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Trading Made Simple

  • #23,661
  • Aug 20, 2013 1:07am Aug 20, 2013 1:07am
Quoting gsbharaj
emmneual sir how can we safeguard ourselves from fake crossovers?
It's all in the thread:

1. Trend: By trading with it you have less chance 'fakes'
2. Price Action: Strong PA signals who are confirming your TDI cross
3. Divergence: Be aware of possible divergence
4. Don't buy when you are near to resistence or sell at support
5. Don't trade into (small) ranging markets
etc ..

Happy trading
Don’t ever let someone tell you that you can’t do something.
  • #23,662
  • Aug 20, 2013 1:12am Aug 20, 2013 1:12am
Quoting gsbharaj
good morning to all.... took the gbp/usd h1 trade long {image}
Wouldn't trade G/U for the moment personally ..
Reasons :
1. To start with i'm rather bearish on B/U
2. Ranging type market
3. Double top (Yesterday's high), quite some resistence at only +- 20pips away
4. Risk/Reward doesn't seem good

Just my point of view, wish you all the best
Don’t ever let someone tell you that you can’t do something.
  • #23,663
  • Aug 20, 2013 1:17am Aug 20, 2013 1:17am
Off-topic for a second, like to start the day with this

Inserted Video


Nothing better than some light classical musical to wake-up with

For the E/U H1 traders there was a nice little set-up +40 pips easily i think, hope you guys got it
Don’t ever let someone tell you that you can’t do something.
  • #23,664
  • Aug 20, 2013 1:41am Aug 20, 2013 1:41am
Quoting Armacom
Off-topic for a second, like to start the day with this http://www.youtube.com/watch?v=RIzZLEQgtGI Nothing better than some light classical musical to wake-up with For the E/U H1 traders there was a nice little set-up +40 pips easily i think, hope you guys got it
Thanks Armcon

This is great, love classical to the death, breath and height
I Have Learned to Take Some Losses to Make Profits
  • #23,665
  • Aug 20, 2013 1:52am Aug 20, 2013 1:52am
wow these are really small candles we have today in the Asian session.

by the way, do any of you guys have optimized settings for TMS using THV cave manager. I'm currently playing with it.

THanks
  • #23,666
  • Aug 20, 2013 2:03am Aug 20, 2013 2:03am
Quoting Armacom
{quote} Wouldn't trade G/U for the moment personally .. Reasons : 1. To start with i'm rather bearish on B/U 2. Ranging type market 3. Double top (Yesterday's high), quite some resistence at only +- 20pips away 4. Risk/Reward doesn't seem good Just my point of view, wish you all the best
Yesterday high double tops caught my eye, since I have been many time slapped in the face with dreadful stops when triggering trades at those double top high or even double tops lows ie buying at swing high and selling at swing low

So many times as in the EUR/JPY H1 pair today, I had an uptrend bias for the day, I focus more on the bullish side and less on the bearish side which is my plan b, only by the double top , PA respects those boundaries and trade the other side, leaving me alone in the station under the rain

I guess because we are in a channel, that PA don't move in higher high and higher close or lower low and lower close, am I right? and then how to trade in such circumstances and how to plan accurately

Regards, and the symphony you posted is awesome such a peaceful relaxing symphony
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I Have Learned to Take Some Losses to Make Profits
  • #23,667
  • Aug 20, 2013 2:14am Aug 20, 2013 2:14am
GBPUSD - H1. Real account. Just entered short after bearish engulfing candle and TDI cross supported by Stoch. The previous candle closed below the daily pivot. Is this entry ok senior folks.

Fx..
Attached Image
  • #23,668
  • Aug 20, 2013 2:26am Aug 20, 2013 2:26am
Quoting Fx-optimus
GBPUSD - H1. Real account. Just entered short after bearish engulfing candle and TDI cross supported by Stoch. The previous candle closed below the daily pivot. Is this entry ok senior folks. Fx.. {image}

Nice...

Do you see a Double Inside Bar on your H4 chart?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,669
  • Aug 20, 2013 2:28am Aug 20, 2013 2:28am
Quoting Armacom
{quote} It's all in the thread: 1. Trend: By trading with it you have less chance 'fakes' 2. Price Action: Strong PA signals who are confirming your TDI cross 3. Divergence: Be aware of possible divergence 4. Don't buy when you are near to resistence or sell at support 5. Don't trade into (small) ranging markets etc .. Happy trading

Armacom,

Excellent 5 points....

