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  • #29,121
  • Jan 14, 2014 3:56am Jan 14, 2014 3:56am
Quoting fxFox.mb
{quote} emmanuell7788 and others, here a midterm view on GBPAUD....
Happy that my yesterdays estimated price movement on GBPAUD took place - even faster than expected - I closed today the long retracement trade, I entered yesterday in the evening (GMT+1) at about 19:50 with +151 pips.

Entry was on price action H4/H1
- double bottom forming on H1
- break out up on #1 blue candle
- pullback on H4 from weekly S2 pivot
and
- H1 TDI priceline bounce from red and breaking of MBL
- H4 TDI before up crossing in oversold area

Reason for exit:
- suspected target was near
- I didn't want the upcomming news at 10:30 GMT+1 on GBP to eat up my book profit
- 38% fibo level from retracement reached
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-14 10.23 GMT+1 GBPAUD.png Size: 127 KB
fxFox (all times in my charts are GMT+1)
  • #29,122
  • Jan 14, 2014 4:09am Jan 14, 2014 4:09am
Hi All,

My GU trade during LO.

Attached Image (click to enlarge)
Click to Enlarge Name: gu0300140113.png Size: 48 KB


Thanks.
  • #29,123
  • Jan 14, 2014 4:29am Jan 14, 2014 4:29am
EJ- only my second trade this year as been very busy.... Thanks to Lastingwell I have been looking at 1 hour again!

TDI- Green crossed red and yellow.

Was also bouncing around strong Price level @ 1.4080!

Close one lot at 80 pips and going to hold the other for 145.70.

Best of luck
Attached Image (click to enlarge)
Click to Enlarge Name: 14th01.png Size: 41 KB
Give yourself a chance and trade it like it's layed out...
  • #29,124
  • Jan 14, 2014 4:37am Jan 14, 2014 4:37am
Quoting fxFox.mb
{quote} Happy that my yesterdays estimated price movement on GBPAUD took place - even faster than expected - I closed today the long retracement trade, I entered yesterday in the evening (GMT+1) at about 19:50 with +151 pips. Entry was on price action H4/H1 - double bottom forming on H1 - break out up on #1 blue candle - pullback on H4 from weekly S2 pivot and - H1 TDI priceline bounce from red and breaking of MBL - H4 TDI before up crossing in oversold area Reason for exit: - suspected target was near - I didn't want the upcomming news at 10:30...
Nice trade well done
Give yourself a chance and trade it like it's layed out...
  • #29,125
  • Edited 5:03am Jan 14, 2014 4:42am | Edited 5:03am
Quoting Phx62
{quote} {quote} I re-entered at LO because the crossing of green over both red and gold is a strong indication that price will continue up to resistance or until news or other events stop it....currently up 34 pips and locked in at BE. Success to you ....
Same here except it missed my tp first time round while I wasn't watching by 0.9 of a pip.
  • #29,126
  • Jan 14, 2014 4:48am Jan 14, 2014 4:48am
Quoting Bizzzle
EJ- only my second trade this year as been very busy.... Thanks to Lastingwell I have been looking at 1 hour again! TDI- Green crossed red and yellow. Was also bouncing around strong Price level @ 1.4080! Close one lot at 80 pips and going to hold the other for 145.70. Best of luck {image}

Very very nice
  • #29,127
  • Jan 14, 2014 5:08am Jan 14, 2014 5:08am
Quoting NoQuit
Hi All, My GU trade during LO. {image} Thanks.

same H1 trade but got stopped out BE+2pips.

1.6425 region ... confluence of Prev W Fin 50% and Prev D Fib 50% and also Hist S&R... sigh.

Attached Image (click to enlarge)
Click to Enlarge Name: GU H1 14 Jan LO trade.png Size: 21 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,128
  • Jan 14, 2014 5:11am Jan 14, 2014 5:11am
Quoting Gareth22
GBPUSD trade this morning; +25 pips (1:1 RR) Small TP level I know but I was worried about the strong resistance and also the big GBP news... Reasons for entry; Frankfurt pull back candle London Open candle breaking of previous highs {image}

Nice.

I see you getting the hang trading with TMS.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,129
  • Jan 14, 2014 5:15am Jan 14, 2014 5:15am
Quoting emmanuel7788
{quote} selling against 2 H4 bull candle is not a good idea, unless you are scalping.
Dear emmanuel,

Thanks for you reply.
Again i will only enter a trade on h1 time frame according to the H4 trend.
And also see attached image.before you reply to my post I took GBPUSD h1 LO trade.I enter that trade after h4 candle change color as blue & after H1 pull back candle with TDI confirmation.I got +40 pip
even though there was H4 downtrend, two candle before the H4 entry candle there was a two small red candles.I think that was the reason Price go UP.

What I want to ask you is if this kind of H4 setup happened again it is it OK to enter trade after current H4 candle change color according to the h1 trend?
eventhoug i back tested i could not get an idea about this kind of trade because i should enter when H4 color change & i have no idea at what time it change the color.Therefore advise of experience H4 trade Like you is very valuable for me.

