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Trading Made Simple

  • #31,341
  • Feb 22, 2014 2:35am Feb 22, 2014 2:35am
I know these under various other names 'kangaroo tails' or pinbars, and on lower time frame charts will look like 'tweezer tops' and bottoms. Also note the creation of new supply and demand zones.

I also like to have 100/200 MA's on my chart. On this EJ H4 chart we see pin bar reversals along the 100 MA and along a demand zone
Attached Image (click to enlarge)
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  • #31,342
  • Feb 22, 2014 4:29am Feb 22, 2014 4:29am
Quoting hostwey
{quote} What time of day for your trade? I think a few on here made good money yesterday with GJ and EJ. UJ looked good to go this morning, until I looked at M15. Candles noticeable weaker than yesterday however. After all its Friday. I'm still reading through the thread, but start with higher time frames H4/D etc then micromanage more on the H1/M30/M15 depending on volatility and currency pair.
Thanks a lot.
What do you guys think about the Dean Malone recommended way of trading this the TDI? You know not selling until red and green cross=over yellow and not buying until they cross upward over the yellow. I am yet to find out the new updates to this system which would probably far out shine dean malones but I was wondering if you guys knew about and the latest conclusion about this and why cause it does give a lot of late entries.
  • #31,343
  • Feb 22, 2014 9:24am Feb 22, 2014 9:24am
Quoting adamjhdavis
{quote} Hi PHX62, Can I ask why you wouldn't have taken the trade 2 hours previous? I guess its due to the 15min time frame confirming your entry! Thank you for your continued selfless teaching it really is so appreciated. Regards Adam
1. I did not enter 2 hours previous because I had no signal to enter. Price was consolidating and had created a wedge between the bottom channel line and the downtrend line. I waited for a price break out of that wedge. When price broke above the downtrend line, I entered and targeted the center channel line. If price had broken the bottom channel line, I would have waited for a valid signal to enter that direction, set up a down trend channel and set a target there.
2. Notice that the all three lines of the TDI were hanging out around the 50 line and moving sideways. There was no TDI signal to enter 2 hours previously. The TDI signal to enter came with a cross of the green over red and gold and 50 line at the open of my entry candle.
  • #31,344
  • Edited 1:46pm Feb 22, 2014 1:17pm | Edited 1:46pm
Quoting emmanuel7788
{quote} UJ still in range after another WRB and now MC. The Historical 102.50 is in play until we see a higher TF reversal in D and H4. That H1 setup failed. How could you have avoided that 3 bar PCRF? I see an interesting chart pattern emerging. Still too ealry and not enought trading hours till NY closes today. Come back next week. {image}
Dear Big EMU

why my chart dont look like your chart...i see no PCRF...No Bull candle?...


oops sorry i got it...i marked wrongly

Regards

omonisha
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #31,345
  • Feb 22, 2014 6:21pm Feb 22, 2014 6:21pm
Hi TMS Folks,

Good to see so many posts on a weekend and some good people are posting, sharing and helping others in answering their questions.
This is the true spirit of this thread It feel good when I read all these. Keep the spirit and emit positive energy in this thread.
Remember, many people will keep reminding us to "keep it simple', so we must.
To keep to trading TMS in its simple form there are some basic rules to follow. But these basic rules are not hard rules so we need to use our own discretion when we do our own technical analysis.
Techncial analysis can be subjective at times and therefore we must use our own judgement and experience. We need to build up our own experience through practice, practice, practice .....
Keep an open mind when other members share and discuss some of their own work here.
The TMS method should remain the core trading method and we use only 3 technical indicators - the TDI, the APB /HA and one 5EMA shift +3,close price.
It is the Price Action PA and Support and Resistance S&R which we must learn to identify on our charts and adopt PA and S&R with the 3 techncal indicators.

Today, I shall busy myself to study and research on the channel lines shared by Phx62. There is similarity in what he does and what I am doing with the use of channels. I am sure both Phx62 and I will make that work for our own trading and we will have another tested tool to our trading arsenal.

Enjoy your weekend.

I will be back in few hours and we shall discuss our plan for trading UJ next week and next month.

Be good, keep cool.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,346
  • Feb 22, 2014 9:08pm Feb 22, 2014 9:08pm
Quoting emmanuel7788
Hi TMS Folks, Good to see so many posts on a weekend and some good people are posting, sharing and helping others in answering their questions. This is the true spirit of this thread It feel good when I read all these. Keep the spirit and emit positive energy in this thread. Remember, many people will keep reminding us to "keep it simple', so we must. To keep to trading TMS in its simple form there are some basic rules to follow. But these basic rules are not hard rules so we need to use our own discretion when we do our own technical analysis....
Many thanks Emmanuel for all the teachings you put for us and the hard work in helping others, it certainly helping me personally , indeed I have learnt a lot from seeing how you do Big Picture Planning and last week I shorted GU just because your teachings told me to do so
I Have Learned to Take Some Losses to Make Profits
  • #31,347
  • Feb 22, 2014 9:42pm Feb 22, 2014 9:42pm
Quoting emmanuel7788
Here is an exercise with Multi TimeFrame Analysis MTFA for EURAUD. We are still in week 08 candle and we must wait till this week close to see what the candle will close be. The previous 3 weeks were bearish and price pull back from RN 1.5050 with no historical swing level anywhere closeby. But yesterady D closed spinning top candle which is seen as indecision day. It is not convincing as a bullish reversal yet, but we can trade using the D candle bias. There is potential for a MC breakout but we face the BRN 1.5300. We can trade intraday in H1...

