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Trading Made Simple

  • #61,481
  • Oct 14, 2015 1:47am Oct 14, 2015 1:47am
Quoting emmanuel7788
I have a new H4 candle open 1 hour ago. Except for EurNzd, I don't see any setup in my usual trading pairs. Anyone seen a valid setup on H4?
How about EUR/JPY 4H?
  • #61,482
  • Oct 14, 2015 1:52am Oct 14, 2015 1:52am
Quoting okoso
{quote} How about EUR/JPY 4H?

H4 not looking pretty...

Better to trade H1 during the first 1 to 3 hours of a new market session and pay attention to Euro news.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,483
  • Oct 14, 2015 2:00am Oct 14, 2015 2:00am
Quoting emmanuel7788
{quote} That bullish Outside Bar BUOB has good price momentum. You should be able to get some pips off this one. i sold yesterday and made 200pips and now holding my positions at average entry price 182.57
Me too did the same yesterday. No more selling at the moment only interested to buy. Weekly looks like near a trend line and at 61.8 level from the last swing. Your thought please.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-14_11-46-20GBPJPY-WK.png Size: 81 KB
Sad i'm not trying to understand PA
  • #61,484
  • Edited Nov 19, 2015 8:53am Oct 14, 2015 2:42am | Edited Nov 19, 2015 8:53am
Hi group I have got a great book on Trading Pshygology. It is a book from Mark Douglas dont know if you have ever heard about him, he is a expert in Trading Pshygology.


Enjoy

{ copyrighted attachment deleted by staff }
  • #61,485
  • Oct 14, 2015 2:44am Oct 14, 2015 2:44am
Well pleased with trading the system so far

Took 225 pips overnight on GBPAUD, adding to my average of 25 pips on USDCAD yesterday. First day of trading it Live.

Plus already taken a quick 147 pips on a GBPNZD short (see image below). I have just exited because into support and could be a double bottom.

Attached Image
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #61,486
  • Oct 14, 2015 2:45am Oct 14, 2015 2:45am
Quoting emmanuel7788
I have a new H4 candle open 1 hour ago. Except for EurNzd, I don't see any setup in my usual trading pairs. Anyone seen a valid setup on H4?

EURNZD Price Action setup at resistance ...

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD week 44 H4 PA setup 14 Oct.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,487
  • Oct 14, 2015 2:52am Oct 14, 2015 2:52am
Thanks Emm , when I read your post I looked at eu/nz , I had never traded this before -- and then I never made so many pips so fast before as this trade (78 pips ), You are awesome trader .
I also made 23 on GJ long , closed at res on Daily line I put in previously.
  • #61,488
  • Oct 14, 2015 3:09am Oct 14, 2015 3:09am
GBPJPY-H4...Got some News ahead
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-14_14-05-01GBPJPY-H4.png Size: 39 KB
Sad i'm not trying to understand PA
  • #61,489
  • Oct 14, 2015 3:29am Oct 14, 2015 3:29am
Quoting omonisha
GBPJPY-H4...Got some News ahead {image}
I got scared about news , came out too early , also I had a res line from daily -- but 23 pips is OK for me till I learn more
Attached Image (click to enlarge)
Click to Enlarge Name: GJ 14 10.png Size: 52 KB
I Think maybe it will fly up on news
  • #61,490
  • Oct 14, 2015 3:36am Oct 14, 2015 3:36am
Quoting robuk
{quote} I got scared about news , came out too early , also I had a res line from daily -- but 23 pips is OK for me till I learn more {image} I Think maybe it will fly up on news
Controlling emotion is a great part of trading. Excellent trading robuk My rest position out BE due to negative average earning news.

