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  • #33,061
  • Mar 20, 2014 2:57am Mar 20, 2014 2:57am
Quoting GilR
{quote} what gmt?
GMT+2
Daniel
  • #33,062
  • Mar 20, 2014 3:05am Mar 20, 2014 3:05am
Quoting as33156
No trade signals in any of the pairs I'm watching sadly. Cya in another 4 hours.
Bit lean on GMT 0
  • #33,063
  • Mar 20, 2014 3:06am Mar 20, 2014 3:06am
Quoting Greenb
{quote} GMT+2
Thanks - Alpari?
  • #33,064
  • Mar 20, 2014 3:08am Mar 20, 2014 3:08am
Guys - I'm seeing a new channel developing on GJ and the old channel down becoming obsolete. Im entering long on the break of Frankfurt candle and TDI cross and looking to tp in the middle TL

Any suggestions are welcome.

PS I think I have a long way to come yet but loving the vibe in this thread
Attached Image
  • #33,065
  • Mar 20, 2014 3:13am Mar 20, 2014 3:13am
Thank you EMU. Why did you pick the bottom of that particular candle as your starting point?

Pending sell stop saved me from some losses today. GJ H4. When the current candle opened, HA changed color to red and TDI also crossed. So I placed pending order below the range to catch a break lower. It never did... 3 hours later price goes back up, TDI un-crossed and HA switched color to blue.
Attached Image (click to enlarge)
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Everything you can imagine, is real - Pablo Picasso
  • #33,066
  • Mar 20, 2014 3:15am Mar 20, 2014 3:15am
Quoting kingdomk
Guys - I'm seeing a new channel developing on GJ and the old channel down becoming obsolete. Im entering long on the break of Frankfurt candle and TDI cross and looking to tp in the middle TL Any suggestions are welcome. PS I think I have a long way to come yet but loving the vibe in this thread {image}
Depends if GJ can push above H4 200 SMA (and 100 SMA on Daily) which has capped it this week, suspect there will be retail stops not very far above - all in my very humble opinion of course.
  • #33,067
  • Mar 20, 2014 3:15am Mar 20, 2014 3:15am
Hey Kingdom. I can only see the top 1/3 of your chart.
Everything you can imagine, is real - Pablo Picasso
  • #33,068
  • Mar 20, 2014 3:16am Mar 20, 2014 3:16am
Quoting Direwolf
Thank you EMU. Why did you pick the bottom of that particular candle as your starting point? Pending sell stop saved me from some losses today. GJ H4. When the current candle opened, HA changed color to red and TDI also crossed. So I placed pending order below the range to catch a break lower. It never did... 3 hours later price goes back up, TDI un-crossed and HA switched color to blue. {image}
That was the low of the H4 setup candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,069
  • Mar 20, 2014 3:39am Mar 20, 2014 3:39am
Quoting as33156
CADJPY is about to give a signal guys. The bar is massive and the green line on the TDI is just peaking above the red line. It's good retrace this new bar before heading up. Best of Luck! I'm staying on the sidelines this trade. Happy hour is upon us! {image}
Hi as3,

Were there any specific reasons you stayed out of this trade, like the bar being to big to your liking or the retrace or anything else? It now looks like a good decision to stay out as it never really moved up and since the setup candle it mostly moved sideways to slightly down.

Thanks in advance
  • #33,070
  • Mar 20, 2014 3:44am Mar 20, 2014 3:44am
Quoting eva0117
{quote} Can you tell me why you decide long the EJ trade since the 200 ema is just less than 20 pips away? I know there was a TDI cross. But there were few candles pulled back from 200 ema, like the Lo candle. Thanks~~
The setup candle that also give a TDI cross was the reason for entry, this candle comes in APB quit a bit, you can see it all the time, how I trade is that I need a cross of TDI, and then I wait for next bar candle to trade almost 5 pips above the high of the setup candle, this indicates momentum and there I enter

I also trade this candle in a different way, which I see many times, I go for M5 chart and wait a retracement after the new candle come to 38 fibs or EMA 10 and if price reverse in that zone I enter the trade

But looking at this candle, they are difficult to trade
I Have Learned to Take Some Losses to Make Profits
  • #33,071
  • Mar 20, 2014 3:53am Mar 20, 2014 3:53am
CADJPY is in consolidation, we see a Master Candle MC and several small candle engulfed by the MC high-low.
What I will look for is a potential breakout move to the upside for my Plan A trade.

The market can set you up with a false breakout and reverse back to the downside. That should be a Plan B trade.
Always pay close attention to the CandleStick Patterns CSP.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY potential.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,072
  • Mar 20, 2014 3:57am Mar 20, 2014 3:57am
Quoting GilR
{quote} Thanks - Alpari?
fxpro, sorry for long reply....browser always on FF, but im mostly asleep for the until the next candle
Daniel
  • #33,073
  • Mar 20, 2014 3:59am Mar 20, 2014 3:59am
Quoting emmanuel7788
{quote} Yes, I did based on Fib38/50 retracement of the last H4 candle. This went nowhere for hours. Also took GJ yesterday same entry type and exited 1 lot at +64pips and trade now at BE. BOJ Kuroda speaking in 30mins, so we will see market reaction. {image} {image}

Closed my EJ trade. It is not going anywhere after so many hours.

Keep GJ running at BE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,074
  • Mar 20, 2014 4:05am Mar 20, 2014 4:05am
Quoting thinkpad123
{quote} Try exness, they have very low spreads and also have option to use moneybookers.
thank you. i will have a look into the broker. i am willing to change my broker but i am not finding a reliable one with moneybooker option.
thanks once again
Come tomorrow, I'll wake up new
  • #33,075
  • Mar 20, 2014 4:17am Mar 20, 2014 4:17am
Anyone for CADJPY

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  • #33,076
  • Mar 20, 2014 4:18am Mar 20, 2014 4:18am
i think i am intersting in shorting this pair. the pair is in consolidation mode. the price is at the 50%prev-W fib the 200 H4 ema and the daily 55 EMA. it is finding resistance at this level. the TDI is a the 68 level. if the TDI crosses then i think it will be a good trade.
Attached Image (click to enlarge)
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Come tomorrow, I'll wake up new
  • #33,077
  • Mar 20, 2014 4:20am Mar 20, 2014 4:20am
Quoting gsbharaj
i think i am intersting in shorting this pair. the pair is in consolidation mode. the price is at the 50%prev-W fib the 200 H4 ema and the daily 55 EMA. it is finding resistance at this level. the TDI is a the 68 level. if the TDI crosses then i think it will be a good trade. {image}
Could be another couple of 4hr bars for it to cross (3 would be great for Asian session tomorrow)
  • #33,078
  • Mar 20, 2014 4:23am Mar 20, 2014 4:23am
H4 setup candles Yes/No?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 20 Mar setup candle.png Size: 51 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD 20 Mar setup candle.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,079
  • Mar 20, 2014 4:27am Mar 20, 2014 4:27am
Quoting emmanuel7788
H4 setup candles Yes/No? {image} {image}
Yes next candle or following
  • #33,080
  • Mar 20, 2014 4:27am Mar 20, 2014 4:27am
Quoting gsbharaj
i think i am intersting in shorting this pair. the pair is in consolidation mode. the price is at the 50%prev-W fib the 200 H4 ema and the daily 55 EMA. it is finding resistance at this level. the TDI is a the 68 level. if the TDI crosses then i think it will be a good trade. {image}
interesting one as I see 102.48 being a Hist swing level. Can be support trun resistance, then we sell. Also Prev W Fib 50% is good place for sellers.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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