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Trading Made Simple

  • #30,001
  • Jan 29, 2014 1:45am Jan 29, 2014 1:45am
Quoting emmanuel7788
GU H1 29 Jan trade: Buy entry just above the high of the last candle with trendline support below. Also TDI bounce. News ahead, so will manage risk. Have a Plan B in case market turn bearish. {image}
ON GJ/EJ would you say the downtrend has been invalidated about now and start to look at buys?

Or do you still consider the downtrend to be intact?

I have been watching/waiting on H4 for a nice set up for reversal on the yen crosses, but they seem to be keeping a strong uptrend going this week!
  • #30,002
  • Jan 29, 2014 1:47am Jan 29, 2014 1:47am
Quoting lastingwell
Well thats me finished with FF for a while, I am going to be too busy with a new project to be able to post and answer all the questions etc., so I wish you all good trading and will be back in around May. Thanks to phx62, bizzle, imi, goochie etc etc for your inspiration.
Hi lastingwell,

Thanks for your contribution, followed all your inputs here and found them very educational. All the best with your project and hope to see you back in May.

Cheers


Congrats everybody we have surpassed the 30,000 post mark on this thread. There's a legacy to be proud of......I'm sure Big E is smiling
  • #30,003
  • Jan 29, 2014 1:49am Jan 29, 2014 1:49am
I found this very interesting and thought some of you might as well.

https://mahifx.com/blog/interview-with-jack-schwager
  • #30,004
  • Jan 29, 2014 1:55am Jan 29, 2014 1:55am
Quoting lastingwell
Well thats me finished with FF for a while, I am going to be too busy with a new project to be able to post and answer all the questions etc., so I wish you all good trading and will be back in around May. Thanks to phx62, bizzle, imi, goochie etc etc for your inspiration.
You Will Be greatly missed.... I hope your project goes well and looking forward to your return in may

Best of luck
Give yourself a chance and trade it like it's layed out...
  • #30,005
  • Jan 29, 2014 2:02am Jan 29, 2014 2:02am
Quoting Bizzzle
{quote} EJ- 1 Hour Because if the bullish divergence on the 4 hour I have been waiting for a good buy set up! It Retraced 61.8% fib of the move in Asia waited for a lower high to form and enter with PA... Stop at BE now Best of Luck {image}
EJ - Had two lots open closed one for 85 pips stayed in because of 4 hour chart!

Holding other for now as I have know risk.

Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: 29th ej.png Size: 41 KB
Give yourself a chance and trade it like it's layed out...
  • #30,006
  • Jan 29, 2014 2:08am Jan 29, 2014 2:08am
Quoting emmanuel7788
GU H1 29 Jan trade: Buy entry just above the high of the last candle with trendline support below. Also TDI bounce. News ahead, so will manage risk. Have a Plan B in case market turn bearish. {image}

Got to cut loss on this one with that bearish spinning top and price pulling back.

Attached Image (click to enlarge)
Click to Enlarge Name: GU H1 29 Jan trade cut loss.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,007
  • Jan 29, 2014 2:14am Jan 29, 2014 2:14am
Quoting irishtoffy
{quote} ON GJ/EJ would you say the downtrend has been invalidated about now and start to look at buys? Or do you still consider the downtrend to be intact? I have been watching/waiting on H4 for a nice set up for reversal on the yen crosses, but they seem to be keeping a strong uptrend going this week!

On my big picture, we are still in a correction phase of the monthly trend.
Market type is wide range sideways more to downside (correction).
GJ has a better weekly range about 350pips, while EJ' trading raneg has fallen below 315.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,008
  • Edited 3:46am Jan 29, 2014 2:18am | Edited 3:46am
Got in AU short.
Frankfurt candle shows a quite a bit of downward pressure although it didnt close strong.
not a very good setup, but i decided to be a bit risky with 27 pips sl.

EDIT: SL at BE+1 now
EDIT2: hit my trailing stop net trade +14.5
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 105 KB
Daniel
  • #30,009
  • Edited 4:06am Jan 29, 2014 3:08am | Edited 4:06am
Couple of quick +40 pip breakout trades with my BO EA with TDI text book conformation. Gotta love that TDI, it works!

(Posted this chart for new user TDI confidence not entry/exit strategy) Actual trades made on my ECN platform. For new traders not familiar with ECN order executions; http://www.investopedia.com/terms/e/ecn.asp just another tool in your box to help you keep those hard earned pips. Think you can see consolidation on this chart?
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_06 Jan. 29 01.49.gif Size: 55 KB
Keep It Simple
  • #30,010
  • Jan 29, 2014 3:45am Jan 29, 2014 3:45am
A couple of trades I took the last 2 days.
Yesterday was 1 on EURAUD H1. Took it as a continuation of the down trend. Green and red on TDI were both angling down and took entry when green TDI confirmed by popping back below red.
Today on EURAUD H1. I saw the consolidation happening as indicated by the 2 x blue boxes. (Somebody just yesterday quoted Phx62's post about consolidation before a reversal). Also we had a cross of TDI green over red and yellow (another high quality confirmation ala PHx62), so I entered long

Attached Image (click to enlarge)
Click to Enlarge Name: EA_H1_140129.jpg Size: 207 KB
  • #30,011
  • Jan 29, 2014 3:47am Jan 29, 2014 3:47am
Quoting Bizzzle
{quote} EJ - Had two lots open closed one for 85 pips stayed in because of 4 hour chart! Holding other for now as I have know risk. Happy trading {image}
Closed second for 63 pips and currently Short possible double top and HOD enter on the 5min!!

