Trading Made Simple | Page 1077 | 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

  • #21,521
  • Jul 9, 2013 3:54am Jul 9, 2013 3:54am
Quoting tenmilewalk
{quote} I think you misunderstood me emmanuel. I was actually referring to the previous three candles you were pointing during the asian session. But it is good that you think that those three candles were good entries as well.
yes, there was a H4 pin bar during ToK which was a setup entry
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,522
  • Jul 9, 2013 4:00am Jul 9, 2013 4:00am
Quoting emmanuel7788
{quote} yes, there was a H4 pin bar during ToK which was a setup entry

Hi Emmanuel, just wondering are you just about to have a 4hr bar open? I am in GMT +10 (Sydney) just wondering if our brokers 4hr candles are the same times?
  • #21,523
  • Jul 9, 2013 4:03am Jul 9, 2013 4:03am
AU week 28 4H setup 9 Jul:

here is an example of 4H setup and using this setup Pin Bar you can switch down to H1 chart and look for an entry.


Note the TDi goes flat and bend over, but why do you want to close your trade when that happens? Just scale out you trades instead of closing your trade and look for another entry which don't come easy.
Attached Image (click to enlarge)
Click to Enlarge Name: AU week 28 H4 setup 9 Jul 9-7-2013 4-56-19 PM.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,524
  • Jul 9, 2013 4:08am Jul 9, 2013 4:08am
Quoting JayS45
{quote} Hi Emmanuel, just wondering are you just about to have a 4hr bar open? I am in GMT +10 (Sydney) just wondering if our brokers 4hr candles are the same times?
I use both IBFX AU and GFT AU (non-MT4) both use GMT+00 server time so I always see a Sunday candle. I can trade with that Sunday candle.
My H4 candle start with Tokyon open.

which broker data do you use for analysis and trade planning? that is more important.

we can trade live with any other broker and that deos not matter what server time their data because we trade the market price and they are all about the same given some brokers have dealing desks and some don't.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,525
  • Jul 9, 2013 5:48am Jul 9, 2013 5:48am
GBPNZD 4H trade 9 July.

counting on the stronger Kiwi and following the W1 bias with TDI cross down.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD week 28 4H trade 9-7-2013 6-43-11 PM.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,526
  • Jul 9, 2013 6:05am Jul 9, 2013 6:05am
I use both IBFX AU and GFT AU (non-MT4) both use GMT+00 server time so I always see a Sunday candle. I can trade with that Sunday candle. My H4 candle start with Tokyon open. which broker data do you use for analysis and trade planning? that is more important. we can trade live with any other broker and that deos not matter what server time their data because we trade the market price and they are all about the same given some brokers have dealing desks and some don't.

Emmanuel I use Go Markets Australia. Their 4hr candles are an hour after yrs. I see what yr saying about market price though. Just having trouble getting in on some trades. Do you check the markets every 4 hours? Maybe I need to get serious & do that.
  • #21,527
  • Jul 9, 2013 6:29am Jul 9, 2013 6:29am
Quoting JayS45
I use both IBFX AU and GFT AU (non-MT4) both use GMT+00 server time so I always see a Sunday candle. I can trade with that Sunday candle. My H4 candle start with Tokyon open. which broker data do you use for analysis and trade planning? that is more important. we can trade live with any other broker and that deos not matter what server time their data because we trade the market price and they are all about the same given some brokers have dealing desks and some don't. Emmanuel I use Go Markets Australia. Their 4hr candles are an hour after yrs....

Yes, I do check my charts every 4-hour. But with more experience and having done a trade plan, you will know when to expect to a setup during different market sessions. Most trade setups are good during the London sessions, but for AUD and NZD, they can occur during the Asian session due to news and data releases. Today for example is news coming out of China, that move the AUD and NZD.

You can also trade the D1 chart and look for retracement of the previoud D1 candle for 4H and H1 entry.

Please post your broker GoMarket H4 charts H4 t. I can use that to explain how candletsick pattern are used for setup entry. A Pin Bar on my GMT+0 chart can be different on your chart, but it can show up as Engulfing candle or a Piercing candle on your GMT+1 chart which is also a good setup candle.

Not sure if GoMarkets offer SMS alerts service when you set alert at certain chart conditions. This is useful to alert you to check your charts.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,528
  • Jul 9, 2013 6:32am Jul 9, 2013 6:32am
Anyone took the NZDUSD trade today?

or any NZD pair?

