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Trading Made Simple

  • #47,341
  • Dec 19, 2014 1:53am Dec 19, 2014 1:53am
Morning Likcia,

According to your rules do you this as a valid setup, if PA closes towards the hourly high and LO breaks FO candle. I also see bullish div, but this would be against y'day bearish bar so only looking for 30 pips.

Or would it be best to wait for a reversal and get into that as this would be too risky

appreciate your comments

I also see GU a potential buy if we see a breakout of the consolidation box its currently in
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  • #47,342
  • Dec 19, 2014 1:55am Dec 19, 2014 1:55am
Quoting mk5
{quote} looks like a double top forming at 1H
[AChf 1H] I dont like it myself... mainly cause of PA... but you never know....

Watching AJ 1H/4H...
  • #47,343
  • Dec 19, 2014 1:59am Dec 19, 2014 1:59am
Quoting griffinssoul
{quote} [AChf 1H] I dont like it myself... mainly cause of PA... but you never know....
oo. well. i only focus more on eu and uj.
  • #47,344
  • Dec 19, 2014 2:03am Dec 19, 2014 2:03am
Quoting griffinssoul
{quote} Thats what I did yesterday - took EA & GA for 30 each - watching PA very closely - there were about six trades i spotted @ LO but took the two best as i saw it - they all would have given some green pips actually (b/w 30-50). Forget about pips for the moment - you can tell a great trader by the way they handle bad situations and you are a great trader my friend
Thank you my friend for the support

Good luck on your trade
Sad i'm not trying to understand PA
  • #47,345
  • Dec 19, 2014 2:05am Dec 19, 2014 2:05am
Quoting mk5
{quote} oo. well. i only focus more on eu and uj.
Ummm... staying away from EU... like its got the plague and UJ a bit of mixed signals there...
  • #47,346
  • Dec 19, 2014 2:07am Dec 19, 2014 2:07am
Quoting griffinssoul
{quote} [AChf 1H] I dont like it myself... mainly cause of PA... but you never know.... Watching AJ 1H/4H...

I'm not seeing anything that I like for a trend trade. Think I'll get some sleep tonight and come back at NYO.

  • #47,347
  • Dec 19, 2014 2:09am Dec 19, 2014 2:09am
Quoting sknight1
{quote} I'm not seeing anything that I like for a trend trade. Think I'll get some sleep tonight and come back at NYO.
Good call sknight1 - its near frozen or this is the Asian session and i am in a timewarp thing....
  • #47,348
  • Dec 19, 2014 2:10am Dec 19, 2014 2:10am
Quoting griffinssoul
{quote} Good call sknight1 - its near frozen or this is the Asian session and i am in a timewarp thing....
, think I'm going to call it a night soon
  • #47,349
  • Dec 19, 2014 2:19am Dec 19, 2014 2:19am
Quoting griffinssoul
{quote} Good call sknight1 - its near frozen or this is the Asian session and i am in a timewarp thing....

Yeah, nothing here for me. This is just one example, easier to see on a 30M EA chart.... price is ranging. Until it breaks out of the gray box, retouches and continues in the same direction, there's not a lot to do. I'm seeing this same thing on several pairs.

Off to sleep.
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  • #47,350
  • Dec 19, 2014 2:22am Dec 19, 2014 2:22am
Quoting emmanuel7788
{quote} Hi, those objects on your charts looks like they were left there by your m15-sonic SHIChannel MTF. use this script to delele the objects name "shiMTF" on those charts. this is a script to copy this to your MT4 folder MQL4/scripts/ folder, then simply select and drag and drop onto the chart. my question is why do you set the SHI channel to M15 and have that on your H1 or H4 charts? to use this SHI channel, you should be setting that to H4 TF and see the channel on lower TF like H1 to trade intraday. regards, {file}
Thanks a lot Em ....
The indicator did not work ... Not sure why ....
But took your other advice ... Re installed SHI channel on 4H, all over ... It is perfect as far as circles near the window separator ...
What are these now? .... again circled one's?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 40 KB
Click to Enlarge Name: GBPJPYH1.png Size: 39 KB
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  • #47,351
  • Dec 19, 2014 2:29am Dec 19, 2014 2:29am
Quoting griffinssoul
{quote} Ummm... staying away from EU... like its got the plague and UJ a bit of mixed signals there...
EU looks good actually. depending how LO closes that is. but it might continues downward, wont expect a lot of pips, but im seeing downward
Daniel
  • #47,352
  • Dec 19, 2014 2:32am Dec 19, 2014 2:32am
Quoting Greenb
{quote} EU looks good actually. depending how LO closes that is. but it might continues downward, wont expect a lot of pips, but im seeing downward

