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Trading Made Simple

  • #41,701
  • Oct 2, 2014 7:43pm Oct 2, 2014 7:43pm
Morning Room

Quick update. EA short twice opportunity. 1st drop 30pips and Be.
2nd drop closed earlier 3pips. After a long sweet dream.
Price consolidate at hr4. So I expect it will make another high then drop.

Since I am having chatty b/f, most prolly not trading. Will update if I caught
Nice move. Green pips @all
  • #41,702
  • Oct 2, 2014 8:57pm Oct 2, 2014 8:57pm
@ll right,

Now that I'm back home, I can post my entry earlier. Well, with last night result both shorting EA not working,
I decided following HR4 time. During these consolidation period, there'll be all lot of fake move on LOWER TF.
IT's good for scalping... Selling high, buying low.

So I take a long with SL20. I'm expecting EURO on strengthening move up before Sharp fall. I'll monitor later.
I'm expecting a falling once reaching a BIG Figure. Usually Big Figure is a good Selling Point.

Hmm. This is solely base on my analysis. Do not follow if you are unsure. Cause, I am unsure neither.
There's always risk. Hmm.. any PRO's care to comment on this EA pair ?

Collection would be 1:2 on this Trade. Hehe

Heading Out again. Hectic day today suppose to be. Green Pips @ll.
Attached Image (click to enlarge)
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  • #41,703
  • Oct 2, 2014 9:30pm Oct 2, 2014 9:30pm
hi all,

a little late on entry...a 10 pip trade...not bad

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 41 KB
  • #41,704
  • Oct 2, 2014 9:59pm Oct 2, 2014 9:59pm
I got in on that one too, been traking the UJ on the M15 all morning. Entered on TDI cross and second trade was on TDI bounce. Just exited because of divergence and it had reached the 200EMA line where it was showing resistance.

Managed to get +50 pip total

Attached Image
Learning is all about about asking the right questions!
  • #41,705
  • Oct 2, 2014 10:02pm Oct 2, 2014 10:02pm
Great catch Dennis. A nice buying dip on trend change. Still room to upper before fall.
  • #41,706
  • Oct 2, 2014 10:13pm Oct 2, 2014 10:13pm
Good one reeen4.....
Thanks Amilate...still learning brother...at times everything looks good but somehow it doesn't work...that's trading I guess...at times I just take 10 pips of a 100 pip move...and times I wait too long to exit...I am just trying to exit at support and resistance or at the daily ranges or when the tdi starts to curve..i trade 1hr time frame as it gives me a bit of time to study my trade..i also look at 4hr TMS just to see whats the story on the higher time frame..i trade micro lots so I tend to stay in the trade a little longer...what I feel is that I try to get atleast 10 pips profit but if I have time I check my charts every hour and try n move the SL at the top or bottom of the previous candle just to milk a few more pips.

Regards
  • #41,707
  • Oct 2, 2014 10:17pm Oct 2, 2014 10:17pm
First trade of the day on second red candle, out on the third for a quick scalp. Come to me you 8 little beauties
Have also set a sell stop as an experiment as the pair may turn resume a downtread showing H,4H, D.
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"You know what needs to be addressed , completely completely reverse that".
  • #41,708
  • Oct 2, 2014 10:29pm Oct 2, 2014 10:29pm
Great catch Kmv and reeeen.

Man I'm still struggling getting volume... Haha... still in ranging mode. Am sticking to one or two pairs for now.
Not much opportunity.

Hope there'll be more other trader posting in future. This r00m is sure hell kicking with many greenish pips.
  • #41,709
  • Oct 2, 2014 10:52pm Oct 2, 2014 10:52pm
Quoting Porto
Hi guys! This is my first post here but i am reading this thread for many weeks and trade on demo but with no succes. I think i need help. What is wrong with this enter? {image} {image}
You entered a little late. Plus there's divergent on the H1. TDi way down in undersold area.
  • #41,710
  • Oct 2, 2014 11:01pm Oct 2, 2014 11:01pm
Something to analyze..

Any comment @ll senior..
Attached Image (click to enlarge)
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  • #41,711
  • Oct 3, 2014 12:18am Oct 3, 2014 12:18am
Quoting amilate
Something to analyze.. Any comment @ll senior.. {image}
That divergence on the right hand chart is hidden bearish divergence: http://www.babypips.com/school/high-...eat-sheet.html
  • #41,712
  • Oct 3, 2014 12:21am Oct 3, 2014 12:21am
Quoting amilate
Something to analyze.. Any comment @ll senior.. {image}

Hi amilate,

Thanks for sharing your analysis. The divergence looks valid.

It is Friday, so I won't be taking any new 4H swing trades, but I have my big picture plan ready for next week and the coming weeks ahead.
Currently price action is 'trapped' between two key levels - 1.4512 and 1.4348.
So I will be watching this pair next week to catch the next move. The game plan is the same, I look for TMS setup on D chart and then a lower timeframe entry on H4 or H1 to get a good entry price withg smaller initial SL.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 40 planning 3-10-2014 9-06-48 AM.png Size: 44 KB


Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,713
  • Oct 3, 2014 12:28am Oct 3, 2014 12:28am
Quoting dennis4u15
hi all, a little late on entry...a 10 pip trade...not bad Regards {image}

Hi Dennis,

I did the same trade but on H4.
One of my favourite price action typoe setup with H4 Inside Bar and I trade the breakout with the TDI as confirmation.
Trade now scaled out +30pips and Be remaining pos for final TP. Will see what happen when London open later on.

