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Trading Made Simple

  • #42,461
  • Oct 19, 2014 1:58am Oct 19, 2014 1:58am
I checked over GA and I see that PA has hit 61.8 - 78.6 on the way up from last swing high, and starts to consolidated , I'm more inclined for a sell off week , else If PA on the down side find support at 38.2, PA might continue the way up for a new structure high, so rather Plan A continue sell
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GA.jpg Size: 175 KB
Click to Enlarge Name: Fib 61.8.jpg Size: 184 KB
I Have Learned to Take Some Losses to Make Profits
  • #42,462
  • Oct 19, 2014 2:16am Oct 19, 2014 2:16am
Quoting MrAussieFX
{quote} Great Idea Omonisha, I monitor this pair and as you posted the charts above I started looking at the pair top down but I'll be back from work in 6 hours and will try to contribute to the post. Kindest regards
Quoting emmanuel7788
{quote} Very good idea Omonisha. My planning session starts today at London 1500Hr (3:00PM). If interested we can do this online in this thread. Talk soon.
Quoting TheScorpS
{quote} Thats an awesome idea, this is such a way to learn how the seniors plan the market, and trade accordingly, back to the chart later .
I think if we try all together we can learn much faster then what we do all by our self. Many members here are silent and many new are coming. Everybody can be benefited.

Cheers to all
Sad i'm not trying to understand PA
  • #42,463
  • Oct 19, 2014 2:28am Oct 19, 2014 2:28am
Quoting TheScorpS
I checked over GA and I see that PA has hit 61.8 - 78.6 on the way up from last swing high, and starts to consolidated , I'm more inclined for a sell off week , else If PA on the down side find support at 38.2, PA might continue the way up for a new structure high, so rather Plan A continue sell {image} {image}
Excellent ScorpS. What a beauty we two have different views. We will wait for other's to share their views. And we all can learn.

Here is mine
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-10-19_11-53-46GBPAUD_1.png Size: 107 KB
Click to Enlarge Name: 2014-10-19_13-26-54GBPAUD_2.png Size: 64 KB
Sad i'm not trying to understand PA
  • #42,464
  • Oct 19, 2014 5:20am Oct 19, 2014 5:20am
Quoting TheScorpS
I checked over GA and I see that PA has hit 61.8 - 78.6 on the way up from last swing high, and starts to consolidated , I'm more inclined for a sell off week , else If PA on the down side find support at 38.2, PA might continue the way up for a new structure high, so rather Plan A continue sell {image} {image}
Here is my Weekly view.
We still do not have confirmed BC leg. The current retracement of the AB leg is shallow and in a support zone.
Next week still possible to both buy and sell on H4 since weekly is sideways and the range id good enough for TMS4H swing trading.

Those of you using the II_SupDem indicator and trading with Supply and Demand, I am interested to hear your view for next wwek.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Weekly ABCD.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,465
  • Oct 19, 2014 5:20am Oct 19, 2014 5:20am
Quoting omonisha
{quote} Excellent ScorpS. What a beauty we two have different views. We will wait for other's to share their views. And we all can learn. Here is mine {image} {image}

Excellent omonisha. I LIKE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,466
  • Oct 19, 2014 6:02am Oct 19, 2014 6:02am
Quoting emmanuel7788
{quote} Here is my Weekly view. We still do not have confirmed BC leg. The current retracement of the AB leg is shallow and in a support zone. Next week still possible to both buy and sell on H4 since weekly is sideways and the range id good enough for TMS4H swing trading. Those of you using the II_SupDem indicator and trading with Supply and Demand, I am interested to hear your view for next wwek. {image}
Thanks , I have this as well, since 38.2 is holding and PA is rejecting the lows there might be strong momentum upside as well, the shallow retracement is alone an indication of continuation upside

Omnishea, thanks for breaking down price action , I missed that as well, might have counter trend what PA is telling us at the moment, but at the end , it was a good learning lesson as you can see, doing this on weekly basis can make us avoid a lot of bad trades, and improves our planning on currency market at least our mind will improve to see how seniors go about planning the market a head
I Have Learned to Take Some Losses to Make Profits
  • #42,467
  • Oct 19, 2014 6:27am Oct 19, 2014 6:27am
GBPAUD Week 43 Trade Plan

Here is my trade plan with CaveManager parameters.

Trade Safe.

Attached File(s)
File Type: pdf Weekly Planning GBPAUD week 43.pdf   602 KB | 878 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,468
  • Oct 19, 2014 6:39am Oct 19, 2014 6:39am
Back from work now and did some GA planning.
I may be looking for bullish trades on H1 but will take any good bearish trades as well based upon TDI (Green below red both below MBL).

Attached Image (click to enlarge)
Click to Enlarge Name: GA Daily Moving averages with Fib analysis.png Size: 356 KB


Feel free to point out any corrections on the chart as we all make mistakes and help each other correcting them and learn from them.

