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Trading Made Simple

  • #96,481
  • Jun 12, 2019 9:38am Jun 12, 2019 9:38am
Just taken a short on usd/jpy at 108.40

Stop 108.70
T/p 108.00

Let's see how it plays out
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  • #96,482
  • Jun 12, 2019 10:28am Jun 12, 2019 10:28am
Quoting gj7rwt
Just taken a short on usd/jpy at 108.40 Stop 108.70 T/p 108.00 Let's see how it plays out {image}
Good day,

As I've seen this thread is just about old ladies squabbling about this and that, and letting a lot of subscribers drowning in useless mudslingers. Remember that a lower time frame I would only use IF I see an opportunity to trade on higher time frames. This thread is really a joke in the absence RIP BigE.

If you look at H1 do you see a sell?

SHAME ON THE REST.
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We obey the structure that results from the market's reaction
  • #96,483
  • Jun 12, 2019 10:46am Jun 12, 2019 10:46am
Quoting Egbert
{quote} Good day, As I've seen this thread is just about old ladies squabbling about this and that, and letting a lot of subscribers drowning in useless mudslingers. Remember that a lower time frame I would only use IF I see an opportunity to trade on higher time frames. This thread is really a joke in the absence RIP BigE. If you look at H1 do you see a sell? SHAME ON THE REST. {image}
Good to hear from you Egbert,

I get what your saying but my early entry on the 30 minute took a number of factors in to consideration. Yes the close wasn't in my favour but the stocs on the higher time frames are starting to hook over from o/b levels and there was a bounce back off the neckline on the 1hr chart of a head and shoulder pattern. Being at work I don't have the luxury of being sat in front of a trading screen waiting for perfect setups. For me it's a case if weighing up the pros and cons for each trade at that moment I am in front of the screen. I don't trade big, my s/l and t/p levels ensure decent money management is practiced. My account survives !

Are you in any trades now, care to share them ?

Cheers
Andy
  • #96,484
  • Jun 12, 2019 10:56am Jun 12, 2019 10:56am
Quoting gj7rwt
{quote} Good to hear from you Egbert, I get what your saying but my early entry on the 30 minute took a number of factors in to consideration. Yes the close wasn't in my favour but the stocs on the higher time frames are starting to hook over from o/b levels and there was a bounce back off the neckline on the 1hr chart of a head and shoulder pattern. Being at work I don't have the luxury of being sat in front of a trading screen waiting for perfect setups. For me it's a case if weighing up the pros and cons for each trade at that moment I am in...
Only EURUSD sell
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We obey the structure that results from the market's reaction
  • #96,485
  • Jun 12, 2019 10:59am Jun 12, 2019 10:59am
Quoting gj7rwt
{quote} Good to hear from you Egbert, I get what your saying but my early entry on the 30 minute took a number of factors in to consideration. Yes the close wasn't in my favour but the stocs on the higher time frames are starting to hook over from o/b levels and there was a bounce back off the neckline on the 1hr chart of a head and shoulder pattern. Being at work I don't have the luxury of being sat in front of a trading screen waiting for perfect setups. For me it's a case if weighing up the pros and cons for each trade at that moment I am in...
Hi Andy,

Remember on this thread one only uses the stoch to confirm what the TDI says?
We obey the structure that results from the market's reaction
  • #96,486
  • Jun 12, 2019 11:00am Jun 12, 2019 11:00am
Quoting Egbert
{quote} Only EURUSD sell {image}
Got some green pips there. With the tdi green crossing the red upwards would you be considering taking profit or do you take your cue from another period?
  • #96,487
  • Jun 12, 2019 11:03am Jun 12, 2019 11:03am
Quoting gj7rwt
{quote} Got some green pips there. With the tdi green crossing the red upwards would you be considering taking profit or do you take your cue from another period?
I will wait for the Pivot or beyond.
H1+H4 are still pointing down. Patience is the game.
We obey the structure that results from the market's reaction
  • #96,488
  • Jun 12, 2019 11:11am Jun 12, 2019 11:11am
Quoting Egbert
{quote} I will wait for the Pivot or beyond. H1+H4 are still pointing down. Patience is the game.
Wishing you good luck with the trade.

At least that's 2 trading charts on this thread for today
I may be able to find something a bit closer to Big E's rules tomorrow

Have a good evening
  • #96,489
  • Jun 12, 2019 1:12pm Jun 12, 2019 1:12pm
Quoting emmanuel7788
{quote} Sell direction is good ... I have sell positions in one basket . Lets be patient and see if UJ makes a new low in June. Abe and Aso having meeting this week,
Just hit the TG both on EURUSD and GBPUSD.

There is a high chance GBPUSD made his weekly high today.

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It's not over, until I win.
  • #96,490
  • Jun 12, 2019 1:35pm Jun 12, 2019 1:35pm
HA body closed within Keltners, no action taken.
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Vincit qui se vincit.
  • #96,491
  • Jun 12, 2019 1:38pm Jun 12, 2019 1:38pm
Quoting Tekkies
{quote} No, gj7rwt red is not to be used at all. Reason: How would green cross red when both are going in the same direction? Look at any TDI crossover. Red is going up + Green going down = crossover Red is going down + Green going up = crossover Green going up or down touch Red going up or down = bounce trade Post 96,419 Emmanuel did not looked / ignored / missed the M15 TDI crossover. a Typical post by Emmanuel to make any post that does not agree with what he is...
No, gj7rwt red is not to be used at all.
Reason:
How would green cross red when both are going in the same direction?

In certain PA conditions, that is possible.

See my chart example below.

