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  • #1,061
  • Jun 27, 2018 5:37am Jun 27, 2018 5:37am
Quoting pips29
What's happening to TMS thread?
Nothing, I think. Healthy debate is always good to human civilization.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,062
  • Jun 27, 2018 5:47am Jun 27, 2018 5:47am
Quoting heispark
Watching GU carefully.... may have a decent intra-day movement sooner or later..... waiting for a good wave... {image}
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,063
  • Jun 27, 2018 7:42am Jun 27, 2018 7:42am
Quoting heispark
{quote} Now, it's temporarily looks overbought... {image}
Updated. For me, until UK OIL catches up with US OIL, it's sell only or at least not buy. IMHO, OIL is unique in which correlation works best...
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,064
  • Jun 27, 2018 8:28am Jun 27, 2018 8:28am
Quoting heispark
Regarding Strat's PASR method (https://www.forexfactory.com/showthread.php?t=708441), i am a bit skeptical about candle patterns he uses. If I ever watch candle patterns, they will be pin bar and inside bar only as Niel Fuller does. I don't see statistical edge on other patterns. Even pin bar and inside bar don't look have enough edge. Especially, pin bar is often be used by stop hunters as many retailers attempt to use it now. Also, it seems Strat has posted only a few live trading setups (some of them failed). Hind sight trades always...

I followed Thomas Bulkowski and he did a lot of studies of various candlestick pattern and their %probabilities.
example:
http://thepatternsite.com/ShootingStar.html

As for trading TMS with the TDI, my experience is to use the engulfing bar/candle and engulfing outside bar/candle, these usually show good TDI Green slope as the momentum.

The other rare pattern is the DBHLC and DBLHC which can be reversal and also continuation setup conditions.

There are more complex reversal patterns - 3 bars and 5 bars.

Well, 20:20 is easy to talk about in forums. People will make all sort of excuses not posting in realtime making excuses that it is signal service, etc.
I see nothing wrong to post analysis and trade ideas, plans etc. and let people see for themselves if the see the same and would take the trades.

Anyway it has become Fun Factory in most forums here. SHF is very different with their moderators.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,065
  • Jun 27, 2018 9:23am Jun 27, 2018 9:23am
Quoting emmanuel7788
{quote} I followed Thomas Bulkowski and he did a lot of studies of various candlestick pattern and their %probabilities. example: http://thepatternsite.com/ShootingStar.html As for trading TMS with the TDI, my experience is to use the engulfing bar/candle and engulfing outside bar/candle, these usually show good TDI Green slope as the momentum. The other rare pattern is the DBHLC and DBLHC which can be reversal and also continuation setup conditions. There are more complex reversal patterns - 3 bars and 5 bars. Well, 20:20 is easy to...
In my view, candle patterns have two issues:

1. Provability: 50% is same as coin tossing. People would expect over 60% (preferably over 70%) of provability, but I don't think they have this high provability these days.
2. RR: As Steve Nison admitted, when candle patterns identified (candle close), often their RR is just so-so. That's why people usually want to wait some pull-back (about 50%) to have better RR. This should be one of the reasons you adopted ME/ME approach. Ignorant people just don't understand it.

FF is now less exciting place to me, but I still find some values, especially regarding the MT4 charting tools/accessories thanks to generous coders here.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,066
  • Jun 27, 2018 11:22am Jun 27, 2018 11:22am
South Korea sent Germany packing
the cautious seldom err....C
  • #1,067
  • Jun 27, 2018 11:38am Jun 27, 2018 11:38am
Quoting pips29
South Korea sent Germany packing
Oh, unexpected result. I heard people were noisy outside... that's why...
I don't watch World Cup anyway.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,068
  • Jun 27, 2018 12:04pm Jun 27, 2018 12:04pm
Quoting pips29
back to trading after a break.. {image}
trade did not work out and was pleased to take it out at b/e
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the cautious seldom err....C
  • #1,069
  • Jun 27, 2018 6:53pm Jun 27, 2018 6:53pm
Quoting heispark
{quote} Oh, unexpected result. I heard people were noisy outside... that's why... I don't watch World Cup anyway.

Yea, I was hoping the Germans to get their act together and put up a stella performance to turn things around and make it to the last 16.
But they did not play like they used to. Their 'machinery' did not get the 'oil' they needed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,070
  • Jun 27, 2018 10:18pm Jun 27, 2018 10:18pm
AU
Show is nearly over and currently @ strong support but it may squeeze some last momentum to complete the harmonic (it would also help wipe out bottom pickers stacked around the previous swing low before moves up).....
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,071
  • Jun 29, 2018 4:46am Jun 29, 2018 4:46am
95 is proving a tough nut to crack for the $
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the cautious seldom err....C
  • #1,072
  • Jun 29, 2018 5:04am Jun 29, 2018 5:04am
Looking at the weekly, price has rejected the top and looking the same for this week, on the daily price is now trading below the 10 ema and I suspect price will come down to test the previous swing high..on lower tf like the 1 hour price has already printed LH,LL and I entered a short at the rejection of the 34 ema on the 15 min...I will be surprised if price can test 1.3380 again before testing the swing high
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the cautious seldom err....C
  • #1,073
  • Jun 29, 2018 7:39am Jun 29, 2018 7:39am
added more entries on the loonie and had taken some profits..my platform froze and so I could not take profits at lower levels..I therefore leave one entry for lower target and will lock in at b/e+ asap
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the cautious seldom err....C
  • #1,074
  • Jun 29, 2018 8:18am Jun 29, 2018 8:18am
just taken 50% off the entry left and locked in at b/e+..target is the previous swing high
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the cautious seldom err....C
  • #1,075
  • Jun 29, 2018 9:56am Jun 29, 2018 9:56am
was about 12 pips from target when price started retracing up...that's when I called it a day...quite a good trade after all
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the cautious seldom err....C
  • #1,076
  • Jun 29, 2018 10:01am Jun 29, 2018 10:01am
I have just taken a short trade with eur/aud...the upper wicks show sellers and I am following what I see..there is another order above
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the cautious seldom err....C
  • #1,077
  • Jun 29, 2018 10:54am Jun 29, 2018 10:54am
Quoting pips29
I have just taken a short trade with eur/aud...the upper wicks show sellers and I am following what I see..there is another order above {image}
locking in at b/e+ and target set...removing pending order as well...have a good weekend..,cheers
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the cautious seldom err....C
  • #1,078
  • Jun 29, 2018 12:16pm Jun 29, 2018 12:16pm
Quoting pips29
I am having a torrid time with one broker's platform...not sure if it's because of this {image} {image}
not as good as previous months as I did not trade for more than a week but still very happy
Attached Image
the cautious seldom err....C
  • #1,079
  • Jun 29, 2018 8:04pm Jun 29, 2018 8:04pm
Quoting pips29
{quote} not as good as previous months as I did not trade for more than a week but still very happy {image}
Simply awesome!!!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,080
  • Jun 29, 2018 10:36pm Jun 29, 2018 10:36pm
Why NZD is so weak? Trade War of course! Ever read a news paper? When Fed rate hike was 99% guaranteed long ago, he said FED wouldn't raise rate at that time. Hilarious. His fundamental analysis also has a flaw.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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