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Trading Made Simple

  • #16,841
  • Apr 2, 2013 6:24pm Apr 2, 2013 6:24pm
Quoting biDc
watching this pair.. {image}
http://www.forexfactory.com/attachme...1&d=1364939258

NZDUSD:

Keep very close watch because technically it POP yesterday rather strong after many 4-hour periods of narrow range consolidation.
It has not reach it potential week range yet, still some more room to go.


---
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,842
  • Apr 2, 2013 6:38pm Apr 2, 2013 6:38pm
Quoting pawpaw1000
Same here, Just closed mine out! Keeping GBPUSD and AUDNZD till tomorrow to see what happens
Nice to see you on the right side of ANZD
Breakeven still holding EU!!.
  • #16,843
  • Apr 2, 2013 6:40pm Apr 2, 2013 6:40pm
Quoting pawpaw1000
Bugger that, took my 80 pips and ran on GBPUSD, got support at 5080 and 5100 and want to see what happens there 1st. Also closed AUDNZD and will look to re-enter both tomorrow. Will increase my lot sizes from now on to risk 2% - 3% as my rules are to never go live with a system until I've doubled 3 accounts. Let's see :-)
. a 100 and closed on GU . i still need to learn to hold more.
  • #16,844
  • Apr 2, 2013 6:53pm Apr 2, 2013 6:53pm
Today im closely watching the EJPY and EGBP.
EGBP because of the slightly downtrend and the amount of confluence the level 0.8486 has.!!!
Not to forget my usual x-man method.


ANd here it is . Today im looking for nothing less than 150 - 200pips on EJPY 4HR.
because of Double inside bar at key level .still 70min to go on my chart for candle close. whenevr BB on TDI squeezes we have a BO
Waiting for LO.


ANd here is how the DIB /almos Triplr IB worked out on GBPJPY DAILY.
Note that i posted the GJPY from different timezone chart. I need to look at daily TF every day. No points for finding it after the trade is over.
Im looking at both timezones. I dont want to miss the BO because of some data difference.A consolidation is a consolidation in one form or another
ANy advice is appreciated.
Thanks.
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  • #16,845
  • Apr 2, 2013 7:04pm Apr 2, 2013 7:04pm
Quoting croopskee
Hello to everyone (sorry for my Polish English ) I have a question - how do you choose to enter on not to enter counter-trend trade - I had mixed feelings about long A/J today 12.00 GMT - I went wrong finally: Best Regards, Marcin {image}
One way to decide is to see if there is potential for a reversal when we look at countrend setups on H4.

- there has to be some kind of S&R where the H4 CT steup occur, otherwise it is just profit taking exits which cause price to pullback,
- if there is S&R , then switch to higher TF like D and see what the TDI and also the Stoch tells you. If Stoch is below the 20 level, it is a good sign. If D stoch is somewhere in the middle between 20 and 80, No Go.
- check also the D APB candles, are the recent candles getting smaller or longer wicks showing. If there is a small APB withing a bigger APB candle (like an inside bar) , it would be nice. Or else it is No Go.
- there must be room for a realistic R:R. At minmum, there must be 1:1 potential or else go look for another pair. I only take setups with potential R:R 1: 1.5 because I use a 2 lot entry strategy. The first lot must give me 1:1. Or esle it is No Go.

Here we are talking about H4 trading, but if you are trading lower TF like H1, then a H4 CT may be good to consider and later manage to see if that H4 setup turn out to be e reversal.

The AJ GMT1200 candle entry is too far away. You need to wait for a Fib38/50 pulback for a better entry price. Do Not chase after long candle.

Hope these help.

Edit: add chart example
Attached Image (click to enlarge)
Click to Enlarge Name: AJ H4 entryt example3-4-2013 8-05-36 AM.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,846
  • Apr 2, 2013 7:18pm Apr 2, 2013 7:18pm
HI emmanuel .
I have a question.
/have you ever tried the break of mother bar high/low while trading DIB's??
If yes then how did that work out for you. ??
Thanx
  • #16,847
  • Apr 2, 2013 7:23pm Apr 2, 2013 7:23pm
Quoting emmanuel7788
Having a Big Picture plan and view is very important.... here is ERUGBP ... {image}
http://www.forexfactory.com/attachme...1&d=1364857122

Remember this post yesterday?

