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Trading Made Simple

  • #62,621
  • Nov 5, 2015 9:23pm Nov 5, 2015 9:23pm
Quoting emmanuel7788
{quote} set your SL at the last swing high ~ 80.90 and TP at 84.00. walk away and come back in 4 hours weekly average range is about 205pips, if you take the current week high, then 205 pips down is about 79.80 and that where the Weekly will test its 10EMA again.
So it will be a breakeven? Is my entry bad?
  • #62,622
  • Nov 5, 2015 9:50pm Nov 5, 2015 9:50pm
Quoting emmanuel7788
{quote} Hi, about USDJPY, you will notice that I don't trade this pair because I am not the very short term type of trader. The average daily range and the average weekly range also do not fall into my criteria for 4H swing trading. The H1 ATR(100) is about 10pips. There is a trend in every timeframe and the UJ swings in H1 is just too narrow for my style of trading. You can trade H1 against the Primary Trend and it won't make much sense trading this low volatility pair unless you are an experienced scalper with deadly accuracy. check the volatility...
Could i ask your opinion on how you will decide to trade, if the D1 candle is green but below 10MA and H1 is green. Not necessarily the final (short/long decision ) but rather, the other things that you would think about.

Thanks again and again..
Attached Image (click to enlarge)
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  • #62,623
  • Nov 5, 2015 9:52pm Nov 5, 2015 9:52pm
Quoting snarlyjack3
{quote} Haemdoc, Let me look at my chart because I can see it better. After looking at my chart...the tdi levels was good & a tdi cross (green/red) about 2 days earlier. If you look at my chart...their was a bunch of levels setting just above the candle. If you look at the ASR (green dots) that shows short term support/resistence levels at that level. In my opinion: The trade was about 2 days late. I would be looking to liquidate the trade not entering a new trade. It would have been a good trade but your timing was off just a bit (by a day or two)....
Dear SJ
Thank you. It is nice to see even people with different trading techniques end up making money.. Do you keep your positions open for days? How do you decide your SL.

Thanks again..
  • #62,624
  • Nov 5, 2015 10:59pm Nov 5, 2015 10:59pm
hi emmanuel.i have added a line to your pic.can you tell me why you didnt take that line as a support?
how do you determine your S/R lines?

thanks to you for your help
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 45 6 Nov (1).png Size: 99 KB
  • #62,625
  • Nov 5, 2015 11:42pm Nov 5, 2015 11:42pm
Quoting emmanuel7788
{quote} Hi, about USDJPY, you will notice that I don't trade this pair because I am not the very short term type of trader. The average daily range and the average weekly range also do not fall into my criteria for 4H swing trading. The H1 ATR(100) is about 10pips. There is a trend in every timeframe and the UJ swings in H1 is just too narrow for my style of trading. You can trade H1 against the Primary Trend and it won't make much sense trading this low volatility pair unless you are an experienced scalper with deadly accuracy. check the volatility...
Thank you for your advice..
  • #62,626
  • Edited 2:12am Nov 6, 2015 1:43am | Edited 2:12am
Quoting kingpips288
{quote} Hi Lookleft, If I understand correctly you would not enter any trade at LO, you just wait a second candle in the same color or direction before taking any action? Often the LO candle has a lot of action, we can miss some good opportunities do you think? If the LO is the second candle of the same color following the FO, do you think it has more chance the first scenario I've mentioned? Thanks for your valuable advise.
Hi kingpips,
Yes I enter trades at LO although I prefer to wait for the LO APB to close to avoid what happened with EU and EG yesterday. They were examples where there had been a big drop the previous day followed by consolidation during Asian session. Price was also near a S/R region and the TDI was near the 32 level so you would need good momentum for a continuation of the price fall.
If you look back at LO you will see a lot of reversals at LO +1 . My H1 trading plan is to enter after LO has closed and set the direction unless there is clear PA at LO open. Yes I may leave some pips on the table but I reduce my risk. There is a long term saying that you should always wait for LO to close which works for me.
Hope this all makes sense.
Edit: I should say that I have a pet theory about reversals at LO on certain pairs.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #62,627
  • Nov 6, 2015 2:20am Nov 6, 2015 2:20am
Quoting secondpath
hi emmanuel.i have added a line to your pic.can you tell me why you didnt take that line as a support? how do you determine your S/R lines? thanks to you for your help {image}

