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Trading Made Simple

  • #46,521
  • Dec 12, 2014 12:48am Dec 12, 2014 12:48am
Quoting griffinssoul
{quote} Massive div on the 4H - could be a nice 1H bounce trade - counter-trend. Its a measured move on the D1 about to hit strong W1 support... this is the typical type of trade SJ would ride for 300... lol Hmmm... LO watchlist...
How do you trade the LO? Do you wait for the first hr candle to close?
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,522
  • Dec 12, 2014 12:49am Dec 12, 2014 12:49am
Quoting likica
{quote} hi Sknight1, Just got back home, GA and Ej look OK to me. GCAD m not sure since I dont see a sign of bear yet (price still stepping up, no pin bar, no resistant, ADR too small (choppy)...blah blah...) well not so attractive... you tell me the reason you got in then...

I took them for the crosses down on the 1H trading time frame, and the corresponding stepping down of the higher time frame.
  • #46,523
  • Edited 1:05am Dec 12, 2014 12:51am | Edited 1:05am
I had a quick scan, seeing GA, EA, GJ, EJ potential shorts....on M30/H1
Nah, dont like counting 5th or 6th APB same color on EA, GA H1, they might drop a bit more then resume up to the main trend. well, need FO/LO come to decide. no trade right now
Appreciation is the key to wealth and happiness
  • #46,524
  • Dec 12, 2014 12:52am Dec 12, 2014 12:52am
Quoting nods80
{quote} How do you trade the LO? Do you wait for the first hr candle to close?
I watch PA 30M before for clues... sometimes its before, during or after - mixed bag really... I guess it all comes down to the TMS signal - cant make a trade without it...
  • #46,525
  • Dec 12, 2014 12:53am Dec 12, 2014 12:53am
Quoting nods80
{quote} sknight I have learned loads from your trades. Maybe just take a step back to refocus.
Thanks for the compliment nods80. I don't feel as though I've offered all that much but, I appreciate it anyway.
  • #46,526
  • Dec 12, 2014 12:53am Dec 12, 2014 12:53am
Quoting likica
I had a quick scan, seeing GA, EA, GJ, EJ potential shorts....on M30/H1
Thanks likica - I keep forgetting you trade the 30M....
  • #46,527
  • Dec 12, 2014 12:54am Dec 12, 2014 12:54am
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  • #46,528
  • Dec 12, 2014 1:08am Dec 12, 2014 1:08am
Quoting griffinssoul
{quote} Thanks likica - I keep forgetting you trade the 30M....
I do enter on M30 but always check H1 & H4 (need counting APB things and watch out S/R to stretch)
Appreciation is the key to wealth and happiness
  • #46,529
  • Dec 12, 2014 1:09am Dec 12, 2014 1:09am
Quoting likica
I had a quick scan, seeing GA, EA, GJ, EJ potential shorts....on M30/H1 Nah, dont like counting 5th or 6th APB same color on EA, GA H1, they might drop a bit more then resume up to the main trend. well, need FO/LO come to decide. no trade right now

I entered on the first candle that made the cross on the 1h.... not the 5th or 6th.
  • #46,530
  • Dec 12, 2014 1:14am Dec 12, 2014 1:14am
Quoting sknight1
{quote} I entered on the first candle that made the cross on the 1h.... not the 5th or 6th.
sorry to confuse you, dont worry about what you are already on, manage them well from S/R.
I m talking about what is going to happen from this moment on ( I was not at my desk before that)
Appreciation is the key to wealth and happiness
  • #46,531
  • Dec 12, 2014 1:23am Dec 12, 2014 1:23am
Quoting likica
{quote} sorry to confuse you, dont worry about what you are already on, manage them well from S/R. I m talking about what is going to happen from this moment on ( I was not at my desk before that)
i see the potential for GA and EA to head back to long
AU possible short. GU i have no idea, might break high might break low...consolidating atm
can;t say anything about yen crosses, no indication yet


Greenb
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Daniel
  • #46,532
  • Dec 12, 2014 1:26am Dec 12, 2014 1:26am
Quoting lastingwell
{quote} You have a perfectly good understanding of the market, one of the reasons you are losing money is because you have your stop losses too tight.....because of the money you've lost in the past, only you can change your outlook on that. I'm sure wdays won't mind me using him as an example of how you can turn things around very easily with just a few adjustments to how you both look at yourself and the market. Look at wdays posts just a short while ago, October this year to be exact: {quote} {quote} Now look at his posts, full of confidence...
When you pile up winners it gets easier to cope. Of course you can always slip unfortunately, but knowing that a lot can happen in an hour bar let alone 4 hours, you should allow a lot of room for your trades to breathe... I've had hourly candles be at -20 and close at +30, just goes to show...
  • #46,533
  • Dec 12, 2014 1:35am Dec 12, 2014 1:35am
hi Likica

how does this EA buy signal look??? pin bar is seen before the signal candle...it is small though...

Please do advice
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  • #46,534
  • Dec 12, 2014 1:43am Dec 12, 2014 1:43am
Quoting dennis4u15
hi Likica how does this EA buy signal look??? pin bar is seen before the signal candle...it is small though... Please do advice {image}
I m waiting for a long too (from this moment on), need completed candle to tell...hummm your apb look more convincing than mine, good thing is it s at support
Appreciation is the key to wealth and happiness
  • #46,535
  • Dec 12, 2014 1:44am Dec 12, 2014 1:44am
Quoting griffinssoul
{quote} Thanks likica - I keep forgetting you trade the 30M....
I have been demoing using the 30min in my strategy and his been working really well when in sync with 1hr and 4hr. Kudos to likica.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,536
  • Dec 12, 2014 2:00am Dec 12, 2014 2:00am
Hi Likica,

Do check your inbox...I looked at the EA 4hr time frame and TDI is going in the opposite direction..Hmmm may be not a good setup to take on 30mins right??

What do u think??
  • #46,537
  • Dec 12, 2014 2:13am Dec 12, 2014 2:13am
Quoting dennis4u15
Hi Likica, Do check your inbox...I looked at the EA 4hr time frame and TDI is going in the opposite direction..Hmmm may be not a good setup to take on 30mins right?? What do u think??
iI'm waiting for it to clear the guppys on 30min and pac on 1hr. If it breaks 1 of the red dotted lines I might jump in. Bit congested in my view at the mo.

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Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,538
  • Dec 12, 2014 2:35am Dec 12, 2014 2:35am
After a horrible week of fakeouts and dumb trades and about 40 pips in losses, I may be looking at a large TP on GJ... b/e locked, target is 100% atr projection (~140 pips) because price moved so fast in the first hour of LO.
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  • #46,539
  • Dec 12, 2014 2:42am Dec 12, 2014 2:42am
Quoting dennis4u15
Hi Likica, Do check your inbox...I looked at the EA 4hr time frame and TDI is going in the opposite direction..Hmmm may be not a good setup to take on 30mins right?? What do u think??
not in EA long, candle too small to be qualified (my view only) . sorry I m busy and will reply your PM later. Happy trading and stay focus.

Edit: wait for H1 confirm TDI. Cheers
Appreciation is the key to wealth and happiness
  • #46,540
  • Dec 12, 2014 2:57am Dec 12, 2014 2:57am
First time ... In 3 years of Trading history ...
4th consecutive 50+ trades ... 1st trade is locked in profit ... 2nd trade SL at same value as 1st one ...
Any comments / advice / Critic?
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