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Trading Made Simple

  • #19,361
  • May 16, 2013 3:34pm May 16, 2013 3:34pm
Quoting mukeshk
I am a newbie to the system. Can someone let me know from the attached graph if my settings are right. Regards, Mukesh {image}
Mukesh,

Here You see mine, looks pretty the same so I think your settings are oke. I see you are buying gold. I would only take shorts today, look at the Daily and Monthly, trend is very strong down. The two blue candles are not very big, wish you luck......
Attached Image (click to enlarge)
Click to Enlarge Name: gold.h4.png Size: 61 KB
  • #19,362
  • May 16, 2013 3:47pm May 16, 2013 3:47pm
Hi Pipsmurfer,

Thanks a lot for your reply.

Please let me know how do you decide when to go long and when to go short.

What are the main key deciding signs.

How do you read the TDI, Synergy, and stocastics.

It seems i hv asked you too many questions.

Regards,
Mukesh
  • #19,363
  • May 16, 2013 3:48pm May 16, 2013 3:48pm
Mukesh,

Of every Pair I trade I made a profile like the attachement, Before I enter a trade I take a very good look at the seperate charts. Look at the H1, there is a strong resistance. Be careful with making decisions only on the TDI cross. What are your other reasons to take this buy?
Attached Image (click to enlarge)
Click to Enlarge Name: gold today.png Size: 139 KB
  • #19,364
  • May 16, 2013 4:05pm May 16, 2013 4:05pm
Quoting mukeshk
Hi Pipsmurfer, Thanks a lot for your reply. Please let me know how do you decide when to go long and when to go short. What are the main key deciding signs. How do you read the TDI, Synergy, and stocastics. It seems i hv asked you too many questions. Regards, Mukesh
Mukesh,

To trade or not to trade, that's the question. A question which cannot be answered in one reply. I can only say, read and study what is written last two/three weeks in this thread. And if you did, read it again, and if you are bored because the market won't move, read it again. It's not only TDI. There has to be more: Break of Support Resistance, a pattern on de Japanese Candles, al kinds of things wich has to become your second nature. I myself am not half way on this road to succes. Listen to what the great traders on this thread give us.

Good luck and if you have questions, ask them, if it's within my capacity i try to answer.
  • #19,365
  • May 16, 2013 4:20pm May 16, 2013 4:20pm
Thanks Pipsmurfer,

It seems you are using Fibonaci as well for identifying support and resistence.

Can you pls post the templates of Fibonaci which i can add to my MT4.

Regards,
Mukesh.
  • #19,366
  • May 16, 2013 4:25pm May 16, 2013 4:25pm
Quoting Jackub
CAD/JPY... {image} {image} {image} waiting.......
Remember patient is a vitue. That said chances are it should move befor end of friday. We have news coming out for CAD afterall.
Daniel
  • #19,367
  • May 16, 2013 4:54pm May 16, 2013 4:54pm
Quoting jicssbr
Just an observation. No, I haven't read this entire thread, but it looks to me like highlighting the 50-line on the TDI indicator would give you an idea about which trades to take. When price is at or above the TDI 50-line, look for longs and the opposite for short trades.
i think, you will miss on this way lot of good entries.
  • #19,368
  • May 16, 2013 8:07pm May 16, 2013 8:07pm
I just use this trading system. what was my entry point. please help all seniors. success for all
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 31 KB
  • #19,369
  • May 16, 2013 10:21pm May 16, 2013 10:21pm
Quoting firzawajedi
I just use this trading system. what was my entry point. please help all seniors. success for all {image}
http://www.forexfactory.com/attachme...1&d=1368752708

Hi firzawajedi,

Welcome to this thread.

Please put a vertical line on the price bar/APB where your entry is. This will clearly show where exactly you entry candle.

Thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,370
  • May 16, 2013 10:52pm May 16, 2013 10:52pm
Quoting emmanuel7788
{quote} {image} Hi firzawajedi, Welcome to this thread. Please put a vertical line on the price bar/APB where your entry is. This will clearly show where exactly you entry candle. Thanks.
if like this. ask your opinions and input. thank you
Attached Image (click to enlarge)
Click to Enlarge Name: 2eurjpyh4.png Size: 56 KB
  • #19,371
  • May 16, 2013 10:59pm May 16, 2013 10:59pm
sorry it seems that the picture was less clear. I fit a new one. please help
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 31 KB
  • #19,372
  • May 17, 2013 12:33am May 17, 2013 12:33am
Good Morning Traders, I would like to share with you a report that came to my attention from DEE50 and is a brief outlook of the Daily movement. Maybe some will find it helpful, as a crosscheck.
Attached File(s)
File Type: pdf DanskeTechnicalUpdate_Friday 16_5_13.pdf   64 KB | 475 downloads
  • #19,373
  • May 17, 2013 12:54am May 17, 2013 12:54am
Quoting firzawajedi
sorry it seems that the picture was less clear. I fit a new one. please help {image}
your selling right on the downside of a range trading. and those 3 bear candles, see how small they are. it suggest they are lacking momentum.
Daniel
  • #19,374
  • May 17, 2013 1:12am May 17, 2013 1:12am
Quoting mukeshk
Thanks Pipsmurfer, It seems you are using Fibonaci as well for identifying support and resistence. Can you pls post the templates of Fibonaci which i can add to my MT4. Regards, Mukesh.
Good morning Mukesh,

Here are the two Fib indicators I use. They are not mine, they come frome this thread and have been posted several times.

Good luck,
Attached File(s)
File Type: ex4 #Fibo Prev Day.ex4   8 KB | 483 downloads
File Type: ex4 #Fibo Prev Week.ex4   8 KB | 486 downloads
  • #19,375
  • May 17, 2013 1:17am May 17, 2013 1:17am
Quoting firzawajedi
sorry it seems that the picture was less clear. I fit a new one. please help {image}
Yesterday was an DIB (Daily Inside Bar) but it's not broken yet. This could be an trigger to trade, but the trend on the Weekly is still strong up.

By the way, there was also an DIB on the EURUSD. In mine opinion this one gives better oppertunities but there is strong support around 1.2780 but there is some room.

Just mine opinion.
  • #19,376
  • May 17, 2013 1:25am May 17, 2013 1:25am
Look at this picture of GBPJPY 4H, something is going to happen. Daily and Weekly are strong upwards so a break at the upperside is most likely, I'll be watching this one.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.h4.png Size: 58 KB
  • #19,377
  • May 17, 2013 1:29am May 17, 2013 1:29am
Quoting Pipsmurfer
Look at this picture, something is going to happen. Daily and Weekly are strong upwards so a break at the upperside is most likely, I'll be watching this one. {image}
dont forget to watch CJ as well. it also have the chance to break soon.

EDIT: well either a BO or its back to range trade
Attached Image (click to enlarge)
Click to Enlarge Name: cj 17-5-2013.gif Size: 41 KB
Daniel
  • #19,378
  • May 17, 2013 1:38am May 17, 2013 1:38am
Quoting Pipsmurfer
Look at this picture of GBPJPY 4H, something is going to happen. Daily and Weekly are strong upwards so a break at the upperside is most likely, I'll be watching this one. {image}
weaker data out of the UK somewhat slowed down the GBPJPY rise ...there is still some way to go as both Abe and Aso will continue push for weaker Yen to boost export and help boost Japanese economy and recovery. Market just afraid of BRN.
Attached Image (click to enlarge)
Click to Enlarge Name: GBJPY MN outlook week 20.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,379
  • Edited 4:08am May 17, 2013 2:50am | Edited 4:08am
Two AU trades from yesterday (breakout entry, taken on H4) closed today. 90 pips each.
First hit its TP, and the second was closed manually.

4 reasons for exit:
- AU already filled its daily range
- W support at 0.973
- 161% fib-e of previous week at 0.974
- 161% fib-e of previous day.

Expecting pullback or consolidation. H4 chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 9 KB
  • #19,380
  • May 17, 2013 2:51am May 17, 2013 2:51am
My approach to trading news....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 82 KB



becouse it's Friday and , I need go out, had to close all trades,
JacekPreserve Precious Capital
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