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Trading Made Simple

  • #61,081
  • Oct 5, 2015 7:33am Oct 5, 2015 7:33am
EURUSD week 41 5 Oct H4 trades.

This one got stopped out by the pullback... nett -24pips .

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,082
  • Oct 5, 2015 8:00am Oct 5, 2015 8:00am
Quoting catalin_eros
{quote} Hello, The ScorpS! I don't know if you've seen it, but I sent you a message a while ago. I'd really appreciate the answer. Thanks in advance!
Please accept my apologies , I totally have read your PM somehow and forgot to replay back or I missed it totally , please check your PM now

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #61,083
  • Oct 5, 2015 8:07am Oct 5, 2015 8:07am
Quoting TheScorpS
{quote} Please accept my apologies , I totally have read your PM somehow and forgot to replay back or I missed it totally , please check your PM now Thanks
No need to apologize, really. Thank you very much for the answer! It helps. Have a great day and thanks again!
  • #61,084
  • Oct 5, 2015 8:43am Oct 5, 2015 8:43am
AN 5 Oct H4 trade +75
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Winners Never Quit, Quitters Never Win
  • #61,085
  • Oct 5, 2015 8:44am Oct 5, 2015 8:44am
Quoting TheScorpS
{quote} Please accept my apologies , I totally have read your PM somehow and forgot to replay back or I missed it totally , please check your PM now Thanks
Hello TheScorps! ... I too sent you a PM a while ago and was wondering if you could please reply. Thanks in advance for the answer. When you have time, as I am sure you are busy. If by chance you didn't get it, please let me know so I can resend. Cheers!
  • #61,086
  • Oct 5, 2015 9:32am Oct 5, 2015 9:32am
Quoting B1h1
{quote} Hello TheScorps! ... I too sent you a PM a while ago and was wondering if you could please reply. Thanks in advance for the answer. When you have time, as I am sure you are busy. If by chance you didn't get it, please let me know so I can resend. Cheers!
Check your PM please , in order to be successful trading , its a lot of hard work to be done and that what keeps me busy replying sometimes to traders on TMS, please accept my second sincere apologies for being so late in replying

I Have Learned to Take Some Losses to Make Profits
  • #61,087
  • Oct 5, 2015 10:00am Oct 5, 2015 10:00am
Took one trade GBPAUD 1H Short on break of Yesterday Low. LO was NR4IB - LO+1 was setup candle TDI crossing down. Took 1/3 off near 2.14. Second entry short when it appeared to break BRN but this was premature. Considering today was monday probably not the best idea. Closed the remaining 8 lots manually near BE.

Best,
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  • #61,088
  • Oct 5, 2015 12:03pm Oct 5, 2015 12:03pm
Quoting adikashyap
GN - Top down analysis ... Monthly September candle turned out to be an inside bar. Market is way overbought and a classic trend line (EMA 89) rejection. Weekly After a triple top, market is selling off from way overbought region. Market, right now, is at the area, from where it started heading up again. Daily Market not overbought. Looking at the candle formations, bear pressure to be diminishing. Price is kind of stalled at previous area of resistance and consolidation. 4H While price made symmetrical double bottom, the oscillator is going up...
Hi Adikashyap,

I am seeing GN in a down trend in weekly.... Am I missing something?
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  • #61,089
  • Oct 5, 2015 1:13pm Oct 5, 2015 1:13pm
Quoting birdnest
{quote} Hi Adikashyap, I am seeing GN in a down trend in weekly.... Am I missing something? {image}
GN Price at previous structure H4 TDI oversold and D1 approaching to 32 level.
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Sad i'm not trying to understand PA
  • #61,090
  • Oct 5, 2015 6:48pm Oct 5, 2015 6:48pm
So, I know this method is originally designed for the 4 hr timetable, and Big E uses it overnight.

I also know he said he will jump in a trade without waiting for candle closure if he sees a setup, but usually only looks on the 4 hr chart.

What I would like to know is how many people adhere to the overnight and out by 6 rule, vs let the trade ride if its a winner? Also, how many of you adhere to overnight only and stay out when the NY market is rolling?

