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Trading Made Simple

  • #20,881
  • Jun 20, 2013 4:35am Jun 20, 2013 4:35am
EJ 20 Jun:

There was nice H4 Inside Bart setup, hope many of you caught that one ...worth 100 pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,882
  • Jun 20, 2013 4:41am Jun 20, 2013 4:41am
i want to ask about is this what we call a pullback reversal candle pattern??

http://www5.picturepush.com/photo/a/...g/13363873.jpg

however, i set the TP too far away it went back and hit me with a SL -2.1 pips (forgot to add the spread..........ARRRR)

anyway I wnat to know am I reading the PA correctly.
  • #20,883
  • Jun 20, 2013 4:43am Jun 20, 2013 4:43am
EJ week 25 trade update:

Closed 2 pos with good pips. Keeping one open pos to let that run.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 25 4H trade update 20-6-2013 5-39-18 PM.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,884
  • Jun 20, 2013 4:46am Jun 20, 2013 4:46am
Quoting emmanuel7788
{quote} all the movements are a cause of fear and greed .... can you trade with fear and greed?
I want to trade with success. whatever it take I will do it.
as long as I can become a guy like you , Phx62 and other successful traders.
  • #20,885
  • Jun 20, 2013 4:48am Jun 20, 2013 4:48am
Quoting huglau
i want to ask about is this what we call a pullback reversal candle pattern?? {image} however, i set the TP too far away it went back and hit me with a SL -2.1 pips (forgot to add the spread..........ARRRR) anyway I wnat to know am I reading the PA correctly.

if that pattern appear on H4 I will take the short, But on M15 ... just profit taking for some traders ...hence price puulback at that particular hour GMT0800... the primary trend is UP UP UP not so easy for revesral

but if you are scalping on M15, that 3-bar pattern can give you some pips on EJ ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,886
  • Jun 20, 2013 4:52am Jun 20, 2013 4:52am
Quoting huglau
{quote} I want to trade with success. whatever it take I will do it. as long as I can become a guy like you , Phx62 and other successful traders.

you cannot be like me or anyone else herev in FF ..
..................................................................... learn and practice ,practice, practice ...

........................................................................................................................... then you become yourself 'huglau the trader'.

Read attached ...Rule#7
Attached File(s)
File Type: pdf Doug Zalessky 25 points Mantra.pdf   122 KB | 754 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,887
  • Jun 20, 2013 4:54am Jun 20, 2013 4:54am
Quoting Phx62
Two trades this morning, both at London Open on the EJ H1 and the AU H1. Both are continuation trades from yesterdays big FOMC moves, entered on a break of the previous candle. Done for the day. {image}{image}
Very nice trades Phx62
Trade what you see .
  • #20,888
  • Jun 20, 2013 5:11am Jun 20, 2013 5:11am
Quoting emmanuel7788
{quote} if that pattern appear on H4 I will take the short, But on M15 ... just profit taking for some traders ...hence price puulback at that particular hour GMT0800... the primary trend is UP UP UP not so easy for revesral but if you are scalping on M15, that 3-bar pattern can give you some pips on EJ ...
Learned

and thanks for the PDF

huglau
  • #20,889
  • Jun 20, 2013 5:47am Jun 20, 2013 5:47am
Entered long after PA found support drawn from daily and break above 4H resistance and round number 128.500 , exited the trade with 51+ pips
Attached Image (click to enlarge)
Click to Enlarge Name: 6-20-2013 1-26-32 PM_Winner.jpg Size: 163 KB
I Have Learned to Take Some Losses to Make Profits
  • #20,890
  • Jun 20, 2013 6:43am Jun 20, 2013 6:43am
Hi All,

I love this thread and the contributions so far. I thought using this system with along with renko chart can produce lovely pips. See the attached chart, SEFC084 And snake force indicators is to determine the exit point.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.png Size: 141 KB
  • #20,891
  • Jun 20, 2013 7:08am Jun 20, 2013 7:08am
Quoting nhilkiah
Hi All, I love this thread and the contributions so far. I thought using this system with along with renko chart can produce lovely pips. See the attached chart, SEFC084 And snake force indicators is to determine the exit point. {image}
Could you post the Indicator for Snake Force please? You can PM if better, as I think this is not strictly TMS so maybe not on the forum

