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Trading Made Simple

  • #73,501
  • Nov 21, 2016 8:20pm Nov 21, 2016 8:20pm
Thanks a lot.really useful
I guess you are aUniversity professor before trader.
Quoting emmanuel7788
{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. {image} below chart shows the sell PA setup with a POP Gun setup. {image} 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.
  • #73,502
  • Nov 21, 2016 11:05pm Nov 21, 2016 11:05pm
Quoting okoso
Dear All, Practicing 1H entries, in the direction of D1. Hope to see your comments, Okoso {image} {image}
Another one on AUDUSD. There was a good setup for short at BRN 0.74.

okoso
Attached Image (click to enlarge)
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  • #73,503
  • Nov 22, 2016 12:06am Nov 22, 2016 12:06am
Gbpcad H1
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Attached Image (click to enlarge)
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  • #73,504
  • Nov 22, 2016 2:07am Nov 22, 2016 2:07am
Hi Emmanuel
Is this setup correct or IB?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.eH4.png Size: 81 KB
  • #73,505
  • Nov 22, 2016 2:09am Nov 22, 2016 2:09am
Quote
mortezakh
hey mate look gj h1 h4 nice shot
  • #73,506
  • Nov 22, 2016 2:44am Nov 22, 2016 2:44am
Gbpjpy h4 PA not looking good and tdi cross not clock 4_6
Quoting saranga
{quote} hey mate look gj h1 h4 nice shot
  • #73,507
  • Nov 22, 2016 2:49am Nov 22, 2016 2:49am
GU H4
setup maybe developing
  • #73,508
  • Nov 22, 2016 3:13am Nov 22, 2016 3:13am
Gbpcad h1 use 0.25 ADR(100) 45 pips tp
Hit TP
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.eH1a2.png Size: 81 KB
Quoting mortezakh
Gbpcad H1 {image}{image}
  • #73,509
  • Nov 22, 2016 3:26am Nov 22, 2016 3:26am
Quoting okoso
{quote} Another one on AUDUSD. There was a good setup for short at BRN 0.74. okoso {image}
Hi okoso,

I was looking at this one too, nice cross on the D1 in the make (also EURUSD).

Attached Image (click to enlarge)
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However the weekly chart TDI does concern me a bit.

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 39 KB


What are BN and BRN?

Thanks,
bunne
  • #73,510
  • Nov 22, 2016 4:24am Nov 22, 2016 4:24am
Quoting emmanuel7788
{quote} 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...
Hi Emmanuel, this chart is a good example from yesterday post
in this case, where should be the Technical stop loss if I keep MEME trading this D1 trend? since D1 have many HA candles already since setup candle, the Hard SL behind swing of D1 would be way to big for a reasonable R:R ratio.
I'm buying this pair for the last days and getting 0.2x ADR(100) as TP, but i'm using 1x ADR(10) as SL to calculate my lots because i'm not really sure where could be the thecnical SL in this case.

This is just an example, I'm doing it like this every time D1 get more and more distant from Setup Candle.
When Setup Candle happens in D1, I'm using the last D1 Swing as SL, after a couple of candles this swing gets too far and I change for ADR(100) to keep trading, should I still use the Swing? if so, my R:R would be terrible if I keep using 0.2x ADR as TP and distance between each ME order.

most of my loses come after D1 trend went a couple of HA candles away from setup candle and I keep trading the D1 trend.

Thanks for your teachings, i'm kinda consistent for the last months and it's all thanks to this concept you showed to us, of Range,ME and MTF analysis to understand What is the Trend i'm trading. Hopefully I'm soon swaping to full time trader thanks to you
  • #73,511
  • Nov 22, 2016 4:46am Nov 22, 2016 4:46am
Quoting bunne
{quote} Hi okoso, I was looking at this one too, nice cross on the D1 in the make (also EURUSD). {image} However the weekly chart TDI does concern me a bit. {image} What are BN and BRN? Thanks, bunne
Hi Bunne,

If you look carefully, I was actually going short (demo trade) on that AUDUSD setup. It did not go down as I wanted so I lost some pips there. Reviewing my trade, the reasons for the loss could be

a) I sold right the support (red line on below chart)
b) I sold against previous day bullish candle
c) I opened the trade at Frankfurt open, so there was not so much liquidity

Hope seniors comment on this one.

