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  • #18,121
  • Oct 27, 2014 1:04pm Oct 27, 2014 1:04pm
Many gaps on M5. I'm afraid its gonna fall again.
No guts, no glory
  • #18,122
  • Oct 27, 2014 5:44pm Oct 27, 2014 5:44pm
Long trade taken @1226.19 for Asian session. S/L 1219

Reason - Sutable red signals aligned on h4 chart (dotted verticle line) plus the smaller t/f for optimum entry hopefully. H4 chart attached

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 15 KB
  • #18,123
  • Oct 27, 2014 7:17pm Oct 27, 2014 7:17pm
Quoting Landline
Long trade taken @1226.19 for Asian session. S/L 1219 Reason - Sutable red signals aligned on h4 chart (dotted verticle line) plus the smaller t/f for optimum entry hopefully. H4 chart attached {image}
Where can I get your indicators mate?

Support now is at 1222-1223. Hopefully after that will be going up again..
  • #18,124
  • Oct 27, 2014 8:39pm Oct 27, 2014 8:39pm
This is the obvious reason why I love SMA(555) so much.

Neat support has arrived, even though its minor, not major, yet, SMA(555) got what it deserved.
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 22 KB
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  • #18,125
  • Oct 27, 2014 8:43pm Oct 27, 2014 8:43pm
Neat support on VVSA-M30 as visible.
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 19 KB
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  • #18,126
  • Oct 27, 2014 9:49pm Oct 27, 2014 9:49pm
@ 1230

Entered a small set of test longs.. these are without SL. I will build going forward over the next 24-48 hrs. I would prefer small bottom-outs on VVSA to buy more.

Logic: Previous post and IF a final bottom-out is pending, its not too far, not way below 1200.
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  • #18,127
  • Edited 11:23pm Oct 27, 2014 11:10pm | Edited 11:23pm
I'm amazed by everyone's work ethic here, great job!

I'm still looking at the 61.8 retrace on the 1D TF. From an EW point of view either we already had a 3-wave correction to 38.2 or this is part of a 5-3-5 to 61.8. (EW is always correct post PA or should that be post mortem.)

Recall, history is on the side of a 61.8 retrace. However, I'm not sure about Fundamentals?
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  • #18,128
  • Oct 27, 2014 11:21pm Oct 27, 2014 11:21pm
Quoting ClockTrader
@ 1230 Entered a small set of test longs.. these are without SL. I will build going forward over the next 24-48 hrs. I would prefer small bottom-outs on VVSA to buy more. Logic: Previous post and IF a final bottom-out is pending, its not too far, not way below 1200.
> IF a final bottom-out is pending, its not too far, not way below 1200.

----> BADLY need to wait for a bottom-out (preferably a major one) before I add longs.
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 18 KB
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  • #18,129
  • Oct 27, 2014 11:42pm Oct 27, 2014 11:42pm
The current PA is too confusing for me, can't understand the timing either. Can anyone throw light (beyond news)?
Hello World!
  • #18,130
  • Edited Oct 28, 2014 12:05am Oct 27, 2014 11:50pm | Edited Oct 28, 2014 12:05am
Quoting ClockTrader
The current PA is too confusing for me, can't understand the timing either. Can anyone throw light (beyond news)?
Dare I say it, but I'm looking at UJ on the 1D TF and it looks more correlated (locally) with AU than not?

We're in a big channel (1H TF), CT, by the look of it... a break-out low may take us to 61.8 retrace or a break-out high may see a shallow 38.2 correction before heading north.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 52 KB
  • #18,131
  • Oct 28, 2014 12:04am Oct 28, 2014 12:04am
Quoting griffinssoul
{quote} Dare I say it, but I'm looking at UJ on the 1D TF and it looks more correlated (locally) with AU than not? We're in a big channel (1H TF), CT, by the look of it... {image}
I think I have no choice but to wait for 2 more days.. Gonna trade light..

