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Trading Made Simple

Waiting to trade the breakout of these last 6 1H candles, as they seem in a tight 60 pip range. Plus 11:00 candle was a doji with long wicks indicating indecision about where to go..


What do you guys think?

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Quoting irishtoffy
Waiting to trade the breakout of these last 6 1H candles, as they seem in a tight 60 pip range. Plus 11:00 candle was a doji with long wicks indicating indecision about where to go.. What do you guys think? {image}


let me make a technical guess, ... last week candle close bearish, yesterad was pullbacl, now H4 show consolidation with one IB... so I look to sell ...but I am afraid of 130.75.

Quoting gegeorge
Hello Traders, sorry for not posting lately, but I was out of town for work and now I am back. When I was away, i tried to pick some trades "on the go" and I have a little success, but I used the THV-Caveman trademanager, to monitor my trades, since I was away. One thing I noticed is that if you set Take Profit by batches at let's say 50pips, each time it reaches this level it triggers the TP repeatedly. For example, if it reaches 50 it takes the TP, so far OK. But if price pulls back at +30 and then picks up and go to +60, when it reaches +50...



Hi gegeorge


there is MPTM whcih I use for few years already, well tested with many users worldwide, works great with multiple entries and manages as a basket of trades.


here is the link to post#16,161...

http://www.forexfactory.com/showthre...28#post6513628



regards

EMMANUEL

Quoting irishtoffy
Waiting to trade the breakout of these last 6 1H candles, as they seem in a tight 60 pip range. Plus 11:00 candle was a doji with long wicks indicating indecision about where to go.. What do you guys think? {image}


Absolutely, hopefully this 130.75 R will break, maybe after a slight pullback first.

Quoting Gizzledonk
{quote} That's exactly what the TMS system is all about, clean and simple charts, minimum chance of confusion maximum chance of profit,I still think BigE's original and simple setup is the best. Using the simple setup, my practice account is +160 pips for today and my live account is +100 and I'm thinking of calling it a day already. Today is a good day, but anyone following the rules can do at least this well. practice, wait, practice, wait a bit more and get the A*** trade. Andy. {image}


Congratulation! I also want to share my happy pips today... money money money


Trade well,

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TPA

Inserted Video

TPA

EUR / JPY


Looking at daily chart , PA is sitting at trend-line and EMA 20


PA is consolidating for a while at RN 131, weekly is down, daily is down and the 4H chart is in a down trend

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Quoting emmanuel7788
{quote} Hi gegeorge there is MPTM whcih I use for few years already, well tested with many users worldwide, works great with multiple entries and manages as a basket of trades. here is the link to post#16,161...http://www.forexfactory.com/showthre...28#post6513628 regardsEMMANUEL


OK Emmanuel, Thank a Lot

Quoting irishtoffy
Waiting to trade the breakout of these last 6 1H candles, as they seem in a tight 60 pip range. Plus 11:00 candle was a doji with long wicks indicating indecision about where to go.. What do you guys think? {image}


have been following this one on H4,

Neither the daily of the weekly are showing any real interest in doing much so I'll only be on my practice account this time.

The green TDI moving up strongly through the middle TDI and then producing a solid cross with the red might tempt me to the live account but with not a lot going on the longer tf's I'll be watching it and setting a modest tp.

Attached Image
If I was any good at this I'd be rich already.

Hello,


Wanted to ask ou guys a question about a possibile AUDUSD trade setup.

What would you do in case the setup on 1h chart is about to tell me to go short but on 4H chart the there is a long signal? Please see the charts below.

Thanks for your answer

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Quoting gigicualex
Hello, Wanted to ask ou guys a question about a possibile AUDUSD trade setup.What would you do in case the setup on 1h chart is about to tell me to go short but on 4H chart the there is a long signal? Please see the charts below.Thanks for your answer {image} {image}


hello gigicualex,

you need to decide which of the three different trends you want to trade.

see pic below.

