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Trading Made Simple

  • #76,301
  • Feb 23, 2017 4:15am Feb 23, 2017 4:15am
Quoting nanacarter
Please, Is it a correct set up? THANKS GBPUSD H4 {image}

setup looks okay.

but this pair is narrow range sideways for weeks.

go find a prettier looking pair with volatility and nice price swing range.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,302
  • Feb 23, 2017 4:15am Feb 23, 2017 4:15am
Quoting falisco
here are 2 losing examples, i'd like to know what im doing wrong thanks @lisat, @tekkies, @emmanuel7788 {image} {image}
I would suggest to remove all the clutter for a while and just focus on TDI and price action (or heikin ashi candles + 5ema)
  • #76,303
  • Feb 23, 2017 4:18am Feb 23, 2017 4:18am
Quoting emmanuel7788
{quote} you can't trade with that chart template. the 5 key components of the 5-Method are: 1) the 5EMA, Typical price, Shift+3 2) the APB/HA candles 3) the TDI 4) the Stochastics 5) PA + Support&Resistance.
I have 2 charts open
1-with price and s&r zones (the one I shared with yu)
2-with heikin ahi candle and stochastic

I'm just showing you even though price action is confirming my setup i still lost in both trades
  • #76,304
  • Feb 23, 2017 4:22am Feb 23, 2017 4:22am
Quoting falisco
here are 2 losing examples, i'd like to know what im doing wrong thanks @lisat, @tekkies, @emmanuel7788 {image} {image}

Ok.

I took another look at your charts. I know what you can do to improve.

Post the same charts showing D1 TF.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,305
  • Feb 23, 2017 4:28am Feb 23, 2017 4:28am
Quoting emmanuel7788
{quote} Ok. I took another look at your charts. I know what you can do to improve. Post the same charts showing D1 TF.
here you go:
1-first picture is for first chart i shared earlier
2-2nd is for 2nd chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur_usd_day.png Size: 31 KB
Click to Enlarge Name: eur-usd_2.png Size: 39 KB
  • #76,306
  • Feb 23, 2017 4:34am Feb 23, 2017 4:34am
Quoting falisco
here are 2 losing examples, i'd like to know what im doing wrong thanks @lisat, @tekkies, @emmanuel7788 {image} {image}
I would recommend going with a trend. leave counter trend when you are more advanced..



Attached Image (click to enlarge)
Click to Enlarge Name: 2017-02-23_10-31_attachment.php.jpg Size: 140 KB


Bistolis is right, best you remove the indicator below the chart with the boxes and use the common sense indicator.
It's in fear when people show what they truly value.
  • #76,307
  • Feb 23, 2017 4:39am Feb 23, 2017 4:39am
Quoting emmanuel7788
{quote} setup looks okay. but this pair is narrow range sideways for weeks. go find a prettier looking pair with volatility and nice price swing range.
thanks...
  • #76,308
  • Feb 23, 2017 4:41am Feb 23, 2017 4:41am
Quoting ensale
{quote} I would recommend going with a trend. leave counter trend when you are more advanced.. {image} Bistolis is right, best you remove the indicator below the chart with the boxes and use the common sense indicator.
you are right for that trade

here's another trade trading with the trend still lost
weird! any ideas why? is it news or something else im missing?
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd_common_sense.png Size: 44 KB
  • #76,309
  • Feb 23, 2017 4:42am Feb 23, 2017 4:42am
Quoting bistolis
{quote} I like CADJPY. I am not sure about the rest. I am keeping an eye on GJ and i dont like the action yet on 4H+
finaly cadjpy was good...the rest not:-)
  • #76,310
  • Feb 23, 2017 4:54am Feb 23, 2017 4:54am
Quoting falisco
here are 2 losing examples, i'd like to know what im doing wrong thanks @lisat, @tekkies, @emmanuel7788 {image} {image}
First falisco clean up the chart please.
This post will give you what you need:
http://www.forexfactory.com/showthre...91#post8673591

Zoom out a little bit and use attached indicator to place orders on chart. That way members can help you better.
Attached File(s)
File Type: ex4 Orders on chart active.ex4   24 KB | 365 downloads
  • #76,311
  • Feb 23, 2017 4:55am Feb 23, 2017 4:55am
Quoting falisco
{quote} you are right for that trade here's another trade trading with the trend still lost weird! any ideas why? is it news or something else im missing? {image}
I never liked EURUSD
and what I see is that you should be IN that trade already and not looking to enter at the bottom(?) on 4H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 155 KB

and once it reverses abit 4 hours later, just get out of the trade and look for another entry later
  • #76,312
  • Feb 23, 2017 4:58am Feb 23, 2017 4:58am
Now I see there will be more confusion...

I am off to Singapore tomorrow.

Goodnight folks.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,313
  • Feb 23, 2017 5:01am Feb 23, 2017 5:01am
Quoting highwic
{quote} hello tanoking do you have a link for the bulls bears indicator ?
Hi highwic,here it is.
Attached File(s)
File Type: mq4 trading_volume_v1.1.mq4   11 KB | 482 downloads
  • #76,314
  • Feb 23, 2017 5:02am Feb 23, 2017 5:02am
Quoting emmanuel7788
Now I see there will be more confusion... I am off to Singapore tomorrow. Goodnight folks. Trade Well.
I was thinking about confusion as well
I hope I didnt confuse anyone posting my chart, just trying to explain why I wouldnt be looking for an entry at that point on his chart

have a good time. ciao
  • #76,315
  • Feb 23, 2017 5:04am Feb 23, 2017 5:04am
Quoting lisat
{quote}In the indicator where you have timeframe H4 you need to put D1
Thanks lisat

I managed to get the Daily candle on the H4 chart

Thanks Emmanuel and Lisat.

Honk Honk Honk
  • #76,316
  • Feb 23, 2017 5:06am Feb 23, 2017 5:06am
Quoting Tekkies
{quote} First falisco clean up the chart please. This post will give you what you need: http://www.forexfactory.com/showthre...91#post8673591 Zoom out a little bit and use attached indicator to place orders on chart. That way members can help you better. {file}
here you go tekkies:
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd_3.png Size: 33 KB
  • #76,317
  • Feb 23, 2017 5:08am Feb 23, 2017 5:08am
Just can't help myself got to do it
Looking at the most recant post's and I have to wonder what happened to this post.
from: http://www.forexfactory.com/showthre...91#post8673591

In Post 285 Big E said:

Quit making excuses.. if it was any simpler there wouldn't be a method... it's bare bones now. Simple rules, easy TDI entries and exits... fine tune it to your understanding... don't add anything... don't complicate it.

Many traders on the old thread said once they quit trying to improve it or making it more complicated... their pip take exploded.
  • #76,318
  • Feb 23, 2017 5:08am Feb 23, 2017 5:08am
Quoting emmanuel7788
Now I see there will be more confusion... I am off to Singapore tomorrow. Goodnight folks. Trade Well.
I shared the daily timeframe as requested, what's your take on that?
  • #76,319
  • Feb 23, 2017 5:14am Feb 23, 2017 5:14am
Quoting falisco
{quote} here you go tekkies: {image}
if blue is buy order and red sell order
then your entries look totally wrong at the wrong time, abit erratically placed (emotionally?)
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 119 KB
  • #76,320
  • Feb 23, 2017 5:27am Feb 23, 2017 5:27am
Quoting bistolis
{quote} if blue is buy order and red sell order then your entries look totally wrong at the wrong time, abit erratically placed (emotionally?) {image}
forget those trades, i was testing something else, focus only on the last trade
following the trade made simple rules
when green crossed red, I added a red vertical line to show the trade im talking about
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