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  • #63,701
  • Nov 25, 2015 4:56am Nov 25, 2015 4:56am
Quoting Lookleft
EURUSD H1 Price had been rejected several times from YH and 2 strong rejections from 200ema. Entered after price broke below daily 10ema and the 89ema that I use. A situation like that with the break below the daily 10ema can sometimes produce a rapid fall. Nice TDI cross with price line and signal line moving in the same direction and MBL starting to turn down. TP set to BRN (1.060) as it had acted as strong support in the past. {image} Will be watching on the next H4 APB for a possible re entry at continuation.
Would you consider your last 2 bars in H1 as WRB? Even the last 2 bars in H4 APB are the highest range compare to the previous 3 to 5 price bars.
  • #63,702
  • Nov 25, 2015 5:06am Nov 25, 2015 5:06am
EURAUD H4 (+121 pips)
Straight forward entry on APB closing outside the PAC and trading away from the WO after price had been rejected by BRN(1.480). Nice TDI cross with price line and signal line moving together and separating with cross below 50 level. TP set at BRN (1.460) and profits taken along the way.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,703
  • Nov 25, 2015 5:13am Nov 25, 2015 5:13am
Great trades LL!

Some nice moves on EUR pairs today. I feel annoyed that I did not catch any of this but I should try not to chase I guess. Opportunities every day

Good trading all,
  • #63,704
  • Nov 25, 2015 5:19am Nov 25, 2015 5:19am
Quoting emmanuel7788
{quote} A WRB Wide Range Bar is a price bar which had the highest range compare to the previous 3 to 5 price bars. I posted many examples before. here is one good example USDCAD H4. If you do own to H1 now, you see a trade setup. {image} H1 chart below: {image}
Emmanuel how we can trade with WRB? please explain with examples. thanks
  • #63,705
  • Nov 25, 2015 5:21am Nov 25, 2015 5:21am
Quoting Fbps
{quote} Would you consider your last 2 bars in H1 as WRB? Even the last 2 bars in H4 APB are the highest range compare to the previous 3 to 5 price bars.
Hi Fbps,
If I'm honest, I don't take a lot of notice of WRB when I trade H1. It is too easy to get confused and talk yourself out of a trade by imagining things can go wrong by looking for things that might not be there.
That's why I don't have flashing lights and solar wind indicators on my charts
I look more at PA and react to the market keeping it as simple as possible and watch S/R which if you think about it is all WRB or MCs are , BRN and DOL.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,706
  • Nov 25, 2015 5:30am Nov 25, 2015 5:30am
Quoting tibovwh
Great trades LL! Some nice moves on EUR pairs today. I feel annoyed that I did not catch any of this but I should try not to chase I guess. Opportunities every day Good trading all,
Thanks tibovwh,
Yep market seems to have woken up a bit. There was a nice break out of EJ from the Asian session especially if you watched the M15 and EG (my best friend) did it's thing again
Always better to leave pips behind than give them away. There is always another trading day but you might not be able to afford another account.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,707
  • Nov 25, 2015 5:31am Nov 25, 2015 5:31am
I would like to know what is BRN and WO and how can we use that to our advantage
  • #63,708
  • Nov 25, 2015 5:37am Nov 25, 2015 5:37am
Quoting trade786
I would like to know what is BRN and WO and how can we use that to our advantage
Hi trade786
BRN is Big Round Number - price like 1.4800, 1.4900. This can act a S/R.
WO is weekly open price. You might have heard about trading away from the DO (daily open) on H1 trades. I use the same principal with the WO on H4 trades. Daily Open, Weekly Open and to an extent Session Open prices can all act as S/R.
It doesn't mean you can't trade into them just be aware of them. After all if price didn't break them we would all spend the rest of our lives trading in a very tight range.
Edit if you look at my EURAUD trade the BRN are to the right and the WO is the dotted red line.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,709
  • Nov 25, 2015 5:38am Nov 25, 2015 5:38am
HI T786,

Below is an example of EURJPY with WOL (Thick Green Line) and with BRN's (Thick black lines).

