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Trading Made Simple

  • #20,381
  • Jun 9, 2013 9:51am Jun 9, 2013 9:51am
Quoting irishtoffy
Hey guys, Just checking my ADR indicator with you as I don't understand it. Is there something wrong with it? It says my previous days range in UY was 3575..surely that can't be right? Or is there supposed to be a decimal point in there somewhere? Cheers! Paul {image}
357.5 and yor chart is in april
Daniel
  • #20,382
  • Jun 9, 2013 10:53am Jun 9, 2013 10:53am
Quoting Greenb
{quote} 357.5 and yor chart is in april

That makes more sense!

Yes, Im doing some backtesting in April today thats why my charts are back then
  • #20,383
  • Jun 9, 2013 8:11pm Jun 9, 2013 8:11pm
Quoting irishtoffy
{quote} That makes more sense! Yes, Im doing some backtesting in April today thats why my charts are back then
when manually backtesting with market closed, there is no tick data and that indicator may not show the correct calculations.
try again today when market re-open and see what happens.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,384
  • Jun 9, 2013 8:40pm Jun 9, 2013 8:40pm
Quoting Fame of me
@ Emmanuell, i told you that i start to love the three powerful forex price pattern. Last week took this trade on GJ H1 {image} I have mark my signal, i identified it as a Bearish Harami, can you confirm this for me? Thanks.
4

http://www.forexfactory.com/attachment.php?attachmentid=1209862&stc=1&thumb=1&d=1370720441

yes, that is an Inside Bar IB or Harami (in Japanese).
wthat is more important is where the support and resistance is, and the candle after that IB will give you a 3-bar bearish pattern whici is a good setup for short when that occur at the resistance which can be seen on H4.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,385
  • Jun 9, 2013 10:10pm Jun 9, 2013 10:10pm
Quoting Fame of me
@ Emmanuell, i told you that i start to love the three powerful forex price pattern. Last week took this trade on GJ H1 {image} I have mark my signal, i identified it as a Bearish Harami, can you confirm this for me? Thanks.
What are those 3 Forex price pattern, looking for any info that might help in taking trade decisions
I Have Learned to Take Some Losses to Make Profits
  • #20,386
  • Jun 9, 2013 11:56pm Jun 9, 2013 11:56pm
EU and GU week 24:

With 7 Jun being narrow ranged and Inside Bar of 6 Jun, the potential for good trades is here this week. Pick the Day IB breakout and the weekly traded range.

With Sydney market closed here and also Shanghai market closed, Asian session was rather quiet.

Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,387
  • Jun 9, 2013 11:58pm Jun 9, 2013 11:58pm
Quoting TheScorpS
{quote} What are those 3 Forex price pattern, looking for any info that might help in taking trade decisions

3 power forex patterns ... click and download here in this same thread.

study and apply them to your H4 and D charts trading TMS 4H.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,388
  • Jun 10, 2013 12:05am Jun 10, 2013 12:05am
Quoting celeste
Hi boys, Today I am joining you on this thread. I will start live trading next week and I will try to contribute with new trading ideas, opinions, etc. I have about 3 years experience trading mainly small tf and I am changing my style to 1h, 4h and daily time frames. I have only read the first 50 pages or so and the last 10 but I intend to keep on reading a few more.
celeste,

Welcome!

With 3 years trading experience that would put you ahead of many people here. Save some time and read the pdf Best of Big E and that should help get started quickly you take time to read the rest of thie thread and catch up.
Just stick to the simplicity of the method and apply your own money management and trade management strategies.

Good Trading ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,389
  • Jun 10, 2013 12:33am Jun 10, 2013 12:33am
Quoting emmanuel7788
{quote} 3 power forex patterns ... click and download here in this same thread. study and apply them to your H4 and D charts trading TMS 4H.
Thanks Emanuel for the pdf, I will study it carefully, and try to include in back testing to get the best and most out of it
I Have Learned to Take Some Losses to Make Profits
  • #20,390
  • Jun 10, 2013 1:17am Jun 10, 2013 1:17am
I have some time restraints for a while yet but would like to join the activity.
Can someone tell me the best wat to post chart please.
Cheers
  • #20,391
  • Jun 10, 2013 1:44am Jun 10, 2013 1:44am
Quoting andygrope
I have some time restraints for a while yet but would like to join the activity. Can someone tell me the best wat to post chart please. Cheers
Hi andygrope,

here is how you can use the function to Upload charts with your post.
Make sure you have your charts done ready and saved to your PC harddisk.

regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: how to upload files to FF post.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,392
  • Jun 10, 2013 1:57am Jun 10, 2013 1:57am
Trade ideas for EU and GU week 24:

Can everyone post your H4 charts for these EU and GU pairs showing the Day Open High Low and Close of 6 Jun and 7 Jun. And also draw the Fibo-r from the low to high of week 23, i.e. last week.

