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Trading Made Simple

  • #30,401
  • Feb 5, 2014 2:55am Feb 5, 2014 2:55am
Quoting emmanuel7788
{quote} yes, looking just at that in isolation. that is a reaction at the Prev W Fib 50% 89.35 and RN 90.00 don't ignore the 3-bars bearish reversal (very smallish but visible in 30mins) which happened at 90.25.
Thanks
  • #30,402
  • Feb 5, 2014 2:56am Feb 5, 2014 2:56am
Quoting emmanuel7788
AJ now we are at LO candle, also Tokyo close H candle ... can be fakey. we wait till we see sellers jump in. {image}
Thanks for this analysis - is that 'snippet' re Falling Three Methods from Steve Nisson's site? Edit I see the copywrite for Thomas Bulkowski http://thepatternsite.com/ :-)
  • #30,403
  • Feb 5, 2014 3:02am Feb 5, 2014 3:02am
Quoting studio1
{quote} Thanks for this analysis - is that 'snippet' re Falling Three Methods from Steve Nisson's site?

I think Steve Nison calls that.
But Thomas Bulkowski has different name for the same thing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,404
  • Feb 5, 2014 3:41am Feb 5, 2014 3:41am
My last trade for today.
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  • #30,405
  • Feb 5, 2014 4:02am Feb 5, 2014 4:02am
Quoting emmanuel7788
For those of you who want to look at charts with different timeframes All-In-One like the pic posted below, download the indicators and template to your MT4 installed folder. {image} {file} {file} {file} {file} {file}
If you don't mind, could you please give me some information about HeikenAsh DM and Magnified Symbol & TF on chart.ex4? I made Google research but couldn't find proper information. In addition, when I run MT4 (build 509), Magnified Symbol & TF on chart.ex4 mysterically disapears from my indicators folder. Have you seen the same issue before? Once it disappeared, it even cannot be found on Trash bin. (I am running MT4 on Mac using Crossover.)

Thanks
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #30,406
  • Feb 5, 2014 5:29am Feb 5, 2014 5:29am
Evening everyone,


I got a prompt to update my MT4 today, which I refused. But I figure I will be forced to do it at some point soon.

So what can I do to prepare?

I have saved all my files from my current version (templates, indicators, EA, scripts), so that I can then copy them over to the corresponding folders in the new version.

Is there anything else I can do or should do? I'm getting worried reading these horror stories about indis no longer working, etc.

Has anyone updated and not had any issues at all? If so, what OS are you running. I'm on Windows 8.1..

I have not placed very may trades lately, due to work and also when I have free time I have taken to reading all Big E's posts again right form page 1. To remind myself exactly what the basic are of this strategy and improve my confidence in taking trades.

But I am always reading the recent posts also.

Opened sell on EJ and GJ. Slightly premature before the TDI cross but PA bounced right off my designated R area for the week on both pairs and therefore the area where I really watch PA closely.


irishtoffy
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  • #30,407
  • Feb 5, 2014 6:06am Feb 5, 2014 6:06am
Quoting emmanuel7788
{quote} Please check and tell me which MT4 version you have installed in your PC. Since yesterday many MT4 got updated to the new version 600. It is going to be a long day .... {image}

Hello Emmanuel thanks again and again for your kind response I have MT4 version 4 build 600 3 feb 2014 please what next can I do
  • #30,408
  • Feb 5, 2014 6:09am Feb 5, 2014 6:09am
Hi , i share with you my morning trade, GBP/JPY based on pullback candle , touch of 200 EMA, TDI cross, TP @ weekly support (about 30 pips)
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  • #30,409
  • Feb 5, 2014 6:10am Feb 5, 2014 6:10am
EJ H1 trade.

Sentiment for the day was short, since price bounced off the 23.6% level and couldn't close above it, with bearish divergence, waited to enter beyond the break of the double bottom and got stopped out after. TP was at previous support.

Anything I missed? Or was my SL too tight? -26pips

EA H1 trade.

Price currently in a downward channel, sentiment is to continue downwards. Price retraced at the 23.6% fib, TP was at previous support. +59 pips

Anything I missed for this trade too?
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  • #30,410
  • Feb 5, 2014 7:22am Feb 5, 2014 7:22am
What good is it to show past trades? Why not posting when you enter?

