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Trading Made Simple

  • #85,381
  • Jan 10, 2018 2:45am Jan 10, 2018 2:45am
Thought I'd share a couple of potential setups, what do others think?

USDCHF

Attachment g

1hour
Looks good

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Similar situation for AUDUSD and gold but a little messier

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waiting for the bar to close in 15mins, lets see how they look then.
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  • #85,382
  • Jan 10, 2018 2:49am Jan 10, 2018 2:49am
Quoting Tekkies
{quote} - Check Support / Resistance level Between S/R - Check Long Term Trend can not zoom out - Check Short Term Trend up - Check 5EMA pienk and green (5EMA?) cut bar's - Check Bar all small - Check Wick both side small - Check Angle angle between 3 / 4 - Check TDI level above 68 - Check Stoch down Angle is wrong, between S/R, Short Term up against stoch down, candle's wick / bar's show market can go up or down or consolidation Too many fact's wrong. Find a other pair to trade.
Thanks for reply.. am short at 13385 and13375
  • #85,383
  • Jan 10, 2018 2:54am Jan 10, 2018 2:54am
Quoting danc
{quote} Thanks for reply.. am short at 13385 and13375
What time did you enter?
What changed on the chart?
  • #85,384
  • Jan 10, 2018 3:00am Jan 10, 2018 3:00am
Quoting danc
{quote} Thanks for reply.. am short at 13385 and13375



I am not TDI master so I would not dare reply your earlier post.
The TDI in any case is not "efficient" where there are price gaps.

In hindsight, shorting from the resistance or supply zone is the right decision. Simple price action at support/resistance or some prefer Supply / Demand.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,385
  • Jan 10, 2018 3:11am Jan 10, 2018 3:11am
EURJPY Week 02 Jan 10 trades closed.

Last trade got stopped out by trailing stop.
4 wins
1 loss
Total 121 pips

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Keep It Simple: Use the conservative approach, trade price action and follow the "yellow brick road".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,386
  • Jan 10, 2018 3:21am Jan 10, 2018 3:21am
GBPJPY Week 02 Jan 10 trades closed.

Trade details on chart below.
5 trades, 3 wins , 2 losses.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,387
  • Jan 10, 2018 3:24am Jan 10, 2018 3:24am
Quoting catalin_eros
{quote} That's an easy one: popgun pattern.



it much easier than telling people look, big candle, small candle , and bigger candle...right?

give every baby a name of its own.

I did not create those names, its Jeffery Kennedy from Elliot Wave International.

https://www.forexfactory.com/showthr...4#post10645614

https://www.forexfactory.com/showthr...95#post6779095
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #85,388
  • Jan 10, 2018 4:49am Jan 10, 2018 4:49am
I'm not here to preach, but i for one, will never believe anyone who claims to regularly make money using any kind of crossover system.

You see, i can only say that because i was doing it 10 years ago, 8 years ago, 6 years ago. I have tried tweaking this and that and granted i made money at times, but ultimately, i couldn't achieve the success that i craved.

Too big a risk pointswise means that it's very difficult to break out of microsized lots. There will be many people here showing winning trades, but a far lesser percentage of losers. Hindsight means nothing other than a way to learn how the market reacts.

Now, once you realise that the market is merely an auction where there are buyers and sellers and that PA itself is all the proof that you need to understand why price reacts at any given location, it becomes far clearer.

Here is a couple of charts of the EU from a little earlier;

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We start with a 123 after a strong spike. This then triggers to the short side. wait for the pullback to test the initial pinbar of the prior move down and place your sell limit there with stoploss above point 3. How do i know it will work?

I don't, but it is a risk that i am willing to take given what i see.

It is all a question of matching timescales to PA. The large blue rectangle at the bottom was the last place that we can clearly see strong Demand, so we should expect a reaction there;

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Now the scale changes and we look for the last obvious Supply to both take profit and also switch Short;

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and that's all the markets do, all day long, everyday...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #85,389
  • Jan 10, 2018 4:56am Jan 10, 2018 4:56am
I do not understand how to see strong Demand!
  • #85,390
  • Jan 10, 2018 5:23am Jan 10, 2018 5:23am
Quoting Tekkies
{quote} What time did you enter? What changed on the chart?
24 hrs ago..thred..Cape diem..intraday tatics..Dax and Dow..4 posts pages 1871 and 1872
  • #85,391
  • Jan 10, 2018 5:31am Jan 10, 2018 5:31am
I will post this only for those of interest to EW.

I posted something a couple of weeks back, regarding looking for 3rd waves. They are the easiest to spot, with very little in the way of a pullback until the 4th wave.

