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Trading Made Simple

  • #33,781
  • Mar 25, 2014 6:54am Mar 25, 2014 6:54am
Quoting Bizzzle
{quote} He also said : {image}

yes, he also said: '' catch the momentum..."
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,782
  • Mar 25, 2014 6:56am Mar 25, 2014 6:56am
As there are quite a few new traders here I thought I would take the time to post about the jpy crosses, before I take a trade on gj, ej, aj etc I look to see if the corresponding currencies are trading in the right direction which they need to be for the trade to make a decent move.

Example: Multiply the price of EU by the price of UJ and you will get the price of EJ. Likewise for AJ (AU x UJ) and GJ (GU x UJ) etc etc.

As they work like that its very simple to realise that for a decent move to be made, both the main currencies either have to be going in the same direction, so EU going up, UJ going up means its a mathematical fact that EJ has to go up. If EU is going up and UJ standing still, EJ will still go up but not as far obviously. But if EU is going up and UJ down, EJ will be going nowhere (ranging). A quick glance at the apb's will give you that information, so its worth taking a look first.

Hope that helps someone to keep out of at least a few ranging trades and maybe waiting before taking the signal.
  • #33,783
  • Mar 25, 2014 6:58am Mar 25, 2014 6:58am
Quoting Zoopots
Trading the H4 chart requires some patience...that was a hard lesson for me to learn six years ago. But I read a lot of contributors to this thread discuss lower time frame exits/entries which may work for them. ......................
Zoopots thanks so much for a very clear example of simple trading, i have that post attached as a pdf(updated is 1.3mb) for easy reading.
cheers
Attached File(s)
File Type: pdf Trading Made Simple Zoopots Example.pdf   1.3 MB | 1,056 downloads
  • #33,784
  • Mar 25, 2014 7:00am Mar 25, 2014 7:00am
Quoting lastingwell
As there are quite a few new traders here I thought I would take the time to post about the jpy crosses, before I take a trade on gj, ej, aj etc I look to see if the corresponding currencies are trading in the right direction which they need to be for the trade to make a decent move. Example: Multiply the price of EU by the price of UJ and you will get the price of EJ. Likewise for AJ (AU x UJ) and GJ (GU x UJ) etc etc. As they work like that its very simple to realise that for a decent move to be made, both the main currencies either have to be...
Great work, as always
Give yourself a chance and trade it like it's layed out...
  • #33,785
  • Mar 25, 2014 7:06am Mar 25, 2014 7:06am
Quoting lastingwell
{quote} The EA trade you took was according to your rules, my chart (which is the same candles as yours) the entry was on the second candle and tdi had already crossed. What happened to your psychology? You set your stop loss, you set your take profit and you see what happens, the tdi hasn't given an opposing signal so play it out.
No it wasn't because there was no tdi cross until the 2nd candle appeared. Meaning I would have had to wait till the 2nd candle ended to get in the trade. However I don't trade the 3rd candle. So the only really trade that met that rule was GJ on sunday. Which confirm on the 1st bar so I should have got in on the 2nd bar.

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MAY THE PIPS BE WITH YOU!
  • #33,786
  • Mar 25, 2014 7:09am Mar 25, 2014 7:09am
anybody shorting EU here...
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All for one and one for all
  • #33,787
  • Mar 25, 2014 7:11am Mar 25, 2014 7:11am
Quoting as33156
{quote} No it wasn't because there was no tdi cross until the 2nd candle appeared. Meaning I would have had to wait till the 2nd candle ended to get in the trade. However I don't trade the 3rd candle. So the only really trade that met that rule was GJ on sunday. Which confirm on the 1st bar so I should have got in on the 2nd bar. {image} {image}
Ok, you must have had a slightly different feed to mine, I use the tms osc histo indictor to see where a bar closes with a cross intact and mine was on the first bar, so different feeds, not that I would have taken it anyway as its such a strong downtrend and AU was still going up.
  • #33,788
  • Mar 25, 2014 7:14am Mar 25, 2014 7:14am
Quoting Bizzzle
{quote} Great work, as always
Thanks Bizzle, of course thats not to say that a currency won't till turn around on us but it gives us more of a chance for a trade to move.
  • #33,789
  • Mar 25, 2014 7:22am Mar 25, 2014 7:22am
[quote=Zoopots;7361481]

