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Trading Made Simple

  • #96,501
  • Jun 12, 2019 9:12pm Jun 12, 2019 9:12pm
DE30 Jun 13 H4 trade idea and opportunity

Now is Tokyo session, not much will happen until after Tokyo sushi hour is over.

The opportunity is possible breakout of the CONSOLIDATION seen with the H4 Master Candle MC ( it is big candle and small candles Post#647). We are in consolidation Post#647.

The threat is previous price action PPA resistance just above current PA.

right now 5EMA is flat, if that show 12-2 and 4-6 clock angle, that would be a bonus.

MC breakouts do fail as we seen a few in its history, therefore I have a Plan A and a Plan B. If Plan A fails, I activate my Plan B.

Question is : Do we have enough bars/candles from now till NY closing on Friday 5PM for a swing of 3 to 8 candles?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,502
  • Edited 9:34pm Jun 12, 2019 9:18pm | Edited 9:34pm
Watching PA as we approach BRN. Currently at BE, soon to be trailing...
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Vincit qui se vincit.
  • #96,503
  • Jun 12, 2019 9:55pm Jun 12, 2019 9:55pm
Closed trade for about +50 pips(51.2). Time for sleep.
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Vincit qui se vincit.
  • #96,504
  • Jun 12, 2019 10:38pm Jun 12, 2019 10:38pm
Quoting Pippopotamus
Closed trade for about +50 pips(51.2). Time for sleep. {image}
Hiya @Pippopotamus


What indicators are you using? Where are the links for them?

Tnx
<3
  • #96,505
  • Edited 11:29pm Jun 12, 2019 11:09pm | Edited 11:29pm
Hi all,
I wanna share my idea on EURUSD, do you find it interesting?
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  • #96,506
  • Jun 12, 2019 11:31pm Jun 12, 2019 11:31pm
Quoting emmanuel7788
Daily chart trades - Jun 13 Tokyo session. It is 6am Big E local time, he usually close all his H4 positions at 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. {image}
Hi Emmanuel,
Can you share for me some your criteria on Daily trading? I'm learning how to trade on Daily with position building.
Thank you
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  • #96,507
  • Jun 13, 2019 12:37am Jun 13, 2019 12:37am
Quoting emmanuel7788
Daily chart trades - Jun 13 Tokyo session. It is 6am Big E local time, he usually close all his H4 positions at 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. {image}
There is something wrong with your timing there Emmanuel, 6am Pacific is 2pm my time, not 2am which is when you posted. This is the local time Pacific: https://www.timeanddate.com/worldclock/usa/los-angeles
Success means going from failure to failure without loss of enthusiasm
  • #96,508
  • Jun 13, 2019 1:17am Jun 13, 2019 1:17am
Quoting lisat
{quote}There is something wrong with your timing there Emmanuel, 6am Pacific is 2pm my time, not 2am which is when you posted. This is the local time Pacific: https://www.timeanddate.com/worldclock/usa/los-angeles

good thanks.

travelling through 3 time zones in 10 days plus jag lag sure got bio clock muddle up and those Android phone roaming time didn't help either.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,509
  • Jun 13, 2019 1:18am Jun 13, 2019 1:18am
Quoting hikaru259
{quote} Hi Emmanuel, Can you share for me some your criteria on Daily trading? I'm learning how to trade on Daily with position building. Thank you {image}

sure, later ... now is Frankie hour ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,510
  • Jun 13, 2019 1:21am Jun 13, 2019 1:21am
Quoting emmanuel7788
{quote} good thanks. travelling through 3 time zones in 10 days plus jag lag sure got bio clock muddle up and those Android phone roaming time didn't help either.

Always got to embellish with bullshit eh?

You can't just say ( god forbid ) 'I was wrong, thank you'
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,511
  • Jun 13, 2019 1:25am Jun 13, 2019 1:25am
Quoting realjumper
{quote} Always got to embellish with bullshit eh? You can't just say ( god forbid ) 'I was wrong, thank you'

RJ you ask for thumbs up, here you got one for today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,512
  • Jun 13, 2019 1:37am Jun 13, 2019 1:37am
Quoting emmanuel7788
DE30 Jun 13 H4 trade idea and opportunity Now is Tokyo session, not much will happen until after Tokyo sushi hour is over. The opportunity is possible breakout of the CONSOLIDATION seen with the H4 Master Candle MC ( it is big candle and small candles Post#647). We are in consolidation Post#647. The threat is previous price action PPA resistance just above current PA. right now 5EMA is flat, if that show 12-2 and 4-6 clock angle, that would be a bonus. MC breakouts do fail as we seen a few in its history, therefore I have a Plan A and a Plan B....
Attached Image (click to enlarge)
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DE30 Jun 14 h4 update:

what do we see in the TDI?
Green cross Red and both are in the same direction. Am I seeing this correctly?

