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Trading Made Simple

  • #75,881
  • Feb 14, 2017 12:49am Feb 14, 2017 12:49am
Why is AUD strong?

you can read about it here, no need for cut and paste and plagiarize what many experts written

https://au.finance.yahoo.com/news/au...035132180.html

today's rise during the Asian session was also the Chinese data release which usually create market volatility.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,882
  • Feb 14, 2017 2:08am Feb 14, 2017 2:08am
Today' London Open for EURUSD and NZDUSD should be easy decision for which direction to pick.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Feb 14 H1 LO.png Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Feb 14 H1 LO.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,883
  • Feb 14, 2017 2:15am Feb 14, 2017 2:15am
EURAUD ran during the Asian session.

How to get an entry now?

Which is better? H1 or H4?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Feb 14 H1 LO.png Size: 24 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Feb 14 H4 LO.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,884
  • Feb 14, 2017 2:17am Feb 14, 2017 2:17am
Quoting emmanuel7788
Today' London Open for EURUSD and NZDUSD should be easy decision for which direction to pick. EURUSD Feb 14 H1 LO.png;2186015 NZDUSD Feb 14 H1 LO.png;2186017 {image} {image}
Can you explain ? I see that those pair are trades above Asia open, London just open, do you mean that London will keep the Asia direction?

Thanks
  • #75,885
  • Feb 14, 2017 2:40am Feb 14, 2017 2:40am
Quoting blueman
{quote} Can you explain ? I see that those pair are trades above Asia open, London just open, do you mean that London will keep the Asia direction? Thanks

this week we talk about using three timeframes is better than one or Triple Screen trading system approach.

when we trade H1, we must make sure the D1 and H4 are in agreement then we look for H1 trades.

look at USDCAD, this is the easiest pair for today... W1, D1, H4 and H1 all in agreement.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,886
  • Feb 14, 2017 3:01am Feb 14, 2017 3:01am
Quoting emmanuel7788
Sunday candle: What are Sunday candles? Do your brokers show you Sunday candles? Why Big E did not trade on Sundays? If you know his reasons, then what are you going to do with the Sunday candles. I see 6 pairs of the 8 pairs he traded - that have Sunday candles this week.
What are some of the factors you consider before choosing your weekly 5 pairs to trade?
  • #75,887
  • Feb 14, 2017 3:04am Feb 14, 2017 3:04am
Quoting emmanuel7788
{quote} this week we talk about using three timeframes is better than one or Triple Screen trading system approach. when we trade H1, we must make sure the D1 and H4 are in agreement then we look for H1 trades. look at USDCAD, this is the easiest pair for today... W1, D1, H4 and H1 all in agreement.
morning
your frequent posts and bits of wisdom are appreciated.
thanks
  • #75,888
  • Feb 14, 2017 3:15am Feb 14, 2017 3:15am
Quoting nanacarter
{quote} What are some of the factors you consider before choosing your weekly 5 pairs to trade?
16 pairs in my market watchlist... read these old posts,

http://www.forexfactory.com/showthre...70#post9132070

http://www.forexfactory.com/showthre...69#post9249069

http://www.forexfactory.com/showthre...58#post9488358
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,889
  • Feb 14, 2017 3:59am Feb 14, 2017 3:59am
Guys,but are you checking weekly-daily-h4 or daily-h4 only? I'm checking three TF since last monday but i can't find one good entry yet
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,890
  • Feb 14, 2017 4:13am Feb 14, 2017 4:13am
Quoting emmanuel7788
{quote} 16 pairs in my market watchlist... read these old posts, http://www.forexfactory.com/showthre...70#post9132070 http://www.forexfactory.com/showthre...69#post9249069 http://www.forexfactory.com/showthre...58#post9488358
Thank you
  • #75,891
  • Feb 14, 2017 4:34am Feb 14, 2017 4:34am
Quoting emmanuel7788
{quote} it normal to see slow Mondays. but following the previous Week' candle, we can make some pips with Position Building while waiting for the paint to dry. EURUSD Week 07 H4 MEME trades closed.png;2185615 {image}
Hi, Emma.
Could you please illustrate your SL in this trade?
How I understand, it is the trade which follows the previous Week's bearish candle. I would put Sl about previous Swing High, but then TP would be approximatly equal Sl. Otherwise, I should not be entered a position.
Corect me, if I don't understand something.
There is no reason to trade if there is no reason to trade.
  • #75,892
  • Feb 14, 2017 5:09am Feb 14, 2017 5:09am
Quoting marionetka
{quote} Hi, Emma. Could you please illustrate your SL in this trade? How I understand, it is the trade which follows the previous Week's bearish candle. I would put Sl about previous Swing High, but then TP would be approximatly equal Sl. Otherwise, I should not be entered a position. Corect me, if I don't understand something.

