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  • #69,521
  • Jun 13, 2016 4:00am Jun 13, 2016 4:00am
Nice H4 price action setups by simply following previous Week candle Close/Low.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY June 13 H4 setup.png Size: 43 KB
Click to Enlarge Name: EURJPY June 13 H4 setup.png Size: 43 KB
Click to Enlarge Name: GBPJPY H4 Jun 13 H4 setup.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,522
  • Edited 5:31am Jun 13, 2016 5:20am | Edited 5:31am
Quoting emmanuel7788
{quote} XAUUSD update - week 24 June 13: the bullish run continues, but we must pay attention when small candle appears. the target 1283 is still in sight, then we have 1293 next target. most EOD traders will move their protective stops to the last day candle low, i.e. Friday's low. as day candle get smaller, the likelihood of being stopped out by trailing the low of the previous candle is very high when market start to go into narrow range trading. {image} we are in FOMC week, so be vigilant about the US markets - stock, futures, etc.
Thank you Emmanuel

Went out this afternoon just came back, missed EurGbp
Thanks for AU comment.You the the best teacher & trader
I have to read your post again from page 3464. Learning about trade management.
Gold profit 2 lots (170+70) if prices are slowing & below 1280 I will take the profit & reenter again when candle breaks 1300

Best regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.png Size: 101 KB
  • #69,523
  • Jun 13, 2016 5:54am Jun 13, 2016 5:54am
Quoting pete.alfa
{quote} Thank you Emmanuel Went out this afternoon just came back, missed EurGbp Thanks for AU comment.You the the best teacher & trader I have to read your post again from page 3464. Learning about trade management. Gold profit 2 lots (170+70) if prices are slowing & below 1280 I will take the profit & reenter again when candle breaks 1300 Best regards, {image}
today Sydney ASX is closed so there is not trading... hunger.
last Friday was quite bullish for many counters ... CitiGroup counters.
Tomorrow opening would be very interesting, I am sure many will gap up.
So we look at Gold rally ...

Euro2016 big match Spain vs Czech ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,524
  • Jun 13, 2016 6:25am Jun 13, 2016 6:25am
EURNZD Week 23 Big Picture

Weekly ATR-52 weeks =472pips
ADR(100) days 195pips, ME trade distance 95pips.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 23 June 13 Big Picture.png Size: 95 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,525
  • Jun 13, 2016 6:36am Jun 13, 2016 6:36am
Quoting emmanuel7788
{quote} today Sydney ASX is closed so there is not trading... hunger. last Friday was quite bullish for many counters ... CitiGroup counters. Tomorrow opening would be very interesting, I am sure many will gap up. So we look at Gold rally ... Euro2016 big match Spain vs Czech ...
can't wait for this match Belgium V Italy at 8 pm
the cautious seldom err....C
  • #69,526
  • Jun 13, 2016 7:49am Jun 13, 2016 7:49am
Thank you all for your replies on AU, very helpful!!!

Love this thread!

Had a nice profit on EJ, 80 pips. Good start of the week.

Regards,
Bill
focus, manage risk, rinse, repeat
  • #69,527
  • Jun 13, 2016 6:29pm Jun 13, 2016 6:29pm
Morning All

On EU this morning i noticed potential setup.

M- PA above 10ema, TDI flat 3pm
W- watch last two weeks of PA- high pin to end last week, PA remains above 10/50 ema as Support
D- yesterday closed above 10 & 50 ema
H4- MC formed late Friday, last H4 candle IB. Waiting for opportunity if PA closed above 1.2981 (next candle due in 93 minutes)

T-1 base of previous MC- 1.3248

Appreciate your thoughts and feedback.

Regards
CH
Attached Image (click to enlarge)
Click to Enlarge Name: EU- 14-6 MC-IB.JPG Size: 191 KB
  • #69,528
  • Jun 13, 2016 7:04pm Jun 13, 2016 7:04pm
Quoting pete.alfa
{quote} Thank you Emmanuel Went out this afternoon just came back, missed EurGbp Thanks for AU comment.You the the best teacher & trader I have to read your post again from page 3464. Learning about trade management. Gold profit 2 lots (170+70) if prices are slowing & below 1280 I will take the profit & reenter again when candle breaks 1300 Best regards, {image}

XAUUSD update June 14

June 13 close at 1283 ... is that S&R magic or what?
we all know that there is no holy grail trading system.
are there secrets about S&R?

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 23 Jun 13 close 1283.png Size: 35 KB


we need something to push this above the R 1283....
question for some,
do we buy low? when do we buy low?
do we buy when break resistance 1283?
do we buy after break resistance and re-test that resistance which can become support for buy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,529
  • Jun 13, 2016 7:18pm Jun 13, 2016 7:18pm
Quoting caah
Morning All On EU this morning i noticed potential setup. M- PA above 10ema, TDI flat 3pm W- watch last two weeks of PA- high pin to end last week, PA remains above 10/50 ema as Support D- yesterday closed above 10 & 50 ema H4- MC formed late Friday, last H4 candle IB. Waiting for opportunity if PA closed above 1.2981 (next candle due in 93 minutes) T-1 base of previous MC- 1.3248 Appreciate your thoughts and feedback. Regards CH {image}

