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  • #44,801
  • Nov 25, 2014 12:41am Nov 25, 2014 12:41am
Quoting lastingwell
Ok, checked in this morning to find 126 posts to read!! Fantastic trading everyone, brightened my morning to read all the posts, I should be back to trading (and posting) normally by tomorrow so it will be nice to get in amongst it again

Hurry back.... I have a lot to learn from you.
  • #44,802
  • Nov 25, 2014 12:41am Nov 25, 2014 12:41am
Quoting lastingwell
Ok, checked in this morning to find 126 posts to read!! Fantastic trading everyone, brightened my morning to read all the posts, I should be back to trading (and posting) normally by tomorrow so it will be nice to get in amongst it again
Fantastic trading because of Fantastic senior traders ...
  • #44,803
  • Nov 25, 2014 12:45am Nov 25, 2014 12:45am
Quoting griffinssoul
{quote} Thanks erelation... watching AU

You are welcome.... more eyes is better than 1 pair...
  • #44,804
  • Nov 25, 2014 12:45am Nov 25, 2014 12:45am
Quoting sknight1
{quote} So Scorp, you think we're still good on the EJ short??? Am I understanding you correctly?
This is a huge roll-a-coaster ride sknight1. I got the answer; music must be set to "Highway To The Danger zone"...LOL!!!

The 4H is looking great... the Dubia session is just messing with us...
  • #44,805
  • Nov 25, 2014 12:55am Nov 25, 2014 12:55am
Quoting griffinssoul
{quote} Many thanks TSS - we are at the moment on the 50% retrace on the 1H, right?
At the moment, yes PA at the zone, I'd rather wait LO opens and see how PA reacts at that stage, ie following intermediate trend down, which higher time frame on H4 is showing at the moment
I Have Learned to Take Some Losses to Make Profits
  • #44,806
  • Nov 25, 2014 12:58am Nov 25, 2014 12:58am
Quoting TheScorpS
{quote} At the moment, yes PA at the zone, I'd rather wait LO opens and see how PA reacts at that stage, ie following intermediate trend down, which higher time frame on H4 is showing at the moment

Thanks Scorp (and Grif). I was basing my entry off the 4H structure, and that of the TDI.
  • #44,807
  • Nov 25, 2014 12:59am Nov 25, 2014 12:59am
Quoting sknight1
{quote} So Scorp, you think we're still good on the EJ short??? Am I understanding you correctly?
I think so yes, trading based on ABCD formation required deep understanding of swings, which is valid, ie what Fibonacci retracement you can count on and follow, you see PA hits 61.8 and rotate at that stage, now PA on short term trend hits another fibs retracement ie 50% and shows weakens, but rather H4 is still bearish , so here you can as ur self which one to follow, the intermediate bearish trend on the short term long trend, I'd rather again wait LO, and if LO or last FO H1 bar prints a valid TMS setup for short, I'd take it

Please follow ur own analysis, its what you think and see is valid based on TMS , and according to your trading plane you will trade accordingly , good luck everyone
I Have Learned to Take Some Losses to Make Profits
  • #44,808
  • Nov 25, 2014 1:03am Nov 25, 2014 1:03am
Quoting TheScorpS
{quote} I think so yes, trading based on ABCD formation required deep understanding of swings, which is valid, ie what Fibonacci retracement you can count on and follow, you see PA hits 61.8 and rotate at that stage, now PA on short term trend hits another fibs retracement ie 50% and shows weakens, but rather H4 is still bearish , so here you can as ur self which one to follow, the intermediate bearish trend on the short term long trend, I'd rather again wait LO, and if LO or last FO H1 bar prints a valid TMS setup for short, I'd take it Please...
Great analysis TSS - no problem, I got on the 1H and I'm running out of candles unless I switch to the 4H, not much of a choice now... Well said - always follow your own analysis in the end [but its nice to chat with fellow traders... ]

EEDT: just jumped down... bounce 1H...??? +45pips
  • #44,809
  • Nov 25, 2014 1:08am Nov 25, 2014 1:08am
Quoting griffinssoul
{quote} Great analysis TSS - no problem, I got on the 1H and I'm running out of candles unless I switch to the 4H, not much of a choice now... Well said - always follow your own analysis in the end [but its nice to chat with fellow traders... ] EEDT: just jumped down... bounce 1H...??? +45pips
I'm right with ya Grif.... +43 currently
  • #44,810
  • Nov 25, 2014 1:23am Nov 25, 2014 1:23am
Quoting sknight1
{quote} I'm right with ya Grif.... +43 currently