Kindest Regards
  • #42,469
  • Oct 19, 2014 6:46am Oct 19, 2014 6:46am
Quoting MrAussieFX
Back from work now and did some GA planning. I may be looking for bullish trades on H1 but will take any good bearish trades as well based upon TDI (Green below red both below MBL). {image} Feel free to point out any corrections on the chart as we all make mistakes and help each other correcting them and learn from them. Kindest Regards

The ADR is wide enough for intraday trades on H1 and M15.
So I see R:R is 1:2 is achievable with good timed entries and manage well for 2R trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,470
  • Oct 19, 2014 6:55am Oct 19, 2014 6:55am
Quoting emmanuel7788
{quote} The ADR is wide enough for intraday trades on H1 and M15. So I see R:R is 1:2 is achievable with good timed entries and manage well for 2R trades.
Thanks Emmanuel and appreciate the pdf with GA planning including the CM settings.

Regards
  • #42,471
  • Oct 19, 2014 10:38am Oct 19, 2014 10:38am
Quoting MrAussieFX
Back from work now and did some GA planning. I may be looking for bullish trades on H1 but will take any good bearish trades as well based upon TDI (Green below red both below MBL). {image} Feel free to point out any corrections on the chart as we all make mistakes and help each other correcting them and learn from them. Kindest Regards
Quoting emmanuel7788
{quote} Here is my Weekly view. We still do not have confirmed BC leg. The current retracement of the AB leg is shallow and in a support zone. Next week still possible to both buy and sell on H4 since weekly is sideways and the range id good enough for TMS4H swing trading. Those of you using the II_SupDem indicator and trading with Supply and Demand, I am interested to hear your view for next wwek. {image}
Wonderful. Thank's aussie excellent share. Thank you Big EMU. Thank's for the pdf.
Sad i'm not trying to understand PA
  • #42,472
  • Oct 19, 2014 5:54pm Oct 19, 2014 5:54pm
Quoting emmanuel7788
{quote} Hi brandy, Your are most welcome. Long time not seeing your posts here. Trust your trading all is going well. Regards,
Yes,Im doing well,thank`s to you and big E,among the the others,but Im always folloing your guide,thank you for all you done,,,Happy Trading
  • #42,473
  • Oct 19, 2014 8:55pm Oct 19, 2014 8:55pm
EURNZD H1 trade Asian session.
Stopped out at BE+3pips when price pull back after moving +31pips, managed by CaveManager.
In this trade, the Exit by Batch TP1 was set to 50pips, hence no scaling out since the Capital Protection set to 25pips which is lesser than 50pips.
Something which you may want to consider is to set Batch Exit TP1 to be same number of pips as the Capital Protection.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD 20 Oct H1 trade IB setup .png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,474
  • Oct 19, 2014 9:04pm Oct 19, 2014 9:04pm
AUDJPY 20 Oct H1 trade during Tokyo open.
Using CaveManager to manage, scale out with Batch Exit TP1 +20 pips, now trailing behind the previous candle at distance 10pips after market moved 25pips.


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 20 Oct H1 trade CM exit.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,475
  • Oct 20, 2014 12:59am Oct 20, 2014 12:59am
Here is another chart. Red news tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-10-20_13-49-03EURAUD_Analysis.png Size: 55 KB
Sad i'm not trying to understand PA
  • #42,476
  • Oct 20, 2014 2:00am Oct 20, 2014 2:00am
GBPAUD. took it when pulled back from 200ema. Cashed some BE rest
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-10-20_14-57-31GBPAUD.png Size: 33 KB
Sad i'm not trying to understand PA
  • #42,477
  • Oct 20, 2014 2:05am Oct 20, 2014 2:05am
Quoting omonisha
GBPAUD. took it when pulled back from 200ema. Cashed some BE rest {image}

Nice entry. I think your chart shows a H1 Inside Bar setup and you took the IB breakout entry.

I am 3 hours behind you, waited for LO and got my entry. Now waiting for a 50pips move before I take TP1 batch exti.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,478
  • Oct 20, 2014 2:34am Oct 20, 2014 2:34am
Quoting emmanuel7788
{quote} Nice entry. I think your chart shows a H1 Inside Bar setup and you took the IB breakout entry. I am 3 hours behind you, waited for LO and got my entry. Now waiting for a 50pips move before I take TP1 batch exti.
Thanks Big EMU. Actually i was not aware of that inside bar [ Need a lot of eye training ]. I was more looking at the double bottom near 200ema. Took the trade on the break
Sad i'm not trying to understand PA
  • #42,479
  • Oct 20, 2014 2:41am Oct 20, 2014 2:41am
Quoting omonisha
GBPAUD. took it when pulled back from 200ema. Cashed some BE rest {image}
Good trading Omonisha.

GBPAUD looks as though its in an accumulation phase. The problem with accumulation is that we don't really know whether its buy or sell contracts being accumulated. So its appropriate to move onto lower timescale (M30 I believe) and see fresh demand come in and push into supply above for a short term trade, with the profit target being the supply.
  • #42,480
  • Oct 20, 2014 2:50am Oct 20, 2014 2:50am
Hi everyone

So as well as forex, i also trade stocks, however on the MT4 platform i use, The TMS WATCHDOG alerts that i use won't STOP, as soon as there's a cross, it just keeps alerting forever, it doesn't do that on my MT4 forex platform. I tried using a diferent MT4 stock platform to no avail

can anyone help me fix the problem or link me to another good alert indi?

thanks and have a great trading day
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