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Trading Made Simple

  • #16,541
  • Mar 26, 2013 4:46pm Mar 26, 2013 4:46pm
adamhjdavis - this is not the trading made simple system, you need to have synergy APB bars on your chart


Quoting adamjhdavis
http://charts.mql5.com/1/216/usdcads...ad-trading.png

This is my current chart, strictly speaking not candle 1 or 2 however most time frames going in the same direction so a good trade as it turns out.
Previous candle are small so not a strong sign. stoch agrees but tdi in the 32 so not ideal.
just goes to show how good this system can be!!!
  • #16,542
  • Mar 26, 2013 5:12pm Mar 26, 2013 5:12pm
Quoting blamshakk
adamhjdavis - this is not the trading made simple system, you need to have synergy APB bars on your chart
I have had trouble loading that indicator on my chart so had to live without it. do you have a link for a reliable version?
  • #16,543
  • Mar 26, 2013 5:26pm Mar 26, 2013 5:26pm
Quoting Winner1245
Hi,
Yes, its great . These BO's are infact Gold.
No i didnt take it. i m just watching for now. Another interesting thing is that both GBPCAD and GBPAUD also had the same DIB and same BO.
I have a question regarding Retest to tokyo high/low.

I have uploaded the GAUD chart, is it considered as the valid retest to tokyo low??
If yes then , Is it first arrow or second arrow or both??
The red line is the TOK low.
Similarly in the GNZD which one is the Valid retest??
Thank you.
Ih Winner,

If you look carefully at all 3 GBP pairs - GBPAUD, GBPCAD and GBPNZD, all 3 show a hgh volatile Euro session yesterday. The following US and Tokyo sessions were consolidation.Hence the big move can be anticipated and H4 and H1 PASR show downward flow.
The re-test of TOK_5H low is not a mandatory criteria when we look at PASR. There are other PA and S&R like prev D FIb and Prev D OHLC for this trade setups.

Also we must observe how each market session traded. Regardless what the broker server times are, the market sessions hours are the same. So why do traders bother so much about different broker and different server time.

Caution: ALL 3 pairs moved ahead of Wed 27 Mar GDP data. Just imagine there are more sellers the last 2 Euro sessions, where are their stops later before LO?

Trade Well today for EURxxx and GBPxxx pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,544
  • Mar 26, 2013 5:45pm Mar 26, 2013 5:45pm
Quoting hollowhead
http://charts.mql5.com/1/214/eurusd-...al-markets.png


Is that a popgun at the end of EU - or have I got it wrong?

Thanks
that you shade highlighted is not a 'Pop Gun'

there is one after that.

Look carefully again.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,545
  • Mar 26, 2013 5:49pm Mar 26, 2013 5:49pm
Pop Gun Candlstick Pattern:

must have an IB and follow with an OB which must be larger range than its previous 2 bars.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,546
  • Mar 26, 2013 5:58pm Mar 26, 2013 5:58pm
Quoting emmanuel7788
that you shade highlighted is not a 'Pop Gun'

there is one after that.

Look carefully again.
Thanks - I didn't mean the shaded area - that's my shading of Tok 5h - I did mean the one at the end (not the final bar - the three before that.)
  • #16,547
  • Mar 26, 2013 6:03pm Mar 26, 2013 6:03pm
Quoting 99problems
Hi Adam,
Thanks for your reply!

I should have pointed out the candle I was talking about. The blue triangle shows my entry candle. Did we talk about the same? Let me know your thoughts please.

Peace and love
Steph

Attachment
http://www.forexfactory.com/attachme...1&d=1364328813

The H4 candle you pointed is good pullback entry.
If you choose that candle as your trigger,
- what will be your entry price and initial SL?
- how will you get a small initial SL so that you can work in a biger posiion size?
- what will you need to see to get a trade confirmation or invalidation?

When you have some time, read those posts I made on UCad this week. Follow each post and the development of price.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,548
  • Mar 26, 2013 6:11pm Mar 26, 2013 6:11pm
Quoting hollowhead
Thanks - I didn't mean the shaded area - that's my shading of Tok 5h - I did mean the one at the end (not the final bar - the three before that.)
sorry. I mistook the shaded area ...

the last 4 bars show a Pop Gun before the last bar. Good!

and infact, that is much bigger H4 candle and follow with a H4 IB ..
this is a good situation to look for the next breakout today.

My Plan for today:

Plan A - sell
Plan B - sell higher

Plan C - "let profit run".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,549
  • Mar 26, 2013 6:20pm Mar 26, 2013 6:20pm
Quoting adamjhdavis
I have had trouble loading that indicator on my chart so had to live without it. do you have a link for a reliable version?
you can use the one I posted recently. .. name "Heiken Ashi_DM"
its is from the Synergy 2.0 by Dean Malone...hence the 'DM'.

It work exactly the same like the Synergy APB indicator.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,550
  • Mar 26, 2013 6:24pm Mar 26, 2013 6:24pm
I'm looking at GA, EA, and UC as possibilities within the next couple of candles. They are CT trades but they could be good pippage. Anyone agree with me?
  • #16,551
  • Mar 26, 2013 6:24pm Mar 26, 2013 6:24pm
Quoting emmanuel7788
sorry. I mistook the shaded area ...

the last 4 bars show a Pop Gun before the last bar. Good!

and infact, that is much bigger H4 candle and follow with a H4 IB ..
this is a good situation to look for the next breakout today.

