Trading Made Simple

Quoting emmanuel7788

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{quote} 1) TIMING - always be mindful when market session open and close. When London open, 2 hour later Tokyo close. What do Tokyo traders do? most will exit, right? what happen when traders exits their trades? next thing is liquidity flows between markets - stock, futures,, options, forex,... 2) ATR - this had been discussed before on how to find the ATR. very simple - use the MT4 standard ATR provided. open a blank chart set to H4 TF, drop the ATR in a new sub-window on your chart. Set the period to 20 period, next drop a second ATR in the same...

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Quoting emmanuel7788

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{quote} evilmechy, I had to cut loss too with this H1 setup. you are correct that this H1 setup is countertrend so there is risk. The H1 setup was good with PA and TDi cross. the trade setup was very quickly invalidated at the second candle after Tokyo close. the risk was also the Prevd D Fib 50% and Weekly Pivot 0.9192 CONFLUENCE ...which held on pretty well as support for H4 trading. as I had mentioned, the 2 hours where the Tokyo session and London session overlaps is tricky and after Tokyo close, the London session will dictate the day' move....

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Quoting emmanuel7788

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{quote} Direwolf, I love to read post when traders report profitable trade results. As a matter of interest, how do you trade 12-hour chart in MT4? thanks for sharing you good results. regards, EMMANUEL

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Quoting mike1349

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{quote} Sorry for the late reply.busy with some family stuff. I see 0.470 for ATR(20) and 0.541 for ATR(100). what does these number mean? {image}

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Quoting TheScorpS

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{quote} Hi Emmanuel I need your help in this candle formation that somehow I think I have noticed happening over time but am confused as to where I can initiate a valid entry point , its about 2bar reversal I added notes on the charts , today I think we had a 2bar reversal signal on AUD/USD 1H chart at support , I'm not sure where should entry point is initiated , is it after 2bar reversal formation is finished and entry point is directly on the new hour candle or I must wait one more candle to change color and shows whose in control with a cross...

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Quoting Direwolf

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{quote} Hi Emmanuel. On currency pairs were mostly classic TDI crosses, some early, some mid candle, with TP/SL of 60. When the pips started to move really fast (maybe from news) I removed TP and set trailing stoploss to 40 pips. Mush too close for 12 hr chart (should be 80-120 pips) so lots of them hit SL while I was in bed. But I want to keep my first positive numbers so that's ok EJ still on going at 72 pips. TDI cross & candle change color {image} AU still on going at 62 pips. TDI cross. Everytime it went above EMA 15 it goes back down, I'm...

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Quoting emmanuel7788

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{quote} those numbers are the actual ATR indicator value at that intant....

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Quoting Erol

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Hi Emmanuel, looking over the charts for this week, did a brief MTFA on EUR/USD & USD/CAD & GBP/USD; do you think i'm missing anything (i.e. points to be focusing on when doing MTFA like this) Thanks, Erol **(i Have added USD/CAD & GBPUSD after the post - no worries if you don't get round to looking at them Emmanuel - just trying to gauge if i'm barking up the wrong tree or missing anything fundamentally important while conducting the MTFA)** {image} {image} {image}

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Quoting Direwolf

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{quote} Hi Emmanuel. On currency pairs were mostly classic TDI crosses, some early, some mid candle, with TP/SL of 60. When the this one seem to work out since the TDI also crossed back down a few hours later. I open short on the TDI cross down prior to this too, closed it when new candle changed color for a small loss of -12. {image}

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Quoting mike1349

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{quote} How you get H12 in MT4? Regards Mike

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Quoting emmanuel7788

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{quote} TheScorpS, on your APB chart, entry when candle 3 close is safe. ... less stressful when we use the APB. PA on chart above using normal japanese candlestick ... L - H, HL - HH... using candle 2 and 3 confirms.

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Quoting TheScorpS

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{quote} Thanks a lot and this is what I have noticed happening over time trading TMS

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Quoting mike1349

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{quote} Thanks would you say how do you translate these numbers to pip? How many pip is the average?

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Quoting eelfranz

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Those wanting more examples go to Forum: Commercial, then Craig Harris Stochastics Method... then start reading on page 246, post 3676 to the end... you will learn more fast... We switched from there to only discuss this method in the new forum...

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Quoting whaka

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{quote} I am going back and learning more about this system and looking at all of eelfranz's previous posts here and also the Best of BigE.pdf that is posted here as well. In post 336 he mentions looking at the Craig Harris Stochastics Method and starting on page 246 post 3676. But there is now only 225 pages in that thread. Where would the best place to start from in that forum, post 3676??

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Quoting WDays

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Hello to everybody Pardon my ignorance, but I'm still learning to spot patterns. I was wondering if this can be counted as a bearish engulfing candle setup, TDI is sort of confirming with a bearish sentiment on the hourly chart. Would anyone be so kind as to tell me if I'm dead wrong and seeing what I would like to see? Thank you. Also there's what I think is a pinbar on H4 + another cross of the TDI maybe confirming an eventual short setup? *edit*: scalp-wise, it seems it was correct. But London does tend to reverse any move during FF {image}

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Quoting Sicarius

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Waiting for a nice signal and ill be going long e/j.

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