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Trading Made Simple

  • #25,501
  • Sep 26, 2013 12:15am Sep 26, 2013 12:15am
Quoting Imi
ej H1 70 pips within an hour, {image} {image}
Very nice trade, I was watching the market the time it pushes up, didn't plan at the time which was 5 a.m. my time so not my time of trading but been noticing that EJ most of the time when makes a move during Asian session this is the time to look for entries so in my local time would be 4 a.m. and 5 a.m.

I like the way you show up your daily candle and relate that to entries on the H1 , this is what am learning at the moment

Keep posting we can learn a lot from you

Thanks a lot
I Have Learned to Take Some Losses to Make Profits
  • #25,502
  • Sep 26, 2013 1:12am Sep 26, 2013 1:12am
am testing the sys in a small live account am in nzd/jpy buy and looking good soo i plan to exit on cross of tdi
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpyh4.png Size: 31 KB
thankyou gregwilson
  • #25,503
  • Sep 26, 2013 1:57am Sep 26, 2013 1:57am
Quoting WDays
{quote} This chart isn't meant to bias you, it is just to give you a different perspective... Plain eyeball, too, since I don't trade AJ nor do I take LT setups. This is what I see, though. The daily trendline (lime green) was broken and pair is traded below it... In the meantime there's an H1 trendline (dotted goldenrod trendline) which has held... The thick horizontal line (golden line) is a daily support which was broken on H1 and H4. The vertical dotted gray line is where the daily TDI crossed to the downside. My bias is to the downside, which...

Now THIS was an AJ long setup imo
Attached Image (click to enlarge)
Click to Enlarge Name: AJ.png Size: 59 KB
  • #25,504
  • Sep 26, 2013 2:17am Sep 26, 2013 2:17am
Two 4H setups - GBPAUD and GBPNZD.

Comparing the two charts below, which one would you take and why?

GBPNZD:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD week 39 26 Sep LO 26-9-2013 3-10-53 PM.png Size: 28 KB


GBPAUD:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week 39 26 Sep LO 26-9-2013 3-13-08 PM.png Size: 26 KB


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,505
  • Sep 26, 2013 2:41am Sep 26, 2013 2:41am
Quoting emmanuel7788
Two 4H setups - GBPAUD and GBPNZD. Comparing the two charts below, which one would you take and why? GBPNZD: {image} GBPAUD: {image} Trade Well.

am planning on entering gbd/aud because it will be timely gbp/nzd has already moved 2 candles down thenx for the tip on the upcoming trades
thankyou gregwilson
  • #25,506
  • Sep 26, 2013 4:39am Sep 26, 2013 4:39am
i like the position of tdi cross in gbp/nzd its at 68 area unlike gbp/aud well i dint take any trade as yet ...eur/cad looked good to sell i missed it
thankyou gregwilson
  • #25,507
  • Sep 26, 2013 4:40am Sep 26, 2013 4:40am
Quoting njokie
{quote} am planning on entering gbd/aud because it will be timely gbp/nzd has already moved 2 candles down thenx for the tip on the upcoming trades

that were two of the easiest and quickest London session 50pips this week...

now you all saw what H4 TMS 'scalping' is about.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,508
  • Sep 26, 2013 4:43am Sep 26, 2013 4:43am
Quoting njokie
i like the position of tdi cross in gbp/nzd its at 68 area unlike gbp/aud well i dint take any trade as yet ...eur/cad looked good to sell i missed it
GBPNZD looks cleaner with no nearby support , so the dive was into calmer waters. The next support is much further down +250 pips away

GBPAUD as we see has choppy waves which can be rough to dive into. next support is 130pips away.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,509
  • Sep 26, 2013 4:44am Sep 26, 2013 4:44am
EJ took a 360 degrees turn around.... anyone caught that?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,510
  • Sep 26, 2013 5:29am Sep 26, 2013 5:29am
Quoting emmanuel7788
EJ took a 360 degrees turn around.... anyone caught that?
Yep, +57 pips, TP just above the Daily -50% fib
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpytp.png Size: 38 KB
  • #25,511
  • Sep 26, 2013 5:32am Sep 26, 2013 5:32am
Quoting emmanuel7788
{quote} that were two of the easiest and quickest London session 50pips this week... now you all saw what H4 TMS 'scalping' is about.

i need to train myself how to scalp london session am now in page 50 of the thread seriously the sys rocks whats in TDI that makes the entries soo timely lol
thankyou gregwilson
  • #25,512
  • Sep 26, 2013 5:34am Sep 26, 2013 5:34am
Quoting Pipsmurfer
{quote} Yep, +57 pips, TP just above the Daily -50% fib {image}


someone robbed the banks ....good work
thankyou gregwilson
  • #25,513
  • Sep 26, 2013 6:21am Sep 26, 2013 6:21am
Quoting Pipsmurfer
{quote} Yep, +57 pips, TP just above the Daily -50% fib {image}

very nice, classic H1 type of trade entry.

