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  • #23,241
  • Aug 14, 2013 3:47am Aug 14, 2013 3:47am
dear friends

how can we find out that these cross over are fake or weak?

on the chart blue candle is upper than the MA and on the indicator green crosses red!

thank u all
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  • #23,242
  • Aug 14, 2013 3:56am Aug 14, 2013 3:56am
Good morning everyone !

Had a little question; does anybody have the '#Fibo previous Week' indicator but not in EX4 ? The reason is that I would like the indicator to show the levels only for the current week .. levels for the past weeks are only filling up my charts and making it less clear ... thanks !
Don’t ever let someone tell you that you can’t do something.
  • #23,243
  • Aug 14, 2013 4:03am Aug 14, 2013 4:03am
Quoting farhad10
dear friends how can we find out that these cross over are fake or weak? on the chart blue candle is upper than the MA and on the indicator green crosses red! thank u all {image}
it's hard to know for sure but you have some indications The spots you marked on you TDI have crosses, some with better angles than others. There was a solid downtrend so going long would be counter trend witch is always riskier. A reversal is possible but you need more than just a TDI cross to confirm a possible reversal. ( Divergence + Solid support for example ) Those little blue candle retreaces where just the bears taking a little break to push it down further If the signal is strong and everything is looking good you can enter on candle 3 .. but again it's riskier I wouldn't short there to be honnest market has consolidated a bit, i see divergence on the TDI

Happy trading
Don’t ever let someone tell you that you can’t do something.
  • #23,244
  • Aug 14, 2013 4:11am Aug 14, 2013 4:11am
Quoting emmanuel7788
{quote}I had posted Big Picture planning before but there was very little interest so I stopped doing it on weekly basis. I see most traders are more interested in H1 trading for obvious reason as it is seen as fast money and more trades opportunities.

Your Big Picture planning presentations where awesome ! I learned a lot from it and I am stil trying to make my BPP for every pair I will trade every saterday or sunday on H4

H4 is perfect to trade because it's relaxing, you can combine it with work or studies .. Somethimes a bit slow when you have the time to trade I hope to master both H4 and H1 one day
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Don’t ever let someone tell you that you can’t do something.
  • #23,245
  • Aug 14, 2013 4:19am Aug 14, 2013 4:19am
See divergence
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Persian Gulf forever
  • #23,246
  • Aug 14, 2013 4:25am Aug 14, 2013 4:25am
Quoting parsfx
See divergence {image}
Hi, I also saw what you are pointing and entered short in the first red candle, looking for it in M15, but seems that it's taking it's time to drop. I also noticed that the price can not overtake yesterday's high and weekly R1.
Let's see where ot goes. I also took a short in uj for the same reasons. Anyway, don't expect to move so far as this are counter trend trades.
  • #23,247
  • Edited 4:59am Aug 14, 2013 4:30am | Edited 4:59am
Quoting Armacom
{quote} it's hard to know for sure but you have some indications The spots you marked on you TDI have crosses, some with better angles than others. There was a solid downtrend so going long would be counter trend witch is always riskier. A reversal is possible but you need more than just a TDI cross to confirm a possible reversal. ( Divergence + Solid support for example ) Those little blue candle retreaces where just the bears taking a little break to push it down further If the signal is strong and everything is looking good you can enter...
thanks for ur help


