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Trading Made Simple

  • #15,841
  • Mar 7, 2013 1:52am Mar 7, 2013 1:52am
Quoting snarlyjack
Rion,

It's getting late for me (my bedtime). Anyway,
trade with the trend and the London market. The late N/Y session
and Asia session are not very volatile.

Tks

snarlyjack
Hey,

sweet dreams for the next 4 hours.

I'll be here and I will ring your alarm clock...2 minutes before the next H4 close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,842
  • Mar 7, 2013 1:53am Mar 7, 2013 1:53am
Quoting emmanuel7788
you chose the worst week in the calendar year to trade.
The SM started their holidays in that week and liquidity is low.
If I die die must trade, I follow the prev weeks trend and look for buy only, buy the dips.
where is the support for that week 52?
127% is the clue since we are on H4.
so you look at weekly candles everytime you place a trade on 4H??
If its up then buy the lows or down then sell the highs??
  • #15,843
  • Mar 7, 2013 2:14am Mar 7, 2013 2:14am
Quoting Winner1245
so you look at weekly candles everytime you place a trade on 4H??
If its up then buy the lows or down then sell the highs??
we are trend traders, and there is a process I follow everyday when I trade. I look at many things which covers these ten topics - PriceAction, Trend, Multi-TimeFrame, Momentum, Supportand Resistance, Continuation, Volatility, MarketStrength, Range, Timing.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,844
  • Mar 7, 2013 2:47am Mar 7, 2013 2:47am
I am looking for a set up on USD/CAD, H4 chart shows that cross of green and red is abuot to take place. 15M chart shows that price has cross the trendline, do you think that this is good enough for a confirmation even though the green has not cross the red line yet on H4?
I am think I should wait till this happens and then look for entry on 15M chart if the price bounces of the trendline.

What do you think?
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  • #15,845
  • Mar 7, 2013 2:52am Mar 7, 2013 2:52am
Advise the indicator for the filter. Or it isn't present?
Hi, everybody. Forgive if I write with mistakes.
  • #15,846
  • Mar 7, 2013 2:55am Mar 7, 2013 2:55am
Quoting Raftron
I am looking for a set up on USD/CAD, H4 chart shows that cross of green and red is abuot to take place. 15M chart shows that price has cross the trendline, do you think that this is good enough for a confirmation even though the green has not cross the red line yet on H4?
I am think I should wait till this happens and then look for entry on 15M chart if the price bounces of the trendline.

What do you think?
Don't you afraid go CT having 1.30000 BRN so close?
JacekPreserve Precious Capital
  • #15,847
  • Mar 7, 2013 3:00am Mar 7, 2013 3:00am
Quoting Rion
Advise the indicator for the filter. Or it isn't present?
The only filter you can use I am afraid, is your own analisys of current situation, more less whole thread is about
JacekPreserve Precious Capital
  • #15,848
  • Mar 7, 2013 3:00am Mar 7, 2013 3:00am
Quoting Rion
Advise the indicator for the filter. Or it isn't present?
the only filter on your chart is the price bar or candle.
if you must have a filter for buy and sell, then I would be using the Heiken Ashi indicator.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,849
  • Mar 7, 2013 3:17am Mar 7, 2013 3:17am
Quoting Jackub
Don't you afraid go CT having 1.30000 BRN so close?
Could you please explain? I don't understand what BRN is.
  • #15,850
  • Mar 7, 2013 3:26am Mar 7, 2013 3:26am
Quoting Raftron
Could you please explain? I don't understand what BRN is.
Big Round Numers, like 1.3000 act as strong S/R zones, in not far past was supporting and resisting price movements , you can see it on your chart
I do not feel to be on position to teach nobady beeing newbie myself, but its just my thought...
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JacekPreserve Precious Capital
  • #15,851
  • Mar 7, 2013 3:37am Mar 7, 2013 3:37am
Quoting Raftron
I am looking for a set up on USD/CAD, H4 chart shows that cross of green and red is abuot to take place. 15M chart shows that price has cross the trendline, do you think that this is good enough for a confirmation even though the green has not cross the red line yet on H4?
I am think I should wait till this happens and then look for entry on 15M chart if the price bounces of the trendline.

