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  • #29,201
  • Jan 15, 2014 1:47am Jan 15, 2014 1:47am
2 more trades from yesterday, additionally to the reported GBPAUD trade with +151 pips (post 29.129).

The winning EURJPY, where some others have been in, too. Other than phx62 I pulled the trigger at the weekly pivot point and daily high, result in +82 pips
Than a loosing trade on EURUSD, where I jumped in late on a breakout of last weeks high. This was a fake breakout and I got off at the next candle by -27 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-01-14 18.58 GMT+1 EURJPY.png Size: 194 KB
Click to Enlarge Name: 2014-01-15 07.15 GMT+1 EURUSD.png Size: 150 KB
fxFox (all times in my charts are GMT+1)
  • #29,202
  • Jan 15, 2014 1:52am Jan 15, 2014 1:52am
Quoting emmanuel7788
EJ pre-LO 15 Jan: {image} A game of greed and fear.... WAIT....
emmanuell7788,

TOK_5H - should we always wait up for LO before trading this range?
I ask because on my chart the breakout happend some minutes ago to the downside, with a currently building up bounce of priceline from signal line.
fxFox (all times in my charts are GMT+1)
  • #29,203
  • Jan 15, 2014 1:53am Jan 15, 2014 1:53am
Quoting emmanuel7788
EJ pre-LO 15 Jan: {image} A game of greed and fear. With a bullish D candle close and the shallow retracement, the uptrend is still intact. Yesterday's buyers are happy, some will exit before LO hence some small price move down, while others will tighten their stops ... but where are their stops? Today early Tokyo sellers now fear the shallow retracement. What shall they do? One hour after LO is Tokyo close. WAIT....
Thanks for the analysis, lets wait and see what happens!
  • #29,204
  • Jan 15, 2014 2:13am Jan 15, 2014 2:13am
Quoting fxFox.mb
{quote} emmanuell7788, TOK_5H - should we always wait up for LO before trading this range? I ask because on my chart the breakout happend some minutes ago to the downside, with a currently building up bounce of priceline from signal line.

I prefer to see a clear break of either the high or the low of the TOK_5H.

There is no TDI bounce in H1, those previous candles were small and sideways. A good TDI green bounce off red usually happens after a few strong candles then 1 to 3 candles showing price pullback, then rseume in the previous trend causing the TDI bounce.

there must be PA with CSP.

Take note LO is now the last one hour of Tokyo session. So many traders will exit now, not necessary sellers.
Maybe good to wait to see if London will make low of the session in the next 2 hours.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,205
  • Jan 15, 2014 2:25am Jan 15, 2014 2:25am
Quoting emmanuel7788
{quote} Greenb, very nice done! On H1, AU just fell through yesterday's low and also Prev W Fib 50%. Now back to my H4 trade: {image} Decided to scale out half my position at +3R level. 1.5% profit. Remaining pos protected and with JSL set to 20pips and a new TP level at +5R. Let's see how the rest of today will be like.
a bit of update: secured +17 pips for the trade. while its going down slowly but surely. my only regret is to forget to monitor AUDJPY as it has moved down close to 50 pips since Asian session.

EJ: still waiting for the my broker current 4h candle to close which is in roughly 1h27mins (which will be 2h into London Session in which hopefully market has decided where to go)to see if its a bullish continuation or reversal.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: update.png Size: 169 KB
Click to Enlarge Name: ej4h.png Size: 158 KB
Daniel
  • #29,206
  • Jan 15, 2014 2:50am Jan 15, 2014 2:50am
Quoting emmanuel7788
{quote} I prefer to see a clear break of either the high or the low of the TOK_5H. There is no TDI bounce in H1, ......
emmanuell7788,

thank you for your answer.
Do I understand it correctly, when you say "there is no TDI bounce" you mean there is no bounce which is worth to emphasize, because of a combined PA?
I ask because of on my H1 chart a bounce in the indicator took place - (getting clearer now, as it is supported by the opening of the LO candle)
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-15 09.35 GMT+1 EURJPY.png Size: 64 KB
fxFox (all times in my charts are GMT+1)
  • #29,207
  • Jan 15, 2014 3:06am Jan 15, 2014 3:06am
Quoting fxFox.mb
{quote} emmanuell7788, thank you for your answer. Do I understand it correctly, when you say "there is no TDI bounce" you mean there is no bounce which is worth to emphasize, because of a combined PA? I ask because of on my H1 chart a bounce in the indicator took place - (getting clearer now, as it is supported by the opening of the LO candle) {image}

perhaps this pic below will explain what I consider a 'good' TDI bounce would be.

Attached Image (click to enlarge)
Click to Enlarge Name: fxFox EJ H1 bounce.png Size: 168 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,208
  • Jan 15, 2014 3:41am Jan 15, 2014 3:41am
Quoting emmanuel7788
{quote} perhaps this pic below will explain what I consider a 'good' TDI bounce would be. {image}
That was what I asked - so you didn't classify this bounce as a "real" bounce, because it is formed more randomly by a consolidating small range price action.