RN is for Round number like 100.50, 101.50 etc
BRN is Big round number like 100.0, 101.0 etc

Okoso
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1 update.png Size: 44 KB
  • #73,512
  • Nov 22, 2016 5:13am Nov 22, 2016 5:13am
Quoting okoso
{quote} Hi Bunne, If you look carefully, I was actually going short (demo trade) on that AUDUSD setup. It did not go down as I wanted so I lost some pips there. Reviewing my trade, the reasons for the loss could be a) I sold right the support (red line on below chart) b) I sold against previous day bullish candle c) I opened the trade at Frankfurt open, so there was not so much liquidity Hope seniors comment on this one. RN is for Round number like 100.50, 101.50 etc BRN is Big round number like 100.0, 101.0 etc Okoso {image}
Hi, Okoso!

If you look at the guppies, the PA closed inside them. You want PA to close under them to take a short position, in order to increase your chances. And to increase your chances even more, you should try to spot LHs/LLs. But in your image, I marked HHs/HLs, and tells us the PA has better chances to go up, not down.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1 update.png Size: 50 KB
  • #73,513
  • Nov 22, 2016 6:38am Nov 22, 2016 6:38am
Quoting catalin_eros
{quote} Hi, Okoso! If you look at the guppies, the PA closed inside them. You want PA to close under them to take a short position, in order to increase your chances. And to increase your chances even more, you should try to spot LHs/LLs. But in your image, I marked HHs/HLs, and tells us the PA has better chances to go up, not down. {image}
Hi Catalin

Truly appreciate your comments. Guppies are one of the topics in my learning agendas and your comment came at the right time.

Thanks,

okoso
  • #73,514
  • Nov 22, 2016 6:46am Nov 22, 2016 6:46am
Took USD/CAD shorts in response to rising oil - TMS bounce trade with break of MC

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  • #73,515
  • Nov 22, 2016 2:20pm Nov 22, 2016 2:20pm
are those set up on D1 AUDUSD and EURGBP?
Attached Image(s) (click to enlarge)
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  • #73,516
  • Nov 22, 2016 2:26pm Nov 22, 2016 2:26pm
In my opinion both of them not have good PA
Quoting AlexoBrawler
are those set up on D1 AUDUSD and EURGBP? {image} {image}
  • #73,517
  • Nov 22, 2016 4:49pm Nov 22, 2016 4:49pm
Quoting AlexoBrawler
are those set up on D1 AUDUSD and EURGBP? {image} {image}
Read Post#647 copy and paste below:

Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...

With bounce trades the odds are lower for your success... but it still works.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,518
  • Nov 22, 2016 4:55pm Nov 22, 2016 4:55pm
Quoting mortezakh
Thanks a lot.really useful I guess you are aUniversity professor before trader. {quote}

actually, I became a trader at young age, now I am a 'professor' or some may prefer to call me a FX Guru... LOL.
But I remain humble, not a guru, not a professional trader, ... but just an ordinary person who trades in his retirement years with no worries, ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,519
  • Nov 22, 2016 5:31pm Nov 22, 2016 5:31pm
Easier said than done, I use this method is not good, do not know why
  • #73,520
  • Nov 22, 2016 10:52pm Nov 22, 2016 10:52pm
Update on trades from Weekly Outlook - Also, watch out for potential AUD/NZD longs on the Daily Chart depending on today's close. Could be a good trade with technical's on the TMS system coming together with divergence in central bank policy between RBA and RBNZ....

Inserted Video
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