Thanks

Paul
  • #20,892
  • Jun 20, 2013 7:10am Jun 20, 2013 7:10am
Quoting emmanuel7788
{quote} your ADR show AVE 0145 pips, taki g 60% of that is 87 pips from your entry hour. But if you place you initial SL above the previous D high since you are following the Day Bias to trade, that would be safe. {image}
Hi Emmanuel,
Thanks for helping & showing me that example. I have seen that tool that you used there for SL & Profit levels as I've been going through the posts on this thread that might help me as well. Thanks again. Ill keep posting and hopefully contribute too.
  • #20,893
  • Jun 20, 2013 7:25am Jun 20, 2013 7:25am
Quoting nhilkiah
Hi All, I love this thread and the contributions so far. I thought using this system with along with renko chart can produce lovely pips. See the attached chart, SEFC084 And snake force indicators is to determine the exit point. {image}

SEFC084 and Snake force ... both very nice looking in history charts... No Thanks!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,894
  • Jun 20, 2013 7:30am Jun 20, 2013 7:30am
Quoting TheScorpS
Entered long after PA found support drawn from daily and break above 4H resistance and round number 128.500 , exited the trade with 51+ pips {image}

Hi TheScorpS,

nice trade but why did you enter inside H1? Dont you think there could be 2 better settings?
1.) wait for bounce from EMA (yellow arrow)
2.) entry after H1 close above 128.50
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_20_jun_2013.png Size: 50 KB
  • #20,895
  • Jun 20, 2013 7:35am Jun 20, 2013 7:35am
Quoting irishtoffy
{quote} Could you post the Indicator for Snake Force please? You can PM if better, as I think this is not strictly TMS so maybe not on the forum Thanks Paul
Hi Paul,

Attached is the indicator.

Hilkiah
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 2.png Size: 151 KB
Attached File(s)
File Type: ex4 SnakeForce.ex4   7 KB | 492 downloads
  • #20,896
  • Jun 20, 2013 7:52am Jun 20, 2013 7:52am
Quoting nhilkiah
{quote} Hi Paul, Attached is the indicator. Hilkiah {file} {image}
Could you share that Red and Blue squares indicator? Are you using MT5 ? I see M2 charts...
All my trades are in demo, dont do these things at home without permission!
  • #20,897
  • Jun 20, 2013 8:18am Jun 20, 2013 8:18am
Quoting nhilkiah
Hi All, I love this thread and the contributions so far. I thought using this system with along with renko chart can produce lovely pips. See the attached chart, SEFC084 And snake force indicators is to determine the exit point. {image}
I know I am not as successful as emmanuel or Phx yet but I must say: your chart is a bit messy. 1 year ago,I was like you too. Always think that more indicators are better,that I can find the Holy Grail. But reality just hit me in the face. The downside of having so many indicators is you will see yourself in the situation when half of your indicators will yell "Buy" while the others half will yell "Sell". You don't know what to do in these kind of situation.
Indicator uses historical data so you just can't predict the future better if you have more indicators. PA,S&R,... are more important. And fundamental analysis,like emmanuel once said to me.
Just my thought though. Because you are the one who take responsibility,you are the one who manage your trading career.
Good luck,
  • #20,898
  • Jun 20, 2013 8:27am Jun 20, 2013 8:27am
Quoting o0AxeL0o
{quote} Could you share that Red and Blue squares indicator? Are you using MT5 ? I see M2 charts...
Google "SEFC PALATO" and you will find his stuff online.

or you can study and try one of his system here:

http://www.forexstrategiesresources....m-sefc-palato/

tried that before, works when you know what is Market Entry and EXits Management.

Have Fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,899
  • Jun 20, 2013 8:50am Jun 20, 2013 8:50am
Quoting emmanuel7788
{quote} Google "SEFC PALATO" and you will find his stuff online. or you can study and try one of his system here: http://www.forexstrategiesresources....m-sefc-palato/ tried that before, works when you know what is Market Entry and EXits Management. Have Fun.
Thanks, i dont believe in that things but i wanna discard them testing Bye!
All my trades are in demo, dont do these things at home without permission!
  • #20,900
  • Jun 20, 2013 8:55am Jun 20, 2013 8:55am
Quoting frenetic
{quote} I know I am not as successful as emmanuel or Phx yet but I must say: your chart is a bit messy. 1 year ago,I was like you too. Always think that more indicators are better,that I can find the Holy Grail. But reality just hit me in the face. The downside of having so many indicators is you will see yourself in the situation when half of your indicators will yell "Buy" while the others half will yell "Sell". You don't know what to do in these kind of situation. Indicator uses historical data so you just can't predict the future better...
To learn and achieve positively is why we are here. What you know is good for us than my own present thought, bring it out. I want to make +pips. For those who needed the square indicator, see the attached
Attached File(s)
File Type: ex4 SEFC084.ex4   5 KB | 496 downloads
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