Yes I saw that resistance, I was just curious why you entered so early, since it looks like you entered right after close of the blue "doji APB" along with TDI signal, and not actually waited for more bearish confirmation candle-wise. I guess more ...

Trading Made Simple

I'm guessing because the market was overall bearish. I notice he didn't trade that previous rally either. Aside the mentioned, I have a rule not to trade into flat MBL flowing along 50 (either counter trade or consolidation), especially after a ...

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By the way, could you explain your entry on 21. January (sell +50 pips)?

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Not too sure either to see what's unusual. On M15 it's a small retracement at 200ema from a previous wave and now it continues the "mini trend" toward 141.80. But if you think there's something more to this I'd sure like to know.

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Yes and no. On Sunday I watch at each pair chart for a few minutes, zooming out to W1 to H1 repeatedly to look for waves and familiar chart patterns. Then I try to guess where the price may go in the coming days and types of trades I could make, ...

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If conservative, wait for a close above the "choppiness"; if aggresive, place a buy stop order above it (or buy near resistance if the momentum looks strong). Or semi-aggresive, judge the momentum around ten minutes before H1 candle close and decide ...

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Hi Helanka, Check out these videos, watch each video twice if necessary. It will in essence answer all you need to know. url

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I did but on EUR/CAD. Same thing, news candle. Buy stop on last previous resistance and watched M5 for manual exit. Got out with around 100 pips. Nothing to do with a trend or TMS. Check a bit more left on the chart, you'll see an identical move for ...

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Hi Helanka, the market is pretty choppy, many WRBs. As TDI reflects PA, one thing to know is that if MBL and other lines around it are flat(ish) and close to 50, the market is consolidating. The 50 and MBL are gravity centers, but especially strong ...

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I actually made this 10pip scalp sell trade on M15, just to show this highly probable occurence, I figured whoever has problems with this could remember better this way Notice how PL (green) stops at MBL (yellow) and 50. Try to visualize that S/R on ...

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Not a great idea since you're buying into resistance, see the channel? Also your risk/reward ratio is not good. If that trade continues north, it's highly likely your max profit could be 30 pips, while your initial stop loss could be up to 40 pips ...

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Yeah beside news I see no real trading opportunities for today. Maybe scalp long on E/U later today for a channel trade, if a good signal shows up. E/J stuck between RN and 200ema since New Year, lately especially choppy, repeatedly hitting 140.00 ...

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E/A sell Bullish AUD news that broke that consolildation zone. Euro was showing signs of another bearish wave, so I went short. The thing is I wasn't around so I was late, I would've entered at the yellow horizontal line (break of previous ...

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I see what you mean. I've never looked at MBL movement to give me heads up as to how far a move can go. I don't have a solid exit rule in my system and very often I'm clueless whether I should set a hard TP or let profits run. Nice tool for my ...

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I sold just like you (along with some other jpy pairs) but I'm still in, even if price pulled back by 10 pips and after candle close it left one of those half-body half-wick APB, so not a great hope of continuation. We'll see I guess. Your TP is ...

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The market is choppy - if that is the case you should trade the lower TF but even on H1 it's choppy. When TDI lines are flat/wiggling around 50 it means the market is consolidating and you may get a dozen of TDI crosses that aren't tradeable. Also ...

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I went short as well, but on H1 and I exited after first bullish candle close (TDI upward cross too) with 20 pips loss. Last night around TO I took this U/J trade for 40 pips. H1 candle closed above 200ema and previous resistance, TDI good. I exited ...

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Not really a cross on regular TDI settings. However the price struggling at the 50ema support, red/green over yellow on D,H4,H1 (though all too near 50 on H4), it might just go up a bit. Question - I'm trying to get more familiar with particular ...

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Hi SunGaard, I'm an Euro too, I use Oanda's MT4 to monitor pairs but execute trades on Dukascopy's java platform. I still demo trade but will eventually open a account with Dukascopy, since it's a Swiss ECN, totally reliable (check babypips.com for ...

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You can make some trades like that but it's riskier. The MBL being roughly the TP (along with a RN). Be watchful how the candles look.

Trading Made Simple