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Trading Made Simple

  • #81,261
  • Aug 7, 2017 5:37am Aug 7, 2017 5:37am
EURAUD on 1 hour chart is indeed looking good. Notice how price action loves the 200 EMA line on the 1 hour chart. This is of course the Day 10 EMA line.
My Buy signal after the TMS cross is the move away from the Red 200 EMA Line ( Daily 10 EMA ) and the Orange 800 EMA Line ( Weekly 10 EMA ).

Using the Power of the 10EMA and you can't go to wrong. I set my trade manage to follow the 1 hour 200EMA Line and add addition trades on any further crosses till the price action crosses the Red Line. Its kind of set and forget but Red news is brutal on the 1 Hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.png Size: 235 KB
Trading thin liquidity at the boundary of the charts
  • #81,262
  • Aug 7, 2017 5:45am Aug 7, 2017 5:45am
EURAUD breakout?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 183 KB
  • #81,263
  • Aug 7, 2017 7:26am Aug 7, 2017 7:26am
Quoting emmanuel7788
{quote} Looks valid, there is price action and with H4 TDI bounce. There is room seen in W1 with 10EMA below. {image}
It is valid technically but it feels ugly. I have strived to mathematically define "ugly" for years and I always come back to PASR and breakout levels
  • #81,264
  • Aug 7, 2017 7:40am Aug 7, 2017 7:40am
Quoting darko2010
{quote} It is valid technically but it feels ugly. I have strived to mathematically define "ugly" for years and I always come back to PASR and breakout levels
when the price bar does not show LL LH, then it is 'ugly' like this one shown below:

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD H1 ugly PA.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,265
  • Aug 7, 2017 8:07am Aug 7, 2017 8:07am
Quoting emmanuel7788
{quote} when the price bar does not show LL LH, then it is 'ugly' like this one shown below: {image}
Actually, it's more the 4H WRB which happened on Friday that makes it ugly for me and generally blocks me from trading. I should have taken the sell at 8am CET this morning but now it is too little and too much to do anything, wouldn't you agree?
  • #81,266
  • Aug 7, 2017 8:40am Aug 7, 2017 8:40am
Quoting emmanuel7788
{quote} {quote} Well, every time someone new comes to this thread, the same Frequently Asked Questions get asked over and over again. Also the older members do not read this thread on regular basis and will ask the same questions when posts were made in the past months and quesions asked and answered over and over again. So this post will be repeated over and over again. Most important thing is to read all of the OP's posts in FF and learn how he started trading forex in 2008 as a newbie until 2011. You need to know the man Eric aka Big E, his lifestyle,...
I think there two two things I love most on FF:
1 People really share good stuff, their system, indicator, EA, and insight of forex trading.
2 People are really willing to help new comer.

Thanks a lot and thanks again.
  • #81,267
  • Aug 7, 2017 8:59am Aug 7, 2017 8:59am
Quoting emmanuel7788
{quote} when the price bar does not show LL LH, then it is 'ugly' like this one shown below: {image}
Is this indicator which shows price on different time frames at bottom of your screen? Sorry, If I am asking irrelevant question.
  • #81,268
  • Aug 7, 2017 10:58am Aug 7, 2017 10:58am
Quoting Mary.Lawson
{quote} Is this indicator which shows price on different time frames at bottom of your screen? Sorry, If I am asking irrelevant question.

It's called pipware chart
  • #81,269
  • Aug 7, 2017 11:06am Aug 7, 2017 11:06am
Quoting Mary.Lawson
{quote} Is this indicator which shows price on different time frames at bottom of your screen? Sorry, If I am asking irrelevant question.
Mary,
That indicator can be found in post 76,270.
Download them both but work at first with the templates.
The indicator can be at times touchy to handle.
Frank
  • #81,270
  • Aug 7, 2017 1:32pm Aug 7, 2017 1:32pm
Quoting irishcraig09
{quote} It's called pipware chart
I understand and got that, Thanks!
  • #81,271
  • Aug 7, 2017 1:55pm Aug 7, 2017 1:55pm
EURNZD, to see the trades better on H4, open since thursday last week, opened after close above resistance on daily, TDI moderate and close HA above PAC, and PAC trend confirmed, now with MEME insurance money management build position in retracement and maybe further scale in 2 another trades. First TP at 1.6150 - look at my BPP

