Emmanuel,
Which PAC are you using on H1? Simple MA 5 High/Low?
I am using it in H4 with same settings
Which PAC are you using on H1? Simple MA 5 High/Low?
I am using it in H4 with same settings
- #56,002
- Apr 17, 2015 6:39am Apr 17, 2015 6:39am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #56,004
- Apr 17, 2015 6:59am Apr 17, 2015 6:59am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
- #56,007
- Apr 17, 2015 8:36am Apr 17, 2015 8:36am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #56,009
- Apr 17, 2015 8:48am Apr 17, 2015 8:48am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Sad i'm not trying to understand PA
- #56,010
- Apr 17, 2015 9:01am Apr 17, 2015 9:01am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote} Hi, Here is my trade update. Protected both positions and I have 1st pos in profit and 2nd pos at BE, so this 2nd pos is a free trade. Today I shall be looking at adding a 3rd pos using lower TF H1 and M15 for setups. Shallow intraday retracement is something I look for today. Watchout for the D reaction at the 50EMA, can be nasty one with the high of the 2nd MC. Target still set at 1.5000 but will review a change to higher level 1.5170 which is the high of the 1st MC to the left, that's a resistance level. Need to see support for more entries...
G20 meeting so i will rollover positions over the weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #56,011
- Apr 17, 2015 10:08am Apr 17, 2015 10:08am
Hello
Took this sell on AUDUSD:
PinBar on 0.78500
PinBar formation on Daily Chart (very clear, even if we miss NY and LO Closing)
TDI Cross on Overbought area with a nice angle
TP at EMA 200
Senior comments appreciated
Took this sell on AUDUSD:
PinBar on 0.78500
PinBar formation on Daily Chart (very clear, even if we miss NY and LO Closing)
TDI Cross on Overbought area with a nice angle
TP at EMA 200
Senior comments appreciated
- #56,012
- Apr 17, 2015 10:19am Apr 17, 2015 10:19am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
{quote} Closed 2 pos at 1.5000 and closed 3rd pos before the US news before NYO. G20 meeting so i will rollover positions over the weekend. {image}
i got some too
Sad i'm not trying to understand PA
2015 Week 16 - Trade Summary:
3 trades in total:
- 1 win
- 1 BE
- 1 Loss
Three trades for me this week on EA H1. Once again, some nice moves on this pair. The LO candle set the Hi or Lo of the London session on 3 of the 5 days this week, with price trending away from it, on most occasions. However, some choppiness and sideways movement during London limited my profits this time round.
This is also the first week that I am trading this method on a live account, and after some issues with setting up the new platform, I'm pleased to say that the transition to trading with real money does not seem to have affected my trading decisions. That is not to say they do not still need work. They need a lot of work! I finished the week with +2% on the account.
Monday: I was not ready to trade the new live account on Monday, and to be honest that was probably a good thing. The LO candle matched the Asian high and drew back. An aggressive entry could have been made on LO+2 upon a break below the previous 4 candles. However, even this move wouldn't have caught 50 pips. A TMS entry would have been even worse off. NY didn't have to much to offer either. TMS entry on a break above the first blue candle wouldn't have made 50 pips with spread.
Tuesday: I posted this trade earlier in the week. Standard TMS entry on the LO candle. As is quite common on this pair, price retraced before NYO and then went on to continue the move. In this case, a 100 pip target would have been the perfect trade with the double top at the 200EMA giving a strong exit signal following the US news. (+50, +4%)
Wednesday: I opened my charts just before LO to see price facing very strong resistance. Tuesday's hi combined with the 200EMA gave an early indication that price was most likely going to be trending down for the day. Once the LO candle closed red and LO+1 broke beneath it, I took a standard TMS entry short. Price moved well, and I moved my SL to BE once it was around +30. On the fourth London candle price actually touched my TP but the spread was enough to keep me from a win. Following this, price stalled as we entered NY and then a large spike hit my SL only for price to continue on past my TP point. A double bottom after the London session indicated that the move had come to an end.
Thursday: Often the best day of the week to trade this pair, and this week was no different. Being based in the UK, the AUD news releases were at 2:30am my time and I needed the sleep so didn't stay up for these. The news created a huge 120 pip drop in a matter of minutes. Price then stalled for five hours up until London. The huge move put me off trading London but in hindsight price had not made any real movement for the past five candles so was probably ready to go again by LO. A continuation trade, taken on a break below the Asian low, would have been good for 50 pips (as taken by TSS and Vladbold). Price turned early on in the session and actually trended up for the rest of the day giving two good moves for the session.
