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Trading Made Simple

  • #25,041
  • Sep 14, 2013 6:21am Sep 14, 2013 6:21am
Quoting emmanuel7788
Next week, I will work harder to take personal responsibility for the mistakes I made this week. Trading Mistakes https://www.youtube.com/watch?v=KegN5UgDZ4s

very good video emmanuel
  • #25,042
  • Sep 14, 2013 7:38am Sep 14, 2013 7:38am
Quoting emmanuel7788
Next week, I will work harder to take personal responsibility for the mistakes I made this week. Trading Mistakes https://www.youtube.com/watch?v=KegN5UgDZ4s
Thank you for another weekend interesting video.
I enjoyed it.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,043
  • Sep 14, 2013 7:42am Sep 14, 2013 7:42am
Quoting Bangokar
any plans for next week lads? nice trading desk. {image}
Wow, super professional trading environment! By the way, where's the window? Perhaps, I would like to have a room for trading in which I can see trees and birds through windows during my trading. Not now but, someday I hope I can have one.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,044
  • Sep 14, 2013 8:12am Sep 14, 2013 8:12am
Quoting heispark
{quote} Wow, super professional trading environment! By the way, where's the window? Perhaps, I would like to have a room for trading in which I can see trees and birds through windows during my trading. Not now but, someday I hope I can have one.
Here is my mobile trading concept.

Attached Image


Always on the move....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,045
  • Sep 14, 2013 9:38am Sep 14, 2013 9:38am
well after analyzing all my past trades i realized that i am psychological not prepared for trading. i always panicked. i dont look at the price action i dont know what i was doing. i was entering my trades during the asian sessions and lost most of them as during london open most of the trades reverse. now i am on a new trading psychology. will see how it works.

now i will strictly trade the london and the us open. nothing else
Come tomorrow, I'll wake up new
  • #25,046
  • Sep 14, 2013 10:09am Sep 14, 2013 10:09am
Quoting heispark
{quote} Wow, super professional trading environment! By the way, where's the window? Perhaps, I would like to have a room for trading in which I can see trees and birds through windows during my trading. Not now but, someday I hope I can have one.

you are right man. i would have window as well. too dark is there
  • #25,047
  • Sep 14, 2013 10:15am Sep 14, 2013 10:15am
Quoting emmanuel7788
{quote} 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...

