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Trading Made Simple for Day Charts

  • #1,381
  • Mar 25, 2013 1:27am Mar 25, 2013 1:27am
Hello David,

I just read your last post which said you had updated Post#1 which I was optimistic that you may have posted your latest template
(as you progress charts do get modified?) I have read parts of your thread and really believe day charts are far more reliable, and your posts are most helpful. If I misunderstood your post today, can you please guide me to the most up to date chart you are using. I still haven't found which MA you are using. I look forward to following your thread for which I am most appreciative. Brian
  • #1,382
  • Mar 25, 2013 6:44am Mar 25, 2013 6:44am
Quoting Noosaville
Hello David,

I just read your last post which said you had updated Post#1 which I was optimistic that you may have posted your latest template
(as you progress charts do get modified?) I have read parts of your thread and really believe day charts are far more reliable, and your posts are most helpful. If I misunderstood your post today, can you please guide me to the most up to date chart you are using. I still haven't found which MA you are using. I look forward to following your thread for which I am most appreciative. Brian
Brian

EMAs are 10/21/50/100/200 - still playing around with the 10, so not sure if it is a keeper yet.

Screenshot and .tpl in post 1 are current and should look like the attached
Attached Image (click to enlarge)
Click to Enlarge Name: eu day 3-25-2013.gif Size: 30 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,383
  • Mar 25, 2013 5:00pm Mar 25, 2013 5:00pm
I closed the following three trades today

Gbp/Usd...+97.7

Gbp/Nzd...+52.2

Cad/Jpy...+35.3

Im still in the Eur/Jpy and its +140 currently
  • #1,384
  • Mar 25, 2013 5:22pm Mar 25, 2013 5:22pm
Quoting kingclarence
I closed the following three trades today

Gbp/Usd...+97.7

Gbp/Nzd...+52.2

Cad/Jpy...+35.3

Im still in the Eur/Jpy and its +140 currently
Not a bad week so far then?

Are you going to post some charts so you can gloat?
"To live with Passion, it takes Courage and Grace to survive"
  • #1,385
  • Mar 25, 2013 5:38pm Mar 25, 2013 5:38pm
Quoting Britpip7
Not a bad week so far then?

Are you going to post some charts so you can gloat?
lol.Here are my exits

Attached Image (click to enlarge)
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  • #1,386
  • Mar 25, 2013 5:39pm Mar 25, 2013 5:39pm
I also entered this trade


Attached Image (click to enlarge)
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  • #1,387
  • Mar 25, 2013 7:58pm Mar 25, 2013 7:58pm
G/U potential set up
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  • #1,388
  • Mar 25, 2013 11:18pm Mar 25, 2013 11:18pm
Quoting biDc
G/U potential set up
I have a pending sell stop, so let's see where this takes us

Lots of resistance above the current PA from previous weeks
Attached Image (click to enlarge)
Click to Enlarge Name: gu week 3-25-2013.gif Size: 38 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,389
  • Mar 26, 2013 4:33pm Mar 26, 2013 4:33pm
So today i exited my Eur/Jpy trade for 94.3 pips.

Here is the chart

Attached Image (click to enlarge)
Click to Enlarge Name: Forex 14.png Size: 48 KB


I also entered these two trades

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  • #1,390
  • Mar 26, 2013 9:44pm Mar 26, 2013 9:44pm
Quoting kingclarence
So today i exited my Eur/Jpy trade for 94.3 pips.

Here is the chart

Attachment

I also entered these two trades

Attachment

Attachment
I see you are getting back into it very nicely. Currently I have GU from last night and AUD/CAD. I did pick GBP/CAD but apparently forgot to place the entry!
"To live with Passion, it takes Courage and Grace to survive"
  • #1,391
  • Mar 26, 2013 11:00pm Mar 26, 2013 11:00pm
How to show you entries and exits on completed trades.

