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  • #21,301
  • Jul 2, 2013 8:27pm Jul 2, 2013 8:27pm
Quoting emmanuel7788
{quote} you refer to an old post...sure test my memory. here this pic should explain what to see in higher TF MN while we are at this, you can see how the June D traded with swing up and back all the way down and show up as Doji Mn candle. {image} {image}

Thank you ..Sorry for the headache.I missed the "guess" word in your post and that's why I was confused that before closing the candle how could you be sure that we are in the shadow.
My bad
Failure, is a wonderful teacher!
  • #21,302
  • Jul 2, 2013 11:06pm Jul 2, 2013 11:06pm
Quoting mike1349
{quote} Thank you ..Sorry for the headache.I missed the "guess" word in your post and that's why I was confused that before closing the candle how could you be sure that we are in the shadow. My bad
No worries mate.
I get more headache casued by the market than this.
But I think that trade was a good one , right?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,303
  • Jul 2, 2013 11:09pm Jul 2, 2013 11:09pm
AU scalping entry:
Entry was good while I waited patiently till just after the date was published, and look for the D1 follow thropugh from yesterday.
But I screwed up with my exits.... can only blame myself for being sleepy eyes.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 3 Jul M5 scalp entry 3-7-2013 9-42-39 AM.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,304
  • Jul 2, 2013 11:13pm Jul 2, 2013 11:13pm
Quoting rob Miller
Hi All, took 3 trades last night my time. each at 1800 which is 1 hour after LON open. Closed the AUDCHF as it was going sideways for 5 pips profit. AUDUSD closed 50% at + 30 pips, other 50% closed when trailing stop hit at + 25 pips. EU trade hit 20 pip target. so a nice evening trading. {image} {image}
rob Miller,

Good trades.
Scaling out or using multi-lots entry works good and can improve overall win rate.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,305
  • Jul 2, 2013 11:26pm Jul 2, 2013 11:26pm
AU 3 Jul M5 scalp:

Exit ...
Attached Image (click to enlarge)
Click to Enlarge Name: AU 3 Jul M5 scalping exit error 3-7-2013 12-15-12 PM.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,306
  • Jul 2, 2013 11:45pm Jul 2, 2013 11:45pm
AJ 3 Jul M5 scalping using PAC:

here is the same mistake made with the exit management...
Attached Image (click to enlarge)
Click to Enlarge Name: AJ 3 Jul M5 scalping exit 3-7-2013 12-40-52 PM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,307
  • Jul 3, 2013 1:06am Jul 3, 2013 1:06am
Analysis

seemed like a good entry. Pullback candle along with breakout of consolidating price for the new york and asian session. Broke past yesterdays low
Attached Image (click to enlarge)
Click to Enlarge Name: jul 2 aud.usd.h1 analysis(2).png Size: 48 KB
  • #21,308
  • Jul 3, 2013 1:26am Jul 3, 2013 1:26am
EU 3 Jul:
I would be surprise if EU continue down without a correction ...
Attached Image (click to enlarge)
Click to Enlarge Name: EU 3 Jul pre-LO 3-7-2013 1-13-33 PM.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,309
  • Jul 3, 2013 1:36am Jul 3, 2013 1:36am
Quoting tenmilewalk
Analysis seemed like a good entry. Pullback candle along with breakout of consolidating price for the new york and asian session. Broke past yesterdays low {image}

we can simply put it as - D1 continuation entry setup for D chart traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,310
  • Jul 3, 2013 1:50am Jul 3, 2013 1:50am
Quoting emmanuel7788
{quote} we can simply put it as - D1 continuation entry setup for D chart traders.
whats a d chart trader?
  • #21,311
  • Jul 3, 2013 2:02am Jul 3, 2013 2:02am
Quoting tenmilewalk
{quote} whats a d chart trader?
Daily chart trader!
  • #21,312
  • Jul 3, 2013 2:11am Jul 3, 2013 2:11am
Quoting Flaviu1981
{quote} Daily chart trader!
hi. what does that mean
  • #21,313
  • Jul 3, 2013 2:25am Jul 3, 2013 2:25am
Quoting tenmilewalk
{quote} hi. what does that mean
Trader who use Daily chart I think
  • #21,314
  • Jul 3, 2013 2:58am Jul 3, 2013 2:58am
Ok,EJ is having a 130 pips LO candle right now and it doesn't seem to stop dropping lower. Is there something happen in the EU right now?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpymicroh1.png Size: 63 KB
  • #21,315
  • Jul 3, 2013 3:25am Jul 3, 2013 3:25am
One trade this morning..
eu 21 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 39 KB
Trade what you see .
  • #21,316
  • Jul 3, 2013 4:13am Jul 3, 2013 4:13am
Quoting frenetic
Ok,EJ is having a 130 pips LO candle right now and it doesn't seem to stop dropping lower. Is there something happen in the EU right now? {image}
except for a few PMI data release, no idea what happened, maybe someone big decided to reset to NY Sunday open price .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,317
  • Jul 3, 2013 4:59am Jul 3, 2013 4:59am
Quoting emmanuel7788
{quote} except for a few PMI data release, no idea what happened, maybe someone big decided to reset to NY Sunday open price .
You made me laugh so hard emmanuel . But it did hit the open price of this week. There are lot of news to be released in the US session. Maybe stay out and observe the market is the best choice today. Have you taken any trade yet emmanuel?
  • #21,318
  • Jul 3, 2013 5:02am Jul 3, 2013 5:02am
Hey folks,

Yesterday we discussed M5 scalping using Price Action Channel.
Tell me you all missed this nice one when LO today.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 3 Jul M5 PAC trade example.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,319
  • Jul 3, 2013 5:10am Jul 3, 2013 5:10am
Quoting frenetic
{quote} You made me laugh so hard emmanuel . But it did hit the open price of this week. There are lot of news to be released in the US session. Maybe stay out and observe the market is the best choice today. Have you taken any trade yet emmanuel?

Took AU and AJ during Tokyo session got away with small pips and missed the run down. Still have my EU trade from yesterday, partial exit +85pips and now it bounce up but I am in a free trade at BE.

US data today when NYO later, be careful as holiday tomorrow. Oil prices went up, so something is brewing but I can't smell anything. So I rely on what i see on my charts.

GBP went crazy must the Russian oil money flowing again and all the summer premier league transfers changing hands.

Trade Well folks, protect your hard-earned money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,320
  • Edited 5:54am Jul 3, 2013 5:37am | Edited 5:54am
A nice EJ move down at LO.....three trades in the last 24 hours......one and two were H1 scalp trades entered following pullbacks and TDI crosses.......trade three taken on a double top pullback and price moved straight down.....no retracement or blue candles on H1, M15 or M5......TP moved twice and hit......the bias was for all short trades based on divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.7.3 ej h1.png Size: 81 KB
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