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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...

  • #401
  • Nov 24, 2015 2:04am Nov 24, 2015 2:04am
Quoting sunshine
{quote} hi Bendz yes, this way of trading requires that u have patience to wait as a setup develops, then most important...we have to wait until the signal tf bar closes, meaning...if one's signals are generated by the 4hr tf then no entry must be made until that 4hr bar closes AND that close confirms GEOT.
Hi sunshine,

Thanks for this information. My mistake was, I didn't wait for the tf close. Now, I've changed my mentality.

Bendz
  • #402
  • Nov 24, 2015 4:31am Nov 24, 2015 4:31am
Hi Sunshine,

Very interesting thread by a high skill trader

I just skimmed your posts and really enjoyed your way identifying big boys foot prints

After studying your thread in detail post by post, I will join your thread

Keep going
  • #403
  • Nov 24, 2015 11:42pm Nov 24, 2015 11:42pm
Quoting Bendz
{quote} Hi sunshine, Thanks for this information. My mistake was, I didn't wait for the tf close. Now, I've changed my mentality. Bendz
you know Bendz, i still make the same mistake from time to time and sometimes i have to force myself from not jumping in before the bar close. the only way i overcome that eagerness is by shutting down my trading platforms.

by way of an example:

  1. the Weekly trend is up and the Weekly bias is up (2 points in favour of buys in the Weekly companion trade signal timeframe, which is as you know...the 4hrs)
  2. upon opening the 4hr tf i find that the bias is down which just means the previous 4hr bar that closed over an hour was red,
  3. now this is where i'm becoming overeager because as we switched to the 4hr tf i noticed price on the current 4hrs is already trading above the high of the last red 4hr...so i become fearful that i may miss the optimal entry and just jump in... BIG mistake...!!!
  4. why ? i am not following my trading strategy, which is...to WAIT until the 4hr close before entering...in this instance the 4hrs has still 3hrs left.
  5. so after 3hrs the 4hrs now close up but it closed 40 pips below my hasty early entry. which basically means that premature entry is now 40 pips underwater...not a good motivator to take the current buy signal.

  • #404
  • Edited Nov 25, 2015 12:31am Nov 24, 2015 11:49pm | Edited Nov 25, 2015 12:31am
Quoting Subrina_FX
Hi Sunshine, Very interesting thread by a high skill trader I just skimmed your posts and really enjoyed your way identifying big boys foot prints After studying your thread in detail post by post, I will join your thread Keep going
hello Subrina and thank you for your kind words and observations.

u will notice as u progress thru the thread slight minor adjustments to the strategy, that just shows how the strategy matured.

i do hope that u find some value here, sometimes a re-read once more will open up concepts and techniques that u missed or skimmed over, so take your time...assimilate and let it simmer in your mind then come back and see if its visible.

EDIT:: below are 2 tradingbooks i found entertaining as well as useful...more like eye-opening after the 2nd and 3rd reads...years apart... yes years apart because only then i came to realise what they were actually telling me
... only then i could visualise without any effort their methods {which are basically one and the same} and their strategies. maybe u or some else may find them invaluable as well, i certainly do hope so. they both trading classics and freely available online in pdf format, i will upload it here it if u request it.

  1. How i made $2, 000,000 in the Stock Market by Nicolas Darvas, and
  2. Reminiscences of a Stock operator by Edwin Lefevre

​

  • #405
  • Nov 25, 2015 12:11am Nov 25, 2015 12:11am
Great Thread!!

Thanks!!
  • #406
  • Nov 25, 2015 12:16am Nov 25, 2015 12:16am
here are the Daily charts of the Kiwi & Ozzie for those of u interested.
buys rule... so i may pyramid in lower timeframes should the opportunity arises.

Please Note: before buying check for yourself the following to make sure that we are following our method:

  1. the Monthly bar ...did it close up or dwn
  2. the Weekly bar...same thing as above

​

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD+AUDUSD wed 25Nov.png Size: 18 KB
  • #407
  • Nov 25, 2015 2:49am Nov 25, 2015 2:49am
Quoting sunshine
here are the Daily charts of the Kiwi & Ozzie for those of u interested. buys rule... so i may pyramid in lower timeframes should the opportunity arises. Please Note: before buying check for yourself the following to make sure that we are following our method: the Monthly bar ...did it close up or dwn the Weekly bar...same thing as above ​{image}
Hi sunshine,

Thanks. Got it. I'm in audusd.
Bendz
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.JPG Size: 147 KB
  • #408
  • Nov 25, 2015 2:56am Nov 25, 2015 2:56am
Quoting sunshine
{quote} you know Bendz, i still make the same mistake from time to time and sometimes i have to force myself from not jumping in before the bar close. the only way i overcome that eagerness is by shutting down my trading platforms. by way of an example: the Weekly trend is up and the Weekly bias is up (2 points in favour of buys in the Weekly companion trade signal timeframe, which is as you know...the 4hrs) upon opening the 4hr tf i find that the bias is down which just means the previous 4hr bar that closed over an hour was red, now this is where...
Hi sunshine,

Got it.
My trades in eurnzd.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.JPG Size: 139 KB
  • #409
  • Nov 25, 2015 4:50am Nov 25, 2015 4:50am
Quoting pipsplus
Great Thread!! Thanks!!
Hi pipsplus, thank you and welcome

if you're watching then possible trend continuation signals setting up in our intraday timeframes... in other words prepare to buy after consulting your lower intraday tf's... don't rush , wait for the setup to complete.