This simple chart shows they are of significance. How to incorporate it in your trading is up to you.
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2015-11-25 13.36.03.png Size: 82 KB
  • #63,710
  • Nov 25, 2015 5:42am Nov 25, 2015 5:42am
hey lookleft and tibovwh Thankyou for the responses man I have a lot to learn yet I will defiantly look into these if there helpful need to go through the whole thread to understand each element and implement them
  • #63,711
  • Nov 25, 2015 5:44am Nov 25, 2015 5:44am
lookleft awesome trade by the way sticking with the trend defiantly gives more pips
  • #63,712
  • Nov 25, 2015 5:49am Nov 25, 2015 5:49am
Quoting trade786
hey lookleft and tibovwh Thankyou for the responses man I have a lot to learn yet I will defiantly look into these if there helpful need to go through the whole thread to understand each element and implement them
There is a google drive folder with a lot of information. It is a lot of information and a lot of reading but I think it is worth it. Give yourself atleast 3 months to learn this system.
  • #63,713
  • Nov 25, 2015 5:57am Nov 25, 2015 5:57am
Quoting trade786
lookleft awesome trade by the way sticking with the trend defiantly gives more pips
Hi trade786,
One of the simplest bits of advice I can give to a newcomer is put a 200ema on your chart (it's the purple dotted line on my charts) and if price is below this look at being a seller, if it's above look at being a buyer. This will help you not to get caught in counter trend trades which can be tricky until you've gained a bit of experience.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,714
  • Nov 25, 2015 5:59am Nov 25, 2015 5:59am
Quoting rupasi
{quote} Hi there Catalin! Are your weekly high low levels an indi? Can you direct me to it? Thanks, it is very nice.
Hello, Rupasi!

I don't use it anymore, but here it is:
Attached File(s)
File Type: mq4 Big Os D W MN HiLo.mq4   7 KB | 355 downloads
  • #63,715
  • Nov 25, 2015 6:00am Nov 25, 2015 6:00am
Quoting Lookleft
EURAUD H4 (+121 pips) Straight forward entry on APB closing outside the PAC and trading away from the WO after price had been rejected by BRN(1.480). Nice TDI cross with price line and signal line moving together and separating with cross below 50 level. TP set at BRN (1.460) and profits taken along the way. {image}
Very nice, LL!
  • #63,716
  • Nov 25, 2015 6:03am Nov 25, 2015 6:03am
Thankyou look left is that the same for 1hr aswell or is it better to add a smaller ema
  • #63,717
  • Nov 25, 2015 6:05am Nov 25, 2015 6:05am
Quoting Lookleft
{quote} Hi Fbps, If I'm honest, I don't take a lot of notice of WRB when I trade H1. It is too easy to get confused and talk yourself out of a trade by imagining things can go wrong by looking for things that might not be there. That's why I don't have flashing lights and solar wind indicators on my charts I look more at PA and react to the market keeping it as simple as possible and watch S/R which if you think about it is all WRB or MCs are , BRN and DOL.

Thanks Lookleft, yes it was a bit confusing for me but it's good to know. At my current level, I better stick to the simplicity first until I can digest solid food
  • #63,718
  • Nov 25, 2015 6:06am Nov 25, 2015 6:06am
Quoting trade786
Thankyou look left is that the same for 1hr aswell or is it better to add a smaller ema
I have the 200ema on all charts as a rough and quick guide.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,719
  • Nov 25, 2015 6:17am Nov 25, 2015 6:17am
Quoting Lookleft
EURAUD H4 (+121 pips) Straight forward entry on APB closing outside the PAC and trading away from the WO after price had been rejected by BRN(1.480). Nice TDI cross with price line and signal line moving together and separating with cross below 50 level. TP set at BRN (1.460) and profits taken along the way. {image}
Yes LL that would be a great TMS trade with definition period
I Have Learned to Take Some Losses to Make Profits
  • #63,720
  • Nov 25, 2015 6:30am Nov 25, 2015 6:30am
Break even on GBP/USD
Attached Image (click to enlarge)
Click to Enlarge Name: 25_NOV_GBP_USD_SELL_1.5_PIPS_PROFIT.png Size: 56 KB
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