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Trading Made Simple

  • #17,201
  • Apr 9, 2013 1:58am Apr 9, 2013 1:58am
Quoting Jackub
{image} why .. ?
that was the fundamental reason;
09:28 RBA Board member says higher AUD does not require policy response.
  • #17,202
  • Apr 9, 2013 1:59am Apr 9, 2013 1:59am
Quoting Jackub
200EMA, ydy low?
this has little to do with 200EMA, or Prev D High/Low, or Prev W Fib-r 50%.... market just want to buy AUD with plenty of Chinese liquidity this week.
Stay on H4 and D you will play along with the market flow.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,203
  • Apr 9, 2013 2:02am Apr 9, 2013 2:02am
Quoting Favorite
I don't understand your entry at all. We're supposed to enter after the green line crosses the red line. You didn't entered then because the angle was not right, the HA was not right etc. But that's it! You can't enter just enter the 5-th candle and pretend that nothing happened. It was not "bounce"!
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 38 KB


this is what I've seen on my chart
JacekPreserve Precious Capital
  • #17,204
  • Apr 9, 2013 2:06am Apr 9, 2013 2:06am
Quoting emmanuel7788
{image} well, I had to wait for the trade setup to develop and to get a better entry price. managed to get an entry at Fib-r 50% of the Asian session high-low. with a smaller SL of about 50pips (R), should be able to BE trade soon when price move +1R. expect to see price bounce near 1.2470, breaking below and if PA continues downward wouild be nice for this week. News tomorrow with China and positive Aussie data release on Wed may help bring this down...
http://www.forexfactory.com/attachme...1&d=1365419873

this trade took many 4H candles to happen, and now can BE this trade and it's risk free.
my entry was hardly threatened so I did not have to close with small loss.
PATIENCE .... and must watch PA using the Ha candles.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 15 H4 9 April update BE 9-4-2013 5-00-44 PM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,205
  • Apr 9, 2013 2:11am Apr 9, 2013 2:11am
Quoting aforizma
that was the fundamental reason; 09:28 RBA Board member says higher AUD does not require policy response.
nothing surprsing as Julian Gillard already said over the weekend she is happy that the AUD and CNY can be exchange directly without using USD....
so this week we buy AUD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,206
  • Apr 9, 2013 2:14am Apr 9, 2013 2:14am
Quoting Jackub
{image} this is what I've seen on my chart
OK, let's start from the very beginning.

Our signal - green line crossing the red line.

I marked this place with a white rectangle.

So according to the rules you had to evaluate this signal. If this signal was good, you were supposed to enter where I marked with the white arrow pointing down. But you didn't enter then. So that's it! You can enter either on the green-red cross, or on a "bounce". Where YOU entered there was NO cross! There was NO "bounce"! Why did you enter? Your entry was against the rules, so you were supposed to lose and you lost!
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,207
  • Apr 9, 2013 2:14am Apr 9, 2013 2:14am
ready to buy GBP/USD next candle 2nd
  • #17,208
  • Apr 9, 2013 2:14am Apr 9, 2013 2:14am
I did enter long AUD/USD @ 1.04518
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-H1.jpg Size: 239 KB
  • #17,209
  • Apr 9, 2013 2:17am Apr 9, 2013 2:17am
Quoting dunggiggs
ready to buy GBP/USD next candle 2nd
I have +40 pips and continous..?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 22 KB
  • #17,210
  • Apr 9, 2013 2:17am Apr 9, 2013 2:17am
Quoting Favorite
You can enter either on the green-red cross, or on a "bounce". Where YOU entered there was NO cross! There was NO "bounce"!
if possible please help by attaching an example of bounce trade thanks Favorite

Quoting dunggiggs
I have +40 pips and continous..? {image}
woa 5 lots!!!
back... and more dangerous.
  • #17,211
  • Apr 9, 2013 2:20am Apr 9, 2013 2:20am
Quoting kbp
if possible please help by attaching an example of bounce trade thanks Favorite woa 5 lots!!!
I trade demo for Forexball Champions League
  • #17,212
  • Apr 9, 2013 2:24am Apr 9, 2013 2:24am
Quoting Favorite
OK, let's start from the very beginning. Our signal - green line crossing the red line. I marked this place with a white rectangle. So according to the rules you had to evaluate this signal. If this signal was good, you were supposed to enter where I marked with the white arrow pointing down. But you didn't enter then. So that's it! You can enter either on the green-red cross, or on a "bounce". Where YOU entered there was NO cross! There was NO "bounce"! Why did you enter? Your entry was against the rules, so you were supposed to lose and you...
Yes! we can see green line not in 4-6h
sorry for my English
  • #17,213
  • Apr 9, 2013 2:25am Apr 9, 2013 2:25am
Hi, favorite
Im asking you since you have experience with EJ .
Is it compulsory to wait till LO on EJ??
Because some of the moves i see happen during tokyo session.......
  • #17,214
  • Apr 9, 2013 2:30am Apr 9, 2013 2:30am
Quoting Favorite
OK, let's start from the very beginning. Our signal - green line crossing the red line. I marked this place with a white rectangle. So according to the rules you had to evaluate this signal. If this signal was good, you were supposed to enter where I marked with the white arrow pointing down. But you didn't enter then. So that's it! You can enter either on the green-red cross, or on a "bounce". Where YOU entered there was NO cross! There was NO "bounce"! Why did you enter? Your entry was against the rules, so you were supposed to lose and you...

