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Trading Made Simple

  • #16,501
  • Mar 26, 2013 2:27am Mar 26, 2013 2:27am
A DIB on GNZD
Closely watching M15
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gnzd.gif Size: 80 KB
Click to Enlarge Name: gnzd 15m.gif Size: 23 KB
  • #16,502
  • Mar 26, 2013 2:29am Mar 26, 2013 2:29am
Practice exercise on USDCAD:

See attached chart below.
Using that H4 candle as the trigger, how would you have gotten an entry into the market?
Attached Image (click to enlarge)
Click to Enlarge Name: UCad week 13 H4 trigger Q 26-3-2013 3-26-01 PM.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,503
  • Mar 26, 2013 2:30am Mar 26, 2013 2:30am
[quote=emmanuel7788;6547057]Hi,

'dumb' people ask dumb question.
smart people also ask 'dumb' question.
'dumb' people also ask smart questions.
smart people keep asking same smart question.

which are you? you decide.

Well,
Emmanuel, thank you very much for post showing your point of view, now I have right picture of this....
JacekPreserve Precious Capital
  • #16,504
  • Mar 26, 2013 2:39am Mar 26, 2013 2:39am
EU 26 Mar H1 Trade:

Trading the correction of yesterday dip.
Trade open using TOK_5H.
Small SL, must move fast and protect quickly when LO.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 26 Mar H1 trade 26-3-2013 3-34-56 PM.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,505
  • Mar 26, 2013 2:40am Mar 26, 2013 2:40am
Quoting Jackub
Thanks Winner,
I can do that, but still problems remain, daily open?? mine is different then Emmanuel's, Yours, Pivot levels, based on what?? my broker end of the day or US Close?? Is there any rules about it?? Still it looks for me like very basic issue
Jacek
Hi jackub

Yes you have a nice point.Obviously if open and close are different then PP daily and weekly would also be different.A forex rule says FOLLOW THE PEOPLE.This rule is apply on more buyers and sellers in the specific time in market and also on what mostly timezone pivot point traders use with their analysis."Just think If most of the traders use 0200 pivot point timezone and 0000 timezone has not traders' support then 0000 timezone pivot point would strong or not?

frank
  • #16,506
  • Mar 26, 2013 2:44am Mar 26, 2013 2:44am
Quoting emmanuel7788
EU 26 Mar H1 Trade:

Trading the correction of yesterday dip.
Trade open using TOK_5H.
Small SL, must move fast and protect quickly when LO.
Hi,
plz give ur view on this,Gnzd
Failed to break and close above TOK high /Mother bar high .A possible short ??
Is this the way how you deal with DIB breakouts??Am i even close??
Attached Image (click to enlarge)
Click to Enlarge Name: gnzd 15m.gif updated.gif Size: 25 KB
  • #16,507
  • Mar 26, 2013 2:55am Mar 26, 2013 2:55am
Quoting Winner1245
Hi,
plz give ur view on this,Gnzd
Failed to break and close above TOK high /Mother bar high .A possible short ??
Is this the way how you deal with DIB breakouts??Am i even close??
If you think of intraday, wait for breakout below TOK_5H and re-test to see it deos not return back to the TOK_5H. below
Beware of RN1.8150 below last week low. A break below would be nice continuation.

GBP is the weaker one.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,508
  • Mar 26, 2013 4:17am Mar 26, 2013 4:17am
Quoting frank.david
Hi jackub

Yes you have a nice point.Obviously if open and close are different then PP daily and weekly would also be different.A forex rule says FOLLOW THE PEOPLE.This rule is apply on more buyers and sellers in the specific time in market and also on what mostly timezone pivot point traders use with their analysis."Just think If most of the traders use 0200 pivot point timezone and 0000 timezone has not traders' support then 0000 timezone pivot point would strong or not?

frank
Frank,
First of all thank you very much for your post
correct me if I am wrong, still I am in forex kindergarten, if zone 00:00 is not supported/respected by traders is weak, do I follow correctly? but stuborn newbie will ask again how do I know which time zone are prefered by most of the traders??
I like the point mentioned by Emmanuel, it make sens to me,
Jacek
JacekPreserve Precious Capital
  • #16,509
  • Mar 26, 2013 5:11am Mar 26, 2013 5:11am
Quoting emmanuel7788
If you think of intraday, wait for breakout below TOK_5H and re-test to see it deos not return back to the TOK_5H. below
Beware of RN1.8150 below last week low. A break below would be nice continuation.

GBP is the weaker one.
Morning/evening

I read you post in another thread about the Tok 5H. Please could you describe how you use it again. Is there an inidcator you use to highlight the period (I suspect you don't do it by hand).

