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  • #34,621
  • Apr 3, 2014 1:36am Apr 3, 2014 1:36am
Quoting hugecat
{quote} I'm analyzing graphs as we speak. It does give safer entries than regular crosses. You do miss out on lots of pips but also avoid losses. Better safe than sorry I guess!
The great thing about this is that we have so many pairs to look at that even if one doesn't give you an entry there is always another one that does. So you may miss a big move in one but another will give you an entry and move just as much just maybe a 4hr bar later. Also if something doesn't give you an entry you just monitor it because it can give you an entry via the bounce trade. You will notice there were many bounce trades on most pairs that took off the last 2 weeks (AUD, JPY) that we couldn't get in because they gave a signal the wrong side of the TDI yellow baseline or we because me flat out missed the trade.
MAY THE PIPS BE WITH YOU!
  • #34,622
  • Apr 3, 2014 1:51am Apr 3, 2014 1:51am
Quoting SeerEye
{quote} I'm pretty sure that will help you 'see' the stronger moves. I know for me, I'm hesitant to to trade against the overall trend. ranging is different, but as Emmanuel has mentioned Aud is a commodity currency and is in a nice long climb right now (ex. AJ) TDI can give an interesting 'look' for a short at times, but, I pass looking at the bigger picture and move on to the next pair. BTW - that's another big change for me. I used to only look at EU, now I'm up to 9 and counting. But, on a 4h chart, I've got the time.... Seereye
Yeah, I have 12 pairs now I'm looking at It would be more if my broker offered lower spread on others, for example EA which is 7 Pips (what!?). I got disappointed with EU 2 years ago for being too slow. Also GBP pairs tent to annoy me with pullbacks. But, like you said - patience is the key.
Good luck to TMS fan club!
Those who know don't talk. Those who talk don't know.
  • #34,623
  • Apr 3, 2014 1:52am Apr 3, 2014 1:52am
Quoting as33156
{quote} The great thing about this is that we have so many pairs to look at that even if one doesn't give you an entry there is always another one that does. So you may miss a big move in one but another will give you an entry and move just as much just maybe a 4hr bar later. Also if something doesn't give you an entry you just monitor it because it can give you an entry via the bounce trade. You will notice there were many bounce trades on most pairs that took off the last 2 weeks (AUD, JPY) that we couldn't get in because they gave a signal the...
That's very true. I also like Zoopost's ideas on how to read the trend on 1D&1W charts. Be calm, make money
Those who know don't talk. Those who talk don't know.
  • #34,624
  • Apr 3, 2014 2:12am Apr 3, 2014 2:12am
Definitely a pair I'm watching, but not yet, I like the divergence showing and the pair is ranging and now on the upper end. The next 4-12 hours will tell. But, news up the ying yang later, might kabosh the whole thing. Getting some shut eye.. on the US west coast.. later
http://charts.mql5.com/4/343/usdjpy-...rectdealer.png

Seereye
Pip what you see; See what you pip!
  • #34,625
  • Apr 3, 2014 2:29am Apr 3, 2014 2:29am
Is anyone in AU H4? I missed it but looks like proper entry.
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Those who know don't talk. Those who talk don't know.
  • #34,626
  • Apr 3, 2014 2:50am Apr 3, 2014 2:50am
My NJ trade is doing rather well and 4 pips from Breakeven I'm not really interested in taking another trade at this time so see you guys in 4 more hours.

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MAY THE PIPS BE WITH YOU!
  • #34,627
  • Apr 3, 2014 2:51am Apr 3, 2014 2:51am
Yes, Hughecat. I'm in AU H4
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Already gained partial profit of 20 pips yesterday then lost 7 pips at night and entered short again this morning.

The only problem this pair is giving me it retraces back 10-15 pips against you and make you feel like closing the trade and then comes back. I'm hoping to keep my trade open this time let's see how it goes.

Regards
  • #34,628
  • Apr 3, 2014 2:56am Apr 3, 2014 2:56am
Quoting MrAussieFX
Yes, Hughecat. I'm in AU H4 {image} Already gained partial profit of 20 pips yesterday then lost 7 pips at night and entered short again this morning. The only problem this pair is giving me it retraces back 10-15 pips against you and make you feel like closing the trade and then comes back. I'm hoping to keep my trade open this time let's see how it goes. Regards
Good for you, Mr Aussie. I hope it'll give you some green.
Those who know don't talk. Those who talk don't know.
  • #34,629
  • Apr 3, 2014 3:02am Apr 3, 2014 3:02am
Quoting as33156
My NJ trade is doing rather well and 4 pips from Breakeven I'm not really interested in taking another trade at this time so see you guys in 4 more hours. {image}
Take a peek at the analysis pics below: Weekly still a serious Buy and surfing the top of the PAC; Daily has tested the bottom of the PAC numerous times since late February (yellow circles) and if it does so again, it will near the 88.20 level; H4 gave a nice Sell signal but you have an uptrend line near 88.30 (which dovetails with what the Weekly and Daily charts are telling us)...so be ready to take profit in that area. It will be a gut check, though, because if PA on the H4 doesn't close above the PAC or TDI doesn't hook...then patience may provide additional pips. Also, if PA closes below the H4 uptrend line then you may be riding a sled downhill. That Weekly trend would concern me though.

