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Trading Made Simple

  • #37,981
  • Jun 2, 2014 3:12pm Jun 2, 2014 3:12pm
Quoting emmanuel7788
EURCAD Week23 and June trading: This pair and GBPCAD both looks very interesting with their Monthly candle close. Their wide weekly average trading range makes it a candidate for 4H swing trading. Let's see how we can grab 100pips off this pair next week. Both counter-trend and following the bearish MN candle close are possible. {image}
Here is a quick update on EURCAD on H4.
Price made a bullish move up as we see on D chart. That would be the setup candle if this close bullish. But the way up will be a challenge as several resistance levels above. Market can go wide raneg sideways his week, but still good for 4H swing trading.
With the H4 Wide Range Bar WRB, I was hesitant to take any but trade although I saw a H1 setup today.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week23 H4 chart BPP update 2Jun.png Size: 80 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,982
  • Jun 2, 2014 3:17pm Jun 2, 2014 3:17pm
Where is EURCAD using that market trend wave picture?
Still too early to say if there is a bearish reversal after the 2013 trending months. Market can consolidate if there is fundamental support and price wont fall so soon.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD mincharts.png Size: 273 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,983
  • Jun 2, 2014 3:42pm Jun 2, 2014 3:42pm
Quoting stevepatt
I've been in this EUR/USD D1 trade since 20th May. This isn't trading TMS as page one, I'm not getting out when the Average Price Bars turn bullish but there's a good reason for that the market is testing the previous Demand/Swing level after making a new lower low. I couldn't make this work if I was jumping in and out of the market every time the APBs went against me. As long as I can see a good chance of a trend continuing then I will stay in a trade until I think otherwise. All I'm looking for is the market to be below/above the PAC and the PAC...
Tough one as market goes sideways and D chart shows TDI in the over-sold region but price can still move lower.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week23 MN S&R.png Size: 43 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week23 D chart view 2Jun.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,984
  • Jun 2, 2014 4:13pm Jun 2, 2014 4:13pm
NZDUSD Week23 H4 trade 2Jun:

A trade taken following the MN and W1. Decided to sclae-out +20pips and BE remaining Pos.
Shall see if price makes lower to 0.8400.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week23 H4 trade 2Jun.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,985
  • Jun 2, 2014 7:22pm Jun 2, 2014 7:22pm
TMS 5-Method Setup candle:

EURCAD D chart below is GMT0 sevrer time.
You should see the same with GMT+1 and GMT+2 server time brokers.
This is counter trend to the Monthly and Weekly.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week23 D chart Setup candle.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,986
  • Jun 2, 2014 7:37pm Jun 2, 2014 7:37pm
Quoting emmanuel7788
AUDJPY Week23 H4 trade 2Jun. A classic TMS 5-Method setup with Divergence seen. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week23 H4 trade 2Jun.png Size: 31 KB


AUDJPY losing trade -13pips.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week23 H4 trade 2Jun closed.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,987
  • Jun 2, 2014 7:46pm Jun 2, 2014 7:46pm
Quoting xetrader
hello all, is there any wins from this system? i have opened 2 positions according to rules but its look like price is gonna hunt SL.. SL chase game surely.. see picture and please comment was it a wrong setup? both are wrong trades? {image}
If we believe in stop hunt, then this is an example.


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 2Jun stop hunt.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,988
  • Jun 2, 2014 10:01pm Jun 2, 2014 10:01pm
Quoting emmanuel7788
{quote} Hi tryding90, As promised here is my USDJPY trade example. regards, EMMANUEL {image}
You may recall this post on USDJPY on Position Building using D chart trading.

If you had traded with position buiding, how many pips have you secured so far?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,989
  • Jun 2, 2014 10:47pm Jun 2, 2014 10:47pm
GBPJPY is testing top of channel. I'll be watching for a signal to go short.

oops, forgot the chart.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #37,990
  • Jun 2, 2014 10:53pm Jun 2, 2014 10:53pm
Quoting Direwolf
GBPJPY is testing top of channel. I'll be watching for a signal to go short. oops, forgot the chart. {image}
Direwolf,

Which Chanel do you use to find the setup.
If you can pls share it..