Very good and easy understandable drawing Thanks for your effort.
fxFox (all times in my charts are GMT+1)
  • #29,209
  • Jan 15, 2014 3:52am Jan 15, 2014 3:52am
Quoting emmanuel7788
{quote} perhaps this pic below will explain what I consider a 'good' TDI bounce would be. {image}
Hi Emmanual,

I've checked up on the charts before LO and took this trade on a demo account , I was happy when I read what you were talking about because I took the trade based on the double inside bar along with TDI cross....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
  • #29,210
  • Jan 15, 2014 4:05am Jan 15, 2014 4:05am
Ohhhh... Momentum wasn't fierce, and the trade was turning pretty convincingly, I didn't want to give back too much. Guess it was my bad and should have let SL or TP be hit. I even moved my initial 50 pip TP to 30 because of a confluence of TL+historical support+fibo, eventually my first TP would have been hit, but such is life.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 49 KB
  • #29,211
  • Jan 15, 2014 4:10am Jan 15, 2014 4:10am
Quoting emmanuel7788
{quote} perhaps this pic below will explain what I consider a 'good' TDI bounce would be. {image}
Thanks a lot for your effort,very easy to understand.
  • #29,212
  • Jan 15, 2014 4:27am Jan 15, 2014 4:27am
Quoting emmanuel7788
{quote} all Expert Advisor EA run in your MT4 Terminal only therefore you need to have your PC running all the time. if you use market order then you must set the MTPM Magic Number to 0 (zero). there are a whole lot of settings which you need to read the manual to know the description. if you tell me exactly how you want to manage your trades, I will create a set file for you.
I sent you a PM to save cluttering up the thread!
  • #29,213
  • Jan 15, 2014 5:10am Jan 15, 2014 5:10am
HELLO EVERY ONE
CAN I FOUND AN INDICATOR LIKE THAT HERE ??


((((

i want an indicator that draw up and down arrows above and below the candles when

the green line cross the red line

and i want a parameter called (( yellow)) when i make it true the up arrow drown when the green line cross the red line and yellow line up ( instead of the green cross the red only ))

and the down arrow drown when the green line cross the red line and yellow line down

)))

CAN ANY ONE HELP
  • #29,214
  • Jan 15, 2014 5:32am Jan 15, 2014 5:32am
Quoting zelenko
HELLO EVERY ONE CAN I FOUND AN INDICATOR LIKE THAT HERE ?? (((( i want an indicator that draw up and down arrows above and below the candles when the green line cross the red line and i want a parameter called (( yellow)) when i make it true the up arrow drown when the green line cross the red line and yellow line up ( instead of the green cross the red only )) and the down arrow drown when the green line cross the red line and yellow line down ))) CAN ANY ONE HELP
Please go to:

Post #18,881

Thank You.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,215
  • Jan 15, 2014 5:49am Jan 15, 2014 5:49am
Quoting emmanuel7788
{quote} Please go to: Post #18,881 Thank You.
emmanuel7788 your input into this thread is incredible, such fantastic teaching and knowledge i think we should all know now what it means to give back when you are successful

Shane.
  • #29,216
  • Jan 15, 2014 6:09am Jan 15, 2014 6:09am
Quoting WDays
Ohhhh... Momentum wasn't fierce, and the trade was turning pretty convincingly, I didn't want to give back too much. Guess it was my bad and should have let SL or TP be hit. I even moved my initial 50 pip TP to 30 because of a confluence of TL+historical support+fibo, eventually my first TP would have been hit, but such is life. {image}

Think we took the same trade
Edit: Added the m5 chart underneath.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpymh1.png Size: 23 KB
Click to Enlarge Name: eurjpymm5.png Size: 33 KB
  • #29,217
  • Jan 15, 2014 6:17am Jan 15, 2014 6:17am
Emmanuel I understand you use the break of the TOK_5H range (if it's small) as one of your reasons to enter the trade, may I know how'd you decide on "using 5" hours?
  • #29,218
  • Jan 15, 2014 6:33am Jan 15, 2014 6:33am
Made this trade last night with EU before i went to bed. I took it because price made a double top, and was in a small range, so i waited for a candle to break out of the range. On the daily TF price moved down and retraced back to a previous support level now resistance. TDI had crossed and was beginning to cross the MBL. Bearish divergence was also present on the chart that i noted with some trendlines. After the trade was good around +20 pips i moved my S/L to around break even but I plan on closing this trade due to the important USD news coming out in an hour and now i have to go to work. I wish i could watch this trade . What do you guys think. +25 Pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-01-15 at 6.29.26 AM.png Size: 48 KB
  • #29,219
  • Jan 15, 2014 6:40am Jan 15, 2014 6:40am
Quoting lastingwell
{quote} Think we took the same trade Edit: Added the m5 chart underneath. {image} {image}
It would appear so. I am still not used to trading during the asian session, would have been an easy trade if I had just let it hit SL or TP.
  • #29,220
  • Jan 15, 2014 6:49am Jan 15, 2014 6:49am
Quoting WDays
{quote} It would appear so. I am still not used to trading during the asian session, would have been an easy trade if I had just let it hit SL or TP.
I would usually do as Bizzle always says and wait for a lower high and in hindsight it would have been a shorter and better trade if I'd waited for it, but never mind, it got there in the end
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