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Trading Made Simple

  • #27,061
  • Oct 30, 2013 6:06am Oct 30, 2013 6:06am
UsdChf

Possible short for the 4 hr traders to look at.

I will be monitoring for a pullback on smaller time frames
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh4.png Size: 52 KB
  • #27,062
  • Oct 30, 2013 6:06am Oct 30, 2013 6:06am
Quoting munirpt
{quote} These are the possibilities im looking at to trade this pair. Lets see what reaction we get when price get to those levels {image}

munirpt what do you think about this ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
Take what the market gives you.
  • #27,063
  • Oct 30, 2013 6:09am Oct 30, 2013 6:09am
Quoting munirpt
{quote} These are the possibilities im looking at to trade this pair. Lets see what reaction we get when price get to those levels {image}
Nice one mate.

I still think we could be bearish! Its coming up to the 76.8 Fib.
Give yourself a chance and trade it like it's layed out...
  • #27,064
  • Oct 30, 2013 6:21am Oct 30, 2013 6:21am
Emmanuel, great to see you around!

thanks for sharing.
b


Quoting emmanuel7788
Hi TMS lovers, \"Project TMS-II\" Some of you wanted to know the progress of my system development project and I had promised to keep you up to date. Instead of replying to individual PMs, I thought it would interest more people when I post something here. It has been 3 months of work done so far and the progress is good and as my team had planned and expected. My team have decided that our new baby needs a name, so we call her \"TMS-II\". We are still in live trading tests this month and will take another month till end November. Attached is a...
  • #27,065
  • Oct 30, 2013 6:27am Oct 30, 2013 6:27am
Quoting gulayetty
{quote} bizzle good trade on your first chart why did you not enter at the arrow indicated see chart {image}
I don't trade Thurs and Fri!

If I am in 4 hour trades I keep an eye on them but I hardly ever open trades during Thurs or Fri!

The trade you pointed at was on a Thurs.
Give yourself a chance and trade it like it's layed out...
  • #27,066
  • Oct 30, 2013 6:31am Oct 30, 2013 6:31am
Well i was planning on trading long NZD/USD at the London open, but i slept through my alarm and missed a good opportunity to make some pips. Oh well there's next time. (i need to set a louder alarm).

http://imageshack.com/a/img716/3491/7bvd.pngUploaded with ImageShack.com
  • #27,067
  • Oct 30, 2013 6:33am Oct 30, 2013 6:33am
Quoting Bizzzle
Currently long EJ TDI crossed green over red over yellow also made a higher low at 38.2 Fib. {image}
Jump down to 15min on my EJ trade and can see some divergence!
Attached Image (click to enlarge)
Click to Enlarge Name: 15min EJ.png Size: 27 KB
Give yourself a chance and trade it like it's layed out...
  • #27,068
  • Oct 30, 2013 6:38am Oct 30, 2013 6:38am
Quoting Bizzzle
{quote} Jump down to 15min on my EJ trade and can see some divergence! {image}
Closed for 20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 30th EJ closed.png Size: 35 KB
Give yourself a chance and trade it like it's layed out...
  • #27,069
  • Oct 30, 2013 6:48am Oct 30, 2013 6:48am
Hello folks,

Trades on H1 this morning (since about 7am CET):

E/J +20
C/J +35
E/U +15 (it was rallying on H4, so I put tight TP just below the H1 middle Bollinger line, naturally agreeing on a previous resistance zone)
U/C +15-ish (same thing except it was a retrace, only put TP between 12-15 pips, usually the retrace is a bit weaker than on E/U)

One thing I started doing, which made me even more profitable yesterday, is putting buy/sell stop orders at start of each hour (if conditions are met ofc). Previous weeks I've been late on so many trades to the point of frustration. So now I just look at PA on higher TF's as a compass and their TDI. My condition for entry is a before a potentially nice cross on H1 and possible H4 cross, the position of the yellow line also being considered. I put TP at previous major S/R (round numbers included). Only if it's a possible clear retrace on H4 I enter with small TP (like above). Buy/sell stops are put above (if buy) or below (if sell) the blue MA's, I fine the place by looking at previous few candles and S/R.

So far all trades profitable. Roughly 250 pips this week so far.


Comments and criticism very welcome.
  • #27,070
  • Oct 30, 2013 6:58am Oct 30, 2013 6:58am
Quoting Lane
Hello folks, Trades on H1 this morning (since about 7am CET): E/J +20 C/J +35 E/U +15 (it was rallying on H4, so I put tight TP just below the H1 middle Bollinger line, naturally agreeing on a previous resistance zone) U/C +15-ish (same thing except it was a retrace, only put TP between 12-15 pips, usually the retrace is a bit weaker than on E/U) One thing I started doing, which made me even more profitable yesterday, is putting buy/sell stop orders at start of each hour (if conditions are met ofc). Previous weeks I've been late on so many trades...
You're doing great Lane.... whats to criticize?
.... laughing all the way to the bank
  • #27,071
  • Edited 7:14am Oct 30, 2013 7:04am | Edited 7:14am
Quoting Flaviu1981
{quote} I don't understand why you enter in the first trade! Can you tell me what are the reasons please?
Hi Flaviu,

I took the first trade almost base on M15 chart, you can see on attach chart below. Here I have some condition
- Green line above Red and above MBL (just below 50 line)
- Price make double bottom (134.270)
- TDI is up trend
- On the H1, price try to pull through 61.8 fib of previous swing but can not.
I also pretend price can test this bottom again hence I put SL just 5 pip below the double bottom point.
Hope it help..

