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  • #29,941
  • Jan 27, 2014 10:16pm Jan 27, 2014 10:16pm
And one more trade for 80 pips on a bounce off the trendline with TDI confirmation. Headed for bed so I closed the trade at resistance but I would not be surprised if price continued on down. There isn't really any reason to expect a reversal. A PCRF has finished forming on the Daily chart, the H4 is still moving down from a PCRF formed before LO yesterday.....I'll be back at LO and maybe find a new entry.
Attached Image (click to enlarge)
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  • #29,942
  • Jan 28, 2014 12:01am Jan 28, 2014 12:01am
Good morning,

On GBPNZD 4h chart there is a TDI cross and candle going down, but today is Preliminary British GDP and I am afraid of its outcome
Would you take this trade?

With my regrads
  • #29,943
  • Jan 28, 2014 12:03am Jan 28, 2014 12:03am
Afternoon All,

Does anyone know the link to "B E's" posts, There was a PDF made of all his posts by one of the traders, But I am unable to find it.

cheers

Mark up
Make sure that the light at the end of the tunnel is not an on coming train
  • #29,944
  • Jan 28, 2014 12:07am Jan 28, 2014 12:07am
Quoting Mark up
Afternoon All, Does anyone know the link to "B E's" posts, There was a PDF made of all his posts by one of the traders, But I am unable to find it. cheers Mark up

Hey,

Here you go
Attached File(s)
File Type: pdf Best of BigE.pdf   130 KB | 614 downloads
  • #29,945
  • Jan 28, 2014 12:08am Jan 28, 2014 12:08am
Quoting snshne
{quote} Hey, Here you go {image}


Thanks snshne,

You have helped me heaps.

cheers

Mark up
Make sure that the light at the end of the tunnel is not an on coming train
  • #29,946
  • Jan 28, 2014 12:34am Jan 28, 2014 12:34am
Quoting Phx62
And one more trade for 80 pips on a bounce off the trendline with TDI confirmation. Headed for bed so I closed the trade at resistance but I would not be surprised if price continued on down. There isn't really any reason to expect a reversal. A PCRF has finished forming on the Daily chart, the H4 is still moving down from a PCRF formed before LO yesterday.....I'll be back at LO and maybe find a new entry.{image}
Outstanding and fearless trading sir. Just a quick question: In all three trades we have a PCRF candle and you have enter on 1st/3rd trades at the break of PCRF candle and on second trade before even it brakes the PCRF candle. In second trade I do not even see the TDI cross. Is it trend line or PA keeps you going?

Thanks in advance, hoperich
  • #29,947
  • Jan 28, 2014 12:58am Jan 28, 2014 12:58am
Quoting hoperich
{quote} CT trade. Market is still making HH and HL. If you draw a trend line, it is still not broken yet. I would wait for clear signal just like PHX62 mentioned in one of his PDF's. Wait for green/red lines move down from 68 level and also the MBL line for better reversal signal.
We can make much more pips if we concentrate on the current time frame I guess.
But follow the longer trend is the key. Just an opinion. After all we are all here to make some pips and learn from experts.
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  • #29,948
  • Jan 28, 2014 1:13am Jan 28, 2014 1:13am
Quoting hoperich
{quote} Outstanding and fearless trading sir. Just a quick question: In all three trades we have a PCRF candle and you have enter on 1st/3rd trades at the break of PCRF candle and on second trade before even it brakes the PCRF candle. In second trade I do not even see the TDI cross. Is it trend line or PA keeps you going? Thanks in advance, hoperich

The second trade he talked about in this post: http://www.forexfactory.com/showthre...14#post7240914 where he said it was a 15min pcrf.
  • #29,949
  • Jan 28, 2014 1:18am Jan 28, 2014 1:18am
Quoting lastingwell
{quote} The second trade he talked about in this post: http://www.forexfactory.com/showthre...14#post7240914 where he said it was a 15min pcrf.
Thank you lastingwell. I missed the 15 min PCRF comment in Phx62 post and just got exited about the trades he took. Now I understand.

Regards, hoperich
  • #29,950
  • Jan 28, 2014 1:27am Jan 28, 2014 1:27am
Quoting hoperich
{quote} We can make much more pips if we concentrate on the current time frame I guess. But follow the longer trend is the key. Just an opinion. After all we are all here to make some pips and learn from experts. {image}

if you are looking at trade results measured in pips, you need to know lot more of every currency pair you trade.
you need to know its H1 range, its H4 range, its Daily range, its Weekly range, etc.

