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Trading Made Simple for Day Charts

  • #2,481
  • May 25, 2017 11:25pm May 25, 2017 11:25pm
Quoting newtrojan
Ok first chart here. USD CAD -Cross at OB Area. Candle turning blue. S/L and T/P based on the ATR. AUD USD - second candle color change, good angle of cross, fractal break. Comments please. I am still learning price action. I might have overlooked a lot of stuff. Thats why I am here to learn from the masters. {image} {image}
For your USDCAD entry that would be slightly early for me - I would wait for the TDI cross to confirm on the next candle

For the AUDUSD this looks good - you have a nice down trend with successive lower highs and lower lows amd a strong cross developing on the TDI on the 2nd candle
"To live with Passion, it takes Courage and Grace to survive"
  • #2,482
  • May 25, 2017 11:52pm May 25, 2017 11:52pm
Here's my latest trade in process

The entry point was on the 2nd candle with the TDI cross coming off of the 32 level.

This would be a reversal which is bouncing off of the 100EMA

Currently the PA is only moving sideways so after 24 hours you need to look at the indicators such as last Fractals and the TDI - my main concern here is that the TDI Mid Zone is still heading lower, however, the TSL and RSI lines are showing a strong up slope!!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4 5-25-2017.png Size: 49 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #2,483
  • May 26, 2017 12:20am May 26, 2017 12:20am
Quoting Britpip7
Here's my latest trade in process The entry point was on the 2nd candle with the TDI cross coming off of the 32 level. This would be a reversal which is bouncing off of the 100EMA Currently the PA is only moving sideways so after 24 hours you need to look at the indicators such as last Fractals and the TDI - my main concern here is that the TDI Mid Zone is still heading lower, however, the TSL and RSI lines are showing a strong up slope!!! {image}
Hi, Britpip

What do you think about my trade on EURNZD Day Chart? I am learning.

EURNZD Trade Sell On Day Chart

#1 Entry:
1- Divergence
2- APB Change color
3- TSL Downward
4- RR=2:1
Now the #1 is BE.

#2 Pending order below StarBar (SL=130Pips, TP=260Pips, RR=2:1)

Thanks in advance.

regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD TMS For D Chart 20170522.jpg Size: 208 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,484
  • May 26, 2017 1:03am May 26, 2017 1:03am
Quoting newtrojan
Ok first chart here. USD CAD -Cross at OB Area. Candle turning blue. S/L and T/P based on the ATR. AUD USD - second candle color change, good angle of cross, fractal break. Comments please. I am still learning price action. I might have overlooked a lot of stuff. Thats why I am here to learn from the masters. {image} {image}
USDCAD
On W chart and D chart, I see it is down trend. we should wait bar closed to confirm.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD TMS For D Chart 20170510.jpg Size: 101 KB


AUDUSD
1- W chart is down trend
2- Reversal around 100MA&200MA.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD TMS For D Chart 20170526.jpg Size: 102 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,485
  • May 26, 2017 8:28am May 26, 2017 8:28am
Quoting Britpip7
{quote} For your USDCAD entry that would be slightly early for me - I would wait for the TDI cross to confirm on the next candle For the AUDUSD this looks good - you have a nice down trend with successive lower highs and lower lows amd a strong cross developing on the TDI on the 2nd candle

Thanks Brit

yes the USDCAD hit the Sl

The AUDUSD is still in play but negative though. Lets see if this turn positive. Weekend coming and then holidays. Is it good to hold the position or close it.
  • #2,486
  • May 26, 2017 8:39am May 26, 2017 8:39am
Quoting Bluesky8635
{quote} USDCAD On W chart and D chart, I see it is down trend. we should wait bar closed to confirm. {image} AUDUSD 1- W chart is down trend 2- Reversal around 100MA&200MA. {image}
Thanks Bluesky for the feedback.

Any other cosniderations for the AUDUSD.

I realized my mistake on USDCAD as I didn't follow the weekly trend.
  • #2,487
  • May 27, 2017 3:04am May 27, 2017 3:04am
Hello everybody. As always, I have a few questions:
1. Your thoughts on the couple's couples with a screen?
2. After determining the setup, how do you enter the trade?
3. How do you control it?
For earlier thanks that have shared the opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 112 KB
  • #2,488
  • May 28, 2017 8:29pm May 28, 2017 8:29pm
EUR USD - SELL

My thoughts
1.) TDI cross, good angle and coming from OB.
2.) Uptrend moment looks exhausted
3.) TDI flipped on weekly.
4.) 5 ema.

