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  • #60,781
  • Sep 24, 2015 5:12am Sep 24, 2015 5:12am
Hello Folks, any trades today? i like eurusd 4h chart but i wait pulback and then take long.
  • #60,782
  • Sep 24, 2015 5:19am Sep 24, 2015 5:19am
Quoting TheScorpS
{quote} Nicely done, congrats on those trades and keep pipin
Thanks!
  • #60,783
  • Sep 24, 2015 5:27am Sep 24, 2015 5:27am
Quoting Jofox
Hello Folks, any trades today? i like eurusd 4h chart but i wait pulback and then take long.
EU is at the last week's low, which is resistance on H4. The candles on H4 seem small, so not too much power, IMHO. I went to M15 and I saw PA was rejected a few times from that line. Maybe others can share their opinion too.
  • #60,784
  • Sep 24, 2015 5:47am Sep 24, 2015 5:47am
Quoting catalin_eros
{quote} EU is at the last week's low, which is resistance on H4. The candles on H4 seem small, so not too much power, IMHO. I went to M15 and I saw PA was rejected a few times from that line. Maybe others can share their opinion too.
Thanks for your opinion Catalin. I agree the Heiken ashi candles are not so strong, so i wait USA session then maybe will be more volatility. Yes it has big resistence on 1.12 but i think it will go up for 13-14price.
  • #60,785
  • Sep 24, 2015 5:48am Sep 24, 2015 5:48am
Hi all,

First time to FF. Wanna thank Big E for selflessly sharing TMS and starting this thread.
I've just entered my first trade on EURCAD using TMS and looks like it's heading the right direction.
However, I have one question regarding when to enter the trade.

As can be seen from the screenshot, "when do I enter.jpg", green line bounced off. However, the bar has not closed.
So, do I enter at this bar, or should I wait till this bar closes and enter at the open of next candle?

I entered the trade before the candle closes. It's looking pretty good so far ("looking good.jpg") :-)
I do realized that it's a bit risky to enter near the resistance (daily high).

Again! Thanks everyone!

W
Attached Image(s) (click to enlarge)
Click to Enlarge Name: when do i enter.jpg Size: 316 KB
Click to Enlarge Name: looking good.jpg Size: 160 KB
  • #60,786
  • Sep 24, 2015 5:59am Sep 24, 2015 5:59am
Quoting Jofox
Hello Folks, any trades today? i like eurusd 4h chart but i wait pulback and then take long.

You missed EURAUD ...
http://www.forexfactory.com/showthre...32#post8506332
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,787
  • Sep 24, 2015 6:05am Sep 24, 2015 6:05am
Quoting TheScorpS
EA on the break of Yesterday High, tried +100 pips but failed on BRN so closed it with +54 pips {image}
Nice one....
Got that classic D1 setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,788
  • Sep 24, 2015 6:15am Sep 24, 2015 6:15am
Quoting emmanuel7788
{quote} You missed EURAUD ... http://www.forexfactory.com/showthre...32#post8506332
Hello Emma. wich tf use for entry? 4h or less? I wach 4h for direction and take orders from 15min. i,m right or not? also i use 5 sma high and low and 10 ema. it,s good setup? pls answer me. Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4h.PNG Size: 76 KB
  • #60,789
  • Sep 24, 2015 6:19am Sep 24, 2015 6:19am
Quoting wjw
Hi all, First time to FF. Wanna thank Big E for selflessly sharing TMS and starting this thread. I've just entered my first trade on EURCAD using TMS and looks like it's heading the right direction. However, I have one question regarding when to enter the trade. As can be seen from the screenshot, "when do I enter.jpg", green line bounced off. However, the bar has not closed. So, do I enter at this bar, or should I wait till this bar closes and enter at the open of next candle? I entered the trade before the candle closes. It's looking pretty good...

Hi,

Always wait for the candle to close to confirm the trade setup.

Learn to read the price action using the real price bar or Japanese candlesticks. With the APB candles, you should swtich your chart to Bar Chart so that you see the real price bar OHLC over the APB.

EURCAD was in consolidation and there was an Inside Bar. Use that for PA setup and the TDI will confirm the setup.

Post#647 is important post and use that as a checklist when we trade.

- are we near or in consolidation?

some old posts and attachments for further study.
Profiting in Forex Post#20,118 by Steve Nison
Three Powerful FOREX Price Pattern Post#21,110


I took 2 trades on H1. Scale out at +25pips, +50pips with 2 remaining positions open protected at BE+.


Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 39 24 Sep H1 trades..png Size: 33 KB




regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,790
  • Sep 24, 2015 6:29am Sep 24, 2015 6:29am
Quoting Jofox
{quote} Hello Emma. wich tf use for entry? 4h or less? I wach 4h for direction and take orders from 15min. i,m right or not? also i use 5 sma high and low and 10 ema. it,s good setup? pls answer me. Thanks {image}

Hi,

With that D1 setup alert, you can simply open a buy trade when day open. But your SL would be the low of the previous Day low or the last swing low i.e. the low of 22 Sep.

