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Trading Made Simple

  • #25,021
  • Sep 13, 2013 9:19am Sep 13, 2013 9:19am
Quoting thomi
{quote} . {image} {image} {image}
Technically, Monthly chart TF looks very tempting. We shall see how much momentum above 1.6330.

Fundamentally, don't see reason for a stronger GBP vs CAD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,022
  • Sep 13, 2013 9:57am Sep 13, 2013 9:57am
This weeks trades on EJ H1.....
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  • #25,023
  • Sep 13, 2013 10:00am Sep 13, 2013 10:00am
Phx, did you do any gold trading this week?
  • #25,024
  • Sep 13, 2013 10:34am Sep 13, 2013 10:34am
Quoting Phx62
This weeks trades on EJ H1.....{image}
Amazing
i worshipped... Momentum
  • #25,025
  • Sep 13, 2013 1:04pm Sep 13, 2013 1:04pm
Quoting Phx62
This weeks trades on EJ H1.....{image}
Hello Phx62, inspiring as usual. what made you take the decision to short during this mornings movement? the previous trades you took because the tdi was below the mbl. The price this morning was still above the mbl. For PA, there was a pullback candle prior to your trade that tested a S/R zone. If I woke up take that trade, I wouldve actually bought. Even if I did short, I would've waited until price broke or at least headed down near the low of the pullback candle. What signals did i miss that would indicate a short?

thanks
  • #25,026
  • Sep 13, 2013 1:59pm Sep 13, 2013 1:59pm
Quoting Phx62
This weeks trades on EJ H1.....{image}
brilliant trades, teach us master Have a good weekend
(sorry - English is not my native language)
  • #25,027
  • Sep 13, 2013 2:56pm Sep 13, 2013 2:56pm
Quote
This weeks trades on EJ H1.....

Inspiring as usual sir , thank you for sharing
  • #25,028
  • Sep 13, 2013 3:05pm Sep 13, 2013 3:05pm
Quoting tenmilewalk
{quote} Hello Phx62, inspiring as usual. what made you take the decision to short during this mornings movement? the previous trades you took because the tdi was below the mbl. The price this morning was still above the mbl. For PA, there was a pullback candle prior to your trade that tested a S/R zone. If I woke up take that trade, I wouldve actually bought. Even if I did short, I would've waited until price broke or at least headed down near the low of the pullback candle. What signals did i miss that would indicate a short? thanks
.
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  • #25,029
  • Sep 13, 2013 3:27pm Sep 13, 2013 3:27pm
Quoting mary4x
Phx, did you do any gold trading this week?
I did 5 gold trades on demo.....4 were good trades and 1 reversed on me for a loss.
  • #25,030
  • Sep 13, 2013 3:32pm Sep 13, 2013 3:32pm
Quoting emmanuel7788
{quote} I don't see which candle was your entry... and I don't see any sell setup after LO today

Thanks for your response. Here is a chart for you with my entry and exit point. I thought after the first blue candle the price will go down. In the end this was a good trade, but ....... very very risky.

You can also see the trades i took on EJ this week. Any opinions ?


Regards,
FX94
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  • #25,031
  • Sep 13, 2013 3:39pm Sep 13, 2013 3:39pm
Quoting tenmilewalk
{quote} Hello Phx62, inspiring as usual. what made you take the decision to short during this mornings movement? the previous trades you took because the tdi was below the mbl. The price this morning was still above the mbl. For PA, there was a pullback candle prior to your trade that tested a S/R zone. If I woke up take that trade, I wouldve actually bought. Even if I did short, I would've waited until price broke or at least headed down near the low of the pullback candle. What signals did i miss that would indicate a short? thanks
It was a price action trade.....there was a double top on the two candles just before LO.......then the first two candles of London set the high of the session and created a second double top....... the fifth candle (blue) tried to test the London session high, then pulled back.....the next candle was a red candle that moved short and pulled back but once the entry candle moved short a few pips following the open of that candle and the TDI had crossed over red and the 50 line, I took the trade. Part of that decision was based on my testing that shows most of the time the high or low of the London session is set in the first two hours and then quite often, price will move in one direction for several hours.....this was the case this morning.
  • #25,032
  • Sep 13, 2013 3:43pm Sep 13, 2013 3:43pm
Quoting Phx62
{quote} It was a price action trade.....there was a double top on the two candles just before LO.......then the first two candles of London set the high of the session and created a second double top....... the fifth candle (blue) tried to test the London session high, then pulled back.....the next candle was a red candle that moved short and pulled back but once the entry candle moved short a few pips following the open of that candle and the TDI had crossed over red and the 50 line, I took the trade. Part of that decision was based on my testing...
thanks
  • #25,033
  • Sep 13, 2013 4:19pm Sep 13, 2013 4:19pm
Quoting Phx62
This weeks trades on EJ H1.....{image}
Truly brilliant trading as usual
  • #25,034
  • Sep 13, 2013 9:06pm Sep 13, 2013 9:06pm
Quoting Fx94
{quote} Thanks for your response. Here is a chart for you with my entry and exit point. I thought after the first blue candle the price will go down. In the end this was a good trade, but ....... very very risky. You can also see the trades i took on EJ this week. Any opinions ? Regards, FX94 {image}
Fx94,

