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Trading Made Simple

  • #43,201
  • Nov 4, 2014 4:40am Nov 4, 2014 4:40am
Quoting emmanuel7788
{quote} Here is what I usually do with Price Action reading the price bars on H1 charts. When I see the H1 TDI TSL Red line showing a nice slope, then it will also mean the H4 TDI Green is pointing at a steep angle 12-2 or 4-6 clock face angle. When the H1 TDI Red crosses the Yellow MBL, that is most situations is H4 TDI cross. Look back at history charts, draw a vertical line when you see a nice slope H1 TDI Red, then swicth to H4 and look at the H4 TDI Green, what do do the angle look like.
Oh such a nice observation! Thank you, it will for sure help and I already noticed it looks like the way you said!
cheers!
Lorenzo
  • #43,202
  • Nov 4, 2014 4:58am Nov 4, 2014 4:58am
Quoting lorbax
{quote} Oh such a nice observation! Thank you, it will for sure help and I already noticed it looks like the way you said! cheers!
I bought USDCAD,
I suppose TMS, PA & fundamentals are in agreement.
We've got news coming out in 2.5h
Attached Image (click to enlarge)
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  • #43,203
  • Nov 4, 2014 5:22am Nov 4, 2014 5:22am
Took +13 on GJ and +13 on EA, nothing there more , just scalping or trying to hang on a trend, been a long time running in this nature of minor pips, but that's market, sometime you get a nice trend and other times you are in scalping mode, have been like this since sometime now
I Have Learned to Take Some Losses to Make Profits
  • #43,204
  • Nov 4, 2014 5:32am Nov 4, 2014 5:32am
Quoting TheScorpS
Took +13 on GJ and +13 on EA, nothing there more , just scalping or trying to hang on a trend, been a long time running in this nature of minor pips, but that's market, sometime you get a nice trend and other times you are in scalping mode, have been like this since sometime now
I´m still in EA and expect a run around the sunday gap closing .
The TDI bounce was my entry.
Could be a nice run around 70 pips
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png 4.11..png Size: 42 KB
Risiko birgt immer auch die Chance.
  • #43,205
  • Nov 4, 2014 5:41am Nov 4, 2014 5:41am
Quoting Sesamstrasse
{quote} I´m still in EA and expect a run around the sunday gap closing . The TDI bounce was my entry. Could be a nice run around 70 pips Guido {image}

There was a H4 pullback candle at RN1.4400, which I was looking for.
Many of you entered very late on H1 today.
The weekend gap is good to cover.
Look like a intra-week reversal what I look for in my EA BPP.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 4 Nov H4 pullback candle entry.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,206
  • Nov 4, 2014 5:43am Nov 4, 2014 5:43am
Quoting TheScorpS
Took +13 on GJ and +13 on EA, nothing there more , just scalping or trying to hang on a trend, been a long time running in this nature of minor pips, but that's market, sometime you get a nice trend and other times you are in scalping mode, have been like this since sometime now
Hi, ScorpS! What was the reasons to exit the trade on EA? Ranging market?
  • #43,207
  • Nov 4, 2014 5:44am Nov 4, 2014 5:44am
Quoting emmanuel7788
{quote} There was a H4 pullback candle at RN1.4400, which I was looking for. Many of your entered very late on H1 today. The weekend gap is good to cover. Look like a intra-week reversal what I look for in my EA BPP.
Yes, late entry, because of deep night here during Asia session...
  • #43,208
  • Edited 6:10am Nov 4, 2014 5:54am | Edited 6:10am
Quoting emmanuel7788
{quote} There was a H4 pullback candle at RN1.4400, which I was looking for. Many of you entered very late on H1 today. The weekend gap is good to cover. Look like a intra-week reversal what I look for in my EA BPP. {image}
I was counting sheeps when you entered .
6 is not my time.. too late to come home .. to early to get up .
LO open to early US is my time .
But nice to see you have the same idea about EA !
Guido
Risiko birgt immer auch die Chance.
  • #43,209
  • Nov 4, 2014 6:20am Nov 4, 2014 6:20am
Quoting Wqiang
Master candle spotted! Camping to short this pair. {image}

H1 showing many small H1 candles... BRN 1.2500... and LH> HL-HH> ???

