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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #23,601
  • Aug 19, 2013 6:28am Aug 19, 2013 6:28am
Quoting emmanuel7788
{quote} Pullback candle is Pin Bar. But not all Pin Bars are tradeable in they way it is. If you break down a H1 pin bar into M15 bars, you should see a 3 bars reversal pattern. Pin bar appearing at support and resistance are of higher probability to trade. Pin bar appearing at the London session high or low are usually good to trade. To learn the APB, go to this link.
Thank you, emmanuel for the clarification. As for the APB, I know what they are and what they do... I didn't formulate my question accurately. I meant a scenario like on EJ H1 for the last two-three hours.
  • #23,602
  • Aug 19, 2013 6:33am Aug 19, 2013 6:33am
Quoting Fx-optimus
{quote} Sir I have seen your chart. Primary entry decision maker is TDI as per TMS entry rules. Please see the H1, H4 and Daily chart below. The Daily and H4 clearly showing uptrend. Where the H1 is retracing down. Son your trade is counter trend and not a wrong entry. Trading against the trend is not advisable. However, just follow the price action from here, If the price action continue to fall just follow your sell entry for profit. In case it reverses back to go up, exit and enter buy. Don't follow my comments, just follow...


@GSubaraj

That was not a negative comment. I just mentioned the price action at that point of time. Further I requested to follow the price action to continue with your sell entry or to reverse if the price action reverses.

Fx..
  • #23,603
  • Aug 19, 2013 6:42am Aug 19, 2013 6:42am
Quoting Fx-optimus
{quote} @GSubaraj That was not a negative comment. I just mentioned the price action at that point of time. Further I requested to follow the price action to continue with your sell entry or to reverse if the price action reverses. Fx..
its fine mate..

looks like i need to control my emotions...
Come tomorrow, I'll wake up new
  • #23,604
  • Aug 19, 2013 6:52am Aug 19, 2013 6:52am
Trade base on price action & with the help of M15 tf.
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Persian Gulf forever
  • #23,605
  • Aug 19, 2013 6:55am Aug 19, 2013 6:55am
i realized that i was missing the big picture in my trades. now i hope i can execute good trades. well still continuing buying gbp against usd. hoping for a 20 pip profit
Come tomorrow, I'll wake up new
  • #23,606
  • Aug 19, 2013 7:09am Aug 19, 2013 7:09am
what are the exit rules for h4 ? is it the same as that of the h1?

and what should be the average duration of the h4 trade?
Come tomorrow, I'll wake up new
  • #23,607
  • Aug 19, 2013 7:09am Aug 19, 2013 7:09am
Eurjpy
Big picture
If the price is above the desired closed(above consolidated zone) in H4 candle,
This scenario may be considered
See TDI.
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Persian Gulf forever
  • #23,608
  • Aug 19, 2013 7:27am Aug 19, 2013 7:27am
Quoting gsbharaj
what are the exit rules for h4 ? is it the same as that of the h1? and what should be the average duration of the h4 trade?
It is 3 or 4 H4 candles max.
  • #23,609
  • Aug 19, 2013 7:30am Aug 19, 2013 7:30am
That was BundesBank comment on recovery of German economy made all that sudden move of Euro becoming strong. Entry opportunities missed in many Euro pairs.

Fx...
  • #23,610
  • Aug 19, 2013 7:57am Aug 19, 2013 7:57am
the price have reached the monthly resistance point. despite the weekly uptrend we can see the price going down from here...

am i correct?
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Come tomorrow, I'll wake up new
  • #23,611
  • Aug 19, 2013 8:05am Aug 19, 2013 8:05am
Quoting gsbharaj
what are the exit rules for h4 ? is it the same as that of the h1? and what should be the average duration of the h4 trade?

gsbharaj,

The answer is in the OP eelfranz' 463 posts and in the pdf Best of Big E.
You obviously did not read and study that yet and asking all the basic question.
Next question you ask must be using a chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,612
  • Aug 19, 2013 8:06am Aug 19, 2013 8:06am
Quoting gsbharaj
the price have reached the monthly resistance point. despite the weekly uptrend we can see the price going down from here... am i correct? {image}

that is the weekly chart... what are you trading?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,613
  • Aug 19, 2013 8:25am Aug 19, 2013 8:25am
Quoting emmanuel7788
{quote} gsbharaj, The answer is in the OP eelfranz' 463 posts and in the pdf Best of Big E. You obviously did not read and study that yet and asking all the basic question. Next question you ask must be using a chart.
i did read the pdf file.... i thought the rules must have changed


and i am trading the h4 chart.....looking for short now
Come tomorrow, I'll wake up new
  • #23,614
  • Edited 8:54am Aug 19, 2013 8:28am | Edited 8:54am
is this a valid exit? still holding the trade duh. locked in some pips . thank you emmanuel thank you phx 78 pips running....
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i am the lord that giveth thee power to create wealth.
  • #23,615
  • Aug 19, 2013 8:48am Aug 19, 2013 8:48am
made 70 pips this morning GBP/AUD Great Green crossing red trend was up
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  • #23,616
  • Edited 9:05am Aug 19, 2013 8:51am | Edited 9:05am
Gold By looking at H1 & H4


Still making pips!
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  • #23,617
  • Aug 19, 2013 8:53am Aug 19, 2013 8:53am
Made another 14 pips on this AUD/NZD trade. Got out because green went flat and appeared to be reversing course. It appears now I was right to do so.
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  • #23,618
  • Aug 19, 2013 8:57am Aug 19, 2013 8:57am
Any advice here 1H AUD/JPY. Stepped away from my computer for a short time price went almost to my Take profit then reversed course and is now 10 pips down. Stick with this? The exit is something that I have been trying to do a better job at.
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  • #23,619
  • Aug 19, 2013 9:17am Aug 19, 2013 9:17am
Quoting fx light
is this a valid exit? still holding the trade duh. locked in some pips . thank you emmanuel thank you phx 78 pips running.... {image}
Fx light, as soon as a hook is made, you could close your trade to protect your profit. I see a cross down there too but the price line is just touching the signal line, as soon as the green line shows a clear cross its a potential sell too. A counter trend trade that may produce some pips. But as it is job well done mate.
  • #23,620
  • Aug 19, 2013 9:41am Aug 19, 2013 9:41am
Trade of GJ H4 today, reached at 1:1 then fall back

closed at 6am by following BigE's habit
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