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Trading Made Simple

  • #66,401
  • Mar 1, 2016 11:07pm Mar 1, 2016 11:07pm
Quoting Dehyah
Hi Emmanuel7788, Where do I find the vertical Pipware chart that's the one on the right hand side of the chart? Thanks for your help.

Hi Dehyah,

I think your are looking for the older version which display the mini-charts on the right side of your chart.

Try these posts:

http://www.forexfactory.com/showthre...97#post6077297

or this thread by Stratman, the creator and owner of pipware tools.

http://www.forexfactory.com/showthread.php?t=198729

The newer version has better features.

How is your trading so far?

Have Fun!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,402
  • Mar 1, 2016 11:14pm Mar 1, 2016 11:14pm
Quoting tibovwh
{quote} I closed my basket last week. Let's see if we find a better opportunity to start anew. I'm wondering, let's say we get a correction in this WRB. What are the possible ways that will make you start a new basket. What are you looking at exactly? I would expect that we can look for 4H Setups of the WRB high which would be PASR. Then start these trades with low risk and build them for D1 position? Or would you trade this as regular 4H trade and wait till the D1 shows a breakout from the WRB and then start a basket? Best,
Quoting emmanuel7788
{quote} I do nothing now and wait till I see a D1 setup as we are in SELL zone.
The market will reward those who are disciplined and have patience ...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 09 WRB breakout candle.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,403
  • Mar 1, 2016 11:27pm Mar 1, 2016 11:27pm
Quoting emmanuel7788
{quote} I don't know what makron uses, but I use my eyes to see the natural support and resistance, you can see them only when you have clean charts, - previous swing highs and swing lows where the APB changes colour, take note of the close prices. - for H4 trading, I look at the previous weeks' Open High Low and Close OHLC, - the Big Round Number and round number 00 and 50 levels. - 10, 50 and 200 EMAs beibg dynamic S&R. support and resistance are not single price line, they are a small price zone or region where price will react to and this is...

AUDJPY H4 update:

There is no guarantee that we will get a sell setup today. But we have to wait and see what happens later during the European market sessions.
The bullish momentum was too strong by looking at the PA and the TDI. It will take a lot of selling pressure to bring this back down.
Note the TDI Green went outside the VB.... red flag!
Stochastic is way up in its over bought OB zone, but that does not mean there will be reversal so soon.
TDI uptrend can run from level 40 to level 80, and can stay above the 68-level for sometime before the market decides what to do next.


Trade Well and Trade Safe... the market is always right, get out when we are wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 09 2 Mar H4 trade potential.png Size: 110 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,404
  • Edited 1:35am Mar 2, 2016 12:51am | Edited 1:35am
Quoting emmanuel7788
{quote} You must have lots of years of trading experience . I don't recommend any new traders with little experience to use 2 minutes chart for timing. 3 timeframes is what we need- 1) for Trend 2) for Setups 3) for Timing what can we do if we want to use only 1) and 2) and do not want to use 3) for TIMING?

Emm:

Thanks for your insightful response. I have found that in filling out my chart; it has become cumbersome. Somehow in going through the details the big picture becomes lost as I drill down the lower timeframes. I had thought the reverse of what you mentioned that you focus on. Big picture will tell you what to trade. What to focus on for the week. Could you tell me witch pairs you disregard; for instance after your next weekly BPP? I don't want to be spoonfed, so don't tell my why you disregard them (hopefully I can see or find this for myself ;0) As for the correlation of currencies, I used to trade them. Say watch the Eur/Usd for strength and the USD/JPY for strength and Buy EUR/JPY. In essence when Euro starts moving or JPY starts moving they move in groups. Then of course the Euro profiles and the GBP profiles usually look similar....Wait a minute... Do you pick your individual pairs by trying to avoid being too much in the individual markets (say yen pairs) at the same time thus reducing exposure? But it sounds as if you are cherry picking these pairs too somehow using this information...

On another note: I'll take a crack at this question! If you only want to look for trend and setups and not worry about timing it you have two options.... 1. you can use pending orders after you spot a setup.... 2. the better option is using higher timeframes like the daily timeframe (or above) so you only have to check it once a day to time your entry. Course on the daily you can still use pending orders...

