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  • #4,501
  • Mar 18, 2015 9:14am Mar 18, 2015 9:14am
here is a good example of 1min trend against 5min

GBP pairs went down a lot since London open. GJ 5 min is clearly in a good down trend. however 1min chart start to climb above 100ma and form a good up trend. Will you guys trade this trend reverse signal?

1min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GJ-3-18-1min trend revese.PNG Size: 56 KB


5min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GJ-3-18-5min trend revese.PNG Size: 77 KB
  • #4,502
  • Mar 18, 2015 9:25am Mar 18, 2015 9:25am
Henry I reckon you were unlucky there, one of those things.

Based on your original screenshot eur had 4 of 8 weak. With euraud 1st and gbpaud 4th suggesting both eur weakness and aud strength perhaps euraud would have been the better pair to pick instead of ej that was 3rd.

Again hindsight is such a wonderful thing.
  • #4,503
  • Mar 18, 2015 9:52am Mar 18, 2015 9:52am
Quoting henryloving
here is a good example of 1min trend against 5min GBP pairs went down a lot since London open. GJ 5 min is clearly in a good down trend. however 1min chart start to climb above 100ma and form a good up trend. Will you guys trade this trend reverse signal? 1min chart {image} 5min chart {image}
If you traded this you would no longer be trading Mr Packham's method, you would be entering into a completely different ball game.

I personally would not recommend that any one trades CT until they can competently read PA!
Cut your Losers short and let your Winners run.
  • #4,504
  • Mar 18, 2015 9:52am Mar 18, 2015 9:52am
Quoting dee50
{quote} Sorry Henry, you posted after I had shut down and I did not think to check this morning. The attached should answer your question. {image}
Hi Dee.
I think I'm losing it. BRN is the acronym for......? (I must be getting old!)

Rgds
Pieter
  • #4,505
  • Mar 18, 2015 9:56am Mar 18, 2015 9:56am
Quoting henryloving
{quote} from 5min chart, it broke 128.40 and no obvious support below. it had a small pullback in 1min chart and it was a CCI signal from 1min chart. EJ was at 4th slot of TTindy and greater than 30 so I entered. {image}
I understand now. looks like you were following the rules. The only thing I would have done differently to you, using these rules, is that I would have wanted to see the pair appear in both columns of the TTindy, which is how I use it.

You have to understand that when entering based on a Moving Average, you will always be later to the table than those trading PA, you will rarely get in at the beginning but knowing this you will be trying to get a piece of the tasty bit out of the middle.
Cut your Losers short and let your Winners run.
  • #4,506
  • Mar 18, 2015 9:58am Mar 18, 2015 9:58am
Quoting Pipglutton
{quote} Hi Dee. I think I'm losing it. BRN is the acronym for......? (I must be getting old!) Rgds Pieter
Big Round Number. 1.10000 or 1.1050.
Cut your Losers short and let your Winners run.
  • #4,507
  • Mar 18, 2015 10:01am Mar 18, 2015 10:01am
Quoting dee50
{quote} Big Round Number. 1.10000 or 1.1050.
Thanx Dee.
Love your inputs.
Rgds
  • #4,508
  • Mar 18, 2015 12:43pm Mar 18, 2015 12:43pm
Just for Henry. GU CT +40 +60. But the reversal was confirmed by a 123 (ABC) Reversal Pattern on the 5 min chart.
Note that GU appears in both columns of the TTI
Attached Image (click to enlarge)
Click to Enlarge Name: GU +40 +60 180315.png Size: 44 KB
Cut your Losers short and let your Winners run.
  • #4,509
  • Mar 18, 2015 2:37pm Mar 18, 2015 2:37pm
Gentlemen
Thank you very much to :CLIVEPACKHAM , GODSCLOWN ,DEE50 ,HENRYLOVING
Vantage , and all the others ,who help us on our journey to green pips.
This is my 4 hours trading for today.
My respects
Dan
Attached Image (click to enlarge)
Click to Enlarge Name: FXCM MetaTrader 4.png Size: 288 KB
  • #4,510
  • Mar 18, 2015 7:31pm Mar 18, 2015 7:31pm
Quoting henryloving
{quote} Hi Jason, thanks for your comment. but there is always a start of trend from ranging. We are in a new market open, fresh money will kick in so there is a good chance it will be trending esp. when TTidny is greater than 30. I think this is the philosophy behind this method.
I see. Thanks for posting. Please keep posting trades as I am certainly learning from your posts and all the comments offered.

