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  • #21,801
  • Jul 15, 2013 2:07am Jul 15, 2013 2:07am
AU 15 July LO+2

Asian high looks set. Now to see how PA will show us the way back down.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 15 Jul H1 view 15-7-2013 5-08-36 PM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,802
  • Jul 15, 2013 2:13am Jul 15, 2013 2:13am
Quoting dano858
3 Trades this morning uj +15 eu+20 gu+25 {image} {image} {image}

good number of pips despite very thin market...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,803
  • Jul 15, 2013 2:15am Jul 15, 2013 2:15am
Quoting JayS45
Possible USD/JPY coming up my 4hr just about to open new candle. {image}
nice
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,804
  • Jul 15, 2013 2:44am Jul 15, 2013 2:44am
EJ 15 Jul LO+2

there is a H1 pullback APB, but not an A+ setup, why?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 15 Jul H1 pullback apb 15-7-2013 5-38-30 PM.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,805
  • Jul 15, 2013 2:51am Jul 15, 2013 2:51am
Quoting emmanuel7788
EJ 15 Jul LO+2 there is a H1 pullback APB, but not an A+ setup, why? {image}
Hi Emmanuel, just wondering is there a way to attach yr Draw lines Buy & Sell indicator on the charts. I cant seem to add them on. Any other indicator ive added works fine. Also is this not an A+ set up as the green TDI line is above the 68 level? Thanks
Jay
  • #21,806
  • Jul 15, 2013 3:06am Jul 15, 2013 3:06am
Thanks for the answer and the welcome Emmanuel! May I ask which page I should start reading to see Phx62's post? It's a really long thread, hope you can give me a little pointer.

I've been an active demo trader for almost 7 months actually, was doing really well on 12H trading. But like many new traders I guess once I switched to live trading I was losing a lot of money into a few thousand USD (and that's on micro trading $1 a pip lol...) Mostly because I couldn't stand seeing the numbers going negative and close most my orders before they could go in the direction I expected.

Anyway I'm learning a lot from this thread and really love this simple method. Hopefully I'll be able to make consistant pip in the future like many of you guys here.

Happy trading!.
Everything you can imagine, is real - Pablo Picasso
  • #21,807
  • Jul 15, 2013 3:07am Jul 15, 2013 3:07am
Quoting JayS45
{quote} Hi Emmanuel, just wondering is there a way to attach yr Draw lines Buy & Sell indicator on the charts. I cant seem to add them on. Any other indicator ive added works fine. Also is this not an A+ set up as the green TDI line is above the 68 level? Thanks Jay
those Draw lines Buy and Sell are scripts.
you need to copy them into your MT4/expert/scrips folder.

to use them , just click then drag and drop them at the point where you have your trade entry.
then select the drawn object and re-size them as you want.

there is a favourite folder in your Navigator. You can add all your frequent;y scripts into this folder.

regarding EJ pullback candle, you are right when you use the TDI for decision. there are also other PA factors.


regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,808
  • Jul 15, 2013 3:13am Jul 15, 2013 3:13am
Took this trade on UJ H4.
TDI pulled back and crossed the 50 line. The second candle is also blue and crossed the yellow line ( = aggressive entry, isnīt it ? ).
+8 pips now, but i am looking for +50 pips TP. Should i close before the news today at 2:00 pm and 2:30 pm ?
Regards,
FX94
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h4-ibfx-australia-pty.png Size: 36 KB
  • #21,809
  • Jul 15, 2013 3:13am Jul 15, 2013 3:13am
Quoting emmanuel7788
{quote} those Draw lines Buy and Sell are scripts. you need to copy them into your MT4/expert/scrips folder. to use them , just click then drag and drop them at the point where you have your trade entry. then select the drawn object and re-size them as you want. there is a favourite folder in your Navigator. You can add all your frequent;y scripts into this folder. regarding EJ pullback candle, you are right when you use the TDI for decision. there are also other PA factors. regards, EMMANUEL
Other PA factors like the RN(130) and DR1?
Thanks.
  • #21,810
  • Jul 15, 2013 3:22am Jul 15, 2013 3:22am
Hi Traders,
took GU sell tonight.
Sold 50 at + 30 pips, then moved SL to +5 pips which was later hit.
Still looking at the method of moving my SL to + 5 at T1 on my trades.
Finding sometimes is saves a loss, other times it stops a further retrace in my original trading direction.
Overall though, still making profit so happy.
Attached Image (click to enlarge)
Click to Enlarge Name: 20130715 sell gbpusdh4.png Size: 49 KB
  • #21,811
  • Jul 15, 2013 3:26am Jul 15, 2013 3:26am
Quoting gigicualex
{quote} Other PA factors like the RN(130) and DR1? Thanks.

