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Trading Made Simple

  • #50,661
  • Jan 21, 2015 7:38am Jan 21, 2015 7:38am
Quoting snarlyjack
Good morning everyone, (it's 6:20a.m. my time) It's N/Y open... A lot of news coming out tomorrow that could cause the institutions to reset the trend on some pairs. My plan is to close out all my trades today & go into tomorrow flat in the market. Then reset my trades from their. So be careful the next day or two... sj
Thank you for sharing your plan.

Is anybody going to leave an EUR position open on the weekend (due greek elections)? I'm going to close everything on Friday, and perhaps on friday I scalp on the 30M - 1H, nothing more. Am I being too conservative? The greek thing could be huge, for better or for worse
Had to be me. Someone else might have gotten it wrong.
  • #50,662
  • Jan 21, 2015 7:39am Jan 21, 2015 7:39am
Quoting mordin
{quote} Thank you for sharing your plan. Is anybody going to leave an EUR position open on the weekend (due greek elections)? I'm going to close everything on Friday, and perhaps on friday I scalp on the 30M - 1H, nothing more. Am I being too conservative? The greek thing could be huge, for better or for worse
I won't be trading any euro pairs, the chances of being caught in a trap are too great IMO
  • #50,663
  • Jan 21, 2015 7:50am Jan 21, 2015 7:50am
Quoting wyley187
{quote} I won't be trading any euro pairs, the chances of being caught in a trap are too great IMO
Wyley,

Are you staying up all night to trade?
What's your trading schedule...
How's the winter going in Minnesota?
sj
  • #50,664
  • Jan 21, 2015 8:11am Jan 21, 2015 8:11am
at last close ECAD FOR 30PIPS i should have been a little patient before entering that trade.alhough close it manually the pair can still move up if it retrace to the daily high will renter if any retrace at all
  • #50,665
  • Jan 21, 2015 8:16am Jan 21, 2015 8:16am
saw a nice set up on Ej m30/h1 chart for a scalp( my eyes was so tired of all indies so I took them off for a rest today)
Attached Image (click to enlarge)
Click to Enlarge Name: 21.1.15 EJ H1 m30 long @9a est.png Size: 53 KB
Appreciation is the key to wealth and happiness
  • #50,666
  • Jan 21, 2015 8:17am Jan 21, 2015 8:17am
Quoting snarlyjack
{quote} Wyley, Are you staying up all night to trade? What's your trading schedule... How's the winter going in Minnesota? sj
Hi SJ....I set my alarm for 3:00 AM my time, see which way london is going after the whipsaws and trade til around 7-8 AM and then go about my day.I just can't bring myself to trade off the 4hr charts yet but I'd like to make a transition because I don't like getting up so early!! but seems like the best moves are between 3 and 7. Actually the winter has been VERY mild here this year and I'm not complaining one bit!
  • #50,667
  • Jan 21, 2015 8:19am Jan 21, 2015 8:19am
Both GA & GN shorts turned into nice profits
Appreciation is the key to wealth and happiness
  • #50,668
  • Jan 21, 2015 8:39am Jan 21, 2015 8:39am
GBPNZD- H4 ..News trade
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-21_19-57-03GBPNZD.png Size: 35 KB
Sad i'm not trying to understand PA
  • #50,669
  • Jan 21, 2015 8:48am Jan 21, 2015 8:48am
Quoting omonisha
GBPNZD- H4 ..News trade {image}
Nice trade - I caught 50 pips from the 1hr chart
  • #50,670
  • Jan 21, 2015 8:52am Jan 21, 2015 8:52am
Quoting snarlyjack
Good morning everyone, (it's 6:20a.m. my time) It's N/Y open... A lot of news coming out tomorrow that could cause the institutions to reset the trend on some pairs. My plan is to close out all my trades today & go into tomorrow flat in the market. Then reset my trades from their. So be careful the next day or two... sj
Good morning, pls at what point in the guppy do you normally concludes that a pair has reverse then you started looking for signal in the direction? i.e is it when 30ema cross 60ema? and is it on h4 or daily tf?
  • #50,671
  • Jan 21, 2015 8:56am Jan 21, 2015 8:56am
Quoting radiant army
{quote} Good morning, pls at what point in the guppy do you normally concludes that a pair has reverse then you started looking for signal in the direction? i.e is it when 30ema cross 60ema? and is it on h4 or daily tf?
We are still in the TMS thread... if you can add them to TMS : itīs nice. but i think itīs the wrong place to any Ma crossovers or something else .
Please don t get me wrong when it sounds a little harsh .. but we should stay in topic.
thx Guido
Risiko birgt immer auch die Chance.
  • #50,672
  • Jan 21, 2015 8:59am Jan 21, 2015 8:59am
Does anybody know wtf happened just now? I can't relate it to news, but I'm curious why the market made this movement, I lost half pips of profit, and even nearly got stop out with small loss!
I know it is not forex, but look at the SP500 1H

