stayed in the trade and hope for the best, well news came and I was stopped out, but my stop loss was way afar from PA , I took a snap shot if anyone would clear this issue about what had gone wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: 6-19-2013 11-30-30 AM.jpg Size: 120 KB
I Have Learned to Take Some Losses to Make Profits
  • #20,840
  • Jun 19, 2013 4:12am Jun 19, 2013 4:12am
Quoting tenmilewalk
Any advice appreciated analysis Continuation trade. For eur.jpy Daily low broken Price range breakout Bounce of Tdi But will only follow pullback for now. One PA at a time. {image}
I'm waiting for green to cross red and add a long position, short for aud usd.

I enterd short on Gbp/usd, what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 47 KB
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