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Mastering the Art of Trading

  • #941
  • Oct 2, 2013 12:08pm Oct 2, 2013 12:08pm
Quoting Neytiri
{quote} I am sorry for posting the chart too late.
No issues. Its refreshing to see you break that setup down really well.

g.
I believe . . .
  • #942
  • Oct 2, 2013 12:09pm Oct 2, 2013 12:09pm
Quoting spyderman
Ghous, I'm actually in this Cad/Chf on a 1H pinbar, but looks like it might be setting up for a daily on your style. What are your thoughts? Still too crowded? Thanks1285814 {image}
I am watching this on the daily, it is a little crowded. I have my eyes on a possible daily close above that daily bar low sticking out.

Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.png Size: 25 KB


g.
I believe . . .
  • #943
  • Oct 2, 2013 12:28pm Oct 2, 2013 12:28pm
I couldn't resist it..a small bet on UChf
Enter Signature
  • #944
  • Oct 2, 2013 12:35pm Oct 2, 2013 12:35pm
Quoting ddinnov
{quote} I've got a B/E running on this targeting the low of the range. I factored in 1.14 RN as well as strong trend direction on higher TF's. I actually base traded it off the 150/RN and got taken out by the pin on a news spike last night then re-entered this morning. Let's see how it goes {image}
Hi

I was hesitating to take this trade because of the strong momentum developing on W1.
Thank you for this wonderful thread and for putting our thoughs together.

Cheers
Andreas
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  • #945
  • Oct 2, 2013 12:43pm Oct 2, 2013 12:43pm
Quoting AndreasF
{quote} Hi I was hesitating to take this trade because of the strong momentum developing on W1. Thank you for this wonderful thread and for putting our thoughs together. Cheers Andreas {image}
So why did you take this trade?
  • #946
  • Oct 2, 2013 12:52pm Oct 2, 2013 12:52pm
Quoting cemfx
{quote} So why did you take this trade?
My reasons:

  1. developing fakey on W1
  2. break on trendline on D1
  3. we trade off a demand level on D1
  4. RR 1:2 to next demand level on D1

Cheers
Andreas

Attached Image (click to enlarge)
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  • #947
  • Oct 2, 2013 12:55pm Oct 2, 2013 12:55pm
lot of big hitting speakers coming up. Rosengren and Bernanke. Time to move SL in tight and quit for today.
Enter Signature
  • #948
  • Oct 2, 2013 1:48pm Oct 2, 2013 1:48pm
CADCHF?
Thats a nice one imo.
It's all psychology...
  • #949
  • Edited 6:29pm Oct 2, 2013 5:30pm | Edited 6:29pm
Quoting Neytiri
Hi Ghous and everybody, Here is a point by point explanation - 1. A double bottom pattern has formed on the daily chart. Many traders would have entered long above HHR 2. Nice fakey bar has formed on the 12 hour chart at a major swing high and price is trading away from brn 1.14. Those who had entered long are now faked out. 3. On the 4 hour chart, price is trading away from the 150 ema and has closed below the low of previous support (low of the pinbar) and the consolidation box . 4.Plenty of space. I went short when price closed below the previous...



Thank you Ghous for teaching us this method

Neytiri

p.s. Please ignore the horizontal lines in the image
Attached Image (click to enlarge)
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  • #950
  • Oct 2, 2013 7:21pm Oct 2, 2013 7:21pm
Quoting Neytiri
{quote} Thank you Ghous for teaching us this method Neytiri p.s. Please ignore the horizontal lines in the image {image}
nice one Neytiri.. looked like a great setup to me as well! unfortunately so far i haven't actually been in any of these!
  • #951
  • Oct 2, 2013 8:36pm Oct 2, 2013 8:36pm
Quoting LamerTrader
Where is pinbar?! Steve you alive?
Yeah just about. I am traveling in the beautiful mountain countryside of Benxi in China. Web access is scarce at best here. See you guys next week.
  • #952
  • Oct 2, 2013 9:17pm Oct 2, 2013 9:17pm
Anyone know why the sudden surge in the Euro? Not complaining as it's pushed my EJ up nicely.

IF it continues EC and EU daily HH may get breached
Enter Signature
  • #953
  • Oct 2, 2013 10:32pm Oct 2, 2013 10:32pm
Quoting ghous
{quote} I am watching this on the daily, it is a little crowded. I have my eyes on a possible daily close above that daily bar low sticking out. {image} g.
ghous,

Here now we have fake out setup. But as you mention it didn't close above mentioned level....

Now are we still looking for daily close above of that level or strong H4 close above will be enough to pull the trigger....

KOS
80% effort, 20% luck
  • #954
  • Oct 2, 2013 11:38pm Oct 2, 2013 11:38pm
Quoting raminfx
{quote} nice one Neytiri.. looked like a great setup to me as well! unfortunately so far i haven't actually been in any of these!
Good luck

Neytiri
  • #955
  • Oct 3, 2013 12:34am Oct 3, 2013 12:34am
Quoting LamerTrader
CADCHF? Thats a nice one imo.
Couldn't pull the trigger on the daily as price as price wasn't able to close above 8740.

I am looking forward to a 4H thrust upwards that can possibly take us beyond the 8740 which might then get me interested.

g.
I believe . . .
  • #956
  • Oct 3, 2013 12:35am Oct 3, 2013 12:35am
Quoting Pinbar
{quote} Yeah just about. I am traveling in the beautiful mountain countryside of Benxi in China. Web access is scarce at best here. See you guys next week.
Good stuff! Have fun bro!

g.
I believe . . .
  • #957
  • Oct 3, 2013 12:36am Oct 3, 2013 12:36am
Quoting KOS-fx
{quote} ghous, Here now we have fake out setup. But as you mention it didn't close above mentioned level.... Now are we still looking for daily close above of that level or strong H4 close above will be enough to pull the trigger.... KOS
yes. As I was commenting on a post from lamer trader, I am looking forward to that 4H push.

g,
I believe . . .
  • #958
  • Oct 3, 2013 12:39am Oct 3, 2013 12:39am
This is a trade I am in.

NZD/JPY.

Charts worth a thousand words

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Attached Image (click to enlarge)
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g.
I believe . . .
  • #959
  • Oct 3, 2013 1:27am Oct 3, 2013 1:27am
Quoting ghous
This is a trade I am in. NZD/JPY. Charts worth a thousand words {image} {image} g.
Why do think price will not stall near those bar low levels (see figure) ?

Neytiri
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  • #960
  • Oct 3, 2013 1:53am Oct 3, 2013 1:53am
Quoting ghous
{quote} Couldn't pull the trigger on the daily as price as price wasn't able to close above 8740. I am looking forward to a 4H thrust upwards that can possibly take us beyond the 8740 which might then get me interested. g.
Ahh - you wanted the pinbar to close back? And not even the last bar, but above that other hammer bar? O.o
Okay

Stephen
It's all psychology...
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