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Trading Made Simple(r)

  • #4,161
  • Oct 1, 2019 3:58pm Oct 1, 2019 3:58pm
AUDCAD has slowed down but I'm seeing nothing that suggests it won't just carry on south when trading picks up in the early hours. And in any case I've already got a small profit locked in so I'm happy to leave it and see if I wake up to a nice surprise in the morning

I'm trying to only make trades I'm completely comfortable walking away from. I want them to be able to survive in the wild on their own, without me holding their hands and wiping their bottoms
  • #4,162
  • Oct 1, 2019 4:28pm Oct 1, 2019 4:28pm
little loss eursgd d1 continuation stop out in almost breakeven with two days look back
Attached Image (click to enlarge)
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  • #4,163
  • Oct 1, 2019 4:32pm Oct 1, 2019 4:32pm
Quoting RobinHood
{quote} It's always the high or low of 2 bars back UNLESS the last bar is a BIG bar and then I might only use 1 bar back.
but for d1 how you do it if bar before yesterday is not higher or lower then yesterday bar? you go more left to find next bar who will be higher or lower then yesterday bar?
  • #4,164
  • Oct 1, 2019 6:42pm Oct 1, 2019 6:42pm
I have been reading and learning as much as I can from this thread and I was wondering if this method would work just as well on the 1 hour time frame?
  • #4,165
  • Oct 1, 2019 7:36pm Oct 1, 2019 7:36pm
Quoting stackpips
I have been reading and learning as much as I can from this thread and I was wondering if this method would work just as well on the 1 hour time frame?
You need 4H or above I'm afraid.
  • #4,166
  • Oct 1, 2019 7:38pm Oct 1, 2019 7:38pm
Quoting forexdg
little loss eursgd d1 continuation stop out in almost breakeven with two days look back {image}
This is why I like to lock in some profits around 30 pips, usually 50% of the trade.
  • #4,167
  • Oct 1, 2019 7:39pm Oct 1, 2019 7:39pm
Quoting forexdg
{quote} but for d1 how you do it if bar before yesterday is not higher or lower then yesterday bar? you go more left to find next bar who will be higher or lower then yesterday bar?
Can you screenshot and post a couple of examples?
  • #4,168
  • Edited 12:39am Oct 2, 2019 12:19am | Edited 12:39am
CADJPY possible buy signal


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Click to Enlarge Name: cadjpy Capture.JPG Size: 236 KB



GBPNZD possible sell signal

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd Capture.JPG Size: 234 KB
Whether you think you can, or you think you can't,you're right. H.F.
  • #4,169
  • Oct 2, 2019 1:35am Oct 2, 2019 1:35am
Hello Traders:

What are we looking at in this Session?.

Cheers.
  • #4,170
  • Oct 2, 2019 2:41am Oct 2, 2019 2:41am
Quoting krismitt
hello traders: What are we looking at in this session?. Cheers.
aud/jpy
aud/usd
aud/nzd
  • #4,171
  • Oct 2, 2019 2:59am Oct 2, 2019 2:59am
Quoting 40PipsAlan
{quote} aud/jpy aud/usd aud/nzd
Also watching...
NJ
AC

Cheers,
  • #4,172
  • Oct 2, 2019 3:24am Oct 2, 2019 3:24am
Quoting itsDavid
{quote} You need 4H or above I'm afraid.
Thanks, I guess i'll have to be a lot more patient!

By the way, from what I have read so far we have to wait until candle closure before placing a trade? so you place trades every 4 hours?

Cheers
  • #4,173
  • Oct 2, 2019 4:12am Oct 2, 2019 4:12am
Quoting stackpips
{quote} Thanks, I guess i'll have to be a lot more patient! By the way, from what I have read so far we have to wait until candle closure before placing a trade? so you place trades every 4 hours? Cheers
I think the H1 trading is valid so long as you keep an eye on the H4 direction
You have to make the method work for you and if that means a few tweaks here and there then go for it. If it doesn't work then try the H4 or even the D1 and see if things improve.
  • #4,174
  • Oct 2, 2019 4:16am Oct 2, 2019 4:16am
Lots of H4 Setups across the Board Alan!.

