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Trading Made Simple

  • #62,101
  • Oct 26, 2015 9:30pm Oct 26, 2015 9:30pm
Interesting opinions from all of you, always trying to keep an open mind.
  • #62,102
  • Oct 26, 2015 10:13pm Oct 26, 2015 10:13pm
Quoting firsttimer
{quote} i trade only the 1 hr in london and ny timing only. i find the tms probablility highest during london market and next is the probability in ny session (first 2 hours only). Ny session (1st 2 hours) is always tricky with fake breaks. besides this 2 markets, any more sessions with high probability?

Hi,

I think it is not the market session alone that we need to consider. We need to look at each currency pair and know its volatility throughout the trading day and also what move that currency pair.You need to know its hourly volatility distribution through the average trading day.

I trade AU, AJ and EJ during the Tokyo session right up to the London close. Tokyo morning session is good for 10 to 20 pips, don't look for more. Resty of the day you can try for 50pips on H1 trading.

The other pairs EU and GU is bet traded during the European/London market sessions from Frankfurt open to London close. Liquidity is still the highest during the London session hence the larger trading range in pips.

I don't trade the EA, EN, ECad, GA, GN, GCad on H1. These are best for 4H swing trading during the week.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,103
  • Oct 26, 2015 10:14pm Oct 26, 2015 10:14pm
Looking at these JPY pairs below, which is the price action when Tokyo open today?
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,104
  • Oct 26, 2015 10:23pm Oct 26, 2015 10:23pm
Posted two interesting charts, usually A/U and U/CAD trend is the opposite, so my plan is the following figure, perfect fit, waiting for verification.any comment?
Attached Image(s) (click to enlarge)
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  • #62,105
  • Oct 27, 2015 1:02am Oct 27, 2015 1:02am
Quoting wheelbarrowe
Posted two interesting charts, usually A/U and U/CAD trend is the opposite, so my plan is the following figure, perfect fit, waiting for verification.any comment? {image} {image}

Trading requires patience especially when you trade H4 timeframe and above. When you have patience, wait for the high probability trade setups, the winners will come to you.
But for many traders, they want to see money fast so they trade the lower timeframes. Over a long term, most of the 95% losers are from those trading the lower timeframes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,106
  • Oct 27, 2015 1:45am Oct 27, 2015 1:45am
Quoting Sasco_me
{quote} Dear Now you can change the position (corner) of the Arrows . . update (Now the dimension of the pic. work properly )... Thanks {file}
Many thanks Sasco_me, but the corner field doesn't place the indicator in the corner that should be.....
  • #62,107
  • Oct 27, 2015 1:51am Oct 27, 2015 1:51am
Quoting emmanuel7788
{quote} Trading requires patience especially when you trade H4 timeframe and above. When you have patience, wait for the high probability trade setups, the winners will come to you. But for many traders, they want to see money fast so they trade the lower timeframes. Over a long term, most of the 95% losers are from those trading the lower timeframes.
Your suggestion is very good Emma, I think this is the direction I need to work in the future, with a small position, higher timeframes, in return for a more stable profit, less pressure, less time to stare, thank you very much, I think I should try to H4+ trading, open a small account, from 0.01 lot
  • #62,108
  • Oct 27, 2015 2:27am Oct 27, 2015 2:27am
Hello to all Tms traders

Euro/Usd

The channel was broken last week and now price is retracing . Look at H4


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD#H4.png Size: 54 KB



I think that the next target will be 1.0500 and it is possible that euro equalize it's price with USD at 1.000 !


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD#Daily.png Size: 55 KB



Green pips to all of you
best regards.
  • #62,109
  • Oct 27, 2015 2:31am Oct 27, 2015 2:31am
Thanks for ur guide. I took sht 1.1065, tp 1.0996
  • #62,110
  • Oct 27, 2015 2:53am Oct 27, 2015 2:53am
Quoting emmanuel7788
{quote} my chart has two TDI in the same sub-window for comparison in realtime live market. yours show only the TDI RT.
Hi Big Emm,

If you don't mind could you attach you indicator (TDI in the same sub-window).
Many many thanks in advance.

