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  • #30,161
  • Jan 31, 2014 3:52am Jan 31, 2014 3:52am
GU H1 31 Jan 3-bars bearish setup.

Attached Image (click to enlarge)
Click to Enlarge Name: GU H1 31 Jan 3-bars Bearish setup.png Size: 32 KB


I saw that setup and added one position.
But I had to wait for a better entry price.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,162
  • Jan 31, 2014 3:55am Jan 31, 2014 3:55am
Quoting redfan
{quote} can you help why is my eur/aud h1 not the same as your eu/aud h1 {image}

redfan:

The price bars look the same.
You have the TDI at default setting - 13,0,7,34.
Maybe my TDI look different if that is your question.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,163
  • Jan 31, 2014 3:58am Jan 31, 2014 3:58am
@Redfan

If your candle looks different, it could be because your broker closes each candle at a different time. We cannot change this timing on our end, it's tied to each broker.

Here's what mine looks like. default TDI

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-31_1655_EU.png Size: 9 KB
Everything you can imagine, is real - Pablo Picasso
  • #30,164
  • Jan 31, 2014 4:00am Jan 31, 2014 4:00am
Quoting emmanuel7788
GU H1 31 Jan 3-bars bearish setup. {image} I saw that setup and added one position. But I had to wait for a better entry price.
LO gave you a nice rebound to enter i guess. I'm not eager going short GU since there is Y's Low, RN, EMA800 nearby and I see support @1.6448
Perhaps EUR CPI tells us more
  • #30,165
  • Jan 31, 2014 4:01am Jan 31, 2014 4:01am
Been a while since I've traded M15 (without MTF at least)...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15.png Size: 52 KB
  • #30,166
  • Jan 31, 2014 4:12am Jan 31, 2014 4:12am
Completely oblivious to the news, could have had a 50 pip TP, I was in a freetrade Oh well...
  • #30,167
  • Jan 31, 2014 4:15am Jan 31, 2014 4:15am
Would the first bull candle considered an LO fake out WD? Formed double top, enter the break of first bear candle?

Breaking my trend line downwards.

Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #30,168
  • Jan 31, 2014 4:15am Jan 31, 2014 4:15am
Quoting WDays
Been a while since I've traded M15 (without MTF at least)... {image}

that turnaround was really fast...good reflexes, good trade
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,169
  • Jan 31, 2014 4:22am Jan 31, 2014 4:22am
Quoting Direwolf
Would the first bull candle considered an LO fake out WD? Formed double top, enter the break of first bear candle? Breaking my trend line downwards. {image}
I saw LO setting up neatly, but I decided not to take advantage of it, due to the Trendline being really closeby. Eventually it managed to break the TL but was stopped by the 139.135 resistance.... I was following the logic that we're in an apparent downtrend on all the higher tfs, price keeps making lower highs and lows, and at the same time any attempt to move up fails.... So I waited it out, M15 gave a pretty good signal with stochs coming out of OB and TDI crossing, so I jumped the gun.

I guess if I were to enter via H1, it would be on the close of the previous candle, below the TL... But TDI never crossed to the downside, which is why I was only looking for 25 pips (half of what I usually aim for).

Quoting emmanuel7788
{quote} that turnaround was really fast...good reflexes, good trade
Thanks emmanuel
  • #30,170
  • Jan 31, 2014 4:23am Jan 31, 2014 4:23am
Quoting zwirN
{quote} LO gave you a nice rebound to enter i guess. I'm not eager going short GU since there is Y's Low, RN, EMA800 nearby and I see support @1.6448 Perhaps EUR CPI tells us more

zwirN:

Good observations. I waited for a retracement to get a better entry price. Usually a Fib 38/50 retracement level works out.
You noted prev D low and the lower support, price will bounce hence there is some risk.

We are still trading in the range of the H4 wide range bar, so I consider this to be wide range sideways market but more to the downside. The TDI is showing this direction but going to the oversold region. We just have to manage the risks and use proper money management under this type of situations.