Good morning caah,

on D1, it's too early to buy.
Buy on your H4, that looks okay with that consolidation seen before that big H4 candle which broke the consolidation high.
PA is around a BRN.
Now you have to manage and make sure to protect your capital as soon as possible.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,530
  • Jun 13, 2016 7:28pm Jun 13, 2016 7:28pm
Quoting emmanuel7788
{quote} XAUUSD update June 14 June 13 close at 1283 ... is that S&R magic or what? we all know that there is no holy grail trading system. are there secrets about S&R? {image} we need something to push this above the R 1283.... question for some, do we buy low? when do we buy low? do we buy when break resistance 1283? do we buy after break resistance and re-test that resistance which can become support for buy.
I guess "we buy after break resistance and re-test that resistance which can become support for buy" is most high probability setup.
  • #69,531
  • Jun 13, 2016 7:58pm Jun 13, 2016 7:58pm
Quoting emmanuel7788
EURNZD Week 23 Big Picture Weekly ATR-52 weeks =472pips ADR(100) days 195pips, ME trade distance 95pips. {image}
Thank you Emmanuel

I took gold profit 240pips I don't like trouble area. I know I'm chicken lol. I will enter again when it breaks 1290.
AU WRB in 4H at the moment.
I will watch EZ closely.

Best regards,
  • #69,532
  • Jun 13, 2016 8:10pm Jun 13, 2016 8:10pm
Quoting inforserve
{quote} I guess "we buy after break resistance and re-test that resistance which can become support for buy" is most high probability setup.
that is also true what some forex coaches are telling their students.

but I trade Gold in the same way I trade stocks.
I need to see real Volume.
to break resistance, I want to see buying volume.

However, TMS traders look for setups - Price Action at Support and Resistance, and use the TDI as confirmation of the setup.

For today, intraday traders would be looking for potential buy setups in H1, using yesterday's OHLC as support and resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD June 14 H1 chart view.png Size: 44 KB


For H4 traders, they will see that both the TDI and Stochastics (8,3,3,) are way above their OverBought OB regions. The TDI VB is also narrowing.
Big E would not trade when the TDI is above the 68-level.

But, in this strong trending market type, it is possible to buy on H4 when both the TDI and Stochastics cross up while they are in their OB region.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Weeek 23 H4 chart view.png Size: 37 KB


Which ever way you chose to trade, make sure you have your risk% and do your position sizing with a Stop Loss.

Trade Well Folks,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,533
  • Jun 13, 2016 8:21pm Jun 13, 2016 8:21pm
XAUUSD D1 chart buy trade example:

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD June 14 D1 buy entry example.png Size: 34 KB


manage trade tomorrow morning when Sydney open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,534
  • Jun 14, 2016 12:10am Jun 14, 2016 12:10am
Quoting emmanuel7788
EURAUD H1 trade update. Move SL to trail behind the previous candle high. {image}
What is this Cavemanager?
  • #69,535
  • Jun 14, 2016 12:29am Jun 14, 2016 12:29am
Quoting jeff90
{quote} What is this Cavemanager?
It's a trade manager expert advisor.

Download the trade manager EA and pdf description from original thread / post by Caveman: Post# 18,455
Both the EA and pdf description are in Post#30,032

I made a pdf for member hsn100.
CM parameter setting for HSN : Post#56,308
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,536
  • Edited 1:21am Jun 14, 2016 1:08am | Edited 1:21am
Quoting emmanuel7788
XAUUSD D1 chart buy trade example: {image} manage trade tomorrow morning when Sydney open.
Hi, Emmanuel
about the 2-day back stop loss,if it means when price go below it end of day, you will colse all MEME positions right now even if you just opened 2-3 ME postions, you will not consider to open more ME positons?


thank you and
best regards!
  • #69,537
  • Jun 14, 2016 1:22am Jun 14, 2016 1:22am
Quoting kevinfeng
{quote} Hi, Emmanuel about the 2-day back stop loss,if it means when price go below it end of day, you will colse all MEME positions right now? thank you and best regards!

Hi Kevin,

If you open a new position this morning when Tokyo or Sydney open, then your initial SL is below Friday's low.
Wait for today close and see what happens. If the market turn out to be a red D1 candle but did not close below yesterday's low, you can decide if you want to stay in and move your initial SL to below yesterday low. Or you can cut loss when today close red candle.

As for me, I have all my EOD positions from previous week all protected at yesterday' low. I am waiting for Sydney ASX to close and check the stock market.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,538
  • Edited 5:27am Jun 14, 2016 4:08am | Edited 5:27am
Just in time.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
Took trade broke out consolidation area above PAC and multiple weekly historical support lines
Exit 30 min before end of Asian session near ADR high for day.


Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 27 KB
Took trade around IB Break out & after checked multiple weekly historical resistance
Final exit around RN.


I should wait for longer.
Entered the trade NR4 ? in daily chart and upward thrust bar in H4.
Exit with fear.


Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 21 KB


Total around +150 Pips.
  • #69,539
  • Jun 14, 2016 4:15am Jun 14, 2016 4:15am
Hi, emm!
How did you manage last week EU longs? Did you already closed it?
  • #69,540
  • Jun 14, 2016 4:47am Jun 14, 2016 4:47am
Quoting makron
Hi, emm! How did you manage last week EU longs? Did you already closed it?

Hi,

Yes. Retracement was deep.
see post:
http://www.forexfactory.com/showthre...08#post8971408

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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