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  • #5,541
  • Mar 12, 2014 8:36pm Mar 12, 2014 8:36pm
Quoting Fox Mulder
{quote} How do you usually play scenarios like this? I always like to get out before the news before entering again, but when there are sketchy moves like that I am really unsure about placing a trade. Sometimes I find I'll get in after the news only to find it has peaked and turns back down again.
If you entered for a small run on lower TFs, I would suggest to avoid news ... so close trades before would be a good idea.

However, when your entries are based on higher TFs, their shouldn't be affected too much. I didn't closed my GBPNZD opened last week even with the big NZD news ... 400+ pips so far ... watching the 89/144 closely.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,542
  • Mar 12, 2014 8:36pm Mar 12, 2014 8:36pm
Quoting Fox Mulder
{quote} How do you usually play scenarios like this? I always like to get out before the news before entering again, but when there are sketchy moves like that I am really unsure about placing a trade. Sometimes I find I'll get in after the news only to find it has peaked and turns back down again.
Wise people always stay out during such conditions
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #5,543
  • Mar 12, 2014 8:43pm Mar 12, 2014 8:43pm
Quoting hrwn47
{quote} Hi my Alien's friend, I see usd/jpy both H4 & H1 can still going down. What do you see? edit: How much posts to pass the moderation procedure???
not sure what this means...........?
The More You Learn, The More You Earn.....
  • #5,544
  • Mar 12, 2014 8:47pm Mar 12, 2014 8:47pm
Quoting forexalien
{quote} Welcome chrispaul286 NZDUSD month is trying to cross over and go long week is long day is long and nearing a top for now, in a small retracement mode right now.... H4 is in a retracement with a DS trade setting up to go long again it looks like. H1 is looking for a bottom still......... Thanks for posting {image}
NZDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: nu c e c e.JPG Size: 281 KB
The More You Learn, The More You Earn.....
  • #5,545
  • Mar 12, 2014 8:53pm Mar 12, 2014 8:53pm
EURAUD Before and after the news.............I grabbed all of this one , Long term the EUR will come down and the AUD will go long on this pair..........

Monthly nearing a top,

weekly showing divergence on the green sto, and ADX..............

Daily ADX showing signs of compression ...........

On the chart below the DS turned short long before the news hit.............

The 8,3,3 sto acted like a DS trade as it turned back downward, and sliced through the green sto at 90 degrees..........
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD news.JPG Size: 274 KB
The More You Learn, The More You Earn.....
  • #5,546
  • Mar 12, 2014 8:58pm Mar 12, 2014 8:58pm
Quoting pipinit
EUR/TRY - USD/TRY setting up nicely, got some 100s pips going up, waiting for the expansion to ride them down
Both in a nice H4 channel for the retrace wave.......
The More You Learn, The More You Earn.....
  • #5,547
  • Mar 12, 2014 9:01pm Mar 12, 2014 9:01pm
Quoting Salgueiro
{quote} and that's it! no more longs by now still should be one more push, where the price could reach 1375-1385 but guessing is prohibited and it is too late to go long and too early to go short i will not risk {image}
Yes - guessing is prohibited
The More You Learn, The More You Earn.....
  • #5,548
  • Mar 12, 2014 9:03pm Mar 12, 2014 9:03pm
Quoting forexalien
{quote} Yes - guessing is prohibited
Guessing is hoping ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,549
  • Mar 12, 2014 9:05pm Mar 12, 2014 9:05pm
Quoting Fox Mulder
{quote} How do you usually play scenarios like this? I always like to get out before the news before entering again, but when there are sketchy moves like that I am really unsure about placing a trade. Sometimes I find I'll get in after the news only to find it has peaked and turns back down again.
http://www.forexfactory.com/showthre...91#post7335591

Placed a SL in the profit and was not around to get back in, better to let the trade go, there are many more trades to get...............
The More You Learn, The More You Earn.....
  • #5,550
  • Edited 9:31pm Mar 12, 2014 9:17pm | Edited 9:31pm
Quoting dragos_
{quote} hi forexalien, just as a discussion - a friend of mine whom is into Fibonacci is convinced that EU is gonna reach 1.394-1.395 these days and then will drop sharply. I was very sceptic in this regard, but looking at how EU developed recently I am a bit confused. frankly I believe I am biased for some reason and don't trust the charts as I should. I was thinking that maybe you experienced this kind of..let's call it 'disbelief'.. at some point yourself, and you may have some suggestion on how to overpass it. Moreover I would really be curious...
EURUSD

Start with the monthly and analyse direction using Green sto and RSIoma,

then go to the Weekly and do the same, and keep going with all TF's until you see retracement or trend failure, and that is where you need to place your focus and wait for a retracement for the trend continuation, or turns of the green sto's of RSIoma turns..............keep it simple.

monthly is long ,
weekly is long,
daily is long and nearing a top......
H4 continues to turn long
H1 has one more push long on the 8,3,3 sto
M15 is resting, nearing a bottom , looking to turn long again

this is how you read it, long, long, long long, going long again, you look for failure and also wait to see if the next move turns long again if you are not sure, waiting for the turn long or short is the clue to winning , sit on your hands more, are you not doing this? it takes seat time to get a feel for this.

