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Trading Made Simple

  • #22,841
  • Aug 7, 2013 3:16am Aug 7, 2013 3:16am
Quoting kingdomk
Heispark - Please could you attach the chart to justify your opinion. Thanks!
Oh, ok when i am ready (i am at work now). I had somewhat EU bullish bias and was waiting bull PA and TDI signals.... I am still a novice trader by the way.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,842
  • Aug 7, 2013 3:16am Aug 7, 2013 3:16am
Quoting heispark
Looking for EU, GU buy oppotunity.....
With all respect Heispark but I would search for oppertunitys to go short. Look at the higher time frames, H4 is down Daily is making a high against a decending trendline. I'm short EUR right now on the cross of the H4 TDI maybe a little early but the doji on the H1 made me do it. Look always to multiple time frame's.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 134 KB
  • #22,843
  • Aug 7, 2013 3:23am Aug 7, 2013 3:23am
Quoting Pipsmurfer
{quote} With all respect Heispark but I would search for oppertunitys to go short. Look at the higher time frames, H4 is down Daily is making a high against a decending trendline. I'm short EUR right now on the cross of the H4 TDI maybe a little early but the doji on the H1 made me do it. Look always to multiple time frame's. {image}
Thank you for your feedback! It is helpful.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,844
  • Aug 7, 2013 3:39am Aug 7, 2013 3:39am
Quoting Pipsmurfer
{quote} With all respect Heispark but I would search for oppertunitys to go short. Look at the higher time frames, H4 is down Daily is making a high against a decending trendline. I'm short EUR right now on the cross of the H4 TDI maybe a little early but the doji on the H1 made me do it. Look always to multiple time frame's. {image}
Pipsmurfer - I agree with you. 4H TDI Crossover along with hourly doji looks in favour of shorts right now. Thanks for the charts, very clear and concise. Apols, I would usually attach a chart, but I'm at work and only have access to the market section here on FF.
  • #22,845
  • Aug 7, 2013 3:40am Aug 7, 2013 3:40am
3 trades

#1 BE (entered too soon)

#2 +40 target hit

#3 +40 ( Tp was 80 pips 4x atr -- trade manager closed it)

Good Night!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15_8_7_13.png Size: 94 KB
Dragon Rider
  • #22,846
  • Aug 7, 2013 3:47am Aug 7, 2013 3:47am
Quoting TheScorpS
{quote} Thanks Armacom, I really appreciate it, I'm taking a trade a day only ...
Keep up the hard work and you will make it. You have a system, make a solid plan, stick to the plan repeat and repeat

Opened a USD/CHF trade. Red IB, break-out by big blue candle, cross on TDI, entered on opening #2 blue candle.
Daily bar is up but trend is down, weekly is unclear ..

Not hoping for a big hit but some pips, i'll keep an eye on it
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF07082013.jpg Size: 72 KB
Don’t ever let someone tell you that you can’t do something.
  • #22,847
  • Aug 7, 2013 4:18am Aug 7, 2013 4:18am
Hi Armacon,
I also took the buy trade on USD/CHF @ 0.92743 before the end of 4h candle. (SL: 0.923)
I took my 10 pips profit on EUR/GBP because I went to sleep, better one birth in your hand than 10 in the air.
Thanks for your comment and all the best.
  • #22,848
  • Aug 7, 2013 4:25am Aug 7, 2013 4:25am
i want to learn PA, can some one give me a book, pdf file about PA, and how to use it in TSM ?i trade in H1 so PA is king right?
  • #22,849
  • Aug 7, 2013 5:09am Aug 7, 2013 5:09am
It looks like a trend reversal to me now... U/C looks like a short whilst E/U looks like a long.

Are you guys cutting your positions or going to wait till it hits stops? Any Ideas guys?

Thanks
  • #22,850
  • Aug 7, 2013 5:09am Aug 7, 2013 5:09am
Quoting longbk
i want to learn PA, can some one give me a book, pdf file about PA, and how to use it in TSM ?i trade in H1 so PA is king right?
You are right, PA is very important even more in 1H than 4H trading. Your question has been answered several times, even in the last few pages .. Emmanuel directed one of the members to a PDF of Steve Nison if I remember correctly That's a good point to start at
Don’t ever let someone tell you that you can’t do something.
  • #22,851
  • Aug 7, 2013 5:13am Aug 7, 2013 5:13am
You are right Oaktree, better be sure

Kingdomk, I just closed my position, didn't look good anymore ..

