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Trading Made Simple

  • #16,401
  • Mar 25, 2013 2:45am Mar 25, 2013 2:45am
EU 25 Mar H1 trade update TP1:

Trade just hit TP1 +31pips. Now BE remaining for TP2.
This is CT trade, so must move in quick and protect.
Take and run is good when doing CT trade.

There is a TDI trendlne break, not sure if anyone believe in that kind of thing.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 25 Mar h1 trade update TP1 25-3-2013 3-41-04 PM.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,402
  • Mar 25, 2013 2:49am Mar 25, 2013 2:49am
Quoting snarlyjack
Emmanuel,

Good to hear, at least I'am not alone...
Looks to me like it's selling off.
snarlyjack

Hi snarlyjack,

you are never alone despite we are 13 hours apart. Its your bedtime and my afternoon tea here. The market will keep us united.

Good Trading !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,403
  • Mar 25, 2013 3:08am Mar 25, 2013 3:08am
Quoting emmanuel7788

Take and run is good when doing CT trade.
Not really CT. TDI H4 breaks out of top blue channel and about to cross down. Stoch overbought. Hit the top H4 channel and have a strong 200MA above it so high chance to bounce down.
back... and more dangerous.
  • #16,404
  • Mar 25, 2013 3:16am Mar 25, 2013 3:16am
Quoting kbp
Not really CT. TDI H4 breaks out of top blue channel and about to cross down. Stoch overbought. Hit the top H4 channel and have a strong 200MA above it so high chance to bounce down.
Thanks.
No chart..No Talk. LOL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,405
  • Mar 25, 2013 3:24am Mar 25, 2013 3:24am
Quoting emmanuel7788
USDCAD week 13 25 Mar:

Take a look at loonie, ... from W>D > H4.
Something very 'powerful' ... if you had learn from the weekend exercise.

Trade Well.
do we have gartley here ... ?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadweekly.png Size: 48 KB
JacekPreserve Precious Capital
  • #16,406
  • Mar 25, 2013 3:39am Mar 25, 2013 3:39am
Quoting Jackub
do we have gartley here ... ?Attachment
well your chart shows a Gartley which is 3 weeks ago...but that was not I was looking for.

now I see a breakout range of the high and low with a IB and a nr4IB in it.

this will be the breakout range for position trading..
Attached Image (click to enlarge)
Click to Enlarge Name: jackub UCad 25-3-2013 4-35-21 PM.png Size: 155 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,407
  • Mar 25, 2013 3:45am Mar 25, 2013 3:45am
Quoting emmanuel7788
well your chart shows a Gartley which is 3 weeks ago...but that was not I was looking for.

now I see a breakout range of the high and low with a IB and a nr4IB in it.

this will be the breakout range for position trading..
Emmanuel, the idea of 4IB is not clear for me, maybe it is a language barrier (again my poor english)
What I can see on my chart is IB after another IB
JacekPreserve Precious Capital
  • #16,408
  • Mar 25, 2013 3:51am Mar 25, 2013 3:51am
Quoting Jackub
Emmanuel, the idea of 4IB is not clear for me, maybe it is a language barrier (again my poor english)
What I can see on my chart is IB after another IB
the second IB is the smallest bar/candle of the most recent 4 bars/candles including the second IB...
hence its name narrow range 4 inside bar.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,409
  • Mar 25, 2013 3:55am Mar 25, 2013 3:55am
here is my view on Ucad now.
selling is H4 may hit a snag with a support zone (demand zone) below now.
that must be broken to see a breakout down.
it may take a longer time for this to happen.
... patience and follow the market flow day by day till that happens.
or go in with small bites that you can chew and swallow.
Attached Image (click to enlarge)
Click to Enlarge Name: UCad week 13 H4 view 25-3-2013 4-46-26 PM.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,410
  • Mar 25, 2013 4:03am Mar 25, 2013 4:03am
Advise please 1 hour gone flat should i jump out?
http://charts.mql5.com/1/204/eurusds...ad-trading.png
  • #16,411
  • Mar 25, 2013 4:06am Mar 25, 2013 4:06am
Quoting biDc
Interested in kiwi dollar for its divergence and location.
Similar to Audnzd
A valid buy according to xman method too.
Attached Image (click to enlarge)
Click to Enlarge Name: an.gif Size: 29 KB
  • #16,412
  • Mar 25, 2013 4:07am Mar 25, 2013 4:07am
Quoting adamjhdavis
Advise please 1 hour gone flat should i jump out?
http://charts.mql5.com/1/204/eurusds...ad-trading.png
1. your H1 entry is very late and you chased after a long H1 candle...Bad boy!

