Attachments: Trading Made Simple

Trading Made Simple

#18,821
May 7, 2013 2:10am May 7, 2013 2:10am

allisonmagic
| Commercial User | Joined Jul 2012 | 2,049 Posts

Quoting emmanuel7788

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USDCHf 7 May LO Anyone want give his/her view on UChf? Sell or Wait ? {image}

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9498

#18,822
May 7, 2013 2:13am May 7, 2013 2:13am

allisonmagic
| Commercial User | Joined Jul 2012 | 2,049 Posts

here i'll throw in my simple 2 cents.

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#18,823
May 7, 2013 2:15am May 7, 2013 2:15am

Jackub
| Joined Jul 2012 | Status: consciuos incompetence level | 2,064 Posts

Maybe it is not far from topic:

TWO WOLVES
One evening, a very wise, old Indian chief was speaking with his grand-son
about life, telling him about the internal battle that goes on inside all
people.
He said, “My son, inside all of us there exists a constant battle between
two wolves. One wolf is very evil. It forces you to deal with anger, envy,
jealousy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment,
inferiority, lies, false pride, superiority, and a self-centered, destructive ego.
The other wolf is good. It helps you to experience joy, peace, love,
hope, serenity, humility, kindness, benevolence, empathy, generosity, truth,
compassion, faith, self-respect, and to develop a giving, constructive ego.”
The grandson thought about it for a minute and then asked his grandfather,
“Which wolf wins?”
The wise, old Indian chief replied, “My son, the one you feed.”

JacekPreserve Precious Capital

#18,824
May 7, 2013 2:18am May 7, 2013 2:18am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,203 Posts

Quoting emmanuel7788

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UChf 7 May H1 trade; This trade taken on a H4 Pin Bar one haour after LO. TOK_5H is 15 pips, so I can trade this as a breakout with Prev D Fib 50% 0.9367 as support. {image}

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http://www.forexfactory.com/attachme...1&d=1367915839

Here is my trade update:
TP1 + 28pips, trade now BE at EP+2pips.

Move final TP to Prev W Fib 127%, look for failure before or at Fib 127% !!!!

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#18,825
May 7, 2013 2:21am May 7, 2013 2:21am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,203 Posts

Quoting Jackub

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{quote} {image} NO PIN Bar on my chart.....

Ignored

different broker sever time different H4 candle type.

But on H1 we have the same 3-bar reversal with BU engulfing candle and a candle with UPthrust.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#18,826
May 7, 2013 2:25am May 7, 2013 2:25am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,203 Posts

Quoting Jackub

Disliked

Maybe it is not far from topic: TWO WOLVES One evening, a very wise, old Indian chief was speaking with his grand-son about life, telling him about the internal battle that goes on inside all people. He said, “My son, inside all of us there exists a constant battle between two wolves. One wolf is very evil. It forces you to deal with anger, envy, jealousy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and a self-centered, destructive ego. The other wolf is good. It helps you to...

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reminds me of Kevin Costner movie Dances with the Wovles...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#18,827
May 7, 2013 2:25am May 7, 2013 2:25am

allisonmagic
| Commercial User | Joined Jul 2012 | 2,049 Posts

emmanuel7788

nice position, hold strong ! green pips. good job man

#18,828
May 7, 2013 2:29am May 7, 2013 2:29am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,203 Posts

Quoting allisonmagic

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here i'll throw in my simple 2 cents. {image}

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http://www.forexfactory.com/attachme...1&d=1367917989

NICE! allison...

I LOVE CLEAN CHARTS....

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#18,829
May 7, 2013 2:30am May 7, 2013 2:30am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,203 Posts

Quoting allisonmagic

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emmanuel7788 nice position, hold strong ! green pips. good job man

Ignored

thanks.

I bet you are in this ride too.

green pips

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#18,830
May 7, 2013 2:35am May 7, 2013 2:35am

thomi
Joined Jul 2012 | Status: Trader | 1,006 Posts

Quoting emmanuel7788

Disliked

{quote} different broker sever time different H4 candle type. But on H1 we have the same 3-bar reversal with BU engulfing candle and a candle with UPthrust.

