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  • #30,541
  • Feb 8, 2014 7:25pm Feb 8, 2014 7:25pm
For those who are trading EURAUD pair, here is what I would like to share with you.
This is for next week' trading and also the coming weeks in Feb month.

Be caution that China resume business next week after the Lunar New Year holidays and we expect more liquidity, and market will slowly pick up speed. So I am watching closely the Aussie strength... AUDUSD, EURAUD, GBPAUD,

Trade Well.
Attached File(s)
File Type: pdf Big Picture Planning for EURAUD.pdf   226 KB | 1,338 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,542
  • Feb 9, 2014 12:46am Feb 9, 2014 12:46am
Quoting OzFXtrader82
{quote} Hi Irishtoffy, My broker is Go Markets here in Australia. I'm glad I'm not the only one having this problem. I had a closer look today at all my charts and some of them haven't updated the info since june 2012 so this is quite a strange problem. I guess we just wait and see what happens on Monday morning!
My MT4 is working fine today. So that is now 2 saturdays in a row it has been down or unable to make a connection.

Is your's working today?
  • #30,543
  • Feb 9, 2014 1:40am Feb 9, 2014 1:40am
Quoting irishtoffy
{quote} My MT4 is working fine today. So that is now 2 saturdays in a row it has been down or unable to make a connection. Is your's working today?
No I'm still offline Irishtoffy. I rebooted and tried logging in again but with no luck. Hopefully its not my brokers way of telling me they went bankrupt as of close of business Friday! I'm sure it has something to do with the build 600. I'll let u know when it gets fixed and what the problem is. It has been frustrating not looking at current charts over the weekend. Its 44 degrees Celsius here so there isnt much else to do!

Oz
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #30,544
  • Feb 9, 2014 2:39am Feb 9, 2014 2:39am
Quoting OzFXtrader82
{quote} No I'm still offline Irishtoffy. I rebooted and tried logging in again but with no luck. Hopefully its not my brokers way of telling me they went bankrupt as of close of business Friday! I'm sure it has something to do with the build 600. I'll let u know when it gets fixed and what the problem is. It has been frustrating not looking at current charts over the weekend. Its 44 degrees Celsius here so there isnt much else to do! Oz
Hi,

I don't normally hang out in this thread (used to), but noticed your dilemma ... I'm on GoMarkets too but for me it all works on Demo and on the Real 2 server. It seems they've already updated to build 604, so maybe it's worth you trying to download the latest version and seeing if that fixes it?

Best of luck!

Ant
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #30,545
  • Feb 9, 2014 4:06am Feb 9, 2014 4:06am
Quoting antantnz
{quote} Hi, I don't normally hang out in this thread (used to), but noticed your dilemma ... I'm on GoMarkets too but for me it all works on Demo and on the Real 2 server. It seems they've already updated to build 604, so maybe it's worth you trying to download the latest version and seeing if that fixes it? Best of luck! Ant
Hi Ant,

Thanks for your input. I tried logging in with Real 2 server and the rest of the real options but with no success. My mobile account still works on my phone so there is obviously something that needs tinkering on my brokers end. I checked the build and mine is still 600 not 604 like yours so I'd say thats the problem. Can I download the 604 version without completely re-installing mt4 on my PC?
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #30,546
  • Feb 9, 2014 5:31am Feb 9, 2014 5:31am
Thanks Britpip7
I'm forward testing with FT2 so I should get used to it before starting live.

Cheers
  • #30,547
  • Feb 9, 2014 5:54am Feb 9, 2014 5:54am
Quoting emmanuel7788
{quote} {image} EU 7 Feb update: Our D chart entry played out yesterday helped by weaker US data. Today is US NFP, and should the date trun out lower than the forecast, we may hit our 150pips target for this week 4H swing. Let's manage this well. I added one postion during the retrecement and had scaled out some positons yesterday and try to reduce the overl risk. The knee jerk reaction to the NFP data will be violent so learn to stay away from that. Trade Well. EMMANUEL add chart for D trades: {image}
Trade update:
Took some profit after Friday NFP and protected positions over the weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: EU week 06 H4 trades update1.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,548
  • Feb 9, 2014 5:57am Feb 9, 2014 5:57am
Quoting emmanuel7788
GU H4 trades 7 Feb: Today GU trades taken using the retracement to build up positions. {image} Will taking profits soon watching how London will close and before NYO close today.
GU trade update:

Closed one position after NFP to cover some risk and kept 2 positions over the weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: GU week 06 H4 trade update1.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,549
  • Feb 9, 2014 6:36am Feb 9, 2014 6:36am
Hi,

I see that some are using a moving average tunnel instead of the OP's original moving average.
I've searched info about the settings but I didn't find, sorry
- what should be the settings of the moving average? All I found is that it it shifted
- how exactly so you trade it? As soon as it is broken? Or is it just used for confirmation?
- Same for the tunnel. Do you enter as soon as the upper limit is broken?

