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Trading Made Simple

  • #43,761
  • Nov 12, 2014 7:57pm Nov 12, 2014 7:57pm
Quoting dennis4u15
Hi Emmanuel, I have attached my 4hr set up with the sweet spot indicator and the weekly high and low...could u have a look please...hope my template is ok Regards {image}

Hi Dennis,

The sweet spot indicator is good as it shows the big round number acroos the chart for visibility. You see how price move from BRN to BRN.
When we trade away from the 50EMA and 200EMA, that is easy when market is trending. Sell at 1.2800, SL 1.2900 TP 1.2700... , repeat sell at 1.2700, SL 1.2800, TP 1.2500....

Below is a USDCAD H1 chart which I did to explain to someone who asked me this week.
The comments I made on the chart below.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD H1 Zoom out view.png Size: 98 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,762
  • Nov 12, 2014 8:35pm Nov 12, 2014 8:35pm
Looking to take a counter trend long on GN if we get momentum and a cross to the upside...
Price is rejecting the BRN 2.00000 area which is a VERY strong support level
Attached Image (click to enlarge)
Click to Enlarge Name: 111111111.png Size: 30 KB
  • #43,763
  • Nov 12, 2014 8:35pm Nov 12, 2014 8:35pm
Hi Emmanuel,

Could u please share the indicator which draws the box around the 4 1hr candles...it looks really helpful on ur last post..will be much appreciated,


Regards
  • #43,764
  • Nov 12, 2014 8:52pm Nov 12, 2014 8:52pm
Quoting dennis4u15
Hi Emmanuel, Could u please share the indicator which draws the box around the 4 1hr candles...it looks really helpful on ur last post..will be much appreciated, Regards

OK.
here it is attached.
Use that only for learning and practice to train your eyes to see each candle inside a H4 forming.
With this you donlt need to look at H4 chart anymore. Just trade on H1 chart.
Attached File(s)
File Type: ex4 !#MTF H4 CandleView.ex4   10 KB | 871 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,765
  • Nov 12, 2014 8:57pm Nov 12, 2014 8:57pm
Quoting moretti12
Looking to take a counter trend long on GN if we get momentum and a cross to the upside... Price is rejecting the BRN 2.00000 area which is a VERY strong support level {image}
Many technical stops above....so 'stop hunt' ground for grizzly bear. Big Bear is still up there.

video to watch....
http://www.flixxy.com/bear-animal-nature-film.htm
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,766
  • Nov 12, 2014 9:14pm Nov 12, 2014 9:14pm
Thanks for the indicator Emmanuel.

Regards
  • #43,767
  • Nov 12, 2014 10:48pm Nov 12, 2014 10:48pm
I would like to thank Emmanuel and Snarlyjack for the continuous support and enlighten in the thread, I guess we are lucky to have seniors traders helping us along the way, cant thank you enough for all the work entitled under TMS thread

You come to see new tips, technique, experiences and add those to your knowledge about Trading and TMS in general, appreciate all the help and mentorship
I Have Learned to Take Some Losses to Make Profits
  • #43,768
  • Nov 12, 2014 11:48pm Nov 12, 2014 11:48pm
Quoting dennis4u15
Hi Emmanuel and seniors, What do u guys think of this cross...is this a good setup....any input please Regards {image}
I am a newbie here and is catching up with the posts.
IMO I think it is a valid entry.

Downside is that if you entered on the first blue candle, the TDI lines just barely crossed. It is better to entry on the second blue candle waiting for a clear cross-over as BigE's teaching.

However, i think the up angulation of the green TDI (~2 OC position) is quite strong and can be a good signal.
Previous series of red candles imply downtrend, so maybe get out quickily with TDI get flat.
Learning hoping to earn
  • #43,769
  • Nov 13, 2014 12:19am Nov 13, 2014 12:19am
I'm trading 4H TF.

It's my entry on AU. (Pic 1)
Enter: 2nd candle with TDI cross.

I have a question which would like clarification from seniors concerning Big E's candle counting.
In my mind, candle 1/2/3 means the candle numbering since color change of candles, is that right?
For example, suppose there is a situation that the candles turns from blue to red for 3 candles, only the 4th red candle is accompanied with TDI - crossing. Is that correct the candle with TDI crossing is #4 candle, not #1?

Also i would like to ask for seniors' opinion concerning a pair making a new high / low.
For example in (Pic 2), the UJ the making newer highs. Normally we would like to look for resistance before we enter. However in the UJ we can see the UJ resistance is quite near. Do you still enter according to the rule (suppose TDI crossing gives good signal) as we know that the trend may prevail for much longer?

Thanks
CB
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-11-13 AU.png Size: 57 KB
Click to Enlarge Name: Ques UJ.png Size: 40 KB
Learning hoping to earn
  • #43,770
  • Nov 13, 2014 12:30am Nov 13, 2014 12:30am
It seems to have lack of momentum and any PA confirmation.
  • #43,771
  • Nov 13, 2014 12:38am Nov 13, 2014 12:38am
Quoting dennis4u15
Hi Emmanuel and seniors, What do u guys think of this cross...is this a good setup....any input please Regards {image}

Hi Dennis,
considering the 2 previous Day very strong bearish candles, it will not be easy for a reversal until we see consolidation first.
Better be like small bear and stay on the big bear side, its behind us.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,772
  • Nov 13, 2014 1:20am Nov 13, 2014 1:20am
Morning guys,

I have cleaned up my charts as suggested by SJ. Hope this looks better and gives me better signals which don't contradict each other.

