Gold H4 Breakout? {image}
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Trading on the Right Side of the Market (Hopefully)
- #41
- Aug 19, 2016 9:42am Aug 19, 2016 9:42am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
- #42
- Aug 19, 2016 10:09am Aug 19, 2016 10:09am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
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- #43
- Edited 11:49am Aug 19, 2016 10:40am | Edited 11:49am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
{quote} GBPJPY entered short. 2 positions. Note: This in line with what I'm seeing on H4 TF. Edit: Both positions closed for small profit at close oflast H1 candle. Going to see what this next H1 candle wants to. Will try to sell again but at the pink TL this time. {image}
Edit: SL now at BE. Now that really is me done for this week.
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- #44
- Aug 19, 2016 3:04pm Aug 19, 2016 3:04pm
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
Slight change to the template.
The 1st 55 EMA (actual 55 EMA, no shift) is now aqua colour. It just helps me to see what I consider to be an important MA and I also like how it looks.
The 1st 55 EMA (actual 55 EMA, no shift) is now aqua colour. It just helps me to see what I consider to be an important MA and I also like how it looks.
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- #45
- Aug 19, 2016 4:36pm Aug 19, 2016 4:36pm
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
{quote} Maybe a failed breakout. Added a new TL and shorted. Demo only. {image}
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- #46
- Aug 19, 2016 4:40pm Aug 19, 2016 4:40pm
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
{quote} Silver is dropping well. Looks like a triangle breakout so we could see a nice drop if itcan close outside of it. {image}
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- #47
- Aug 20, 2016 6:22am Aug 20, 2016 6:22am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
RSI Divergence Indicator
I'm changing my TDI Indicator for this RSI Divergence Indicator (10 period). The new indicator should provide actionable signals which will hopefully fall in line with what I'm seeing on the chart. As well as RSI divergence I have always like to watch out for RSI TL breaks so this indicator will make that easy as it also draws them in.
I'm changing my TDI Indicator for this RSI Divergence Indicator (10 period). The new indicator should provide actionable signals which will hopefully fall in line with what I'm seeing on the chart. As well as RSI divergence I have always like to watch out for RSI TL breaks so this indicator will make that easy as it also draws them in.
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- #48
- Aug 20, 2016 6:49am Aug 20, 2016 6:49am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
This could be interesting for next week.
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- #49
- Aug 20, 2016 6:59am Aug 20, 2016 6:59am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
Also watching this for a breakout to the upside. But maybe a short TL break 1st.
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- #50
- Aug 20, 2016 7:06am Aug 20, 2016 7:06am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
EURAUD H4 could provide a short opportunity at oraround market open on Sunday night. And maybe a chance to go long later in the week.
Obviously this isjust pure speculation and I will trade set ups as I see them.
Obviously this isjust pure speculation and I will trade set ups as I see them.
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- #51
- Aug 20, 2016 7:26am Aug 20, 2016 7:26am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
Silver H4 - still on for shorts. If it re-traces touparound the 61.8 Fib I will look for an opportunity to get in.
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- #52
- Aug 20, 2016 1:29pm Aug 20, 2016 1:29pm
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
Golden Nugget #3
The Wolfe Wave
The Wolfe wave was "discovered" by Bill Wolfe and there is a lot of info on it on the internet. They are similar to ending triangles as described in Elliott Wave Theory and they could also be classed as rising or falling wedge reversal patterns.
I like these patterns as they are very common in all charts and all TF. As they are are reversal pattern they can be very profitable. If traded correctly they can get you in right at the beginning of a new trend.
Below is a H4 Silver chart with a brief description of the pattern and how to trade it. More information is available here http://www.forexfactory.com/showthread.php?t=580759
The Wolfe Wave
The Wolfe wave was "discovered" by Bill Wolfe and there is a lot of info on it on the internet. They are similar to ending triangles as described in Elliott Wave Theory and they could also be classed as rising or falling wedge reversal patterns.
I like these patterns as they are very common in all charts and all TF. As they are are reversal pattern they can be very profitable. If traded correctly they can get you in right at the beginning of a new trend.
Below is a H4 Silver chart with a brief description of the pattern and how to trade it. More information is available here http://www.forexfactory.com/showthread.php?t=580759
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- #53
- Aug 21, 2016 6:13pm Aug 21, 2016 6:13pm
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
EURAUD H4 could provide a short opportunity at oraround market open on Sunday night. And maybe a chance to go long later in the week. Obviously this isjust pure speculation and I will trade set ups as I see them. {image}
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- #56
- Aug 22, 2016 5:46am Aug 22, 2016 5:46am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
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- #57
- Edited 6:52am Aug 22, 2016 6:27am | Edited 6:52am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
{quote} OK so it was helped on it's way by negative CAD news. Hopefully the next H4 candle will give us a retrace for a chance to get in long. If we manage to make a new HH then I will watch for a retrace from that point to a Fib level to go long again. {image}
So we have a new HH (for now although it may push higher still). If it retraces from here I will be keeping an eye on the fib levels for a long entry.
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- #58
- Edited Aug 23, 2016 4:55am Aug 22, 2016 6:36am | Edited Aug 23, 2016 4:55am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
USDJPY H1 Long
Above the river and on the path. Lets see...
Edit: SL hit - 30 pips
Above the river and on the path. Lets see...
Edit: SL hit - 30 pips
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- #59
- Aug 22, 2016 6:43am Aug 22, 2016 6:43am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
Also watching this for a breakout to the upside. But maybe a short TL break 1st. {image}
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- #60
- Aug 22, 2016 6:51am Aug 22, 2016 6:51am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
This could be interesting for next week. {image}
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