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  • #45,701
  • Dec 4, 2014 1:25am Dec 4, 2014 1:25am
Trying out the daily because of time constraints at the moment, chose the slowest moving pair in the world Hoping this doesn't turn into an inverted head and shoulders pattern as there is support on H4 but stop is at BE just in case.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZDUSDDaily(2).png Size: 49 KB
  • #45,702
  • Dec 4, 2014 1:50am Dec 4, 2014 1:50am
Quoting lastingwell
Trying out the daily because of time constraints at the moment, chose the slowest moving pair in the world Hoping this doesn't turn into an inverted head and shoulders pattern as there is support on H4 but stop is at BE just in case. {image} {image}
Any particular reason why you took a slow moving pair to trade Daily?

regards,
AB
  • #45,703
  • Dec 4, 2014 1:51am Dec 4, 2014 1:51am
Quoting omonisha
{quote} Hi s854110 1. Price may stay at overbought or oversold area for longer period of time. It is price action that tells if the price is reversing. 2. HH HL LL LH is price action trend. You can find many pdf inside the paperclip of this thread at the top right about price action. 3. Back Test is a way to practice one strategy offline like real market. read this post Post 43,676 If you goggle price action strategy you will find many free site that can help you...
Price may stay at overbought or oversold area for longer period of time

Absolutely right (and then some) omonisha - so this means just cause the TDI (or any osc) hits 32/68 it does not mean change of trend!
  • #45,704
  • Dec 4, 2014 1:51am Dec 4, 2014 1:51am
Quoting ababias
{quote} Any particular reason why you took a slow moving pair to trade Daily? regards, AB
It wasn't deliberate, I just took the signal that I saw and it turned out to be very slow
  • #45,705
  • Dec 4, 2014 2:07am Dec 4, 2014 2:07am
Yesterday was break-out day, right?, after a tight start to the week [Market had me crawling to the finish line, so-be-it]. GA +81pips : punching all lights green 1H/4H/1D (did anyone say over-brought... LOL!). But my GN hit BE after it got to around 80 +pips but didnt get filled? (I need an auto manager thingy) TP was a bit higher - never mind. I think BE after around 1:1 then 1:1 after that with trailing stop - that is a good plan [Trading in light mode.]
Attached Image (click to enlarge)
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  • #45,706
  • Dec 4, 2014 2:34am Dec 4, 2014 2:34am
Quoting griffinssoul
{quote} Price may stay at overbought or oversold area for longer period of time Absolutely right (and then some) omonisha - so this means just cause the TDI (or any osc) hits 32/68 it does not mean change of trend!
Actually i was pointing about the primary trend that we get from the HTF. Small retracement or pullback on that trend cause price moving from 32 to 68 on LTF.
We can see the USDJPY GBPJPY both are oversold on D1 W1 for over a month. But if we look at LTF price moving from 32 to 68 on retracement or pullback.
Sad i'm not trying to understand PA
  • #45,707
  • Dec 4, 2014 2:55am Dec 4, 2014 2:55am
Quoting lastingwell
{quote}It wasn't deliberate, I just took the signal that I saw and it turned out to be very slow
Thanks.

Actually, I was in that trade from 19Nov on D1. Took the trade when TDI made the cross and out of the trade now with 90 pips (Demo Trade). Pair is very slow and I was checking the TDI on D1. Do you take counter trend trades with MTF especially on D1 & H4?

Regards,
AB
  • #45,708
  • Dec 4, 2014 3:43am Dec 4, 2014 3:43am
Quoting snarlyjack
{quote} Good morning everyone, Likica, That was a beautiful trade! I really like your set-up, you could do that all day long... Congrat's sj
Thanks for your guidance and support SJ .
Appreciation is the key to wealth and happiness
  • #45,709
  • Dec 4, 2014 3:49am Dec 4, 2014 3:49am
Quoting omonisha
{quote} Actually i was pointing about the primary trend that we get from the HTF. Small retracement or pullback on that trend cause price moving from 32 to 68 on LTF. We can see the USDJPY GBPJPY both are oversold on D1 W1 for over a month. But if we look at LTF price moving from 32 to 68 on retracement or pullback.
Thanks omonisha - I guess I'm an EWT trader (structure-wise) so I believe in the fractal property of the Market per TF (apart from noise)... but I'm understanding what your saying
  • #45,710
  • Dec 4, 2014 3:59am Dec 4, 2014 3:59am
Quoting griffinssoul
Yesterday was break-out day, right?, after a tight start to the week [Market had me crawling to the finish line, so-be-it]. GA +81pips : punching all lights green 1H/4H/1D (did anyone say over-brought... LOL!). But my GN hit BE after it got to around 80 +pips but didnt get filled? (I need an auto manager thingy) TP was a bit higher - never mind. I think BE after around 1:1 then 1:1 after that with trailing stop - that is a good plan [Trading in light mode.] {image}
well managed GS
Appreciation is the key to wealth and happiness
  • #45,711
  • Dec 4, 2014 4:01am Dec 4, 2014 4:01am
Quoting griffinssoul
Yesterday was break-out day, right?, after a tight start to the week [Market had me crawling to the finish line, so-be-it]. GA +81pips : punching all lights green 1H/4H/1D (did anyone say over-brought... LOL!). But my GN hit BE after it got to around 80 +pips but didnt get filled? (I need an auto manager thingy) TP was a bit higher - never mind. I think BE after around 1:1 then 1:1 after that with trailing stop - that is a good plan [Trading in light mode.] {image}
not sure if anyone asking you about your box at right bottom of your chart, is it from paperclip GS?
Appreciation is the key to wealth and happiness
  • #45,712
  • Dec 4, 2014 4:04am Dec 4, 2014 4:04am
Quoting griffinssoul
Yesterday was break-out day, right?, after a tight start to the week [Market had me crawling to the finish line, so-be-it]. GA +81pips : punching all lights green 1H/4H/1D (did anyone say over-brought... LOL!). But my GN hit BE after it got to around 80 +pips but didnt get filled? (I need an auto manager thingy) TP was a bit higher - never mind. I think BE after around 1:1 then 1:1 after that with trailing stop - that is a good plan [Trading in light mode.] {image}

