USDJPY
closed trade hit by SL: gain 27 pips
break the 21ema , pulled back, then move way,
nice RT
closed trade hit by SL: gain 27 pips
break the 21ema , pulled back, then move way,
nice RT
Yvon
4 Hour Strategy (MACD)
- #27,842
- Jul 10, 2014 3:05pm Jul 10, 2014 3:05pm
in eurusd: A RT Sold 1.3645 A pull back to 365 A pull back to neckline Expecting a third bounce Expected bounce up in the dollar index! 40 pips secured
). Anyway this is the way I am seeing it - can you have a look & add your ideas. I will be waiting for a break below the neckline with a pullback then move away to confirm a completion of the H & S pattern.
- #27,844
- Jul 10, 2014 3:39pm Jul 10, 2014 3:39pm
{image} EUR JPY - H4 So. I have pulled the trigger on this one.
Thanks for the posts
- just trying to see what you are thinking. I guess you entered on all 3 so would you mind talking us through your decisions. Sometimes we all see things a bit different & what you see as a nice set up may not be easy for everyone to follow.EJ - was your decision to pull the trigger based on a break down from 138.00 BRN / penetration of recent support / crossover of the Zero Macd line ?
EC- my charts a bit different to yours. Are you entering at a breakout of the BRN 1.4500 or a zero cross.? or both?
GC - I don't have this pair at all so hard to see what you are watching. From what I see on your chart, price is really stuck in a consolidation. Ma's are pretty flat and price is weaving in & out of these.
It is always a fun exercise following what everyone else is seeing and helps with our learning too ( me especially
)Cheers buddy,
- #27,845
- Jul 10, 2014 3:52pm Jul 10, 2014 3:52pm
{quote} Awesome Yvon -I had a view of a H & S and this was the rolling over of the Right Shoulder. Was tempted to go short with the RT but held out as it was a CT for me back to the 21. ( Should have trusted my gut eh
Sold 1.3645
A pull back to 365
A pull back to neckline
Expected a third wave.
Expected bounce up in the dollar index!
We have sometime different views on the subjet. But I am so glad we have! The reason, you are right to take it as a Counter Trend there, totally agree with, I hope you ‘ll never change your approach!
I like your way, I am paying attention to your moves (when I am around!) –I tend to slightly move away from the rules! And sometime I get caught!---
Indeed it is a counter trend, seen as such, on that specific RT.
But the way I see it is kind of finding before, trying to see what did happens---And the rules, for sure wants us to “ANTICIPATE”, except that maybe I am looking too far back sometime, while just taking the RT as such, would have been ok. I guess you see what I means by that.
I remember being stop in time by the confusion that RT made to me, specifically there . So I started looking back trying to observe the history to why the price went that high, then kind of getting flat, or little consolidation there.-but already there , my mind was expecting another bounce, and that was it!- but just not too convince yet!
I then was glad to see the pair getting back to that neckline! That made “one “ in my mind.-
Then I looked above and saw that price have also pulled back to the 365!- it made “two” in my mind!
And then, I looked at the first RT, on june the 19, kind of nice RT, saw a divergence on the macd when I compared it with the third RT the pair just made today-it made three in my mind… So I went for it!
Yvon
- #27,846
- Jul 10, 2014 3:57pm Jul 10, 2014 3:57pm
USDJPY closed trade hit by SL: gain 27 pips
for a traders "TEA PARTY
" LOL.Nice TC partner.
- #27,847
- Jul 10, 2014 4:06pm Jul 10, 2014 4:06pm
WEEKEND HOMEWORK GUYS:
Getting close to weekend now so thought I would throw this one in if anyone is interested. It is a shot of the Kiwi right now . What is your opinion of the possibilities ( based on the Rythym & H4 method of this thread ) and reasons why. I will leave you to zoom out on your own charts to see how this has started setting up.
Then early next week we can see the results of our anticipation and compare notes. Just for a bit of interest over the weekend. If this sounds like a bit of fun. perhaps we can take turns on a Friday to post something we would like to share. I know there's not many of us left here but we are a really tight knit family and this is the best thread around IMHO.
Getting close to weekend now so thought I would throw this one in if anyone is interested. It is a shot of the Kiwi right now . What is your opinion of the possibilities ( based on the Rythym & H4 method of this thread ) and reasons why. I will leave you to zoom out on your own charts to see how this has started setting up.