Good Trading.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H4 trade 3-10-2014 1-07-53 PM.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,714
  • Oct 3, 2014 12:39am Oct 3, 2014 12:39am
Quoting dennis4u15
Yes Emmanuel a good buy signal is setting up on USD/CAD 4 hour chart...Tdi is about cross. Regards

Hi Dennis,

At that time of our post, it was looking good for a H4 setup trade as the price ade a huge pullback seen on the D chart.

Here my comments on the charts below:
D chart:
Attached Image (click to enlarge)
Click to Enlarge Name: UsdCad D1 3-10-2014 8-50-15 AM.png Size: 36 KB


H4 chart:
Attached Image (click to enlarge)
Click to Enlarge Name: UsdCad H4 3-10-2014 8-50-22 AM.png Size: 42 KB


Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,715
  • Oct 3, 2014 12:44am Oct 3, 2014 12:44am
hi Emmanuel,

Ur trade looks great...thanks for taking ur time to look at my setup...yeh inside bars with TDI looks good, that's something new for me...I learnt that from the charts u posted sometime back...a lot to learn for me...I mostly enter on 1 hr time from and I am following ur advice to also look at 4hr or daily for price confirmation...I draw my support and resistance, look for the size of candles and tdi crosses to setup my trade.. I still make heaps of mistakes and rush into trades without looking at it in detail...like I said still learning...I only trade micro lots and im thinking for just trading 3 or 4 pairs so that I can look closely at all the available infos before pulling the trigger...its a long road for me...so very happy when pros like u help out when we make mistakes...

Regards
  • #41,716
  • Oct 3, 2014 12:48am Oct 3, 2014 12:48am
NZDJPY Day chart looks very interesting today.
Try your hand using top down analysis - Monthly > Weekly > Daily.
We can discuss how to catch the next trade for next week Monday.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,717
  • Oct 3, 2014 12:54am Oct 3, 2014 12:54am
Okay, Suffering minor injuries. -7pips. Came back late.

Now waiting if breaking is true or false.
  • #41,718
  • Oct 3, 2014 1:06am Oct 3, 2014 1:06am
Quoting dennis4u15
hi Emmanuel, Ur trade looks great...thanks for taking ur time to look at my setup...yeh inside bars with TDI looks good, that's something new for me...I learnt that from the charts u posted sometime back...a lot to learn for me...I mostly enter on 1 hr time from and I am following ur advice to also look at 4hr or daily for price confirmation...I draw my support and resistance, look for the size of candles and tdi crosses to setup my trade.. I still make heaps of mistakes and rush into trades without looking at it in detail...like I said still learning...I...

Hi Dennis,

It has been a long learning journey for me too and I learned from my own mistakes in the thousands of trades I done for the past many years. Still make mistakes often but the confidence in pulling the trigger is there and knowing when to do the turnaround is important.
Big E posts are always inspirational to read over and over again and in particular his post #261 is the one and only key I hold.
In that post, he mention to look for PA and Supp/Res, look for consolidation. I build my trading concept from that one post and develop on.
Price Bar patterns are used to identify market consolidation, often in trend, price contracts and expands. These we can see with Inside Bars and Outside Bars, and we learn to trade these candlecticks/bar patterns with TMS as our core technical trading method. The TDI is the heart of thei method and is use for confirmation of the Price Action and the direction.

There is a pdf explaing how to trade the price patterns. It is in post #20,110... link below.
http://www.forexfactory.com/showthre...77#post6720177

Study that pdf and learn to identify those three patterns on your trading charts and trade them.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #41,719
  • Oct 3, 2014 1:11am Oct 3, 2014 1:11am
Quoting emmanuel7788
NZDJPY Day chart looks very interesting today. Try your hand using top down analysis - Monthly > Weekly > Daily. We can discuss how to catch the next trade for next week Monday.
I used D1 and seeing there's retracement going back to defined structure resistance at 86.300

Is that correct?
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #41,720
  • Oct 3, 2014 1:50am Oct 3, 2014 1:50am
Quoting emmanuel7788
{quote} Hi amilate, Thanks for sharing your analysis. The divergence looks valid. It is Friday, so I won't be taking any new 4H swing trades, but I have my big picture plan ready for next week and the coming weeks ahead. Currently price action is 'trapped' between two key levels - 1.4512 and 1.4348. So I will be watching this pair next week to catch the next move. The game plan is the same, I look for TMS setup on D chart and then a lower timeframe entry on H4 or H1 to get a good entry price withg smaller initial SL. {image} Regards,
Wow.. Blow me down. Thanks for your advise which is very appreciated.

Your analysis, mean a thousand words.
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