You want to get a 4H swing trades using the Day Inside Bar, you must do the preparation work.

Then we can discuss here how to catch the IB Breakout as the market progress.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,393
  • Edited 3:45am Jun 10, 2013 2:41am | Edited 3:45am
Hi Emmanuel,
Great job on this thread

Have I done it right? Sorry about my fib levels.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 33 KB
.... laughing all the way to the bank
  • #20,394
  • Edited 3:36am Jun 10, 2013 2:59am | Edited 3:36am
Here's EU
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 33 KB
.... laughing all the way to the bank
  • #20,395
  • Jun 10, 2013 3:27am Jun 10, 2013 3:27am
Hi All,
As a newbie you may have to direct me a bit.
I uploaded (1st timethanks Emm) my 4h chart , having put the lines and fibs levels on the day chart.
1 Amazing how the highs/lows, open closes etc line up with the Fib levels.
2 this trade will be counter trend but wort a punt for the following reasons.
a the green is about to cross the red on the TDI
b the green is coming back through the blue on the tdi - overbought - one the Day Chart
c the IB is a setup.

I would enter just below the IB - 1.31770 say or with a brek through the 38.2 Fib Lavel
SL 1.32848 - above the IB
TP1 at the 50 Fib level - 1.3137
TP2 at the 61.8 Fib - 1.3092

Will be great to compare other results .
What I don't understand is why you used the weeks trading range as the range for the Fib. - obviously worked seeing as how it lines up with everything so well.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4x.png Size: 35 KB
  • #20,396
  • Jun 10, 2013 3:54am Jun 10, 2013 3:54am
Quoting andygrope
Hi All, As a newbie you may have to direct me a bit. I uploaded (1st timethanks Emm) my 4h chart , having put the lines and fibs levels on the day chart. 1 Amazing how the highs/lows, open closes etc line up with the Fib levels. 2 this trade will be counter trend but wort a punt for the following reasons. a the green is about to cross the red on the TDI b the green is coming back through the blue on the tdi - overbought - one the Day Chart c the IB is a setup. I would enter just below the IB - 1.31770 say or with a brek through the 38.2 Fib Lavel...
as newbie this look like it going up to 1.3223/1.3231 before it go down
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader - alpari uk.png1.png Size: 121 KB
  • #20,397
  • Jun 10, 2013 4:33am Jun 10, 2013 4:33am
Here's my EU, don't think it's right
Attached Image (click to enlarge)
Click to Enlarge Name: fibo.png Size: 88 KB
  • #20,398
  • Jun 10, 2013 4:38am Jun 10, 2013 4:38am
Quoting Blueman1887
Here's my EU, don't think it's right {image}


.... lol... it's like being in school. Let's wait for the teacher .....
.... laughing all the way to the bank
  • #20,399
  • Jun 10, 2013 4:59am Jun 10, 2013 4:59am
Quoting emmanuel7788
Trade ideas for EU and GU week 24: Can everyone post your H4 charts for these EU and GU pairs showing the Day Open High Low and Close of 6 Jun and 7 Jun. And also draw the Fibo-r from the low to high of week 23, i.e. last week. You want to get a 4H swing trades using the Day Inside Bar, you must do the preparation work. Then we can discuss here how to catch the IB Breakout as the market progress.

Hello Everyone,

Can I please ask a dumb question.
I am a MAC user so don;t know how to make a screen shot on a PC, which I am using here.
Does it save the image to the desktop like the Mac? so I can attach as per Emmanuel's request.


Thanks,
Rosemary
  • #20,400
  • Jun 10, 2013 5:09am Jun 10, 2013 5:09am
Hey Emmanuel,

Here is the EU charts you wanted to see...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 27 KB
Click to Enlarge Name: eurusdh1.png Size: 30 KB
Click to Enlarge Name: eurusdh4.png Size: 26 KB
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hassan65