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123PatternsV6 revisited

  • #1,561
  • Aug 7, 2014 10:16am Aug 7, 2014 10:16am
The little barstewards.
  • #1,562
  • Aug 7, 2014 11:11am Aug 7, 2014 11:11am
Quoting dee50
Perfect example of Broker manipulation. EU broker spread normally 1.7 pips, took out my SL 5 pips away. I went on deck for a ciggie and when I came back I just saw my SL disappear. See how my SL is hanging in mid air, Looks like the broker said "he has had enough money from us, lets take him out". This shit has never happened to me on Futures Trading. {image}
honestly I've seen no one dare to trade Dragi's show, still you had a nice trade for today, if your broker had 10 traders like you , I bet that he is going to be out of business in no time....
brilliant as usual Dee ......
  • #1,563
  • Aug 7, 2014 9:54pm Aug 7, 2014 9:54pm
Quoting dee50
{quote} I do not have the time to explain News Sentiment today, it is not a simple thing to explain, so I will try and find something that will explain it to you. News Sentiment is not the same thing as Trader Sentiment, Market Sentiment etc those things can be measured by Moving Averages, the VIX, Traders Sentiment Index an example of which can be found here on the Homepage of FF. I will try and explain, but just not today, sorry.
Thank you for the reply.

I am not in a hurry about this information...just trying to understand news trading.

I tried to find some information in the web but was only confused.

Any way will follow the thread and studying your trading.
  • #1,564
  • Aug 8, 2014 4:10am Aug 8, 2014 4:10am
Quoting Greenn
{quote} Thank you for the reply. I am not in a hurry about this information...just trying to understand news trading. I tried to find some information in the web but was only confused. Any way will follow the thread and studying your trading.
Trading the News with Sentiment. Start with these 2 links, have a look through these 2 sites you should get an idea of what is involved in analysing the news to provide you with the Sentiment for each announcement.
This is at least a starting point.

When I have found something more I will post it for you, the difficulty is, that determining Sentiment is highly subjective and depends on the level of experience of the analyst. Kathy and Boris have been doing this for some time and even have an Asset Management division based around News Trading so it is fair to say that they have developed a fairly reliable model on which to base their assessments.

Hope it helps, for now.
Day Trading News | Forex Trading Room - Learn From and Chat With Real Traders | BK Forex

BK Asset Management | Kathy Lien, Boris Schlossberg, Managed Forex, Forex News
Cut your Losers short and let your Winners run.
  • #1,565
  • Aug 8, 2014 10:31am Aug 8, 2014 10:31am
EU +20 +2, EU +30. A relaxing day today, I did not look at another pair, although there are several pairs in the berths either side of us that certainly warrant closer examination the sun is out the bikinis are out and it is holiday time, I may be old but that does not mean that I can not indulge, in a great deal of wishfull thinking.
1st trade hit first TP but then my SL got hit for B/E+2. Re-entered on break of triangle to complete the move to S&R Channel top which was my original target for the first trade. Nothing complicated.

Have a good weekend
Attached Image (click to enlarge)
Click to Enlarge Name: eu +20 +2 +30 80814.png Size: 62 KB
Cut your Losers short and let your Winners run.
  • #1,566
  • Aug 8, 2014 8:02pm Aug 8, 2014 8:02pm
Quoting dee50
{quote} Trading the News with Sentiment. Start with these 2 links, have a look through these 2 sites you should get an idea of what is involved in analysing the news to provide you with the Sentiment for each announcement. This is at least a starting point. When I have found something more I will post it for you, the difficulty is, that determining Sentiment is highly subjective and depends on the level of experience of the analyst. Kathy and Boris have been doing this for some time and even have an Asset Management division based around News Trading...
Thank you, it helps for now, i will check it.

