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Trading Made Simple

  • #8,181
  • Jul 14, 2011 5:51pm Jul 14, 2011 5:51pm
Does anyone know if Big E take into consideration a good angle in a green bounces?
Thanks
Indicators always obey Price, not the other way.
  • #8,182
  • Jul 14, 2011 5:52pm Jul 14, 2011 5:52pm
Quoting AlienFrog
That's a great question. The reason is found in John 3:16 "For God so loved the world that he gave his only Son..." That's Jesus. He is a gift, offered to you, me, and every living person. When you are offered a gift you have only two choices: you can accept it, or refuse it. You cannot ignore it. Even you did not ignore Jesus. Many on this forum know who He really is (not "was"). It has nothing to do with the market.

I don't want to start a diversion, sorry. But I could not leave the question unanswered. PM me please if you want to know...
you go frog, here here.
  • #8,183
  • Jul 14, 2011 5:58pm Jul 14, 2011 5:58pm
thanks for sharing these information...
  • #8,184
  • Jul 14, 2011 7:33pm Jul 14, 2011 7:33pm
So far I dont see set ups on EUR/USD, EUR/GBP, AUD/JPY, USD/JPY, EUR/JPY, GPB/USD, AUD/USD, USD/CHF.


Hopefully at 1:00 am (EST) we get some set-ups.

EDIT: On the 4h charts.
  • #8,185
  • Jul 14, 2011 7:58pm Jul 14, 2011 7:58pm
This thread is for trading and learning the TMS system, which I find very helpfull, I feel that Religion and Politics should not be discussed here.
  • #8,186
  • Jul 14, 2011 7:58pm Jul 14, 2011 7:58pm
Quoting MeLe
This thread is for trading and learning the TMS system, which I find very helpfull, I feel that Religion and Politics should not be discussed here.
Completely agree.
  • #8,187
  • Edited 8:42pm Jul 14, 2011 8:08pm | Edited 8:42pm
love the thread and all of your input.....dginc, you've helped a lot...thanks
  • #8,188
  • Jul 14, 2011 8:09pm Jul 14, 2011 8:09pm
Quoting ken911
Completely agree.
Agree but I can understand AlienFrog's reaction. Please note that he cut off his message and requested a personal message from msn so I think we can cut him some slack. Now back to trading.

To AlienFrog: Would you send me a pm please; I can't contact you b/c of my "junior" member status. jack
  • #8,189
  • Jul 14, 2011 9:55pm Jul 14, 2011 9:55pm
I'm in two trades this morning. Took a bounce on USDJPY (long) and a Cross on EURNZD (long)

Anyone in these trades?
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  • #8,190
  • Jul 14, 2011 10:13pm Jul 14, 2011 10:13pm
I'm not in here. Every currency I see is as flat as can be. My guess is it will be a narrow trading range until EU Bank Stressless tests come out tomorrow.

I do like the USD/JPY trade, but more so because I think the BOJ will hop in soon to help their exporters. Rule wise, the trade doesn't qualify due to cross is 6 candles old, TDI slope is flat also.

Wish you nothing but positive pips though!

Side note, last crazy bank induced spike those 6 candles ago was at the 78.6 figure. If we get much lower than that, IF, I think BOJ is going to soften their JPY. Opinion of course!

Anyone else care to add any thoughts?
  • #8,191
  • Jul 14, 2011 10:43pm Jul 14, 2011 10:43pm
Morning Campers
ITS FRIDAY

Wating for London Open to Trade. Expecting a SELL on the Bounce. - 50TP / SL 80
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  • #8,192
  • Jul 14, 2011 11:53pm Jul 14, 2011 11:53pm
Hi TraderDC,

I did not trade the eurnzd long as the long term daily is down so it would break my rules. And the usdjpy is rising into previous strong support that may become resistance so again it does not meet my personal rules.
That's not to say they will not do well, and i hope you make many pips but i can not trade them as i have to stick to my rules or i have no strategy.

Quoting TraderDC
I'm in two trades this morning. Took a bounce on USDJPY (long) and a Cross on EURNZD (long)

Anyone in these trades?
  • #8,193
  • Jul 15, 2011 12:02am Jul 15, 2011 12:02am
Quoting Achilleas
Morning Campers
ITS FRIDAY

Wating for London Open to Trade. Expecting a SELL on the Bounce. - 50TP / SL 80
On my charts eur stopped to the pip at the Nov '10 highs. I agree a move down likely but with all the banking stress tests, eurozone problems, US debt ceiling issues anything could happen.
  • #8,194
  • Jul 15, 2011 12:23am Jul 15, 2011 12:23am
Thanks for your comments.

In fact EurNzd Hit my sl so that was bad trade oh well I will learn from my mistakes... and I will keep the daily trend in mind as you stated Bez.

UsdJpy seems to be rising slowly but I'll stay out of trades like this. After I went in I realised that it has been ranging a bit.... not the ideal situation!

Thanks
  • #8,195
  • Jul 15, 2011 12:33am Jul 15, 2011 12:33am
Quoting pippete
Another setup here. I know it's low liquidity time, but why not. How many of you enter trades this time of day? I don't much... up +23 pips, so maybe...
I might have left this trade on the table and missed it because i thought i have had enough for the day? But guess what? I saw your chats at the right time. Looked nice and bagged 83 pips TP
Still on nzdusd
We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #8,196
  • Jul 15, 2011 12:37am Jul 15, 2011 12:37am
Anyone shorting silver? Seems to have the beginnings of a setup on the H4 and H1 , though a nasty hook on the M30 (not that we look at those T/Fs do we!! )
  • #8,197
  • Edited 12:57am Jul 15, 2011 12:52am | Edited 12:57am
I would like to share with you a recent trade of AUDUSD taken on H4 TF. My entry was at the time of the yellow vertical line and my TP was 2*ATR(7) and I reached the target. On its own it was not the best setup but because of the resistance (the horizontal magenta) I felt it strong enough.
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  • #8,198
  • Jul 15, 2011 1:01am Jul 15, 2011 1:01am
08:46 London Time - Sell EURUSD @ 1.4110 - SL 80 / TP 50
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  • #8,199
  • Jul 15, 2011 1:03am Jul 15, 2011 1:03am
Quoting rbuki
I would like to share with you a recent trade of AUDUSD taken on H4 TF. My entry was at the time of the yellow vertical line and my TP was 2*ATR(7) and I reached the target. On its own it was not the best setup but because of the resistance (the horizontal magenta) I felt it strong enough.
That was a nice trade, I took that one too. currently still in at +115 pips.
Short Euro and remaining that way. That's just the way it is !
  • #8,200
  • Jul 15, 2011 1:24am Jul 15, 2011 1:24am
Quoting Achilleas
08:46 London Time - Sell EURUSD @ 1.4110 - SL 80 / TP 50
Currently eyeing that pair but I'd want it to make a clear break of 1.4100 support first.
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