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Trading Made Simple

  • #76,501
  • Edited 4:35am Mar 2, 2017 3:40am | Edited 4:35am
I can be only right 60% .... Keep trying and practice... Picking up each piece everyday until it reach 6000 pieces . Thanks Emmanuel & all other great members.

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W1 : Price action at down trend range market. It's top of range bound.


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  • #76,502
  • Mar 2, 2017 4:45am Mar 2, 2017 4:45am
Quoting inforserve
I can be only right 60% .... Keep trying and practice... Picking up each piece everyday until it reach 6000 pieces . Thanks Emmanuel & all other great members. {image} W1 : Price action at down trend range market. It's top of range bound. {image}

when you have collected 6,000 pieces, there will be another 4,000 pieces.
I am still collecting and the market gives me more pieces every week.
It does not not stop at 10,000.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,503
  • Mar 2, 2017 4:55am Mar 2, 2017 4:55am
Quoting Bernardi
{quote} So, i recreated the TDI for my trading platform using the above method. It looks just like the original TDI. But in mt4, i was using the realtime TDI, which is not repainting (tdi_rt_clone), and i am wondering, is the "diy" version also realtime, or will it repaint?

when you use your platform' RSI to create the Fozzy-RSI or the TDI, it is realtime and will not repaint.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,504
  • Mar 2, 2017 5:01am Mar 2, 2017 5:01am
Quoting Deichkind
{quote} Hello Emmanuel, due to USDCAD D1 : when we have Doji-candles on weekly why we should look at D1 for trading? I'm a little bit confused cecause of a post recently, I think it was post https://www.forexfactory.com/showthr...13#post9612613 regards

Hallo,

It is not just Weekly Doji candles, it is also the average weekly ranege we need to know. If the Weekly candles are Doji candles and very big range exceeding the 52-weeks ATR, then it would be okay to trade D1. But when the weekly Doji are small range, it will not make any sense to trade D1 becasue in one weekly candle there are 6 D1 candles.

See AUDUSD D1 chart below with the Weekly candle in bakground.

Note, even if the Weekly candle is Doji, trading H4 can be very difficult. Just Look at AUDUSD H4 for the past 3 weeks.

regards,
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Weekly Doji candles.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,505
  • Mar 2, 2017 5:19am Mar 2, 2017 5:19am
Quoting emmanuel7788
{quote} Hallo, It is not just Weekly Doji candles, it is also the average weekly ranege we need to know. If the Weekly candles are Doji candles and very big range exceeding the 52-weeks ATR, then it would be okay to trade D1. But when the weekly Doji are small range, it will not make any sense to trade D1 becasue in one weekly candle there are 6 D1 candles. See AUDUSD D1 chart below with the Weekly candle in bakground. Note, even if the Weekly candle is Doji, trading H4 can be very difficult. Just Look at AUDUSD H4 for the past 3 weeks. regards,...
thank you very much for your quick response!this will be another valuable piece in my puzzle!Now things are much clearer!

best regards

Thorsten
  • #76,506
  • Mar 2, 2017 8:38am Mar 2, 2017 8:38am
Hi Emmanuel,
I have a question on "follow the trend" and "catch the reversal"
Isn't that this 2 are opposite idea?
Take the follow trade as example.
I short on H4 time frame,
but the daily trade is downward.

Is this just a lucky trade and should exit as soon as possible?
Or wait for reversal as it hit the monthly support and with a engulfing bar PA?
Attached Image (click to enlarge)
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  • #76,507
  • Mar 2, 2017 10:20am Mar 2, 2017 10:20am
Quoting brian661
Hi Emmanuel, I have a question on "follow the trend" and "catch the reversal" Isn't that this 2 are opposite idea? Take the follow trade as example. I short on H4 time frame, but the daily trade is downward. Is this just a lucky trade and should exit as soon as possible? Or wait for reversal as it hit the monthly support and with a engulfing bar PA? {image}
what was your entry criteria on H4?
  • #76,508
  • Mar 2, 2017 10:57am Mar 2, 2017 10:57am
Quoting inforserve
{quote} I was thinking about sell this pair as well but I didn't. I seems like sill price contain inside narrow range. Also there is major Resistance. (IMHO)
Thanks Infoserve.

Clearly you were right.

I think it's better to wait EA hits 1.4000 BRN and see if it bounces to start selling.

I've been on the sidelines of this forum too long, so will try to participate more to catch up with you guys.

I remain humble and keep learning everyday.


Regards.

Sebastián.
Vtayha7788 has suspended me and Twee is missing!!!
  • #76,509
  • Edited 1:19pm Mar 2, 2017 12:15pm | Edited 1:19pm
CAD-JPY daily chart, bottom of range, let'see how it close the candle

What do you think? searching for long

Attached Image (click to enlarge)
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Today AUDJPY trade, still running

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  • #76,510
  • Mar 2, 2017 1:22pm Mar 2, 2017 1:22pm
Everyone,

I spent a couple of hours this weekend crunching data, and came up with the attached (all pdfs in zip file) seasonal FX patterns. Some may find this useful, so posting here.

