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Trading Made Simple

  • #57,401
  • May 27, 2015 10:27pm May 27, 2015 10:27pm
EURUSD H4 chart analysis:
Can you give me any suggestions?
Yesterday,D1 candle close above the fibo 61.8%,and stand above the important S/R1.0864
So i think today will be long analysis .
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  • #57,402
  • May 27, 2015 10:36pm May 27, 2015 10:36pm
Quoting emmanuel7788
{quote} Hi Karado, Sorry that I missed your post earlier. Too busy and now I have to back track reading the older posts. On the use of Moving Averages, there are a few common use MAs - 20, 50, 100 and 200 periods. What many traders here use is the 50 and 200 periods EMAs. It will not make a lot of difference whether we use the Simple or Exponential MA. What we do is to look at the price behavior around these MAs and make our trading decisions.
Hi Emmanuel,
Perfectly understandable, and considering how many posts we have each day, it is a miracle how you can reply to each and every post asking you questions!
Thank you Big Emm, for the reply and links. Sooo much to absorb, but I'm enjoying the journey. After all, the journey is what matters!!
Cheers,
Karado
  • #57,403
  • May 27, 2015 10:48pm May 27, 2015 10:48pm
Quoting adikashyap
It was more of NEWS trading than TMS ... Sorry for tht ... Tuesday was a Bullish Close ... Neither the Bulls not the Bears could not control yesterday ... Aussie have been churning out -ve NEWS .. for themselves that is ... Keeping this in mind entered with 120 pip TP and 40 pip SL ... Had pending buy order at a distance of 50 pip .... with TSL of 35 pips ... Total 3 trades ... all hit TSL ... What a way to start the day ... {image}
Hi,adi,
Amazing Trading.
Why did you put long trade at the bottom?.I mean the first long trade.
Regards.
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  • #57,404
  • May 27, 2015 10:48pm May 27, 2015 10:48pm
Quoting bigcakex
EURUSD H4 chart analysis: Can you give me any suggestions? Yesterday,D1 candle close above the fibo 61.8%,and stand above the important S/R1.0864 So i think today will be long analysis . {image} {image}
To be frank 4H candles are too small for my liking ...
M and W are more bearish than Bullish ...
No EU long for me till it at least clears n closes above yesterday H ...
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  • #57,405
  • May 27, 2015 10:56pm May 27, 2015 10:56pm
Quoting bigcakex
{quote} Hi,adi, Amazing Trading. Why did you put long trade at the bottom?.I mean the first long trade. Regards. {image}
That is a 1H candle, which was opened 30 Min's prior to the NEWS.
As I said, I was very clear that I will be long on GA. So it was a question of timing ...
I entered as the candle started pulling back, 15 min's prior to the NEWS ... with 40 pip SL and 120 pip target ...
Because of the R2R, I was willing to take that calculated risk ...
Hope it helps ...
  • #57,406
  • May 27, 2015 11:18pm May 27, 2015 11:18pm
Quoting adikashyap
{quote} That is a 1H candle, which was opened 30 Min's prior to the NEWS. As I said, I was very clear that I will be long on GA. So it was a question of timing ... I entered as the candle started pulling back, 15 min's prior to the NEWS ... with 40 pip SL and 120 pip target ... Because of the R2R, I was willing to take that calculated risk ... Hope it helps ...
Thanks a lot for you explain.
It really helps me a lot.
  • #57,407
  • May 27, 2015 11:23pm May 27, 2015 11:23pm
Quoting adikashyap
{quote} To be frank 4H candles are too small for my liking ... M and W are more bearish than Bullish ... No EU long for me till it at least clears n closes above yesterday H ... {image}
Hi,adi,
Sorry to ask you question again.
How many pairs do you focus on or usually trade?what are they?
I always want to trade the GA,GJ,GC,but i found it difficult for me to fight these pairs.
Regards.
  • #57,408
  • May 28, 2015 12:08am May 28, 2015 12:08am
Quoting bigcakex
{quote} Hi,adi, Sorry to ask you question again. How many pairs do you focus on or usually trade?what are they? I always want to trade the GA,GJ,GC,but i found it difficult for me to fight these pairs. Regards.
In my basket, I have EU, GU, GJ, GA and Gold as major pairs. I do keep watching GbpCad, GN and EN, though I dnt trade them regularly.
I need 2 things for a pair to be qualified as trading pair for the day ... ADR for Y, 5D and 10D should be more than 120 pips and nearest S/R should be minimum 50 pips away.
I look to trade towards D and 4H trend.
If it is CT, present price has to be minimum 100 pips away from ema 200 on my TTF, which is 1H ...
Hope it helps ...
  • #57,409
  • May 28, 2015 12:51am May 28, 2015 12:51am
Mental fitness for trading:

Which side of your brain do you use more when trading- Left side or Right side?

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Use this simple test below:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,410
  • May 28, 2015 12:54am May 28, 2015 12:54am
Quoting hsn100
{quote} Hi emmanuel7788! As i've moved to Dailies, your analysis of daily charts is always helpful. Regards,

trading the Day chart is the most profitable compared to H4 and H1.