Then early next week we can see the results of our anticipation and compare notes. Just for a bit of interest over the weekend. If this sounds like a bit of fun. perhaps we can take turns on a Friday to post something we would like to share. I know there's not many of us left here but we are a really tight knit family and this is the best thread around
IMHO. - #27,848
- Jul 10, 2014 4:14pm Jul 10, 2014 4:14pm
{quote} Sold 1.3645 A pull back to 365 A pull back to neckline Expected a third wave. Expected bounce up in the dollar index! We have sometime different views on the subjet. But I am so glad we have! The reason, you are right to take it as a Counter Trend there, totally agree with, I hope you ‘ll never change your approach! I like your way, I am paying attention to your moves (when I am around!) –I tend to slightly move away from the rules! And sometime I get caught!--- Indeed it is a counter trend, seen as such, on that specific RT. But the way...
As they say - a Picture is worth a thousand words . How true. I can see clearly the 3 attempts to move higher. The final effort showed the bears wanted to run the show. Nice one.
- #27,852
- Jul 10, 2014 7:46pm Jul 10, 2014 7:46pm
{quote} In 20 pips we have a high point since Aug 2011 (.88415). How would this factor into the Rhythm rules?
on the weekly chart of NZDUSD:
maybe when it will reache that point, there will be a pull back to the weekly 21ema, making at the same time 3 bounces in a row or 3 rts in a row and already a divergence pointing . so we should probably expect a pull back to the 21ema and possibly lower then that. will see...
Yvon
- #27,853
- Jul 10, 2014 8:10pm Jul 10, 2014 8:10pm
{quote} In 20 pips we have a high point since Aug 2011 (.88415). How would this factor into the Rhythm rules?
Split your ideas into Plan A & Plan B.
Yvon has given us a clue. Even the Daily is speaking quietly to us
.Enjoy
- #27,854
- Jul 10, 2014 8:35pm Jul 10, 2014 8:35pm
{quote} Howdy LaG, Thanks for the posts
I do like this system and think that it can help one
nicely in trading.
The reason, actually, that I do put the charts up,
is to get comments from these members on this post.
Right.
EUR JPY - H4
The two red arrows show nice lower highs that came slowly down with
the trend lines - trend lines are resistance there.
Price is under the MA's and the MA's are opening of those last 3, 4 candles.
Price broke the nearest low fractal.
So, whilst that bar was busy breaking the 0 line on the MACD, I sell.
I do another sell on the last prize bar, too.
Blue square is previous support.
EUR CAD - H4
Resistance at the red arrows.
Price broke the red TL and close under the two EMA's.
MA89 points down, and the bar went under the 0 on MACD.
Sell at A
Previous support at the blue square.
GBP CAD - H4
Price did went top of MA's but I thought that the trend is down
so when price came back down it show something.
The black sup. TL is making me think so I sifted my TP
to where it is now.
That's it.
- #27,855
- Edited 7:54am Jul 11, 2014 12:28am | Edited 7:54am
{quote} Yes. I'm so new to trading that I still smell of paint. I do like this system and think that it can help one nicely in trading. The reason, actually, that I do put the charts up, is to get comments from these members on this post. Right. {image} EUR JPY - H4 The two red arrows show nice lower highs that came slowly down with the trend lines - trend lines are resistance there. Price is under the MA's and the MA's are opening of those last 3, 4 candles. Price broke the nearest low fractal. So, whilst that bar was busy breaking the 0 line on...
hi,
well I just looked at your set up on GBPCAD:
It looks very similar to mine! Now,let's see what will be coming next, looking for the best result!
edit: that thing turned around! just lost 23 pips! too bad for that one!
Yvon
- #27,856
- Jul 11, 2014 12:47am Jul 11, 2014 12:47am
about EURCAD:
an example of a break of 21ema(blue)., a pull back then a move away.
then an example of 3 sisters, and a break down ( which I missed, wasn't there)- look at weakness from the macd, on the third wave, the momentum fades away...
look at the three sisters level...at about the same hight of the neckline... so those three sisters where an attempt to go higher, but now just considered as a pull back to a resistance, before moving down...
good night!
an example of a break of 21ema(blue)., a pull back then a move away.
then an example of 3 sisters, and a break down ( which I missed, wasn't there)- look at weakness from the macd, on the third wave, the momentum fades away...
look at the three sisters level...at about the same hight of the neckline... so those three sisters where an attempt to go higher, but now just considered as a pull back to a resistance, before moving down...
good night!
Yvon
- #27,860
- Jul 14, 2014 8:56pm Jul 14, 2014 8:56pm
AUDNZD Waiting for candle to close. {image}
My 2cents on the Aussie/kiwi.
Looking at the bigger picture on the weekly there is a strong chance that we will see a further down move toward that support level that has been tested twice since December. If the weakness remains there, I would be looking to get in with the trend but not just yet. The chart is very congested & I will need to see a good break out setup from lower T/Line support. At the moment there is no clear direction.