Stops at Breakeven
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 29th.png Size: 45 KB
Give yourself a chance and trade it like it's layed out...
  • #30,012
  • Jan 29, 2014 3:49am Jan 29, 2014 3:49am
And 1 on AUDUSD H1

Attached Image (click to enlarge)
Click to Enlarge Name: AU_H1_140129.jpg Size: 200 KB
  • #30,013
  • Jan 29, 2014 4:08am Jan 29, 2014 4:08am
Quoting mor707
A couple of trades I took the last 2 days. Yesterday was 1 on EURAUD H1. Took it as a continuation of the down trend. Green and red on TDI were both angling down and took entry when green TDI confirmed by popping back below red. Today on EURAUD H1. I saw the consolidation happening as indicated by the 2 x blue boxes. (Somebody just yesterday quoted Phx62's post about consolidation before a reversal). Also we had a cross of TDI green over red and yellow (another high quality confirmation ala PHx62), so I entered long {image}
Nice Trading well done
Give yourself a chance and trade it like it's layed out...
  • #30,014
  • Jan 29, 2014 4:36am Jan 29, 2014 4:36am
Quoting Bizzzle
{quote} EJ - Had two lots open closed one for 85 pips stayed in because of 4 hour chart! Holding other for now as I have know risk. Happy trading {image}

Hi Bizzle,

Thanks for comment.

Just wanna say I appreciate your posts. You have a way of analyzing charts which is very educational. I like the HL, LL, etc. which you always shows on you charts. Hope to see many more of your charts.

Cheers
  • #30,015
  • Edited 5:38am Jan 29, 2014 4:41am | Edited 5:38am
EURAUD H1 opened at 7am close in 2 parts => about +72 pips this morning

EURJPY H1 same as yesterday, not good to trade on H1 during NY session => mixed results
I went long after FO and immediately punished because I didn't wait for the break of the asian session high.
I hedged this trade and now I am full short on the break of IB and OB and trendline with confluence of TDI

EDIT 12:20: EURJPY now reached targeted 50 pips. Chart updated. Overall result (because of partly hedging the loss) is about +30-35 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-01-29 10.45 EURAUD GMT+1.png Size: 157 KB
Click to Enlarge Name: 2014-01-29 12.20 EURJPY GMT+1.png Size: 173 KB
fxFox (all times in my charts are GMT+1)
  • #30,016
  • Jan 29, 2014 4:55am Jan 29, 2014 4:55am
[ EJ TF 60 ENTRY SHORT 29-1-2014 ]

1° TF 60 divergenge TDI
2° TRIPLE Top and close blow retrace fib ( but non so important ) and close below yesterday high
3° entry on the tf60 with candle close violet at the open of the net candle
entry with initial stop loss 50 pip ( such as phx62) and when in profit at +21 trailing form low -20 pips
on the 4 H the candle was forming and now that it's close it's a reverse pattern ( i think)


thanks in advance for any idea suggestion or other
Attached Image (click to enlarge)
Click to Enlarge Name: bbb.jpg Size: 436 KB
  • #30,017
  • Jan 29, 2014 5:23am Jan 29, 2014 5:23am
Gj
2 trade: +29 , +39
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.ih1.png Size: 50 KB
Persian Gulf forever
  • #30,018
  • Jan 29, 2014 5:39am Jan 29, 2014 5:39am
Quoting Bizzzle
{quote} Closed second for 63 pips and currently Short possible double top and HOD enter on the 5min!! Stops at Breakeven {image}
Took 50 pips on the short I posted earlier.

Double top, possible HOD!!
Attached Image (click to enlarge)
Click to Enlarge Name: 29th ej2.png Size: 23 KB
Give yourself a chance and trade it like it's layed out...
  • #30,019
  • Edited 6:56am Jan 29, 2014 5:53am | Edited 6:56am
Hi,

A rare chance to trade today, thought I'd share my trade: -

40 pips profit

http://charts.mql5.com/3/723/eurjpys...fx-fx-cfds.png
  • #30,020
  • Jan 29, 2014 6:17am Jan 29, 2014 6:17am
AU H1 29 Jan trade:

A straight forward trade. Price pulls back from previous day high, consolidates then one bearish candle with TDi cross down confirmation.

Manual close trade before NYO.

Attached Image (click to enlarge)
Click to Enlarge Name: AU H1 29 Jan trade.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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