This is a time to use hooks, or fresh highs for buy stops as opposed to using limit orders.

Here is the 512 tick of the EU, showing PA since the earlier charts;

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It's had a nice bit of liquidity since!

Now see how the same pattern is printed. A powerful 3rd wave contained in a channel. It creates the overbought condition on Macd for Negative Divergence to be created on the fresh high in the overall 5th wave.

Things to look out for;

The 4th wave will usually retrace a fib level of the 3rd wave. Most common is the 23.6% retracement or the 38.2% level, but when i see a smaller pullback for the subwave (iv) end of the 3rd wave and it coincides with either fib level to create a double bottom, i will be buying there, as it was last area of demand. Capiche?

I'm talking about the blue rectangle being the 23.6% retracement fib of the 3rd wave and also a double bottom with the subwave (iv) of the 3rd wave.

Now to call the top. The 5th wave was 38.2% of the length of the 3rd wave and creates huge Neg divergence in the process. Now we can expe4ct a healthy retracement in an ABC.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #85,392
  • Jan 10, 2018 5:35am Jan 10, 2018 5:35am
Just for comparison, here is the previous chart that i mentioned above;

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pretty similar huh?
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #85,393
  • Jan 10, 2018 6:09am Jan 10, 2018 6:09am
CG don't waste you time and energy with thread they think only 1 way just let it go I did
  • #85,394
  • Jan 10, 2018 6:27am Jan 10, 2018 6:27am
USDCHF trades been playing nice. I've got a free trade now after the signal earlier.

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Also had some luck on a trade I took on the nasdaq which initially went against me, very nearly kicked me out before reversing. A well placed stop behind the previous high kept me in.

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Controversially, I've got to say that I'm really liking this strategy so far, I've tweaked my exits a little but it's simple and I can see it working for me. Will happily share my results at the end of the month.
  • #85,395
  • Jan 10, 2018 6:39am Jan 10, 2018 6:39am
Quoting The Cableguy
I will post this only for those of interest to EW. I posted something a couple of weeks back, regarding looking for 3rd waves. They are the easiest to spot, with very little in the way of a pullback until the 4th wave. This is a time to use hooks, or fresh highs for buy stops as opposed to using limit orders. Here is the 512 tick of the EU, showing PA since the earlier charts; {image} It's had a nice bit of liquidity since! Now see how the same pattern is printed. A powerful 3rd wave contained in a channel. It creates the overbought condition on...
That is very interesting thanks!
  • #85,396
  • Jan 10, 2018 7:43am Jan 10, 2018 7:43am
Quoting danc
{quote} 24 hrs ago..thred..Cape diem..intraday tatics..Dax and Dow..4 posts pages 1871 and 1872
Dan
Those are D1 chart's, not H4.
  • #85,397
  • Edited 9:25am Jan 10, 2018 8:22am | Edited 9:25am
Quoting The Cableguy
I will post this only for those of interest to EW. I posted something a couple of weeks back, regarding looking for 3rd waves. They are the easiest to spot, with very little in the way of a pullback until the 4th wave. This is a time to use hooks, or fresh highs for buy stops as opposed to using limit orders. Here is the 512 tick of the EU, showing PA since the earlier charts; {image} It's had a nice bit of liquidity since! Now see how the same pattern is printed. A powerful 3rd wave contained in a channel. It creates the overbought condition on...
Just followed your example here. Formed a double bottom on the 5th wave and I entered long. Using a 500 tickchart of EU.
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Edit: But it didn't go well this time.
  • #85,398
  • Jan 10, 2018 10:09am Jan 10, 2018 10:09am
NZDUSD H4
Fast pips
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  • #85,399
  • Jan 10, 2018 10:46am Jan 10, 2018 10:46am
Quoting emmanuel7788
AUDJPY Jan 10 H4 TDI bounce sell trade open. {image}
hi
I have problem in Exit Points, and thank for u if guide me by chart.
thank u
  • #85,400
  • Jan 10, 2018 10:48am Jan 10, 2018 10:48am
Quoting emmanuel7788
{quote} still the same Synergy APB or the HeikenAshi_DM. for the TDI I use the Synergy Pro TDi. but I prefer the PAC 5SMMA high-Low instead of the 5EMA,Typical Price, Shift=3. {image}
Hi Em!
Synergy Pro TDI Green line has more rounded (tilted) angles in comparison with the standard TDI RT.
Synergy Pro TDI gives some sort of statistical advantage? Or is it just a personal visual preference?
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