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Trading Made Simple

  • #29,561
  • Edited 7:29pm Jan 20, 2014 5:41pm | Edited 7:29pm
Quoting redfan
is any one looking at us/jpy 4h look like break up north. {image}
redfan,


Look for confluence of support for this one ...

I am waiting ...

Trade Well!

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,562
  • Jan 20, 2014 5:47pm Jan 20, 2014 5:47pm
Quoting emmanuel7788
UJ H1 scalp trade: {image}

this scalp trade got stopped out +11pips.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ H1 scalp trade stopped out.png Size: 32 KB


market is sideways ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,563
  • Jan 20, 2014 7:40pm Jan 20, 2014 7:40pm
EJ D-chart Pin Bar 21 Jan:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 04 D chart update 21 Jan TO.png Size: 48 KB


if you missed that Tokyo Open entry, what shall you do?

WAIT for intraday entry using H1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,564
  • Jan 20, 2014 8:13pm Jan 20, 2014 8:13pm
AU week 04 trades update:

Yesterday's H1 entries:...

Attached Image (click to enlarge)
Click to Enlarge Name: AU H1 20 Jan trades.png Size: 37 KB


Today's Tokyo session, trades are now at BE with scaling out +35pips, +20pips.

Attached Image (click to enlarge)
Click to Enlarge Name: AU H1 20 Jan trades update 1.png Size: 34 KB


MPTM is used to manage these multiple entries/multiple exits trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,565
  • Jan 20, 2014 8:45pm Jan 20, 2014 8:45pm
Tokyo open entry after double bottom, and pullback bar breakout. +50
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-01-20_21-21-24ejH1.png Size: 40 KB
If you're going through hell, keep going. Winston Churchill
  • #29,566
  • Jan 20, 2014 9:37pm Jan 20, 2014 9:37pm
i look at the previous candle and at TDI and feel like i should buy in EJ. However i see that 141.85 working as resistance
please advice
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh411.png Size: 88 KB
Daniel
  • #29,567
  • Jan 20, 2014 10:10pm Jan 20, 2014 10:10pm
Like some of the rest of you, I took the Asian session EJ H1 trade based on the PCRF that formed. I entered before leg 3 completed due to strong price action, a cross of the TDI green over red with both of them above the MBL, which was sloping up. The H4 is still showing a strong move up so I will be looking for long trades until that changes.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.1.21 ej h1.png Size: 51 KB
  • #29,568
  • Jan 20, 2014 11:11pm Jan 20, 2014 11:11pm
Thank you Phx62, emmanuel7788 and orther hardcore TMS trader , every chart you posted they're very useful for me so thank you very much . I have seen your chart with pullback candle , MC and you put it in your chart very detail. But you also mention about some resistance and support area we must be careful on the left. I want to know more about those strong S/R , can you put it in your chart next time , maybe i ask too much but please help me pass this rock .
Thank you so much again everyone
Wish you would have a happy life & good year 2014 of green pips
  • #29,569
  • Jan 20, 2014 11:32pm Jan 20, 2014 11:32pm
Quoting emmanuel7788
EJ D-chart Pin Bar 21 Jan: {image} if you missed that Tokyo Open entry, what shall you do? WAIT for intraday entry using H1.

Hi Emmanuuel: My EJ daily chart looks NOTHING like yours - why would that be - I am using Axi Trader Aust. which is gmt +2.
Cheers Oldie
Attached Image (click to enlarge)
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  • #29,570
  • Jan 21, 2014 12:08am Jan 21, 2014 12:08am
Quoting Oldie
{quote} Hi Emmanuuel: My EJ daily chart looks NOTHING like yours - why would that be - I am using Axi Trader Aust. which is gmt +2. Cheers Oldie {image}

Hi Oldie,
You are still using HA candles whereas E7788 is using normal candlestick. You may want to try to change your setiings/profile and you will be able to see the difference. BTW, I am also using Axi Trader Aust to trade but using FXDD for signals and setup.

Hope this helps...

Happy trading.....
  • #29,571
  • Jan 21, 2014 12:27am Jan 21, 2014 12:27am
Quoting Milfortra
{quote} Hi Oldie, You are still using HA candles whereas E7788 is using normal candlestick. You may want to try to change your setiings/profile and you will be able to see the difference. BTW, I am also using Axi Trader Aust to trade but using FXDD for signals and setup. Hope this helps... Happy trading.....