Regards

LazyLobster
"IN CASH WE TRUST"
  • #66,405
  • Mar 2, 2016 1:07am Mar 2, 2016 1:07am
Quoting emmanuel7788
{quote} {quote} The market will reward those who are disciplined and have patience ... {image}
So do you think we could start a new ME/ME basket now? It's a bounce...
Best regards, blackfriday
  • #66,406
  • Mar 2, 2016 1:44am Mar 2, 2016 1:44am
Quoting emmanuel7788
{quote} AUDJPY H4 update: There is no guarantee that we will get a sell setup today. But we have to wait and see what happens later during the European market sessions. The bullish momentum was too strong by looking at the PA and the TDI. It will take a lot of selling pressure to bring this back down. Note the TDI Green went outside the VB.... red flag! Stochastic is way up in its over bought OB zone, but that does not mean there will be reversal so soon. TDI uptrend can run from level 40 to level 80, and can stay above the 68-level for sometime...
Hello, Big Emm!

I would like to ask a few things about AJ, if that's ok:

On my W1 chart, I cannot seem to find the reason for wanting to buy. I see a WRB, followed by a long legged doji, then last W1 closed like a not so powerfully bullish candle. More like a sort of extended body spinning top kind of candle. So why are you bullish on it? The open/close is less than 80 pips, so that tells me it is not a powerful bullish W1 candle. Looking forward to your answer.
Attached Image (click to enlarge)
Click to Enlarge Name: ffa PNG.png Size: 64 KB

Another aspect that I wish to know is if you would go bearish on a bearish signal now on H4, since your BPP tells you to go with the bulls, and if your target would still be 60% of W1 ATR 52, knowing that today and tomorrow we may have some movement left, and then Friday comes, and markets may move slower.

I also sent you a PM, so please take a look when you have time! Thanks in advance!
  • #66,407
  • Mar 2, 2016 1:46am Mar 2, 2016 1:46am
Quoting ItaTrader93
Emmanuel, do you think this is a good setup? Down trend, PA under resistance. {image}
Dude, looking at your chart is like staring into the Sun.
  • #66,408
  • Mar 2, 2016 1:47am Mar 2, 2016 1:47am
Hi Guys can anyone tell me how to change the crosshairs to white on my mt4 chart? because i have been using a white background but now i try the black background, thanks
  • #66,409
  • Mar 2, 2016 1:53am Mar 2, 2016 1:53am
Quoting Scrambleguy
Hi Guys can anyone tell me how to change the crosshairs to white on my mt4 chart? because i have been using a white background but now i try the black background, thanks
Press F8, and then change the foreground colour to white.
  • #66,410
  • Mar 2, 2016 1:55am Mar 2, 2016 1:55am
Quoting Scrambleguy
Hi Guys can anyone tell me how to change the crosshairs to white on my mt4 chart? because i have been using a white background but now i try the black background, thanks

the MT4 cross-hair uses the chart default Foreground color setting. ...

also if you press on your mouse scroll wheel, it will bring up the cross-hair...

end of day for me so I will go get some ocean fresh air at maroubra bay and some nice dinner there.

back in few hours... you folks behave and trade safe,

and read my today's post and attempt the questions asked.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,411
  • Mar 2, 2016 2:07am Mar 2, 2016 2:07am
Quoting Scrambleguy
{quote} Great trading Makron, what stops are you using? and have you found some trades going into loss before they turn around?
SL under recent swing top/bottom, usually 2-3 candles
  • #66,412
  • Mar 2, 2016 2:08am Mar 2, 2016 2:08am
Quoting emmanuel7788
{quote} Hi, 5-mins and 15-mins works great for very short term scalpers. and if you use the PAC or Pro_PAC, you will do great when you are disciplined. got to go now, its my lunch hour ... my pizza is waiting. regards,
hi

for the pizza no problem ..... 😀🍕🍕
do you have any link on tf examples 5 min ....thank
  • #66,413
  • Mar 2, 2016 2:23am Mar 2, 2016 2:23am
does someone know what to do when PA break below the WRB S, but TDI is still above the red line, do you still enter.
why/why not?
  • #66,414
  • Mar 2, 2016 2:24am Mar 2, 2016 2:24am
For TIMING you can use ME at predetermined levels like you have have explained...???