W say down,
D retraced yesterday
H4 show CT and now consolidates.

If you are a long term trader using W chart, you will see that the retracement is a good point to enter sell...but there is a risk. What is that risk?

Must look closely at all 3 TFs -- W > D > H4
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,848
  • Apr 2, 2013 7:28pm Apr 2, 2013 7:28pm
Quoting emmanuel7788
{image} ("http://www.forexfactory.com/attachment.php?attachmentid=1163577&d=1364857122") Remember this post yesterday? W say down, D retraced yesterday H4 show CT and now consolidates. If you are a long term trader using W chart, you will see that the retracement is a good point to enter sell...but there is a risk. What is that risk? Must look closely at all 3 TFs -- W > D > H4
You just blowed my mind away . Thank you. Weekly daily and 4H .
From next time whenevr i place a trade i will check the weekly tmeframe and daily too.
AS i see now, If i enter now then i have the lowest possible R . 19pips.
Later i can try to trade it on 4Hr!!
Thank you emmanuel
  • #16,849
  • Apr 2, 2013 7:37pm Apr 2, 2013 7:37pm
Quoting adamjhdavis
Can I get feed back on when to exit on the 4H.... Big E said he would not knowingly let a trade come back 15 pips, does this mean he got out and looked for a valid re entry? I know through his sleep time he didn't care and set a 100 pip stop. What I'm asking is it better to exit and have pips in the bag and safe and then look for a valid re ntry when the pa moves again via the 15M?
Hi adam,

I think when I study Big E's trade entries and exits, I learn that he has an extraordinary skill in reading of the APB PA.

His entry are mostly 1st and 2nd APB candle changed colour and he use logical SL at the recent swing high/low no matter how big the pips are 80 to 100pips.
He just watch the APB candles closely. He knows when he see that the APB candles are not showing strength to move in his trade direction. He will cut his trades with either small profits (most of the time) and sometimes he cut loss - 5 to 10 pips. His overall win-rate is 70 to 80%.

Study the APB candles closely in relation to the real price. When the APb candle body is getting smaller adn not showing HH HL or LH LL, it is time to to either tighten your stops to protect, or to look for quick exit and later for re-entry.

Look at GU H4 now as Tokyo open and see what I meant by the APB candle body and real price relationship.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,850
  • Apr 2, 2013 7:51pm Apr 2, 2013 7:51pm
Quoting Winner1245
You just blowed my mind away . Thank you. Weekly daily and 4H . From next time whenevr i place a trade i will check the weekly tmeframe and daily too. AS i see now, If i enter now then i have the lowest possible R . 19pips. Later i can try to trade it on 4Hr!! Thank you emmanuel
Trading Made Simple can be made Easy..
We are trend traders,
we trade the momentum of the market move,
we trade based on retracement entry of the Primary Trend,
we simplify trading PA in using the APB,
we simplify entry and exits using TDI,
we have other tools and aids on our charts like the 5EMA, Stoch to help us, use them like your learning wheels until you can balance on your own,
we make our life less stressful following the above process,

simple process to follow ... but requires lots of chart reading and practice, doing this for long time will also develop your Patience as a traders and also in life.

we all are born with hidden talents, we must work hard with our known talent to discover those hidden talents in us.

Trading itself is a learning journey.

I leave you all with this Thought for Today:
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,851
  • Apr 2, 2013 8:04pm Apr 2, 2013 8:04pm
Hi ALL,

This week I start working on a new project which will take 3 months to complete. I will have less time to be online and posting in Forex Factory but I will do my best and find some time to read this thread whenever I can and will aslo help answer some of your questions posted. I really enjoy doing this for some of you and you have been great company here in FF. The project itelf is important to a group of traders and I must devote all my time to them.

This is not goodbye, just that there are immediate priorities and retrictions I have to deal with for now. I hope you will understand and that you will continue to post your trades, ask any thing you want and there will alwasy be some members who will help you.

Till then, it is 'Auf Wiedersehen' which I prefer the meaning ... see you again.