Have a good weekend too.
  • #1,567
  • Aug 9, 2014 7:44am Aug 9, 2014 7:44am
Quoting dee50
EU +20 +2, EU +30. A relaxing day today, I did not look at another pair, although there are several pairs in the berths either side of us that certainly warrant closer examination the sun is out the bikinis are out and it is holiday time, I may be old but that does not mean that I can not indulge, in a great deal of wishfull thinking. 1st trade hit first TP but then my SL got hit for B/E+2. Re-entered on break of triangle to complete the move to S&R Channel top which was my original target for the first trade. Nothing complicated. Have a good...
Enjoy the Beach, Have a nice week end Dee.....
  • #1,568
  • Aug 13, 2014 8:08am Aug 13, 2014 8:08am
EU so far. +50. & News +30. First trade a "Hope this will go up Trade" off strong support level news took price upto TP. 2nd trade was Retail sales. Had a limit order that was slipped a few pips so I ended up a bit higher than I would have liked but the Euro was looking for an excuse and did not disappoint, first Tp hit for +30. SL at B/E +15 just below the BRN 1.3400, see if it holds.
Attached Image (click to enlarge)
Click to Enlarge Name: eu retail 130814.png Size: 65 KB
Cut your Losers short and let your Winners run.
  • #1,569
  • Aug 13, 2014 8:54am Aug 13, 2014 8:54am
Update news trade. Closed manually for +20 before my SL would have been hit. Logically, my 2nd TP was only 10 pips away from my 1st TP, my SL was 16pips below my 1st TP, seemed silly to give back 16 pips and anyway a look down the Barmaids Blouse on the 5m Stochs said time to leave.
Attached Image (click to enlarge)
Click to Enlarge Name: eu m5 Retail 130814.png Size: 53 KB
Cut your Losers short and let your Winners run.
  • #1,570
  • Aug 13, 2014 9:53am Aug 13, 2014 9:53am
meant to post this earlier, IMM Trader Positioning from the analysts at Danske Bank. Based on the COT report so it should be updated tomorrow morning, but for now here is last weeks.
Attached File(s)
File Type: pdf IMM_Positioning_110814.pdf   1.4 MB | 527 downloads
Cut your Losers short and let your Winners run.
  • #1,571
  • Aug 14, 2014 3:54am Aug 14, 2014 3:54am
Quoting dee50
Update news trade. Closed manually for +20 before my SL would have been hit. Logically, my 2nd TP was only 10 pips away from my 1st TP, my SL was 16pips below my 1st TP, seemed silly to give back 16 pips and anyway a look down the Barmaids Blouse on the 5m Stochs said time to leave. {image}

Lesson Learned : Stay away from the Blouse and stick to the Skirt ....
  • #1,572
  • Aug 14, 2014 9:37am Aug 14, 2014 9:37am
EU +32 +54. Absolute exact same trade as yesterday, except today I have marked up the chart and I set a more realistic TP based on the channel top that was clearly acting as resistance which I failed to pick up on yesterday. Entry was classic Trendline Bounce with strong Divergence at a BRN, it really does not get more straight forward than this. What you have to try to avoid is getting sucked into what everyone else is saying and just be guided by what PA is telling you, for example at the moment the world and his dog is saying go short but the HTFs are showing a 4hr Range and Daily consolidation so what is wrong with going long under these conditions you are hardly trading Counter Trend! and by the size of some of these Bull candles the Big Boys agree with me, or vice versa.
Attached Image (click to enlarge)
Click to Enlarge Name: eu +32 +54 140814.png Size: 74 KB
Cut your Losers short and let your Winners run.
  • #1,573
  • Aug 18, 2014 10:11am Aug 18, 2014 10:11am
EU +31 +21 +23. Triangle Trading. 1st trade placed Fri evening, 2nd trade Sunday evening & 3rd trade this morning, TP finally hit this afternoon. I could have looked at 20 pairs to see if any thing better had set up, but I am basically lazy, the EU triangle was a sure thing, slow slow slow slow, but sure, so why stress by looking for trouble else where, the top and bottom were clearly identified so I knew exactly where price was going to go.
Attached Image (click to enlarge)
Click to Enlarge Name: eu Triangle +31 +21 +23.png Size: 72 KB
Cut your Losers short and let your Winners run.
  • #1,574
  • Aug 18, 2014 10:49am Aug 18, 2014 10:49am
You always killing the market Dee
Thanks for all your chart postings, trying to read and learn from them...