Trade Well,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,171
  • Jan 31, 2014 4:26am Jan 31, 2014 4:26am
Quoting Nellycopter
And he posts one of protrader network vids anyway, please can we have a picture of an iceberg for the weekend just to get the number of off topic posts up, to keep this thread in the top ten....... Or maybe a Chinese dragon, what will we get .......... You will have to wait and see.....
Emmanuel spends hours editing charts and providing valuable information for us and makes a genuine difference to people's lives. He doesn't have to but thanks to him a lot of people have now become successful, or in my case, on the path to success. You may be entitled to post your opinion here but quite frankly it's not wanted. If Big E was still here (may he RIP) you would already have been banned....
  • #30,172
  • Jan 31, 2014 4:46am Jan 31, 2014 4:46am
Quoting pundit78
Entered long with small SL of 25 pips Target - 139.24 {image}
Closed manually at 139.17
  • #30,173
  • Jan 31, 2014 5:05am Jan 31, 2014 5:05am
Quoting WDays
Been a while since I've traded M15 (without MTF at least)... {image}
WDays,

I think we had the same thoughts, I also switched to the M15 and spotted the nice setup. +52 pips
Attached Image (click to enlarge)
Click to Enlarge Name: shortej_m15.png Size: 35 KB
  • #30,174
  • Jan 31, 2014 5:17am Jan 31, 2014 5:17am
Quoting Pipsmurfer
{quote} WDays, I think we had the same thoughts, I also switched to the M15 and spotted the nice setup. +52 pips {image}
It would appear we did, well done
  • #30,175
  • Jan 31, 2014 5:45am Jan 31, 2014 5:45am
Quoting emmanuel7788
For me it is very important to have a calm mind when I trade everyday. The video is something I watch frequently to remind me of the tough world out there and the reality. Trading the market is a mind game. We need mental fitness to survive. Hope this will help someone.
Thank you for your post Emmanuel , I had a bad start today and its help !
  • #30,176
  • Jan 31, 2014 5:51am Jan 31, 2014 5:51am
E/A H1 just shot upwards. Without looking at the TDI, was there any PA signal to enter?
Everything you can imagine, is real - Pablo Picasso
  • #30,177
  • Edited 6:16am Jan 31, 2014 5:59am | Edited 6:16am
EURAUD H1 - had long to wait this morning.

1st attempt to the downside didn't go further after the news => B/E
2nd attempt to the upside got great momentum in the last hour. => +72 pips

EA attempted several times to get above the low of the 29th (S/R).
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-31 12.45 EURAUD GMT+1.png Size: 170 KB
fxFox (all times in my charts are GMT+1)
  • #30,178
  • Jan 31, 2014 6:04am Jan 31, 2014 6:04am
good day all
audusd took this trade today on audusd but exited early not patient enough would have let it ride I was afraid but it went again in my direction I should have held on a little longer
audcad :+20pips took this my signal candle was the 1hr candle when I saw it pushing toward the support @0.9786 I move to 15 minutes as shown which gave a clear break of the support at that point I knew it will move to 61.8fib to find support there because that is were the next available strong support is.followed by cross of the tdi in 1Hr pushing downward I entered the trade.i took this trade along side the audusd but closed early for audusd for fear am still trying to gain confident here
additional comment welcome cos am still learning pls
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audcadtoday.jpg Size: 164 KB
Click to Enlarge Name: audusdtoday.jpg Size: 153 KB
  • #30,179
  • Jan 31, 2014 6:11am Jan 31, 2014 6:11am
And here is with -18 pips (at 1/2 pos. size) a small looser
GBPUSD H1

Currently it seems that this S/R will hold and we get another upmove - see what the news at 14:30 will bring us.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-31 12.45 GBPUSD GMT+1.png Size: 161 KB
fxFox (all times in my charts are GMT+1)
  • #30,180
  • Jan 31, 2014 6:20am Jan 31, 2014 6:20am
Quoting Direwolf
E/A H1 just shot upwards. Without looking at the TDI, was there any PA signal to enter?
Dire wolf,

I took this signal on the M15. Take profit near prev week 50 % wich was in confluence with 61.8 from the big downmove.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.m15.png Size: 28 KB
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