nice pop gun on the eurcad today... very nice breakout of inside bars. 
It's in fear when people show what they truly value.
- #71,182
- Sep 8, 2016 12:57pm Sep 8, 2016 12:57pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
It's in fear when people show what they truly value.
- #71,183
- Sep 8, 2016 6:18pm Sep 8, 2016 6:18pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
EURUSD Week 36 D1 chart trading:
This week is ECB Rate .. big decision for the ECB.
This week is ECB Rate .. big decision for the ECB.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,184
- Sep 8, 2016 6:36pm Sep 8, 2016 6:36pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
NZDUSD Week 36;
Not a bad week as the 4H Swing lasted 4 days and I manage to capture the full run from Monday open.
It did not make a higher target and ended with a Double Tops chart pattern and BEEB reversal setup which invalidated the 4H Swing.
This reversal happened at the Previous Price Action PPA level.
There was a TDI cross earlier and I know by now many of you have learned and knows how to spot those 'fakey' and avoid taking the TDI crosses setup.
Not a bad week as the 4H Swing lasted 4 days and I manage to capture the full run from Monday open.
It did not make a higher target and ended with a Double Tops chart pattern and BEEB reversal setup which invalidated the 4H Swing.
This reversal happened at the Previous Price Action PPA level.
There was a TDI cross earlier and I know by now many of you have learned and knows how to spot those 'fakey' and avoid taking the TDI crosses setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,185
- Sep 8, 2016 6:49pm Sep 8, 2016 6:49pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
NZDUSD Week 36 Sep 5 to 9 Big Picture and Trade Plan *update {image}
NZDUSD Week 36.
Traded according to my BPP and Trade plan.
Minimum floating loss this week.
Overall profitable week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
{quote} NZDUSD Week 36. Traded according to my BPP and Trade plan. Minimum floating loss this week. Overall profitable week.
Success means going from failure to failure without loss of enthusiasm
- #71,188
- Sep 8, 2016 7:11pm Sep 8, 2016 7:11pm
- Joined Nov 2008 | Status: Trader | 50,185 Posts
EUR/GBP diver 4h {image}
This is a very good example of how to spot Divergence following the price action patiently and let the trade opportunity develop ..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,190
- Sep 9, 2016 2:49am Sep 9, 2016 2:49am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,191
- Sep 9, 2016 2:57am Sep 9, 2016 2:57am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
{quote}Congratulations on your trades. I am a bit confused though where did your other trade come out as you said you still had one in there yesterday waiting for your final target the reason I notice is because of your post yesterday I was watching NzdUsd today: http://www.forexfactory.com/showthre...43#post9125943
That post was a D1 chart and there are some of us trading the D1 chart and I know a few are keeping open their positions for the higher target.
I only highlighted in that post that the market will not reverse in violent way so we must be careful when it reverses, hence we must look after the downside of our trades all the time and let the market decide the upside.
For my 4H swing trades, I close my basket when the 52-weeks ATR of 197 pips was reached. That is 100% of the 52 week ATR. In strong trend , it can reach 120% of that 197pips.
For D1 chart Position traders, there dominant trend is still bullish and this is something we wait and see how this week will close and then plan for next week trading.
The Weekly chart is bullish, but we must be prepared for a bearish next week and we probably see that in H4 better and take a counter trend swing next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #71,193
- Sep 9, 2016 3:08am Sep 9, 2016 3:08am
- Joined Nov 2008 | Status: Trader | 50,185 Posts
Learn to trade TMS in the proper way.
Look at the EURGBP H4 example below.
TMS traders wait to see when there is buying at support, then look for the 5-Method setup candle.
We do not buy at some imaginary pivot S38 or R61. We need to see the last reversal, if there are big candles and small candles. Read post#647.
Below is EURGBP H4 chart,
there was a TDI cross but there was no buy setup candle.
there was PPA to help use see the support.
Look at the EURGBP H4 example below.
TMS traders wait to see when there is buying at support, then look for the 5-Method setup candle.
We do not buy at some imaginary pivot S38 or R61. We need to see the last reversal, if there are big candles and small candles. Read post#647.
Below is EURGBP H4 chart,
there was a TDI cross but there was no buy setup candle.
there was PPA to help use see the support.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
