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  • #36,741
  • Edited 9:56am Apr 24, 2014 9:38am | Edited 9:56am
Hi,
I took these 3 trades (Nikkei, Nasdaq, Dow) and drew fibs on daily chart.
Entered some on H1 and even on H4 the MBL is near 68.
Please don't get confused with my TP. I prefer trailing my SL's rather than get my TP hit too early...
Any suggestions?
Attached Image (click to enlarge)
Click to Enlarge Name: 3 CFD Indices.png Size: 95 KB
  • #36,742
  • Apr 24, 2014 9:57am Apr 24, 2014 9:57am
Tensions in Ukraine are getting worse.. watch for US volatility, Gold Strength etc.. Just be cautious as things can quickly go against what the indicators tell us.
I guess i'm just advising some extra caution.
be careful out there.
  • #36,743
  • Apr 24, 2014 10:31am Apr 24, 2014 10:31am
Quoting GilR
{quote} And its not even 6am yet
My broker draws H4 candles 1 hour before yours I'm still sticking to TMS rules. though, and it seems to be working fine

6am - no trades

10am: glanced in a hurry as I had to go, there were setups on EUR pairs but I skipped them due to heavy news
- GBPNZD - long - nice TDI and Stochs cross, price didn't cross the 5MA, though. PA: double candle breakout and was looking forward to three black crows (3 red riding hoods in our case ) on a previous support. I had to leave and I knew I would not be back for 2pm so I set a 5% SL and 40 pips TP... and totally forgot about cancelling 10 pips trailing SL from before... Now it reached a previous resistance level and it's consolidating.
Thanks Bizzzle for giving faith in clean TMS template Still have some trust issues, but all trades from this week were taken from what you see on screenshots, brilliant simplicity and no overload
Attached Image
  • #36,744
  • Apr 24, 2014 10:34am Apr 24, 2014 10:34am
EURAUD and EURJPY H1 today

3 trades: 2 winners, one B/E => +73 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-24 16.55 EURAUD EURJPY H1 - profit.png Size: 150 KB
fxFox (all times in my charts are GMT+1)
  • #36,745
  • Apr 24, 2014 10:35am Apr 24, 2014 10:35am
Quoting camron
Hi, I took these 3 trades (Nikkei, Nasdaq, Dow) and drew fibs on daily chart. Entered some on H1 and even on H4 the MBL is near 68. Please don't get confused with my TP. I prefer trailing my SL's rather than get my TP hit too early... Any suggestions? {image}
I imagine checking the news is a bit different, but it's great to see something else than commodities and currencies! Nikkei looks like a nice bounce, other two are suspiciously huge moves - nothing to do with any news? Looking forward to see how they go, though, crossing fingers for "the right way"
  • #36,746
  • Apr 24, 2014 10:48am Apr 24, 2014 10:48am
Quoting fxFox.mb
EURAUD and EURJPY H1 today 3 trades: 2 winners, one B/E => +73 pips {image}
Nice trades fxfox. Took same trade on E/Y but got stopped out for a loss. Instead of E/A I took G/A. still running with some left
Attached Image (click to enlarge)
Click to Enlarge Name: pic12.png Size: 60 KB
the cautious seldom err....C
  • #36,747
  • Apr 24, 2014 11:09am Apr 24, 2014 11:09am
Yesterday's EURCHF trade still open with no position management needed at my last check.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 24-Apr 08.45.jpg Size: 86 KB


BTW, for the thread contributor who is suggesting that members who post screen shots of their trades "after the fact or trade has closed" with the suggestion that the trades are "manipulated" here are a couple of things to consider:

1. You enjoy the luxury of examining the LO and NO at your local time of 1700 and 2200. Many thread viewers do not. Some of us rise from sleeping to check these market opens only to return to bed. So forgive us if we don't feel the need to take a screen shot of a trade and reply to the thread at that moment. Returning to bed tends to have a bit higher priority for many of us.

2. Some of us enter, exit or manage a trade far removed from the locale of our desktop computer. Again, posting screen shots may not be prudent or possible depending on ones circumstances.

