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Trading Made Simple

  • #140,761
  • Edited 10:47am Jun 13, 2023 10:01am | Edited 10:47am
Quoting Cede
{quote} My thoughts(intelligently) for USDCAD: I STILL BELIEVE SOME ACTION TO THE DOWNSIDE IS INEVITABLE as i expected @ US OPEN {image}
Hi Cede,
but we see a strong support there that wasn't broke since novembre 2022, why would you believe that ?
thanks
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  • #140,762
  • Jun 13, 2023 10:13am Jun 13, 2023 10:13am
GBPJPY to the moon!
  • #140,763
  • Jun 13, 2023 10:32am Jun 13, 2023 10:32am
Quoting ladharimoham
{quote} Hi Cede, but we see a strong support there that wasn't broke since novembre 2022, why would you believe that ? thanks
It's not a long term view. In the long term, i go with you on BULLISH but I took that position as an intraday trade. Infact, i just closed it now as i also hold that support bias... waiting for the Buy side might be a long time coming, so I did my analysis with the news anticipation and US open today and i had my sellsell.
YOU CAN CHECK THE TRADE ON MY EXPLORER (MINTY)
make yourself a failure and learn
Minty Return This Week: na
  • #140,764
  • Jun 13, 2023 11:00am Jun 13, 2023 11:00am
Quoting Cede
{quote} It's not a long term view. In the long term, i go with you on BULLISH but I took that position as an intraday trade. Infact, i just closed it now as i also hold that support bias... waiting for the Buy side might be a long time coming, so I did my analysis with the news anticipation and US open today and i had my sellsell. YOU CAN CHECK THE TRADE ON MY EXPLORER (MINTY)
What happened here?
Did you trade on H4 / D1 / W1 / MN? > Because the current time frame is M5
If that is a error, please do a Bug Report.
(Bottom of webpage)
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  • #140,765
  • Jun 13, 2023 11:20am Jun 13, 2023 11:20am
Quoting Cede
{quote} It's not a long term view. In the long term, i go with you on BULLISH but I took that position as an intraday trade. Infact, i just closed it now as i also hold that support bias... waiting for the Buy side might be a long time coming, so I did my analysis with the news anticipation and US open today and i had my sellsell. YOU CAN CHECK THE TRADE ON MY EXPLORER (MINTY)
I saw u made 45 pips. looks a nice trade too i just asked because i thought u were expecting a longer downside move. congrats
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  • #140,766
  • Jun 13, 2023 12:41pm Jun 13, 2023 12:41pm
Quoting Tekkies
{quote} What happened here? Did you trade on H4 / D1 / W1 / MN? > Because the current time frame is M5 If that is a error, please do a Bug Report. (Bottom of webpage) {image}
It is not an error Tekkies. I saw BTC had been ranging for a few days and it was overwhelming. Many pointers gave me a SELL signal. But i timed it wrongly, I "almost" knew it was going down but I couldn't stay solvent for long(RECALL John keynes?). so I had to close it. IF ONLY I HAD WAITED FOR 20 MORE HRS b4 taking the trade, i would have come out good.. "fortunately", I wasn't there when it set good.... And yes, I used the W1 D1 AND H4 FOR THAT ANALYSIS mate.

In the pic, The first box is when I took the trade, the second the good area of entry
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make yourself a failure and learn
Minty Return This Week: na
  • #140,767
  • Jun 13, 2023 12:43pm Jun 13, 2023 12:43pm
Quoting emmanuel7788
{quote} yet another M5 PA setup with the bullish H4 close - you do not need any TDI green line cross ... - you need lots of confidence when you follow rules-based discretionary trading {image} ... {image}
hi emmanuel

