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Trading Made Simple

  • #23,641
  • Aug 19, 2013 3:32pm Aug 19, 2013 3:32pm
Quoting gsbharaj
guys i have a doubt. in this gbd/jpy chart the price was going up and crossed the monthly r1. now after that the price retraced back. is it due to the resistance line which i have drawn? so if i want to trade 4h charts then i have to look for strong resistance and support levels..is it true? {image}
That is not a true statement.

I look for PASR and TMS setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,642
  • Aug 19, 2013 3:38pm Aug 19, 2013 3:38pm
Quoting Armacom
{quote} Emmanuel my friend, you're not only à trading master but at least as much a zen master

To achieve trading mastery, one has to master living as a person. ...

.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,643
  • Aug 19, 2013 3:42pm Aug 19, 2013 3:42pm
Quoting parsfx
{quote} Buyers FAILED. see reversal candle H4 and cross TDI & Double top in H1 I missed it. {image} {image}

parsfx,

Nice clean charts. I LIKE.

This is going to be interesting week and also next week as Yen must make a decision.

Keep following until the next big move.

Good Trading.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,644
  • Aug 19, 2013 3:51pm Aug 19, 2013 3:51pm
Emmanuel I thought you were going with a mystery men type quote there.

To achieve trading mastery, one must master a trade
  • #23,645
  • Edited 4:52pm Aug 19, 2013 4:42pm | Edited 4:52pm
Quoting verouchi
Emmanuel I thought you were going with a mystery men type quote there. To achieve trading mastery, one must master a trade
okay, some early morning kung fu for the mind-
Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,646
  • Aug 19, 2013 5:27pm Aug 19, 2013 5:27pm
Quoting emmanuel7788
GBPUSD preparation work for Week 34: Here is an excample what I do as preparation for 4H swing trading. Since we talked about channelin technique, GU shows a steep price rising(standard deviation) in the past 3 weeks but there are some signs of price structure change. First sign of a trunaround ...weakening demand. Look at the attached chart below and hope you pick up some lesons from it. Next week34, there is no comfirmation that price has reverse yet. There is a potential resistance zone above between 1.5670 and 1.5750. Look at your Monthly and...
GU 20 Aug H4:
Still developing nicely. Looks like a bearish divergence is showing but there is weak momentum.
So what shall we do when we want to be sellers?
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,647
  • Aug 19, 2013 5:39pm Aug 19, 2013 5:39pm
Quoting emmanuel7788
{quote} Well, I see on H1 1) You have a TDI crossed with a bearish outside bar. 2) The APB change colour APB#1 3) Stoch 8,3,3 also confirms. 4) PA - there is BEOB, then an IB., pullback from previous D high and Prev Week high. Asian high form by a Pin bar. 5) Support and Resistance - Prev D high, Prev Week High *** CONFLUENCE. Risks: 1) Narrow range as seen with the TDI VB and also candles size. 2) Support below Prev D Fib 50%, WPv. ... enough room to scale out and BE trade. Good to go.

AU 19 Aug H1 trade:

Those who took this sell trade would have gotten out with a 3R trade.

Now, how about a bounce trade?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,648
  • Aug 19, 2013 5:53pm Aug 19, 2013 5:53pm
Quoting emmanuel7788
{quote} GU 20 Aug H4: Still developing nicely. Looks like a bearish divergence is showing but there is weak momentum. So what shall we do when we want to be sellers? {image}
Hi Emmanuel,

Was following this setup at work - thought a pin bar might be forming around NY open but PA didn't materialize . Still stalking and waiting for PA & TDI to show me which Plan A, B, C to execute ;-). Market seems to be catching its breath after Thursday's thrust bar...without a doubt patience is the key here!

Erol
  • #23,649
  • Aug 19, 2013 6:07pm Aug 19, 2013 6:07pm
Quoting Erol
{quote} Hi Emmanuel, Was following this setup at work - thought a pin bar might be forming around NY open but PA didn't materialize . Still stalking and waiting for PA & TDI to show me which Plan A, B, C to execute ;-). Market seems to be catching its breath after Thursday's thrust bar...without a doubt patience is the key here! Erol
This GU pair will be test of the traders patience and other trading skills this week.
Ahead of the data release on Friday, there will be liquidity flow as we will see in the correlated pairs - EG and EU pairs over the next few days.
When the technical shows up too obvious then the traps are laid out to lure in the buyers and sellers.

