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  • #57,521
  • Jun 1, 2015 12:19pm Jun 1, 2015 12:19pm
Quoting pips29
Just wondering how come none of you who trade E/A did not take a short at LO. {image}
Pips,

I did not take this trade as I was entered in a couple of other LO moves, however, if I had of saw this set-up I would of jumped all over it, I have made a lot of pips with these setups, my sl is usually pretty tight and I think letting this move back on you any great amount would of been very "gamblerish".

But yeah, loss for me forsure if I had noticed it.. they happen
  • #57,522
  • Jun 1, 2015 12:48pm Jun 1, 2015 12:48pm
Quoting Lookleft
{quote} Hi pips, My reasoning is that if EA has a big move during the TO session, when that session ends (LO +2) there is going to be some profit taking so price could stall or reverse. I've noticed this on quite a few pairs so I tend to sit on my hands and wait. There's probably more technical reasons but that is how my old brain works
Hi LL,
the technical reasons was: at LO EA was @ daily S2 and weekly pivot. regards.
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"the public is not yet ready for it" W.D. GANN
  • #57,523
  • Jun 1, 2015 12:59pm Jun 1, 2015 12:59pm
Quoting Andyvix833
{quote} Pips, I did not take this trade as I was entered in a couple of other LO moves, however, if I had of saw this set-up I would of jumped all over it, I have made a lot of pips with these setups, my sl is usually pretty tight and I think letting this move back on you any great amount would of been very "gamblerish". But yeah, loss for me forsure if I had noticed it.. they happen
thank you Andy, yes I can understand your thinking
the cautious seldom err....C
  • #57,524
  • Jun 1, 2015 1:43pm Jun 1, 2015 1:43pm
Quoting mokuro89
Hi, today trades: EU - SL -50, The setup candle was FO candle but I always wait for London to close before made any orders, I belive there was no enough range to go lower, since it was already 70 pips from DO, any comments? {image} and GU TP1 +25 TP2+50 {image}
Mokuro89,
I don't trade this pair but if I were you this would be my entry and exit strategy on this trade hope that helps.

EU H1
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EU M30
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Kindest regards
  • #57,525
  • Jun 1, 2015 1:44pm Jun 1, 2015 1:44pm
Quoting Nik-Nyc
{quote} Hi Mokuro, Regarding the EU SL trade i think u are correct about the strong 70pip move during early session being a red flag. The only other considerations i can see are that you entered 6/7 pips from a RN 1.09000 (price has reacted to this level before as S&R), and you entered at the end of a candle that had a 50pip range itself. Personally i am wary of such large candles. Good trading, N
Hi Nik-Nyc, thanks for your comments, I usually dont enter after a big candle, but define what is a big candle may be the problem, for me, if my SL(50pip for no G's pairs) can stay behind the big candle wick, it is a ok go, otherwise no-go, how do you define a "large candle" that would be a no-go? (other than the obviously gigant ones)
  • #57,526
  • Edited 5:38pm Jun 1, 2015 3:04pm | Edited 5:38pm
Quoting MrAussieFX
{quote} Mokuro89, I don't trade this pair but if I were you this would be my entry and exit strategy on this trade hope that helps. EU H1 {image} EU M30 {image} Kindest regards
Hi MrAussieFX, Thansk for your review and efforts on your charts!!
About the Fibs, I usually draw fibs on D1 only, too much fibs mess up with my charts, and having too much lines I always look for reasons to Not enter the trade, after finding a good setup, if I take all fibs in consideration my brain will refuse to be confident on opening a trade, so D1 fib is enought for me

about the ADR, i'm using ADR set to ATR(10), but even 5 or 10, the range is not good enough for the trade, as my TP2(50pip) would be behind the ADR

Now about setting a pending order or entering on break of asian range Before london close, Im really interested. I'm sit on a belief that I need wait london candle to close before make my move. Why? How many times does the london candle goes past asian+frankfurt and then before the candle close it reverses? sometimes invalidating the Frankfut setup candle (I'm really asking, what is the Statistics of this happens?) Maybe waiting the first M30 candle of LO to close past F candle and/or asian high/low? or even M15?
  • #57,527
  • Jun 1, 2015 3:07pm Jun 1, 2015 3:07pm
Quoting pips29
Just wondering how come none of you who trade E/A did not take a short at LO. {image}
Hi pips29
I also thought about this bounce signal... however we were in an uptrend, the 50EMA was quite close, looking left I saw structure on 4HR chart and the 38.2 fib of last week swing low/high was not too far, so I passed on this one.
  • #57,528
  • Jun 1, 2015 5:04pm Jun 1, 2015 5:04pm
Hi Emmanuel,

