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Trading Made Simple

  • #106,001
  • Jul 2, 2020 3:54am Jul 2, 2020 3:54am
Quoting KennethYang
{quote} Thank you very much~!! But USD/CAD is going down.. 4H is pretty difficult..
it is sideways on Weekly and Daily.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Weekly WCC WRB Jul 02 2-7-2020 4-17-38 pm.png Size: 13 KB


the weekly high-low is getting smaller.

there are a few things which I consider when I am trading H4 swing.

1) the OP mentioned many times, each swing is 3 to 8 candles, but H4 has 29 candles in one week, so if each swing is 3 to 8 candles, how many swings are there is one week? if this is the case, what is the market type condition - trending or sideways/wide ranging?

2) If it is ranging sideways seen on the Weekly, then I look at the Weekly high - low range and compare that to the average weekly range of the past 52 weeks. if that range is narrow, I skip the pair and look at the other 8 pairs of the OP.

3) I have 20 pairs on my H4 watchlist and these 20 pairs will give me more trading opportunities than just 8 pairs. You only need 5 good trades per week and with 3 wins / 2 losses, is achievable with proven exit management. You don't have to use the TDI green line for exit. There are many other exit options using price action and candlesticks. The TDI exit is not a good exit strategy.

4) Look for trades using the 10PM, 2AM PDT like the OP used to. I start looking for trade at the 6PM PDT candle too which is during the Tokyo session prior to the Frankfurt Open.

5) I don't have to close my trades at 6AM PDT if I see the trend has been established and I have profit locked, and has potential to run into the NY session right up to the London Close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,002
  • Jul 2, 2020 3:58am Jul 2, 2020 3:58am
Quoting emmanuel7788
{quote} but the Market Watch clock is the broker server clock and it shows realtime clock and not based on price ticks. lddd was talking about those MT4 custom indicators which shows the candle remaining time and that is based on price tick of the price chart. {image}
Just watch the Market Watch clock.
Also I replayed to DrDave and not to Iddd.
  • #106,003
  • Jul 2, 2020 4:09am Jul 2, 2020 4:09am
TMS Monitor H4 Jul 02 2AM PDT

a few good ones , with good SL placement and TP. I picked 3...

you do not always have to enter using APB/HA candle2 #1 and #2, entries on candle#3 , #4 and #5 is okay so long you have a good SL placemenet and use %Risk and Position Size.

Check again at the next H4 6AM candle and decide you exit or stay and fight the NY session till London Close.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jul 02 H4 2AM PDT 2-7-2020 5-06-10 pm.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,004
  • Jul 2, 2020 4:12am Jul 2, 2020 4:12am
Quoting Tekkies
{quote} Just watch the Market Watch clock. Also I replayed to DrDave and not to Iddd.

and I replied to your post and stated what I know about the broker' Market Watch clock from the MT4 forums.

-----------------
but the Market Watch clock is the broker server clock and it shows realtime clock and not based on price ticks.

lddd was talking about those MT4 custom indicators which shows the candle remaining time and that is based on price tick of the price chart.

------------------
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,005
  • Jul 2, 2020 4:21am Jul 2, 2020 4:21am
Quoting KennethYang
{quote} Thank you very much~!! But USD/CAD is going down.. 4H is pretty difficult..
Maybe you missed this post?
Quoting DrDave
I agree that USDCAD is likely going into a down move on larger TFs. However, W1 at the moment is clearly in an upswing that is likely an up continuation, not in a downtrend. D1 is probably now on a RALLY to the swing down that started last week. We have to see how high price goes before it turns back down to determine if it is indeed in a downtrend or is making another continuation of its uptrend. If the upswing does end as a rally, then the down continuation will likely be the end of the W1 upswing. H4 clearly shows the D1 rally underway....
So, you can see marked on the D1 the up swing of the W1 followed by the D1 downswing, then upswing. At the moment, price is dropping as you noted as H4 cycles.
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To free Gazans of Hamas, use whatever it takes.
  • #106,006
  • Jul 2, 2020 6:04am Jul 2, 2020 6:04am
Quoting emmanuel7788
{quote} and I replied to your post and stated what I know about the broker' Market Watch clock from the MT4 forums. ----------------- but the Market Watch clock is the broker server clock and it shows realtime clock and not based on price ticks. lddd was talking about those MT4 custom indicators which shows the candle remaining time and that is based on price tick of the price chart. ------------------
it shows realtime clock and not based on price ticks.
On my MT4 platform, every now and then Market Watch clock miss some sekondes.
- Internet delay or lag between severer and computer.
- It relay on ticks (or whatever the time function is called) from the broker server
- Over the weekend the clock is frozen when the market close for weekend.
I don't think brokers switch off server's or disable anything like a clock not to run over the weekend.

