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Trading Made Simple

  • #23,841
  • Aug 21, 2013 12:54pm Aug 21, 2013 12:54pm
Only one small trade today on EJ H1, taken at LO. I am out of the market until I can find a valid entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.8.21 ej h1.png Size: 50 KB
  • #23,842
  • Aug 21, 2013 2:40pm Aug 21, 2013 2:40pm
Quoting FxLapozi
NZDUSD 1H Updates on the kiwi trade I posted earlier. So far so good. Still on the track. SL = BE+1.2pips. Let's see if my tp will be hit! {image}
FxLapozi,

Congrats! your TP hit.

in trending market type, most often it will reach 100% of its 100-weeks average range. In this case, it went farther that this range...270pips from week open.


regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 21 Aug TP hit 22-8-2013 5-31-14 AM.gif Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,843
  • Aug 21, 2013 3:03pm Aug 21, 2013 3:03pm
Quoting TheScorpS
Can we see the market push up to 1.5000 BRN and completion of AB=CD pattern on EUR/USD Is what am doing in planning correct? Waiting {image}
You are correct and only the market will prove you wrong.

If 1.3350 holds this week as support, then we may see a rally. But this week, price return to its week open.
Attached Image (click to enlarge)
Click to Enlarge Name: EU week 34 Hist S&R 22-8-2013 5-59-08 AM.gif Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,844
  • Aug 21, 2013 3:09pm Aug 21, 2013 3:09pm
Quoting geomoon
{quote} is 130.40 a daily resistance ? should we look into big round numbers also ?
geomoon,

130.40 was support for the Tokyo session rally. ... the buyer's line.

for many traders using moving averages, there is price play around the common 10EMA in its respective timeframes.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,845
  • Aug 21, 2013 3:21pm Aug 21, 2013 3:21pm
Quoting henkipips
If I am correct this would be a nice setup according TMS, currently 9 pips profit. {image}

henkipips,

I see that is a valid TMS 4H setup ..
- TDI crossed up
- APB candle #2
- Stoch 8,3,3, also confirm

Clean charts are good for trading....keep it up!

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,846
  • Aug 21, 2013 3:31pm Aug 21, 2013 3:31pm
Quoting gasj00
hello I would like to share this EA TMS entry second canddle cross down dobble top regards gasj00 {image}
gasj00,

That setup looks valid on its own.
We shall see if there will be further consolidation before a bearish reversal. AUD remain the weaker of the two.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,847
  • Aug 21, 2013 3:56pm Aug 21, 2013 3:56pm
Guys I've been looking for an indicator which sits on top of the HA bars and shows the true wick of a candle.

IE. it's easier to see pull back candles and long wick candles.

Hope someone can help

Thanks
  • #23,848
  • Aug 21, 2013 4:03pm Aug 21, 2013 4:03pm
Quoting kingdomk
Guys I've been looking for an indicator which sits on top of the HA bars and shows the true wick of a candle. IE. it's easier to see pull back candles and long wick candles. Hope someone can help Thanks

Just switch charts to show as Bar Chart to see the real price OHLC on the APB. Then select Foreground chart.
It on your MT4 menu or simply pres "Alt+1".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,849
  • Aug 21, 2013 4:05pm Aug 21, 2013 4:05pm
this is my 4H TMS typical entry:
Thank you Emmanuel for that script. it's helps in keeping pips.

regards
fx light
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4 22.png Size: 31 KB
i am the lord that giveth thee power to create wealth.
  • #23,850
  • Aug 21, 2013 4:17pm Aug 21, 2013 4:17pm
Quoting FxLapozi
{quote} Mistakes help one to grow! Dont worry. Be happy. Anyway, I would like to ask what chart you looking at. I saw you posting about USDCAD short, EURUSD Long earlier. I looked back at my charts, all indicating opposite movement of what you posted which makes me curious which timeframe you looking at.
Hello my last trade was the usdcad h1 and h4. I did win in that trade for minor pips around 8pips if i remember it right. I exited the trade as it has been hours and price was not moving as i was sleeping i closed it for some profit.

I also had 3 eurjpy trades, 2 wins 1 loss.

If you guys remember i rode it up for around 30pips, rode it down and closed for around 4 pip gain. Then reentered on a psychological trade but got stopped up for around -20pips.
Still an over all win, and right around 75% accurate.