Thanks. Jason
  • #4,511
  • Mar 19, 2015 7:26am Mar 19, 2015 7:26am
Quoting dee50
Just for Henry. GU CT +40 +60. But the reversal was confirmed by a 123 (ABC) Reversal Pattern on the 5 min chart. Note that GU appears in both columns of the TTI {image}
Nice trade, great skills of reading chart. thanks for sharing.
  • #4,512
  • Mar 19, 2015 9:30am Mar 19, 2015 9:30am
Quoting dansmol
Gentlemen Thank you very much to :CLIVEPACKHAM , GODSCLOWN ,DEE50 ,HENRYLOVING Vantage , and all the others ,who help us on our journey to green pips. This is my 4 hours trading for today. My respects Dan {image}
Hi dansmol.
You've got it taped my brother. Well done!
It's time you go live!
  • #4,513
  • Mar 20, 2015 6:38am Mar 20, 2015 6:38am
I was watching GU yesterday NY session. a bit tempted but hesitated to get in this trade because I am not sure if the pullback is too deep.

would like to hear advices from Clive, Vantage, Dee50 and others
Attached Image (click to enlarge)
Click to Enlarge Name: possible-GU-3-19-NY.PNG Size: 98 KB
  • #4,514
  • Mar 20, 2015 7:08am Mar 20, 2015 7:08am
Hi Guys

Sorry I've not been around too much very busy at work which is of course good news, but occasionally I get a chance to have a quick glance and saw this perfect setup on EURJPY ...

Top of TTindy strongest/weakest in CSM and a break and retest of daily pivot according to my charts...not sure my pivots are quite right on this brokers time zone but it worked...

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 64 KB


Bit late to the table as usual as there was some great entries earlier on just after the slope change , take first two signals would of been nice..

Will let this run a bit as got to do some work..

Catch up later Henry ...
Feel the Fear and do it anyway!!!
  • #4,515
  • Mar 20, 2015 7:28am Mar 20, 2015 7:28am
Quoting henryloving
I was watching GU yesterday NY session. a bit tempted but hesitated to get in this trade because I am not sure if the pullback is too deep. would like to hear advices from Clive, Vantage, Dee50 and others {image}
Had a quick look Henry and of course its very easy to see whats going on with hindsight but it was a nice strong down trend with 100lwma sloping down so looking for an entry just after NYO is a good idea... Now the setup is tricky here because as you say its pulled back very deep and is in fact uptrending on the candlesticks HHHL so be wary and look for a good resistance level for it to turn and only take a CCI signal at a key level.

The signal that worked was on the old support level and 1.4875 , a 25 level plus the 100lwma so good bit of confluence there but just to make sure put a trendline on your pullback and wait for it to break it, close across it then take next pullback or break and retest of the trendline..

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm1.png Size: 64 KB


The other thing I do is go up to a 14 setting on the CCI as the signals are better quality....

All good stuff in hindsight of course but not so easy going forward..

To summarize , if you get a long pullback, as in this case trending up, then look for the 1 min trend(candles) to go into downtrend LHLL then take next pullback just to confirm price action is going your way..before entering. If you're ever not sure then stay out until trend in your direction is established.

You're doing well Henry keep it going...
Feel the Fear and do it anyway!!!
  • #4,516
  • Edited 8:19am Mar 20, 2015 7:35am | Edited 8:19am
got in GJ

update: survived as SL is set 26 pips away. now move SL at BE+1, got a free trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ-3-19-NY-allview.PNG Size: 172 KB
Click to Enlarge Name: GJ-3-19-NY.PNG Size: 53 KB
  • #4,517
  • Mar 20, 2015 8:09am Mar 20, 2015 8:09am
Hope you survived that little pullback I'm in with you now and at BE so lets hope it flys from here...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 53 KB
Feel the Fear and do it anyway!!!
  • #4,518
  • Mar 20, 2015 8:12am Mar 20, 2015 8:12am
becasue GJ was a free trade , jump in GU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU-3-20-NY-allview.PNG Size: 179 KB
Click to Enlarge Name: GU-3-20-NY.PNG Size: 52 KB
  • #4,519
  • Mar 20, 2015 8:15am Mar 20, 2015 8:15am
So far so good...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 53 KB


gonna let it ride for the New York session....
Feel the Fear and do it anyway!!!
  • #4,520
  • Mar 20, 2015 8:16am Mar 20, 2015 8:16am
Quoting henryloving
got in GU {image} {image}

Nice one Henry keep it going....
Feel the Fear and do it anyway!!!
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