I do agree with your saying on Price Action trading. Just my little contribution.
Attached Image (click to enlarge)
Click to Enlarge Name: ej4.png Size: 40 KB
The market pays you to be disciplined
  • #25,048
  • Sep 14, 2013 10:29am Sep 14, 2013 10:29am
Quoting TraderInc
{quote} I do agree with your saying on Price Action trading. Just my little contribution. {image}
Nice clean charts with fib ret and ext, I use Fibonacci, still tho lot to learn how to draw them right , they can be very powerful when used in conjunction with TMS and Price Action especially to look for trades with the trend
I Have Learned to Take Some Losses to Make Profits
  • #25,049
  • Sep 14, 2013 10:46am Sep 14, 2013 10:46am
Quoting TheScorpS
{quote} Nice clean charts with fib ret and ext, I use Fibonacci, still tho lot to learn how to draw them right , they can be very powerful when used in conjunction with TMS and Price Action especially to look for trades with the trend
Hi TSS, your are right. I use range bars to determine price actions at certain levels and make those calculated trades.
The market pays you to be disciplined
  • #25,050
  • Edited 11:16am Sep 14, 2013 10:59am | Edited 11:16am
Quoting TheScorpS
{quote} 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
The setup candle was the final candle on Friday. The entry candle was the opening candle of the week.....there was a two day gap between the two candles and I would not trade any setup on the final candles of a week. The entry candle opened just below my entry (you can see the light blue tick on the left side of the candle where it opened). I really only intended to scalp a few pips on the open of the week based on the strength of the move over the weekend but price gave up the 50 pips (barely).
  • #25,051
  • Sep 14, 2013 11:15am Sep 14, 2013 11:15am
Quoting Kanderpro
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...
1. Price broke through the resistance but failed to sustain it movement and immediately pulled back. I waited until I was certain that price would continue long before entering the trade.
2. Price set a new high and then tested it without breaking the high, creating a double top. With a break below that candle, I took the short confirmed by the TDI moving down out of the oversold area. I highlighted the area where even the yellow MBL had entered the oversold area and was flattening and turning down. I also had TDI confirmation of green below red and yellow.
3. Yes....as I stated on the chart, I was still only looking for short trades based on the TDI and was look for the high of the London session to be set in the first 2 hours. And finally, as you picked up on, price was still in a steep downtrend and I expected that to continue or if not, then go into consolidation.....either way, I would have been ok. Price did move down some and then consolidated for a couple of hours before continuing to the TP.
Hope this answers you questions.......
  • #25,052
  • Sep 14, 2013 11:55am Sep 14, 2013 11:55am
Quoting emmanuel7788
{quote} Here is my mobile trading concept. {image} Always on the move....
If it's realized, i even wouldn't envy Warren Buffet!
Live another day with a great dream........
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,053
  • Sep 14, 2013 11:58am Sep 14, 2013 11:58am
Quoting Phx62
{quote} The setup candle was the final candle on Friday. The entry candle was the opening candle of the week.....there was a two day gap between the two candles and I would not trade any setup on the final candles of a week. The entry candle opened just below my entry (you can see the light blue tick on the left side of the candle where it opened). I really only intended to scalp a few pips on the open of the week based on the strength of the move over the weekend but price gave up the 50 pips (barely).
Thanks a lot, I can see your reasoning now looking at it at the chart, thanks
I Have Learned to Take Some Losses to Make Profits
  • #25,054
  • Sep 14, 2013 2:07pm Sep 14, 2013 2:07pm
Quoting Bangokar
any plans for next week lads? nice trading desk. {image}
I plan to buy some more monitors. My trading desk suddenly seems inadequate
We're all just one trade away from humility.
  • #25,055
  • Sep 14, 2013 2:12pm Sep 14, 2013 2:12pm
Quoting Drewas
{quote} I plan to buy some more monitors. My trading desk suddenly seems inadequate
i bought one monitor but i don't use it. i like just laptop.
  • #25,056
  • Sep 14, 2013 11:48pm Sep 14, 2013 11:48pm
I'd like to watch NU carefully with TDI confirmation in coming week....

Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,057
  • Sep 15, 2013 3:36am Sep 15, 2013 3:36am
Quote
i bought one monitor but i don't use it. i like just laptop
I have two laptops. One is constantly online and watches the market. Another one for the daily operation and options trading through a web interface.
Greed and fear kills traders
  • #25,058
  • Sep 15, 2013 4:31am Sep 15, 2013 4:31am
Hi All
Simple question. To make a more SNIPEr version of TDI, any wise suggestions? I just don't want to fiddle without some input first. If i am not clear, waht I mean is a less trades/more accurate TDI crossing (green on red of course) The rsi can get smoother but then green is choppy
  • #25,059
  • Sep 15, 2013 4:32am Sep 15, 2013 4:32am
Quoting heispark
I'd like to watch NU carefully with TDI confirmation in coming week.... http://youtu.be/pvDsS1NtGg8
i have a short based on same idea (double top near strong resistance). hope it works nicely:

Attached Image (click to enlarge)
Click to Enlarge Name: fM7ddGQ.png Size: 49 KB
  • #25,060
  • Sep 15, 2013 4:58am Sep 15, 2013 4:58am
Quoting kwonkicker
{quote} i have a short based on same idea (double top near strong resistance). hope it works nicely: {image}
NZDUSD week 38:

Nice H1 entry.

Your H1 chart show a wide range D bar which potentially can be a Master Candle to trade next week depends on which end it will swing to.

My H4 view attached.

.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD week 38 view.png Size: 36 KB


watch out those swing levels....
let PA show which direction of the breakout. For 4H swing traders,
Learn to observe those Master Candles, TDI cross when PA is inside the Master Candle are not good trade entry. Wait for the breakout.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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