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  • #25,301
  • Sep 19, 2013 11:43am Sep 19, 2013 11:43am
well took this trade on the close of the candle which is marked. TDI had crossed much earlier but the candles were small.
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Come tomorrow, I'll wake up new
  • #25,302
  • Sep 19, 2013 1:40pm Sep 19, 2013 1:40pm
Quoting munirpt
{quote} Hi Scorps I have my ABCD drawn a bit differently Price is about to reach a potential target. 50% retracement often leads to 141% extension. Great profit targets can be identified when you have confluence of these levels with SR levels. In this case, i cant see any so would get out of the trade at 141% level(some pips below). Cheers Munir {image}
Thanks and good point Munir about how 50% Feb Retracement often leads to 141.2% Ext

Its just I use 138.2 ext instead of 141.2 as I am learning harmonic moves from other thread where 138.2 ext is used, but I will look 141.2 since its the common used ext

Thanks for you help as always , much appreciated

I have viewed and study the video you provided earlier, its a lot to do since its new to me, but am welling to get the hang of it, and hope to incorporate that into TMS
I Have Learned to Take Some Losses to Make Profits
  • #25,303
  • Sep 19, 2013 2:31pm Sep 19, 2013 2:31pm
Quoting emmanuel7788
{quote} Listening to what BoJ Kuroda said, EJ may hit 139.00 by year end.
You are right. thats the next logical level i see on a long term basis
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  • #25,304
  • Sep 19, 2013 3:09pm Sep 19, 2013 3:09pm
Quoting thrax
Hi, my only trade this week on EURJPY. Reasons for enter: 1. Trading Time Frame MA bullish 2. Bullish TDI cross 3. MBL above 50 4. Price closed above the narrower channell 5. Price in a rising cahnnel (the wider one) TP1: 2 ATR(7) TP2: just below of the previous week's range Fib 138.2 TP3: jus below of the preious week's range Fib 161.8 take care, thrax {image}

well done
  • #25,305
  • Sep 19, 2013 4:54pm Sep 19, 2013 4:54pm
EURCAD week 38 D trade:

As planned I have been stalking EURAUD, EURCAD and EURNZD this week.
Took this EURCAD trade with potential CONSOLIDATION breakout seen using the Master Candles.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 38 D trade20-9-2013 5-48-39 AM.png Size: 18 KB


Trade is now BE, will think of add-on positions later when setup occur in lower TF.

Targeting a 4R trade run.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,306
  • Sep 19, 2013 5:03pm Sep 19, 2013 5:03pm
EURAUD D potential:

Attached Image (click to enlarge)
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Looking at LTF entry and build positions.

Caution, it is or will be Friday and Germany Federal Elections this weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,307
  • Sep 19, 2013 5:12pm Sep 19, 2013 5:12pm
Quoting munirpt
{quote} You are right. thats the next logical level i see on a long term basis {image}
... checked Yen strength and target inflation at 2%...

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timeframe? (writing on the wall)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,308
  • Sep 19, 2013 5:29pm Sep 19, 2013 5:29pm
Quoting ogunx
I am eyeing USD/CAD Daily is about to hit the resistance ema 200 4hour is preparing to turn back up north and 1 hour is on the 3rd blue candle long term trend is up so what you guys thinking ?? {image} {image} {image}

Hi ogunx,

Nice top down analysis.

