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Pro Trader
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Postby Pro Trader » Fri Jun 18, 2010 11:07 am

scheeco wrote:
Pro Trader wrote:
scheeco wrote:Took this one on EJ:
Analysis:
H4 - in the zone
H1 - short MOMO starting 4 candles back with H1 candles not able to close above H1 SHORT MOMO open price
- Last H1 was indecisive with big wick to the top rehected higher price
- bias is short with MOMO
M15 - 2 SEMA formed
- using RAT entry to short
Image

Comments and advise appreciated!


What do you mean by H4 in the zone?


I am quite anal about having a check list of sorts to fetermine the bias of the trade.
So H4 is my first check, as per Dragons advise, is when price is in the body range of an H4 MOMO candle. ( See the RED and GREEN fib lines at 0,50 and 100% levels).
This indicates that price is in the H4 zone - I think there is probably another term but none the less - this is my first check.
And then I go down the Time Frames as per Dragons instructions.

Image


Yes that makes sense now.

I only saw what you initially posted. I wasn?t able to see the larger H4 picture as I?m at work. No MT4 here unfortunately.

Thanks for clearing that up.

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Postby Pro Trader » Fri Jun 18, 2010 11:09 am

Double post
Last edited by Pro Trader on Fri Jun 18, 2010 1:57 pm, edited 1 time in total.

Pro Trader
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Postby Pro Trader » Fri Jun 18, 2010 11:12 am

Triple post
Last edited by Pro Trader on Fri Jun 18, 2010 1:58 pm, edited 2 times in total.

scheeco
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Postby scheeco » Fri Jun 18, 2010 11:13 am

Pro Trader wrote:
scheeco wrote:
Pro Trader wrote:
scheeco wrote:Took this one on EJ:
Analysis:
H4 - in the zone
H1 - short MOMO starting 4 candles back with H1 candles not able to close above H1 SHORT MOMO open price
- Last H1 was indecisive with big wick to the top rehected higher price
- bias is short with MOMO
M15 - 2 SEMA formed
- using RAT entry to short
Image

Comments and advise appreciated!


What do you mean by H4 in the zone?


I am quite anal about having a check list of sorts to fetermine the bias of the trade.
So H4 is my first check, as per Dragons advise, is when price is in the body range of an H4 MOMO candle. ( See the RED and GREEN fib lines at 0,50 and 100% levels).
This indicates that price is in the H4 zone - I think there is probably another term but none the less - this is my first check.
And then I go down the Time Frames as per Dragons instructions.

Image


Yes that makes sense now.

I only saw what you initially posted. I wasn?t able to see the larger H4 picture as I?m at work. No MT4 here unfortunately.

Thanks for clearing that up.

my pleasure mate - just doing everything Dragon advises.

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rushN4
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Postby rushN4 » Mon Jun 21, 2010 12:29 pm

my GU trades today... comments are welcome

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IN-XS
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Postby IN-XS » Mon Jun 21, 2010 1:16 pm

I was thinking something similar Rush, missed the first move, but got the next two.

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Postby IN-XS » Mon Jun 21, 2010 1:17 pm

Image

scheeco
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Postby scheeco » Mon Jun 21, 2010 3:29 pm

Nice trades Rush, IN-XS
I had limit orders on those but sadly they did not get filled!
09:00 Alert: GBPUSD H1: Three Inside Down Pattern - Top reversal(3rd Bear candle closes below prev. 2 lows=significant) so I thought bias will be SHORT already.

Oh well waited for another opportunity.
Analysis:
H4: In H4 zone
Previous H4 closed lower so BIAS is Short
H1: H1 MOMO Short
Next H1 closed below 50% fib level
Bias is SHORT
M15: 1 Sema formed in H1 fib zone
Using Rat Limit entry
Image

Exit: Lower 1 Sema formed
Image

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IN-XS
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Postby IN-XS » Mon Jun 21, 2010 5:50 pm

Thanks Scheeco,

This is my last trade of the day, it took forever to get this far though, very slow movement today.

Image

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IN-XS
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Postby IN-XS » Mon Jun 21, 2010 5:52 pm

Just as I posted this, price has finally reached my target, could have got a few more pips, but I have had enough for today.

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