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Trading Made Simple

  • #50,061
  • Jan 15, 2015 8:57pm Jan 15, 2015 8:57pm
Quoting griffinssoul
{quote} So you look for a set candle pattern on a given TF? Do share

Tisk, tisk.... you know better than to ask something like that.

Seriously tho, I'm literally just trading PA at S&R levels.... regardless of the time frame. There are certain candle patterns that stand out more clearly to my eye but, that is an individual thing. It's something one has to back test to see what works for you. I've got it down to the point of being able to see what i'm looking for even on a 1M / 5M chart.

"Trade what YOU see."

  • #50,062
  • Jan 15, 2015 8:59pm Jan 15, 2015 8:59pm
Quoting sknight1
{quote} Tisk, tisk.... you know better than to ask something like that.
... i bet you would tell Tom Cruise ....
  • #50,063
  • Jan 15, 2015 9:00pm Jan 15, 2015 9:00pm
Quoting griffinssoul
{quote} ... i bet you would tell Tom Cruise ....

Not even Tommy-boy could get me to divulge my secrets.
  • #50,064
  • Jan 15, 2015 9:20pm Jan 15, 2015 9:20pm
Quoting sknight1
{quote} Not even Tommy-boy could get me to divulge my secrets.
Would you rather tell Nicole Kidman instead?
Appreciation is the key to wealth and happiness
  • #50,065
  • Jan 15, 2015 9:23pm Jan 15, 2015 9:23pm
Quoting likica
{quote} Would you rather tell Nicko Kidman instead?

  • #50,066
  • Jan 15, 2015 9:31pm Jan 15, 2015 9:31pm
Quoting emmanuel7788
Take another red pill.... The rabbit hole is deeper than we all read in reports... News published in forum calendars are history by the time they are stated for release. Even when we know that there is news release, what can we do being small retail traders.
Emmanuel,

After watching cnbc (business tv news) all day. The next big news
is 1-21-2015 where the Central Euro Bank is making a special announcement
on more quantitative easing.

Institutions might be resetting their positions due to the fundamental news.
Their could be a great opportunity here, but we need to be careful!
They are looking for euro weakness & strength in the US Dollar.

We don't trade off of news...but it's always good to be aware of what
the institutions are thinking...so take another "red pill" and let's see
where the rabbit hole takes us

sj
  • #50,067
  • Jan 15, 2015 9:34pm Jan 15, 2015 9:34pm
.

Just received an email from Oanda...

---------------------------

Early on January 15, 2015, the Swiss National Bank (SNB) sent global financial markets into turmoil with a surprise move to eliminate its three-year-old cap on the franc (CHF).

In the wake of this unprecedented market event, OANDA demonstrated its ongoing commitment to doing right by its clients. Despite suffering losses and vanishing liquidity in the institutional hedging market, OANDA remained true to its 14-year legacy of transparency, integrity and fairness to our clients. OANDA did not re-quote or amend any CHF cross client trades. We even took the further step of forgiving all negative client balances that were caused when clients could not close out their positions fast enough (where permitted by regulations).

As a very well capitalized broker, we are proud to report that it is business as usual at OANDA: client trading, deposits and withdrawals are processing normally.

OANDA is proud of its strong reputation for fairness and integrity. We thank our customers for their continued loyalty and welcome new traders who want to experience outstanding service and execution.

Specific questions about individual fxTrade accounts will be addressed by our Client Experience team via http://www.oanda.com/corp/contact/.

Thank you for trading with OANDA,

https://snt152.mail.live.com/Handler...-signature.jpg

Ed
President and CEO, OANDA Corporation
  • #50,068
  • Jan 15, 2015 9:39pm Jan 15, 2015 9:39pm
Quoting sknight1
Here's a 100 pip total between three jpy pairs tonight. Just closed and cleared profit. {image}
your pairs seem to turn the other way around now...
Appreciation is the key to wealth and happiness
  • #50,069
  • Jan 15, 2015 9:48pm Jan 15, 2015 9:48pm
Quoting likica
{quote} your pairs seem to turn the other way around now...

I think that's typical for the Asian session, unless there's a news event to drive PA. I've learned to keep my targets tighter during the Asian session.
  • #50,070
  • Jan 15, 2015 9:53pm Jan 15, 2015 9:53pm
Quoting sknight1
{quote} I think that's typical for the Asian session, unless there's a news event to drive PA. I've learned to keep my targets tighter during the Asian session.
good point
Appreciation is the key to wealth and happiness
  • #50,071
  • Jan 15, 2015 10:04pm Jan 15, 2015 10:04pm
Re: Oanda
I'm sure the 200 pip spread didn't hurt them too much shortly after making Chf pairs available for trading
  • #50,072
  • Jan 15, 2015 10:19pm Jan 15, 2015 10:19pm
Quoting emmanuel7788
{quote} {image} Excellent trade! I like that NO Trade Zone you marked. But there is a Master Candle to the left, you can use that MC to identify NO Trade Zone until the PA breaks out of that MC. For D charts traders, the PASR setup was a D Pin Bar at 200EMA and BRN 1.4500 on 14 Jan was the setup. H4 was also a Master Candle at 1.4500. Combining these HTF trade setup and on what we see on H1, that was a high probability A+++ trade.
hi emmanuel,

