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Trading Made Simple

  • #61,381
  • Oct 12, 2015 4:34pm Oct 12, 2015 4:34pm
USDCHF week 42 H4 12 Oct:

There was a H4 setup candle APB#1 but the next candle did not run....
if we expect that each swing to run 3 to 8 candles,
then look for A+++ trade setups.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF week 42 H4 12 Oct.png Size: 161 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,382
  • Oct 12, 2015 5:13pm Oct 12, 2015 5:13pm
GBPUSD week 42 12 Oct H4

Another example of sideways market type seen with H4 big candle Wide Range Bar WRB.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 42 H4 12 Oct H4 WRB.png Size: 71 KB


is this a good time to enter the market? Tokyo just open and this H4 will close in about 1 hour then a new H4 candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,383
  • Oct 12, 2015 5:39pm Oct 12, 2015 5:39pm
Quoting emmanuel7788
GBPUSD week 42 12 Oct H4 Another example of sideways market type seen with H4 big candle Wide Range Bar WRB. {image} is this a good time to enter the market? Tokyo just open and this H4 will close in about 1 hour then a new H4 candle.
Thanks Emmanuel on the clarification on GU. Yes I am watching on this pair, D chart bullish is having a hook down.
  • #61,384
  • Oct 12, 2015 5:42pm Oct 12, 2015 5:42pm
Quoting emmanuel7788
USDCHF week 42 H4 12 Oct: There was a H4 setup candle APB#1 but the next candle did not run.... if we expect that each swing to run 3 to 8 candles, then look for A+++ trade setups. {image}
Hi Emmanuel,

I was in this right at the 1st APB you mentioned; we just got a nice pop on this, I am finding it easier to exit a bad trade and am a little stuck on staying in the good ones; where would you exit this one?

Best regards,

Derek
  • #61,385
  • Oct 12, 2015 6:11pm Oct 12, 2015 6:11pm
Quoting Derek-305
{quote} Hi Emmanuel, I was in this right at the 1st APB you mentioned; we just got a nice pop on this, I am finding it easier to exit a bad trade and am a little stuck on staying in the good ones; where would you exit this one? Best regards, Derek
Hi Derek,

Where you exit depends on
Which timeframe do you trade? Intraday H1/M15 or 4H swing on H4 or Position Trading on D1.

Stop Loss, Take Profits, Trailing Stops, Jumping Stops, etc. are all Exits.
What is the Exit Strategy for your trading system? This will define how you set your SL, TPs, TSL, JSL, etc.
In Van tharp trading system development, we learned there are different types of exits.
Types of exits:
1) Static Exit when SL and/or TP(s) hit.
2) Adaptive Exit when Percentage of ATR reached, R-Multiple reached, etc.
3) Trade Invalidation Exit.
4) Timed Exit, when the trade has exceeded its predetermine duration, no matter the trade result.
5) Psychological Exit.... mental exhaustion of the trader.

'set and forget' works best for 1) Static Exits and also 2) if we know how to.

It is important to know the average trading range of the timeframe you trade. Also if the pair is trending or sideways ranging.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF volatility 52 weeks.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,386
  • Oct 12, 2015 6:13pm Oct 12, 2015 6:13pm
Quoting birdnest
{quote} Thanks Emmanuel on the clarification on GU. Yes I am watching on this pair, D chart bullish is having a hook down.

It is support and resistance play and how buyers and sellers (the market) react at psychological level BRN 1.5300....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,387
  • Oct 12, 2015 6:14pm Oct 12, 2015 6:14pm
Quoting emmanuel7788
GBPUSD week 42 12 Oct H4 Another example of sideways market type seen with H4 big candle Wide Range Bar WRB. {image} is this a good time to enter the market? Tokyo just open and this H4 will close in about 1 hour then a new H4 candle.
my H4closed one hour ago . but it is 3rd candle so i did not sell this. but if it break down 1.53 i shall sell small lot.
  • #61,388
  • Oct 12, 2015 6:22pm Oct 12, 2015 6:22pm
Quoting Saionbus
{quote} my H4closed one hour ago . but it is 3rd candle so i did not sell this. but if it break down 1.53 i shall sell small lot.
look at H1 or m15 to see how the price hit 1.5300 and pulled back.

trade H1 or M15 for a small trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,389
  • Oct 12, 2015 6:33pm Oct 12, 2015 6:33pm
AUDJPY 13 Oct H1 trade Tokyo open:

