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Trading Made Simple

  • #19,321
  • May 16, 2013 3:07am May 16, 2013 3:07am
Quoting gegeorge
EJ time for Long or wait? {image}
EJ .. for me is BUY only as i am adding positions.

There is support 131.45 WPv and RN 131.50, if these works out I BUY when break TOK_5H range.

Just pay attention to Prev D Fib 50% 131.80 and MN S&R 131.75.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,322
  • May 16, 2013 3:17am May 16, 2013 3:17am
Quoting Pipsmurfer
{quote} Gegeorge, I see no problem, look at the Weekly I've attached, {image}
http://www.forexfactory.com/attachme...1&d=1368686735

It is good to swtich to Line Chart and see those prices close.
Remove all moving averages and you see a clearer picture of support and resistance based on pure price.
I know one trader who trades using Line chart only.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,323
  • May 16, 2013 3:17am May 16, 2013 3:17am
Quoting emmanuel7788
{quote} EJ .. for me is BUY only as i am adding positions. There is support 131.45 WPv and RN 131.50, if these works out I BUY when break TOK_5H range. Just pay attention to Prev D Fib 50% 131.80 and MN S&R 131.75.

Yes but what do you think about this Daily Chart of EJ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 21 KB
  • #19,324
  • May 16, 2013 3:21am May 16, 2013 3:21am
Quoting gegeorge
What do you think about GU today? {image}
watch out gu 4h tf is trading in range still. i wouldn't short unless it break range
Daniel
  • #19,325
  • May 16, 2013 3:21am May 16, 2013 3:21am
Quoting emmanuel7788
{quote} GU still look good to sell... you see that huge H4 'mother bar' to your left? watch carefully the PA for the next 2 weeks ( 19 to 31)_ till May month end. We may be trading into the May MN candle lower shadow/wick. know what I mean?
If I get it correctly, what you mean is that price will be in range between High and Low of the large MotherBar ? That was formed on yesterday's news
  • #19,326
  • May 16, 2013 3:26am May 16, 2013 3:26am
Quoting gegeorge
{quote} Yes but what do you think about this Daily Chart of EJ? {image}
on D chart, I see two bullish W candles in the background.
The retracement is shallow about 23% ..
This week D is in undecided where to go. so we see D candle with upper and lower wicks.But this wide raneg pair good for day trading and scalping while it is in consolidation.
We are trading in the shadow of this week' candle... that's is what I see.
On D I see TDI / PA diverence and may be tempting for soem to jump in and sell.
But a few small candles will fade away this divergence.

Give me some time to make nice chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,327
  • May 16, 2013 3:33am May 16, 2013 3:33am
Quoting gegeorge
{quote} If I get it correctly, what you mean is that price will be in range between High and Low of the large MotherBar ? That was formed on yesterday's news
that is the US PPI Bar, which set the High and Low.
Now everbdoy is scared of that high and low and not moving near them.
So I look for breakout of either end of that PPi Bar.
I go down to lower TF H1 and look for a good setup using TMS.
The weekly retracement is very shallow, so before the next move, market will make a swipe to take out all stops at both ends and then decide the next direction.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,328
  • May 16, 2013 3:37am May 16, 2013 3:37am
Quoting emmanuel7788
{quote} that is the US PPI Bar, which set the High and Low. Now everbdoy is scared of that high and low and not moving near them. So I look for breakout of either end of that PPi Bar. I go down to lower TF H1 and look for a good setup using TMS. The weekly retracement is very shallow, so before the next move, market will make a swipe to take out all stops at both ends and then decide the next direction.

That's very helpful emmanuel, thanks very much for all your contribution. That is what keeps me going in this "game"
  • #19,329
  • May 16, 2013 3:53am May 16, 2013 3:53am
Quoting gegeorge
{quote} That's very helpful emmanuel, thanks very much for all your contribution. That is what keeps me going in this "game"

ok, thanks for the appalause.
here is my H4 chart with the Weekly candle in background.

If you check your D chart, you will see a nice D CS pattern of the week 19 lower shadow.

a Bullish Engulfing Candle ... which Strat calls that "BUEC"
Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 20 H4 with W bg16-5-2013 4-45-21 PM.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,330
  • May 16, 2013 4:03am May 16, 2013 4:03am
Here I use W99 trade chart posted earlier above.

