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Trading Made Simple(r)

  • #3,681
  • Sep 9, 2019 5:26pm Sep 9, 2019 5:26pm
GBPCAD-H4
Just using the 2-candle rule for Stops this week (as opposed to ADR)
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Trade well.
  • #3,682
  • Sep 9, 2019 6:34pm Sep 9, 2019 6:34pm
I'm holding on
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  • #3,683
  • Sep 9, 2019 6:43pm Sep 9, 2019 6:43pm
EUR/JPY
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  • #3,684
  • Sep 9, 2019 8:22pm Sep 9, 2019 8:22pm
Just took a long position on NZDCHF
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  • #3,685
  • Sep 10, 2019 12:10am Sep 10, 2019 12:10am
Quoting rhzishan
Just took a long position on NZDCHF {image}
as per page #1, position should be taken at bar 1 or bar 2. Otherwise it is too risky
  • #3,686
  • Sep 10, 2019 1:07am Sep 10, 2019 1:07am
Quoting winer777
{quote} as per page #1, position should be taken at bar 1 or bar 2. Otherwise it is too risky
Yes as you can see I took on bar 1 (Continuation Trade)
  • #3,687
  • Edited 10:49am Sep 10, 2019 6:26am | Edited 10:49am
Yesterday I took long positions on EURJPY & USDJPY for a total account profit of 3%, so a great headstart on the week (my goal is 1% per trading day). Last week I came in a little behind at 4.2% overall, but I'm still very happy with that. Especially as a couple of errors in my understanding of Cavemanager cost me around 1%, so the trades were actually on target, and the errors won't be repeated.

Not seeing much setting up today, keeping my eye on a possible short developing on AUSDGD, but it's not there yet and I might not take any trades today.

ADDED: I don't think that's going to set up as a short after all. Looks more likely that it will bounce back into a possible long. Going to give it a miss in any case.
  • #3,688
  • Sep 10, 2019 7:53am Sep 10, 2019 7:53am
Quoting krismitt
{quote} Here you go David. {file} Cheers.
Thanks again for the indi. Looks very useful.

Can you explain the significance of the skull and crossbones it puts at the bottom right corner? If there is any at all
  • #3,689
  • Sep 10, 2019 8:04am Sep 10, 2019 8:04am
GBP/NZD continuation?
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  • #3,690
  • Sep 10, 2019 8:25am Sep 10, 2019 8:25am
Continuation on AUDNZD?
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  • #3,691
  • Sep 10, 2019 8:43am Sep 10, 2019 8:43am
Quoting itsDavid
Continuation on AUDNZD? {image}
I just took GBPUSD, GBPJPY, EURGBP, CADJPY as a continuation trade but GBP/NZD & AUDNZD both looks good in H4 but both of their Daily chart wasn't seems convencing to me to take a trade
  • #3,692
  • Sep 10, 2019 9:03am Sep 10, 2019 9:03am
Quoting rhzishan
{quote} I just took GBPUSD, GBPJPY, EURGBP, CADJPY as a continuation trade but GBP/NZD & AUDNZD both looks good in H4 but both of their Daily chart wasn't seems convencing to me to take a trade
My chart HMA only agreeing for the EUR/GBP trade
  • #3,693
  • Sep 10, 2019 10:42am Sep 10, 2019 10:42am
Quoting rhzishan
{quote} I just took GBPUSD, GBPJPY, EURGBP, CADJPY as a continuation trade but GBP/NZD & AUDNZD both looks good in H4 but both of their Daily chart wasn't seems convencing to me to take a trade
I was watching a couple of those but had to go out this afternoon so wasn't able to to see if they developed enough for a trade. Hope you do well with them

Looks like AUDNZD has developed well. So it should be good for a few well earned pips
  • #3,694
  • Sep 10, 2019 11:02am Sep 10, 2019 11:02am
Quoting itsDavid
{quote} I was watching a couple of those but had to go out this afternoon so wasn't able to to see if they developed enough for a trade. Hope you do well with them Looks like AUDNZD has developed well. So it should be good for a few well earned pips
Yap AUDNZD is going well so far but I'm not in it, Green Pips Dear
  • #3,695
  • Sep 10, 2019 11:05am Sep 10, 2019 11:05am
Quoting rhzishan
{quote} Yap AUDNZD is going well so far but I'm not in it, Green Pips Dear
AUDSGD is looking like a possibly long continuation soon as well. Waiting to see how that one develops (the stochs haven't confirmed yet). I did plan to leave it but I'm rethinking that now since AUD looks strong.
  • #3,696
  • Sep 10, 2019 12:09pm Sep 10, 2019 12:09pm
Reading through the thread I've noticed a lot of mixed feelings about trading CHF pairs with this method (and to a lesser extent CAD pairs). Additionally there are no CHF pairs in the five main groups.

Is there any consensus yet on CHF pairs, or are they still generally avoided?
  • #3,697
  • Sep 10, 2019 1:07pm Sep 10, 2019 1:07pm
Quoting itsDavid
Reading through the thread I've noticed a lot of mixed feelings about trading CHF pairs with this method (and to a lesser extent CAD pairs). Additionally there are no CHF pairs in the five main groups. Is there any consensus yet on CHF pairs, or are they still generally avoided?
PERSONALLY, I don't like trading the CHF or CAD pairs.

I do it sometimes, but they seem to disappoint me more often than not.
Always a Student, Never a Master - Emulate What Works
  • #3,698
  • Sep 10, 2019 1:10pm Sep 10, 2019 1:10pm
Quoting RobinHood
{quote} PERSONALLY, I don't like trading the CHF or CAD pairs. I do it sometimes, but they seem to disappoint me more often than not.
Your misgivings about those pairs (which I've noticed in previous posts) are the main reason I asked the question to be honest.
  • #3,699
  • Sep 10, 2019 1:56pm Sep 10, 2019 1:56pm
Quoting itsDavid
{quote} Thanks again for the indi. Looks very useful. Can you explain the significance of the skull and crossbones it puts at the bottom right corner? If there is any at all
I have absolutely no idea what is is, or what it is for!.

Cheers.
  • #3,700
  • Sep 10, 2019 1:58pm Sep 10, 2019 1:58pm
Quoting itsDavid
Continuation on AUDNZD? {image}
Looks to me like one of your Trend INdicators is telling you not to go Long this pair David

Cheers.
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