Thanks for your advice
  • #30,550
  • Feb 9, 2014 7:07am Feb 9, 2014 7:07am
Quoting alt11
Hi, I see that some are using a moving average tunnel instead of the OP's original moving average. I've searched info about the settings but I didn't find, sorry - what should be the settings of the moving average? All I found is that it it shifted - how exactly so you trade it? As soon as it is broken? Or is it just used for confirmation? - Same for the tunnel. Do you enter as soon as the upper limit is broken? Thanks for your advice
Do you mean the Price Action Channel (PAC) ? It's 2 smoothed 5 period MAs set to high and to low... You can look up Dean Malone's SYNERGY method for more info.
  • #30,551
  • Feb 9, 2014 7:38am Feb 9, 2014 7:38am
Quoting alt11
How can I see if the price is above or below the close of the previous bar. Thanks for your help
I have 2 charts opened side by side when I trade.

Attached Image (click to enlarge)
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Everything you can imagine, is real - Pablo Picasso
  • #30,552
  • Feb 9, 2014 7:52am Feb 9, 2014 7:52am
Quoting OzFXtrader82
{quote} No I'm still offline Irishtoffy. I rebooted and tried logging in again but with no luck. Hopefully its not my brokers way of telling me they went bankrupt as of close of business Friday! I'm sure it has something to do with the build 600. I'll let u know when it gets fixed and what the problem is. It has been frustrating not looking at current charts over the weekend. Its 44 degrees Celsius here so there isnt much else to do! Oz
That is not good news eh!
  • #30,553
  • Edited 8:35am Feb 9, 2014 8:19am | Edited 8:35am
Quoting emmanuel7788
For those who are trading EURAUD pair, here is what I would like to share with you. This is for next week' trading and also the coming weeks in Feb month. Be caution that China resume business next week after the Lunar New Year holidays and we expect more liquidity, and market will slowly pick up speed. So I am watching closely the Aussie strength... AUDUSD, EURAUD, GBPAUD, Trade Well. {image}
Hey thanks for the pdf, good read. Like you, I am having doubts about an up-move on the pair because AUD is very strong. Seems to me it'll likely consolidate at this current price region before breaking down. That said, a long trade here in line with the daily and weekly trend is pretty good with a solid potential of 370+ pips minimum to the upside, as long as you apply a time stop (4 days or so) to the trade.

Basically 2 tradeable scenarios:

1. Price consolidates in this zone and breaks down, perhaps hitting the 38/50% retracement of the 4H candle as you have pointed out.
2. Price heads up and tests 1.55x region - can go either up or down from there.

Given daily trend I would be usually biased to the long trade, but if you watch AUD/USD you realise the aud strength is extraordinary so I am neutral on this one.
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  • #30,554
  • Feb 9, 2014 8:36am Feb 9, 2014 8:36am
GBPAUD for those who have strong stomache.
This pair is brutal.
Attached Image (click to enlarge)
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  • #30,555
  • Feb 9, 2014 8:46am Feb 9, 2014 8:46am
AUD/USD.
Those pinbars doesn't look to good. Wouldn't be surprised if we got a pullback in Aussie.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot from 2014-02-09 15:44:46.png Size: 33 KB
  • #30,556
  • Feb 9, 2014 8:49am Feb 9, 2014 8:49am
Some Aud pairs looks like they're ready to explode downwards tho regardless of the positive news. Like the AUDNZD daily.

Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #30,557
  • Feb 9, 2014 8:50am Feb 9, 2014 8:50am
Quoting attilafx
AUD/USD. Those pinbars doesn't look to good. Wouldn't be surprised if we got a pullback in Aussie. {image}
possible, or this? my view is, if it's 50-50 then don't trade; it's usually right to follow the daily trend, until it isn't. consolidation + counter-trend breakout is one of those scenarios in which trend trades should wait.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: orthis.png Size: 56 KB
Click to Enlarge Name: AUDUSD.png Size: 28 KB
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  • #30,558
  • Feb 9, 2014 8:54am Feb 9, 2014 8:54am
Quoting shellsnail
{quote} possible, or this? {image} {image}
It would be healthy to pullback to at least 8888. If that fails to hold we might visit 8560 or so. I don't see it going up yet.
  • #30,559
  • Feb 9, 2014 9:00am Feb 9, 2014 9:00am
And, EUR/AUD held it's key support. Usually this is inverse to AU. So if EA goes up you will see pressure on AU.
If EA clears that resistance, it will go up and put more pressure on AU. Very interesting.
Perhaps we will see masive Euro buying the coming week. EUR/GBP EUR/AUD EUR/USD EUR/JPY.
Attached Image (click to enlarge)
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  • #30,560
  • Edited 9:19am Feb 9, 2014 9:07am | Edited 9:19am
Quoting attilafx
And, EUR/AUD held it's key support. Usually this is inverse to AU. So if EA goes up you will see pressure on AU. If EA clears that resistance, it will go up and put more pressure on AU. Very interesting. Perhaps we will see masive Euro buying the coming week. EUR/GBP EUR/AUD EUR/USD EUR/JPY. {image}
agree with possible eur strength (but then again, anything is possible, question is what is more possible...), but eur is due for a pullback too! lol.

but anyway all these speculation is pointless unless trade plans can be formulated with good RR/ probability...

Attached Image (click to enlarge)
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How I would trade this potentially (but I am not doing it because my bias is NEUTRAL.) cost average = put 1/4 of position size.

Attached Image (click to enlarge)
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