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Trading Made Simple

  • #23,261
  • Aug 14, 2013 6:51am Aug 14, 2013 6:51am
both scenerio might play out ...posting some old chart
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  • #23,262
  • Aug 14, 2013 7:34am Aug 14, 2013 7:34am
Anybody bought GU?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,263
  • Aug 14, 2013 7:41am Aug 14, 2013 7:41am
Quoting heispark
Anybody bought GU?

... a lot of people are staying away from GBP pairs till it stops being so volatile
.... laughing all the way to the bank
  • #23,264
  • Aug 14, 2013 7:45am Aug 14, 2013 7:45am
if the next candle doesnt close the blue line , then the tdi setup will be in place ?
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  • #23,265
  • Aug 14, 2013 7:50am Aug 14, 2013 7:50am
Quoting tankokjian
if the next candle doesnt close the blue line , then the tdi setup will be in place ? {image}

I'm waiting for a lower high on M15 before I short EJ
.... laughing all the way to the bank
  • #23,266
  • Aug 14, 2013 8:04am Aug 14, 2013 8:04am
take a nap first , think will take longer to clear up.
  • #23,267
  • Aug 14, 2013 8:11am Aug 14, 2013 8:11am
There are some seriously good people on this thread who have spent a lot of hours teaching newbies on this thread..... thankyou for your precious time.
.... laughing all the way to the bank
  • #23,268
  • Aug 14, 2013 8:11am Aug 14, 2013 8:11am
Quoting itsallover
{quote} ... a lot of people are staying away from GBP pairs till it stops being so volatile
Hum... I guess Phx62 bought GU and already made +50.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,269
  • Aug 14, 2013 8:11am Aug 14, 2013 8:11am
Pfff I took shorts in EJ and UJ at LO and still have the trades open.... I think I shoulg have closed them after the last drop but I was having lunch....
  • #23,270
  • Aug 14, 2013 8:13am Aug 14, 2013 8:13am
Quoting heispark
{quote} Hum... I guess Phx62 bought GU and already made +50.....

everyone except Phx62 should stay away from GBP pairs ...lol
.... laughing all the way to the bank
  • #23,271
  • Aug 14, 2013 8:22am Aug 14, 2013 8:22am
Quoting itsallover
{quote} everyone except Phx62 should stay away from GBP pairs ...lol
[highlight=rgba(255, 255, 255, 0)] [/highlight][highlight=rgba(255, 255, 255, 0)] [/highlight][highlight=rgba(255, 255, 255, 0)] [/highlight][highlight=rgba(255, 255, 255, 0)][/highlight]
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,272
  • Aug 14, 2013 8:59am Aug 14, 2013 8:59am
quite tempted to short EJ.
  • #23,273
  • Aug 14, 2013 9:02am Aug 14, 2013 9:02am
Quoting tankokjian
quite tempted to short EJ.
Can break last H4 low .....?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,274
  • Aug 14, 2013 9:09am Aug 14, 2013 9:09am
EA had a nice down move today but I guess many people had been forced to be exited before this big movement. High spread and abrubt spike make EA less atractive even it has 167 30 day ADR....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,275
  • Aug 14, 2013 9:15am Aug 14, 2013 9:15am
Quoting heispark
{quote} Hum... I guess Phx62 bought GU and already made +50.....
GU +53

Bought after news candle.
- TDI green crossed Yellow and Red and above 50.
- Divergence on TDI
- Down Trendline broken
- Closed after cross of Y High and Fib 61.8 retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD,H1_2013-08-14_16-10-31.jpg Size: 54 KB
  • #23,276
  • Aug 14, 2013 9:21am Aug 14, 2013 9:21am
Quoting Axiom
{quote} GU +53 Bought after news candle. - TDI green crossed Yellow and Red and above 50. - Divergence on TDI - Down Trendline broken - Closed after cross of Y High and Fib 61.8 retracement. {image}

Took same trade with same result, waited 15min after news release and entered.

News candle also:
- bounce from 200ema and h4 resistance.


Bye
  • #23,277
  • Aug 14, 2013 9:22am Aug 14, 2013 9:22am
Quoting Axiom
{quote} GU +53 Bought after news candle. - TDI green crossed Yellow and Red and above 50. - Divergence on TDI - Down Trendline broken - Closed after cross of Y High and Fib 61.8 retracement. {image}
[highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight]
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,278
  • Aug 14, 2013 9:32am Aug 14, 2013 9:32am
Quoting heispark
{quote} Hum... I guess Phx62 bought GU and already made +50.....
Or +100 ?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,279
  • Edited 9:37am Aug 14, 2013 9:33am | Edited 9:37am
Quoting Bordy
{quote} Took same trade with same result, waited 15min after news release and entered. News candle also: - bounce from 200ema and h4 resistance. Bye
Bordy

Reviewing the trade, a better and more certain entry could have been made on the M15 on the 13:30 GMT candle:
- Green crossed red again on second blue candle.
- Price found some support on 200ema and Fib 23.6 retracement.

We live and learn.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD,M15_2013-08-14_16-31-51.jpg Size: 101 KB
  • #23,280
  • Aug 14, 2013 9:42am Aug 14, 2013 9:42am
Quoting Axiom
{quote} Bordy Reviewing the trade, a better and more certain entry could have been made on the M15 on the 13:30 GMT candle: - Green crossed red again on second blue candle. - Price found some support on 200ema and Fib 23.6 retracement. We live and learn. {image}

Yes absolutely...but who new that the price would retrace till the 200ema (m15) and not just continue because of news release?
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