observe closely how the market play the RN today 133.00 , 133.75
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,514
  • Sep 26, 2013 6:25am Sep 26, 2013 6:25am
Quoting Pipsmurfer
{quote} Yep, +57 pips, TP just above the Daily -50% fib {image}
Offcourse a little explanation is needed. My overall bias on EJ is bullish because of the H4 channel, look at the image. I was prepared to go long by break of 133.94 (plan A) price three times tried to break during Asian Session. But then there was an indecision candle enthe next candle went red. So time for plan B. Price broke below the indecison candle and TDI crossed, I went short. Target - 50 Previous DFib. + 57 pips. At this moment price bounced on the lowest border of the channel. When TDI breaks up again on H1 I will go long. But that won't be before the NY session, so we will be patient
Attached Image(s) (click to enlarge)
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  • #25,515
  • Sep 26, 2013 7:04am Sep 26, 2013 7:04am
AU NYO sell H4 scalp 30pips RR 1:1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,516
  • Sep 26, 2013 7:16am Sep 26, 2013 7:16am
Quoting emmanuel7788
AU NYO sell H4 scalp 30pips RR 1:1

I am in @ 0.93787 25 SL 35 TP
Nothing is True Everything is Permitted
  • #25,517
  • Sep 26, 2013 7:21am Sep 26, 2013 7:21am
Quoting emmanuel7788
Two 4H setups - GBPAUD and GBPNZD. Comparing the two charts below, which one would you take and why? GBPNZD: {image} GBPAUD: {image} Trade Well.
Hey Emmanuel,


I would take the GBPNZD set up because of - previous 5 candles were all IBs and all failed to make a HH; all 5 were Ibs on a MC at beginning of consolidation; the set up candle broke the MC low and also does not have any lower wick, and also close price of CS was close to the low of the CS

Reasons against GBPAUD trade was that the CS before set up candle had wicks on both ends and also set up candle has wicks on both ends also. There seems to be no major reasons for taking the trade other than candle changed colour.

Is this correct?

I am still learning about myself and trying to change my mindset to that of a trader!

A major factor in helping me improve my management of trades to get better entries and exits has been switching to a MTF screen on MT4. I now have 3 Tfs on screen at the same time (D, H1, M15). Whereas before i was switching between TFs on different screens and trading even 2 different pairs like this was impossible due to confusion. So having all the info needed on 1 screen per pair has been a huge help and has seen me improve my consistency a lot.

I am sure other traders here ahve not done what i done originally, but if you have, I would advise to set up your system to have MTF charts on 1 screen per pair!


regards

paul
  • #25,518
  • Sep 26, 2013 7:31am Sep 26, 2013 7:31am
This is an amazing thread, I've been lurking for so many years and it's the only thread that has made me want to sign up for an account and thank you guys for the amazing ideas and strategies, haha.

Cheers! Will try to participate more in the conversations!
  • #25,519
  • Sep 26, 2013 7:47am Sep 26, 2013 7:47am
Quoting irishtoffy
{quote} Hey Emmanuel, I would take the GBPNZD set up because of - previous 5 candles were all IBs and all failed to make a HH; all 5 were Ibs on a MC at beginning of consolidation; the set up candle broke the MC low and also does not have any lower wick, and also close price of CS was close to the low of the CS Reasons against GBPAUD trade was that the CS before set up candle had wicks on both ends and also set up candle has wicks on both ends also. There seems to be no major reasons for taking the trade other than candle changed colour. Is this...
Hi Paul,

It is not about being correct. It should be that we must be consistent in the way we analyse the charts and make decisions consistently.

You have identified the master candle for GBPNZD which is very important trade decision over GBPAUD.

What you need to do is to identify the historical support and resistance for both pairs and you will have more information to decide which pair has a higher probability for a profit run with fewer support obstacles. This is very important to make decision between which pair to trade.

The other factor I look at is the trading range of the pairs. GBPNZD has a much wider range than GBPAUD. Hence more pips + $$$ potential.

You MTF using three screen is good approach and many people here already are doing it. But you have to decide on the PA on higher TF like H4 and D must be given more weight for trade setups and decisions.

Remember the 10 things I mentioned many time before. We all must have the skills to see those 10things on our charts all the time. The more practice, the better and we can see the 10 things in shorter time.

The rest of the stuff like money management, risk management, trade size, exit management, etc. are all prep work and we have them ready at all times. We focus in look for good entries .

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,520
  • Sep 26, 2013 7:49am Sep 26, 2013 7:49am
Quoting dezzy
This is an amazing thread, I've been lurking for so many years and it's the only thread that has made me want to sign up for an account and thank you guys for the amazing ideas and strategies, haha. Cheers! Will try to participate more in the conversations!

Hi dezzy,

WELCOME!

where have you been the past many years?

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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