Take care and Trade Well.

Be Blessed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,852
  • Apr 2, 2013 8:20pm Apr 2, 2013 8:20pm
see you later emmanuel. thanks for the help
  • #16,853
  • Apr 2, 2013 8:30pm Apr 2, 2013 8:30pm
Quoting emmanuel7788
Hi ALL, This week I start working on a new project which will take 3 months to complete. I will have less time to be online and posting in Forex Factory but I will do my best and find some time to read this thread whenever I can and will aslo help answer some of your questions posted. I really enjoy doing this for some of you and you have been great company here in FF. The project itelf is important to a group of traders and I must devote all my time to them. This is not goodbye, just that there are immediate priorities and retrictions I have to...

Thank you again for all your help and best of luck in your project.

Keep in touch.

Burt
  • #16,854
  • Apr 3, 2013 1:02am Apr 3, 2013 1:02am
[quote=emmanuel7788;6567154]Hi ALL, This week I start working on a new project which will take 3 months to complete.

Patience is a virtue, will wait,
good luck
JacekPreserve Precious Capital
  • #16,855
  • Apr 3, 2013 1:14am Apr 3, 2013 1:14am
Can some one please explain this situation on NZD/USD...
Attached Image (click to enlarge)
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JacekPreserve Precious Capital
  • #16,856
  • Apr 3, 2013 1:30am Apr 3, 2013 1:30am
Jack in TMS - we only look at H4 TDI cross
There are other TDI TMS system on daily TF - do google search

You are not using HA or syn candles
  • #16,857
  • Apr 3, 2013 1:42am Apr 3, 2013 1:42am
It is advised to stay away when stoch and TDI give conflicting signals.
  • #16,858
  • Apr 3, 2013 1:47am Apr 3, 2013 1:47am
Quoting biDc
It is advised to stay away when stoch and TDI give conflicting signals.
Yes, thanks--
JacekPreserve Precious Capital
  • #16,859
  • Apr 3, 2013 1:51am Apr 3, 2013 1:51am
As promised, some analysis...

AUDUSD looks like we could get a possible Double top here, PA just dying to drop and that would give us a really nice setup on Daily as well! AUDCHF obviously goes the same without saying...

EURUSD has nothing yet but am looking for it to form higher low here and retrace some of this downtrend we've been in for Weeks now...

GBPUSD I exited my trade yesterday after 80 pip run as I wanted to see how she reacts to 1.5100 and 1.5080, seems she might break forming double top and so will look to re-enter perhaps. TDI is in oversold territory though and we could well see a bounce as GBP has been sold off strongly the last month or so.

AUDNZD I'm glad I exited this one seeing as PA bounced back perhaps because of news. Could get another cross of TDI for another spurt down? Daily is bearish but we are at the 50% fib of last up move...

All Yen crosses I will wait for them to bottom out as I won't take a position in Yen against any other currency at the moment!

EURGBP on Daily looks like the perfect setup?

USDCAD is at the 50% retrace on Daily and H4 is turning, would need a nice bar to get TDI to point up again.

And looking at my other analysis, the obvious trade would be EURAUD and if we bounce here, we could have double bottom and a really nice run up!


Hope this helps someone here and could help us all to get some good entries! LO in 9min and I'll be trading intra-day on Fibre and Cable on another method but will update here in about 8hours ;-)
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@pawpaw1000 on Twitter
  • #16,860
  • Apr 3, 2013 1:58am Apr 3, 2013 1:58am
Quoting pawpaw1000
As promised, some analysis... AUDUSD looks like we could get a possible Double top here, PA just dying to drop and that would give us a really nice setup on Daily as well! AUDCHF obviously goes the same without saying... EURUSD has nothing yet but am looking for it to form higher low here and retrace some of this downtrend we've been in for Weeks now... GBPUSD I exited my trade yesterday after 80 pip run as I wanted to see how she reacts to 1.5100 and 1.5080, seems she might break forming double top and so will look to re-enter perhaps. TDI is in...
+1 on EGBP and EUSD.
I dont trade counter trend . so i will possibly wait for retrace and then enter on EAUD. THe Blue bands in TDI guide me through that.
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