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Hey I was wondering if you guys could clarify what all pairs you trade and if you could give me your abbreviations for them. I was just having a little trouble following a couple things. Thanks.
 
Quote from yoohoo:

Ya missed a great signal on the 1 min - must do revision homework ;)

This is very important and I have covered it many times. Imagine this was a really fast fall so it becomes catching the falling knife... how do we qualify it as "high quality" and when do we reverse?

It's a high quality move because it's well formed... the bodies do not overlap and they form a continuous flow. Then change of colour and buy over the top. So buy over the Doji with a stop just under (which is triggered by a close below low of doji).

There is a retest of the lows but no lower close and MACD histo is helping you hold your nerve until attacks on the low reverse into tails and it starts up. Then the TF roll over is shown in the 5 min.

Willl this is probably your most important signal to recognise as it stands the best chance of catching an important reversal when a large move preceeds it.
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thanks for that YH.

Would have end up B/E on that trade, it became a 1-2-3 soon afterward, didn't enter.

YH, I know you pull da 4th touch on a wedge, but could you do that on a downward sloping channel or triangle? maybe with a little help with EMA or indictor? Just something more efficent than a 1-2-3
 
Quote from bkveen3:

Hey I was wondering if you guys could clarify what all pairs you trade and if you could give me your abbreviations for them. I was just having a little trouble following a couple things. Thanks.
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hi BKV,

HSIF8, is the Heng Seng Index Future, current month; that's the local index in Hong Kong.
 
Quote from bkveen3:

Hey I was wondering if you guys could clarify what all pairs you trade and if you could give me your abbreviations for them. I was just having a little trouble following a couple things. Thanks.
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the only thing we trade is the Eur/Usd

Willl has a special pass from the Chinese government as they want to know what to do with all the US$ they have accumulated. In order not to destabalise international markets they front it with questions about the HSI.

We tolerate Willl because he has a great take away. Everything else relates to EurUsd
 
Quote from Willleung:

thanks for that YH.

Would have end up B/E on that trade, it became a 1-2-3 soon afterward, didn't enter.

YH, I know you pull da 4th touch on a wedge, but could you do that on a downward sloping channel or triangle? maybe with a little help with EMA or indictor? Just something more efficent than a 1-2-3
More...

YH, is there such a thing as a more effient entry on this?please advice?
 

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Quote from Willleung:


YH, I know you pull da 4th touch on a wedge, but could you do that on a downward sloping channel or triangle? maybe with a little help with EMA or indictor? Just something more efficent than a 1-2-3
More...

yea sure
 
Quote from yoohoo:

the only thing we trade is the Eur/Usd

Willl has a special pass from the Chinese government as they want to know what to do with all the US$ they have accumulated. In order not to destabalise international markets they front it with questions about the HSI.

We tolerate Willl because he has a great take away. Everything else relates to EurUsd
More...

thanks blowing my cover, Chinese James Bond don't get as many ladies as the UK verison. :D

anyway, just glad to be on this tread.
 
Quote from Willleung:

YH, is there such a thing as a more effient entry on this?please advice?
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Not sure on exactly where you entered but if you want to enter before the fluid reversal you have TL's from lows for the 2 last bottoms.

The only way I trade these is touch if I have PIB and it has the feel of exhausion (time+distance+indicators) or reaction below the 1 min on a smaller tick chart.

Your exit should have been the break below the inverted hammer.
 
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