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Trading Made Simple

  • #30,981
  • Feb 17, 2014 6:34pm Feb 17, 2014 6:34pm
Quoting Lane
{quote} To be honest, during Big Picture Planning I saw GU was really overbought and hitting a level last seen in 2011, I was looking for any bearish sign, despite being aware how risky it is to take IB as reversal signal. In this particular case the difference between IB close and mother candle break was around 20 or so pips so who cares. I had "high hopes" for a swing trade but only later I saw the calendar... So I guess we're waiting for the news to kick it up a notch. I'll scale out and make a tighter SL on remaining position and probably put...

here is what I suggest, start with Big Picture Planning approach.

Look at MN charts, see where the last time we have a close price where buyers and seller agreed. Draw a line across your chart. That my MN swing level.

Then go down to Weekly chart, see where PA is in relation to the nearest MN Close price swing level. Do you see a particular candlestick pattern or bar pattern?

Go to D chart, what you see as the market type?
trending or sideways?
if sideways, is that narrow range sideways or wide range sideways?
is there any candlestick pattern we can use at the setup? Master Candle, Inside Bar,

No on our trading chart TF H4,

do we see 3-bars reversal setups? IB breakot setups?
do we see the APB/HA PA ?
do we have TDI condition we look for ? TDI cross, 12-2, 4-6 ... to confirm the PA?

where are the recent nearby support and resistance on H4? Previous D OHLC, Prev D Fib? RN , and where are those MN swing levels, where are those Weekly swing levels?

I ask these all the time when I look at my charts.

Try it.
That will help make trading decisions much quicker and easier.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,982
  • Feb 17, 2014 6:36pm Feb 17, 2014 6:36pm
Quoting hostwey
Potential cross on TDI Daily GBPUSD (evening star doji?) {image}

nice.

one more D and we shall see if we have a reversal confirmation.

1.6700 is potential show stopper.... UK CPI will be better than forecast then picture change.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,983
  • Feb 17, 2014 6:40pm Feb 17, 2014 6:40pm
Quoting emmanuel7788
{quote} here is what I suggest, start with Big Picture Planning approach. Look at MN charts, see where the last time we have a close price where buyers and seller agreed. Draw a line across your chart. That my MN swing level. Then go down to Weekly chart, see where PA is in relation to the nearest MN Close price swing level. Do you see a particular candlestick pattern or bar pattern? Go to D chart, what you see as the market type? trending or sideways? if sideways, is that narrow range sideways or wide range sideways? is there any candlestick pattern...
Thanks Emmanuel, I'll start doing these specifics from now on.
  • #30,984
  • Feb 17, 2014 6:49pm Feb 17, 2014 6:49pm
Quoting emmanuel7788
{quote} Noosaville, Good start with a new PC. Best thing to do is to copy the entire MT4 installation to the root directory of your C: drive, then create a shortcut to that MT4 Terminal.exe and place that in your Desktop. Skip those Windows folder where it install programs. When you have MT4 updated to Build 600 above ( see 610 is the most current) , look for thet MQL4 subfolder and that's where all the Expert Advisors, Indicators, Scripts, etc.. located, and should be copied to the correct folder of its own. The templates remain in the MT4 root...
Thank you Emmanuel, I'll follow your instructions and get the Template installed and follow this excellent thread. Your regular inputs have taken TMS to another level. Noosaville
  • #30,985
  • Feb 17, 2014 7:08pm Feb 17, 2014 7:08pm
Here is my GA trade using a BEOB candle as the setup and trigger with TDI confirmation.
Positive Aussie data moved this.


Attached Image (click to enlarge)
Click to Enlarge Name: GA H4 week 08 trade BEOB.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,986
  • Feb 17, 2014 7:12pm Feb 17, 2014 7:12pm
Quoting Noosaville
{quote} Thank you Emmanuel, I'll follow your instructions and get the Template installed and follow this excellent thread. Your regular inputs have taken TMS to another level. Noosaville
Noosaville,

You are most welcome and all the best with your new PC and trading.
i had always thought Noosaville was somewhere in NZ now I know it is in the Sunshine state.
Next time I come up north, I will definitely look for you.

Cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,987
  • Feb 17, 2014 7:34pm Feb 17, 2014 7:34pm
Quoting amirsaid
hello brothers any body have the set file for thv cavemanager v1.41 i need after 20 or 25 pips move the sl save taht 20 pips and be also 5 pips tahnks in advance
see post 30039 for the ea and a pdf explaining all the options.
  • #30,988
  • Edited 10:16pm Feb 17, 2014 9:49pm | Edited 10:16pm
EJ 1 H
I didn't buy EJ yesterday since the strong resistance level around 140. When it pulled back shy of 140, I planted a buy stop at 140 level. TDI has a nice bounce. Now SL's set to BE.... I think it was a low risk trade.

Attached Image
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #30,989
  • Feb 18, 2014 12:04am Feb 18, 2014 12:04am
Quoting emmanuel7788
Here is my GA trade using a BEOB candle as the setup and trigger with TDI confirmation. Positive Aussie data moved this. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GA H4 week 08 trade BEOB.png Size: 28 KB


Trade got stopped out.

