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  • #41,621
  • Oct 1, 2014 10:10pm Oct 1, 2014 10:10pm
Hi Amilate,

do u guys use round numbers as support and resistance or just the ones we draw...

Regards
  • #41,622
  • Oct 1, 2014 10:15pm Oct 1, 2014 10:15pm
did u guys notice nzd/jpy just jumped around 50 pips...any ideas why...I cant see any news

Regards
  • #41,623
  • Oct 1, 2014 10:18pm Oct 1, 2014 10:18pm
Did you see that eur/nzd jumped 130 pips, and gbp/nzd 170 pips in the same amount of time...? No news that I see. Someone's making money. Maybe stop hunting.
  • #41,624
  • Oct 1, 2014 10:34pm Oct 1, 2014 10:34pm
Quoting dennis4u15
Hi Amilate, do u guys use round numbers as support and resistance or just the ones we draw... Regards
Hmm good question. Normally I will take into consideration of jumping in and out if necesssary. Mostly, on higher TF.
Can have more time to think with the analysis.

If trading in lower timeframe, that's fast and furious as one of the pro's said. You ain't go time to think. Quick in and quick out.
  • #41,625
  • Oct 1, 2014 10:47pm Oct 1, 2014 10:47pm
Thanks Amilate,

Im trying to place trades using 1 hr time frame...I also have round numbers indicator on my chart...if the support and resistance is close to the round numbers then
it kind of carries more weight..i also have MTF TMS to see how TDI is behaving on the 4 hr chart...if it is in the direction of the 1hr time frame then the probability of the trade being successful rises...at times I still take trades when its not in tandem...the only problem is the Take Profit as I tend to get out too early or two late. I also use the daily range indicator to see how much room is available for the price to move.. for example a pair with a range of 80 or so I try and milk around 30 or so pips...I do at times leave a lot on the table...I guess getting some pips in the bank is better than nothing...Still learning from the pros..

Regards
  • #41,626
  • Oct 1, 2014 10:48pm Oct 1, 2014 10:48pm
Quoting amilate
{quote} This the artwork of D@ Pro's. Very well taken. These posting make life for inspiring on trading. SALUTE.
Thanks amilate out with +232. You are doing good too
Sad i'm not trying to understand PA
  • #41,627
  • Oct 1, 2014 10:51pm Oct 1, 2014 10:51pm
a good S&R area..right on top of the round number
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  • #41,628
  • Oct 1, 2014 10:59pm Oct 1, 2014 10:59pm
A 50 pip trade...don't know why NZD just jumped so many pips...lucky I was on the right side of the trade...I was initially looking for around 20 pips.

Regards
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  • #41,629
  • Oct 1, 2014 11:31pm Oct 1, 2014 11:31pm
Quoting dennis4u15
A 50 pip trade...don't know why NZD just jumped so many pips...lucky I was on the right side of the trade...I was initially looking for around 20 pips. Regards {image}
Very good trade , TDI crossing from over sold area ie 32 zone is often good cross following a PCRF candle formation pattern, at the time of the entry TDI red green was open and extremely separated from each other, that indicates a momentum pick, so your trade is fine, I'd rather take it on the open of the third blue candle when it breaks above the last 4 candles, to minimise risk and correct timings of entering the trade
I Have Learned to Take Some Losses to Make Profits
  • #41,630
  • Oct 1, 2014 11:32pm Oct 1, 2014 11:32pm
Quoting dennis4u15
A 50 pip trade...don't know why NZD just jumped so many pips...lucky I was on the right side of the trade...I was initially looking for around 20 pips. Regards {image}
I'm not sure what's going, most of time AUD and NZD moving parallel mode. So good pips.
  • #41,631
  • Oct 1, 2014 11:42pm Oct 1, 2014 11:42pm
Hi Amilate,

What does PCRF mean??

Regards
  • #41,632
  • Oct 1, 2014 11:46pm Oct 1, 2014 11:46pm
Also how do u set take profit levels, do u see the curving of the TDI, Support and resistance, monitor it hourly, look at the ADR or u set a certain number of pips..

Im trying to be precise in my exit, that's something im not sure about.

Regards
  • #41,633
  • Oct 2, 2014 12:07am Oct 2, 2014 12:07am
Quoting dennis4u15
Hi Amilate, What does PCRF mean?? Regards
Here you go.

