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Trading Made Simple

  • #16,141
  • Mar 13, 2013 9:52am Mar 13, 2013 9:52am
emmanuel7788,

If I may add, there's also a great 61.8 just a pip away from 3rd leg. Second leg barely pierced it.





I'm a bit soaked by X-Man 3S strategy. Can you please clarify, what times of the day I should be trading H4 and H1 according to Big-E advice? Does the window for H4 start at 6:00 GMT and closes at 14:00 GMT and window for H1 starts at 14:00 GMT and lasts till 17:00GMT?

Anyone trade Asian pairs during Asian session between 22:00 GMT (or 0:00 GMT) untill 6GMT? If so, in what cases? When the market is not delivering small bars moving sideways?

There is a nice H4 USD/JPY long trade on its way, but following Big-E advice, I did not take it.

Thankyou,
M.
Remember I'm a newbie!
  • #16,142
  • Mar 13, 2013 10:01am Mar 13, 2013 10:01am
[quote=snarlyjack;6512026]I have to go to the doctor today, so I went to bed early last night.

I hope that somebody made some good profits on the eur/usd move

I knew it was going to break down but it took longer than I thought.

Good trading everyone...

snarlyjack[/QUOT


Hope everything goes well at the dr. today,.good luck. On the e/u short it wasn't signalling on the first 4 hr.candle, i still have 10 minutes to close on 4 hr.candle. 1 hr. candle was nice though, damm need for sleep.
Are you able to reply to my previous question about the difference in our synergy candles? Thanks again

Jim
  • #16,143
  • Edited 11:02am Mar 13, 2013 10:41am | Edited 11:02am
Quoting shadodwel
I think I'm going to force myself to stick to the 1hr time frame and keep an eye on 4 currencies only instead of 8; checking the 4hr also to see any potential harmonic patterns forming. I have a trade explorer setup on my micro live account linked to this profile. This way people can see my successful trades (hopefully) and unsuccessful ones as well. I'm going to stick to EURUSD, GBPUSD, AUDJPY, and EURJPY. My risk is going to be 1% of my account for every 25 pips. This is where I need some guidance because on the EURJPY we know it can more 100...
shadodwel, EURJPY is volatile, but it is NOT that volatile as people say. Don't trade during big news (like NonFarm etc.) and watch out for Bank of Japan's actions, and you'll be just fine. In my humble opinion, if you use SL 30-35 pips and if you don't enter right after very big candles, you can be at least that safe with EURJPY as you can be safe with EURUSD. If you risk 1% for 25 pips then 30-35 pips would be less than 1.5%.

Another thing: you can be very successful trading EURJPY if you pay attention to EURUSD. I don't mean the TDI's signals, I mean the H1 trend. Obviously, if EURUSD goes down you don't want to buy EURJPY.

If we know that GBPUSD and AUDUSD are EURUSD's "amigos", we should also remember that EURJPY has "the amigos" too! You don't want to trade GBPJPY and USDJPY, but it is a good idea to look at them and EURJPY as at another "Three Amigos", that would help you a lot with your EURJPY trading.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,144
  • Mar 13, 2013 12:22pm Mar 13, 2013 12:22pm
Bigjim,

I think we are using the same synergy apb. The only thing I can
think of is : I did go into properties on the m4 platform and changed
the bar colors to match synergy apb colors. Check out your properties
that might be the difference. Other than that I have no idea.

snarlyjack

P.S. The doctor said my blood pressure was good. He told me not
to use "salt" at all.
  • #16,145
  • Mar 13, 2013 12:26pm Mar 13, 2013 12:26pm
Emmanuel,

I think we trade about the same way

I like your chart and especially the bear
feeding on salmon...

Thanks for your help & support.

snarlyjack
  • #16,146
  • Mar 13, 2013 1:15pm Mar 13, 2013 1:15pm
Thanks for the reply. I'm going to watch the EURJPY, but try to stay away from it until I see a harmonic pattern forming. At the same time, I am going to be trading the AUDJPY instead.

I'm attaching a file that shows the different volatility groups. I did not create this file on my own. THIS IS TAKEN DIRECTLY FROM THE NANNINGBOB THREAD at Forex Factory. I take no credit for it.

Quoting Favorite
shadodwel, EURJPY is volatile, but it is NOT that volatile as people say. Don't trade during big news (like NonFarm etc.) and watch out for Bank of Japan's actions, and you'll be just fine. In my humble opinion, if you use SL 30-35 pips and if you don't enter right after very big candles, you can be at least that safe with EURJPY as you can be safe with EURUSD. If you risk 1% for 25 pips then 30-35 pips would be less than 1.5%.

