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Trading Made Simple

  • #8,101
  • Jul 14, 2011 3:54am Jul 14, 2011 3:54am
I to sometimes see that trading a 1h chart makes sense. I lost pips on that AUD/JPY trade when I went short. Maybe I still don't understand the system because it looked valid. At least I think it was.
  • #8,102
  • Jul 14, 2011 4:01am Jul 14, 2011 4:01am
Quoting netwatchpips
Hi, Anyone took USd/JPY on H4. Angle looks good and also TDI is well above 50.
I did. Long.
  • #8,103
  • Jul 14, 2011 4:07am Jul 14, 2011 4:07am
Traded the EURUSD/AUDUSD/GPBUSD/USDCHF - Profit
EURJPY - Loss
Attached Image
  • #8,104
  • Edited 6:32am Jul 14, 2011 4:14am | Edited 6:32am
There are three major US news items coming up at 12h30 GMT:

Core retails sales m/m
PPI m/m
Retail sales m/m

And also Bernanke testifies at 14h00 GMT.

This will be having an effect on the market.
  • #8,105
  • Jul 14, 2011 4:20am Jul 14, 2011 4:20am
Hi netwatch
I dont like it as it is against daily trend, also there seems to be recent intervention. also 1 hr is also going short

Fred



Quoting netwatchpips
Hi, Anyone took USd/JPY on H4. Angle looks good and also TDI is well above 50.
  • #8,106
  • Jul 14, 2011 4:23am Jul 14, 2011 4:23am
Quoting netwatchpips
Hi, Anyone took USd/JPY on H4. Angle looks good and also TDI is well above 50.
Your brokers candle must look a whole lot different to this. I wouldn't touch this, but then what do I know.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 14 KB
  • #8,107
  • Jul 14, 2011 4:25am Jul 14, 2011 4:25am
Long eur/chf
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 23 KB
  • #8,108
  • Jul 14, 2011 4:26am Jul 14, 2011 4:26am
Quoting Vantage
Your brokers candle must look a whole lot different to this. I wouldn't touch this, but then what do I know.
If the trend really is changing you might well find in 4/5 candles time its bottomed out and given a better signal.
  • #8,109
  • Jul 14, 2011 4:29am Jul 14, 2011 4:29am
Hi guys from UK. Have been following the thread for about two weeks ... Currently on page 160. What a marathon read!! Must be something of value here methinks

Just put these on today following signals on the H4 charts, and having been previously stung, have put pretty wide SLs at previous Market swings

USD/JPY Long nice green red cross, stock agrees, 2 blue candles
USD/CHF LONG ditto, and green bounce on the H1
USD/CAD Long nice cross, 1 x blue, stock ok, green bounce on the H1
AUD/USD Short , good cross btw 68 and 50, stock confirms, 2red candles

Am determined to let these run their course, though currently DOWN on all four trades!!

Thanks for the thread -hope it works for me too!
  • #8,110
  • Jul 14, 2011 4:49am Jul 14, 2011 4:49am
Quoting itsam
Hi Callisto

Thanks for dgcinc summary

Can you please do the same thing with eelfranz posts

Thanks in advance
Already been done, check the "PAPERCLIP"
OPPORTUNITY IS NOWHERE
  • #8,111
  • Edited 5:16am Jul 14, 2011 5:03am | Edited 5:16am
I appreciate the comments regarding my posts. I am glad many of you are finding some value in them.

One of the essential traits successful traders share is that they are always in a state of preparation - looking at potential set ups and ready to strike when the valid signal presents itself.

Below is the 4 Hr AUD/USD Chart. Notice the triple top with bearish divergence – a classic reversal pattern. So what to do now?

Look at the current 1 Hr chart. We have a head and shoulders pattern also with bearish divergence. How do I know this is a Head & Shoulders pattern? I have defined a head and shoulders pattern whereby the head always must create bearish divergence. If it’s not there, I do not look for the reversal. Also, the right shoulder will always be a 123.

We know that the smaller time frame, in this case the 1 Hr, will begin to turn over to the bearish side before the 4 Hr. We need to wait for the 1 Hr signal, make sure it complies with our rules, and then concurrently observe the 4 Hr chart for additional profit potential when the triple top turns over and our 4 Hr signal confirms the 4 Hr reversal.