2. Look at H4, can you withstand the 4-h volatility with your initial SL?

3. Do you have faith in H4 setup now, if you do beleive in H4, do you know how to trade yourself out of a H1 losing position?

Tough one!

This will test your mental fitness now as a trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,413
  • Mar 25, 2013 4:10am Mar 25, 2013 4:10am
Quoting Winner1245
Similar to Audnzd
A valid buy according to xman method too.
Looks like a turnaround, but not yet confirm.
I am holding loosing positions from last week.
Now I need to trade myself out of this big one.
Will share this when it is all over. ... now suffering some pain in the back. LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,414
  • Mar 25, 2013 4:10am Mar 25, 2013 4:10am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
Hello , emmanuell please could you tell me if this is popgun pattern on h1 EU
still not familiar with it. also never traded one.
thank you so much.
Attached Image
  • #16,415
  • Mar 25, 2013 4:16am Mar 25, 2013 4:16am
Quoting emmanuel7788
Looks like a turnaround, but not yet confirm.
I am holding loosing positions from last week.
Now I need to trade myself out of this big one.
Will share this when it is all over. ... now suffering some pain in the back. LOL.
Oh, loosing position
DId you buy it on 21st march ??
  • #16,416
  • Mar 25, 2013 4:20am Mar 25, 2013 4:20am
Quoting Winner1245
Oh, loosing position
DId you buy it on 21st march ??
sure I did and it is hurting ... sometimes I need to nurse my trades like this one....
only small consolidation buying kiwi is the positive swap (peanuts)..so I wonder why people even look at that. LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,417
  • Mar 25, 2013 4:25am Mar 25, 2013 4:25am
Quoting Hcp
Hello , emmanuell please could you tell me if this is popgun pattern on h1 EU
still not familiar with it. also never traded one.
thank you so much.
yup, that is a valid H1 Pop Gun and also that 3 bars is a bearish pattern with that H1 engulfing candle where I made my entry after that H1.
That Pop Gun maybe sign of a 'pop' later remember the price levels.

Note: I only look for H4 and D Pop Gun for my setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,418
  • Mar 25, 2013 4:26am Mar 25, 2013 4:26am
Quoting emmanuel7788
sure I did and it is hurting ... sometimes I need to nurse my trades like this one....
only small consolidation buying kiwi is the positive swap (peanuts)..so I wonder why people even look at that. LOL.
I took the same one , was out with a 6 pips loss after 16hours of no movement.
  • #16,419
  • Mar 25, 2013 4:32am Mar 25, 2013 4:32am
about Hikkake and nr4IB:

Attached some reading material on Inside Bar and nr4IB for those interested to study more into this fanciful candlestick pattern stuff.

Trading Made Simple is supposed to be simple so why do we make it complicated with all these stuff? You must know a lot so that it will becoms simple and easy.

I trade stock on EOD basis, i.e. using only D chart. These IB and nr4IB are great to trade the stock market. So I adapted the same technique in spot forex on H4 and D. It worked well for me the past 3 years.

Have fun reading and learning.
Attached File(s)
File Type: pdf Hikkake Set up.pdf   167 KB | 2,435 downloads
File Type: pdf NR4-InsideBar.pdf   574 KB | 2,447 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,420
  • Mar 25, 2013 4:45am Mar 25, 2013 4:45am
Quoting emmanuel7788
here is my view on Ucad now.
selling is H4 may hit a snag with a support zone (demand zone) below now.
that must be broken to see a breakout down.
it may take a longer time for this to happen.
... patience and follow the market flow day by day till that happens.
or go in with small bites that you can chew and swallow.
http://www.forexfactory.com/attachme...1&d=1364201673


If you are not in this yet, ... DO NOT CHASE after price. ..
wait for a retracement / pullback entry... it can be a falling knife for this pair this week...it will cut you bad trying to catch a falling knife.

hint: catch it from above and follow the downward momentum.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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