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Trading Made Simple

  • #38,501
  • Jun 19, 2014 12:53am Jun 19, 2014 12:53am
Quoting Direwolf
Been tryingto draw the bat myself, still can't remember all the ratios. ab=cd is the best I can do right now AUDUSD h4. -8 (daily) and +56. So lucky the spike didn't stop me out. {image}
If you go to ;
'Ratios and Harmonics ' by Mr Pip , you will be able to print off the patterns ,with full explanations -- for free.
Well done on the A/U trade
  • #38,502
  • Jun 19, 2014 1:03am Jun 19, 2014 1:03am
Quoting dforant1
{quote} I'm beginning to understand why all the losers in Forex!!
Can you please explain , I'm not sure if you approve of harmonics or not ?
  • #38,503
  • Jun 19, 2014 1:21am Jun 19, 2014 1:21am
Quoting pastecopy
Anyone took this trade? GBPCHF (1H) short and TMS fulfilled but a failed trade . Feedback appreciate. After this reversal, I had no more confidence to short when everyone shorted right after the next 1H bearish candle (blue arrow) on other GBP equivalent pair. {image}

Sometimes news just messes everything up as others have stated. However, in this particular instance I believe something else might also have helped you avoid this trade. The TMS method uses HA candles for very good reason but, they sometimes distort what is really happening and this is one of those cases. To make sure I get a more accurate picture of PA I use regular candles under the HA candles. In the attached screen shot you can see that you entered a short trade on a very bullish candle (37 pips). I hope the TMS purists will forgive me for interjecting something that helps one to better see PA.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfmh1.png Size: 58 KB
  • #38,504
  • Jun 19, 2014 2:32am Jun 19, 2014 2:32am
Quoting dforant1
{quote} Show charts
Since I'm unable to take a screenshot on my computer, I'm using Windows 7, I have attached a picture of a trade I took this morning using TMS rules. I short NJ, based on the TDI signal and Stoc confirmation.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: nj.png Size: 122 KB
  • #38,505
  • Jun 19, 2014 2:34am Jun 19, 2014 2:34am
Quoting jmn5611
{quote} We definitely need some charts so we can see what signals you are taking.
Hi,

My apologies for not providing a chart early. Here is one, NJ short based on TDI crossing and stoc confirmation. I'd appreciate any assistance you can give me.

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: nj.png Size: 122 KB
  • #38,506
  • Jun 19, 2014 2:38am Jun 19, 2014 2:38am
I
Quoting ElectroNitro
{quote} Since I'm unable to take a screenshot on my computer, I'm using Windows 7, I have attached a picture of a trade I took this morning using TMS rules. I short NJ, based on the TDI signal and Stoc confirmation. Thanks {image}
I have windows 7 , I use PicPick.
  • #38,507
  • Jun 19, 2014 2:46am Jun 19, 2014 2:46am
Quoting robuk
I{quote} I have windows 7 , I use PicPick.
Seems like I've found a way around it but thanks for the suggestion all the same.

Regards.
  • #38,508
  • Jun 19, 2014 3:02am Jun 19, 2014 3:02am
Quoting robuk
Just thought I'd post this harmonics pattern as it may help some people . if you can learn these patterns (which isn't difficult ) they can often give you a 'heads up ' to what may happen in the near future , and they often tie in with the TDI They don't all work out , but that's true of most things in Forex.. I'm not an expert by any means , but think this can be worth studying [attach]1450806 {image}
Where do you start learning such patterns?


Thank you.
  • #38,509
  • Jun 19, 2014 3:06am Jun 19, 2014 3:06am
Quoting pastecopy
{quote} Hi omonisha, Nice trade. For the 2nd trade of GA, could you please let us know why long the trade that made 50pips because the 4H candle is down ?
Hi pastecopy
...Daily was up..price pulled back..Couldn't go pass the s/r area..stays above 5sma and 200ema..not a strong pullback
It actualy went up to 100pips i posted later as update..Damn..re-entered..re-entered..untill it pulled back from weekly s/r area..

  1. Post 38,423

I find no reason for price to change it's trend at that moment...
Often time news plays this way....Hunts the StopLoss..Then continue to its way..
​FPB [ Fake Pull Back ]...expected a cross on the next candle....Traded aggressively..was ready for loss too..

green pips to you

Regards
Omonisha

Sad i'm not trying to understand PA
  • #38,510
  • Jun 19, 2014 3:09am Jun 19, 2014 3:09am
EURNZD
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD6-19-2014.png Size: 66 KB
Sad i'm not trying to understand PA
  • #38,511
  • Jun 19, 2014 3:11am Jun 19, 2014 3:11am
Quoting ElectroNitro
{quote} Where do you start learning such patterns? Thank you.
See post 38510
  • #38,512
  • Jun 19, 2014 3:14am Jun 19, 2014 3:14am
Quoting ElectroNitro
{quote} Hi, My apologies for not providing a chart early. Here is one, NJ short based on TDI crossing and stoc confirmation. I'd appreciate any assistance you can give me. Thank you. {image}
The signal and it's positioning are both good. The candle is a bit small, but I would have taken this one.
If you are good at something, never do it for free--Joker
  • #38,513
  • Jun 19, 2014 3:31am Jun 19, 2014 3:31am
Quoting jmn5611
{quote} The signal and it's positioning are both good. The candle is a bit small, but I would have taken this one.

Thanks for your feedback. That said, the trade is not yet profitable and it is likely to reverse when the next 4-hr candle appears, about 30 minutes from now. Therefore, given the prevailing trade, uptrend, would it have been wise to take the trade in the opposite direction despite the clear short signal?
  • #38,514
  • Jun 19, 2014 3:47am Jun 19, 2014 3:47am
Quoting robuk
{quote} See post 38510
Thanks. Do you use software to identify and draw the patterns or how do you draw the patterns?
  • #38,515
  • Jun 19, 2014 3:54am Jun 19, 2014 3:54am
Quoting ElectroNitro
{quote} Thanks. Do you use software to identify and draw the patterns or how do you draw the patterns?
Mr Pip says to draw manually , don't take long once you get used to it , after a while he says you will just spot them with the naked eye .
I'm not at that stage yet , but getting closer . Hope that helps . Just have a look at the first few pages , to start with.
  • #38,516
  • Jun 19, 2014 3:57am Jun 19, 2014 3:57am
Quoting robuk
{quote} Can you please explain , I'm not sure if you approve of harmonics or not ?
possibly a wind up merchant ,,,,,
.... laughing all the way to the bank
  • #38,517
  • Jun 19, 2014 4:06am Jun 19, 2014 4:06am
Took 2 longs at the turn of the hour. G/Y (H1) and E/Y. (H4)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 63 KB
Click to Enlarge Name: gbpjpyh1.png Size: 50 KB
the cautious seldom err....C
  • #38,518
  • Edited 4:41am Jun 19, 2014 4:09am | Edited 4:41am
Waiting for 1 position to be taken out. Manually took profit at this level
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 57 KB
the cautious seldom err....C
  • #38,519
  • Jun 19, 2014 4:15am Jun 19, 2014 4:15am
Would BigE have considered the current candle as the second candle ? , as there is a doji between the last two candles and theprevious bull candle[attach]1451162
Attached Image (click to enlarge)
Click to Enlarge Name: ENH4.png Size: 61 KB
  • #38,520
  • Jun 19, 2014 4:52am Jun 19, 2014 4:52am
Quoting robuk
Would BigE have considered the current candle as the second candle ? , as there is a doji between the last two candles and theprevious bull candle[attach]1451162 {image}
I rather think this would be the 4th candle
the cautious seldom err....C
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