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Trading Made Simple

  • #25,701
  • Oct 2, 2013 2:29am Oct 2, 2013 2:29am
Quoting pinux76
[INFO EJ 4H] It's a correct the Master candle and the break below and break yesterday low ... for short?? but tdi is "low"36 point" {image}
what is "low 36 point" and why is this part of your rule?

in strong trending market, the TDI can goes below to 20-level in bearish market and also to the 80-level in bullish trends.

PA with momentum and volatility is more important over the TDI. The TDI only show you what happen in the last 13-periods...never never never forget this.

Do visual back-testing and you will learn this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,702
  • Oct 2, 2013 2:33am Oct 2, 2013 2:33am
Today H1 trading on all JPY pairs is so easy...

Those who got pips ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,703
  • Oct 2, 2013 2:37am Oct 2, 2013 2:37am
Quoting tenmilewalk
{quote} nice trade munirpt. why did you take it?
As you can see price was making lower lows and lower highs, indicating downtrend. Also I entered on first red candle with TDI confirmation (cross of green with red, below MBL, below 50). I was expecting a ABCD completion with a target of 100 pips.
As i woke up i checked the trade on my iphone and i closed the trade by mistake....
Lesson : dont get lazy, and go to the computer to trade, instead of trading from bed...
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  • #25,704
  • Oct 2, 2013 2:38am Oct 2, 2013 2:38am
EJ Golden Cross:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,705
  • Oct 2, 2013 2:46am Oct 2, 2013 2:46am
This is a trade I took this morning (this time at the computer.... ) using PASR principles.
So here it goes:
I was expecting a reaction at the previous resistance, now to become support (marked with blue line.)
When i saw some reaction there, i drilled to 15M chart to have a quick entry.
Waited for price to start making Higher High, Higher Low, waited for a proper TDI cross with blue candle and entered.
As you can see on the TDI, green crossed red, above MBL and above 50. This is an example of a perfect textbook entry, using Higher timeframe and Support and Resistance to confirm what price might do.
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  • #25,706
  • Oct 2, 2013 2:58am Oct 2, 2013 2:58am
Quoting davson90
+100 pips ej +50 pips aud thanks phx65 {image} {image}
great trades!
  • #25,707
  • Oct 2, 2013 3:00am Oct 2, 2013 3:00am
Here another Golden Cross, this time it is GJ:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,708
  • Oct 2, 2013 3:21am Oct 2, 2013 3:21am
Another trade from confluence of ABCD completion, ADR, RN, Support Level for a quick scalp of 35 pips.
Made more than 100 pips today. Done for the day!
Now its time to close MT4 and focus on work...
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  • #25,709
  • Oct 2, 2013 3:45am Oct 2, 2013 3:45am
Quoting munirpt
Another trade from confluence of ABCD completion, ADR, RN, Support Level for a quick scalp of 35 pips. Made more than 100 pips today. Done for the day! Now its time to close MT4 and focus on work... {image}

munirpt,

Well done! Enjoy the moment.



Folks,

Trading can be easy but only to those who knows what they are looking for and had spent the time to study and have done their trading plan every weekend and every day.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,710
  • Oct 2, 2013 3:48am Oct 2, 2013 3:48am
gu still open
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  • #25,711
  • Oct 2, 2013 4:07am Oct 2, 2013 4:07am
Hi everyone, Couple of trades from this morning.
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Give yourself a chance and trade it like it's layed out...
  • #25,712
  • Oct 2, 2013 5:01am Oct 2, 2013 5:01am
EURNZD, EURCAD and EURAUD D trading:

Those who were stalking and took buy positions for these pairs the past 2 weeks should be happy.

EURNZD developing very nicely into new Up trend.

EURCAD already running up.

EURAUD rising but struggles with weak data released.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,713
  • Oct 2, 2013 5:14am Oct 2, 2013 5:14am
Quoting davson90
gu still open {image}
Your trades are looking good I am reviewing them on lower t frame, I have noticed that you have your atr and adv on main screen and have seen this on other postings by other traders is this an indicator you use because I have looked hi and lo and can't seem to find one
  • #25,714
  • Oct 2, 2013 5:17am Oct 2, 2013 5:17am
GU found support 1.6170 historical resistance now act as support.
We shall see how much it will recover from yesterday's drop.
Must watch 1.6250 to see how it will break this level.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,715
  • Oct 2, 2013 6:16am Oct 2, 2013 6:16am
Quoting emmanuel7788
GU found support 1.6170 historical resistance now act as support. We shall see how much it will recover from yesterday's drop. Must watch 1.6250 to see how it will break this level.

Hi Emmanuel,
Did you Short GU ? If not why? I did but I am wondering if you didn't what was your reasons.
Thanks
Failure, is a wonderful teacher!
  • #25,716
  • Edited 6:44am Oct 2, 2013 6:25am | Edited 6:44am
Quoting munirpt
Textbook clean trade on EJ {image}
well done, nice trade.
I took the same trade, ej +75 pips
also, it was a pullback to PW Low at orange line 132.65
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If you're going through hell, keep going. Winston Churchill
  • #25,717
  • Oct 2, 2013 6:34am Oct 2, 2013 6:34am
gu h1, +60
H4 divergence , double top pullback candles
h1 entry
Attached Image (click to enlarge)
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If you're going through hell, keep going. Winston Churchill
  • #25,718
  • Oct 2, 2013 6:35am Oct 2, 2013 6:35am
Hey guys, took this trade last night, though i set a sell stop. Price had broke through previous support and returned to test the level as resistance, and i placed my stop so price would have already broke out of the consolidation. my TP was set to the last low on my chart and my SL was set at the nearest S/R level. +63 Pips overnight. What do you guys think? What could i have done better?

http://imageshack.com/a/img407/9339/wjne.pngUploaded with ImageShack.com
  • #25,719
  • Oct 2, 2013 6:40am Oct 2, 2013 6:40am
Quoting mike1349
{quote} Hi Emmanuel, Did you Short GU ? If not why? I did but I am wondering if you didn't what was your reasons. Thanks

4H swing trading:
Primary Trend is UP. Price Trend on D and W is UP. TDI trend on D and W also UP.
PA above week open and above Weekly Pivot - NO selling.

I posted earlier, there is correction but no reversal yet.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,720
  • Oct 2, 2013 6:48am Oct 2, 2013 6:48am
Quoting emmanuel7788
{quote} 4H swing trading: Primary Trend is UP. Price Trend on D and W is UP. TDI trend on D and W also UP. PA above week open and above Weekly Pivot - NO selling. I posted earlier, there is correction but no reversal yet.

Thanks .So I guess trading that correction in H1 is ok . You are waiting for reversal in H4.
I got it Emmanuel
Thanks
Failure, is a wonderful teacher!
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