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Trading Made Simple

  • #31,401
  • Feb 24, 2014 10:56pm Feb 24, 2014 10:56pm
Quoting Direwolf
AU has such a small daily range. Better to trade larger time frame such as H4 or daily?
agreed.
  • #31,402
  • Feb 24, 2014 11:05pm Feb 24, 2014 11:05pm
Quoting Bizzzle
{quote} Hi Phx62, I have watch the video you posted thank you very much, will give it a try! I have found a way to get the channel your looking for, you need to click on the Insert, Channels and the Fibonacci click it on your chart and then right click it and go to Fibo channel properties and then click fib level tab and have the setting below!! then you will have the channel you want hope that help {image}
THANKS BIZZZLE......
  • #31,403
  • Feb 25, 2014 12:10am Feb 25, 2014 12:10am
Quoting thinkpad123
{quote} There is strong resistance at 0.9100 are and long term downtrend channel upper portion. Do you think it can cross that area tomorrow? Actually I have a plan to look for short signals from that area. Maybe I am missing something in my analysis? {image}

well, only after today close then it be be clearer.... 9050 is remains pain in the neck to day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,404
  • Feb 25, 2014 12:50am Feb 25, 2014 12:50am
AU pre-LO 25 Feb:

Still waiting for a buy setup ...

AU had a small Daily range of 70pips.

If I see deep retracement to below 61.8%, I will wait for a buy further lower, esle I let it pass today... no trade is also trading. the D 10EMA is near 9000, I'' count on that as possible support.

Attached Image (click to enlarge)
Click to Enlarge Name: AU 25 Feb H1 intraday.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,405
  • Feb 25, 2014 1:53am Feb 25, 2014 1:53am
Quoting Phx62
{quote} THANKS BIZZZLE......
Your welcome
Give yourself a chance and trade it like it's layed out...
  • #31,406
  • Feb 25, 2014 3:36am Feb 25, 2014 3:36am
LO seems pretty quiet today ?
Everything you can imagine, is real - Pablo Picasso
  • #31,407
  • Feb 25, 2014 4:55am Feb 25, 2014 4:55am
Wondering if anyone got some trades today? Been watching a few pairs since FO but no PA.
Everything you can imagine, is real - Pablo Picasso
  • #31,408
  • Feb 25, 2014 5:02am Feb 25, 2014 5:02am
Quoting Direwolf
Wondering if anyone got some trades today? Been watching a few pairs since FO but no PA.

No.

I am watching EURAUD on H4 now, that H4 pullback candle is still in the making.

AUDUSD , missed the H1 setup...

be patient... there is US data release in short time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,409
  • Feb 25, 2014 5:03am Feb 25, 2014 5:03am
Quoting Direwolf
Wondering if anyone got some trades today? Been watching a few pairs since FO but no PA.
I'm ashamed to say I'm being massacred the past few days... I've been stupidly trying to trade GJ, which is choppy as hell. I'm dropping it as of today and moving on to EA or EN (probably EA, though, because it has a much better spread than EN).
  • #31,410
  • Feb 25, 2014 5:33am Feb 25, 2014 5:33am
EN H4 25 Feb:

Weekly is sideways
D is looking bearish
H4 shows a H&S with re-test of neckline and resistance at Prev W Fib-r 50%.
To sell, the TDI is not nice right now, to see a TDI bounce, the next candle has to be very huge compare to the recent candles.
hence not easy to get a good entry price if selling.
what to do?

Attached Image (click to enlarge)
Click to Enlarge Name: EN H4 week 09 25 Feb pre-NYO.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,411
  • Feb 25, 2014 6:18am Feb 25, 2014 6:18am
Hi Emmanuel,

Quoting emmanuel7788
{quote} AUDUSD , missed the H1 setup.

by the time you wrote this I just bought and believe its according to basic rules. So if you dont buy at open directly you would not buy some minutes later if the price comes back to the same level. In this case it did, so why you did not take it and consider it missed entry?
http://abload.de/img/2-25-20141-00-13pmkusjx.png


Thanks for info,
  • #31,412
  • Feb 25, 2014 7:20am Feb 25, 2014 7:20am
@Frenchie. If you miss a trade, you miss a trade. We gotta let it go.

