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Trading Made Simple

  • #16,241
  • Mar 17, 2013 2:55pm Mar 17, 2013 2:55pm
Quoting adamjhdavis
Hi All,

Is anyone trading the open of the Asian session?

Regards

Adam
When I was trading TMS H1, I mostly traded London Open.

I traded Tokyo Open now and then, but only EURJPY and GBPJPY, and NOT Sunday Tokyo Open.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,242
  • Mar 17, 2013 3:39pm Mar 17, 2013 3:39pm
Quoting adamjhdavis
Hi All,

Is anyone trading the open of the Asian session?

Regards

Adam
Yes, I do trade the Asian session.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,243
  • Mar 17, 2013 5:08pm Mar 17, 2013 5:08pm
Any brave souls trading the gap?
Attached Image (click to enlarge)
Click to Enlarge Name: eur jpy m15 3-17-2013.gif Size: 26 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #16,244
  • Mar 17, 2013 5:35pm Mar 17, 2013 5:35pm
Quoting Britpip7
Any brave souls trading the gap?
http://www.forexfactory.com/attachme...1&d=1363558088

beware of dead cat bounce
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,245
  • Mar 17, 2013 5:39pm Mar 17, 2013 5:39pm
Quoting emmanuel7788
http://www.forexfactory.com/attachme...1&d=1363558088

beware of dead cat bounce
Indeed
"To live with Passion, it takes Courage and Grace to survive"
  • #16,246
  • Mar 17, 2013 7:58pm Mar 17, 2013 7:58pm
It's 7:00 p.m. here in Montana and I just opened up my computer
to check my trades from friday. To my surprise my 2 shorts (eur/usd & gbp/usd)
were in profit by 140 pips. So... I just liquidated out. I'll reset later,
but it was a nice little surprise (140 x $10.00) I have no idea what's going on?

snarlyjack
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pictures8gif.gif Size: 21 KB
Click to Enlarge Name: pictures9gif.gif Size: 21 KB
  • #16,247
  • Mar 17, 2013 8:34pm Mar 17, 2013 8:34pm
Quoting snarlyjack
It's 7:00 p.m. here in Montana and I just opened up my computer
to check my trades from friday. To my surprise my 2 shorts (eur/usd & gbp/usd)
were in profit by 140 pips. So... I just liquidated out. I'll reset later,
but it was a nice little surprise (140 x $10.00) I have no idea what's going on?

snarlyjack

Snarly - it's all happening due to the Euro Zone Cyprus Bailout

EJ gapped by over 200pips
"To live with Passion, it takes Courage and Grace to survive"
  • #16,248
  • Mar 17, 2013 11:11pm Mar 17, 2013 11:11pm
Thanks Britpip7,

I had no idea. Tonight will be a interesting night...

Thanks!!!

snarlyjack
  • #16,249
  • Mar 17, 2013 11:19pm Mar 17, 2013 11:19pm
Quoting snarlyjack
Thanks Britpip7,

I had no idea. Tonight will be a interesting night...

Thanks!!!

snarlyjack
Indeed, it will be interesting with no major news events as to whether some of the gaps will be filled after London and through New York
"To live with Passion, it takes Courage and Grace to survive"
  • #16,250
  • Mar 18, 2013 5:54am Mar 18, 2013 5:54am
These are published before LO.
Attached File(s)
File Type: pdf DanskeTechnicalUpdate.pdf   63 KB | 397 downloads
File Type: pdf DanskeDaily.pdf   247 KB | 391 downloads
Cut your Losers short and let your Winners run.
  • #16,251
  • Mar 18, 2013 8:16am Mar 18, 2013 8:16am
AUDNZD week 12 18 Mar NYO
average weekly range 180pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD week 12 18 Mar NYO 18-3-2013 9-12-19 PM.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,252
  • Mar 18, 2013 5:37pm Mar 18, 2013 5:37pm
Hi All,

Just a bit of research today....

I checked on nine charts today as the green goes over the red on the tdi chart. if you were to take the first four hours only and in effect scalp the market you could have had over 200 pips today.... what a system.

Thank you so very much big E, genius.

All the best to all.

Adam

(4 hour chart)
  • #16,253
  • Mar 18, 2013 8:12pm Mar 18, 2013 8:12pm
Quoting emmanuel7788
AUDNZD week 12 18 Mar NYO
average weekly range 180pips
http://www.forexfactory.com/attachme...1&d=1363612519

Why wait for better price yesterday even when you see a H4 TDI cross?