why my tdi different than you? help please

this is my tdi

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  • #50,073
  • Jan 15, 2015 10:27pm Jan 15, 2015 10:27pm
i m in this NJ long (1st time trying this pair), seeing long wick apb rejected at YL, price is stepping up, tdi angle turning up, looks at bit messy
added: most of XJ's r up....
Attached Image (click to enlarge)
Click to Enlarge Name: 16.1.15 NJ H1 long @3.18pm aedt 3up.png Size: 53 KB
Appreciation is the key to wealth and happiness
  • #50,074
  • Jan 15, 2015 10:51pm Jan 15, 2015 10:51pm
down target for GA before reversal ??
Attached Image (click to enlarge)
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only 100 pips / week
  • #50,075
  • Jan 16, 2015 12:04am Jan 16, 2015 12:04am
Quoting snarlyjack
{quote} Emmanuel, After watching cnbc (business tv news) all day. The next big news is 1-21-2015 where the Central Euro Bank is making a special announcement on more quantitative easing. Institutions might be resetting their positions due to the fundamental news. Their could be a great opportunity here, but we need to be careful! They are looking for euro weakness & strength in the US Dollar. We don't trade off of news...but it's always good to be aware of what the institutions are thinking...so take another "red pill" and let's see where the rabbit...

Hi SJ,

yes, that ECB decision can be the next big mover but not so severe as SNB'.
Next week is also BoJ's action.
The other news we don't see in calendar is CNY revaluation by BoC. Anybody' guess.

Like you, when we trade H4 and D charts we are not bothered by news. Watching the real price and what the APB candles show us is safe for TMS position traders.

On D charts, every candle has news in it.
When trading H4 chart, there are 6 candles and every candle has news in it. Simply do not open a new trade when that setup candle is a news candle.

Intraday trading on H1 and lower TF is where the stress factor is much bigger.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,076
  • Jan 16, 2015 12:08am Jan 16, 2015 12:08am
Quoting Ballistical
{quote} Thanks for sharing Wyley, 100% agree with you that its worth putting the time into TMS. I too started over at Babypips to learn the basics and then got stuck into learning from the seniors in this thread. Struggled for a long time on the 4Hr but recently dropped to the 1Hr and it seems to be slowly piecing together. See my myfxbook output of the last few weeks below. Should probably add that I am only on demo account at the moment and not paying any attention to lot sizes at this stage so it is purely the pip count I am showing. You'll notice...
AWESOME trading!! I basically trade the 1hr as well, with 4 hr confirmation, just my preference since I didnt do so well just on the 4hr, plus I usually only trade LO to around 4am my time, which equates to 2-3 hours screen time.
  • #50,077
  • Jan 16, 2015 12:11am Jan 16, 2015 12:11am
Quoting brekz1
{quote} hi emmanuel, why my tdi different than you? help please this is my tdi {image}

Hi brekz1,

I suggest you use the Synergy_Pro_TDI and also the Synergy_Pro_APB which has a PAC build in it.
You find these two indicators posted by other members in the attachments.
Set up your chart with these and save them as your own template. Then post one chart and lets see.

Note: the Synergy_Pro_TDI respond to price volatility with more weight place more on the close price, hence the angle of the PL Green line is less significant. It is the PA we see with the APB and the real price bar (use Bar Chart in background to the APB) - High, Low and Close which is more important to pay attention to.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,078
  • Jan 16, 2015 12:29am Jan 16, 2015 12:29am
Quoting likica
i m in this NJ long (1st time trying this pair), seeing long wick apb rejected at YL, price is stepping up, tdi angle turning up, looks at bit messy added: most of XJ's r up.... {image}
...that angle on the 30M just said 'buy me', buy me now ... LOL!!!

Who wants to guess whats gonna happen LO? Normally you would call break-out... ?
  • #50,079
  • Jan 16, 2015 12:44am Jan 16, 2015 12:44am
Quoting emmanuel7788
{quote} Hi brekz1, I suggest you use the Synergy_Pro_TDI and also the Synergy_Pro_APB which has a PAC build in it. You find these two indicators posted by other members in the attachments. Set up your chart with these and save them as your own template. Then post one chart and lets see. Note: the Synergy_Pro_TDI respond to price volatility with more weight place more on the close price, hence the angle of the PL Green line is less significant. It is the PA we see with the APB and the real price bar (use Bar Chart in background to the APB) - High,...
hi,

now im using synergy pro APB and synergy pro tdi from snarlyjack paperclip

and this the chart EU H1, still not same as you, help please..

Attached Image (click to enlarge)
Click to Enlarge Name: 4.JPG Size: 84 KB
  • #50,080
  • Jan 16, 2015 12:52am Jan 16, 2015 12:52am
Quoting brekz1
{quote} hi, now im using synergy pro APB and synergy pro tdi from snarlyjack paperclip and this the chart EU H1, still not same as you, help please.. {image}
http://www.forexfactory.com/attachme...1&d=1421390683

my chart below with same two indicators.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H1 16 Jan.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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