Thanks
  • #16,510
  • Mar 26, 2013 5:15am Mar 26, 2013 5:15am
Quoting Jackub
Frank,
First of all thank you very much for your post
correct me if I am wrong, still I am in forex kindergarten, if zone 00:00 is not supported/respected by traders is weak, do I follow correctly? but stuborn newbie will ask again how do I know which time zone are prefered by most of the traders??
I like the point mentioned by Emmanuel, it make sens to me,
Jacek
Hi jackup

You can understand this like,main price mover factors are out of the door or all are just waiting to follow ALL.then cold timezone faced by market e.g price consolidate before NEWS.how do I know which time zone are prefered by most of the traders?? Answer is which is mostly provided by the brokers to traders.have a look last posts on thread and do research what timezone used by most of the traders.hope it would be 0000+2 mostly.

Hope helpful
frank
  • #16,511
  • Mar 26, 2013 5:50am Mar 26, 2013 5:50am
Quoting frank.david
Hi jackup

You can understand this like,main price mover factors are out of the door or all are just waiting to follow ALL.then cold timezone faced by market e.g price consolidate before NEWS.how do I know which time zone are prefered by most of the traders?? Answer is which is mostly provided by the brokers to traders.have a look last posts on thread and do research what timezone used by most of the traders.hope it would be 0000+2 mostly.

Hope helpful
frank
Thanks Frank!! ...
JacekPreserve Precious Capital
  • #16,512
  • Mar 26, 2013 6:07am Mar 26, 2013 6:07am
Is it just me or are the markets dead today!!!

Day off from work as well today, oh well just the way it goes I guess.

Patience and Discipline.

Have a good day

Adam
  • #16,513
  • Mar 26, 2013 6:09am Mar 26, 2013 6:09am
Quoting Jackub
Frank,
First of all thank you very much for your post
correct me if I am wrong, still I am in forex kindergarten, if zone 00:00 is not supported/respected by traders is weak, do I follow correctly? but stuborn newbie will ask again how do I know which time zone are prefered by most of the traders??
I like the point mentioned by Emmanuel, it make sens to me,
Jacek
I had the same questions - I decided the best thing for me was to use the same as those who I am learning from. I can then see how they are analysing their charts and compare to mine. Although my broker doesn't use Metatrader - so I set up a demo account to use MT4 for analysis with a broker using GMT-0, and then execute through my broker.
  • #16,514
  • Mar 26, 2013 6:12am Mar 26, 2013 6:12am
Hi gurus,

My broker's candle closes 2 hours later then the proposed time by eelfranz.

The proposed start time is 10pm Pacific, but my 4 hour candle only closes on the 12pm Pacific time.. Are there any suggestions that i can go around this?

Thanks!
  • #16,515
  • Mar 26, 2013 6:16am Mar 26, 2013 6:16am
Did anyone take the AUDNZD? Closed above the 60ema so I took a long. moving slow.

Attached Image (click to enlarge)
Click to Enlarge Name: an long 032613.gif Size: 36 KB
  • #16,516
  • Mar 26, 2013 6:20am Mar 26, 2013 6:20am
Quoting ryanlum
Hi gurus,

My broker's candle closes 2 hours later then the proposed time by eelfranz.

The proposed start time is 10pm Pacific, but my 4 hour candle only closes on the 12pm Pacific time.. Are there any suggestions that i can go around this?

Thanks!
what is a soniker doing here? LOL

can we talk GMT or UTC as the reference time please.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,517
  • Mar 26, 2013 6:22am Mar 26, 2013 6:22am
Quoting emmanuel7788
what is a soniker doing here? LOL

can we talk GMT or UTC as the reference time please.
i am new to forex so i am trying both strategies

anyway.. lets say my candle 2 hours later after the proposed time of what eelfranz say we should start.. how do we tackle it?

Thanks
  • #16,518
  • Mar 26, 2013 6:24am Mar 26, 2013 6:24am
Quoting Rippin
Did anyone take the AUDNZD? Closed above the 60ema so I took a long. moving slow.

Attachment

forget about the use of 60EMA when you trade TMS.

- TDI cross or 12-2 or 4-6
- HA change colour, entry on 1st and 2nd candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,519
  • Mar 26, 2013 6:28am Mar 26, 2013 6:28am
Quoting ryanlum
i am new to forex so i am trying both strategies

anyway.. lets say my candle 2 hours later after the proposed time of what eelfranz say we should start.. how do we tackle it?

Thanks
what is your chart Market Watch time say now? and what is your local time?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,520
  • Mar 26, 2013 6:30am Mar 26, 2013 6:30am
AUDNZD 26 Mar

looks like bullish now.
But I wait till today D close to see how it close.
if close above 1.2535 ... then it is good
tomorrow then look at chart again and look for an entry.

Patience .......if you want to get in the swing of thing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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