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123PatternsV6 revisited

  • #961
  • Jan 9, 2014 3:19am Jan 9, 2014 3:19am
Quoting geomoon
{quote} I hope you had a good vacation, I thought that you would have more time but why to wast some pips while you can earn them . I noticed that you've let the trade over night which I thought you wouldn't but as long it hit target it's great, maybe divergence on TDI made you sleep restful.
Happy new year. Ordinarily I would close any trades at the end of my trading session, but with such small ranges you have to take the pips on offer, if that means leaving the computer on and checking it during the course of the evening, then so be it. The market refuses to adapt to my lifestyle so I have had to compromise.
Cut your Losers short and let your Winners run.
  • #962
  • Jan 9, 2014 3:27am Jan 9, 2014 3:27am
Yesterday EU +40. I nearly took the Pin Bar CT yesterday but didn´t, the market rewarded my restraint by giving me a 1Hr Pin Bar with trend. My initial TP was down at 1.3525 S&R level, but the market was kind enough to show me, with Divergence, that for now it was not going any lower than 1.3550 so I manually closed for 40pips. If you work with the market it will often be very generous to you, but if you try to fight it, then it can get really nasty!
Attached Image (click to enlarge)
Click to Enlarge Name: eu +40 8012014.png Size: 65 KB
Cut your Losers short and let your Winners run.
  • #963
  • Jan 9, 2014 4:12am Jan 9, 2014 4:12am
Quoting dee50
Yesterday EU +40. I nearly took the Pin Bar CT yesterday but didn´t, the market rewarded my restraint by giving me a 1Hr Pin Bar with trend. My initial TP was down at 1.3525 S&R level, but the market was kind enough to show me, with Divergence, that for now it was not going any lower than 1.3550 so I manually closed for 40pips. If you work with the market it will often be very generous to you, but if you try to fight it, then it can get really nasty! {image}
that's good that you've got away before FOMC meeting .
so you missed a pin and followed another, the question is which pin will be in your favor.....that's the question !
  • #964
  • Edited 6:10am Jan 9, 2014 6:00am | Edited 6:10am
News Trade. EU SL BE +25 TP +50. Trading Draghi. Current position locked in 25pips target is 50 pips price got to within 1 pip.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 52 KB
Cut your Losers short and let your Winners run.
  • #965
  • Jan 9, 2014 6:09am Jan 9, 2014 6:09am
EU +30. That is a real BUGGER, Moved SL down to lock in 30pips because move has lost momentum, slippage took out my SL 2 pips earlier, gave me the 30 at least, that is one of the disadvantages of running tight, you get too close to PA and anything can happen. Se La Vie
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15b.png Size: 52 KB
Cut your Losers short and let your Winners run.
  • #966
  • Jan 9, 2014 6:12am Jan 9, 2014 6:12am
Quoting dee50
News Trade. EU SL BE +25 TP +50. Trading Graghi. Current position locked in 25pips target is 50 pips price got to within 1 pip. {image}

You've got to lend me that crystal ball....
  • #967
  • Jan 9, 2014 6:20am Jan 9, 2014 6:20am
Quoting geomoon
{quote} You've got to lend me that crystal ball....
Here you go.
Attached Image
Cut your Losers short and let your Winners run.
  • #968
  • Jan 9, 2014 8:47am Jan 9, 2014 8:47am
Quoting dee50
{quote} Here you go. {image}
Hah.......... I thought it would be bigger , but it's good to start with.......
  • #969
  • Jan 10, 2014 7:50am Jan 10, 2014 7:50am
what's up dee50 , do you want more than 50 Pips on NFP ? I'm waiting for your chart
  • #970
  • Jan 10, 2014 10:33am Jan 10, 2014 10:33am
Quoting geomoon
what's up dee50 , do you want more than 50 Pips on NFP ? I'm waiting for your chart
EU +40
did not think you would be interested so did not post, but here it is.
No such luck today, only managed 40pips on EU. A little more on a couple of others.

No crystal ball today. Did not forsee such low employment numbers so I played it safe and waited until the knees stopped jerking and traders had time to digest all the news, didn't make any difference, no one took any notice of the 0.3% drop in the unemployed. 6.7%

Just for reference. All entries were Pullback entries, waited for the Spike to settle entered on the next candle.
Attached Image (click to enlarge)
Click to Enlarge Name: nfp 10012014 +140.png Size: 83 KB
Cut your Losers short and let your Winners run.
  • #971
  • Jan 10, 2014 10:46am Jan 10, 2014 10:46am
Erm sorry for the noob question dee, I've notice there is this indi on your chart kinda like a MA that changes from red to blue to red...some of your charts have it and some don't. Whats that?
I want more brain power!
  • #972
  • Jan 10, 2014 10:50am Jan 10, 2014 10:50am
Quoting cfdtaleong
Erm sorry for the noob question dee, I've notice there is this indi on your chart kinda like a MA that changes from red to blue to red...some of your charts have it and some don't. Whats that?