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I agree that we all have the same h1 but if we base the method big E "My page when i open up my charts has 8 open charts. I just glance at the set ups for TDI When the new candle opens ... If I see a set up ... just crossing red green I'll take the trade, turn off the puter and go to bed. Four hours later (1:50 am) my alarm goes off for the new candles and I take a peek ... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50 am my time. I close all trades at That Time and go back to sleep ... There set ups are enough in a normal week to make 200-500 pips ... Stress is zero ... "depending on the broker inputs are different ...
So what would be the best broker?

#18,831
May 7, 2013 2:49am May 7, 2013 2:49am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,203 Posts

Quoting thomi

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{quote} I agree that we all have the same h1 but if we base the method big E "My page when i open up my charts has 8 open charts. I just glance at the set ups for TDI When the new candle opens ... If I see a set up ... just crossing red green I'll take the trade, turn off the puter and go to bed. Four hours later (1:50 am) my alarm goes off for the new candles and I take a peek ... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50 am my time. I close all trades at That Time and go back to sleep ... There set ups are...

Ignored

there is no best broker. they are all criminals who are there to make your broke...

in so far as chart candle time, I pick the GMT00 as start of day and Tokyo open on Monday as start of week. I stick to this CONSISTENTLY no matter which broker I trade live with. I happened to use ibfx AU and they have same GMT000 sever time which I like. I use two other brokers who do not have GMT000 as server chart time. I don't have any problem with them.

For those who have Sunday candles, I just treat them as they are. There is s atrategy to trade the Sunday candle too for thos ewho have this small Sunday candles.
Sunday candle casue some small probelm when you use ADR and the ADR will calculate this small D candle the average ADR may be different with others who do not have the Sunday candles.

As for Big E, he also traded H1 but only for few hours during the US session.

So we trade the London session, we must adapt to trade H1 during the London Open right up to London Closes.

Hope this explains.

regards,

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#18,832
May 7, 2013 2:50am May 7, 2013 2:50am

Pipsmurfer
| Joined Jul 2012 | Status: Trader | 179 Posts

Quoting thomi

Disliked

{quote} I agree that we all have the same h1 but if we base the method big E "My page when i open up my charts has 8 open charts. I just glance at the set ups for TDI When the new candle opens ... If I see a set up ... just crossing red green I'll take the trade, turn off the puter and go to bed. Four hours later (1:50 am) my alarm goes off for the new candles and I take a peek ... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50 am my time. I close all trades at That Time and go back to sleep ... There set ups are...

Ignored

I think on the long term it doesn't matter wich broker time you have. Me also missed the pinbar on the H4, it's not on my chart. But some times you may see the better oppertunities before someone else with another candle time. You don't have to take all oppertunities. There are plenty other good setups every week. Be patient.

#18,833
May 7, 2013 2:50am May 7, 2013 2:50am

thomi
Joined Jul 2012 | Status: Trader | 1,006 Posts

exemple :

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#18,834
May 7, 2013 2:55am May 7, 2013 2:55am

thomi
Joined Jul 2012 | Status: Trader | 1,006 Posts

exemple tdi cross and not cross .

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#18,835
May 7, 2013 2:58am May 7, 2013 2:58am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,203 Posts

Quoting thomi

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exemple : {image} {image}

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http://www.forexfactory.com/attachme...1&d=1367920222

On your 2nd chart above, you have H4 BU Engulfing candle which you can base your trade entry with TDI bounce...isn't that so?
That is what I consider as PA candlestick pattern.

Just make a summary chart of various CS pattern with TDI action as your entry types and have these in printed out and placed in front of you everyday. That is what I did 5 years ago unitil I have all these CS patterns in my brain.

regards,

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#18,836
May 7, 2013 3:02am May 7, 2013 3:02am

thrax
| Joined Sep 2011 | Status: Trader | 180 Posts

Hi,

AUDUSD H4 short trade.

Price below TTF trend MA and HTF trend MA+bearish TDI cross+bearish HA candle+price fell below the previous week's Fib 61.8%. My initial SL and TP1 were 2xATR(7). This TP1 coincides (accidentally? :-) ) with the Fib extension 127.2% of the previous week, and my TP2 was just above Fib 138.2% I used the channelling techinque of emmanuel too.

take care,
thrax

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