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Trading Made Simple(r)

  • #2,601
  • Aug 8, 2019 10:02pm Aug 8, 2019 10:02pm
Quoting emmanuel7788
{quote} Good morning. Yes. Good to trade safe now unless you have profits locked in this week then do not take new trades with additional risks. It is unlikely that RBA can match what RBNZ did this week with that drastic rate cut. RBA will make its rate cut at the next meeting to boost falling domestic spending. Ongoing trade war and accusation of currency manipulation by China will cause some uncertainty and short periods of volatility. Trade Safe and always use Capital Protection.
Thank you sir.

I don't H4 and D1 trade today.

Friday is short time frame trading day for me.

I'm going to bed and wake up before London open.

Green pips!

Mrs.W
  • #2,602
  • Aug 8, 2019 10:03pm Aug 8, 2019 10:03pm
Quoting Mercennary
{quote} Stop loss at safe place, so yeah, will hold it for sure. Lets see how it goes
I see!

Green pips!

Mrs.W
  • #2,603
  • Aug 9, 2019 12:00am Aug 9, 2019 12:00am
Quoting krismitt
{quote} This looks like a Crossover Trade to me Mtacki Trade well.
hi
ypu mean because the stochs and rsi rose above the 50 Level before ?
  • #2,604
  • Aug 9, 2019 2:09am Aug 9, 2019 2:09am
Hi Emmanuel,
I have a question regarding Cavemanager.
If it is trailing a stop on the H4 by last candle high and I switch to the H1 it looks like it then recalculates for that chart?
I am hoping it doesn't do that, gonna mess the trade up. Ta
  • #2,605
  • Aug 9, 2019 2:55am Aug 9, 2019 2:55am
Quoting 40PipsAlan
Hi Emmanuel, I have a question regarding CaveManager. If it is trailing a stop on the H4 by last candle high and I switch to the H1 it looks like it then recalculates for that chart? I am hoping it doesn't do that, gonna mess the trade up. Ta
When you have open trades manage by CaveManager you must not switch the chart timeframe because CM will re-calculate all it data based on the new chart timeframe.
Also you do not stop or switch off MT4 running chart in that PC. Any interruption of the MT4 running CM will re-initiate all data by CM.

*** Important to have a PC running uninterrupted when you have any expert advisor running ***
If you can , use a VPS service.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,606
  • Aug 9, 2019 6:17am Aug 9, 2019 6:17am
There comes the moves...
  • #2,607
  • Aug 9, 2019 6:35am Aug 9, 2019 6:35am
Quoting coloroffeels
There comes the moves...
How about you add some context to that?

Oh, you swallowed some laxative about 12 hours ago?

Careful! That guy is making a move on your girlfriend!

EURGBP is rocketing on m15!

USDCAD m5 has nice caterpillar moves! up-down-up-down- ...
To free Gazans of Hamas, use whatever it takes.
  • #2,608
  • Aug 9, 2019 6:42am Aug 9, 2019 6:42am
Quoting DrDave
{quote} How about you add some context to that? Oh, you swallowed some laxative about 12 hours ago? Careful! That guy is making a move on your girlfriend! EURGBP is rocketing on m15! USDCAD m5 has nice caterpillar moves! up-down-up-down- ...
Your Truck hasn't moved this week
Attached Image
  • #2,609
  • Aug 9, 2019 6:42am Aug 9, 2019 6:42am
Quoting DrDave
{quote} How about you add some context to that? Oh, you swallowed some laxative about 12 hours ago? Careful! That guy is making a move on your girlfriend! EURGBP is rocketing on m15! USDCAD m5 has nice caterpillar moves! up-down-up-down- ...
Wow...
  • #2,610
  • Aug 9, 2019 6:45am Aug 9, 2019 6:45am
According to the strategy we can wait for a long signal as Daily and Weekly are turning north. You choose... I will probably try it as the breakout was clear.
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  • #2,611
  • Aug 9, 2019 6:47am Aug 9, 2019 6:47am
According to the strategy, I feel my short trade here was taken too early. At least on the 4H, is that correct?

Stoch not low enough? RSI not low enough, and too sideways?
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  • #2,612
  • Aug 9, 2019 6:51am Aug 9, 2019 6:51am
Quoting itsDavid
According to the strategy, I feel my sell trade here was done too early. At least on the 4H, is that correct? Stoch not low enough? RSI not low enough, and too sideways? {image}
Yes, mate. You already answered it by yourself. Better wait for all the indicators to point in your direction. Also, try to pick the direction from the Daily and Weekly.
  • #2,613
  • Aug 9, 2019 6:54am Aug 9, 2019 6:54am
Quoting coloroffeels
{quote} Yes, mate. You already answered it by yourself. Better wait for all the indicators to point in your direction. Also, try to pick the direction from the Daily and Weekly.
yeah, upwards
  • #2,614
  • Aug 9, 2019 6:57am Aug 9, 2019 6:57am
Quoting 40PipsAlan
{quote} yeah, upwards
Check the chart on the left side. You've got a similiar scenario. I am not telling you it will not work this time as nobody knows. At this moment i will wait for a long signal if the stars are alligned as someone already sayed. But the things can change, let's see.
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  • #2,615
  • Aug 9, 2019 6:58am Aug 9, 2019 6:58am
Quoting coloroffeels
{quote} Yes, mate. You already answered it by yourself. Better wait for all the indicators to point in your direction. Also, try to pick the direction from the Daily and Weekly.
Thanks. I'm currently taking trades like this sometimes where I am not sure as I am paper trading to learn and so don't mind mistakes as long as I know that have made them. It's also a chance to see the results of those errors. I just wanted to check that the error/s was where I thought it was.
  • #2,616
  • Aug 9, 2019 6:59am Aug 9, 2019 6:59am
Quoting coloroffeels
{quote} Check the chart on the left side. You've got a similiar scenario. I am not telling you it will not work this time as nobody knows. At this moment i will wait for a long signal if the stars are alligned as someone already sayed. But the things can change, let's see. {image}
Yeah, funnily enough you posted at just about the same time as me so I saw that when I had finished my own post. It was interesting since you were looking in the opposite direction.
  • #2,617
  • Aug 9, 2019 7:02am Aug 9, 2019 7:02am
Quoting coloroffeels
{quote} Check the chart on the left side. You've got a similiar scenario. I am not telling you it will not work this time as nobody knows. At this moment i will wait for a long signal if the stars are alligned as someone already sayed. But the things can change, let's see. {image}
Weekly gonna close above the EMA and we know Emmanuel likes to see that.
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  • #2,618
  • Aug 9, 2019 7:15am Aug 9, 2019 7:15am
Quoting 40PipsAlan
{quote} Weekly gonna close above the EMA and we know Emmanuel likes to see that. {image}
From my understanding the chart action all points to a continuation upwards at the start of next week, is that a reasonable assessment?
  • #2,619
  • Aug 9, 2019 7:19am Aug 9, 2019 7:19am
Quoting itsDavid
{quote} From my understanding the chart action all points to a continuation upwards at the start of next week, is that a reasonable assessment?
Makes sense to me. Weekly,daily,H4 above the EMA means Buy with maybe confirmation on the H1. Is that about right Emmanuel?
If the candle closes in the middle then move on to the next pair.
  • #2,620
  • Aug 9, 2019 7:25am Aug 9, 2019 7:25am
Quoting 40PipsAlan
{quote} Makes sense to me. Weekly,daily,H4 above the EMA means Buy with maybe confirmation on the H1. Is that about right Emmanuel? If the candle closes in the middle then move on to the next pair.
Also candle size and colour, what session is on, day of the week and probably more.
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