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Quoting emmanuel7788
{quote} hello gigicualex, you need to decide which of the three different trends you want to trade.see pic below. {image}

Thank you Emmanuel. The small picture on top of the charts said everything. I guess I'll stay on the sidelines for the moment. Going long on 4h chart is against the trend(main Daily trend) although there is a bullish div present on all TFs.

3 trades tonight

not so nice 2 trades on EJ where i got ping pong and comes out with a -39 pips loss

1 trades on EU opened 1.28708 tp 1.29500 that brings in +79.2 pips


on another trade on EU short 1.29412

reason: pullback after a fail break of yesterday 127% fib

1.295 is a good r/s



all trades taken on 1H TF

Hello !



Quote
Quoting BernhardA

counter trend is not my friend!!!

the cross of TDI has been several bars befor

angel is to flat for me at the first green candle (the second looks better) - have a look at the "TMS-clock":


thanks BernhardA, for this very clear explanation of why you would not have taken the aud-chf trade. Seems such an easy decidion in your hands. It comforted my own.


----------------



Quote
quoting Emmanuel7788
AUDCHF - I don't trade this pair. Matter of fact I stopped trading the CHF cross pair since that time when it was peg to EUR 1.200. I still trade USDCHF. but I stay away when SNB announcement and their interventions are usually very brutal to traders who are not aware of its annoucements.

Anyway, since you posted AUDCHF, I took a few minutes and do the Big Picture......



Thanks Emmanuel7788
You're giving me a real course in ‘Big Picture’. I’ll read your posts this week-end.


Really great to get all this help

sdff


GBPUSD 30 May Asian time


GU D closing looks interesting with a D bullish engulfing candle.

On H4, we see a double bottom cart pattern.

Interesting I thought as we are in the last 2 trading days for this month and technically I guess that we are trading the shadow of the Monthy candle with a historical support 1.5160 region..

The day range is wide enough for for intraday trading both to sell and buy with small profit ~ 50pips.

H4 show up a DIB (double inside bar) so this i the type of setup I like to see and trade.

Watchout the news/data release hours.


Good Trading day to all. Close the month with some green pips.

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Quoting emmanuel7788
. Close the month with some green pips. {image}




so far pips going good.

Attached Image

EURUSD Trade still partially open from 29/05(Wed)

Took 1% out at 1R


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Quoting bigpips
EURUSD Trade still partially open from 29/05(Wed)Took 1% out at 1R {image}


bigpips,


very good trade, well taken on APB/Ha candle #2.

manage well to final TP.

expect some pause near Prev W High and BRN 1.3000


Good Trading,


EMMANUEL

Quoting 0Bid
{quote} so far pips going good. {image}

http://www.forexfactory.com/attachme...1&d=1369870493



CONGRATS! OBid,


Please post some trades charts to help our new traders here.


10% per week / 5 trading days is excellent.

Every TMS trader should work hard to achieve this 10% profit cycle.

It can be done.

Start with 10% per 20 days trading cycle as initial goal.

Then work towards gradually down to 15 trading days, then to 10 trading days, ...


Trade Well,


EMMANUEL

Quoting emmanuel7788
GBPUSD 30 May Asian time GU D closing looks interesting with a D bullish engulfing candle.On H4, we see a double bottom cart pattern.Interesting I thought as we are in the last 2 trading days for this month and technically I guess that we are trading the shadow of the Monthy candle with a historical support 1.5160 region..The day range is wide enough for for intraday trading both to sell and buy with small profit ~ 50pips. H4 show up a DIB (double inside bar) so this i the type of setup I like to see and trade.Watchout the news/data release hours....

http://www.forexfactory.com/attachment.php?attachmentid=1203142 &stc=1&thumb=1&d=1369868252



GU 30 May.


GU broke up of TOK_5H ...this is good sign!

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Click to Enlarge Name: GU week 22 30 May TOK 30-5-2013 1-37-19 PM.png Size: 53 KB
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