Favorite,
Correct me if I understood wrong (ahh .. this english on mine…)
You are saying that, if initial cross was not correct doesn't matter what going to happen later, until green come back to red for bounce of or doing next cross in opposite direction?
if green no comes back to red and bounce again, initial cross determinate it is still wrong entry…? even green is sloping down nicely..?
JacekPreserve Precious Capital
  • #17,215
  • Apr 9, 2013 2:34am Apr 9, 2013 2:34am
Quoting kbp
if possible please help by attaching an example of bounce trade thanks Favorite
In the lower white rectangle we see that the green line first went down, then started to go up and come closer to the red line than it was at the beginning and then the green line bounced off the red line. That's a bounce!

In the upper white rectangle we can see that the Price Action supported this bounce, we can see price going up much higher than a couple of previous candles, and then it goes down.
Attached Images
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,216
  • Apr 9, 2013 2:41am Apr 9, 2013 2:41am
Quoting Jackub
Favorite, Correct me if I understood wrong (ahh .. this english on mine…) You are saying that, if initial cross was not correct doesn't matter what going to happen later, until green come back to red for bounce of or doing next cross in opposite direction? if green no comes back to red and bounce again, initial cross determinate it is still wrong entry…? even green is sloping down nicely..?
Yes, you got it!

The rules are the rules!

You can't bend them "just a little bit"!

You either follow the rules or you don't!

It's either the right cross during the first or the second HA candle, or the right bounce! That's it!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,217
  • Apr 9, 2013 2:49am Apr 9, 2013 2:49am
Quoting Favorite
Yes, you got it! The rules are the rules! You can't bend them "just a little bit"! You either follow the rules or you don't! It's either the right cross during the first or the second HA candle, or the right bounce! That's it!
Thank you Favorite, this clarify eelfranz idea, it is not about bending rules in my case, I am far from there to do it, rather understending english, but never the less, this piece of information costed me 16 pips on demo so absolutely was worth it!!

Thanks
JacekPreserve Precious Capital
  • #17,218
  • Apr 9, 2013 2:50am Apr 9, 2013 2:50am
Quoting Winner1245
Hi, favorite Im asking you since you have experience with EJ . Is it compulsory to wait till LO on EJ?? Because some of the moves i see happen during tokyo session.......
Winner1245, I believe you can trade EURJPY and GBPJPY after Tokyo Open. But if you trade Tokyo Open, you have to pay more attention to the "Japanese Three Amigos", so to speak. If for EURUSD we check GBPUSD and AUDUSD, but sometimes we don't pay attention to it, for EURJPY during the Asian session we have to check both GBPJPY and USDJPY! After London Open it is not necessary, but at Tokyo Open I want GBPJPY and USDJPY to confirm EURJPY signals, or if you trade GBPJPY I want EURJPY and USDJPY to confirm.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,219
  • Apr 9, 2013 2:53am Apr 9, 2013 2:53am
Quoting Jackub
Thank you Favorite, this clarify eelfranz idea, it is not about bending rules in my case, I am far from there to do it, rather understending english, but never the less, this piece of information costed me 16 pips on demo so absolutely was worth it!! Thanks
Jackub, good for you!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #17,220
  • Apr 9, 2013 2:54am Apr 9, 2013 2:54am
Quoting Favorite
Winner1245, I believe you can trade EURJPY and GBPJPY after Tokyo Open. But if you trade Tokyo Open, you have to pay more attention to the "Japanese Three Amigos", so to speak. If for EURUSD we check GBPUSD and AUDUSD, but sometimes we don't pay attention to it, for EURJPY during the Asian session we have to check both GBPJPY and USDJPY! After London Open it is not necessary, but at Tokyo open I want GBPJPY and USDJPY to confirm EURJPY signals, or if you trade GBPJPY I want EURJPY and USDJPY to confirm.
Thank you . Im trying the 15min TF using TDI. I usually look for crosses from Tok open. Just wanted to make sure .
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