Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading Made Simple 140,522 replies

Trading Made Simple the right way, and other trading lessons 324 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple(r)
Exit Attachments

Trading Made Simple(r)

Quoting paroucia
{quote} H4: {image} D1: indicators are downside. {image} i opened in 5M chart. why do you think it's wrong?
Thank, but the set up was 2 candles before, right?
Quoting paroucia
{quote} Morning Marcus i'm still short EURCAD by yesterday and also short AUDUSD right now. i keep an eye on AUDCHF too.
Hi paroucia,

I would be very careful with shorting AUDUSD. RSI hasn't crossed the 50 line yet. And if it does cross there are already 7 red candles. What could be a good idea though is to wait for a possible pullback and then enter a continuation trade, if the RSI is also below 50 by then ofcourse. Just my 2 cents.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 74 KB
Quoting marcara
{quote} Thank, but the set up was 2 candles before, right?
1 candle before.
Quoting Jan81
{quote} Hi paroucia, I would be very careful with shorting AUDUSD. RSI hasn't crossed the 50 line yet. And if it does cross there are already 7 red candles. What could be a good idea though is to wait for a possible pullback and then enter a continuation trade, if the RSI is also below 50 by then ofcourse. Just my 2 cents. {image}
it's a good point and think you're right. i entered soon. i need to be patient and wait all indis cross 50 line.
Thanks buddy
Quoting Jan81
{quote} Hi paroucia, I would be very careful with shorting AUDUSD. RSI hasn't crossed the 50 line yet. And if it does cross there are already 7 red candles. What could be a good idea though is to wait for a possible pullback and then enter a continuation trade, if the RSI is also below 50 by then ofcourse. Just my 2 cents. {image}
Perfectly explained, thanks.
Quoting gj7rwt
Anyone considering this as a valid continuation trade? {image}
How did you add two stochastic and RSI in one chart window in Trade interceptor mobile setting?
Share your setting details.
NEWS DATA management.
I am struggling how to manage the set ups and data news.

Example GBPUSD two days ago. Graph is Japanesse Candles in order to see better were the price was.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_9.png Size: 91 KB


1.- SET UP was candle from 09:00-13:00 (candle just after NY open).
2.- Then there are 3 candles (JPY and AUD session) that the price remains at the same place.
3.- Next candle, important GBP data news is coming, see attached image. So the price will react depending on he data.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_10.png Size: 23 KB


Any comments will be welcomed.

Thanks
Quoting Jan81
{quote} Hi paroucia, I would be very careful with shorting AUDUSD. RSI hasn't crossed the 50 line yet. And if it does cross there are already 7 red candles. What could be a good idea though is to wait for a possible pullback and then enter a continuation trade, if the RSI is also below 50 by then ofcourse. Just my 2 cents. {image}
It's a crossover trade it's a little different entry levels but RH has explained this b4.. just like my other charts when u all said I entered to early.. it's an early entry method by RH a little advanced for the newer traders I think
Just entered a eur/cad continuation trade
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 165 KB
Quoting PhillipmC
{quote} It's a crossover trade it's a little different entry levels but RH has explained this b4.. just like my other charts when u all said I entered to early.. it's an early entry method by RH a little advanced for the newer traders I think
Thanks Phillip Can you explain or point out the post of these early entry method?

thanks
AUDCAD H4continuation trade.

D1 is not confirming but it is clearly in a down trend and the last three daily candles seem unable to cross the last swing
Quoting PhillipmC
{quote} It's a crossover trade it's a little different entry levels but RH has explained this b4.. just like my other charts when u all said I entered to early.. it's an early entry method by RH a little advanced for the newer traders I think
Hi Phillip,

I didn't say anything about your entries being too early, but those 2 trades you posted were continuation trades and not crossover trades. To my knowledge the rules aren't different concerning the Stoch and RSI; you do need them below 50 for a short and above for a long. I am curious what different entry levels you talk about? Maybe I have missed them.
Quoting marcara
AUDCAD continuation trade
Tempting, but the RSI hasn't crossed below the 50 line yet
i think Phillip was talking to me : ))
you're right Phillip. sometimes have a little kid in the house makes you distracting
continuation trade on the GBPNZD taken a few hours ago,
5m 4hr and daily,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 156 KB
Click to Enlarge Name: Screenshot2.png Size: 158 KB
Click to Enlarge Name: Screenshot3.png Size: 167 KB
Just trying to put a kiss on the cheek of success
Quoting marcara
AUDCAD H4continuation trade. D1 is not confirming but it is clearly in a down trend and the last three daily candles seem unable to cross the last swing
Agree. Entering Short AUDCAD at new 4H Candle.
Quoting paroucia
i think Phillip was talking to me : )) you're right Phillip. sometimes have a little kid in the house makes you distracting
Haha tell me about it kids wife yelling at u.. all while trying to trade hahaha
Quoting pet3250
continuation trade on the GBPNZD taken a few hours ago, 5m 4hr and daily, {image} {image} {image}
Hi on which chart is it a continuation trade?
Quoting martbac
{quote} Hi on which chart is it a continuation trade?
Its a continuation tade on the 5 minute TF whilst being in a confirmed downtrend on both the 4HR and Daily
Just trying to put a kiss on the cheek of success
Quoting pet3250
{quote} Its a continuation tade on the 5 minute TF whilst being in a confirmed downtrend on both the 4HR and Daily
Ok Thanks, just trying to understand what and why people do things as I am very new to trading.

Regards,

Mart.
Continuation.
looks good on daily and weekly
Attached Image (click to enlarge)
Click to Enlarge Name: NU.PNG Size: 155 KB
3 traders viewing now