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Trading Made Simple

  • #25,101
  • Sep 16, 2013 4:35am Sep 16, 2013 4:35am
today i had my entry strictly according to the TMS rules. looking good so far. lets see where the line hooks up.
Come tomorrow, I'll wake up new
  • #25,102
  • Sep 16, 2013 5:15am Sep 16, 2013 5:15am
Quoting gsbharaj
today i had my entry strictly according to the TMS rules. looking good so far. lets see where the line hooks up.
Chart?
  • #25,103
  • Sep 16, 2013 5:34am Sep 16, 2013 5:34am
usd/chf
Come tomorrow, I'll wake up new
  • #25,104
  • Sep 16, 2013 6:42am Sep 16, 2013 6:42am
Quoting gsbharaj
usd/chf

i think he meant it literally
  • #25,105
  • Sep 16, 2013 6:47am Sep 16, 2013 6:47am
Quoting gsbharaj
today i had my entry strictly according to the TMS rules. looking good so far. lets see where the line hooks up.
gsbharaj,

Does this mean you sorted out which of the three brokers with different server time and decided to use one? Which one?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,106
  • Sep 16, 2013 6:49am Sep 16, 2013 6:49am
Quoting gsbharaj
usd/chf
Please post your chart so we can see which timeframe you are trading and what line you are referring to.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,107
  • Sep 16, 2013 6:51am Sep 16, 2013 6:51am
i shorted GBPCHF for variety of reasons, and ill close half of the position at just above the weekly pivot. feels wrong tho.

Attached Image (click to enlarge)
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my NZDUSD short got stopped out obviously, and i bought usdchf at market open for 35pip or so, hit target. Still have eurj long from 131.95 with 30pip stop. targeting 70pip or so hopefully. but giving banks are done resting, i recon its gonna be a wild week. especially gbpusd. man, what a pair in the butt.
  • #25,108
  • Sep 16, 2013 6:56am Sep 16, 2013 6:56am
Quoting TraderInc
{quote} 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.

EJ H1:

When there is no major news/event to move the market, ,.. that is regular market condition.
So we see psychological reaction at EMAs 10/50/200 and BRN, RNs, 00,25,50,75....
price chopping up and down while being trapped in a Master Candle.


.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,109
  • Sep 16, 2013 7:10am Sep 16, 2013 7:10am
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...
Thank you for your help !!
  • #25,110
  • Sep 16, 2013 7:24am Sep 16, 2013 7:24am
Quoting emmanuel7788
{quote} EJ H1: When there is no major news/event to move the market, ,.. that is regular market condition. So we see psychological reaction at EMAs 10/50/200 and BRN, RNs, 00,25,50,75.... price chopping up and down while being trapped in a Master Candle. .

i think will re-test level 132.700
  • #25,111
  • Sep 16, 2013 7:55am Sep 16, 2013 7:55am
Quoting emmanuel7788
{quote} Please post your chart so we can see which timeframe you are trading and what line you are referring to.
i will keep you posted about it. right now riding the USD/DKK
will post charts tomorrow.
Come tomorrow, I'll wake up new
  • #25,112
  • Sep 16, 2013 7:57am Sep 16, 2013 7:57am
Quoting Phx62
This weeks trades on EJ H1.....{image}

Hi,
I am using also your boxes for London session and US session. Can you please tell me your parameters for the input, because i would also like to have dashed lines and black volume where i can see the candles better. My broker is IBFX Australia with the time GMT +0.

Regards,
FX94
  • #25,113
  • Sep 16, 2013 7:59am Sep 16, 2013 7:59am
Quoting emmanuel7788
GU week 38 16 Sep : 4H short ... double top, bearish piercing candle....

Hey emmanuel,
I took a short trade after this double top, but now i am -28 pips. The price is now at the resistance at about 1.5957. Should i hold the trade or close it?
Ho should i react generally in such situations ?

Regards,
FX94
  • #25,114
  • Sep 16, 2013 8:01am Sep 16, 2013 8:01am
Quoting emmanuel7788
{quote} EJ H1: When there is no major news/event to move the market, ,.. that is regular market condition. So we see psychological reaction at EMAs 10/50/200 and BRN, RNs, 00,25,50,75.... price chopping up and down while being trapped in a Master Candle. .
Where do you see a Master Candle in EJ H1 ?

Regards,
FX94
  • #25,115
  • Sep 16, 2013 8:06am Sep 16, 2013 8:06am
i now realized that price action is the king. thank you so much guys
Come tomorrow, I'll wake up new
  • #25,116
  • Sep 16, 2013 8:08am Sep 16, 2013 8:08am
Quoting Fx94
{quote} Hey emmanuel, I took a short trade after this double top, but now i am -28 pips. The price is now at the resistance at about 1.5957. Should i hold the trade or close it? Ho should i react generally in such situations ? Regards, FX94
just wait for the US news at 18:45. maybe that could revert it back.
Come tomorrow, I'll wake up new
  • #25,117
  • Sep 16, 2013 8:18am Sep 16, 2013 8:18am
Quoting gsbharaj
{quote} just wait for the US news at 18:45. maybe that could revert it back.

you will never became trader if you will only take trades of other people. use your own brain and test system what will suit to your own personality
  • #25,118
  • Sep 16, 2013 8:26am Sep 16, 2013 8:26am
Quoting Bangokar
{quote} you will never became trader if you will only take trades of other people. use your own brain and test system what will suit to your own personality
who told you i took someone's else trade?

read the posts and then reply.


regards
Come tomorrow, I'll wake up new
  • #25,119
  • Sep 16, 2013 8:31am Sep 16, 2013 8:31am
Quoting gsbharaj
{quote} just wait for the US news at 18:45. maybe that could revert it back.

puuuhhhh..........price is pulling back, now -12 pips for me.
The Price couldīt break the resistance area today................
  • #25,120
  • Sep 16, 2013 8:42am Sep 16, 2013 8:42am
Quoting Fx94
{quote} Hey emmanuel, I took a short trade after this double top, but now i am -28 pips. The price is now at the resistance at about 1.5957. Should i hold the trade or close it? Ho should i react generally in such situations ? Regards, FX94

Do Not micro-manage your 4H trades.
Set your SL and TPs, walk away and do other things in life.
You should only check 2 candles H4 later after entry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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