why you change enter time frame from 15m to 5m ? most difficulty in trading tms h4 is exit very hard to trade R:R i try many ways .i think now i understand why you use such multiple exit with cave
  • #140,768
  • Jun 13, 2023 12:46pm Jun 13, 2023 12:46pm
Quoting ladharimoham
{quote} I saw u made 45 pips. looks a nice trade too i just asked because i thought u were expecting a longer downside move. congrats {image}
Yeah, thanks mate.
I'll be watching that pair and hopefully I'll get on any large move. But we gotta take some crumbs right? not always waiting for bigger meals
make yourself a failure and learn
Minty Return This Week: na
  • #140,769
  • Edited 1:12pm Jun 13, 2023 12:47pm | Edited 1:12pm
Quoting Cede
{quote} It is not an error Tekkies. I saw BTC had been ranging for a few days and it was overwhelming. Many pointers gave me a SELL signal. But i timed it wrongly, I "almost" knew it was going down but I couldn't stay solvent for long(RECALL John keynes?). so I had to close it. IF ONLY I HAD WAITED FOR 20 MORE HRS b4 taking the trade, i would have come out good.. "fortunately", I wasn't there when it set good.... And yes, I used the W1 D1 AND H4 FOR THAT ANALYSIS mate. In the pic, The first box is when I took the trade, the second the good area...
Not the trade.
There is no bar or wick where the order was placed.
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You can not place a order where there is no price.
>Which mean that FF-admin need to find the fault in the program.

What could have happened is that the start of order should be at 10H00 (where price was) and the program plot the start of order at 12H45 where no price is for that M5 time frame. H4 / D1 /W1 / MN will be correct.
  • #140,770
  • Jun 13, 2023 12:52pm Jun 13, 2023 12:52pm
Quoting Tekkies
{quote} Not the trade. There is no bar or wick where the order was placed. {image} You can not place a order where there is no price. >Which mean that FFadmin need to the error for such a mistake.
Oh well, you've been using that explorer for sometime i guess. As u can see, I'm new to that. So sorry if i didn't understand what you talked abt.

Do well to clarify pls. Wch
make yourself a failure and learn
Minty Return This Week: na
  • #140,771
  • Jun 13, 2023 1:02pm Jun 13, 2023 1:02pm
Quoting Tekkies
{quote} Not the trade. There is no bar or wick where the order was placed. {image} You can not place a order where there is no price. >Which mean that FF-admin need to find the fault in the program. What could have happened is that the start of order should be at 10H00 (where price was) and the program plot the start of order at 12H45 where no price is.
I see what you're talking about. I think the error is shown only in the graph. No data was misrepresented among my orders
make yourself a failure and learn
Minty Return This Week: na
  • #140,772
  • Jun 13, 2023 1:20pm Jun 13, 2023 1:20pm
Quoting ladharimoham
{quote} Hi Cede, but we see a strong support there that wasn't broke since novembre 2022, why would you believe that ? thanks {image}
That's not support, thats money and the banks are coming for it!
  • #140,773
  • Jun 13, 2023 1:26pm Jun 13, 2023 1:26pm
Quoting adamjhdavis
{quote} That's not support, thats money and the banks are coming for it!
We have ourselves here a banker who works as an insider. We could use some of your wisdom sir. Keep us posted as they come closer "for it"
make yourself a failure and learn
Minty Return This Week: na
  • #140,774
  • Jun 13, 2023 8:19pm Jun 13, 2023 8:19pm
Quoting Tekkies
{quote} What happened here? Did you trade on H4 / D1 / W1 / MN? > Because the current time frame is M5 If that is a error, please do a Bug Report. (Bottom of webpage) {image}

@Tekkies

There is no error there. I know what happened that fine day and time...

No need to send any Bug Report to FF Admin.

When you get your market order filled like in that example, then report to your broker and you will get a very nice polite answer.

Choose your brokers carefully when going to trade LIVE with real money. Check how they fill your your orders all the time.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,775
  • Jun 13, 2023 8:52pm Jun 13, 2023 8:52pm
GU Jun 14 DIB setup opportunity

- it is good setup with positive statistical edge

- not all Inside Bars are equal, the nr4IB are better ...