good that you identified intraday support and resistance using RN and Daily pivots....

still there are some more Price Action factors ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,812
  • Jul 15, 2013 3:27am Jul 15, 2013 3:27am
Quoting emmanuel7788
{quote} those Draw lines Buy and Sell are scripts. you need to copy them into your MT4/expert/scrips folder. to use them , just click then drag and drop them at the point where you have your trade entry. then select the drawn object and re-size them as you want. there is a favourite folder in your Navigator. You can add all your frequent;y scripts into this folder. regarding EJ pullback candle, you are right when you use the TDI for decision. there are also other PA factors. regards, EMMANUEL
Hi Emmanuel, all good got it up & running. Took a screen shot to see if i'm using it correctly though. Got SL at 60% of ADR. I may have this calculated all wrong but I welcome any comments from anyone lol.
Thanks for the help
JayS
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh4.png Size: 96 KB
  • #21,813
  • Jul 15, 2013 3:29am Jul 15, 2013 3:29am
Quoting Fx94
Took this trade on UJ H4. TDI pulled back and crossed the 50 line. The second candle is also blue and crossed the yellow line ( = aggressive entry, isnīt it ? ). +8 pips now, but i am looking for +50 pips TP. Should i close before the news today at 2:00 pm and 2:30 pm ? Regards, FX94 {image}

Fx94 i'm in the same trade. Hopefully goes well. looking good so far.
JayS
  • #21,814
  • Jul 15, 2013 3:46am Jul 15, 2013 3:46am
Quoting emmanuel7788
{quote} good that you identified intraday support and resistance using RN and Daily pivots.... still there are some more Price Action factors ...
dont we have to wait for the nex candle to break its low and also the wick should be at leat twice the size of the body with no lower wick?

pa wise market sentiment is up and on 4h we are making higher lows also this is the first test of brn
  • #21,815
  • Jul 15, 2013 3:47am Jul 15, 2013 3:47am
Quoting emmanuel7788
EJ 15 Jul LO+2 there is a H1 pullback APB, but not an A+ setup, why? {image}
Been watching this for a long since breakout of Asian range. Haven't entered despite break of Asian H because of last week's H above. (With hidsight, 50 pips was possible.
Regarding the H1 pullback bar, close above the bar's open, yesterday's H and PAC H. APB bar is blue and TDI green above red abobe 50 and MBL. Therefore no short.

Axiom
  • #21,816
  • Jul 15, 2013 3:53am Jul 15, 2013 3:53am
Took a long on EUR / AUD 1h chart. TDI crossed and trend seems going up as well. Currently at -5 pip. TDI still pointing up pretty strong. Hope it's not too bad of a trade.

Should I be concerned about the divergence? It's telling us the up-trend might turn?

I'm on different platform but same method.

edit - anddd the next candle TDI goes flat so existing for -2 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-07-15_1700_EURAUD.png Size: 37 KB
Everything you can imagine, is real - Pablo Picasso
  • #21,817
  • Jul 15, 2013 4:00am Jul 15, 2013 4:00am
Direwolf - click on the paper clip at the top right corner of the page, you can find the posts there. p.
  • #21,818
  • Edited 7:14am Jul 15, 2013 4:06am | Edited 7:14am
Quoting Erol
{quote} Hi Pippo, I was of the understanding chandelier exits are primarily used as a stop loss mechanism to exit from a trending market do you mind elaborating more on how you use this as an entry signal? Cheers.
Hi Erol, I do not use Chandelier as entry signal. I use it as entry filter. When Chand. is below price, Long only. When above, Short only. Using Chand. in this way, on H4 chart, I find I am usually trading with trend on D1 time frame....Pippo
Vincit qui se vincit.
  • #21,819
  • Jul 15, 2013 4:27am Jul 15, 2013 4:27am
Quoting Direwolf
Took a long on EUR / AUD 1h chart. TDI crossed and trend seems going up as well. Currently at -5 pip. TDI still pointing up pretty strong. Hope it's not too bad of a trade. Should I be concerned about the divergence? It's telling us the up-trend might turn? I'm on different platform but same method. edit - anddd the next candle TDI goes flat so existing for -2 pips. {image}

The divergence you pointed out is hidden divergence meaning it is a continuation divergence not a turn in trend.
  • #21,820
  • Jul 15, 2013 4:43am Jul 15, 2013 4:43am
Quoting lastingwell
{quote} The divergence you pointed out is hidden divergence meaning it is a continuation divergence not a turn in trend.
lastingwell,

excellent ... that you pointed this out..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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