As i observed charts in these days, i think the safest trading is on H4 TF


Sometimes, H1 trend is opposite of H4! what does it mean?! should we rely on H1 TF or H4 TF?!
  • #23,248
  • Aug 14, 2013 4:55am Aug 14, 2013 4:55am
Quoting parsfx
See divergence {image}
can you plss shhare or pm me that yesterday's high/low indicator? ty
  • #23,249
  • Aug 14, 2013 5:00am Aug 14, 2013 5:00am
just went short GBPJPY with 100pips stop 120pips target. few reasons (not as strong as id like them to be) noted below:
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  • #23,250
  • Aug 14, 2013 5:04am Aug 14, 2013 5:04am
Quoting kwonkicker
{quote} can you plss shhare or pm me that yesterday's high/low indicator? ty
It's in this post : http://www.forexfactory.com/showthre...48#post6888348
Don’t ever let someone tell you that you can’t do something.
  • #23,251
  • Aug 14, 2013 5:06am Aug 14, 2013 5:06am
Quoting kwonkicker
{quote} can you plss shhare or pm me that yesterday's high/low indicator? ty
Here you are.
Attached File(s)
File Type: ex4 Yesterday High & Low.ex4   4 KB | 359 downloads
  • #23,252
  • Aug 14, 2013 5:10am Aug 14, 2013 5:10am
Quoting kwonkicker
just went short GBPJPY with 100pips stop 120pips target. few reasons (not as strong as id like them to be) noted below: {image}
No real cross of TDI on my platform,, daily and weekly are bullish if i remember correctly, i see resistance underneath it and Emmanuel advised to consentrate on the non-GBP pairs ... and he knows what he is talking abaout, GBP pairs are acting very strange with spikes up and down for no apparent reason
Don’t ever let someone tell you that you can’t do something.
  • #23,253
  • Aug 14, 2013 5:23am Aug 14, 2013 5:23am
Quoting farhad10
{quote} thanks for ur help As i observed charts in these days, i think the safest trading is on H4 TF Sometimes, H1 trend is opposite of H4! what does it mean?! should we rely on H1 TF or H4 TF?!
When you are a beginner the easiest is to start with 4H.
Reasons :
1. More time between every candle to think about your next move or to analyze the market
2. Margins for errors are bigger, you need to be less accurate in entry and exit. Even if you miss your entry a little that's less of a problem with the higher timeframe ! You can still be profitable
3. On H1 trading, reading Price Action is crucial, less on 4H .. being good at reading price action is harder than the rest
4. Less stress

You should act with the signals of the timeframe you are trading with and use higher timeframes for bullish or bearish bias and support and resistance

Good luck friend !
Don’t ever let someone tell you that you can’t do something.
  • #23,254
  • Aug 14, 2013 6:05am Aug 14, 2013 6:05am
Quoting Armacom
{quote} When you are a beginner the easiest is to start with 4H. Reasons : 1. More time between every candle to think about your next move or to analyze the market 2. Margins for errors are bigger, you need to be less accurate in entry and exit. Even if you miss your entry a little that's less of a problem with the higher timeframe ! You can still be profitable 3. On H1 trading, reading Price Action is crucial, less on 4H .. being good at reading price action is harder than the rest 4. Less stress You should act with the signals of the timeframe...
thank u so much

I appreciate Ur advices
helped me a lot

best regards
  • #23,255
  • Aug 14, 2013 6:16am Aug 14, 2013 6:16am
still waiting for the buy order for EJ,
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  • #23,256
  • Aug 14, 2013 6:18am Aug 14, 2013 6:18am
Quoting tankokjian
still waiting for the buy order for EJ, {image}
You mean sell no ?
Don’t ever let someone tell you that you can’t do something.
  • #23,257
  • Aug 14, 2013 6:20am Aug 14, 2013 6:20am
Quoting parsfx
See divergence {image}
one divergence ended the other follows.
  • #23,258
  • Aug 14, 2013 6:23am Aug 14, 2013 6:23am
Quoting Armacom
{quote} You mean sell no ?
or a double rejection at 130.60.
  • #23,259
  • Aug 14, 2013 6:29am Aug 14, 2013 6:29am
Quoting tankokjian
{quote} no i mean buy, i only sell if i see the candle closes below 70 and rejection which i dont think will happen.. wait for TDI .
Ok i'm sorry, it's because i'm biased to the bearish side
Maybe it will push a little higher, but i have a feeling the downturn is close ..
Don’t ever let someone tell you that you can’t do something.
  • #23,260
  • Aug 14, 2013 6:44am Aug 14, 2013 6:44am
Quoting Armacom
{quote} Ok i'm sorry, it's because i'm biased to the bearish side Maybe it will push a little higher, but i have a feeling the downturn is close ..

both direction is likely , but i think will take more than a day to clear up. i dont think u would want to sell in the middle of a uptrend.
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