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Trading Made Simple

  • #22,801
  • Aug 6, 2013 4:00am Aug 6, 2013 4:00am
Quoting tenmilewalk
{quote} hello adam, do you mean this? {image}
yes tenmilewalk but on the chart you go from the two highs, this shows a continuation of the down trend I think.
  • #22,802
  • Aug 6, 2013 4:04am Aug 6, 2013 4:04am
Quoting tenmilewalk
{quote} hello adam, do you mean this? {image}

like this, read this for more info http://www.babypips.com/school/diver...eat-sheet.html

http://charts.mql5.com/2/208/eurjpys...ad-trading.png
  • #22,803
  • Aug 6, 2013 4:10am Aug 6, 2013 4:10am
Quoting heispark
EU looks interesting today......
Buy Stop triggered at 1.32710. Let's see if it works.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,804
  • Aug 6, 2013 4:12am Aug 6, 2013 4:12am
Quoting tenmilewalk
another trade that couldve been taken. Eur.jpy pullback formed at daily low and double bottom, tdi zone at 32 Confidence is once again becoming an issue due to drawdown this week. Signal is there, but too afraid to enter. {image}
Pls have a look at my chart, I write some notes, I face the same here when trading, psychology plays big part into my trading, this is where I most fail, I have to work more on this part alone to be better at trading, also I think if we base our trading on rules as other senior traders do, the emotion part will have low impact on how we proceed in trading and manage our trades
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.jpg Size: 212 KB
I Have Learned to Take Some Losses to Make Profits
  • #22,805
  • Aug 6, 2013 4:20am Aug 6, 2013 4:20am
Lets see if this plan workout , waiting
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.jpg Size: 218 KB
I Have Learned to Take Some Losses to Make Profits
  • #22,806
  • Aug 6, 2013 4:20am Aug 6, 2013 4:20am
Quoting tenmilewalk
{quote} hello adam, do you mean this? {image}
With all respect Tenmilewalk, the divergence is there but to show it, shouldn't we connect the Heigthts on both the RSI and the Pricechart? Now you connect the lows on the pricechart and the heights on the TDI chart, correct me if i'm wrong.
  • #22,807
  • Aug 6, 2013 4:26am Aug 6, 2013 4:26am
Quoting cuchuflito
Followed the rules So far: 5 trades (live) 4 loosers 1 winner A coin flip would have done better...don´t want to be negative, but it takes more than flour to bake good bread. Good trading to everybody.
Perhaps if you showed your trades on the thread someone might be able to point something out to help.
  • #22,808
  • Aug 6, 2013 4:36am Aug 6, 2013 4:36am
Quoting Pipsmurfer
{quote} With all respect Tenmilewalk, the divergence is there but to show it, shouldn't we connect the Heigthts on both the RSI and the Pricechart? Now you connect the lows on the pricechart and the heights on the TDI chart, correct me if i'm wrong.
hello pipsmurfer. you are right. I have some basic reading to do. Fortunately, adam already corrected that for me in a previous post just now.
  • #22,809
  • Aug 6, 2013 4:46am Aug 6, 2013 4:46am
Quoting TheScorpS
{quote} Pls have a look at my chart, I write some notes, I face the same here when trading, psychology plays big part into my trading, this is where I most fail, I have to work more on this part alone to be better at trading, also I think if we base our trading on rules as other senior traders do, the emotion part will have low impact on how we proceed in trading and manage our trades {image}
hank you scorps
  • #22,810
  • Aug 6, 2013 5:09am Aug 6, 2013 5:09am
Early start this morning as I didn't have time to trade yesterday. +100 on EUR/AUD
Attached Image (click to enlarge)
Click to Enlarge Name: euraudmh1.gif Size: 17 KB
  • #22,811
  • Aug 6, 2013 5:09am Aug 6, 2013 5:09am
What do you thing guys of this setup , a mother bar followed by inside bar , if this hour candle close red below last candle inside bar, with a cross of TDI, entry new candle

Also there is a regular divergence
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAPB.jpg Size: 242 KB
I Have Learned to Take Some Losses to Make Profits
  • #22,812
  • Aug 6, 2013 5:24am Aug 6, 2013 5:24am
Quoting TheScorpS
What do you thing guys of this setup
I would wait a bit .. I would wait for a retrace to the pivot after that long bullish rally and TDI being oversold. + 4H Candle doesn't look very good

Happy trading
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Click to Enlarge Name: GBPU.jpg Size: 120 KB
Don’t ever let someone tell you that you can’t do something.
  • #22,813
  • Aug 6, 2013 5:34am Aug 6, 2013 5:34am
Hi, I am new to this threat and this is my first post.
Thanks to all who started and contribute to this threat. I am still in learning proces.
I went short on EUR/JPY. Any suggestions or help is welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 39 KB
  • #22,814
  • Aug 6, 2013 6:13am Aug 6, 2013 6:13am
Quoting Oaktree
Hi, I am new to this threat and this is my first post. Thanks to all who started and contribute to this threat. I am still in learning proces. I went short on EUR/JPY. Any suggestions or help is welcome. {image}
Seems good to me. First candle was strong, entered on second candle. Second candle was hesitating but I see that 3rd seems to be pushing trough
Don’t ever let someone tell you that you can’t do something.
  • #22,815
  • Aug 6, 2013 7:05am Aug 6, 2013 7:05am
Quoting lastingwell
Early start this morning as I didn't have time to trade yesterday. +100 on EUR/AUD {image}
[highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight]
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,816
  • Aug 6, 2013 7:18am Aug 6, 2013 7:18am
I'm wondering if anyone can help me with ATR level exit points.

Currently I use swing high/low but have also seen people mentioning ATR range for exit points and stop losses.

Could someone please be so kind to explain, and attach any indicators that works well with this system.

Help is much appreciated, thanks!
  • #22,817
  • Aug 6, 2013 7:26am Aug 6, 2013 7:26am
Quoting Oaktree
Hi, I am new to this threat and this is my first post. Thanks to all who started and contribute to this threat. I am still in learning proces. I went short on EUR/JPY. Any suggestions or help is welcome. {image}
Oaktree,
I notice you have your charts set up for 4H TFs, but your chart is a 1H TF. Which time frame are you trading, because the 1H TF uses the Price Action Channel instead of the displaced 5MA?
  • #22,818
  • Aug 6, 2013 7:43am Aug 6, 2013 7:43am
Quoting heispark
{quote}
Thank you Heispark
  • #22,819
  • Aug 6, 2013 7:53am Aug 6, 2013 7:53am
Quoting kingdomk
I'm wondering if anyone can help me with ATR level exit points. Currently I use swing high/low but have also seen people mentioning ATR range for exit points and stop losses. Could someone please be so kind to explain, and attach any indicators that works well with this system. Help is much appreciated, thanks!
Hi Kingdomk, using ATR is really up to you to use it or not. Eelfranz didn't use it, he placed stop-loss a swing high or at 100 pips distance but never let it hit stop-loss unless he was sleeping. But Emmanuel was experimenting with ATR. He stopped using it I think. Most people in this thread speaking of ATR is just to see if there is enough movement in the markets. If ATR isn't high enough they don't trade. If you really want to use ATR search for a PDF of DGINC I think he used ATR.

No special indicator needed, he used the one coming with all META4 platforms

Happy trading
Don’t ever let someone tell you that you can’t do something.
  • #22,820
  • Aug 6, 2013 7:53am Aug 6, 2013 7:53am
Quoting lastingwell
{quote} Thank you Heispark
Well done Lastingwell ! I exited way to quickly
Don’t ever let someone tell you that you can’t do something.
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