Thanks,
Helanka
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.png Size: 79 KB
Helanka
  • #29,130
  • Jan 14, 2014 5:18am Jan 14, 2014 5:18am
Quoting Phx62
{quote} {quote} The 5 SMA is fine if you are looking for conservative, safe entries. I find that using candle formations, price action and TDI are enough for me to enter the trade on the 1st or 2nd candle. Each of us have to do what is best for us psychologically and emotionally. hoperich....you stayed in the trade and I re-entered at LO because the crossing of green over both red and gold is a strong indication that price will continue up to resistance or until news or other events stop it....currently up 34 pips and locked in at BE. Success to...
phx62,

Thanks for your reply.

Helanka
Helanka
  • #29,131
  • Jan 14, 2014 5:19am Jan 14, 2014 5:19am
Quoting Wqiang
{quote} Hi, just giving a shot as i am not too confidence. Based on price action, i noticed a inside bar followed by the bearish engulfing candle. Wqiang

Wqiang,

You missed the Head & Shoulders stuff which tell us the psychology of the market ... buyers and sellers who created that head and shoulders on our charts.

When we look at individual candles, do not forget the bigger picture ... use your third eye and zoom out and to see what happens in lower timeframe.

Candlestick Patterns
Chart Patterns

Trade Well!
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,132
  • Jan 14, 2014 5:25am Jan 14, 2014 5:25am
Quoting emmanuel7788
{quote} Nice. I see you getting the hang trading with TMS.
Thanks, hopefully I am.

This thread is a fantastic place to learn and with traders such as yourself giving guidance continuously it will remain being so!

All the best,
  • #29,133
  • Jan 14, 2014 5:26am Jan 14, 2014 5:26am
+50 on AU at last Bearish divergence on H1, went in on break of inside bar when h1 made a lower high, tdi green bounced back off of red and h4 tdi started to cross as well.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdmh1.png Size: 24 KB
  • #29,134
  • Jan 14, 2014 5:29am Jan 14, 2014 5:29am
Quoting Helanka
{quote} Dear emmanuel, Thanks for you reply. Again i will only enter a trade on h1 time frame according to the H4 trend. And also see attached image.before you reply to my post I took GBPUSD h1 LO trade.I enter that trade after h4 candle change color as blue & after H1 pull back candle with TDI confirmation.I got +40 pip even though there was H4 downtrend, two candle before the H4 entry candle there was a two small red candles.I think that was the reason Price go UP. What I want to ask you is if this kind of H4 setup happened again it is it OK to...

Helanka:

Taking counter-trend trade against the previous D has some risk. There need to be room for potential take profit and a minimum R:R 1:1 or else dont take the H1 setups. Today GU has a very narrow range TOK_5H and that bullish H1 pin bar was a good setup to take the TOK_5H breakout with small SL. Those small candles you saw was a consolidation.
We must always look for high probability setups and not simply trade the TDI crosses.

Trade Well!
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,135
  • Jan 14, 2014 5:43am Jan 14, 2014 5:43am
Quoting emmanuel7788
GBPAUD H4 trade at LO 14 Jan: {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GA week 03 H4 LO trade.png Size: 27 KB


Decided to scale out +80pips before NY open. TP remains.

Attached Image (click to enlarge)
Click to Enlarge Name: GA week 03 H4 trade update1.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,136
  • Jan 14, 2014 5:45am Jan 14, 2014 5:45am
Quoting lastingwell
+50 on AU at last Bearish divergence on H1, went in on break of inside bar when h1 made a lower high, tdi green bounced back off of red and h4 tdi started to cross as well. {image}
Good trading ! Members of the skype chat room took that trade as well, personally I dislike AU too much...
  • #29,137
  • Jan 14, 2014 5:49am Jan 14, 2014 5:49am
Quoting WDays
{quote} Good trading ! Members of the skype chat room took that trade as well, personally I dislike AU too much...

I know what you mean. I have to see about 50 things going in its favour before I trade it
  • #29,138
  • Jan 14, 2014 5:53am Jan 14, 2014 5:53am
What is TOK_5H Breakout?

just another trade idea for intraday trading.... TMS will show the way.
Attached Image (click to enlarge)
Click to Enlarge Name: GU TOK_5H Breakout.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,139
  • Jan 14, 2014 6:02am Jan 14, 2014 6:02am
Quoting lastingwell
+50 on AU at last Bearish divergence on H1, went in on break of inside bar when h1 made a lower high, tdi green bounced back off of red and h4 tdi started to cross as well. {image}
nice
Give yourself a chance and trade it like it's layed out...
  • #29,140
  • Jan 14, 2014 6:14am Jan 14, 2014 6:14am
Quoting emmanuel7788
AUDUSD H4 Trade taken when Tokyo Open: {image} A Head and Shoulder reversal pattern seen with TMS 4H Entry rules.
I missed the head and shoulders pattern because I didn't zoom down to the lower TF below 4H. I need alot more practice. Thank you Emmanuel for making us think!
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