Always remember the very fundamentals in trading;
We trade what we see happening on our charts. Never trade what we think we see.
Price Action will show you where price is, what it does and where it can go.
Always question why price reacts after each candle. You are trading 4H, you have plenty of time to analyse after each H4 candle and also the HTF and LTF.

Price will always reacts at 10/50/200 and also the BRN and RN.

Now you can see EJ at BRN 132.00 and 131.75, there is a history swing level. ... (131.73 to be precise, LOL)
On H1 you will see a H1 Master Candle, this is good for Monday LTF trading. ... at least a 40ips trade.

Learn and practice more Price Action trading and let the TDI confirms the Price Action.

Have a Good Weekend.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,035
  • Sep 13, 2013 11:02pm Sep 13, 2013 11:02pm
Quoting Phx62
This weeks trades on EJ H1.....{image}
Neat and straightforward. The best trading summary again!
When people see a part time trader made this huge profit especillay in this difficult week, they would lose speech.
Thank you for sharing your chart and have a nice weekend Sir.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,036
  • Edited Sep 14, 2013 1:48am Sep 13, 2013 11:27pm | Edited Sep 14, 2013 1:48am
Quoting Phx62
This weeks trades on EJ H1.....{image}
Hi Phx62, studying your charts makes a lot of sense, and shows that simplicity is all we need to trade this TMS and PA

I would like to ask you about your first trade on 09-09-2013 long , entry was taken way into the top of the candle, the setup candle moved actually way far north

what made you take the trade?

thanks sir
I Have Learned to Take Some Losses to Make Profits
  • #25,037
  • Sep 14, 2013 1:52am Sep 14, 2013 1:52am
Hello Phx62,
Thank you, as ever, for posting your trades for last week.
I'd be grateful if you could answer these questions.
(1) When you entered in the bar before LO on Tuesday, why didn't you enter in the previous bar when price broke the previous day's high and the Asian session high?
(2) When you entered in the bar 2 hours before LO on Wednesday, did your reasons for entry include all of the following: H4 divergence in overbought, H1 green moving below MBL which was in overbought, and H1 bearish engulfing bar?
(3) When you entered mid-bar in the bar after LO on Thursday, were your reasons just trend continuation and pullback from potential high of the session in the first two bars?

Thanks,
Kan
Thanks for your help, warmth and straight talking Heather.
  • #25,038
  • Sep 14, 2013 5:12am Sep 14, 2013 5:12am
any plans for next week lads?

nice trading desk.
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  • #25,039
  • Sep 14, 2013 5:50am Sep 14, 2013 5:50am
Next week, I will work harder to take personal responsibility for the mistakes I made this week.

Trading Mistakes

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,040
  • Sep 14, 2013 6:08am Sep 14, 2013 6:08am
Quoting emmanuel7788
Next week, I will work harder to personal responsibility for the mistakes I made this week. Trading Mistakes https://www.youtube.com/watch?v=KegN5UgDZ4s
you are right. if we won't learn from our mistakes we will never be good traders.i did mistakes last week as well. i have a notes and there are all mistakes. so will see next week. my big problem is still risk , sometimes im taking bigger lost than i should

what do you think emanuel

i will wait for sell signal comfirmation usd/jpy
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