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Trading Made Simple

  • #55,901
  • Apr 15, 2015 6:01am Apr 15, 2015 6:01am
EURAUD-H1
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-15_16-58-04EA.png Size: 28 KB
Sad i'm not trying to understand PA
  • #55,902
  • Apr 15, 2015 6:23am Apr 15, 2015 6:23am
Quoting omonisha
EURAUD-H1 {image}
simple chart , clear entry .. nice trade
Good job
Guido
Risiko birgt immer auch die Chance.
  • #55,903
  • Apr 15, 2015 6:48am Apr 15, 2015 6:48am
Quoting omonisha
EURAUD-H1 {image}
http://www.forexfactory.com/attachme...1&d=1429095692

very nice PA both on H4 and H1 today, you have got a good entry price,
which was your entry candle? the LO candle or the one after LO?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,904
  • Apr 15, 2015 7:05am Apr 15, 2015 7:05am
Quoting omonisha
EURAUD-H1 {image}
Another succesful entry using this system , make me agitated to learn this system , show me the rules , if the rules is just wait green tdi cross red tdi then many false signal happened or late signal. Thank you
Take What You Can , Give Nothing Back
  • #55,905
  • Apr 15, 2015 7:19am Apr 15, 2015 7:19am
Hi!
I have studied Bid E posts and i thought that he was in favor of trading H4 timeframe whereas most experienced traders like Emmanuel 7788, Omonisha trade H1 TF. i know the question sounds ridiculous to experienced traders but my purpose is just to learn.

Regards,
Winners Never Quit, Quitters Never Win
  • #55,906
  • Apr 15, 2015 7:26am Apr 15, 2015 7:26am
Quoting emmanuel7788
{quote} Hi shay, different members here posted different support and resistance here. Which ones did you use? and which timeframe do you trade with these s&r indicators? if you can, please post a chart example and I will try give you my view. the only support and resistance I trust on my charts are those where I see there is confluence of supp/res and price action. regards,
i use supdem indicator on 15min charts
i trade tdi crosses above 50 for longs and under 50 for shorts

for example tdi crosses here long, i didn't take it but it went through the resistance

https://charts.mql5.com/7/553/eurtry...rities-llc.png
  • #55,907
  • Edited 7:42am Apr 15, 2015 7:31am | Edited 7:42am
Quoting Donquixote
{quote} Another succesful entry using this system , make me agitated to learn this system , show me the rules , if the rules is just wait green tdi cross red tdi then many false signal happened or late signal. Thank you

Hi Donquixote,

First, you need to learn the basic 5-Method. This EURAUD H1 trade is a classic example of the 5-Method setup.
It is Price Action at Support and Resistance PSAR, then let the TDI cross as confirmation of the PASR.

what is the PA?
where is the resistance (for sell)?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 15 Apr H1 setup example.png Size: 83 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,908
  • Apr 15, 2015 7:59am Apr 15, 2015 7:59am
Quoting X62
{quote} This is my first post on FF . i have some question .. hope i will get answer from BIG EMU/Phx62.... 1. toPhx62-- can you please share with us how you draw trend line on your chart ??(i notice almost all of your chart you draw TL) 2. to EMU - - you are the master of PA please can you share how to develop 10 skill ( i saw 1 of your post ) or what i need to know to be a good trader . Thanks is advance X62

hi X62,

Here is an example using the same EURAUD H1 to draw a TrendLine joining two swing low points and extend to see how the price action will work.

Attached Image (click to enlarge)
Click to Enlarge Name: AURAUD trendline example.png Size: 77 KB


Here at babypips school, simple explanantion on how to use trendline to trade breakouts.

http://www.babypips.com/school/high-...breakouts.html

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,909
  • Apr 15, 2015 8:06am Apr 15, 2015 8:06am
Quoting emmanuel7788
{quote} Hi Donquixote, First, you need to learn the basic 5-Method. This EURAUD H1 trade is a classic example of the 5-Method setup. It is Price Action at Support and Resistance PSAR, then let the TDI cross as confirmation of the PASR. what is the PA? where is the resistance (for sell)? {image} regards,
Emmanuel, I'm still learning about PA and have a question. Why these two bullish engulfing formations are different?
Attached Image (click to enlarge)
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  • #55,910
  • Apr 15, 2015 8:08am Apr 15, 2015 8:08am
Quoting emmanuel7788
{quote} Hi shay, different members here posted different support and resistance here. Which ones did you use? and which timeframe do you trade with these s&r indicators? if you can, please post a chart example and I will try give you my view. the only support and resistance I trust on my charts are those where I see there is confluence of supp/res and price action. regards,
I am new here, and still learning things. I read a lot the post and particularly those written by seniors like you, big Emm. i hope I will soon start contributing to this great thread by posting my trades, well bad ones and also good ones.

