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Trading Made Simple

  • #75,781
  • Feb 10, 2017 3:15am Feb 10, 2017 3:15am
Quoting frenchy.fx
This will be my entrys tell me if im wrong? {image} {image} {image}

those setups look okay following 5-Method basics.

but the last 2 hours were Tokyo session traders closing shop and now the London session traders will decide the next 4 hours until the NY session traders start their trading day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,782
  • Feb 10, 2017 3:36am Feb 10, 2017 3:36am
Quoting emmanuel7788
{quote} those setups look okay following 5-Method basics. but the last 2 hours were Tokyo session traders closing shop and now the London session traders will decide the next 4 hours until the NY session traders start their trading day.
Were can i find more information about the but the last 2 hours were Tokyo session traders closing shop and now the London session traders will decide the next 4 hours until the NY session traders start their trading day.
  • #75,783
  • Feb 10, 2017 3:39am Feb 10, 2017 3:39am
Quoting frenchy.fx
{quote} Were can i find more information about the but the last 2 hours were Tokyo session traders closing shop and now the London session traders will decide the next 4 hours until the NY session traders start their trading day.
Hi Frenchy,

It's only timezones
  • #75,784
  • Feb 10, 2017 3:41am Feb 10, 2017 3:41am
Quoting ftwforex
{quote} Hi Frenchy, It's only timezones
I meant like i didnt knew those session were important and when to enter a specific time.
  • #75,785
  • Feb 10, 2017 3:43am Feb 10, 2017 3:43am
Quoting frenchy.fx
{quote} Were can i find more information about the but the last 2 hours were Tokyo session traders closing shop and now the London session traders will decide the next 4 hours until the NY session traders start their trading day.
at the bottom of your FF page,
you will see this:

Attached Image (click to enlarge)
Click to Enlarge Name: FF Market Hours.png Size: 371 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,786
  • Feb 10, 2017 3:44am Feb 10, 2017 3:44am
http://www.tradersq.com/gs3.htm

interesting article by a math prof from my university class
I didn't know he was trading back then
  • #75,787
  • Feb 10, 2017 3:45am Feb 10, 2017 3:45am
Quoting frenchy.fx
{quote} I meant like i didnt knew those session were important and when to enter a specific time.

those market session hours are not so important when you trade D1 chart.

but when you trade H1, it is a different story.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,788
  • Feb 10, 2017 3:50am Feb 10, 2017 3:50am
Well people in Asia have different perceptions of the markets than people in Europe and people in Europe just copy NY for sentiment - in the mean time London has a 4-5 hours window where they can influence - and mind you they usually do and this is THE most important session currency wise but money flow is decided by the NY session. Asia is not really important. They can set expectation levels for Europe but they already got those from the closing session on US stocks.

Am I completely off target here??
  • #75,789
  • Feb 10, 2017 3:57am Feb 10, 2017 3:57am
and again another good article. this time about RSI and price

http://www.trade2win.com/articles/17...ice-formations

dont be discouraged by heavy use of math equations, you can skip this if you like
  • #75,790
  • Feb 10, 2017 3:58am Feb 10, 2017 3:58am
Quoting frenchy.fx
This will be my entrys tell me if im wrong? {image} {image} {image}

Fear and Greed with big candles:

Attached Image (click to enlarge)
Click to Enlarge Name: GJ Fear and Greed with Big candle.png Size: 56 KB


but TMS 5-Method traders follow some rules. Post#647

they check if the candles at the reversal are big candles, or small candles, then decide if the setup is good.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,791
  • Feb 10, 2017 4:23am Feb 10, 2017 4:23am
Quoting emmanuel7788
{quote} Fear and Greed with big candles: GJ Fear and Greed with Big candle.png;2182195 but TMS 5-Method traders follow some rules. Post#647 they check if the candles at the reversal are big candles, or small candles, then decide if the setup is good. {image}
I will read the Big E full.pdf agian Thanks for the response.
  • #75,792
  • Feb 10, 2017 4:36am Feb 10, 2017 4:36am
Quoting ftwforex
I think my plan on this one is to sell nowish.. TP 86ish and picking bottoms around 85.5 So anybody who wants to make a quick pip or two do the opposite
It's quite possible price will test 87.50 so you need to have say 100 pips stop
the cautious seldom err....C
  • #75,793
  • Feb 10, 2017 4:44am Feb 10, 2017 4:44am
Quoting pips29
{quote} It's quite possible price will test 87.50 so you need to have say 100 pips stop
Christe I hope not... I'll be dead in the water - Luckily my wife has a real job
  • #75,794
  • Feb 10, 2017 4:47am Feb 10, 2017 4:47am
Quoting pips29
{quote} It's quite possible price will test 87.50 so you need to have say 100 pips stop



2016 Open and High...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,795
  • Feb 10, 2017 5:25am Feb 10, 2017 5:25am
Emmanuel,for Support& Resistence we have to use Monthly swing or Weekly and Daily swing too? Can u post any charts examples with graph line?
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,796
  • Feb 10, 2017 5:58am Feb 10, 2017 5:58am
Quoting Pretoriano
Emmanuel,for Support& Resistence we have to use Monthly swing or Weekly and Daily swing too? Can u post any charts examples with graph line?
Hi, Pretoriano.
It is very often question. For this there is pdf about BPP which describes S/R levels.
p.s. use search in this thread. Traders asked often repeated questions. You can easily find and answer many of your questions.
Attached File(s)
File Type: pdf Emmanuel7788 on Big Picture Planning.pdf   1.1 MB | 747 downloads
There is no reason to trade if there is no reason to trade.
  • #75,797
  • Feb 10, 2017 6:50am Feb 10, 2017 6:50am
Thanks Marionetka
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,798
  • Feb 10, 2017 7:56am Feb 10, 2017 7:56am
I am still challenging with this strategy.I can't leave .I am working on best tp and sl
  • #75,799
  • Feb 10, 2017 8:09am Feb 10, 2017 8:09am
Quoting marionetka
{quote} Hi Pretoriano. ME/ME is Multiple Entries / Multiple Exits. It's types of entries and exits. I would recommend you read a book and search info in this thread. ME/ME will help you reduce a risk, when you will understand how to use them. Otherwise, it will increase your losses. This example is how to build a positions by Agustin Silvani. Edit: Pretoriano look at this post. There is more of it. {image} {image}
Thanks for those .pdfs!
  • #75,800
  • Feb 10, 2017 10:15am Feb 10, 2017 10:15am
SHORT
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