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Trading Made Simple

  • #39,981
  • Jul 20, 2014 8:56am Jul 20, 2014 8:56am
Quoting jagpalsingh
{quote} oh ok it's mainly used for TP decisions. Once a person has understood the basics of this system what else should I look for to help me?


.... chart time....you can never have too much chart time. And you might use more than one indicator to read PA .... nothing wrong in that...
.... laughing all the way to the bank
  • #39,982
  • Jul 20, 2014 9:02am Jul 20, 2014 9:02am
Quoting itsallover
{quote} .... chart time....you can never have too much chart time. And you might use more than one indicator to read PA .... nothing wrong in that...


Thanks mate. Just to clarify if candles are near support they would either bounce of for long or break to go lower and vice versa resistance lines


on average how much do u make a day if u don't mind me asking
Skype ID - jagpal.kooner1
  • #39,983
  • Jul 20, 2014 9:03am Jul 20, 2014 9:03am
Quoting jagpalsingh
{quote} That indicator looks alot better doesnt overlap anything else thank you! I will be sticking to 2 trades on Daily and 1 weekly trade a week. As i have to work full time =( which chart time do you use? Also could you explain to me about ATR
I'll be trading M15,M30,H1 charts
.... laughing all the way to the bank
  • #39,984
  • Jul 20, 2014 9:09am Jul 20, 2014 9:09am
Quoting jagpalsingh
{quote} Thanks mate. Just to clarify if candles are near support they would either bounce of for long or break to go lower and vice versa resistance lines on average how much do u make a day if u don't mind me asking
.... nobody can say with certainty how many pips they can make a day. It depends on the market conditions. Just look at the trades posted..... that should give you a rough idea how reasonably well a trader trades....
.... laughing all the way to the bank
  • #39,985
  • Jul 20, 2014 9:11am Jul 20, 2014 9:11am
Quoting itsallover
{quote} .... nobody can say with certainty how many pips they can make a day. It depends on the market conditions. Just look at the trades posted..... that should give you a rough idea how reasonably well a trader trades....



Thanks mate. I will defo be checking the charts in 7 hours to see what happens. Is the 10pm candle tonight strong indication as it's only the aus and nz market open?
Skype ID - jagpal.kooner1
  • #39,986
  • Jul 20, 2014 10:19am Jul 20, 2014 10:19am
Quoting itsallover
.... and try not to trade signals from a different timeframe. I've been caught out so many times taking a signal on H4 and applying it on M15.... you have to be quite skilled to pull this off.
If you are good at something, never do it for free--Joker
  • #39,987
  • Edited 12:11pm Jul 20, 2014 12:00pm | Edited 12:11pm
Quoting jagpalsingh
{quote} EU Daily - broken the support line and wick broken through the major support line to! it could just bounce tonight at 10. I will take the trade if the previous high was broken and a strong body candle {image} AU Daily - Sitting on support showing a doji candle (indicating a change) if all good it should bounce off for a good long {image} CAD/JPY - heres the S/R and I am lost i dont know haha {image} Yes mate any pip is good than no pip. Now i have told you about my analysis care to share yours? also I see you have ATR indicator could you...
This is what I have on the daily for A/U. It's a bullish candle but I am not trading this. Difficult to call, looking elsewhere for better trades. Bottom chart is weekly chart of E/U. Price is somewhere around TL. Another tough one but I am slightly bearish as other pairs with the Euro are showing downwards pressure. Not trading this as well
Attached Image(s) (click to enlarge)
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the cautious seldom err....C
  • #39,988
  • Jul 20, 2014 12:03pm Jul 20, 2014 12:03pm
Quoting pips29
{quote} This is what I have on the daily for A/U {image}

Whats your point?
Skype ID - jagpal.kooner1
  • #39,989
  • Jul 20, 2014 12:16pm Jul 20, 2014 12:16pm
Quoting jagpalsingh
{quote} Whats your point?
Just saying I won't be taking trades on these pairs
the cautious seldom err....C
  • #39,990
  • Jul 20, 2014 1:37pm Jul 20, 2014 1:37pm
Quoting pips29
{quote} Just saying I won't be taking trades on these pairs


