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Trading Made Simple

  • #113,041
  • Dec 14, 2020 7:04am Dec 14, 2020 7:04am
Quoting emmanuel7788
{quote} EURUSD Dec 14 H1 {image}

EURUSD Dec 14 H4

- what I see at NY Open ... the price action HA candle is above its 5EMA and the swing is in its 3rd candle.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 14 H4 at NYO 14-12-2020 9-01-16 pm.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,042
  • Dec 14, 2020 7:05am Dec 14, 2020 7:05am
EURUSD Dec 14 at NY Open

- H1 is still buying

- and the TDI cross down and up and ....

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Dec 14 H1 at NYO 14-12-2020 9-01-38 pm.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,043
  • Dec 14, 2020 7:06am Dec 14, 2020 7:06am
Quoting Tekkies
{quote} You better be right, Dave. ---- On M15, all I see is trader's don't know where price want to go. Buyers hope for up, Sellers beg for down.
And that is EXACTLY why the conservative trader waits for CONFIRMATIONS to trade CONTINUATIONS.
To free Gazans of Hamas, use whatever it takes.
  • #113,044
  • Dec 14, 2020 7:16am Dec 14, 2020 7:16am
Quoting emmanuel7788
Dec 14 H4 {image}
USDJPY Dec 14 FO trades close

- easy one, follow H4 price action HA PA below 5EMA, look for sell only

- +5pips, +10pips, +15pips and +20pips.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Dec 14 H1 FO trade 14-12-2020 9-12-47 pm.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,045
  • Dec 14, 2020 7:24am Dec 14, 2020 7:24am
Quoting hasib
what we are seeing in GU. GU could touch 1.35 very soon.

GBPUSD Dec 14 H1 at NYO

- H4 still bullish at NYO
- anything can happen when this H4 and the next H4.

