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Trading Made Simple

  • #17,361
  • Apr 11, 2013 2:24am Apr 11, 2013 2:24am
Quoting Jackub
Hi kbp, Can you tell me how many pairs you are following, please?
Hi Jackub. I trade EU only... no other pairs because I still work full time and don't have time to learn PA on other pairs. EU is usually best during London session (followed by GU?)
back... and more dangerous.
  • #17,362
  • Apr 11, 2013 2:28am Apr 11, 2013 2:28am
Quoting kbp
Hi Jackub. I trade EU only... no other pairs because I still work full time and don't have time to learn PA on other pairs. EU is usually best during London session (followed by GU?)
Hi kbp, thank you very much,
I have a lot of spare time but really can follow closely only three pairs EU, GB and AU
JacekPreserve Precious Capital
  • #17,363
  • Apr 11, 2013 2:36am Apr 11, 2013 2:36am
EU week 15 Trade loss.

Here is my EU trade done yesterday before the FOMC (??? leak)
Cut loss at -5pips.

Now looking at my Plan C... if LON has made the high for today' session then I will look for the next red APB/HA.

Trade Well folks.
Attached Image (click to enlarge)
Click to Enlarge Name: EU week 15 H1 10 Apr trade loss 11-4-2013 5-29-16 PM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,364
  • Edited 2:54am Apr 11, 2013 2:44am | Edited 2:54am
Trend of the Moment:

We all trade the trend of the moment.
Be that M15, H1 or H4.
If we trade against the Primary Trend, then it is simply Counter Trend (CT) trade or it can still be in the Primary Trend if we chose the Intermediate Trend carefully.
Many traders want excitement and fast action, so they trade the M15 and they can scalp Up and Down all day long.
When they win, they win fast. The losses come fast if not faster when the skills are lacking.
You decide whether you want to be a M15 scalper, H1 intraday trader or 4H swing trader.

Have Fun Trading.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,365
  • Apr 11, 2013 2:52am Apr 11, 2013 2:52am
http://www.forexfactory.com/attachme...1&d=1365645976
Quoting Jackub
As you say there is strong S/R area, historically worked very effectively so should work now as resistance as well, last month GU was trying to broke this useccesfully. candles are smaller and smaller I would like to see on D1 bearish candle pattern, breaking 1.52380, maybe even today daily candle will be bearish forming three candles reversal patterns like"evening start" ?? (goog news from USA today may start the fall down??)
My view still the same.
Let the W candle close this week and look for the 4H swing trade next week.
Look at W and D after NY close tomorrow and see how NY open on Sunday.
Then I decide on Plan A and Plan B during next Monday Tokyo session.

PATIENCE.... folks. we are trading 4H swing trading. You need only 5 good trade$ every 20 trading day$ and 10% ROI is in sight.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,366
  • Apr 11, 2013 3:17am Apr 11, 2013 3:17am
Hi Eelfranz,
have been trading this method for 2 days now.
Really enjoying its simplicity. not to mention the profit.
Need to learn to be more patient and get used to the larger time frame and greater profit possibilities.
Have made 47 pips for the day but only looked for 20 odd pips profit.
Made profit, only to see the EJ just head north an additional 20 + pips.

Thanks for the method.
  • #17,367
  • Apr 11, 2013 3:27am Apr 11, 2013 3:27am
Wow, 44 pip trade after pullback
Attached Image (click to enlarge)
Click to Enlarge Name: 4-11-2013 4-54-37 PM.jpg Size: 185 KB
  • #17,368
  • Apr 11, 2013 3:30am Apr 11, 2013 3:30am
Quoting Pervis
Hi Emmanuel, I take this trade already, closed after LO close. Can you share your opinion when we enter base on H4? for me we will wait at highlight? {image}
http://www.forexfactory.com/attachme...1&d=1365612295
It's not happen.. Anyone catch it?
Attached Image (click to enlarge)
Click to Enlarge Name: 4-11-2013 5-29-22 PM.jpg Size: 165 KB
  • #17,369
  • Apr 11, 2013 3:40am Apr 11, 2013 3:40am
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh1.png Size: 53 KB


My first trade using a real account.
  • #17,370
  • Apr 11, 2013 4:05am Apr 11, 2013 4:05am
Quoting Pervis
Wow, 44 pip trade after pullback {image}
breakouts are usually fast and furious ... can only see in lower TF like M15.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,371
  • Apr 11, 2013 4:21am Apr 11, 2013 4:21am
Quoting Pervis
It's not happen.. Anyone catch it? {image}
missed that... when I was at chart it already broke out asian at 3070 so was waiting for pullback to enter but no chance, still waiting... news are coming in 1hr so no trade for now...

