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Trading Made Simple

  • #15,721
  • Mar 5, 2013 1:19am Mar 5, 2013 1:19am
Quoting Babyboy
Hmm

Is there anyway to fastforward the time.

Watching the BEAR vs BULL is a hardest thing to do. Sometimes, gambling casino is easier. After couple of minutes, we know the results.
BUT 1000 ppl went into the casino, you will notice only 5% or less people walking out with a smiling face. The rest... the face sure blackish.

No wonder BigE had this method. Sleeping while the time past....

Asian dudes like me, always had an issued, why, cause this method started at 2pm, 6pm and 10pm. Always try to peek at the price action
moving...
it is just a waiting game, in between all the time let the bulls and bears have their fight while we wait for the outcome.
make that part of your lifestyle, like it or not if you want to be a successful trader and make a living out of it.
you only need to look at your chart once every 4-hours... after some time with experience, you will know when is the next 4-hour period when you will need to login and look at the charts again.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,722
  • Mar 5, 2013 1:20am Mar 5, 2013 1:20am
Babyboy,

That's the challenge. Here on the West coast of the U.S. when the 4 hour
bars close (it's 9:00 p.m. my time or 3 hours before London opens) or next bar
(1:00 a.m. my time which is 1 hour after the London market opens).
If I can hang tough until 1:00 a.m. my time I can usually make a
great trade, then go to bed. I guess you what you gotta do...

snarlyjack
  • #15,723
  • Mar 5, 2013 1:22am Mar 5, 2013 1:22am
Hi Emmanuel,

Good to see you here!!!

snarlyjack
  • #15,724
  • Mar 5, 2013 1:30am Mar 5, 2013 1:30am
That's true,

Cause, the chinese culture always on the fast pace.... Everything fast, drinking fast, eating fast, walking fast, driving fast ( zig zag )....

Guess I gotto make myself more discipline.
Banker please return my pipins.
  • #15,725
  • Mar 5, 2013 1:37am Mar 5, 2013 1:37am
Quoting snarlyjack
Empowers,

I will wait another (1) hour for the 4 hour bar to update and
see what the new bar shows us. It looks to me that the
eur/dol is slowly rolling over and the trend on the 4 hour,
daily and weekly is down. Imo, the trend on the usd/jpy
on the 1 hour, 4 hour, daily and weekly are all up. So I'am
not so sure how that trade is going to work out. But
who knows...

snarlyjack
We should make a collective 4H knowledge here! My 4H bars match Big Es so I don't have a new 4H for another 2 and a half hours. Yes, I sometimes take trades opposite the trend, if it shows the signal, I usually just put a half position on it, but I put scaled into it here because momentum looked to be picking up.
  • #15,726
  • Mar 5, 2013 2:25am Mar 5, 2013 2:25am
Empowers,

Looks like your doing good on your usd/jpy trade.

Good job...

snarlyjack
  • #15,727
  • Mar 5, 2013 2:59am Mar 5, 2013 2:59am
Not really, I opened at 93 at the opening of the second bar. Still waiting for price to go somewhere...

Quoting snarlyjack
Empowers,

Looks like your doing good on your usd/jpy trade.

Good job...

snarlyjack
  • #15,728
  • Mar 5, 2013 3:54am Mar 5, 2013 3:54am
Hmm.... not much movement....

Maybe later.... Dont consider exiting. Let's see later. Almost time up... Away from my survival job...

It's either or but no

I'll check back later....
Banker please return my pipins.
  • #15,729
  • Mar 5, 2013 4:26am Mar 5, 2013 4:26am
TDI went flat so I exited I can't babysit it any longer. I dunno, I'm just upset and wondering about so many things...

Quoting Babyboy
Hmm.... not much movement....

Maybe later.... Dont consider exiting. Let's see later. Almost time up... Away from my survival job...

It's either or but no

I'll check back later....
  • #15,730
  • Mar 5, 2013 4:30am Mar 5, 2013 4:30am
I won't be surprised if my UJ trade will fail.
I have very few rules, easy to follow, but in this case even those were not fulfiled.
Rule nr1 go with a trend, I use 200EMA to justyfy where to go, up or down -- went against
Rule nr2 see if you have osbcatcle on the way like BRN & S/R -- went in having confluence with 93.000 and strong S/R...
Rule nr3 wait till candle is close -- and what have I done?
Was I blind this morrning or what? ??


