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  • #26,121
  • Oct 10, 2013 6:17am Oct 10, 2013 6:17am
Quoting vtayha
Two trades strictly H1 entry with TDI cross and PA. Risk is both are CT against H4 and D. TP1 set at 30pips with BE move. TP2 set at 50pips tentative. JSL set to 30pips after BE. {image} {image}
After a bloody long wait, GU looks finally starts moving....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #26,122
  • Oct 10, 2013 6:23am Oct 10, 2013 6:23am
Eu still open let see news US
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  • #26,123
  • Oct 10, 2013 6:24am Oct 10, 2013 6:24am
Quoting heispark
{quote} After a bloody long wait, GU looks finally starts moving....
Yes, quite long waiting.
We are in yesterDay' shadow, market afraid to buy in the shadow except for smart money.
  • #26,124
  • Oct 10, 2013 6:31am Oct 10, 2013 6:31am
Quoting Armacom
{quote} Trend is bullish, but you could place a short order for a little retrace .. your entry is a bit early though IMHO {image}
Thanks for the insight. I have exited for a small loss.....

back to the drawing board.
The market pays you to be disciplined
  • #26,125
  • Oct 10, 2013 6:40am Oct 10, 2013 6:40am
Quoting vtayha
{quote} Yes, quite long waiting. We are in yesterDay' shadow, market afraid to buy in the shadow except for smart money.
Considering 200 pips movement of yesterday, i may better cut TP reasonably short.... Let see how it plays out.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #26,126
  • Oct 10, 2013 7:01am Oct 10, 2013 7:01am
Quoting heispark
{quote} After a bloody long wait, GU looks finally starts moving....
Yes, it's moving, let's see if PA can break this resistance
Attached Image (click to enlarge)
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  • #26,127
  • Oct 10, 2013 7:22am Oct 10, 2013 7:22am
Quoting lastingwell
{quote} I was a bit more cautious, waited till m15 closed above the 62ema, had it set to move to breakeven when price arrived around the bottom of the weekly trendline (khaki) then just left it to see if it would push through and it did, it had missed my breakeven point by 9 pips or so and carried on up. {image}
nice job LW
.... laughing all the way to the bank
  • #26,128
  • Oct 10, 2013 7:28am Oct 10, 2013 7:28am
Quoting TraderInc
Good morning Beautiful People, I just took a trade on AJ. I always find this pair movement very jerky. Anyone trading this pair often? It will be enriching to hear from your experiences. {image}

Possible short on 1H AJ now with bearish divergence and green crossing red on the tdi?

http://charts.mql5.com/2/729/audjpys...fx-fx-cfds.png
  • #26,129
  • Oct 10, 2013 7:37am Oct 10, 2013 7:37am
Quoting TheScorpS
{quote} This was a perfect right skew trade as Rick of the pro trader network explained, Correction swing on the down trend is up, abcd completion, PA retraced back to feb 23 which is a shallow retrace Entry again 1 pip above the high of the setup candle, PA first try to conceal our eyes, TDI crossing down, double top of previous 2 candles, so almost good setup to short, then only PA continue its way up Now pa is forming a nice Gartley for going short at around 133.00 , lets see {image}

Hi TheScorps,

I was also very interested in those patterns but just found my head expoding with so much info on top of the info I already posses, I find that pa, sr and the tdi crosses with apb colour change also give you the same entries.

But if its working out then good luck to you.
  • #26,130
  • Oct 10, 2013 7:52am Oct 10, 2013 7:52am
Quoting adamjhdavis
{quote} Possible short on 1H AJ now with bearish divergence and green crossing red on the tdi? {image}

possibly soon. i see a contraction in the market as well as the TDI but i would wait to see it break out of both as it goes down because that is safer and will be a bigger move IMHO. All is pointing down for this pair and it is nice to get in early IF it makes that move so if going in now, do so with caution and watch when it hits the lower line for signs of reversing back up. If it breaks thru that is good and then confirm with it staying under there with maybe a small retrace back to lower contraction level and then down which then protects the early entry if you took it. If not in early, then go in at that time.
  • #26,131
  • Oct 10, 2013 8:03am Oct 10, 2013 8:03am
Quoting adamjhdavis
{quote} Possible short on 1H AJ now with bearish divergence and green crossing red on the tdi? {image}

