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  • #56,821
  • May 12, 2015 8:45pm May 12, 2015 8:45pm
GBPAUD 13May H1

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week 20 13May H1 view.png Size: 70 KB


with both GBP and AUD bullish, this pair did not move much yesterday.
There is a H4 WRB and Master candle, so we do not trade any H4 setups until the PA breaks out of the High-Low.
Today we need look out for H1 or M15 setups within the H4 WRB high-low and trade within this support and resistance.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,822
  • May 12, 2015 9:47pm May 12, 2015 9:47pm
Dear Teachers,

I need advice on checking my analysis on GBP/USD.

- Monthly is bullish bias
- Weekly is on a bullish trend but it as not crossed the 200EMA
- Daily is on a bullish trend and it has crossed the 200EMA. But it is reaching the resistance of 1.5746
- H4 is in consolidation

In my next action, is it right to wait for a breakout above the 1.571 in H1 for the trend continuation?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-oanda-division7.png Size: 29 KB
  • #56,823
  • May 13, 2015 1:48am May 13, 2015 1:48am
Hi,everybody,
I am back ,because of the bussiness,leave for about 1 month ,miss you all very much.
  • #56,824
  • May 13, 2015 2:05am May 13, 2015 2:05am
entered this, good cross angle according to tms watchdog, stochastic 4hr down too, thoughts?

https://charts.mql5.com/7/816/gbpaud...g-point-of.png
  • #56,825
  • May 13, 2015 2:23am May 13, 2015 2:23am
Quoting shay14
entered this, good cross angle according to tms watchdog, stochastic 4hr down too, thoughts? {image}
I wud n't Short GBP ... this week .........
I have already given my reasons ...........
I'm ONLY a buyer ... GBP ... this week ......
Will look for opportunities n timing to go LONG ...
as far as the angles ... when RED and GREEN head in opposite direction ... it is danger signal ... as far as I'm concerned ... they shud always look and head in same direction ...
Regards
  • #56,826
  • May 13, 2015 2:23am May 13, 2015 2:23am
Quoting shay14
entered this, good cross angle according to tms watchdog, stochastic 4hr down too, thoughts? {image}
Trade safe news ahead. SL hunter will be in action soon
Sad i'm not trying to understand PA
  • #56,827
  • May 13, 2015 2:54am May 13, 2015 2:54am
Quoting shay14
entered this, good cross angle according to tms watchdog, stochastic 4hr down too, thoughts? {image}
do you guys use any indis for the slope or just go by what your eye sees
  • #56,828
  • May 13, 2015 2:57am May 13, 2015 2:57am
Quoting shay14
{quote} do you guys use any indis for the slope or just go by what your eye sees
I have aligned naked Jap candle chart next to all me APB charts as Jap candles convey a lot btr ...
I dnt use any Indi for angles ...
Regards
  • #56,829
  • May 13, 2015 3:07am May 13, 2015 3:07am
Quoting adikashyap
{quote} I have aligned naked Jap candle chart next to all me APB charts as Jap candles convey a lot btr ... I dnt use any Indi for angles ... Regards
so this is a bad angle, as green is down and red up. i need to pay more attention to them as opposed to blindly following the angle tdi indi signal
  • #56,830
  • May 13, 2015 3:14am May 13, 2015 3:14am
Quoting shay14
entered this, good cross angle according to tms watchdog, stochastic 4hr down too, thoughts? {image}
closed this position and its on it way down now
  • #56,831
  • May 13, 2015 3:19am May 13, 2015 3:19am
Quoting emmanuel7788
AUDJPY Day IB breakout trade worked out. {image} Other H1 trades closed today. {image} {image} {image}
nice trade as usual
Take What You Can , Give Nothing Back
  • #56,832
  • May 13, 2015 4:19am May 13, 2015 4:19am
Quoting shay14
{quote} closed this position and its on it way down now
Better for you in the long run ... the trade was after a spinner candle with no clear direction ... a good quote from Trading in the Zone about that:

"We do not know in advance which high probability edges are going to work and which ones aren't. We therefore stop trying to predict outcomes and attach no emotional value whatsoever to each trade we enter. We have found that by taking every qualified edge, we correspondingly increase our sample size of trades, which in turn gives whatever edge we use ample opportunity to play itself out in our favor."