My view: we see a bullish LTF move, but must manage the buy trades as there is no bullish reversal yet.
The MN down momentum still strong, but there will be some pullback before the MN closes.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD W1 view 20-9-2013 6-23-53 AM.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,309
  • Sep 19, 2013 6:23pm Sep 19, 2013 6:23pm
Thanks for the chart Emmanuel seems like 2688 is key I am trying to keep an enough Gap for trade to breath tomorrow morning will be very erratic due to a core CPI data hopefully will be negative so I can even double my winnings but the bed news is I cant keep my trade over the weekend there might be some gaps openings against me then my broker will not honor my SL beside that its a big of a ride all the way to 3500 area, its an important trade for me so I can finish the week strong and go above my percentage monthly goal, I am already happy about it.
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Nothing is True Everything is Permitted
  • #25,310
  • Sep 19, 2013 6:56pm Sep 19, 2013 6:56pm
Hi Traders!
I was in an eu long trade yesterday, but with all the news talk , I didn't have the guts to stay
in and exited for a few + pips before fomc. Even with the chart telling me long , I felt it like a gamble to
stay in.
I noticed eu/cad Daily gave a nice TDI cross to the upside a few days back, and waited for fomc to come out.
After the news made the move I waited for a pullback on M15 and entered the trade. D1 close was around the corner, and D1 PA showed
more potential to the upside with TDI green bouncing and red sloping steeply up. I kept the trade open and closed today in US
session. 3 trades +181 pips
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If you're going through hell, keep going. Winston Churchill
  • #25,311
  • Sep 19, 2013 7:08pm Sep 19, 2013 7:08pm
One more trade today , opened in US session on gu M15.
PA started to slow down around +30 pips, and I exited, later it moved to the full 50 pips
which was my target at 200ema.
Previously in Lo session it made a 50-60pip swing down had a nice retrace/consolidation
with two double top candles, entered when TDI green was crossing over yellow and red sloping down
nicely.
Attached Image (click to enlarge)
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If you're going through hell, keep going. Winston Churchill
  • #25,312
  • Sep 19, 2013 7:13pm Sep 19, 2013 7:13pm
Quoting Imi
One more trade today , opened in US session on gu M15. PA started to slow down around +30 pips, and I exited, later it moved to the full 50 pips which was my target at 200ema. Previously in Lo session it made a 50-60pip swing down had a nice retrace/consolidation with two double top candles, entered when TDI green was crossing over yellow and red sloping down nicely. {image}
great trade ! as long as you dont turn your winner to looser its ok but you know it was moving thru 200ema even the feeling to be right is satisfying
Nothing is True Everything is Permitted
  • #25,313
  • Sep 19, 2013 7:39pm Sep 19, 2013 7:39pm
Here is an exercise to learn, practice and train your 'third eye' for trading....

Attached Image (click to enlarge)
Click to Enlarge Name: GU week 38 exercise.png Size: 26 KB


be prepared for some weekend exercise ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,314
  • Sep 19, 2013 7:58pm Sep 19, 2013 7:58pm
Good morning Emmanuel !

I want to ask you if you draw SR weekly and Monthly manually or is an indicator ?

I like your MM see post 25308 up, is it fibonacci expansion ?

can you share your template or explain the setup.

thank you
Quoting emmanuel7788
Here is an exercise to learn, practice and train your 'third eye' for trading.... {image} be prepared for some weekend exercise ....
  • #25,315
  • Edited 10:53pm Sep 19, 2013 10:35pm | Edited 10:53pm
Quoting emmanuel7788
{quote} Yes, Done.
Regarding the EA, that's incredible!
Is it available to public?

Editted.

Found it! Is it the xTDI Cross-EA?
With the Traders_Dynamic_Index.mq4 under expert>indicators?

Still figuring how to run it.
  • #25,316
  • Sep 19, 2013 11:41pm Sep 19, 2013 11:41pm
Quoting emmanuel7788
Here is an exercise to learn, practice and train your 'third eye' for trading.... {image} be prepared for some weekend exercise ....
Right Skew I guess Emmanuel, have been back testing since yesterday, with other candle pattern formation

I have a question for PHX62 , sir when I read your posts, I see that you take trades when PA test the high or the low of London Session and fail to break , then the setup candle change color to opposite color, I'm not sure if TDI would cross in this case yet, because an aggressive entry is taken on the pullback from the high or the law especially after like 3 test in the m15 or 2 hours in H1

Can you share some thoughts and hints in this regards, I would like to test this even more and come up with rule for my trading plan
I Have Learned to Take Some Losses to Make Profits
  • #25,317
  • Sep 19, 2013 11:56pm Sep 19, 2013 11:56pm
Hi guys, what do you all think abt this set up?
Attached Image (click to enlarge)
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  • #25,318
  • Sep 20, 2013 12:03am Sep 20, 2013 12:03am
Master Candles on H4:

Several H4 MCs seen in JPY pairs and also XAUUSD.

See if you see them on your charts and plan you trades.

Post your charts please if you have questions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,319
  • Sep 20, 2013 12:05am Sep 20, 2013 12:05am
Quoting Wqiang
Hi guys, what do you all think abt this set up? {image}

What do I think?
Sometimes the market makers set you up.... be careful!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,320
  • Sep 20, 2013 12:09am Sep 20, 2013 12:09am
Quoting ForexTeam
Good morning Emmanuel ! I want to ask you if you draw SR weekly and Monthly manually or is an indicator ? I like your MM see post 25308 up, is it fibonacci expansion ? can you share your template or explain the setup. thank you {quote}

Hi ForexTeam

1) I draw the historical support and resistance manually using the swing levels seen using Line Chart (Close price) on MN and W1 charts TF.

2) Post 25308 trade levels are done using scripts. Posted in this thread. It is use to manage trades exits using R-Multiple method.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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