Attached Image (click to enlarge)
Click to Enlarge Name: GA H4 week 08 trade closed.png Size: 27 KB


Now look for re-entry, perhaps after the UK data release today.

There is a huge Master Candle to the left.... make good use of that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,990
  • Feb 18, 2014 12:10am Feb 18, 2014 12:10am
Quoting emmanuel7788
{quote} Hi 4Good, We see a price pull back or correction after last week bullish rally.There is no reversal seen yet as it will take another 2 days candles to confirm a bearish reversal. On my MN charts, there is a historicla swing level 1.6703 and this being tested now but the MN candle is not yet close. We should be watching in the lower TF to see how price reactsaround this levels and pick some small trades on H4 and also H1. {image} I did a H4 trade entry, sort of late entry as I missed the timing when that H4 IB closed. but the 3-bar reversal...

GU trade closed. Decided to cut loss on this trade and wait till the UK data release.
Loss -5pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 week 08 trade closed.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,991
  • Feb 18, 2014 12:22am Feb 18, 2014 12:22am
Quoting emmanuel7788
{quote} {image} Trade update: Scale-out +52pips as price break the upper trendline of the contracting triangle. BIOJ poilicy statment today in Tokyo so I keep the initial SL and the +52pips wil reduce the overall risk to 0.5R instead of 1R. Good sign as we see TDI PL cross the MBL and the PA is above the WPv as in my Big Picture Planning. When we see the PL Green line diverge from the TSL Red line and both move above the MSL yellow line, we look at the Price Action above on the price chart. So long at the APB/HA remains bullish blue colour and with...

EJ H4 trade update:

Move my Protective Stop PS to protect +52pips.
I see potential that this will run higher.
Have a look at the D1 and W1 using the PAC.
Now is to plan another trade add-on.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4 week 08 trade update 2.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,992
  • Feb 18, 2014 12:36am Feb 18, 2014 12:36am
Hi all

EURAUD

How do you think this H4 IB breakout trade....
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 219 KB
Sad i'm not trying to understand PA
  • #30,993
  • Feb 18, 2014 1:59am Feb 18, 2014 1:59am
Quoting omonisha
Hi all EURAUD How do you think this H4 IB breakout trade.... {image}

you should be in the market already .... or are you waiting?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,994
  • Feb 18, 2014 2:14am Feb 18, 2014 2:14am
EURJPY crossing on the hourly. Supply area just above?
Attached Image (click to enlarge)
Click to Enlarge Name: 18eurjpyh1.png Size: 40 KB
  • #30,995
  • Feb 18, 2014 2:26am Feb 18, 2014 2:26am
EURAUD cross up, at top of 'Tokyo channel'
Attached Image (click to enlarge)
Click to Enlarge Name: 18euraudh1.png Size: 39 KB
  • #30,996
  • Feb 18, 2014 2:37am Feb 18, 2014 2:37am
Took AJ trade on london open. a bit late. should have seen the short coming after it failed to penetrate last week high and round number R.
anyone else in the trade?
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyh1.png Size: 116 KB
Daniel
  • #30,997
  • Feb 18, 2014 2:43am Feb 18, 2014 2:43am
9.30am and 10.00am uk time we have some big news!!

GBP pairs at 9.30 we should see some big moves good luck
Give yourself a chance and trade it like it's layed out...
  • #30,998
  • Feb 18, 2014 2:51am Feb 18, 2014 2:51am
Quoting Bizzzle
9.30am and 10.00am uk time we have some big news!! GBP pairs at 9.30 we should see some big moves good luck
GBPUSD already on the move! ;o)
Attached Image (click to enlarge)
Click to Enlarge Name: 1802gbpusdh1.png Size: 36 KB
  • #30,999
  • Feb 18, 2014 3:02am Feb 18, 2014 3:02am
Quoting emmanuel7788
{quote} here is what I suggest, start with Big Picture Planning approach. Look at MN charts, see where the last time we have a close price where buyers and seller agreed. Draw a line across your chart. That my MN swing level. Then go down to Weekly chart, see where PA is in relation to the nearest MN Close price swing level. Do you see a particular candlestick pattern or bar pattern? Go to D chart, what you see as the market type? trending or sideways? if sideways, is that narrow range sideways or wide range sideways? is there any candlestick pattern...
Hi emmanuel.or any one ,at the risk of being shot down in flames and to save me going back over 31000 posts ,could you tell me (1) is the 12-2,4-6 eastern time (2) I see from your chart you've ditched the Ema,so is it not of much value on this strategy ? (3) I also notice you don't have stochastic on your chart so again do you think its not that worth while? (4) lastly are the yellow and blue lines on your TDI bollinger bands ,or something else..I really appreciate any help and sorry if its been said before.Great thread thanks to all,
  • #31,000
  • Feb 18, 2014 3:33am Feb 18, 2014 3:33am
EURNZD H4 trade 18 Feb.

There is a D chart Master Candle 3 days ago. In H4 TF, is a nice BUOB candle setup confirm with TDI 12-2 bounce.

Attached Image (click to enlarge)
Click to Enlarge Name: EN H4 week 08 18 Feb trade.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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