Simple answer is: Look at H1 ... there is conflicting H1 TDI conditions which is showing a retracement of the H4.

Now I am still waiting for a Buy setup .....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,254
  • Mar 18, 2013 8:42pm Mar 18, 2013 8:42pm
Quoting adamjhdavis
Hi All,

Just a bit of research today....

I checked on nine charts today as the green goes over the red on the tdi chart. if you were to take the first four hours only and in effect scalp the market you could have had over 200 pips today.... what a system.

Thank you so very much big E, genius.

All the best to all.

Adam

(4 hour chart)
Exactly, you can trade with the Primary Trend on H4 like Big E do in H4 and we do the same here in this thread. .
Or you can scalp the Short Term trend in M15.
Or you can also Day trade the Intermediate Trend in H1.

You have to decide if you are a scalper, day trader or a swing trader .... or you can be a ALL-IN-ONE trader when you have developed the mental fitness to be a Trader.

Trade Well folks!

I love this pic below. have it in front of me all the time to remind me what I am trading at that very moment I see my charts.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,255
  • Mar 18, 2013 9:31pm Mar 18, 2013 9:31pm
Quoting emmanuel7788
http://www.forexfactory.com/attachme...1&d=1363612519

Why wait for better price yesterday even when you see a H4 TDI cross?

Simple answer is: Look at H1 ... there is conflicting H1 TDI conditions which is showing a retracement of the H4.

Now I am still waiting for a Buy setup .....

...."Houston ... when do we get entry? " ................
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD week 12 19 Mar 19-3-2013 10-28-54 AM.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,256
  • Mar 18, 2013 9:52pm Mar 18, 2013 9:52pm
I sometimes use the below indicator to enter trades on the 4hr. It is too noisy to use on the lower time frames. It usually crosses over about 1 period before the TDI does. I use either a set tp to exit or the "hooking" over of the TDI to exit
Attached File(s)
File Type: mq4 T3_RSI.mq4   2 KB | 443 downloads
  • #16,257
  • Mar 18, 2013 10:18pm Mar 18, 2013 10:18pm
GU week 12 19 Mar view:

GU consolidates for several 4-hour periods. It just need a stimulus to breakout.
Stay alert and be vigilant to inside bars breakout when that is supported with TDi cross
Reminder with that last week rally to a high 1.5150. That happened for some reason(s).
Know your historical support and resistance for this pair.
Remember you must have a Plan A and a Plan B.
Having a Plan C is good when bothe Plan A and Plan B fails.

Trade well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,258
  • Mar 19, 2013 1:36am Mar 19, 2013 1:36am
Quoting emmanuel7788
GU week 12 19 Mar view:

GU consolidates for several 4-hour periods. It just need a stimulus to breakout.
Stay alert and be vigilant to inside bars breakout when that is supported with TDi cross
Reminder with that last week rally to a high 1.5150. That happened for some reason(s).
Know your historical support and resistance for this pair.
Remember you must have a Plan A and a Plan B.
Having a Plan C is good when bothe Plan A and Plan B fails.

Trade well.
Thanks . Exactly what i was thinking !! I wanted to make sure if i am right, came here and read your post about GU.
So,with LO , price might breakout. Do, you wait for the whole 4 hour candle to close?
Or go down to 1hour/15min chart for early entry ??
I was thinking of taking the break of asian range on 1 hour chart . Asian range very very thin today.
  • #16,259
  • Mar 19, 2013 1:48am Mar 19, 2013 1:48am
Quoting Winner1245
Thanks . Exactly what i was thinking !! I wanted to make sure if i am right, came here and read your post about GU.
So,with LO , price might breakout. Do, you wait for the whole 4 hour candle to close?
Or go down to 1hour/15min chart for early entry ??
I was thinking of taking the break of asian range on 1 hour chart . Asian range very very thin today.
If a H1 entry shows up, I take that trade first as a intraday trade. Then when the trend runs, convert that to a swing trade and add-in more positions with your profit. The initial risk R for that trade remaions the same. In this way, you can end up with profits in terms of several R's when you first entered the market.

Use the TOK_5H high low for the trade grid size. Today is about 29pips.

Look forward to you discuss and share your 4H trading here in this thread. It will help more people.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,260
  • Mar 19, 2013 1:50am Mar 19, 2013 1:50am
i just read your post in X-man thread . I have read your earlier posts about R multiples.
Did u mean that , since the range of asian session is 25-30 pips today . My R would be the 25,so i have to look for how many R's i can get??
Im thinking 4R since its BO play and the R is low 25.
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