Happy pipin
Sad i'm not trying to understand PA
  • #61,491
  • Oct 14, 2015 3:37am Oct 14, 2015 3:37am
Quoting Freefox
Well pleased with trading the system so far Took 225 pips overnight on GBPAUD, adding to my average of 25 pips on USDCAD yesterday. First day of trading it Live. Plus already taken a quick 147 pips on a GBPNZD short (see image below). I have just exited because into support and could be a double bottom. {image}

Hi!
Nicely done!
I am curious if you read the pdf of Big E. I remember reading in Big E's pdf that when candles get smaller, when the TDI goes flat, makes a ckeckmark, curves, it is time to exit. But anyway, I am glad the trade worked out for you that well. And by the way, you are braver than me, for going live so soon.
  • #61,492
  • Oct 14, 2015 3:47am Oct 14, 2015 3:47am
Quoting omonisha
{quote} Controlling emotion is a great part of trading. Excellent trading robuk My rest position out BE due to negative average earning news. Happy pipin
yes, controlling emotions seems the most difficult part , I'm just trying to take small profits early till I can build up more confidence
Plus I don't need many pips to improve my life a great deal ,20/30 a day would be wonderful for me .

wishing Many Green pips for you too.
  • #61,493
  • Oct 14, 2015 3:52am Oct 14, 2015 3:52am
Quoting catalin_eros
{quote} Hi! Nicely done! I am curious if you read the pdf of Big E. I remember reading in Big E's pdf that when candles get smaller, when the TDI goes flat, makes a ckeckmark, curves, it is time to exit. But anyway, I am glad the trade worked out for you that well. And by the way, you are braver than me, for going live so soon.
Yes, I considered exiting when it went flat but London hadn't even opened at the time so I decided to give it time to develop. Glad I did
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #61,494
  • Oct 14, 2015 4:22am Oct 14, 2015 4:22am
Quoting omonisha
GBPJPY-H4...Got some News ahead {image}
Hi omonisha...isn't it difficult to trade H4 when there is alot of news in one day?
  • #61,495
  • Oct 14, 2015 4:30am Oct 14, 2015 4:30am
Is there anyone who found this opportunity? I think this is a good opportunity to intervene in the first small position.There is resistance, Prev-Frbo50%, and it is also a PB, IB
Attached Image (click to enlarge)
Click to Enlarge Name: 无标题1.png Size: 50 KB
  • #61,496
  • Oct 14, 2015 4:39am Oct 14, 2015 4:39am
Quoting sooma22
{quote} Hi omonisha...isn't it difficult to trade H4 when there is alot of news in one day?
Yes it is indeed. Many ways we can trade H4. Some news can be avoided some can not. When there is big news i trade H4 like scalping don't keep SL intact. Focus is to get BE as soon as possible.
Sad i'm not trying to understand PA
  • #61,497
  • Oct 14, 2015 4:47am Oct 14, 2015 4:47am
Quoting wheelbarrowe
Is there anyone who found this opportunity? I think this is a good opportunity to intervene in the first small position.There is resistance, Prev-Frbo50%, and it is also a PB, IB {image}


Why? No green cross over yet...
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #61,498
  • Oct 14, 2015 4:51am Oct 14, 2015 4:51am
Quoting omonisha
{quote} Controlling emotion is a great part of trading. Excellent trading robuk My rest position out BE due to negative average earning news. Happy pipin
I'm still riding the Dragon
Could do with some bad US data
Never argue with a fool; onlookers may not be able to tell the difference.
  • #61,499
  • Oct 14, 2015 4:54am Oct 14, 2015 4:54am
Quoting wheelbarrowe
Is there anyone who found this opportunity? I think this is a good opportunity to intervene in the first small position.There is resistance, Prev-Frbo50%, and it is also a PB, IB {image}
I'd wait for the TDI cross and check H4.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #61,500
  • Oct 14, 2015 4:54am Oct 14, 2015 4:54am
Quoting Lookleft
{quote} I'm still riding the Dragon Could do with some bad US data
Excellent LL news didn't do too much as i was watching and re-entered BE again lol
Sad i'm not trying to understand PA
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