From one of the Pro's Work.
Attached File(s)
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  • #41,634
  • Oct 2, 2014 12:22am Oct 2, 2014 12:22am
Quoting amilate
{quote} Here you go. From one of the Pro's Work. {image}
Thanks for posting that, read it, read Phx62 books, look for similarities, study those and take them off TDI overbought or oversold, take them in a trending and at least I am trying to follow those formation in a trending market, along the pullback candles

Today backtesting went nuts, entered here, pa reverse, entered there pa reverse, chasing trades and all of the mistakes, finally , it was ranging market
I Have Learned to Take Some Losses to Make Profits
  • #41,635
  • Oct 2, 2014 12:35am Oct 2, 2014 12:35am
Quoting TheScorpS
{quote} Thanks for posting that, read it, read Phx62 books, look for similarities, study those and take them off TDI overbought or oversold, take them in a trending and at least I am trying to follow those formation in a trending market, along the pullback candles Today backtesting went nuts, entered here, pa reverse, entered there pa reverse, chasing trades and all of the mistakes, finally , it was ranging market
Your welcome. I didn't have indepth of understand of it. By the way... I expect less movement on EA.

Higher TF4 playing around the EMAs. But, Bearish is giving signal on Daily. I am staying out. too another 60. Overall 180-30= 150pips.
Damn, I just haven't struck a big winner as TODAY .
I'm going lay low abit from trading. Too much confident usually makes unnecessary mistake.
BTW, my account finally showing a sign of ROI...
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  • #41,636
  • Oct 2, 2014 12:49am Oct 2, 2014 12:49am
Quoting amilate
{quote} Your welcome. I didn't have indepth of understand of it. By the way... I expect less movement on EA. Higher TF4 playing around the EMAs. But, Bearish is giving signal on Daily. I am staying out. too another 60. Overall 180-30= 150pips. Damn, I just haven't struck a big winner as TODAY . I'm going lay low abit from trading. Too much confident usually makes unnecessary mistake. BTW, my account finally showing a sign of ROI... {image}
Yeah EA is consolidating after breaking a minor Descending triangle, I was up when PA was converging, but went back to sleep, later on PA on M15 closed below the triangle, from there there was the entry lying, now since PA almost consumed half its daily ADR, I would not want to trade LO, rather looking at GJ at the moment, so another GBP news coming and ECB later, so that depends on LO what it prints on GJ and might go from there
I Have Learned to Take Some Losses to Make Profits
  • #41,637
  • Oct 2, 2014 12:53am Oct 2, 2014 12:53am
thanks TheScorps,

thanks for having look at my charts...please do elaborate on how u set ur Profit levels when trading on 1 hr time frame...im learning to trade on the 1hr TF...I do have TMS MTF which shows what is happening on the 4hr time frame...at times I do take trades when 4hr is not in tandem with the 1hr TDI...I also draw support and resistance lines and the round number indicator..i try to enter when atleast I have TDI crosses and support n resistance broken or being at quite a distance...also I look for big synergy candles and normally take the trade after the close of second candle...there are many ways to exit but I still tend to stuff it up from time to time...please do advise..wana learn the pros and con of the method.

Regards
  • #41,638
  • Oct 2, 2014 1:06am Oct 2, 2014 1:06am
Quoting dennis4u15
thanks TheScorps, thanks for having look at my charts...please do elaborate on how u set ur Profit levels when trading on 1 hr time frame...im learning to trade on the 1hr TF...I do have TMS MTF which shows what is happening on the 4hr time frame...at times I do take trades when 4hr is not in tandem with the 1hr TDI...I also draw support and resistance lines and the round number indicator..i try to enter when atleast I have TDI crosses and support n resistance broken or being at quite a distance...also I look for big synergy candles and normally...
For exit, I use harmonic movements, ie ABCD, another way of measuring the exit, is if the pairs having been in a good ADR, I rather get a +40 to +50 as a general rule of thumb, other than that what you are doing is a good way ie, support and resistance , I also look for last week London low and high on each day and measure support and resistance based on that as well as targets

Guess what I keep those LO and NYO boxes on my chart , as well as using TDI strenght to measure a continuation movement or a slow in momentum and an exit to follow that

Phx62 always said that when TDI ie red green are extremely separated from each other, you can follow to get more pips from the trade, when they are separated from each other, you can even wait a rebounce red on green, stay in the trade and get even more pips
I Have Learned to Take Some Losses to Make Profits
  • #41,639
  • Oct 2, 2014 1:15am Oct 2, 2014 1:15am
EA Daily Buying Guide.

Bear taking over bouncing from 61.8, while Bull... choking up, showing retracement going from 100 to 76.4.
I expect the price will drop to 61.8 or 50, even 38.2 before the BULL planning serious take over.

Base on the daily, I serious prefer buying around 1.42000 - 1.42200. ( Forming Inversed H&S ).
Anything upper level... not too much interested. Maybe a good discounted pricey at 1.41000.
So just wait opportunity to sell.

What do you think ??
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  • #41,640
  • Oct 2, 2014 1:26am Oct 2, 2014 1:26am
Hi guys! I am from the US and i am trying to open an account with oanda. But somewhow
they won't let me download mt4. Does Oanda not allow a US account anymore?
And if that's the case, can anybody refer a broker with a small deposit?

Thanks, Brian


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