{quote} I don't find indicators as reliable as the naked eye when it comes to divergence, an indicator will spot everything and it can get confusing.
- #6,101
- Jul 28, 2015 3:50am Jul 28, 2015 3:50am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
- #6,102
- Jul 28, 2015 4:01am Jul 28, 2015 4:01am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote} LK and LW - i just got off the phone with the GA/EA MN candles and they were in tearstold me all they ever wanted to be was marubozo candles in a strong up trend ... but M30 traders kept shorting them
gr8 trading
. Back to long side again
Appreciation is the key to wealth and happiness
- #6,103
- Jul 28, 2015 4:06am Jul 28, 2015 4:06am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
{quote} Very happy to cu back... Keep up the great work mate
- #6,104
- Edited 9:11am Jul 28, 2015 9:00am | Edited 9:11am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Closed my UC shorts
C confidence in minutes so taking no chance
+203pips
+34+42+32+34+39+22 6shorts total
LOl could of kept them lot redder then I thought might be.
but I always say to myself if I had to guess I would be gambling after 5years of sports gambling I rather not guess or gamble.Not going to feel bad of missing 20pips when I made 200!!!
C confidence in minutes so taking no chance
+203pips
+34+42+32+34+39+22 6shorts total
LOl could of kept them lot redder then I thought might be.
but I always say to myself if I had to guess I would be gambling after 5years of sports gambling I rather not guess or gamble.Not going to feel bad of missing 20pips when I made 200!!!
In trading, you have to be defensive and aggressive at the same time
- #6,105
- Jul 28, 2015 9:13am Jul 28, 2015 9:13am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Closed my UC shorts C confidence in minutes so taking no chance +203pips +34+42+32+34+39+22 6shorts total
.someone PMed asking me about how I trade when facing 200EMA & 800EMA.
Here is an example of one trading away from both blue (200ema), lime green (800ema), the main reason I entered was price has triple tops and TDI + APB confirmed
Appreciation is the key to wealth and happiness
- #6,106
- Edited 9:42am Jul 28, 2015 9:26am | Edited 9:42am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} well trading D
What you did is typical 123 pattern which is harmonic trading and in turn part of Elliot Wave.Not to confuse people I don't bring this aspect of it here.All is worth knowing is this
If PA is Bearish sell the rallies opposite true.So I look rebounds as opertunity to get in.When it ranges I love it more like UC it touched 1.3030-1.30 several times already 1.3030 acting strong resistance.Anyway keep in mind FEds tomorrow it could be major major game changer.If Yellen comes out dover based on commodities getting crashed housing poor sells. Summer time is best for home sells and it was poor and CF red I suspect she won't rush IR hike in Sept
Anyway some patterns to be aware
If you look at the bellow patterns you notice GS does lot of it what he calls break out trading
Something I noticed about him
What I like about this system it helps executing exact timing when to enter.Love it!
In trading, you have to be defensive and aggressive at the same time
- #6,107
- Jul 28, 2015 9:40am Jul 28, 2015 9:40am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #6,108
- Jul 28, 2015 10:04am Jul 28, 2015 10:04am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #6,109
- Jul 28, 2015 10:10am Jul 28, 2015 10:10am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #6,110
- Jul 28, 2015 10:30am Jul 28, 2015 10:30am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #6,111
- Jul 28, 2015 11:03am Jul 28, 2015 11:03am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
Closed my UC shorts C confidence in minutes so taking no chance +203pips +34+42+32+34+39+22 6shorts total
D you are a amazing trader - congrats buddy and thnx for all the amazing info - #6,112
- Jul 28, 2015 11:06am Jul 28, 2015 11:06am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
UCad M30 bounce +50+50+50+50+50pips - broke TL H4 - kinda freaky cause same time as yesterday & same thing happened 
GCad said she wanted divorce and slapped my face off - BE
GCad said she wanted divorce and slapped my face off - BE
- #6,113
- Jul 28, 2015 11:15am Jul 28, 2015 11:15am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
The power of 200EMA often acts as S/R UJ H4 price hits long tails at bottom rebounds up Obvious PA is still bullish until Yellen clears the cloud tonmmorow Notice how 10EMA acts as well (orange line) Please closed all trades tomorrow.Best be flat.You don't want to guess Feds Statement {image}
thnx for the heads up D - i am just spinning my wheels this W1 so far - i have got nowhere - down 0.3% (average per W1 is currently around - up 10%) - usually all my small losses get downed out by big winners but this W1 all the small losses have added up to much and i have only had two wins - #6,114
- Jul 28, 2015 11:30am Jul 28, 2015 11:30am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote} Thanks LK you are doing great as well. What you did is typical 123 pattern which is harmonic trading and in turn part of Elliot Wave.Not to confuse people I don't bring this aspect of it here.All is worth knowing is this If PA is Bearish sell the rallies opposite true.So I look rebounds as opertunity to get in.When it ranges I love it more like UC it touched 1.3030-1.30 several times already 1.3030 acting strong resistance.Anyway keep in mind FEds tomorrow it could be major major game changer.If Yellen comes out dover based on commodities...
