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  • #46,321
  • Dec 11, 2014 12:19am Dec 11, 2014 12:19am
hi

Eur/Aud also had supply zone right above the confirmed candle.
The confirmed candle was a bit small also.
  • #46,322
  • Dec 11, 2014 12:33am Dec 11, 2014 12:33am
Eur/Cad looks good for short on 4hr time frame but the problem is that we have CAD news later on in the US session so better stay out...what do u guys think??

Regards

Dennis
  • #46,323
  • Dec 11, 2014 12:37am Dec 11, 2014 12:37am
Quoting dennis4u15
Eur/Cad looks good for short on 4hr time frame but the problem is that we have CAD news later on in the US session so better stay out...what do u guys think?? Regards Dennis
We have EURO LTRO tonight at 3;30, I'm sitting that one out even though the techs look good to me....I took a short on GBP/CAD though but I'll close it before Canada news
  • #46,324
  • Dec 11, 2014 12:46am Dec 11, 2014 12:46am
Quoting dennis4u15
Eur/Cad looks good for short on 4hr time frame but the problem is that we have CAD news later on in the US session so better stay out...what do u guys think?? Regards Dennis
hi Dennis, thanks for your inputs about EA. yes it s choppy right now...

I am not convinced for ECAD short opportunity even I am a scalper since price is touching support on H1 (guppy) so no room to stretch... wait for a retrace and a long set up if it comes and expect it to reach 200ma on Daily. BTW, ATR too small and daily chart look like it s in the nest.
Attached Image (click to enlarge)
Click to Enlarge Name: ECAD views Thu 11.12.14.png Size: 97 KB
Appreciation is the key to wealth and happiness
  • #46,325
  • Dec 11, 2014 12:49am Dec 11, 2014 12:49am
Quoting likica
{quote} Thanks for your input GS. You can put your hands down... on the mouse hihihi...when saying it s a test, people would start to think of it in a complicated manner. me? I m very human too and sometimes too engineering BTW, Here are my basic rules when looking at a signal: - is it facing S/R? - is confirmed candle too little? - is it going to retrace because confirmed candle has wicks both side? - is current and HTF at overbought/oversold areas? - how PA? (ranging, HL HH,..)? Let's see if others might have different views so we can learn......
sounds cool...
  • #46,326
  • Dec 11, 2014 12:54am Dec 11, 2014 12:54am
Quoting likica
{quote} hi Dennis, thanks for your inputs about EA. yes it s choppy right now... I am not convinced for ECAD short opportunity even I am a scalper since price is touching support on H1 (guppy) so no room to stretch... wait for a retrace and a long set up if it comes and expect it to reach 200ma on Daily. BTW, ATR too small and daily chart look like it s in the nest. {image}
...LO should shake things up and then you'll see whats going down (or up?)...
  • #46,327
  • Dec 11, 2014 1:06am Dec 11, 2014 1:06am
Hi Likica,

Do u look at daily TDI angles or the which way it is pointing to trade the 1hr or 4hr time frame...I mean if the daily is pointing up while the tdi on 1hr has a good short signal do u still take the trade.


Regards
Dennis
  • #46,328
  • Dec 11, 2014 1:26am Dec 11, 2014 1:26am
Quoting Ballistical
{quote} Grant, Thats great! Good job! Those Phx62 posts are better than any video/ webinar or course I've ever tried. I'm afraid I didn't fair so well today. Let my recent run of good results get the better of me and entered early before I had a proper TMS signal. Paid the price with -44 Disappointed in myself for straying from the rules but then I guess its only demo and its all about learning from these mistakes now while its free... The long wicks before FO and LO indicated to me that the trend was reversing around the important...
Ballistical,

I did exactly that.
I was wondering if i was the only one that traded that bad signal yesterday ... tried to avenge my lost pips, and took 2 more small losses. That makes the week just barely profitable.

I blame it on being "smarter" than the market - there was no clear TMS signal there.
  • #46,329
  • Dec 11, 2014 1:40am Dec 11, 2014 1:40am
Quoting dennis4u15
Hi Likica, Do u look at daily TDI angles or the which way it is pointing to trade the 1hr or 4hr time frame...I mean if the daily is pointing up while the tdi on 1hr has a good short signal do u still take the trade. Regards Dennis
As long as H1 has space to move and has pin bar at resistant, I am happy to take a short (counter trend trade) with PT at support (recent low, guppy, 200ma, etc.), I only care about next HTF (H4 TDI) when taking H1/M30 signals.
Appreciation is the key to wealth and happiness
  • #46,330
  • Dec 11, 2014 2:07am Dec 11, 2014 2:07am
Quoting Ballistical
{quote} Grant, Thats great! Good job! Those Phx62 posts are better than any video/ webinar or course I've ever tried. I'm afraid I didn't fair so well today. Let my recent run of good results get the better of me and entered early before I had a proper TMS signal. Paid the price with -44 Disappointed in myself for straying from the rules but then I guess its only demo and its all about learning from these mistakes now while its free... The long wicks before FO and LO indicated to me that the trend was reversing around the important...
Yes i saw the near cross that turned into a bounce green off red and wished i taken the short on the bounce but decided it was to close to the days before low. Was itching to pull the trigger but waited it out and thought i was not going to trade yesterday but the time eventually came to me.

