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Trading Made Simple

  • #25,181
  • Sep 17, 2013 11:01am Sep 17, 2013 11:01am
Quoting Bangokar
usd / jpy sold {image}

one trade profit target 95 pips and second 110 pips

we'll see
  • #25,182
  • Sep 17, 2013 11:32am Sep 17, 2013 11:32am
one from yesterday, still in play
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  • #25,183
  • Sep 17, 2013 1:19pm Sep 17, 2013 1:19pm
lads , sell eur/usd for small lots, target 1.29600. stop loss 80 pips
  • #25,184
  • Sep 17, 2013 1:35pm Sep 17, 2013 1:35pm
Quoting kwonkicker
And there is this AUDUSD trade: {image} PS: setups usually occur on H4 or D1 and trades are taken on as low as M15 - TL breaks, hi/low breaks, bounces with divergence ect.

got stopped out on this one. but seeing how the rally created harmonic cypher, i entered on next TMS signal. tho harmonics require a stoploss above 9380, i will stick to TMS rules and put stoploss of 15 pips or so. 2 positions this time, cant monitor so the first one has a tp of 30pips or so. second one has tp of 60pips.

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  • #25,185
  • Sep 17, 2013 1:42pm Sep 17, 2013 1:42pm
Quoting kwonkicker
{quote} got stopped out on this one. but seeing how the rally created harmonic cypher, i entered on next TMS signal. tho harmonics require a stoploss above 9380, i will stick to TMS rules and put stoploss of 15 pips or so. 2 positions this time, cant monitor so the first one has a tp of 30pips or so. second one has tp of 60pips. {image}
Good Cypher pattern on AUD/USD , I took the same trade short but on the H1, lets see how this cypher works out, even tho my concern per TMS rule is that TDI at the moment is flat which indicate an exit situation
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I Have Learned to Take Some Losses to Make Profits
  • #25,186
  • Sep 17, 2013 2:13pm Sep 17, 2013 2:13pm
Quoting TheScorpS
{quote} Good Cypher pattern on AUD/USD , I took the same trade short but on the H1, lets see how this cypher works out, even tho my concern per TMS rule is that TDI at the moment is flat which indicate an exit situation {image}

i havent mastered that aspect just yet if there is a close where i want it to be i just take it lol. lower tf means lower risk, so i took it on M30. ill add if i get stopped out and get another signal afterwards, unless 9390 is taken out.
  • #25,187
  • Sep 17, 2013 2:32pm Sep 17, 2013 2:32pm
Quoting Bangokar
lads , sell eur/usd for small lots, target 1.29600. stop loss 80 pips
On what E/U timeframe do you base your advice? I don't see any TMS setup anywhere to sell...
  • #25,188
  • Sep 17, 2013 2:36pm Sep 17, 2013 2:36pm
Quoting Dabbeljoe
{quote} On what E/U timeframe do you base your advice? I don't see any TMS setup anywhere to sell...
that's secret
  • #25,189
  • Sep 17, 2013 3:36pm Sep 17, 2013 3:36pm
Quoting munirpt
One of my longest trades ever in 1H charts.... 40 H in a trade....Ufff {image} {image}
Looks like you have mastered the patience aspect of trading during ranging times.......nice job munirpt......
  • #25,190
  • Sep 17, 2013 4:18pm Sep 17, 2013 4:18pm
Quoting Phx62
{quote} Looks like you have mastered the patience aspect of trading during ranging times.......nice job munirpt......
Thanks Phx. It helps to have the opportunity to learn from a trader like you!
  • #25,191
  • Sep 17, 2013 6:01pm Sep 17, 2013 6:01pm
Quoting emmanuel7788
{quote} USDJPY week 38: .. {image} .. I see a possible down move 35 to 55pips in a narrow H4 channel. {image} Look at LTF H1, you may see a breakout.
UJ week 38 18 Sep Update:

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That huge gap down came as surprise. No chance to do a sell.
Then price went into consolidation and the bounce off the .... (guess what?).

