{quote} Downunder, thank you so much.
I think billsmith deserves the thanks not me...
Hope my suggestion helped others new to MT4.Cheers
D
By failing to prepare, you are preparing to fail - Benjamin Franklin
- #68,303
- Apr 13, 2016 2:57pm Apr 13, 2016 2:57pm
{quote} Hi pinoismo I think billsmith deserves the thanks not me...
it just that i couldn't get the Pipsometer to work for me and i was tired of having to drag and then measure
so i went treasure hunting and finally found the above gem Fib(onacci) my way to glory
- #68,305
- Apr 13, 2016 4:25pm Apr 13, 2016 4:25pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts | Online Now
Another entry signal, but I won't take it. I see it as a countertrend move at a resistance level.
- #68,306
- Apr 13, 2016 6:58pm Apr 13, 2016 6:58pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
TDI bounce example to wait for... {image}
Good morning Folks,
Well that H4 candle did not close lower so we did not have a bounce trade setup. Volatility wa rather low and slow moving for this pair yesterday.
manage to pick one PASR entry.
PASR= Price Action at Support & Resistance.
In this example, it was a CONTINUATION trade, when the price action was H4 Pin Bar and the S&r is the Close price of the previous Day candle and the BRN 1.4800
see below multi-chart view.
Hint: when trading lower TF charts like H1, we need to be able to see the higher TF candle like the H4 to pick the PA candlestick pattern.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #68,307
- Apr 13, 2016 7:01pm Apr 13, 2016 7:01pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
try this, it is completely free and it has worked really well so far for me https://www.mql5.com/en/market/product/2050
good find...thanks Bill.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #68,308
- Apr 13, 2016 7:35pm Apr 13, 2016 7:35pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Red hot news in the next 2 to 3 hours... lots of orders to be filled as usual....but we cannot see where they are. if you believe in stop hunting, make a guess where the most volume of orders are. {image}
USDCAD we all saw that BoC news spike, it went down instead of up. Now it move back up to fill more orders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #68,309
- Apr 13, 2016 8:41pm Apr 13, 2016 8:41pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts | Online Now
I closed everything, as a reommendation of the author of this thread, with almost breakeven. In all my trades, TDI was going flat:
"Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal" (post #6).
I will make this a personal rule: never enter at a support/resistance level. There are so many pairs/TF to offer better opportunities:
"HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !" (post #261).
"Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal" (post #6).
I will make this a personal rule: never enter at a support/resistance level. There are so many pairs/TF to offer better opportunities:
"HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !" (post #261).
- #68,310
- Apr 14, 2016 1:31am Apr 14, 2016 1:31am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} USDCAD we all saw that BoC news spike, it went down instead of up. Now it move back up to fill more orders. {image}
where will it move next?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #68,313
- Apr 14, 2016 2:40am Apr 14, 2016 2:40am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #68,316
- Apr 14, 2016 5:17am Apr 14, 2016 5:17am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} different broker, different server time, so we see different H4 candles.... but the market price remains the same. simple solution, don't look at H4. Just look at D1 and H1 charts, with a top down approach. Know your Monthly and Weekly. If the trend is established, you can enter the market using H1 at any time of your day. You don't need to enter using APB#1 and APB#2 as the reversal setup. Let the reversal happen, then trade the continuation. Does this make sense? Where to place your trade initial SL?
- #68,319
- Apr 14, 2016 12:48pm Apr 14, 2016 12:48pm
Hey everyone,
Just wanted some opinions on my analysis of a short on the USDJPY.
I'm seeing a strong bearish movement monthly and weekly. Last two days have been a bullish correction.
We did get a bearish engulfing candle a few candles back as we can see below. We also got a bounce off the Fib Pivot Monthly S78 level.
We could potentially see a MC(3), if there is a close between the two gold lines below, and wait for the bearish breakout closing below the 109.000 level with momentum.
or if the current candle closes below the bottom gold line and 109.000 level, with the HA candles showing a wide body and longer lower wick.
All advice would be greatly appreciated
Just wanted some opinions on my analysis of a short on the USDJPY.
I'm seeing a strong bearish movement monthly and weekly. Last two days have been a bullish correction.
We did get a bearish engulfing candle a few candles back as we can see below. We also got a bounce off the Fib Pivot Monthly S78 level.
We could potentially see a MC(3), if there is a close between the two gold lines below, and wait for the bearish breakout closing below the 109.000 level with momentum.
or if the current candle closes below the bottom gold line and 109.000 level, with the HA candles showing a wide body and longer lower wick.
All advice would be greatly appreciated