maybe not!!!
  • #26,132
  • Oct 10, 2013 8:10am Oct 10, 2013 8:10am
This morning I told that I was looking for an short entrance on the GU. I went short after the newsspike, price can't close above resistance. Took the M15 for entrance, SL to BE already, first target is Yesterday Low
Attached Image(s) (click to enlarge)
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  • #26,133
  • Oct 10, 2013 8:19am Oct 10, 2013 8:19am
Quoting adamjhdavis
{quote} maybe not!!!

see, it is again testing the upper limit and did not cross in TDI, only touch. This is why it is good to wait for confirmation and not ruch in hoping for early entry. Still, good to watch this one because it is just testing (maybe) the upper contraction line although it is above it now so it has potential to go up more BUT this test could give market the energy needed to fall quickly. I would watch for the next 8 hours and see what it has done up to that time.
  • #26,134
  • Oct 10, 2013 8:32am Oct 10, 2013 8:32am
Goodmorning everyone,

This was a nice leisurely set-up last night.
No fuss, no mess, no big deal, very profitable.
What do you see?

snarlyjack
Attached Image(s) (click to enlarge)
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  • #26,135
  • Oct 10, 2013 8:44am Oct 10, 2013 8:44am
Quoting snarlyjack
Goodmorning everyone, This was a nice leisurely set-up last night. No fuss, no mess, no big deal, very profitable. What do you see? snarlyjack {image} {image}

What do we see?
Market Type definition for TMS Trending and Let Profit Run management is
When the Price trend and TDI trend is in synergy, the trend breakout is money making.
  • #26,136
  • Oct 10, 2013 8:45am Oct 10, 2013 8:45am
Quoting pipps
{quote} see, it is again testing the upper limit and did not cross in TDI, only touch. This is why it is good to wait for confirmation and not ruch in hoping for early entry. Still, good to watch this one because it is just testing (maybe) the upper contraction line although it is above it now so it has potential to go up more BUT this test could give market the energy needed to fall quickly. I would watch for the next 8 hours and see what it has done up to that time.
You are right, I did not enter I was merely pointing out that there could be a possible entry in the near future.
  • #26,137
  • Oct 10, 2013 8:56am Oct 10, 2013 8:56am
Quoting adamjhdavis
{quote} You are right, I did not enter I was merely pointing out that there could be a possible entry in the near future.
glad you did point it out because i was not watching this pair for an entry but am doing so now. Takes great control to not click the button (itchy fingers), in anticipation of what may happen.
  • #26,138
  • Oct 10, 2013 9:32am Oct 10, 2013 9:32am
Quoting snarlyjack
Goodmorning everyone, This was a nice leisurely set-up last night. No fuss, no mess, no big deal, very profitable. What do you see? snarlyjack {image} {image}
Overbought? But not right time to pull the trigger.... Sorry for my poor answer but this is all i can see right now...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #26,139
  • Oct 10, 2013 9:38am Oct 10, 2013 9:38am
Heispark,

Yes, I think your right. Do you think on the pull back it is going to break
it main trend?

snarlyjack
  • #26,140
  • Oct 10, 2013 9:52am Oct 10, 2013 9:52am
Quoting snarlyjack
Heispark, Yes, I think your right. Do you think on the pull back it is going to break it main trend? snarlyjack
Hi Snarlyjack,

On the 4H it has made a new high and therefore a change in structure, on the D chart we have a green crossing red and change of colour on apb.
I would say a good entry could be on the retrace when a new higher low is made, and then entry via pa and confirmation of the tdi of course.

Just my view of it....

http://charts.mql5.com/2/731/usdjpys...fx-fx-cfds.png

Also Yen is weakening across the other pairs to ie GJ EJ

Regards

Adam
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