In reply to KumoDragon in Post #286, Big E in Post #302 commented about trading on Daily charts. Can you please explain in your experience what Big E meant in that post. Also, in Post #647 what he meant by "how close am I to previous high or lo" and "Look at the candles on the last reversal.... big, little, what" to enter a TDI trade (highlighted by me). I hope it will help new traders like me to understand TMS more clearly. If possible, illustrations on charts will be highly appreciated. Thanks.
  • #57,529
  • Edited 5:40pm Jun 1, 2015 5:20pm | Edited 5:40pm
Quoting mazingaz
{quote} Hi pips29 I also thought about this bounce signal... however we were in an uptrend, the 50EMA was quite close, looking left I saw structure on 4HR chart and the 38.2 fib of last week swing low/high was not too far, so I passed on this one.
Thank Mazingaz for your feedback. I reckon you are trading H4 chart as what you said I can see on this timeframe. Did you not see the bullish candle on H1 which might deter anyone from taking short
the cautious seldom err....C
  • #57,530
  • Jun 1, 2015 6:30pm Jun 1, 2015 6:30pm
Quoting mokuro89
{quote} Hi Nik-Nyc, thanks for your comments, I usually dont enter after a big candle, but define what is a big candle may be the problem for me, if my SL(50pip for no G's pairs) can stay behind the big candle wick, it is a ok go, otherwise no-go, how do you define a "large candle" that would be a no-go? (other than the obviously gigant ones)
M,

I think your question has been answered already, but in a nutshell, i look at adr, if a single 1hr candle is over 50% adr then its a cause for concern.

If you are interested in Tokyo break out strategies you can watch the following videos at compassfx, lots of good insight:
http://http://www.compassfx.com/video/flash/70711/70711.html
http://www.compassfx.com/video/flash/71111/71111.html
http://www.compassfx.com/video/flash/71211/71211.html
http://www.compassfx.com/video/ip/62512/62512.html

best, N
  • #57,531
  • Jun 1, 2015 8:13pm Jun 1, 2015 8:13pm
Someone please verify this for me?

I've been pulling my hair on this, and at this point I don't know if it's just me, my broker, or what. I did find a very old thread regarding this issue, but there was never a fix posted, and all the posters are long gone from FF.
http://www.forexfactory.com/showthread.php?t=90581

Same S&R lines appearing across different pairs within the same window.

Have a chart window with any pair open, better make it monthly TF for easier verification, then place Horizontal line, then drag a different pair from Market Watch over to same window.

Are you experiencing the same thing?

Thanks.
  • #57,532
  • Jun 1, 2015 8:19pm Jun 1, 2015 8:19pm
Quoting adikashyap
{quote} Thanks Emm. You cleared my head and I removed Sup Dem from my charts. I have a doubt on WRB's ... In this Gold chart, though WRB 2 cleared WRB 1H, it could not close above WRB 1 H. In this scenario, which 1 is the valid WRB at present, WRB 1 or WRB 2? Thanks. {image}
http://www.forexfactory.com/attachme...1&d=1433126043

Did you see that WRB1 low played as support yesterday? real nice...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,533
  • Jun 1, 2015 9:39pm Jun 1, 2015 9:39pm
Quoting Nik-Nyc
{quote} If you are interested in Tokyo break out strategies you can watch the following videos at compassfx, lots of good insigh best, N
Thank you Nik-Nyc for putting the links together. It was interesting!
  • #57,534
  • Jun 2, 2015 12:38am Jun 2, 2015 12:38am
Quoting emmanuel7788
{quote} {image} Did you see that WRB1 low played as support yesterday? real nice...
Yes Emm,
A small advice from you helped me make a fortune yesterday.
Initially I was long, made 140 pips. Once it started pulling back, I remembered your advice of treating WRB L as support and went short. Made another 90 pips.
Thanks a lot buddy.
  • #57,535
  • Jun 2, 2015 12:44am Jun 2, 2015 12:44am
Quoting adikashyap
{quote} It is common for the terminal to hang for few seconds ... It does help if you remove all un wanted Indi's ... Specifically any EA's ... as they get stuck into CPU ...
Thanks alot Adi!

Kind Regards,
Raza
  • #57,536
  • Jun 2, 2015 3:46am Jun 2, 2015 3:46am
Quoting Nik-Nyc
{quote} M, I think your question has been answered already, but in a nutshell, i look at adr, if a single 1hr candle is over 50% adr then its a cause for concern. If you are interested in Tokyo break out strategies you can watch the following videos at compassfx, lots of good insight: http://http://www.compassfx.com/video/flash/70711/70711.html http://www.compassfx.com/video/flash/71111/71111.html http://www.compassfx.com/video/flash/71211/71211.html http://www.compassfx.com/video/ip/62512/62512.html...
Thanks Nik-Nyc for the links!
  • #57,537
  • Jun 2, 2015 4:43am Jun 2, 2015 4:43am
Quoting pips29
{quote} Thank Mazingaz for your feedback. I reckon you are trading H4 chart as what you said I can see on this timeframe. Did you not see the bullish candle on H1 which might deter anyone from taking short
I mainly trade 1 hour chart but I keep an eye on higher timeframes. I saw the bullish candle after that inside bar pattern and I would have taken the long trade if green TDI was not that far from the MBL, price also moved 70 pips from the swing low and it was not good RR
  • #57,538
  • Jun 2, 2015 4:48am Jun 2, 2015 4:48am
Look at the 50EMA on GBPUSD on 1 hr chart, price got rejected 4 times already... today it may give up but I would wait for a clear break before any longs
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  • #57,539
  • Jun 2, 2015 5:31am Jun 2, 2015 5:31am
I took a breakout trade on H1 with e/y and have taken 1/4 out now. Wondering what cause the spike
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the cautious seldom err....C
  • #57,540
  • Jun 2, 2015 5:41am Jun 2, 2015 5:41am

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