Look at EU for example,

its D range has dropped to about 70pips. So if we think we can catch 50pips for intraday trading, it wont come easy. unless you have the skills to pick top and bottom. The days when EU traded above 100pips per day is over.

If we look for long term profitability, look at the $$$financial objective of your trading business. The risk reward per trade is more important and the Expectancy of your trading is also important. The number of pips per trade is less important.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,951
  • Jan 28, 2014 1:42am Jan 28, 2014 1:42am
Quoting Moonie
Anyone out there know of an indicator that will alert me when there is a candle of a pre-determined size and a wick of a minimal size? I'm basically trying to identify bullish candles with little or no wick on the top and bearish candles with little or no wick on the bottom. Many thanks.

Moonie,

wrong place to ask for such thing.

you should wait for reply here: http://www.forexfactory.com/showthread.php?t=302104

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,952
  • Jan 28, 2014 4:00am Jan 28, 2014 4:00am
+50 on EJ this morning. Not the ideal step up on m5, the better entry would have been London open but I had to go out so took the chance, h1 was making higher lows, bullish divergence on m5, waited for Frankfurt's (usual) fakeout, then went in. I set a 30 pip trailing stop as I wasn't going to be here to watch it.
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  • #29,953
  • Jan 28, 2014 4:11am Jan 28, 2014 4:11am
Quoting Phx62
And one more trade for 80 pips on a bounce off the trendline with TDI confirmation. Headed for bed so I closed the trade at resistance but I would not be surprised if price continued on down. There isn't really any reason to expect a reversal. A PCRF has finished forming on the Daily chart, the H4 is still moving down from a PCRF formed before LO yesterday.....I'll be back at LO and maybe find a new entry.{image}
Wow, I made the exact same trades! Tbh I just saw on H4 the price was retracing toward Fib50 and 200ema and I tried to copy your style trading H1 waves, watching PCRF and paying less attention to TDI cross.
  • #29,954
  • Edited 4:56am Jan 28, 2014 4:46am | Edited 4:56am
Thanks to Phx62 as he pointed yesterday to the trendy EURAUD-H1, which I had not on my screen

Gave me 52 pips on EURAUD H1 this morning
Another tiring 39 pips on EURJPY H1 as it finally reached the targeted 141,00 level.
Attached Image(s) (click to enlarge)
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fxFox (all times in my charts are GMT+1)
  • #29,955
  • Jan 28, 2014 5:02am Jan 28, 2014 5:02am
EJ and GJ setting up a pin bar off marked R zone...
Attached Image(s) (click to enlarge)
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  • #29,956
  • Jan 28, 2014 5:02am Jan 28, 2014 5:02am
GJ H1 28 Jan:

A 3-bar reversal seen now GMT1100.
What is the risk for this setup?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,957
  • Jan 28, 2014 5:07am Jan 28, 2014 5:07am
GU H1 28 Jan LO trade:

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,958
  • Jan 28, 2014 5:07am Jan 28, 2014 5:07am
Quoting lastingwell
+50 on EJ this morning. Not the ideal step up on m5, the better entry would have been London open but I had to go out so took the chance, h1 was making higher lows, bullish divergence on m5, waited for Frankfurt's (usual) fakeout, then went in. I set a 30 pip trailing stop as I wasn't going to be here to watch it. {image} {image} {image}
Trying to copycat you, took the trade an hour after tokyo open... +50 also

Just barely hit my TP, I entered while there was still no momentum, I should have waited for london open. I got a bit lucky here... Even though bias was to the upside
Attached Image(s) (click to enlarge)
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  • #29,959
  • Jan 28, 2014 5:11am Jan 28, 2014 5:11am
Quoting emmanuel7788
GJ H1 28 Jan: A 3-bar reversal seen now GMT1100. What is the risk for this setup?
The up trend so far this week seems relatively strong? Because previous CS show little to no lower wicks?
  • #29,960
  • Jan 28, 2014 5:18am Jan 28, 2014 5:18am
Quoting irishtoffy
{quote} The up trend so far this week seems relatively strong? Because previous CS show little to no lower wicks?
the pull back happen at CONFLUENCE of Prev W Fib 50% and Prev D Fib 127% and RN 171.00.

this setup very tempting but D bullish bias

I rather wait for H4 to show bearish momentum.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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