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Attachments: When Price is UP, buy; when Price is Down, sell short...
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When Price is UP, buy; when Price is Down, sell short...

  • #341
  • Nov 10, 2015 2:25am Nov 10, 2015 2:25am
Quoting sunshine
{quote} see the 1hr chart below... i want to see that long bearish bar with the white x cancelled by a bullish bar before i will consider a buy i closed the GBPAUD for a loss i am long EURUSD {image}
.......am out of the trade......
  • #342
  • Nov 10, 2015 10:15pm Nov 10, 2015 10:15pm
Quoting Monokl
just long CADJPY..see how it will goes
Hi Monokl,

i apologise that i could not reply to u yesterday because i lost my connection several times and in the end i gave up trying. sometimes i could connect but the pages just never load...it says loading but it just loads forever without giving me access to the site.

i could no not even take some trades that i earmarked. in the EURUSD i had 3 trades, 2 longs and a short. the longs resulted in loss but the short trade was a winner and put me ahead overall over these longs.
overall for yesterday i am a few pips down bcz of the loss in the GBPAUD long.

i want to draw your attention to an upcoming trade in the pair that u traded yesterday, CADJPY. i am waiting for the 4hr bar to close before entering a probe, should it survive, i will consider bigger size stacking... still 1hr and 45mins before bar close but so far so good.
Attached Image
  • #343
  • Nov 10, 2015 10:17pm Nov 10, 2015 10:17pm
red news for GBP & EUR later today
  • #344
  • Edited 10:54pm Nov 10, 2015 10:32pm | Edited 10:54pm
im going to post my reading of the EURUSD pair for today.

the Daily is showing signs of an up move that i think may last several days, provided today close Up, however, the day is far from done.

...in the meantime lets look at the 4hrs.

  1. 4hrs trend currently up,
  2. however, the 4hrs has entered a potential sell zone,
  3. red news coming in the afternoon so we will be checking every 4hrs the colour and shape of the 4hr close.

what would we like to see in 4hrs tf ?

  1. a red 4hr bar followed by a +brb, should this appear then buys rule.

​what would we like to see in Daily tf ?

  1. today should close up.
  2. should that happens then we will trade from the buy side only tomorrow.

​

Attached Image
  • #345
  • Nov 10, 2015 11:03pm Nov 10, 2015 11:03pm
a valid sell signal just formed in 1hrs but since i can't baby sit it today i will not take it, meaning it would have shorted if i had the time to monitor it.
  • #346
  • Nov 10, 2015 11:24pm Nov 10, 2015 11:24pm
the AUDUSD & NZDUSD price patterns are similar to the EURUSD with the NZDUSD having a slightly better bullish edge.

as for Daily price ranges of the 3 pairs the EURUSD leads followed by the Kiwi and then the Ozzie.
  • #347
  • Nov 11, 2015 11:10pm Nov 11, 2015 11:10pm
2 buy probes on GBPUSD 4hr timeframe. 1st buy probe entered in 4hrs and the pyramid in 30mins. the purple x shows the entry signal

now a reversal signs are showing up in 4hrs which basically means both long trades are in danger.
the current 4hr bar is forming a valid sell signal.

hmm..what to do ? close out one or both trades for gains and go short or let the longs ride and go short with stoploss above high of that red sell signal ?
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  • #348
  • Nov 11, 2015 11:15pm Nov 11, 2015 11:15pm
red news for EUR & USD today.
  • #349
  • Nov 11, 2015 11:26pm Nov 11, 2015 11:26pm
stopped out of 2 longs yesterday in GBPAUD & CADJPY

also send a short probe in EURUSD yesterday and was up nicely in gains so i figured i will move sl to plus breakeven and let it ride...was not to be bcz that trade also was stopped out but atleast for marginal gain.
  • #350
  • Nov 11, 2015 11:56pm Nov 11, 2015 11:56pm
in EURUSD a sell signal is forming just like yesterday but today the trade dynamics is different.

may i should do what i did yesterday...that is: take the short signal and move sl to be if price moves down handsomely.

different Trade Dynamics today:

 

  1. the 4hrs is in a sell zone and forming a sell signal thereby confirming.
  2. the Daily has formed a Daylight buy signal and
  3. the 3 days previous (yesterday + the 2 prior) have confirmed that daylight long bias for today.
  4. Important:: if that red 4hr bar is cancelled preferably by the next 4hr bars up close, then buys rule today.

