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Trading Made Simple

  • #62,561
  • Nov 5, 2015 5:25am Nov 5, 2015 5:25am
Quoting tibovwh
HI emm, Any particular reason you don't follow NZDUSD? Good trading all,

You just reminded me that I need to do something about my open trades ...

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 45 H4 trades open.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,562
  • Nov 5, 2015 5:26am Nov 5, 2015 5:26am
Quoting haemdoc
Hi all, What is your opinion on EURUSD on H1? I took a short position. Thanks for your advice. {image}
You took a short position based on very short candles. This is when you need to be lucky to win. The overall trend is on your side, but the timing for short position is awful. My personal opinion.
  • #62,563
  • Nov 5, 2015 5:32am Nov 5, 2015 5:32am
Quoting emmanuel7788
{quote} You just reminded me that I need to do something about my open trades ... {image}
I thought I saw you post NU sometimes ! Quality trades. All sell trades taken on 15M signals?

Is this a trade invalidation ?
  • #62,564
  • Nov 5, 2015 5:35am Nov 5, 2015 5:35am
Quoting catalin_eros
{quote} You took a short position based on very short candles. This is when you need to be lucky to win. The overall trend is on your side, but the timing for short position is awful. My personal opinion.
Thank you for your advice. I am thinking the same
  • #62,565
  • Nov 5, 2015 5:35am Nov 5, 2015 5:35am
Having a net loss this week. Kept entering a consolidation wave. Times where i saw it closed outside the master candle, and i went short. But it went back up instead.
  • #62,566
  • Nov 5, 2015 5:40am Nov 5, 2015 5:40am
Quoting jeff90
Having a net loss this week. Kept entering a consolidation wave. Times where i saw it closed outside the master candle, and i went short. But it went back up instead.

Keep posting charts, especially losing trades, and the pros of this thread will help you, I am sure of that. They've been of great help so far.
  • #62,567
  • Nov 5, 2015 5:44am Nov 5, 2015 5:44am
Quoting tibovwh
{quote} I thought I saw you post NU sometimes ! Quality trades. All sell trades taken on 15M signals? Is this a trade invalidation ?

Yes, I do trade NU but I don't do the trade planningso not in my watchlist. One of my buddy living in Auckland is the Kiwi specialist and he does the Big Picture Planning and share among our group.

The trade entries were done in H1 but we have a view to the H4 and D1.
D1 is still very bearish but H4 is stalling now. My stops are in place and if these get taken out, I will look for re-entry following the D1 trend. We ae looking at 0.6500 as target.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,568
  • Nov 5, 2015 5:46am Nov 5, 2015 5:46am
Quoting jeff90
Having a net loss this week. Kept entering a consolidation wave. Times where i saw it closed outside the master candle, and i went short. But it went back up instead.

Please post your trades charts and we can help you here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,569
  • Nov 5, 2015 6:09am Nov 5, 2015 6:09am
Quoting emmanuel7788
{quote} Hi. Just read your PM about this post. Sorry I missed it and did not reply you. You can trade the 4H swing using H1 chart. It does not matter which broker you use and what the broker server time is. We all know different broker server time will show different H4 candles and we must not let this impact they way we trade. Some brokers will change their server time when DST changeover. Just stick to one broker, know the day open time which you will follow all the time and throughout the week. regards,
ok thanks Emm
Joining The 10%
  • #62,570
  • Nov 5, 2015 6:24am Nov 5, 2015 6:24am
Quoting emmanuel7788
Day candles and its 10EMA .. {image} GU big news late today, will GU close a big red candle?

