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Trading Made Simple

  • #22,401
  • Jul 25, 2013 12:16pm Jul 25, 2013 12:16pm
i hope am not late for this trade any observations and contribution?
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4 twentyfivejuly.png Size: 40 KB
i am the lord that giveth thee power to create wealth.
  • #22,402
  • Jul 25, 2013 12:37pm Jul 25, 2013 12:37pm
wow! few minutes later.. 23 pips up. this happened few minutes after my entry. i pray it holds to my TP
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Click to Enlarge Name: audusdh4 25 july.png Size: 32 KB
i am the lord that giveth thee power to create wealth.
  • #22,403
  • Jul 25, 2013 12:58pm Jul 25, 2013 12:58pm
Quoting fx light
wow! few minutes later.. 23 pips up. this happened few minutes after my entry. i pray it holds to my TP {image}

I have Reasonably strong resistance at 92260, expect a bounce.
  • #22,404
  • Jul 25, 2013 1:07pm Jul 25, 2013 1:07pm
Quoting fx light
wow! few minutes later.. 23 pips up. this happened few minutes after my entry. i pray it holds to my TP
fx light,

I don't know why I feel compelled to comment today, I think this is my 5th post in 4 years anyway, here goes...

If praying is going to help, no-one would lose and therefore no-one would win so lets take a look at why you should be more confident with your trade!

Attached Image (click to enlarge)
Click to Enlarge Name: 7-26-2013 1-51-17 AM.jpg Size: 109 KB


1. look at the low of the three white candles in the yellow box
2. look at the indecisive candle in the blue box
3. look at the weekly low
4. look at the first blue candle and TDI cross
5. look at the second blue candle and TDI cross

My reference to praying above is in no way meant to detract from your beliefs, however...

Lets conduct an experiment:

We both open EU-H4 chart, we both place a trade, you take a long, I take a short and we both pray for 12 hours that our trade is successful.

My question to you is, who will be successful and to what(whom) shall we attribute the success too?

Rgds
RM
  • #22,405
  • Jul 25, 2013 1:54pm Jul 25, 2013 1:54pm
Thank you Mr RM,
your analysis is superb, you know, i didn't even take all those pivot lines into consideration, i just took the trade with system Rules. i believe God Touched your heart to post today, since you haven't posted in 4 years. considering the experiment, if I succeed I believe it's the grace of God. if i fail, God wants me to learn more to succeed.
i am glad people like yourself and Emmanuel are responding to this thread, making it easy for newbies and self taught people like myself to develop confidence.

Also i would appreciate if you could attach the tool for plotting those HLpivots lines

Thanks
Best regards
i am the lord that giveth thee power to create wealth.
  • #22,406
  • Jul 25, 2013 2:27pm Jul 25, 2013 2:27pm
Quoting retireme
{quote} fx light, I don't know why I feel compelled to comment today, I think this is my 5th post in 4 years anyway, here goes... If praying is going to help, no-one would lose and therefore no-one would win so lets take a look at why you should be more confident with your trade! {image} 1. look at the low of the three white candles in the yellow box 2. look at the indecisive candle in the blue box 3. look at the weekly low 4. look at the first blue candle and TDI cross 5. look at the second blue candle and TDI cross My reference to praying above...

excellent post by retireme.

that first blue candle is a A+++ 4H trade setup candle, why?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,407
  • Jul 25, 2013 2:31pm Jul 25, 2013 2:31pm
Thanks for posting all this things. When you have time you could perhaps take a look at my 4 trades today: EG / EG / EU /GC
I think today was a good day for me to practice theoretic things.
I appreciate your help.

Regards,
FX94
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EG bad trade -- why.png Size: 40 KB
Click to Enlarge Name: EG news trade pullback.png Size: 40 KB
Click to Enlarge Name: EU LO Trade -10.png Size: 40 KB
Click to Enlarge Name: GC BE Trade.png Size: 35 KB
  • #22,408
  • Jul 25, 2013 2:49pm Jul 25, 2013 2:49pm
Quoting Fx94
Thanks for posting all this things. When you have time you could perhaps take a look at my 4 trades today: EG / EG / EU /GC I think today was a good day for me to practice theoretic things. I appreciate your help. Regards, FX94 {image} {image} {image} {image}

EURGBP ... slippage , that why your TP was not hit.

EURUSD ... trade what you see on your charts, never trade based on what you think. There was no H1 PA for sell at that candle.


GBPCHF ... that is what I call dead cat bounce.

I see you need to change the colours of your price bars.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,409
  • Jul 25, 2013 2:58pm Jul 25, 2013 2:58pm
Thank you for this fast response. But there appears more questions for me:

1) How can i avoid this slippages. As i understood in a german explanation slippages are unavoidable. Or asked in another way: How should i react in situations like this ?

2) The same thing here...how can i differentiate between "real bounces" and "dead bounces". How should i react in this situations ?

