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  • #76,761
  • Mar 8, 2017 2:46am Mar 8, 2017 2:46am
Quoting ezcurrency
Here is a good trade on all fronts, so thought I'd post as an example EURAUD long Fundamental: China trade balance HUGE miss today --> AUD bearish Daily chart: broke TL up, retrace to test it, and heading up: {image} 4 hr above weekly and monthly pivot consolidation, TDI and AO heading up: {image} HA and TDI heading up from weekly down to 1 hr: {image} 10 pip range bars above cloud, and AO + {image} 3 pip range bars above cloud and heading up: {image} I already bought/sold for +30 pips, but after taking another look decided to enter small for a...
wow
do you keep track of all those different frames and charts for many pairs?
  • #76,762
  • Mar 8, 2017 2:55am Mar 8, 2017 2:55am
Look like it's going down.


Attached Image (click to enlarge)
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  • #76,763
  • Mar 8, 2017 3:01am Mar 8, 2017 3:01am
Quoting bistolis
{quote} wow do you keep track of all those different frames and charts for many pairs?
Yep! About 25 or so
  • #76,764
  • Mar 8, 2017 3:04am Mar 8, 2017 3:04am
Quoting inforserve
Look like it's going down. {image}

With Tokyo market closed now, it looks better when the European traders will decide now and until the NY session opens a new group of buyer/sellers will come into the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,765
  • Mar 8, 2017 3:13am Mar 8, 2017 3:13am
just went selling EU, GU and buying UJ.... if any one else has other ideas?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,766
  • Mar 8, 2017 3:19am Mar 8, 2017 3:19am
Quoting emmanuel7788
just went selling EU, GU and buying UJ.... if any one else has other ideas?
morning

woke up with a good headache and can hardly work or pay attention to charts

everyone is buying USD today?
  • #76,767
  • Mar 8, 2017 4:05am Mar 8, 2017 4:05am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 73 KB
Quoting emmanuel7788
just went selling EU, GU and buying UJ.... if any one else has other ideas?
I sell gbpusd too
  • #76,768
  • Mar 8, 2017 4:43am Mar 8, 2017 4:43am
Quoting emmanuel7788
just went selling EU, GU and buying UJ.... if any one else has other ideas?
Hi Emmanuel,

since yesterday D1 closed under the Bar from 3th march I'm building a sell position, under monthly swing-level, under BRN and TDI-bounce, also some room to go down , on the big picture monthly/weekly are under MA 10, last weekly candle closes the range several weeks before. Also COT-Data signs that GBP down and USD up.

regards

Thorsten

entry-screen
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weekly-monthly

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COT Data USD GBP

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Attached Image (click to enlarge)
Click to Enlarge Name: COTGBP.JPG Size: 93 KB
  • #76,769
  • Mar 8, 2017 4:56am Mar 8, 2017 4:56am
Quoting emmanuel7788
just went selling EU, GU and buying UJ.... if any one else has other ideas?
EURUSD and USDJPY is not for me in the moment, but I only tradeon D1, I think your trades will be on lower TFs?

on EURUSD I'm waiting that market will close with D1-candle under 1.0500, this will also be a break out of the range from the candle of 3th march. USDJPY on D1 imo to much traffic to the left to find a good entry at the moment, must see a clear candle out of the weekly candle from week 4 this year...

regards
  • #76,770
  • Mar 8, 2017 5:18am Mar 8, 2017 5:18am
Quoting Deichkind
{quote} Hi Emmanuel, since yesterday D1 closed under the Bar from 3th march I'm building a sell position, under monthly swing-level, under BRN and TDI-bounce, also some room to go down , on the big picture monthly/weekly are under MA 10, last weekly candle closes the range several weeks before. Also COT-Data signs that GBP down and USD up. regards Thorsten entry-screen {image} weekly-monthly {image} COT Data USD GBP {image} {image}

