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Trading Made Simple for Day Charts

  • #701
  • Mar 4, 2012 6:34pm Mar 4, 2012 6:34pm
Looks like we have some strong support levels at 1.0700 and 1.0600.

I am not taking any short entries at this time - looking for a close below 1.0600.

Looks like a 270 pip range at the moment with PA tracking the 21EMA - very difficult to trade this on a day chart!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: au support levels.gif Size: 28 KB
Click to Enlarge Name: au support levels 2.gif Size: 22 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #702
  • Mar 5, 2012 12:00am Mar 5, 2012 12:00am
Hi Brit thanks for posting so many screen shots and examples. One quick question what do you mean by SUC?
  • #703
  • Mar 5, 2012 3:27am Mar 5, 2012 3:27am
Thanks Brit
  • #704
  • Mar 5, 2012 10:12am Mar 5, 2012 10:12am
Posting 2 charts (position still open) as contributions.
Started day trading a while back and glad to say have been doing pretty well.

3 trades taken today
1. Long usd/cad closed off for 50pips
2. Short aud/usd positive 40 pips
3. short gpd/usd negative 50 pips

All of these trades taken based on cross of TDI. with some support and resistance lines, negative divergance. and fibo retracement.

[IMG]http://s14.postimage.org/b34jpreot/setup1.jpg[/IMG]

[IMG]http://s18.postimage.org/4d7d21iyt/setup2.jpg[/IMG]
  • #705
  • Mar 5, 2012 11:05am Mar 5, 2012 11:05am
Quoting gustav213
Hi Brit thanks for posting so many screen shots and examples. One quick question what do you mean by SUC?
SUC = Set Up Candle - usually preceeds the entry candle by 1 candle which will have a TDI cross to confirm as Price Action confirms the move
"To live with Passion, it takes Courage and Grace to survive"
  • #706
  • Mar 5, 2012 1:10pm Mar 5, 2012 1:10pm
Quoting Britpip7
SUC = Set Up Candle - usually preceeds the entry candle by 1 candle which will have a TDI cross to confirm as Price Action confirms the move

Thanks for the quick reply
  • #707
  • Mar 5, 2012 11:33pm Mar 5, 2012 11:33pm
Looks like some interesting set-ups tonight on EU. AU and AJ.

AU and AJ have TDI crosses

EU is resting - watch for a move south
Attached Image (click to enlarge)
Click to Enlarge Name: aj 3-5-2012.gif Size: 25 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #708
  • Mar 6, 2012 2:59am Mar 6, 2012 2:59am
Quoting Britpip7
Looks like some interesting set-ups tonight on EU. AU and AJ.

AU and AJ have TDI crosses

I am in on AUD/JPY from yesterday's night, +60 pips so far. The only thing that kind of bothers is the -0.18 pips Roll Sell, but I guess nothing is ever perfect! .
  • #709
  • Edited 10:37am Mar 6, 2012 5:21am | Edited 10:37am
Quoting firsttimer
Posting 2 charts (position still open) as contributions.
Started day trading a while back and glad to say have been doing pretty well.

3 trades taken today
1. Long usd/cad closed off for 50pips
2. Short aud/usd positive 40 pips
3. short gpd/usd negative 50 pips

All of these trades taken based on cross of TDI. with some support and resistance lines, negative divergance. and fibo retracement.

[IMG]http://s14.postimage.org/b34jpreot/setup1.jpg[/IMG]

[IMG]http://s18.postimage.org/4d7d21iyt/setup2.jpg[/IMG]...
Trade 2 closed off for 90 pips
Trade 3 closed off for 50 pips.

3 other short trades taken today on EU/JPY, GBP/USD, EUR/USD and 1 Long trade on USD/CHF based on 4h TF (not daily TF) few hours ago all have hit TP. Total approximate 140 pips

To all using TMS method. Like what Britpip 7, Xman and others advised, do backtesting, find the confidence, and use it with other indicators.
  • #710
  • Mar 6, 2012 9:29am Mar 6, 2012 9:29am
Attached Image (click to enlarge)
Click to Enlarge Name: 3-6-2012 9-27-54 AM.jpg Size: 92 KB


105 pips so far, entered at 86.45 and it seems to keep going.
  • #711
  • Mar 6, 2012 11:22am Mar 6, 2012 11:22am
the 3 Amigos all turned - this also means that USD/JPY and USD/NZD follow the direction.