Look next TF higher...H4, not nice to short yet.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,210
  • Nov 4, 2014 6:45am Nov 4, 2014 6:45am
1st time I got it right for EJ for 40green on M15
Attached Image (click to enlarge)
Click to Enlarge Name: EJ M15 Tue 4.11.14 +41.png Size: 40 KB
Appreciation is the key to wealth and happiness
  • #43,211
  • Edited 7:46am Nov 4, 2014 6:48am | Edited 7:46am
Quoting toledoFX
{quote} Hi, ScorpS! What was the reasons to exit the trade on EA? Ranging market?
I need to see momentum pick, it did pick for a moment and then if you look closely on M15 there was EMA 200 just been broken, in that case I have 2 options, closing half position and leave the rest to BE because PA could easily suck back into EMA 200 and it did , fibs 61.8 on H1 , EMA 10 on H4
I Have Learned to Take Some Losses to Make Profits
  • #43,212
  • Nov 4, 2014 7:20am Nov 4, 2014 7:20am
took this trade out as red news in 10 mins. 70+ greenies
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 49 KB
the cautious seldom err....C
  • #43,213
  • Nov 4, 2014 7:35am Nov 4, 2014 7:35am
Quoting Kouroushi
{quote} I bought USDCAD, I suppose TMS, PA & fundamentals are in agreement. We've got news coming out in 2.5h {image}
Update:
USDCAD went for +45pip but news brought it down to +25pip where I closed it
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 34 KB
  • #43,214
  • Nov 4, 2014 7:54am Nov 4, 2014 7:54am
Quoting omonisha
EURCAD.. {image}
Thanks for your support, excellent trading

I was checking how you manage the trade, those retracement after PA moves +20 sometime make it hard for me to stay in the trade especially after PA moved this much, so when do you move your trades to BE and how do you manage those drawdown back to entry point?
I Have Learned to Take Some Losses to Make Profits
  • #43,215
  • Nov 4, 2014 8:05am Nov 4, 2014 8:05am
EURNZD, entered short on H1 chart @ 1.6107

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd-h1-pepperstone-financial-pty.png Size: 36 KB
Lorenzo
  • #43,216
  • Nov 4, 2014 8:34am Nov 4, 2014 8:34am
Quoting lorbax
EURNZD, entered short on H1 chart @ 1.6107 {image}
rookie mistake, i didn't notice the tentative news on NZD: GDT Price Index ...

counter is -30 pips for now ... live and learn, trade and learn.
We'll see.
Lorenzo
  • #43,217
  • Nov 4, 2014 8:41am Nov 4, 2014 8:41am
Quoting lorbax
{quote} rookie mistake, i didn't notice the tentative news on NZD: GDT Price Index ... counter is -30 pips for now ... live and learn, trade and learn. We'll see.
Not the best market to short, either Look left, you don't want to short into support when there's not much momentum in the markets and it has rejected the level once already..
  • #43,218
  • Nov 4, 2014 8:41am Nov 4, 2014 8:41am
Quoting mary4x
{quote} Bizzzle, did you also exit on the 1H?
Hi mate, depending on the pair I will have a set TP point by back-test we can measure how much a pairs moves on average and then have a target for it, mine was 100 pips for that pair!
I will also be looking at S+R levels and see if we get a strong reject and then possible close earlier but most time we can set and forget once we take the risk off to Break-even!
Yes I watch PA in the hourly

Hope that helps
Give yourself a chance and trade it like it's layed out...
  • #43,219
  • Edited 9:18am Nov 4, 2014 9:08am | Edited 9:18am
Quoting WDays
{quote} Not the best market to short, either Look left, you don't want to short into support when there's not much momentum in the markets and it has rejected the level once already..
thanks you're right, but actually I was only in for a 15-20 scalp, but no, it wasn't the best entry
Lorenzo
  • #43,220
  • Nov 4, 2014 9:16am Nov 4, 2014 9:16am
Thanks, Bizzzle.
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