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Trading Made Simple

  • #61,341
  • Oct 11, 2015 5:47pm Oct 11, 2015 5:47pm
Quoting brandy711
{quote} You are on the right track,keep going

With previous week closed bullish, we may see more upside early week.
There are a couple of MN S&R within the range of this pair, looking at 1.5434 for buy target and 'sell high' at this level.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 42 12 Oct.png Size: 46 KB


Have good trading week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,342
  • Oct 11, 2015 5:56pm Oct 11, 2015 5:56pm
GBPAUD Week 42 Monday 12 Oct:

What is your view of 4H swing trading? To sell or to buy?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 42 12 Oct Sell or Buy.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,343
  • Oct 11, 2015 6:18pm Oct 11, 2015 6:18pm
looks like a sell
  • #61,344
  • Oct 11, 2015 7:42pm Oct 11, 2015 7:42pm
Quoting emmanuel7788
GBPAUD Week 42 Monday 12 Oct: What is your view of 4H swing trading? To sell or to buy? {image}
I wouldn't sell looking at the day chart and that resistance on the left, yet buying is risky due to the green TDI pointing down on all higher time frames
  • #61,345
  • Oct 11, 2015 10:34pm Oct 11, 2015 10:34pm
if it breaks its one long drop
  • #61,346
  • Oct 11, 2015 10:57pm Oct 11, 2015 10:57pm
Quoting emmanuel7788
GBPAUD Week 42 Monday 12 Oct: What is your view of 4H swing trading? To sell or to buy? {image}
Price is in a strong support level, so, price might react to it and go up again. However, we have had a few weeks to the downside, that's a strong sell trend. I think we can go in any direction depending on how we see price action. Another thing is that previous week the price moved quite a bit forming a big candle, that could mean the price will stall a bit. And looking at the daily chart, the price is out of the volatility band which could also mean consolidation.
  • #61,347
  • Oct 11, 2015 11:01pm Oct 11, 2015 11:01pm
bottom line ...... i wont trade it yet
  • #61,348
  • Oct 11, 2015 11:24pm Oct 11, 2015 11:24pm
Hello fellow Forex sharks. I do not think the Holiday on Monday is not going to help us out for decent action.
Thank you Big E for sharing. I am new to forex account but have been trading quite a few years. Not my first rodeo.
Looking forward to participating.

Trade well and prosper!
  • #61,349
  • Oct 12, 2015 12:34am Oct 12, 2015 12:34am
Quoting emmanuel7788
GBPAUD Week 42 Monday 12 Oct: What is your view of 4H swing trading? To sell or to buy? {image}
i would put in couple long positions, its a strong support for that pair.
  • #61,350
  • Oct 12, 2015 12:53am Oct 12, 2015 12:53am
anyone thinking to buy UsdChf?
on H4
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #61,351
  • Oct 12, 2015 1:14am Oct 12, 2015 1:14am
Quoting wattaman
anyone thinking to buy UsdChf? on H4

what time does your H4 close? my H4 candle just open one hour ago and will close in about 3 hours at GMT0900.

look back the recent H4 candles, what do they look like.

where do you want to place your initial stop loss when you buy now?

when you want to take a TDI trade, make sure you use Post#647 as your checklist.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,352
  • Oct 12, 2015 3:31am Oct 12, 2015 3:31am
A little 19 pips , I probably came out too soon ( as MMTM started to slow ) -- still very cautious till I can gain confidence .
Attached Image (click to enlarge)
Click to Enlarge Name: gu 12 10.png Size: 61 KB
  • #61,353
  • Oct 12, 2015 3:57am Oct 12, 2015 3:57am
Quoting brandy711
{quote} You are on the right track,keep going
Too bad, my short got stopped at 1.5360. Just my luck of course...
  • #61,354
  • Oct 12, 2015 4:22am Oct 12, 2015 4:22am
Quoting emmanuel7788
GBPAUD Week 42 Monday 12 Oct: What is your view of 4H swing trading? To sell or to buy? {image}
Hi, Big Emm!

That is a WRB, is it not? So we draw S/R levels on its top and bottom, and trade it on lower TF. So we should look for longs, since the price is at the bottom of the candle.
  • #61,355
  • Oct 12, 2015 4:26am Oct 12, 2015 4:26am
Quoting catalin_eros
{quote} Hi, Big Emm! That is a WRB, is it not? So we draw S/R levels on its top and bottom, and trade it on lower TF. So we should look for longs, since the price is at the bottom of the candle.
I am using this indicator foor support and resistance. Also I use it for my TP. Meaby Other people find this also useful. I use it for 3 months now.
Attached File(s)
File Type: ex4 Forexometry.ex4   8 KB | 430 downloads
  • #61,356
  • Oct 12, 2015 5:01am Oct 12, 2015 5:01am
A question for those trading H4 (successfully), please. Are you guys waiting for the candle close or maybe refreshing the chart from time to time to catch the right entry?

Thank you.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #61,357
  • Oct 12, 2015 5:29am Oct 12, 2015 5:29am
Quoting wattaman
A question for those trading H4 (successfully), please. Are you guys waiting for the candle close or maybe refreshing the chart from time to time to catch the right entry? Thank you.
You dont have to refresh all the time from my experience.
  • #61,358
  • Oct 12, 2015 5:50am Oct 12, 2015 5:50am
Quoting stefan17
{quote} You dont have to refresh all the time from my experience.
I know you don't have to
I think a better question would be: is one of the rules to wait for the candle close, when trading H4? Or one could just refresh the chart from time to time to see if the signals align, and enter the trade.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #61,359
  • Oct 12, 2015 6:05am Oct 12, 2015 6:05am
Quoting wattaman
{quote} I know you don't have to I think a better question would be: is one of the rules to wait for the candle close, when trading H4? Or one could just refresh the chart from time to time to see if the signals align, and enter the trade.
Oh I see you want to get a better entry price, I have tried in the past, but sometimes it backfires on you, I find it safer to wait for the next candle to open.
  • #61,360
  • Oct 12, 2015 6:14am Oct 12, 2015 6:14am
Quoting stefan17
{quote} Oh I see you want to get a better entry price, I have tried in the past, but sometimes it backfires on you, I find it safer to wait for the next candle to open.
You misunderstood me. I am only trying to find out if candle close if one of the rules, just that. Can't find it written anywhere. Also, about the Stochastic: is it SMA, EMA, close, high, low etc?
Thanks for the tips.
Using the RobotFX EAs for a while https://www.robotfx.org/
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