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  • #34,181
  • Mar 27, 2014 6:17pm Mar 27, 2014 6:17pm
NZDUSD week 13:

This week a few of us discussed kiwi.
Here is H4 chart to see where price is now.

We are at March month closing, so I see we are trading the MN upper shadow.
Do not expect this MN candle to close Marubozu. If it does, but highly unlikely one in a thousand MN candles, I would know what to do on Tuesday next week when April MN candle opens.

No worry, April MN candle will open as always. Just like the sun will rise when the rooster crows.

regards,

EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD week 13 H4 chart review.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,182
  • Mar 27, 2014 6:22pm Mar 27, 2014 6:22pm
Quoting emmanuel7788
GBPCAD week 13 4H swing trades: This trade close for +88pips and +183pips. Just on one pair, pay one spread. {image} This is the best week for the month of March. Reached 10% profit cycle in 4 trading days. Today is Friday, so no new 4H swing trade, maybe spend some time and look for intraday trades.
Hello Emmanuel,

You may have notice I am a silent member of the Thread now, I saw your last amazing trade and wondered why you didn't more your risk to Breakeven as I notice you normally do?

Can't seem to get my head around it.

Kind Regards

Josh
  • #34,183
  • Mar 27, 2014 6:26pm Mar 27, 2014 6:26pm
Quoting kingdomk
Hey guys, Hoping I can get some help here. I'm tempted to take a short on GU as its just bounced of a historical R level and is currently respecting the 50% fib retracement of the last swing low. TDI is in overbought territory and green has crossed red. I see this could potentially be a good R/R trade, however I am going against the fundies (retail sales smashed expectations today) and also I see the MBL sloping upwards going towards the 50 zone. PA also looks like its made a 3 bar reversal (please someone correct me if i'm wrong) and is also above...

Hi kingdomk,

Just another view so please don't let it influence your trading decisions.

Three consecutive days bullish candles, i don't expect to see a reversal in lower timeframe. that will take at minmum two D candles to sho a reversal for me to take a 4H swing sell trade.

Temptation is an evil. When I feel tempted looking for a sell on my chart, that is when I am being set up by the market.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,184
  • Mar 27, 2014 6:40pm Mar 27, 2014 6:40pm
Quoting josh11
{quote} Hello Emmanuel, You may have notice I am a silent member of the Thread now, I saw your last amazing trade and wondered why you didn't more your risk to Breakeven as I notice you normally do? Can't seem to get my head around it. Kind Regards Josh

Hi Josh,

Long time no talk with you. Good to see you post here my friend.

Using market type, I learn to mitigate risks differently. In my Big Picture Planning GBPCAD did not show me any Historical swing levels near where I traded this week. In suich situation, I turn to the short term weekly support and resistance like using the Previous week fibo and PA around RN. This week, I mentioned the favourite hunting ground of the Bears, that is Prev W Fib 50% in the absence of Histrocuial S&R. In using multiple exits, I can take some profit, and that will help reduce my over trade risk in many situations as I fight the market. Reducing risk is one method investors and traders must learn to do other than learning to cut losses short.
Moving trades stop to BE is one way, using multiple exits can also reduce risk to zero and keeping initial SL where is was in many situations works.

See chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD week 13 H4 chart POMO.png Size: 70 KB

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,185
  • Mar 27, 2014 6:52pm Mar 27, 2014 6:52pm
Quoting emmanuel7788
{quote} Hi kingdomk, Just another view so please don't let it influence your trading decisions. Three consecutive days bullish candles, i don't expect to see a reversal in lower timeframe. that will take at minmum two D candles to sho a reversal for me to take a 4H swing sell trade. Temptation is an evil. When I feel tempted looking for a sell on my chart, that is when I am being set up by the market. regards, EMMANUEL
Very wise words there Emmanuel - much appreciated!! Like you've always said plan the trade, and trade the plan. I will try stay out of these temptations which the market sets our eyes on. I see 3 solid D bullish bars and I should have done my big picture planning for the week which would suggest to stay away from this trade.

I'm really struggling to find that light bulb moment. I've been lurking on the forum, reading all posts till date, read all the PDF's and video's you've recommended. Very useful information, but struggling when it comes to finding these entries and setups. With all do respect, I don't want to rely on the information you post, I want to be independent as a trader, thats why I always try to find my own setups, but unfortunately majority of the time i'm wrong.

