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Trading Made Simple

  • #27,841
  • Nov 28, 2013 2:31am Nov 28, 2013 2:31am
Quoting lastingwell
Took a sell on EUR/NZD, getting tired now so took half off at +30 and moved to BE a bit sooner than I normally would with this currency but going to bed, also got in a bit late and don't want to lose any {image}
Pretty great trading, I see you added pivots, are those weekly? How well do they work? I've found pivots become obsolete, just clutter my chart, ever since I started trading on H1 exclusively...
  • #27,842
  • Nov 28, 2013 2:33am Nov 28, 2013 2:33am
Quoting manoj_3986
{quote} Hi dialpips, I am attaching graph with arrow. Green line has become like a horizontal line. Please refer Post 125 for more idea about the flat tdi. Thanks Manoj {image}
ok. I see it alright. Thamks. Good tradimg all.
  • #27,843
  • Nov 28, 2013 3:15am Nov 28, 2013 3:15am
Quoting Bizzzle
{quote} Trade update: Added to my EU and GU as said and also long EJ and GJ. Good luck {image}
4 hour Trades update:

Still long and have added to my Eu and Gu on pull back.

As you all must know now I still have a bullish bias.

Eu- Hit the 38.6 fib but could close below so I added a position.

Gu- Also hit 38.6 fib and couldnt close below, so I added another position long.

Still holding EJ and GJ longs.

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: update 28th.png Size: 62 KB
Give yourself a chance and trade it like it's layed out...
  • #27,844
  • Nov 28, 2013 3:20am Nov 28, 2013 3:20am
any analysis on ushchf now just watching the pair
  • #27,845
  • Nov 28, 2013 3:24am Nov 28, 2013 3:24am
Quoting WDays
{quote} Pretty great trading, I see you added pivots, are those weekly? How well do they work? I've found pivots become obsolete, just clutter my chart, ever since I started trading on H1 exclusively...

To be honest I can't really decide, I keep putting them on and then taking them off again At the moment I just have the actual daily, weekly and monthly pivot lines, not r1 r2 etc I find there are too many lines, I think even they will become obsolete though.
  • #27,846
  • Nov 28, 2013 3:30am Nov 28, 2013 3:30am
Quoting lastingwell
{quote} To be honest I can't really decide, I keep putting them on and then taking them off again At the moment I just have the actual daily, weekly and monthly pivot lines, not r1 r2 etc I find there are too many lines, I think even they will become obsolete though.
I know what you mean, haha... Old habits die hard, right? I've been used to pivots ever since I went live, and I had a very tough time removing them... But really, the only use I saw was when I was trading M15.... I would never take a trade if we're at R3 or S3, because price almost never goes thru those levels. It has kept me out of a few bad setups, when a pair moved during the Asian session and LO provided what seemed to be a re-entry opportunity at the time.
  • #27,847
  • Nov 28, 2013 4:07am Nov 28, 2013 4:07am
Quoting WDays
{quote} I know what you mean, haha... Old habits die hard, right? I've been used to pivots ever since I went live, and I had a very tough time removing them... But really, the only use I saw was when I was trading M15.... I would never take a trade if we're at R3 or S3, because price almost never goes thru those levels. It has kept me out of a few bad setups, when a pair moved during the Asian session and LO provided what seemed to be a re-entry opportunity at the time.
I tend to use the ATR projection now for that type of thing, so going to make a command decision and take them off and leave them off
  • #27,848
  • Nov 28, 2013 4:09am Nov 28, 2013 4:09am
Wow thank you for the vouches goochie and Bizzle
  • #27,849
  • Nov 28, 2013 4:11am Nov 28, 2013 4:11am
Quoting lastingwell
{quote} I tend to use the ATR projection now for that type of thing, so going to make a command decision and take them off and leave them off
Care to show how u use atr with a chart? tx.
  • #27,850
  • Nov 28, 2013 4:13am Nov 28, 2013 4:13am
Quoting lastingwell
{quote} I tend to use the ATR projection now for that type of thing, so going to make a command decision and take them off and leave them off
You can do it, I have faith in you
  • #27,851
  • Nov 28, 2013 4:14am Nov 28, 2013 4:14am
Quoting dialpips
{quote} Care to show how u use atr with a chart? tx.
The ATR indi we're using sets out projections, simple as that

basically this gives you ATR high and low, which supposedly are the limits to price range...

edit: well I'm assuming, lol, don't mean to speak in lieu of lastingwell...
Attached Image (click to enlarge)
Click to Enlarge Name: atr.png Size: 112 KB
  • #27,852
  • Nov 28, 2013 4:17am Nov 28, 2013 4:17am
Quoting dialpips
{quote} Care to show how u use atr with a chart? tx.
I just use this atr projection indicator which is pretty accurate most of the time. The first line is 80% of the projection and the second line is 100%. You might need to change the colours it uses if you have a black chart.
Attached File(s)
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 432 downloads
  • #27,853
  • Nov 28, 2013 4:18am Nov 28, 2013 4:18am
Quoting WDays
{quote} The ATR indi we're using sets out projections, simple as that basically this gives you ATR high and low, which supposedly are the limits to price range... edit: well I'm assuming, lol, don't mean to speak in lieu of lastingwell... {image}

I think we were posting at the same time
  • #27,854
  • Nov 28, 2013 4:20am Nov 28, 2013 4:20am
Quoting lastingwell
{quote} I think we were posting at the same time
Yeah, sorry to bud in.
  • #27,855
  • Nov 28, 2013 4:22am Nov 28, 2013 4:22am
Quoting WDays
{quote} Yeah, sorry to bud in.

Not a problem yours was a much better description
  • #27,856
  • Nov 28, 2013 4:27am Nov 28, 2013 4:27am
Quoting lastingwell
Wow thank you for the vouches goochie and Bizzle
Your welcome keep up the great wrk
Give yourself a chance and trade it like it's layed out...
  • #27,857
  • Nov 28, 2013 4:40am Nov 28, 2013 4:40am
Quoting fxFox.mb
To the ones who are trading today - not affected by Thanks Giving. What's your opinion about a countertrend short in GBPUSD and similar picture in EURJPY? Reason: (single longerterm about 20bars) bearish divergence on H1 and H4, priceline crosses tradesignal line and MBL down on H1, TDI cross on H4 ongoing, {image}

Hello, can you please send me or upload your template and your indicators for Trading Station II because I am not using MT4?
  • #27,858
  • Nov 28, 2013 4:42am Nov 28, 2013 4:42am
Can i ask @emmanuel, from TMS point of view how you personally determine trend (as you did with eurjpy)? i know the basic TMS stuff but considering i am far from finishing the whole thread (im around page 100 or so ) i thought id just ask. Trading imo should be as easy as determining higher TF trend + avoid ranging markets + clear entry (in this case TDI). I am looking forward to discover why this thread is 1300pages long.
  • #27,859
  • Nov 28, 2013 4:42am Nov 28, 2013 4:42am
Quoting lastingwell
Wow thank you for the vouches goochie and Bizzle
No problem ... i like the way you keep applying the same principles, with respect to the alignment 4hr and 1hr TDI momentum, which is something i'm working on myself.
Steadfastness is held above all success
  • #27,860
  • Nov 28, 2013 5:10am Nov 28, 2013 5:10am
hi manoj

that looks like a nice channel indicator, can you share it please?

Quoting manoj_3986
{quote} Hi dialpips, I am attaching graph with arrow. Green line has become like a horizontal line. Please refer Post 125 for more idea about the flat tdi. Thanks Manoj {image}
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