I looked at FX pairs data from 2010 to the end of 2016 (7 yrs), normalized all and looked at % move from the start of each year, took a 5 day EMA of the % moves, then averaged over the past 3 years (black), 5 years (red), and 7 years (blue). See zip files for PDFs for currency pairs.

When you see historical trends repeating over the past 3, 5, and 7 years, it may repeat in the future.

EZ
Attached File(s)
File Type: zip Seasonal patterns for FX pairs.zip   249 KB | 457 downloads
  • #76,511
  • Mar 2, 2017 1:26pm Mar 2, 2017 1:26pm
Quoting brian661
Hi Emmanuel, I have a question on "follow the trend" and "catch the reversal" Isn't that this 2 are opposite idea? Take the follow trade as example. I short on H4 time frame, but the daily trade is downward. Is this just a lucky trade and should exit as soon as possible? Or wait for reversal as it hit the monthly support and with a engulfing bar PA? {image}
Brian,

Could you post the indicators you use for the multiple timeframes shown in your post? That would be most useful. Thanks in advance!

EZcurrency
  • #76,512
  • Mar 2, 2017 3:11pm Mar 2, 2017 3:11pm
Quoting ezcurrency
Everyone, I spent a couple of hours this weekend crunching data, and came up with the attached (all pdfs in zip file) seasonal FX patterns. Some may find this useful, so posting here. I looked at FX pairs data from 2010 to the end of 2016 (7 yrs), normalized all and looked at % move from the start of each year, took a 5 day EMA of the % moves, then averaged over the past 3 years (black), 5 years (red), and 7 years (blue). See zip files for PDFs for currency pairs. When you see historical trends repeating over the past 3, 5, and 7 years, it may repeat...
wow thanks

this is extremely appreciated
  • #76,513
  • Mar 2, 2017 3:15pm Mar 2, 2017 3:15pm
Quoting Valentinik87
CAD-JPY daily chart, bottom of range, let'see how it close the candle What do you think? searching for long {image} Today AUDJPY trade, still running {image}
check your H4 and WK
  • #76,514
  • Mar 2, 2017 3:37pm Mar 2, 2017 3:37pm
Anyone who want overlay High TF candle to current TF.
I found following link for candle overlay indicator.

https://www.forexfactory.com/showthread.php?t=240302

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  • #76,515
  • Mar 2, 2017 4:18pm Mar 2, 2017 4:18pm
Quoting bistolis
{quote} wow thanks this is extremely appreciated
No problem. I think we need all of the help we can get to put the probabilities in our favor to have a successful trade. Ex: look at EURAUD and EURCAD for example for March: on average down for the entire month. Since this has happened on average over the past 3, 5, and 7 years, it might happen this month (statistically it might). So therefore we should look for shorting opportunities.

EZ
  • #76,516
  • Mar 2, 2017 5:46pm Mar 2, 2017 5:46pm
Quoting Valentinik87
CAD-JPY daily chart, bottom of range, let'see how it close the candle What do you think? searching for long {image} Today AUDJPY trade, still running {image}
Looking at W1, it's look like down side channel with possible consolidation.

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Price is still within WRB area.

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  • #76,517
  • Edited 6:25pm Mar 2, 2017 6:11pm | Edited 6:25pm
Quoting brian661
Hi Emmanuel, I have a question on "follow the trend" and "catch the reversal" Isn't that this 2 are opposite idea? Take the follow trade as example. I short on H4 time frame, but the daily trade is downward. Is this just a lucky trade and should exit as soon as possible? Or wait for reversal as it hit the monthly support and with a engulfing bar PA? {image}

short phrases are dangerous when they are not put in proper order.

"Follow the established primary trend, wait for the retracements/corrections/pullbacks/etc. which are the Intermediate and Short-term trends, then trade the reversal in these Intermediate and Short-term trends which bring you back into the established primary Trend. "

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The art of trading is how you see the trends on your trading charts. This is one of the ten (10) skills which technical traders must develop and must have in them.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,518
  • Mar 2, 2017 8:59pm Mar 2, 2017 8:59pm
Trade away from the Day Open when the market is trending...

USD is strong this week .. and today remains strong


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,519
  • Edited Mar 3, 2017 2:18am Mar 2, 2017 9:59pm | Edited Mar 3, 2017 2:18am
Quoting ezcurrency
{quote} Brian, Could you post the indicators you use for the multiple timeframes shown in your post? That would be most useful. Thanks in advance! EZcurrency
Sure, I got the indicator from Post 76270.
The indicator is created by stratman,
you can find more detail in the post
  • #76,520
  • Mar 2, 2017 10:01pm Mar 2, 2017 10:01pm
Quoting Deichkind
{quote} what was your entry criteria on H4?
My entry is based on H4 TDI cross with nice angle.
But as Emmanuel said, this is a risky trade as daily trend is downward.
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