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Trading Made Simple

  • #85,021
  • Jan 3, 2018 5:22am Jan 3, 2018 5:22am
GBPUSD Jan 03 H4 BEOB setup

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,022
  • Jan 3, 2018 5:29am Jan 3, 2018 5:29am
PCRF by guess who?

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use keyword search "PCRF"
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,023
  • Jan 3, 2018 5:32am Jan 3, 2018 5:32am
Quoting emmanuel7788
{quote} the H4 entry was the open of the current H4 candle. {image}
My setup yesterday on EUR JPY Post 84,975 was correct?
I closed after 4 candles (loss) because it was flat

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  • #85,024
  • Jan 3, 2018 5:35am Jan 3, 2018 5:35am
LOL PCRF = Parti Communiste Révolutionnaire de France
in my land
  • #85,025
  • Jan 3, 2018 5:37am Jan 3, 2018 5:37am
Quoting fleurdelys
{quote} My setup yesterday on EUR JPY Post 84,975 was correct? I closed after 4 candles (loss) because it was flat {image}

one of the TEN (10) things is TIMING.

your trade candle 1600 was the London Close. after that the NY session usually quiet.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,026
  • Jan 3, 2018 5:38am Jan 3, 2018 5:38am
Quoting fleurdelys
LOL PCRF = Parti Communiste Révolutionnaire de France in my land

you have to tell Phx62....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,027
  • Jan 3, 2018 5:43am Jan 3, 2018 5:43am
Quoting fleurdelys
{quote} My setup yesterday on EUR JPY Post 84,975 was correct? I closed after 4 candles (loss) because it was flat {image}
no..it wasnt..
even today for me EJ steel not ready for short..
just after close of this bar, i will sel it, probably..
in the same time i sold EA, last candle open.
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  • #85,028
  • Jan 3, 2018 5:48am Jan 3, 2018 5:48am
pullback candle reversal formation Is it like an evening star?
  • #85,029
  • Jan 3, 2018 5:51am Jan 3, 2018 5:51am
Quoting shum
{quote} no..it wasnt.. even today for me EJ steel not ready for short.. just after close of this bar, i will sel it, probably.. in the same time i sold EA, last candle open. {image} {image}
Thank you. I look WR1, WR2 on your charts. It's Resistances/Pivot Weekly?
MP = Month Pivot?
  • #85,030
  • Jan 3, 2018 6:13am Jan 3, 2018 6:13am
Quoting fleurdelys
{quote} Thank you. I look WR1, WR2 on your charts. It's Resistances/Pivot Weekly? MP = Month Pivot?
yes, i use them like i target for tp
  • #85,031
  • Jan 3, 2018 6:29am Jan 3, 2018 6:29am
Quoting nigpig
{quote} Is this open above master BUOVB candle {image} Edit: I'm understanding more what a master candle is so this answer is not correct. It becomes a master candle through another outside bar being formed within a proceeding outside bar. That proceeding bar then becomes a master candle.

Here my comments:

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another view if you use the PAC, for conservative traders.
the setup candle price bar close above the PAC and also to the HA close above the PAC.
using the PAC give us more opportunities to enter the market when we missed the reversal HA #1 and HA#2.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,032
  • Jan 3, 2018 6:45am Jan 3, 2018 6:45am
Emmanuel and if you shorted where I told you last night you would have been up 150 pips just saying
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  • #85,033
  • Jan 3, 2018 6:58am Jan 3, 2018 6:58am
Quoting Divergence
Emmanuel and if you shorted where I told you last night you would have been up 150 pips just saying {image}

Yes. I waited for price to hit that gray zone before I get with the next bar reversal.
I know it is quite late entry but it is the confidence thing. Still need work ..
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,034
  • Jan 3, 2018 7:01am Jan 3, 2018 7:01am
Quoting atisbg
Seems nice setup on AU 4H...expert comments please {image}
well, this was nice shot but turned out into a losing one, ...Thats why trading with a mix of pairs is more succesful. At least if you are %60 succesful, then you are on a good road and improve to higher success.The TMS as same as all other strategies are based on MM
" Accepting losses is the most important single investment devise "
  • #85,035
  • Jan 3, 2018 7:08am Jan 3, 2018 7:08am
Quoting emmanuel7788
{quote} Yes. I waited for price to hit that gray zone before I get with the next bar reversal. I know it is quite late entry but it is the confidence thing. Still need work .. {image}
Trading is all about probability market moves from demand (more buyers ) to supply ( more sellers) why wait if sellers are there. There will be losses that's part of trading but if you are right 70% of the time just put them on
  • #85,036
  • Jan 3, 2018 7:11am Jan 3, 2018 7:11am
The set-up looks good on Gbp Aud?

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  • #85,037
  • Jan 3, 2018 7:17am Jan 3, 2018 7:17am
Quoting Tekkies
{quote} Support {image} {image}
Hi Tekkies

Whether it is support or resistance, it sometimes occurs at a monthly resistance line.
In this case, we have something important. This almost always means strong consolidation which should make us sit up and pay attention.

Why is strong consolidation around here important ?

Because when a breakout occurs in a area of strong consolidation, a strong surge in momentum is required to move it away and that can be measured in volume and candle size. In fact that surge is filled with gaps which can be seen often on the 1 minute chart.

But whats this got to do with TDI crosses ?

If you wait for this candle, you will see surge in volume, in gaps and in momentum.
You will have a TDI cross that by my statistics has a 85% change of turning into a very profitable trade.

The question is why would you trade any other TDI cross.
Trading thin liquidity at the boundary of the charts
  • #85,038
  • Jan 3, 2018 7:48am Jan 3, 2018 7:48am
Quoting fleurdelys
The set-up looks good on Gbp Aud? {image}
So long as you are ready to have a 115 pip stop, why not?
But I would wait for some consolidation first as far as I am concerned
  • #85,039
  • Jan 3, 2018 7:53am Jan 3, 2018 7:53am
So I call price action that is moving away from a consolidation area from within a Kings Box - a Candle with INTENT.

I trade around 21 pairs here where I am looking for a trade that has a candle that has intent to move, not intent to sit.

PAIRS WHO INTENT TO SIT - Waiting for the Correct TDI Signal

USDJPY
AUDJPY
NZDJPY - Falling back may may sit or bounce away from this area - Maybe a Kings bounce.
GBPJPY
EURAUD
GBPAUD - Bounced of Kings Box so I have recently entered. Has taken some more supply and selling off again.

I wait for breakout of these pairs to a condition of INTENT to move. Then I trade on confiirmation of the TDI which is often a Green bounce of Red.
Currently I am trading 3 pairs.

Further Notes

GBPAUD has now intent to move
USDCAD is falling into monthly line so look out for a bounce or a Wide Ranging Bar into monthly Line.
Did I tell anyone I hate the EURCAD with a passion - I wish I could burn it to the ground.

Lastly, these are just my signals to enter a trade but its the actual trade management of your trades that allows for profits to run. Bad money management will always kill a good entry point.
Trading thin liquidity at the boundary of the charts
  • #85,040
  • Jan 3, 2018 8:02am Jan 3, 2018 8:02am
Quoting darko2010
{quote} So long as you are ready to have a 115 pip stop, why not? But I would wait for some consolidation first as far as I am concerned
GBPAUD

No need for Consolidation as its been and gone, bounce of Kings Box. Strong candle movement away from a Box is a A$$$ setup.

As usual, money management will now decide if you make a dollar
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Trading thin liquidity at the boundary of the charts
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