This may be obvious to many of you. Just wanted to share how I look at the time frames working in conjunction.

There is always the potential for the pattern to fail - that is why we must wait for our valid signal.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4 hr aud usd chart 7.14.2011.gif Size: 50 KB
Click to Enlarge Name: 1 hr aud usd chart 7.14.2011.gif Size: 44 KB
  • #8,112
  • Edited 5:33am Jul 14, 2011 5:17am | Edited 5:33am
Quoting Callisto
Already been done, check the "PAPERCLIP"
"PAPERCLIP"?
  • #8,113
  • Jul 14, 2011 5:37am Jul 14, 2011 5:37am
Itsam
Top of page, to the right of the page number
see http://screencast.com/t/i2B8PBPy1

Fred


Quoting itsam
"PAPERCLIP"?
  • #8,114
  • Jul 14, 2011 5:50am Jul 14, 2011 5:50am
Quoting netwatchpips
Hi, Anyone took USd/JPY on H4. Angle looks good and also TDI is well above 50.
I do not see it above 50, will have some mistakes my TDI?
  • #8,115
  • Jul 14, 2011 5:54am Jul 14, 2011 5:54am
Quoting fredff
Itsam
Top of page, to the right of the page number
see http://screencast.com/t/i2B8PBPy1

Fred
I got it

Thanks Fred
Thanks Callisto

Regards
  • #8,116
  • Jul 14, 2011 6:13am Jul 14, 2011 6:13am
Quoting dcginc
Below is the 4 Hr AUD/USD Chart. Notice the triple top with bearish divergence – a classic reversal pattern. So what to do now? ....
Excellent analysis. Thanks for posting. In contrast, someone earlier asked people to post losing trades. I've just played a blinder! Busy right now but will try to post later.
  • #8,117
  • Jul 14, 2011 6:16am Jul 14, 2011 6:16am
As you can tell from Puppypippy's comments he doesn't understand how our method works. He has not read the thread nor does he understand 12-2 or 4-6. I have advised him that he will be banned and to please move on. You can select to ignore his posts. A lot of hate coming from him.

Think about this... If you had a system that was so hot... why would you take time to tear down others...
  • #8,118
  • Jul 14, 2011 6:27am Jul 14, 2011 6:27am
Hy was not used to write but I read all the posts and I think this method is perfect, although even I can only test the demon But I think the only really reliable rules must be followed

Such people should not be there to watch after a while, you can divide disappear
  • #8,119
  • Jul 14, 2011 6:38am Jul 14, 2011 6:38am
Quoting AlienFrog
Here are some more *extremely unofficial* trading results from another backtest run. Hope you like them.

Pair: EURUSD
TF: H4 (EST)
Time period: Feb-March 2011
Total trades: 36
Winners: 34
Losers: 2
Net pips: +2264

Again, I scrolled through the chart manually one bar at a time using F12 key. I followed the same basic rules as before (see below).

Stochs - this time I hardly paid attention to Stochs, but when I did remember to check they were always pointing in the right direction.

I've added a time column to show which H4 candle the trade...

Alien frog what am I doing wrong. I cannot find a trade. I am staying up all night so I can check H1 and H4 and so far no TDI suitable to take with other criteria met. any advice. could my indicator be faulty? I do find lots of trades where the TDI is at an angle just not enough of an angle or the PA is too choppy or consolidation etc.
  • #8,120
  • Edited 7:05am Jul 14, 2011 6:45am | Edited 7:05am
Hello Mr Eelfranz. I just posted to alien frog with this issue but I noticed you are online so I will address my question to you sir. I love your system and I am graTEFUL TO HAVE IT. I am having trouble finding trades or I am never there in time (at 3rd candle or more). I have 2 profiles with H1 and H4 TF and all recommended pairs. They are shown one at atime when I move from one to another. Is there a better way to set up platform and template to catch trades on time. Maybe two or more in each window? ONe more thing, how do you zoom in and then out "2" as you have described to look better at the TDI? THanks for any suggestions. msn
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