Anyway, just watch the clock for a minute or two.
  • #106,007
  • Jul 2, 2020 6:10am Jul 2, 2020 6:10am
GBPUSD Jul 02 M15

risky sell trade one hour to NY open

I see 'resistance' on my Daily being tested the second time.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jul 02 M15 pre-NYO 2-7-2020 7-07-52 pm.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,008
  • Edited 6:30am Jul 2, 2020 6:16am | Edited 6:30am
Quoting Tekkies
{quote} it shows realtime clock and not based on price ticks. On my MT4 platform, every now and then Market Watch clock miss some sekondes. - Internet delay or lag between severer and computer. - It relay on ticks (or whatever the time function is called) from the broker server - Over the weekend the clock is frozen when the market close for weekend. I don't think brokers switch off server's or disable anything like a clock not to run over the weekend. Anyway, just watch the clock for a minute or two.

does your PC clock depends on price tick? NO!

the same with the broker' computer server. the server clock does not depends on symbol price ticks. it is its internal CPU clock.

when the server stops at its trading hours, the Market Watch clock stops. where does the broker get its price feed data from? that server needs to be in sync with its price feed/s. that has nothing to do with the symbol price data which our MT4 receives from our broker.

there is s lag between the Market Watch clock and the candle remaining time indicators which lddd was talking about.

Edit:

Now go to this thread and perhaps you will learn something which is fact and not assumptions.
https://www.forexfactory.com/showthread.php?t=109305



.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,009
  • Jul 2, 2020 6:58am Jul 2, 2020 6:58am
Quoting emmanuel7788
GBPUSD Jul 02 M15 risky sell trade one hour to NY open I see 'resistance' on my Daily being tested the second time. {image}

GBPUSD Jul 02 M15 trade closed

PA bounce off BRN 1.2500 and invalidated the trade.
loss -10pips

It will be NFP soon.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jul 02 M15 trade closed loss 2-7-2020 7-55-49 pm.png Size: 37 KB


now off to US E-Mini Futures market trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,010
  • Jul 2, 2020 7:07am Jul 2, 2020 7:07am
Quoting emmanuel7788
{quote} GBPUSD Jul 02 M15 trade closed PA bounce off BRN 1.2500 and invalidated the trade. loss -10pips It will be NFP soon. {image} now off to US E-Mini Futures market trading.
I closed my pending limit order at 1.2532. As you say too risky with the NFP comming up.
  • #106,011
  • Jul 2, 2020 7:30am Jul 2, 2020 7:30am
Quoting emmanuel7788
{quote} does your PC clock depends on price tick? NO! the same with the broker' computer server. the server clock does not depends on symbol price ticks. it is its internal CPU clock. when the server stops at its trading hours, the Market Watch clock stops. where does the broker get its price feed data from? that server needs to be in sync with its price feed/s. that has nothing to do with the symbol price data which our MT4 receives from our broker. there is s lag between the Market Watch clock and the candle remaining time indicators which lddd...
Some more bad advice Emmanuel?
Will rather go to this webpage: https://docs.mql4.com/dateandtime/timecurrent
or press F1:
Market Watch:
Time — show time of incoming quotes.
-- No quotes No time <> No tick No time
That is a fact.

When Tekkies post you got to lay an egg (post) no matter how stupid the post is.
  • #106,012
  • Jul 2, 2020 7:33am Jul 2, 2020 7:33am
Quoting emmanuel7788
{quote} use the platform Market Watch clock as your timer when you realise the custom clock indicators are lagging.
Thanks. Sometimes solutions can be so easy
  • #106,013
  • Jul 2, 2020 7:40am Jul 2, 2020 7:40am
Quoting Tekkies
{quote} Some more bad advice Emmanuel? Will rather go to this webpage: https://docs.mql4.com/dateandtime/timecurrent or press F1: Market Watch: Time — show time of incoming quotes. -- No quotes No time <> No tick No time That is a fact. When Tekkies post you got to lay an egg (post) no matter how stupid the post is.

and the conclusion is your knowledge here is limited.

you are too stupid to be posting in this thread was the conclusion of realjujmper.
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Click to Enlarge Name: Tekkies #105,544 realjumper reply #105,545.png Size: 82 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #106,014
  • Jul 2, 2020 7:55am Jul 2, 2020 7:55am
Quoting emmanuel7788
{quote} and the conclusion is your knowledge here is limited. you are too stupid to be posting in this thread was the conclusion of realjujmper. {image}
  • #106,015
  • Jul 2, 2020 8:03am Jul 2, 2020 8:03am
Quoting kirinda
{quote} I closed my pending limit order at 1.2532. As you say too risky with the NFP comming up.
Took entry at hour close. 15M candle looks good. Will exit if 5M close is above 1.2500.
  • #106,016
  • Jul 2, 2020 8:07am Jul 2, 2020 8:07am
took all trades on m15 TDI .
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  • #106,017
  • Jul 2, 2020 8:08am Jul 2, 2020 8:08am
still going these trades. 40 SL i use for spikes. tp 12 pips
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  • #106,018
  • Jul 2, 2020 8:10am Jul 2, 2020 8:10am
SL didnt hit all this week. only positive trades right now. will see in future.
  • #106,019
  • Jul 2, 2020 8:12am Jul 2, 2020 8:12am
example
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  • #106,020
  • Jul 2, 2020 8:16am Jul 2, 2020 8:16am
for me it works great. found it very profitable. 20 - 40 trades in a day using using this.
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