Jacek
JacekPreserve Precious Capital
  • #15,731
  • Mar 5, 2013 6:25am Mar 5, 2013 6:25am
Yeah...

Looking at the chart... entry was a trap... Well, nothing is perfect. Since it's my first live trial, I'll just let it run...

Already had a price movement experience.... Least now the I'm watching the price up & down... less pressure..
5 dollar consider a lottery betting. Consider trade failed.

I'm telling myself no more next time. Follow rules.... 1,2,3,4,5 and dont forget to look left.
Banker please return my pipins.
  • #15,732
  • Mar 5, 2013 6:35am Mar 5, 2013 6:35am
Quoting Babyboy
Yeah...

Looking at the chart... entry was a trap... Well, nothing is perfect. Since it's my first live trial, I'll just let it run...

Already had a price movement experience.... Least now the I'm watching the price up & down... less pressure..
5 dollar consider a lottery betting. Consider trade failed.

I'm telling myself no more next time. Follow rules.... 1,2,3,4,5 and dont forget to look left.
Ill keep my position for statistic as all my entries have to hit SL or TP. This have nothing with MM, just my entry statistics.
Till next SL...
Jacek
JacekPreserve Precious Capital
  • #15,733
  • Mar 5, 2013 6:49am Mar 5, 2013 6:49am
Now sweat....

Yeah, I'm trying to do a trial stats as well... 1:1. But I prefer live trial.
I never believe in demoing. It's kinda trap to me...

But the angle during our entry was nice angle just no luck I guess.
Well there's time we win and time we lose, that's part of our life.

It's actually not a big issue. Important is Money Management.

But, after several hours past... trading live really help ease my pressure. At right now, I'm feeling good.
Just pips not with us at the moment And now, Im gonna enjoy my evening with my family.

Evening here. Enjoys. Relax. Happy.
Banker please return my pipins.
  • #15,734
  • Mar 5, 2013 7:11am Mar 5, 2013 7:11am
Quoting snarlyjack
Hi Emmanuel,

Good to see you here!!!

snarlyjack
Thanks snarlyjack,

Likewise, I have good feelings to see this thread continues with your posts and guidance. Look forward to more members come back to this great thread and keep the flame burning.

Kind regards,
emmanuel
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,735
  • Mar 5, 2013 7:16am Mar 5, 2013 7:16am
NZDUSD 5 Mar H4 Trade:

This pair has been ranging downwards with H-L, LH-LL,... with a weekly range of about 150pips.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 5 Feb H4 TMS 5-3-2013 9-07-00 PM.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,736
  • Mar 5, 2013 7:50am Mar 5, 2013 7:50am
Emmanuel,
I have a newbie's question...
On USD/CHF daily we have small red candle, after strong moove (Daily IB). The red one gonna be a retracemnt so in comming days we can expect bearish pressure. How deep this retracement can be..? This fibo pivot I've seen on old your charts can help to predict possible range of this kind a move??
Jacek
JacekPreserve Precious Capital
  • #15,737
  • Mar 5, 2013 8:47am Mar 5, 2013 8:47am
Quoting Jackub
Emmanuel,
I have a newbie's question...
On USD/CHF daily we have small red candle, after strong moove (Daily IB). The red one gonna be a retracemnt so in comming days we can expect bearish pressure. How deep this retracement can be..? This fibo pivot I've seen on old your charts can help to predict possible range of this kind a move??
Jacek
I see a historical support 0.9337, look for CONFLUENCE with other support and resistance if the retracement goes that deep.
otherwise, I look for shallow reatracement support near 0.9385
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,738
  • Mar 5, 2013 8:58am Mar 5, 2013 8:58am
Quoting emmanuel7788
NZDUSD 5 Mar H4 Trade:

This pair has been ranging downwards with H-L, LH-LL,... with a weekly range of about 150pips.
Its not a clear cross of TDI on my chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 23 KB
  • #15,739
  • Mar 5, 2013 9:09am Mar 5, 2013 9:09am
I am using two different brokers and on one carts is all OK, and on the other setup is not ready... its normal, YOU TRDAE WHAT YOU SEE....
JacekPreserve Precious Capital
  • #15,740
  • Mar 5, 2013 9:14am Mar 5, 2013 9:14am
Quoting pundit78
Its not a clear cross of TDI on my chart.

...
Price Action is key in trading. See attached chart.

You maybe using the TDI Red Green from this thread, right?
I use the TDI Realtime version which may explain some small difference.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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