After price has gone through, coming back to the level you would have entered is not a good sign. It could mean the move has lost it's momentum or it could have reversed, so many possibilities.
Everything you can imagine, is real - Pablo Picasso
  • #31,413
  • Feb 25, 2014 8:14am Feb 25, 2014 8:14am
Quoting WDays
{quote} I'm ashamed to say I'm being massacred the past few days... I've been stupidly trying to trade GJ, which is choppy as hell. I'm dropping it as of today and moving on to EA or EN (probably EA, though, because it has a much better spread than EN).
Yes its a tricky one, even on the M5 chart. You get these horrid 'wicky' looking red candles dipping into Demand Zone, then a sudden up thrust of decent bullish candles on higher volumes.

"They" want us to go long, when maybe we should be shorting?

This is where short term time frames have their uses I guess. Allow you to look inside the longer TF candles, and it ain't pretty at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: m5gbpjpym5.png Size: 41 KB
  • #31,414
  • Feb 25, 2014 8:34am Feb 25, 2014 8:34am
Quoting hostwey
{quote} Yes its a tricky one, even on the M5 chart. You get these horrid 'wicky' looking red candles dipping into Demand Zone, then a sudden up thrust of decent bullish candles on higher volumes. "They" want us to go long, when maybe we should be shorting? This is where short term time frames have their uses I guess. Allow you to look inside the longer TF candles, and it ain't pretty at the moment. {image}
Lol the problem is shorter term tfs are also choppy as fuaaark.

last night, at Tokyo I dropped in to check out for any setups - best I found was a 10 pip range from an hourly resistance and a daily support.... I checked it out this morning and saw a drop, waited on my small tf and went short. A candle whipsawed me out of my trade hitting my SL... It was ugly.

Thought EA would be a bit better, took a short there after break of an H4 trendline, went 10 pips then reversed, so took a loss there. I'm being whacked constantly, so I've decided I'd wait for a better market... Sadly all the "good" ones are currently flattening more and more into consolidation. I'm not sure how you guys are doing, and if you're doing well I have no idea how
  • #31,415
  • Feb 25, 2014 8:40am Feb 25, 2014 8:40am
Quoting WDays
{quote} Lol the problem is shorter term tfs are also choppy as fuaaark. last night, at Tokyo I dropped in to check out for any setups - best I found was a 10 pip range from an hourly resistance and a daily support.... I checked it out this morning and saw a drop, waited on my small tf and went short. A candle whipsawed me out of my trade hitting my SL... It was ugly. Thought EA would be a bit better, took a short there after break of an H4 trendline, went 10 pips then reversed, so took a loss there. I'm being whacked constantly, so I've decided...
I agree, I think the market is in an 'accumulation' phase on some of the major pairs, and as Big E would say it would be better to pass. Sooner or later they will be pumped and dumped and hopefully we'll be thrown a few scraps from the table.
  • #31,416
  • Feb 25, 2014 8:50am Feb 25, 2014 8:50am
I have tried to install the script SupDem.exe but it didn't work... Please help.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart AUDUSD H1 2014.02.25 AUDUSD Chart.png Size: 38 KB


Kind regards
  • #31,417
  • Feb 25, 2014 8:55am Feb 25, 2014 8:55am
Quoting hostwey
{quote} I agree, I think the market is in an 'accumulation' phase on some of the major pairs, and as Big E would say it would be better to pass. Sooner or later they will be pumped and dumped and hopefully we'll be thrown a few scraps from the table.
Fingers crossed You can get in on a few trades, but targets are completely random to me right now... Sometimes trades go for 50+, sometimes they go for 20 and reverse (case in point, EA today)...
  • #31,418
  • Feb 25, 2014 8:55am Feb 25, 2014 8:55am
Quoting MrAussieFX
I have tried to install the script SupDem.exe but it didn't work... Please help. {image} Kind regards
You've put it in scripts, think it should be in indicators.
  • #31,419
  • Feb 25, 2014 9:04am Feb 25, 2014 9:04am
Quoting WDays
{quote} Fingers crossed You can get in on a few trades, but targets are completely random to me right now... Sometimes trades go for 50+, sometimes they go for 20 and reverse (case in point, EA today)...
As we speak..!
Attached Image (click to enlarge)
Click to Enlarge Name: aaaaabbbbgbpjpym5.png Size: 36 KB
  • #31,420
  • Feb 25, 2014 9:06am Feb 25, 2014 9:06am
Quoting hostwey
{quote} As we speak..! {image}
Be careful because I've heard this supdem indi repaints hardcore. Never used it myself, but it's testimony from others
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