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Trading Made Simple

  • #51,561
  • Jan 28, 2015 1:44pm Jan 28, 2015 1:44pm
Quoting radiant army
{quote} nearly all jpy pairs may giv good setup in 1 hr time

we are facing the month end candle, if you want to catch a big move, start look next week when JPY opens a new month of trading.
take the cue from USDJPY.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,562
  • Jan 28, 2015 2:01pm Jan 28, 2015 2:01pm
Quoting Bk8
{quote} GU -40 pips and counting
So far GU -90 pips since I predicted but still I lost 200 pips

Problem is that I try to use my mind and stay ahead that always makes me loser 😁
  • #51,563
  • Jan 28, 2015 2:06pm Jan 28, 2015 2:06pm
Quoting Bk8
{quote} So far GU -90 pips since I predicted but still I lost 200 pips Problem is that I try to use my mind and stay ahead that always makes me loser 😁
if you are trading H1, stay clear of FOMC candle or stay out completely until the event is over.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,564
  • Jan 28, 2015 2:11pm Jan 28, 2015 2:11pm
Quoting emmanuel7788
{quote} Hi rupasi, No matter what the TDI shows us in one TF, we must always look at what the next higher TF is doing. In strong trending market type, the TDI can rise above / below the 68 /32 levels and the price can continue to trend. The TDI only tell us the price momentum in the last 13 candle (TDI default set to period 13). For each new price bar/candle, it will recalculate using the RSI period -13. Price momentum can decrease but the price can still be trending up or down in either case. Therefore, checking one TF higher will be a good approach....
Thank you so much! Yes, your comments rang true today at 12pm PST. I didn't collect any pips since not in the market. Others probably though. Some beautiful intraday moves for AU and AJ, and other pairs.
  • #51,565
  • Jan 28, 2015 2:12pm Jan 28, 2015 2:12pm
Quoting emmanuel7788
{quote} if you are trading H1, stay clear of FOMC candle or stay out completely until the event is over.
Thanks Emmanuel!! You are right, That's my final resolutions... I have already lost almost 70% of total account
So better I should focus on how to survive rather than making money aggressively...
  • #51,566
  • Jan 28, 2015 2:16pm Jan 28, 2015 2:16pm
Quoting adamcox
Alex Bowler - dumb comment. Makes no sense. The man with Euro 900 account - needs a day job and has no time to waste on this site, unless people here are trying to sell 'services' and systems The man who trades 10-50 lots a pop has plenty of time and doesn't need or have a day job. Alex Bowler - you are confused. Why am I here? I like to keep clueless retail traders on the right path by providing some 'contra' thinking to this endless cluelessness. Someone out there may actually save money or not loose their account. Does anyone in retail land actually...
haha, another troll here at FF. - if you are so successfull as you claim, why the hell are posting your email, phone number public? - You need friends in all that sparetime?
MY SITTING, NEVER MY THINKING!
  • #51,567
  • Jan 28, 2015 2:54pm Jan 28, 2015 2:54pm
Trading the Inside Bar(s).

Inside Bar IB are small candles which is seen as price contraction or consolidation.
One example is to use IB and trade the breakout of the Mother Bar of that IB.
Double IBs are very good setups to trade when we observe the price action of the trading TF and also the higher TFs.

Below is an example how IBs are use in scalping after news events.
Wait for that news event candle to close and trade when there is still price momentum and follow the flow.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD M15 post-FOMC scalping.png Size: 67 KB


Practice this, look at other pairs on M15 and look at the FOMC H1 candle, what is that range of the FOMC candle in relation to the ADR. Very rare you see a H1 FOMC candle exceed its 10 and 20 days ADR
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,568
  • Jan 28, 2015 3:26pm Jan 28, 2015 3:26pm
Quoting snarlyjack
{quote} ....Their is only 1 other method that I would consider and that is hard core price action. Imho, price action is #1 and Tms is #2. .... well into the future... sj


In year 2025, it will be still be Trading Made Simple.
Why? because there will always price action, where there is price action TMS will follow.
A simple and elegant trading methodology. It is the core and you can add your personal ingredients aorund the core and make it your own winning trading system that fits you.

