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  • #23,961
  • Aug 23, 2013 12:39am Aug 23, 2013 12:39am
Quoting emmanuel7788
{quote} farhad, What is your purpose in going down to lower timeframe? If looking at lower timeframe causes you to have too many other considerations before you take a trade decision and create doubts, then do go there. I also look at lower timeframe chart when I trade. This pic I posted is exactly what I want people to know what the lower timeframe is doing when we trade H4. regards, EMMANUEL {image}

emmanuel;


thanks for ur advice and ur pics

yes u are right, I got it
  • #23,962
  • Aug 23, 2013 12:50am Aug 23, 2013 12:50am
Quoting emmanuel7788
{quote} farhad, What is your purpose in going down to lower timeframe? If looking at lower timeframe causes you to have too many other considerations before you take a trade decision and create doubts, then do go there. I also look at lower timeframe chart when I trade. This pic I posted is exactly what I want people to know what the lower timeframe is doing when we trade H4. regards, EMMANUEL {image}
does this mean that if we want to trade in h4 we should look at the overall trend?
Come tomorrow, I'll wake up new
  • #23,963
  • Aug 23, 2013 12:54am Aug 23, 2013 12:54am
Quoting kingdomk
Hi Guys, Thought I’d just post a chart on Eur/Chf 4hour to get some advice from the seniors, as this is the first time I’m trying to stick to a plan and see what potential outcomes there can be. Would appreciate some guidance. Apologies about the editing of the charts, it never has been my strongest point.. Plan A – PA has a small retracement and bounces off around the 1.23150 mark where there has been some previous support/resistance. Look to position build between 1.23130 - .1.23170 and exit at next 4H swing high when tdi hooks and PA shows resistance....
Any chance someone can revert please
  • #23,964
  • Aug 23, 2013 12:55am Aug 23, 2013 12:55am
the price has consolidated around this area. this is a strong support zone...i think there are chances for reversal. i love to trade this pair. i have my long position opened since yesterday. lets hope for the best. the price on h4 have not been able to close below the former low. good chance of reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
Come tomorrow, I'll wake up new
  • #23,965
  • Aug 23, 2013 1:03am Aug 23, 2013 1:03am
Quoting gsbharaj
emmanuel sir can you tell me how to safeguard myself from false breakouts? i only want to trade 4 hr charts.

gsbharaj,

You are asking again the same question which was already answered.

Now, you post a chart and show me what you spot a potential breakout and I will show you how I plan my trade and to trade breakouts.

I wait for your chart.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,966
  • Aug 23, 2013 1:12am Aug 23, 2013 1:12am
Quoting gsbharaj
the price has consolidated around this area. this is a strong support zone...i think there are chances for reversal. i love to trade this pair. i have my long position opened since yesterday. lets hope for the best. the price on h4 have not been able to close below the former low. good chance of reversal. {image}

What is a 'strong support'?

PA shows consolidation... and there is no sign of reversal in H4.

Go to W1 and D1 and identify the historical support and resistance.

If you want to buy and sell when market is in consolidation, you have to consider how to build positions.

Did you read that pdf "How to Build a Position"? Learn from that and apply that in TMS.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,967
  • Aug 23, 2013 1:22am Aug 23, 2013 1:22am
Quoting kingdomk
Hi Guys, Thought I’d just post a chart on Eur/Chf 4hour to get some advice from the seniors, as this is the first time I’m trying to stick to a plan and see what potential outcomes there can be. Would appreciate some guidance. Apologies about the editing of the charts, it never has been my strongest point.. Plan A – PA has a small retracement and bounces off around the 1.23150 mark where there has been some previous support/resistance. Look to position build between 1.23130 - .1.23170 and exit at next 4H swing high when tdi hooks and PA shows resistance....

Don't waste time trading this pair unless you know what the SNB will be doing.
Small trading range and pip value not attractive compare to EURGBP.
Attached Image (click to enlarge)
Click to Enlarge Name: pip value.gif Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,968
  • Aug 23, 2013 1:47am Aug 23, 2013 1:47am
Quoting emmanuel7788
{quote} farhad, What is your purpose in going down to lower timeframe? If looking at lower timeframe causes you to have too many other considerations before you take a trade decision and create doubts, then do go there. I also look at lower timeframe chart when I trade. This pic I posted is exactly what I want people to know what the lower timeframe is doing when we trade H4. regards, EMMANUEL {image}

Emmanuel;


I have another question:


If we want to trade in H4 and green is to be downward, Then we must look to daily to find a flat or Hooked green ( If uptrend) ?! Am I right?


