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Trading Made Simple

  • #20,841
  • Jun 19, 2013 4:46am Jun 19, 2013 4:46am
Quoting tenmilewalk
Any advice appreciated analysis Continuation trade. For eur.jpy Daily low broken Price range breakout Bounce of Tdi But will only follow pullback for now. One PA at a time. {image}
I actually opened a EJ short trade this Asian session right after I woke up and saw a bearish divergence on EJ. Aim for 50 pips and put the SL to BE+7 after the trade was +20 pips. But after that price retrace and my trade was closed.

AU had a beautiful signal this asian session too. Bullish divergence,green cross over red over MBL and coming out of the oversold zone. But I don't take that trade because the market was quite quiet at that time. Looking back now it is a good trade if someone take it. But hindsight is 20/20 so just leave it there. Maybe we should take Phx62 advice to stay out of the market until the FOMC is done.
  • #20,842
  • Jun 19, 2013 4:47am Jun 19, 2013 4:47am
Quoting emmanuel7788
{quote} both are correct, only the market can and will prove us wrong. too late to buy now, too early to sell, looking at USD strength of other pairs at LO, it is mix.. so we wait ...
Thanks!
  • #20,843
  • Jun 19, 2013 5:05am Jun 19, 2013 5:05am
Quoting TheScorpS
Entered GBP/USD short after PA found resistance at 1.56586 drawn from daily and confluence with Fibs 50 from H1 I forgot there was news on GBP , so I stayed in the trade and hope for the best, well news came and I was stopped out, but my stop loss was way afar from PA , I took a snap shot if anyone would clear this issue about what had gone wrong? {image}
Looks like your brokers spread widened because of the news, which broker are you with?
  • #20,844
  • Jun 19, 2013 5:20am Jun 19, 2013 5:20am
Quoting lastingwell
{quote} Looks like your brokers spread widened because of the news, which broker are you with?

FXDD is my broker, I know spread widen during high impact news but from is it possible for GBP/USD to shoot from around 4 to like 13 pips which is how far my stop loss was located around 13 pips away from where price action reached

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #20,845
  • Jun 19, 2013 5:24am Jun 19, 2013 5:24am
Quoting TheScorpS
{quote} FXDD is my broker, I know spread widen during high impact news but from is it possible for GBP/USD to shoot from around 4 to like 13 pips which is how far my stop loss was located around 13 pips away from where price action reached Thanks

If its a live account I would talk to the broker its a long way to widen.
  • #20,846
  • Jun 19, 2013 5:25am Jun 19, 2013 5:25am
Quoting TheScorpS
{quote} FXDD is my broker, I know spread widen during high impact news but from is it possible for GBP/USD to shoot from around 4 to like 13 pips which is how far my stop loss was located around 13 pips away from where price action reached Thanks
im using fxpro, spread doesnt go as high as yours. GU is usually 5 pips, during high impact news 6 pips max
Daniel
  • #20,847
  • Jun 19, 2013 5:46am Jun 19, 2013 5:46am
Quoting lastingwell
{quote} If its a live account I would talk to the broker its a long way to widen.

I'm still demoing , the max spread that printed on my screen that I saw was 5 pips , I don't know what has happened
I Have Learned to Take Some Losses to Make Profits
  • #20,848
  • Jun 19, 2013 5:50am Jun 19, 2013 5:50am
Quoting TheScorpS
{quote} I'm still demoing , the max spread that printed on my screen that I saw was 5 pips , I don't know what has happened

Perhaps you should ask them anyway because it might put you off having a live account with them if it happens on the live servers.
  • #20,849
  • Jun 19, 2013 5:51am Jun 19, 2013 5:51am
Quoting TheScorpS
Entered GBP/USD short after PA found resistance at 1.56586 drawn from daily and confluence with Fibs 50 from H1 I forgot there was news on GBP , so I stayed in the trade and hope for the best, well news came and I was stopped out, but my stop loss was way afar from PA , I took a snap shot if anyone would clear this issue about what had gone wrong? {image}

that red line your sl, is not 1.5737 is it? There is no way you have 100 pips spread. highest i see on my broker price hit 1.567

that red line of yours looks more like on 1.5674
Daniel
  • #20,850
  • Jun 19, 2013 7:27am Jun 19, 2013 7:27am
rather quiet half session London ... setups are more anti-USD ahead of FMOC.