Your posts are very informative and the amount of work you put in here for all of us is priceless.

I will keep posting here and I refuse to give up. One day I will see light at the end of this tunnel.

God bless
  • #34,186
  • Mar 27, 2014 6:57pm Mar 27, 2014 6:57pm
Took the cable short
Looks like it might be a decent trade. Price is in downtrend channel and TDI is crossing around 68 also signaling at the close of the first red candle
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2014-03-27 at 5.53.20 PM.png Size: 70 KB
He who knows when he can fight and when he cannot, will be victorious.
  • #34,187
  • Mar 27, 2014 7:03pm Mar 27, 2014 7:03pm
Well i missed the continuation while i was at work. Oh well, on to the next one.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-03-27 at 7.01.26 PM.png Size: 66 KB
  • #34,188
  • Mar 27, 2014 7:27pm Mar 27, 2014 7:27pm
Quoting emmanuel7788
NZDUSD week 13: This week a few of us discussed kiwi. Here is H4 chart to see where price is now. We are at March month closing, so I see we are trading the MN upper shadow. Do not expect this MN candle to close Marubozu. If it does, but highly unlikely one in a thousand MN candles, I would know what to do on Tuesday next week when April MN candle opens. No worry, April MN candle will open as always. Just like the sun will rise when the rooster crows. regards, EMMANUEL {image}
Pip what you see; See what you pip!
  • #34,189
  • Mar 27, 2014 7:32pm Mar 27, 2014 7:32pm
Quoting TheDDReport
Took the cable short Looks like it might be a decent trade. Price is in downtrend channel and TDI is crossing around 68 also signaling at the close of the first red candle {image}
Agreed! I'll be checking in ~1.5hrs.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
  • #34,190
  • Mar 27, 2014 7:34pm Mar 27, 2014 7:34pm
Quoting SeerEye
{quote}

this is a c..... week ... with aussie, kiwi and loonie. These three ran and ran and ran.... trend traders just love such week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,191
  • Mar 27, 2014 7:43pm Mar 27, 2014 7:43pm
stopped out on nzd/usd with some damage. G/u 1 pip gain. E/U, E/J and N/J still running. bed time now
the cautious seldom err....C
  • #34,192
  • Mar 27, 2014 8:39pm Mar 27, 2014 8:39pm
Quoting emmanuel7788
{quote} Hi akwunomy, It is a proven method to manage trade entries and exits whcih i have shown in this thread for many months. Now for some practice, setup your chart with the PAC and look at USDCAD. Do some visual back-testing and see where you could have place your entries and exits. Remember, the aggressive entry method of Big E is a TDI setup not TDI signal. Three things must happen in a valid setup, the TDI condition is just one of the three. I do not believe in signals becasue no one has ever build a signal indicator based on discretionary...
Hi Emmanuel,
I been wondering this myself regarding you entry/exit criteria. I am sorry if you revealed this somewhere in these 34,000+ posts, but I have been unable to locate your entry/exit criteria. Please share the post number or restate...thanks!
  • #34,193
  • Mar 27, 2014 9:15pm Mar 27, 2014 9:15pm
Quoting kingdomk
Hey guys, Hoping I can get some help here. I'm tempted to take a short on GU as its just bounced of a historical R level and is currently respecting the 50% fib retracement of the last swing low. TDI is in overbought territory and green has crossed red. I see this could potentially be a good R/R trade, however I am going against the fundies (retail sales smashed expectations today) and also I see the MBL sloping upwards going towards the 50 zone. PA also looks like its made a 3 bar reversal (please someone correct me if i'm wrong) and is also above...
Well my two cent idea...think about it...GU is bullish this week...and it is about to get to the weekly average of about 214 or more...though the TDI is giving you signal...it might be wise to wait it out since we are on the last day of the trading week...lots of traders will adjust their positions...i.e. taking profit, closing out losing trade for the week...to avoid unexpected widening we normally see on weekends...price is above PAC still and 200EMA...I think this trade will be good consideration for next week...but you may still take it who know...we might see deep consolidation South tomorrow. You might want to limit your risk to 1.6650/60 level...because breakout from this zone might extend or be aiming 1.67.
  • #34,194
  • Mar 27, 2014 9:34pm Mar 27, 2014 9:34pm
TP hit 2.5 R (372 pips)
XAUUSD using money management with R multiplies



regards
Josh
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdh4.png Size: 71 KB
  • #34,195
  • Mar 27, 2014 9:48pm Mar 27, 2014 9:48pm
Greetings Everyone,

This is my first post, however i have been following this channel for the past 2 weeks. This is my trade setup on the Aud/CAd, I took a short at the break of the PAC yesterday (26/03/2014) and another at the second break of the PAC (today). I am in the red currently but i am expecting the Canadian to strengthen and limit me out by close of day tomorrow.

