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  • #29,701
  • Jan 23, 2014 12:08am Jan 23, 2014 12:08am
A small trade in Asian session using PHX62 "PCRF" method. Entered on 3rd leg with TDI cross. TP is at H4 low. The price hit 200EMA three times and rejected. Although the EJ is in consolidation, but if your entry is correct, the small profits can be easily achieved.
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  • #29,702
  • Jan 23, 2014 12:13am Jan 23, 2014 12:13am
Hello everyone

Is this a good sell opportunity ?
For me it seems like it is.
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  • #29,703
  • Jan 23, 2014 12:23am Jan 23, 2014 12:23am
What is the PCRF method and around which page can I read about it? Thanks.
Everything you can imagine, is real - Pablo Picasso
  • #29,704
  • Jan 23, 2014 12:23am Jan 23, 2014 12:23am
Quoting snshne
Hello everyone Is this a good sell opportunity ? For me it seems like it is. {image}
From my opinion, we should wait for next red candle for confirmation. The last blue candle is "PCRF" and next red candle is setup. The entry should be at new red candle after it brakes the red setup low. Also wait for TDI cross, because usually when red line is pointing up, the green bounces and give long signal.
Experts please advise?
  • #29,705
  • Jan 23, 2014 12:35am Jan 23, 2014 12:35am
Quoting Direwolf
What is the PCRF method and around which page can I read about it? Thanks.
Please read post# 29,457 and it is posted by PHX62. The spreadsheet is attached with that post. The PCRF stands for "Pullback Candle Reversal Formation". You can add it in your tool box, but remember always look for bigger picture as Emmanuel7788 posted couple of times the short term/intermediate/long term trends diagram using 15M/H1/H4 swings.

Hope this help,

Thanks, hoperich.
  • #29,706
  • Jan 23, 2014 12:42am Jan 23, 2014 12:42am
Thank you.
Everything you can imagine, is real - Pablo Picasso
  • #29,707
  • Jan 23, 2014 12:45am Jan 23, 2014 12:45am
Quoting Lane
{quote} Hi Helanka, Check out these videos, watch each video twice if necessary. It will in essence answer all you need to know. http://www.protradenetwork.com/categ...aining-videos/
Nice video.
Do you watch this videos every week before start market?

Helanka
Helanka
  • #29,708
  • Jan 23, 2014 12:46am Jan 23, 2014 12:46am
Quoting snshne
Hello everyone Is this a good sell opportunity ? For me it seems like it is. {image}

Hi snshne,

here is my view on D chart.
There is a historical S&R 172.72 a swing level seen on the MN chart.
The price play around this MN levels can move +/- 100 pips, so no garantee that will stop any H4 trade.

This week , we see a confluence of Prev W Fiub-r 127% near that level. We still need to wait till the current H4 candle close.

Managing this trade is key and get some pips.

Trade Well!

EMMANUEL
D View:4

Attached Image (click to enlarge)
Click to Enlarge Name: GJ week 04 D view 23 Jan .png Size: 54 KB


H4 View:

Attached Image (click to enlarge)
Click to Enlarge Name: GJ week H4 view 23 Jan.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,709
  • Jan 23, 2014 12:47am Jan 23, 2014 12:47am
Quoting lastingwell
{quote} 1. I check D1 before I start trading for the day, and I check H4 before I take a trade. 2. On D1 I look for any particular candle pattern I should bear in mind, like a pin bar for instance that might affect the trades, but its not set in stone just something to bear in mind. On H4 before a trade I like to see it at least starting to move the way I'm trading, for instance a pullback candle, candle turning the right colour, anything that would give me a clue that it could go the way I'm wanting to trade. 3. I check those timeframes as well....
Thanks Lastingwell

