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Trading Made Simple

  • #24,581
  • Sep 4, 2013 8:44am Sep 4, 2013 8:44am
Quoting Uk1
{quote} Very funny!! "ready........." "Set....." " and.... Go!!"

It will be up to him... BoJ' Governor Kuroda statement tomorrow. The last time he made a statement, Yen rallied.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,582
  • Sep 4, 2013 8:55am Sep 4, 2013 8:55am
Quoting emmanuel7788
{quote} It will be up to him... BoJ' Governor Kuroda statement tomorrow. The last time he made a statement, Yen rallied. {image}
Ah, I'm going to look out for your cryptic clues in future....
Uk1
  • #24,583
  • Sep 4, 2013 8:57am Sep 4, 2013 8:57am
Quoting Pipsmurfer
Just took this long on GU. Daily trend turned at the bottom of a channel, TDI on H4 makes nice cross up. Any comment is welcome {image} {image}
Update of my GU long Yesterday. Stop loss was under prev week 50%,

I entered on the 15 min chart, 25 % + 41, 25% + 61, 50% SL +33. But I,m still Bullish on this one, looking for a new entry.
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  • #24,584
  • Sep 4, 2013 9:16am Sep 4, 2013 9:16am
Quoting emmanuel7788
EJ week 36 - 4 Sep NY {image} Refer to chart above: EJ is in consolidation (shaded grey box). Will be looking trade the breakout of this grey box.
if i try to plan the big picture it comes out this way. now what a i doing wrong?
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Come tomorrow, I'll wake up new
  • #24,585
  • Sep 4, 2013 9:26am Sep 4, 2013 9:26am
Quoting Uk1
{quote} gsbharaj, I hope you dont mind me commenting, but perhaps I can offer you some insight from another learning trader (8 months down the line). I tried making many things work at the beggining (pivots / fibs etc) that others have found worked for them, I jumped from one thing to another because 'nothing worked'. My mindset was this should work for me, as its worked for others. I was doing this without even having an in depth understanding of price action and how it reacts to support and resistance, what S and R I should consider and how this...
i agree with you sir. but after trading using the pivot points i realized that they don't offer so much help/ the ultimate technique is to swing trade using the S&R. i am trying to trade using the big picture and by following bigE setups. i have blown my accounts and now i am trying to make some support and resistance levels. need help!
Come tomorrow, I'll wake up new
  • #24,586
  • Sep 4, 2013 9:40am Sep 4, 2013 9:40am
Quoting munirpt
Here are my trades for the week. A green week is always a good thing. Made some mistakes managing some trades and missed some moves on Tuesday which was the DAY OF THE WEEK TO TRADE! Anyway still happy with the results. {image} {image} {image}
Hi Phx62,
excuse me for delay...but thanks for you charts!
  • #24,587
  • Sep 4, 2013 9:42am Sep 4, 2013 9:42am
ok another attempt to make big picture out of NZD/CHF
please correct me if wrong!
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Come tomorrow, I'll wake up new
  • #24,588
  • Sep 4, 2013 10:01am Sep 4, 2013 10:01am
Quoting gsbharaj
ok another attempt to make big picture out of NZD/CHF please correct me if wrong! {image}
I'm not sure, what is you question?
  • #24,589
  • Sep 4, 2013 10:04am Sep 4, 2013 10:04am
Quoting Dabbeljoe
{quote} I'm not sure, what is you question?
i want to know if i did correctly
Come tomorrow, I'll wake up new
  • #24,590
  • Sep 4, 2013 10:07am Sep 4, 2013 10:07am
Quoting gsbharaj
{quote} i want to know if i did correctly
Oke, yeah, you made a correct big picture of NZD/CHF.

Just joking. What do you want to know, if you put the S/R levels at the right spot? Or if the indicators are good? Or what?
  • #24,591
  • Sep 4, 2013 10:20am Sep 4, 2013 10:20am
Quoting Dabbeljoe
{quote} Oke, yeah, you made a correct big picture of NZD/CHF. Just joking. What do you want to know, if you put the S/R levels at the right spot? Or if the indicators are good? Or what?
yup i want to know if i put the monthly and the weekly S&R correctly..lately having a bad time putting on the chart
Come tomorrow, I'll wake up new
  • #24,592
  • Sep 4, 2013 10:35am Sep 4, 2013 10:35am
First trade I took today, manual close when I see pullback on M15
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  • #24,593
  • Sep 4, 2013 10:41am Sep 4, 2013 10:41am
Quoting gsbharaj
{quote} yup i want to know if i put the monthly and the weekly S&R correctly..lately having a bad time putting on the chart
gsbharaj,
If you need to learn more about S and R I would read as much as you can fill your mind with about S and R (Books / google / any resources as well as FF) and then you will build confidence through your own learning process, confidence is key. You get paid in confidence when you go through the learning process. I'm still learning but i could write pages on S and R, you need to read other resources (babypips is a good start) to get an in depth, good, consistent, grasp of this.

Just my humble opinion.... again....
UK1
  • #24,594
  • Sep 4, 2013 10:43am Sep 4, 2013 10:43am
Quoting emmanuel7788
EJ week 36 - 4 Sep NY {image} Refer to chart above: EJ is in consolidation (shaded grey box). Will be looking trade the breakout of this grey box.
Finally, break out.
I'll manage this trade until I see revert signal.
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  • #24,595
  • Sep 4, 2013 10:43am Sep 4, 2013 10:43am
Quoting gsbharaj
{quote} yup i want to know if i put the monthly and the weekly S&R correctly..lately having a bad time putting on the chart
Oke, but you posted a H4 chart, so I can't see if they are oke.

Maybe this is helpful: http://www.stratsforextrading.com/do...awing_sr_lines
Did you learn everything on http://www.babypips.com/school? That's really well explained and a complete teaching program. There's probably a good explanation about s/r levels too.
  • #24,596
  • Sep 4, 2013 11:00am Sep 4, 2013 11:00am
USDCAD 4H Trade

Trade entered once the first bar is confirmed. Bar closed below EMA 5 with TDI clearly shown a CLEAN BOUNCE.

SL was set at previous high around -35/36 with TP around 40-45.

Closed my trade at +40.
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  • #24,597
  • Sep 4, 2013 11:01am Sep 4, 2013 11:01am
A good sample of BUY entry! ( E/U H4 )


Good angle & MBL is Broken!
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  • #24,598
  • Sep 4, 2013 11:10am Sep 4, 2013 11:10am
Quoting Dabbeljoe
{quote} Oke, but you posted a H4 chart, so I can't see if they are oke. Maybe this is helpful: http://www.stratsforextrading.com/do...awing_sr_lines Did you learn everything on http://www.babypips.com/school? That's really well explained and a complete teaching program. There's probably a good explanation about s/r levels too.
yup i have read all these but still i am not confident about it.

the dark purple is the monthly S&R and the dark orange is the weekly S&R
Come tomorrow, I'll wake up new
  • #24,599
  • Sep 4, 2013 11:14am Sep 4, 2013 11:14am
Bounce trade confirmed on 4H EURUSD, can enter when price go lower...
  • #24,600
  • Sep 4, 2013 11:17am Sep 4, 2013 11:17am
a strong monthly S&R broken in EUR/JPY.
Come tomorrow, I'll wake up new
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