had lot of bad/good experiences with news during these years already, no more gambling
back... and more dangerous.
  • #17,372
  • Apr 11, 2013 4:28am Apr 11, 2013 4:28am
Quoting kbp
missed that... when I was at chart it already broke out asian at 3070 so was waiting for pullback to enter but no chance, still waiting... news are coming in 1hr so no trade for now... had lot of bad/good experiences with news during these years already, no more gambling
instead of looking at Asian high-low range, try look at the Tokyo_5H high-low (the first 5 hour traded) and look for the breakouts.
Asian market activity tend to move after the Japanese finish eating their sushi.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,373
  • Apr 11, 2013 4:44am Apr 11, 2013 4:44am
Quoting emmanuel7788
instead of looking at Asian high-low range, try look at the Tokyo_5H high-low (the first 5 hour traded) and look for the breakouts. Asian market activity tend to move after the Japanese finish eating their sushi.
Hah... I like sushi too.

Anyway just to confirm I understand you correctly, so assume the start of Tokyo session is at 00:00AM, then we wait until after 05:00AM and look for break out of the range during that 5hrs and trade. Is that correct?

So we can even enter trade before the London Open? (if use the example above, London will open at 08:00AM and then at 09:00AM or 10:00AM as usual price will stand for a bit, followed by a reverse or continuation. e.g today is continuation)
back... and more dangerous.
  • #17,374
  • Apr 11, 2013 4:48am Apr 11, 2013 4:48am
Quoting emmanuel7788
instead of looking at Asian high-low range, try look at the Tokyo_5H high-low (the first 5 hour traded) and look for the breakouts. Asian market activity tend to move after the Japanese finish eating their sushi.
Do you trade TOK_5H on M15 ??
JacekPreserve Precious Capital
  • #17,375
  • Apr 11, 2013 5:26am Apr 11, 2013 5:26am
Quoting kbp
Hah... I like sushi too. Anyway just to confirm I understand you correctly, so assume the start of Tokyo session is at 00:00AM, then we wait until after 05:00AM and look for break out of the range during that 5hrs and trade. Is that correct? So we can even enter trade before the London Open? (if use the example above, London will open at 08:00AM and then at 09:00AM or 10:00AM as usual price will stand for a bit, followed by a reverse or continuation. e.g today is continuation)
Yes, correct.
Just draw a rectangle using MT4 tool and look at the PA of the APB and TDI for the direction.
The TOK_5H range is good use for the initial SL ... 'R'. Often you will get entry before LO. For EU, the Frankfurt open also something we must consider. There is a relation to the futures market.

This method is good when market is trending and for wide range sideway market condition.
It is a simple method to use with TMS.

See chart example attached.

Quoting Jackub
Do you trade TOK_5H on M15 ??
No, I don't trade M15 but I look at M15 chart for fine tuning trade entry for that small initia SL.
But I laways have my sight on the H1 and H4 candle formation all the time.
Attached Image (click to enlarge)
Click to Enlarge Name: EU TOKY_5H example11-4-2013 8-16-32 PM.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,376
  • Apr 11, 2013 5:30am Apr 11, 2013 5:30am
Quoting emmanuel7788
Yes, correct. Just draw a rectangle using MT4 tool and look at the PA of the APB and TDI for the direction. The TOK_5H range is good use for the initial SL ... 'R'. Often you will get entry before LO. For EU, the Frankfurt open also something we must consider. There is a relation to the futures market. This method is good when market is trending and for wide range sideway market condition. It is a simple method to use with TMS. See chart example attached. No, I don't trade M15 but I look at M15 chart for fine tuning trade entry for that small initia...
thank you...!
JacekPreserve Precious Capital
  • #17,377
  • Apr 11, 2013 5:40am Apr 11, 2013 5:40am
Quoting emmanuel7788
Yes, correct. Just draw a rectangle using MT4 tool and look at the PA of the APB and TDI for the direction. The TOK_5H range is good use for the initial SL ... 'R'. Often you will get entry before LO. For EU, the Frankfurt open also something we must consider. There is a relation to the futures market. This method is good when market is trending and for wide range sideway market condition. It is a simple method to use with TMS. See chart example attached. No, I don't trade M15 but I look at M15 chart for fine tuning trade entry for that small initia...
thanks alot for nice tip & chart

this 'd help to increase some pips if use PA to exit before the reverse (if have) after LO
back... and more dangerous.
  • #17,378
  • Apr 11, 2013 6:29am Apr 11, 2013 6:29am
it seems to me that USD is going stronger last 1,5 hours...anybody is going to use it?
  • #17,379
  • Apr 11, 2013 6:31am Apr 11, 2013 6:31am
Quoting vody105
it seems to me that USD is going stronger last 1,5 hours...anybody is going to use it?
Yes I am in ...
JacekPreserve Precious Capital
  • #17,380
  • Apr 11, 2013 6:32am Apr 11, 2013 6:32am
Quoting Jackub
Yes I am in ...
What do u trade?
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ashfrndez