Helanka
Helanka
  • #29,710
  • Jan 23, 2014 12:48am Jan 23, 2014 12:48am
Quoting emmanuel7788
{quote} Helanka: Hindsight is 20:20 vision In hindsight, I can write a 500 words post why those trades ended in loss. But just to keep it simple, we must always be extra cautious when we trade in the shadow and when the day traded range has dropped below 90pips for this pair. You can't get 50pips so easily unless you can execute trades perfectly with those setups. regards, EMMANUEL

Thank you sir

Helanka
Helanka
  • #29,711
  • Jan 23, 2014 12:52am Jan 23, 2014 12:52am
Quoting hoperich
A small trade in Asian session using PHX62 "PCRF" method. Entered on 3rd leg with TDI cross. TP is at H4 low. The price hit 200EMA three times and rejected. Although the EJ is in consolidation, but if your entry is correct, the small profits can be easily achieved. {image}
Hi buddy

Nice trade.

Helanka
Helanka
  • #29,712
  • Jan 23, 2014 12:54am Jan 23, 2014 12:54am
Quoting emmanuel7788
{quote} Hi snshne, here is my view on D chart. There is a historical S&R 172.72 a swing level seen on the MN chart. The price play around this MN levels can move +/- 100 pips, so no garantee that will stop any H4 trade. This week , we see a confluence of Prev W Fiub-r 127% near that level. We still need to wait till the current H4 candle close. Managing this trade is key and get some pips. Trade Well! EMMANUEL D View:4 {image} H4 View: {image}
But if it can become a potential support why would anyone shorten it ?
Am I not understanding something or just too dumb to see obvious things ?
  • #29,713
  • Jan 23, 2014 12:58am Jan 23, 2014 12:58am
Quoting emmanuel7788
AU 23 Jan News trading with TMS: {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AU SYD_2H 23 Jan PMI.png Size: 46 KB


Took this SYD_2H trade with the PMI news release.

Attached Image (click to enlarge)
Click to Enlarge Name: AU SYD_2H 23 Jan PMI trade.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,714
  • Jan 23, 2014 1:01am Jan 23, 2014 1:01am
Quoting emmanuel7788
{quote} Hi snshne, here is my view on D chart. There is a historical S&R 172.72 a swing level seen on the MN chart. The price play around this MN levels can move +/- 100 pips, so no garantee that will stop any H4 trade. This week , we see a confluence of Prev W Fiub-r 127% near that level. We still need to wait till the current H4 candle close. Managing this trade is key and get some pips. Trade Well! EMMANUEL D View:4 {image} H4 View: {image}
Watching and waiting.......1 more hour to current H4 candle closes with my broker


irishtoffy
  • #29,715
  • Jan 23, 2014 1:40am Jan 23, 2014 1:40am
Quoting emmanuel7788
{quote} {image} Took this SYD_2H trade with the PMI news release. {image}
got in on bearish continuation on AU. Went down to 15m tf and saw TDI cross

EDIT: sorry Emmanuel, currency weakening more
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Daniel
  • #29,716
  • Jan 23, 2014 2:08am Jan 23, 2014 2:08am
what a great way to start a day, +40 pips after the break of IB with a PCRF , that was before the news and when the news came out it reached TP in no time
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  • #29,717
  • Jan 23, 2014 2:10am Jan 23, 2014 2:10am
Euro soars with better than expected French PMI.
In 20mins will be Germany' PMI...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,718
  • Jan 23, 2014 2:10am Jan 23, 2014 2:10am
Quoting geomoon
what a great way to start a day, +40 pips after the break of IB with a PCRF , that was before the news and when the news came out it reached TP in no time {image}

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,719
  • Jan 23, 2014 2:12am Jan 23, 2014 2:12am
Quoting Greenb
{quote} got in on bearish continuation on AU. Went down to 15m tf and saw TDI cross EDIT: sorry Emmanuel, currency weakening more {image}

... paper loss.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,720
  • Jan 23, 2014 2:12am Jan 23, 2014 2:12am
Quoting irishtoffy
{quote} Watching and waiting.......1 more hour to current H4 candle closes with my broker irishtoffy

H1 PCRF with IB breakout ... UP!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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