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Trading Made Simple

  • #31,461
  • Feb 26, 2014 6:21am Feb 26, 2014 6:21am
Quoting irishtoffy
{quote} Glad it is not only me! What pairs are you looking at for H4? I have EA, GY, UY, EY..and nothing going on but triangles!
I only Trade EU, GU, GJ, EJ, AU and AJ on the 4 hour
Give yourself a chance and trade it like it's layed out...
  • #31,462
  • Feb 26, 2014 6:23am Feb 26, 2014 6:23am
Quoting WDays
{quote} You're definitely doing the right thing, I took a few losses and breakevens because I was forcing a trade in a ranging market... Nothing I can't fix, but still enough to bring you down a bit, depress you.
Sitting on our hands I think is one the hardest things to learn!!

The way I look at it I only want to take trade I am 100% confidence in, If not then I will leave it!!
Give yourself a chance and trade it like it's layed out...
  • #31,463
  • Feb 26, 2014 6:26am Feb 26, 2014 6:26am
Quoting MrAussieFX
By the time market gets better I am gonna go through my notes. I believe Big Em won't mind If I share two indicators I found which seems to be very helpful while trading. 1. Pipsomter: shows you how many pips your current trade is making 2. Candlestick patterns: Which I am trying to figure out myself shows the candlestick patterns on your chart, see image below. {image} {image} Indicators: {file} {file} Regards
The only problem with having a lot of indicators on your chart is that they can give you a lot of reasons not to trade!

Keeping my tinder dry for hopefully a month end scramble.
  • #31,464
  • Feb 26, 2014 6:33am Feb 26, 2014 6:33am
Quoting hostwey
{quote} The only problem with having a lot of indicators on your chart is that they can give you a lot of reasons not to trade! Keeping my tinder dry for hopefully a month end scramble.
I completely agree with you hostwey and believe me this had happened to not long ago. I believe pipsometer is a keeper as you can close your terminal after entering into the trade and concentrate more on the charts, one window less on you MT4.
  • #31,465
  • Feb 26, 2014 6:57am Feb 26, 2014 6:57am
Quoting Bizzzle
{quote} I only Trade EU, GU, GJ, EJ, AU and AJ on the 4 hour
I guess we spoke too soon! About 20 minutes too soon!
  • #31,466
  • Feb 26, 2014 6:58am Feb 26, 2014 6:58am
Quoting MrAussieFX
. Candlestick patterns: Which I am trying to figure out myself shows the candlestick patterns on your chart, see image below. {image} {image} Indicators: {file} {file} Regards
Hi,

I think it was that indi I tried a while ago to help learn candlestick patterns, I found this one much easier to figure out and still use it as an alert.
I found it most useful when I'd turned off some of the options and set the lookback to about 5 candles, otherwise it looks like something pretty nasty has splashed all over the chart.

Andy.
Attached File(s)
File Type: ex4 Candle Identifier.ex4   43 KB | 571 downloads
Don't ask me, I have no idea what's going on.
  • #31,467
  • Feb 26, 2014 7:19am Feb 26, 2014 7:19am
Quoting irishtoffy
{quote} I guess we spoke too soon! About 20 minutes too soon!
Lol I am short GJ intraday!! Looks like it was worth waiting for
Give yourself a chance and trade it like it's layed out...
  • #31,468
  • Feb 26, 2014 7:55am Feb 26, 2014 7:55am
Quoting Bizzzle
{quote} Lol I am short GJ intraday!! Looks like it was worth waiting for
I only trade H4 swing, so no H1 trades for me.

Waiting to see how the CS close in 10 minutes.

GJ seems like bouncing off 170 RN Resistance, plus its 20 MA on D chart and still on previous range. So no trades on GJ for me..maybe tomorrow depends on how D candle closes today
  • #31,469
  • Feb 26, 2014 8:16am Feb 26, 2014 8:16am
Quoting Gizzledonk
{quote} Hi, I think it was that indi I tried a while ago to help learn candlestick patterns, I found this one much easier to figure out and still use it as an alert. I found it most useful when I'd turned off some of the options and set the lookback to about 5 candles, otherwise it looks like something pretty nasty has splashed all over the chart. Andy. {file}
In addition, Steve Nison says we have to understand candlestick patterns in a context. There are good Youtube videos:

Inserted Video

Inserted Video

Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #31,470
  • Feb 26, 2014 8:19am Feb 26, 2014 8:19am
Quick trade in late London session. No reason to stay longer as London will close soon and market will be choppy. +50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: quick50.png Size: 43 KB
  • #31,471
  • Edited 8:48am Feb 26, 2014 8:29am | Edited 8:48am
EA had two trading opportunities after LO, one up and one down. I took one down for quick trade. It may still go down...

