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  • #61,521
  • Oct 14, 2015 6:03pm Oct 14, 2015 6:03pm
EURAUD and GBPAUD H4 15 Oct Tokyo open

Do we have technical reversal?
Share what you see on your charts and how you will trade these.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,522
  • Oct 14, 2015 6:57pm Oct 14, 2015 6:57pm
Quoting emmanuel7788
EURAUD and GBPAUD H4 15 Oct Tokyo open Do we have technical reversal? Share what you see on your charts and how you will trade these.
I think EA looks like a reversal , daily has shooting star pattern --h4 TDI X
Not sure on GA but H4 looks good
  • #61,523
  • Oct 14, 2015 6:59pm Oct 14, 2015 6:59pm
Quoting emmanuel7788
{quote} Good entry. I did one trade entry too with PA and confluence of support and resistance. {image}
Excellent Emmanuel,

This chart demonstrates a perfect combination of TMS + PA in harmony

Thanks for sharing.
Focus on the process and the profits will follow
  • #61,524
  • Oct 14, 2015 7:06pm Oct 14, 2015 7:06pm
Quoting robuk
{quote} I think EA looks like a reversal , daily has shooting star pattern --h4 TDI X Not sure on GA but H4 looks good

Both pairs are good but we have to wait until after the news release, let the news spike settle down usually one 15-min candle will settle that. Then look at the price action at support and resistance. Most traders look for bounce off support and resistance, I think this is 'wrong'. It is better to look at the price re-action at the CONFLUENCE of several common use support and resistance to get into a high probability trade.
Today Aussie news was 30-mins before the close of my H4 candle, so I waited. TIMING thing I learn to be patient.

GBPAUD H4 14 Oct.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 42 14 Oct H4 trade entry.png Size: 80 KB


Edit: Just like we look for the high of the day to be set during the London session when we trade H1,
Likewise, we also look for the high of the Week to be set when we trade 4H swing.
In these two example we have retracement of previous week .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,525
  • Edited 7:32pm Oct 14, 2015 7:20pm | Edited 7:32pm
Quoting emmanuel7788
{quote} Both pairs are good but we have to wait until after the news release, let the news spike settle down usually one 15-min candle will settle that. Then look at the price action at support and resistance. Most traders look for bounce off support and resistance, I think this is 'wrong'. It is better to look at the price re-action at the CONFLUENCE of several common use support and resistance to get into a high probability trade. Today Aussie news was 30-mins before the close of my H4 candle, so I waited. TIMING thing I learn to be patient. GBPAUD...
thanks Emm , good lesson , Its been a while since I looked at 2AM GMT candles as I was back in UK , now in Thailand I can try them again, but a bit scared of them as the first one I tried flipped back .
I 'missed the bus ' on these two , I will try to get in if we have a retracement .
  • #61,526
  • Oct 14, 2015 7:24pm Oct 14, 2015 7:24pm
Quoting emmanuel7788
EURAUD and GBPAUD H4 15 Oct Tokyo open Do we have technical reversal? Share what you see on your charts and how you will trade these.
Short on both as they are acting similarly with targets worth a long term trade set-up. will add to both as they progress.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 33 KB
Combat crazy markets with crazy trading
  • #61,527
  • Oct 14, 2015 9:47pm Oct 14, 2015 9:47pm
EURJPY 15 Oct Tokyo +5Hours

This H4 will close soon.
Do we buy?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY week 41 15 Oct TOK 5H H4.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,528
  • Oct 14, 2015 9:52pm Oct 14, 2015 9:52pm
Quoting emmanuel7788
EURJPY 15 Oct Tokyo +5Hours This H4 will close soon. Do we buy? {image}
seems good
  • #61,529
  • Oct 14, 2015 9:57pm Oct 14, 2015 9:57pm
For those who trade the M15 and M5, and think that you can pick tops and bottoms of the H4 and H1 reversal turning, I posted something in the old thread.

