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Trading Made Simple

  • #48,901
  • Jan 7, 2015 6:59am Jan 7, 2015 6:59am
Thanks Wyley i exited for 40 pips as it struggled a bit around prev swing so was happy with that, glad to see i wan't on my own
  • #48,902
  • Jan 7, 2015 7:02am Jan 7, 2015 7:02am
Quoting streetcry
Thanks Wyley i exited for 40 pips as it struggled a bit around prev swing so was happy with that, glad to see i wan't on my own
Its a nice feeling when someone else is seeing the exact same thing!
  • #48,903
  • Jan 7, 2015 7:02am Jan 7, 2015 7:02am
Quoting birdnest
This looks like a GO to me! All TFs scream YES with a nice angle... {image}

Hi birdnest;

You need to be aware of Market Structure is the Longer Term Trend Bullish or Bearish?

In this the case the Longer Term Trend is Bearish so we need to be looking for Bullish Pullbacks in the Longer Term Bearish Trend.

It's during these Pullbacks that we need to be looking for Trade setups that get us into Trades that are in line with the Longer Term Bearish Trend.

I hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: 7th Jan 15 AUD:JPY H1 Chart.png Size: 328 KB
  • #48,904
  • Jan 7, 2015 7:10am Jan 7, 2015 7:10am
Quoting stevepatt
{quote} Hi birdnest; You need to be aware of Market Structure is the Longer Term Trend Bullish or Bearish? In this the case the Longer Term Trend is Bearish so we need to be looking for Bullish Pullbacks in the Longer Term Bearish Trend. It's during these Pullbacks that we need to be looking for Trade setups that get us into Trades in line with the Longer Term Trend. I hope this helps. {image}

Hi Stevepatt,

Thanks for your explanation, it really helps. No wonder I am not getting it, I did not understand on the bullish pullback on the bearish momentum. I will study the charts again.

Btw, what is MRAH?
  • #48,905
  • Jan 7, 2015 7:15am Jan 7, 2015 7:15am
Quoting birdnest
{quote} Hi Stevepatt, Thanks for your explanation, it really helps. No wonder I am not getting it, I did not understand on the bullish pullback on the bearish momentum. I will study the charts again. Btw, what is MRAH?
Hi birdnest;

MRAH means Most Recent Active High it's the last proven Bullish Swing Point on the H1 TF.
  • #48,906
  • Jan 7, 2015 7:28am Jan 7, 2015 7:28am
In two trades. EUR/Cad and AUD/USD Finally some pips
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 132 KB
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,907
  • Jan 7, 2015 8:08am Jan 7, 2015 8:08am
Quoting snarlyjack
{quote} Thanks Msis, I appreciate that! How is the "grinding" going? If you need any help be sure to ask & we will help any way we can sj
So far 8 SL / 3 BE /0 TP

I cant figure out why, I do what I have read in BigE pdf, but still no clear picture.
There is no spoon....
  • #48,908
  • Jan 7, 2015 8:10am Jan 7, 2015 8:10am
Thanks!

Actually trading in H4, there seem to have less action-packed signals as compared to H1 and the lower TFs. It seems to me now that there is a lot more waiting/patience involved to wait for the perfect setup in H4 but when a setup occurs, the profits run deep.
  • #48,909
  • Jan 7, 2015 8:18am Jan 7, 2015 8:18am
Dan78,

I just read on the internet that their was an
attack in Paris. Keep your head down & be safe!
Another terror attack. Were praying for all of you!
sj
  • #48,910
  • Jan 7, 2015 8:18am Jan 7, 2015 8:18am
My only trade of the day scalped +11 pips on the 1H, prob due to lack of experience I could not see any other set ups that were not risky - If in doubt stay out !
on the upside put a sell on eur usd last at night at 11.30pm gmt in the Asian session and went to bed, woke up this morning to +45 pips
Attached Image (click to enlarge)
Click to Enlarge Name: trade today.png Size: 41 KB
  • #48,911
  • Jan 7, 2015 8:22am Jan 7, 2015 8:22am
Quoting Msis125125
{quote} So far 8 SL / 3 BE /0 TP I cant figure out why, I do what I have read in BigE pdf, but still no clear picture.
Msis,

It takes some time to get dialed in...
Their are some excellent traders in here who
can get you going pretty fast.

