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Trading Made Simple

  • #60,181
  • Sep 1, 2015 10:59am Sep 1, 2015 10:59am
Quoting yuki0912
{quote} What is BRN...? Today's trade (2 trades) 1st) EURUSD 1H chart First I looked 4H chart TDI green is over red. And 1H chart is TDI cross, over 5EMA, PAB is blue. So I took long entry SL 15pips TP 25pips (consulted Look Left's trade) 2nd)AUDUSD 4H chart TDI dead cross, and Green line below yellow line (Sorry I took this position by using T.interceptor, So some different ) , PAB is red and under 5EMA So I took short entry SL30pips TP 50pips(Someone tell me good SL and TP on 4H chart) and I closed 30 pips because USD economic indicator was coming,...
Hi Yuki,
Yoku yatta (I think that's right)
EURUSD Trade
BRN = Big round number where price is 1.1300 etc. If you look at the second to last blue APB you'll see that the price stopped and backed away. BRN can act as support and resistance. You could have let the trade run a bit longer (up to the BRN 1.1300) but a safe 25 pips is always good. For H1 trades I set a bigger SL but reduce it once the trade has started moving in my favor by about 15 pips.
AUSUSD Trade
30 pip SL might be a bit small on H4. I would suggest at least 50 then move it once it goes in your favor. Good idea to close a trade when there is news events especially in these times.
Keep it up
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,182
  • Sep 1, 2015 3:08pm Sep 1, 2015 3:08pm
Quoting emmanuel7788
{quote} which pairs give you maximum pips? USDMXN and USDNOK ... i trade gbpjpy, gbpaud, gbpnzd, euraud, gold anything else to add? EURUSD, GBPUSD and EURJPY.... and maybe EURGBP for you too.
thanks ,i have a question about USDMXN

my broker spread for example is 100 pips if im reading it correctly, is this right?
  • #60,183
  • Sep 1, 2015 3:40pm Sep 1, 2015 3:40pm
hello I am not in right place may be but can anyone tell me how can I show on this forums my system without showing open trades? I cant finde the option to hide open trades in system
  • #60,184
  • Sep 1, 2015 5:31pm Sep 1, 2015 5:31pm
Quoting Lookleft
{quote} Hi Yuki, Yoku yatta (I think that's right) EURUSD Trade BRN = Big round number where price is 1.1300 etc. If you look at the second to last blue APB you'll see that the price stopped and backed away. BRN can act as support and resistance. You could have let the trade run a bit longer (up to the BRN 1.1300) but a safe 25 pips is always good. For H1 trades I set a bigger SL but reduce it once the trade has started moving in my favor by about 15 pips. AUSUSD Trade 30 pip SL might be a bit small on H4. I would suggest at least 50...
Morning all
Thank you! look left.

BRN> I see, I'll think it.

For H1 trades I set a bigger SL but reduce it once the trade has started moving in my favor by about 15 pips.
>wait wait wait...
Ex) your first SL is 50 pips(bigger SL)and if your position become green pips, you change SL50 to 15?

AUSUSD Trade 30 pip SL might be a bit small on H4. I would suggest at least 50 then move it once it goes in your favor.
>I see. First SL is 50 pips and if I get green pips Sl change under 50 pips?

Good idea to close a trade when there is news events especially in these times. Keep it up
>I should keep in mind
  • #60,185
  • Sep 1, 2015 5:45pm Sep 1, 2015 5:45pm
Quoting yuki0912
{quote} What is BRN...? Today's trade (2 trades) 1st) EURUSD 1H chart First I looked 4H chart TDI green is over red. And 1H chart is TDI cross, over 5EMA, PAB is blue. So I took long entry SL 15pips TP 25pips (consulted Look Left's trade) 2nd)AUDUSD 4H chart TDI dead cross, and Green line below yellow line (Sorry I took this position by using T.interceptor, So some different ) , PAB is red and under 5EMA So I took short entry SL30pips TP 50pips(Someone tell me good SL and TP on 4H chart) and I closed 30 pips because USD economic indicator was coming,...
Hi yuki,

EU trade:
you can use the recent support and resistance for your target.
check that this is within the ADR.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week36 1 Sep H1.png Size: 86 KB


Au trade:
similarly, use the ADR for target so long as the H4 is still in favour of the direction of your trade.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,186
  • Sep 1, 2015 5:48pm Sep 1, 2015 5:48pm
Quoting shay14
{quote} thanks ,i have a question about USDMXN my broker spread for example is 100 pips if im reading it correctly, is this right?

that is possible for this pair.

what is the spread to volatility ratio?

100pips spread to make 1600pips in a week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,187
  • Sep 1, 2015 5:52pm Sep 1, 2015 5:52pm
Quoting Given1988
{quote} You open position for this signal?
Hi Given,

I don't open positions based on the TMS Monitor.
I trade based on Price Action and usually in the market before the TDI and HA conditions are alert by that TMS monitor.