What do you think?
well, this is what I thinl about USDCAD.

it has been trending UP in Jan and whole month of Feb.
To turn this around will take more than a few H4 candles.
I treat this week as consolidation before the next move.
If you are trading intraday, maybe 30pips is good profit for CT trade as position swing and buyers will exit and price back down a little. Others will just tighten their stops.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,852
  • Mar 7, 2013 3:38am Mar 7, 2013 3:38am
Quoting Jackub
Big Round Numers, like 1.3000 act as strong S/R zones, in not far past was supporting and resisting price movements , you can see it on your chart
I do not feel to be on position to teach nobady beeing newbie myself, but its just my thought...
I see what you mean now. Yes, it is a strong support which price has already pierced. If the price makes LH, I guess we will have a chance of the reversal continuation? There is a double top on H4, which led me to think that it might be time for a reversal. The bottom trendline on H4 is not far away as well. It can go either way, obviously.
  • #15,853
  • Mar 7, 2013 3:41am Mar 7, 2013 3:41am
Quoting Jackub
Big Round Numers, like 1.3000 act as strong S/R zones, in not far past was supporting and resisting price movements , you can see it on your chart
I do not feel to be on position to teach nobady beeing newbie myself, but its just my thought...
http://www.forexfactory.com/attachme...1&d=1362648306

Good clean chart!

* last week' high must also circle..

I LIKE...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,854
  • Mar 7, 2013 4:11am Mar 7, 2013 4:11am
Thank you all the senior contributors in paticular.
I have traded a lot but only started forex 5 months ago.
I have been busting my boiler working on getting a bunch of edges happening and one of the biggest ones is having a fundamental bias one way or another with a couple of pairs.
So you learn macro economics,have that sorted, you scour all the serious currency reports orders etc etc.daily, make a few good trades and the Euro zone starts to look a bit rough again economically.
So what the hell do you do?
Change you fundamental bias or not?
Not game to make a trade anymore. Wait - but when will I be ready again?
Anyway. long story short, I happened on your forum, have spent two days reading everything I can on all the threads regarding tdi and using the wise instructions of senior members I am looking for those trades with a steep green line crossover and the D and W ( thanks to the man from Deutschland who explained W and D)
and my account in aa few days is looking better with less stress than ever before.
London and NY opening are easy for me, being in Australia (London opens at 6.30pm and NY (for the moment anyway)11.30 pm..
Then I have to decide if I set the alarm for 2.30am.
Great to be part of your community.
Thanks
  • #15,855
  • Mar 7, 2013 4:13am Mar 7, 2013 4:13am
Sorry, that was Snarleyjack who explained the W and D
  • #15,856
  • Mar 7, 2013 5:22am Mar 7, 2013 5:22am
So here's what I have tonight, I didn't feel good about any of these, probably gonna undo my gains from last night.

http://content.screencast.com/users/...03-07_2146.png

Honestly, at the moment, feeling very lost in the world of Forex, feel like just giving up, that's why I took the aggressive trades last night, and why I took the aggressive trading tonight, taking crosses and not thinking about it. Because at least I have results, instead of just closing down my MT4 and not gaining any experience.

Just don't know how to tell between "hunches" and "second guessing" and feel a bit like that dog, where is he (goes to Google):

http://cdn.memegenerator.net/instanc...x/31450812.jpg

HA. I guess I just gotta stumble around till I get a hang of things. And a 1,2,3 and a 1,2,3.

Sigh.
  • #15,857
  • Mar 7, 2013 5:24am Mar 7, 2013 5:24am
Ooooo hello! South Australian, reporting for duty! And I'm guessing you are too, or NT.

Quoting andygrope
London and NY opening are easy for me, being in Australia (London opens at 6.30pm and NY (for the moment anyway)11.30 pm..
Then I have to decide if I set the alarm for 2.30am.
Great to be part of your community.
Thanks
  • #15,858
  • Mar 7, 2013 5:42am Mar 7, 2013 5:42am
Adelaide.
And You?
  • #15,859
  • Mar 7, 2013 8:07am Mar 7, 2013 8:07am
Caught a good signal today, lets see how it goes.

TDI crossover on 4 H , also good reversal signal on daily (but yet to complete).
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  • #15,860
  • Mar 7, 2013 8:19am Mar 7, 2013 8:19am
Quoting pundit78
Caught a good signal today, lets see how it goes.

TDI crossover on 4 H , also good reversal signal on daily (but yet to complete).
Are you using default settings on your TDI and Synergy_APB?

My TDI has not crossed yet and I have got only one bullish bar on my chart..
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