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Trading Made Simple

  • #62,221
  • Oct 29, 2015 1:06am Oct 29, 2015 1:06am
Quoting pete.alfa
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Yes is a great video, I whould like to get my hand on the MTF Indicator.
  • #62,222
  • Oct 29, 2015 1:50am Oct 29, 2015 1:50am
Quoting emmanuel7788
Anyone trade H4 and suffer a loss at FOMC, post your chart for post-mortem analysis.
Good morning, Big Emm!

Waiting for the results of the autopsy.

I entered 4 hours before FOMC, on H4 TF, long, on EU, EG, EJ.

FOMC pierced through my SLs.
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  • #62,223
  • Oct 29, 2015 3:28am Oct 29, 2015 3:28am
Quoting emmanuel7788
{quote} I am in buy mode for all these pairs - EA, EN, GA, GN and UCad... we are at month end closing. Edit: All D1 chart trading with position building.
Thx for ur opinion. I had another look at my D1 Charts and updated my big picture. I gotta say that I'm intrigued by your direction.

-> AU and NU are indeed turning down

-> GU and EU are getting closer to resistance

-> End of month so corrections possible on GU and EU ?

Is this how you arrive at a long bias for GA GN EA EN? Because looking at their charts I'm still not really convinced but I do see potential due to aforementioned reasons... Would love to hear some more about ur reasoning.

Best,
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  • #62,224
  • Oct 29, 2015 4:17am Oct 29, 2015 4:17am
Quoting catalin_eros
{quote} Good morning, Big Emm! Waiting for the results of the autopsy. I entered 4 hours before FOMC, on H4 TF, long, on EU, EG, EJ. FOMC pierced through my SLs. {image} {image} {image}
On the EURJPY-H4 not much room for trade to run. Let us also learn please let us know your reason on those trade for long.
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Sad i'm not trying to understand PA
  • #62,225
  • Oct 29, 2015 4:23am Oct 29, 2015 4:23am
Quoting Hpt
{quote} Grzi Thomas, for example you can download a zip under traderathome's profile on FF, where I found a few interesting things, includes an news reader and access panel with time zones. But has nothing to do with TDI thread , so I think its not good to share here. Candles etc. you find behind the clip on top of each page ,but you know that. For the stuff behind TDI are much better traders and teachers here than I. Ade HPT

Hello HPT,
Thanks a lot for your feedback. I have downloaded the zip under traderathome's profile on FF. Consequently I have found all that I need in relation with candles and news reader.
It is only for esthetical and practical reasons; I agree with you that it has nothing to do with TDI thread. In this thread there are a lot of very experienced traders that help us with their advices.
Kind regards and good continuation in your traders.
Thomas.
  • #62,226
  • Oct 29, 2015 4:35am Oct 29, 2015 4:35am
Quoting omonisha
{quote} On the EURJPY-H4 not much room for trade to run. Let us also learn please let us know your reason on those trade for long. {image}
Hello, omonisha!

I entered long because I suspected a pullback is in place after such a big downward move. I checked the D1 and W1, and I saw red APBs. But still, I was stubborn enough to enter, based on the retracing plan. Which I still think it would have worked out, if the FOMC hadn't been scheduled.

I must admit I did not see the divergence. I must be more careful in the future.

I was 100 pips in profit before taking the Euro trades. Now I sit with minus 40 pips this week, so far.
  • #62,227
  • Oct 29, 2015 5:06am Oct 29, 2015 5:06am
G'day Everyone!!

I decided to enter this trade(EA) when price jumped from support with a good TDI angle(12-2) and when price closed above 200 EMA and BNL 1.54000. Hopefully it will hit my 1st target(20pips) so i can set my trade to break even.

