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  • #49,021
  • Jan 8, 2015 1:03am Jan 8, 2015 1:03am
USDJPY week 02 8 Jan

If you are a Position Trader and look for entry, tomorrow can be a possible trade opportunity using D chart.
But the risk is the momentum seen using D chart TDI is still to the downside.

D chart candle will most likely closed bullish across that 119.81 level. Wait till NY close today.

H4 traders missed the 3-bar bullish setup earlier after the resistance region was broken.

H1 traders missed the break of prev Day high opportunity, so now must wait for a pull back.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY week 02 8 Jan view.png Size: 109 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #49,022
  • Jan 8, 2015 1:06am Jan 8, 2015 1:06am
Quoting likica
{quote} PAC is 2 of 5MA that is 2 yellow lines parallel with each other along price (see chart attached). top line Parameters: Period:5, Shift: 1; MA method: Smoothed; Apply to: High, bottom line apply to Low. Attach it to your chart like you did with other indies {image}
Thank you both. Managed to do it
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,023
  • Jan 8, 2015 1:06am Jan 8, 2015 1:06am
Quoting redcloudxlll
{quote} You beat me to it. I was just about to respond haha.
Good to have you around to help .I tried to get tech things done ready for trading.
It would be better if we only concentrate on trading around FO/LO time

Neg news out...oil follows EU diving down...
Appreciation is the key to wealth and happiness
  • #49,024
  • Jan 8, 2015 1:13am Jan 8, 2015 1:13am
Quoting likica
{quote} Good to have you around to help .I tried to get tech things done ready for trading. It would be better if we only concentrate on trading around FO/LO time Neg news out...oil follows EU diving down...

there is only one safe direction to trade Euro....... sell, sell, sell.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #49,025
  • Jan 8, 2015 1:15am Jan 8, 2015 1:15am
Quoting likica
{quote} Good to have you around to help .I tried to get tech things done ready for trading. It would be better if we only concentrate on trading around FO/LO time Neg news out...oil follows EU diving down...
Oil has to have your name attached to it!! you have gotten so many pips. Keep it up!!
Positive anything is better than negative thinking.- Elbert Hubbard
  • #49,026
  • Jan 8, 2015 1:16am Jan 8, 2015 1:16am
Quoting emmanuel7788
{quote} there is only one safe direction to trade Euro....... sell, sell, sell.
Definitely we can see euro most likely in the upcoming weeks to fall below 1.14 that's just my lucky guess. Greece election coming will keep on affecting the EUR.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #49,027
  • Jan 8, 2015 1:21am Jan 8, 2015 1:21am
Quoting emmanuel7788
USDJPY week 02 8 Jan If you are a Position Trader and look for entry, tomorrow can be a possible trade opportunity using D chart. But the risk is the momentum seen using D chart TDI is still to the downside. D chart candle will most likely closed bullish across that 119.81 level. Wait till NY close today. H4 traders missed the 3-bar bullish setup earlier after the resistance region was broken. H1 traders missed the break of prev Day high opportunity, so now must wait for a pull back. {image}
good analysis..thank you for share..