- 1.35 is possible.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Dec 14 H1 at NYO 14-12-2020 9-22-27 pm.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,046
  • Dec 14, 2020 8:38am Dec 14, 2020 8:38am
Hi! the answer to this is probably somewhere on here, I have carefully read the first 40 pages or so... does anyone have better results using different inputs on the tdi?
(specifically the RSI_Period, RSI_Price and RSI_Price_Type) Or are the inputs from 2011 still the best?
Thanks
  • #113,047
  • Dec 14, 2020 10:01am Dec 14, 2020 10:01am
Quoting DrDave
{quote} And that is EXACTLY why the conservative trader waits for CONFIRMATIONS to trade CONTINUATIONS.
Strongly have to agree with this.. highly speculative actions such as selling the top or buying the dip requires different MM scenarios.
Safest way around is to have a set of confirmations in your mind, and see if the market is throwing them at you, i guess.
  • #113,048
  • Dec 14, 2020 10:33am Dec 14, 2020 10:33am
Quoting PixelSniper
{quote} Strongly have to agree with this.. highly speculative actions such as selling the top or buying the dip requires different MM scenarios. Safest way around is to have a set of confirmations in your mind, and see if the market is throwing them at you, i guess.
These same kind of premature entries were noted back in 2011/2012 on the Extreme TMA thread. Because price had gone far above the top TMA band, people were selling because this is an EXTREME condition, so it cannot last very long and price cannot go up much more. Sure, right. And so several people were stuck with HUGE drawdown for several days as price went up further and then only slowly drifted back down. And of course some of them eventually bailed out with a loss while others launched recovery mode. I simply stayed on the sidelines until the confirmation that the downtrend was underway on that TF.
To free Gazans of Hamas, use whatever it takes.
  • #113,049
  • Dec 14, 2020 11:07am Dec 14, 2020 11:07am
Quoting DrDave
{quote} These same kind of premature entries were noted back in 2011/2012 on the Extreme TMA thread. Because price had gone far above the top TMA band, people were selling because this is an EXTREME condition, so it cannot last very long and price cannot go up much more. Sure, right. And so several people were stuck with HUGE drawdown for several days as price went up further and then only slowly drifted back down. And of course some of them eventually bailed out with a loss while others launched recovery mode. I simply stayed on the sidelines until...
I don't think any type of band can stop this
Attached Image (click to enlarge)
Click to Enlarge Name: asd123.png Size: 63 KB
  • #113,050
  • Dec 14, 2020 11:14am Dec 14, 2020 11:14am
Quoting PixelSniper
{quote} I don't think any type of band can stop this {image}
Look the same as what EG showed when England did the Brexit dance a couple of years ago?
  • #113,051
  • Dec 14, 2020 11:19am Dec 14, 2020 11:19am
Quoting Tekkies
{quote} Look the same as what EG showed when England did the Brexit dance a couple of years ago?
Not sure tbh man, a year ago i only traded physical stuff.. so was not into charts and stuff yet,
Just went back through the charts, there are 2200 pips & 1600 pips down movements made in couple of hours..
This FX thing can be a true mad world
  • #113,052
  • Dec 14, 2020 11:21am Dec 14, 2020 11:21am
Quoting PixelSniper
{quote} I don't think any type of band can stop this {image}
That kind of move has nothing to do with bands.
To free Gazans of Hamas, use whatever it takes.
  • #113,053
  • Dec 14, 2020 11:24am Dec 14, 2020 11:24am
Quoting DrDave
{quote} That kind of move has nothing to do with bands.
That's one of my biggest questions i have in my head.
When a really big spike occur, literally no analysis or indicator can help you..
Do people really take the guts and enter in the direction or what?
Seriously, how to trade that sh...
  • #113,054
  • Dec 14, 2020 11:32am Dec 14, 2020 11:32am
Quoting PixelSniper
{quote} That's one of my biggest questions i have in my head. When a really big spike occur, literally no analysis or indicator can help you.. Do people really take the guts and enter in the direction or what? Seriously, how to trade that sh...
If you are one of the people that typically looks at only 1 or 2 TFs at a time, then it is extremely risky to try to take a profit from those spikes. But if you have several TFs in view at all times, then when a spike catches your eye, immediately look at a much lower TF and see if it has noticeably wider range bars AND they are about the same size. THEN jump in with your finger on the CLOSE button for that trade, so with the slightest sign of hesitation, close out the trade with whatever pips you have and be happy if they are positive (likely that they are.)
To free Gazans of Hamas, use whatever it takes.
  • #113,055
  • Dec 14, 2020 11:47am Dec 14, 2020 11:47am
Quoting Tekkies
{quote} You better be right, Dave. ---- On M15, all I see is trader's don't know where price want to go. Buyers hope for up, Sellers beg for down.
Just mentioned that there is FOMC on Wednesday, the whole stress might be caused by that
  • #113,056
  • Dec 14, 2020 1:42pm Dec 14, 2020 1:42pm
Quoting emmanuel7788
{quote} GBPUSD Dec 14 H1 at NYO - H4 still bullish at NYO - anything can happen when this H4 and the next H4. - 1.35 is possible. {image}
Can somebody attached real proof results at least 5 years ago,with explorer,myfxbook,because,no Pro trading manually,no trading with historical data,why,because they are historical.Alex
  • #113,057
  • Dec 14, 2020 3:10pm Dec 14, 2020 3:10pm
Quoting Alex1055
{quote} Can somebody attached real proof results at least 5 years ago,with explorer,myfxbook,because,no Pro trading manually,no trading with historical data,why,because they are historical.Alex
Hello. And why should somebody prove you something ? I really don’t understand users like you , that wants somebody to prove something . Here is the place where you exchange ideas or somebody wants to teach you something . If you don’t believe or don’t like it ....then ignore the thread . This is not website for paid signals to want proof of results....
  • #113,058
  • Dec 14, 2020 3:50pm Dec 14, 2020 3:50pm
Quoting Alex1055
{quote} Can somebody attached real proof results at least 5 years ago,with explorer,myfxbook,because,no Pro trading manually,no trading with historical data,why,because they are historical.Alex
Why do you need someone to prove a system to you? Are you looking for a mentor? Are you looking for a proven system that you can plug-and-play? Do you think that you can get either of those for free?

Even if you were to receive "proof" that met your requirements for an acceptable system, do you think that it means that YOU would get similar results?

If you have an interest, then why don't you simply open a demo account and test the system as YOU understand it. If the results are satisfactory, great. If not, then you can abandon it and move on, see if you can improve on your own, or ask questions on a relevant forum and see if the answers will help you to improve it.
To free Gazans of Hamas, use whatever it takes.
  • #113,059
  • Dec 14, 2020 4:54pm Dec 14, 2020 4:54pm
Quoting Alex1055
{quote} Can somebody attached real proof results at least 5 years ago,with explorer,myfxbook,because,no Pro trading manually,no trading with historical data,why,because they are historical.Alex
Hey Alex1055

Your request is reasonable and timely because my trading business year ends on Dec 31 2020, and I'll start the next trading year in Jan 2021.

But I need you to clarify what you mean by "no Pro trading manually" and "no trading with historical data".

Below is a common disclaimer which you will read often by trading schools, coaches, mentors, brokers, etc.
...
Disclaimer
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,060
  • Dec 14, 2020 5:51pm Dec 14, 2020 5:51pm
EURUSD Dec 14 review

- common mistake made by traders

- taking a trade when the HA candle has not changed colour and the price action of both Price and HA candles ae above the 5EMA.

below is the actual screenshot taken at each price bar/candle closed and the next bar opens.

this screenshot was taken every hour and before the chart get refreshed and the TDI would re-paint.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot_EURUSD_M60_2020.12.14 10_00.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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