Green Pips to everyone and thankyou for all the knowledge you are all sharing!!
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why do we fall? So we can learn to pick ourselves up.
  • #62,228
  • Oct 29, 2015 5:19am Oct 29, 2015 5:19am
does anybody have a simple way of drawing support and resistance levels I always draw to many and get confused Thankyou all
  • #62,229
  • Oct 29, 2015 5:30am Oct 29, 2015 5:30am
I used attached indicator for S/R
Attached File(s)
File Type: ex4 AutoPivotIndicator_ver5.ex4   32 KB | 305 downloads
File Type: mq4 AutoPivotIndicator_ver5.mq4   31 KB | 340 downloads
  • #62,230
  • Oct 29, 2015 5:33am Oct 29, 2015 5:33am
Quoting trade786
does anybody have a simple way of drawing support and resistance levels I always draw to many and get confused Thankyou all
where did I learn to draw support and resistance,

http://www.babypips.com/school/eleme...esistance.html

Learn how strat draw support and resistance:\

http://www.forexfactory.com/showthread.php?t=155459


Follow strat's THE PATH

http://www.stratsforextrading.com/dokuwiki/doku.php
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,231
  • Oct 29, 2015 5:39am Oct 29, 2015 5:39am
Quoting WayneTech
G'day Everyone!! I decided to enter this trade(EA) when price jumped from support with a good TDI angle(12-2) and when price closed above 200 EMA and BNL 1.54000. Hopefully it will hit my 1st target(20pips) so i can set my trade to break even. Green Pips to everyone and thankyou for all the knowledge you are all sharing!! {image}
Good entry Watch 1.5472 as it is a heavy S/R area
Never argue with a fool; onlookers may not be able to tell the difference.
  • #62,232
  • Oct 29, 2015 5:41am Oct 29, 2015 5:41am
Thankyou Emmanuel I will look into this now how's everyone's trading going I would like to watch that multi timeframe video that was posted but have to wait till I get home as it won't work on my phone
  • #62,233
  • Oct 29, 2015 5:42am Oct 29, 2015 5:42am
Quoting catalin_eros
{quote} Good morning, Big Emm! Waiting for the results of the autopsy. I entered 4 hours before FOMC, on H4 TF, long, on EU, EG, EJ. FOMC pierced through my SLs. {image} {image} {image}

These three H4 trades do not need detailed lengthy autopsy. They died of natural causes.

The market uses such events like NFP, FOMC, GDP, etc. to create liquidity and volatility to consume all the small stops place by most retail traders.

Simple rule for H4 trading. Trade away from the Week Open. Do not trade against the Weekly trend or direction bias.

Use the Weekly Open, High, Low and Close as support and resistance. Know the Average Weekly Range to place your exits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,234
  • Oct 29, 2015 5:47am Oct 29, 2015 5:47am
USDCAD 1H

I traded the breakout of the MC like Dean Malone's vid but quick loss..
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  • #62,235
  • Oct 29, 2015 5:56am Oct 29, 2015 5:56am
Hello all.
I am new here in this thread.
This will be my first post:
GBPCHF H4 seems to have a valid signal for sell isn't it?
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  • #62,236
  • Oct 29, 2015 6:02am Oct 29, 2015 6:02am
I've decided to go long on EJ hourly, based on H4 WRB. I know, a better signal would have been at the bottom of the WRB. On H1 I had a long signal, with the APB close above the channel, and TDI bounce.

I am expecting PA to go to the confluence of the TL and previous S turned into R, on H4. Also spotted divergence on H4, which increased confidence to go with the bulls for 40-50 pips. After that, I expect the downward movement to resume.

EJ H1:
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EJ H4:
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H4 WRB, which also contains IB:
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  • #62,237
  • Oct 29, 2015 6:03am Oct 29, 2015 6:03am
aqvilla look at the 2 red bars before they looked As if the trend was changing but continued back up look at the daily and weekly if the trend is up I would buy instead when heiken ashi turns blue again and tdi crosses to the upside
  • #62,238
  • Oct 29, 2015 6:13am Oct 29, 2015 6:13am
I could be wrong but that's how I am looking at the markets right now as I am finding it hard to look for turning points also gbpchf daily and weekly bars are blue
  • #62,239
  • Oct 29, 2015 6:21am Oct 29, 2015 6:21am
Hello everyone.

I took Buy trade on AUDCAD H4. Price was at H4 and Daily Support Zone.

I'm losing at this time.

Feedback pls.
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  • #62,240
  • Oct 29, 2015 6:22am Oct 29, 2015 6:22am
you need patience trading 4hr+ charts, theres only a few A++ trade in a month for daily and weekly chart.
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csethna