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  • #41
  • Feb 3, 2014 10:40am Feb 3, 2014 10:40am
Quoting WDays
It was setup nicely, sadly I was away from my 'puter... {image}
Wdays, great you started your own thread...always enjoy hearing your wisdom in TMS.

I just wondered when you would have entered this trade, would it have been on the break of the lower trendline before the candle closes? (if so, how do you avoid it from turning out to be a fakey?)

Sorry for the newbie question, I'm finding I see good setups but never enter in fear of entering in too late...

All the best,
  • #42
  • Feb 3, 2014 10:48am Feb 3, 2014 10:48am
Quoting Gareth22
{quote} Wdays, great you started your own thread...always enjoy hearing your wisdom in TMS. I just wondered when you would have entered this trade, would it have been on the break of the lower trendline before the candle closes? (if so, how do you avoid it from turning out to be a fakey?) Sorry for the newbie question, I'm finding I see good setups but never enter in fear of entering in too late... All the best,
Hey this thread isn't meant to undermine TMS in any way. I'm actually still posting on there too, just felt I needed to let some steam off every once in a while in a thread where I can take more liberties

I would have most likely dropped to M5 to enter, and I would have done so at the first candle that closes below the lower channel boundery. This is all hindsight, but that's how I usually go for such setups.
  • #43
  • Feb 3, 2014 11:31am Feb 3, 2014 11:31am
Well I guess we're off to another week of bearish scenarios....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ.png Size: 32 KB
Click to Enlarge Name: GU.png Size: 31 KB
  • #44
  • Edited 11:53am Feb 3, 2014 11:36am | Edited 11:53am
GC long 1Hr Large timeframe Daily

another pivot rejection
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadh1.png Size: 64 KB
.... laughing all the way to the bank
  • #45
  • Feb 3, 2014 11:55am Feb 3, 2014 11:55am
and the same trade on the 15 min chart superimposed over 4 Hr candles
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadm15.png Size: 36 KB
.... laughing all the way to the bank
  • #46
  • Feb 3, 2014 11:56am Feb 3, 2014 11:56am
Quoting itsallover
and the same trade on the 15 min chart superimposed over 4 Hr candles {image}

It seems to be going well! Got my fingers crossed for you pipbuddy
  • #47
  • Feb 3, 2014 12:31pm Feb 3, 2014 12:31pm
Quoting WDays
{quote} It seems to be going well! Got my fingers crossed for you pipbuddy

Thankyou WD. Its my second attempt. The first one broke through support and it was not a rejection of the pivot.
.... laughing all the way to the bank
  • #48
  • Feb 3, 2014 12:37pm Feb 3, 2014 12:37pm
GU playing around with last month's low. Make or break? Will we be truly headed for a bear run on GU?
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 35 KB
  • #49
  • Feb 3, 2014 12:46pm Feb 3, 2014 12:46pm
GU/GJ have a strong correlation. Both taking the nosedive.

GA on the other hand seems to be retracing to a trendline. Aussie dollar made a killing lately with recent rumors that the RBA might be ending their easing cycle tonight....
Attached Image (click to enlarge)
Click to Enlarge Name: GA.png Size: 37 KB
  • #50
  • Feb 3, 2014 12:51pm Feb 3, 2014 12:51pm
Quoting WDays
GU/GJ have a strong correlation. Both taking the nosedive. GA on the other hand seems to be retracing to a trendline. Aussie dollar made a killing lately with recent rumors that the RBA might be ending their easing cycle tonight.... {image}

PA is just above the EMA89 on the GU daily..... lets see if it bounces or plows through
.... laughing all the way to the bank
  • #51
  • Feb 3, 2014 12:55pm Feb 3, 2014 12:55pm
EA breaking a minor trendline, wonder if anyone took this... had to be fast
Attached Image (click to enlarge)
Click to Enlarge Name: EA.png Size: 37 KB
  • #52
  • Feb 3, 2014 12:58pm Feb 3, 2014 12:58pm
Quoting WDays
EA breaking a minor trendline, wonder if anyone took this... had to be fast {image}

I took that one
.... laughing all the way to the bank
  • #53
  • Feb 3, 2014 1:00pm Feb 3, 2014 1:00pm
Quoting itsallover
{quote} I took that one
Great I'm pretty happy with the way market is looking...
  • #54
  • Feb 3, 2014 1:00pm Feb 3, 2014 1:00pm
Quoting WDays
{quote} Great I'm pretty happy with the way market is looking...

Get ready to trade the return on EA
.... laughing all the way to the bank
  • #55
  • Feb 3, 2014 1:34pm Feb 3, 2014 1:34pm
GCAD is consolidating. Will have to leave it overnight perhaps.
.... laughing all the way to the bank
  • #56
  • Feb 3, 2014 2:13pm Feb 3, 2014 2:13pm
I wonder how flat Asia will be after all these huge moves

While I wait for Tokyo...

Inserted Video
  • #57
  • Edited 4:27pm Feb 3, 2014 4:10pm | Edited 4:27pm
.... not to be outdone....

.... have a brandy.... (you need headphones for this)

Inserted Video
.... laughing all the way to the bank
  • #58
  • Feb 3, 2014 11:41pm Feb 3, 2014 11:41pm
EURCHF shows a good channel on daily TF --- looking for a buy @1.230
  • #59
  • Feb 4, 2014 2:00am Feb 4, 2014 2:00am
Morning everyone.

Asian session wrap: RBA left rates unchanged, AUD gained against EUR, GBP and USD. Yen crosses are moving very slowly, I see EJ and GJ retraced a bit during the night, nothing crazy. This morning seems like it won't present any entry opportunity to my liking. I could eventually try to establish a narrow range and wait for a breakout of it on a low timeframe.
  • #60
  • Feb 4, 2014 2:03am Feb 4, 2014 2:03am
Quoting Luck21
EURCHF shows a good channel on daily TF --- looking for a buy @1.230
Would you mind illustrating your statement with a chart? I can't see any recent channel... Thanks
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