Trade Well.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,650
  • Aug 19, 2013 7:11pm Aug 19, 2013 7:11pm
Quoting emmanuel7788
{quote} This GU pair will be test of the traders patience and other trading skills this week. Ahead of the data release on Friday, there will be liquidity flow as we will see in the correlated pairs - EG and EU pairs over the next few days. When the technical shows up too obvious then the traps are laid out to lure in the buyers and sellers. Trade Well. regards, EMMANUEL
Hello Emmanuel
thk for the GU, I would like to ask , maybe it is a dummy Question but, all day I was study theBUOVB-IVB-BUBOB-BEOVB-BEBOB, in my testing I blow the demo account in 4 month of test, but that is not the Q, this patterns are the same to be use with AH and APB? or only apply to CS?
Like elrol say about search in the forum I try to find the D patternt or some example, I use that criteria to the search and only I have the mention of pattern not the examples.
Thk a lot all of you, to take time to share su conocimiento. When I can made my own good analysis and be profitable I would like to be here with the people how show me the path like Big E do with other members

again Muchas gracias (thk very much)
ans I hope find the path and stay in the path
  • #23,651
  • Aug 19, 2013 7:54pm Aug 19, 2013 7:54pm
2 Trades - Same entry EUR/JPY


Trade #1 +20 TP

Trade #2 +50 TP


TDI is such an amazing indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh18-18-13.png Size: 116 KB
Dragon Rider
  • #23,652
  • Aug 19, 2013 8:16pm Aug 19, 2013 8:16pm
AUDCAD 4H

Entered at purple line. Trade exited for 90pips.

Reason of exit: Highlighted part at TDI
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.png Size: 61 KB
  • #23,653
  • Aug 19, 2013 8:21pm Aug 19, 2013 8:21pm
EURAUD 1H (Potential Set up)

TDI crossing. Despite that, Not encouraging sign to enter trade. Line near 68. R:R 2:1. Not a good set up but 4h indicates potentially 40-50pips up is possible.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.png Size: 57 KB
  • #23,654
  • Aug 19, 2013 8:25pm Aug 19, 2013 8:25pm
EURUSD 1H
Potential Bounce Trade at 1H. See highlighted part. Waiting for the hourly candle to close for confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 56 KB
  • #23,655
  • Aug 19, 2013 9:56pm Aug 19, 2013 9:56pm
emmneual sir how can we safeguard ourselves from fake crossovers?
Come tomorrow, I'll wake up new
  • #23,656
  • Aug 19, 2013 10:25pm Aug 19, 2013 10:25pm
TDI cross over and short taken..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
Come tomorrow, I'll wake up new
  • #23,657
  • Aug 19, 2013 11:35pm Aug 19, 2013 11:35pm
Quoting FxLapozi
AUDCAD 4H Entered at purple line. Trade exited for 90pips. Reason of exit: Highlighted part at TDI {image}
Nice Trade!

Just wondered what pairs you're trading? I tend to stick to the 8 pairs set out by Big E/ Dean Malone, which didn't include AUDCAD...

Are you having much luck with other pairs? (Clearly this was a successful trade, but I mean in the long run)
Focus on the process and the profits will follow
  • #23,658
  • Aug 20, 2013 12:40am Aug 20, 2013 12:40am
Quoting emmanuel7788
{quote} To achieve trading mastery, one has to master living as a person. ... .
Well said !
Don’t ever let someone tell you that you can’t do something.
  • #23,659
  • Aug 20, 2013 12:55am Aug 20, 2013 12:55am
For Every TMS traders and all

Rick of the protrader network, uses the same strategy we use and a great trader with great sense of humanity

I learned a lot from his website and still learning , he is holding a live workshop I think by the end of this month on the 31 August , 7 am CST

I hope Rick dont mind me sharing with everyone, the work shop is about Price Action which we all use in TMS and what matters most

I got this mail from Rick as am a registered at his website and anyone can do so and attend the workshop, below is the mail I received


The Pro Trader Network





Saturday, August 31st, 7am CST, I’ll be hosting a FREE Price Action Trading Workshop where I will discuss several techniques to determine the strength of the Trend and show you how to use what you already know to make some great trades. Please alert your trading friends and let them know everyone is welcome to attend. Links to access the workshop will be emailed to you a few days beforehand.

Our Weekly Top Down Analysis and Article have been posted for this week and you can find there here:

http://www.protradernetwork.com

I am busy putting the finishing touches on the workshop, so a short and sweet email this week.

See you soon.

Rick

Anyone interested as I'm can come and join , am excited an waiting

Pls I share this mail because I want to see everybody getting better and not promoting anybody here or any website or sales of any kind, if am against any regulation, pls let me know, and hope that Rick dont mind too

Thanks Rick and everybody
Good LUck
I Have Learned to Take Some Losses to Make Profits
  • #23,660
  • Aug 20, 2013 1:03am Aug 20, 2013 1:03am
good morning to all....

took the gbp/usd h1 trade long
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
Come tomorrow, I'll wake up new
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Algovedas