better stand aside and watch until post FOMC .
Attached Image (click to enlarge)
Click to Enlarge Name: Pre FOMC anti USD 19-6-2013 8-28-38 PM.png Size: 114 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,851
  • Jun 19, 2013 7:31am Jun 19, 2013 7:31am
Quoting Greenb
{quote} that red line your sl, is not 1.5737 is it? There is no way you have 100 pips spread. highest i see on my broker price hit 1.567 that red line of yours looks more like on 1.5674
You're right , am sorry my eyes hurt me off screen radiation that I even cant sometime focus clearly , my stop loss was 1.5673

lastingwell , I will see if I should send then an email even though am on Demo

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #20,852
  • Jun 19, 2013 8:20am Jun 19, 2013 8:20am
Quoting Phx62
{quote} Picked up 40 pips on Asian session AU H1 based on a continued downtrend of the TDI, also a break below the low of the pullback candle and 200EMA. {image}
Hello Phx62,

I am an avid follower of TMS and especially your trades and trading style. Thank you for your contributions and your clear and concise reasoning for the trades taken.
I have a similar chart set-up as yours, but i can't seem to find anywhere, the multi-time frame indicator that displays on the top of your charts.
It will be of use as a visual aid, instead of constantly flicking up and down time frames.May i kindly request that you share the indicator or please point me in the right direction to find it.

Thank you, kind regards,
Steve.
  • #20,853
  • Jun 19, 2013 12:26pm Jun 19, 2013 12:26pm
Quoting emmanuel7788
rather quiet half session London ... setups are more anti-USD ahead of FMOC. better stand aside and watch until post FOMC . {image}
when you said post FOMC, how long after FOMC before you consider its "safe" to trade again?
Daniel
  • #20,854
  • Jun 19, 2013 2:06pm Jun 19, 2013 2:06pm
A nice 100 pip scalp on the AU M5 following the FOMC statement releases but before Bernanke's press conference.....done until LO.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.6.19 au m5 scalp.png Size: 35 KB
  • #20,855
  • Jun 19, 2013 2:07pm Jun 19, 2013 2:07pm
Quoting itrade44
{quote} Hello Phx62, I am an avid follower of TMS and especially your trades and trading style. Thank you for your contributions and your clear and concise reasoning for the trades taken. I have a similar chart set-up as yours, but i can't seem to find anywhere, the multi-time frame indicator that displays on the top of your charts. It will be of use as a visual aid, instead of constantly flicking up and down time frames.May i kindly request that you share the indicator or please point me in the right direction to find it. Thank you, kind regards,...
Sorry Steve,
Can't share that one....it is a custom indicator I had made.
  • #20,856
  • Jun 19, 2013 2:35pm Jun 19, 2013 2:35pm
Quoting Phx62
{quote} Sorry Steve, Can't share that one....it is a custom indicator I had made.
how about the ADR bar at the right hand corcer is that custom indicator too??
because I cant find it anywhere around....
  • #20,857
  • Jun 19, 2013 2:49pm Jun 19, 2013 2:49pm
Quoting huglau
{quote} how about the ADR bar at the right hand corcer is that custom indicator too?? because I cant find it anywhere around....
huglau,
You asked for it a couple of pages ago and I posted it.....do you not read the thread? Go back to post number 20,813...........
  • #20,858
  • Jun 19, 2013 2:53pm Jun 19, 2013 2:53pm
Quoting Phx62
{quote} huglau, You asked for it a couple of pages ago and I posted it.....do you not read the thread? Go back to post number 20,813...........
I am sorry, i must be missout that post couple times ,
I am so sorry again. I dont know how could i miss that
  • #20,859
  • Jun 19, 2013 3:30pm Jun 19, 2013 3:30pm
Quoting Valentinik87
{quote} I'm waiting for green to cross red and add a long position, short for aud usd. I enterd short on Gbp/usd, what do you think? {image}
Hello Valentine. Sorry for the late reply. At the advice of other traders and their warnings about FOMC, I have stayed out and not put in any trades today. Hope you didnt add a long today for the GBP.USD that wouldve been messy :S

For the technicals such as the TDI and Price action, emmanuel7788 will give you some very good insight.
  • #20,860
  • Jun 19, 2013 3:31pm Jun 19, 2013 3:31pm
Quoting Arete
{quote} That may be a bit extreme. Being from the UK on GMT is ideal for me apart from the fact i work a 60 hour week on nights 1800-0600, i stay awake from 0600-10.00 and wake every two hours from there on wards until i wake at 1700 to go back to work, nocturnal basically. I trade G/U E/J A/U during London and A/U E/NZ at night whilst at work. Where there is a will there is a way, also learning to manipulate macro nutrients and calories to your advantage will help tenfold.
Hello Arete, by adjust I mean staying up at 12-1 and waking up at atround 5-6 for New York. Yes, it would be very extreme to be noc-turnal. let alone you having a 60-hour work week. Crazy
I will also need to start eating healthier as well. Hopefully my greens will provide enough energy
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