Trading Made Simple | Page 1003 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #20,041
  • May 30, 2013 3:04am May 30, 2013 3:04am
back to AU 4h.

i actually dont see the double top even when emmanuel pointed out double top happens only on bullish trend.
what i see is the possibilities of range trend

also price still looking undecided for EU EJ GU GJ Au for me (1h TF)
so im going back to cat napping. back in 45mins
Attached Image (click to enlarge)
Click to Enlarge Name: au4h 30-5-2013.gif Size: 26 KB
Daniel
  • #20,042
  • May 30, 2013 3:06am May 30, 2013 3:06am
Quoting Greenb
back to AU 4h. i actually dont see the double top even when emmanuel pointed out double top happens only on bullish trend.what i see is the possibilities of range trend {image}
AU is in range whole week already...
JacekPreserve Precious Capital
  • #20,043
  • May 30, 2013 3:08am May 30, 2013 3:08am
Quoting Greenb
{quote} to go for a breakout, price needs to clear 0.97?

technical breakout I want to see price volatility plus momentum upwards to clear several resistance.

fundamentally, I find it hard to buy AU this week for 4H swing trading. Anyway upwards movement today and tomorrow will be correction of the recent aussie fall.
market is weak fo aussie until we see the next GDP result and RBA statement... I what to do
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,044
  • May 30, 2013 3:11am May 30, 2013 3:11am
at the advice of everyone here. will stay out.
  • #20,045
  • May 30, 2013 3:16am May 30, 2013 3:16am
Quoting Greenb
back to AU 4h. i actually dont see the double top even when emmanuel pointed out double top happens only on bullish trend.what i see is the possibilities of range trend also price still looking undecided for EU EJ GU GJ Au for me (1h TF)so im going back to cat napping. back in 45mins {image}

there is no double top for AU as I see on H4 and D.

based on chart pattern study, a double top at the end of a bullish rally is probability of a reversal.

but we see AU is on a downtrend, so for a reversal we need to see a double bottom.

however, as tenmilewalk highlighted a double top he sees on H1, I don't think that is a chart pattern worth considering unless he trade on H1 and looking to use that double top to sell AU today. that may work out for intraday but not 4H swing right now as I see on my chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,046
  • May 30, 2013 3:19am May 30, 2013 3:19am
Quoting tenmilewalk
at the advice of everyone here. will stay out.

we are all here to share our views ....

more eyes see more ...

ultimately you are the trader and you must make that trade decision whether that is a GO or NO-GO trade.

hope I make this clear for all here and we are all here to learn from one another.

we are all correct in our own analysis and only the market will prove us wrong.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,047
  • May 30, 2013 3:24am May 30, 2013 3:24am
Here is an example using AU H1:
Attached Image (click to enlarge)
Click to Enlarge Name: AU 30 May H1 sell on APB TDI cross 30-5-2013 4-20-52 PM.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,048
  • May 30, 2013 3:33am May 30, 2013 3:33am
Compare the USD strength of AU,EU,GU,NU.UChf ... at the same time and see if market is pro-USD or anti-USD ...

right now we se EU and GU more bullish,

so can we sell AU now? and expect market to bring AU down...
Attached Image (click to enlarge)
Click to Enlarge Name: USFD pairs multi-charts 30-5-2013 4-29-44 PM.png Size: 127 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,049
  • May 30, 2013 3:37am May 30, 2013 3:37am
Quoting emmanuel7788
Here is an example using AU H1: {image}
does,nt looks like testing broken TL?? (poolback)
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 35 KB
JacekPreserve Precious Capital
  • #20,050
  • May 30, 2013 3:44am May 30, 2013 3:44am
Quoting emmanuel7788
Compare the USD strength of AU,EU,GU,NU.UChf ... at the same time and see if market is pro-USD or anti-USD ... right now we se EU and GU more bullish, so can we sell AU now? and expect market to bring AU down... {image}
3 amigos doesn't like to be seperated.
at the moment EU isnt looking so hot yet. but me think GU is ready for 4h TF buy soon if prices stays like this.

EJ and GJ with current PA, may end up with a long wick that signals range trade. but of course market will decide at the close of hour

EDIT: and of course i have to type it out and jinx EJ and GJ =.=
Daniel
  • #20,051
  • May 30, 2013 3:56am May 30, 2013 3:56am
Quoting Greenb
{quote} 3 amigos doesn't like to be seperated.at the moment EU isnt looking so hot yet. but me think GU is ready for 4h TF buy soon if prices stays like this. EJ and GJ with current PA, may end up with a long wick that signals range trade. but of course market will decide at the close of hour EDIT: and of course i have to type it out and jinx EJ and GJ =.=

when the 3 amigos ride together , their cousins EURAUD and EURGBP go sideways ...

JPY pairs are sideway ...until next month.. 2 days away
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,052
  • May 30, 2013 3:59am May 30, 2013 3:59am
Question:

how many people here use multi-charts to monitor and compare currency pairs?

like what I show here....
Attached Image (click to enlarge)
Click to Enlarge Name: EUR pair multi-charts 30-5-2013 4-58-48 PM.png Size: 90 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,053
  • May 30, 2013 4:01am May 30, 2013 4:01am
TDI hook back,
Attached Image (click to enlarge)
Click to Enlarge Name: eu4h30-5-2013.gif Size: 51 KB
Daniel
  • #20,054
  • May 30, 2013 4:02am May 30, 2013 4:02am
Quoting emmanuel7788
Question: how many people here use multi-charts to monitor and compare currency pairs? like what I show here.... {image}
i have 4 charts displayed like yours all time EU GU at bottom and EJ GJ at the top
Daniel
  • #20,055
  • May 30, 2013 4:07am May 30, 2013 4:07am
Quoting Greenb
TDI hook back, {image}
hook back ? then bounce or cross-over ....

wait till each candle close to confirm the TDI signal.

there is tell-tale sign when to anticpate a bounce and a cross over ... something which Big E said before ....
learn PA using the APB and TDI
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,056
  • May 30, 2013 4:08am May 30, 2013 4:08am
This is what I see on GPBUSD H4. Double Bottom after Downtrend.

My plan is to Buy on retracement. What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
  • #20,057
  • May 30, 2013 4:10am May 30, 2013 4:10am
Quoting emmanuel7788
{quote} hook back ? then bounce or cross-over .... wait till each candle close to confirm the TDI signal. there is tell-tale sign when to anticpate a bounce and a cross over ... something which Big E said before ....learn PA using the APB and TDI
that was taken right after the new candle comes out actually.
Daniel
  • #20,058
  • May 30, 2013 4:11am May 30, 2013 4:11am
Maybe AUDUSD H4 is going for a double bottom too?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 34 KB
  • #20,059
  • May 30, 2013 4:16am May 30, 2013 4:16am
Quoting Greenb
{quote} that was taken right after the new candle comes out actually.
sorry, on closer look now, I see what you meant.....

I see you have the PAC on your chart too....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,060
  • May 30, 2013 4:17am May 30, 2013 4:17am
Quoting emmanuel7788
Question: how many people here use multi-charts to monitor and compare currency pairs? like what I show here.... {image}
I produce my own mini charts 14 pairs on one screen, so i can watch PA & SR and TDI at a glance and highlight a watch list for the evening (Oz time) Ive heard of multi-charts but never really looked into it, is it worth looking at?

btw, the Trade management EA is very good, thank you
By failing to prepare, you are preparing to fail - Benjamin Franklin
53 traders viewing now, 1 is registered:
kola.bear020