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  • #31,121
  • Feb 19, 2014 6:20am Feb 19, 2014 6:20am
Possible cross/signal on EJ Hourly. (Note candle hasn't closed yet!!).
Attached Image (click to enlarge)
Click to Enlarge Name: 19eurjpyh1.png Size: 33 KB
  • #31,122
  • Feb 19, 2014 6:22am Feb 19, 2014 6:22am
Quoting Fx94
Took a short trade on E/A H4. The trade is now -25 pips against me. What do you think... should I exit or stay in the trade ? Trade was taken on the original TMS rules. H4 red candle, TDI cross and TDI is comming from overbought area ? Best regards, FX94 {image}

Take a look at the D chart then decide.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,123
  • Feb 19, 2014 6:24am Feb 19, 2014 6:24am
Quoting hostwey
Possible cross/signal on EJ Hourly. (Note candle hasn't closed yet!!). {image}

Buying looks like a good idea as I see the intraday retracement is over.

Look at the D chart and see the potential.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,124
  • Feb 19, 2014 6:26am Feb 19, 2014 6:26am
Quoting emmanuel7788
Here is an example of a continuation setup trade. {image}
Did anyone follow EURCAD today?

What did you see when Tokyo open today and what happens now.

Attached Image (click to enlarge)
Click to Enlarge Name: EC week 08 19 Feb example.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,125
  • Feb 19, 2014 6:29am Feb 19, 2014 6:29am
Quoting Bizzzle
{quote} Did anyone follow my advise and short GJ?? I enter on the pullback between 50-61.8% fib, there was strong bearish divergence and also MBL was above 68 on the TDI.... Trade is over 100 pips in profit at the moment and will close with PA {image}
Price has just pulled back to the 38.2 fib of the last move down and 23.6 fib of the whole move!

Will we see continuation from here or a bigger pullback to where TheScorpS was talking about 61.8-78.6 fib.

best of luck
Give yourself a chance and trade it like it's layed out...
  • #31,126
  • Feb 19, 2014 7:01am Feb 19, 2014 7:01am
So quickly things change LOL - out with -5 pips and long now according to basic rules.

http://abload.de/img/2-19-20143-59-48pmofs48.png
  • #31,127
  • Feb 19, 2014 7:02am Feb 19, 2014 7:02am
Quoting fxFox.mb
GBPUSD H1 THE DARK SIDE OF NEWS .... I took 24 pips profit with 1/2 position before the news and placed the stop on B/E. A huge slipage turned my 24 pips winner into a 0 pips roundturn. Unfortunately my stop on B/E for the 2nd 1/2 position was filled by -24 pips. {image}
GBPUSD H1
shorted next candle on TDI cross, after some retracement of the news candle, where my prev. long 1/2 pos. was stopped out.

Exited in two steps, because at NY opening the move seems not to continue to the downside.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-19 15.45 GBPUSD GMT+1 - profit.png Size: 137 KB
fxFox (all times in my charts are GMT+1)
  • #31,128
  • Feb 19, 2014 7:03am Feb 19, 2014 7:03am
Quoting emmanuel7788
{quote} Did anyone follow EURCAD today? What did you see when Tokyo open today and what happens now. {image}
There was a lovely H4 pinbar that formed at the bottom of the channel earlier this day, that also couldn't break TDI 50 and MBL. I noticed it was a good bullish signal but at the moment I was in like 4 trades so I just decided to watch. My 20 and 50 MAs were squirming around price congestion for a while now, I love how during Tokyo price put effort to break out downwards but failed, and boom...
  • #31,129
  • Feb 19, 2014 7:29am Feb 19, 2014 7:29am
Quoting Fx94
Took a short trade on E/A H4. The trade is now -25 pips against me. What do you think... should I exit or stay in the trade ? Trade was taken on the original TMS rules. H4 red candle, TDI cross and TDI is comming from overbought area ? Best regards, FX94 {image}
I disagree that your trade was taken according to basic TMS rules. Look at where the cross was. You entered at the lowest possible point. If you trade as per the basic TMS rules, you would have shorted at break of the IB, i.e much much sooner.