buy UJ at the middle Asian Session and got 24 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: scalp_2.png Size: 32 KB
only 100 pips / week
  • #49,028
  • Jan 8, 2015 1:28am Jan 8, 2015 1:28am
Quoting redcloudxlll
{quote} Oil has to have your name attached to it!! you have gotten so many pips. Keep it up!!
hehehe... thanks for your kind words Red. Do you trade oil too? quite expensive but has good moves
Appreciation is the key to wealth and happiness
  • #49,029
  • Jan 8, 2015 1:31am Jan 8, 2015 1:31am
Quoting likica
{quote} hehehe... thanks for your kind words Red. Do you trade oil too? quite expensive but has good moves
No I wish. My broker does not supported here in the states. I would have to find another broker if I do decide.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #49,030
  • Jan 8, 2015 1:34am Jan 8, 2015 1:34am
Quoting redcloudxlll
{quote} No I wish. My broker does not supported here in the states. I would have to find another broker if I do decide.
ah ha... SJ once mentioned about that, I m curious about that reason we outside States can and you guys can not. I think you can if using Ninja Trader for Futures trading.
Appreciation is the key to wealth and happiness
  • #49,031
  • Jan 8, 2015 1:35am Jan 8, 2015 1:35am
short NZD/usd,1st target7752@the 200MA and then watch PA for exit, this baby has been ranging pretty nice between 78 and 76, it hasn't closed out of the PAC yet, but nice TDI cross happening on the 1 hr and a really nice one on the 30 min
Attached Image (click to enlarge)
Click to Enlarge Name: nz.jpg Size: 209 KB
  • #49,032
  • Jan 8, 2015 1:37am Jan 8, 2015 1:37am
stopped out +35 on my gbp/usd short from earlier, hoping for a bigger retrace up around 1.5110-20 ish for reentry, not sure if I'll get it though
  • #49,033
  • Jan 8, 2015 1:38am Jan 8, 2015 1:38am
a long set up on M30 EA, but it s still very bearish where TDI <32
Appreciation is the key to wealth and happiness
  • #49,034
  • Jan 8, 2015 1:44am Jan 8, 2015 1:44am
Quoting wyley187
stopped out +35 on my gbp/usd short from earlier, hoping for a bigger retrace up around 1.5110-20 ish for reentry, not sure if I'll get it though
Nice stopped out. I m still in it as TDI still good
Appreciation is the key to wealth and happiness
  • #49,035
  • Jan 8, 2015 1:44am Jan 8, 2015 1:44am
Quoting likica
a long set up on M30 EA, but it s still very bearish where TDI <32
I"m just not good at CT trading, so I'm waiting on that one for a retrace and a possible short later tonight
  • #49,036
  • Jan 8, 2015 1:48am Jan 8, 2015 1:48am
Quoting likica
a long set up on M30 EA, but it s still very bearish where TDI <32
I'm watching the same area on H1. If I take entry at LO I'll be monitoring it very closely.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB
Focus on the process and the profits will follow
  • #49,037
  • Jan 8, 2015 1:52am Jan 8, 2015 1:52am
Quoting emmanuel7788
USDJPY week 02 8 Jan If you are a Position Trader and look for entry, tomorrow can be a possible trade opportunity using D chart. But the risk is the momentum seen using D chart TDI is still to the downside. D chart candle will most likely closed bullish across that 119.81 level. Wait till NY close today. H4 traders missed the 3-bar bullish setup earlier after the resistance region was broken. H1 traders missed the break of prev Day high opportunity, so now must wait for a pull back. {image}

Interesting take. Care to share where and on what T/F you are seeing the Res @ 119.81?

I see no Resistance of note and on the Daily T/F it would be better to round it up to the Big RN @ 120.00 and look for trouble there.
  • #49,038
  • Jan 8, 2015 1:54am Jan 8, 2015 1:54am
Quoting likica
{quote} Nice stopped out. I m still in it as TDI still good
I'll take 35 but I broke my rule for moving my stop, I still think it could see 1.50 tonight, but I don't want to chase price
  • #49,039
  • Jan 8, 2015 1:57am Jan 8, 2015 1:57am
Quoting ken911
{quote} Interesting take. Care to share where and on what T/F you are seeing the Res @ 119.81? I see no Resistance of note and on the Daily T/F it would be better to round it up to the Big RN @ 120.00 and look for trouble there.
Hi Ken,

Those violet colour lines are seen on Monthly chart using the price swing.These are historical MN closed prices.
It is easier to see those swing when we switch our MN chart to Line Chart type.
These are the levels I use to see how price move around these levels.
Once down to the Daily ,H4 and h1 charts timeframes , it is pure price action using the bar patterns over the APB.

The APB is core of the TMS 5-Method and has many good uses.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #49,040
  • Jan 8, 2015 2:03am Jan 8, 2015 2:03am
Quoting emmanuel7788
{quote} Hi Ken, Those violet colour lines are seen on Monthly chart using the price swing.These are historical MN closed prices. It is easier to see those swing when we switch our MN chart to Line Chart type. These are the levels I use to see how price move around these levels. Once down to the Daily ,H4 and h1 charts timeframes , it is pure price action using the bar patterns over the APB. The APB is core of the TMS 5-Method and has many good uses. regards,

Hello emm. Many thanks for that. Gives me a new avenue to explore as a way of perhaps reducing the amount of supposedly S/R areas on the charts. I usually get my S/R zones from the Weekly chart, but will compare that with your Monthly line-chart.

Appreciate all you and others do for the thread.
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