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Trading from an Experienced and Successful FULL TIME Trader

  • #261
  • Nov 12, 2013 1:29pm Nov 12, 2013 1:29pm
Quoting starTrades00
{quote} Looks good if what you say is true. Know that the market is dead right now if you take the trade, but everything lines up. If you decide to pull the trigger, let us know how you did. Thanks.
plz see and read post 1, in this post every rules for enter in trade Is expressed. and note that text in thv trix oscillator is not important and dont attend to its.
in this position we have:
1- nice support that broken and change to resistant(pink color)
2- price pull back to broken support( current resistant) and cural colour in m30 and h1 are red( sell signal)
3- when thv trix arraw appeared we enter in sell position.
  • #262
  • Nov 12, 2013 1:38pm Nov 12, 2013 1:38pm
Hi davidtrader,

What I am saying is this setup looks good. You have followed the rules. The ONLY reason I wouldn't take it is because the market is dead right now. That is the ONLY reason, if the setup was correct and smaller TF's agreed. I hope (if you took the trade) you make lots of pips. All the best!
  • #263
  • Nov 12, 2013 2:03pm Nov 12, 2013 2:03pm
Hey guys im going to catch my plane now but I see some did take the gbpcad trade which is great! I got in at 6706 on the gbpcad and 1.5926 on gbpusd as that had a very similar set up. I am well over half way to my target so I am putting my stops to +1 on BOTH while I get on this plane!! wouldnt be a bad idea to do the same here. My gbpcad target is 1.6650 and gbpusd is 1.5880 in the rare event someone took that one. Good luck David and whoever else took it. And yes, the market was entering the quieter hours and so it was a little riskier to get in but the THV was way overdone and the resistance was like a ROCK, and thats why I was willing to take half my normal size on EACH ONE.
  • #264
  • Nov 12, 2013 2:29pm Nov 12, 2013 2:29pm
Nice job doriotcapita
  • #265
  • Nov 12, 2013 3:22pm Nov 12, 2013 3:22pm
Very interesting thread. Looks like I have a little learning to do.
  • #266
  • Nov 12, 2013 3:28pm Nov 12, 2013 3:28pm
Quoting doriotcapita
Hey guys im going to catch my plane now but I see some did take the gbpcad trade which is great! I got in at 6706 on the gbpcad and 1.5926 on gbpusd as that had a very similar set up. I am well over half way to my target so I am putting my stops to +1 on BOTH while I get on this plane!! wouldnt be a bad idea to do the same here. My gbpcad target is 1.6650 and gbpusd is 1.5880 in the rare event someone took that one. Good luck David and whoever else took it. And yes, the market was entering the quieter hours and so it was a little riskier to get...
Hey Doriot,

This thread in it's short life has already been very good to me. Not because of the trading setups prescribed here per se. I haven't even had the time to learn them properly yet. Been very busy these last days. But, because your personal take on sound and well known concepts like S/R and trend using a unique blend of PA (a la BRV or WMD) + indicators has made charts speak louder. I can see more things on a chart now. I'm also getting better at asserting the importance of those things. Last but not least, my creativity exploded to new all time highs, which is great considering how boring my trading routine/trading related work had become. Thanks man!

Have a safe trip now and enjoy your vacation
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #267
  • Nov 12, 2013 6:51pm Nov 12, 2013 6:51pm
Base on the rules i believe there is buy signal happening right now on the chfjpy at 108.48-108-32.

1. Broke big resistance
2.Retrace to resistance which the becomes support
3. all the time periods show uptrend
4. bullish divergence on a uptrend/support

