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Trading Made Simple

  • #73,481
  • Nov 21, 2016 4:07am Nov 21, 2016 4:07am
Quoting saranga
update {image} {image}
Hi saranga! Excellent trades, congratulations
Winners Never Quit, Quitters Never Win
  • #73,482
  • Nov 21, 2016 4:18am Nov 21, 2016 4:18am
Quote
Quoting saranga
update {image} {image}
Hi saranga! Excellent trades, congratulations
Winners Never Quit, Quitters Never Win
  • #73,483
  • Nov 21, 2016 5:20am Nov 21, 2016 5:20am
Actually I don't have plan b, but I working on.I try learn from you about plan b.for now I use 0.25 tp for h1 and last swing low for sl.(when I trade h1 I scalp) .
Quoting emmanuel7788
{quote} that is a counter trend trade ... Plan A. what is the ADR -100 days for this pair? if price fails to make it up to the 100-days ADR, it may reverse, do you have a Plan B trade in your trade plan? Edit... add chart to show ADR on H1 chart {image}
  • #73,484
  • Nov 21, 2016 6:08am Nov 21, 2016 6:08am
Its great to see our group TMS Growth Group do BPP and it comes off well... its very nice when you plan and discuss.. different people offer a different perspective to your thinking!!

Trade well you all!
It's in fear when people show what they truly value.
  • #73,485
  • Nov 21, 2016 6:18am Nov 21, 2016 6:18am
update total 1007pip
https://join.skype.com/J4UgttBWv37p
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture21.jpg Size: 150 KB
Click to Enlarge Name: Picture22.jpg Size: 141 KB
Click to Enlarge Name: Picture23.jpg Size: 121 KB
Click to Enlarge Name: Picture24.jpg Size: 128 KB
  • #73,486
  • Nov 21, 2016 6:19am Nov 21, 2016 6:19am
NJ D1 trade, good tdi angle....
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYDaily.png Size: 62 KB
Winners Never Quit, Quitters Never Win
  • #73,487
  • Nov 21, 2016 6:25am Nov 21, 2016 6:25am
Quoting emmanuel7788
{quote} I have questions, how often do you re-start your MT4 trading platform? do you refresh your charts when you have open trades?
Hi emmanuel7788! I've a very busy day job schedule, so i can't monitor my charts all day long, and i can only check my charts for 3-5 times during the whole day to see how the things are going, usually at the start of a new 4 hour candle. If i see that things are not going my way, i usually close for few negative pips. Plenty of opportunities are always there. Secondly, no i do not refresh my charts.
Best regards,
Winners Never Quit, Quitters Never Win
  • #73,488
  • Nov 21, 2016 6:27am Nov 21, 2016 6:27am
Quote
NJ D1 trade, good tdi angle...
nice entry mate
  • #73,489
  • Nov 21, 2016 6:29am Nov 21, 2016 6:29am
Quoting saranga
{quote} nice entry mate
thnx a lot buddy
Winners Never Quit, Quitters Never Win
  • #73,490
  • Nov 21, 2016 6:37am Nov 21, 2016 6:37am
Quoting saranga
update total 1007pip https://join.skype.com/J4UgttBWv37p {image} {image} {image} {image}
Hi saranga! You don't need a wheel-borrow, instead u need a truck to carry these massive pips at home...
Winners Never Quit, Quitters Never Win
  • #73,491
  • Nov 21, 2016 6:42am Nov 21, 2016 6:42am
Quote
Quoting saranga
update total 1007pip https://join.skype.com/J4UgttBWv37p {image} {image} {image} {image}
Hi saranga! You don't need a wheel-borrow, instead u need a truck to carry these massive pips at home...
long time trading best baddy
  • #73,492
  • Edited 10:03am Nov 21, 2016 8:31am | Edited 10:03am
First Update on two trades initiated today on AUD/NZD and EUR/GBP pairs. I highlighted both of these in my Big Picture Planning and this is how I did it ...

Inserted Video
  • #73,493
  • Nov 21, 2016 8:47am Nov 21, 2016 8:47am
Brief question. Hopefully I can make myself clear.

According to the rules, trading h4 during london hours, we look at a good TDI cross at the opening of a new candle. Thats more than clear.
Looking at some printscreens posted here however, I see that people have set their TDI based on the candle close. This made me wonder.

