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Trading Made Simple

  • #29,501
  • Jan 19, 2014 9:02pm Jan 19, 2014 9:02pm
Hey there, I see a lot of you took the setup on EJ earlier. Well done. I was too overwhelmed by other things at the time, so I missed it this time. In hindsight I would have taken it. The only thing that could have made me stop and think is the highly oversold TDI, which I would have tossed aside upon seeing the bearish momentum. And well done Helanka, you are doing very well.
  • #29,502
  • Jan 19, 2014 9:09pm Jan 19, 2014 9:09pm
Quoting WDays
Hey there, I see a lot of you took the setup on EJ earlier. Well done. I was too overwhelmed by other things at the time, so I missed it this time. In hindsight I would have taken it. The only thing that could have made me stop and think is the highly oversold TDI, which I would have tossed aside upon seeing the bearish momentum. And well done Helanka, you are doing very well.
Thanks Wdays.


Helanka.
Helanka
  • #29,503
  • Jan 19, 2014 10:22pm Jan 19, 2014 10:22pm
Quoting Phx62
Same here.{image}
Exited a little too late but took 38 pips on EJ and 45 on GJ
  • #29,504
  • Jan 20, 2014 12:41am Jan 20, 2014 12:41am
AU H1 20 Jan Plan A:

Attached Image (click to enlarge)
Click to Enlarge Name: AU H1 20 Jan pre-LO.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,505
  • Jan 20, 2014 12:54am Jan 20, 2014 12:54am
Quoting emmanuel7788
UJ week 04 add-on trade: {image}

UJ H4 trades got stopped out.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ week 04 H4 closed..png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,506
  • Jan 20, 2014 1:04am Jan 20, 2014 1:04am
EJ H1 20 Jan Franfurt Open

A valid set up H1:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H1 20 Jan FO.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,507
  • Jan 20, 2014 1:14am Jan 20, 2014 1:14am
Quoting Phx62
{quote} A pullback candle reversal formation is just my terminology for a formation that makes a candle in the direction of the trend, followed by a longer candle that, in this case, set a lower low and then pulled back leaving a long wick, followed by a third candle that may or may not change color but sets a higher low and is usually an inside bar, followed by an entry candle that breaks above the previous inside bar candle. That is the entry point. Do some back testing or forward testing on your own and see how often price reverses following...
Thank you for your posts. I have a question about this PCRF. Does the entry candle need to immediately follow the third candle, for it to be a valid entry?
Attached Image
  • #29,508
  • Jan 20, 2014 1:40am Jan 20, 2014 1:40am
Where to place initial Stop Loss?

someone PM and told me he did not undertand how to place stop loss.

so here is an example using the EJ H1 set up.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ stop loss placement.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,509
  • Jan 20, 2014 1:50am Jan 20, 2014 1:50am
London opens in abt 10 mins. Anyone in EJ H1 buy should already move trade to BE.
Protection of trading capital is important.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,510
  • Jan 20, 2014 2:07am Jan 20, 2014 2:07am
Do people on here not sleep?? I know the grass isn't always greener but I wish I was awake during the Asian session, I always wake up to seeing good Asian session moves on EJ...

All the best,
  • #29,511
  • Jan 20, 2014 2:14am Jan 20, 2014 2:14am
Quoting emmanuel7788
EJ Week 04 trading: If you are planning to play a bullish reversal next week and 4H swing, these are the price levels I will be looking at very closely for Price Action. {image} Trade intraday using H1 method when market type is sideways ranging until we see a break away move in H4. Trade Well! EMMANUEL

Attached Image (click to enlarge)
Click to Enlarge Name: EJ Big Picture week 04 D-chart.png Size: 43 KB


you recall this post above.

141.17 is where price reacts now when LO.

Will this cause a reversal for intraday trading?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,512
  • Jan 20, 2014 2:16am Jan 20, 2014 2:16am
Quoting emmanuel7788
{quote} fhm: Welcome to TMS. good post by a first timer and good observations made too. Do more forward testing in live market and you will learn and gain a lot more experience how this market behaves. Have a Good Weekend. EMMANUEL
Thanks emmanuel! I'll be posting more trades here throughout the week.
  • #29,513
  • Jan 20, 2014 2:17am Jan 20, 2014 2:17am
Quoting Gareth22
Do people on here not sleep?? I know the grass isn't always greener but I wish I was awake during the Asian session, I always wake up to seeing good Asian session moves on EJ... All the best,

I sleep in 4 hours slot.
wake up when Sydney ASX opens, stay awake till Tokyo opens.
then back to catch some sleep.
wake up for Tokyo sushi time.
stay awake till London close, in between tale power naps.
that's life as a trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,514
  • Jan 20, 2014 2:19am Jan 20, 2014 2:19am
Quoting emmanuel7788
{quote} I sleep in 4 hours slot. wake up when Sydney ASX opens, stay awake till Tokyo opens. then back to catch some sleep. wake up for Tokyo sushi time. stay awake till London close, in between tale power naps. that's life as a trader.
Inspirational...think I need to step it up a gear!

I'll just go buy myself some more caffeine...
  • #29,515
  • Jan 20, 2014 2:23am Jan 20, 2014 2:23am
Guys... It will be noobish but I need simple EA that let me set initial SL and TP while buying or selling do you have one ?
  • #29,516
  • Jan 20, 2014 2:31am Jan 20, 2014 2:31am
Quoting Gareth22
{quote} Inspirational...think I need to step it up a gear! I'll just go buy myself some more caffeine...

Great Thread! I just adopted a polyphasic sleep cycle to practice this system.
  • #29,517
  • Jan 20, 2014 2:36am Jan 20, 2014 2:36am
Quoting p3tuh
{quote} Great Thread! I just adopted a polyphasic sleep cycle to practice this system.

don't lose sleep becasue of trading.

you can become nocturnal like the kiwi.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,518
  • Jan 20, 2014 2:41am Jan 20, 2014 2:41am
Quoting Mikes92
Guys... It will be noobish but I need simple EA that let me set initial SL and TP while buying or selling do you have one ?

Go back and read post#16,161

and also use FF search function with keyword 'MPTM' and read those 78 posts in this thread.

Have Fun!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,519
  • Jan 20, 2014 4:47am Jan 20, 2014 4:47am
buy on aud/usd
Attached Image (click to enlarge)
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  • #29,520
  • Jan 20, 2014 5:00am Jan 20, 2014 5:00am
Quoting kin89
buy on aud/usd {image}

Hi kin89,

Good H4 entry trade .
There is bullish divergence seen on your H4 chart.

I took my trades using H1.

Trade Well.

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