http://www.forexfactory.com/showthre...80#post8541380
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,530
  • Oct 14, 2015 10:06pm Oct 14, 2015 10:06pm
Quoting emmanuel7788
EURJPY 15 Oct Tokyo +5Hours This H4 will close soon. Do we buy? {image}
I have a res bar at 13 pips above so I think I would wait to see PA there . and BRN
Sorry 37 pips above , so maybe OK
  • #61,531
  • Oct 14, 2015 10:10pm Oct 14, 2015 10:10pm
Quoting FiNaLWaR
{quote} seems good

that H4 close above the WRB high and the TDI Green Price Line cross the Yellow Market Base Line.
So technically, it is good for buy setup.
Risk is 70pips below the last low i.e. this current week low that is about 0.5ADR(100 days).

Good to go.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,532
  • Oct 14, 2015 10:15pm Oct 14, 2015 10:15pm
Quoting robuk
{quote} I have a res bar at 13 pips above so I think I would wait to see PA there . and BRN Sorry 37 pips above , so maybe OK

H1/ m30/m15 traders are selling... into support.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,533
  • Oct 14, 2015 10:19pm Oct 14, 2015 10:19pm
hey guys..im so confused .. what setting on TDI (std dev.price line.rsi.signal line,volabands) because im use different application and i want use this method...thank you guys
  • #61,534
  • Oct 14, 2015 10:21pm Oct 14, 2015 10:21pm
Quoting emmanuel7788
{quote} H1/ m30/m15 traders are selling... into support.
Yes , I waited till it pulled back then entered at 131.60
Still entered too soon
  • #61,535
  • Oct 14, 2015 10:32pm Oct 14, 2015 10:32pm
Quoting arczen
hey guys..im so confused .. what setting on TDI (std dev.price line.rsi.signal line,volabands) because im use different application and i want use this method...thank you guys

If you do not trade using MT4 platform, you can create the TDI on any other platfomr using the Fozzy-RSI method.

How to create the TDI using RSI available in other platform: Post#15,546

Fozzy RSI Method Post#59,617

read this book - RSI: The Complete Guide Post#27,110 by John Hayden
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,536
  • Oct 14, 2015 10:40pm Oct 14, 2015 10:40pm
Quoting robuk
{quote} Yes , I waited till it pulled back then entered at 131.60 Still entered too soon

I open one position when the current H4 open, now looking at M15 if the support will hold and possible I can add one more position using M15 (position building)

we shall see how this go.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 15 Oct M15 Tokyo+5hour.png Size: 86 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,537
  • Oct 14, 2015 10:53pm Oct 14, 2015 10:53pm
Quoting emmanuel7788
{quote} I open one position when the current H4 open, now looking at M15 if the support will hold and possible I can add one more position using M15 (position building) we shall see how this go. {image}
Bouncing off nicely , good luck
  • #61,538
  • Oct 14, 2015 10:59pm Oct 14, 2015 10:59pm
Quoting robuk
{quote} Bouncing off nicely , good luck

that's what the smart money wants us to see ... 'bouncing off', so don't fall for the trap becasue the market often set us up. Some think they can catch bottoms by wanting to catch the turning early.

we wait for and see the price reaction at support and resistance, then we decide our next move.

a FIb 38/50 of the H4 Hi-Lo is good retracement entry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,539
  • Oct 14, 2015 11:08pm Oct 14, 2015 11:08pm
Quoting emmanuel7788
{quote} a FIb 38/50 of the H4 Hi-Lo is good retracement entry.
Hi Emmanuel,
Are you referring to the Fib Hi/Lo of the previous H4 candle that closed about 8 mins ago?

Thank in advanced for the clarification.

Best,
N
  • #61,540
  • Oct 14, 2015 11:08pm Oct 14, 2015 11:08pm
oil average price from sep 15 to oct 15 is 46.46$ and from aug 14 to sep 14 is 43.51$ that shows 7% rising in oil prices with this calculation for most commodity prices we will see a rising pattern because before sep market was ready for sep rate hike and when it does not happened commodity prices raise after that so if my calculation is alright we will see positive numbers for inflation for today.

and if it get positive eurusd will pull back.
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