For now, I would like to wait until NY morning.
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  • #18,132
  • Oct 28, 2014 12:10am Oct 28, 2014 12:10am
Quoting ClockTrader
{quote} I think I have no choice but to wait for 2 more days.. Gonna trade light.. For now, I would like to wait until NY morning.
I really like your psych trade method (going in very light) that you mentioned previous. Hanging tough is the way to go on the 1D TF because it feels like too much is happening.
  • #18,133
  • Oct 28, 2014 12:29am Oct 28, 2014 12:29am
Quoting griffinssoul
{quote} I really like your psych trade method (going in very light) that you mentioned previous. Hanging tough is the way to go on the 1D TF because it feels like too much is happening.
Few years back I learned 1 thing, IF I can't understand PA, I should not trade, its so simple.

But, being a trader, watching & learning PA all the time, its not easy to not trade just coz PA doesn't fall in the frames of my analysis. So, realized, I should perhaps trade light when PA is beyond understanding.

That's why I tell newcomers to trade with pocket money for the first 1 - 2 yrs OR until they know what they are doing.

How long have you been in Forex?

Most of us are addicted to trading, its not easy to resist this feeling.
Hello World!
  • #18,134
  • Edited 1:05am Oct 28, 2014 12:40am | Edited 1:05am
Quoting ClockTrader
{quote} Few years back I learned 1 thing, IF I can't understand PA, I should not trade, its so simple. But, being a trader, watching & learning PA all the time, its not easy to not trade just coz PA doesn't fall in the frames of my analysis. So, realized, I should perhaps trade light when PA is beyond understanding. That's why I tell newcomers to trade with pocket money for the first 1 - 2 yrs OR until they know what they are doing. How long have you been in Forex? Most of us are addicted to trading, its not easy to resist this feeling.
I'm a newbie to Forex (I just downloaded MT4 the other day!)... so a few months... it sounds like you have been in Forex for a long time... Yep, I eat, sleep, and drink trading 24/7... (I would be a recovering addict but I don't want to recover )
  • #18,135
  • Oct 28, 2014 12:54am Oct 28, 2014 12:54am
dear Clock Trader

Can You explane your trading system to us for better understanding please

thank You
  • #18,136
  • Oct 28, 2014 1:20am Oct 28, 2014 1:20am
Quoting Lady broker
dear Clock Trader Can You explane your trading system to us for better understanding please thank You
For day to day trading I use VVSA-M15 till M30
For rallies I rely on VVSA-H1
For Seasonal trades I follow Golden seasons.

Check Post-1 of this thread.

I use free indi 'Better Volume'

Google "VSA" and related stuff and practice for 6 - 12 months.
Hello World!
  • #18,137
  • Oct 28, 2014 1:25am Oct 28, 2014 1:25am
Quoting ClockTrader
{quote} For day to day trading I use VVSA-M15 till M30 For rallies I rely on VVSA-H1 For Seasonal trades I follow Golden seasons. Check Post-1 of this thread. I use free indi 'Better Volume' Google "VSA" and related stuff and practice for 6 - 12 months.
...also there is a VSA thread here on FF : http://www.forexfactory.com/showthread.php?t=241760
  • #18,138
  • Oct 28, 2014 1:28am Oct 28, 2014 1:28am
Quoting Lady broker
dear Clock Trader Can You explane your trading system to us for better understanding please thank You
Are you a broker or someone like that? Tell us something..
Hello World!
  • #18,139
  • Oct 28, 2014 2:27am Oct 28, 2014 2:27am
H4 between support @ 1221 and resistance @ 1232
Price Broke down SMA 100 and tested it. now its trying to close above. if so, I think we'll have a bullish day at last. Otherwise I think it will go down to 1200-1210 area.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDrH4_oct28.png Size: 59 KB


PS : Largest H4 Candle unfortunately doesn't have the largest volume, but was followed by a big one with largest volume in the month.
No guts, no glory
  • #18,140
  • Oct 28, 2014 2:40am Oct 28, 2014 2:40am
Quoting abokwaik
H4 between support @ 1221 and resistance @ 1232 Price Broke down SMA 100 and tested it. now its trying to close above. if so, I think we'll have a bullish day at last. Otherwise I think it will go down to 1200-1210 area. {image} PS : Largest H4 Candle unfortunately doesn't have the largest volume, but was followed by a big one with largest volume in the month.
Thanks abokwaik. Your RSI diverg starts with higher vol, right? It looks like a linear decrease in vol across the diverg. This make a compelling case for a reversal (on that TF) the only thing is such signals tell nothing of timing? Sometimes they happen immediately other times they take a bit to kick in.
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