Hi Griff

Love your setup - how did you get this indicator - never seem to get them all lined up - is it im in the UK and around 8GMT for 12 hours?
Attached Image
  • #45,713
  • Dec 4, 2014 4:05am Dec 4, 2014 4:05am
Quoting likica
{quote} well managed GS
The thing is likica - I didnt do much managing... LOL! Just left it alone after BE... I read there was an auto manager type thing that does that for you - you know set it to BE after a number of pips etc?
  • #45,714
  • Dec 4, 2014 4:08am Dec 4, 2014 4:08am
slow moving day on the 4H, found a few set ups but not taking them because of S/R areas/ slow PA. Not over trading on any strategy is key to success. Off to do some reading.
  • #45,715
  • Dec 4, 2014 4:10am Dec 4, 2014 4:10am
Quoting twellve
{quote} Hi Griff Love your setup - how did you get this indicator - never seem to get them all lined up - is it im in the UK and around 8GMT for 12 hours? {image}
Hi twellve & likica, this is an indi I'm working on at the moment - its for the TDI indi and specific to TMS. Will pass on to thread when ready --- bugs (need fly-spray... LOL!)
  • #45,716
  • Dec 4, 2014 4:16am Dec 4, 2014 4:16am
Quoting twellve
{quote} Hi Griff Love your setup - how did you get this indicator - never seem to get them all lined up - is it im in the UK and around 8GMT for 12 hours? {image}
...just focus on 1H/4H *or* 4H/D1 combo's mate... otherwise you could be waiting a long time...
  • #45,717
  • Dec 4, 2014 4:21am Dec 4, 2014 4:21am
Quoting griffinssoul
{quote} ...just focus on 1H/4H *or* 4H/D1 combo's mate... otherwise you could be waiting a long time...

Thanks will do - does the alignment normally happen when a particular market opens?
  • #45,718
  • Dec 4, 2014 4:28am Dec 4, 2014 4:28am
Quoting twellve
{quote} Thanks will do - does the alignment normally happen when a particular market opens?
I'd say it depends on PA - what you are really asking is when does a trade signal occur [or at least a possible trade]... the answer is any time depending on PA. But, I really like the move into LO cause you got the USO for momentum... the Asian session is choppy and you could get sea-sick... ... LOL!
  • #45,719
  • Dec 4, 2014 4:37am Dec 4, 2014 4:37am
Quoting griffinssoul
{quote} I'd say it depends on PA - what you are really asking is when does a trade signal occur [or at least a possible trade]... the answer is any time depending on PA. But, I really like the move into LO cause you got the USO for momentum... the Asian session is choppy and you could get sea-sick... ... LOL!
agree with both hands. I got sea-sick a few times, keep promising myself not get on the boat again. maybe I need a housekeeper keeping my office's key until FO.
this EA long looked pretty, don't you think?
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 Buy Thu 4.12.14 @2P AEDT +40 (reached 1st ATR).png Size: 41 KB
Appreciation is the key to wealth and happiness
  • #45,720
  • Dec 4, 2014 4:54am Dec 4, 2014 4:54am
Quoting likica
{quote} agree with both hands. I got sea-sick a few times, keep promising myself not get on the boat again. maybe I need a housekeeper keeping my office's key until FO. this EA long looked pretty, don't you think? {image}
...that is looking great likica... A gear up to 4H/D1 option after a strong move on the 1H/4H... you're looking at a possible (but strange looking) H&S on the W1 with plenty of shoulder room ... LOL!
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