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Trading Made Simple

  • #29,401
  • Jan 17, 2014 8:29am Jan 17, 2014 8:29am
Quoting heispark
{quote} May i have one Emmanuel?
you must have them already...

post#22,193
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,402
  • Jan 17, 2014 8:31am Jan 17, 2014 8:31am
Quoting emmanuel7788
{quote} ... exactly. that's what I call Fib38/50 entry. Edit: To break 141.84 support, we need a piledriver candle.
EJ H1:

did you see that H1 piledriver candle?

how many of you managed to catch that?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,403
  • Edited 9:47am Jan 17, 2014 8:32am | Edited 9:47am
Quoting geomoon
{quote} Hi fxFox, after +20 Pips in my direction I was taken out at BE....
geomoon,

same for me. EURJPY-H1-trade this morning ended B/E (with 2/3 +5 pips, 1/3 -8 pips)
Sorry, because of a business meeting this morning (GMT+1 time at my side) I couldn't answer earlier and saw afterwards that the trade was stopped out.

Now the next attempt is going on. I just came back from the meeting and had the luck that just some minutes later price broke again downwards below the TOK_5H range. I came in again some pips too late, but ok.

@141,50 I took half of the position with +21 pips because of coincidence of
- RN,
- S/R from monday/tuesday,
- previous week's low
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-16 15.10 GMT+1 EURJPY.png Size: 172 KB
fxFox (all times in my charts are GMT+1)
  • #29,404
  • Jan 17, 2014 8:54am Jan 17, 2014 8:54am
FYI for those downloading the pipware charts. Stratman programmed those a few years back and the main issue traders had was not installing the required fonts in the correct folder as instructed to make them show properly.

Just a heads up!
Keep It Simple
  • #29,405
  • Jan 17, 2014 9:01am Jan 17, 2014 9:01am
Quoting emmanuel7788
{quote} you must have them already... post#22,193
wow emmanuel7788 , i remember you are one of those pioneer of this thread..
  • #29,406
  • Jan 17, 2014 9:12am Jan 17, 2014 9:12am
any takers? pull back to 20 , if i can get in at 45
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 98 KB
  • #29,407
  • Jan 17, 2014 9:54am Jan 17, 2014 9:54am
Quoting emmanuel7788
{quote} you must have them already... post#22,193
Thank you for reminding me of this old posting. Yes, i already have pipware. I just didn't realize it was actually from pipware...

Have a great weekend, Emmanuel!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #29,408
  • Jan 17, 2014 9:55am Jan 17, 2014 9:55am
Quoting alfis
{quote} Hi Emmanuel, really appreciate your input on this. Can I check with you on the quoted above. Q3. I was actually talking about entering upon the breakout of the range vs entering after the candle closes (confirming the breakout). My concern is that the latter might actually move 20++ pips until the close which may actually be a late entry, or the next candle may start to pull back. What exactly do you mean by momentum when breaking out of the range? Q4. I saw the link for the bearish/bullish engulfing bars, was actually referring to your...
Hi alfis,

I think post#20,121 will help you on reading candlesticks better.
There is a Steve Nison pdf "Profiting in Forex" there. click here to download.
Please download that pdf and use that for part of your study.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,409
  • Jan 17, 2014 10:07am Jan 17, 2014 10:07am
EJ:
London market session closing hour now.
Be careful of price pulling back due to trade exits and profit taking.
After this the US traders will be in control.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,410
  • Jan 17, 2014 10:57am Jan 17, 2014 10:57am
Thank you for the hint emmanuell7788

EURJPY H1
I closed the second half now, because I wanna go home now and cannot check further for a manual close. +41 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-01-16 17.45 GMT+1 EURJPY.png Size: 148 KB
fxFox (all times in my charts are GMT+1)
  • #29,411
  • Edited 1:14pm Jan 17, 2014 11:03am | Edited 1:14pm
'Set and forget' type of trade,
ej H1
Have a good weekend everyone!

P.S. edit: actually not 100% set and forget, as I exited manually for 50+pips,
due to friday, London session coming to end and low volume, my profit target was
set to 100pips at 141.RN also adr low.
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-01-17_11-20-37ejH1.png Size: 47 KB
If you're going through hell, keep going. Winston Churchill
  • #29,412
  • Jan 17, 2014 11:19am Jan 17, 2014 11:19am
2 trades sell Eurusd 4h 60 pip

pip
Attached Image


buy Usdchf 4h 45 pip

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  • #29,413
  • Jan 17, 2014 11:38am Jan 17, 2014 11:38am
Well happy new year and all that to everyone, must say good to see the threads so active - a trade from this morning.

