Disliked{quote} Sure, this indicator is form Emmanuel, please take a look in Post 76270.Ignored
- #76,523
- Mar 3, 2017 1:54am Mar 3, 2017 1:54am
- Joined Oct 2015 | Status: loading... | 1,038 Posts
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
- #76,524
- Mar 3, 2017 1:57am Mar 3, 2017 1:57am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
In my opinion you are making it all too complicated. I struggled for many years trying to trade on the lower timeframes like 5M till 1H because I like action and I don't want to get bored. This means, you have to sit in front of your screen, boring, boring and boring, the whole day............................
I have read a lot, sometimes too much, I know but..... trading on the higher timeframes is far more profitable and never the less, it cost you only 5 till 20 minutes a day! It opened my eyes! The best you can do is finding a broker on which the Daily Candle is closing on 5.00 PM NEW YORK. This is the real closing time of the Forex Market. Look at your Daily Candles and decide what you have to do. In my opinion this is much better and you can trade with the TDI indicator and the Heikin Ashin candles only. No EMA5 with shift3 or 2 or whatever......, forget this!!! Forget all the crappy indicators, support and resistance levels, bull shit! It makes you more and more confusing and at the end it stopped you from pulling the trigger to go in a trade. With all those crappy indicators there is always a reason not to open a trade. Does that make sense
I have to admit, by the way I never did something else (!) that the way Eelfranz was trading is a very good one. However, the trading times on which he was trading, these were not mine. Like he stands up out of his bed in the middle of the night looking at his screen for possible setups on the 4H timeframe. Man.... Sorry Eelfranz, it is forbidden speaking bad things about the dead but this is not my way and idea of trading. Everything else from him, 80 - 90% is very good. Everybody has his own style of trading, nothing wrong with that of course but there is more in life than trading for 24/5.
As said, trading on the Daily candle it opened my eyes, now I can do other nice things during the day. I have a few systems for the daily, not only with the TDI indicator but it is my favorite one. Please, look at your daily candles and the crossing of green/red on the TDI and the angle of the crossings, slope direction and on which Price Action candle was the crossing of green/red. First, second, third..........
Keep in mind the way Eelfranz was doing. And.... remember his thoughts about statistically for how many candles with the same color the trend is going on...... Focus on the Majors and add some others like EURJPY, no more than 12 pairs. And start small and give the trade some space to develop. Stoploss 200 pips. Use your own common sense. Of course, there are losing trades also, you cant avoid them but please, stop wasting your time on the lower timeframes, it kills your account and in the end your relations with all your friends, family because you are spending so much time on trading and you never win some money. OK, some of you do but very few......
One last tip : stop with reading on the Internet all these so called trading guru's. They are there only for themselves and not for you. They don't trade themselves!!!!
That's all. Good luck to you all and happy trading!
I have read a lot, sometimes too much, I know but..... trading on the higher timeframes is far more profitable and never the less, it cost you only 5 till 20 minutes a day! It opened my eyes! The best you can do is finding a broker on which the Daily Candle is closing on 5.00 PM NEW YORK. This is the real closing time of the Forex Market. Look at your Daily Candles and decide what you have to do. In my opinion this is much better and you can trade with the TDI indicator and the Heikin Ashin candles only. No EMA5 with shift3 or 2 or whatever......, forget this!!! Forget all the crappy indicators, support and resistance levels, bull shit! It makes you more and more confusing and at the end it stopped you from pulling the trigger to go in a trade. With all those crappy indicators there is always a reason not to open a trade. Does that make sense
I have to admit, by the way I never did something else (!) that the way Eelfranz was trading is a very good one. However, the trading times on which he was trading, these were not mine. Like he stands up out of his bed in the middle of the night looking at his screen for possible setups on the 4H timeframe. Man.... Sorry Eelfranz, it is forbidden speaking bad things about the dead but this is not my way and idea of trading. Everything else from him, 80 - 90% is very good. Everybody has his own style of trading, nothing wrong with that of course but there is more in life than trading for 24/5.
As said, trading on the Daily candle it opened my eyes, now I can do other nice things during the day. I have a few systems for the daily, not only with the TDI indicator but it is my favorite one. Please, look at your daily candles and the crossing of green/red on the TDI and the angle of the crossings, slope direction and on which Price Action candle was the crossing of green/red. First, second, third..........
Keep in mind the way Eelfranz was doing. And.... remember his thoughts about statistically for how many candles with the same color the trend is going on...... Focus on the Majors and add some others like EURJPY, no more than 12 pairs. And start small and give the trade some space to develop. Stoploss 200 pips. Use your own common sense. Of course, there are losing trades also, you cant avoid them but please, stop wasting your time on the lower timeframes, it kills your account and in the end your relations with all your friends, family because you are spending so much time on trading and you never win some money. OK, some of you do but very few......One last tip : stop with reading on the Internet all these so called trading guru's. They are there only for themselves and not for you. They don't trade themselves!!!!
That's all. Good luck to you all and happy trading!
Keep it simple without too many crappy indicators!
- #76,527
- Mar 3, 2017 4:47am Mar 3, 2017 4:47am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Nice LO move by GBPUSD and GBPJPY pairs with weaker PMI data.
Hope you all caught them....
Hope you all caught them....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #76,529
- Mar 3, 2017 4:52am Mar 3, 2017 4:52am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Picked this one as trend continuation based on PA. {image}
Nice...
there are lots of reason for everything. until you have fully understood them, trading will always be complicated. that's what froex trading school coaches want you to believe in. when it is complicated, those forex schools coaches will sell you their courses which they make to look simple. simple trading systems sells., that's is marketing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #76,530
- Mar 3, 2017 4:55am Mar 3, 2017 4:55am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #76,532
- Mar 3, 2017 5:09am Mar 3, 2017 5:09am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
USDJPY Week 09 Mar 2 updat: no sign of momentum exhaustion yet just a pause at BRN 114.00. I stay on the buyer side with final TP at 114.85, the last swing high in week 07. Will just manage my last position moving stop by trailing behind the previous candle low on H4. There is no NFP this Friday although it is the first Friday of this month. NFP is schedule for next Friday Mar 10. {image}
USDJPY Week 09 Mar 3 update:
market took a short pause at 114.50 pulled back and now go back up.
I am still looking at final TP at 114.85, not too far away and without NFP tonight, it can possibly make it there...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #76,533
- Mar 3, 2017 5:17am Mar 3, 2017 5:17am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #76,534
- Mar 3, 2017 5:26am Mar 3, 2017 5:26am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #76,535
- Mar 3, 2017 6:01am Mar 3, 2017 6:01am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Price Action with day candles
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #76,536
- Mar 3, 2017 6:05am Mar 3, 2017 6:05am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #76,537
- Mar 3, 2017 6:07am Mar 3, 2017 6:07am
- Joined Aug 2012 | Status: Trader | 18,655 Posts
the cautious seldom err....C
{quote} Looking at W1, it's look like down side channel with possible consolidation. {image} Price is still within WRB area. {image}
I'll wait for a break above 85.800 before enter long
Update AUD JPY, take profit hit, possible reversal pattern....
