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Trading Made Simple

  • #16,601
  • Mar 27, 2013 6:04pm Mar 27, 2013 6:04pm
Quoting littlebunny
5 Method: On the Craig Harris Stochastics thread, start on page 195, post 2912. Here's the compilation, if I can get the attach function to work correctly. Attachment



language is a very difficult thing...

5-Method is not 5 methods....
21-233 Method is only one method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,602
  • Mar 27, 2013 6:10pm Mar 27, 2013 6:10pm
By the way, not trying to hijack this thread. That was one of the few questions I had an answer to. Finally, a chance to be helpful.
My favorite crochet hook is size J. It's a J-Hook!
  • #16,603
  • Mar 27, 2013 6:56pm Mar 27, 2013 6:56pm
Quoting emmanuel7788
Here is another good use of the TDI cross and PA to draw a price channel
In this case is H4 channel.

Today and tomorrow, we need to see if PA will break out of this rising channel and continue downwards. It may re-test the lower channel later.
And if it does return back into the rising channel, let PA show if the uptrend resumes.
http://www.forexfactory.com/attachme...1&d=1364384028

Here is an update on the PA with the H4 price channel:
Attached Image (click to enlarge)
Click to Enlarge Name: GU 28 Mar H4 view 28-3-2013 7-51-43 AM.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,604
  • Mar 27, 2013 8:55pm Mar 27, 2013 8:55pm
Market session hours and your local time.

I read people here are still struggling to know what is Big E pacific time, etc.

All you need to know is your own local time. where you are trading from, and the London/UK local time.

You trade the London market session, you just need to know when it opens in reference to your own local time and the time it closes in 9 hours.

The same for the US or New York open.

When London close, there is always some movements in the market and after London close, it can be very quiet unless there is news and events in the US side.

Be mindful when daylight savings kicks in. That confuses some people.

Until you have all these figured out, do not trade live with your hard earned money.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,605
  • Mar 27, 2013 8:58pm Mar 27, 2013 8:58pm
Quoting mierzyk
Two trades today. First one taken at 6:00 GMT. NZD/USD H4

Attachment

+61.8 Fib in play from daily move
+5p. shy of round number
+divergence!
+nice cross just below 68
-CT!

Took all profits 1:1 risk-reward.

Also taken AUD/JPY H4 at 10:00 GMT. That was also a great one, no screenshot though. Left one at work.


Geeez, the longer I apply this system, the better results I get.

Talk to you tommorow!
M.
Nice! good trades and I LIKE clean charts...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,606
  • Mar 27, 2013 9:15pm Mar 27, 2013 9:15pm
[quote=hollowhead;6553186]
Quoting jvbs

If I remember right - Big E closed trades at the London Close - which is 16:30 GMT
When I trade intraday, I also close my trades when London close.
Study the market behaviour in your back-testing and you will learn why.

When swing trading, I do roll over the next day(s) when in the trend of the moment.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,607
  • Mar 28, 2013 12:05am Mar 28, 2013 12:05am
Quoting emmanuel7788
Market session hours and your local time.

I read people here are still struggling to know what is Big E pacific time, etc.

All you need to know is your own local time. where you are trading from, and the London/UK local time.

You trade the London market session, you just need to know when it opens in reference to your own local time and the time it closes in 9 hours.

The same for the US or New York open.

When London close, there is always some movements in the market and after London close, it can be very quiet unless there is news and...

Now is GMT0500:

what is your location local time?

using FF session, London will open in 3 hours time.

Tokyo just close it first 5H, I call that TOK_5H.
there will be some market activity between now and Frankfurt open in 2 hours. Why?
Sydney will close in hour.
Liquidity flows from market to market.....
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,608
  • Mar 28, 2013 12:15am Mar 28, 2013 12:15am
AUDNZD 28 Mar:

Did anyone shorted at Prev D Fib50% 1.2483?

TP will be 1.2450 ... sure!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,609
  • Mar 28, 2013 1:52am Mar 28, 2013 1:52am
Is any one else thinking long on the GBPUSD?

http://charts.mql5.com/1/225/gbpusds...ad-trading.png
  • #16,610
  • Mar 28, 2013 1:57am Mar 28, 2013 1:57am
Or is it going to follow the previous few days tend!!!
  • #16,611
  • Mar 28, 2013 2:00am Mar 28, 2013 2:00am
Quoting adamjhdavis
Is any one else thinking long on the GBPUSD?

http://charts.mql5.com/1/225/gbpusds...ad-trading.png
Is it not to late?? Isnow on 61.8% Pr D. and RN
I'll rather wait for bounce back...?
JacekPreserve Precious Capital
  • #16,612
  • Mar 28, 2013 2:11am Mar 28, 2013 2:11am
I'am thinking???

