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  • #24,601
  • Sep 4, 2013 11:20am Sep 4, 2013 11:20am
Quoting farhad10
A good sample of BUY entry! ( E/U H4 ) Good angle & MBL is Broken! {image}
ADR nearly hit, do not chase the price. Actual, I already in this trade for 30pip+
  • #24,602
  • Sep 4, 2013 11:42am Sep 4, 2013 11:42am
Quoting Pervis
{quote} ADR nearly hit, do not chase the price. Actual, I already in this trade for 30pip+

Nice!
I closed my trade too.
Gonna look for another entry tomorrow!
  • #24,603
  • Sep 4, 2013 11:49am Sep 4, 2013 11:49am
Quoting Pervis
{quote} ADR nearly hit, do not chase the price. Actual, I already in this trade for 30pip+
guys what is ADR? where can i get it?
Come tomorrow, I'll wake up new
  • #24,604
  • Sep 4, 2013 11:59am Sep 4, 2013 11:59am
Quoting farhad10
A good sample of BUY entry! ( E/U H4 ) Good angle & MBL is Broken! {image}
Farhad,
Can you please post that support and resistance indicator.
  • #24,605
  • Sep 4, 2013 12:36pm Sep 4, 2013 12:36pm
Quoting tixy
{quote} Farhad, Can you please post that support and resistance indicator.
farhad uses the barry S&R. here you go
Attached File(s)
File Type: mq4 Support and Resistance (Barry).mq4   2 KB | 546 downloads
Come tomorrow, I'll wake up new
  • #24,606
  • Sep 4, 2013 1:00pm Sep 4, 2013 1:00pm
One EJ H1 trade and one GU H1 trade today on live acct......also I am learning the gold market.....had a very nice gold trade on demo.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.9.4 ej h1.png Size: 63 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.9.4 gu h1.png Size: 46 KB
  • #24,607
  • Sep 4, 2013 1:04pm Sep 4, 2013 1:04pm
Quoting emmanuel7788
EJ week 36 - 4 Sep NY {image} Refer to chart above: EJ is in consolidation (shaded grey box). Will be looking trade the breakout of this grey box.
Hi Emmanuel is it possible to forecast the direction of breakout? Regards
Partha Roy
  • #24,608
  • Sep 4, 2013 1:05pm Sep 4, 2013 1:05pm
do i see a upward channel on EU/JPY!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
Come tomorrow, I'll wake up new
  • #24,609
  • Sep 4, 2013 1:34pm Sep 4, 2013 1:34pm
Quoting gsbharaj
do i see a upward channel on EU/JPY!!! {image}
The upper trendline does not connect two swing highs, this is not a nice channel. Maybe you should read http://www.babypips.com/school/channels.
  • #24,610
  • Sep 4, 2013 1:37pm Sep 4, 2013 1:37pm
the AUD/USD is at a weekly resistance zone and just bounced off the weekly fib 181%. the stochs are in the overbought area. so do you think that the tomorrow trade balance create the push up or the pull down...watch out for it!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
Click to Enlarge Name: Screenshot2.png Size: 40 KB
Come tomorrow, I'll wake up new
  • #24,611
  • Sep 4, 2013 1:42pm Sep 4, 2013 1:42pm
Quoting Dabbeljoe
{quote} The upper trendline does not connect two swing highs, this is not a nice channel. Maybe you should read http://www.babypips.com/school/channels.
thats the exact reason i am posting my charts. need to learn from you guys a lot
Come tomorrow, I'll wake up new
  • #24,612
  • Sep 4, 2013 1:51pm Sep 4, 2013 1:51pm
Quoting gsbharaj
{quote} thats the exact reason i am posting my charts. need to learn from you guys a lot
I think you will learn a lot more if you first study the babypips school very thoroughly. You need to learn a lot of the basic stuff first before you can start trading. Really, it takes a lot of time, but this is the best thing you can do. You can ask all the basics here, but that's not the way to learn well.

Learn first, practice later, trade last.
  • #24,613
  • Sep 4, 2013 2:32pm Sep 4, 2013 2:32pm
Hi,
3 good trades today, placed in the morning. Following the rules paid once again!
I was wondering if someone could suggest/share a quality book on psychology of trading(other than "Trading in the zone")? I'm concerned on this as I am preparing to open a live account...will the demo acct. success sustain?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcadh1.png Size: 34 KB
Click to Enlarge Name: eurnzdh1-4sept13.png Size: 35 KB
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  • #24,614
  • Sep 4, 2013 2:36pm Sep 4, 2013 2:36pm
Quoting tixy
{quote} Farhad, Can you please post that support and resistance indicator.
Hi tixy;


I don't use any indicator for supp/Res.

