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Trading Made Simple

  • #61,401
  • Oct 13, 2015 12:59am Oct 13, 2015 12:59am
Quoting emmanuel7788
{quote} 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,
Hi Emmanuel,

Thanks for your reply. Ok, I also suppose in the D chart there is no bullish PA yet. Although something is forming from there.....
  • #61,402
  • Oct 13, 2015 1:22am Oct 13, 2015 1:22am
Is this worthy of a bullish PA on the D chart?
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  • #61,403
  • Oct 13, 2015 1:28am Oct 13, 2015 1:28am
Quoting dewdrops
{quote} 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.

Hi,

When I trade intraday on H1 and M15, I can trade both ways.
So many consecutive bullish days, where do the buyers move their stops to protect their trades? previous day low? 2-days look back low?

I can trade against the previous Day candle if there is a correction / retracement. This is how I trade using the Sydney first 2~3 hours range.

see post#47,647

also this pdf which I posted before.

Attached File(s)
File Type: pdf H1 Trading for 2015 (1).pdf   131 KB | 1,085 downloads


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,404
  • Oct 13, 2015 1:33am Oct 13, 2015 1:33am
Quoting birdnest
Is this worthy of a bullish PA on the D chart? {image}

there is no confirm D1 setup candle APB#1 because today candle has not closed.

H4 was a good counter trend trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,405
  • Oct 13, 2015 2:26am Oct 13, 2015 2:26am
Yesterday I did open that GBPAUD 1H trade although it was near London close. I left it as set and forget. Wasn't ready to move up just yet then

@Emmanuel,

I'm sorry if it has been discussed before but I couldn't really find much. How important is the timezone when looking at 4H charts? What is the timezone of your broker? Is there a standard for watching 4H charts? I noticed my GBPUSD 4H chart does not have such WRB which is probably due to timezone settings. Or do you think this is not really a problem and should be ignored?

Best,
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  • #61,406
  • Oct 13, 2015 2:34am Oct 13, 2015 2:34am
UJ H4 trade continue.....
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Winners Never Quit, Quitters Never Win
  • #61,407
  • Oct 13, 2015 3:01am Oct 13, 2015 3:01am
Quoting tibovwh
Yesterday I did open that GBPAUD 1H trade although it was near London close. I left it as set and forget. Wasn't ready to move up just yet then @Emmanuel, I'm sorry if it has been discussed before but I couldn't really find much. How important is the timezone when looking at 4H charts? What is the timezone of your broker? Is there a standard for watching 4H charts? I noticed my GBPUSD 4H chart does not have such WRB which is probably due to timezone settings. Or do you think this is not really a problem and should be ignored? Best, {image}

Hi,

It is well known that different broker server time will show different H4 OHLC. Hence we see different price bar pattern.
What is more important is to use the H4 chart consistently.

My broker sever time is GMT+3.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,408
  • Oct 13, 2015 3:13am Oct 13, 2015 3:13am
My first trade using the system.

H1 timeframe, I entered on that 2nd red candle, but I should really of entered on the 1st red one but wasn't at charts

I think it is a correct trade ...

Attached Image
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #61,409
  • Oct 13, 2015 3:34am Oct 13, 2015 3:34am
Quoting Freefox
My first trade using the system. H1 timeframe, I entered on that 2nd red candle, but I should really of entered on the 1st red one but wasn't at charts I think it is a correct trade ... {image}
Reversal cross above 68 and below 32 don't count as far as I have read in this forum.
  • #61,410
  • Oct 13, 2015 3:36am Oct 13, 2015 3:36am
GBPJPY-D1..Pin Bar then an IB Break
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #61,411
  • Oct 13, 2015 3:39am Oct 13, 2015 3:39am
Quoting Freefox
My first trade using the system. H1 timeframe, I entered on that 2nd red candle, but I should really of entered on the 1st red one but wasn't at charts I think it is a correct trade ... {image}
I took the same trade, but got out after first hour, saw it was turning back around
  • #61,412
  • Oct 13, 2015 3:45am Oct 13, 2015 3:45am
Quoting dewdrops
{quote} Reversal cross above 68 and below 32 don't count as far as I have read in this forum.

I read total opposite !! - will try and find it. If it gets to the 68 level, good place to short if everything else stacks up and I think it did.

Though my first trade doesn't seem to be going well so will probably cut it.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #61,413
  • Oct 13, 2015 3:51am Oct 13, 2015 3:51am
Quoting dewdrops
{quote} Reversal cross above 68 and below 32 don't count as far as I have read in this forum.

also when the next higher TF H4 show different price action and TDI.
H1 is sideways and selling into WRB Low as support is risky no matters what the TDI 68/32 levels shows.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,414
  • Oct 13, 2015 4:08am Oct 13, 2015 4:08am
Quoting emmanuel7788
GBPAUD 13 Oct H4 A+++ trade setup simple and clear Price Action at Support and Resistance. {image}
Hello, Big Emm!

