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Trading Made Simple

  • #30,061
  • Jan 29, 2014 8:41pm Jan 29, 2014 8:41pm
Always zoom out to see the bigger picture of price action even when you are trading H1. Look back at the previous weeks....the APB/HA helps with the visual.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H1 POMO.png Size: 116 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,062
  • Jan 29, 2014 9:54pm Jan 29, 2014 9:54pm
A couple more trades on EU/AU H1 since the last post, including a break above the trendline....entered shortly after LO.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.1.29 ea h1.png Size: 78 KB

Three trades this week on EJ H1, including the big move down following LO this morning. A market harmonic move with the CD coming up a little short of the AB move. Entry was made on a break below the LO candle.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.1.29 ej h1.png Size: 79 KB
  • #30,063
  • Jan 29, 2014 11:17pm Jan 29, 2014 11:17pm
Quoting Phx62
A couple more trades on EU/AU H1 since the last post, including a break above the trendline....entered shortly after LO.{image}
Hi Phx. The last long entry on EU/AU. How did you have the confidence that the last entry would move higher than the triple top yesterday? I'm curious as your entry was so close to that level.
Everything you can imagine, is real - Pablo Picasso
  • #30,064
  • Jan 30, 2014 12:20am Jan 30, 2014 12:20am
Dear Emmanuel,

I have seen MPTM V6 on you chart, but I could not find the same on forexfactory or stevehopwood website. If you don't mind could you please share it .

Thanks
Manoj
  • #30,065
  • Jan 30, 2014 1:37am Jan 30, 2014 1:37am
Hi,

Current H4 candle of GBPUSD is of 1500 pips. How is it possible ? Can somebody guide me ?

Thanks
Manoj
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 30 KB
  • #30,066
  • Jan 30, 2014 1:45am Jan 30, 2014 1:45am
Quoting manoj_3986
Hi, Current H4 candle of GBPUSD is of 1500 pips. How is it possible ? Can somebody guide me ? Thanks Manoj {image}
Trade it Manoj, its a beautiful Pin Bar

Maybe try right clicking on the chart and clicking on "refresh"

A 1500 pip stop loss is a bit big for me!

Oz
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #30,067
  • Jan 30, 2014 1:48am Jan 30, 2014 1:48am
Quoting manoj_3986
Hi, Current H4 candle of GBPUSD is of 1500 pips. How is it possible ? Can somebody guide me ? Thanks Manoj {image}
thats a very beautiful pin bar...hmmm i predict 1500 pips bullish after the 4h.
But really, its only your charts that outdated. chechk your internet connection and let your mt4 refresh with new quote from broker.
if all else fails. close your mt4 and reopen. hope that helps
Daniel
  • #30,068
  • Jan 30, 2014 2:56am Jan 30, 2014 2:56am
Quoting Direwolf
{quote} Hi Phx. The last long entry on EU/AU. How did you have the confidence that the last entry would move higher than the triple top yesterday? I'm curious as your entry was so close to that level.
I assume you are asking about the double top marked on the chart. That occurred prior to LO the previous day and I didn't considered that a strong resistance because it occurred over 24 hours earlier. I did consider several things in taking this trade....1. Price tested and bounced off the 200 EMA twice before breaking the trendline. Resistance at the 200 EMA is a very strong indication that price may move up. 2. Price finally broke above and closed above the trendline and the gray daily resistance line. The trendline had been tested 5 times before being broken. 3. The trade was taken shortly after LO, which is normally a time of good market volume (the previous 3 days moved over 100 pips every day) and the TDI green had broken above the 50 line after crossing red and gold earlier. Entry was a price action trade and was not taken per TDI rules (1st or 2nd candle). I would not have entered the trade based on the cross of the TDI because of the previous resistance at the trendline and the daily resistance line. Regards.
  • #30,069
  • Jan 30, 2014 2:57am Jan 30, 2014 2:57am
Quoting manoj_3986
Hi, Current H4 candle of GBPUSD is of 1500 pips. How is it possible ? Can somebody guide me ? Thanks Manoj {image}

just a glitch in the data feed in the demo server.

I would be extremely happy if that spike down is real on my broker and my trade would have been closed with 25R.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,070
  • Jan 30, 2014 3:00am Jan 30, 2014 3:00am
Thankyou pundit 78 & emmanuel for your advice, I'll work on it hopefully to a good result.. noosaville
  • #30,071
  • Jan 30, 2014 3:03am Jan 30, 2014 3:03am
Quoting manoj_3986
Dear Emmanuel, I have seen MPTM V6 on you chart, but I could not find the same on forexfactory or stevehopwood website. If you don't mind could you please share it . Thanks Manoj

Hi Manoj,

that MPTM v6 is my own customised version I used for managing multiple entries and multiple exits.