If one is training on old charts, and set TDI to form on candle close, you'll probably see quite a lot of difference in the TDI. It also works for the exits imho. You want to spot the situation at the beginning of a candle, since that is per the rules. But with the charts setup to form the TDI at the close of the candle... you will get different pictures. This may cause you either to enter too soon or late, but same applies to your exit. Again, this probably wont affect the actual trades one makes right now, but when one studies...

Any opinions about this?
  • #73,494
  • Nov 21, 2016 4:53pm Nov 21, 2016 4:53pm
Quoting mortezakh
Actually I don't have plan b, but I working on.I try learn from you about plan b.for now I use 0.25 tp for h1 and last swing low for sl.(when I trade h1 I scalp) .{quote}

Hi,

This is an example what a Plan B trade would have been after Plan A did not run to the ADR( 100days) target and the PA reversed. Note that in this trades example, both buy and sell trades did not reach the ADR(100days) range.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Nov 21 H1 ISM ADR.png Size: 61 KB


below chart shows the sell PA setup with a POP Gun setup.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Nov 21 H1 ISM ADR 2updated.png Size: 84 KB


To trade H1, you have to be there at your PC and check every H1 candle closed for potential trades.
But with experience, you will know if there will be trade potential and by using price alerts, that would help.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,495
  • Nov 21, 2016 5:12pm Nov 21, 2016 5:12pm
Quoting emmanuel7788
{quote} Hi HSN, I don't trade any CHF pairs but I just did a quick analysis on D1 chart. That H4 did lose some momentum, that is quite normal after London session closed and the US second half session is usually quiet with low liquidity. The Asian morning session also usually quiet. You can consider convert this H4 trade to D1 trade now that you have your SL at Entry Price , it's s free trade. Potential target is between BRN 0.7500 and 0.7525 , that is the Wide Range Bar WRB of Oct 20. Let the market decide. Trade Well.
CADCHF Update Week 47:

This pair is running up nicely on D1 chart.
Trade management wise, to maximise profits, we manage on D1 chart by trailing behind the previous Day low. When market pause, we will see small D1 candles , this is when we have to decided to tighten our protective trailing stop which will very likely be taken out by the market.
If you trade H4, most often you miss the trending move becasue you will exit your trades after London session closes and NY afternoon session has low liquidity and the TDI will either go flat or slope backwards with small H4 candles.

Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF Week 47 D1 chart update.png Size: 81 KB


When we trade H4, we should look for opportunity to convert our trades to D1 and manage in D1. This is one way to "let profits run". And we can maximise profits by scaling in more positions - trade like investors.

Learn the basics of scaling in and scaling out and use these to help you make more money by making your money work harder for you.

http://www.babypips.com/school/under...s-scaling.html

Trade Well folks,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,496
  • Nov 21, 2016 5:15pm Nov 21, 2016 5:15pm
Quoting ensale
Its great to see our group TMS Growth Group do BPP and it comes off well... its very nice when you plan and discuss.. different people offer a different perspective to your thinking!! Trade well you all!

more eyes see more....

now your group should set new objectives for 2017 and discuss action plan for 2017.

Do your 2017 business trading plan together .. is one very important work to complete.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,497
  • Nov 21, 2016 5:19pm Nov 21, 2016 5:19pm
Quote

  1. emmanuel7788

hey emu gj shot good ? stong resistant
  • #73,498
  • Nov 21, 2016 5:43pm Nov 21, 2016 5:43pm
Quoting saranga
{quote} hey emu gj shot good ? stong resistant

GBPJPY H1 intraday short is good. Just look at PA around the BRN/RN 00/50 levels and the ADR markers.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week 47 Nov 22 H1 ADR.png Size: 66 KB


got to go now, talk later when I reach my next pit stop before the sun sets and it get dark quickly.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,499
  • Nov 21, 2016 5:47pm Nov 21, 2016 5:47pm
Quote
GBPJPY H1 intraday short is good. Just look at PA around the BRN/RN 00/50 levels and the ADR markers.

Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1479778889


got to go now, talk later when I reach my next pit stop before the sun sets and it get dark quickly.
thank emu
  • #73,500
  • Nov 21, 2016 7:35pm Nov 21, 2016 7:35pm
Dear All,

Practicing 1H entries, in the direction of D1.

Hope to see your comments,

Okoso
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCADH1 22 nov.png Size: 49 KB
Click to Enlarge Name: USDJPYH1 22 nov.png Size: 49 KB
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