The true motive of posting such comments is quite obvious and contributes nothing to those who are trying to learn or mentor in Eric's thread.
  • #36,748
  • Apr 24, 2014 11:14am Apr 24, 2014 11:14am
Quoting camron
Hi, I took these 3 trades (Nikkei, Nasdaq, Dow) and drew fibs on daily chart. Entered some on H1 and even on H4 the MBL is near 68. Please don't get confused with my TP. I prefer trailing my SL's rather than get my TP hit too early... Any suggestions? {image}
das ist ausgezeichnet! Zer gut Camron. Sorry, not my native tongue......
  • #36,749
  • Apr 24, 2014 11:18am Apr 24, 2014 11:18am
Posted about NZDJPY earlier, well it fell a bit lower than expected but on my chart red is touching green. I doubt if much will happen now till start of Asian session or as its ANZAC day tomorrow maybe LO.
Attached Image (click to enlarge)
Click to Enlarge Name: 2nzdjpyh1.png Size: 22 KB
  • #36,750
  • Apr 24, 2014 11:25am Apr 24, 2014 11:25am
Quoting hostwey
Posted about NZDJPY earlier, well it fell a bit lower than expected but on my chart red is touching green. I doubt if much will happen now till start of Asian session or as its ANZAC day tomorrow maybe LO. {image}
Hi,
Have you taken this trade?
Or if not, what signal are you waiting for?

Regards,
F
  • #36,751
  • Apr 24, 2014 11:31am Apr 24, 2014 11:31am
Quoting flinx
{quote} Hi, Have you taken this trade? Or if not, what signal are you waiting for? Regards, F
I'm waiting for the hourly candle to close in about 30 mins. Also a colour change candle of decent momentum has yet to form.
  • #36,752
  • Apr 24, 2014 11:34am Apr 24, 2014 11:34am
Quoting BaPops
{quote} das ist ausgezeichnet! Zer gut Camron. Sorry, not my native tongue......
Im still new to trading and just wanna improve. my better entry was the Japanese one. russians are still macho so i have to be careful. war su*ks.
  • #36,753
  • Apr 24, 2014 12:28pm Apr 24, 2014 12:28pm
Quoting fxFox.mb
EURAUD and EURJPY H1 today 3 trades: 2 winners, one B/E => +73 pips {image}
Nice trades FxFox , I took the same exact trade for buying the EJ and got stopped out at BE , so I thought this will turn messy and just watched the markets.
I wanted to take the EA buy trade but when I saw yesterday move I thought that the price is too high to buy, and again the market always proves that there is no too high or low price...

Cheers
  • #36,754
  • Apr 24, 2014 1:27pm Apr 24, 2014 1:27pm
AUD/USD 1H - BULL

There is a bullish divergence forming on the 1H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB
Take what the market gives you.
  • #36,755
  • Apr 24, 2014 2:06pm Apr 24, 2014 2:06pm
It seems nice setup.

http://i.imgur.com/KjVS6Xm.png
  • #36,756
  • Apr 24, 2014 3:25pm Apr 24, 2014 3:25pm
Quoting MoneyTalks58
It seems nice setup. {image}
yes I have been watching this one. Nice Double top, some divergence on the TDI....but now a hook and possible retracement, so the patience game begins
Attached Image (click to enlarge)
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  • #36,757
  • Apr 24, 2014 4:00pm Apr 24, 2014 4:00pm
Quoting timginter
{quote}My broker draws H4 candles 1 hour before yours I'm still sticking to TMS rules. though, and it seems to be working fine 6am - no trades 10am: glanced in a hurry as I had to go, there were setups on EUR pairs but I skipped them due to heavy news - GBPNZD - long - nice TDI and Stochs cross, price didn't cross the 5MA, though. PA: double candle breakout and was looking forward to three black crows (3 red riding hoods in our case ) on a previous support. I had to leave and I knew I would not be back for 2pm so I set a 5% SL and 40 pips TP......
Hey Tim,
How do u get both TDI and Stochs in one window?
Thanks! Scott
  • #36,758
  • Apr 24, 2014 4:08pm Apr 24, 2014 4:08pm
Quoting nsscott
{quote} Hey Tim, How do u get both TDI and Stochs in one window? Thanks! Scott
He just dragged the stoch in the TDI indicator window
  • #36,759
  • Apr 24, 2014 4:18pm Apr 24, 2014 4:18pm
Quoting MoneyTalks58
It seems nice setup. {image}

Very nice setup. I have opened a short position on EUR/NZD after confirming.

I would setup a TP near the purple line as shown on the chart.

The below picture is EUR/NZD 1H Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
Take what the market gives you.
  • #36,760
  • Apr 24, 2014 4:44pm Apr 24, 2014 4:44pm
Quoting Tiggrrr
AUD/USD 1H - BULL There is a bullish divergence forming on the 1H chart. {image}
It doesn't take long does it
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