Attached Image


This movement was mirrored even in several europe markets. This is IBEX35 on 1H

Attached Image


Edit: Besides this, I was short on AUD/CAD, USD/CAD and I got stop out . Just because I did not waited until TDI cross, but seeing price action (small bullish candles and reduced momentum) I thought it was going to fall
Had to be me. Someone else might have gotten it wrong.
  • #50,673
  • Jan 21, 2015 9:02am Jan 21, 2015 9:02am
Quoting radiant army
{quote} Good morning, pls at what point in the guppy do you normally concludes that a pair has reverse then you started looking for signal in the direction? i.e is it when 30ema cross 60ema? and is it on h4 or daily tf?
Hi Radiant army,

When price is in the guppy & it's starting to turn
I look at price action. Apb's color change, pin-bar
set up, how the tdi looks...

I do not use any guppy crossover's (30 ema crossing the 60 ema).
I will look at compression of the guppy's. Mostly I use price action.

The daily & 4 hour are way more accurate than the 30 minute or
1 hour charts. I consider the lower time frames as noise...My favorite
chart is the daily chart, it is the most accurate chart.

sj
  • #50,674
  • Jan 21, 2015 9:10am Jan 21, 2015 9:10am
Quoting mordin
Does anybody know wtf happened just now? I can't relate it to news, but I'm curious why the market made this movement, I lost half pips of profit, and even nearly got stop out with small loss! I know it is not forex, but look at the SP500 1H {image} This movement was mirrored even in several europe markets. This is IBEX35 on 1H {image} Edit: Besides this, I was short on AUD/CAD, USD/CAD and I got stop out . Just because I did not waited until TDI cross, but seeing price action (small bullish candles and reduced momentum) I thought it was going...
BOC reduced interest rates by 25bps.
  • #50,675
  • Jan 21, 2015 9:13am Jan 21, 2015 9:13am
Quoting Sesamstrasse
{quote} We are still in the TMS thread... if you can add them to TMS : itīs nice. but i think itīs the wrong place to any Ma crossovers or something else . Please don t get me wrong when it sounds a little harsh .. but we should stay in topic. thx Guido
but guppy is part of tms now. if you are not using guppy, you need not to be disturbed over my question
  • #50,676
  • Jan 21, 2015 9:20am Jan 21, 2015 9:20am
Quoting snarlyjack
{quote} Hi Radiant army, When price is in the guppy & it's starting to turn I look at price action. Apb's color change, pin-bar set up, how the tdi looks... I do not use any guppy crossover's (30 ema crossing the 60 ema). I will look at compression of the guppy's. Mostly I use price action. The daily & 4 hour are way more accurate than the 30 minute or 1 hour charts. I consider the lower time frames as noise...My favorite chart is the daily chart, it is the most accurate chart. sj
sj i really appreciate. I will look at compression of the guppy's . is it on h4 or daily or both?
  • #50,677
  • Jan 21, 2015 9:28am Jan 21, 2015 9:28am
Strong moving...
Attached Image (click to enlarge)
Click to Enlarge Name: 1-21-2015 10-22-56 PM.png Size: 34 KB
  • #50,678
  • Jan 21, 2015 9:40am Jan 21, 2015 9:40am
Quoting radiant army
{quote} sj i really appreciate. I will look at compression of the guppy's . is it on h4 or daily or both?
Radiant army,

Here is a example, the aud/usd on the daily chart.

I read a report the other day that said the aud.
is getting very bullish & to trade long...when I
look at the aud. I'm going hmmm... If anything
I would be getting ready to short it. The last red
bar is starting to form a pin-bar. That's one of the
things I'm looking for...pin-bar coming out of the pac

When you look at the aud/usd chart what do you see?

I hope this helps you!

sj
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 61 KB
  • #50,679
  • Jan 21, 2015 10:18am Jan 21, 2015 10:18am
Closed these trades. 70 pips, 48 pips and 28 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2 trades 70 pips.jpg Size: 159 KB
Click to Enlarge Name: chf jap 48 pips.jpg Size: 154 KB
Click to Enlarge Name: 2 trades here 28 pips.jpg Size: 132 KB
  • #50,680
  • Jan 21, 2015 10:31am Jan 21, 2015 10:31am
Quoting longman72
Closed these trades. 70 pips, 48 pips and 28 pips. {image} {image} {image}
And where is the TDI , the initial part of the entry and exits in this strategy ??
Nobody can see a reason why you entered .
I believe you can do better posts .

The reason to post here , should be a trade in the rules , to show others what worked / or what not worked ..

For that case are the better experiented members here to " teach " the newbies and help them on the way to green pips.

And the senior members do an incredible job with explanations how to do .
Risiko birgt immer auch die Chance.
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