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Trading Made Simple

  • #11,221
  • Sep 7, 2011 4:24pm Sep 7, 2011 4:24pm
Quoting Purger
Speaking of USDCAD it looks like a good setup on the Daily.
Yeah, i saw that too. So i went in but as for now my stop loss base on 4H first. Let cross our finger and hope we got a good trade!
  • #11,222
  • Sep 7, 2011 5:26pm Sep 7, 2011 5:26pm
Quoting fufighter
Yeah, i saw that too. So i went in but as for now my stop loss base on 4H first. Let cross our finger and hope we got a good trade!
I'm in too we'll see what transpires.
  • #11,223
  • Sep 7, 2011 5:46pm Sep 7, 2011 5:46pm
Quoting Favorite
I never check Daily TF. I believe that the H-1 contains all the information we need (including the trend). If I see a good entry on H-1 (everything according to the rules and good PA) I go to M-5 and wait for a good moment to enter.
Can you elaborate a bit more on your trading style?? have a good friend who trades 5 minute nad does well, but I have never really tried consistently
  • #11,224
  • Sep 7, 2011 5:46pm Sep 7, 2011 5:46pm
What do you think for long at 0:00 GMT?
Attached Image
Humble & Kalcker CLO2 = Covid killer
  • #11,225
  • Sep 7, 2011 5:57pm Sep 7, 2011 5:57pm
Quoting jusiur
What do you think for long at 0:00 GMT?

Don't know for sure but probably stall on FTA @ .8883
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH8.png Size: 54 KB
Forex is boring but profitable with patience and discipline
  • #11,226
  • Sep 7, 2011 6:19pm Sep 7, 2011 6:19pm
I guess it is time to close them shortly b4 they turn around.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 47 KB
Click to Enlarge Name: NZDUSDH4.png Size: 48 KB
Click to Enlarge Name: USDCADH4.png Size: 49 KB
Forex is boring but profitable with patience and discipline
  • #11,227
  • Sep 7, 2011 6:34pm Sep 7, 2011 6:34pm
EU wasn't so bad today. Managed to pick up +150. Traded on smaller TF, but had 4 winners, 1 loser...

The only loser was when I tried to be a little greedy...

It was also the only short position that I took today on the EU
  • #11,228
  • Sep 7, 2011 6:56pm Sep 7, 2011 6:56pm
Quoting Raykoid666
Cheers to that man

There's a saying from my country, that translates to "never check a given horse's teeth"... Meaning that when you get something for free, you don't have the right to deliver negative criticism

Happy pipping guys!
well, this is a public forum and anyone has the right to express an opinion within the forum rules,

I only come here for a daily laugh, and this thread also, http://www.forexfactory.com/showthread.php?t=307052

but which gives me the most laughs, you guess
It takes a lot for me to IGNORE you, but you can try.
  • #11,229
  • Sep 7, 2011 11:04pm Sep 7, 2011 11:04pm
Quoting milicentfx
Can you elaborate a bit more on your trading style?? have a good friend who trades 5 minute nad does well, but I have never really tried consistently
When we see a good long entry on H-1 and we go to M-5 we usually see that M-5's stochastic at this moment is above 80 or even above 90. What does it mean? It is possible that the M-5 movement is strong enough and the currency will go much higher (and the stochastic will stay above 80 for several hours), but it is also possible that the M-5 trend is already close to the end. At first I take a look at the situation using "Spud's Predictive MTF Stochastics"(it is a very vast subject, I can't give here any details, please take a look at the huge thread http://www.forexfactory.com/showthread.php?t=119483 )

If "Spud's Predictive MTF Stochastics"shows that this long M-5 movement could continue - then I enter right away. Otherwise I wait until the M-5 stochastic goes down and when it starts going up from 10 - then I enter (of course, only if the PA is good and H-1 long trend is still intact and if the M-5's TDI shows a good signal).

Please remember: Big E says that we have to enter right after the H-1 signal, at the beginning of the hour. Guys, I respect Big E and I don't want to hijack this thread, so please don't ask for more details, pictures etc.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,230
  • Edited 11:24pm Sep 7, 2011 11:14pm | Edited 11:24pm
Quoting Erebus
I only come here for a daily laugh
I knew that!

And guess what? I've read all your 69 posts for laughs too!

You've made my laughing-day, thank you very much!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,231
  • Sep 8, 2011 12:30am Sep 8, 2011 12:30am
Hi Guys

Right now i'm looking at a nice long position on the GBP/AUD H4.
Price bounced on the support now heading up.
TDI facing up
Stoc facing up
I predict it would go up to 1.5200.

Whose in on this?
X-man the legendary conqueror of markets
  • #11,232
  • Sep 8, 2011 12:37am Sep 8, 2011 12:37am
Quoting Favorite
I knew that!

And guess what? I've read all your 69 posts for laughs too!

You've made my laughing-day, thank you very much!
I am not laughing, I feel sorry for him, he does not know how to trade, so he can only stir things up for other people
  • #11,233
  • Sep 8, 2011 1:06am Sep 8, 2011 1:06am
Quoting MeLe
I am not laughing, I feel sorry for him
That means that you're a very nice guy and I'm not!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,234
  • Sep 8, 2011 1:16am Sep 8, 2011 1:16am
Quoting Favorite
That means that you're a very nice guy and I'm not!
Not really, I am also laughing just not out loud
  • #11,235
  • Sep 8, 2011 1:23am Sep 8, 2011 1:23am
Quoting MeLe
Not really, I am also laughing just not out loud
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,236
  • Sep 8, 2011 1:54am Sep 8, 2011 1:54am
Quoting Erebus
well, this is a public forum and anyone has the right to express an opinion within the forum rules,
Forum rules: 'If you dislike or disagree with someone's ideas, it's fine to say so, but you should move on shortly thereafter.'

Bye.

Also, posting under multiple accounts = no credibility.
  • #11,237
  • Sep 8, 2011 4:01am Sep 8, 2011 4:01am
Quoting X-Man
Hi Guys

Right now i'm looking at a nice long position on the GBP/AUD H4.
Price bounced on the support now heading up.
TDI facing up
Stoc facing up
I predict it would go up to 1.5200.

Whose in on this?
I was looking at that trade, but daily RSI is down and trend also looks down....
  • #11,238
  • Sep 8, 2011 4:41am Sep 8, 2011 4:41am
what's wrong with today setup for 4H when London open? all the good set up are fault entry. Loss a lot of pips today
  • #11,239
  • Sep 8, 2011 4:45am Sep 8, 2011 4:45am
Quoting stinger007
I was looking at that trade, but daily RSI is down and trend also looks down....
Price action also not convincing me either...
  • #11,240
  • Sep 8, 2011 4:46am Sep 8, 2011 4:46am
There will be other days ... and opens
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