You can chose to trade intraday using H1 of M15 but have a Buy bias since there is a D1 setup for buy.
For intraday trading you have several options to look for buy trades.
-1) is to look for buy when the price action break above the previous Day high.
- 2) trade when the price action break above the Tokyo_5Hour high.
- 3) simply look for consolidation like IB, then trade the IB breakout.

you can also look at H4 high low on your H1 chart and trade the H4 IB breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 39 H1 example.png Size: 36 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,791
  • Sep 24, 2015 6:30am Sep 24, 2015 6:30am
Quoting Jofox
{quote} Thanks for your opinion Catalin. I agree the Heiken ashi candles are not so strong, so i wait USA session then maybe will be more volatility. Yes it has big resistence on 1.12 but i think it will go up for 13-14price.
It looks like the Gods of forex favor you. The pair is powered up.
  • #60,792
  • Sep 24, 2015 6:33am Sep 24, 2015 6:33am
Quoting emmanuel7788
{quote} Hi, Always wait for the candle to close to confirm the trade setup. Learn to read the price action using the real price bar or Japanese candlesticks. With the APB candles, you should swtich your chart to Bar Chart so that you see the real price bar OHLC over the APB. EURCAD was in consolidation and there was an Inside Bar. Use that for PA setup and the TDI will confirm the setup. Post#647 is important post and use that as a checklist when we trade. - are we near or in consolidation? some old posts and attachments for further study. Profiting...
Thanks very much for your prompt reply and advice. I'll add OHCL to my chart.
I've read post #647. Just wasn't sure what "consolidation area" meant. Am I correct to intepret that "consolidation area" means near support/resistance.
Will read Post#20,118 and Post#21,110.

Thanks again :-)
  • #60,793
  • Sep 24, 2015 6:40am Sep 24, 2015 6:40am
Quoting emmanuel7788
{quote} Hi, With that D1 setup alert, you can simply open a buy trade when day open. But your SL would be the low of the previous Day low or the last swing low i.e. the low of 22 Sep. You can chose to trade intraday using H1 of M15 but have a Buy bias since there is a D1 setup for buy. For intraday trading you have several options to look for buy trades. -1) is to look for buy when the price action break above the previous Day high. - 2) trade when the price action break above the Tokyo_5Hour high. - 3) simply look for consolidation like IB, then...
Thank you very much Emma for your great explanation, you are real professional. pls upload for me 4h high /low indicator. witch EMA use? 10 ema?
Cheers
  • #60,794
  • Sep 24, 2015 6:46am Sep 24, 2015 6:46am
Quoting Jofox
{quote} Thank you very much Emma for your great explanation, you are real professional. pls upload for me 4h high /low indicator. witch EMA use? 10 ema? Cheers
Hi,

Here is the H4 Hi-Lo which you will see on H1 and lower TF.

You can either use the 5EMA set to Typical Price, Shift+3 as in the original template by Big E

or you can change and use the 10EMA set to Close price, No shift.

regards,
Attached File(s)
File Type: ex4 ! H4 Hi-Lo lines only.ex4   10 KB | 846 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,795
  • Sep 24, 2015 6:56am Sep 24, 2015 6:56am
Quoting emmanuel7788
{quote} Hi, Here is the H4 Hi-Lo which you will see on H1 and lower TF. You can either use the 5EMA set to Typical Price, Shift+3 as in the original template by Big E or you can change and use the 10EMA set to Close price, No shift. regards, {file}
  • #60,796
  • Sep 24, 2015 9:07am Sep 24, 2015 9:07am
GBPUSD H4 Day 3 Final
Closed all after the bounce from 1.5200 and with Yellen speaking later decided to call it a day.
Position 1
TP1 +50
TP2 +100
TP3 +120
TP4 +230
Position 2
TP1 +50
TP2 +65
TP3 +120
TP4 +70
Total +805 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,797
  • Sep 24, 2015 9:21am Sep 24, 2015 9:21am
what timeframe dou guys like more 1H or 4H ?
  • #60,798
  • Sep 24, 2015 9:48am Sep 24, 2015 9:48am
Quoting Dridzz
what timeframe dou guys like more 1H or 4H ?
Great Look Left

I wanna earn like you
<3
  • #60,799
  • Sep 24, 2015 9:49am Sep 24, 2015 9:49am
Quoting Dridzz
what timeframe dou guys like more 1H or 4H ?
I like 1H TF

Because I don't like over night position.
  • #60,800
  • Sep 24, 2015 10:40am Sep 24, 2015 10:40am
Quoting Lookleft
GBPUSD H4 Day 3 Final Closed all after the bounce from 1.5200 and with Yellen speaking later decided to call it a day. Position 1 TP1 +50 TP2 +100 TP3 +120 TP4 +230 Position 2 TP1 +50 TP2 +65 TP3 +120 TP4 +70 Total +805 pips {image}
Impressive!
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