Trade well.
  • #4,175
  • Oct 2, 2019 4:27am Oct 2, 2019 4:27am
Quoting 40PipsAlan
{quote} I think the H1 trading is valid so long as you keep an eye on the H4 direction You have to make the method work for you and if that means a few tweaks here and there then go for it. If it doesn't work then try the H4 or even the D1 and see if things improve.
Sounds good, I do prefer trading on the H1 as I have a lot of time. I'll start on that and see how it works for me. Thanks
  • #4,176
  • Oct 2, 2019 4:50am Oct 2, 2019 4:50am
Quoting stackpips
I have been reading and learning as much as I can from this thread and I was wondering if this method would work just as well on the 1 hour time frame?
Considering that RH merely posted a variety of methods and not a system, it is up to you to try some of the methods for yourself with your own adjustments for H1. After you have several weeks of testing, you could report back with the settings and results, if you are so inclined.
To free Gazans of Hamas, use whatever it takes.
  • #4,177
  • Oct 2, 2019 4:52am Oct 2, 2019 4:52am
My basket is full today, great signals all over the place. Couldn't get to the PC until 30 minutes after the close which is something I need to change, I'm missing out on pips because of it.
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  • #4,178
  • Edited 5:25am Oct 2, 2019 4:52am | Edited 5:25am
Quoting Kwt4x
{quote} Hello RH, Actually it's easy, according to GANN's Natural Price R/S Levels {image} but GANN is talking about the $1 which has 100 cents in forex $1 equals 10000 pips for the first number on the left to change so, deviding the 10000 pips by 8 you get 1/8=1250 pips , works well with monthly and weekly trading {image} for Daily trading you need to devide every 1/8 by 8 to get 1/64=156.25 pips {image} for H4 you can devide 1/64 by 4 to get 1/256=39.0625 pips {image} below that, is just crazy but you get 1/512=19.53 pips, might be good...
Kwt4x

you can go deeper because it is a partial way

Every Price Action Range can be divided by 8 and subdivided by 8, more precisely by 2 or power of 2

The second point is that you can position your Baseline (Starting Line) where you want or find the most effective - generally a Low or a High
Attached File(s)
File Type: pptx 2 FRACTAL STRUCTURE OF TIME AND PRICE ENGLISH 17.pptx   2.2 MB | 405 downloads
File Type: pptx 3 PRICE PARABOLIC BEHAVIOUR AND FIBONACCI ENGLISH 22.pptx   4.0 MB | 433 downloads
  • #4,179
  • Oct 2, 2019 4:57am Oct 2, 2019 4:57am
Quoting 40PipsAlan
{quote} I think the H1 trading is valid so long as you keep an eye on the H4 direction You have to make the method work for you and if that means a few tweaks here and there then go for it. If it doesn't work then try the H4 or even the D1 and see if things improve.

It's nice to trade D1 however it requires much bigger SL and room for breathing, therefore it requires much more capital than lower TF. Maybe I'd suggest to go to 30M or even 15M TM to learn.Candels are moving same way only faster and on real account smaller SL and capital is needed.
Whether you think you can, or you think you can't,you're right. H.F.
  • #4,180
  • Oct 2, 2019 5:04am Oct 2, 2019 5:04am
Quoting Simply-Me
{quote} It's nice to trade D1 however it requires much bigger SL and room for breathing, therefore it requires much more capital than lower TF. Maybe I'd suggest to go to 30M or even 15M TM to learn.Candels are moving same way only faster and on real account smaller SL and capital is needed.
I'm not sure I agree with this. There are loads of signals on the H4, and you can always backtest using live charts if not, or you just want more signals to try.

In my view all demo trading should mimic real money trading as closely as possible, which means that any system designed for longer timeframes should only be demo'd on longer timeframes.

Just my thoughts anyway.
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