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Trading Made Simple

  • #17,001
  • Apr 5, 2013 12:28am Apr 5, 2013 12:28am
Usually I would wait for London open but the setup looked good to me on this one.
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  • #17,002
  • Apr 5, 2013 12:41am Apr 5, 2013 12:41am
biDc,

Just wanted to say I like your chart...
That is exactly what a "TMS" chart looks like!
Don't ever, ever, ever change it .
  • #17,003
  • Apr 5, 2013 1:03am Apr 5, 2013 1:03am
This trade looks interesting to me.
I guess I'll see what happens with it

snarlyjack
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  • #17,004
  • Apr 5, 2013 1:25am Apr 5, 2013 1:25am
Only trade I see this morning with perhaps GBPCAD soon...

Remember NFP so USD crosses will be wild ;-)

EDIT: Looking at H4 and daily, this is the perfect place to go short on GBPAUD
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@pawpaw1000 on Twitter
  • #17,005
  • Apr 5, 2013 1:28am Apr 5, 2013 1:28am
sorry mistake
JacekPreserve Precious Capital
  • #17,006
  • Apr 5, 2013 1:30am Apr 5, 2013 1:30am
Quoting snarlyjack
biDc, Just wanted to say I like your chart... That is exactly what a "TMS" chart looks like! Don't ever, ever, ever change it .
The very reason why this thread caught my attention! Too many things on my chart will just give my mind information overload...
  • #17,007
  • Apr 5, 2013 1:41am Apr 5, 2013 1:41am
Hello all, USD/JPY 1H there is a long way to the 60 ema but this looks inviting, what do you think??

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  • #17,008
  • Apr 5, 2013 2:01am Apr 5, 2013 2:01am
Quoting sio bel
Hello all, USD/JPY 1H there is a long way to the 60 ema but this looks inviting, what do you think?? {image}
I think, is already to late for CT trade, VLB is narrowing, everybody is waiting for NFP, all kind of tricks can happen, on H4 you have loong wicks once on top and later on bottom, so its a fight no winner yet on D1 is going up, newbie poin of view, I'll stay away till monday
JacekPreserve Precious Capital
  • #17,009
  • Apr 5, 2013 2:59am Apr 5, 2013 2:59am
hello snarlyjack ,
Have you took the 2 short on the screenshot?
if not can you explain why?
Thanks
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  • #17,010
  • Apr 5, 2013 3:08am Apr 5, 2013 3:08am
Quoting kbp
MT4 has 3 types: bar chart, line chart and candle stick chart. You have to select bar chart if you dont want to see the overlap candles as in your screenshot There were posts in the first 20pages or so about this. Copy all the indicators to the indicator folder. Template to template folder. Then select that copied template in MT4. Then done. (but really? 3 years and don't know how to load custom indicators in MT4?) TDI works great during London session because there are more momentum. So better wait until then. Anyway... eelfranz is not here anymore...
KBP thanks a lot for your reply. I choose Heiken Ashi as recommended in one of the first pages of this forum. So there is no need for that and "normal candlesticks" will do?What about changing colours of the indicators? In the price chart I have a 5 day exponential moving average. I have the impression that other members use a different setup here.Thanks in advance
  • #17,011
  • Apr 5, 2013 3:17am Apr 5, 2013 3:17am
listening to thread members. Will stay out tonight again. (completely this time)
  • #17,012
  • Apr 5, 2013 3:44am Apr 5, 2013 3:44am
Possible set-up at 4h AJ, EJ, short, UCad Long. Kinda doubtful, due to news. Otherwise, not much movement. It appears everyone waiting.
It is quite Zen, when you think about it.
  • #17,013
  • Apr 5, 2013 4:07am Apr 5, 2013 4:07am
Quoting harvman5
Looks like a possible short setup on the EU this morning on the 1H charts if the 4H continues to look bearish. {image}
Closed short for -2 pip loss.
  • #17,014
  • Apr 5, 2013 4:38am Apr 5, 2013 4:38am
Also GJ and UJ at 4H, btw. some movement, quite rapid. Indecisive. Big move at NY, looks like it.
It is quite Zen, when you think about it.
  • #17,015
  • Apr 5, 2013 4:45am Apr 5, 2013 4:45am
Quoting pawpaw1000
Only trade I see this morning with perhaps GBPCAD soon... Remember NFP so USD crosses will be wild ;-) EDIT: Looking at H4 and daily, this is the perfect place to go short on GBPAUD {image}
Could have been a fake... Will watch
@pawpaw1000 on Twitter
  • #17,016
  • Apr 5, 2013 5:34am Apr 5, 2013 5:34am
Well then! Due to inability to follow plan (again! But I download stickiess application this time, and 10 pips stop-loss help!), I lost around twenty or so pips! Fortunately, I managed to gain extra pips, so now I got +4! Except that due to position sizing shenanigan (which is interesting, I tell ya), I ended up 0.2% loss instead!

suppose I'll wait until NY. Only need 15 pips for weekly target.
It is quite Zen, when you think about it.
  • #17,017
  • Apr 5, 2013 5:40am Apr 5, 2013 5:40am
Quoting WeepingMan
Well then! Due to inability to follow plan (again! But I download stickiess application this time, and 10 pips stop-loss help!), I lost around twenty or so pips! Fortunately, I managed to gain extra pips, so now I got +4! Except that due to position sizing shenanigan (which is interesting, I tell ya), I ended up 0.2% loss instead! suppose I'll wait until NY. Only need 15 pips for weekly target.
Someone told me, we trade market not a plan, if market is not tradable, forget the plan
JacekPreserve Precious Capital
  • #17,018
  • Apr 5, 2013 5:48am Apr 5, 2013 5:48am
It could be true. Actually, it is true. Problem is, I don't dare adding another variable to current system. Don't understand enough about market. Which means, the best move would be not to trade.

...but 15 pips more!

Yeah, I'm aware it is stupid.
It is quite Zen, when you think about it.
  • #17,019
  • Apr 5, 2013 5:54am Apr 5, 2013 5:54am
Quoting WeepingMan
It could be true. Actually, it is true. Problem is, I don't dare adding another variable to current system. Don't understand enough about market. Which means, the best move would be not to trade. ...but 15 pips more! Yeah, I'm aware it is stupid.
Another one told me , if you didn,t reach the target, be satisfy with what you gained so far, you are ahead anyway and tommorow is another day...
JacekPreserve Precious Capital
  • #17,020
  • Apr 5, 2013 6:02am Apr 5, 2013 6:02am
That's good advice.
Alright, closing shop then!
It is quite Zen, when you think about it.
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