Look at the price above, the CONSOLIDATION range and no clear H4 breakout.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,513
  • Jun 13, 2019 2:00am Jun 13, 2019 2:00am
Quoting Pippopotamus
Closed trade for about +50 pips(51.2). Time for sleep. {image}

very good trade.

Its a 2R trade with that 25pips SL...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,514
  • Jun 13, 2019 2:06am Jun 13, 2019 2:06am
Quoting emmanuel7788
{quote} {image} DE30 Jun 14 h4 update: what do we see in the TDI? Green cross Red and both are in the same direction. Am I seeing this correctly? Look at the price above, the CONSOLIDATION range and no clear H4 breakout. {image}
Attached Image (click to enlarge)
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DE30 Jun 13 H4 update LO.

New H4 opens, TDI RSI price Line hooks up and small candle which is an Inside Bar.

CONSOLIDATION continues ... Do No trade when PA is in CONSOLIDATION Post#647.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,515
  • Jun 13, 2019 2:18am Jun 13, 2019 2:18am
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}
Just closed yesterday's trade for 14 green pips
Now going to spend s bit if time looking for a better setup.

Cheers
Andy
  • #96,516
  • Jun 13, 2019 3:55am Jun 13, 2019 3:55am
Lol. Timezones...

The milion dollar trader is unable identify markethours . Thats another thing revealing him. In the method of BIG E the market hours (momentum) are more important than the trend. He was in and out for 1 or 2 candles. Emanuell0000 didn`t get it till today. That speak books. Books.......
Newbies be warned of emmanuel7788. Hes not true.
  • #96,517
  • Jun 13, 2019 4:07am Jun 13, 2019 4:07am
Quoting Malony
Lol. Timezones... The milion dollar trader is unable identify markethours . Thats another thing revealing him. In the method of BIG E the market hours (momentum) are more important than the trend. He was in and out for 1 or 2 candles. Emanuell0000 didn`t get it till today. That speak books. Books.......

hey Malony

You get a thumbs up for this post today. I love to read. Reading make me happy because when I learn from reading, it makes me happy.

You are correct to say that momentum is important. That is what the TDI RSI Price Line and Trade Signal Lines are showing us by comparing the moving average of the RSI(period 13) data. The 'trend'or what Big E said about each swing of 3 to 8 candles is also important. Price moves in waves or swings. Please post some charts to help us learn how you trade. I am sure other members would appreciate you sharing and participation in discussions in this thread. I look forward to more posts from you.

Big E did not always 'in and out for 1 or 2 candles'. His favourite was look for setups at his local time 10PM and 2AM H4 candles, he close all trades at 6AM.

He made discretionary decisions when he was trading. For examples these two post below:

Post#8449
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Post#10,872
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I have tested these and have been trading following his advice since 2015. It is true that we can make more pips following these two posts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,518
  • Jun 13, 2019 4:13am Jun 13, 2019 4:13am
Quoting gj7rwt
{quote} Just closed yesterday's trade for 14 green pips Now going to spend s bit if time looking for a better setup. Cheers Andy

for making money....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,519
  • Jun 13, 2019 4:15am Jun 13, 2019 4:15am
USDCHF is showing an insteresting dynamic.

There is room to go up, between now and tomorrow. A good SL would be this week's low.

Let's just follow the price.

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It's not over, until I win.
  • #96,520
  • Jun 13, 2019 4:21am Jun 13, 2019 4:21am
Quoting emmanuel7788
{quote} hey Malony You get a thumbs up for this post today. I love to read. Reading make me happy because when I learn from reading, it makes me happy. You are correct to say that momentum is important. That is what the TDI RSI Price Line and Trade Signal Lines are showing us by comparing the moving average of the RSI(period 13) data. The 'trend'or what Big E said about each swing of 3 to 8 candles is also important. Price moves in waves or swings. Please post some charts to help us learn how you trade. I am sure other members would appreciate...
Hi Knucklehead

You remember this post
Post 96,273 :teach people here by regurgitating with cut-and-paste the OP posts

You are regurgitating BigE's post's?
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