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Trading Made Simple

  • #27,001
  • Oct 29, 2013 11:15am Oct 29, 2013 11:15am
Quoting munirpt
This is a GJ trade i entered today. Try to understand the process behind the trade.... As you can see, i didnt took the trade because of TDI. I took the trade because of the setup. Then i went to 15TF, saw a red candle, with TDI cross, with bearish divergence and pulled the trigger. now its time to wait for the 1H timeframe to confirm that price will continue in my direction. {image}
Nice to read from you as always munirpt
Do you draw your butterfly manually?
.... laughing all the way to the bank
  • #27,002
  • Oct 29, 2013 11:22am Oct 29, 2013 11:22am
Hi Munir,

Thanks for the great chart analysis. I agree that one must 1st identify the setup, and then find the entry by way of the TDI.

Your posts are appreciated, and have helped me a lot.


Martin
  • #27,003
  • Oct 29, 2013 11:22am Oct 29, 2013 11:22am
Quoting itsallover
{quote} Nice to read from you as always munirpt Do you draw your butterfly manually?

... and thanx for the vouch...lol... lets not overdo it now guys... I'm still on a diet ...lol
.... laughing all the way to the bank
  • #27,004
  • Oct 29, 2013 11:59am Oct 29, 2013 11:59am
Quoting itsallover
{quote} Nice to read from you as always munirpt Do you draw your butterfly manually?
Hi itsallover

I do all the drawings myself. was pretty bad at school in the drawing business, but with a PC, got a good hang of it!
  • #27,005
  • Oct 29, 2013 12:06pm Oct 29, 2013 12:06pm
Quoting snarlyjack
Good morning everyone, Here is my (long) trade from last night, the eur/jpy. Keep in mind that I set my trades on the L/O on the 4 hour chart and go to bed, then liquidate out when I get up on the N/Y open/ Like Eelfranz did. sj {image} {image} {image}
Dear SJ

1. Did you also enter using the 4H crossover like Big E used to do? Because I see you posted 3 charts/ 3 different timeframes.
2. Do you use Guppy to filter ranging periods and if yes on which TF?ut I think the
3. 3rd question is about bollinger bands but I think the video should answer this. (downloading now)
  • #27,006
  • Oct 29, 2013 12:09pm Oct 29, 2013 12:09pm
Quoting crazyewok
Ok this method is insane. Now im in the swing of it Im going to pull a 50% acount increase off this month I can see why Eelfranz said buy a golden wheel barrow for the pips! Im not even risking much or doing anything outside the method, just tradeing when the signals align on the 4 and 1 hour charts takeing into acount supports/resistances and fundementals. I had modest expectations starting this system and so far its blown me away. Now I dont expect to increase my acount 50% every month thats unrealistic ( I think) but just 2-5% would put...
That's good to hear. What sessions are you trading and which pairs?
And how are you aligning the 1h and 4h? Do you see the crossover on the 1h and then enter when the 4h crosses?
  • #27,007
  • Oct 29, 2013 12:17pm Oct 29, 2013 12:17pm
Took a trade with GBP/USD after the APB candles showed momentum. I'm on my work computer so i do not have my MT4 so i cant show the TDI, but i placed an arrow showing where in entered. Unfortunately a few hours later there was a retrace and a spike up that hit my S/L. I'll be dang that price continued in the direction i thought it was and it would have been a nice winner. If you look at the daily chart it shows a clear double top. I seem to have a hard time gauging my S/L. Thoughts?

http://imageshack.com/a/img708/6280/j6t1.jpgUploaded with ImageShack.com
  • #27,008
  • Oct 29, 2013 12:21pm Oct 29, 2013 12:21pm
Mark up,

If you take a look at this video, Daryl Guppy talks about
the count back line. (Taking profits in todays markets).

It's kinda a long video, 45 minutes, but very interesting.

sj

http://forexscalping101.blogspot.com...MA%20-%20Guppy
  • #27,009
  • Oct 29, 2013 12:34pm Oct 29, 2013 12:34pm
Aminhakim,

When I look at a trade. About 1 hour after the L/O my 4 hour
candle updates to a new candle. While waiting for the 4 hour
candle to update, I will study the weekly, daily, 4 hour & 1 hour charts.
After I look at these 4 charts, I will go hmmm, what do I think?

Once I feel pretty comfortable with the direction of the trend. I'll
make my buy, set my stop and turn off the computer and go to bed.
I'll try to get up 4 hour later (6:00 a.m. my time, N/Y open) and
liquidate out of the position or drop down to a 1 hour chart and
tightly manage the trade. Once I liquidate out I tend to go back
to bed for another 2-3 hours.

