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TEB: 20 RSI and 5 & 12 EMAs

  • #81
  • Apr 3, 2014 4:38am Apr 3, 2014 4:38am
I think there are no tradable setups today. What do you think?

  • #82
  • Edited 5:30am Apr 3, 2014 4:53am | Edited 5:30am
tomorrow in NFP and I am happy with my total on this is week

but the following are pair that I would be watching if I was trading

usdcad, audusd, eurjpy, audjpy, eurcad, capjpy, gbpcad
  • #83
  • Edited 5:18am Apr 3, 2014 4:56am | Edited 5:18am
Quoting Zokynho
{quote} Hey Dansmol, Yes it is RSI based on.You can find that indicator on this thread,someone posted it. Regards!
I like to see real candles. I like to see the red and green or as I have here white and grey it helps judge the strength of movement
  • #84
  • Apr 3, 2014 5:05am Apr 3, 2014 5:05am
CAD/JPY 1h,4h and daily over 55RSI.

So now we are waiting for price on 1h to make a retracement down. When it goes up again we wait for our specific candle to enter.

Let me know if im wrong.
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  • #85
  • Apr 3, 2014 5:13am Apr 3, 2014 5:13am
Quoting ralf86
CAD/JPY 1h,4h and daily over 55RSI. So now we are waiting for price on 1h to make a retracement down. When it goes up again we wait for our specific candle to enter. Let me know if im wrong. {image}

Sounds right to me, I'm already in CAD/JPY so it better not retrace down lol
  • #86
  • Apr 3, 2014 5:14am Apr 3, 2014 5:14am
[quote=ralf86;7380709]CAD/JPY 1h,4h and daily over 55RSI. So now we are waiting for price on 1h to make a retracement down. When it goes up again we wait for our specific candle to enter. Let me and look for an entry
the targets are quite good on that pair.



I doing a seminar this morning
so good trading all
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  • #87
  • Apr 3, 2014 5:16am Apr 3, 2014 5:16am
Quoting Sicarius
{quote} Sounds right to me, I'm already in CAD/JPY so it better not retrace down lol

good stuff
post your chart
places the S.E.T on it
  • #88
  • Apr 3, 2014 5:28am Apr 3, 2014 5:28am
Can't post a chart atm because of work, I have eyes on me but I have a quick question. I'm looking at the pair EUR/AUD, its in consolidation. Mas about to cross, lets say that we get a nice bear candle and RSI crosses below 45. Would you take that Teb? Or wait for it to begin its 1H trend and take the pullback?
  • #89
  • Apr 3, 2014 5:35am Apr 3, 2014 5:35am
[quote=TEB63;7380721]
Quoting ralf86
CAD/JPY 1h,4h and daily over 55RSI. So now we are waiting for price on 1h to make a retracement down. When it goes up again we wait for our specific candle to enter. Let me and look for an entry the targets are quite good on that pair. I doing a seminar this morning so good trading all {image}
I think maybe that entry is too big retracement. But i also guess its better to loose an opportunity than to loose capital. Ill also wait for that bigger retracement, however i dont think it will happen.
  • #90
  • Edited 6:06am Apr 3, 2014 5:36am | Edited 6:06am
Quoting Sicarius
Can't post a chart atm because of work, I have eyes on me but I have a quick question. I'm looking at the pair EUR/AUD, its in consolidation. Mas about to cross, lets say that we get a nice bear candle and RSI crosses below 45. Would you take that Teb? Or wait for it to begin its 1H trend and take the pullback?
chop no trade - do not try to out think the market or anticipate it just go with what it gives you
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  • #91
  • Apr 3, 2014 5:50am Apr 3, 2014 5:50am
[quote=ralf86;7380763]
Quoting TEB63
{quote} I think maybe that entry is too big retracement. But i also guess its better to loose an opportunity than to loose capital. Ill also wait for that bigger retracement, however i dont think it will happen.

nothing wrong with that thinking for sure !!
esp with tomorrow.

but remember this is a trend following system with retracement to get you a good entry
not a retracement system with the trend

cheers
  • #92
  • Apr 3, 2014 6:19am Apr 3, 2014 6:19am
xD it made retracement. Not triggered by half a pip.

Should i just put buy limit or we should wait for momentum or price rejection candle on the 15 min?
  • #93
  • Apr 3, 2014 6:35am Apr 3, 2014 6:35am
EURAUD now:
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But we are at support on the daily. If if breaks, we will have a nice move down. But could bounce up. Would you have taken that one TEB ?

Edit: all TF have RSI below 45, but 4H candle still not close. When you check RSI, do all candle need to be closed (specifically 4H and D) ?
  • #94
  • Apr 3, 2014 6:42am Apr 3, 2014 6:42am
I asked Teb about this a few posts above, I wasn't clear on his answer because RSI was > 45 when he posted that but I was saying "IF" we get a bear candle and RSI dips below 45 would you take it?. Well that came true, I didn't take it but I was eying that pair for a few days.

EDIT: Fbird, we are supposed to wait for 1H close, but NOT 4h or daily close.
  • #95
  • Apr 3, 2014 6:50am Apr 3, 2014 6:50am
Ok thanks Sicarius. Made a mistake: 1 H RSI was not below 45 on candle close. Now going up lol...
  • #96
  • Apr 3, 2014 7:57am Apr 3, 2014 7:57am
Letīs see if CHF/JPY crosses 1 Hour TF 55 line, while 4H and Daily is bullish too. Could be a good setup.
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  • #97
  • Apr 3, 2014 8:00am Apr 3, 2014 8:00am
Quoting chrispaul286
Letīs see if CHF/JPY crosses 1 Hour TF 55 line, while 4H and Daily is bullish too. Could be a good setup. {image}
It seems that we have to wait at least one more hour.
  • #98
  • Edited 1:27pm Apr 3, 2014 10:09am | Edited 1:27pm
CAD/JPY SL ...what a retracement

My mistake was not entering when emas crossed up again after retracement. I entered long later.

Great first lesson.

TEB63 you think we can trade this strategy on friday?

  • #99
  • Apr 3, 2014 1:51pm Apr 3, 2014 1:51pm
I think i found a nice one.

1h-4h-daily over 55RSI.

Since there is no retracement on 1h, i moved down to 15m and found retracement crossed.
RRR 3:1

What do you think?
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  • #100
  • Apr 3, 2014 2:19pm Apr 3, 2014 2:19pm
[quote=ralf86;7382297]I think i found a nice one. 1h-4h-daily over 55RSI. Since there is no retracement on 1h, i moved down to 15m and found retracement crossed. RRR 3:1 What do you think? {image} {image} {image}

can you share your template, indicator ??????

thanks
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