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Trading Made Simple

  • #62,241
  • Oct 29, 2015 6:26am Oct 29, 2015 6:26am
@ trade786
Thank you so much for insight.
Much apreciated
  • #62,242
  • Oct 29, 2015 6:32am Oct 29, 2015 6:32am
Quoting mustafafr010
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. {image}

a very strong move down this week and yesterday, it would take more that 3 candles to reverse the selling pressure.
you bought right into resistance seen to the left and also today Day Open, and that BRN0.9400.
not a good idea ..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,243
  • Oct 29, 2015 7:05am Oct 29, 2015 7:05am
Quoting Lookleft
{quote} Good entry Watch 1.5472 as it is a heavy S/R area

*** Update: 1st entry TPed 20, 2nd entry BE. Price seems to stay at that level probably because of the heavy S/R you mentioned. Thank You very much!!! I should learn to keep a sharper eye for those areas.
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why do we fall? So we can learn to pick ourselves up.
  • #62,244
  • Oct 29, 2015 7:06am Oct 29, 2015 7:06am
Quoting mustafafr010
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. {image}
look at the Day chart PA, it made a LH then a LL testing neck line and now 4hr bulls and bears are fighting!
  • #62,245
  • Oct 29, 2015 7:12am Oct 29, 2015 7:12am
Quoting catalin_eros
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: {image} EJ H4: {image} H4 WRB, which also contains IB: {image}
15 more pips and the TP would have been hit. Moved SL to BE, because I do not like the look of the H4 wick, although there are two more hours until candle close. And I was taken out on BE.
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  • #62,246
  • Oct 29, 2015 7:21am Oct 29, 2015 7:21am
Quoting catalin_eros
{quote} 15 more pips and the TP would have been hit. Moved SL to BE, because I do not like the look of the H4 wick, although there are two more hours until candle close. And I was taken out on BE. {image}
Hi there,

I like the direction but here is my D1 View on EURJPY.

132.22 is Monthly MC low and we did not close below.

Best,
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  • #62,247
  • Oct 29, 2015 7:33am Oct 29, 2015 7:33am
Quoting stefan17
{quote} When Trading with the price action channel, I close my trades when it moves back into price action channel, you get more pips this way, most of the time
Thanks Stefan I had a good stop although way too large for the amount of pips I was trying for. I got in a little late on that trade.
  • #62,248
  • Oct 29, 2015 7:39am Oct 29, 2015 7:39am
eurcad 4 hr looks good for a short daily trend is down candles need to turn red and currently hitting support turned resistance sorry just at work so cnt analyse in computer for now
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  • #62,249
  • Oct 29, 2015 7:41am Oct 29, 2015 7:41am
try using the 1hr for entry it could cross in an hour or so
  • #62,250
  • Oct 29, 2015 7:42am Oct 29, 2015 7:42am
Quoting tibovwh
{quote} Hi there, I like the direction but here is my D1 View on EURJPY. 132.22 is Monthly MC low and we did not close below. Best, {image}
Hi!

Thanks for the feedback! I was aiming only for 40-50 pips on the bulls side.

I am curious what your bottom indicator is.
  • #62,251
  • Oct 29, 2015 7:44am Oct 29, 2015 7:44am
gbpaud daily and 4hr are up and in blue heiken ashi 1hr has formed a blur candle waiting for next blue candle for entry as a bounce trade
  • #62,252
  • Oct 29, 2015 8:01am Oct 29, 2015 8:01am
eurcad 1hr is now falling
  • #62,253
  • Oct 29, 2015 8:26am Oct 29, 2015 8:26am
Quoting mustafafr010
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. {image}
It came down a long way, give the market time to settle firs, golden rule is expect congestion when the market has made a huge move
  • #62,254
  • Oct 29, 2015 9:04am Oct 29, 2015 9:04am
Quoting emmanuel7788
{quote} Hi Nelly, You can try create the TDI using the standard RSI indicator. Basically, what you do is to use the RSI data in the indicator window and apply a moving average to the RSI data and that will be the TDI PL (The Green line) The second TDI TSL line (Redline) is simply an 7EMA apply to the RSi data. Refer to the attachment which explains how this can be done. Hope this will work in your iPad. Regards, EMMANUEL {image}
Quoting Karpa
{quote} there's a edit button that lets you delete the images I don't like the TDI on the phone.. too flat and too many entries as you say {image}
That's what I did on my phone and it looks flat
on the phone it's not possible to uncheck the fixed minimum and maximum of the oscillator, there's no option for this
  • #62,255
  • Oct 29, 2015 9:07am Oct 29, 2015 9:07am
gbpaud trade doing well
  • #62,256
  • Oct 29, 2015 11:03am Oct 29, 2015 11:03am
Quoting catalin_eros
{quote} Hi! Thanks for the feedback! I was aiming only for 40-50 pips on the bulls side. I am curious what your bottom indicator is.
Aha I'm sorry I thought u were short there .. Diden't read thoroughly...

The bottom of my chart is signaling whenever the TDI crosses. It's build in my platform and gives me notification for all pairs on new candles

Best,
  • #62,257
  • Oct 29, 2015 11:37am Oct 29, 2015 11:37am
Quoting tibovwh
{quote} Aha I'm sorry I thought u were short there .. Diden't read thoroughly... The bottom of my chart is signaling whenever the TDI crosses. It's build in my platform and gives me notification for all pairs on new candles Best,
Yeah, I was long. And if I stuck to the plan, now I would have been with 50 pips in my pocket, because it went just as planned. But I got and I ended up with BE.
  • #62,258
  • Oct 29, 2015 12:03pm Oct 29, 2015 12:03pm
should i go long for u-chf?
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  • #62,259
  • Oct 29, 2015 12:06pm Oct 29, 2015 12:06pm
Quoting catalin_eros
{quote} Yeah, I was long. And if I stuck to the plan, now I would have been with 50 pips in my pocket, because it went just as planned. But I got and I ended up with BE.
It happens... Fear and greed

I'm looking at 4H chart now and I see a cross but #APB3. We bounced off that 132 level however and D1 TDI is oversold. Also divergence on 4H. Might attempt a small lot long... For the longer trend i'm still bearish however.
  • #62,260
  • Oct 29, 2015 12:26pm Oct 29, 2015 12:26pm
Quoting secondpath
should i go long for u-chf? {image}
Weak angle
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