Hi Milfortra: Thanks for the reply. When you say you may want to change your settings surely you are NOT saying to go back to candlesticks are you when this system is supposed to be all about TDI & HA as I understand it. Are you finding Axi a good broker? Cheers Oldie
  • #29,572
  • Jan 21, 2014 12:29am Jan 21, 2014 12:29am
NZD/USD .... news effect over 60 pips
Attached Image (click to enlarge)
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JacekPreserve Precious Capital
  • #29,573
  • Jan 21, 2014 12:36am Jan 21, 2014 12:36am
Quoting Oldie
{quote} Hi Milfortra: Thanks for the reply. When you say you may want to change your settings surely you are NOT saying to go back to candlesticks are you when this system is supposed to be all about TDI & HA as I understand it. Are you finding Axi a good broker? Cheers Oldie

Hi Oldie,
When I mentioned changing your settings as in if you would like to view the charts like E7788 is viewing them. Yes, I am still sticking strictly to TDI & HA. I have a few brokers and I don't have any complaints with Axi. I also find IBFX Australia ok as they have ATM cards where you can withdraw funds from your trading account(with a fee per transaction) from anywhere in the world....
  • #29,574
  • Jan 21, 2014 12:42am Jan 21, 2014 12:42am
Quoting Greenb
i look at the previous candle and at TDI and feel like i should buy in EJ. However i see that 141.85 working as resistance please advice {image}

Hi Greenb,

You highlighted a potetial trouble area. Very crowded area with recent resistance, fibo 50%, and the famous D 10EMA.

That previous H4 candle is WRB so that should flash a red light in our mind. If I want to enter the market now, I would look for a Fib38/50 of that WRB for a better entry price.
Looking at it right now, I would prefer to look in lower timeframe H1 and M15 for an entry so long the price action is above 141.17. The potential TP is 142.50 and we see a breakaway trend, there is 143.00 which is 60% of the average weekly traded range. Can happen tomorrow with BOJ.

Or, we wait for a PA break above the high of that WRB.

Whatever the case, if we don;t feel good, then either we reduce the risk of this trade or stand aside. Either way, no regrets as the objectve is not to lose our hard earned money.

Trade Well!

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,575
  • Jan 21, 2014 1:09am Jan 21, 2014 1:09am
EJ H1 ... at FO, seeing a PCRF anyone?

Edit:
add chart

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H1 21 Jan FO 15mins PCRF.png Size: 39 KB


WAITING ....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,576
  • Jan 21, 2014 1:38am Jan 21, 2014 1:38am
Quoting emmanuel7788
EJ H1 ... at FO, seeing a PCRF anyone? Edit: add chart {image} WAITING ....
good morning (at my location) emmanuell7788,

yes, I thought to enter some minutes ago, but because of there is no TDI cross yet, S/R in front, LO ahead I was doubtful and didn't jump on.
fxFox (all times in my charts are GMT+1)
  • #29,577
  • Edited 2:02am Jan 21, 2014 1:42am | Edited 2:02am
EU H4 21 Jan ...GMT0742 now
looking at a potential TDI bounce setup on H4 when the current H4 candle closes in 15 mins.
But need to see a strong bull H4 candle close.


Edit: Update at LO.
That last H4 close flat so we dont have a TDI bounce.

Always wait till the candle close.

Attached Image (click to enlarge)
Click to Enlarge Name: EU 21 Jan H4 no TDI bounce.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,578
  • Jan 21, 2014 1:46am Jan 21, 2014 1:46am
Quoting fxFox.mb
{quote} good morning (at my location) emmanuell7788, yes, I thought to enter some minutes ago, but because of there is no TDI cross yet, S/R in front, LO ahead I was doubtful and didn't jump on.

good morning fxFox

yes,there is not TDI cross on H1 at the moment.
safer to wait until LO and a PA break above the recent high (green line)


Trade Well!

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,579
  • Jan 21, 2014 1:46am Jan 21, 2014 1:46am
Hi Phx62 and emmanuell7788,

Could you please explain a bit in detail with an example or two how to identify Pullback Candle Reverse Formations (pcrf) on the hourly charts?

Would really appreciate your generosity if you do, thanks in advance.

Best Regards,

Raza
Raza
  • #29,580
  • Jan 21, 2014 1:52am Jan 21, 2014 1:52am
Quoting shr5
Hi Phx62 and emmanuell7788, Could you please explain a bit in detail with an example or two how to identify Pullback Candle Reverse Formations (pcrf) on the hourly charts? Would really appreciate your generosity if you do, thanks in advance. Best Regards, Raza

shr5:

few hours ago, I posted somethiing. Post#29,556

those are reversal candlestick patterns.

study all of Phx62 posts pdf and also that pdf in post #29,556 above.

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