10 EMA crossed with a big candle

thanks
  • #62,571
  • Nov 5, 2015 6:29am Nov 5, 2015 6:29am
Quoting mkfx
{quote} 10 EMA crossed with a big candle thanks

Yup. I love trading Day charts big candle.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 5 Nov big candle trades.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,572
  • Nov 5, 2015 6:30am Nov 5, 2015 6:30am
Hi all,
I would like some advice here - All the indicators are bearish, but the H1 PA and TDI are bullinsh. Would you buy or sit and watch?
Thanks again for your help.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-11-05 at 8.28.58 PM.png Size: 109 KB
  • #62,573
  • Nov 5, 2015 6:35am Nov 5, 2015 6:35am
Quoting Kubiasty
Iam short AUDUSD and GBPUSD {image}
GU +100 pips from yesterday evening:

Attached Image (click to enlarge)
Click to Enlarge Name: GU 1.png Size: 50 KB
  • #62,574
  • Nov 5, 2015 6:36am Nov 5, 2015 6:36am
Quoting haemdoc
Hi all, I would like some advice here - All the indicators are bearish, but the H1 PA and TDI are bullinsh. Would you buy or sit and watch? Thanks again for your help. {image}
Simple rule: For high probability trades, Do Not trade against the previous Day Big Candle ...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 5 Nov Big Candle.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,575
  • Nov 5, 2015 6:48am Nov 5, 2015 6:48am
Quoting emmanuel7788
{quote} Simple rule: For high probability trades, Do Not trade against the previous Day Big Candle ... {image}
Thanks a lot for your continued great help. Can i ask you why is my D1 candle showing blue? Is it my setting or is it really a red candle?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-11-05 at 8.47.11 PM.png Size: 50 KB
  • #62,576
  • Nov 5, 2015 6:52am Nov 5, 2015 6:52am
Quoting emmanuel7788
Day candles and its 10EMA .. {image} GU big news late today, will GU close a big red candle?
Hi Emmanuel,

We want to understand daily chart PA to guide us in taking 1 hr trade like you did here in GU.

PA was Still above 10 EMA and Green. But you short before the news. What was the basis of these short trades

Thanks

MK
  • #62,577
  • Nov 5, 2015 6:55am Nov 5, 2015 6:55am
Quoting mkfx
{quote} Hi Emmanuel, We want to understand daily chart PA to guide us in taking 1 hr trade like you did here in GU. PA was Still above 10 EMA and Green. But you short before the news. What was the basis of these short trades Thanks MK
I believe it was the 200ema plus fundamental from news, market sentiment was bearish.
  • #62,578
  • Nov 5, 2015 6:56am Nov 5, 2015 6:56am
Dear Emmanuel,

I sorted that out myself with teh candles.

Thank you.
  • #62,579
  • Nov 5, 2015 7:18am Nov 5, 2015 7:18am
Quoting mkfx
{quote} Hi Emmanuel, We want to understand daily chart PA to guide us in taking 1 hr trade like you did here in GU. PA was Still above 10 EMA and Green. But you short before the news. What was the basis of these short trades Thanks MK
Quoting Meihk
{quote} I believe it was the 200ema plus fundamental from news, market sentiment was bearish.
You need to follow every currency pair for months and you will know those big day candles were some events or news or data release.
The direction is usually determine by the higher timeframe and the market type.
You want to trade the higher TF like Day charts, you cannot use single entry and single exit. You need to consider to use Position Building to get into the market with several trade entries and to get an overall better entry price. You build position during the retracement of the day candle.
It was not simply the 200EMA alone, there was that BRN 1.5400 where the market will spike to. The 10EMA is just a belief many traders believe in. You need to know where the market technical stops are for Day candle trading.
Trading is about entries and exits. Sell high, but how high is high?

Attached Image (click to enlarge)
Click to Enlarge Name: Day candles and 10EMA add comments.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,580
  • Nov 5, 2015 7:22am Nov 5, 2015 7:22am
Quoting Meihk
{quote} I believe it was the 200ema plus fundamental from news, market sentiment was bearish.

Thanks Emmanuel,

Generally where you add positions we learners either stooped out or close first entry in loss, this is the difference in pro and learners.

Thanks for your help

MK
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