When trading such a setup, shouldn't we trade as soon as the breakout occurs? Why wait for the candle close? It might move too much.

As always, thank you in advance for replying!
  • #61,415
  • Oct 13, 2015 4:24am Oct 13, 2015 4:24am
Quoting emmanuel7788
{quote} also when the next higher TF H4 show different price action and TDI. H1 is sideways and selling into WRB Low as support is risky no matters what the TDI 68/32 levels shows.

Can you please clarify as I'm still very much learning I thought I was doing exactly what eelfranz was directing people to do - Keep it Simple. Price action supported the TDI cross over so not sure why it should it be rejected as a trade ?

You seem to be agreeing with the previous poster - don't short at 68 levels, BUT I have read several times where eelfranz has said he loves shorting at these levels.

Plus where is H1 going sideways - doesn't seem that way to me - the red candle was a clear directional move. And can you point out which WRB you are meaning. (Just trying to learn). I do agree that H4 timeframe is different price action (will consider that in future) BUT it could easily be argued that it is heading into the prior high's resistance levels to the left, hence supportive of a short.

Here is the trade/chart again for convenience ... be interested in your response to learn more.

Attached Image
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #61,416
  • Oct 13, 2015 4:32am Oct 13, 2015 4:32am
just to share a personal viewpoint:
http://www.forexfactory.com/showthre...42#post8537142

Isn t it interesting to be able to remotely observe the individual and group collective behaviours, on top of " traders psychology".
Some may have " felt" some resistance to the views I have put forth in this thread they are for a valid viewpoint.
For When I am ready to help someone else be , not only a successful Forex trader, but a mindset trader what is it that would I put to them?
say, observe airconditioning or goo (Ac or GU) while watching the mibble (MBL) tell you as part of price action when to enter a trade and not. Would that be confusing. yep

I am not fussed whether "liked" or not for that is irrelevant in this text, my personal viewpoint from helping many others in varying facets of life to experiencing them having the emotional foundation that sets them for success. I personally
prefer to see the emotion and expression in someones eyes to having felt they are successful through an experience than the expression of shortened words to look like they are, for such a thing can not be bought, but is great to share.

So WHEN we all quote or follow some personality such as Kathy Lien or Mary McNamara or any other Forex writer or commentary, what are the great qualities they each bring out? one is the art of communication because none of us know who will be reading these threads no matter their life experience to do something good for themself / family. That is why i have deliberately put myself in your " firing line" of contempt to express something important.

There is good talent here, for if or when predictions like what Jim Rickards make come anywhere to coming true, there may be more financially stressed people looking to how Forexx trading may help them, the easire it is for them to read, for not everyone is "english read and writing" , explaining in full terms may seem slower or even less popular, but my reasoning is the gift is leaving the ability for anyone to understand the text to be successful.

Please enjoy the attached document, i hope it is of some use.
Attached File(s)
File Type: pdf Rickards_BigDrop_online.compressed.pdf   9.8 MB | 42,478 downloads
  • #61,417
  • Oct 13, 2015 4:45am Oct 13, 2015 4:45am
Quoting Freefox
{quote} Can you please clarify as I'm still very much learning I thought I was doing exactly what eelfranz was directing people to do - Keep it Simple. Price action supported the TDI cross over so not sure why it should it be rejected as a trade ? You seem to be agreeing with the previous poster - don't short at 68 levels, BUT I have read several times where eelfranz has said he loves shorting at these levels. Plus where is H1 going sideways - doesn't seem that way to me - the red candle was a clear directional move. And can you point...
Hello!

I will try to answer this for myself, and I also am looking forward for Big Emm's answer.

What is the direction of the H4 TF in this image?

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And what is the direction you chose to trade in?
  • #61,418
  • Oct 13, 2015 4:53am Oct 13, 2015 4:53am
Quoting catalin_eros
{quote} Hello! I will try to answer this for myself, and I also am looking forward for Big Emm's answer. What is the direction of the H4 TF in this image? {image} And what is the direction you chose to trade in?


Sure agree ... but what is it heading into? Look at the price action to the left - a clear resistance level. So to me Price Action is still showing supportive of a short on the H1 time frame with the TDI green crossover.

Basically, just following the rules and keeping it simple as per the name of the syatem; Does PA support the green crossover- Yes as far I can see? So why not take the trade?
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #61,419
  • Oct 13, 2015 5:00am Oct 13, 2015 5:00am
Quoting Freefox
{quote} Sure agree ... but what is it heading into? Look at the price action to the left - a clear resistance level. So to me Price Action is still showing supportive of a short on the H1 time frame with the TDI green crossover. Basically, just following the rules and keeping it simple as per the name of the syatem; Does PA support the green crossover- Yes as far I can see? So why not take the trade?

Try questioning yourself these below about that H1 trade setup:

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,420
  • Oct 13, 2015 5:11am Oct 13, 2015 5:11am
AN H4 trade.....
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Winners Never Quit, Quitters Never Win
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