There are several members with requests with different trade exit management. I am working on a generic version with set files and also scripts for placing market orders, pendiong orders, etc. Almost done this week except that I wanted to test them in the new MT4 Build 579. Once the tests are finish by Firday this week, I will work on a short user manual.
My target is mid next week then I will be able to post the MPTM TMS version for H1 trading and also 4H swing trading. Please wait.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,072
  • Jan 30, 2014 3:09am Jan 30, 2014 3:09am
Thank you Phx.

So the EJ short trade (CD) was rejecting EMA 200 as well? And the reason you didn't enter on the first rejection 6-7 candles earlier was because it's in Asian session? Do you have any other MA on your chart?
Everything you can imagine, is real - Pablo Picasso
  • #30,073
  • Jan 30, 2014 3:16am Jan 30, 2014 3:16am
Quoting emmanuel7788
{quote} just a glitch in the data feed in the demo server. I would be extremely happy if that spike down is real on my broker and my trade would have been closed with 25R.
Its on alpari live micro server. Price has dropped and came up within fraction of seconds. I thought it might be error so I have restarted mt4. Even android server is having same candle. I will just ignore if no body else broker is having this spike.
  • #30,074
  • Jan 30, 2014 3:20am Jan 30, 2014 3:20am
Quoting emmanuel7788
{quote} Hi Manoj, that MPTM v6 is my own customised version I used for managing multiple entries and multiple exits. There are several members with requests with different trade exit management. I am working on a generic version with set files and also scripts for placing market orders, pendiong orders, etc. Almost done this week except that I wanted to test them in the new MT4 Build 579. Once the tests are finish by Firday this week, I will work on a short user manual. My target is mid next week then I will be able to post the MPTM TMS version...
I would love to wait.
  • #30,075
  • Jan 30, 2014 4:12am Jan 30, 2014 4:12am
Hi All,

Back to business. Today tradeEJ H1 during EO. +50pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyLO3012013.png Size: 52 KB
  • #30,076
  • Jan 30, 2014 4:21am Jan 30, 2014 4:21am
GU very strong down move.
need to break below 1.6450 historical ...

Where will you place your final TP?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,077
  • Jan 30, 2014 4:21am Jan 30, 2014 4:21am
want to say thank you to all the professionals here that are given us good information on how to trade this system in it simplified form thanks to bizzle, emmauel( your post is a most read anytime),imi(I copy your trading style),PHX62( you are wonderful you always amaze me with your trading style that is unbeatable and still trying to learn your style),Lane, pipmurfer, WWAY,lasting although I am still learning and trying to develop my third eyes for this things I pray I will be like your guys soon

took this trade today pls correct me if I am wrong
GBPJPY(40pips)-setup candle was in 1hr,when I saw the long candle close I move to 15mins as shown in to enter for short with the tdi in 1hr below the MBL line
GBPNZD(40pips) -saw a bearish close belew the 1hr chart waited for a move to 15mins and I saw the rejection of the previous monthly high and candle pushing downward with cross of the tdi on 1hr and breaking below the previous day high and the 1hr TDI coming from the overbought level moving down with fib retracement from the 0 level enter short
EURAUD(40pips)- setup candle was the 1hr engulf candle move to 15 minutes to see if the move will continue when I saw the break of the previous monthly high at 1.5601 I entered short
GBPUSD(40pips)- setup was the long selloff candle in 1hr breaking the 38.2 fib convincingly with tdi moving crossing below the MBL line I move to 15 minutes to see of the move will continue downward yes it did and I entered short :
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 153 KB
Click to Enlarge Name: gbpnzd.jpg Size: 135 KB
Click to Enlarge Name: euraud.jpg Size: 158 KB
Click to Enlarge Name: gbpuse.jpg Size: 159 KB
  • #30,078
  • Jan 30, 2014 4:22am Jan 30, 2014 4:22am
Quoting NoQuit
Hi All, Back to business. Today tradeEJ H1 during EO. +50pips. {image}

good trade....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,079
  • Jan 30, 2014 4:30am Jan 30, 2014 4:30am
Quoting 4Good
want to say thank you to all the professionals here that are given us good information on how to trade this system in it simplified form thanks to bizzle, emmauel( your post is a most read anytime),imi(I copy your trading style),PHX62( you are wonderful you always amaze me with your trading style that is unbeatable and still trying to learn your style),Lane, pipmurfer, WWAY,lasting although I am still learning and trying to develop my third eyes for this things I pray I will be like your guys soon took this trade today pls correct me if I am wrong...
4Good,
Amazing!!!!
  • #30,080
  • Jan 30, 2014 4:55am Jan 30, 2014 4:55am
Quoting emmanuel7788
GU very strong down move. need to break below 1.6450 historical ... Where will you place your final TP?
I would not take trade as price is between 150,200 and 365 ema. I have observed by backtesting that most of the time price is consolidating in this area. But even if price will go below 1.6435( 200 ema). Then my target would be 1.6335(365 ema).
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