Can you please explain a little bit what you mean by "the only support and resistance I trust on my charts are those where I see there is confluence of supp/res and price action."

Thank you very much.
  • #55,911
  • Apr 15, 2015 8:10am Apr 15, 2015 8:10am
Quoting mousteven
{quote} Emmanuel, I'm still learning about PA and have a question. Why these two bullish engulfing formations are different? {image}

Hi,

You need to identify those two candles patterns carefully.

One is Bullish Outside Bar BUOB
the other is Bullish Engulfing Bar BUEB.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,912
  • Edited 8:36am Apr 15, 2015 8:25am | Edited 8:36am
Quoting emmanuel7788
{quote} Hi, You need to identify those two candles patterns carefully. One is Bullish Outside Bar BUOB the other is Bullish Engulfing Bar BUEB.
Thank you , I see, so may I say "Bullish Outside Bar" is one type of "Bullish Engulfing", and we can also call it Bullish Engulfing as general?

because when I googled keyword: "Bullish Engulfing", it turned out most of them shown with image of "Bullish Outside Bar" http://screencast.com/t/G4ZTtNuj

Sorry for asking too much
  • #55,913
  • Apr 15, 2015 9:44am Apr 15, 2015 9:44am
Quoting emmanuel7788
{quote} {image} very nice PA both on H4 and H1 today, you have got a good entry price, which was your entry candle? the LO candle or the one after LO?
I got hit BE+1 EMU..Entry was LO candle
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-15_20-43-11EURAUD_BE.png Size: 28 KB
Sad i'm not trying to understand PA
  • #55,914
  • Apr 15, 2015 9:49am Apr 15, 2015 9:49am
EURUSD H1 trade only this week till now.
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  • #55,915
  • Apr 15, 2015 10:02am Apr 15, 2015 10:02am
Quoting Donquixote
{quote} Another succesful entry using this system , make me agitated to learn this system , show me the rules , if the rules is just wait green tdi cross red tdi then many false signal happened or late signal. Thank you
You can find the basic rule pdf here

 

  1. Post 53,842

Sad i'm not trying to understand PA
  • #55,916
  • Apr 15, 2015 10:02am Apr 15, 2015 10:02am
I avoided *CAD* today and no trades for the moment today. I will be late for the next candle, but I hope to find some entries in the next candle or two.
Had to be me. Someone else might have gotten it wrong.
  • #55,917
  • Apr 15, 2015 10:03am Apr 15, 2015 10:03am
EU 1H trade

1st lot +25
2nd& 3rd lots -BE +10

Reasons for entry: LO bar close in the primary trend direction, after FO fake out. TDI cross as per trading plan. Tok 5 break.
I expected though a volatile range day (ECB, Draghi, news).

Any feedback appreciated!

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 63 KB
in vino veritas!
  • #55,918
  • Apr 15, 2015 11:14am Apr 15, 2015 11:14am
Quoting omonisha
{quote} I got hit BE+1 EMU..Entry was LO candle {image}
I took a similar trade and also got taken out at BE by the same blue spike.

This pair was really choppy today with all the High Impact News.
Focus on the process and the profits will follow
  • #55,919
  • Apr 15, 2015 11:22am Apr 15, 2015 11:22am
Quoting Ballistical
{quote} I took a similar trade and also got taken out at BE by the same blue spike. This pair was really choppy today with all the High Impact News.
usually i take partial profit at these stage but was distracted by the kids of my house and had to leave pc
Sad i'm not trying to understand PA
  • #55,920
  • Apr 15, 2015 11:29am Apr 15, 2015 11:29am
Quoting Ballistical
{quote} I took a similar trade and also got taken out at BE by the same blue spike. This pair was really choppy today with all the High Impact News.
A truly weird day during UK session. Got stopped at BE on GA after a +38pip move.

I wonder if the EUR spike was because of Draghi being told he's a criminal by those protesters during his press conference. You should've seen his face, when the girl threw those papers at him.

http://www.theguardian.com/world/201...P=share_btn_fb
Best regards, Zef
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