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  • #22,381
  • Jul 24, 2013 11:58pm Jul 24, 2013 11:58pm
EU just as frankfurt opened, the level 1.3215 is still holding as resistance.
the next level above to watch is 1.3225 region should LO move higher.
those in H1 buy trade will tighten stops not giving too much back to the market.
the D1 retracement is still running.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,382
  • Jul 24, 2013 11:59pm Jul 24, 2013 11:59pm
German Ifo business climate coming in 1 h, and GDP for the pound in 1,5 hours.
Last time this pound indicator moved the market 150 pips. Will be watching it closely, maybe placing a pending order or 2.
  • #22,383
  • Jul 25, 2013 12:32am Jul 25, 2013 12:32am
emmanuel, can you please tell me what is the 1,3215 resistance in EU ? Is it a Monthyl Open/Close or what exactly?

Regards,
FX94
  • #22,384
  • Jul 25, 2013 1:15am Jul 25, 2013 1:15am
Try subscribing the daily Youtube videos provided by ForexPeaceArmy. Very good at learning price action. Seach for Forexpeacearmy or Sive Morten in Youtube and subscribe it.

Evryday new vedio comes about an hour before LO.

Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,385
  • Jul 25, 2013 1:53am Jul 25, 2013 1:53am
Quoting Fx94
emmanuel, can you please tell me what is the 1,3215 resistance in EU ? Is it a Monthyl Open/Close or what exactly? Regards, FX94
I believe it's the Prev D Fib 50%
  • #22,386
  • Jul 25, 2013 3:09am Jul 25, 2013 3:09am
high volatility as expected with tier one data release.

so let me see how many of you traded today, please post your charts .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,387
  • Jul 25, 2013 3:20am Jul 25, 2013 3:20am
Quoting emmanuel7788
{quote} Hi fx light, Looking at your chart, I see that you entered this trade rather late on H1. Remember, H1 trading is more PA than TDI cross as entry. A good PA entry would have been the second blue APB as it closed strong and above the last few candles high. In this situation, both the TDI and Stoch are in your favour. You have RN 1.3200 which you can see it was tested during the last NY session. You know the primary trend is still UP. Yesterdays D1 candle is red, so you are trading the retracement of the D1 candle. When you trade H1 which I...
Thank you Mr Emmanuel.
Lucky for me, price hit my Take profit before going down drastically..now i have observed what you noted. H1 is more PA based. i dont have those pivot and fib D tool but i have the grid10. please can you attach them so i can know my resistances and support areas. i dont know what the 1.3215 levels are but if PA didnt touch it i would have lost the trade.
i am the lord that giveth thee power to create wealth.
  • #22,388
  • Jul 25, 2013 4:09am Jul 25, 2013 4:09am
Quoting emmanuel7788
high volatility as expected with tier one data release. so let me see how many of you traded today, please post your charts .
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 1h.jpg Size: 146 KB
Click to Enlarge Name: eurusd4h.JPG Size: 60 KB
  • #22,389
  • Jul 25, 2013 4:10am Jul 25, 2013 4:10am
Prev Day Fibo
Prev Week Fibo
BN Levels

Here are all the indicators I use for H1 intraday and 4H swing trading.
Attached File(s)
File Type: ex4 #Fibo Prev Day.ex4   8 KB | 1,990 downloads
File Type: ex4 #Fibo Prev Week.ex4   8 KB | 1,761 downloads
File Type: ex4 BN Levels v1.02.ex4   15 KB | 2,499 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,390
  • Jul 25, 2013 4:12am Jul 25, 2013 4:12am
Quoting thomi
{quote} . {image} {image}

thomi,

thanks for posting.
nice chart.
my charts look exactly like yours.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,391
  • Edited 5:15am Jul 25, 2013 4:16am | Edited 5:15am
Quoting heispark
Try subscribing the daily Youtube videos provided by ForexPeaceArmy. Very good at learning price action. Seach for Forexpeacearmy or Sive Morten in Youtube and subscribe it. Evryday new vedio comes about an hour before LO. http://youtu.be/wpcF3neUzUw

good to watch Sive Morten do his weekly analysis.

he use DiNapoli fib nodes with a top down approach weekly, daily, 4H, H1 ...

fib node confluence is great for looking for high probability trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,392
  • Jul 25, 2013 4:23am Jul 25, 2013 4:23am
EU support and resistance for intraday trading ...
Attached Image (click to enlarge)
Click to Enlarge Name: EU CONFLUENCE 25-7-2013 7-17-12 PM.png Size: 95 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,393
  • Jul 25, 2013 4:25am Jul 25, 2013 4:25am
Quoting 1kato
{quote} I believe it's the Prev D Fib 50%
thanks for posting and answering my question.
this is the type participation which is important to learning.

your belief is true ... trade what you see , its real.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,394
  • Jul 25, 2013 4:30am Jul 25, 2013 4:30am
Quoting Fx94
emmanuel, can you please tell me what is the 1,3215 resistance in EU ? Is it a Monthyl Open/Close or what exactly? Regards, FX94

I don't see any recent month OHLC near there ....
read my post carefully and the answer was in there ...

trading is a thinking game, sometimes it is riddle solving and thought provoking.
I drop hints in my posts. If you get it you got it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,395
  • Jul 25, 2013 5:31am Jul 25, 2013 5:31am
Guys, please I just wanna ask if I could adapt the TDI strategy for lower time frames like the M30?
Fred
  • #22,396
  • Jul 25, 2013 5:34am Jul 25, 2013 5:34am
Truthfully, trading scares the shit out of me but I am ready to master it with any help I can receive from you masters.
Fred
  • #22,397
  • Jul 25, 2013 5:47am Jul 25, 2013 5:47am
Chronos,

I don't post often but I really need to explain something... your previous post said "Guys, please I just wanna ask if I could adapt the TDI strategy for lower time frames like the M30?", then you say "Truthfully, trading scares the shit out of me but I am ready to master it with any help I can receive from you masters."

The posts contradict each other, the reason this system is on higher TF's is to remove this fear, giving time to make decisions, using good money management, learning to control emotions and many many more...

You cannot do this on M30, I am not saying you cannot trade M30, I am saying that you cannot overcome the fear you have by trading M30.

Follow the system as outlined, then and only then can you look at lower Timeframes.

Kind regards
RM
  • #22,398
  • Jul 25, 2013 6:36am Jul 25, 2013 6:36am
Many thanks for your kind reply, Retireme
I shall give it a shot....and build my confidence along. It will take sometime to get there, undoubtedly, but I shall post my progress here that my trades may be examined or scrutinized for constructive criticism.
Fred
  • #22,399
  • Jul 25, 2013 6:37am Jul 25, 2013 6:37am
Quoting Chronus
Truthfully, trading scares the shit out of me but I am ready to master it with any help I can receive from you masters.
You need not be afraid just back off the 30m and focus on 4h chart your confidence will be high
  • #22,400
  • Jul 25, 2013 7:12am Jul 25, 2013 7:12am
Thanks Oseto. That is my first mission in trading. Like Retireme rightly suggested, I shall go through the system and follow the rules to the letter. Thanks to Andyvix for providing the pdf of Big Eric's posts..it sure will make it easier to go through in no time.
Fred
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