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Re: Daily and 4hr Trades for 2010 [message #50996]

Tue, 09 March 2010 07:55

arshad

Messages: 449
Registered: September 2009
Location: Durbs

Senior Member

tank,

what about the Sell Setup {SS} in the Daily of the same pair...?
just pulling your leg... Smile

for that SS Signal appeared at 2am CAT {our time} and we were all asleep... Crying or Very Sad

having said that, should that red of the current bar be erased and it close up green for the day, then i have a Buy Stop in the market to catch the ride north. Smile

Attachment: USD-JPY SS Daily 8Mar.png
(Size: 3.24KB, Downloaded 708 time(s))

[Updated on: Tue, 09 March 2010 07:57]

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Re: Daily and 4hr Trades for 2010 [message #50999]

Tue, 09 March 2010 08:36

arshad

Messages: 449
Registered: September 2009
Location: Durbs

Senior Member

Hi traders Smile

Look at the 4hr chart of the AUD/USD pair...

what do you see ??? the last 4hr bar closed green, yes ?
what else did you notice ??? the trend in the 4hr is Up, right ?
this tells me that price action is in the hand of the bulls,

now pull up the 1hr chart...
what do you see ??? the last two hourly candles have BT's...and what is this telling us...? they are saying that the battle for control is furious, so lets take a look at the X-ray timeframes such as the 5min's,

pull up your 5min chart,
what do you see ??? the 200b SMA is repelling every advance to it since this morning, currently the 3rd assault on this major resistance is underway with TT's and BT's on both sides...bears and bulls.

what to do ?
{1} we will wait for a clear breakout above the 200bSMA and for a Bullish bar in the 1hr that closes higher than the high of the last 3 bars before going long, or
{2} we can go long now with stops below the low of the last two bars, depending on whichever low is lowest, or
{3} we can buy now in the 4hr and place our Stop Loss below the last green bar or below the low of prior red bar depending on which bar has the lowest low,
{4} we can go long when the high of the last 4hr bar green bar is breached.

i chose {1} above which means that i'm long now... Smile

as the high has just been exceeded while i'm typing this.

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Re: Daily and 4hr Trades for 2010 [message #51003]

Tue, 09 March 2010 09:21

sums191

Messages: 220
Registered: August 2009
Location: n/a

Senior Member

Excellent call and timing Arshad. Break out took place just after I read the post Wink

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Re: Daily and 4hr Trades for 2010 [message #51007]

Tue, 09 March 2010 10:19

arshad

Messages: 449
Registered: September 2009
Location: Durbs

Senior Member

Traders,

here is the break-out above the 200b SMA resistance on the 5min's and the subsequent re-test that held which confirmed that the break-out was valid and genuine.

we can also see a Buy Setup and that was another Long Entry Signal Smile

OK, i've had enough for today, i am closing all my longs on the AUD/USD now.

index.php/fa/2695/0/

Attachment: AUD-USD 200b SMA S&R.png
(Size: 15.35KB, Downloaded 616 time(s))

[Updated on: Tue, 09 March 2010 10:21]

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Re: Daily and 4hr Trades for 2010 [message #51009]

Tue, 09 March 2010 10:31

arshad

Messages: 449
Registered: September 2009
Location: Durbs

Senior Member

actually there was another trade that i closed earlier, here is the full result for today.

What i am trying to show with is that, if i feel very strongly about a trade or it's direction, then i may enter multiple times.

These re-entries can all stand their ground under my scrutiny, i.e. should i ask each one in turn why they bought then each of them can show me graphically on the chart of their timeframe the reason/s.

PS: keep an eye the approaching Reversal Time and make that the 8am bar {GMT}

index.php/fa/2697/0/

Attachment: AUD-USD Long results.png
(Size: 6.63KB, Downloaded 584 time(s))

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Re: Daily and 4hr Trades for 2010 [message #51011]

Tue, 09 March 2010 10:50

tank

Messages: 2005
Registered: September 2007
Location: Richards Bay

Senior Member

Bummer, i missed some action Smile

was on my way to our satelite office in Hluhluwe, loads of roadworks and clients waiting Confused

the joys of a day job Very Happy

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Re: Daily and 4hr Trades for 2010 [message #51016]

Tue, 09 March 2010 11:28

arshad

Messages: 449
Registered: September 2009
Location: Durbs

Senior Member

here is an expanded view of the top chart on this page 36 of USD/JPY Daily Chart and how to put together the various elements of our System.

this is today's chart and the SS is still in play. Sad

Attachment: 200b SMA Power on Daily USD-JPY.png
(Size: 17.66KB, Downloaded 552 time(s))

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Re: Daily and 4hr Trades for 2010 [message #51019]