I dont remember an eurusd trade though, maybe it was someone else?

Regards
  • #23,851
  • Aug 21, 2013 4:49pm Aug 21, 2013 4:49pm
GU 21 August update:

Finally, some signs of movements.
My average entry price is 1.5669, with 3 sell orders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,852
  • Aug 21, 2013 5:07pm Aug 21, 2013 5:07pm
Quoting WDays
{quote} Hey there, I'm sorry but would you mind telling me where you got the MA indicator that changes color if price is above or below it? I've been looking for one of those, but I have no idea what they're called, and it's so much more visual than what I have. Thank you!
Hello,

Try, http://www.protradenetwork.com/faq/

Go down the page until you see download link for the free EMA&TDI Indicators.
Dragon Rider
  • #23,853
  • Aug 21, 2013 5:34pm Aug 21, 2013 5:34pm
GU Week 34 4H Swing Trade Position Building:

Here is my trade chart showing how I build up positions.
Trade now running in profit + 75pips, +50pips+30pips, I will protect them progressively as price moves.
After protected some profts, I plan to add-on some postion with banked-in profits.
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 34 4H trade positiion building 22-8-2013 8-27-17 AM.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,854
  • Aug 21, 2013 5:47pm Aug 21, 2013 5:47pm
TMS 10EMA Dashboard

Attached dashboard which is used to show you when the price action is above or below the 10EMA in all chart timframes.
Spend time and study the price behaviour in relation to the 10EMA on all TFs. You will see how useful that is and may change the way you look at trade setups.
Attached Image (click to enlarge)
Click to Enlarge Name: TMS 10EMA Dashboard.png Size: 40 KB
Attached File(s)
File Type: ex4 TMS 10EMA Dashboard.ex4   10 KB | 1,295 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,855
  • Aug 21, 2013 5:59pm Aug 21, 2013 5:59pm
Quoting emmanuel7788
TMS 10EMA Dashboard Attached dashboard which is used to show you when the price action is above or below the 10EMA in all chart timframes. Spend time and study the price behaviour in relation to the 10EMA on all TFs. You will see how useful that is and may change the way you look at trade setups. {image} {file}
Awesome !!!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,856
  • Aug 21, 2013 6:48pm Aug 21, 2013 6:48pm
OMG Trade manager did it again .....



2 Trades Same Entry

#1 +25 TP

#2 +20 Closed by trade manager, TP was 50 pips.


I didnt want Trade #2 to be closed.

+45 pips Total


Edit. TP #2 of 50 pips was met. On a side note my Trade plan is working pretty good
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym158-21-13.png Size: 110 KB
Dragon Rider
  • #23,857
  • Aug 21, 2013 7:07pm Aug 21, 2013 7:07pm
Hi emmannuel

Just entered short in EA after china data released positive. Hope this would turn bearish from 68 after some consolidation. I would prefer to build positions for this trade as well.

Fx..
Attached Image
  • #23,858
  • Aug 21, 2013 7:14pm Aug 21, 2013 7:14pm
Quoting Phx62
Only one small trade today on EJ H1, taken at LO. I am out of the market until I can find a valid entry.{image}
inspiring as usual phx 62. I happened to take this trade as well at the same price. However, I entered due to it being a pullback and did not wait for the next candle to close red to make make a reversal pattern. It was mostly fear of losing out on pips. What would have been the correct rationale for the entry?
  • #23,859
  • Aug 21, 2013 7:37pm Aug 21, 2013 7:37pm
Quoting emmanuel7788
TMS 10EMA Dashboard Attached dashboard which is used to show you when the price action is above or below the 10EMA in all chart timframes. Spend time and study the price behaviour in relation to the 10EMA on all TFs. You will see how useful that is and may change the way you look at trade setups. {image} {file}
emmanuel thk so much , I ask about this in other reply
thk
  • #23,860
  • Aug 21, 2013 8:10pm Aug 21, 2013 8:10pm
Quoting emmanuel7788
GU Week 34 4H Swing Trade Position Building: Here is my trade chart showing how I build up positions. Trade now running in profit + 75pips, +50pips+30pips, I will protect them progressively as price moves. After protected some profts, I plan to add-on some postion with banked-in profits. {image}
Hey Emmanuel,
Mind explaining why you took those trades?

Thanks.
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Winterlad