Thread: Trading Made Simple

Originally Posted by ;

quote USDJPY Feb 15 near final time and it appears like it's a big candle and final below 106.28. I was not calling but if the market is trending, this happens 80% of the time that the D1 will close across those MN swing amounts. This week is ending soon, so we might not see it struck 105.22. If it does, I would be very happy to take of my profits and walk off. We see that BRN 106.00. How much will it 'bounce'? Don't leap in and begin buying yet. Too early to begin buying. WAIT! picture

Hello Emm,
I think you have Mtly, Wkly Daily Swing levels? Any more? What color code are you using for all these Levels?
Cheers!

Originally Posted by ;

quote WOW! I see a lot of advice on your chart. A number of areas where you can wind your transactions lock profits as you follow the wave.

I woke up with 11 pips after I set my SL to positive. Price didn't retrace to 1.24050

... at the moment EURUSD is in range at H4 . . You are perfect. . Just ride the wave

EURAUD Week 07

little D1 candles for many days ... 1.5800 will be analyzed over and over till it ... either breaks higher or drops deep into grey place.





till that occurs, I can exchange H1 using the PAC.

Originally Posted by ;

quote Hi Emm, I Think you have Mtly, Wkly Daily Swing levels? Any more? What code are you using for these Levels? Cheers! Sachu

For trading extended term Positions, use only the Monthly swing amounts. There are historic swing amounts (usually go back to a number of weeks) and you will find recent swing amounts, the most recent ones is important for me to select where I'd buy of market. The historic levels are my goals.
As soon as you have identified the MN swing amounts, then you fall down to the Weekly and then look for the market type/conditions.
Monthly and Weekly updates and preparation you do every week following the market is closed.

The Daily is where you will do most of the hard work.... I.e. the actual trading.

Colours don't matter since the market is colour blind.

Example below:



NZDCAD is buy for many several days

then Weekly breakout

Originally Posted by ;

quote Thanks for this gem of knowledge. Just watch me mess up again lol

Don't worry about messing up.
I mess up sometimes and learn how to clean up my mess.
That is how one learn to exchange in and out of 'good and bad' markets.
You keep counting those hours when you reached 10,000 trading hours you would have heard tons which others will merely envy.

Originally Posted by ;

quote For trading long-term Positions, utilize no more than the Monthly swing levels. There are historical swing levels (generally return to a number of months) and you will find recent swing levels, the latest ones is very important for me to select where I'd buy of market. The historical levels are my goals. When you have identified the MN swing levels, you fall down into the Weekly and search for the market type/conditions. Weekly and monthly upgrades and preparation you do each week after the market is closed. The Daily is where you will do most of the work....

Thanks a lot for that candid explanation and the indiion of a Master Bull Candle.

Originally Posted by ;

quote considering the Weekly, it is interesting the way the market go into gray areas of WRBs , some traders think in 'stop searching' so that they trade without stop loss, while some other traders think it is the way the market works in understanding where to fulfill orders. image

After a proper view I decided it?s too risky to exchange this pair whatsoever.

I must have combine it a couple weeks earlier for long.

A good entry would have existed 70-- final TP approximately 0.73-07350.

Everything above has more wicks in weekly and a tough reverse in management 0.70 or deeper.

I don't have any reason for a short as well, no clear image, no entry for me.

Originally Posted by ;

quote After a proper view I chose it?s too risky to exchange this pair in any direction. I should have join it a couple of weeks. A good entry could have been around 70-- final TP around 0.73-07350. Everything above has more wicks in per week and a challenging reverse in direction 0.70 or deeper. I don't have any reason to get a short as well image.

Let us wait and see whether it enters the 'distribution zone' - 0.7514 and 0.7550, then look for D1 installation for possible sell.
As of today, it's still buy following the weekly. It will not reverse simple before it goes sideways range.

Originally Posted by ;

quote Thank You a lot for This candid explanation and the indiion of a Master Bull Candle.

Not a 'Master Bull Candle'... that Weekly candle has important meaning which we utilize to determine the Market Sort to exchange and if you want to exchange with Price Action without any indiors. Time to get rid of this TDI and learn to read PA and price momentum.

@Emmanuel,

I am still getting the hang of taking trades based on the engulfing candle method. I marked these charts using a yellowish line. Are these legitimate and do you have/have not picked the very same entrances (without the advantage of upper TF analysis)? Notice I attempt to trade away from the market base line.