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Trading Made Simple

  • #21,461
  • Jul 7, 2013 7:44pm Jul 7, 2013 7:44pm
This is how I look at EJ D1 chart and look for a CONTINUATION trade:

what if there is no retracement to the level you waited for?
Attached Image (click to enlarge)
Click to Enlarge Name: D1 chart 4H retracement entry8-7-2013 10-34-57 AM.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,462
  • Jul 7, 2013 7:55pm Jul 7, 2013 7:55pm
Quote:
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,463
  • Jul 7, 2013 7:57pm Jul 7, 2013 7:57pm
Quoting mike1349
You are a pro Emmanuel . I just adjust my chart with the standard setting and hopefully one I'll trade like you .But I fully understand what you mean. Lots of traders here trade with naked charts and they are successful. I adjusted my H4 chart and we'll be here with you guys from tommorow. Thanks Mike
there are 4 steps....
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,464
  • Jul 7, 2013 8:43pm Jul 7, 2013 8:43pm
Hello all.
I see a lot of good crosses on weekly charts, such as eur/nzd, nzd/jpy, gbp/cad, eur/cad, gbp/aud.
Opinions?
  • #21,465
  • Jul 7, 2013 11:04pm Jul 7, 2013 11:04pm
Quoting Sniper887
Hey There Just came across the EUR/AUD on my weekly analysis. I see some signs of weakness: - Higher upper wicks - Hanging man 2 weeks ago - TDI very overbought This could be a potential reversal point. The only thing i noticed is that the last 3 weeks still made higher lows. Whats your opinion on Have a great weekend Lukas {image}
EURAUD;
What I see is EA is in wide ranging consolidation and there are two historical S&R in the region now trading.
D1 chart is obvious if we place the PAC to see the consolidation and the narrowing triangle pattern.
We wait for the breakout into a trend and do not anticipate the move to be downward despite the TDI is in OB / 68 level. It can remain in the region above the W1 68 level should the wide range sideway continues.
Best to trade 4H swings till the next trending move. On H4, we can use the Prev W Fib levels and look for the price action around the Fib50% level and also the prev D and Prev W OHLC.

Trade Well!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD week 28 W1 view 8-7-2013 1-33-54 PM.png Size: 61 KB
Click to Enlarge Name: EURAUD week 28 D1 view 8-7-2013 1-47-32 PM.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,466
  • Jul 7, 2013 11:08pm Jul 7, 2013 11:08pm
EJ had a bearish engulfing setup,
did anyone scalp that?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4 BEEB scalping 8-7-2013 2-10-46 PM.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,467
  • Jul 7, 2013 11:24pm Jul 7, 2013 11:24pm
Someone PM and ask How to scalp a H4 candle?

well we discussed how to scalp in M5 and M15 using the PAC.
when you spotted that H4 BEEB, you must switch to M15 or M15 and scalp EJ.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,468
  • Jul 7, 2013 11:35pm Jul 7, 2013 11:35pm
H4 BEEB Closed.
M5 Scalping with PAC
Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4 scalp entry M5 8-7-2013 2-31-01 PM.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,469
  • Jul 7, 2013 11:38pm Jul 7, 2013 11:38pm
Quoting Jonh
Hello all. I see a lot of good crosses on weekly charts, such as eur/nzd, nzd/jpy, gbp/cad, eur/cad, gbp/aud. Opinions?

Weekly TDI crosses ... how to get a market entry with a 2 % risk and a good position size?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,470
  • Jul 8, 2013 12:29am Jul 8, 2013 12:29am
Quoting emmanuel7788
{quote} Weekly TDI crosses ... how to get a market entry with a 2 % risk and a good position size?
Start looking for entry on D1 and H4 in the same direction?
Also, H1 EUR/USD and USD/CHF looking good.
  • #21,471
  • Jul 8, 2013 12:40am Jul 8, 2013 12:40am
Could anyone please take a look at my post 21,441?

Regards

Adam
  • #21,472
  • Jul 8, 2013 1:04am Jul 8, 2013 1:04am
Quoting adamjhdavis
Could anyone please take a look at my post 21,441? Regards Adam

I see a good TMS 4H trade entry...
- TDI cross
- APB changed colour
- Stoch confirmed.
- S&R recent week toppisch with historical S&R from MN.
- previous week swing between two historical S&R

two things you can do:

1) go back and mark all the past month's NFP candles and study how the market reacted at each of the previous NFP. What do you learn trading higher TF and market knee jerk reaction to key data release?

2) NU is in consolidation for 2 weeks, there is potential for the next big move. You job is to pick the direction.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,473
  • Jul 8, 2013 1:35am Jul 8, 2013 1:35am
hello emmanuel, do you ha eur / jpy has closed the 4h candle?
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  • #21,474
  • Jul 8, 2013 2:14am Jul 8, 2013 2:14am
EUR/USD HA 4h because apb change color and tdi cross up and IB

by cons stop constrict as primary trade is bearish
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  • #21,475
  • Jul 8, 2013 2:14am Jul 8, 2013 2:14am
Hi all,
Trade I took on H4 eurusd

Cheers
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  • #21,476
  • Jul 8, 2013 2:24am Jul 8, 2013 2:24am
Any advice appreciated

Two trades, both on eur.jpy

First trade taken on rbeakout of daily low. Price formed pullback candle and retraced back. -10 pips
Second trade taken after pullback candle formation at daily Low. exited trade at Sunday high.
Attached Image (click to enlarge)
Click to Enlarge Name: jul 8 eur.jpy.h1 trade.png Size: 49 KB
  • #21,477
  • Jul 8, 2013 2:25am Jul 8, 2013 2:25am
Quoting thomi
hello emmanuel, do you ha eur / jpy has closed the 4h candle? {image}
what is your question?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,478
  • Jul 8, 2013 2:53am Jul 8, 2013 2:53am
Quoting Rockhound
Hi all, Trade I took on H4 eurusd Cheers {image}

Hi Rockhound,

WELCOME!
Your first post and a good looking trade you got in nicely.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,479
  • Jul 8, 2013 2:54am Jul 8, 2013 2:54am
my question is: is this a good start and have you took this trade?
and how will you manage this position.
what targets and stop

I enormously like your approach of trading and I learned from you
  • #21,480
  • Jul 8, 2013 3:18am Jul 8, 2013 3:18am
Trade was taken at LO. After I saw a pin bar at FO around fib level,I was looking for a signal at LO open. LO candle did go down a bit but couldn't broke the low of the pin bar and create a HL so I entered after price broke above the high of the pin bar even though there was no cross of the TDI. TP around Resistance area.
Attached Image (click to enlarge)
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