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Trading Made Simple

  • #34,941
  • Apr 7, 2014 7:31am Apr 7, 2014 7:31am
Quoting hostwey
{quote} I realise that, I should have added a smiley or two in there.
.... laughing all the way to the bank
  • #34,942
  • Apr 7, 2014 7:31am Apr 7, 2014 7:31am
Quoting as33156
{quote} Hi Emmanuel, Unfortunately I have dyslexia so if it's not shown on a chart what you are talking about it's sounds like your speaking Chinese. Thats why I asked members a few times could someone give me a definitive chart guide for proper bouncing trading. However it fell on deaf ears.
Use this indicator if it helps. It's the tradesessions indi from fxcm
Attached Image (click to enlarge)
Click to Enlarge Name: pic42.png Size: 75 KB
the cautious seldom err....C
  • #34,943
  • Apr 7, 2014 7:41am Apr 7, 2014 7:41am
EURJPY H1 counter trend

Currently get stucked below the daily pivot point, double top after NY open, S/R from 3/30/2014 and TDI turning outside the VBs.
=> I exited with +33 pips.

I don't know it, but I wouln't wonder if we get another small downside move before price goes up.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-07 14.10 EURJPY H1 - profit.png Size: 144 KB
fxFox (all times in my charts are GMT+1)
  • #34,944
  • Apr 7, 2014 7:52am Apr 7, 2014 7:52am
Wow I go away from the thread and return to a lot of PM telling me to not pay attentions to some people with big Ego's.

Look I said, for one month I will trade the same as page 1 on the 4 hour chart, which I am doing and making great pips! On page one Big E doesn't mention anything about risk or MM... so why should I?

Everyone can trade this way and choose there own risk or MM.

I am a professional trader and trade for a living and have multiple account, I don't have to prove anything to anyone.

I said many times this is a trial to see the outcome, I know why Emmanuel is asking me these question because it goes against typical MM.

but I thought I would try and see the result and like most of you here I was very surprised!!

I really like this Pic:
Attached Image
Give yourself a chance and trade it like it's layed out...
  • #34,945
  • Apr 7, 2014 7:57am Apr 7, 2014 7:57am
Quoting hostwey
{quote} I thought 'looking at old charts' was what you mean't! Yes there was a nice entry for EU on H1 this morning (signal at 6am, entry 7am UK time). Sadly I was a lazy boy this morning and not up early. {image}
yeah, I love my bed so much so I am not able to trade 6am candle and I don't even trade LO. I will be on time for 10am candle and do not close trades by 2pm as Bizzle does.I believe thread owner trade for several hours from NY open on the hourly chart
the cautious seldom err....C
  • #34,946
  • Apr 7, 2014 8:04am Apr 7, 2014 8:04am
Quoting Bizzzle
Wow I go away from the thread and return to a lot of PM telling me to not pay attentions to some people with big Ego's. Look I said, for one month I will trade the same as page 1 on the 4 hour chart, which I am doing and making great pips! On page one Big E doesn't mention anything about risk or MM... so why should I? Everyone can trade this way and choose there own risk or MM. I am a professional trader and trade for a living and have multiple account, I don't have to prove anything to anyone. I said many times this is a trial to see the outcome,...
Bizzle, nothing to do with trading but just wondered where you are in the uk,
Shane.
  • #34,947
  • Apr 7, 2014 8:09am Apr 7, 2014 8:09am
Week 4 day 1 of trading the 4 hour as Big E did from page one!

6am: No trades

10am:

UC- +7pips

EC- +23

Total = +30 pips checking my computer three times a day

Cu all tomorrow...

Best of luck
Attached Image (click to enlarge)
Click to Enlarge Name: 07.04.png Size: 46 KB
Give yourself a chance and trade it like it's layed out...
  • #34,948
  • Apr 7, 2014 8:15am Apr 7, 2014 8:15am
Quoting as33156
I shorted AU {image}
Dear as33156, what is your broker's gmt time? I use GMT+0. Your chart is not look like me but i'm shorting AU like yours. Can you consider my chart, please?

The reason i took this trade is shown in this picture. Triple top, Bearish divergence, Bearish engulfing bar pattern.

http://i1248.photobucket.com/albums/...ps509be457.png

Quoting emmanuel7788
{quote} Divergence is good but wait for the PA reversal to confirm.
Does PA in my chart above qualify your decision? Thanks Big Emm for considering. I will listen carefully any your comments.
  • #34,949
  • Apr 7, 2014 8:15am Apr 7, 2014 8:15am
Quoting pips29
{quote} Use this indicator if it helps. It's the tradesessions indi from fxcm {image}
Thanks pips29,


Sadly I don't use fxcm so I need one that works for every mt4 broker.
MAY THE PIPS BE WITH YOU!
  • #34,950
  • Apr 7, 2014 8:15am Apr 7, 2014 8:15am
Quoting emmanuel7788
EUR pairs week 15: Looking at the Weekly charts of all the EUR pairs, we may see a weaker EUR next week. I will look for sell setups and also to sell any intra-week rallies. Remember to do your Big Picture Planning and know where those Historical Support and Resistance price swing levels are. Market usually move pass these swing levels in larger candles. Trade Well. {image}
Dear Emmanuel,

Thank you very much for your weekly update. When I see weekly chart from left to right,I feel following about trend.
EURUSD - buying bias
EURCAD- buying bias
EURAUD- selling bias

Should we see only last couple of candles to decide about our trend bias or we should look at more no of candles. Please give your views on the same.

