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Trading Made Simple

  • #20,201
  • Jun 3, 2013 5:20am Jun 3, 2013 5:20am
Quoting emmanuel7788
{quote} Hi rosiew, the difference may be due to different close pirces whcih Iuse to draw those S&R lines. I use ibfx au and theu have server time GMT+0. Let me know whcih broker data and server time you use. Here is a small explantion how to draw Fib retracement on any ttrading platform. See pic below. Note for TMS 4H trading, I use manily the Prev Week Fibo -r and those additon levels mentioned as my S&R. Works great when we look for price behaviour at CONFLUENCE of Support and Resistance. Then everything else TMS comes into play with TDI, APB/HA...

Hi Emmanuel,

Thanks for this, now I can put in the Fib levels
My broker is FXCM, I will have to ask the server time.

Regards,
Rosemary
  • #20,202
  • Jun 3, 2013 5:35am Jun 3, 2013 5:35am
Quoting rosiew7
{quote} Hi Emmanuel, Thanks for this, now I can put in the Fib levels My broker is FXCM, I will have to ask the server time. Regards, Rosemary

Rosiew 7, You can see your server time when you open the Market Watch window.
Attached Image
  • #20,203
  • Jun 3, 2013 5:47am Jun 3, 2013 5:47am
Quoting Pipsmurfer
{quote} Rosiew 7, You can see your server time when you open the Market Watch window. {image}
I was just saving a similar image lol. Rosie if it helps it is 11.46 am in UK right now. Can get confusing when they move the hour back and forwards.
  • #20,204
  • Jun 3, 2013 5:52am Jun 3, 2013 5:52am
I want to learn more, this thread is very interesting.
  • #20,205
  • Jun 3, 2013 5:53am Jun 3, 2013 5:53am
How do I receive updates from this thread?
  • #20,206
  • Jun 3, 2013 5:56am Jun 3, 2013 5:56am
Quoting G.Grillz
hi guys and good morning i hv very simple question here which wated few hourss of time. i was going thru week planning which i started from monthly charts , quite similar to what emmanuel7788 was talking about , anyway i put so many S&R lines on monthly ,weekly and dailty using line charts and candlesticks so finally when i switched to my TMS templete I LOST EVERYTHING usually i do it on same temp bt i wanted to utilize line and candlesticks since for now im trading single pair
I noticed same situation, making OHLC levels on my MN, swicthng to other time frame lost all S/R lines,
I am using !XPS v8 PROFIT indicator, when I took it away ,no more problems with desapearing S/R lines ...
, ...
JacekPreserve Precious Capital
  • #20,207
  • Jun 3, 2013 5:58am Jun 3, 2013 5:58am
I for one am waiting for the TDI cross in G/U

Here's the chart : http://www.mql5.com/en/charts/354107...ational?bind=1

A short with TP to the big 1.5200 level , possibly to the ascending trendline sounds good, with a tight stop since it's kind of again the h1 trend, but in the direction of the daily trend...

My 2 cents.
  • #20,208
  • Jun 3, 2013 6:19am Jun 3, 2013 6:19am
Quoting Pipsmurfer
{quote} Rosiew 7, You can see your server time when you open the Market Watch window. {image}

very good Pipsmurfer.

FXCM server time is GMT+0, so you see the Sunday NY candle.

London is GMT+1 now until the next DST changeover...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,209
  • Jun 3, 2013 6:23am Jun 3, 2013 6:23am
Quoting mumuy
How do I receive updates from this thread?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 172 KB
JacekPreserve Precious Capital
  • #20,210
  • Jun 3, 2013 6:26am Jun 3, 2013 6:26am
Quoting Jackub
{quote} I noticed same situation, making OHLC levels on my MN, swicthng to other time frame lost all S/R lines, I am using !XPS v8 PROFIT indicator, when I took it away ,no more problems with desapearing S/R lines ... , ...

some poorly coded indicators / scripts uses delete all objects in their codes and caused such problem....

