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Genuine 5m 4R/R system

  • #1,241
  • Jun 29, 2014 11:13am Jun 29, 2014 11:13am
Quoting rifid
{quote} Hi diamonddbw, this is not a chart i posted and i can see no legitimet entries here.
++++++++++++++++++++++++++

As I expected. I could see no solid reason for entry here either. :nerd:
  • #1,242
  • Jun 29, 2014 12:28pm Jun 29, 2014 12:28pm
rifid, would you share your broker daily start time please. Then while reviewing your charts I can have solid reference point.

Thanks,
Darryl
  • #1,243
  • Jun 30, 2014 2:58am Jun 30, 2014 2:58am
hi rifid
I requested on Skype to join the group ,but no respond from you sofar?
thank
  • #1,244
  • Jun 30, 2014 5:43am Jun 30, 2014 5:43am
au sell ... valid i think ..c what happens

Attached Image (click to enlarge)
Click to Enlarge Name: au306.jpg Size: 105 KB
  • #1,245
  • Jun 30, 2014 8:30am Jun 30, 2014 8:30am
Quoting booker66
au sell ... valid i think ..c what happens {image}
it made to a scalp ..but i eventually pulled out with a small loss ...going nowhere...
RIFID ..was this trade on your radar ..if so how did you play it ..thanks booker
  • #1,246
  • Jun 30, 2014 10:51am Jun 30, 2014 10:51am
Quoting booker66
{quote} it made to a scalp ..but i eventually pulled out with a small loss ...going nowhere... RIFID ..was this trade on your radar ..if so how did you play it ..thanks booker
++++++++++++++++++++++++++++++++

FWIW:

After reading every post I'd say that this looked to me like a valid set up as per my interpretation of rules.

1. Not all set ups end in victory.
2. An area of congestion at this level, from last Wednesday.
3. Friday's AU range was met at today's reversal level.
and
4. Price reversed at precisely today's S2 pivot based on NY close.

Darryl
  • #1,247
  • Jun 30, 2014 11:36am Jun 30, 2014 11:36am
hi diamond ...thanks for feedback ..i think a scalp was the trade...
spot on with the s2 pivot ..etc should have been more observant !
all the best ...
  • #1,248
  • Jun 30, 2014 12:05pm Jun 30, 2014 12:05pm
Quoting booker66
hi diamond ...thanks for feedback ..i think a scalp was the trade... spot on with the s2 pivot ..etc should have been more observant ! all the best ...
++++++++++++++++++++++++++++++++

You're welcome.

After all, we're all Bozo's on this bus...
  • #1,249
  • Jul 1, 2014 3:50am Jul 1, 2014 3:50am
Quoting fredgold3434
hi rifid I requested on Skype to join the group ,but no respond from you sofar? thank
hi fredglod....have you any reply yet? ...ive been trying to join the skype group since 24 june but had no response ..
looks like its a closed shop if you didnt join in the first week ..hope not but looks that way ..nice to get a reply though ..
ill keep a lookout for possible trades and anyone in the skype group would like to put some trades taken as examples to keep thread going
and give us outsiders something to read would interesting ..zzzzzzz!
all the best booker ..
  • #1,250
  • Jul 1, 2014 10:12am Jul 1, 2014 10:12am
Quoting booker66
{quote} hi fredglod....have you any reply yet? ...ive been trying to join the skype group since 24 june but had no response .. looks like its a closed shop if you didnt join in the first week ..hope not but looks that way ..nice to get a reply though .. ill keep a lookout for possible trades and anyone in the skype group would like to put some trades taken as examples to keep thread going and give us outsiders something to read would interesting ..zzzzzzz! all the best booker ..
++++++++++++++++++++++++++++++++

Tried to PM you booker but your messaging is turned off.