PS Bendz: i'm struggling to get internet connection but will try again later should i be kicked off again..just keep your head and wits about u.
  • #410
  • Nov 25, 2015 8:13am Nov 25, 2015 8:13am
here are my recent buys a few minutes ago after the 4hrs closed...check the 2 outside charts.
the entries may work out or may not but one thing is for sure, i followed my strategy so at least i've reinforced "muscle-memory"

EDIT: pls pardon me , i meant to post the 4hrs of the NZDJPY.


only the AUDUSD 4hrs didn't give a buy signal this time as it's still retracing but i'm posting it anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: NZD+AUD+ NZDJPY retrcemnt buys Wed 25Nov.png Size: 28 KB
  • #411
  • Nov 25, 2015 8:20am Nov 25, 2015 8:20am
do we all know what reversal signals look like in the different tf's ?

i'm keeping an eye on GBPUSD for any price stalling signals in the lower tf's. it had a lovely up run.
  • #412
  • Nov 25, 2015 8:31am Nov 25, 2015 8:31am
Quoting sunshine
do we all know what reversal signals look like in the different tf's ? i'm keeping an eye on GBPUSD for any price stalling signals in the lower tf's. it had a lovely up run.
Hello! Would you consider opening short if today's daily closes below 1.5080?
  • #413
  • Nov 25, 2015 9:02am Nov 25, 2015 9:02am
Quoting nixdem
{quote} Hello! Would you consider opening short if today's daily closes below 1.5080?
hello nixdem,

yes, can u tell me why 1.5080 price close is important for shorts for u ?

all current trades are short because my trading bias is sell only, as u can see from the GBPUSD 4hr charts there are no buys.
Attached Image
  • #414
  • Nov 25, 2015 9:08am Nov 25, 2015 9:08am
eish...i forgot about the upcoming red news for NZD later this evening.

should have waited until after the effect and after the interbank dealers sweeping was done before entry.
  • #415
  • Nov 25, 2015 9:18am Nov 25, 2015 9:18am
Quoting sunshine
{quote} hello nixdem, yes, can u tell me why 1.5080 price close is important for shorts for u ? all current trades are short because my trading bias is sell only, as u can see from the GBPUSD 4hr charts there are no buys. {image}
on a daily there are some spots where 1.5080 acts as a resistance
Attached Image (click to enlarge)
Click to Enlarge Name: sshot-261.png Size: 76 KB
  • #416
  • Nov 25, 2015 9:28am Nov 25, 2015 9:28am
AUD/USD Weekly is by 3 Bars up and the 4hr has the 3rd bar down. However, I thought AUD is in an upward move on a Weekly chart? Are you saying keep selling?
  • #417
  • Edited 10:37pm Nov 25, 2015 9:52pm | Edited 10:37pm
Quoting nixdem
{quote} on a daily there are some spots where 1.5080 acts as a resistance {image}
hi nixdem

today the dynamics are different from yesterday when u asked your question about Cable because yesterday [wednesday] closed up AND now the M+Dly buy strategy apply.

what am i saying ?
i am saying buys rule today so u can buy now, close to yesterdays candle's close or drop down to your intraday tf's and await a buy signal there.
i suggest 1hr tf.

EDIT:i am not giving out trade signals...i only draw attention to certain pairs which in my opinion may make a run or in which the prior run has stalled.

...and thank you for your question yesterday because it made me go over my GBP pairs and took profit on them. actually i had to do this because MT4 generated this message below...
Attached Image
  • #418
  • Nov 25, 2015 10:16pm Nov 25, 2015 10:16pm
Quoting sunnyfarm
AUD/USD Weekly is by 3 Bars up and the 4hr has the 3rd bar down. However, I thought AUD is in an upward move on a Weekly chart? Are you saying keep selling?
hi sunnyfarm,

actually exactly the opposite i mean, buys rule at that time of your posting.

yesterday AUDUSD closed with and indecision bar...a long-legged doji at the top of an up run and after a very bullish bar which means today price has a high likelyhood of falling.
viewing the 4hrs chart, see attached chart below, one can see an extremely bearish engulfing bar and the current price level which is green...now, i will exit any long probes if that current green bars close down in a little less than 2hrs, but i will not initiate shorts.
Attached Image



as or your other observations..."...Weekly is by 3 Bars up..." is not curent because we dont take into accpount the current week when determing our trading bias but we look how price closed up the previous week...the same goes for Monthly + Dly... do u get what i mean ?

...again, the same applies to your 4hrs observation..."...and the 4hr has the 3rd bar down.." the 3rd bar u were referring to was still in play and therefore have no influence on our trading direction... do u understnd what i'm trying to get across ? if not then u are welcome to ask more or read the 1st page to get the essence of this method.
  • #419
  • Edited 10:40pm Nov 25, 2015 10:26pm | Edited 10:40pm
Quoting Bendz
{quote} Hi sunshine, Thanks. Got it. I'm in audusd. Bendz {image}
hello Bendz,

my apologies for only replying now but since u were following our method and initiated the strategy correctly, i wanted u to gain some experience in a retracement because not all our entries will move in the desired direction and stay locked-in that specific direction there.

now, please read my posting above about the AUDUSD and my intentions, thank you.
in particular, look at the price action and the bars that formed in the Dly and 4hrs.

EDIT:

  1. what i forgot to mention in the post to trader sunnyfarm was that should the 4hr price close pleasingly up then i will keep the current buy probe and may add more.
  2. now look again at that 4hr chart and u will notice that i placed a Stop Loss of about 14 pips below the current 4hr bar...that is to say...if u are not closing up then we will part company here...adios amigo...

  • #420
  • Nov 25, 2015 10:42pm Nov 25, 2015 10:42pm
No red news today but the USD has a bank holiday today, so trade accordingly or stay flat.
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