I use the Line Chart which is the Close price for my support and resistance. Your line is based on the Low price.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,628
  • Nov 6, 2015 2:21am Nov 6, 2015 2:21am
Quoting haemdoc
{quote} Could i ask your opinion on how you will decide to trade, if the D1 candle is green but below 10MA and H1 is green. Not necessarily the final (short/long decision ) but rather, the other things that you would think about. Thanks again and again.. {image}

the D chart being the Primary Trend is down so I look for sell.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,629
  • Nov 6, 2015 2:24am Nov 6, 2015 2:24am
Quoting jeff90
{quote} So it will be a breakeven? Is my entry bad?
sorry type error TP should be 80.00.
but anyway looking at it now, it has not moved.
you have to decide.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,630
  • Nov 6, 2015 2:34am Nov 6, 2015 2:34am
Quoting Lookleft
{quote} Hi kingpips, Yes I enter trades at LO although I prefer to wait for the LO APB to close to avoid what happened with EU and EG yesterday. They were examples where there had been a big drop the previous day followed by consolidation during Asian session. Price was also near a S/R region and the TDI was near the 32 level so you would need good momentum for a continuation of the price fall. If you look back at LO you will see a lot of reversals at LO +1 . My H1 trading plan is to enter after LO has closed and set the direction unless there is...
I appreciate your reply, thank you!
  • #62,631
  • Nov 6, 2015 3:06am Nov 6, 2015 3:06am
Hi to all TMS traders

Those who want to trade Gold and E/U be careful of today news.


Attached Image (click to enlarge)
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Best regards
  • #62,632
  • Nov 6, 2015 3:09am Nov 6, 2015 3:09am
I do not see much to trade among my trading pairs. I suppose today will be very quiet. Everyone is patiently waiting for the NFP. I have no open positions at this time, and this week I stand with just a little over 100 pips profit from the TMS alone.
  • #62,633
  • Nov 6, 2015 3:14am Nov 6, 2015 3:14am
Quoting farhad10
Hi to all TMS traders Those who want to trade Gold and E/U be careful of today news. {image} Best regards

Oct NFP reversed XAUUSD, but will that happen again today?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,634
  • Edited 3:46am Nov 6, 2015 3:19am | Edited 3:46am
Quoting emmanuel7788
{quote} Oct NFP reversed XAUUSD, but will that happen again today?

Sellers were stronger than Buyers !
If the censuses would be as predicted, has no reverse and continue it's down trend to 1082 I think . myself have no trade on gold and E/U

Attached Image (click to enlarge)
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  • #62,635
  • Nov 6, 2015 4:10am Nov 6, 2015 4:10am
Quoting emmanuel7788
{quote} You just reminded me that I need to do something about my open trades ... {image}
Hello All,
Emmanueal7788 just want to say a Big Thank You for all you have been doing, you remind me of Arjun(Loveevery1).lol
pls, what is the ema setting on this your 4hrs NZDUSD chart?
Thanks
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  • #62,636
  • Nov 6, 2015 4:21am Nov 6, 2015 4:21am
Hi all,
I like to say that i've been trading this for a while. For now I'm even.
This is demo trade,anyone got this?
Attached Image (click to enlarge)
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Trade with 60
  • #62,637
  • Nov 6, 2015 4:47am Nov 6, 2015 4:47am
What you think... with today's NFP ...
Attached Image (click to enlarge)
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  • #62,638
  • Nov 6, 2015 4:52am Nov 6, 2015 4:52am
Made a little 30 pips on GA, got in late as was out in the sun .- lost a couple of pips on AU .that will do me for today, especially as its NFP later
Attached Image (click to enlarge)
Click to Enlarge Name: GA 6 11.png Size: 64 KB
  • #62,639
  • Nov 6, 2015 4:54am Nov 6, 2015 4:54am
Quoting kbforex
{quote} Hello All, Emmanueal7788 just want to say a Big Thank You for all you have been doing, you remind me of Arjun(Loveevery1).lol pls, what is the ema setting on this your 4hrs NZDUSD chart? Thanks
it's 5-period EMA , Typical Price, Shift+3

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,640
  • Nov 6, 2015 5:00am Nov 6, 2015 5:00am
Quoting emmanuel7788
{quote} it's 5-period EMA , Typical Price, Shift+3 {image}
As expected of you.
I SALUTE YOU WITH BOTH HANDS
Thanks
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