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,670
  • Aug 20, 2013 2:32am Aug 20, 2013 2:32am
Quoting emmanuel7788
{quote} Traders Dynamic Index Realtime: Hi ALL, Use this TDI Realtime attached and you will not see the problem with repainting in real time. See the chart below comparing both TDI Red Green and TDI RT capture over a period of time without refreshing the chart. Good Trading this week, harvest the pips with multiple Rs and positive R:R. {file} {image}

Traders Dynamic Index - Realtime

post 17,851 link above

Someone PM and asked if there is a real-time version of the TDI.
That was posted in post#17,852 above.
Go back read that post and download.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,671
  • Aug 20, 2013 2:41am Aug 20, 2013 2:41am
Quoting Fx-optimus
GBPUSD - H1. Real account. Just entered short after bearish engulfing candle and TDI cross supported by Stoch. The previous candle closed below the daily pivot. Is this entry ok senior folks. Fx.. {image}
I've also taken the same trade. Also look that there is a resistance in 1.5652 aprox. and it seems the price can not go above. Let's see where it goes... not good feeling with this candle but.....
  • #23,672
  • Aug 20, 2013 2:46am Aug 20, 2013 2:46am
Quoting gasj00
{quote} 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...
Hi gasj00,

When I talk about Price Action I am referring to the use of the real price bar/candlestick and not the HA or APB.

See example using the AU trade yesterday, there was a Pin Bar which form the Asian session high. The PA following that Pin Bar gave a very good sell trade yesterday.

regards,
EMMANUEL
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,673
  • Aug 20, 2013 2:46am Aug 20, 2013 2:46am
2 trades last night on AJ both for 50pips each. They were both started at the same time.
Got stopped out just by 1 pip after I went to bed.
And another trade running since earlier. Should have entered on the candle before but wasn't at the computer.

Attached Image (click to enlarge)
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  • #23,674
  • Aug 20, 2013 2:47am Aug 20, 2013 2:47am
Quoting TheScorpS
{quote} Yesterday high double tops caught my eye, since I have been many time slapped in the face with dreadful stops when triggering trades at those double top high or even double tops lows ie buying at swing high and selling at swing low So many times as in the EUR/JPY H1 pair today, I had an uptrend bias for the day, I focus more on the bullish side and less on the bearish side which is my plan b, only by the double top , PA respects those boundaries and trade the other side, leaving me alone in the station under the rain I guess because we are...
Scorps, I noticed that double tops are a strong sign of resitence or support, especially when they are almost exactly at the same height and not to far from each other in time .. so when I see a double top/bottom caution is adviced I expect price to turn around but I am ready for a break of that resistance .. if their is a (confirmed) break of those S&R it's often that there is a lot of force behind it ..

So if I see a break, with strong PA, S&P far enough away and TDI confirming I will take it, even if i'm biased to the other side.
Biased in my case means that i need more evidence to take the other side but it doesn't exclude it
Hope it is a little clear what I said

Always welcome to share your music too ! Maybe by PM so that we don't distract others ...

Thank you Emmanuel
Happy trading !
Don’t ever let someone tell you that you can’t do something.
  • #23,675
  • Aug 20, 2013 2:48am Aug 20, 2013 2:48am
any advice appreciated

Entered short upon breakout of support zone the past several days. made entry before LO. price reversed a bit. Did not enter at LO due to fear
Attached Image (click to enlarge)
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  • #23,676
  • Aug 20, 2013 2:54am Aug 20, 2013 2:54am
Looking at GBP/USD H1

Looks like we might get a long entry next hour, maybe just a hint that I see PA struggle to move down or side way move since GBP/USD isnt moving much these days

Thanks Armacom, we can pm each other , and thanks for your replay, you have clear the water for me, thanks a lot
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #23,677
  • Aug 20, 2013 2:55am Aug 20, 2013 2:55am
Quoting tenmilewalk
any advice appreciated Entered short upon breakout of support zone the past several days. made entry before LO. price reversed a bit. Did not enter at LO due to fear {image}
IMO, a rather late H1 entry.
There was re-test near 130.50 by Tokyo traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,678
  • Aug 20, 2013 2:56am Aug 20, 2013 2:56am
Quoting emmanuel7788
{quote} IMO, a rather late H1 entry. There was re-test near 130.50 by Tokyo traders.
hello emmanuel. didnt catch the asian session.
  • #23,679
  • Aug 20, 2013 2:58am Aug 20, 2013 2:58am
Quoting tenmilewalk
any advice appreciated Entered short upon breakout of support zone the past several days. made entry before LO. price reversed a bit. Did not enter at LO due to fear {image}
We had a break-out to the upside yesterday, we have one to the downside today ... I have a feeling that price will get back to the 130 and will range again but it's just a feeling

I have resistence on my chart at the 129.310 level and price seems indeed to have stopped there. I expect one or two inside bars after that very long candle ...
Don’t ever let someone tell you that you can’t do something.
  • #23,680
  • Aug 20, 2013 3:00am Aug 20, 2013 3:00am
Quoting Armacom
{quote} We had a break-out to the upside yesterday, we have one to the downside today ... I have a feeling that price will get back to the 130 and will range again but it's just a feeling I have resistence on my chart at the 129.310 level and price seems indeed to have stopped there. I expect one or two inside bars after that very long candle ...
i agree
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