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  • #21,261
  • Jul 2, 2013 2:16am Jul 2, 2013 2:16am
any advice appreciated

Entered for a quick trade after break of daily and previous day high. Continuation of trend from yesterday. Exited half at LO
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Potential trade for AUd.usd
Pullback candle formed at daily low(maybe). Looking for blue Lo candle for confirmation
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  • #21,262
  • Jul 2, 2013 2:38am Jul 2, 2013 2:38am
Quoting tenmilewalk
any advice appreciated Entered for a quick trade after break of daily and previous day high. Continuation of trend from yesterday. Exited half at LO{image} Potential trade for AUd.usd Pullback candle formed at daily low(maybe). Looking for blue Lo candle for confirmation {image}
Did you think the AUD/USD was a potential short or long? I think the AUD/USD might have potential, I'm looking at a potential short though. The previous candles made lower lows and the current blue candle maybe a retracement. On my chart, both the red and green lines are under the MBL. The trend is currently down too. Time will tell.
  • #21,263
  • Jul 2, 2013 2:43am Jul 2, 2013 2:43am
Quoting kiranizzle
{quote} Did you think the AUD/USD was a potential short or long? I think the AUD/USD might have potential, I'm looking at a potential short though. The previous candles made lower lows and the current blue candle maybe a retracement. On my chart, both the red and green lines are under the MBL. The trend is currently down too. Time will tell.
that is true. didnt really look at the mbl. I will probably exit depending on where the close of the LO candle is.
I am trying out a new approach. phx 62 told me to look for reasons TO take a trade rather than NOT to take a trade. If this trade doesnt pan out, It ll furhter reinforce that Pullback candles and daily lows alone are not always accurate. MBL and lower lows are important as well.
  • #21,264
  • Jul 2, 2013 2:46am Jul 2, 2013 2:46am
Possible short on the EUR/USD? Currently the hourly is showing a pull back from the 200ema. There seems to be some bearish divergence forming on the TDI too. Waiting for PA to break support line before considering. According to the TMS Histo, there is a bullish market on the H4 and D1, which is probably the only thing making me hesitant on this one, think there might be some news releasing.
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  • #21,265
  • Jul 2, 2013 4:13am Jul 2, 2013 4:13am
Hi All,

Quite a while since my last posts...

Last 1 hr, I Sell on EJ & EU...
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  • #21,266
  • Jul 2, 2013 4:17am Jul 2, 2013 4:17am
This when it closed & TP Hit with 27pips & 30 pips.

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  • #21,267
  • Jul 2, 2013 4:21am Jul 2, 2013 4:21am
Entered on the break of the support, loads of momentum, currently up 17 pips, was around the 20 pip level so I moved it to break even. New candle is retracing a fair bit, so I can either let it take me out for BE or take the pips I have now.
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  • #21,268
  • Jul 2, 2013 4:45am Jul 2, 2013 4:45am
Quoting Vladbold
Hi Emmanuel and everyone, Just entered E/U long : http://www.mql5.com/en/charts/471849...-teletrade-d-j Break of the asian session high, just before LO, on the 2nd candle, TDI cross, H1, per the directie the H4 is clearly showing. Looking to see if price will break 1,3100 and then maybe further away from that. Thoughts/comments on my entry ?

Hi Valdbold,

That was a very difficult H1 trade and to lose like this. It happens sometimes so we take the loss and learn from such trades.

Many traders who traded S3 EU will tell you that taking a trade before LO is breaking the rule. But that only in hindsight.
For me taking a H1 trade before LO is okay provided we have a look at the next higher TF in this case H4, then form a bias based on the HTF like H4.

Do a post trade review and see if you see something in H4 which may have help you make trade decision before LO.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,269
  • Jul 2, 2013 5:08am Jul 2, 2013 5:08am
Thanks for the quick reply :

In hindsight, i see these :
- i went long into the 1.3075, which rejected the price last week
- the h4 tdi angle was not that great, and the RSI line was hanging around 50 ( not passing )
- the h4 HA candle was the 7th HA blue candle in a row

- and the obv didn't wait for LO

Hope i didn't miss anything ?

