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Trading Made Simple

  • #29,741
  • Jan 23, 2014 8:02am Jan 23, 2014 8:02am
a Long chance ?
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So sorry for always replying late! But I got 2 Jobs!!
  • #29,742
  • Jan 23, 2014 8:04am Jan 23, 2014 8:04am
Hello,
Here is a USD / JPY H4 trade. This is obviously a fals trade because of the ranging market. I entered on the second candle (my mistake: not at the beginning), when TDI crossed red and 50 line. I thought the TDI is going also to break the yellow line, so it would be a very goog trade ( +100 pips), but failed.
I closed the trade, after i saw it has no momentum and the TDI is not going to rise. Just a little loss here, but a good opportunity to learn.
Please feel free to comment.
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  • #29,743
  • Jan 23, 2014 8:05am Jan 23, 2014 8:05am
Quoting Muhammad Ezz
a Long chance ? {image}

Take it Easy Ya Bash Mohandis!, there is a lot to learn, start with the PDF's from the clip of this thread
  • #29,744
  • Jan 23, 2014 8:15am Jan 23, 2014 8:15am
Quoting geomoon
{quote} Take it Easy Ya Bash Mohandis!, there is a lot to learn, start with the PDF's from the clip of this thread

where's that ya kbeer ... post no. plz
So sorry for always replying late! But I got 2 Jobs!!
  • #29,745
  • Jan 23, 2014 8:40am Jan 23, 2014 8:40am
Quoting Muhammad Ezz
{quote} where's that ya kbeer ... post no. plz
it's recommended to start reading from the first page and I know it's a long trip but it's for your own sake.
Just click on the clip icon on the top of the page and look for PDF's for Phx62 study ceases as a start, although every trader here has a great experience and type of trading specially Emmanuel , he is a true mentor and a great friend .

Rabena ma3ak Ya Doctor
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  • #29,746
  • Jan 23, 2014 9:12am Jan 23, 2014 9:12am
Quoting geomoon
{quote} it's recommended to start reading from the first page and I know it's a long trip but it's for your own sake. Just click on the clip icon on the top of the page and look for PDF's for Phx62 study ceases as a start, although every trader here has a great experience and type of trading specially Emmanuel , he is a true mentor and a great friend . Rabena ma3ak Ya Doctor {image}

teslam ya rayyes
So sorry for always replying late! But I got 2 Jobs!!
  • #29,747
  • Jan 23, 2014 9:57am Jan 23, 2014 9:57am
4 trades this morning:
AUD/CAD SELL H4
USD/JPY SELL H4
NZD'/USD BUY H4
EUR/USD BUY H4
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  • #29,748
  • Jan 23, 2014 10:16am Jan 23, 2014 10:16am
Quoting lastingwell
{quote} 1. I check D1 before I start trading for the day, and I check H4 before I take a trade. 2. On D1 I look for any particular candle pattern I should bear in mind, like a pin bar for instance that might affect the trades, but its not set in stone just something to bear in mind. On H4 before a trade I like to see it at least starting to move the way I'm trading, for instance a pullback candle, candle turning the right colour, anything that would give me a clue that it could go the way I'm wanting to trade. 3. I check those timeframes as well....
Dear Lastingwell,

Pls see below image advise me.
when we have h1 setup & in that time M5 TDI is oversold area & when h1 tdi cross h4 current candle did not change as red but it already start to move sell side.
when This kind of setup happened what should I do?

1) I should enter trade or wait till m5 pullback before entering.
2) if i wait till m5 pull back which time i should enter trade.
* I should wait till m5 TDI pull back & again cross or bounce our side to enter the trade.
OR
* I should wait till price pull back some pip and then enter the trade



Thnaks
Helanka
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Helanka
  • #29,749
  • Jan 23, 2014 12:24pm Jan 23, 2014 12:24pm
Hi guys.

I'm curious how do you identify candle stick patterns when there's Heiken-ashi laid on top? Do you switch on and off the Heiken-Ashi to see the actual candle?
Everything you can imagine, is real - Pablo Picasso
  • #29,750
  • Edited 2:54pm Jan 23, 2014 1:14pm | Edited 2:54pm
Quoting Direwolf
Hi guys. I'm curious how do you identify candle stick patterns when there's Heiken-ashi laid on top? Do you switch on and off the Heiken-Ashi to see the actual candle?
I don't think you need to identify candlestick patterns here when using this strategy. It's not part of it.

Basically, if the color of the HA candle changes, parallel with a cross on the TDI, then enter the trade. At least that's how interpret this system. As additional indi I use slow stoch (5-3-3) on M15 charts.