if you have the mq4 file, I can fix that for you...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,211
  • Jun 3, 2013 6:34am Jun 3, 2013 6:34am
Quoting emmanuel7788
{quote} some poorly coded indicators / scripts uses delete all objects in their codes and caused such problem.... if you have the mq4 file, I can fix that for you...
It explains situation Emmanuel.... ,
but I decided not to use this indi, in fact it is only kind of whistle , really don't need it , but thank you for help offered....
JacekPreserve Precious Capital
  • #20,212
  • Jun 3, 2013 6:36am Jun 3, 2013 6:36am
GU 3 Jun H1 Trade:

Price pullback from Prev D Fib 127%.
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 23 H1 3 Jun trade 3-6-2013 7-31-57 PM.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,213
  • Jun 3, 2013 6:55am Jun 3, 2013 6:55am
Quoting emmanuel7788
GU 3 Jun H1 Trade: Price pullback from Prev D Fib 127%. {image}
This is a speaking example of what to do and where I'm in doubt: H4 trend is up, D1 trend is up. But when i'm in doubt I don't trade. So this is not for me.
  • #20,214
  • Jun 3, 2013 7:47am Jun 3, 2013 7:47am
Quoting Pipsmurfer
{quote} This is a speaking example of what to do and where I'm in doubt: H4 trend is up, D1 trend is up. But when i'm in doubt I don't trade. So this is not for me.
Yes, you have indentified the risk of this H1 setup and the risk in trading against the H4 and D trend.
Perhaps my initial SL should be placed above the last swing high H4 pin bar instead of using 1.5 x ATR(10) H1.

Let market decide this one.

regards
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,215
  • Jun 3, 2013 8:05am Jun 3, 2013 8:05am
Here is Big Picture of GU H4.
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 23 H4 View PB 3-6-2013 9-01-31 PM.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,216
  • Jun 3, 2013 8:48am Jun 3, 2013 8:48am
Hi,

Hope everyone here had a good weekend!

Looking at shorting AU on close of this set up candle. Is anyone else seeing this?

Seems to be a pin bar for previous candle, and was nearing prev D high, so possibly finishing a swing high?

Paul
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 31 KB
  • #20,217
  • Jun 3, 2013 8:59am Jun 3, 2013 8:59am
Quoting Amirsaid
{quote} yes if I i use for scalping 15 to decide and 5 minutes to confirm but with the picture of 1 hr the most imprtant the tren on 15 min and HA AP COLOR JUST FOR CATCH SOME PIP 8-12 WITH TRILING STOP 5 SALUDOS

hi MANUEL HAVE A GOOD WEEK AND THANKS FOR SHARING YOU ANALYSE WITH US LAST WEEK YOU ASKED ABOUT SCALPING AND POST HERE

  1. Post# 20,100

  2. and i answered you here http://www.forexfactory.com/showthre...02#post6719002



  • #20,218
  • Jun 3, 2013 9:11am Jun 3, 2013 9:11am
Quoting emmanuel7788
Hi Everyone, Here is something for your weekend reading: But remember priority is still time for your spouse/partner, children, friends and neighbours, .... trading is best kept after this order. Enjoy! {image}
Thank you, Emmanuel for this doccument. I see it realy hepful, especially the case studies.
I think it costs you no less than 400USD BUT your helping spirit is worth more than a million USD.
Keep it up my friend. You are the gentleman.

God bless you and your family.
Accept as it is being!
  • #20,219
  • Jun 3, 2013 10:02am Jun 3, 2013 10:02am
I seem to be making a series of noobie mistakes!

Have been trying to trade 1H, using mainly PASR. But today I didn't check what time ISM Manufacturing was coming out, and placed a trade 5 minutes before. Not a good idea!

Very much an up and down learning process
  • #20,220
  • Jun 3, 2013 10:54am Jun 3, 2013 10:54am
thanks emmanuel7788 for your ur feed back , also can anybody tell me why are we using period separator in this system, which only gives broker times ??

just was checking previous charts and i was wondering its existence . btw i mean (ctrl + y).


although this system is quite easy an straight forward but if you are a noob you should know that basic forex things will take from you awhile b4 you can say this method is easy, for me i have been studing japanese candlesticks b4 i came here one year ago and sometimes i really have to go back for it once in awhile

somehow i was wondering these are HA candles so why are we using candlesticks terms or patters
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