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Trading Made Simple

  • #38,701
  • Jun 24, 2014 3:49am Jun 24, 2014 3:49am
Quoting jmn5611
{quote} pips29. I do not recognize your charts as being TMS charts. Can you clarify what you are doing? This is what a chart from Eric would look like. {image} Your charts do not look like this. I was wondering why that is. Could you clarify? Thanks.
I don't use 5ema ( big E used it for trend and later disregarded it) . Candles are synergy candles (not HA) and TMS with MBL. I pair currency strength and would take trades accordingly. At the moment I see Cad as being very strong. Moreover, I don't usually trade the H4 charts as I don't seem to do well with this timeframe. May I ask how you trade as I have not seen anything from you?
the cautious seldom err....C
  • #38,702
  • Jun 24, 2014 3:59am Jun 24, 2014 3:59am
Taken one out for 20 pips leaving the other. E/u stopped out for 50. P/O sell not triggered and deleted now
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #38,703
  • Jun 24, 2014 4:10am Jun 24, 2014 4:10am
1453983[/attach]A big thank you to everyone been helping me
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  • #38,704
  • Jun 24, 2014 4:12am Jun 24, 2014 4:12am
EURAUD..EURNZD
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #38,705
  • Jun 24, 2014 5:13am Jun 24, 2014 5:13am
Quoting omonisha
EURAUD..EURNZD {image}
Hi omonisha,

Your entry point is great. Did you enter @ 15min TF?
  • #38,706
  • Jun 24, 2014 5:15am Jun 24, 2014 5:15am
Quoting omonisha
EURAUD..EURNZD {image}
Nobody is going to learn anything if you don't post charts when you take trades. I am getting tired with ppl showing winning trades only
the cautious seldom err....C
  • #38,707
  • Jun 24, 2014 5:21am Jun 24, 2014 5:21am
Quoting pastecopy
{quote} Hi omonisha, Your entry point is great. Did you enter @ 15min TF?
Nice..You are spot on
Sad i'm not trying to understand PA
  • #38,708
  • Jun 24, 2014 5:47am Jun 24, 2014 5:47am
A failed long trade again.

GJ; Jun 24, 14. I found out I always get caught by a fakey, how to reduce this incident? Feedback welcome.
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  • #38,709
  • Jun 24, 2014 5:57am Jun 24, 2014 5:57am
Quoting pastecopy
A failed long trade again. GJ; Jun 24, 14. I found out I always get caught by a fakey, how to reduce this incident? Feedback welcome. {image}
I am not a big expert to advice, but i guess you missed important news in GB, which were released at 9:30 London time. I guess the news have moved the price on south on GBP/JPY, GBP/USD and other GBP pairs.
Attached Image (click to enlarge)
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  • #38,710
  • Jun 24, 2014 6:11am Jun 24, 2014 6:11am
Quoting pips29
{quote} Nobody is going to learn anything if you don't post charts when you take trades. I am getting tired with ppl showing winning trades only

AUDUSD M15 Long

Here's a live one for you pips29..... I'm still in bootcamp so I'll be back once I've learnt how to get out of this strait jacket
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 37 KB
.... laughing all the way to the bank
  • #38,711
  • Jun 24, 2014 6:17am Jun 24, 2014 6:17am
Quoting pastecopy
A failed long trade again. GJ; Jun 24, 14. I found out I always get caught by a fakey, how to reduce this incident? Feedback welcome. {image}
Personally, h4 charts trading need large stops because we have £ news normally at 9.30amm (1/2 hr before H4 closes) and US news at 1.30 pm (1/2 hr before H4 closes) so you need to fine tune your timing
the cautious seldom err....C
  • #38,712
  • Jun 24, 2014 6:19am Jun 24, 2014 6:19am
Quoting itsallover
{quote} AUDUSD M15 Long Here's a live one for you pips29..... I'm still in bootcamp so I'll be back once I've learnt how to get out of this strait jacket {image}
nice to hear from you. Failure is a good teacher By the way, I notice you took long on 15mtf contrary to what is happening with the TDI on H1
the cautious seldom err....C
  • #38,713
  • Edited 6:42am Jun 24, 2014 6:31am | Edited 6:42am
Quoting pips29
{quote} nice to hear from you. Failure is a good teacher By the way, I notice you took long on 15mtf contrary to what is happening with the TDI on H1

I took the M15 in anticipation of the H1 cross up... well to me it looks like its about to cross up. I'm trying this way of trading so that I can reduce my SL because if I'm to trade the H1 and H4 I really need a very big SL which I don't have.
The bad thing of course is you get a lot of fake outs.... I'm testing this for now .

Note also, the TDI H1 has 'stepped up'
.... laughing all the way to the bank
  • #38,714
  • Jun 24, 2014 6:43am Jun 24, 2014 6:43am
I don't know why the yuro went up but I am looking forward to a signal to short E/Cad
the cautious seldom err....C
  • #38,715
  • Jun 24, 2014 6:45am Jun 24, 2014 6:45am
Quoting itsallover
{quote} I took the M15 in anticipation of the H1 cross up... well to me it looks like its about to cross up. I'm trying this way of trading so that I can reduce my SL because if I'm to trade the H1 and H4 I really need a very big SL which I don't have. The bad thing of course is you get a lot of fake outs.... I'm testing this for now . Note also, the TDI H1 has 'stepped up'
Hope it works for you. I know this is outside this thread but have you ever used cci to filter trades
the cautious seldom err....C
  • #38,716
  • Jun 24, 2014 6:51am Jun 24, 2014 6:51am
Quoting pips29
{quote} Hope it works for you. I know this is outside this thread but have you ever used cci to filter trades
I use Genesis which has cci
.... laughing all the way to the bank
  • #38,717
  • Jun 24, 2014 6:51am Jun 24, 2014 6:51am
Quite a number of spinning tops/dojis on E/U H1 tf
the cautious seldom err....C
  • #38,718
  • Jun 24, 2014 7:01am Jun 24, 2014 7:01am
Quoting pips29
{quote} Hope it works for you. I know this is outside this thread but have you ever used cci to filter trades
Thankyou. I hope it works out for you too.
Eventually it will work out. I've gone through all the permutations of being wrong so I can only be right ... fortunately for me...lol...
.... laughing all the way to the bank
  • #38,719
  • Jun 24, 2014 7:07am Jun 24, 2014 7:07am
I am actually hoping to reach the level where I can't get it wrong..ha,ha
the cautious seldom err....C
  • #38,720
  • Jun 24, 2014 8:21am Jun 24, 2014 8:21am
Quoting toledoFX
{quote} I am not a big expert to advice, but i guess you missed important news in GB, which were released at 9:30 London time. I guess the news have moved the price on south on GBP/JPY, GBP/USD and other GBP pairs. {image}

Yes, I had missed this news. Thank you for reminding.

Quoting pips29
{quote} Personally, h4 charts trading need large stops because we have £ news normally at 9.30amm (1/2 hr before H4 closes) and US news at 1.30 pm (1/2 hr before H4 closes) so you need to fine tune your timing
Thank you for feedback. My entry point was based on the prev 4H candle (6am London time) rather than the 10am London time. Though if I had waited for the 10am London 4H candle closed, I still get slaughtered as posted here:

http://www.forexfactory.com/showthre...26#post7546426
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