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Trading Made Simple

  • #25,081
  • Sep 15, 2013 11:29am Sep 15, 2013 11:29am
Quoting gsbharaj
hello. i have feeds from three brokers and when i draw the S&R zones all are different from each other. so what to look for?

that's simple, you post three(3) charts of the different brokers and I will help you chose the one which you will trade from now onwards.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,082
  • Sep 15, 2013 11:32am Sep 15, 2013 11:32am
Quoting gsbharaj
hello. i have feeds from three brokers and when i draw the S&R zones all are different from each other. so what to look for?
??

Is that pivots? Or manually drawn S/R levels? Some brokers draw a sunday candle and indicators that use the previous hi/lo of the day or week (pivots, a simple yday's high/low indi and so on) draw wrong S/R levels because they have the incorrect high and low.

As for manually drawn levels, I have no idea how you can have 3 charts showing 3 different things o.O can you show us what you mean?
  • #25,083
  • Sep 15, 2013 1:07pm Sep 15, 2013 1:07pm
Quoting emmanuel7788
{quote} Yes, if you did not follow the PA for the 2 days, then you would have to enter when the breakout candle close above the high of the Master Candle. However, for this GBPCAD trade, we had established on Wed the Master Candle and also the base for buyers, so we can look for LTF entry before the breakout. This will give a better price buy entry and smaller initial SL hence better position size and overall better R:R.
Thanks , this clearly helps a lot, I will back test this too
I Have Learned to Take Some Losses to Make Profits
  • #25,084
  • Sep 15, 2013 2:30pm Sep 15, 2013 2:30pm
Quoting Phx62
{quote} 1. Price broke through the resistance but failed to sustain ......... Hope this answers your questions.......
Hello Phx62,
Thanks very much for taking the time to answer my questions.
Analysing your trades, recently realising the value of the TDI, and Rick's daily top-down analysis with reference to the H4 MBL have enabled me to make great progress.
Thanks,
Kan
Thanks for your help, warmth and straight talking Heather.
  • #25,085
  • Sep 15, 2013 5:05pm Sep 15, 2013 5:05pm
crazy gaps, mixed a little our plans
  • #25,086
  • Sep 15, 2013 5:33pm Sep 15, 2013 5:33pm
Quoting Bangokar
crazy gaps, mixed a little our plans
history repeats itself ... kiwi 0.8200 see weekly.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,087
  • Sep 15, 2013 9:46pm Sep 15, 2013 9:46pm
I tried to quote your post Emanuel but couldn't

I found this about MC www.forexfactory.com/showthread.php?t=140130, and tried to understand what you told me but I cannot unfort.... why is not the candle a master candle? it has 4 candles at least within it's wings so to speak....then one candle breaks it and to me that was a false signal
thanks for you answer
  • #25,088
  • Sep 15, 2013 11:16pm Sep 15, 2013 11:16pm
Quoting thewriter30
I tried to quote your post Emanuel but couldn't I found this about MC www.forexfactory.com/showthread.php?t=140130, and tried to understand what you told me but I cannot unfort.... why is not the candle a master candle? it has 4 candles at least within it's wings so to speak....then one candle breaks it and to me that was a false signal thanks for you answer

you should be looking at the real price bar /candlesticks and not the APB/HA.

I had mentioned before, the APB/HA Open do not show the real price highs and lows.

Post your AU chart again but please show the chart real price in Foreground and use the Bar Chart so you can see its Open and Close and also the High and Low vertical bar over the APB/HA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,089
  • Sep 16, 2013 1:31am Sep 16, 2013 1:31am
hi evry one
can anyone give me last indicator and tempelt ?
thanks
  • #25,090
  • Sep 16, 2013 1:58am Sep 16, 2013 1:58am
Quoting endof.forex
hi evry one can anyone give me last indicator and tempelt ? thanks

endof.forex,

the indicators and template remain the same as your last post 13460 almost 2 years ago.

have you been successful in trading TMS since Nov 2011?

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,091
  • Sep 16, 2013 1:59am Sep 16, 2013 1:59am
EJ H1 16 Sep:

Anyone have reason to short EJ on H1 yet?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,092
  • Sep 16, 2013 2:09am Sep 16, 2013 2:09am
Quoting emmanuel7788
{quote} history repeats itself ... kiwi 0.8200 see weekly.

see my previus comment. i wrote that kiwi should go to 0.820
it is very strong level
  • #25,093
  • Sep 16, 2013 2:15am Sep 16, 2013 2:15am
Quoting emmanuel7788
EJ H1 16 Sep: Anyone have reason to short EJ on H1 yet?

trades like this near pivot are good usualy but something telling me stay away from this trade. i dont trade before news .
  • #25,094
  • Sep 16, 2013 2:20am Sep 16, 2013 2:20am
Quoting emmanuel7788
EJ H1 16 Sep: Anyone have reason to short EJ on H1 yet?
at frankfurt open it really tempted me to go short. but i didnot take my chances as i waited for the london open. the price is at a support level. it will touch and possibly shoot north. lets see how it turns.
Come tomorrow, I'll wake up new
  • #25,095
  • Sep 16, 2013 3:11am Sep 16, 2013 3:11am
Quoting emmanuel7788
EJ H1 16 Sep: Anyone have reason to short EJ on H1 yet?
At the moment, the selling pressure don't seem to be able to push it further as there seems to be good support at 131.90. The intraday move is still up.
The market pays you to be disciplined
  • #25,096
  • Sep 16, 2013 3:28am Sep 16, 2013 3:28am
no PA at e/u
Come tomorrow, I'll wake up new
  • #25,097
  • Sep 16, 2013 3:29am Sep 16, 2013 3:29am
Phx62,

Hi,

can I ask what relevance or how you use the extra tdi levels 25 & 75 ??

thanks
  • #25,098
  • Sep 16, 2013 3:38am Sep 16, 2013 3:38am
Quoting gsbharaj
{quote} at frankfurt open it really tempted me to go short. but i didnot take my chances as i waited for the london open. the price is at a support level. it will touch and possibly shoot north. lets see how it turns.
In my experience it is rare that a major move would occur monday morning, most times price would range (just as it has today), however in the afternoon things are helluva lot different...
  • #25,099
  • Sep 16, 2013 3:53am Sep 16, 2013 3:53am
Quoting Nellycopter
Phx62, Hi, can I ask what relevance or how you use the extra tdi levels 25 & 75 ?? thanks
Hi,


I'm also interested in this
  • #25,100
  • Sep 16, 2013 4:12am Sep 16, 2013 4:12am
GU week 38 16 Sep :

4H short ... double top, bearish piercing candle....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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