Just a quick question, is the settings in the TDI indi standard, or do I need to adjust the settings if I'm trading the 4H TF?
Thanks for all your help.
Take care..
  • #1,575
  • Aug 19, 2014 5:03am Aug 19, 2014 5:03am
Quoting forexday
You always killing the market Dee Thanks for all your chart postings, trying to read and learn from them... Just a quick question, is the settings in the TDI indi standard, or do I need to adjust the settings if I'm trading the 4H TF? Thanks for all your help. Take care..
You need to ask this question on the TMS thread, they are actively trading the 4hr TF and would be able to give you a better answer, I have no experience of TDI trading on the 4hr TF. Just the thought of it gives me the shivers and makes the hairs on the back of my neck stand up.
Cut your Losers short and let your Winners run.
  • #1,576
  • Aug 19, 2014 7:50am Aug 19, 2014 7:50am
EU +27 + ongoing SL @ B/E +5. News CPI. Also quick scalp on UC +10 UJ +10, scalped the spike am not posting charts for these 2.
Attached Image (click to enlarge)
Click to Enlarge Name: eu CPI 190814.png Size: 64 KB
Cut your Losers short and let your Winners run.
  • #1,577
  • Aug 19, 2014 8:42am Aug 19, 2014 8:42am
This is what I am seeing at the moment. Do I close now or hold on and see if price makes it down to the Major S&R level @1.3295. Problem is it is currently stuck at this intermediate S&R level which is also the channel Bottom. Divergence has formed, but not what I consider strong divergence. For price to get down to the BRN would give us a session range of 55 pips, based on the last few days that is possible, but we have no more News to push it down. So as usual in trading we have a number of competing factors.

What would you do?
Attached Image (click to enlarge)
Click to Enlarge Name: eu CPI 190814.png Size: 69 KB
Cut your Losers short and let your Winners run.
  • #1,578
  • Aug 19, 2014 10:10am Aug 19, 2014 10:10am
Quoting dee50
This is what I am seeing at the moment. Do I close now or hold on and see if price makes it down to the Major S&R level @1.3295. Problem is it is currently stuck at this intermediate S&R level which is also the channel Bottom. Divergence has formed, but not what I consider strong divergence. For price to get down to the BRN would give us a session range of 55 pips, based on the last few days that is possible, but we have no more News to push it down. So as usual in trading we have a number of competing factors. What would you do? {image}
I would say take what is left on the table and run........
  • #1,579
  • Aug 19, 2014 11:14am Aug 19, 2014 11:14am
Quoting geomoon
{quote} I would say take what is left on the table and run........
EU + 27 +30. I agree, and I think your reason for stating that, is that the TDI is at a support level and that when scrolling back each time the TDI has come to this support level price has bounced back up combined with a longer period Divergence, and, that both the Stochs and the TDI on the 4hr and Daily charts are well into the OS level. Before you tell me, I am aware that once the oscillators are in OS zone price can continue down for some time, but Stochs has been OS for most of the day so it is likely that there will be a pullback, so if I move my SL down i would likely be taken out for +15 but if I close now I get +30 if I hold on to the trade and it does not retrace, I would get +39.
So if I close now I get +30, If I hold on I might get +39 but if my SL gets hit I get +15 a difference of 15 pips loss against a potential gain of 9pips.
Is that what you are saying?
Attached Image (click to enlarge)
Click to Enlarge Name: eu CPI 190814 +27 +30.png Size: 69 KB
Cut your Losers short and let your Winners run.
  • #1,580
  • Aug 19, 2014 12:05pm Aug 19, 2014 12:05pm
Quoting dee50
{quote} You need to ask this question on the TMS thread, they are actively trading the 4hr TF and would be able to give you a better answer, I have no experience of TDI trading on the 4hr TF. Just the thought of it gives me the shivers and makes the hairs on the back of my neck stand up.
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