...price bounced off the 61.8 where my TP was but no dice... I'm +60pips (total)...
  • #44,811
  • Nov 25, 2014 1:25am Nov 25, 2014 1:25am
Quoting griffinssoul
{quote} ...price bounced off the 61.8 where my TP was but no dice... I'm +60pips (total)...
I'm still looking for target 1 of 145.80 & target 2 of 144.15-ish
  • #44,812
  • Nov 25, 2014 1:27am Nov 25, 2014 1:27am
Quoting mkfx
{quote} Manoj Once again excellent trade and Exit. MKFX
Thanks Mkfx.
  • #44,813
  • Nov 25, 2014 1:28am Nov 25, 2014 1:28am
Quoting sknight1
{quote} I'm still looking for target 1 of 145.80 & target 2 of 144.15-ish

Roger that sknight1 - I've locked EJ+25 & GU+15 (+40 pips worst caes for a good days work )... looking for +50/+30 TP as we hit LO
  • #44,814
  • Nov 25, 2014 1:37am Nov 25, 2014 1:37am
Quoting TheScorpS
{quote} Hi Greenb, Rotation in price is when PA hit a major support or resistance, that convergence with Fibonacci restracement or extension, and forms weakness, ie reversal zones, but that is a lot deeper scope than this thread, we trade based on that at Mr.Pip thread, even tho I don't post much there, but its where I learnt about all these cool stuff and tips , ie the ABCD formation Lets see EJ as an example , on Friday there was the bearish momentum downword, on Monday PA hits major support and rotate upward, thats first rotation, now the expectation...
hi i am looking for fibonacci support and resistance indicator but i cant find it please help me if possible ........
  • #44,815
  • Nov 25, 2014 1:54am Nov 25, 2014 1:54am
Quoting lastingwell
Ok, checked in this morning to find 126 posts to read!! Fantastic trading everyone, brightened my morning to read all the posts, I should be back to trading (and posting) normally by tomorrow so it will be nice to get in amongst it again
Finally, some good news

Quoting sknight1
{quote} Nope I took the +77 for $200 and called it "good".
Great Well done once again
  • #44,816
  • Nov 25, 2014 1:54am Nov 25, 2014 1:54am
Quoting TheScorpS
{quote} I think so yes, trading based on ABCD formation required deep understanding of swings, which is valid, ie what Fibonacci retracement you can count on and follow, you see PA hits 61.8 and rotate at that stage, now PA on short term trend hits another fibs retracement ie 50% and shows weakens, but rather H4 is still bearish , so here you can as ur self which one to follow, the intermediate bearish trend on the short term long trend, I'd rather again wait LO, and if LO or last FO H1 bar prints a valid TMS setup for short, I'd take it Please...
Thanks TheScorpS for the explanation earlier. i noticed that you mention on thi spost that you rather wait for LO or FO to give a valid setup to get in EJ.
how do you go about in doing that? do you wait for LO to finish the 1h bar or do you just wait and see if the price move through a certain barrier before you get in on the trade?
Daniel
  • #44,817
  • Nov 25, 2014 1:57am Nov 25, 2014 1:57am
Quoting snarlyjack
{quote} Lorbax, I would say your dialed in! Congrat's on what you wrote... sj
thanks master
have a nice day over there!
Lorenzo
  • #44,818
  • Nov 25, 2014 2:00am Nov 25, 2014 2:00am
Quoting Greenb
{quote} Thanks TheScorpS for the explanation earlier. i noticed that you mention on thi spost that you rather wait for LO or FO to give a valid setup to get in EJ. how do you go about in doing that? do you wait for LO to finish the 1h bar or do you just wait and see if the price move through a certain barrier before you get in on the trade?
That's like asking , ...how much should I risk on a trade..."

I'm sorry, I'm just kidding. Had to throw it back at you just once.
  • #44,819
  • Nov 25, 2014 2:03am Nov 25, 2014 2:03am
Quoting sknight1
{quote} That's like asking , ...how much should I risk on a trade..." I'm sorry, I'm just kidding. Had to throw it back at you just once.
the only difference will be, i'm not in that trade nor am i thinking of getting in that EJ until much later (2h after LO). i dont really trade on 1h tf, so you miss ;p

EDIT: okay i lied...i do get in on 1h TF on GU
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Daniel
  • #44,820
  • Nov 25, 2014 2:05am Nov 25, 2014 2:05am
Quoting Greenb
{quote} the only difference will be, i'm not in that trade nor am i thinking of getting in that EJ until much later (2h after LO). i dont really trade on 1h tf, so you miss ;p
I trade off the 4h and use the 1H for entry.
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