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Trading Made Simple

  • #61,501
  • Oct 14, 2015 5:29am Oct 14, 2015 5:29am
Quoting robuk
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.

78 pips... I am glad to be a small contribution to your win.

Big E is right. Trading H4 is less stress and we don't have look at our charts so often. Once every 4-hours is good, just need to know when the H4 candle closes and a new one open. Just like what Big E said, look at recent support and resistance. Look at how price reacts at those '00' level. Learn how Big E look at consolidation on his trading charts. he mention this in 31 posts.
Suits my lifestyle perfectly being retired. I don't need to look for precise entry on M15/M5 ... that's too fast for me.
It is all about entries and exits, money management is an important component in a winning system.
Attached Image (click to enlarge)
Click to Enlarge Name: Big E on consolidation.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,502
  • Oct 14, 2015 5:45am Oct 14, 2015 5:45am
Quoting emmanuel7788
{quote} 78 pips... I am glad to be a small contribution to your win. Big E is right. Trading H4 is less stress and we don't have look at our charts so often. Once every 4-hours is good, just need to know when the H4 candle closes and a new one open. Just like what Big E said, look at recent support and resistance. Look at how price reacts at those '00' level. Learn how Big E look at consolidation on his trading charts. he mention this in 31 posts. Suits my lifestyle perfectly being retired. I don't need to look for precise entry on...
H4 trading is sure less stressfull....but when i see a lot of news in one day for several days i become hesitant to enter any trade even with a good setup
  • #61,503
  • Oct 14, 2015 5:56am Oct 14, 2015 5:56am
Quoting sooma22
{quote} H4 trading is sure less stressfull....but when i see a lot of news in one day for several days i become hesitant to enter any trade even with a good setup
What you can do is, when you see a good setup, take it and exit 20 minutes before news announcement. That is what I do sometimes
  • #61,504
  • Oct 14, 2015 6:01am Oct 14, 2015 6:01am
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}

Hi,


Nice H1 pullback candle you spotted around confluence of several support & resistance with the BRN87.00.
Also a nice continuation of the previous Day bearish candle.
X-Man is our H1 specialist and his favorite is this Pullback candle around London session.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,505
  • Oct 14, 2015 6:13am Oct 14, 2015 6:13am
Quoting sooma22
{quote} H4 trading is sure less stressfull....but when i see a lot of news in one day for several days i become hesitant to enter any trade even with a good setup

Quoting stefan17
{quote} What you can do is, when you see a good setup, take it and exit 20 minutes before news announcement. That is what I do sometimes

The recent market volatility reacting to news/data release is making H4 trade management rather difficult.
Stefan is right that it is better to exit before the news / data release and not give back too much. We can always re-enter after the news.

Look at USDCAD, EURCAD and GBPCAD yesterday, those H4 candles are huge.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,506
  • Oct 14, 2015 7:10am Oct 14, 2015 7:10am
Quoting emmanuel7788
{quote} Hi, Nice H1 pullback candle you spotted around confluence of several support & resistance with the BRN87.00. Also a nice continuation of the previous Day bearish candle. X-Man is our H1 specialist and his favorite is this Pullback candle around London session. regards,
Hi，Emm，Thank you for your encouragement,Although it looks good at first, but it doesn't take the initiative, so I quit, and a little bit of a profit, I don't want to make a loss, because it doesn't look strong.
  • #61,507
  • Oct 14, 2015 7:40am Oct 14, 2015 7:40am
The latest $ news pushed AU a little higher, enough to give a clear buy signal. I know it shows the opposite on D1, but still... is anyone buying at the moment?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4-hf-markets-ltd-2.png Size: 46 KB