These happens a lot when there are price gaps in the Day Close and Day Open. also when the trend is strong and a sudden pull back followed by a re-bound in the price. can also happen at times around news events.

technically, the TDI trade signal line is slower (using Simple Moving Average period 7 default) and the TDI price line is Exponential 2 period moving average. ...nothing more nothing less.. some people considers them to be false signals.



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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,492
  • Jun 12, 2019 1:42pm Jun 12, 2019 1:42pm
Quoting Pippopotamus
HA body closed within Keltners, no action taken. {image}

for the decision taken
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,493
  • Jun 12, 2019 1:46pm Jun 12, 2019 1:46pm
Quoting ItaTrader93
{quote} Just hit the TG both on EURUSD and GBPUSD. There is a high chance GBPUSD made his weekly high today. {image}

good trades, well done.

USD fights back now we shall see what the NY session brings us now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,494
  • Jun 12, 2019 1:53pm Jun 12, 2019 1:53pm
Quoting gj7rwt
{quote} Wishing you good luck with the trade. At least that's 2 trading charts on this thread for today I may be able to find something a bit closer to Big E's rules tomorrow Have a good evening

Excellent initiative.

I will post Daily chart setups and Weekly chart setups following these by Big E.

Weekly trade examples
#700
https://www.forexfactory.com/showthr...00#post4582200
#1967
https://www.forexfactory.com/showthr...07#post4605507

Daily trade charts examples
#357
https://www.forexfactory.com/showthr...50#post4577150
#283
https://www.forexfactory.com/showthr...96#post4576096
#4171
https://www.forexfactory.com/showthr...11#post4527311
#3850
https://www.forexfactory.com/showthr...23#post4441523
#3679
https://www.forexfactory.com/showthr...85#post4420885
#3573
https://www.forexfactory.com/showthr...29#post4412229

Trading Daily and Weekly is more profitable and make trading simple and low stress.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,495
  • Jun 12, 2019 2:12pm Jun 12, 2019 2:12pm
Quoting Egbert
{quote} Good day, As I've seen this thread is just about old ladies squabbling about this and that, and letting a lot of subscribers drowning in useless mudslingers. Remember that a lower time frame I would only use IF I see an opportunity to trade on higher time frames. This thread is really a joke in the absence RIP BigE. If you look at H1 do you see a sell? SHAME ON THE REST. {image}

USDJPY much longer term sell is my preference ... possibly see 105.00 if bankers call is to be trusted. I trust my own technical analysis and TMS charts. Just follow up on corporate results at end June and 2nd H2019 GDP. Trade war can bring surprises and some Lotto wins.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,496
  • Jun 12, 2019 3:48pm Jun 12, 2019 3:48pm
Checking the market situation, what's your sentiment about tomorrow y'all?

I was thinking about selling GBPUSD, again.

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It's not over, until I win.
  • #96,497
  • Jun 12, 2019 7:47pm Jun 12, 2019 7:47pm
Quoting ItaTrader93
Checking the market situation, what's your sentiment about tomorrow y'all? I was thinking about selling GBPUSD, again. {image}

Looking at the big picture MN, W1, D1 ... it is sideways waiting for an event and/or something to happen that can move it above or below the Weekly Highs - Lows.

Juncker said something which I felt he made good sense. Now it is for the UK politicians to decide. It is going to hurt the people whichever way Brexit goes ... deal or no-deal.

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Looking at your H4 chart, I see both ways - UP above is resistance, DOWN below is support. That previous big H4 candle is one of my no-go although the momentum was great and the TDI Price Line Green line show nice angle between 4-6, more like 5-6...

Either way, I often check the potential , is there enough room for both SL and TP to give a Risk Reward 1:1.5. If yes, pick the best one!

Decision, decision, decision ....

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,498
  • Jun 12, 2019 8:05pm Jun 12, 2019 8:05pm
Quoting Tekkies
{ quote} According to you it is and according to you as well the red line is used to determine if a trade must be entered or not. Am sure that any persone reading this thread and what BigE and you what have posted will ask: - Well where is red mentioned in post#641? - Well where did BigE used red to determine if a trade must be entered or not in this thread. I get: You are also going to blast that person who dared ask you the same questions. (Wish someone will ask you those two questions.)
-----
Am sure that any persone reading this thread and what BigE and you what have posted will ask:
- Well where is red mentioned in post#641?
- Well where did BigE used red to determine if a trade must be entered or not in this thread.
-----

Post#261 and Post#647 has the answer to these questions. You won't find that three-letters word 'red'.
When I accepted Big E as the teacher and also a good teacher. He taught me where to find and he did not teach me exactly what to look for. He inspired me to use my brain when I read his posts. I learn two other words he used - one is six letter, the other is seven letters. You will find them in his two Posts below.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,499
  • Edited Jun 13, 2019 1:24am Jun 12, 2019 8:16pm | Edited Jun 13, 2019 1:24am
Daily chart trades - Jun 13 Tokyo session.

It is 6am 6pm PDT time. I check my Tokyo session after NY Closed. .... Big E usually close all his H4 positions at his local time PDT 6am.

At this time is also when I would check my Daily charts for potential trades.

Looking at my TMS Monitor, and consulting my rules written using Post#647, there are no trades that meet my criteria right now.

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Edit. corrected time...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,500
  • Jun 12, 2019 8:27pm Jun 12, 2019 8:27pm
@bmurat2009

this is to reply your PM request which others may be interested too,

PIPWARE mini-charts

Post#76,270
https://www.forexfactory.com/showthr...59#post9588859

there are other posts that I have answered many questions.

https://www.forexfactory.com/showthr...3#post12242743

https://www.forexfactory.com/showthr...70#post8910070

https://www.forexfactory.com/showthr...03#post7298803

.../ more
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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