Why don't you post a chart so we can see
what your looking at...

sj
  • #48,912
  • Jan 7, 2015 8:27am Jan 7, 2015 8:27am
Quoting stevepatt
{quote} Hi birdnest; MRAH means Most Recent Active High it's the last proven Bullish Swing Point on the H1 TF.
Hi Steeve,
Have been studying your various posts & Threads ....
Your charts do speak and convey a lot .... Naked ... Truthful of the structure ...
Not that I have understood all that you have written ... but after repeating few times, I would not be wrong in saying, I'm getting the heck ..
Thanks buddy ... Plz do hang around here with more explanatory charts ...
  • #48,913
  • Jan 7, 2015 8:30am Jan 7, 2015 8:30am
Quoting streetcry
Hi All, First post here so please go easy. I am moving away from scalping to something a bit less frenetic. I like the 1hr TF at LO and this year am geared to trading this way. I don't require a ridiculous amount of pips 30-50 a week is more than adequate and so am trying to pick solid entries with trend. Took this trade this AM for following reasons. Moving nicely south, retrace to prev dbl bottom and retest, TDI cross on 50 line, entry innitiated at break away from BRN. If any members have time to pass comment i will be very grateful. {image}
Streetcry,
(I like your user name!)

Welcome to Tms.
Their are some great traders here who can help you!
Looks good so far...
sj
  • #48,914
  • Jan 7, 2015 8:33am Jan 7, 2015 8:33am
Quoting Next4467
{quote} Nice trading Likica, your an inspiration. I managed 30 pips on EA for my 2nd trade this year. {image}
Next,

Welcome to Tms.
Your chart looks really good.
It just takes a little time to get dialed in...
Welcome.
sj
  • #48,915
  • Jan 7, 2015 8:36am Jan 7, 2015 8:36am
Quoting likica
Oil s shooting up for something lucky me done with my +45green from the short earlier {image}
Likica,

Your a way better short term trader than I am!
Way to go...that is such a pretty chart
sj
  • #48,916
  • Jan 7, 2015 8:43am Jan 7, 2015 8:43am
Quoting shabba
To snarlyjack, You suggested to read all of you posts from middle of 10.2014.....and I have read most of the posts/pages from page 2100 to 2200 and i have learned the following (ofc i need to practice): - entry levels - exit levels - trading hours ( you said there, that you trade 4h and daily, bc london is opening at 1am local time, but i live in Europe and can trade london as it opens, its 10AM my time i'm gmt +2) . Should i trade 1 hour also ? - always check h4 and daily when i trade h1 - if divergent charts always "trust" bigger chart h1<h4<D........
Shabba,

Your on your way...
If I were you (knowing where you live) I would trade
the L/O. Put your stop loss on the high/low of the swing
1 or 2 candles back. Not sure what you mean about volume's?
All the major's have lot's of volume...

As a brand new trader I would use the guppy's (ema/close)
30,35,40,45,50,55,60. this will help you adjust your eye's
to exactly what were looking for in the trend & retracements.
sj
  • #48,917
  • Jan 7, 2015 8:45am Jan 7, 2015 8:45am
Quoting mch1970
{quote} Thanks SJ for your welcoming comments. Found this set up in EA 1hr - slightly late on entry, but currently +30 pips. Still plenty of ADR range possible today, so will let it run and see if makes the lower support given by the Auto pivot weekly indicator. {image}
Mch,

Your chart is perfect!
See if the apb,s hit your bottom s/r level
just for fun & giggle's...
sj
  • #48,918
  • Jan 7, 2015 8:46am Jan 7, 2015 8:46am
Quoting birdnest
Thanks! Actually trading in H4, there seem to have less action-packed signals as compared to H1 and the lower TFs. It seems to me now that there is a lot more waiting/patience involved to wait for the perfect setup in H4 but when a setup occurs, the profits run deep.
Yes that is correct, at the moment I am only checking 4H chart. You need to be patient but I notice I am not checking the charts all the time, leaves me enough time for other things!

I took this 4H trade yesterday AUDUSD, went to bed; woke up +26pips, closed trade when I went to work.
Attached Image
  • #48,919
  • Jan 7, 2015 8:48am Jan 7, 2015 8:48am
Quoting sknight1
{quote} I thought you were watching a movie ???
yes I have been watching..., hopping in and out to see my green pips
by the way, +50 green from EU short on H1 with trend (entered around same time with EA trade, but EU took longer to deliver green pips due to longer distant )
Attached Image (click to enlarge)
Click to Enlarge Name: 7.1.15 EU H1 short @9.35pm aedt, PT filled at USCash +51.png Size: 54 KB
Appreciation is the key to wealth and happiness
  • #48,920
  • Jan 7, 2015 8:48am Jan 7, 2015 8:48am
Quoting Ballistical
{quote} Thanks hrflynn, I'm glad they helped you. I'm currently working on some similar ones for Phx62's chart examples. For anyone that wants to check out the files I've shared them again below. Its certainly an eye opener seeing how Big E developed, refined and traded this system. Thanks. Ballistical {image} {image}
Ballistical,

I know that this is a lot of work but thank you
for putting these together
That is excellent!
sj
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