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Trading Made Simple

  • #5,041
  • Jun 8, 2011 9:03pm Jun 8, 2011 9:03pm
Sorry chili didnt see your post or I wouldnt have posted my chart. Besides I am still just demo trading. So far I like the results I am getting with this system especially on the 4h. Probably go live next week.
  • #5,042
  • Edited 9:23pm Jun 8, 2011 9:03pm | Edited 9:23pm
I closed this trade with +23
The 4H is pointing the other direction, and I'm hittin the hay so I can get up for the London Session.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 18 KB
  • #5,043
  • Jun 8, 2011 9:13pm Jun 8, 2011 9:13pm
Quoting freebeans
Sorry chili didnt see your post or I wouldnt have posted my chart. Besides I am still just demo trading. So far I like the results I am getting with this system especially on the 4h. Probably go live next week.
No sweat Freebeans. Remember my rule #1 in forex..Protect your capital!
  • #5,044
  • Jun 8, 2011 9:27pm Jun 8, 2011 9:27pm
Quoting freebeans
just took this trade on aud/jpy. I saw it setup at 4pm with the first blue candle. So I waited until 8pm for the next candle. I prefer to enter trade on the open of the second candle. Also since it was open of Tokyo market I just went for 30 pips. Just noticed a/j pulled back. I guess I got lucky.
Hi, freebeans!

I saw that chart at abt 21:30 EST, but passed on it due to the overall trend being down. Now it is 22:30 EST and that second blue candle turned red...
  • #5,045
  • Jun 8, 2011 9:29pm Jun 8, 2011 9:29pm
can history repeat itself again.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd jun8.png Size: 161 KB
  • #5,046
  • Jun 8, 2011 9:38pm Jun 8, 2011 9:38pm
Short audnzd , audcad on daily
  • #5,047
  • Jun 8, 2011 10:03pm Jun 8, 2011 10:03pm
Closing EUR/USD Long position +30
Reason - stalling at resistance area

Quoting TheRoper
Looks like a good setup
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-08_2256_EURUSD_Long_Closure_due_to_resistance_plus_30.jpg Size: 150 KB
  • #5,048
  • Jun 8, 2011 10:05pm Jun 8, 2011 10:05pm
Quoting freebeans
can history repeat itself again.
Sure looks promising
  • #5,049
  • Jun 8, 2011 10:33pm Jun 8, 2011 10:33pm
Quoting aggravator87
Hi guys!

I've made some research and decided to share my low-risk type of trading for today with you.I post EUR/USD charts and the first one shows 1H chart with divergence between price action and the TDI indicator. The pair has been already moving in channel for about 2 weeks and I've expected a reversal or a choppy market for today. The second picture shows my views for the correct entries on a 5min chart in agreement with the TDI indicator (below the yellow line) and the break of the retracement line. The price stops almost right at the Support...
Holy s^%^&....how do you read that??? it looks like a lovely rainbow
  • #5,050
  • Jun 8, 2011 10:38pm Jun 8, 2011 10:38pm
Quoting Danyjoe
what do you think?
Firslty I would like to congratulate you on not only your profits but you obvioulsy have a clear understanding of this method.
However personally....it seems to me you need to be wary of overrtrading. That is a hell of a lot of trades for one day. Well done though.
  • #5,051
  • Jun 8, 2011 11:14pm Jun 8, 2011 11:14pm
Quoting dean
Holy s^%^&....how do you read that??? it looks like a lovely rainbow
  • #5,052
  • Jun 8, 2011 11:27pm Jun 8, 2011 11:27pm
Quoting TheRoper
Closing EUR/USD Long position +30
Reason - stalling at resistance area
Possible set-ups?

 

  1. Short on the 1H?
  2. Long on the 4H?
  3. Short on the Daily?

Take all 3? I can (live in Australia)?

Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_usd_1h.gif Size: 17 KB
Click to Enlarge Name: eur_usd_4h.gif Size: 18 KB
Click to Enlarge Name: eur_usd_daily.gif Size: 17 KB
  • #5,053
  • Jun 8, 2011 11:34pm Jun 8, 2011 11:34pm
Quoting hawaii5000
Possible set-ups?

 

  1. Short on the 1H?
  2. Long on the 4H?
  3. Short on the Daily?

Take all 3? I can (live in Australia)?

I was noticing that too. interesting stuff to say the least for sure. Some would....Not, I...

I'm in the 4hr a bit early and which I was in the 1hr now.

PS. Weekly looks like its gona cross in only 64+ more hours...lol (Sunday)
  • #5,054
  • Jun 8, 2011 11:43pm Jun 8, 2011 11:43pm
Quoting Chillypiper
I was noticing that too. interesting stuff to say the least for sure. Some would....Not, I...

I'm in the 4hr a bit early and which I was in the 1hr now.

PS. Weekly looks like its gona cross in only 64+ more hours...lol (Sunday)
Yeah - I know. I have set up different profiles for each of the different timeframes with a view to just trade the timeframe without all the conflicting signals you get flicking thru them all. I was not game to even look at my 15M. You cant just stick your head in the sand though can you?? I am thinking you have to weight the higher timeframes more, but on the other hand if you are playing to a particular TP?? And that is only for entry.....let alone making a call on when to bail.
  • #5,055
  • Jun 9, 2011 12:02am Jun 9, 2011 12:02am
[quote=Glebus;4676457]Hi, freebeans!

I saw that chart at abt 21:30 EST, but passed on it due to the overall trend being down. Now it is 22:30 EST and that second blue candle turned red...[/quote

I saw that- I got lucky on that trade. Same thing happened to me Tuesday night on eur/jpy trade. I ended uop losing 10 pips. I saw TDI go flat and quickly got out. Then i took another trade on usd/cad and make 16 pips after it ran all night.
  • #5,056
  • Jun 9, 2011 12:06am Jun 9, 2011 12:06am
Quoting hawaii5000
Yeah - I know. I have set up different profiles for each of the different timeframes with a view to just trade the timeframe without all the conflicting signals you get flicking thru them all. I was not game to even look at my 15M. You cant just stick your head in the sand though can you?? I am thinking you have to weight the higher timeframes more, but on the other hand if you are playing to a particular TP?? And that is only for entry.....let alone making a call on when to bail.
Yep! You nailed it. It's all in it's own perspective and I'm sure you could tern green pipers in all. Higher tf are more powerfully and I absolutely HATE to hedge. I makes me more crazy than I already am..
  • #5,057
  • Jun 9, 2011 12:20am Jun 9, 2011 12:20am
Crazy! Well you are in good company here. I think we must all be crazy to be in this profession. LOL
  • #5,058
  • Jun 9, 2011 12:28am Jun 9, 2011 12:28am
Wel.. I have nada on any 4hr crosses..Tight stop on my EU and AU and get a nap ( Snarlyjacks rule ). Good luck to all today!
  • #5,059
  • Jun 9, 2011 12:35am Jun 9, 2011 12:35am
bought eur/jpn and sold silver. Small 30 pip tp and sl. Taking a nap for a bit now
  • #5,060
  • Jun 9, 2011 1:11am Jun 9, 2011 1:11am
Quoting Nate04
3 daily trades taken...

Thoughts?
I would have waited a few more days
eur / usd and gbp / usd still seem a little mature .. the red has not yet started to decline
aud / usd seems uncertain .. may splash down like back side
I think ..
waiting for the experts
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