By the way, still testing.
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  • #30,411
  • Feb 5, 2014 7:38am Feb 5, 2014 7:38am
@Alfis. I'm still a newbie but here's what I think.

This area is difficult to trade at the moment because

1. the pair struggled a lot in this area creating S/R all over the place. Price could bounce in any direction. I marked the S/R in red for you to see.
2. price is respecting the trend line quite strongly. So if I am to enter this trade, I would wait to entry signal to form close to the trend line so I have some space to trade away from it. I put a red arrow there as somewhere I would enter trade.

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Everything you can imagine, is real - Pablo Picasso
  • #30,412
  • Feb 5, 2014 7:59am Feb 5, 2014 7:59am
Quoting attilafx
What good is it to show past trades? Why not posting when you enter? By the way, still testing. {image}
Because the idea is to learn the system for yourself and not piggyback ride other people's trades. And by you I don't mean you personally.

Some of us do it, though.
  • #30,413
  • Feb 5, 2014 8:07am Feb 5, 2014 8:07am
Entering GJ. Price rejected 164.000 leaving a long wick and engulf the previous bar. TDI crossed up, HA color changed.

TP 50 pips around the trend line. Will see what it does if it hit 165.000

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Everything you can imagine, is real - Pablo Picasso
  • #30,414
  • Feb 5, 2014 8:13am Feb 5, 2014 8:13am
Quoting Direwolf
Entering GJ. Price rejected 164.000 leaving a long wick and engulf the previous bar. TDI crossed up, HA color changed. TP 50 pips around the trend line. Will see what it does if it hit 165.000 {image}
?

I also took it on PCRP confirmation

Triple bottom has me gunning for 100, though.
  • #30,415
  • Feb 5, 2014 8:15am Feb 5, 2014 8:15am
Quoting WDays
{quote} Because the idea is to learn the system for yourself and not piggyback ride other people's trades. And by you I don't mean you personally. Some of us do it, though.
So? Who cares if they want to piggyback? I would be happy if my trades actually make money for other people. The more the better. Don't need to be selfish. Not you but some....
The best way to learn is realtime. So If I make a trade, I post it. if it's wrong then somebody can correct me with better experience. So much money out there you really won't make it worse for yourself if you show realtime your trades.
I've never understood that.
  • #30,416
  • Feb 5, 2014 8:20am Feb 5, 2014 8:20am
Quoting Direwolf
Entering GJ. Price rejected 164.000 leaving a long wick and engulf the previous bar. TDI crossed up, HA color changed. TP 50 pips around the trend line. Will see what it does if it hit 165.000 {image}
it is a very risky trade. I would love to see some sort of confirmation first. I hope it works out for ya.
  • #30,417
  • Feb 5, 2014 8:20am Feb 5, 2014 8:20am
Quoting attilafx
{quote} So? Who cares if they want to piggyback? I would be happy if my trades actually make money for other people. The more the better. Don't need to be selfish. Not you but some.... The best way to learn is realtime. So If I make a trade, I post it. if it's wrong then somebody can correct me with better experience. So much money out there you really won't make it worse for yourself if you show realtime your trades. I've never understood that.
The idea is for people to learn. You are not helping them learn by biasing them.

Conversely, you are not helping yourself by biasing yourself wheneve you post a trade and someone tells you he wouldnt take it for this or that reason.

The only way to progress is thru trial and error. Your own trial and error.
  • #30,418
  • Feb 5, 2014 8:22am Feb 5, 2014 8:22am
Which ones are the 3 bottoms WD? These?

Attached Image


Price going up fast. Already hitting (and pausing) at 165.000.
Everything you can imagine, is real - Pablo Picasso
  • #30,419
  • Feb 5, 2014 8:25am Feb 5, 2014 8:25am
Quoting Direwolf
Which ones are the 3 bottoms WD? These? {image} Price going up fast. Already hitting (and pausing) at 165.000.
Yessir. Those are the ones. Price failed to move lower three times now.. I'm guessing a good move up is in order
  • #30,420
  • Feb 5, 2014 8:28am Feb 5, 2014 8:28am
@Attilafx - thanks. Since I'm primarily a PA trader, my confirmation is the signal candle itself and the level it forms I'm trying to combine what I know about PA with TMS and so far it's making lots of sense.
Everything you can imagine, is real - Pablo Picasso
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