DislikedSince all JPY pairs gave a short TDI cross at the same time I took EJ on the short. So far so good. {image}Ignored
the cautious seldom err....C
- #34,561
- Apr 2, 2014 8:11am Apr 2, 2014 8:11am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
- #34,564
- Apr 2, 2014 9:06am Apr 2, 2014 9:06am
Week 3 day 3 of trading the 4 hour as shown on page 1: 6am: No Trades 10am: EU- +3 EG- -5 EA- +7 EC- +6 UC- -1 Total : +10 pips plus 80 pips, so +90 pips this week so far checking my computer 3 times a day{image}
Thanks for taking the time to show your trades.
- #34,565
- Apr 2, 2014 9:39am Apr 2, 2014 9:39am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
- #34,566
- Apr 2, 2014 9:51am Apr 2, 2014 9:51am
- Joined Oct 2007 | Status: Pip Seer | 1,299 Posts
Pip what you see; See what you pip!
- #34,568
- Apr 2, 2014 10:56am Apr 2, 2014 10:56am
[quote=mor707;7378006]{quote} Hi Zoopots, I am studying your post about HTF analysis starting from the weekly chart as I think its a very important topic you are addressing here. I initially thought I understood what you meant but upon closer study I am getting confused. I hope you can clear my confusion, please. In you post you say you have placed a horizontal line on each 1st reversal candle after a up move......
All three charts below are sitting at the same point in time. The Weekly is in a DT as evidenced by a lower high giving us the trend line as displayed and a TDI situation showing the MBL near neutral and the green line making lower highs as well. Chart analysis would say the bears have the momentum.
The Daily chart in the middle shows a Doji HA candle (normally indicating market indecision and possible change of direction) after 7 consecutive days of bull movement AND a hook setting up on the TDI. Analysis says the bulls had momentum for the past week but it looks like they're waning.
The H4 chart on the right...my go-to trade chart...confirms suspicions that the bears may be resuming the Weekly momentum and so one would trust the TDI cross on the open of the 9/6/1200 candle at .9438 and pull the trigger based on the favorable conditions of the H4 chart. The R/R is very agreeable as noted by the horizontal line I placed on the chart near .9457. All three charts in combination weigh into our decision to take the H4 sell signal.
If we just trade off of the Weekly, that chart, in real time, looks to be going long. But the Daily paints a picture of loss of Bull momentum and the H4 confirms that suspicion...so I would trust the H4 cross. Look at the H4 chart 12 candles previous and that TDI Sell signal cannot be trusted for the reason that you would have surmised continued Bull momentum.
I hope this helps.
All three charts below are sitting at the same point in time. The Weekly is in a DT as evidenced by a lower high giving us the trend line as displayed and a TDI situation showing the MBL near neutral and the green line making lower highs as well. Chart analysis would say the bears have the momentum.
The Daily chart in the middle shows a Doji HA candle (normally indicating market indecision and possible change of direction) after 7 consecutive days of bull movement AND a hook setting up on the TDI. Analysis says the bulls had momentum for the past week but it looks like they're waning.
The H4 chart on the right...my go-to trade chart...confirms suspicions that the bears may be resuming the Weekly momentum and so one would trust the TDI cross on the open of the 9/6/1200 candle at .9438 and pull the trigger based on the favorable conditions of the H4 chart. The R/R is very agreeable as noted by the horizontal line I placed on the chart near .9457. All three charts in combination weigh into our decision to take the H4 sell signal.
If we just trade off of the Weekly, that chart, in real time, looks to be going long. But the Daily paints a picture of loss of Bull momentum and the H4 confirms that suspicion...so I would trust the H4 cross. Look at the H4 chart 12 candles previous and that TDI Sell signal cannot be trusted for the reason that you would have surmised continued Bull momentum.
I hope this helps.
- #34,571
- Apr 2, 2014 12:02pm Apr 2, 2014 12:02pm
Hi guys. Just want to let you know that I will be a monk for about 3 weeks starting from 19th April and won't be trading nor surfing the internet during that time
MAY THE PIPS BE WITH YOU!
- #34,573
- Apr 2, 2014 12:53pm Apr 2, 2014 12:53pm
Hi guys. Just want to let you know that I will be a monk for about 3 weeks starting from 19th April and won't be trading nor surfing the internet during that time
- #34,574
- Apr 2, 2014 1:37pm Apr 2, 2014 1:37pm
Since all JPY pairs gave a short TDI cross at the same time I took EJ on the short. So far so good. {image}