Quoting pips29
{quote} H4 has under an hour to close on my platform..though I don't quite understand this indicator, I hope it's correct as I am short g/u and g/y
Hi pips,

yes, at the time of my post, that H4 was already in its 3rd of that H4 candle, same as your platform.
the reason for my post was that several pairs were moving in the same direction and that is what 'normal' market is.
I don't use that TMS monitor to trade, but just for the alert feature when certain TDI and HA conditions are met.
also to see the 3 different timeframes at once glance.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,188
  • Sep 1, 2015 6:28pm Sep 1, 2015 6:28pm
TMS Monitor at GMT1126,... no new D1 'signals'.... but there are potential D1 trade setups.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor 2-9-2015 GMT1126.png Size: 92 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,189
  • Sep 1, 2015 8:41pm Sep 1, 2015 8:41pm
AUDUSD

Look at H4 and D1 chart timeframes,
news do not have effect on these higher TF trading.

If you trade H1 and below, you have to pay attention to how market reacts to tier one news like GDP, Rate, retails sales, etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,190
  • Sep 2, 2015 4:01am Sep 2, 2015 4:01am
Quoting emmanuel7788
{quote} Hi yuki, EU trade: you can use the recent support and resistance for your target. check that this is within the ADR. {image} Au trade: similarly, use the ADR for target so long as the H4 is still in favour of the direction of your trade. regards,
I'm back from univ
Thank you emma!
ADR...I study it now
  • #60,191
  • Sep 2, 2015 4:07am Sep 2, 2015 4:07am
waiting for a good setup.....
Winners Never Quit, Quitters Never Win
  • #60,192
  • Sep 2, 2015 4:07am Sep 2, 2015 4:07am
A new H4 just open at GMT0900. I see a few H4 trade opportunities since the higher TF direction is quite clear.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,193
  • Sep 2, 2015 4:31am Sep 2, 2015 4:31am
Quoting emmanuel7788
A new H4 just open at GMT0900. I see a few H4 trade opportunities since the higher TF direction is quite clear.
Non Farm coming within this H4 candle.
Best regards, Zef
  • #60,194
  • Sep 2, 2015 4:36am Sep 2, 2015 4:36am
Quoting ZeF
{quote} Non Farm coming within this H4 candle.
Agreed. I'm out of all trades until NFP has passed.
  • #60,195
  • Sep 2, 2015 5:10am Sep 2, 2015 5:10am
Entered USDCAD H1, Is this a valid entry? Thank you for your comments!
Attached Image(s) (click to enlarge)
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why do we fall? So we can learn to pick ourselves up.
  • #60,196
  • Sep 2, 2015 6:11am Sep 2, 2015 6:11am
Quoting WayneTech
Entered USDCAD H1, Is this a valid entry? Thank you for your comments! {image} {image}

Your H1 entry looks okay as it close above yesterday Close/High.

The MTF HA Matrix below your H1 and H4 charts is useless because the D1 matrix colour should have change to green when today open.
Note that the Synergy APB and the Heiken Ashi are different.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,197
  • Sep 2, 2015 6:43am Sep 2, 2015 6:43am
Quoting emmanuel7788
{quote} Your H1 entry looks okay as it close above yesterday Close/High. The MTF HA Matrix below your H1 and H4 charts is useless because the D1 matrix colour should have change to green when today open. Note that the Synergy APB and the Heiken Ashi are different.

I have noticed that if the TDI green line does not cross the red line then the Matrix will not change color in any time frame even if the candle has already changed color. Which means, if the matrix indicates same green color in all time frames then the green line is already above the red line and vice versa with red color.

So if we are looking at a single time frame chart, it would help by just looking at the matrix and you'll know that all the three time frames would give you an indication that all the TDI have already crossed the red line. That's why I'm using the color Matrix, but later on when i hone my skills with TMS then maybe i can get rid of the matrix.

I got scared and closed my position at break even because of the pending red news. Will look for other opportunities at NY Open, post news.

Thank you for your observation regarding my candlesticks, I will change to Synergy Pro APB
why do we fall? So we can learn to pick ourselves up.
  • #60,198
  • Sep 2, 2015 6:53am Sep 2, 2015 6:53am
Today's trade...

1st
GBPUSD +25pips(1H chart) SL 30pips→15pips(When Position went to +10pips changed SL )
H4 TDI green below red. H1 TDI green under red(at that time) under EMA and Red PAB

2nd
EURUSD -1.1pips(1H chart)SL 30pips But USD economics indicator is coming, so I closed

3rd
EURJPY -30pips(1H chart)
Why it became red pips? i had it morning(8AM GMT+9 ) Should I take between LO to NY time?

4th
EYRJPY -50pips(4H chart)
4H TDI green over yellow and over EMA and PAB was Blue. I had it noon (1PM GMT+9)
The reason I lost is I didn't take London time or New York time?

5th
EURAUD+25pips(1H chart) SL30 to 15
4H TDI green over red H1 TDI crosed red over EMA and PAB is Blue

6th

AUDUSD +8.1pips(H1 chart)SL 30 to 15
4H TDI green below red and H1 TDI crossed, PAB is under EMA and PAB is red


I need more trade to study
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  • #60,199
  • Sep 2, 2015 8:04am Sep 2, 2015 8:04am
EA +25/+50, TP3 running set at +100 just in case it decides to turn into bear trend, since I think EU can push it lower because break of trendline:
Attached Image (click to enlarge)
Click to Enlarge Name: EA.PNG Size: 67 KB

Did not join the EU because too many red candles already
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 76 KB
  • #60,200
  • Sep 2, 2015 8:12am Sep 2, 2015 8:12am
https://www.mql5.com/en/charts/38909...ading-point-of

i was +15 pips at one point, scared now, trade still on
63 traders viewing now, 1 is registered:
dduongl