Another thing: you can be very successful trading EURJPY if you pay attention to EURUSD. I don't mean the TDI's signals,...
Attached File(s)
File Type: doc CurrencyVolatility.doc   23 KB | 783 downloads
  • #16,147
  • Mar 13, 2013 1:43pm Mar 13, 2013 1:43pm
Quoting snarlyjack
Bigjim,

I think we are using the same synergy apb. The only thing I can
think of is : I did go into properties on the m4 platform and changed
the bar colors to match synergy apb colors. Check out your properties
that might be the difference. Other than that I have no idea.

snarlyjack

P.S. The doctor said my blood pressure was good. He told me not
to use "salt" at all.
Hi snarlyjack:
Thanks for the heads up, I'll check the indicator when I get home. I took salt completly off my table at home and when I go out to eat and it made a world of difference in my b.p. After a couple of weeks you won't even want to add it to anything. Glad for the good report.

Jim
  • #16,148
  • Mar 13, 2013 2:57pm Mar 13, 2013 2:57pm
Quoting emmanuel7788
EJ H4 example - how to get a better price entry.

There are times when we missed the first HA entry candle and waited for the 2nd HA to close. But when 2nd HA close too far away, it is always better to look in the lower TF like H1 for a retracement to get a better enetry price. This will reduce your inital SL ( R) and a a better position size.

See chart.
Simple question I'm sure but what is the yellow line on your tdi chart?

I am new to this system, do you have a link for it so I can attach it to mine?

Regards

Adam
  • #16,149
  • Edited 4:11pm Mar 13, 2013 3:28pm | Edited 4:11pm
NU week 11 H4 trade:
RBNZ rate announcement, no surprise that it will keep its 2.5% rate. So Sellers just waited like the Bears.

It's 4:25AM my local time, woke up to check if my trade manager manage this trade correctly.
And it did just what I set it to do.
Partial exit TP1 +50pips, BE remaining trade to run.
Another BEAR feeding this week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NU week11 13 Mar trade BE 14-3-2013 4-15-09 AM.png Size: 53 KB
Click to Enlarge Name: NU week11 BEAR feeding 14-3-2013 4-22-06 AM.png Size: 174 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,150
  • Mar 13, 2013 3:33pm Mar 13, 2013 3:33pm
AU 14 Mar:
Aussie retraces back into its previous week' range.... ahead of the key data release in about 3 hours.
Buyers beware!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,151
  • Mar 13, 2013 3:51pm Mar 13, 2013 3:51pm
Quoting mierzyk
emmanuel7788,

If I may add, there's also a great 61.8 just a pip away from 3rd leg. Second leg barely pierced it.





I'm a bit soaked by X-Man 3S strategy. Can you please clarify, what times of the day I should be trading H4 and H1 according to Big-E advice? Does the window for H4 start at 6:00 GMT and closes at 14:00 GMT and window for H1 starts at 14:00 GMT and lasts till 17:00GMT?

Anyone trade Asian pairs during Asian session between 22:00 GMT (or 0:00 GMT) untill 6GMT? If so, in what cases? When the market is not delivering small...

Hi mierzyk,

First, I treat trading as a business when I turned full-time 5+ years ago.
I follow the GMT00 server time and I trade a 4-hour period. this means I will look at my charts once every 4-hours. This fit my lifestyle very nicely and I can enjoy enough sleep during the night here is Asia Pacific when the US market is running.
When there are opportunity in the Sydney market session open, I am awake early just like today. When I have open trades to manage (or nurse) I make it a point to check every 4-hour and make decision.
When I trade intraday, I make sure I am available for at least a entire 4-hour period to see how my trades are developing every hour. I trade the Tokyo session first few hours, then the Euro market hours. I will skip after London closed.

In between those times, I can do other things like posting in this FF forum. I have also my own online chat with my other traders. Besides, I have all the same errands to run like all household have. All these are part of a trader' day work.

Hope this help answer your question.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,152
  • Mar 13, 2013 3:53pm Mar 13, 2013 3:53pm
Quoting bigjim1958
Hi snarlyjack:
Thanks for the heads up, I'll check the indicator when I get home. I took salt completly off my table at home and when I go out to eat and it made a world of difference in my b.p. After a couple of weeks you won't even want to add it to anything. Glad for the good report.

Jim

Hi bigjim - I was thinking the same as you and it took me a while to work out - I think snarlyjack has the candlesticks turned on as well as the HAs. He has colour matched the candles to the HA scheme.
  • #16,153
  • Mar 13, 2013 4:02pm Mar 13, 2013 4:02pm
Quoting adamjhdavis
Simple question I'm sure but what is the yellow line on your tdi chart?