Am i correct?
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  • #268
  • Nov 12, 2013 8:06pm Nov 12, 2013 8:06pm
Quoting J0n
Base on the rules i believe there is buy signal happening right now on the chfjpy at 108.48-108-32. 1. Broke big resistance 2.Retrace to resistance which the becomes support 3. all the time periods show uptrend 4. bullish divergence on a uptrend/support Am i correct? {image}
Everything looks correct, according to what you are saying. I would tread lightly as the market is still slow. If you pull the trigger, let us know how you did. Good luck on your trade!
  • #269
  • Nov 13, 2013 12:32am Nov 13, 2013 12:32am
Quoting vox dei
{quote} Hey Doriot, This thread in it's short life has already been very good to me. Not because of the trading setups prescribed here per se. I haven't even had the time to learn them properly yet. Been very busy these last days. But, because your personal take on sound and well known concepts like S/R and trend using a unique blend of PA (a la BRV or WMD) + indicators has made charts speak louder. I can see more things on a chart now. I'm also getting better at asserting the importance of those things. Last but not least, my creativity exploded...
Thanks bud!!! Hope you learn even more in the future!!! Safe Trading!
  • #270
  • Nov 13, 2013 12:36am Nov 13, 2013 12:36am
Quoting J0n
Base on the rules i believe there is buy signal happening right now on the chfjpy at 108.48-108-32. 1. Broke big resistance 2.Retrace to resistance which the becomes support 3. all the time periods show uptrend 4. bullish divergence on a uptrend/support Am i correct? {image}
Hey Jon! I would actually not personally take that trade and heres why: I look for retests of support of the CURRENT UPTREND. I do however watch areas like the one you have noted for POSSIBLE reversal areas in the market so i know when a trade may bet getting ready to set up. I'll try to explain better in upcoming posts. For now tho I am EXHAUSTED from my super long flight and drive! Safe trading!
  • #271
  • Nov 13, 2013 12:38am Nov 13, 2013 12:38am
okay guys i have been at it all day and night and traveling for 10 hours so i am beat! having said that i need a great nights rest so i went ahead and closed out both of the pound positions, just shy of my targets for 36 pips on one and 38 on the other. Trade safely and successfully!!!
  • #272
  • Nov 13, 2013 12:53am Nov 13, 2013 12:53am
Quoting J0n
Base on the rules i believe there is buy signal happening right now on the chfjpy at 108.48-108-32. 1. Broke big resistance 2.Retrace to resistance which the becomes support 3. all the time periods show uptrend 4. bullish divergence on a uptrend/support Am i correct? {image}
plz pay attention to role of area zone in different time frames:
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  • #273
  • Nov 13, 2013 12:59am Nov 13, 2013 12:59am
short ?
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  • #274
  • Nov 13, 2013 1:05am Nov 13, 2013 1:05am
Quoting cuchuflito
short ? {image}
plz check coral color in h1 and daily time frame

note in post 1: "You determine the trend by looking at the color of the coral. The coral should be green if you are going long and red if you are going short. The next higher time frame should match also! Otherwise you are not in a valid trend".
  • #275
  • Nov 13, 2013 1:13am Nov 13, 2013 1:13am
Quoting davidtrader
{quote} plz check coral color in h1 time frame
correct, waiting for that to tun around...then maybe look at the 15 min....for a clear entry...patience...
  • #276
  • Nov 13, 2013 1:29am Nov 13, 2013 1:29am
Quoting davidtrader
sell position in gbpcad setup time: H1 trigger time: m30 note that: we have 2 arraws in m15 and one arraw in m30 and coral in two times(m30 & m15) are red. {image}


took the same trade too but opt out for a few pips well let see how this goes still learning
  • #277
  • Nov 13, 2013 1:44am Nov 13, 2013 1:44am
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  • #278
  • Edited 3:32am Nov 13, 2013 3:19am | Edited 3:32am
Hi All,

As a newbie who hasn't posted much, but has trolled various threads, I am intrigued by DC and his vivid, common sense explanations. Very good discussions- this thread is off to a very auspicious start.

Now my 13-13 start here I noticed something remarkable about all major USD pairs. See below.

The EURUSD, GBPUSD, AUDUSD, NZDUSD are all in triple top/head&shoulders mode on the D1 chart, with PA near or below the neckline, which itself is very close to the monthly pivot (which I saw on another chart set on the DWMPivots indie.)

Similarly the reverse pairs, USDJPY and USDCHF are in triple bottom/head&shoulders on the D1 chart with the neckline again close to the monthly pivot. The last (reverse) USD pair, USDCAD, is in up-channel mode.

(I use GMT 8:00, London open, as start of my pivot/other calcs on the DWMPivot indie above.)

Now I know half the charts seem to give opposite signals to my overall claim, but then the big picture is important. Signals could reverse quickly.

EDIT: Sorry, DC was talking about other charts !

Botomline: All charts say that USD is in a potentially powerful upswing. The fundamentals reason perhaps is that folks are now predicting a more near end to US Fed tapering given initial strong US GDP reports, and the EU just had a rate cut, both reinforcing big trends. The loonie is acting a bit loonie, but still in concert with all other pairs re: USD strength, maybe since Canada's economy had recent unexpected GDP/job weakness.

Cheers,
Athar.

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  • #279
  • Nov 13, 2013 3:21am Nov 13, 2013 3:21am
Hi atharmian,

Good eye and strong reasons for a longer term bull USD. I came to similar conclusions based on the fundamentals but hadn't done your detailed cross pair analysis.

Thanks for that Mate.

Cheers,

-fighter
  • #280
  • Nov 13, 2013 3:36am Nov 13, 2013 3:36am
Hey fighterdude,

Thanks, even though I stretched a bit originally mentioning DC's charts as similar, but then edited out my remarks.

Trying to build some fighting spirit here myself. My head has been spinning with all kinds of various thread details,
but I realize (as was my secret wish) that KIS beats all.


Athar.

Quoting fighterdude
Hi atharmian, Good eye and strong reasons for a longer term bull USD. I came to similar conclusions based on the fundamentals but hadn't done your detailed cross pair analysis. Thanks for that Mate. Cheers, -fighter
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