PS I'm not asking for any advice now, just wondering
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #61,508
  • Oct 14, 2015 7:41am Oct 14, 2015 7:41am
I'm still in ''little fish are sweet '' mode for now .
Attached Image (click to enlarge)
Click to Enlarge Name: Eu 14 14.png Size: 50 KB
  • #61,509
  • Oct 14, 2015 7:46am Oct 14, 2015 7:46am
Quoting wattaman
The latest $ news pushed AU a little higher, enough to give a clear buy signal. I know it shows the opposite on D1, but still... is anyone buying at the moment? {image} PS I'm not asking for any advice now, just wondering
I was looking at this as well, but I've got some doubt about this trade, and WHEN IN DOUBT STAY OUT!
  • #61,510
  • Oct 14, 2015 7:55am Oct 14, 2015 7:55am
Quoting stefan17
{quote} I was looking at this as well, but I've got some doubt about this trade, and WHEN IN DOUBT STAY OUT!
That's wise.
I'm also not sure it will hit my target, because of the D1 signal Anyway, I'm on + now, will set a TS and let it run.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #61,511
  • Oct 14, 2015 8:17am Oct 14, 2015 8:17am
AN D-chart trade +100 pips.....
Attached Image (click to enlarge)
Click to Enlarge Name: AN H4.png Size: 19 KB
Winners Never Quit, Quitters Never Win
  • #61,512
  • Oct 14, 2015 8:57am Oct 14, 2015 8:57am
Quoting emmanuel7788
{quote} 78 pips... I am glad to be a small contribution to your win. Big E is right. Trading H4 is less stress and we don't have look at our charts so often. Once every 4-hours is good, just need to know when the H4 candle closes and a new one open. Just like what Big E said, look at recent support and resistance. Look at how price reacts at those '00' level. Learn how Big E look at consolidation on his trading charts. he mention this in 31 posts. Suits my lifestyle perfectly being retired. I don't need to look for precise entry on...
Hi. I also took the EURNZD sell but letting a lot of pips slip away

Still learning.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4.png Size: 14 KB
  • #61,513
  • Edited 9:31am Oct 14, 2015 9:14am | Edited 9:31am
GBPJPY H4 +102
Entered on H1 at close above 183.00 walked up to H4. The dragon was a hard ride during the news events (nearly threw me off ) but SL was moved to -15 to allow for the spike and then stayed calm and waited for the price to move up which everything was showing it was going to do. TP was set to 184.20 which is one of my DPs. Still got a small position running which I may leave overnight depending on the next candle close.
Attached Image (click to enlarge)
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Never argue with a fool; onlookers may not be able to tell the difference.
  • #61,514
  • Oct 14, 2015 9:45am Oct 14, 2015 9:45am
Tuesday night does seem to be the best time to trade; could have been better and should have caught GJ, but still 120 pips overnight does give you a spring in your step. Big E, the legend continues
Attached Image (click to enlarge)
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  • #61,515
  • Oct 14, 2015 12:05pm Oct 14, 2015 12:05pm
Quoting Lookleft
GBPJPY H4 +102 Entered on H1 at close above 183.00 walked up to H4. The dragon was a hard ride during the news events (nearly threw me off ) but SL was moved to -15 to allow for the spike and then stayed calm and waited for the price to move up which everything was showing it was going to do. TP was set to 184.20 which is one of my DPs. Still got a small position running which I may leave overnight depending on the next candle close. {image}
Very nice LL. Re entry gave me +100 too
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-14_14-05-01GBPJPY-H4.png Size: 37 KB
Sad i'm not trying to understand PA
  • #61,516
  • Oct 14, 2015 2:28pm Oct 14, 2015 2:28pm
weak USD, 3 amigos rally higher.
AU and AJ be ready for Sydney/Tokyo session trading...with key Aussie data release.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,517
  • Oct 14, 2015 2:59pm Oct 14, 2015 2:59pm
I saw this setup this mornin on aud/usa.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_oct14.png Size: 86 KB
  • #61,518
  • Oct 14, 2015 6:58pm Oct 14, 2015 6:58pm
Quoting freebeans
I saw this setup this mornin on aud/usa. {image}

Good entry.

I did one trade entry too with PA and confluence of support and resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD week 44 14 Oct trade.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,519
  • Oct 14, 2015 7:15pm Oct 14, 2015 7:15pm
With this system you trading just in h4? how about 1d/1w/month?
  • #61,520
  • Oct 14, 2015 7:37pm Oct 14, 2015 7:37pm
Quoting emmanuel7788
{quote} Big E on using multiple entries in the CHS thread Post#2622 , Post#2629 , Post#2771 and Post#2912 Money Management Strategy for TMS: Post#48,008 Using...
Thanks emmanuel for the info, & thanks to Big E(RIP) & everyone in this thread. I have been studied this thread for few weeks.
I have some questions & please forgive me if these 2 questions have been asked.
1. what is your criteria of A+++ set up?
2. stop loss condition

Cheers
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