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Trading Made Simple

  • #27,401
  • Nov 11, 2013 4:37am Nov 11, 2013 4:37am
Quoting goochie
First trade of the day - first post ... I must say thanks to all the contributors to this forum as i have learnt a huge amount and especially imi and emmanuel7788 for suggesting i take a look at TMS. Any way, first trade ... EJ : Divergence on 4hr 1hr entry : TDI cross above MBL ... 20 pip SL ... I personally entered a little early before LO and safer more text book approach would have been to enter on break of FO candle high. Trade is now at BE so lets see ... {image} {image}

Hi. Just about to learn this system.
EURJPY on H4: The cross on TDI was on friday, right? A bit late to get in today, but there is a bounce to trade. Am I right?


http://charts.mql5.com/3/20/eurjpy-h...-prime-pty.png
  • #27,402
  • Nov 11, 2013 5:03am Nov 11, 2013 5:03am
Quoting goochie
First trade of the day - first post ... I must say thanks to all the contributors to this forum as i have learnt a huge amount and especially imi and emmanuel7788 for suggesting i take a look at TMS. Any way, first trade ... EJ : Divergence on 4hr 1hr entry : TDI cross above MBL ... 20 pip SL ... I personally entered a little early before LO and safer more text book approach would have been to enter on break of FO candle high. Trade is now at BE so lets see ... {image} {image}
Great trade mate,

I am also long!
Give yourself a chance and trade it like it's layed out...
  • #27,403
  • Nov 11, 2013 5:05am Nov 11, 2013 5:05am
Currently short in AUDCHF because of TDI-priceline cross in D1 confirmed by TDI-priceline-bounce on H4 and TDI-priceline & MBL break on H1

Because of the short consolidation candles on H1 I entered later I entered with an entry stop below the small range since sunday evening @0,8641.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-11 12.00 GMT+1 AUDCHF.png Size: 207 KB
fxFox (all times in my charts are GMT+1)
  • #27,404
  • Edited Nov 12, 2013 2:36am Nov 11, 2013 5:22am | Edited Nov 12, 2013 2:36am
Short in AUDUSD since friday morning @0,9456.
This was an entry on D1 on friday daily-opening, before going to sleep, without looking sideways on H4/H1 - could have been a better timing.

Security stop on this D1-trade about 90 Pips

Took currently the 1/2 position out with +92 Pips
Stop for rest of 1/2 pos. on B/E and targeting next low near 0,9300 - if TDI and PA will not show another sign.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-11 12.00 GMT+1 AUDUSD.png Size: 217 KB
fxFox (all times in my charts are GMT+1)
  • #27,405
  • Nov 11, 2013 5:23am Nov 11, 2013 5:23am
Quoting emmanuel7788
{quote} Hi goochie, Happy to see your post here in TMS. Good trade! I am in the same with 30pips banked and BE remaining. The market type is good for bull. Let's see how this will run later, but bank holidays in the US and also some Euro banks. Good Trading!
Thanks mate ...
Steadfastness is held above all success
  • #27,406
  • Nov 11, 2013 5:24am Nov 11, 2013 5:24am
Quoting Bizzzle
{quote} Great trade mate, I am also long!
From analyzing your posts, i thought you would be
Steadfastness is held above all success
  • #27,407
  • Nov 11, 2013 5:46am Nov 11, 2013 5:46am
Quoting goochie
{quote} From analyzing your posts, i thought you would be
I am still long but keeping an eye on it!

Been studying Elliot wave and on the 1hr we have completed a 5 count move!

GL
Attached Image (click to enlarge)
Click to Enlarge Name: EJ EW.png Size: 22 KB
Give yourself a chance and trade it like it's layed out...
  • #27,408
  • Nov 11, 2013 5:53am Nov 11, 2013 5:53am
EA trade

4hr coming out of divergence with the TDI rolling over and crossing the MBL with subsequent green over red cross

Target : Confluence of Previous support, 61.8 retracement and ADR .. although will keep an eye out for Price action around the PWH

1hr entry : TDI Cross happened before LO and price is directly below the 1hr 200EMA - therefore waited for LO and for break above 200EMA and PDH
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 43 KB
Click to Enlarge Name: EURAUD-,H1.png Size: 42 KB
Steadfastness is held above all success
  • #27,409
  • Nov 11, 2013 5:55am Nov 11, 2013 5:55am
Quoting goochie
EA trade 4hr coming out of divergence with the TDI rolling over and crossing the MBL with subsequent green over red cross Target : Confluence of Previous support, 61.8 retracement and ADR .. although will keep an eye out for Price action around the PWH 1hr entry : TDI Cross happened before LO and price is directly below the 1hr 200EMA - therefore waited for LO and for break above 200EMA and PDH {image} {image}
Perfect mate

Well done
Give yourself a chance and trade it like it's layed out...
  • #27,410
  • Nov 11, 2013 5:55am Nov 11, 2013 5:55am
Same thing on EURCHF, entered friday morning on opening of D1-candle, without spying on H4/H1.
I entered with only small position because of the more sideways-oriented PA.
On opening there was a bounce of tdi green from red, but now we have a cross up.