In the attachments section, here is the link. It is just an ema that changes colour.

http://www.forexfactory.com/attachme...mentid=1207467
Cut your Losers short and let your Winners run.
  • #973
  • Jan 10, 2014 9:03pm Jan 10, 2014 9:03pm
Quoting dee50
{quote} In the attachments section, here is the link. It is just an ema that changes colour. http://www.forexfactory.com/attachme...mentid=1207467
Hmm that colour change EMA is default at 89 if I did not read it wrong. I noticed there appears to be a fair number of viable signals on the 15m when the colour changes with the following supporting conditions :

1)TDI also cross in the same direction with good angle and space
or
2)TDI has crossed not too long ago about 1-3 candles.
or
3)TDI crossed in the same direction within 1-3 candles
I want more brain power!
  • #974
  • Jan 11, 2014 2:06am Jan 11, 2014 2:06am
Quoting cfdtaleong
{quote} Hmm that colour change EMA is default at 89 if I did not read it wrong. I noticed there appears to be a fair number of viable signals on the 15m when the colour changes with the following supporting conditions : 1)TDI also cross in the same direction with good angle and space or 2)TDI has crossed not too long ago about 1-3 candles. or 3)TDI crossed in the same direction within 1-3 candles
You are not wrong. Except you need to reverse the supporting conditions, the ema supports the TDI. I do not talk about the TDI on this thread, there are a number of threads here on FF or go here

The Pro Trader Network — Learn to trade like the Pros!

Here you will see the 89 EMA being used in conjunction with the TDI in fact Dginc´s method is IMHO the next best interpretation of the TMS method and is definitely worth a look.
Cut your Losers short and let your Winners run.
  • #975
  • Jan 11, 2014 3:40am Jan 11, 2014 3:40am
Quoting dee50
{quote} EU +40 did not think you would be interested so did not post, but here it is. No such luck today, only managed 40pips on EU. A little more on a couple of others. No crystal ball today. Did not forsee such low employment numbers so I played it safe and waited until the knees stopped jerking and traders had time to digest all the news, didn't make any difference, no one took any notice of the 0.3% drop in the unemployed. 6.7% Just for reference. All entries were Pullback entries, waited for the Spike to settle entered on the next candle. {image}...
Off course I'm interested and I always check on this post to see your trades and learn from them, although I didn't think that you would trade NFP on more than one pair as I thought that the result would be either pro or against dollar so the effect would be the same on all pairs.

traders had a conflict between the low number of Non-Farm Employment Change : 74K and 0.3% drop , it just doesn't make sens and just added another reason for people to trust these numbers or not , which eventually they didn't.

Thanks for sharing and have a nice weekend
  • #976
  • Jan 11, 2014 4:07am Jan 11, 2014 4:07am
Quoting geomoon
{quote} Off course I'm interested and I always check on this post to see your trades and learn from them, although I didn't think that you would trade NFP on more than one pair as I thought that the result would be either pro or against dollar so the effect would be the same on all pairs. traders had a conflict between the low number of Non-Farm Employment Change : 74K and 0.3% drop , it just doesn't make sens and just added another reason for people to trust these numbers or not , which eventually they didn't. Thanks for sharing and have a nice...
This can help with news trading, this is where I first learnt to trade the news 8 years ago.

http://www.forexpeacearmy.com/forex-...10-2014-a.html
Cut your Losers short and let your Winners run.
  • #977
  • Jan 11, 2014 4:10am Jan 11, 2014 4:10am
Quoting dee50
{quote} You are not wrong. Except you need to reverse the supporting conditions, the ema supports the TDI. I do not talk about the TDI on this thread, there are a number of threads here on FF or go here The Pro Trader Network — Learn to trade like the Pros! Here you will see the 89 EMA being used in conjunction with the TDI in fact Dginc´s method is IMHO the next best interpretation of the TMS method and is definitely worth a look.
Thanks and I apologise for the "off topic". Learnt much. Spotted something and got excited
I want more brain power!
  • #978
  • Jan 11, 2014 4:16am Jan 11, 2014 4:16am
Quoting cfdtaleong
{quote} Thanks and I apologise for the "off topic". Learnt much. Spotted something and got excited

No need for the apology, I post none 123 trades every day, so in theory I am constantly "off topic", I just do not discuss other methods because it can take a thread off into the unknown or unwanted. I show my "other trades" simply to highlite the need for more than 1 method.

Incidentally, the TDI Bounce often signals a 123.
Cut your Losers short and let your Winners run.
  • #979
  • Jan 11, 2014 9:16am Jan 11, 2014 9:16am
Quoting dee50
{quote} This can help with news trading, this is where I first learnt to trade the news 8 years ago. http://www.forexpeacearmy.com/forex-...10-2014-a.html
Do you still use their method or have you adopted your own for trading the news ?
  • #980
  • Jan 13, 2014 2:59am Jan 13, 2014 2:59am
Quoting geomoon
{quote} Do you still use their method or have you adopted your own for trading the news ?

Yes and Yes. A mixture of Forex News Gun and Diamond Trading Signals. I usually only trade the EU so I have years of performance data in my head, most news traders trade the UJ for dollar related news, in this instance I realized that such a low print would affect the dollar majors and because I was waiting to see, I had plenty of time to check what previous reactions had been in the UJ and AU.

The EU and I have known each other for years, so we have a tentative agreement that we will give each other the heads up when either of us think that there might be a worth while opportunity, where as the UJ and AU are more cautious of me as we have spent very little time together and they tend to favor their regulars, much like any clique or club, I can understand this. But sometimes, when the out come is glaringly obvious it would be churlish and stupid not to use that information for my own benefit.
Cut your Losers short and let your Winners run.
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