Friday: A pretty horrible day for trading this method. I took entry long on LO+1 on the break above the LO candle (also the third leg of a PCRF). This was an aggressive entry since it was the first blue candle and the TDI green was pointing up but had not actually crossed the red line. Price almost hit my SL straight away before reversing and heading up again. Price formed a double top matching the Asian High and drew back. I was actually driving home at this point and might have been tempted to get out at BE if I'd seen this pattern occur at the time. The large drawback retested the LO price, hitting my SL in the process. Price continued mostly sideways until NYO. Once NY took off, price headed up again taking out my TP.
(-25, -2%)
A positive result for the week but I can't help feeling a little unlucky with the two trades that didn't work out. I guess there's always next week.
Have a good weekend all!
Ballistical
3 trades in total:
- 1 win
- 1 BE
- 1 Loss
Three trades for me this week on EA H1. Once again, some nice moves on this pair. The LO candle set the Hi or Lo of the London session on 3 of the 5 days this week, with price trending away from it, on most occasions. However, some choppiness and sideways movement during London limited my profits this time round.
This is also the first week that I am trading this method on a live account, and after some issues with setting up the new platform, I'm pleased to say that the transition to trading with real money does not seem to have affected my trading decisions. That is not to say they do not still need work. They need a lot of work! I finished the week with +2% on the account.
Monday: I was not ready to trade the new live account on Monday, and to be honest that was probably a good thing. The LO candle matched the Asian high and drew back. An aggressive entry could have been made on LO+2 upon a break below the previous 4 candles. However, even this move wouldn't have caught 50 pips. A TMS entry would have been even worse off. NY didn't have to much to offer either. TMS entry on a break above the first blue candle wouldn't have made 50 pips with spread.
Tuesday: I posted this trade earlier in the week. Standard TMS entry on the LO candle. As is quite common on this pair, price retraced before NYO and then went on to continue the move. In this case, a 100 pip target would have been the perfect trade with the double top at the 200EMA giving a strong exit signal following the US news. (+50, +4%)
Wednesday: I opened my charts just before LO to see price facing very strong resistance. Tuesday's hi combined with the 200EMA gave an early indication that price was most likely going to be trending down for the day. Once the LO candle closed red and LO+1 broke beneath it, I took a standard TMS entry short. Price moved well, and I moved my SL to BE once it was around +30. On the fourth London candle price actually touched my TP but the spread was enough to keep me from a win. Following this, price stalled as we entered NY and then a large spike hit my SL only for price to continue on past my TP point. A double bottom after the London session indicated that the move had come to an end.
Thursday: Often the best day of the week to trade this pair, and this week was no different. Being based in the UK, the AUD news releases were at 2:30am my time and I needed the sleep so didn't stay up for these. The news created a huge 120 pip drop in a matter of minutes. Price then stalled for five hours up until London. The huge move put me off trading London but in hindsight price had not made any real movement for the past five candles so was probably ready to go again by LO. A continuation trade, taken on a break below the Asian low, would have been good for 50 pips (as taken by TSS and Vladbold). Price turned early on in the session and actually trended up for the rest of the day giving two good moves for the session.
Friday: A pretty horrible day for trading this method. I took entry long on LO+1 on the break above the LO candle (also the third leg of a PCRF). This was an aggressive entry since it was the first blue candle and the TDI green was pointing up but had not actually crossed the red line. Price almost hit my SL straight away before reversing and heading up again. Price formed a double top matching the Asian High and drew back. I was actually driving home at this point and might have been tempted to get out at BE if I'd seen this pattern occur at the time. The large drawback retested the LO price, hitting my SL in the process. Price continued mostly sideways until NYO. Once NY took off, price headed up again taking out my TP.
(-25, -2%)A positive result for the week but I can't help feeling a little unlucky with the two trades that didn't work out. I guess there's always next week.
Have a good weekend all!
Ballistical
Focus on the process and the profits will follow
- #56,016
- Apr 17, 2015 12:40pm Apr 17, 2015 12:40pm
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #56,017
- Apr 17, 2015 12:45pm Apr 17, 2015 12:45pm
- Joined Dec 2013 | Status: Trader | 1,680 Posts
Another 50 on the bearish side {image}
. Now let's see it can make a D1 pin bar or not. Very important area
Sad i'm not trying to understand PA
- #56,018
- Apr 17, 2015 1:01pm Apr 17, 2015 1:01pm
- Joined Nov 2012 | Status: Trader | 2,339 Posts
{quote} Excellent trading TS
I Have Learned to Take Some Losses to Make Profits
- #56,019
- Apr 17, 2015 9:32pm Apr 17, 2015 9:32pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #56,020
- Apr 17, 2015 10:45pm Apr 17, 2015 10:45pm
Haven't done a trade since 2 weeks ago because of depression -_- didn't want that affecting my trades.
So I don't have any trades to show again, but I'm feeling much better and I hope to get back into it with some good trades this coming week
Good pips to everyone~
So I don't have any trades to show again, but I'm feeling much better and I hope to get back into it with some good trades this coming week
Good pips to everyone~