​

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  • #351
  • Nov 12, 2015 12:24am Nov 12, 2015 12:24am
there it is; 1 sell probe together with 2 buy probes. referencing post 347 above
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  • #352
  • Nov 12, 2015 2:17am Nov 12, 2015 2:17am
internet connectivity playing up again. it is not my ISP but rather my shenanigans because we are constantly moving around today. that causes dropping the cellular signal from time to time and sometimes i can't connect at all, very frustrating when u have open trades and waiting stack.
  • #353
  • Nov 12, 2015 2:31am Nov 12, 2015 2:31am
all of my Cable longs closed for profit and entered 2nd short probe. charts may follow.

Why did i close my buys ? let's not loose focus of the overall major trends.

  1. Monthly Trend is still solidly down
  2. similarly, Weekly Trend still solidly down
  3. i only followed my strategy which says; in Down Trend...short and in Up Trend buy.
  4. so who can tell me why did i buy this month when i just said that the Monthly Trend is down...? hint...Monthly and which other time frame hunts together as a team ?

  • #354
  • Edited 10:11pm Nov 12, 2015 9:34pm | Edited 10:11pm
what a wild ride intraday yesterday for my probes in GBPUSD however, the days range was below average at 72 pips.

EDIT: see that long up tail on the 4hr news release bar just after that doji/spinning top of yesterday ?
...that is what i call "the Sweep" because the insiders use events such as news releases to scalp and better their holdings. what i mean is that from their books they can see where the stops are bundled so...

Hindsight:

  1. when i saw the potential turn in 4hrs i should have closed all longs and go short...what actually happened ? shorts were entered and when confirmed that price intends dropping further, i then closed my longs.
  2. later in the afternoon just before the biggest banksters manipulation speech, i again saw price stalling very clearly..it was like telegraphing its intention a few hours before her speech.
  3. did i close out my shorts and go long ? no i did not, only protected 1 and left the other 2 with closer stops...result loss.
  4. the Daily closed up instead of down but the pair is still firmly in Sell Zone territory, so another probe was entered off 4hr signal a few minutes ago. charts is below.

​

Attached Image
  • #355
  • Edited 10:15pm Nov 12, 2015 9:51pm | Edited 10:15pm
red news 3hrs from now for EUR and later in the afternoon some manipulation data from USD.

watchout for the Sweep that will follow
  • #356
  • Nov 12, 2015 11:31pm Nov 12, 2015 11:31pm
ok, i get the long message and will oblige... i'm referring to my current in-profit short of Cable

... i hear and will obey... that is the response of the faithful to their Rabbul Alameen.
  • #357
  • Nov 15, 2015 10:53pm Nov 15, 2015 10:53pm
2 promising charts for longs on my watchlist this week are GBPJPY & GBPCAD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY+GBPCAD wkly Mon 16Nov.png Size: 20 KB
  • #358
  • Nov 15, 2015 10:57pm Nov 15, 2015 10:57pm
with those pairs in mind there is red news for one of them, GBPCAD. later this afternoon. the other red new is for EUR.
  • #359
  • Nov 15, 2015 11:39pm Nov 15, 2015 11:39pm
GBPCAD;

This is what i think may happen today leading up the red news release later this afternoon...one possible scenario

  1. price continues to declines right up to news release,
  2. then stop its decline and start rising,
  3. 4hrs and 1hrs should reveal if that will be the case.
  4. so for now i intend to wait for a buy signal

  • #360
  • Nov 15, 2015 11:45pm Nov 15, 2015 11:45pm
CADJPY is a shorting candidate this week, will monitor 4hrs for entry signal, obviously i anticipate the inverse or opposite of the abovementioned pair.
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