Trading Made Simple

Quoting hoperich

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{quote} Hi Lastingwell, When you were comparing your charts with phx62, what criteria you were taking in consideration in sense of entries, pa and market harmonics? Actually I am trying to do the same with not much luck. I guess the charts in the PDF is giving us smaller picture and in order to see the bigger picture, we have to zoom out bigger charts and base our decisions on it. Also, do you have figured out all the indicators on phx62 chart. Can you please share with me, if you have? Specifically I am looking for H4, weekly, monthly support resistance...

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Quoting emmanuel7788

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....Do your Big Picture for these pairs: AUDUSD EURUSD GBPUSD EURJPY AUDJPY EURAUD EURNZD EURCAD GBPAUD GBPNZD GBPCAD EURGBP ...

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Quoting fxFox.mb

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{quote} emmanuell7788 and others, here a midterm view on GBPAUD. We're just breaking down the area of S/R from end 10/2009 to 02/2010 (@~1,8240). Now it is interesting if this break is confirmed by a daily close below. At the next 100 pips we find the 127% CD-leg of ABCD pattern. Monthly S1 @1.8066 December low @1,7866 S/R from 07/2010 @~1,7619 In my textbook appreciation there should be a retracement starting from the yellow box i.e. up to the 38% to 50% Fibo (of the last downmove - fibo's not in the chart) and then further down to the december...

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Quoting alfis

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Is there anyone currently trading using the non-moving TDI (the one which Phx62 uses)?

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Quoting emmanuel7788

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Here is a quick view on EU. The last H4 candle did not close with strong momentum despite the TDI cross, I dont see a good A+ entry. NY open in about 35mins. Nevertheless, if we take this setup, be prepared to bail out when price pull back and TDI goes flat. {image}

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Quoting lastingwell

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{quote} Sorry Hoperich only just seen this question. I just wanted to be able to see the trades as he does, but was finding it difficult just looking at H1 for some reason, so I now look at H1 for the lead (PA, TDI cross etc) but also have m5 with the mtf h1 tdi on there, and also h4 next to it. The best trades I've found are where they are all in agreement somewhere, so a good TDI cross at the beginning of the candle on H1, along with PA, either coming from a valid trendline, horizontal s/r, divergence etc, the size of the cross I can see better...

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Quoting alfis

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Is there anyone currently trading using the non-moving TDI (the one which Phx62 uses)?

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Quoting emmanuel7788

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{quote} My broker server time is GMT00. London open is GMT0800.

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Quoting lastingwell

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{quote} Its 6 of one and half a dozen of the other...as the saying goes Sometimes your broker will signal first and sometimes another will signal first. You can only trade what you see on your chart. My broker at gmt +0 crossed definitely at 8am with a good cross, another broker I look at which is gmt +2 didn't have the cross until 30 minutes later and didn't have a BEOB until the close of its bar at 10am gmt so you wouldn't see it.

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Quoting fxFox.mb

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{quote} {quote} plateau, studio1, the H4 candles depend on which broker server time you have. Different brokers or data feeds consolidate the H4 candles from different times. See here 2 plattforms of my FXCM broker: The MT4 chart forms it starting at 5:00, 9:00 and 13:00 GMT+1 (The axis shows the correspüonding GMT time 4:00, 8:00 and 12:00 GMT because MT4 cannot adjust to the local time) The Trading Station (proprietary) chart forms the H4 candle starting at 3:00, 7:00 and 11:00 GMT+1 You should stick to one broker / plattform and backtest your...

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Quoting emmanuel7788

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{quote} I missed an entry today so I am waiting for a lower timeframe entry. There is potential support @1.795 but breaking that mean quite clear way down to 1.7360 seen on weekly. I agree with the ABCD and we shoud loook for the CD leg to trade.

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Quoting Gareth22

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Great trading Emmanuel, I entered eurusd, got spooked by a small retracement and closed for a small profit, should have just 'set and forget' Perhaps a potential 4h setup forming, but will wait and see... All the best

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Quoting fxFox.mb

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{quote} Thanks for the 1.7950 SR. I didn't see that. But from where do you take the 1.7360? In my weekly GBPAUD chart I rather have got a - 1,7412 from the close of 08/2013 and - 1,7601 from the close of 06/2010 Different Broker (close) data? {image}

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Quoting emmanuel7788

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{quote} Gareth, Thanks. H1 when LO, look left to the left the H1 candles look like buyers and sellers having a push-pull game. No clear buying or selling. Trade Well! EMMANUEL {image}

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Quoting spiritboy

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{quote} Great training as usual emmanuel7788, easily looked over on the excitement of pulling the trigger, so all us newbies need to look and look again so we burn the images onto our brain. Shane.

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Quoting emmanuel7788

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{quote} alfis, You can put both TDI version and compare the charts without refresh. Use eyeball on the price bars/candles and follow the price action. This will train your eyes with more empahsis on price action and less on the TDI. Trade Well! EMMANUEL

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Quoting cigarguy

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{quote} Lastingwell, I like your setup, makes perfect since for PA, TDI confirmation. What pairs do you trade during London and New York? Do you use APB's or candles with these setups for entries/exits? Downloaded your TDI-MTF-zz-Matrix 3TF, not working properly. Do you need another indie in the file for it to call? I'm normally not a big fan of Matrix type indicators, but this works well for you and I would like to give it a try. Thank You and Regards, Cigarguy {image}

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Quoting emmanuel7788

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{quote} Here my view using Weekly. Nothing much on MN. {image}

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Quoting cigarguy

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{quote} Lastingwell, I like your setup, makes perfect since for PA, TDI confirmation. What pairs do you trade during London and New York? Do you use APB's or candles with these setups for entries/exits? Regards, Cigarguy

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Quoting alfis

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{quote} I understand, I've used strategy tester to generate both TDIs and it's very very obvious the 'non RT' one gives mostly the wrong signals or late entries which has already retracing/reversed. Could I clarify since TDI crosses are only made after price has already moved a number of pips in your direction already, what exactly is the TDI used for? (Wouldn't using it for confirmation, be too late?)

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