Which pairs are you looking at to take?
Skype ID - jagpal.kooner1
  • #39,991
  • Jul 20, 2014 2:11pm Jul 20, 2014 2:11pm
A awesome new feature for the forum post should be a daily poll that is created 10pm UK time every sunday. The poll should have all the pairs on it with long/short and the timeframes so that everyone can see what people are trading for the day.

then towards the end of the day people who have made good profit should post their charts stating when and why they took the trade. This would really help everyone as you may have seen a setup that someone else missed or wasnt sure about. it would be a learning curve for everyone

what you guys think/?
Skype ID - jagpal.kooner1
  • #39,992
  • Jul 20, 2014 2:15pm Jul 20, 2014 2:15pm
Hi pips

I went through these 2 pairs, just for the sake of practicing, I will see if I can get a short on AU but EU, that pair is in a deciding zone, ie no where to told so I wont be where bulls and bears fight for the sake of direction, even tho its still looking bearish
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EU_H1.jpg Size: 388 KB
I Have Learned to Take Some Losses to Make Profits
  • #39,993
  • Jul 20, 2014 4:11pm Jul 20, 2014 4:11pm
Quoting TheScorpS
Hi pips I went through these 2 pairs, just for the sake of practicing, I will see if I can get a short on AU but EU, that pair is in a deciding zone, ie no where to told so I wont be where bulls and bears fight for the sake of direction, even tho its still looking bearish {image} {image}
Nice A/U chart. Yes, you prolly saw what I saw. On H4 price has been making LH but not LL and where you might take a short is the confluence of fib 61.8 and TL. I will pass over this trade as I reckon E/A provides a better trade with more pips. I am looking for more downside. Green pips ,Scorps
the cautious seldom err....C
  • #39,994
  • Jul 20, 2014 5:48pm Jul 20, 2014 5:48pm
AU analysis is that the PA has a small trading rang at the moment, so this range needs to be broken to make a trade worthwhile on the higher timeframes.

TDI is not giving clear signals and slowing it down doesn't add any clarity at this time. TDI momentum is still down which contradicts with the recent candle from Friday.

On the watch list waiting for a breakout above 0.9430, or below 0.9320
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily 7-20-2014.png Size: 55 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #39,995
  • Jul 20, 2014 6:00pm Jul 20, 2014 6:00pm
EU analysis is that we are sitting on top of a really strong support zone with 1.3470 / 1.3500 being the key numbers.

TDI momentum is down but ECB sentiment is also weak. If PA crosses and close below 1.3470, then we should be good for some pips.

On the probability of long trades, if PA bounces off of the current support, then there should be 100+ pips before the resistance levels kick in.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily 7-20-2014.png Size: 55 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #39,996
  • Jul 21, 2014 2:23am Jul 21, 2014 2:23am
when i pull the clock from the navigator list it cannot attach to the chart,anyone who can help whos using the clock to check the angle?
thankyou gregwilson
  • #39,997
  • Jul 21, 2014 7:06am Jul 21, 2014 7:06am
Hi There is it better to trade on meta trader or cirix? Thank you
  • #39,998
  • Jul 21, 2014 7:35am Jul 21, 2014 7:35am
I am Spanish and I speak English poorly, but you can have if you understa
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Attached Image (click to enlarge)
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nd me more or less. this is a correct entry? thank you
  • #39,999
  • Jul 21, 2014 9:36am Jul 21, 2014 9:36am
Quoting lamarga789
I am Spanish and I speak English poorly, but you can have if you understa{image}{image} nd me more or less. this is a correct entry? thank you
Lamarga - This looks like a good entry and is based on the rules. Way to go --- good trading to you!
  • #40,000
  • Jul 21, 2014 11:52am Jul 21, 2014 11:52am
ok, but today I made 2 entries and the result has been:
audusd +3 eu
usdcad -33 eu
I have not done anything wrong?
I am novice in forex. I appreciate your help .
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4-fxdd-malta-4h ok.png Size: 104 KB
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-h4-fxdd-malta-4h-ok.png Size: 95 KB
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