My Plan for today:

Plan A - sell
Plan B - sell higher

Plan C - "let profit run".
Thanks for the reply glad I was on the right track
  • #16,552
  • Mar 26, 2013 6:27pm Mar 26, 2013 6:27pm
Quoting emmanuel7788
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.
Here is my update on this one.
D did not close above 1.2535. So the story slowly unfolds.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD week 13 27 Mar update 27-3-2013 7-22-02 AM.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,553
  • Mar 26, 2013 6:34pm Mar 26, 2013 6:34pm
Quoting emmanuel7788
Hi,

Just to follow up on this UCad as it made a huge move yesterady.
There was a nice H4 trigger but it showed up a bit way too high ... so I am suspicious.

it is still trading within the breakout range, so we still wait or we can catch small bites of the move until that breakout happen.
http://www.forexfactory.com/attachme...1&d=1364254422

Now you see how this unfolded the last few trading sessions...

it close below that huge D box and re-tested 1.0178 Prev W Fib127%.

Next destination 1.0150...but it is not going to so easy one way down...chopping up and down as usual. So placing your stops willbe a challenge.

Trade Well also include manage your exits well too.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,554
  • Mar 26, 2013 6:38pm Mar 26, 2013 6:38pm
Quoting Rippin
I'm looking at GA, EA, and UC as possibilities within the next couple of candles. They are CT trades but they could be good pippage. Anyone agree with me?
well I prefer GA and EA for its wider weekly traded range...not UCad.

CT not today...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,555
  • Mar 26, 2013 6:45pm Mar 26, 2013 6:45pm
Quoting emmanuel7788
http://www.forexfactory.com/attachme...1&d=1364328813

The H4 candle you pointed is good pullback entry.
If you choose that candle as your trigger,
- what will be your entry price and initial SL?
- how will you get a small initial SL so that you can work in a biger posiion size?
- what will you need to see to get a trade confirmation or invalidation?

When you have some time, read those posts I made on...
Hey buddy,

My entry price would have been 1.0210
SL placed just above the Open (also 60ema on my chart), which is also last week's Fib 50% - ca 30 pips.
TP would be tricky on this one due to the 4h candle some hours earlier that rejected with a big wick at last week's low. I would at least set it to BE once we go half way into the wick and then just let it run to maximum 1.01 is that area shows some previous daily SR.

Will read through your comments on UCAD now.

Thanks,

Peace and love
Steph
  • #16,556
  • Mar 26, 2013 7:33pm Mar 26, 2013 7:33pm
Quoting hollowhead
Thanks for the reply glad I was on the right track
we are both on the same right track, but it can turn out the right track is the wrong track and the left track is actually the correct track....????

we are both right until the market proves us wrong.

Enjoy the day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,557
  • Mar 26, 2013 7:48pm Mar 26, 2013 7:48pm
Quoting 99problems
Hey buddy,

My entry price would have been 1.0210
SL placed just above the Open (also 60ema on my chart), which is also last week's Fib 50% - ca 30 pips.
TP would be tricky on this one due to the 4h candle some hours earlier that rejected with a big wick at last week's low. I would at least set it to BE once we go half way into the wick and then just let it run to maximum 1.01 is that area shows some previous daily SR.

Will read through your comments on UCAD now.

Thanks,

Peace and love
Steph
http://www.forexfactory.com/attachme...1&d=1364328813

your chart show a server time GMT+3.. right?

if you have a downflow bias established and you picked that H4 as your trigger, you can consider that H4 Fib38/50 as entry level.
But you should also see that there is a short term support form by the previous two larger H4 candle. In such situation that support will need strong downward momentum push to break. So using H4 Fib38/50 entry will get you a better entry price plus a smaller initial SL. You can only do this using lower TF H1/M15 to fine tune your entry and timing.

Remember, it is always good to wait for market to give you a better price for entry or if your jump in at that H4 and you need to build up your positions to get an overall better average entry price. This the art of trading. We are not in a fish market where people bargain for better prices every day amongst other things.

Read these few pages pdf on how to build up positions.

Trade Well.

Edit: add chart showing short term support
Attached Image (click to enlarge)
Click to Enlarge Name: 99problem UCad.png Size: 236 KB
Attached File(s)
File Type: pdf P163 to P167.pdf   3.1 MB | 975 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,558
  • Mar 27, 2013 12:17am Mar 27, 2013 12:17am
Quoting hollowhead
Look at the two numbers - if the TDI number is greater than the PL number it has crossed up. If it is the same - then it's touching, if it's lower then it hasn't crossed.

Hi Hollowhead,

You mean if TSL number is greater than RSIPL then its crossover if equal its touching and and if lower then not touching , I am a bit confused as you have mentioned TDI, is TSL and TDI the same thing.
  • #16,559
  • Mar 27, 2013 2:03am Mar 27, 2013 2:03am
Quoting pundit78
Hi Hollowhead,

You mean if TSL number is greater than RSIPL then its crossover if equal its touching and and if lower then not touching , I am a bit confused as you have mentioned TDI, is TSL and TDI the same thing.
Hi Pundit

My Bad - i meant to type 'if when looking at the TDI indicator numbers the RSI number is greater than the TSL, then is has crossed up over, if it is the same it is touching...'
  • #16,560
  • Mar 27, 2013 2:07am Mar 27, 2013 2:07am
Quoting hollowhead
Hi Pundit

My Bad - i meant to type 'if when looking at the TDI indicator numbers the RSI number is greater than the TSL, then is has crossed up over, if it is the same it is touching...'

Thanks Hollowhead.............I got it.
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