I hope this is helpful to you.

update:

something that is also helpful is decision making, is to look for negative divergence, which can be a sign of reversal, see pic below, a trade I just took. The blue lines represent negative divergence. btw as you can see, my entry was a bit late

http://www.chartupload.com/images/61...3231451754.png
  • #29,751
  • Jan 23, 2014 1:25pm Jan 23, 2014 1:25pm
Hello everybody, I'm another Newbie to trading. Please be gentle and forgive me if i ask any dumb and or stupid questions!!
I am looking forward from learning from all of you.
Thanks and Good luck to everybody.

  1. Post 37
  2. Cleanup
  3. Quote
  4. Apr 25, 2011

  • #29,752
  • Jan 23, 2014 3:09pm Jan 23, 2014 3:09pm
Quoting Helanka
{quote} Hi buddy Nice trade. Helanka
Thank you Helanka. When there are candles with Long upper/Lower wicks, i usually don't trade. It is very difficult to trade in side way markets. It is nice to learn something together as we learn from each other along with mistakes which is the part of the game.
  • #29,753
  • Jan 23, 2014 3:53pm Jan 23, 2014 3:53pm
Quoting emmanuel7788
Learn to use the D chart candle OHLC to determine where the recent support and resistance are... Here is today' EJ example: {image} price rallied to 142.39... then pullback.
First the Day' High:

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then the Day' Low

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,754
  • Edited 4:45pm Jan 23, 2014 4:07pm | Edited 4:45pm
Quoting Direwolf
Hi guys. I'm curious how do you identify candle stick patterns when there's Heiken-ashi laid on top? Do you switch on and off the Heiken-Ashi to see the actual candle?

Direwolf:

That's simple.I have separate different charts when I do my analysis and study.

When I do my live trades, I have the charts switch to show the Bar Chart so that I can see the real price Open High Low and Close OHLC.
The APB as its names denotes is an indicator to show the Average Price which is calculated using a formula.
The APB Open do not show you the real price Open in certain price volatile situations.
With your chart switch to show Bar Chart, you will see the real price over the APB. You need to set the line thickness of the APB indicator for a better view.

Candlestick patterns and Bar patterns are the same thing. Knowing them will help you pick only the A+++ trades.
If you trade every TDI cross and APB change colour, you will bound to lose all you hard earned money.

Price charts using either the Japanese candlesticks or the original price bars will help you identify support and reistance much better than simply looking at the APB/HA.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,755
  • Jan 23, 2014 4:15pm Jan 23, 2014 4:15pm
Quoting BataviaTrade
{quote} I don't think you need to identify candlestick patterns here when using this strategy. It's not part of it. Basically, if the color of the HA candle changes, parallel with a cross on the TDI, then enter the trade. At least that's how interpret this system. As additional indi I use slow stoch (5-3-3) on M15 charts. I hope this is helpful to you. update: something that is also helpful is decision making, is to look for negative divergence, which can be a sign of reversal, see pic below, a trade I just took. The blue lines represent negative...

helpful but not necessarily the best advice for techncial trading a discretionary trade method.

divergences between price and indicator do fade-in and fade out.

until you understand how and why divergence happens, we will lose some trades seeing divergence.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,756
  • Edited 4:31pm Jan 23, 2014 4:18pm | Edited 4:31pm
Quoting irishtoffy
{quote} Yes I closed at BE also! Current H4 bar could be setting up for a nice Sell trade with TDI green and red crossing, and red pointing down coming from strong overbought position. Also coming from around the recent R. I will watch to see how PA develops

Nice drop below 172.72 and Fib127 failure setup and price retraced back into the previous W range, creating this week' upper shadow or upper wick.

I missed that.....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,757
  • Jan 23, 2014 4:56pm Jan 23, 2014 4:56pm
Just had a quick review of all my charts.
USD took quite a beating today. Euro is top performer, it has been quite a while since we see such huge move.
UJ took a dive after a double tops wiping out last week' slow rise.

I don't see anticipate any more big moves on Friday so best thing to do is trade H1 and below, and try catch some tail end profit taking moves.

AU fell below 0.8770, so I see that is now resistance for sell setups.


Trade Well.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,758
  • Jan 23, 2014 5:00pm Jan 23, 2014 5:00pm
EJ

some unusual activity the last hour.
anyone saw that?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,759
  • Jan 23, 2014 5:26pm Jan 23, 2014 5:26pm
Quoting emmanuel7788
EJ some unusual activity the last hour. anyone saw that?
Not too sure what you mean by unusual activity. What i see on EJ is a fail down break from range trading.
Daniel
  • #29,760
  • Jan 23, 2014 5:31pm Jan 23, 2014 5:31pm
Quoting Greenb
{quote} Not too sure what you mean by unusual activity. What i see on EJ is a fail down break from range trading.
while waiting for the Sydney open, I saw this.

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