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 13 Oct H1 trade Tokyo open.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,390
  • Oct 12, 2015 6:57pm Oct 12, 2015 6:57pm
October Results to Date
Attached Image
  • #61,391
  • Oct 12, 2015 6:59pm Oct 12, 2015 6:59pm
Quoting Tanglewood
{quote} Dean Malone's amended version of Heiken-Ashi candles. Said to be slightly more responsive to price than HA.
This is new to me. So the original HA candles are not exactly the same as Malone's? I'm gonna do some chart comparing to make sure.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #61,392
  • Oct 12, 2015 7:02pm Oct 12, 2015 7:02pm
Quoting emmanuel7788
{quote} Hi Derek, Where you exit depends on Which timeframe do you trade? Intraday H1/M15 or 4H swing on H4 or Position Trading on D1. Stop Loss, Take Profits, Trailing Stops, Jumping Stops, etc. are all Exits. What is the Exit Strategy for your trading system? This will define how you set your SL, TPs, TSL, JSL, etc. In Van tharp trading system development, we learned there are different types of exits. Types of exits: 1) Static Exit when SL and/or TP(s) hit. 2) Adaptive Exit when Percentage of ATR reached, R-Multiple reached, etc. 3) Trade Invalidation...
Thanks Emmanuel.

As a beginner it's mental exhaustion what gets me out of most winning trades, will keep reading the Van Tharp books.

Best regards,

D
  • #61,393
  • Oct 12, 2015 7:28pm Oct 12, 2015 7:28pm
AUDUSD 13 Oct H1 trade Tokyo open:

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 13 Oct H1 trade Tokyo open.png Size: 27 KB


GBPAUD has a nice run up ... catch that!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,394
  • Oct 12, 2015 7:31pm Oct 12, 2015 7:31pm
Quoting wattaman
{quote} This is new to me. So the original HA candles are not exactly the same as Malone's? I'm gonna do some chart comparing to make sure.

These had been shared and discussed before.

Japanese Candlesticks vs Synergy APB vs HeikenAshi Post# 3304 Post# 56,193
Note:

1) The APB Open and the HA Open are the same.

2) The APB Close is not the same as the HA Close. Why?

HA Close is = OHLC/4

APB Close is = {OHLC/4 + C}/2

Indicators : Post#28,535
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,395
  • Oct 12, 2015 7:45pm Oct 12, 2015 7:45pm
GBPAUD 13 Oct H4 A+++ trade setup

simple and clear Price Action at Support and Resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 42 H4 setup AAAA.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,396
  • Oct 12, 2015 9:30pm Oct 12, 2015 9:30pm
Quoting emmanuel7788
{quote} These had been shared and discussed before. Japanese Candlesticks vs Synergy APB vs HeikenAshi Post# 3304 Post# 56,193 Note: 1) The APB Open and the HA Open are the same. 2) The APB Close is not the same as the HA Close. Why? HA Close is = OHLC/4 APB Close is = {OHLC/4 + C}/2 Indicators : Post#28,535
Thanks man. You saved me some time.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #61,397
  • Oct 12, 2015 9:47pm Oct 12, 2015 9:47pm
Quoting emmanuel7788
GBPAUD 13 Oct H4 A+++ trade setup simple and clear Price Action at Support and Resistance. {image}
HI Emmanuel,

Does this also show that it is a reversal in the D chart?
  • #61,398
  • Oct 12, 2015 10:41pm Oct 12, 2015 10:41pm
Quoting birdnest
{quote} HI Emmanuel, Does this also show that it is a reversal in the D chart?

Hi,

The weekly is bearish and I don't see D as reversal yet. May take another 1 to 2 D candles to show a good bullish price action.
Meantime, trade H4 and H1, there is enough volatility in this pair for 50 to 100pips in one session.
Patience...

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,399
  • Oct 12, 2015 10:46pm Oct 12, 2015 10:46pm
Quoting emmanuel7788
AUDJPY 13 Oct H1 trade Tokyo open: {image}
AJ and AU

AJ - W1 is bullish for last 2 weeks
D1 strong bullish for last 8 days

How do you decide to catch sell?

Same for AU.
  • #61,400
  • Oct 12, 2015 10:51pm Oct 12, 2015 10:51pm
Quoting emmanuel7788
GBPAUD 13 Oct H4 A+++ trade setup simple and clear Price Action at Support and Resistance. {image}
Good spot. How do you find this?
Considering this is on the H4, how would you decided your exit strategy? Like described for TMS, when the first signs of a reveral appear on the chart? Or do you use a specific amount of pips?
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