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Trading Made Simple

  • #32,901
  • Mar 19, 2014 3:05am Mar 19, 2014 3:05am
Quoting Nocturnes
Does anybody have some suggestions on what the trend will be at 10h30 on the EUR/GBP? or GBP/USD?

which time frame do you trade?

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,902
  • Mar 19, 2014 3:06am Mar 19, 2014 3:06am
Long USDJPY at 101.58
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  • #32,903
  • Mar 19, 2014 3:06am Mar 19, 2014 3:06am
Quoting hugecat
AU short @ 9106.
For me its consolidating.... Can you see how the last three red 4 hour candles didn't go anywhere and hasn't crossed the 5 ema ??

This isn't a high probability trade!!

Best of luck
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Give yourself a chance and trade it like it's layed out...
  • #32,904
  • Mar 19, 2014 3:07am Mar 19, 2014 3:07am
Quoting Bizzzle
{quote} My next candle opens at 10am uk time so I still have two hour before my next candle!! I am long UJ from 6am
I just joined the party, 0800 candle.

Went in on EJ also.

Whats your final TP on UJ 10250?
  • #32,905
  • Mar 19, 2014 3:10am Mar 19, 2014 3:10am
Quoting Bizzzle
{quote} For me its consolidating.... Can you see how the last three red 4 hour candles didn't go anywhere and hasn't crossed the 5 ema ?? This isn't a high probability trade!! Best of luck {image}
Yeah, I'm hurting already
Those who know don't talk. Those who talk don't know.
  • #32,906
  • Mar 19, 2014 3:10am Mar 19, 2014 3:10am
Learn to recognise the Market Type:

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,907
  • Mar 19, 2014 3:12am Mar 19, 2014 3:12am
Quoting Bizzzle
{quote} For me its consolidating.... Can you see how the last three red 4 hour candles didn't go anywhere and hasn't crossed the 5 ema ?? This isn't a high probability trade!! Best of luck {image}

and that Wide Range Bar WRB was an early warning.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,908
  • Mar 19, 2014 3:15am Mar 19, 2014 3:15am
Quoting emmanuel7788
Learn to recognise the Market Type: https://www.youtube.com/watch?v=Mz3PygyMi5I
All these posts about market type..are you trying to warn us of something?!
  • #32,909
  • Mar 19, 2014 3:17am Mar 19, 2014 3:17am
Quoting emmanuel7788
{quote} I usually take a look at all the correlated pairs to see where the market strength is. Several GBP pairs have either WRB or MC which I will stay out unless I go down to lower TF to scalp myself into the market. {image}
Hi Sir.
Which system are you using for this multi charting?
Where can i find / download it?
This can help in analyzing all co related pairs easily ...
Thanks .........
  • #32,910
  • Mar 19, 2014 3:23am Mar 19, 2014 3:23am
Quoting emmanuel7788
Learn to recognise the Market Type: https://www.youtube.com/watch?v=Mz3PygyMi5I
good video, thanks
  • #32,911
  • Mar 19, 2014 3:36am Mar 19, 2014 3:36am
Quoting emmanuel7788
{quote} and that Wide Range Bar WRB was an early warning.
Emmanuel, is there an exit rule if the 4h candle changes color after the enter?
Thank you.
Those who know don't talk. Those who talk don't know.
  • #32,912
  • Mar 19, 2014 3:48am Mar 19, 2014 3:48am
EG has been good to me

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  • #32,913
  • Mar 19, 2014 4:00am Mar 19, 2014 4:00am
Quoting hugecat
{quote} Emmanuel, is there an exit rule if the 4h candle changes color after the enter? Thank you.
Hugecat, you wrote my thoughts. Emm please let us know, as well as the other senior members


I'm awaiting the GBP news in 30 minutes, before "entering" GJ and EG.
I've one long position open on UJ at 101.552.

Wes.
  • #32,914
  • Mar 19, 2014 4:13am Mar 19, 2014 4:13am
UJ going very nicely
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  • #32,915
  • Mar 19, 2014 4:23am Mar 19, 2014 4:23am
Quoting GilR
UJ going very nicely {image}
Gilr, are you gonna close it before news or keep it running?
Those who know don't talk. Those who talk don't know.
  • #32,916
  • Mar 19, 2014 4:31am Mar 19, 2014 4:31am
In case anyone is looking for it, the post that emmanuel7788 is referring to when he says 10 things to look for is http://www.forexfactory.com/showthre...gs#post6768958
War. Is my profession.
  • #32,917
  • Mar 19, 2014 4:32am Mar 19, 2014 4:32am
Quoting hugecat
{quote} Gilr, are you gonna close it before news or keep it running?
no--- what news?
  • #32,918
  • Mar 19, 2014 4:36am Mar 19, 2014 4:36am
Quoting GilR
{quote} no--- what news?
Lol, too late. Seems fine for now.
Those who know don't talk. Those who talk don't know.
  • #32,919
  • Mar 19, 2014 5:10am Mar 19, 2014 5:10am
Quoting Bizzzle
{quote} Hi mate, I am going to add UC, EG, EA, EN and GN! will take a look at crude oil thanks for the info
EA, EN and GN are better than other too.
Best of luck
I am not random, U just can't think as fast as me....
  • #32,920
  • Mar 19, 2014 5:46am Mar 19, 2014 5:46am
Quoting emmanuel7788
{quote} Hi gsbharaj, Thanks. Please see my explanation on the chart below. Eelfranz did say that when we wait for candle to close, that is conservative and he is an aggressive trader not waiting for the candle to close. Entry on APB candle#1 and #2 is still important. As we learn to become independent traders, we need to ask ourselves whether we want to be aggressive traders or be conservative traders when it comes to trade setups and entries. There will be times when we can be aggressive and other times we should be conservative. That is a discretionary...
thank you. thats a very insightful information. you have explained the concept flawlessly........



guys i think the consolidation is due to the fomc statement today...
BTW i made 53 pips on gbp/jpy...
Come tomorrow, I'll wake up new
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