L14myj,
Let me give you an example of what I'm talking about.
Study the aud/usd chart.
Let me give you an example of what I'm talking about.
Study the aud/usd chart.
Trading Made Simple the right way, and other trading lessons 332 replies
Monitor for 'Trading Made Simple' system 563 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
Disliked{quote} Dear LW, How is it going? Would you have a look at this trade I took a week ago & explain what was wrong with it that caused my SL getting hit? Yours {image}Ignored
Disliked{quote} That was 14th Nov at 13:00GMT By the way, the candles are price bars not HA's. Do you believe in the rule of entry within the first 2-3 bars of color change of HAs? Looking forwardIgnored
Dislikedupdate after FOMC....totally forgotten about this in response i lost my position on UJ right after the news comes out, shoot down pass my sl and got me to -1 pips and now it's moving back in its original position...Ignored
Disliked{quote} I woke up early to top up my water tank and thought might as well watch the FOMC candles. EURUSD hit 1.2600!Ignored
Disliked{quote} Thanks Emmanuel. It helps. I finally have been convienced by many gurus here and now I am migrating to 4H trading....Ignored
Disliked{quote} That was 14th Nov at 13:00GMT By the way, the candles are price bars not HA's. Do you believe in the rule of entry within the first 2-3 bars of color change of HAs? Looking forwardIgnored
Disliked{quote} Hiespark, No, no, no.... please dont go the H4 just yet. The smart money will set you up there too. Go higher! Go all the way up to Monthly, then look down from there. Look at Weekly, then Daily. Use a 'bullet proof' money management strategy to play alongside trhe smart money. This is one way (but not the only way) to grow wealth. You have a day job, well that pay the bills. regards,Ignored
Disliked{quote}Yes do that heispark and you will find out why some people take 10,000 hours staring at something to have a good grasp of whether price is going to go up or down.Ignored
Disliked{quote}Ok I see it now thank you and yes I only take the 1st or 2nd HA unless I'm trading a bounce. If you look at the H4 chart (no need to go any higher than that) you will see why you shouldn't have gone in. I don't check the daily for setups when I'm trading the H1 chart, I look to the h4 only. If I'm trading h4 I look at the daily and if I'm trading the daily I look at the weekly.Ignored
Disliked{quote}Yes do that heispark and you will find out why some people take 10,000 hours staring at something to have a good grasp of whether price is going to go up or down.Ignored
Disliked{quote} Hi Kouroushi, My answer to your H1 trade is you did not follow a top down approach when you trade. When trading H1, you start the day by 1) Look at the D1 chart, see what the previous days price bar and APB/HA price action were. 2) Then look at H4 chart at that hour when you want to take any trade entry, this must be following the same price action and TDI of the D1 chart in 1) above. 3) Then you look for the continuation of the both the D1 and H4. Do not trade against the HTF. 4) Timing your trade entry on H1 chart. When we want pick the...Ignored
Disliked{quote} Ok thanks But more precisely you look at the overall trend (PA) in H4 or simply the color of the last H4 candle?Ignored
Disliked{quote}Yes do that heispark and you will find out why some people take 10,000 hours staring at something to have a good grasp of whether price is going to go up or down.Ignored