Good luck....bank some pips!

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  • #34,630
  • Apr 3, 2014 3:26am Apr 3, 2014 3:26am
Quoting MrAussieFX
Yes, Hughecat. I'm in AU H4 {image} Already gained partial profit of 20 pips yesterday then lost 7 pips at night and entered short again this morning. The only problem this pair is giving me it retraces back 10-15 pips against you and make you feel like closing the trade and then comes back. I'm hoping to keep my trade open this time let's see how it goes. Regards
My feeling is that AU is probably a buy.

Strong uptrend. Its hardly retraced. Possible attempt on BRN 93.00 and just above that 61.8 Fib of 2013/2014 range.

Rejected 50% Fib of 2013/2014 range.

Could all be de-railed by bad news out of China though.
  • #34,631
  • Apr 3, 2014 3:53am Apr 3, 2014 3:53am
Both EURNZD and NZDUSD are showing strong momentum on h4 charts.

However, I don't feel comfortable taking either of these trades as I feel they may soon reverse because NZDUSD is coming close to 0.85 which may cause a reversal.

I will wait for this reversal as i feel it be more high probability setup at this time.


Hopefully tomorrow will show some reversals off key levels.
Lets Make Some Money
  • #34,632
  • Apr 3, 2014 4:30am Apr 3, 2014 4:30am
Shorting gold.
Pro - TDI green crossing down from upper band, pair still making lower low so it's still in a down trend, divergence, double top.
Con - Sitting on S/R
Break Even - when price reach white line. Hoping it will get there.
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Everything you can imagine, is real - Pablo Picasso
  • #34,633
  • Apr 3, 2014 4:39am Apr 3, 2014 4:39am
GJ H4 also showing divergence. Still not too sure because the previous red candle didn't last very long. TDI starting to turn in daily maybe a good hint.
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Everything you can imagine, is real - Pablo Picasso
  • #34,634
  • Apr 3, 2014 4:46am Apr 3, 2014 4:46am
Quoting Direwolf
GJ H4 also showing divergence. Still not too sure because the previous red candle didn't last very long. TDI starting to turn in daily maybe a good hint. {image} {image}
Been showing divergence some time?
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  • #34,635
  • Apr 3, 2014 4:47am Apr 3, 2014 4:47am
Quoting Zoopots
{quote} Take a peek at the analysis pics below: Weekly still a serious Buy and surfing the top of the PAC; Daily has tested the bottom of the PAC numerous times since late February (yellow circles) and if it does so again, it will near the 88.20 level; H4 gave a nice Sell signal but you have an uptrend line near 88.30 (which dovetails with what the Weekly and Daily charts are telling us)...so be ready to take profit in that area. It will be a gut check, though, because if PA on the H4 doesn't close above the PAC or TDI doesn't hook...then patience...
Zoopots, great analysis, and this is the way i am moving forward with trading. Weekly analysis , find divergence on the weekly, watch the price action, move down to the 4 hour (be patient with this one) wait for a strong move through 60ema backed up by tdi. Fine tune an entry on 15 minute. It`s slightly more complex than that but these are the basics, are we on the same wavelength?
  • #34,636
  • Apr 3, 2014 4:49am Apr 3, 2014 4:49am
Quoting hostwey
{quote} Been showing divergence some time? {image}
good point... I didn't zoom out that far.
Everything you can imagine, is real - Pablo Picasso
  • #34,637
  • Apr 3, 2014 6:05am Apr 3, 2014 6:05am
3 H1 trades this morning
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the cautious seldom err....C
  • #34,638
  • Apr 3, 2014 6:13am Apr 3, 2014 6:13am
Quoting Direwolf
Shorting gold. Pro - TDI green crossing down from upper band, pair still making lower low so it's still in a down trend, divergence, double top. Con - Sitting on S/R Break Even - when price reach white line. Hoping it will get there. {image}
Gold reached my break even point. Letting it run now.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #34,639
  • Apr 3, 2014 6:23am Apr 3, 2014 6:23am
AU H1 at trendline
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I Have Learned to Take Some Losses to Make Profits
  • #34,640
  • Apr 3, 2014 6:48am Apr 3, 2014 6:48am
Quoting Direwolf
{quote} Gold reached my break even point. Letting it run now. {image}
Congrats dear, i became glad on your positive trade.
Honestly speaking, i was not assuming it to be positive because of uncertain moves of gold since yesterday.
Once again
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