Regards,
  • #62,111
  • Oct 27, 2015 2:56am Oct 27, 2015 2:56am
Quoting farhad10
Hello to all Tms traders Euro/Usd The channel was broken last week and now price is retracing . Look at H4 {image} I think that the next target will be 1.0500 and it is possible that euro equalize it's price with USD at 1.000 ! {image} Green pips to all of you best regards.
I am watching how it will close this month end.
1.097 is support and if this week H4 can test last week's low ... we can prepare for next month's position trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,112
  • Oct 27, 2015 2:58am Oct 27, 2015 2:58am
Quoting jay280584
{quote} Hi Big Emm, If you don't mind could you attach you indicator (TDI in the same sub-window). Many many thanks in advance. Regards,

You have already the TDI RT in the sub-window.
Next you drag and drop the TDT Red Green into that same sub-window and make sure you set the line colour and thickness to show differently.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,113
  • Oct 27, 2015 3:05am Oct 27, 2015 3:05am
AUDUSD 27 Oct H4 ... one hour to the next new H4 candle.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 27 Oct H4 TDI compare LO.png Size: 48 KB


watching closely this current H4 close and the TDI Red Green will hook back up if the price close higher than previous close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,114
  • Oct 27, 2015 3:18am Oct 27, 2015 3:18am
Quoting emmanuel7788
{quote} Hi DD, I am not an expert but an ordinary trader who is very disciplined in following a consistent approach which is time tested. One same Big Picture and I trade all different timeframes. In trading the 4H swing, I look for trades between those Historical Swing Levels seen using the Monthly Line Chart. Once down to my trading timeframe, my chart is H4 using the 5-Method template. It is easy to see the previous Weeks on the H4 chart when we zoom out on our H4 chart. Look at the previous week Open, High, Low and Close, these are the natural...

If you have read the USDCAD Big Picture,
this is how I trade the H4.
Need patience ...

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 44 H4 trading.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,115
  • Oct 27, 2015 3:27am Oct 27, 2015 3:27am
Quoting emmanuel7788
{quote} You have already the TDI RT in the sub-window. Next you drag and drop the TDT Red Green into that same sub-window and make sure you set the line colour and thickness to show differently.
Hi Big Emm,

Thanks for the guide. I've got it. Thanks a lot.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 18 KB
  • #62,116
  • Oct 27, 2015 3:34am Oct 27, 2015 3:34am
Quoting emmanuel7788
{quote} Hi, I think it is not the market session alone that we need to consider. We need to look at each currency pair and know its volatility throughout the trading day and also what move that currency pair.You need to know its hourly volatility distribution through the average trading day. I trade AU, AJ and EJ during the Tokyo session right up to the London close. Tokyo morning session is good for 10 to 20 pips, don't look for more. Resty of the day you can try for 50pips on H1 trading. The other pairs EU and GU is bet traded during the European/London...
Hi Big Emm,

1. When selecting the pair for trading do you consider the upcoming news (fundamental news) or solely depend on confirmation of PA and TDI/Stochastic?
2. If yes, based on your experience which is best and profitable time to enter trade is it before the news of after news?

Regards
  • #62,117
  • Oct 27, 2015 3:34am Oct 27, 2015 3:34am
Quoting jay280584
{quote} Hi Big Emm, Thanks for the guide. I've got it. Thanks a lot. {image}

Good.
But...
Why do you put the Synergy_Pro-TDI and the TDI RT ins the same window?
They do not have the same RSI parameters.

Read post#59,624
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,118
  • Oct 27, 2015 3:40am Oct 27, 2015 3:40am
Quoting jay280584
{quote} Hi Big Emm, 1. When selecting the pair for trading do you consider the upcoming news (fundamental news) or solely depend on confirmation of PA and TDI/Stochastic? 2. If yes, based on your experience which is best and profitable time to enter trade is it before the news of after news? Regards

When Big E trade the H4, he did not bother about news release.

My experience is when I trade the D1 and W1 charts, news seldom reverse the market.

But when you are trading H1 and below, that's when all the traders get slaughtered with their small stops.

Trading news is more speculation.

Trading should be about technicals + fundamentals + market sentiments.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,119
  • Oct 27, 2015 3:45am Oct 27, 2015 3:45am
AUDUSD H1 traders:

If you are trading AU on H1, what is the Asian high-low range so far?

How will you catch 20 ~ 30 pips later today?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,120
  • Oct 27, 2015 4:10am Oct 27, 2015 4:10am
GBPUSD H1 27 Oct 30 mine to UK GDP data release.

PA hangs around 1.5350 but the data already known ....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 27 Oct H1 before GDP.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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