SL is set @1,2350. Currently -31 pips.
I'll stay in the trade because of the situation on H4 and H1, looks like sideways action, with a small chance that it will go down. When H4 will turn downwards I'll enter another small position short. If not and i'll going further up I think about to close the short before SL reached.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-11 12.00 GMT+1 EURCHF.png Size: 216 KB
fxFox (all times in my charts are GMT+1)
  • #27,411
  • Nov 11, 2013 5:59am Nov 11, 2013 5:59am
Quoting Bizzzle
{quote} I am still long but keeping an eye on it! Been studying Elliot wave and on the 1hr we have completed a 5 count move! GL {image}

Hi Bizzzle,
wondering about, what crossrate shows your chart in post 27,415?
fxfox
fxFox (all times in my charts are GMT+1)
  • #27,412
  • Nov 11, 2013 6:05am Nov 11, 2013 6:05am
Quoting fxFox.mb
{quote} Hi Bizzzle, wondering about, what crossrate shows your chart in post 27,415? fxfox
Don't understand what you mean? whats crossrate? Sorry
Give yourself a chance and trade it like it's layed out...
  • #27,413
  • Nov 11, 2013 6:09am Nov 11, 2013 6:09am
Quoting Bizzzle
{quote} Don't understand what you mean? whats crossrate? Sorry
Which instrument? (crossrate - EURJPY, EURAUD,...)
fxFox (all times in my charts are GMT+1)
  • #27,414
  • Nov 11, 2013 6:12am Nov 11, 2013 6:12am
Quoting fxFox.mb
{quote} Which instrument? (crossrate - EURJPY, EURAUD,...)
O sorry mate it was EJ 1Hr!
Give yourself a chance and trade it like it's layed out...
  • #27,415
  • Nov 11, 2013 7:07am Nov 11, 2013 7:07am
Quoting Bizzzle
{quote} I am still long but keeping an eye on it! Been studying Elliot wave and on the 1hr we have completed a 5 count move! GL {image}
Hi Bizzzle, pls guide me in your Elliot wave study, I study harmonic theses days and forecasting the market is something I would like to add as knowledge into harmonic trading, I as well have count the wave you mentioned in EUR.JPY and we would be very much likely at the end of wave 5 right now, hope I have not confused anyone in here

So anything up there mate , I would be very much appreciated, I have just read what was available in babypips just simple stuff as trading is all about simplicity
I Have Learned to Take Some Losses to Make Profits
  • #27,416
  • Nov 11, 2013 7:18am Nov 11, 2013 7:18am
Quoting TheScorpS
{quote} Hi Bizzzle, pls guide me in your Elliot wave study, I study harmonic theses days and forecasting the market is something I would like to add as knowledge into harmonic trading, I as well have count the wave you mentioned in EUR.JPY and we would be very much likely at the end of wave 5 right now, hope I have not confused anyone in here So anything up there mate , I would be very much appreciated, I have just read what was available in babypips just simple stuff as trading is all about simplicity
I am currently reading, 'Elliott Wave Principle A. J. FrostRobert R. Prechter J' book.

Its amazing!

This pdf is good for the basics:
http://www.acrotec.com/ebooks/elliottwave_en.pdf
Give yourself a chance and trade it like it's layed out...
  • #27,417
  • Nov 11, 2013 7:22am Nov 11, 2013 7:22am
D1 PA short, TDI on running candle is currently crossing (could be other picture on daily close)
H4 candle would be red if entry-level is reached, TDI will be crossing (same as on D1)
H1 candle red and TDI regular crossing

Short in GBPUSD by entry stop @1,5996
Security Stop above 50% retracement and daily high.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-11 14.20 GMT+1 GBPUSD.png Size: 222 KB
fxFox (all times in my charts are GMT+1)
  • #27,418
  • Nov 11, 2013 7:25am Nov 11, 2013 7:25am
Quoting Bizzzle
{quote} I am currently reading, 'Elliott Wave Principle A. J. FrostRobert R. Prechter J' book. Its amazing! This pdf is good for the basics: http://www.acrotec.com/ebooks/elliottwave_en.pdf
Thanks alot , much appreciate the link, will look further into reading that book after finishing some books that am reading at the moment

at the moment, this pdf will help with basics, thanks again
I Have Learned to Take Some Losses to Make Profits
  • #27,419
  • Nov 11, 2013 8:11am Nov 11, 2013 8:11am
Quoting Tiggrrr
NZD/USD - LONG TRADE Entered at the TDI cross. TP is 20pips and im done for the day. No SL. Now I go to bed and see what the market gives me in 4 hours. {image}
Evening All,
I am trading from Aussie, can anyone help me understand the difference in in the charts. Tiggrrr has posted a H4 chart of NZD/USD and it does not look anything like my chart. I am a little confussed is all.

cheers

Mark up.
Make sure that the light at the end of the tunnel is not an on coming train
  • #27,420
  • Nov 11, 2013 8:15am Nov 11, 2013 8:15am
Quoting Mark up
{quote} Evening All, I am trading from Aussie, can anyone help me understand the difference in in the charts. Tiggrrr has posted a H4 chart of NZD/USD and it does not look anything like my chart. I am a little confussed is all. cheers Mark up.
Some brokers differ with the start time of their day so the H4 candle close will look different.
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