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Trading Made Simple

  • #16,561
  • Mar 27, 2013 3:16am Mar 27, 2013 3:16am
GU 27 Mar LO:

scalpers in action ....
Patience... I wait.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,562
  • Mar 27, 2013 3:50am Mar 27, 2013 3:50am
GU .. two days of selling during LON session,
why would you want to sell when LO today?
Attached Image (click to enlarge)
Click to Enlarge Name: GU LON session candle.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,563
  • Mar 27, 2013 4:18am Mar 27, 2013 4:18am
Quoting emmanuel7788
GU .. two days of selling during LON session,
why would you want to sell when LO today?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 36 KB

Yes Emmanuel, i did recognise situation wrong, seeing DBHLC on H1 with resistence from yesterday, breaking candel closing below RN placed sell order.
End of the story
JacekPreserve Precious Capital
  • #16,564
  • Mar 27, 2013 4:30am Mar 27, 2013 4:30am
Quoting Jackub
Attachment
Yes Emmanuel, i did recognise situation wrong, seeing DBHLC on H1 with resistence from yesterday, breaking candel closing below RN placed sell order.
End of the story
today is key news/data out of the UK.
so anyhting can happen.

last two days, some of us talked about different broker server time hence different candle, etc.
but the market session remains the same when we look at H1 and below.
we see each market session traded every 9 hours.
so if we are trading London session, we musr learn the market behaviour of London sesion especially for its key currencies EUr and GBP.

so if we observe why LON selling 2 days ahead of GDP today? we must be more careful
ask where are all the 2 days of LON sellers stops?

If we are selling today, we must look for sell HIGH!
it is always D Fib38/50 entry.

now you see exaclty what I mean on the chart right this minute.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,565
  • Mar 27, 2013 4:36am Mar 27, 2013 4:36am
GU 27 Mar GDP release:
Attached Image (click to enlarge)
Click to Enlarge Name: GU 27 Mar GDP release 27-3-2013 5-34-12 PM.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,566
  • Mar 27, 2013 4:37am Mar 27, 2013 4:37am
Quoting emmanuel7788
GU .. two days of selling during LON session,
why would you want to sell when LO today?
Hi emmanuel

On H4 chart GU there is clear change of polarity setup But on H1 chart this minor reason for catch minor pips.

Thanks
  • #16,567
  • Mar 27, 2013 4:37am Mar 27, 2013 4:37am
If we are selling today, we must look for sell HIGH!
it is always D Fib38/50 entry.

now you see exaclty what I mean on the chart right this minute.[/quote]

Nice and clear, thanks, when you say so everything is logic and obvious, same moment I can see long way aheadof me.....
Jacek
JacekPreserve Precious Capital
  • #16,568
  • Mar 27, 2013 4:44am Mar 27, 2013 4:44am
Quoting Jackub
If we are selling today, we must look for sell HIGH!
it is always D Fib38/50 entry.

now you see exaclty what I mean on the chart right this minute.
Nice and clear, thanks, when you say so everything is logic and obvious, same moment I can see long way aheadof me.....
Jacek[/quote]

My recommendation is to stay away from M15 chart unless you are a scalper.
sorry this sound blunt and harsh, but we must decide thet type of trader we are .. a scalper, day trader or swing trader.

Use M15 chart TF only for fine tuning and timing entries for a better price and that elusive small initial SL.
M15 is good becasue you can see a lot of small details, but never lose sight of what the H1 and H4 is telling you.

I am sorry if I keep repeating some of these things said before.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,569
  • Mar 27, 2013 4:45am Mar 27, 2013 4:45am
Quoting emmanuel7788
Hi frank,
yes!

Have a look.

frank
Attached Image (click to enlarge)
Click to Enlarge Name: trade11.gif Size: 19 KB
  • #16,570
  • Mar 27, 2013 4:49am Mar 27, 2013 4:49am
Quoting emmanuel7788
today is key news/data out of the UK.
so anyhting can happen.

last two days, some of us talked about different broker server time hence different candle, etc.
but the market session remains the same when we look at H1 and below.
we see each market session traded every 9 hours.
so if we are trading London session, we musr learn the market behaviour of London sesion especially for its key currencies EUr and GBP.

so if we observe why LON selling 2 days ahead of GDP today? we must be more careful
ask where are all the 2 days of LON sellers...