If you look at the bellow patterns you notice GS does lot of it what he calls break out trading
Something I noticed about him
this is exactly the problem i am having this W1 - these are not working b/w LO & NYO as they usually do 
...and you guys know how i trade - as soon as i dont like wat i see i get out fast 
....
- #6,115
- Jul 28, 2015 12:13pm Jul 28, 2015 12:13pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote}
Its something I am aware and working on it.
You are doing fine.Remember crosses eat profits fast with 6-7pip spreads...that's why I am focused on pairs with 2-3pips.
I am sure you will kick ass next month.
Regards
GU can't break 5610 !! keep an eye on it.
Reason UC dropped fast is because oil rebounded from 46.66 to 48
Huge correlation
In trading, you have to be defensive and aggressive at the same time
- #6,116
- Jul 29, 2015 12:10am Jul 29, 2015 12:10am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Good Evening guys or Good morning
Not much going on
Just going to share how I see UC
Based on reports I read Canadian dollar is 3% undervalued meaning its true value is stronger then it is now.Oil dropping is major reason why it is where its at.
Will be looking for more Bear action in general.
Strong area is 618 of the swing and 786 both Scott Carney's sweet spot (you can google him and learn more about him)
So I look for price to do something at 1.2988-90 and 1.30 just keep in mind that trades must be sopported by PA and TDI these are just my general guidelines what to anticipate
Not much going on
Just going to share how I see UC
Based on reports I read Canadian dollar is 3% undervalued meaning its true value is stronger then it is now.Oil dropping is major reason why it is where its at.
Will be looking for more Bear action in general.
Strong area is 618 of the swing and 786 both Scott Carney's sweet spot (you can google him and learn more about him)
So I look for price to do something at 1.2988-90 and 1.30 just keep in mind that trades must be sopported by PA and TDI these are just my general guidelines what to anticipate
In trading, you have to be defensive and aggressive at the same time
- #6,118
- Jul 29, 2015 12:22am Jul 29, 2015 12:22am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #6,120
- Jul 29, 2015 12:44am Jul 29, 2015 12:44am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Thanks Devit. Currently I've a day job. I realized that when I open trades at 30 minute charts, I do need to check my trades more often. That's why I have decided to trade on this strategy on 4H chart. Yes, I'll actually remove other TDI indicator. Why I opened this trade: 1 - AUDUSD is retracing from daily pivot point. 2 - Retracing from Weekly V2 3 - TDI looking set to signal downward but actually I was confuse, did I open this trade too early? Should I have waited to price to break MA 10 line? Please also give me your suggestions. Thanks...
remove the pivot .Clean the chart.You should have daily open line set at 5pmNY close.That's more important
PA is having support on 10EMA on H4
Yes there is cross on H4 but having Feds statement today not ideal right?PA can shoot high.
Should be no trade based on trading conditions specially on H4
Lot can happen in 4hours in huge event day.
Good news is you are on bigger trend direction bad news is Aussie is severely oversold and has room to go higher.
To be honest there is 4h TMS thread and they can help you lot more.We are fast trigger happy folks here
and we love 30min chartshttp://www.forexfactory.com/showthread.php?t=291622
TRADING MADE SIMPLE
Good folks there
Regards
In trading, you have to be defensive and aggressive at the same time