Your feedback is welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD.PNG Size: 195 KB
  • #2,489
  • May 28, 2017 11:47pm May 28, 2017 11:47pm
Quoting newtrojan
EUR USD - SELL My thoughts 1.) TDI cross, good angle and coming from OB. 2.) Uptrend moment looks exhausted 3.) TDI flipped on weekly. 4.) 5 ema. Your feedback is welcome. {image}
Last week the price drives in the range of the 22th may candle, wait till a good candle will close out of this range and then decide
  • #2,490
  • May 29, 2017 12:33pm May 29, 2017 12:33pm
Quoting Bluesky8635
{quote} Hi, Britpip What do you think about my trade on EURNZD Day Chart? I am learning. EURNZD Trade Sell On Day Chart #1 Entry: 1- Divergence 2- APB Change color 3- TSL Downward 4- RR=2:1 Now the #1 is BE. #2 Pending order below StarBar (SL=130Pips, TP=260Pips, RR=2:1) Thanks in advance. regards {image}
I like it - looks like a textbook entry, especially with the Divergence call
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDDaily 5-29-2017.png Size: 48 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #2,491
  • May 29, 2017 12:45pm May 29, 2017 12:45pm
Quoting ejlestrado
Hello everybody. As always, I have a few questions: 1. Your thoughts on the couple's couples with a screen? 2. After determining the setup, how do you enter the trade? 3. How do you control it? For earlier thanks that have shared the opinion. {image}
Here's some of my thoughts - this chart is really busy and the mote indicators that you add, the more conflicting signals. These are all subjective, but if it adds to your decision making then all power to you.

I see divergence on the TDI followed by a strong cross so there two entry points that cold have been taken. PA heading into the 200ema is always a challenge but this would be good for 150pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 5-29-2017.png Size: 50 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #2,492
  • May 29, 2017 12:52pm May 29, 2017 12:52pm
Quoting newtrojan
EUR USD - SELL My thoughts 1.) TDI cross, good angle and coming from OB. 2.) Uptrend moment looks exhausted 3.) TDI flipped on weekly. 4.) 5 ema. Your feedback is welcome. {image}
Entry point is in need of some PA assistance, especially with major holidays in play on May 29th
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily 5-29-2017.png Size: 50 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #2,493
  • May 30, 2017 5:25pm May 30, 2017 5:25pm
Quoting newtrojan
EUR USD - SELL My thoughts 1.) TDI cross, good angle and coming from OB. 2.) Uptrend moment looks exhausted 3.) TDI flipped on weekly. 4.) 5 ema. Your feedback is welcome. {image}
Trade safe with stoploss. Do you have?
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,494
  • May 31, 2017 5:11pm May 31, 2017 5:11pm
Quoting Bluesky8635
{quote} Trade safe with stoploss. Do you have?
Hopefully you are all trading with stop losses - Potential suicide for your trading account to trade without SL!!!
"To live with Passion, it takes Courage and Grace to survive"
  • #2,495
  • May 31, 2017 7:06pm May 31, 2017 7:06pm
Quoting Bluesky8635
{quote} Trade safe with stoploss. Do you have?
My EURUSD Sell trade hit the SL.

I will make a introspection on Saturday.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,496
  • Jun 2, 2017 3:34pm Jun 2, 2017 3:34pm
Hello everybody! What do guys think? As for me clear sales!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 114 KB
  • #2,497
  • Jun 2, 2017 3:47pm Jun 2, 2017 3:47pm
Formed an external bar! The fractal is broken in the continuation of the downward trend.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 117 KB
  • #2,498
  • Jun 4, 2017 3:21am Jun 4, 2017 3:21am
EURAUD Sell Trade

Enter:
1- APB Change color and closed below 7MA
2- Divergence
3- TDI crossed and toward south
4- The low of pre-Fractal is 1.49339, so Pending order at 1.4930

Result: loss -150 Pips

Where do you think i didn't follow the rules?

Thanks in advance

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD TMS For D Chart 20170601.PNG Size: 59 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,499
  • Jun 4, 2017 11:31am Jun 4, 2017 11:31am
Quoting Bluesky8635
EURAUD Sell Trade Enter: 1- APB Change color and closed below 7MA 2- Divergence 3- TDI crossed and toward south 4- The low of pre-Fractal is 1.49339, so Pending order at 1.4930 Result: loss -150 Pips Where do you think i didn't follow the rules? Thanks in advance Regards {image}
What's the direction of the overall trend? What does the weekly say? look at the chart? where did you have make more pips/money short or long on the ölast 2 months?
  • #2,500
  • Jun 4, 2017 5:51pm Jun 4, 2017 5:51pm
Quoting Deichkind
{quote} What's the direction of the overall trend? What does the weekly say? look at the chart? where did you have make more pips/money short or long on the last 2 months?
Rightly said! Wkly and Daily are showing upwards trend. TDI is also in +ve zone. A counter trend trade of Sell was very risky as it may have been placed a bit late if you had waited for a cross.
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