Hi emmanuel,

sorry if this has been asked before but I can't seem to find it. Could you share your Prev. Day Fib indicator with me, please?
  • #16,571
  • Mar 27, 2013 4:49am Mar 27, 2013 4:49am
Quoting frank.david
Have a look.

frank
there is no clear TDI formation for entry on H1,we can see HH and Hl are continue,I had chance to go with this but H4 Polarity stop to flow me with sell.

frank
  • #16,572
  • Mar 27, 2013 5:01am Mar 27, 2013 5:01am
Quoting frank.david
there is no clear TDI formation for entry on H1,we can see HH and Hl are continue,I had chance to go with this but H4 Polarity stop to flow me with sell.

frank
since you can read HH HL and LH LL, you are ahead of the TDI..
TDI is good when market is trending.
but when the VB change from a 'big balloon' into a small 'narrow sausage', TDI will not work for setups.
VB 'narrow sausage' are good for breakout trading...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,573
  • Mar 27, 2013 5:09am Mar 27, 2013 5:09am
Quoting emmanuel7788
Nice and clear, thanks, when you say so everything is logic and obvious, same moment I can see long way aheadof me.....
Jacek
My recommendation is to stay away from M15 chart unless you are a scalper.
sorry this sound blunt and harsh, but we must decide thet type of trader we are .. a scalper, day trader or swing trader.

Use M15 chart TF only for fine tuning and timing entries for a better price and that elusive small initial SL.
M15 is good becasue you can see a lot of small details, but never lose sight of what the H1 and H4 is telling you.

I am sorry if I keep repeating some of these things said before.[/quote]

Emmanuel,
first of all do not feel sorry please, I think many of us with me on the first palce need this very much, and thanks God there is someone like you telling and reminding us this all the time!!!
Jacek
JacekPreserve Precious Capital
  • #16,574
  • Mar 27, 2013 5:15am Mar 27, 2013 5:15am
Quoting emmanuel7788
since you can read HH HL and LH LL, you are ahead of the TDI..
TDI is good when market is trending.
but when the VB change from a 'big balloon' into a small 'narrow sausage', TDI will not work for setups.
VB 'narrow sausage' are good for breakout trading...
Thanks for clear explanation.
  • #16,575
  • Mar 27, 2013 5:29am Mar 27, 2013 5:29am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 40 KB

Are you scalper or ....... ?
This trade looks like will work out.
JAcek
JacekPreserve Precious Capital
  • #16,576
  • Mar 27, 2013 5:31am Mar 27, 2013 5:31am
Quoting frank.david
Thanks for clear explanation.
Well emmanuel I'm not familiar with term "narrow sausage and Big balloon".searching for source.
  • #16,577
  • Mar 27, 2013 6:05am Mar 27, 2013 6:05am
Thanks for the reply emmanuel. I will keep those things in mind.
Just entered GU short,
Targetting 1.5084 and VBRN 1.5
Didnt enter EU , But i believe it will reach 1.2694 today.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 24 KB
  • #16,578
  • Mar 27, 2013 6:09am Mar 27, 2013 6:09am
Quoting frank.david
Well emmanuel I'm not familiar with term "narrow sausage and Big balloon".searching for source.
http://www.forexfactory.com/attachme...1&d=1364377489

Hi Frank,

I saw your Bolinger Band on your chart, so I thought you knew the terms 'balloon' and 'sausage' used by BB traders.

But I apply the same on the TDI Volatility Band VB.

Here is my chart below:
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 13 TDI VB 27-3-2013 7-04-39 PM.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,579
  • Mar 27, 2013 6:12am Mar 27, 2013 6:12am
Quoting Winner1245
Thanks for the reply emmanuel. I will keep those things in mind.
Just entered GU short,
Targetting 1.5084 and VBRN 1.5
Didnt enter EU , But i believe it will reach 1.2694 today.

my estimate for weekly range is between 220 and 255 pips for this week.
so there is some room down.... down to Prev W Low.

manage for maximum run...

Good Trading.

you are what your pseudonym says "Winner..."
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,580
  • Mar 27, 2013 6:18am Mar 27, 2013 6:18am
Quoting 99problems
Hi emmanuel,

sorry if this has been asked before but I can't seem to find it. Could you share your Prev. Day Fib indicator with me, please?

Hi 99p,

here are these again. posted before but I don't recall.
these are for white background charts,
if you use black colour as chart background, you need to make some change to the lines colours for visibiity.
also all based on GMT000 server data.

Enjoy.
Attached File(s)
File Type: ex4 #Fibo Prev Day.ex4   8 KB | 826 downloads
File Type: ex4 #Fibo Prev Week.ex4   8 KB | 816 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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