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Trading Made Simple

  • #56,741
  • Edited 8:24pm May 11, 2015 7:56pm | Edited 8:24pm
Quoting Donquixote
{quote} it was tf 15 whats the ideal tf to draw trend line?

Trendlines:

There are no hard rules for drawing trendlines.
Below is an example using AUDJPY on H1. Yesterday's D1 was an Inside Bar. So we use this D1 IB as a potential setup to trade the IB breakout.
On H1, we have possible trendlines which we can use to pick the breakout setup.
Always have a Plan A and a Plan B because there is no guarantee that the first breakout will run.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY week 20 12May H1 w D1 Inside Bar.png Size: 64 KB


Go back to babypips/school of pipsology and learn the basics :
http://www.babypips.com/school/high-...breakouts.html
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,742
  • May 11, 2015 9:30pm May 11, 2015 9:30pm
AUDJPY H1 trade Tokyo Open

using H1 entry when Tokyo open.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY week 20 12May H1 trade TOK.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,743
  • May 11, 2015 10:23pm May 11, 2015 10:23pm
Quoting emmanuel7788
{quote} ... I LIKE.
You taught ... I learnt Emm.

I have a doubt on MBL Emm .... MBL is supposed to show HTF trend. These are the possible 4 scenario's on my chart, as I take D and 4H TF as reference and trade on 1H TF.
1. MBL is sloping up in D, 4H and 1H .... This is THE BEST set up possible.
2. MBL is sloping up on D and 4H, but sloping down on 1H. This means I have to wait till MBL starts sloping up on 1H.
3. MBL is sloping up on 4H and 1H, but sloping down on D. This means reversal has started on STF and it is a question of same reflecting on HTF, D.

4. My question is, how to analyse if MBL is sloping up on 1H and D, but sloping down on 4H ...
  • #56,744
  • May 11, 2015 10:41pm May 11, 2015 10:41pm
Hei guys, can somone tell me on tf4 how setting the tdi indicator? Rsi 13? Please hlp me...
  • #56,745
  • May 11, 2015 11:07pm May 11, 2015 11:07pm
Hi! Going short on EU. MBL line is straightening, both RSI and TSL line are slopping. Corrections/suggestions plz.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 89 KB
Winners Never Quit, Quitters Never Win
  • #56,746
  • May 12, 2015 12:05am May 12, 2015 12:05am
Quoting hsn100
Hi! Going short on EU. MBL line is straightening, both RSI and TSL line are slopping. Corrections/suggestions plz. Regards, {image}
Short ???????
I wud n't do that .... To be frank I'm Long since last evng .........
Its not breaking structure L ... not making HL / LL
Fundamentally, USD ds nt have any supporting NEWS .....
  • #56,747
  • May 12, 2015 12:27am May 12, 2015 12:27am
AUDJPY H1 12may trade update:

Taken TP1 and TP2 +25pips and 50pips. 3rd Pips protected at BE with TP3 set at 100pips.
Now we have wait and see if today' Da candle will close above last Friday 8May High to see a confirm Day IB breakout.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY week 20 12May H1 trade TOK update2.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,748
  • May 12, 2015 12:27am May 12, 2015 12:27am
Quoting adikashyap
{quote} Short ??????? I wud n't do that .... To be frank I'm Long since last evng ......... Its not breaking structure L ... not making HL / LL Fundamentally, USD ds nt have any supporting NEWS .....
Hi AD, It's always good to have a feedback from seniors, thnx a lot, still demoing and learning,

Regards,
Winners Never Quit, Quitters Never Win
  • #56,749
  • May 12, 2015 12:30am May 12, 2015 12:30am
Quoting Eod
Hei guys, can somone tell me on tf4 how setting the tdi indicator? Rsi 13? Please hlp me...

Hi Eod,

The only two indicators which we use and the most recent versions are:-
the Synergy_Pro_APB which has the Price Action Channel build-in
the Synergy_Pro_TDI, an updated version which work in realtime market

these are found in the package Synergy_Pro zip : Post#50,241

Use the Synergy_Pro_TDI default settings, the same when you trade H1, H4 and D1.
There is no need to change setting for different timeframe trading.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,750
  • May 12, 2015 12:36am May 12, 2015 12:36am
Quoting hsn100
{quote} Hi AD, It's always good to have a feedback from seniors, thnx a lot, still demoing and learning, Regards,
JUST MY 2 CENTS, THOUGH YOU DID NOT ASK FOR IT ...
Trading is more about The Psyche of the trader than anything else ...
PA, FA, TA, Strategies, MM ... all these are to find that Psyche synchronizing with Market and its dynamics ...
Irrespective of what all you do ... on a demo ... It will not involve your Psyche as demo is not a LIVE environment ... that tension ... the Psyche will be missing ...
Can we learn Driving ... Cooking ... dancing ... by reading ... watching youtube ... NO ... NO ...
Might be a micro account ... Trade LIVE ...
You will learn things faster as each penny profit will motivate you .... each penny loss will hurt you and wake you up ...
again ... JUST MY 2 CENTS, THOUGH YOU DID NOT ASK FOR IT ...
  • #56,751
  • May 12, 2015 12:44am May 12, 2015 12:44am
Quoting adikashyap
{quote}Trading is .... JUST MY 2 CENTS, THOUGH YOU DID NOT ASK FOR IT ...
Got ur point. What a valuable piece of advice. Will implement on it in true letter and spirit. Once again thnx a lot.