learn to hold your trades for maximum run.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,529
  • Jul 9, 2013 6:44am Jul 9, 2013 6:44am
GBPAUD Week 28 4H trade:
This trade has very good potential for a new down trend on the Weekly chart TF.
4 weeks consolidation with a Pop Gun show up and TDI cross down.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week 28 4H trade 9-7-2013 7-37-13 PM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,530
  • Jul 9, 2013 6:50am Jul 9, 2013 6:50am
Quoting emmanuel7788
{quote} Yes, I do check my charts every 4-hour. But with more experience and having done a trade plan, you will know when to expect to a setup during different market sessions. Most trade setups are good during the London sessions, but for AUD and NZD, they can occur during the Asian session due to news and data releases. Today for example is news coming out of China, that move the AUD and NZD. You can also trade the D1 chart and look for retracement of the previoud D1 candle for 4H and H1 entry. Please post your broker GoMarket H4 charts H4 t....
Emmanuel, here are a few of my 4 hr charts. I started on 1hr charts but after reading back through the thread & not knowing alot about PA i switched to 4hr. Thanks for having a look for me. I am getting there slowly. Going for looking at daily candle for direction.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 103 KB
Click to Enlarge Name: eurusdh4.png Size: 91 KB
  • #21,531
  • Jul 9, 2013 7:37am Jul 9, 2013 7:37am
Quoting JayS45
{quote} Emmanuel, here are a few of my 4 hr charts. I started on 1hr charts but after reading back through the thread & not knowing alot about PA i switched to 4hr. Thanks for having a look for me. I am getting there slowly. Going for looking at daily candle for direction. {image} {image}
Hi JayS45,
I see you have GMT+3 as broker server time so the H4 candle may be different from mine GMT+0.
It is not a problem as we may see different H4 candlestick patterns.
You stick to the H4 TDi and APB/HA for entry and that will work.
The Weekly and Daily bias is important to pick good potential 4H swing trades. The entry timing is very important in every case.
Let's post our charts every time wee see a setup and we can compare our charts to see what the candlstick patterns difference will be like and how that will impact our trading.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,532
  • Jul 9, 2013 7:55am Jul 9, 2013 7:55am
Quoting emmanuel7788
{quote} Hi JayS45, I see you have GMT+3 as broker server time so the H4 candle may be different from mine GMT+0. It is not a problem as we may see different H4 candlestick patterns. You stick to the H4 TDi and APB/HA for entry and that will work. The Weekly and Daily bias is important to pick good potential 4H swing trades. The entry timing is very important in every case. Let's post our charts every time wee see a setup and we can compare our charts to see what the candlstick patterns difference will be like and how that will impact our trading....
Ok that sounds great. Ill start checking every 4 hours & set up my work comp to do throuout the day too. Might take a day to do. Thanks for the help. My next 4 hr candle coming in 5 mins. Ill start from then. Thanks again Emmanuel.
  • #21,533
  • Jul 9, 2013 8:11am Jul 9, 2013 8:11am
One trade today GU H1......traded this pair based on scheduled GBP news announcements following London Open.....waited for price to break below the LO candle (which set the high of the session).....TDI cross confirmed.......moved TP once.....TP hit....done for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.7.9 gu h1.png Size: 45 KB
  • #21,534
  • Jul 9, 2013 9:22am Jul 9, 2013 9:22am
Quoting emmanuel7788
Anyone took the NZDUSD trade today? or any NZD pair? learn to hold your trades for maximum run.
I am watching the 4 hour nzdusd to see if it reverses on that res line looking for a short on the TDI, the 1 hour is hooking over at the minute so I will wait and see.
  • #21,535
  • Jul 9, 2013 9:29am Jul 9, 2013 9:29am
Quoting Phx62
One trade today GU H1......traded this pair based on scheduled GBP news announcements following London Open.....waited for price to break below the LO candle (which set the high of the session).....TDI cross confirmed.......moved TP once.....TP hit....done for the day. {image}
Another big trade Phx62,congrats. I wonder if you are trying to trade the news now or you are always have a set of rule to trade the news since the beginning? Or maybe when the big impact news was announced you would trade in the direction and momentum of the market?
  • #21,536
  • Jul 9, 2013 9:37am Jul 9, 2013 9:37am
1 trade on EU today,entry at the fourth candle of London session after LO pull back candle and green crossed red and crossed yellow. I entered when the next candle clear the low of the previous candle. The trade was going nowhere after 4 hours so I was thinking about closing the trade with a little profit. But with the help of US news,it keeps dropping crazy and reach my TP. Should have manage a trade closely and take a bit more profit but maybe my mental state still can't handle it when price keep moving up and down.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmicroh1.png Size: 62 KB
  • #21,537
  • Jul 9, 2013 9:53am Jul 9, 2013 9:53am
Quoting frenetic
{quote} Another big trade Phx62,congrats. I wonder if you are trying to trade the news now or you are always have a set of rule to trade the news since the beginning? Or maybe when the big impact news was announced you would trade in the direction and momentum of the market?
I do not trade the news announcements themselves....in fact, if I am in a trade before high impact news, I will lock in profit or exit the trade to avoid being stopped out....when the market gives me an entry 10 to 30 minutes following the news announcement (and there is no other high impact news event coming), I will enter the market. In this case, I actually entered the market about 30 minutes after the news announcement, once that candle broke the low of the LO candle.

frentic,
RE: your EU trade today....a very nice trade....the TMS entry would have been the open of the second red candle which was confirmed by the TDI cross.....that would have given you a few more pips......still a nice trade......
  • #21,538
  • Jul 9, 2013 10:20am Jul 9, 2013 10:20am
Would one of you be so kind as to post a link to the full TDI indicator ie blue lines (Boll Bands?) & the yellow (RSI?) I even looked in Deam Malone's CompassFX & couldn't find it. Or if I'm right regarding what the blue & yellow lines are then give me the settings. Thanks so much, p.
  • #21,539
  • Jul 9, 2013 10:32am Jul 9, 2013 10:32am
Quoting piprac
Would one of you be so kind as to post a link to the full TDI indicator ie blue lines (Boll Bands?) & the yellow (RSI?) I even looked in Deam Malone's CompassFX & couldn't find it. Or if I'm right regarding what the blue & yellow lines are then give me the settings. Thanks so much, p.
piprac,

Just reset all setting as default..

http://www.forexfactory.com/showthre...27#post6681627
  • #21,540
  • Jul 9, 2013 10:34am Jul 9, 2013 10:34am
Ej H4 inside bar break out.waiting for retrace to enter Short.
Attached Image (click to enlarge)
Click to Enlarge Name: test.png Size: 27 KB
Failure, is a wonderful teacher!
32 traders viewing now, 3 are registered:
Adventure01
,
pauljred
,
menaldo81