Edit : -0.25%
Don’t ever let someone tell you that you can’t do something.
  • #22,852
  • Aug 7, 2013 5:53am Aug 7, 2013 5:53am
Quoting longbk
i want to learn PA, can some one give me a book, pdf file about PA, and how to use it in TSM ?i trade in H1 so PA is king right?
Here you can learn about Price Action, this thread has taught me a lot, now I just use what I learn from there in my TMS trading

http://forums.babypips.com/free-fore...ce-action.html

Also I read a very important book about Price Action, title Naked Trader by walter peter

Check your PM

You have to study Steve Nison Candle Stick Charting Technique which very important , you must understand candlestick formation and to take trades at swing low or at swing high

Also Phx62 books are invaluable and you can build your trading plan just by studying his trades and trading style

Good Luck
I Have Learned to Take Some Losses to Make Profits
  • #22,853
  • Aug 7, 2013 6:44am Aug 7, 2013 6:44am
Scorps would you mind sending me the PM with the book too ? I looked in the attached documents from the thread but it isn't there
Don’t ever let someone tell you that you can’t do something.
  • #22,854
  • Aug 7, 2013 6:49am Aug 7, 2013 6:49am
GBP/USD

I think there was an AB=CD pattern formation drawn using Fibo restracement and Extension, have a look
Attached Image (click to enlarge)
Click to Enlarge Name: AB=CD.jpg Size: 258 KB
I Have Learned to Take Some Losses to Make Profits
  • #22,855
  • Aug 7, 2013 6:52am Aug 7, 2013 6:52am
Quoting Armacom
Scorps would you mind sending me the PM with the book too ? I looked in the attached documents from the thread but it isn't there
Yes Armacom, pls check your pm, its a light book and mind opening book too, especially fore newbie, but its power is in simplicity

Thank you
I Have Learned to Take Some Losses to Make Profits
  • #22,856
  • Aug 7, 2013 6:58am Aug 7, 2013 6:58am
May I have the book, too, please? Thank Scorps.
Everything you can imagine, is real - Pablo Picasso
  • #22,857
  • Aug 7, 2013 8:26am Aug 7, 2013 8:26am
Quoting TheScorpS
{quote} Yes Armacom, pls check your pm, its a light book and mind opening book too, especially fore newbie, but its power is in simplicity Thank you
Thank you Scorps ! I'v send the mail to Direwolf too so that you don't have to do it anymore and save you some time
Don’t ever let someone tell you that you can’t do something.
  • #22,858
  • Aug 7, 2013 8:27am Aug 7, 2013 8:27am
Hi Kingdomk and Armacom,
I closed the postion on USD/CHF as I happened to be at my PC. I saw first the drop of the GBP/USD and than the resurrection. I closed the position @ 0.92772 = +2.9 pips - not much, but better than a loss.
All the best
  • #22,859
  • Aug 7, 2013 8:31am Aug 7, 2013 8:31am
Quoting heispark
{quote} Oh, ok when i am ready (i am at work now). I had somewhat EU bullish bias and was waiting bull PA and TDI signals.... I am still a novice trader by the way.
Both EU and GU buy stop triggered when I was on my way home. GU hit 50+ TP and EU ended BE. Both pairs were up trend from low to high TFs. Especially I had EU bull bias because it had daily double repo failure pattern (See daily Sive Morten Youtube video from Forex Peace Army for details).

GU 1H
Attached Image


EU 1H
Attached Image


Sive Morten's today video
Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,860
  • Aug 7, 2013 10:22am Aug 7, 2013 10:22am
Spotted this EUR/JPY, AB=CD pattern completion

Now there is a potential move to the upside after the completion of the CD leg, lets see what happens

Hope that my fibonnaci ratios are correct
Attached Image (click to enlarge)
Click to Enlarge Name: JPY_ ABCD.jpg Size: 301 KB
I Have Learned to Take Some Losses to Make Profits
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