need to practice patience as i think this could be the thing that costs me being to eager

Thanks for the analysis
  • #46,331
  • Dec 11, 2014 2:10am Dec 11, 2014 2:10am
so happy to welcome LO. i m in this EA long
Attached Image (click to enlarge)
Click to Enlarge Name: EA M30 Buy Thu 11.12.14 LO.png Size: 47 KB
Appreciation is the key to wealth and happiness
  • #46,332
  • Dec 11, 2014 2:23am Dec 11, 2014 2:23am
Quoting likica
so happy to welcome LO. i m in this EA long {image}
...its looking good but I still dont like it... spider senses tingling... I think I'll hang on the ceiling for a while... LOL!

Yep, bitten by a Daddy-longlegs... a radio-active one...
  • #46,333
  • Dec 11, 2014 2:25am Dec 11, 2014 2:25am
Quoting griffinssoul
{quote} ...its looking good but I still dont like it... spider senses tingling... I think I'll hang on the ceiling for a while... LOL!
*snort* "spider senses"....???
  • #46,334
  • Dec 11, 2014 2:31am Dec 11, 2014 2:31am
likica

Hope your trade makes some green.

See you use Cave Manager -I have read instructions to CM. Do you use original settings? If not what do you use?

Thank you
  • #46,335
  • Dec 11, 2014 2:34am Dec 11, 2014 2:34am
Quoting MrAussieFX
{quote} Hi Wnabo, Appreciate your time. No, actually I don't trade weekly on regular basis. I'm learning to trade on the daily candles as I have regular work which restricts me from trading in the FO, LO and NY (2 hours). In that particular trade I saw the TDI and PA in my favour and took the trade. However, The higher TF you use in your trading the 1. Less trades you will get 2. More patient you will get 3. More wide your SL is 4. More reward you will receive 5. Less interact with your trade (PC or laptop and minimal urge to change your SL while...
Noted Thanks
  • #46,336
  • Dec 11, 2014 3:03am Dec 11, 2014 3:03am
I'm in a this trade should I bail? Lower low meant still a down trend should have left when it was in profit. But what else should I have seen ? Anyone?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_vDaily.png Size: 36 KB
  • #46,337
  • Dec 11, 2014 3:14am Dec 11, 2014 3:14am
Quoting wnabo
I'm in a this trade should I bail? Lower low meant still a down trend should have left when it was in profit. But what else should I have seen ? Anyone? {image}
This is my daily on GU, you have bullish divergence which was good for a buy, you also though have resistance which it hit, I would have taken half off and then let the rest ride, after moving to BE, you have no idea if it will go through or get kicked back.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 28 KB
  • #46,338
  • Dec 11, 2014 3:26am Dec 11, 2014 3:26am
Quoting griffinssoul
{quote} ...its looking good but I still dont like it... spider senses tingling... I think I'll hang on the ceiling for a while... LOL! Yep, bitten by a Daddy-longlegs... a radio-active one...
I m not spider's friend so I got away from my PC, just cam back and got 54 green from EA and 69 green from GA from those 2 trades I post. I had to cook dinner and let market cooked my trades . Thanks God who he saved me
Appreciation is the key to wealth and happiness
  • #46,339
  • Dec 11, 2014 3:31am Dec 11, 2014 3:31am
Quoting likica
{quote} I m not spider's friend so I got away from my PC, just cam back and got 54 green from EA. Thanks God who he saved me
good trade likica, i'm also in the same trade, but i got in on the hourly instead of 30m tf. also got in on GU short on 1h tf also.
lets see how much green pips we can catch hey

Greenb

EDIT: look at that GA goes
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 80 KB
Click to Enlarge Name: GBPUSDH1.png Size: 80 KB
Daniel
  • #46,340
  • Dec 11, 2014 3:32am Dec 11, 2014 3:32am
Quoting likica
{quote} I m not spider's friend so I got away from my PC, just cam back and got 54 green from EA and 69 green from GA from those 2 trades I post. Thanks God who he saved me
LOL!... it must have been the Green Lantern...... congrats
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