{quote} GBPAUD Week 35 Trade update. Trade according to plan. Now trade protected with trailing stop. Target 1.7650 as in plan. {image}
The last Pos closed at RN 1.7650.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,081
- Sep 2, 2016 12:56am Sep 2, 2016 12:56am
- Joined Nov 2008 | Status: Trader | 50,203 Posts
The last Pos closed at RN 1.7650.
- #71,082
- Sep 2, 2016 12:58am Sep 2, 2016 12:58am
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} EURJPY Sep 1 trade update: Yesterday was a short pause at the BRN 115.00 with a pullback candle. The break of the BRN was a strong candle. {image} My trade is trailing 2-bars behind curret price action and the current H4 has a lower high, this is threatening the buy stop loss now. If it closes lower low, I will exit at the next opportunity.
This trade was scaled out into 3 exits.
The last Pos was closed t RN 115.50.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,083
- Sep 2, 2016 1:49am Sep 2, 2016 1:49am
- Joined Mar 2016 | Status: Full Trader | 1,378 Posts
{quote} EURJPY Week 35 H4 trades closed. This trade was scaled out into 3 exits. The last Pos was closed t RN 115.50. {image}
The best
- #71,086
- Edited 1:09pm Sep 2, 2016 11:41am | Edited 1:09pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
{quote} EURJPY Week 35 H4 trades closed. This trade was scaled out into 3 exits. The last Pos was closed t RN 115.50. {image}
It looks so easy for you to have multiple entry (on fake reversal) and exits.
Fake reversal alone is hard for me to identify... I sometime exit too early because I thought initially it was fake, but later, after one to three candles later, I was right all along
...correct me if I am wrong here (attached image from your earlier post)
1) First, you've identified a three bar reversal in H1 TF.
--- Is this a rule on such a TF or can it be applied in all TF? I asked because at H4, you think it was a good entry without waiting for that H4 candle to close. Or at at that moment, you saw a bit longer bullish wick from previous candle and then a little bit on the current candle.
--- You saw this reversal at 7AM Sydney session ---Is this the best time for you to look for possible trade entry prior to London or Euro session? I ask because, if it is 7AM in Sydney it would be 5AM on my end.
OR just maybe, regardless of the instrument (in this case EJ), you look for such trade entry that would go till London session and then wait for what PA reveals to you (given your entry by that time already gained enough green pips).
2) Second, this trade entry, was done between 4-5 hours before the London and Euro session. It looks like you've already foresee a possible winning trade based on that PA (three bar reversal on H1) that it would push upward.
3) Third, you saw a TDI angle trajectory from H1 was between 12-2 clock face rule on a green rebound not a TDI cross while at H4 it was showing an upward TDI curve.
Sorry for these questions, as it maybe redundant already, I can't get through much of the thread content which runs at 3.5K page mileage.
Thanks and kindest regards...
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #71,087
- Sep 2, 2016 6:54pm Sep 2, 2016 6:54pm
- Joined Nov 2008 | Status: Trader | 50,203 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,088
- Sep 2, 2016 9:49pm Sep 2, 2016 9:49pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #71,094
- Sep 3, 2016 6:50pm Sep 3, 2016 6:50pm
{quote} Hi Dimi, thanks. Good stuff. I think this should be made into a pdf for TMS mobile traders to download for use. BTW, shouldn't the Green PL and Red TSL be also "Apply to First Indicator's Data" too? i had always used this. regards,
{quote} Thanks a lot for sharing these Dimi.A!
- #71,095
- Sep 4, 2016 1:41am Sep 4, 2016 1:41am
- Joined Nov 2008 | Status: Trader | 50,203 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,096
- Sep 4, 2016 2:15am Sep 4, 2016 2:15am
- Joined Nov 2008 | Status: Trader | 50,203 Posts
{quote} Amazing!
Hi v2vboni,
1) I trade EJ together with AU and AJ during the early morning session of Sydney and Tokyo markets. Sydney open is also the first H4 candle of my trading day. I can open my 4H swing trades any time during my trading hours and does not always be the London session.
The H1 entry was price action seen using the previous week's Close as the S&R and it was during the first H4 candle of that day. When the H4 candle close, the H4 setup was the next candle. There was a Tokyo open fakey if you can see that. Then the Pullback candle. (X-man our H1 specialist) and next candle beaking my favourite SYD-2H.
2) Yes. trade entry was during the Sydney/Tokyo session. Those 3-bars reversal are quite common in different timeframes and when these occur in lower timeframe, it can mean you catch the higher setup or reversal 'early'.
3) Depends on the TDI setting the angle of the Green can be very different. Therefore I don't care about the scientific angle calculation. I look at the price bars - OHLC and see the volatility and momentum. The TDI Green angle responds to the price bars OHLC. Price action is leading indicator over the TDI which is only confirmation of our TMS setups.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,097
- Sep 4, 2016 2:39am Sep 4, 2016 2:39am
- Joined Nov 2008 | Status: Trader | 50,203 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,098
- Sep 4, 2016 2:45am Sep 4, 2016 2:45am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #71,099
- Edited 4:17am Sep 4, 2016 2:49am | Edited 4:17am
- Joined Nov 2008 | Status: Trader | 50,203 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Here's my outlook for next week H1 work:
The GBP has been on a positive trend against most weaker (commodity) currencies for the past 3 weeks. With some extra nice manufacturing numbers out of the UK last week, I'm hoping this trend will continue. So I will do what I did the past week - search for H1 setups during London Session and go LONG ONLY on the GBP.
Attached is chart of GBPCHF which presents the best PA. But if you look at GCAD, GJPY and GAUD, it's the same story. If the pound will move upwards next week, it will move during London. Knowing this, it's down to patience and spotting the right setup to get in.
London Session Boxes are in blue and with pip range on top of them.
Another interesting moment is for AUDNZD, which looks in the middle of a good downtrend. I will search also for SELL setups on this one.
Have a good week people.
@EMM your file is not loading anything. Please re-upload. ANyone with same problem?
The GBP has been on a positive trend against most weaker (commodity) currencies for the past 3 weeks. With some extra nice manufacturing numbers out of the UK last week, I'm hoping this trend will continue. So I will do what I did the past week - search for H1 setups during London Session and go LONG ONLY on the GBP.
Attached is chart of GBPCHF which presents the best PA. But if you look at GCAD, GJPY and GAUD, it's the same story. If the pound will move upwards next week, it will move during London. Knowing this, it's down to patience and spotting the right setup to get in.
London Session Boxes are in blue and with pip range on top of them.
Another interesting moment is for AUDNZD, which looks in the middle of a good downtrend. I will search also for SELL setups on this one.
Have a good week people.
NZDUSD Week 36 Sep 5 to 9 Big Picture and Trade Plan {image}
Best regards, Zef