It seems as though the skype room is broken. Updates are extremely slow, and today it went 6 hours without a post. It could be that there is a virus present in the room, so I bailed. I'm certain it will get sussed out, but at this time, you're missing nothing.
  • #1,251
  • Jul 1, 2014 1:38pm Jul 1, 2014 1:38pm
ok diamond ..thanks for the info .
been scouting around for a possible trade today ..some movement but a lot of consolidation on alot of currencies ...
nothing to trade i could find ..
cheers..
  • #1,252
  • Jul 1, 2014 6:47pm Jul 1, 2014 6:47pm
Here is ChfJpy trade I attempted (-5) about 2 hrs after London Open.

• White line just below upper 'X' is the level I chose.
• Orange line show trend
• Entry taken as pin bar breached white line.
• Sidebar #'s are greater than 5

Now, here is what was not perfect:
• The level I chose had 3rd pt. (upper white X next to R1 Pivot) almost 1p less than previous 2pts.
• Lower X, next to upper green arrow on right shows Lower Low by less than 0.5p.
--> Other than that, price had been making Higher Lows.

Non Thread support for this trade was;
• Price had bounced off of previous days high after taking hours to break through.
• Price had only fulfilled approx 1/2 of previous days range.

Jaime informed me this was not a valid set up. Fair enough. Am wondering if his observations were anything like what I just mentioned.
Attached Image (click to enlarge)
Click to Enlarge Name: ChfJpy 4R Copy.png Size: 37 KB
  • #1,253
  • Jul 1, 2014 9:48pm Jul 1, 2014 9:48pm
Hi Diamond,

Although alot earlier in the day there is a valid setup on the same chart which would of been a winner.

If you took the breakout just after your second green arrow. This was a perfect setup.

You have a horizontal level that is holding (your red line), a series of lower lows (your green arrows), and then the breakout occurs. It doesn't quite make 20 pips then retraces to entry point and then moves higher to hit TP. It is also with the trend.

With your setup there was only one touch of the horizontal support line (needs minimum of 2) and there was only 1 lower low that formed.

Hope this helps out

Justin
  • #1,254
  • Jul 2, 2014 4:07am Jul 2, 2014 4:07am
Quoting white318
Hi Diamond, Although alot earlier in the day there is a valid setup on the same chart which would of been a winner. If you took the breakout just after your second green arrow. This was a perfect setup. You have a horizontal level that is holding (your red line), a series of lower lows (your green arrows), and then the breakout occurs. It doesn't quite make 20 pips then retraces to entry point and then moves higher to hit TP. It is also with the trend. With your setup there was only one touch of the horizontal support line (needs minimum of 2) and...
agree with white ..saw the perfect set up when looked at your chart and was confused when you said it was a loser ..then read your post regarding
the other trade taken above which lost ..easy to see when you take a step back ..not so when your scanning a lot of charts .practice and patience are definately
needed ...
regards ...
  • #1,255
  • Jul 2, 2014 4:28am Jul 2, 2014 4:28am
This set up forming in AU... there should be at least one more point at resistance line then a slight pullback creating a void...
Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 44 KB
  • #1,256
  • Jul 2, 2014 4:53am Jul 2, 2014 4:53am
Missed this trade as I was sleeping....
This was a perfect setup.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 52 KB
  • #1,257
  • Jul 2, 2014 5:22am Jul 2, 2014 5:22am
Audcad setting up nicely, about to break
Attached Image
  • #1,258
  • Jul 2, 2014 5:32am Jul 2, 2014 5:32am
I will try to help you out later in the end of the day.
  • #1,259
  • Jul 2, 2014 5:52am Jul 2, 2014 5:52am
Quoting Amanfx
This set up forming in AU... there should be at least one more point at resistance line then a slight pullback creating a void... {image}
hi amanfx ..this doesnt fit to me ...your first point is on the wrong plane and the retrace off point 2 has retraced lower ...better to wait until trend change
anyone correct me if im wrong ...cheers booker .
  • #1,260
  • Jul 2, 2014 6:02am Jul 2, 2014 6:02am
Quoting white318
Audcad setting up nicely, about to break {image}
looks like triggering white ..the spread to high for me at my broker ...good luck .
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