For COT use this link:

http://www.cmegroup.com/tools-inform...raders-fx.html

you want training video to explain COT, PM me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,771
  • Mar 8, 2017 5:39am Mar 8, 2017 5:39am
Quoting emmanuel7788
{quote} For COT use this link: http://www.cmegroup.com/tools-inform...raders-fx.html you want training video to explain COT, PM me.
thanks for the link. I will PM for some info

dug up this nice read out of older posts
Attached File(s)
File Type: pdf 10 Ways to Simplify Your Trading.pdf   89 KB | 921 downloads
  • #76,772
  • Mar 8, 2017 5:58am Mar 8, 2017 5:58am
Quoting emmanuel7788
{quote} the thread is there moved to the Commercial Content forum by FF Admin. nothing has changed the way he trade H1 and H4, it is up to the people to read that thread and ask questions. most questions have been asked and answere many time there. The same here in this thread, same questions, different people, same answers over and over again. When I repeat answering all the same questions in the past 5 years, I become better and better. I see more and more what many do not see. It is the 3rd eye. Yes, I am trading H1 the way X-Man taught. ......

Thx alot,i admire you for your passion to answer all the time to all people. I am reading this thread every day ,sometimes its a pitty that people are loosing here time with discues who said what and who is right and who is not ....i think we all learn more if we will share our trades ,ideas and discues about it like a team and not like enemies:-)). Have a good day
  • #76,773
  • Mar 8, 2017 7:43am Mar 8, 2017 7:43am
hi

how do we take advantage of this double inside bar and now bullish engulfing, on the daily EURJPY
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  • #76,774
  • Mar 8, 2017 8:10am Mar 8, 2017 8:10am
Quoting bistolis
hi how do we take advantage of this double inside bar and now bullish engulfing, on the daily EURJPY {image}
I think we should wait at a breakout now out of the big bar to the left
  • #76,775
  • Mar 8, 2017 8:16am Mar 8, 2017 8:16am
Quoting bistolis
hi how do we take advantage of this double inside bar and now bullish engulfing, on the daily EURJPY {image}
If not mistaken Look like more to the upside direction
Early bird gets the worm
  • #76,776
  • Mar 8, 2017 8:59am Mar 8, 2017 8:59am
Quoting bistolis
hi how do we take advantage of this double inside bar and now bullish engulfing, on the daily EURJPY {image}
You are inside that big candle range, should not take D1 trades, move to 4 hours you can see a bearish divergence may be forming.
  • #76,777
  • Mar 8, 2017 9:25am Mar 8, 2017 9:25am
Looks like this, looks like that.............. I read many times....... The lower the timeframe the more "looks like this". Does that make sense? Try it first on the D1 candle on the demo with as less indicators. Only TDI and Price Action HA candles. Forget all others like EMA5, Stochastics, "support and resistance levels". Keep it simple. Of course there are losing trades, I hate that too but you can't avoid that. Sometimes I am in position for 2 weeks, sometimes even for 4 or 5 weeks. Be patient. I know, it's hard but when you are trading on higher timeframes you have to set your stoploss much further than when you are trading on H1 or lower.
Keep it simple without too many crappy indicators!
  • #76,778
  • Mar 8, 2017 10:47am Mar 8, 2017 10:47am
Also my advice: study price action. Look at Daily and 4 hr charts and think "if I were long, where would I put my SL" and "If I were short, where would I put my SL".

Last night shorted AU because:
1) Weak fundamental data for China (AUD negative)
2) USD will probably raise rates 3x this year (USD positive)
3) AU trending down on W, D, 4 hr
4) AU break 1 hr trendline, and TDI sell signal

I shorted, and put TP at previous lows. That is because "If I were long, I would probably put my SL below previous swing lows." Most traders think this way. Market likes to hunt SL.

So I put my TP there, and it got hit for about 40 pip gain.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 133 KB


Easy pips when everything lines up. Do your analysis: top down approach from higher TF's, and also look at fundamentals. When all align, look for trade signals on shorter TF (like 1 hr). Think where SL are and put your TP there.

EZ
  • #76,779
  • Mar 8, 2017 11:00am Mar 8, 2017 11:00am
Hi traders. Found an on-line chart that's been programmed to help you identify which pairs correlate with each other. eg: EURUSD & USDCHF.
http://www.currensys.com/correlation.php

Instruction manual
http://www.currensys.com/resources/C...0Explained.pdf Page 7-9.
Play the hand you were dealt.
  • #76,780
  • Mar 8, 2017 11:13am Mar 8, 2017 11:13am
These are my trades for this week, good luck to all!!!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDH4.png Size: 28 KB
Click to Enlarge Name: GOLDH4.png Size: 44 KB
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