But to some traders, trading the D chart is like waiting for the paint to dry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,411
  • May 28, 2015 12:57am May 28, 2015 12:57am
Quoting omonisha
EURUSD-H4.. {image}
great trade omniosha you succes where i fail
may i know your entry reason?
Take What You Can , Give Nothing Back
  • #57,412
  • May 28, 2015 1:08am May 28, 2015 1:08am
Quoting emmanuel7788
{quote} trading the Day chart is the most profitable compared to H4 and H1. But to some traders, trading the D chart is like waiting for the paint to dry.
yeah u're absolutely right. I've traded the D charts when i was on demo. Now with live account (micro as advised by the Big E in one of his post), I'm trading D charts with profit (albeit small) with no stress at all and simultaneously doing my day job as well.
Winners Never Quit, Quitters Never Win
  • #57,413
  • May 28, 2015 1:12am May 28, 2015 1:12am
Quoting MrAussieFX
GJ H1 losing trade pulled the plug as soon as I woke up early morning with -30 pips loss. Was I too uneasy to enter the trade, yes may be. Did I follow all my rules before taking the setup ? No Did I re-evaluate my losing trade and learnt from it ? Yes What was the original setup on GJ H1 ? {image} Was I missing something at the entry ? {image} PAC and candlesticks {image} PAC and APB's {image} Kindest Regards
Thanks for this! Helps in learning!

AussieFX - In the last chart you have pointed the NO candle as being two hours after the LO open candle. Whereas LO is around 4+ hours before NO. I maybe wrong but please do let me know if otherwise.

Hisham
  • #57,414
  • May 28, 2015 1:44am May 28, 2015 1:44am
Quoting Donquixote
{quote} great trade omniosha you succes where i fail may i know your entry reason?
Thanks Don

You can see my entry was at the break of that H4-BEOB. Previous day was a PB but the problem was near S/R area. When H4 BEOB formed and closed below 200 EMA i entered on the break. TDI= Below 50 line below MBL
Sad i'm not trying to understand PA
  • #57,415
  • May 28, 2015 2:26am May 28, 2015 2:26am
Big E Strategy working like a charm! 4 hr TF with CORE pairs, waiting for TDI to cross, then enter immediately after checking supply and demand areas, then close 80% of position at 20 pips and let the remaining 20% running till the TDI crosses again.
  • #57,416
  • May 28, 2015 3:45am May 28, 2015 3:45am
Hello all! Nice to have a possibility to post on this great thread again. Do trading as usuall, but have no time to post my trades often. This week traded 2 days only - yesterday and today. So here are my 4 trades for these 2 days. My TP now is not always 50 pips, because i have found in my statistics, that TP 35 and 40 pips are working much more often and giving more total pips in the end of long run. So now in some situations i set 35-40 pips TP, and in some other 50 pips TP. Recent weeks are very good on AUD pairs and i think many of us had a good possibility to grow our accounts

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  • #57,417
  • May 28, 2015 4:00am May 28, 2015 4:00am
Quoting emmanuel7788
Mental fitness for trading: Which side of your brain do you use more when trading- Left side or Right side? {image} Use this simple test below: {image}

A really good post .. little off topic but really intresting , I got a smile in my face while reading the colours
Risiko birgt immer auch die Chance.
  • #57,418
  • Edited 4:32am May 28, 2015 4:07am | Edited 4:32am
Quoting toledoFX
Hello all! Nice to have a possibility to post on this great thread again. Do trading as usuall, but have no time to post my trades often. This week traded 2 days only - yesterday and today. So here are my 4 trades for these 2 days. My TP now is not always 50 pips, because i have found in my statistics, that TP 35 and 40 pips are working much more often and giving more total pips in the end of long run. So now in some situations i set 35-40 pips TP, and in some other 50 pips TP. Recent weeks are very good on AUD pairs and i think many of us had a...
I love GA in M30, it play nice with Pivots and Stoch confirms TDI most of the time
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"the public is not yet ready for it" W.D. GANN
  • #57,419
  • May 28, 2015 5:37am May 28, 2015 5:37am

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  • #57,420
  • May 28, 2015 5:49am May 28, 2015 5:49am
Quoting emmanuel7788
{quote} trading the Day chart is the most profitable compared to H4 and H1. But to some traders, trading the D chart is like waiting for the paint to dry.

If intend to work with D1, do analysis etc etc.....then the next step is to try to find good entries in the H4 charts? Find a pull back buy/sell limit also watch for swing points to move SL to protect capital? and also if the situation it's ok to scale in your position...
I think a lot of patience is required for D trading, although just studying the the evolution of majors pairs( EU GU UCad AU) this May month, has some very very beautiful trend evolution on D1 with lot of opportunities to add up to your position... and finally to be so so profitable.
There is still time to the end of the year to start looking into this....

BTW, how was the first half of the year for most of u members?

Thx,
Cris
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