I myself recognize them and then draw it by Horizontal line. ( It is simple by looking at the charts )
I think that the indicator in my pic isn't a good one and I try not to use them any more!
You can practice more to find them by yourself!


But u can use the indicators in attachments and also that one gsbharaj attached.


Best regards
  • #24,615
  • Sep 4, 2013 2:52pm Sep 4, 2013 2:52pm
Quoting gsbharaj
do i see a upward channel on EU/JPY!!! {image}

Dear gsbharaj;

Look at the pic:


When the candles Goes out of the Channel then u should expect that it goes to nearest supp or Res ( to appear a change of polarity condition ) HORIZONTAL RED LINE
If break it's target is PINK LINE


Then if PA couldn't break it then it pulls back to the target of nearest RES that is WHITE LINE


Then if it breaks, u should expect PA to go toward next RES that is YELLOW LINE


Then if it breaks, u should expect PA to go to BLUE LINE


So if all above didn't occur, Then it goes downward!


It is the best way to live with PA!


Try it yourself to learn more and more!


Regards
Attached Image (click to enlarge)
Click to Enlarge Name: 132321.JPG Size: 66 KB
  • #24,616
  • Sep 4, 2013 3:14pm Sep 4, 2013 3:14pm
Quoting farhad10
{quote} Dear gsbharaj; Look at the pic: When the candles Goes out of the Channel then u should expect that it goes to nearest supp or Res ( to appear a change of polarity condition ) HORIZONTAL RED LINE If break it's target is PINK LINE Then if PA couldn't break it then it pulls back to the target of nearest RES that is WHITE LINE Then if it breaks, u should expect PA to go toward next RES that is YELLOW LINE Then if it breaks, u should expect PA to go to BLUE LINE So if all above didn't occur, Then it goes downward! It is the best way to live with...
thank you farhad for the insight....i have put my trading on hold till i become confident about the support and the resistance levels.
Come tomorrow, I'll wake up new
  • #24,617
  • Sep 4, 2013 3:15pm Sep 4, 2013 3:15pm
Quoting Phx62
One EJ H1 trade and one GU H1 trade today on live acct......also I am learning the gold market.....had a very nice gold trade on demo.....{image}{image}
Inspiring as usual phx62, for the GBP trade, what made you pull the trigger to go long? The tdi was above the MBL and the price did break past the last 10 candles or so, but the candle you entered at was a pullback. In which situations would you consider pullback a reversal signal? Or did you enter during the beginning of the candle and price went up then back down but you decided to stay in the trade?

Thanks
  • #24,618
  • Sep 4, 2013 3:35pm Sep 4, 2013 3:35pm
Quoting tenmilewalk
{quote} Inspiring as usual phx62, for the GBP trade, what made you pull the trigger to go long? The tdi was above the MBL and the price did break past the last 10 candles or so, but the candle you entered at was a pullback. In which situations would you consider pullback a reversal signal? Or did you enter during the beginning of the candle and price went up then back down but you decided to stay in the trade? Thanks
I watched the setup candle close above the Asian high with the TDI green over red over yellow. Then at LO, I entered long following the open of that candle. The pullback on that candle occurred after I entered. The trade did not really take off until after the GBP news, an hour an a half after I entered. I was prepared to close the trade if news pushed price down. I had already moved my SL to just below the low of the Asian session. Price continued long, so the TP was hit.
  • #24,619
  • Sep 4, 2013 4:09pm Sep 4, 2013 4:09pm
Quoting Phx62
{quote} I watched the setup candle close above the Asian high with the TDI green over red over yellow. Then at LO, I entered long following the open of that candle. The pullback on that candle occurred after I entered. The trade did not really take off until after the GBP news, an hour an a half after I entered. I was prepared to close the trade if news pushed price down. I had already moved my SL to just below the low of the Asian session. Price continued long, so the TP was hit.
thank you
  • #24,620
  • Sep 4, 2013 4:40pm Sep 4, 2013 4:40pm
Quoting gsbharaj
{quote} thats the exact reason i am posting my charts. need to learn from you guys a lot
Good practice for you to post charts......

We all benefit from your charting and questions and the answers.

Thanks

daveM
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