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Trading Made Simple

  • #17,921
  • Apr 23, 2013 4:40am Apr 23, 2013 4:40am
Heres that same GU chart on the H1.

I missed it because I wasn't near the PC at the time...and hindsight is always 20/20.
But look at the TDI cross in relation to the down trend line also previous areas off S&R around the RN of 1.53.

PA has now stalled on that lower level of support to the left.......

Now all I have to do is this consistently real time myself ..... LOL

If seniors here want to correct add to anything Ive said please do so....

W99
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.GIF Size: 28 KB
  • #17,922
  • Apr 23, 2013 4:41am Apr 23, 2013 4:41am
Quoting bigpips
GBPAUD Sell on TDI cross EURUSD - SL to big for my liking GBPUSD - Support at 1.5220 levels that needs to be broken {image}

bigpips,

do not worry about big SL.
use position sizing and it will work out.
otherwise, go down to lower TF H1 or M15 to get a good entry price level which will give a smaller initial SL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,923
  • Apr 23, 2013 4:43am Apr 23, 2013 4:43am
Quoting gigitranza
{image} What do you guys think about shorting USD/JPY ?
http://www.forexfactory.com/attachme...1&d=1366699379

you already missed APB candle #1 and #2.
Let it go ...missed trade.
Look for another pair.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,924
  • Apr 23, 2013 4:44am Apr 23, 2013 4:44am
looks like im too late jump on the spot because not glue to the chart all the time..

Quoting emmanuel7788
{quote} the H4 TDI cross you mentioned for EU and GU are at different chart time - EU H4 cross 2 candles ago. GU cross one candle ago. But there are good candle pattern to support those entry candle #1 and #2. {image} {image}
  • #17,925
  • Apr 23, 2013 4:48am Apr 23, 2013 4:48am
Quoting jajano
looks like im too late jump on the spot because not glue to the chart all the time.. {quote}

yes, miss H4 candle close time. Let it go.

It is important when trading 4H TF, we must make sure we be at our computer on the dot when the next H4 candle time.
I use my handphone clock alarm set to ring every 4H according to my chart H4 candle time. Never fails me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,926
  • Apr 23, 2013 4:51am Apr 23, 2013 4:51am
GU H4 watchlist:

Keep close eye on GU. This current H4 candle still not yet close... another 2 hours 10mins till NYO.
will be interesting to see how it will close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,927
  • Apr 23, 2013 4:53am Apr 23, 2013 4:53am
I haven't taken any trades today (my Time) but what I have been doing is trying to practice looking at PA first on the zoomed out H4 ,
drawing in my S/R lines, trend lines, (including channels)etc. As PA approaches these areas drop down to LTF and start using the TDI as a guide
to help me better time my entries with confluence. Divergence seems to also play apart, but I have yet to be experienced enough to use it reliably.

If some other fellow Newbies are reading this, give it a try, its been helping me...sorry to waffle on, but i thought if it helps just one person, then perhaps Ive payed it forward as all the help Ive received has been fantastic !!

Also, big thanks to Emmanuel for continued support on this forum, it makes a big difference to everyone here...Thank you !!

W99
  • #17,928
  • Apr 23, 2013 5:11am Apr 23, 2013 5:11am
Quoting jajano
i have valid TDI cross on GU and EU TF 4H. anyone ride on?
Yes, currently +35pips, may take it out if it struggles to break SR levels.
Beginning to feel optimistic about it, although that's often the 'kiss of death'.
Don't ask me, I have no idea what's going on.
  • #17,929
  • Apr 23, 2013 5:50am Apr 23, 2013 5:50am
Quoting emmanuel7788
{quote} yes, miss H4 candle close time. Let it go. It is important when trading 4H TF, we must make sure we be at our computer on the dot when the next H4 candle time. I use my handphone clock alarm set to ring every 4H according to my chart H4 candle time. Never fails me.
I use this free software... http://freealarmclocksoftware.com/
JacekPreserve Precious Capital
  • #17,930
  • Apr 23, 2013 5:52am Apr 23, 2013 5:52am
Quoting emmanuel7788
{quote} Malcolm, Yes, I don't use the 5EMA because I read the price bars/candles and APB. One less item on my charts, one less question and trade decision becomes easier. How to draw price channel? One way is to use MT4 tool to insert channel bewteen a range of price bars. See attached. regards EMMANUEL {image}
Emmanual Thanks
  • #17,931
  • Apr 23, 2013 6:06am Apr 23, 2013 6:06am
Hey guys,

Today I skipped all the trades because I did not like Stoch. It indicated that market was oversold (EU and UJ). Do you think I did a good thing?