see same chart below with some notes.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 07 H4 MEME trade plan.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,893
  • Feb 14, 2017 5:12am Feb 14, 2017 5:12am
Quoting Pretoriano
Guys,but are you checking weekly-daily-h4 or daily-h4 only? I'm checking three TF since last monday but i can't find one good entry yet

what about EURAUD, EURCAD, EURUSD, NZDUSD and USDCAD?

do you see established D1 direction 'trend'?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,894
  • Feb 14, 2017 7:06am Feb 14, 2017 7:06am
Quoting emmanuel7788
{quote} what about EURAUD, EURCAD, EURUSD, NZDUSD and USDCAD? do you see established D1 direction 'trend'?
USDCAD not a bad setup short
  • #75,895
  • Feb 14, 2017 7:16am Feb 14, 2017 7:16am
Quoting emmanuel7788
{quote} this week we talk about using three timeframes is better than one or Triple Screen trading system approach. when we trade H1, we must make sure the D1 and H4 are in agreement then we look for H1 trades. look at USDCAD, this is the easiest pair for today... W1, D1, H4 and H1 all in agreement.
Thanks for the good information. As far i can see EURUSD repeats them direction very early before london session im right?
  • #75,896
  • Feb 14, 2017 7:24am Feb 14, 2017 7:24am
Quoting emmanuel7788
{quote} this week we talk about using three timeframes is better than one or Triple Screen trading system approach. when we trade H1, we must make sure the D1 and H4 are in agreement then we look for H1 trades. look at USDCAD, this is the easiest pair for today... W1, D1, H4 and H1 all in agreement.
Hello Emannuel,please could u tell me about UsdCad,in which TF u will entry the trade,will u wait when price will breakout the zone 1,3000 and after for cross,or did u already took the trade with TP on 1,3000...thx t´for the answer
  • #75,897
  • Feb 14, 2017 7:25am Feb 14, 2017 7:25am
Quoting emmanuel7788
{quote} what about EURAUD, EURCAD, EURUSD, NZDUSD and USDCAD? do you see established D1 direction 'trend'?
Are u talking about daily-h4-h1...I'm talking about Weekly-daily-h4.

But h1 not was a dangerous chart for trading? Many fake signal etc etc ?
Mi odino pure, purche' mi temano. (Gaio Cesare Germanico Caligola)
  • #75,898
  • Feb 14, 2017 7:59am Feb 14, 2017 7:59am
Quoting emmanuel7788
{quote} see same chart below with some notes. EURUSD Week 07 H4 MEME trade plan.png;2186286 {image}
Thanks alot for your explanation.

Which programm do you use for comments on graphs? Clip2net?
There is no reason to trade if there is no reason to trade.
  • #75,899
  • Feb 14, 2017 9:46am Feb 14, 2017 9:46am
AUDUSD today, eurusd short closed with profit. Eurjpy long is in green
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd-h1-gekke.png Size: 59 KB
Click to Enlarge Name: eurjpy-h1-admiral-markets.png Size: 54 KB
  • #75,900
  • Feb 14, 2017 10:59am Feb 14, 2017 10:59am
Hi all, this is my first post here, but i have been reading and enjoying the forum for a while.


had to entries on the chart i upload. One hit my tp and the other sl.

What happened was that, i entered the second time on the same signal after a new candle open. How do you filter those situations?

Do you trade both with the trend and countertrend?

i apolegise if you adressed this before, i havent read all pages of this thread!

the chart is h4, eur/gbp
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 39 KB
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