Please provide your insight of this trade setup.

Regards Kevin

Attached Image (click to enlarge)
Click to Enlarge Name: AudCad.png Size: 70 KB
  • #34,196
  • Mar 27, 2014 9:54pm Mar 27, 2014 9:54pm
AJ going higher last night left a very strong S/R level visible.

H4
Attached Image


H1
Attached Image


I'll be looking for possible signal to go Long at the red zone. Hopefully while London market is still open.
Everything you can imagine, is real - Pablo Picasso
  • #34,197
  • Mar 27, 2014 11:16pm Mar 27, 2014 11:16pm
Quoting kevinace
Greetings Everyone, This is my first post, however i have been following this channel for the past 2 weeks. This is my trade setup on the Aud/CAd, I took a short at the break of the PAC yesterday (26/03/2014) and another at the second break of the PAC (today). I am in the red currently but i am expecting the Canadian to strengthen and limit me out by close of day tomorrow. Please provide your insight of this trade setup. Regards Kevin {image}
AUDCAD is in a sideway box right now.
For sculpt trade you could try to trade from top to bottom of the box and vise versa.
But if you're looking for break out, there isn't any clear direction yet although the recent AUD up move give me a bullish bias.

AUDCAD H4.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #34,198
  • Mar 27, 2014 11:37pm Mar 27, 2014 11:37pm
Quoting emmanuel7788
GBPCAD week 13 4H swing trades: This trade close for +88pips and +183pips. Just on one pair, pay one spread. {image} This is the best week for the month of March. Reached 10% profit cycle in 4 trading days. Today is Friday, so no new 4H swing trade, maybe spend some time and look for intraday trades.
Dear Emmanuel,

According to your below image price moved your side & again it reversed till your Entry point. Shall I know why you did not Closed your trade at BE.
Pls advise when how many pip goes yours side you Amend your SL as BE.



http://www.forexfactory.com/attachme...1&d=1395958255

Thanks
Helanka
Helanka
  • #34,199
  • Mar 28, 2014 1:16am Mar 28, 2014 1:16am
3 pairs show TDI cross for short but Daily and Weekly trend are still up. What do you seniors think?
Attached Image (click to enlarge)
Click to Enlarge Name: 3pairs.png Size: 132 KB
Those who know don't talk. Those who talk don't know.
  • #34,200
  • Mar 28, 2014 1:19am Mar 28, 2014 1:19am
[quote=Zoopots;7368127]Update to post 34,115 Started 10 days ago in three positions, now down to one. USDCAD hit target yesterday for +156 CADJPY closed at target last night for +132 AUDJPY still open currently at +280 and banging its head on major resistance; only change to previous post was moving S/L north a bit more to 93.95; will let it run through weekend which I normally do. +518 pips over last two weeks.

Update/trade management on AUDJPY (last of the three positions I've been updating with fellow traders)

Pair continue long nicely and I've moved S/L to 94.25 protecting +254 pips of profit. In three hours I'll be able to analyze the TDI set-up but at this point it appears to be leaning towards a divergence between PA and TDI line. For the newbies, this often indicates that while price pushed higher, market sentiment did not reach a higher level often "forecasting" a change in direction. This dovetails with what I spoke of earlier in the week that given the AUDJPY has moved 390 pips over the past 10 days AND we're nearing the end of the week/March, buyers may be interested in banking their profits and the pair will retrace as they sell positions. Will be looking for engulfing HEs as Emmanuel has reference many times for additional sell confirmation.

H4 resistance to the north lies at 95.60 (current target on this trade); 96.12 Daily Fib extension of 138% and 97.20 previous Daily support (now resistance). A continuous move to these levels would be very odd for this pair...a retracement is expected.
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