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Trading Made Simple

  • #32,461
  • Mar 17, 2014 1:02am Mar 17, 2014 1:02am
Quoting MrAussieFX
Short EA H4 @ 1.53601 {image} Any comments ? Any one else in this trade ? Regards
Consider taking some profit at 1.53000 area and moving stop loss to breakeven, because long term trend is up plus there is support at that area.
Overall as i am posting you are already 25 pips green.
I have not taken it myself, I am waiting for a bounce from that support level to go long with TDI signal.
I am not random, U just can't think as fast as me....
  • #32,462
  • Mar 17, 2014 1:03am Mar 17, 2014 1:03am
Quoting adikashyap
Long on UJ @ 101.55, After confirmation from TDI and Stocho and as Big E used to say "Use Your Brain" .... TP @ 102.50 {image}

you have 59mins to the close of that H4 candle and you took some risk with early entry.
it is still good. and as Big E used to say: "take some risk".

and good clean chart using TMS template.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,463
  • Mar 17, 2014 1:13am Mar 17, 2014 1:13am
I am in this A/J trade from 91.86, Stop loss at 91.15 and TP at 92.84
Reasons for entry are:
TDI showing good cross and indicating momentum just above 32 area
Previous candle creating Higher high and higher low.
support at 91.5 area

Attached Image (click to enlarge)
Click to Enlarge Name: aj.PNG Size: 41 KB
I am not random, U just can't think as fast as me....
  • #32,464
  • Mar 17, 2014 1:14am Mar 17, 2014 1:14am
Long on AU, albeit 1 candle later ... Expecting little less pips on this ....
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 39 KB
  • #32,465
  • Mar 17, 2014 1:21am Mar 17, 2014 1:21am
Quoting adikashyap
Long on AU, albeit 1 candle later ... Expecting little less pips on this .... {image}
I was also looking to enter this one but as i am already in A/J trade so thought of waiting for some pullback before entering but it is going strongly up.
I think i have missed the momentum on this one so not trying to chase it now.
I am not random, U just can't think as fast as me....
  • #32,466
  • Mar 17, 2014 1:22am Mar 17, 2014 1:22am
Can any senior answer this please ?????????
Even with TMS strategy, It might make more Pips Sense to trade any pair ONLY when atleast One market of the respective pair is open ...
This is what I do as my personal strategy .....
For example, though TDI might give a strong signal for EU when ONLY Sydney or Tokyo (or both) market is open, I do not take trade ....
When Tokyo (ONLY) is open, I trade only JPY pairs .... When Euro and / or London is open, Trade EU pairs and when New York opens, Trade ONLY USD pairs ....
Trade Gold also when US market is open, Never before it ........
Thanks in advance ...........
  • #32,467
  • Mar 17, 2014 1:27am Mar 17, 2014 1:27am
Quoting GilR
I took AU when gap filled {image}
Attached Image



You can keep that simple and use the TMS template. Trade setups and decision will be simpler.

Attached Image (click to enlarge)
Click to Enlarge Name: AU TMS example.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,468
  • Mar 17, 2014 2:04am Mar 17, 2014 2:04am
Quoting emmanuel7788
{quote} {image} You can keep that simple and use the TMS template. Trade setups and decision will be simpler. {image}

Thank you for advice
  • #32,469
  • Mar 17, 2014 2:17am Mar 17, 2014 2:17am
Quoting emmanuel7788
{quote} smilee89: we use the Synergy_APB in post#15. no parameter to change, just use the default values. APB= Average Price Bar same meaning as HeikenAshi (Japanese) regards, EMMANUEL
Thanks for answering me.
  • #32,470
  • Mar 17, 2014 2:22am Mar 17, 2014 2:22am
EJ in consolidation area. Strong support at 141.00 area. Entered long at 141.245. Is there anyone see the same picture with me ?
  • #32,471
  • Mar 17, 2014 2:31am Mar 17, 2014 2:31am
Quoting thinkpad123
I am in this A/J trade from 91.86, Stop loss at 91.15 and TP at 92.84 Reasons for entry are: TDI showing good cross and indicating momentum just above 32 area Previous candle creating Higher high and higher low. support at 91.5 area {image}
Nice set up tms wise just be careful counter trend price at the .38 fib from the previous short leg also coming up to the 200 MA.

All the best

Adam
  • #32,472
  • Mar 17, 2014 2:33am Mar 17, 2014 2:33am
Quoting alex8585
EJ in consolidation area. Strong support at 141.00 area. Entered long at 141.245. Is there anyone see the same picture with me ?
I chickened out, with +15 Pips but I think it's a good signal - TDI cross at 32.
Is anyone looking at EU? Might be a good enter in 30 minutes.
Those who know don't talk. Those who talk don't know.
  • #32,473
  • Mar 17, 2014 2:41am Mar 17, 2014 2:41am
Quoting alex8585
EJ in consolidation area. Strong support at 141.00 area. Entered long at 141.245. Is there anyone see the same picture with me ?

Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 12 H4 view pre-LO 17 Mar.png Size: 58 KB


EJ is in consolidation with that Wide Range Bar WRB and now we see that as a Master Candle.
In many situations, we do not take any trade when there is a WRB and we wait patiently.
In we do take a trade when the PA is still within the high -low of the WRB, we can do so in lower TF like H1 and M15. But then there must be good technical reasons to trade Lower TF. Price Action at Support and Resistance PASR is a criteria to trade lower TF.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,474
  • Mar 17, 2014 2:50am Mar 17, 2014 2:50am
Quoting emmanuel7788
{quote} {image} EJ is in consolidation with that Wide Range Bar WRB and now we see that as a Master Candle. In many situations, we do not take any trade when there is a WRB and we wait patiently. In we do take a trade when the PA is still within the high -low of the WRB, we can do so in lower TF like H1 and M15. But then there must be good technical reasons to trade Lower TF. Price Action at Support and Resistance PASR is a criteria to trade lower TF.
Thank you, Emmanuel. I wasn't paying attention to WRB. Good thing I exited the trade with profit.
What do you think about EU? Seems a valid short on H4.
Those who know don't talk. Those who talk don't know.
  • #32,475
  • Mar 17, 2014 2:51am Mar 17, 2014 2:51am
JPY pairs:

Look at all JPY pairs on H4.
Only AUDJPY and CADJPY are running better.
The others pairs have WRBs and there is consolidation fears.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,476
  • Mar 17, 2014 2:55am Mar 17, 2014 2:55am
So far so good on EA H4.

Attached Image (click to enlarge)
Click to Enlarge Name: EA H4 simple.png Size: 187 KB


Regards
  • #32,477
  • Mar 17, 2014 3:02am Mar 17, 2014 3:02am
Now we look at the Euro Cross pairs when LO .
Pick one?
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Crosses.png Size: 122 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,478
  • Mar 17, 2014 3:04am Mar 17, 2014 3:04am
Thx for the tip. You are right .
  • #32,479
  • Mar 17, 2014 3:04am Mar 17, 2014 3:04am
Quoting emmanuel7788
Now we look at the Euro Cross pairs when LO . Pick one? {image}
Thank you for this. I'm shorting EU. First TP on 1.3850.
Those who know don't talk. Those who talk don't know.
  • #32,480
  • Mar 17, 2014 3:07am Mar 17, 2014 3:07am
GBP Cross pairs:

Quite mixed and not that pretty.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP Crosses.png Size: 118 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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