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Trading Made Simple

  • #62,401
  • Nov 3, 2015 1:25am Nov 3, 2015 1:25am
Quoting Donquixote
{quote} hi mr emm , untill when this change of day open time going to over?

next year 2016 ...http://www.daylightsavingstimechange.org/
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,402
  • Nov 3, 2015 3:17am Nov 3, 2015 3:17am
Morning, guys!

I went short on EU, H1. We are still withing the WRB of H4. My target is near the low of the H4 WRB.
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The UC trade from yesterday is still in place, and currently 10 pips profit. I want to see PA break the upper TL and move towards my TP. SL is at BE now.
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  • #62,403
  • Nov 3, 2015 3:26am Nov 3, 2015 3:26am
GBPNZD 3Nov H1 trade:

Took this trade when price broke above TOK-5H high as the last H4 was a BUEB.
Scale out +36pips and BE remaining position for ther UK PMI data release.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD 3Nov H1 trade TOK_5H.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,404
  • Nov 3, 2015 3:33am Nov 3, 2015 3:33am
Has anyone traded the MC from H4 on AJ? I was sleeping, so I did not take the trade. But I would have entered on H1 when the high of MC was broken (H4 TDI confirmed), and the trade went up for 50+ pips.
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  • #62,405
  • Nov 3, 2015 3:42am Nov 3, 2015 3:42am
Quoting snarlyjack3
Ok...Everyone, Let's keep on trucking... Josh made a pdf file of the "BigE-full pdf". This document is worth it's weight in gold!!! I would suggest that everyone read this document. It only takes about 1 hour & it will help you... Thanks, sj {image}
Thanks Snarly - the chart is worth a thousand words.
  • #62,406
  • Nov 3, 2015 4:42am Nov 3, 2015 4:42am
Quoting catalin_eros
{quote} Your ABP are to small. You cannot enter based on those tiny bars. You need bigger ones, showing decision. And you are right, stochastics does not confirm the upper direction.
Ok, noted the tiny bars. Entry too late, should have skip this trade.
  • #62,407
  • Nov 3, 2015 4:46am Nov 3, 2015 4:46am
hi emm,

i shorted this trade. 1)tdi pointed at 4-6 direction 2) it break thru the WRB (5candles back)
Is my entry correct?
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  • #62,408
  • Nov 3, 2015 4:50am Nov 3, 2015 4:50am
2nd trade:

Waiting for it to break thru the WRB (5candles back). any other advice to trade this while waiting for it to break? H1 tf?
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  • #62,409
  • Nov 3, 2015 4:55am Nov 3, 2015 4:55am
Quoting catalin_eros
{quote} Actually, you are 33% right. It does not include WRB, that's an improvement I learnt from Big Emm. But Big E talks about the S/R and the trend. He asks traders about what the HTF is saying, before entering a trade.
Catalin, your acronym is killing me HTF? APB? Would help if you type out the name and I can google or make some sense to it. Thanks mate!
  • #62,410
  • Nov 3, 2015 5:10am Nov 3, 2015 5:10am
Quoting jeff90
2nd trade: Waiting for it to break thru the WRB (5candles back). any other advice to trade this while waiting for it to break? H1 tf? {image}
If there is no trade on H1 chances are there is no trade on any other TF. I assume you are looking to sell which is against the trend. You also have Yesterdays Low and a BRN (1.5400) acting as strong resistance. Wait for price to close below those points then look again. Patience is a virtue
Never argue with a fool; onlookers may not be able to tell the difference.
  • #62,411
  • Nov 3, 2015 5:14am Nov 3, 2015 5:14am
EN h1, GN h1 : showing sign of reversal?
  • #62,412
  • Nov 3, 2015 5:21am Nov 3, 2015 5:21am
Quoting Lookleft
{quote} If there is no trade on H1 chances are there is no trade on any other TF. I assume you are looking to sell which is against the trend. You also have Yesterdays Low and a BRN (1.5400) acting as strong resistance. Wait for price to close below those points then look again. Patience is a virtue
Agree.. Looks likes in H1 it bounce of yesterdays low again. Maybe i will do a buy and TP at today's high. What do you think?
  • #62,413
  • Nov 3, 2015 5:22am Nov 3, 2015 5:22am
Quoting catalin_eros
Has anyone traded the MC from H4 on AJ? I was sleeping, so I did not take the trade. But I would have entered on H1 when the high of MC was broken (H4 TDI confirmed), and the trade went up for 50+ pips. {image}
See Emmanuel Post 62,358

Stay away from AJ for H4 and D1 trading.
You can still trade H1 which has a ADR of 85 to 100 pips.
  • #62,414
  • Nov 3, 2015 5:22am Nov 3, 2015 5:22am
Quoting Lookleft
{quote} If there is no trade on H1 chances are there is no trade on any other TF. I assume you are looking to sell which is against the trend. You also have Yesterdays Low and a BRN (1.5400) acting as strong resistance. Wait for price to close below those points then look again. Patience is a virtue

Is it really against the trend though? Yesterday tested the 1.55 again (third or the fourth time) which is the W1 MC high. Day closed lower and 4H gave a cross.

Definatly agree with YL and 1.54 !

Best,
  • #62,415
  • Nov 3, 2015 5:34am Nov 3, 2015 5:34am
Quoting tibovwh
{quote} Is it really against the trend though? Yesterday tested the 1.55 again (third or the fourth time) which is the W1 MC high. Day closed lower and 4H gave a cross. Definatly agree with YL and 1.54 ! Best,
Been in an uptrend since last Thursday on H1 and H4. Remember every TF has a trend. Trade when they are all heading in the same direction and it's time for the pip wheel barrow
Never argue with a fool; onlookers may not be able to tell the difference.
  • #62,416
  • Nov 3, 2015 5:39am Nov 3, 2015 5:39am
Is that big red downarrow a master candle or WRB? Can i say tat two yellow line acting as a S/R?
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  • #62,417
  • Nov 3, 2015 5:42am Nov 3, 2015 5:42am
Quoting Lookleft
{quote} Been in an uptrend since last Thursday on H1 and H4. Remember every TF has a trend. Trade when they are all heading in the same direction and it's time for the pip wheel barrow
True last week ended kind off high. My D1 chart below. I want to sell high after that test of 1.55. Could be wrong but i'ma stick to my plan!

Best,

edit : the 15M closed below the 4H WRB/MC
Attached Image (click to enlarge)
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  • #62,418
  • Nov 3, 2015 5:49am Nov 3, 2015 5:49am
Quoting tibovwh
{quote} True last week ended kind off high. My D1 chart below. I want to sell high after that test of 1.55. Could be wrong but i'ma stick to my plan! Best, {image}
Im looking at H1 its testing YL. Shld be enterign short on it
  • #62,419
  • Nov 3, 2015 6:09am Nov 3, 2015 6:09am
Hi guys,

Got a questions. If our trade is already lower than yesterday's low. How do we determine our next exit point?
  • #62,420
  • Nov 3, 2015 6:17am Nov 3, 2015 6:17am
Quoting jeff90
Hi guys, Got a questions. If our trade is already lower than yesterday's low. How do we determine our next exit point?

what do you mean by trade is already lower than yesterday's low? are you trading H1 intraday or H4 swing trade?

your exit point depends on your exit strategy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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