Helanka
Helanka
  • #37,991
  • Jun 2, 2014 11:35pm Jun 2, 2014 11:35pm
GBPJPY Week23 3Jun D chart:

With yesterday's bullish rally, price pause at a resistance level. There is no reversal seen yet on D and H4, so I must wait.
On Low TimeFrame LTF H1 we can still look for buy when the D retracement is shallow.
Maybe a TOK_5H breakout is possible trade and also PA breaks Prev D High and target Fib-e 127% and RN 172.00

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week23 3Jun D chart.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,992
  • Jun 2, 2014 11:40pm Jun 2, 2014 11:40pm
Quoting Helanka
{quote} Direwolf, Which Chanel do you use to find the setup. If you can pls share it.. Helanka
I do a quick look in Daily and H4 time frame to see if there's any obvious channel and draw the line myself.
USDCAD and GBPJPY are the 2 I thought was obvious on H4.
Everything you can imagine, is real - Pablo Picasso
  • #37,993
  • Jun 3, 2014 1:57am Jun 3, 2014 1:57am
AUDCAD completes AB=CD. So many ABCD happening these past few days. Exciting time! Too bad I missed this one too
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #37,994
  • Jun 3, 2014 3:34am Jun 3, 2014 3:34am
GBPCAD Long, -15 pips.

Entered when price broke high of LO candle, went 20 pips my way and pull back down. Too much pull back so I exit manually.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #37,995
  • Jun 3, 2014 4:27am Jun 3, 2014 4:27am
Quoting emmanuel7788
{quote} Trade closed at BE+. No momentum. {image}
Opportunity to catch some pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 6-3-2014 4-19-22 PM.png Size: 43 KB
  • #37,996
  • Jun 3, 2014 6:09am Jun 3, 2014 6:09am
Quoting Pervis
{quote} Opportunity to catch some pips. {image}

Hi Pervis,
I see some very good trades on your chart.
Protection of capital is important in choppy market condition.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,997
  • Jun 3, 2014 6:20am Jun 3, 2014 6:20am
Quoting emmanuel7788
EURCAD Week23 and June trading: This pair and GBPCAD both looks very interesting with their Monthly candle close. Their wide weekly average trading range makes it a candidate for 4H swing trading. Let's see how we can grab 100pips off this pair next week. Both counter-trend and following the bearish MN candle close are possible. {image}

If you had bought EURCAD, you are in the money already.
How to manage for maximum run?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,998
  • Jun 3, 2014 6:33am Jun 3, 2014 6:33am
GBPCAD again, +10 pips
H4 TDI bounce. Close when Price couldn't break 1.83
Attached Image


EURAUD +20.
Entered when price bounced off lower trend line with TDI cross, exit when it reached higher trend line.
Attached Image


EURCAD +7
H1 TDI cross up, enter with 10 pip trailing SL
Attached Image


Closed trades -15 +10 +20 + 7 = +22

On going trades
AUDNZD -15
USDCHF +7
Everything you can imagine, is real - Pablo Picasso
  • #37,999
  • Jun 3, 2014 6:50am Jun 3, 2014 6:50am
Quoting emmanuel7788
{quote} If you had bought EURCAD, you are in the money already. How to manage for maximum run?

I Bought
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD.png Size: 51 KB
Sad i'm not trying to understand PA
  • #38,000
  • Jun 3, 2014 7:14am Jun 3, 2014 7:14am
Lost 52 pips on this pair yesterday. Re-entered on two ocassions. Also took a long E/U
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchfh1.png Size: 47 KB
Click to Enlarge Name: eurusdh1.png Size: 62 KB
the cautious seldom err....C
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