30 Pips A day Keeps the your money at bay

[modo]

Not sure if these are correct, but gold just hit D on the daily at 1188

And there is this possible short on the cadjpy

[Annihilat0r]

You are right, thats not a valid pattern. C is not valid.

It is not valid, because C is not the extreme point between C and D, right?

I want to settle this. When we have the XA-AB-BC-CD lines, those points have to be the extreme points [I]within those lines[/I], right ?

[kohfongf1]

Hi to all,

I am still very confuse with this XABCD pattern…have do some practice but all invalid…its there any specific time frame for this XABCD pattern??say 5m,15m,30m,1h,4h,daily…which one is more better time frame to trade…i lose about 80% of my trade last week…The problem is I dont knw how to pick a rgt point X,A,B,C,D…and also dont knw when is D will happen…Most of the time the price go higher than D or lower than D…ANYONE CAN HELP TO EXPLAIN MORE???I have bought the book “trade what you see”. hopefully, after reading and study the book i will have more clear about XABCD…

Thank you.

[speculant]

[QUOTE=TMoneyBags;189923]The CD Leg is >= 100% of AB (CD is 100-261% of the AB leg.

hi to all traders. TMB you are totally wicked dude…so far i was waching from the fence…have read the whole 300 pages + reading the BOOK now…first serious comment here so please excuse my english …somebody pleace explain how you measure 100-261 % cd leg…cheers…ohh i am probably the first Bulgarian around …yeah…

[Highlander27]

We were able to come out from the Neg positions we were in earlier with the D’s TMB posted. By the way this is HMB TMB trading pattern AKA cousin

The major mistake that TMB did was that he did not follow the trading time for D’s witch we have in our trading plan. There is a time period where the market creates D�s and always moves very violently. So remember because no matter how good the pattern looks there is always that time period you can check price history. So you won�t end up in a negative trade like we did today (-170 pips) then later find the true D formed at the [U]Right[/U] time period I�m going to give you.
I�m on Eastern Time

[U]TIME PERIODS OF TRUE D’s[/U]
2am-4am EST.
6am-8am EST.
10:30am-12pm EST.
6pm-8pm EST.

[U]FAKE OUT TIMES[/U]
9am-10am EST. is usually fake out where market makes a Lower or higher D
9pm-12pm

We were able to stay in the trades and recover because 1st it wasn’t the time period to trade and it usually makes a lower or higher D and I use some incators witch is the MACD (Moving Average convergence) & SSD (Stochastic Slow) combine with FIB’s witch gives me conformation where the market is going to turn around. TMB woke me up before our time to trade saying we where in some neg trades to see what we could do because im good using those indicators and knowing when to get out of a neg trade and his awesome at executing and seeing patterns. so you won’t see me here posting a lot. Final note we got lucky Thank GOD the maket retraced our way and we made some profit and could make more but thats not the point. Know the time period and use stop loss because if it is a true D you will usually have a long whick witch gives prices to move. If it wasn’t for the fact that D’s had formed at the right time period, we would have had to take the major negative loss. (price never moves in a straight line. Pipfinder305*)

For more information on how I use the MacD and SSD to confirm D points, just reply.

HMoneyBags, please provide more information on your use of MacD and SSD for confirming D points.

Thanks to you and TMoneyBags for sharing your work to date. How’s your new system coming along?

[willworkforpips]

Nice ones modo, Howd your play on gold come out? Ive been playing with it in usd and eur. So far Ive noticed it tends to spike over the fib levels, then fall back through, but very quickly. How did you pick your tp? Anyway, to stay on subject, here’s a formation coming on the daily gbpusd. Missed my entry by 10 pips today, but the tail on the candle is showing high resistance in that area. So Im leaving my order open, and hoping for the best.

[modo]

Nice ones modo, Howd your play on gold come out? Ive been playing with it in usd and eur. So far Ive noticed it tends to spike over the fib levels, then fall back through, but very quickly. How did you pick your tp? Anyway, to stay on subject, here’s a formation coming on the daily gbpusd. Missed my entry by 10 pips today, but the tail on the candle is showing high resistance in that area. So Im leaving my order open, and hoping for the best.

Thanks mate,

I’m short at 1187, so have about 15 points. First profit target is .382XA or 1137.

[modo]

Thanks mate,

I’m short at 1187, so have about 15 points. First profit target is .382XA or 1137.

Sorry, should read .382AD (not .382XA)

[modo]

i got spooked and closed the cj at CD=AB.

a bit earlier than originally planned but not much.

[modo]

@modo

i got spooked and closed the cj at CD=AB.

a bit earlier than originally planned but not much.

Also, bidding for some euraud at the next convergence as i got stopped out on the 2/5 balance i was runnding from the previous pattern. Shame it didn’t continue, thank god i at least took partial profit on the spike.

[modo]

Nice ones modo, Howd your play on gold come out? Ive been playing with it in usd and eur. So far Ive noticed it tends to spike over the fib levels, then fall back through, but very quickly. How did you pick your tp? Anyway, to stay on subject, here’s a formation coming on the daily gbpusd. Missed my entry by 10 pips today, but the tail on the candle is showing high resistance in that area. So Im leaving my order open, and hoping for the best.

Thanks for this, I actually took it…twice…but closed out immediately for a 4 pip loss because I was too fearful. Noticed it late and felt rushed, hadn’t done my own top down analysis, and was clearly indecisive.

Of course now it’s up 40 pips hehe, oh well, safety first, I hope you made some pips.

[willworkforpips]

I did take it, closed 1 possition out for 30 pips in the spirit of this thread, letting the other one run to see if I can hit the 1.535 zone. It was a little scary there when it hit. Thanks for the tip on the euraud. Who do you guys use for rate alerts? My broker cant seem to get one to me.

[modo]

I did take it, closed 1 possition out for 30 pips in the spirit of this thread, letting the other one run to see if I can hit the 1.535 zone. It was a little scary there when it hit. Thanks for the tip on the euraud. Who do you guys use for rate alerts? My broker cant seem to get one to me.

Great stuff, good on you.

I’m not sure if the euraud is such a great idea, obviously it’s buying into the mother of all downtrends, so take it with a grain of salt. Probably better trades out there, not even sure it i’ll take it myself. Might call it a week.

[willworkforpips]

I agree, I think the smarter move is to use this to buy into trends. However, Im expecting to see some anti-usd moves over the next day or two. My current oppinion is that traders are holding the euro down and forcing it lower playing the who’s ecomony is worse game. An old trader friend said it pretty well “The Euro is getting killed 1.280 by a bankrupt currency… LOL, I suspect each will get their turn to die. Buy gold”

[LUD]

i´m also expecting some usd weakness coming days/weeks, it just makes sense

[willworkforpips]

Great stuff, good on you.

I’m not sure if the euraud is such a great idea, obviously it’s buying into the mother of all downtrends, so take it with a grain of salt. Probably better trades out there, not even sure it i’ll take it myself. Might call it a week.

I hope you took it. I chose not to due to the time of day, but it went without a hitch.

[r3n3]

Anyone here doing evening Trades? If so what pairs are good for this?

[willworkforpips]

Upcoming usdjyp on the 1 hour with 2 different options. provided of course point c stays the same. The first option is only at 78% extension of ab, so Ill be watching before jumping on it.

Edit:point c changed, not valid

[modo]

@willworkforpips

I hope you took it. I chose not to due to the time of day, but it went without a hitch.

Yeah, I took it, but not in any great size, and it’s not a good trade until you book it.

[SwediChris]

Possible D on EUR/USD 15 min, As many know the pair is very bullish, might help the price fall if it reaches the D.

//Chris