I am new to this system, do you have a link for it so I can attach it to mine?

Regards

Adam
Hi Adam

the yellow line is known as the Market Base Line MBL for short.
and the blue lines is what call the Volatility Band VB.

you can turn them on/off in the indicator properties using the colour setting.

Trade Well.
Attached Image (click to enlarge)
Click to Enlarge Name: TDI properties colours .png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,154
  • Mar 13, 2013 4:26pm Mar 13, 2013 4:26pm
ok, it time for me to go out and catch some fresh morning air, listen to the waves and watch the sunrise.

I'll be back.

Meantime, you folks behave and trade well. Do Not feed the bulls and bears. Let them be free ranged.

Moin moin...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,155
  • Mar 13, 2013 7:35pm Mar 13, 2013 7:35pm
Quoting emmanuel7788
Hi mierzyk,

First, I treat trading as a business when I turned full-time 5+ years ago.
I follow the GMT00 server time and I trade a 4-hour period. this means I will look at my charts once every 4-hours. This fit my lifestyle very nicely and I can enjoy enough sleep during the night here is Asia Pacific when the US market is running.
When there are opportunity in the Sydney market session open, I am awake early just like today. When I have open trades to manage (or nurse) I make it a point to check every 4-hour and make decision.
When I trade intraday,...
Hi Emmanuel:
Sounds like you have this thing worked out pretty good, trading to live, not living to trade, very nice. I have an trade manager that only moves my stop to BE +1 and can't break the trade into partials. Is your manager available or is it something that you paid for? Thanks for your time and congratulations again.

Jim
  • #16,156
  • Mar 13, 2013 8:39pm Mar 13, 2013 8:39pm
Hi All,

I need some advise on this setup. As the UJ I am still shorting with profit of 60pips at the moment.

I'm looking at daily and weekly which are showing green crossing red. But under hr4, it's show a rebounce green cross red.
If I'm a trading for long term, I should be shorting for now. But If I follow the TMS rules, I should be exiting the trade.

Can any senior give your valuable constructive or destructive advice. Personally I'm having a gut feeling of bull bias.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013.03.14 uj hr4.gif Size: 29 KB
Click to Enlarge Name: 2013.03.14 uj daily.gif Size: 28 KB
Banker please return my pipins.
  • #16,157
  • Mar 13, 2013 8:40pm Mar 13, 2013 8:40pm
hi emmanuel

i saw this thread few weeks before and its nice simple

i am trading this system in one hour timeframe and took eu trade for 60 pips

i need your trade manager pls upload
  • #16,158
  • Mar 13, 2013 9:15pm Mar 13, 2013 9:15pm
Quoting Babyboy
Hi All,

I need some advise on this setup. As the UJ I am still shorting with profit of 60pips at the moment.

I'm looking at daily and weekly which are showing green crossing red. But under hr4, it's show a rebounce green cross red.
If I'm a trading for long term, I should be shorting for now. But If I follow the TMS rules, I should be exiting the trade.

Can any senior give your valuable constructive or destructive advice. Personally I'm having a gut feeling of bull bias.
H4 is still looking at a run lower with TDI Mid Zone below 50 and fresh colour change with TDI heading for another cross - new candle in 50 mins - 95.20 & 94.30 are key sticking points if this continues south. Nothing to really tell you to go long at the moment IMO.

Day chart is losing momentum and TDI is showing bearish divergence over the long time frame of about 60 days.

Week chart shows clear S/R levels and PA is pulling back to one at the moment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj h4 3-13-2013.gif Size: 34 KB
Click to Enlarge Name: uj day 3-13-2013.gif Size: 35 KB
Click to Enlarge Name: uj week 3-13-2013.gif Size: 48 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #16,159
  • Mar 13, 2013 10:57pm Mar 13, 2013 10:57pm
MULTI-PURPOSE TRADE MANAGER (MPTM)

For those who asked for my trade manager EA, please go to this thread in the Commercial Section, link below:

http://www.forexfactory.com/showthread.php?t=89371&highlight=mptm

Follow that thread closely and read the manual provided.

Try that first and learn all the nice features therein. Because I trade a Multiple Entries / Multiple Exits MM strategy, I use the partial exit and the basket management features to manage all open trades. It is an excellent EA developed by Steve Hopwood, one of the best here in FF.

DO NOT ask any question here, but follow that thread and ask your questions there.

Thank you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,160
  • Mar 13, 2013 10:59pm Mar 13, 2013 10:59pm
Emmanual Please upload Trade Manager
55 traders viewing now, 1 is registered:
GanharDinhei