You have to keep in mind all timeframes, not just H4, when you decide to pull the trigger. Look at daily, how's PA there? Check out H1... is there a possibility for price to pullback from that level? Go to M15, see if there's too much indecision (i.e moving horizontally, long upper/lower wicks on the last candles)...

Trading isn't as easy as "oh look, it's my setup, imma jump in". You have to apply a lot of discretion...
Attached Image
  • #31,130
  • Feb 19, 2014 7:32am Feb 19, 2014 7:32am
Quoting WDays
{quote} No trades for me, but I had this drawn on my chart {image}
Channel being tested right now
  • #31,131
  • Feb 19, 2014 7:59am Feb 19, 2014 7:59am
Entered on gj H1 yesterday in NY session after pullback, previous sharp cross on TDI, both green and
red below MBL, and H4 divergence. TP 100 pips hit.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-02-19_07-23-16gjH1.png Size: 41 KB
If you're going through hell, keep going. Winston Churchill
  • #31,132
  • Feb 19, 2014 8:18am Feb 19, 2014 8:18am
Quoting Imi
Entered on gj H1 yesterday in NY session after pullback, previous sharp cross on TDI, both green and red below MBL, and H4 divergence. TP 100 pips hit. {image}
Rebounded back up today too. Didn't take the trade as it was starting to look a little tired on H4 and Daily.
  • #31,133
  • Feb 19, 2014 9:13am Feb 19, 2014 9:13am
30 pips long today :-)

Attached Image (click to enlarge)
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  • #31,134
  • Feb 19, 2014 10:06am Feb 19, 2014 10:06am
Two trade After NY open.
EURCAD H1 +50 & this was a late entry but hit my target.
GBPJPY H1 +50

Good trading Day total +160 pip


ThankS

Helanka
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy-h1-alpari-limited.png Size: 46 KB
Click to Enlarge Name: eurcad-h1-alpari-limited.png Size: 41 KB
Helanka
  • #31,135
  • Feb 19, 2014 10:36am Feb 19, 2014 10:36am
Great trade Helanka!

How did you have the confidence to enter EURCAD when the price already moved so far?
Everything you can imagine, is real - Pablo Picasso
  • #31,136
  • Feb 19, 2014 11:01am Feb 19, 2014 11:01am
GPBJPY

Trade taken on the pullback candle....
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 112 KB
Sad i'm not trying to understand PA
  • #31,137
  • Feb 19, 2014 11:06am Feb 19, 2014 11:06am
When I see those successfull trades, I wonder if I look at the wrong pair. I thought I focus on one pair to start with,,,,

Swaped again from long (with a -10 points loss) to short as per basic rules.

http://abload.de/img/2-19-20148-00-48pmrwc6i.png
  • #31,138
  • Feb 19, 2014 11:42am Feb 19, 2014 11:42am
Quoting Frenchie
When I see those successfull trades, I wonder if I look at the wrong pair. I thought I focus on one pair to start with,,,, Swaped again from long (with a -10 points loss) to short as per basic rules. {image}
What pair is this, where is your entry?
  • #31,139
  • Feb 19, 2014 11:52am Feb 19, 2014 11:52am
Quoting Frenchie
When I see those successfull trades, I wonder if I look at the wrong pair. I thought I focus on one pair to start with,,,, Swaped again from long (with a -10 points loss) to short as per basic rules. {image}
What pair is this? Whats the pink diagonal line. Your "long? or short?"

Don't think its 'as per basic rules.'

Timing is everything, would need to enter as the second candle opens at least, not half way up, as on H1 chart that could 20-30 pips, difference between success and failure on a marginal scalpy type trade.
  • #31,140
  • Feb 19, 2014 11:53am Feb 19, 2014 11:53am
Quoting WDays
{quote} What pair is this, where is your entry?
EU H1
here with details of the 2 trades: And am currently short (sold at the moment I closed the 2nd trade)

http://abload.de/img/2-19-20148-50-20pmrxkme.png
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thomi