3) What colours do you suggest for me. I have the real chart in the foreground.
  • #22,410
  • Jul 25, 2013 3:11pm Jul 25, 2013 3:11pm
Quoting retireme
{quote} fx light, I don't know why I feel compelled to comment today, I think this is my 5th post in 4 years anyway, here goes... If praying is going to help, no-one would lose and therefore no-one would win so lets take a look at why you should be more confident with your trade! {image} 1. look at the low of the three white candles in the yellow box 2. look at the indecisive candle in the blue box 3. look at the weekly low 4. look at the first blue candle and TDI cross 5. look at the second blue candle and TDI cross My reference to praying above...
WoW!! my Take profit has been hit again. i took 60pips from that trade. 75 pips today. i pray everyday would be like this. A big thank you to RM and Emmanuel(that scripts is helping to keep profits). i couldn't have gotten this far without you guys. i dont mean to be greedy but is it proper to re-enter this long trade, since TDI is above red? God bless or should i take a break and get back in 4 hrs time?

best regards
fxlight
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4 tp hit.png Size: 31 KB
i am the lord that giveth thee power to create wealth.
  • #22,411
  • Jul 25, 2013 3:20pm Jul 25, 2013 3:20pm
Here is a nice GU 4H scalp opportunity ...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 25 Jul 4H scalp 26-7-2013 4-16-57 AM.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,412
  • Jul 25, 2013 7:01pm Jul 25, 2013 7:01pm
Currently Back-testing EUR/USD with the old Xman 4H S3 method (been reading up on this a lot lately and the thread seems to be dead).

Emmanuel / PHX - do you guys mind pointing out anything in particular to look out for when doing my analysis. I'm basing the entry & exits on within Xman's thread and taking detailed notes about my observations around entry & exit points to look for any reoccurring themes both on Wins & losses.


Quick snapshots of Results so far from Jan & Feb 2013 (*based on a 1$ per pip)


Total P/L*
901.60

Average candle run
10.44


Average Risk*
42.97

Average R Multiple
2.38
  • #22,413
  • Jul 25, 2013 8:22pm Jul 25, 2013 8:22pm
Good morning everybody! Well its morning from my side, a GMT +1 trader for that matter. You know it is amazing when you discover an individual hallowing good morning to you while you're just about to prepare for your dinner from your own side like I once said to Emmanuel. And come to think of it, this difference in time zone, location and hemisphere I should say is a constraint to us traders. You know while some are sleeping, some are waking up or preparing to observe their rest for the day. This by so doing, the market has never been left without traders to move the market with a considerable amount of financial instrument. This is good to hear about the market but cannot be considered altogether good when traders like us with daily speculation may have a bit trouble on this regard, that is by getting to know the right time to get a trading opportunity. Does this mean we should stay awake all the time so as to get a trading opportunity? I think the answer is no. Irrespective of the volume of the market, a trading opportunity abounds in every trading session depending on a trader's methodology and responsive approach to market. And as there are trading opportunities in every market session, so are chances of success depending on what kind of pattern galvanizes a trader to pull the trigger. Now the essence of all this is because a trader's mind and the wellness of his brain as well as the entire bodily system are his true asset while in the competitive market of currency trading. The brain, the nerve, and the blood are some of the vital components of the body making us function like a virtuoso during our daily activities. Should a trader fail to maintain the wellness of these bodily components, there will be difficulty to articulate to the culmination his trading skill and inability to coordinate accordingly. And so it behooves a trader to sleep very well before coming to the fierce and confusing market platform to speculate or to execute. A trader can create a strategic period of time to observe his rest by discovering the right time of trade to suit his methodology. stay blessed and have a wonderful day 5 trading.
  • #22,414
  • Jul 25, 2013 9:25pm Jul 25, 2013 9:25pm
Quoting fx light
Also i would appreciate if you could attach the tool for plotting those HLpivots lines...
You will find it here...

http://www.forexfactory.com/showthre...45#post6839445
  • #22,415
  • Jul 25, 2013 10:41pm Jul 25, 2013 10:41pm
Quoting retireme
{quote} You will find it here... http://www.forexfactory.com/showthre...45#post6839445
Thank You Mr RM.
hope you slept well.
i am the lord that giveth thee power to create wealth.
  • #22,416
  • Jul 25, 2013 10:48pm Jul 25, 2013 10:48pm
Hello traders, if your happen to stumble on this on time, there is something that may appeal to your interest at UJ 4H. SHOULDER AND HEAD PATTERN. HOPE YOU TRADE WELL!
  • #22,417
  • Jul 25, 2013 10:52pm Jul 25, 2013 10:52pm
what do you think about this setup on the daily GBY/JPY?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpydaily 26july.png Size: 38 KB
i am the lord that giveth thee power to create wealth.
  • #22,418
  • Jul 25, 2013 11:08pm Jul 25, 2013 11:08pm
Quoting fx light
what do you think about this setup on the daily GBY/JPY? {image}
You can still go short to make your guaranteed 30 pips, but make sure your sl. is set at 50 pips more than your entry price.
  • #22,419
  • Jul 25, 2013 11:12pm Jul 25, 2013 11:12pm
Quoting fx light
what do you think about this setup on the daily GBY/JPY? {image}
As far as I can tell you have missed the D1 entry by about ~150 pips

and the H4 by ~160 pips

fx light, do you understand this system, do you want to follow it, do you want to gamble, do you want to lose money?

Answer these questions for your own benefit and you will find the time to really study it and understand it, if not... there are many waiting to take your donation to forex.

Rgds
RM
  • #22,420
  • Jul 25, 2013 11:36pm Jul 25, 2013 11:36pm
Quoting retireme
{quote} As far as I can tell you have missed the D1 entry by about ~150 pips and the H4 by ~160 pips fx light, do you understand this system, do you want to follow it, do you want to gamble, do you want to lose money? Answer these questions for your own benefit and you will find the time to really study it and understand it, if not... there are many waiting to take your donation to forex. Rgds RM
Thank you RM,
i really enjoy reading your replies, you cant tell how helpful it is to my trading development.i wish to follow this system for rest of my forex life. is the D1 entry at they beginning of today's candle? though i saw they setup earlier, i was waiting for a close below the previous day candle. a sort of confirmation. i have studied this thread to the best of my understanding and made some profits. Maybe i am not understanding it well. what is the A+++?
i am the lord that giveth thee power to create wealth.
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