Attached is a chart of A/U. On the 4 hour chart it has completed an ABCD pattern and 4hour TDI has also crossed in the overbought zone. However, I am reluctant to trade against the previous doji/pin bar candle, but there is definitely space to breathe down below.

Whats your thoughts on this. Help would be appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
  • #43,773
  • Nov 13, 2014 3:08am Nov 13, 2014 3:08am
Quoting kingdomk
Morning guys, I have cleaned up my charts as suggested by SJ. Hope this looks better and gives me better signals which don't contradict each other. Attached is a chart of A/U. On the 4 hour chart it has completed an ABCD pattern and 4hour TDI has also crossed in the overbought zone. However, I am reluctant to trade against the previous doji/pin bar candle, but there is definitely space to breathe down below. Whats your thoughts on this. Help would be appreciated {image}
In my opinion, on the HFT, the D1 , the uptrend momentum is still pretty strong so I wouldn't enter short now on the H4, better leave it cool off a bit ...
my two cents.

cheers
Lorenzo
  • #43,774
  • Nov 13, 2014 3:25am Nov 13, 2014 3:25am
Quoting kingdomk
Morning guys, I have cleaned up my charts as suggested by SJ. Hope this looks better and gives me better signals which don't contradict each other. Attached is a chart of A/U. On the 4 hour chart it has completed an ABCD pattern and 4hour TDI has also crossed in the overbought zone. However, I am reluctant to trade against the previous doji/pin bar candle, but there is definitely space to breathe down below. Whats your thoughts on this. Help would be appreciated {image}
On your chart price making HH. Means trend is up at the moment. And HL will act as S/R. Shorting now is against trend and the HL is very near.
Sad i'm not trying to understand PA
  • #43,775
  • Nov 13, 2014 3:28am Nov 13, 2014 3:28am
Took GBP/AUD today on LO. Price did broke the low of consolidation, TDI gave a cross with decreasing MBL. We have a strong downtrend, so i decided to take it without waiting for full confirmation. Full confirmation for me in this situation would be waiting until price brake the previous monthly low, but i entered about 10 pips earlier, so there was a risk of bouncing of that level. But price did broke that level very quickly and hit my TP very fast, i didn't even noticed that. Wanted to move my TP for +100, but i missed a chance
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 35 KB
  • #43,776
  • Nov 13, 2014 3:52am Nov 13, 2014 3:52am
Quoting toledoFX
Took GBP/AUD today on LO. Price did broke the low of consolidation, TDI gave a cross with decreasing MBL. We have a strong downtrend, so i decided to take it without waiting for full confirmation. Full confirmation for me in this situation would be waiting until price brake the previous monthly low, but i entered about 10 pips earlier, so there was a risk of bouncing of that level. But price did broke that level very quickly and hit my TP very fast, i didn't even noticed that. Wanted to move my TP for +100, but i missed a chance {image}
Nice, I spotted it too but since the TDI was in the "32" area... I didn't trust it too much. Well done dude!
Lorenzo
  • #43,777
  • Nov 13, 2014 4:01am Nov 13, 2014 4:01am
Quoting toledoFX
Took GBP/AUD today on LO. Price did broke the low of consolidation, TDI gave a cross with decreasing MBL. We have a strong downtrend, so i decided to take it without waiting for full confirmation. Full confirmation for me in this situation would be waiting until price brake the previous monthly low, but i entered about 10 pips earlier, so there was a risk of bouncing of that level. But price did broke that level very quickly and hit my TP very fast, i didn't even noticed that. Wanted to move my TP for +100, but i missed a chance {image}
Great trade !

I took 35 out of the same move trading off my phone, wasn't near a computer
  • #43,778
  • Nov 13, 2014 4:24am Nov 13, 2014 4:24am
+50 on EA H1

Just look at those LO candles.... Once the direction is confirmed, its like candy from a baby

Looks like price will fall further still but I'm happy with 50 for today
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB
Focus on the process and the profits will follow
  • #43,779
  • Nov 13, 2014 4:39am Nov 13, 2014 4:39am
hi ballistical,

would u be kind enough to share the green and blue rectangle indicator...will be much appreciated.

Rggards
  • #43,780
  • Nov 13, 2014 5:15am Nov 13, 2014 5:15am
Quoting Curious_Boy
I'm trading 4H TF. It's my entry on AU. (Pic 1) Enter: 2nd candle with TDI cross. I have a question which would like clarification from seniors concerning Big E's candle counting. In my mind, candle 1/2/3 means the candle numbering since color change of candles, is that right? For example, suppose there is a situation that the candles turns from blue to red for 3 candles, only the 4th red candle is accompanied with TDI - crossing. Is that correct the candle with TDI crossing is #4 candle, not #1? Also i would like to ask for seniors' opinion concerning...
The Au trade was against the D1 tdi which although some people don't like to look at the higher timeframe, you will find a lot of false signals are eliminated that way.

With regard to the candle count, yes you are correct, eelfranz always said that a move will be an average of 3-8 candles of the same colour so to keep the odds in your favour it is better to get in earlier than later.

As far as support/resistance go if on h4 I don't look at daily s/r I look at weekly and monthly.
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