Trading Made Simple 118,171 replies
Indicators for the 'Trading Made Simple' system 339 replies
Charts, Charts, Charts! 1 reply
Trading Made Simple Charts Journal 2 replies
DislikedJust experimenting with EMAs of 200/100/50/21/8/3 and looking at the end of week inside bars/candles - here's a few from Thursday/Friday - possible set-ups for Sunday/Monday.
Inside candles can be an indication of a trend pause followed by trend continuation.
Reversal inside candles often occur near or ar S/R levelsIgnored
DislikedCurrent USDCAD analysis
Per rules :
Current trend : Minor downtrend (borderline ranging, determined by the daily channel)
1. PA moves with ATR(1) at 75% or higher of ATR(7)
2. RSI moving below 50
3. TDI cross within the last 1 or 2 candles and moving down from the 68 region
4. 5EMA broken to the downside
5. Slope Angle
1. PA = Don't know how to determine this precisely, but by the looks of it, it seems ok
2. RSI = 41
3. TDI Cross = will be at 2nd candle at the current's close of current, coming from in between 68-50
4. 5EMA to be broken on...Ignored
Dislikedlooking promising once candle closes above 200ema
Remember - patience - wait for the day candle to close before making your decisionsIgnored
DislikedThanks for the fast reply and your input
Regarding your AUD/CHF analysis, is the reason you mention that it looks promising once it closes above the 200 EMA because it could be an indication of a possible trend reversal? (Along with the basic rules of your system being respected)Ignored
Does it look reasonable to you? Does the fact that it's a fourth candle with the opposite color affect the decission?Ignored
DislikedMay I ask if you're going to open a position with stop order or wait till the PA will close below the major support?Ignored
I've been doing some backtesting and suddenly realized that you haven't covered the matter of adding to a winning position after a fractal break when all of your previous positions are still open. That usually happens after a trend rest. Do you open 2 positions with TP1/TP2 in this case as well?
DislikedJust as a heads up on the Euro pairs - setting up today for possible reversals this week.
Watch for colour change on the APBs - TDI is crossing back through the Down Zone line on EU.
EJ is running into 100ema and 200ema - watch for stalling / reversal signs
EA has a nice Fractal Low set up as well as a large Inside Candle set up for 4/5/2012Ignored
DislikedDo you think that Friday's and today's candle are worth to consider as Europe's been closed since Friday? I think that could affect the validity of Inside Candle.Ignored