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Trading Made Simple

  • #17,081
  • Apr 7, 2013 10:41pm Apr 7, 2013 10:41pm
Quoting Jackub
do we have IBnr4 already on H4?
risky, ... but good enough for me to sell on H1.

look at it this way:
last Friday late buyers jumped into the market. Now many buyers exit or tighten their stops below Asian/TOK_5H.

SM will hunt all these stops below .. i.e. if you beleive in stop hunting... LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,082
  • Apr 7, 2013 10:46pm Apr 7, 2013 10:46pm
Quoting biDc
Watching EUR/JPY and USD/CHF. Could be opportunities here

Lots of Yen flowing in this highly liquid market.... low interest, BOJ prinintg more, ...
who wants Yen?
borrow cheap...
carry trades!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,083
  • Apr 7, 2013 10:49pm Apr 7, 2013 10:49pm
Quoting mierzyk
Guys, Does anyone have all eelfranz 's posts in pdf or any other document? Is it possible to make a pdf of all his posts? Cheers! M.
Here is what I have. You will see above some of the posts is something that looks like "38 - 204". That will mean its page 38, post 204 from this thread.

Hope it helps.

Cheers

Attached File(s)
File Type: pdf Trading Made Simple BigE (Eric)'s posts.pdf   1.8 MB | 1,888 downloads
  • #17,084
  • Apr 7, 2013 10:51pm Apr 7, 2013 10:51pm
1 45 Am here. I still have to get used to getting up this early. Let see what the euro sessions brings.

Have a nice week fellas
  • #17,085
  • Apr 7, 2013 10:56pm Apr 7, 2013 10:56pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 47 KB


Will you short GBP/USD, its agains a trend alike...
JacekPreserve Precious Capital
  • #17,086
  • Apr 7, 2013 11:02pm Apr 7, 2013 11:02pm
Quoting Jackub
{image} Will you short GBP/USD, its agains a trend alike...
might be same story as with EU
JacekPreserve Precious Capital
  • #17,087
  • Apr 7, 2013 11:04pm Apr 7, 2013 11:04pm
Quoting Jackub
{image} Will you short GBP/USD, its agains a trend alike...
This level worries me. I will wait for this candle close and enter.
Attached Image (click to enlarge)
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  • #17,088
  • Apr 7, 2013 11:05pm Apr 7, 2013 11:05pm
Quoting Jackub
{image} Will you short GBP/USD, its agains a trend alike...

if you look at the M15 and H1 candles...they are very small. To me those are trade exits and they are not sellers joining the market.

when seller rush in, then you will not be able to get in at a good price. Then how?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,089
  • Apr 7, 2013 11:10pm Apr 7, 2013 11:10pm
Quoting emmanuel7788
if you look at the M15 and H1 candles...they are very small. To me those are trade exits and they are not sellers joining the market. when seller rush in, then you will not be able to get in at a good price. Then how?
In my situation is beter wait for good oportunity, nice moves clear situations... yes , I think I will wait...
JacekPreserve Precious Capital
  • #17,090
  • Apr 7, 2013 11:19pm Apr 7, 2013 11:19pm
Quoting Winner1245
This level worries me. I will wait for this candle close and enter. {image}

Yes there is to be worry about, so if price drop down to level 1.52600 need to see what gona happen, brake, pullback and sell or test , bounce back and then go for long.. this is my plan
JacekPreserve Precious Capital
  • #17,091
  • Apr 7, 2013 11:38pm Apr 7, 2013 11:38pm
Quoting Winner1245
This level worries me. I will wait for this candle close and enter. {image}
http://www.forexfactory.com/attachme...1&d=1365401191

yes, that level RN 1.5250 was tested for 2 weeks, some say 200EMA bounce. LOL.
Anyway 1.5250 was broken last friday and we can count on that for weekly support .
Intraday-wise, there is enough room for sell with small SL and +2R trade.... very risk though with BRN 1.5300 staring at us this will put many traders away. But there must be many buyers stop dug-in behind that line.
PA will show us later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,092
  • Apr 8, 2013 12:43am Apr 8, 2013 12:43am
can those news have a big impact on the euro from your experience?

4:30am EUR
Sentix Investor Confidence

-12.6 -10.6

6:00am EUR
German Industrial Production m/m

0.4% 0.0%
  • #17,093
  • Apr 8, 2013 12:58am Apr 8, 2013 12:58am
Will probably stay out again tonight.
  • #17,094
  • Apr 8, 2013 1:01am Apr 8, 2013 1:01am
Quoting Burt59
can those news have a big impact on the euro from your experience? 4:30am EUR Sentix Investor Confidence -12.6 -10.6 6:00am EUR German Industrial Production m/m 0.4% 0.0%
I doubt these two data release will have big impact today/this week after what happended last week.
today will be sideway and drawing in more very short-term buyers and sellers. The longer term sellers will have to cover their positions ahead of news this week.
The bigger move can be tomorrow tuesday and wednesday...
generally USD is weaker so it helps with EURUSD bullishness.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,095
  • Apr 8, 2013 1:03am Apr 8, 2013 1:03am
'Morning everyone,

This is my first post to this thread, I spent a lot of time studying Big E's system and still use something very like his original as one of my main tools- with just a few tweaks to suit my own style and needs - I find it a good solid system that regularly yields good pips if traded with a modest measure of 'trader discretion'

I added a Large Round Numbers indi. and the 100 and 200 MA's.
I use the Large Round Numbers for S/R levels and find them useful for visual 'scaling' ie. the closer together they are the more rapid the movement.

I missed quite a few good trades last week - laziness and a bit 'jaded' I think (too much screen time is bad). so I had a good long weekend off and came back fresh this morning.

I spotted this nice potential setup on the AUDUSD, I will go long at the next H4 candle if I still like the look of it.

The other thing some folks might find useful is the 'Stickies' programme, it's the best I've found for putting up reminders and alerts, very quick, configurable and dead easy to use also it's free (NB I have nothing to do with the company at all, this is just a great little free tool that really works)

'Looking forward to some good pips this week and wishing you all the same,,,

Andy.
Attached Image (click to enlarge)
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Don't ask me, I have no idea what's going on.
  • #17,096
  • Apr 8, 2013 1:16am Apr 8, 2013 1:16am
Good morning. Look at GBP/USD...Seems as a short might be good there. What do u think?
Attached Image (click to enlarge)
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  • #17,097
  • Apr 8, 2013 1:21am Apr 8, 2013 1:21am
Quoting vody105
Good morning. Look at GBP/USD...Seems as a short might be good there. What do u think? {image}

do you have 5 reasons for shorting?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,098
  • Apr 8, 2013 1:24am Apr 8, 2013 1:24am
Quoting vody105
Good morning. Look at GBP/USD...Seems as a short might be good there. What do u think? {image}

it's only temporary.. you might be able to pull 50+ pips from it's retrace.. but it's bullish
  • #17,099
  • Apr 8, 2013 1:26am Apr 8, 2013 1:26am
Quoting emmanuel7788
do you have 5 reasons for shorting?
just 4. TDI says so, Stoch confirms, its going back to support and i like the candle
  • #17,100
  • Apr 8, 2013 1:27am Apr 8, 2013 1:27am
Quoting allisonmagic
it's only temporary.. you might be able to pull 50+ pips from it's retrace.. but it's bullish
thats what I wanted to do. But I rather won´t go agains main trend. What is more USD is weak now..
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