I fell asleep and woke up in time to see the last game of Sharapova's defeat. Logged on and took 2 trades past the hour( slightly late) on g/u and g/y
the cautious seldom err....C
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Disliked{quote} yes, meihk..a nice looking wick. good to know you use pa in your entry. However, take a look at the 1 hour and you will see price has been making HH and HL...once you get a confirmed LH I reckon you would get many more pips. Below is the daily chart and you can see the tl which I posted few days ago when I was shorting this pairt is still holding good...I have no position in this pair...I am concentrating on g/u (the only trade I have at the moment) {image}Ignored
DislikedI love European summer time, it surely warmer than back in Sydney (winter now) and I can trade the Europen sessions without losing sleep. GBPUSD M15 training chart on setups: {image} Note, it is very difficult to trade when the 10EMA and 50EMA are close to one another. You need perfect TIMING, clsoing of the M15 candle to match the closing of the H1 and also the market session. See what happen now after London closed.Ignored
Disliked{quote} see comments on chart below: 4xM15 candles makes one H1. {image}Ignored
Disliked{quote} yes, this is the perfect setup. the M15 candle close is also the H1 close....red 2nd, 3rd and 4th M15 candle closing the H1 ...Pin Bar see how the M15 close across the 10EMA and the H1 close across the 10EMA (50EMA on M15 chart) that the kind of setup I would wait for when the 10EMA and 50EMA are close to one another. Note the TDI Green cross Red and cross Yellow... 'golden cross'.Ignored
Disliked{quote} It differs from your previous explanation, to clarify. 50 ema in M15 = 10 EMA in H1. When ema 10 and ema 50 in the M15 close making out, we must make sure all the things above. But in that picture you said I should see 50 ema in H1? I'm a little confusedIgnored
Disliked{quote} Awesometrade, I will let Emmanuel answer the question . . . but ask yourself a simple question: On an H1 chart, what does the 50ema represent? (hint: H4). Also, you might find these links useful for further explanation, served me wonders: http://www.forexfactory.com/showthre...11#post6075211 http://www.forexfactory.com/showthre...33#post6075333 Happy trading, N.Ignored
Disliked{quote} you called the first one in red rectangle before the 1 hour candle closed - but it ended up closing on/slightly above ema 50 plus having a long wick at the bottom (so i presume thats what is wrong with it?) i did not realise you were in Sydney, last time I checked I think it was Spain, right?!Ignored
Disliked{quote} Awesometrade, I will let Emmanuel answer the question . . . but ask yourself a simple question: On an H1 chart, what does the 50ema represent? (hint: H4). Also, you might find these links useful for further explanation, served me wonders: http://www.forexfactory.com/showthre...11#post6075211 http://www.forexfactory.com/showthre...33#post6075333 Happy trading, N.Ignored
Disliked{quote} Good job Nik. Folks, learn from Nik. He read every post in this thread and knows so much already. He will make it to be a super trader one day. That's is what the ARJUN ARROW is about ... read, read, read,...take notes, learn and understand everything there is in this thread. Lots of real-time trading practice. That's the secret to success in trading as a business. Believe me you will make it work one day so long you don't give up.Ignored
DislikedLet me know what yall think about this setup is it right? dont mind my triggered entry. I marked the two signal candles(entry close of signal candle), the boxs are 4hr candle and 1hr candle. PA daily cross 10ema and 4hr cross 50ema. buyers are winning? {image}Ignored
Disliked{quote} Meihk, I do not trade NZD/USD, so am unfamiliar with its breathing patterns. That in mind i marked your chart with my "potential" entries. Please note that both entries would be after the candle touched the 10ema and i usually wait for the candle to turn from red (necessary for the touch to occur in an uptrend) to green. Others do it differently, but entering a market order after a touch and price returning to the candle open has worked for me. Best, N. {image}Ignored