Hope W99 does not mind I pick on his EJ trade entry as an example why not every TMS TDI cross is s A+++ trade setup.

Always reconcile your H4 setup with your D candle and W candle.
Attached Image (click to enlarge)
Click to Enlarge Name: W99 EURJPY.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,331
  • May 16, 2013 4:05am May 16, 2013 4:05am
ok, sleep time for me ... need 4hours os snooze....
talk later folks...
meantime be good, don't anyhow pull trigger...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,332
  • Edited 5:59am May 16, 2013 5:39am | Edited 5:59am
Keep informed. They are not often wrong!! Updated every day before European open. See how you are doing, check your forcast against theirs. See if you can workout why they have selected certain profit targets. These people are responsible for millions and they are showing you what they think and are doing, For Free!!
Attached File(s)
File Type: pdf FX_Forecast_Update_May_150513.pdf   1.6 MB | 1,482 downloads
File Type: pdf DanskeTechnicalUpdate(2).pdf   62 KB | 466 downloads
File Type: pdf DanskeDaily.pdf   252 KB | 479 downloads
Cut your Losers short and let your Winners run.
  • #19,333
  • May 16, 2013 6:25am May 16, 2013 6:25am
Quoting dee50
Keep informed. They are not often wrong!! Updated every day before European open. See how you are doing, check your forcast against theirs. See if you can workout why they have selected certain profit targets. These people are responsible for millions and they are showing you what they think and are doing, For Free!! {image} {image} {image}
This is Great dee50, where did you find these?
  • #19,334
  • May 16, 2013 7:01am May 16, 2013 7:01am
Quoting gegeorge
{quote} This is Great dee50, where did you find these?
Here

Danske Markets Research
Cut your Losers short and let your Winners run.
  • #19,335
  • May 16, 2013 8:31am May 16, 2013 8:31am
Quoting emmanuel7788
Here I use W99 trade chart posted earlier above. Hope W99 does not mind I pick on his EJ trade entry as an example why not every TMS TDI cross is s A+++ trade setup. Always reconcile your H4 setup with your D candle and W candle. {image}
Hello Emmanuel

Therefore are you saying that we should trade in the direction of the Weekly Candle. If the previous weeks close is Bearish, we are only looking for short trades.

Regards
Aj1
  • #19,336
  • May 16, 2013 8:32am May 16, 2013 8:32am
so quiet! ...
nobody took any trade yet?
what about GU?
- TDI bounce,
Upthrust bar, etc...
PA come off MN S&R,
,,,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,337
  • May 16, 2013 8:51am May 16, 2013 8:51am
Quoting emmanuel7788
so quiet! ... nobody took any trade yet? what about GU? - TDI bounce, Upthrust bar, etc... PA come off MN S&R, ,,,
i took EJ long. out of it by now with +8 pips. TDI gone flat.
me thinks that unemployment claim destroy it
Daniel
  • #19,338
  • May 16, 2013 8:54am May 16, 2013 8:54am
Quoting emmanuel7788
so quiet! ... nobody took any trade yet? what about GU? - TDI bounce, Upthrust bar, etc... PA come off MN S&R, ,,,
I just took last night this AJ trade, is not a nice entry, i mean, it was more an reaction on the 50% and the D1 trend is down, so yeah.
It worked for me.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 16.05.2013 , 09_52_24.png Size: 15 KB
  • #19,339
  • May 16, 2013 8:55am May 16, 2013 8:55am
Quoting emmanuel7788
so quiet! ... nobody took any trade yet? what about GU? - TDI bounce, Upthrust bar, etc... PA come off MN S&R, ,,,
trying to avoid news in my trading, I can not trade news...
JacekPreserve Precious Capital
  • #19,340
  • May 16, 2013 8:56am May 16, 2013 8:56am
Quoting Greenb
{quote} i took EJ long. out of it by now with +8 pips. TDI gone flat. me thinks that unemployment claim destroy it
I was thinking about the EJ long H4 but i am looking now more and more on the direction from the tdi
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