Thanks,

A
  • #61,091
  • Oct 5, 2015 7:30pm Oct 5, 2015 7:30pm
I guess what I am really asking, is how many of you take the perfect setup (TDI @ 12/1 or 5/6 with other requirements of this method + basic forex requirements met) regardless of the time?
  • #61,092
  • Oct 5, 2015 7:33pm Oct 5, 2015 7:33pm
Quoting birdnest
{quote} Hi Adikashyap, I am seeing GN in a down trend in weekly.... Am I missing something? {image}
Looking at the recent weeks price action, I am bearish bias since last week and it will continue with the stronger Kiwi. Just need to watch the priacetion in lolwer TF D1 and H4 when price is around the previous months' OHLC.
Good pair for ME/ME.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD Week 41 BPP Weekly chart.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,093
  • Oct 5, 2015 7:41pm Oct 5, 2015 7:41pm
Quoting allenbrown97
So, I know this method is originally designed for the 4 hr timetable, and Big E uses it overnight. I also know he said he will jump in a trade without waiting for candle closure if he sees a setup, but usually only looks on the 4 hr chart. What I would like to know is how many people adhere to the overnight and out by 6 rule, vs let the trade ride if its a winner? Also, how many of you adhere to overnight only and stay out when the NY market is rolling? Thanks, A
This 5-Method works in all timeframes. How one trade this method depends on his/her knowledge of the market and trading experience.

You can of course trade they way Big E did as he described in Post#1, that his H4 style. But you have to use the TDI Red Green indicators in the way he described in this thread. Start with a demo account of the account size which you would in a live account so that you will also forward test your money management strategy. Do 100 trades and then analyse your results, then next 200 trades, then next 300 trades. When you have reached profitability with consistency, you can start live trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,094
  • Oct 5, 2015 7:50pm Oct 5, 2015 7:50pm
GBPUSD H1 6 Oct:

Look at your H1 chart.
Do you see the consolidation?
What is the consolidation range?
Look at the H1, H4 and D1 price action.

Wait for the right moment (timing) and pick your H1 trade.

*The D1 TDI is useless.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,095
  • Oct 5, 2015 7:56pm Oct 5, 2015 7:56pm
Quoting allenbrown97
I guess what I am really asking, is how many of you take the perfect setup (TDI @ 12/1 or 5/6 with other requirements of this method + basic forex requirements met) regardless of the time?

TIMING is one of the ten most important things you need to know when you want to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,096
  • Oct 5, 2015 8:00pm Oct 5, 2015 8:00pm
AUDUSD and AUDJPY H1

very interesting first spike today when trade balance data was released.

Now you can make technical guess where it will go later after the cash rate announcement.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,097
  • Oct 5, 2015 8:06pm Oct 5, 2015 8:06pm
Quoting emmanuel7788
GBPUSD H1 6 Oct: Look at your H1 chart. Do you see the consolidation? What is the consolidation range? Look at the H1, H4 and D1 price action. Wait for the right moment (timing) and pick your H1 trade. *The D1 TDI is useless.
It is in consolidation/narrow range. Why is the D1 TDI useless? I don't see a PA on D1 today. It looks undecided where it wants to go.

On the other hand, GJ and GN is looking like something I will go with a buy and sell at H4 confirmation for a continuation in bull and bear.
  • #61,098
  • Oct 5, 2015 8:18pm Oct 5, 2015 8:18pm
Quoting emmanuel7788
{quote} Looking at the recent weeks price action, I am bearish bias since last week and it will continue with the stronger Kiwi. Just need to watch the priacetion in lolwer TF D1 and H4 when price is around the previous months' OHLC. Good pair for ME/ME. {image}
Hi Emmanuel,

Thanks. I have a love hate relationship with GN. It gives me most pips and also most losses. Just need to study when is the right entry for the ME/ME position. But the next weekly support, it has a long way south down.
  • #61,099
  • Oct 5, 2015 11:04pm Oct 5, 2015 11:04pm
Quoting emmanuel7788
{quote} Hi Rob, Good trade though a bit late in entry. I see you got the basics and you should do well when you focus in the higher TFs like H4 and D1. You just need to work on the timing of the day when you will look for trade setups and be discipline doing that. regards,
Thanks Emm for your good advice , I entered because of really good momentum and above 2oo ema , I am just trying to get good at getting 20/30 pips - would be enough for me .
  • #61,100
  • Oct 5, 2015 11:06pm Oct 5, 2015 11:06pm
Quoting emmanuel7788
AUDUSD and AUDJPY H1 very interesting first spike today when trade balance data was released. Now you can make technical guess where it will go later after the cash rate announcement.

How would you guess technically where it would go?

Answer : Higher TF trend or direction.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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