Thanks for the post , I compiled it in PDF , hope you dont mind and may somone find it helpful

If you guys want to see it live what Zoopots says, use M1 , just to see it yourself in a fast lane, how TDI and PA goes from 32 to 68 and cycles specially when divergences come into play

I learn about it this way, now I can look it up on HTF
Attached File(s)
File Type: pdf 68 and 32 Cycles with TDI.pdf   234 KB | 1,459 downloads
I Have Learned to Take Some Losses to Make Profits
  • #33,790
  • Mar 25, 2014 7:27am Mar 25, 2014 7:27am
Quoting GilR
Closed bar {image}
GilR,

please help in having the summary signal of this strategy indicator as per the picture
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  • #33,791
  • Mar 25, 2014 7:27am Mar 25, 2014 7:27am
Quoting as33156
{quote} No it wasn't because there was no tdi cross until the 2nd candle appeared. Meaning I would have had to wait till the 2nd candle ended to get in the trade. However I don't trade the 3rd candle. So the only really trade that met that rule was GJ on sunday. Which confirm on the 1st bar so I should have got in on the 2nd bar. {image} {image}

GJ is travelling nicely as is UJ

I switched to 1 hr charts and channels
  • #33,792
  • Mar 25, 2014 7:29am Mar 25, 2014 7:29am
Quoting lastingwell
As there are quite a few new traders here I thought I would take the time to post about the jpy crosses, before I take a trade on gj, ej, aj etc I look to see if the corresponding currencies are trading in the right direction which they need to be for the trade to make a decent move. Example: Multiply the price of EU by the price of UJ and you will get the price of EJ. Likewise for AJ (AU x UJ) and GJ (GU x UJ) etc etc. As they work like that its very simple to realise that for a decent move to be made, both the main currencies either have to be...

Outstanding post Lastingwell!
MAY THE PIPS BE WITH YOU!
  • #33,793
  • Mar 25, 2014 7:30am Mar 25, 2014 7:30am
Quoting GilR
{quote} GJ is travelling nicely as is UJ I switched to 1 hr charts and channels
Closed out for 30p
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And UJ is now BE
  • #33,794
  • Mar 25, 2014 7:31am Mar 25, 2014 7:31am
Quoting GilR
{quote} GJ is travelling nicely as is UJ I switched to 1 hr charts and channels
Didn't Big E go to 1hr charts if he decided to trade NYC session?
MAY THE PIPS BE WITH YOU!
  • #33,795
  • Mar 25, 2014 7:31am Mar 25, 2014 7:31am
Hi Guys,
could you kindly point me to the post that provides the settings for the Price Action Channel?

thanks
  • #33,796
  • Mar 25, 2014 7:34am Mar 25, 2014 7:34am
Quoting OuterWest
Hi Guys, could you kindly point me to the post that provides the settings for the Price Action Channel? thanks
Here you go:
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Give yourself a chance and trade it like it's layed out...
  • #33,797
  • Mar 25, 2014 7:36am Mar 25, 2014 7:36am
Quoting as33156
{quote} Here you go! {file}
Any instructions for that indicator? I can't understand why on some time frames 'TRADE' is green and on other its 'RED' I assume its advising against trading when the ADR has been exceeded but it doesn't seem to make sense.
  • #33,798
  • Mar 25, 2014 7:40am Mar 25, 2014 7:40am
Quoting as33156
{quote} Didn't Big E go to 1hr charts if he decided to trade NYC session?

I dont know --- But look at the channel - almost to the pip
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  • #33,799
  • Mar 25, 2014 7:41am Mar 25, 2014 7:41am
The only pair that gave a entry on a 1hr chart on my broker the way I trade was GN. Of course I wasn't looking at the 1hr charts so I didn't get in lol.

1st bar white with TDI cross. Entry at 2nd bar and now it's doing rather well for the scalp.

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MAY THE PIPS BE WITH YOU!
  • #33,800
  • Mar 25, 2014 7:45am Mar 25, 2014 7:45am
Quoting as33156
The only pair that gave a entry on a 1hr chart on my broker the way I trade was GN. Of course I wasn't looking at the 1hr charts so I didn't get in lol. 1st bar white with TDI cross. Entry at 2nd bar and now it's doing rather well for the scalp. {image}
What was wrong with the UC about 45 mins ago on 1hr on your gmt charts?
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