Thanks
Manoj
  • #34,951
  • Apr 7, 2014 8:17am Apr 7, 2014 8:17am
Quoting khanhtrinhmd
{quote} Dear as33156, what is your broker's gmt time? I use GMT+0. Your chart is not look like me but i'm shorting AU like yours. Can you consider my chart, please? The reason i took this trade is shown in this picture. Triple top, Bearish divergence, Bearish engulfing bar pattern. {image} {quote} Does PA in my chart above qualify your decision? Thanks Big Emm for considering. I will listen carefully any your comments.

My broker is Eastern Time Zone which I think is -5 GMT
MAY THE PIPS BE WITH YOU!
  • #34,952
  • Apr 7, 2014 8:22am Apr 7, 2014 8:22am
Quoting itsallover
{quote} Here's two bounce trades. I find looking at the closes, once the TDI has crossed as one way to find the bounces . {image}

Thanks itsallover,


So bounce trades to you always involve the red TDI crossing above or below the Yellow TDI baseline. Correct?
MAY THE PIPS BE WITH YOU!
  • #34,953
  • Apr 7, 2014 8:27am Apr 7, 2014 8:27am
Quoting as33156
{quote} Thanks itsallover, So bounce trades to you always involve the red TDI crossing above or below the Yellow TDI baseline. Correct?
Yeah I find that longs above the MBL are a much safer bet than longs below the MBL. Its all a matter of preference though..... I'll post a bounce trade as soon as I take one.
You see the highlighted chart with the bounce? The candles in the highlight represent the consolidation that Emmanuel was talking about.
.... laughing all the way to the bank
  • #34,954
  • Apr 7, 2014 8:46am Apr 7, 2014 8:46am
Quoting emmanuel7788
Here is NZDUSD H1 chart for study: {image}
Thanks for the explanation emmanuel,

I notice a difference between your 5TOK and mines. Yours starts and hour before mines with means we have different ranges. Do you know how I can moves mines back an hour? I tired putting -1 but it didn't go back an hour. However if I put 1 it goes forward an additional hour. Seems weird that the indicator wont allow me to start an hour earlier so I can be on the correct asian open time. Actually it's way more then 1hr off.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh1.png Size: 57 KB
MAY THE PIPS BE WITH YOU!
  • #34,955
  • Apr 7, 2014 8:49am Apr 7, 2014 8:49am
Planning to buy EJ on next bar candle on bounce trade, entry above the break of this red bar candle with bounce of TDI, the bounce angle is mandatory in taking the trade, since a weak bounce could take the trade no where

And if I don't get this PA signal, no trade
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_H1_Bounce.jpg Size: 348 KB
I Have Learned to Take Some Losses to Make Profits
  • #34,956
  • Apr 7, 2014 8:57am Apr 7, 2014 8:57am
Quoting TheScorpS
Planning to buy EJ on next bar candle on bounce trade, entry above the break of this red bar candle with bounce of TDI, the bounce angle is mandatory in taking the trade, since a weak bounce could take the trade no where And if I don't get this PA signal, no trade {image}
I am looking to trade it off the 15mtf
the cautious seldom err....C
  • #34,957
  • Apr 7, 2014 9:03am Apr 7, 2014 9:03am
Quoting as33156
{quote} Thanks itsallover, So bounce trades to you always involve the red TDI crossing above or below the Yellow TDI baseline. Correct?
This would be my idea of a bounce trade AS. Also green over red, over yellow (with the yellow pointing up) making it a higher probability trade (hopefully!). Also TDI is moving above the 50 line (pink).
Attached Image
  • #34,958
  • Apr 7, 2014 9:09am Apr 7, 2014 9:09am
Quoting hostwey
{quote} This would be my idea of a bounce trade AS. Also green over red, over yellow (with the yellow pointing up) making it a higher probability trade (hopefully!). Also TDI is moving above the 50 line (pink). {image}

... very nice

I like the way you use the SR indie hostwey ..... I've always dismissed the SR indie because I couldn't cope with the new SR boxes being drawn so frequently.
.... laughing all the way to the bank
  • #34,959
  • Apr 7, 2014 9:12am Apr 7, 2014 9:12am
EUR USD TP hit 1 R
GBP USD TP hit 1R

enough for today ... gain 6% ..

dare not to let the profit run, since distance to stop loss relative small ..

regards
Yos
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 45 KB
Click to Enlarge Name: gbpusdh4.png Size: 50 KB
  • #34,960
  • Apr 7, 2014 9:16am Apr 7, 2014 9:16am
out of E/C, G/C and U/Cad with green pips. N/u in red at the moment. Got 2 other trades going as well, one taken much earlier
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic 1.png Size: 60 KB
Click to Enlarge Name: eurjpym15.png Size: 55 KB
the cautious seldom err....C
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