- it all depends on your entries and exits

- the more aggressive your entries the more risks you take

- it is your exits that will determine how much money you will make

Attached Image (click to enlarge)
Click to Enlarge Name: GU Jun14 H4 DIB setup 14-6-2023 9-47-55 am.png Size: 28 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,776
  • Jun 13, 2023 8:59pm Jun 13, 2023 8:59pm
Quoting ladharimoham
{quote} Hi Cede, but we see a strong support there that wasn't broke since novembre 2022, why would you believe that ? thanks {image}
@lasharimoham

your top down analysis is getting better ..

I have two key levels below and there is potential for the Daily to close lower and possible Daily Close below each of these levels.

A lot depends on US data this week and also the oil prices ...

Attached Image (click to enlarge)
Click to Enlarge Name: UCad Jun14 review MN swing levels 14-6-2023 9-55-14 am.png Size: 27 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,777
  • Jun 13, 2023 9:32pm Jun 13, 2023 9:32pm
Calendar events today and rest of the week,

> follow Weekly market type conditions and take care of all downside risks,

> 2CLB rule is usually safe for volatility stops or

> worst case you cut-losses at the 2CLB high/low

> this way, you never hold open baskets and positions for more than 2 weeks or max DD10% whichever happens first,

Attached Image (click to enlarge)
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,778
  • Jun 13, 2023 9:36pm Jun 13, 2023 9:36pm
Quoting emmanuel7788
{quote} It is good idea to trade the H1 now as the H4 has multiple Master Candles ... you just need to pay attention to US events and news this week and also during the London market session and oil prices... {image} ...

UC Jun 13 H1 TMS-II trades closed

- took the H1 entry during that 4hr trade window,

- active H4 entry aka dynamic entry

- TMS-II exit strategy - TP1 +10pips, TP2 +25pips, TP3 +50 pips and last exit CSTSL +31pips

Attached Image (click to enlarge)
Click to Enlarge Name: UC Jun13 h1 TMS-II trades closed 14-6-2023 10-25-32 am.png Size: 33 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,779
  • Jun 13, 2023 9:53pm Jun 13, 2023 9:53pm
Quoting korosh1350
{quote} hi emmanuel why you change enter time frame from 15m to 5m ? most difficulty in trading tms h4 is exit very hard to trade R:R i try many ways .i think now i understand why you use such multiple exit with cave

Price Action is price action and the same in all timeframes from 1Minute to Monthly... that's the beauty of the 5-Method... not Stoch, No TDI, ...just simple and easy price action trading.
I can trade all timeframes and all market types with good R and R-Multiple setup/entry and exits rules.

What you need to understand is the H4 candles when I look at the M5 price action.
There are lots of PA setups... the same setups swing high/swing lows, reversals, True REVERSAL, etc. just know ten and master them all with confidence you can trade them all and a win rate of 65% is good enough to generate positive cash flow every trading cycle.

Yesterday was an example H4 was sideways and M5 has many setups within the H4 high-low,
You only need to trade once every 4hr trade window.... buy and sell as you see the M5 setups with R:R tool.
And when you have done your 60:40 then you are done day-trading for the day.


Attached Image (click to enlarge)
Click to Enlarge Name: XAU M5 review with H4 candle 14-6-2023 10-41-09 am.png Size: 32 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #140,780
  • Jun 13, 2023 10:04pm Jun 13, 2023 10:04pm
Quoting emmanuel7788
{quote} Price Action is price action and the same in all timeframes from 1Minute to Monthly... that's the beauty of the 5-Method... not Stoch, No TDI, ...just simple and easy price action trading. I can trade all timeframes and all market types with good R and R-Multiple setup/entry and exits rules. What you need to understand is the H4 candles when I look at the M5 price action. There are lots of PA setups... the same setups swing high/swing lows, reversals, True REVERSAL, etc. just know ten and master them all with confidence you can trade them...
waiting !

trading the M5 ... always waiting during the 4hr trade window ...

my volatility ruler is there all the time ... buy or sell ?

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Jun 14 M5 waiting 14-6-2023 11-01-57 am.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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