Was it a good edge? ... I think not.
Make sure you know what a good edge looks like then practice "seeing" it in old charts ... and then:
Wait for the next good edge and take it ... and then the next one and take it .... and the next one and take it ....
Never give up !!!
  • #56,833
  • May 13, 2015 4:40am May 13, 2015 4:40am
After a poor start to the week, I caught a nice short today on EA H1.

TMS entry would have been on LO+1, but I took a more aggressive PA entry due to the FO pullback which was rejected by the 200EMA in line with the primary downtrend.

Two positions each risking 1% on 25 pips. Caught 150 pips for +6%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
Focus on the process and the profits will follow
  • #56,834
  • May 13, 2015 4:41am May 13, 2015 4:41am
Good trade with the EA so far ... 25pips first target and 50 pips second target, trailing the rest behind.
Good pin bar and break out of the pre-LO H1 trend.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 23 KB
Never give up !!!
  • #56,835
  • May 13, 2015 4:52am May 13, 2015 4:52am
Quoting theunis
{quote} Better for you in the long run ... the trade was after a spinner candle with no clear direction ... a good quote from Trading in the Zone about that: "We do not know in advance which high probability edges are going to work and which ones aren't. We therefore stop trying to predict outcomes and attach no emotional value whatsoever to each trade we enter. We have found that by taking every qualified edge, we correspondingly increase our sample size of trades, which in turn gives whatever edge we use ample opportunity to play itself out in...
it's not gone down over 100 pips lol, oh well on to the next one as you said it
  • #56,836
  • May 13, 2015 4:57am May 13, 2015 4:57am
Quoting Ballistical
After a poor start to the week, I caught a nice short today on EA H1. TMS entry would have been on LO+1, but I took a more aggressive PA entry due to the FO pullback which was rejected by the 200EMA in line with the primary downtrend. Two positions each risking 1% on 25 pips. Caught 150 pips for +6% {image}
Beautiful excellent trading
Sad i'm not trying to understand PA
  • #56,837
  • May 13, 2015 5:20am May 13, 2015 5:20am
Quoting shay14
{quote} closed this position and its on it way down now
I don't know why you close the trade as it has the making of a reverse move. Looking at the daily you would see a "bearish harami" and a close below the wrb on the weekly. It is looking like a bearish pin on the weekly too. You just miss a +100 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 65 KB
the cautious seldom err....C
  • #56,838
  • May 13, 2015 5:35am May 13, 2015 5:35am
Quoting adikashyap
{quote} I wud n't Short GBP ... this week ......... I have already given my reasons ........... I'm ONLY a buyer ... GBP ... this week ...... Will look for opportunities n timing to go LONG ... as far as the angles ... when RED and GREEN head in opposite direction ... it is danger signal ... as far as I'm concerned ... they shud always look and head in same direction ... Regards
I am looking to buy GBPUSD for a longer term. The 200EMA cross on Daily chart looks like it has been confirmed on a going uptrend.

That being said so, I totally got busted with that red news trading and I'm back from scratch again. What skill I have.
  • #56,839
  • May 13, 2015 5:45am May 13, 2015 5:45am
Quoting pips29
{quote} I don't know why you close the trade as it has the making of a reverse move. Looking at the daily you would see a "bearish harami" and a close below the wrb on the weekly. It is looking like a bearish pin on the weekly too. You just miss a +100 pips {image}
I looked at the trade when shay14 submitted the post and my opinion/assessment at the time was that neither the H1 nor H4 gave a clear signal.
The news drove it hard but it could have gone either way, thus not a A+++ trade .... just my opinion
Never give up !!!
  • #56,840
  • Edited 6:15am May 13, 2015 5:58am | Edited 6:15am
Quoting birdnest
{quote} I am looking to buy GBPUSD for a longer term. The 200EMA cross on Daily chart looks like it has been confirmed on a going uptrend. That being said so, I totally got busted with that red news trading and I'm back from scratch again. What skill I have.
Me too... I gave back to the market what I've earn yesterday on GU (ddn't want to cut short although initially I had a small +25pips)..., I was bullish on GBP, though BOE thinks that in middle term there is risk to downside to GDP and CPI (inflation)...
But right now what got my attention is the fact that although on D TDI is pointing up... the H4 is stuck in between 68 - 80 area and is flat (or at least it was at the time I'm writing)...
But seem that is still have room to go up.
Attached Image
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