While doing my top down analysis this weekend, I noticed that the ADR for G/J has been running about 215 pips per day for the past 10 days (very similar to the EU/AU that I traded last week). When I printed out the upcoming news releases for the ...

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[quote=Tanglewood;7253083] I have the charts of 6 pairs set up on my platform.....GU, EU, AU, GJ, EJ & EA. You are correct, the EJ has had the highest ADR for a while but recently EA has had lots of movement. Success to you.....

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[quote=Ryukenden;7252897] You answered your own question. When I do my weekly "Top Down" analysis, I check the ADR for each of the pairs that I follow. I then look at trends, S/R area, upcoming news, recent candle formation, if the TDI is going ...

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The London session is the middle of the night for me. I catch a few hours of sleep before it opens and set an alarm to get up and trade the LO. In answer to your question, I was asleep when the TDI crossed.

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There was lots of movement in the EU/AU pair this week. The Average Daily Range for the past 5 days is 206 pips per day.....lots of room to make some pips. I somehow feel like I overtraded this week but when I look at the trades, they are all taken ...

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I assume you are asking about the double top marked on the chart. That occurred prior to LO the previous day and I didn't considered that a strong resistance because it occurred over 24 hours earlier. I did consider several things in taking this ...

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A couple more trades on EU/AU H1 since the last post, including a break above the trendline....entered shortly after LO. image Three trades this week on EJ H1, including the big move down following LO this morning. A market harmonic move with the ...

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I enter every H1 trade with a 50 pip TP and a 50 pip EMERGENCY SL. I then adjust both as needed. In the case of the last two trades, I monitored both until I was in profit +21 pips, at which time my EA moves the SL to BE. The LO trade is middle of ...

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A couple more trades on EU/AU H1.....one at LO and the other on a retracement back toward the trendline at NY open. Waiting for a possible short entry off the double top that was just set (need a new red candle and TDI must confirm entry). image

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And one more trade for 80 pips on a bounce off the trendline with TDI confirmation. Headed for bed so I closed the trade at resistance but I would not be surprised if price continued on down. There isn't really any reason to expect a reversal. A ...

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One more trade on the EUR/AUD to finish the day. I noticed it setting up while at work so I entered on a M15 PCRF and the trendline still not broken, with a target of 40 pips due to the reduced volume. It worked out well for me..... image

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You are correct about the trendline and divergence......some good EJ trading on your part, as well.

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Two trades today. EJ H1 Asian session trade based on a nice pinbar on H4 and a PCRF on H1 (aggressive entry). image EA H1 Trend was down and TDI green & red were below yellow so I made entry on a pullback from the candle that set the London high ...

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NICE TRADING IMI!!!

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I do not use the M15 for exits. I have to see a long pullback on the H1 (depending on how many pips in profit I am) or a closed change of candle color if the candles are getting smaller.

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Lane's explanation is spot on....also, I was asleep at the Frankfurt Open and did not see it. Even if I had, I would not have taken it based on the bearish downtrend that had formed and the tendency of the London Open to create a "fake out candle" ...

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Lane, Please notice the solid white line I placed above that trade and the previous one. There was a triple top plus 2 more candles that almost touched that line without breaking it. That indicated a downturn coming. The TDI had just pulled back ...

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Done for the week. A very nice channel breakout this morning at LO. Everyone have a nice weekend. image

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Not much volume or market movement....look at the 3 candles that formed the PCRF and the entry candle....all have long wicks as both ends. Also, look at the TDI....all three lines are hanging out at the 50 line....a sign of consolidation. Price may ...

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There are always other factors involved in taking any trade. If you are asking if I could predict that this trade would be successful, the answer is NO. No one can predict exactly what the market will do. However, based on the explanation I already ...

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