Quoting emmanuel7788
{quote} You must have lots of years of trading experience . I don't recommend any new traders with little experience to use 2 minutes chart for timing. 3 timeframes is what we need- 1) for Trend 2) for Setups 3) for Timing what can we do if we want to use only 1) and 2) and do not want to use 3) for TIMING?
  • #66,415
  • Mar 2, 2016 2:31am Mar 2, 2016 2:31am
EN forming HS + BUOB + IB&MC breakout + strong momentum and 1st candle
Who wants to buy? I entered little lot

Problem is 130p SL. I think we need wait 4H candle close and wait for 38-50% retracement
Attached Image (click to enlarge)
Click to Enlarge Name: 03.02_EN.png Size: 58 KB
  • #66,416
  • Mar 2, 2016 2:34am Mar 2, 2016 2:34am
Quoting emmanuel7788
{quote} You must have lots of years of trading experience . I don't recommend any new traders with little experience to use 2 minutes chart for timing. 3 timeframes is what we need- 1) for Trend 2) for Setups 3) for Timing what can we do if we want to use only 1) and 2) and do not want to use 3) for TIMING?
We use 5 * 0,2 % with 0,5 ATR(100) distance.
Thank you for all your time, you investiert in teaching us.
  • #66,417
  • Mar 2, 2016 2:37am Mar 2, 2016 2:37am
Quoting catalin_eros
{quote} Press F8, and then change the foreground colour to white.
Thanks Catalin! good to see you back on here
  • #66,418
  • Mar 2, 2016 2:39am Mar 2, 2016 2:39am
Quoting emmanuel7788
{quote} the MT4 cross-hair uses the chart default Foreground color setting. ... also if you press on your mouse scroll wheel, it will bring up the cross-hair... end of day for me so I will go get some ocean fresh air at maroubra bay and some nice dinner there. back in few hours... you folks behave and trade safe, and read my today's post and attempt the questions asked.
Thanks Em, lucky you, my sister lives in manley
  • #66,419
  • Mar 2, 2016 3:13am Mar 2, 2016 3:13am
Quoting makron
EN forming HS + BUOB + IB&MC breakout + strong momentum and 1st candle Who wants to buy? I entered little lot Problem is 130p SL. I think we need wait 4H candle close and wait for 38-50% retracement {image}
Hi Makron!

I had spotted this H&S forming yesterday and now also seeing this BUEB. However, I see some other things: My upper trendline is still resistance and there is the 10EMA on D1 confluence. Also we trade right into the Weekly Open which can act as S/R...

On the D1 I see that WRB and failure to move lower since. 3/12 (Draghi day) seems to provide support with this structure so I see potential for a 4H long off the lows of this D1 WRB. Only I don't know if I want to take it when this candle closes

If we wait, it will be candle #3 and the R/R will be unfavorable.

What do others think?
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafdruk 2016-03-02 10.08.26.png Size: 113 KB
  • #66,420
  • Mar 2, 2016 3:54am Mar 2, 2016 3:54am
Quoting makron
EN forming HS + BUOB + IB&MC breakout + strong momentum and 1st candle Who wants to buy? I entered little lot Problem is 130p SL. I think we need wait 4H candle close and wait for 38-50% retracement {image}
It could work, but...

Yesterday's D1 had a bearish close, very close to its low, and when we look at last W1 candle, we see it closed bearish also. So we have two HTFs saying to take short signals. Besides, it is just a POTENTIAL inverted head and shoulders, since we haven't seen a break of the neckline just yet.

I want to sell it based on W1 and D1, so what I would like to see is a bump into the TL that Tibowh showed, and then a sell signal. If it breaks it, then comes the neckline, and it has to break that also, for a valid IHS pattern.

Monitor what PA does when it gets to the TL, if you want to keep your long position.

I am curious about Big Emm's opinion on this one, and also any other opinions.
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