EU has broken 21 and 100EMAs
GU has broken 21/100/200EMAs
AU approaching the 100EMA - watch for a stall at 1.0500
AJ has a huge slope on the TDI with a great move from the overbought position
NZ/U approaching the 100EMA - poaaible pause.

Nice set up signals from the APB and Candlesticks.

Always make sure you have the price action as your primary indicator - all other indicators will follow and confirm if needed.
"To live with Passion, it takes Courage and Grace to survive"
  • #712
  • Mar 6, 2012 2:07pm Mar 6, 2012 2:07pm
Manually closed TP1 on the aud/jpy for 120pips

all other trades move to BE and waiting for the Asian sessions

Currently for the past two weeks I am looking at 7 closed trades with 4wins, 2@BE and 1 loss for a net of +420pips. The loss was down to taking a very aggressive early signal on the APB before any confirmation on TDI and the BE trades were from a stalled trade and manually closing out TP1 and TP2. Very much into preserving pips and closing out losing / stalling positions before they turn into "Hope Trades"

4 trades currently open with SL @ BE (current profit at +230pips)
"To live with Passion, it takes Courage and Grace to survive"
  • #713
  • Mar 6, 2012 4:40pm Mar 6, 2012 4:40pm
First of all I'd like to say many thanks to Britpip7! I find the strategy very interesting and suitable for me. I'm gonna test it a lil bit.

What are you guys thinking about this short setup? Is it the correct one as:
- TDI crossing
- Strong bearish candle after the bounce off the resistance
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 25 KB
  • #714
  • Mar 6, 2012 4:48pm Mar 6, 2012 4:48pm
How do you guys display the ATR in the UL corner on the main chart?
  • #715
  • Mar 6, 2012 4:53pm Mar 6, 2012 4:53pm
Quoting phi1ipp
How do you guys display the ATR in the UL corner on the main chart?
about 300 posts back, where ya bin?

ATR Pips UL corner.ex4

It takes a lot for me to IGNORE you, but you can try.
  • #716
  • Mar 6, 2012 5:17pm Mar 6, 2012 5:17pm
Quoting Erebus
about 300 posts back, where ya bin?

ATR Pips UL corner.ex4

Sorry, bro!

Just join the thread, ran through the first pages and then jumped right to the end
  • #717
  • Mar 6, 2012 5:37pm Mar 6, 2012 5:37pm
Quoting phi1ipp
Sorry, bro!

Just join the thread, ran through the first pages and then jumped right to the end
you need to learn the "paperclip"

see the icon at top right, small paperclip with a number, click it, then on the pop up windows, click hide images and then you can find all previous attachments, with links to that post also, easy as

It takes a lot for me to IGNORE you, but you can try.
  • #718
  • Mar 6, 2012 6:06pm Mar 6, 2012 6:06pm
Quoting phi1ipp
First of all I'd like to say many thanks to Britpip7! I find the strategy very interesting and suitable for me. I'm gonna test it a lil bit.

What are you guys thinking about this short setup? Is it the correct one as:
- TDI crossing
- Strong bearish candle after the bounce off the resistance
Could be a tad late for an entry seeing as this is candle 3 on the APB colour change and the past 6 hours saw a mini retrace and a rest.

Ususally after a mega candle like this one, there is often a retrace / resting period before the next move, so be careful on the entry price. Still lots of space between current price and the 100/200EMAs.

May be worth entering off of a break of the previous H4 low and we are entering the Asian activity which has its own Price Action patterns.
"To live with Passion, it takes Courage and Grace to survive"
  • #719
  • Mar 6, 2012 6:14pm Mar 6, 2012 6:14pm
aud/jpy
entry 1 closed for 120 pips
entry 2 closed on pullback for 80 pips

aud/usd
closed at BE on pullback

eur/usd
both entries still running at +32 pips each with SL set to BE+5 (might as well get a couple pips out of it if bombs!)

Current net for the past two weeks is at +490pips

Looking for the next set-ups tonight
"To live with Passion, it takes Courage and Grace to survive"
  • #720
  • Mar 6, 2012 6:19pm Mar 6, 2012 6:19pm
Quoting Erebus
you need to learn the "paperclip"

see the icon at top right, small paperclip with a number, click it, then on the pop up windows, click hide images and then you can find all previous attachments, with links to that post also, easy as

hey Erebus wheres the Pic for that ? .. LOL j/k

like your "How to Do" posts makes me
Don't forget Practice + Patience + Persistence = Profits
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