Disliked{quote} Gidday Nic, My provider is AxiTrader from Aust. Shows different candles to you even though it is MT4 chart data. My candle time is Addis Abbaba. {image} {image}Ignored
4 Hour Strategy (MACD)
- #28,184
- Aug 14, 2014 7:37am Aug 14, 2014 7:37am
Hi Yvon, You are back. I was reading your post on 28167. The part about using longer TF is good and gave me some insight. But I have never used ATR before so I did not make much out of it. Nicholas
ATR : I don’t have any credit for the idea, Phillip Nel, mentionned it . I use it to have an idea of a day range so the SL would be no too closed. But usually it is not the ATR fault if I get hit, it is mine! But at least, I start a trade on the right foot!
Yvon
- #28,186
- Aug 14, 2014 8:08am Aug 14, 2014 8:08am
GBPUSD entry: PS: Does anybody make a comparison between pairs of the same currency (ex: GBPUSD / GBPJPY / GBPCHF)? Can we assume that they tend to have a similiar move and stronger pairs (GBPUSD) could be an antecipation of weekers (GBPxxx)? {image}
Good morning bmgsoares ,
Sorry if I wasn’t clear enough when I mentioned that. I was meaning in this case, what is related to the US dollar. Like eurusd, gbpusd, audusd, usdcad, nzdusd as example. If you look at those pair they have something in common: they just turned around (4hrs chart) the last 2 or 3 candles, all penalizing the USD. It just means if I have a trade in one of those pair and I am not sure what would be next, I ‘ll take a look at similarities to see what they are doing . It doesn’t means that I will be able to see exactly what will be next, but when it does, it help me in my trading.
Yvon
- #28,187
- Aug 14, 2014 8:25am Aug 14, 2014 8:25am
EURUSD: trade closed , hit by SL +27 pips
when I look at it, it is a strange trade!
when the price reached the 89sma(purple) I was just looking for a place to sell it; it ended up to be the 89!
when I look at it, it is a strange trade!
when the price reached the 89sma(purple) I was just looking for a place to sell it; it ended up to be the 89!
Yvon
- #28,190
- Aug 14, 2014 10:33am Aug 14, 2014 10:33am
{quote} Does make sense to have a pattern confirmation on a couple of related pairs before entries?!
Well, I don’t do that. I use the strategy as parameters. Sure I have seen the longer term for direction first. If there is patterns on the chart I want to trade I’ll go for it, I don’t look further.
. But I won’t necessarily look for related pairs to take confirmation of the trade I tend to initiate.
Looking at related pairs would be as general tendency, but nothing else, just a matter of re comforting myself in case of temporary doubt!
Yvon
- #28,191
- Aug 14, 2014 4:38pm Aug 14, 2014 4:38pm
Weekend Whisper - Aussie & Kiwi
Hi guys. Only 1 trade this week ( short Euro) and had to close it just before US Red News the other nite. Took a 19pip hit but as it turned out , it saved me about 12 pips which was my stoploss and would have been taken out for sure with the poor US news.
I find that the markets in these current times are really unsettled and it is hard to anticipate what may happen. Financial worries, wars everywhere , more & more News Events.... I guess what we got is what we got and I personally still struggle to find that signal that gives me the edge I need to be confident. Paper Trading was a breeze compared to pulling the trigger on your Live account. You can take 4-5 consecutive hits ( which I did ) and you gotta question what you are doing wrong. I know it has been said in jest before on many threads , but if I had only taken the opposite side to what I had anticipated, I would be sitting around 72% instead of 28%.
I am looking seriously at why my trades are not going where I want - one thing I think may be a factor is that I trade during NZ time & the big markets are not open. My charts seem to tick along pretty slowly and just meander without too much conviction or Volume.
I think I need to find 1 or 2 more filters to give me a bit more certainty & confidence. I will let you know what I find.
Meantime - I have been keeping a close eye on these 2. What do you guys think
??
Hi guys. Only 1 trade this week ( short Euro) and had to close it just before US Red News the other nite. Took a 19pip hit but as it turned out , it saved me about 12 pips which was my stoploss and would have been taken out for sure with the poor US news.
I find that the markets in these current times are really unsettled and it is hard to anticipate what may happen. Financial worries, wars everywhere , more & more News Events.... I guess what we got is what we got and I personally still struggle to find that signal that gives me the edge I need to be confident. Paper Trading was a breeze compared to pulling the trigger on your Live account. You can take 4-5 consecutive hits ( which I did ) and you gotta question what you are doing wrong. I know it has been said in jest before on many threads , but if I had only taken the opposite side to what I had anticipated, I would be sitting around 72% instead of 28%.
I am looking seriously at why my trades are not going where I want - one thing I think may be a factor is that I trade during NZ time & the big markets are not open. My charts seem to tick along pretty slowly and just meander without too much conviction or Volume.
I think I need to find 1 or 2 more filters to give me a bit more certainty & confidence. I will let you know what I find.
Meantime - I have been keeping a close eye on these 2. What do you guys think
?? 
- #28,195
- Aug 15, 2014 4:47am Aug 15, 2014 4:47am
Weekend Whisper - Aussie & Kiwi Hi guys. Only 1 trade this week ( short Euro) and had to close it just before US Red News the other nite. Took a 19pip hit but as it turned out , it saved me about 12 pips which was my stoploss and would have been taken out for sure with the poor US news. I find that the markets in these current times are really unsettled and it is hard to anticipate what may happen. Financial worries, wars everywhere , more & more News Events.... I guess what we got is what we got and I personally still struggle to find that signal...
This is how I have the Aus/NZD pair. As you can see it would suggest any move down could be short lived. Possibly only to the 50% retrace of that small move up.
You can see a large candle on e (of a/b/c/d/e set up)which is where big boys have bought as this is set up for a long break out on the daily. (Unless it fails of course).
I may try and grab a quick short if i can find a good entry in the 30 mins otherwise I personally thinking shorting this pair could be a bit risky, especially anywhere past the 1.0950 level (which is around where I am hoping to go long somewhere)
- #28,196
- Aug 15, 2014 3:53pm Aug 15, 2014 3:53pm
{quote} Hi Binnie, This is how I have the Aus/NZD pair. As you can see it would suggest any move down could be short lived. Possibly only to the 50% retrace of that small move up. You can see a large candle on e (of a/b/c/d/e set up)which is where big boys have bought as this is set up for a long break out on the daily. (Unless it fails of course). I may try and grab a quick short if i can find a good entry in the 30 mins otherwise I personally thinking shorting this pair could be a bit risky, especially anywhere past the 1.0950 level (which is...
I see the pullback is almost back to the 50fib level & is now moving up . Its amazing how these Fibs keep showing up everywhere. Run a 161 Extn and where does it take us on this current move up?? Right to the top of my channel I had drawn a few days ago??? How does that happen LOL
Ok - if this heads north on Monday it may be worth a look .
Thanks for the thoughts.
- #28,197
- Aug 15, 2014 3:55pm Aug 15, 2014 3:55pm
Can someone help me please! The MACD colored v103 does not work on my MT4 chart anymore, maybe the MT4 was updated continuously but the indicator was so old, I need MACD with alert of TC signal, does anyone know how to do it? Thanks a million times.
Safe trades buddy.
- #28,198
- Aug 15, 2014 4:07pm Aug 15, 2014 4:07pm
AUDNZD in trade and watching closely {image}
The Euro is much the same - does not want to share with us. Waiting to see direction on monday now - we are stuck in a 100 pip consolidation now so waiting for a possible BPM in either direction - so long as it is strong
Have a neat weekend mate.