What is the relationship between current TFS and upper TFS? What factors in comparing TFS should be attentioned to?
  • #23,969
  • Aug 23, 2013 1:47am Aug 23, 2013 1:47am
Early Counter Trend Trade

First Trade Entry #1 + #2 got stopped for -26 total


Second Trade Entry When direction was confirmed a second time

#1 +20
#2 +10
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym158-22-133.png Size: 117 KB
Dragon Rider
  • #23,970
  • Aug 23, 2013 2:23am Aug 23, 2013 2:23am
Hi,
I made a big picture planning on eur/usd according to Emmanuel's teachings.
All the best.
Attached Image (click to enlarge)
Click to Enlarge Name: big picture eurusd.png Size: 26 KB
  • #23,971
  • Aug 23, 2013 3:29am Aug 23, 2013 3:29am
Quoting emmanuel7788
{quote} Don't waste time trading this pair unless you know what the SNB will be doing. Small trading range and pip value not attractive compare to EURGBP. {image}
Thanks Emmanuel, will try plan for another pair in that case!
  • #23,972
  • Aug 23, 2013 6:05am Aug 23, 2013 6:05am
GU London session:

Anyone caught by that nasty H1 candle?
That was taking out many sellers' stops and now back down.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,973
  • Aug 23, 2013 6:11am Aug 23, 2013 6:11am
Quoting farhad10
{quote} Emmanuel; I have another question: If we want to trade in H4 and green is to be downward, Then we must look to daily to find a flat or Hooked green ( If uptrend) ?! Am I right? What is the relationship between current TFS and upper TFS? What factors in comparing TFS should be attentioned to?

farhad,

First, you study Dr Alexander Elder' Triple Screen Trading System and understand the concept.
Then apply that concept in TMS using the TDI.

When I trade 4H swing, I look at H4, D1 and W1 as the three timeframes. Apply the concept and use PA in all TFs.
That is an effective way to plan and look for trades.

Edit: Here is a link to read the Triple Screen Trading System
or you can read his book.

regards,
EMMANUEL
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,974
  • Aug 23, 2013 6:11am Aug 23, 2013 6:11am
Quoting emmanuel7788
GU London session: Anyone caught by that nasty H1 candle? That was taking out many sellers' stops and now back down.
Took my positions out that we build before FOMC
Don’t ever let someone tell you that you can’t do something.
  • #23,975
  • Aug 23, 2013 6:31am Aug 23, 2013 6:31am
Quoting emmanuel7788
{quote} farhad, First, you study Dr Alexander Elder' Triple Screen Trading System and understand the concept. Then apply that concept in TMS using the TDI. When I trade 4H swing, I look at H4, D1 and W1 as the three timeframes. Apply the concept and use PA in all TFs. That is an effective way to plan and look for trades. Edit: Here is a link to read the Triple Screen Trading System or you can read his book. regards, EMMANUEL {image}
Thank for ur nice advice


dear Emmanuel;


Are u agree with scalping, using this system in full lots on every cross?
  • #23,976
  • Aug 23, 2013 6:33am Aug 23, 2013 6:33am
Quoting farhad10
{quote} Thank for ur nice advice dear Emmanuel; Are u agree to scalp using this system in full lots on every cross?

Are you saying to scalp the H4 TDI cross?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,977
  • Aug 23, 2013 6:37am Aug 23, 2013 6:37am
Quoting emmanuel7788
{quote} Are you saying to scalp the H4 TDI cross?
Yes of course


Because every cross on H4 is at least 10 pips most of times! If we get 5 then it's OK? on lower TFs PA may change quickly nut on H4 no!


Did u try Scalping on H4?
  • #23,978
  • Aug 23, 2013 6:44am Aug 23, 2013 6:44am
Quoting Armacom
{quote} Took my positions out that we build before FOMC

If you are trading GU now, beware of those two historical S&R I posted this morning.
Market can either break very strong or it can give a nasty bounce.
If break, it will be potential to see a new downtrend but that can only be confirm next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,979
  • Aug 23, 2013 6:51am Aug 23, 2013 6:51am
Quoting farhad10
{quote} Yes of course Because every cross on H4 is at least 10 pips most of times! If we get 5 then it's OK? on lower TFs PA may change quickly nut on H4 no! Did u try Scalping on H4?
I don't scalp on H4 but I trade H4 candle with M15 entry.
To do this, you need to read price bar /candlestick pattern very well. I spent some time in the M15 thread and did some good M15 trading.
You can call that scalp my way into a H4 trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,980
  • Aug 23, 2013 6:54am Aug 23, 2013 6:54am
Quoting emmanuel7788
{quote} I don't scalp on H4 but I trade H4 candle with M15 entry. To do this, you need to read price bar /candlestick pattern very well. I spent some time in the M15 thread and did some good M15 trading. You can call that scalp my way into a H4 trade.
Yes u are right


but i am trying to use this method for scalp! because of entry signs!

I think it may be the best way to scalp with full lot!

One question:


Do u pay attention to change of polarity?! ( supp becomes res / res becomes Supp )

thank u Emmanuel

best regards
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