Click on your Account History Tab

Click on the trade you want to show and drag it onto your chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: day chart.gif Size: 30 KB
Click to Enlarge Name: trade entry and exit.gif Size: 64 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,392
  • Mar 27, 2013 2:54pm Mar 27, 2013 2:54pm
Right, after a few shockers, here's my current trades. Entered gbpusd this morning, audcad was a pending trigger activated yesterday
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 251 KB
Click to Enlarge Name: audcaddaily.png Size: 261 KB
  • #1,393
  • Mar 27, 2013 4:20pm Mar 27, 2013 4:20pm
Today i exited my Usd/Cad trade for a loss of 3 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Forex 17.png Size: 52 KB


I also entered the Aud/Usd and the Aud/Cad.Here are the charts.

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  • #1,394
  • Mar 27, 2013 10:43pm Mar 27, 2013 10:43pm
My GU trade ended as BE

I did set up a Trailing Stop this morning - purely based on a worst case scenario of BE, so missed out on a 20 pip profit by not setting the TS earlier.

ATR 7 was 90 pips, so nowhere near hitting the Take Profit target.
Attached Image (click to enlarge)
Click to Enlarge Name: gu trade be.gif Size: 27 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,395
  • Mar 27, 2013 11:02pm Mar 27, 2013 11:02pm
Current Trade AUD/CAD

Entered off of the H4 Fractal Low break, which also coincided with the Day TDI cross.

TS set up this morning again as a worst case BE and has now moved to 40pips protected. Add-On trade set up as a pending sell stop off of the current H4 Fractal Low which has a SL set above the current candle high, so worst case if the Add-On triggers and reverses will be the entire trade closes out BE.

Current Fib 61.8 has some natural resistance and is around 150pips, so looking for take profit around this level if PA stalls out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud chf day 3-27-2013.gif Size: 35 KB
Click to Enlarge Name: aud chf current trade.gif Size: 33 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,396
  • Mar 27, 2013 11:06pm Mar 27, 2013 11:06pm
Quoting kingclarence
Today i exited my Usd/Cad trade for a loss of 3 pips

Attachment

I also entered the Aud/Usd and the Aud/Cad.Here are the charts.

Attachment

Attachment
Looking good - I am also on AU as a pending trade off of the current candle low
"To live with Passion, it takes Courage and Grace to survive"
  • #1,397
  • Mar 27, 2013 11:12pm Mar 27, 2013 11:12pm
EUR JPY starting to look interesting on H4
Attached Image (click to enlarge)
Click to Enlarge Name: aur jpy h4 3-27-2013.gif Size: 29 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,398
  • Mar 27, 2013 11:23pm Mar 27, 2013 11:23pm
And for those of us suffering senior moments, here is the GBP/CAD trade that I forgot to place - woulda, coulda, shoulda! Not really, I just plain forgot to set the trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp cad h4 3-27-2013.gif Size: 29 KB
Click to Enlarge Name: gbp cad day 3-27-2013.gif Size: 34 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #1,399
  • Mar 28, 2013 2:47am Mar 28, 2013 2:47am
Quoting Buttonjock
Right, after a few shockers, here's my current trades. Entered gbpusd this morning, audcad was a pending trigger activated yesterday
Could someone clear something up for me. I see some here entering while Trend is obviously in "oversold" territory and moving up yet you sell on cross?
@pawpaw1000 on Twitter
  • #1,400
  • Mar 28, 2013 3:17pm Mar 28, 2013 3:17pm
Quoting pawpaw1000
Could someone clear something up for me. I see some here entering while Trend is obviously in "oversold" territory and moving up yet you sell on cross?
Hi, if you are referring to the gbpusd trade here is my reasoning

PA was +75%, being 89 of 95

APB had change of colour, whilst the bar size wasn't brilliant it wasn't altogether unreasonable imo

21 ma had been crossed

TDI had crossed and whilst the level was only about 50 it had been as high as 65 and was pointing down. It wsalso higher than the previous run starting mid February

slope was 4.3. just under the required 4.4

RSI was under 49 and going down

The recent top has a supply/demand zone and is also a lower high and the top of a channel starting from the beginning of the year

A support line from 12 March and 20 March has been broken,

Overall, not perfect however I felt weight of evidence warranted it. We shall see if I was correct.

Currently it has pulled back, however that is not altogether unexpected considering the support break, In hindsight, perhaps I should have put a pending order under the low of the day.

All comments welcome

Cheers
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