Attached Image (click to enlarge)
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Price went back up to the upper H4 channel and now again in consolidation.
A MC shows up and a trade potential of 35pips R.

This one a bit more tricky as there is the 10/50/200 in play around this with RNs00,25,50,75.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,192
  • Sep 17, 2013 6:11pm Sep 17, 2013 6:11pm
Quoting Bangokar
lads , sell eur/usd for small lots, target 1.29600. stop loss 80 pips

very tempting, but price is in NTZ.
I prefer to wait till I see my favourite type of setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,193
  • Sep 17, 2013 7:25pm Sep 17, 2013 7:25pm
Quoting emmanuel7788
{quote} very tempting, but price is in NTZ. I prefer to wait till I see my favourite type of setups.
NTZ= No Trade Zone ?
  • #25,194
  • Sep 17, 2013 7:34pm Sep 17, 2013 7:34pm
Potential CT setup on Gold 4H....
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  • #25,195
  • Sep 17, 2013 7:40pm Sep 17, 2013 7:40pm
AU Daily Update...
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  • #25,196
  • Sep 17, 2013 7:59pm Sep 17, 2013 7:59pm
Quoting munirpt
{quote} NTZ= No Trade Zone ?

yes, you know my language...

FTZ = Free Trade Zone
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,197
  • Sep 17, 2013 8:03pm Sep 17, 2013 8:03pm
Quoting munirpt
Potential CT setup on Gold 4H.... {image}
Maybe intra-week correction, too much speculative in LTF.

I trade only HTF for XAU ...see my D chart view.
The August rally was 'predictable'.
Price structure changed since completion of CD-leg.

Now watching those 2009 and 2010 rally levels.

Attached Image (click to enlarge)
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Trade XAU like trading stocks, not like trading spot forex.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,198
  • Sep 18, 2013 1:32am Sep 18, 2013 1:32am
Market condition 18 Sep

market is in very tight ranges.
with FOMC at 2pm NY, there will be surprises as usual.
After that, we have;
NZ GDP in the pipe line and China having holidays tomorrow.
So be careful with the local times of these countries when you are trading.

Liquidity will come, be PATIENT.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,199
  • Sep 18, 2013 2:46am Sep 18, 2013 2:46am
Quoting Sniper887
{quote} Hi Emmanuel Im also looking at EUR/CAD and EUR/AUD. Here is a summary on my view: EUR/AUD - In the Weekly we had a Piercing Pattern followed by a Shooting star after a significant rally at a round Number of 1.50 and former Ressistance. This looks like a confluence area My Plan is to short at the former Support of 1.4450-1.4480 if bearish Candlesticks appear near this area. If price shoots trough this ressitance i will wait to see if uptrend continues. If Price breaks below the Doij without testing former Support of 1.4450 this is also a...
Quoting Sniper887
{quote} Hi Emmanuel Here my thoughts on the EUR/CAD - Weekly uptrend since July 2012. Price made a powerfull retracement at the former Resistance around 1.41. The blue candle reaching the 1.41 and the following 2 red candles form a Shooting star if you look at the them as one. - The Pair is supportet at the area around 1.3650 and there is also an uprising trendline which is in Place since July 2012 that can act as support. Therefore we have some support confluence below current PriceAction - On the other hand there could be forming a H&S Formation...
Hi Sniper887,

Thanks for sharing your EURAUD and EURCAD charts and views.

I see that you have a consistent top down approach which is good.

EUR has been weak against the AUD, NZD and CAD, and recent days show consolidation, so we can expect another big move anytime soon.
With the German elections is this weekend, we have to see how the market will react next week. Optimism can mean a stronger EUR but I will no make any guess now and wait for the market to show the direction then hop into the next trending phase.

A couple of tier one news the coming days ahead until this month end. So we prepare to ride the next wave.

Trade Well.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,200
  • Sep 18, 2013 2:52am Sep 18, 2013 2:52am
i think there is no buyers at all on eur
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