Long, on the aud/usd (long term trend is up...)
Short, on the eur/usd (long term trend is down...)
Not sure on the gbp/usd ???

I hate to trade against the long term trend... But, that is just me...

snarlyjack
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pictures14gif.gif Size: 19 KB
Click to Enlarge Name: pictures15gif.gif Size: 22 KB
  • #16,613
  • Mar 28, 2013 2:14am Mar 28, 2013 2:14am
I have taken this trade at 6:00 AM GMT:

USD/CHF H4

+ cross above 68
+ rejection of prev weekly Fib 161
+ zoom out- its the top of the range, wide triple top


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 131 KB
Remember I'm a newbie!
  • #16,614
  • Mar 28, 2013 2:29am Mar 28, 2013 2:29am
Quoting JayTrader
What you are looking for might be here. It has been a while since I read the TMS thread but all of it evolved from here

http://www.forexfactory.com/showthread.php?t=211188
Quoting littlebunny
5 Method: On the Craig Harris Stochastics thread, start on page 195, post 2912. Here's the compilation, if I can get the attach function to work correctly. Attachment

Thanks Jay & littlebunny. I'll spend this Easter reading these.

(It'd be like a robot if using a system and have no idea why it works wouldnt it xman&tms system got me 14%+ this month compared to 5-6% when I used ichimoku)
back... and more dangerous.
  • #16,615
  • Mar 28, 2013 2:38am Mar 28, 2013 2:38am
Quoting mierzyk
I have taken this trade at 6:00 AM GMT:

USD/CHF H4

+ cross above 68
+ rejection of prev weekly Fib 161
+ zoom out- its the top of the range, wide triple top


Attachment
you may have caught this week' exhaustion.
too early for a turnaround swing trade.
manage ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,616
  • Mar 28, 2013 2:43am Mar 28, 2013 2:43am
Quoting kbp
Thanks Jay & littlebunny. I'll spend this Easter reading these.

(It'd be like a robot if using a system and have no idea why it works wouldnt it xman&tms system got me 14%+ this month compared to 5-6% when I used ichimoku)
14% per month is good results. Congrats!

how long have you been trading TMS and S3?
how many trade have you competed so far?
on an average, how many trades you do per week?

It would help others here in this thread when you post some of your trades entries and exits so we can learn how you trade.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,617
  • Mar 28, 2013 2:45am Mar 28, 2013 2:45am
Quoting snarlyjack
I'am thinking???

Long, on the aud/usd (long term trend is up...)
Short, on the eur/usd (long term trend is down...)
Not sure on the gbp/usd ???

I hate to trade against the long term trend... But, that is just me...

snarlyjack
overall, market is still pro-USD.
so it is hard to see the long term trend this week ahead of the Easter holidays.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,618
  • Mar 28, 2013 3:02am Mar 28, 2013 3:02am
GU is it the beggining of a 1-2-3 reversal???
Looks like EU is going for brief retest to 1.2844 (respected twice recently) .
May be i will try intraday short (1HR) today instead of 4HR swing.
Only time will tell whether im right or wrong.
But then again EU goes down and GU also goes down
  • #16,619
  • Mar 28, 2013 3:48am Mar 28, 2013 3:48am
Let me ask please , another maybe stupid question,
What if I see divergency on M15 (based on PA and TDI), and there is no even a shadow of divergency on higher time frame is it valid or not sign of possible move direction change or better forget about it?
Jacek
JacekPreserve Precious Capital
  • #16,620
  • Mar 28, 2013 3:57am Mar 28, 2013 3:57am
Quoting Jackub
Let me ask please , another maybe stupid question,
What if I see divergency on M15 (based on PA and TDI), and there is no even a shadow of divergency on higher time frame is it valid or not sign of possible move direction change or better forget about it?
Jacek

divergence is caused by extreme price movement and the poor lagging TDI cannot catch up.

was there extreme price movement which could have casued the divergence on M15?

divergence in any TF can be eroded easily...
but if you see divergence using both TDI and Stoch with PA that is double filter...

GU M15 looks like a good M15 scalp entry as I type...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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