Uh.... it's right up against daily / weekly / monthly support.....?????
  • #47,353
  • Dec 19, 2014 2:32am Dec 19, 2014 2:32am
Quoting sknight1
{quote} That is absolutely amazing. I've been at this for two years and still come up empty handed month to month. Keep raking in the pips buddy !!!!
I'm sorry dont take this the wrong way but: Why?
  • #47,354
  • Dec 19, 2014 2:34am Dec 19, 2014 2:34am
Quoting wnabo
{quote} I'm sorry dont take this the wrong way but: Why?

Because I suck.
  • #47,355
  • Dec 19, 2014 2:44am Dec 19, 2014 2:44am
Quoting adikashyap
{quote} Thanks a lot Em .... The indicator did not work ... Not sure why .... But took your other advice ... Re installed SHI channel on 4H, all over ... It is perfect as far as circles near the window separator ... What are these now? .... again circled one's? {image} {image} {image}
The circles come onto the chart to show a break of the trendline for the timeframe they are set for.
  • #47,356
  • Dec 19, 2014 2:52am Dec 19, 2014 2:52am
Dont believe that but maintaining apositive cheerful attitude is the way to go. I'm sure your next year will be much better.
  • #47,357
  • Dec 19, 2014 2:54am Dec 19, 2014 2:54am
Quoting lastingwell
{quote} The circles come onto the chart to show a break of the trendline for the timeframe they are set for.
Thanks LW ... But I do not have any trendine in my Indi's .......... any how ... i'm giving up on this ...
Better to worry on analysis and counting pips as you do ....
  • #47,358
  • Dec 19, 2014 2:56am Dec 19, 2014 2:56am
Quoting sknight1
{quote} Uh.... it's right up against daily / weekly / monthly support.....?????

3rd time the charm? when i was looking at h1 it was going strong southward. it really depends on how it close. but it looks like its going to stay ranging still.
Daniel
  • #47,359
  • Dec 19, 2014 3:09am Dec 19, 2014 3:09am
hello
anyone can help me, change this Trendline indicator

I want this indicator just show 10 Candle, not all candle show this indicator
anyone can help me,please?

thanks so much~
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot13.png Size: 5 KB
Attached File(s)
File Type: ex4 !Symphonie_Trendline_Indikator.ex4   8 KB | 353 downloads
File Type: mq4 !Symphonie_Trendline_Indikator.mq4   3 KB | 420 downloads
  • #47,360
  • Dec 19, 2014 3:11am Dec 19, 2014 3:11am
Quoting MrAussieFX
{quote} I may be wrong but 1. You buy or sell at D (Aggressive trading) 2. You wait for PA to break B and then Buy or Sell (Conservative Trading) Please correct me if I'm wrong. Kindest Regards
Hi,

this is what I Know
Aggressive way: Buy or Sell at market or buy/sell stop in Daily when Daily candle closes
Conservative way: wait during the next day a retrace (in H1 or H4) against the previous daily candle and only when retracement finishes you are sure you can trade according the previous daily candle. In this way you have a better R:R. Or use the limit orders (set and forget) settled the day before. In this way you have a better R:R but you can loose the trade in case of no retracement.

P.S. I'm not in profit so mine are just toughts:-)
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