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Re: Technical Templates

PostPosted: Tue Sep 15, 2015 2:49 am
by grantyboy
kipper wrote:
grantyboy wrote:A failure to maintain the bullish momentum to create a new H1 high and / or a break through the Prev daily low @ 135.725 would have me looking for other opportunities.

Absolutely.
The big plus when executing this approach is the clarity in determining when to step aside & wait for more information!
That ability alone has saved me more money than i care to imagine since discovering this style of betting.

I've found it's always more sensible to shift focus to something that's honouring the natural trending flows than try & fight the market.


I got triggered into a very small long position off the area I'd mentioned but it didn't last so got stopped out while I slept.

EURJPYM15 -2.png


Now on the sidelines or looking for shorts if I can get in with >1R before the previous monthly low (unlikely as I sit and type this).

Re: Technical Templates

PostPosted: Tue Sep 15, 2015 7:38 am
by grantyboy
Markets seem to have gone to sleep with FOMC being the predominant news item along with what i can only describe as risk pause behaviour.

Had one attempt at a GY short continuation play thru 184.65 but it failed to break through the day's low so closed it out for BE and that was the last movement I saw in anything worth watching.

Re: Technical Templates

PostPosted: Wed Sep 16, 2015 2:43 am
by Ilary
I like Aud longs still, vs Usd and Gbp. Rest of pairs have been taken off watchlist.

Wish you luck today grantyboy...will not be trading tomorrow because of FOMC, so see you back on Friday maybe.

Re: Technical Templates

PostPosted: Wed Sep 16, 2015 10:04 am
by grantyboy
Ilary wrote:I like Aud longs still, vs Usd and Gbp. Rest of pairs have been taken off watchlist.

Wish you luck today grantyboy...will not be trading tomorrow because of FOMC, so see you back on Friday maybe.


Gbp print took the market by surprise so I'm on the sidelines today and like you wont be trading tomo. I dont trade Fridays as I find them a bit erratic. Plus the weekend has well and truly begun by Friday evening in Oz :D. I'll be back next week. All the best with your trades and i noticed EA has poked its head up a bit.

Momo vs Pullback

PostPosted: Thu Sep 24, 2015 5:15 am
by Ilary
Hello everyone 8 :)

Hope week is good for you...I be lucky this week, short Nzd & Aud.

I have question this morning about setups I see at beginning of thread - before started playing pullbacks. Beginning of thread show Asian breakouts if above Week Open/Day Open. Today (Sept 24) there was similar trigger on AudUsd through 6992. So I wonder...

main method taught on thread is pullback entry if 4H +1H trending...is momo setup complimentary to main trend/momo method? Is only requirement to have price on both side of week & day open? Not clear to me why pullback method better than momo breakout method...

Also, do I understand correctly: Joe on page 5 show "similar" trend/momo system, using D1 as primary for trend and 4H for momo points (usually prior day highs/lows). But he show break of momo high in line with trend as trigger, not pullback. I guess that main 4h/1h main method taugh is similar, only use 4H trend and 1H momo high/low when pulling back?

AudUsd Daily as Primary: https://gyazo.com/945c4e49bee75b578afb05b5e414d17e
AudUsd 4H momo steps highlighted, "short breakout" levels https://gyazo.com/ec24d9bb861bc8cdffb5363c9982e108

AudUsd 4H as Primary, also with 4H bias shift "momo" entries: https://gyazo.com/551188746eebd9da0175b86eb0ba51d6
AudUsd 1H momo steps highlighted, short/long breakout levels depending on bias: https://gyazo.com/34e1c7c19a338d89793db0156cafe4e6

Thank you for help! :D

Re: Momo vs Pullback

PostPosted: Thu Sep 24, 2015 1:35 pm
by kyle morgan
Ilary wrote:main method taught on thread is pullback entry if 4H +1H trending...is momo setup complimentary to main trend/momo method?

They're whatever you want them to be Ilary.
If you can find a positive & opportunistic way to blend the information & material from both set up approaches then go for it.

Price is price. It moves in continuous impulse & corrective waves right across the timeframe spectrum & it's up to the individual to identify, filter & process that information in a way that best represents how you wish to operate.
Ilary wrote:Is only requirement to have price on both side of week & day open?
Not clear to me why pullback method better than momo breakout method

No it's not a requirement at all. The material presented back then was simply one person's view based on their experience.
It's just as valid today as it was then, which further confirms the validity & consistency of the material.

It's up to each of us to test, check & ensure a particular style or set of parameters suits the objectives we set out to achieve.
The pullback set up isn't any better or worse than the original momentum presentation, it's simply an alternative option.
Ilary wrote:Also, do I understand correctly: Joe on page 5 show "similar" trend/momo system, using D1 as primary for trend and 4H for momo points (usually prior day highs/lows). But he show break of momo high in line with trend as trigger, not pullback.
I guess that main 4h/1h main method taugh is similar, only use 4H trend and 1H momo high/low when pulling back?

Again, use whatever suits you best.
You will have very personal & individual preferences & a style that you feel comfortable pursuing.
That style will be very different to mine or anyone else's here.

The material is presented so that each person can interpret & utilize it as they see fit & which makes sense to the way in which they intend to trade the markets.
The information presented on this thread is a collection of common sense technical offerings that has stood the test of time & continues to offer high probability opportunities across changeable & varied market conditions.

Re: Technical Templates

PostPosted: Fri Sep 25, 2015 2:39 am
by Ilary
Much obliged Jack :-)
Have a great Weekend!

Re: Technical Templates

PostPosted: Thu Oct 08, 2015 5:03 am
by grantyboy
Have been too busy of late to do much trading and the markets seem pretty erratic anyway with almost daily changes in sentiment, direction and pairs stuck in a range. Hope everyone else is finding some value and profit.

Re: Technical Templates

PostPosted: Thu Oct 08, 2015 5:10 am
by grantyboy
grantyboy wrote:Have been too busy of late to do much trading and the markets seem pretty erratic anyway with almost daily changes in sentiment, direction and pairs stuck in a range. Hope everyone else is finding some value and profit.


One pair that is shaping up into a prior sell zone of interest is GBPAUD but I'm on the sidelines with the pending news on the way.

GBPAUDH4.PNG

Re: Technical Templates

PostPosted: Fri Oct 09, 2015 11:19 am
by xerb
grantyboy wrote:markets seem pretty erratic with almost daily changes in sentiment, direction and pairs stuck in a range.
Hope everyone else is finding some value and profit.

There's still bits & bobs about grantyboy.
In fact NZD, AUD & CAD have been on the menu for the past few weeks, as discussed by some of the broker reps/technical template guys here: http://forums.babypips.com/melting-pot/ ... el-34.html