Yes it took time for me time to develop and learn this, and it will for you also , when trades come available I will post them for you to learn off of............

training , training and training your eyes is a must , time, effort, and energy is required..............there is no easy way to trade............
The More You Learn, The More You Earn.....
  • #5,551
  • Mar 12, 2014 9:23pm Mar 12, 2014 9:23pm
Quoting FerruFx
{quote} If you entered for a small run on lower TFs, I would suggest to avoid news ... so close trades before would be a good idea. However, when your entries are based on higher TFs, their shouldn't be affected too much. I didn't closed my GBPNZD opened last week even with the big NZD news ... 400+ pips so far ... watching the 89/144 closely.
nice !
Attached Image (click to enlarge)
Click to Enlarge Name: GN H4.JPG Size: 283 KB
The More You Learn, The More You Earn.....
  • #5,552
  • Mar 12, 2014 9:25pm Mar 12, 2014 9:25pm
Quoting FerruFx
{quote} Guessing is hoping ...
Thanks FerruFX, and to add to that , guessing is also gambling...............
The More You Learn, The More You Earn.....
  • #5,553
  • Mar 12, 2014 9:31pm Mar 12, 2014 9:31pm
Learn to sit on your hands...............
Attached Image
The More You Learn, The More You Earn.....
  • #5,554
  • Mar 12, 2014 9:38pm Mar 12, 2014 9:38pm
Quoting FerruFx
{quote} If you entered for a small run on lower TFs, I would suggest to avoid news ... so close trades before would be a good idea. However, when your entries are based on higher TFs, their shouldn't be affected too much. I didn't closed my GBPNZD opened last week even with the big NZD news ... 400+ pips so far ... watching the 89/144 closely.
Missed my entry on that pair last week since thursday and friday my broker's demo servers were down . It filled out nicely by the end of the week. These were marked up over the weekend.

Daily

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzddaily break.png Size: 67 KB


4H

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1H

Attached Image (click to enlarge)
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The pips are out there
  • #5,555
  • Mar 12, 2014 9:42pm Mar 12, 2014 9:42pm
AU
Attached Image (click to enlarge)
Click to Enlarge Name: au ds.JPG Size: 208 KB
The More You Learn, The More You Earn.....
  • #5,556
  • Mar 12, 2014 10:46pm Mar 12, 2014 10:46pm
Quoting Fox Mulder
{quote} Missed my entry on that pair last week since thursday and friday my broker's demo servers were down .
So you didn't missed nothing as it is on demo !

I am on live ... and glad to not missed it !
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,557
  • Mar 12, 2014 10:47pm Mar 12, 2014 10:47pm
Quoting forexalien
{quote} Thanks FerruFX, and to add to that , guessing is also gambling...............
Can't agree more ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,558
  • Mar 12, 2014 11:20pm Mar 12, 2014 11:20pm
Quoting FerruFx
{quote} If you entered for a small run on lower TFs, I would suggest to avoid news ... so close trades before would be a good idea. However, when your entries are based on higher TFs, their shouldn't be affected too much. I didn't closed my GBPNZD opened last week even with the big NZD news ... 400+ pips so far ... watching the 89/144 closely.
And a good example about staying in trade with the 89/144 is EURNZD which was entered in the middle of last week ... We add big news like NFP and few hours ago big NZD news. Yes it goes in negative ... but now positive and 89/144 are still up.

I agree that we must have great balls to afford psycologicaly 150+ pips DD ... but that's the deal when you trade higher TFs setups.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,559
  • Mar 13, 2014 12:11am Mar 13, 2014 12:11am
Quoting forexalien
{quote} EURUSD Start with the monthly and analyse direction using Green sto and RSIoma, then go to the Weekly and do the same, and keep going with all TF's until you see retracement or trend failure, and that is where you need to place your focus and wait for a retracement for the trend continuation, or turns of the green sto's of RSIoma turns..............keep it simple. monthly is long , weekly is long, daily is long and nearing a top...... H4 continues to turn long H1 has one more push long on the 8,3,3 sto M15 is resting,...
Hello Alien,

I´m not sure if I missed out this info but I have one question, how do we know when is TF nearing a top?
Like in this example, EU, on daily?
Divergences, direction of ADXs, stochastics and RSIOMA...those could give you clues but do you have anything else to add?
I´m sure you have

Thanks in advance and keep doing great work on this thread
  • #5,560
  • Mar 13, 2014 1:09am Mar 13, 2014 1:09am
Quoting FX MiG
{quote} how do we know when is TF nearing a top?
Or...nearing bottom/ bottoming?
i worshipped... Momentum
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