GBPAUD

Set up : LO candle formed a pull back bar with a double bottom

Entry / timing : When price broke above the LO candle, which from my perspective formed the minimum requirement for a pullback reversal pattern

TP : Previous months high

Trade management : BE before news release
Attached Image
Steadfastness is held above all success
  • #29,414
  • Jan 17, 2014 11:39am Jan 17, 2014 11:39am
Quoting emmanuel7788
EJ: London market session closing hour now. Be careful of price pulling back due to trade exits and profit taking. After this the US traders will be in control.
Thx for the hint on the EJ much earlier today
i've locked in sl at +20 and letting it run
up at +60 at the moment. i got in using pending order at 141.854 since i was not in front of laptop
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 102 KB
Daniel
  • #29,415
  • Jan 17, 2014 12:37pm Jan 17, 2014 12:37pm
Quoting goochie
Well happy new year and all that to everyone, must say good to see the threads so active - a trade from this morning. GBPAUD Set up : LO candle formed a pull back bar with a double bottom Entry / timing : When price broke above the LO candle, which from my perspective formed the minimum requirement for a pullback reversal pattern TP : Previous months high Trade management : BE before news release {image}
excellent trade goochie, A+++
If you're going through hell, keep going. Winston Churchill
  • #29,416
  • Jan 17, 2014 2:27pm Jan 17, 2014 2:27pm
Hi everyone,

I'm new to forex and I'm very excited to be joining you guys on this crazy ride! I've spent two months manually backtesting this method candle by candle on a 1hr chart, london session, EUR/USD only. So far I've placed over 900 trades with 5 years of back data. I can confidently say big e was on to something! I know backtest results mean very little given that there are so many factors, but when big e said to spend a year looking at old charts, I took it literally and I feel it has helped 1000x over. I've started demo forward testing this month, now only time will tell how well I can trade this. This is my last trade of the week, +50 pips entered on second candle because market has been choppy with lots of fakeouts. Normally I would have entered on the one before it. Exited early because of volatility decrease nearing NY close. Glad to see this thread still alive, cheers!
Attached Image (click to enlarge)
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  • #29,417
  • Jan 17, 2014 2:38pm Jan 17, 2014 2:38pm
Small trade to end the week. Have a good weekend folks.
Attached Image (click to enlarge)
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  • #29,418
  • Jan 17, 2014 5:31pm Jan 17, 2014 5:31pm
Quoting emmanuel7788
{quote} This is a MPTM managed trade. Trade scale-out +25pips, trade BE and TP push to 2R. See H4 PA and setup. {image} Now time to hit the sack. It way past my bedtime.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4 16 Jan NYO trade update.png Size: 26 KB


After the previous day H1 trade was set to BE, I pushed the final TP to 2R level (+100pips) on seeing the H4 PA and TDI cross down.

Today H1 trade entry at LO. As pointed out by member Liviuady, that was a retracement of the Frankfurt Open FO candle. I use Fib38/50 as my entry technique.
Trade Management for 17 Jan trade was the same , BE when trade moved +30pips with partial exit one position. Remaining pos held at 2R as target.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H1 16 17 Jan trades closed.png Size: 44 KB


Overall good profitable trades above 2%.

It was fun trading live and chatting with some of you guys. Great trading company today. You make pips, I am happy along with you.

Have a Good Weekend!
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,419
  • Jan 17, 2014 5:48pm Jan 17, 2014 5:48pm
Quoting goochie
Well happy new year and all that to everyone, must say good to see the threads so active - a trade from this morning. GBPAUD Set up : LO candle formed a pull back bar with a double bottom Entry / timing : When price broke above the LO candle, which from my perspective formed the minimum requirement for a pullback reversal pattern TP : Previous months high Trade management : BE before news release {image}
Good trade Goochie.

I remember what Rick said: ''.. where we see a shallow retracement, it is sign that the trend is still strong and intact.."

Have a Good Weekend.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,420
  • Jan 17, 2014 5:53pm Jan 17, 2014 5:53pm
Quoting tankokjian
{quote} wow emmanuel7788 , i remember you are one of those pioneer of this thread..
I am not a pioneer, rather very much a silent follower and learning during the days of 5-Method started by Eric.
now is pay back time.
someday many other silent followers will have to pay it forward.

Have a Good Weekend.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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