Regards,
Winners Never Quit, Quitters Never Win
  • #56,752
  • May 12, 2015 12:44am May 12, 2015 12:44am
The day started well ...
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 44 KB
  • #56,753
  • Edited 8:50am May 12, 2015 1:02am | Edited 8:50am
Quoting adikashyap
{quote} You taught ... I learnt Emm. I have a doubt on MBL Emm .... MBL is supposed to show HTF trend. These are the possible 4 scenario's on my chart, as I take D and 4H TF as reference and trade on 1H TF. 1. MBL is sloping up in D, 4H and 1H .... This is THE BEST set up possible. 2. MBL is sloping up on D and 4H, but sloping down on 1H. This means I have to wait till MBL starts sloping up on 1H. 3. MBL is sloping up on 4H and 1H, but sloping down on D. This means reversal has started on STF and it is a question of same reflecting on HTF, D. 4....

Hi,

I usually would look at the overall TDI condition - Green PL, Red TSL and Yellow MBL, their direction and distances apart. Always bear in mind that the MBL is 34 period MA of the RSI data, so it indicates the longer term momentum. We must compare if the Green/Red is above or below the MBL.

In above scenario 4. - if the H4 MBL is sloping down but D1 MBL is sloping up, then I need to look at the Weekly PA. It is likely the D is on retracement of the Weekly. H1 is just intraday 'noise' for that day.

For study purpose, I usually use the Triple Screen to see the big picture and correlation of the 3 timeframes.

Example below:

Attached Image (click to enlarge)
Click to Enlarge Name: TDI Triple Screen view.png Size: 96 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,754
  • May 12, 2015 1:14am May 12, 2015 1:14am
Quoting emmanuel7788
{quote} Hi, I usually would look at the overall TDI condition - Green PL, Red TSL and Yellow MBL, their direction and distances apart. Always bear in mind that the MBL is 34 period MA of the RSI data, so it indicates the longer term momentum. We must compare if the Green/Red is above or below the MBL. In above scenario 4. - if the H4 MBL is sloping down but D1 MBL is sloping up, then I need to look at the Weekly PA. It is likely the D is on retracement of the Weekly. H1 is just intraday 'noise' for that day. For study purpose, I usually use the...
Got you. Thanks a ton.
If I plant MBL on candles area and trade along with it, take it as a reference point on 1H .... Will it compliment other aspects?
Regards ...
  • #56,755
  • Edited 1:55am May 12, 2015 1:43am | Edited 1:55am
Sell counter trend TF 4H GBPAUD is correct with divergence?
Attached Image (click to enlarge)
Click to Enlarge Name: ss.jpg Size: 117 KB
  • #56,756
  • May 12, 2015 1:48am May 12, 2015 1:48am
Quoting pinux76
Sell counter trend TF 4H h GBPAUD in correct with divergence? {image}

good potential

I took H1 trade setup this morning during Tokyo session.
TP1 and Tp2 +25pips and +50pips.
Now Pos 3 at BE and waiting for +100pips.
Then re-evaluate if there opportunity to re-enter for a 4H swing this week.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week 20 12May H1 trades.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,757
  • May 12, 2015 2:37am May 12, 2015 2:37am
EUR pairs - some early moves while waiting for some news out of Greece.

Who are in EU, EA, EZ and EC?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,758
  • May 12, 2015 2:47am May 12, 2015 2:47am
Quoting emmanuel7788
EUR pairs - some early moves while waiting for some news out of Greece. Who are in EU, EA, EZ and EC?
EU = +26 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 69 KB
  • #56,759
  • May 12, 2015 2:49am May 12, 2015 2:49am
Quoting Forexcube
I don't know if it's right. Trial Version. Need another Heikin Ashi Indicator, please. {image} {file} {file} {file}
GREAT IDEA
  • #56,760
  • May 12, 2015 3:12am May 12, 2015 3:12am
Quoting emmanuel7788
EUR pairs - some early moves while waiting for some news out of Greece. Who are in EU, EA, EZ and EC?
EU n EJ long ... since last nite ...
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