EA 1H:
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-27_01-24-22.png Size: 48 KB

I very much enjoy weekly analysis from Protradenetwork and daily analysis from Sive Morten of Forex Peace Army. For beginners like me, you may want to try them to see if they can improve your strategies. You can find both from Youtube.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #31,472
  • Feb 26, 2014 8:49am Feb 26, 2014 8:49am
Quoting hoperich
Quick trade in late London session. No reason to stay longer as London will close soon and market will be choppy. +50 pips {image}
hey buddy, we were doing the same thing at the exact same time
I entered on M15, and took partial profit at PWL. and let the rest for +50
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-02-26_10-02-05ejH1.png Size: 68 KB
If you're going through hell, keep going. Winston Churchill
  • #31,473
  • Feb 26, 2014 9:06am Feb 26, 2014 9:06am
dang! Price just moved 2 hours after the news. Just when I wasn't watching!

Great catch Imi and hoperich!
Everything you can imagine, is real - Pablo Picasso
  • #31,474
  • Feb 26, 2014 9:26am Feb 26, 2014 9:26am
Hello all! Anybody noticed Trade Made Signals on EURUSD GOLD GBPUSD USDCHF 4hrs chart. Major bullish correction on USD correction on his way.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd-h4-alpari-uk-ltd.png Size: 36 KB
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  • #31,475
  • Feb 26, 2014 10:50am Feb 26, 2014 10:50am
Starting to create a trading plan, I am going to use the 2 hour chart, which is an option in MT5, I think it is high enough to not have noise but might get a few more signals, so will be checking 8am, 10am, 12pm, 2pm (UK time) This is most of the London session. It's not a popular timeframe but that's just because MT4 makes arbitrarily decided to use certain timeframes.

Are you guys just using the Heiken Ashi indictor that comes with Metatrader or the Average Price Bars from compassfx?
  • #31,476
  • Feb 26, 2014 11:13am Feb 26, 2014 11:13am
Quoting Bullet
Starting to create a trading plan, I am going to use the 2 hour chart, which is an option in MT5, I think it is high enough to not have noise but might get a few more signals, so will be checking 8am, 10am, 12pm, 2pm (UK time) This is most of the London session. It's not a popular timeframe but that's just because MT4 makes arbitrarily decided to use certain timeframes. Are you guys just using the Heiken Ashi indictor that comes with Metatrader or the Average Price Bars from compassfx?
my thoughts:

1. if anyone wants to look at charts once every two hours, you dont need a 2H chart, You can look at H1 chart every two hours and look for market entry. What is important is what you use to determine your market entry. Just think of the London session, it is 9 nine hours, why not look at the London session as one huge candle with its own Open, High, Low and Close levels. You see these levels in a H1 chart. So for those people who wants to trade once a day basis, you can follow this London candle and plan your trades around this London candle.

2. HeikenAshi HA or the Synergy Average Price Bar APB?
The only difference is the average close price, the APB calculaets and put more weight on the real price close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,477
  • Edited 11:55am Feb 26, 2014 11:37am | Edited 11:55am
Hi all traders.
I got this useful indicator from programmer ,Den Murakami.
Forex-Trailingbot.
It's a Trailing SL but for me it has still another important function.
Automatically each time ENTER it will to place SL and TP.
Subsequently I moved with dragging SL and TP to wherever I need.
The result - I do not need seting SL and TP at any trade.
He has a lot of useful indicators!
Just the way ...( For those who are planning to buy a robot at soon as possible try Samurai Robot free from Den Murakami. )
For the tested had the better results as the some paid robots.
Attached File(s)
File Type: ex4 Forex_Trailingbot.ex4   10 KB | 630 downloads
File Type: pdf forex_trailingbot_users_manual.pdf   939 KB | 1,774 downloads
  • #31,478
  • Feb 26, 2014 12:50pm Feb 26, 2014 12:50pm
[Quote = TheDDReport; 7297859] {quote}, pokud si propojit svůj účet na obchodní průzkumník budete mít všechna data automaticky synchronizovány na internetových stránkách. to vám řekne, jak dlouho byste měl obchod, kolik z té doby to byl ziskový, kolik pips jste skončili na stole, pokud ne výjezd na horní, atd. To také ukazuje obrázek žebříčku obchodu, které si vzal taky (to nebude šablona i když to bude jen základní svíčka tabulka značení vstup a výstup), jeho opravdu skvělé funkce a Id doporučujeme všichni používat, protože je to jako automatickou odborného časopisu thats neustále aktualizovány. Dokonce i ti, informujte svého vstupu vpravo dolů na druhou. Můžete také spustit obchodní deník v sekci obchodní deníku. Používám obojí a jen můj obchod průzkumník souvisí s mým časopisu. [/ Quot
==================================================================


Hi TheDDReport.
Thank you very much for your advice with trade explorer. Very good!!
I got it founded. It also helps with the discipline.
Viktor
  • #31,479
  • Edited 5:06pm Feb 26, 2014 4:34pm | Edited 5:06pm
Took AU short based on the news and continuation and break of yesterday low..

update:closed at 22pips good enough for a steak dinner
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 117 KB
Daniel
  • #31,480
  • Feb 26, 2014 6:32pm Feb 26, 2014 6:32pm
Quoting Imi
{quote} hey buddy, we were doing the same thing at the exact same time I entered on M15, and took partial profit at PWL. and let the rest for +50 {image}
Hi Imi, I guess we were pressing the keys at same time. By the way I took the earlier trade in your chart as well but exited earlier due to consolidation. Thank you for your continues support.

hoperich
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