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  • #34,881
  • Oct 28, 2014 4:45pm Oct 28, 2014 4:45pm
AU H4 DBX has formed a convergence pattern.
Can you tell me where AU is heading to based on PPA if you are a pure guy?
Attached Image
daddybearforex. com
  • #34,882
  • Oct 28, 2014 5:12pm Oct 28, 2014 5:12pm
Made 174 pips [6.7%] today [US] based on TE.
Closed all UJ positions based on UJ H1 DBX.
50% of the gain came form AU trades.
IMO AU is a money printer like EJ and very choppy as well.
The best time to enter AU trades is at the onset of DBX trending.
This is done to prevent positions from stopped out prematurely.
daddybearforex. com
  • #34,883
  • Oct 28, 2014 5:28pm Oct 28, 2014 5:28pm
Exiting a trade is much more difficult than entering.
The main reason is because the traders have both fear and greed in their minds,
while entries have the greed only. The fear is associated with another type of greed for fearing not making 100% of the profits from the trades. In other words, most traders want to get last penny from every trade. This is the reason why this type of traders lost money in the end.

http://www.forexfactory.com/attachme...1&d=1414535253
daddybearforex. com
  • #34,884
  • Oct 28, 2014 5:51pm Oct 28, 2014 5:51pm
Let DBX Trading System be your GPS in the FX chaos!

http://upload.wikimedia.org/wikipedi...SA_art-iif.jpg
daddybearforex. com
  • #34,885
  • Oct 28, 2014 5:53pm Oct 28, 2014 5:53pm
When the market is quite, use higher TF DBX to prevent early entries from happening.
daddybearforex. com
  • #34,886
  • Edited 7:07pm Oct 28, 2014 6:55pm | Edited 7:07pm
Announcement

The balance of the demo account used for Trade Explorer has increased $10,533.
This was done due to an ignorant guy who thought I made $30 only yesterday.
The TE account is being used to demo the use of DBX not to make big profits.
The percentage and pips are the results that I pay attention to.
daddybearforex. com
  • #34,887
  • Oct 28, 2014 7:07pm Oct 28, 2014 7:07pm
Accordingly, The trading size will move up to mini lots from micro lots.
daddybearforex. com
  • #34,888
  • Oct 28, 2014 8:02pm Oct 28, 2014 8:02pm
Quoting DaddyBear
AU H4 DBX has formed a convergence pattern. Can you tell me where AU is heading to based on PPA if you are a pure guy? {image}

Based on this, and Daily chart I would continue to buy the dips...
  • #34,889
  • Oct 28, 2014 8:28pm Oct 28, 2014 8:28pm
Quoting BlkR
{quote} Based on this, and Daily chart I would continue to buy the dips...
Although AU Daily GDI is pointing to the north, there is a chance that it may buckle later.
The reason is based on H4 DBX configuration.
daddybearforex. com
  • #34,890
  • Oct 28, 2014 9:53pm Oct 28, 2014 9:53pm
DBX Users:
Watch AU H4 DBX for a possible move next.
daddybearforex. com
  • #34,891
  • Oct 28, 2014 10:32pm Oct 28, 2014 10:32pm
Quoting DaddyBear
{quote} Although AU Daily GDI is pointing to the north, there is a chance that it may buckle later. The reason is based on H4 DBX configuration.
According to DBX trading setups, no trades should be engaged, sometimes, H4 DBX may reveal some clues as to the possibility of a breakdown or a breakout. I was trying to read further into DBX patterns.
As mentioned before, DBX looks simple but the patterns may provide more information than what I know up to this point.
daddybearforex. com
  • #34,892
  • Oct 28, 2014 11:19pm Oct 28, 2014 11:19pm
DBX Users:
Watch AU H1 DBX for a possible move next.
daddybearforex. com
  • #34,893
  • Oct 28, 2014 11:27pm Oct 28, 2014 11:27pm
Quoting DaddyBear
DBX Users: Watch AU H1 DBX for a possible move next.
A convergence pattern with GDI pointing to the south or crossing under MDB is considered as a bearish pattern.
daddybearforex. com
  • #34,894
  • Oct 28, 2014 11:28pm Oct 28, 2014 11:28pm
Seems to me AU is pretty stubborn at this point.
daddybearforex. com
  • #34,895
  • Oct 29, 2014 12:39am Oct 29, 2014 12:39am
Quoting DaddyBear
Seems to me AU is pretty stubborn at this point.
Correct me if im wrong but dont we see 3 of a kind in AU ?
  • #34,896
  • Oct 29, 2014 1:01am Oct 29, 2014 1:01am
Quoting BlkR
{quote} Correct me if im wrong but dont we see 3 of a kind in AU ?
Yes, it was but M15 DBX has changed.
My rationale was H4 trending has started 6 bars ago.
IMO, to continue such a trending, more momentum is needed but I did not think AU got enough support at this level.
When Three of A Kind pattern appears, I have to see if it can last.
daddybearforex. com
  • #34,897
  • Oct 29, 2014 1:04am Oct 29, 2014 1:04am
I have entered AU due to H1 signal
  • #34,898
  • Oct 29, 2014 1:08am Oct 29, 2014 1:08am
Quoting BlkR
{quote} reason for the closed of both currencies ?
This is beyond DBX.
When looking at UJ H4, my instinct told me to exit both UJ and EJ.
I think I made a right decision.
Edit:
UJ H4 DBX has formed a convergence pattern.
H4 GDI was still above MDB and 3 Doji candles lined up horizontally.
When reading this combo, my instinct told me to exit UJ.
This combo is a continuation pattern 9 out of 10 times.
EJ may follow suit so closed all.
daddybearforex. com
  • #34,899
  • Oct 29, 2014 1:12am Oct 29, 2014 1:12am
Quoting BlkR
I have entered AU due to H1 signal
You can read AU's mind now.....
Current AU H1 DBX's signal is pretty solid IMO.
Note:
There are strong DBX signals and weak ones as well.
A combined reading including candlesticks is a must.
daddybearforex. com
  • #34,900
  • Edited 3:36am Oct 29, 2014 1:22am | Edited 3:36am
Quoting DaddyBear
{quote} You can read AU's mind now..... Current AU H1 DBX's signal is pretty solid IMO. Note: There are strong DBX signals and weak ones as well. A combined reading including candlesticks is a must.
well must be some news that i missed

Exited AU 10 pips loss

EJ and UJ was the winner here with more than 20 pips each
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