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.JPG Size: 149 KB


regards
  • #81,272
  • Aug 7, 2017 2:02pm Aug 7, 2017 2:02pm
nice walk with Lotto money management in EURUSD and EURNZD

Attached Image (click to enlarge)
Click to Enlarge Name: ENZD Lotto.JPG Size: 70 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU Lotto.JPG Size: 71 KB
  • #81,273
  • Aug 7, 2017 2:07pm Aug 7, 2017 2:07pm
Quoting Deichkind
EURNZD, to see the trades better on H4, open since thursday last week, opened after close above resistance on daily, TDI moderate and close HA above PAC, and PAC trend confirmed, now with MEME insurance money management build position in retracement and maybe further scale in 2 another trades. First TP at 1.6150 - look at my BPP {image} regards
Bravo.. nice trading
Risiko birgt immer auch die Chance.
  • #81,274
  • Aug 7, 2017 3:20pm Aug 7, 2017 3:20pm
Hi guys i need some help. I have set up the HA candles and the TDI RT but can't seam to set up the PAC, I went back to older post and see you can do it by 2 moving averages but can't seam to select the high and low drop down. Any help would be appreciated
Craig
  • #81,275
  • Aug 7, 2017 4:45pm Aug 7, 2017 4:45pm
Quoting irishcraig09
Hi guys i need some help. I have set up the HA candles and the TDI RT but can't seam to set up the PAC, I went back to older post and see you can do it by 2 moving averages but can't seam to select the high and low drop down. Any help would be appreciated Craig
5 smoothed high and low.
Risiko birgt immer auch die Chance.
  • #81,276
  • Aug 7, 2017 4:52pm Aug 7, 2017 4:52pm
Trading isn't simple. The more consistent you wish to become, the more complex your strategy would have to be. If things were simple, don't you think almost everyone would be consistently profitable?
  • #81,277
  • Aug 7, 2017 5:40pm Aug 7, 2017 5:40pm
Quoting usdx
Trading isn't simple. The more consistent you wish to become, the more complex your strategy would have to be. If things were simple, don't you think almost everyone would be consistently profitable?
Hardest thing in trading as in life is work on yourself, struggle with yourself, your fears and your imagination, cautionary us from a violation of a comfort zone. The only one who can deceive the trader, like any other person - is himself.
Cheers.
  • #81,278
  • Aug 7, 2017 6:42pm Aug 7, 2017 6:42pm
Quoting irishcraig09
Hi guys i need some help. I have set up the HA candles and the TDI RT but can't seam to set up the PAC, I went back to older post and see you can do it by 2 moving averages but can't seam to select the high and low drop down. Any help would be appreciated Craig
you need to have two moving averages - one set to high, the other set to low to create the PAC.

Attached Image (click to enlarge)
Click to Enlarge Name: PAC how to create with SMMAs.png Size: 136 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,279
  • Aug 7, 2017 6:58pm Aug 7, 2017 6:58pm
Quoting usdx
Trading isn't simple. The more consistent you wish to become, the more complex your strategy would have to be. If things were simple, don't you think almost everyone would be consistently profitable?

The title of this thread "Trading Made Simple"is misleading especially when people do not read all of the OP's posts.

Trading is a skilled based activity that requires both knowledge and experience. The knowledge that one needs is far more than the 1488 posts made by the OP here in FF. The OP mentioned that he had 6,000 hours experience, what did he learn in that 6,000 hours? Have you spent 6,000 hours? I know I have and much more.

"Keep It Simple" is a slogan which often misused by a few people that we should only follow what the OP has posted and do nothing else. Following this will lead many people to lose their hard-earned money from their day jobs to finance their forex trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,280
  • Aug 7, 2017 7:12pm Aug 7, 2017 7:12pm
Yesterday was the usual Monday after the previous week's Friday NFP. It is s day when I would trade H1.

Today is back to H4, my preferred 4H swing trading. 4H swing trades can last 2 to 4 days, close them on Friday before London session close. Do not trade H4 during the NY second half session on Fridays.

Looking at EURAUD and EURCAD again from our discussions from last week, both pairs are 'good to buy' but one pair is better over the other.
Which pair?
1) EURAUD
2) EURCAD

pick the better one and have your own reasons for your pick.

Pay attention to market news and look for the intra-week swing high and swing lows.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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