On the upside ( lol ) , i closed at -10 since i realised i made a mistake and only lost like 10 bucks
  • #21,270
  • Jul 2, 2013 6:19am Jul 2, 2013 6:19am
Quoting Vladbold
Thanks for the quick reply : In hindsight, i see these : - i went long into the 1.3075, which rejected the price last week - the h4 tdi angle was not that great, and the RSI line was hanging around 50 ( not passing ) - the h4 HA candle was the 7th HA blue candle in a row - and the obv didn't wait for LO Hope i didn't miss anything ? On the upside ( lol ) , i closed at -10 since i realised i made a mistake and only lost like 10 bucks
Vladbold,

Good post-trade review.
The 1.3070 resistance on H4 is quite obvious.
H4 TDi also flat with several small H4 candles. .. does not show much price momentum.
The H4 candle before LO also show LL compare to the previous candles. You counted the HA candle #7 is good.

Waiting for LO is no my rule for H1 trading. I would trade the TOK_5H high breakout before even franfurt opens when i see H4 momentum from the early Tokyo session. It is also time when Sydney market closing and a lot depends on the how the Asian markets trading.

I always look at H4 first when I decide to take any trade on lower TF like H1 and M15. Usually we can can scalp after the first HA#1 when there is strong momentum.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,271
  • Jul 2, 2013 6:40am Jul 2, 2013 6:40am
EU week 27 2 Jul pre-NYO :

a nice 4H setup and in time for NYO, so get a good entry price or try 4H scalp this for some pips...the Big E way.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,272
  • Jul 2, 2013 6:47am Jul 2, 2013 6:47am
Quoting emmanuel7788
EU week 27 2 Jul pre-NYO : a nice 4H setup and in time for NYO, so get a good entry price or try 4H scalp this for some pips...the Big E way. {image}
I opened this one 15 min ago… I'm glad you think it's a good one! :-)
  • #21,273
  • Jul 2, 2013 7:33am Jul 2, 2013 7:33am
My first TMS trade up 20+ and trailing stop at 25. What do you guys think?
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  • #21,274
  • Jul 2, 2013 7:45am Jul 2, 2013 7:45am
Quoting jodwayne
My first TMS trade up 20+ and trailing stop at 25. What do you guys think? {image}

This is what I 'think' I see.... a A+++ setup
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,275
  • Jul 2, 2013 8:09am Jul 2, 2013 8:09am
TMS 4H scalping:

Here is how you can scalp a strong momentum TMS 4H candle using the PAC in M5/M15 chart TF.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,276
  • Jul 2, 2013 9:29am Jul 2, 2013 9:29am
Two trades so far this week....both EJ H1 trades taken at or near LO. Closed the first one manually after a pullback and market ranging. Second one hit TP before reversing.....had a signal to go long but I don't like taking trades right at NYO, so I passed on that one.
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  • #21,277
  • Jul 2, 2013 9:44am Jul 2, 2013 9:44am
EU stopped me out but salvaged 16 pips. better than a loser on my first TMS trade
  • #21,278
  • Jul 2, 2013 9:59am Jul 2, 2013 9:59am
Also can you set up the PAC with standard MAs on mt4, wasnt able to locate the synergy indicator.
  • #21,279
  • Jul 2, 2013 10:02am Jul 2, 2013 10:02am
Quoting jodwayne
EU stopped me out but salvaged 16 pips. better than a loser on my first TMS trade
did you see how price pullback from the tip of that Master candle?
now we watch PA at the tip of the other end...
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,280
  • Jul 2, 2013 10:05am Jul 2, 2013 10:05am
Quoting jodwayne
Also can you set up the PAC with standard MAs on mt4, wasnt able to locate the synergy indicator.

here is how you can setup the PAc using MA.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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