>>> Back to the Future >>>>>>>>>>>>>>>>>>>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,569
  • Jan 28, 2015 3:28pm Jan 28, 2015 3:28pm
Quoting emmanuel7788
Trading the Inside Bar(s). Inside Bar IB are small candles which is seen as price contraction or consolidation. One example is to use IB and trade the breakout of the Mother Bar of that IB. Double IBs are very good setups to trade when we observe the price action of the trading TF and also the higher TFs. Below is an example how IBs are use in scalping after news events. Wait for that news event candle to close and trade when there is still price momentum and follow the flow. {image} Practice this, look at other pairs on M15 and look at the FOMC...
Great advice, thanks for this.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #51,570
  • Jan 28, 2015 3:32pm Jan 28, 2015 3:32pm
Quoting adamcox
The only people on the planet who debate a fundamental vs charting view of trading are clueless retail traders. (90 % of whom lose all their capital - 90/90/90 rule. Professional traders use a comprehensive approach using fundamentals and technical analysis which includes indices, commodities and events. Using TA and retail systems to the exclusion of everything else is like driving a car whilst looking at the speedo only but not being able to look outside - it just doesn't make sense. You don't need complex systems of TA to be a very successful...
Best regards, Zef
  • #51,571
  • Jan 28, 2015 3:34pm Jan 28, 2015 3:34pm
Quoting emmanuel7788
{quote} Hi ZeF, Chack your CM parameter setting. It can be two possibles causes: 1) Capital Protection 2) Trailing by Candle HL see below . {image} {image} CM is good when you want to free yourself from babysitting your trades. Simply 'set and forget', leave CM to manage your SL and TP, and moving your stops like using the two features mentioned above. You can also scale-out your trades in portions, which is a nice feature. regards,
Emmanuel,

Thanks for your help. I'd like to save the babysitting but the baby keeps on wetting the bed while I'm gone. Got to fix it for sure.
Best regards, Zef
  • #51,572
  • Jan 28, 2015 3:48pm Jan 28, 2015 3:48pm
Quoting snarlyjack
According to the news: Dow closed down 195. Oil 48.40 (brent) Their really worried about Europe. Currencies flying around. They are worried about deflation. But where do I position my buy/sell's? Tms & the charts will show me... sj
Absolutely agree, SJ.

By the time news are coming out of hot anchors on cnbc they're as helpful as a blindfolded monkey throwing darts on a buy/sell dartboard. German economy is on its knees and the dax is soaring through monopoly toilet paper money Draghi pulled out of his hat the other week. This is the world we live in, where $800bn in imaginary debt money is used to buy more imaginary state debt to encourage citizens to get into real debt.
Best regards, Zef
  • #51,573
  • Jan 28, 2015 3:49pm Jan 28, 2015 3:49pm
EURAUD and GBPAUD 29 Jan Intraday:

yesterday we saw Aussie rallied in the Asian session and that drag EA and GA lower but it pulled back after FOMC.
Looking at D charts for these 2 pairs the TDI is UP. So we look for buy setups today.
We are at month end shadow trading.

Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,574
  • Jan 28, 2015 3:56pm Jan 28, 2015 3:56pm
Hi Emu,
Any indicator for the High/Low TF H4 in TF M15 just as ur Chart above?

Thanks in advance.
  • #51,575
  • Jan 28, 2015 3:56pm Jan 28, 2015 3:56pm
Quoting ZeF
{quote} Emmanuel, Thanks for your help. I'd like to save the babysitting but the baby keeps on wetting the bed while I'm gone. Got to fix it for sure.

Hi ZeF,

Try this:
H1 trading.
Entry with SL=50pips, TP=50pips.
Exit half position at +25pips, keep the SL at -50pips.
Wait to see if TP get hit.
If TP get hit, you get half position +50pips, plus the other half +25pips.
If market reverse and hit your SL(-50pips), then you lose 50pips but the earlier half position +25pips will reduce the overall loss to -25pips.

Worst case scenario, market did not move in your favour and reverses before 25pips , you get hit -50pips total.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,576
  • Jan 28, 2015 4:04pm Jan 28, 2015 4:04pm
Quoting NoQuit
Hi Emu, Any indicator for the High/Low TF H4 in TF M15 just as ur Chart above? Thanks in advance.

Yup,
in post#16,374
http://www.forexfactory.com/showthre...33#post6541233

change the line colour to suit your chart background.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,577
  • Jan 28, 2015 4:11pm Jan 28, 2015 4:11pm
Big Thanks Emu.
  • #51,578
  • Jan 28, 2015 4:35pm Jan 28, 2015 4:35pm
Quoting cigarguy
UC M15 +18.3, (5 lots) Here is a good example of what not to do with a scalp that went against me and I should not have traded due to the upcoming news. I kept my buy position based on the USD strength on the higher t/f's H1, H4 and daily. This large of a draw down and terrible R:R is against my scalping rules but the higher t/f's indicated a pullback.....and a little luck sometimes helps....a lesson learned on this one! {image}
Cigarguy,

Could you please upload the time frame indicator you're using for M15 M30 H1 H4 to MN1 etc which is on your top right corner? I have only the big H1 H4 D1 one.

Thanks
Best regards, Zef
  • #51,579
  • Jan 28, 2015 5:37pm Jan 28, 2015 5:37pm
Quoting omonisha
OK got the news..GBPNZD-H1 {image}
nice shot
Appreciation is the key to wealth and happiness
  • #51,580
  • Jan 28, 2015 5:59pm Jan 28, 2015 5:59pm
Quoting emmanuel7788
BTW, we have FOMC later today NY time and after that Kiwi' RBNZ rate announcement. So prepare for some volatility in the EURNZD and GBPNZD pairs. I am in buy mode. Trade safe.

Thank you Master Emmanuel, you give me 500++ pips free.. you're awesome!!
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