Crazyewok is correct in post # 27006, that is how I trade.
Crazyewok...your doing great, keep going!

sj
  • #27,010
  • Oct 29, 2013 12:35pm Oct 29, 2013 12:35pm
Quoting Agk007
Took a trade with GBP/USD after the APB candles showed momentum. I'm on my work computer so i do not have my MT4 so i cant show the TDI, but i placed an arrow showing where in entered. Unfortunately a few hours later there was a retrace and a spike up that hit my S/L. I'll be dang that price continued in the direction i thought it was and it would have been a nice winner. If you look at the daily chart it shows a clear double top. I seem to have a hard time gauging my S/L. Thoughts? {image}Uploaded with ImageShack.com...
Hi agk007

This is how i see GU at the moment.
i market in red the best spots to enter the market.
Stops are to be placed above previous structure ( i normally place it 10 pips above structure).
also attached your chart with how i would trail the stop.
hope that this helps

Munir
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  • #27,011
  • Oct 29, 2013 12:49pm Oct 29, 2013 12:49pm
Quoting aminhakim
{quote} That's good to hear. What sessions are you trading and which pairs? And how are you aligning the 1h and 4h? Do you see the crossover on the 1h and then enter when the 4h crosses?


Only trade London session. If trades spill over to others session then fair enough but only start trades in the London at 10am and 2pm. I avoid trading if there is high impact new expected and trade after to avoid sudden trends reversals. I only trade 1 hour if it’s following the 4 hour trend and check the 4 hour against the daily and weekly trends. I don’t wait when trading 1 hour for the 4 hour to cross, as long as the trends is in the right direction. I avoid trading near supports and resistances unless its breaks them. And I avod consolidations like the plague.

As for pairs USD/EU, USD/JPY, USD/ GBP, USD/AUD, USD/NZD, USD/CHF, EU/CHF, GBP/CHF, GBP/JPY, AUD/JPY, CHF/JPY, EU/JPY. As long as there in movenment really.

Leverage is 1:50 and Risk/Reward is 1:1 with a tight trailing stop.
  • #27,012
  • Oct 29, 2013 12:50pm Oct 29, 2013 12:50pm
Quoting crazyewok
{quote} And I avod consolidations like the plague.
  • #27,013
  • Oct 29, 2013 12:57pm Oct 29, 2013 12:57pm
Quoting munirpt
{quote} Hi agk007 This is how i see GU at the moment. i market in red the best spots to enter the market. Stops are to be placed above previous structure ( i normally place it 10 pips above structure). also attached your chart with how i would trail the stop. hope that this helps Munir {image} {image}
Very nice analysis munirpt
.... laughing all the way to the bank
  • #27,014
  • Oct 29, 2013 2:12pm Oct 29, 2013 2:12pm
Quoting munirpt
{quote}

... only problem with some types of consolidation is that you don't know until too late that you're in one.....
.... laughing all the way to the bank
  • #27,015
  • Oct 29, 2013 2:35pm Oct 29, 2013 2:35pm
Quoting itsallover
{quote} ... only problem with some types of consolidation is that you don't know until too late that you're in one.....
True but if you keep a eye on where your support and resistance you can sort of keep clear.

And if you make a trade based on strong signals and you find yourself in consolidation then chances are the trend will continue eventually as it was just catching "breath".
  • #27,016
  • Oct 29, 2013 2:36pm Oct 29, 2013 2:36pm
Quoting crazyewok
{quote} True but if you keep a eye on where your support and resistance you can sort of keep clear. And if you make a trade based on strong signals and you find yourself in consolidation then chances are the trend will continue eventually as it was just catching \"breath\".
very true....
.... laughing all the way to the bank
  • #27,017
  • Oct 29, 2013 4:49pm Oct 29, 2013 4:49pm
Quoting snarlyjack
Mark up, If you take a look at this video, Daryl Guppy talks about the count back line. (Taking profits in todays markets). It's kinda a long video, 45 minutes, but very interesting. sj http://forexscalping101.blogspot.com...MA%20-%20Guppy

Hi snarlyjack Having read some of your posts re the GMMA I want to find out a bit more about the Guppy system. Have you read any of Daryl Guppy's books?
  • #27,018
  • Oct 29, 2013 5:36pm Oct 29, 2013 5:36pm
Quoting crazyewok
{quote} True but if you keep a eye on where your support and resistance you can sort of keep clear. And if you make a trade based on strong signals and you find yourself in consolidation then chances are the trend will continue eventually as it was just catching \"breath\".
Hello my friend,

I like your approach to trading this syste. Do you mind sharing your template? I've struggled with TMS before and would like to give a shot at trading it along with support/resistance and consolidation zones as per your advice.

Best regards,

Diego
  • #27,019
  • Oct 29, 2013 5:51pm Oct 29, 2013 5:51pm
Quoting munirpt
{quote} Hi agk007 This is how i see GU at the moment. i market in red the best spots to enter the market. Stops are to be placed above previous structure ( i normally place it 10 pips above structure). also attached your chart with how i would trail the stop. hope that this helps Munir {image} {image}
Thanks munirpt! I guess i really need to be more confident in this system when it comes to S/L. It seems most of the time i have the direction correct, but i get stopped out of the market because im afraid it will turn on me. I will try to be more lenient with my S/L. Again thanks for taking time to respond!
  • #27,020
  • Oct 29, 2013 8:18pm Oct 29, 2013 8:18pm
Quoting munirpt
This is a GJ trade i entered today. Try to understand the process behind the trade.... As you can see, i didnt took the trade because of TDI. I took the trade because of the setup. Then i went to 15TF, saw a red candle, with TDI cross, with bearish divergence and pulled the trigger. now its time to wait for the 1H timeframe to confirm that price will continue in my direction. {image}
hi munript, am in the same trade also.

may the pips be with you
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