Edit: attach chart
Attached Image (click to enlarge)
Click to Enlarge Name: 10-30-2013 3-04-47 PM.png Size: 42 KB
  • #27,072
  • Oct 30, 2013 7:10am Oct 30, 2013 7:10am
Quoting Bizzzle
{quote} Closed for 20 pips {image}
Was in the same trade , closed for + 13 pips
I Have Learned to Take Some Losses to Make Profits
  • #27,073
  • Oct 30, 2013 7:23am Oct 30, 2013 7:23am
Quoting itsallover
{quote} You're doing great Lane.... whats to criticize?
Thanks mate, but you know.. there's always something. The results are good for now we'll see in a few days or weeks
  • #27,074
  • Oct 30, 2013 7:31am Oct 30, 2013 7:31am
Quoting TheScorpS
{quote} Was in the same trade , closed for + 13 pips
Give yourself a chance and trade it like it's layed out...
  • #27,075
  • Oct 30, 2013 8:06am Oct 30, 2013 8:06am
Quoting Tiggrrr
{quote} munirpt what do you think about this ? {image}
understood. this is still GJ.
no, i dont recommend it. not enough confluence for my taste....
wait for it to get to one of those levels.... meanwhile only longs are allowed, until it get to the resistance which also has a confluence of ABCD pattern completion.
can you see it?
  • #27,076
  • Oct 30, 2013 8:25am Oct 30, 2013 8:25am
Good morning everyone,

Digf,
When I first started I checked out a lot of systems here at ff.
Some system's I liked, some I didn't. What I like about
this system is, it works and has allowed me much more
accuracy and freedom in my trading. It is very visual
and it makes sense to me. It's a good one!

sj
  • #27,077
  • Oct 30, 2013 8:30am Oct 30, 2013 8:30am
Lot's of new people here...

Welcome... to Trading Made Simple!

This is a great way to trade and their are alot
of excellent traders here that are willing to
help you. So...have a cup of coffee, start
reading and looking at charts and most
important of everything...have fun.

Trading can be fun and very interesting...
and welcome to tms.

sj
  • #27,078
  • Oct 30, 2013 8:50am Oct 30, 2013 8:50am
Emmanuel,

I love systems! Thank you for working on
your new one. I hope it works great and
is a total money maker. Knowing you it
could be a great system. Give it a good tune up.

The 4 hour eur/usd chart is starting to look
interesting. Their is a lot of strength in the trend.
So...watch this one!

sj
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmh4.png Size: 77 KB
  • #27,079
  • Oct 30, 2013 9:16am Oct 30, 2013 9:16am
Quoting emmanuel7788
Hi TMS lovers, \"Project TMS-II\" Some of you wanted to know the progress of my system development project and I had promised to keep you up to date. Instead of replying to individual PMs, I thought it would interest more people when I post something here. It has been 3 months of work done so far and the progress is good and as my team had planned and expected. My team have decided that our new baby needs a name, so we call her \"TMS-II\". We are still in live trading tests this month and will take another month till end November. Attached is a...
Great work Emmanuel

Best of luck
Give yourself a chance and trade it like it's layed out...
  • #27,080
  • Oct 30, 2013 9:24am Oct 30, 2013 9:24am
Quoting snarlyjack
Emmanuel, I love systems! Thank you for working on your new one. I hope it works great and is a total money maker. Knowing you it could be a great system. Give it a good tune up. The 4 hour eur/usd chart is starting to look interesting. Their is a lot of strength in the trend. So...watch this one! sj {image}
Hey SJ, here are my thoughts (and no I don't mean to sound like an expert here ), just tell me what's your opinion on them.

On the weekly, the price is moving towards a major high (1.42) and the green looks almost completely flat and on 68 line.
On the daily, green has made a high sharp cross of the red and is now crossing the yellow. The red candles are pretty small though and look more like a weak retracement and together with the last blue ones - consolidation.
On the H4 (the one in your post) the current price (yellow horiz. line is struggling against an earlier high - the one after strong bullish movement before it started consolidating (1.3770ish). Then the price went up a bit to consolidate at the round 1.38, a strong resistance zone, which in my eyes would be the only reasonable TP, everything above would be much risk.

However I'm sceptical to go long because of the mentioned 1.3770 resistance where the price is at. I'd rather expect a downward move (probably not today).

What do you think about this?

EDIT - changed the daily chart explanation, didn't explain well.
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