Trade well,
Philip
  • #17,932
  • Apr 23, 2013 6:19am Apr 23, 2013 6:19am
Quoting vody105
Hey guys, Today I skipped all the trades because I did not like Stoch. It indicated that market was oversold (EU and UJ). Do you think I did a good thing? Trade well, Philip

Stoch (8,3,3) in oversold/overbought 20/80 region is useless for entry and exit.
It is PA which is the leading edge in TMS.
Price can continue trending even when Stoch is in OS/OB region because of the period 8,3,3 used.

Rule No. 1 - Use TDI for entry and exits.
Rule no. 2 - APB/HA must be candle #1 or #2.

Question to you all:

When or under what sort of condition, then we can enter a trade when the APB/HA is not candle#1 and #2?
say if the APB is candle#5, can you enter a trade?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,933
  • Apr 23, 2013 6:22am Apr 23, 2013 6:22am
Quoting emmanuel7788
{quote} Stoch (8,3,3) in oversold/overbought 20/80 region is useless for entry and exit. It is PA which is the leading edge in TMS. Price can continue trending even when Stoch is in OS/OB region because of the period 8,3,3 used. Rule No. 1 - Use TDI for entry and exits. Rule no. 2 - APB/HA must be candle #1 or #2. Question to you all: When can we enter a trade when the APB/HA is not candle#1 and #2? say if the APB is candle#5, can you enter a trade?
Only in one case, if it is a "bounce" entry, however need to be caution taken as typically trade is going 3-8 candles
JacekPreserve Precious Capital
  • #17,934
  • Apr 23, 2013 6:31am Apr 23, 2013 6:31am
Quoting Jackub
{quote} Only in one case, if it is a "bounce" entry, however need to be caution taken as typically trade is going 3-8 candles

yes, correct but there is more to it.
But when market starts a long term running trend, we want to jump on board a runaway train or to catch a falling knife.

Learn PA using Candlestick pattern +APB/HA.

IB
DIB
DBHLC
DBLHC
Pop Gun
Attached Image (click to enlarge)
Click to Enlarge Name: NZ APB entry condtion 23-4-2013 7-23-42 PM.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,935
  • Edited 6:58am Apr 23, 2013 6:36am | Edited 6:58am
Candle #6,7 and 8 (white) is my favourite Pop Gun.

It is a continuation pattern in a running trend.


Candle #6,7 and 8 (yellow) is DIB another favourite.
http://www.forexfactory.com/attachme...1&d=1366716617
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,936
  • Apr 23, 2013 6:39am Apr 23, 2013 6:39am
SL at BE on M15 GU trade
Attached Image (click to enlarge)
Click to Enlarge Name: GUm15.GIF Size: 27 KB
  • #17,937
  • Apr 23, 2013 6:41am Apr 23, 2013 6:41am
Quoting Jackub
{quote} I use this free software... http://freealarmclocksoftware.com/

Thanks.
But I have my handphone on my bedside table.
After a while, my wife get annoyed with me doing that, now so I place my handphone below my pillow and set it to silent vibration mode. I get good head massage when alarm goes off.
The truth is I sleep most time in my study where my trading workstation is. This way I do not disturb anyone.
LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,938
  • Apr 23, 2013 6:41am Apr 23, 2013 6:41am
Quoting Jackub
{quote} Hi... my view.. {image} price is ranging since jul 2012 in channel 1.01440 - 1.06200, now is approaching bottom of the channel {image} bottom of the chanell is strong support supply zone {image} H4 is showing strong bulish divergency, within two hours we can see what candlestick patter will form, and another 4 hours candel might show us a three candle reversal pattern, So, maybe even today it will start move up... if not, its a metter of day to do it... tomorrow we have CPI form Australia, maybe this will be a trigger?
How about this Emmanuel... is it rubbish..??
JacekPreserve Precious Capital
  • #17,939
  • Apr 23, 2013 6:42am Apr 23, 2013 6:42am
Quoting Jackub
{quote} Hi... my view.. {image} price is ranging since jul 2012 in channel 1.01440 - 1.06200, now is approaching bottom of the channel {image} bottom of the chanell is strong support supply zone {image} H4 is showing strong bulish divergency, within two hours we can see what candlestick patter will form, and another 4 hours candel might show us a three candle reversal pattern, So, maybe even today it will start move up... if not, its a metter of day to do it... tomorrow we have CPI form Australia, maybe this will be a trigger?
Hi Jack , How did u put ATR in T D I Malcolm
  • #17,940
  • Apr 23, 2013 6:44am Apr 23, 2013 6:44am
Quoting wizard99
SL at BE on M15 GU trade {image}

something tells me you are copying my trades.... LOL.

Good thing to BE before NYO.
1.5260 is hard nut to crack. it was tested before the breakout today.

Be prepared for re-entry in case.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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