Tue, 09 March 2010 11:59

tank

Messages: 2005
Registered: September 2007
Location: Richards Bay

Senior Member

nice TT on the usd/cad 30 min

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Re: Daily and 4hr Trades for 2010 [message #51020]

Tue, 09 March 2010 12:26

tank

Messages: 2005
Registered: September 2007
Location: Richards Bay

Senior Member

WTI (nymex) gave a buy signal on the 30 min chart, right on the 200sma but the other sma's arent trending up, bigger timeframes show slight up momentum tho. looks like its going to close red, so not worth taking

[Updated on: Tue, 09 March 2010 12:28]

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Re: Daily and 4hr Trades for 2010 [message #51078]

Wed, 10 March 2010 07:39

tank

Messages: 2005
Registered: September 2007
Location: Richards Bay

Senior Member

did any one else take the long on the usd/jpy 4 h chart early last night? I took it but with very small risk because the timeframes were quite mixed..

usd/chf looks like its about to give a long signal on the 1 hour chart, has already on the 4h

[Updated on: Wed, 10 March 2010 07:57]

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Re: Daily and 4hr Trades for 2010 [message #51084]

Wed, 10 March 2010 08:18

keltan

Messages: 124
Registered: January 2010
Location: Durban

Senior Member

Hi Tank

Before you go long in the CHF watch the resistance on the 200b MA in the M5 time frame - the price has been struggling to break through since yesterday afternoon

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Re: Daily and 4hr Trades for 2010 [message #51085]

Wed, 10 March 2010 08:18

Richie Rich
Messages: 179
Registered: August 2009
Location: South Africa

Senior Member

Tank,

I'm still in the trade, did you took it?

$455,17 UP so far.

RR

Attachment: Forex.jpg
(Size: 56.66KB, Downloaded 440 time(s))

If a price of a share does not go up or down I'm positive it will stay flat.

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Re: Daily and 4hr Trades for 2010 [message #51093]

Wed, 10 March 2010 08:49

tank

Messages: 2005
Registered: September 2007
Location: Richards Bay

Senior Member

thanks keltan, i'm only in small. yes richie i'm still in but on much less profit Very Happy

took small risk from the start and some profit this morning

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Re: Daily and 4hr Trades for 2010 [message #51096]

Wed, 10 March 2010 09:01

arshad

Messages: 449
Registered: September 2009
Location: Durbs

Senior Member

Well Done Keltan, tank and Richie Rich, Cool

I did not trade yesterday after my last entry here so i did not take that USD/JPY long, however, i have a Buy Stop in the market that i placed this morning...please see the Daily Chart below.

Needless to say this Buy Stop is based on the Daily Chart.

The reason why i placed this long entry order in the market is i won't be able to watch it today.

index.php/fa/2716/0/

Attachment: USD-JPY Buy Stop order Daily chart.png
(Size: 4.38KB, Downloaded 606 time(s))

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Re: Daily and 4hr Trades for 2010 [message #51099]

Wed, 10 March 2010 09:21

tank

Messages: 2005
Registered: September 2007
Location: Richards Bay

Senior Member

ive taken profits on jpy a few minutes ago, will look to re-enter. hoping dow will pull back and give the buy signal, dont want to miss the move up but i'm also not going to just buy Razz

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Re: Daily and 4hr Trades for 2010 [message #51107]

Wed, 10 March 2010 10:31

Zaid

Messages: 61
Registered: August 2008

Member

Hello all ...
Gold buy 30 mins
index.php/fa/2718/0/

Attachment: gold buy 30 mins.png
(Size: 1.14KB, Downloaded 332 time(s))

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Re: Daily and 4hr Trades for 2010 [message #51109]

Wed, 10 March 2010 10:46

EMGEE

Messages: 33
Registered: May 2008

Member

GBPJPY Sell on 5min chart
EURUSD sell on 5min chart, I think Rolling Eyes

. Any comments please..

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Re: Daily and 4hr Trades for 2010 [message #51112]

Wed, 10 March 2010 11:14

EMGEE

Messages: 33
Registered: May 2008

Member

Both got stopped out Sad

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Re: Daily and 4hr Trades for 2010 [message #51115]

Wed, 10 March 2010 12:02

tank

Messages: 2005
Registered: September 2007
Location: Richards Bay

Senior Member

eur/ usd sell signal on 15 minute at 30 min charts

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Re: Daily and 4hr Trades for 2010 [message #51117]

Wed, 10 March 2010 12:17

T2TWELL

Messages: 27
Registered: August 2009
Location: Siuth Africa

Junior Member

Was out for 4hrs and most profits erased. Tank/arshad how do u guys lock in profits here/ track the 1hr lows maybe if you trade the 4hr chart?

index.php/fa/2720/0/

Attachment: USDCHF 4hr trade.PNG
(Size: 18.35KB, Downloaded 280 time(s))

[Updated on: Wed, 10 March 2010 12:19]

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