Hi Emmanuel, firstly, please allow me to sincerely thank you for your unselfish dedication to help and mentor so many traders through this valuable forum.
Your advice is always clear, precise, to the point, very well illustrated, easier to understand and thereby very helpful.

The Template used in this chart is different from the one you posted earlier in post # 30,390.
This one is much more comprehensive and advanced.
Would it be possible for you to please share it ?

Thanks and regards.
  • #31,348
  • Feb 23, 2014 2:59am Feb 23, 2014 2:59am
Quoting Phx62
{quote} First, let me state, this unproven method is not for newbies or traders without a proven trading plan. It is also NOT a part of the Trading Made Simple system. I am simply answering the questions presented to me by Emmanuel. I tried the Shi Channel indicator but had the same problems as you. I have a friend who trades channels and he has been after me to try them. Then I got an invitation by e-mail to listen to a trader named Scott Barkley who has developed a plan to trade to targets within channels, so I attended a weeks worth of his free...
Thanks PHX62,

Here is the link to the video if anyone is interested!

Inserted Video
  • #31,349
  • Feb 23, 2014 3:24am Feb 23, 2014 3:24am
Quoting adamjhdavis
{quote} Welcome Viktor.Kren, I don't get chance to write on the thread at the minute due to work commitments but my advice to you would be: - -Read the whole thread -Focus on Big E, Emmanuel and PHX62 -Keep it simple -Find a set of rules that suit you, don't make it too complicated. -Trade like a machine as much as possible -Keep the TDI and APB at the heart of what you do. I have spent months learning and testing and I now trade positively. I am no where near at the level of the top guys but am profitable. My style is very much like PHX62, my head...


Ok Adam, Thanks for the reply.
Everything carefully read through.
I think it is a great pity that there's no online trading room where traders are trading live. It would be very helpful for beginners.
  • #31,350
  • Edited 3:49am Feb 23, 2014 3:32am | Edited 3:49am
Fellow traders who live in US, if your trading in FXDD, can you able to execute buy and sell in one currency at the same time?
  • #31,351
  • Feb 23, 2014 3:51am Feb 23, 2014 3:51am
Interesting to know on every spreads sessions in every BROKER.

http://www.investing.com/brokers/com...preads-gbp-usd
  • #31,352
  • Feb 23, 2014 4:17am Feb 23, 2014 4:17am
Quoting Phx62
{quote} 1. I did not enter 2 hours previous because I had no signal to enter. Price was consolidating and had created a wedge between the bottom channel line and the downtrend line. I waited for a price break out of that wedge. When price broke above the downtrend line, I entered and targeted the center channel line. If price had broken the bottom channel line, I would have waited for a valid signal to enter that direction, set up a down trend channel and set a target there. 2. Notice that the all three lines of the TDI were hanging out around the...
1. OK thanks for the reply I see that now. Is the upper trend line the heart line of the bigger down channel?

2. I see what you mean about the TDI however on my 1 hour it did not set as a cross for a traditional entry, I guess during the second blue candle you entered on the break of the trend line and the fact the grean crossed red and yellow during that hour!

Thank you for your patience I would really like to look into your thought process as much as possible on this one please forgive me

http://charts.mql5.com/3/973/euraud-...ari-uk-ltd.png
  • #31,353
  • Feb 23, 2014 7:09am Feb 23, 2014 7:09am
Quoting adamjhdavis
{quote} Thanks PHX62, Here is the link to the video if anyone is interested! http://www.youtube.com/watch?v=RbPf3e8thMo
Yes thanks for the video , definitely will help
I Have Learned to Take Some Losses to Make Profits
  • #31,354
  • Edited 7:37am Feb 23, 2014 7:13am | Edited 7:37am
Quoting minortrader
{quote} Hi Emmanuel, firstly, please allow me to sincerely thank you for your unselfish dedication to help and mentor so many traders through this valuable forum. Your advice is always clear, precise, to the point, very well illustrated, easier to understand and thereby very helpful. The Template used in this chart is different from the one you posted earlier in post # 30,390. This one is much more comprehensive and advanced. Would it be possible for you to please share it ? Thanks and regards.

Hi minortrader,

I am happy to read that my sharing here in this thread had helped you. Thanks.

Here is the template attached.

Also a couple of pics to explain how you can added any of the options using the pipware-charts.ex4 into more sub-windows.

Attached Image (click to enlarge)
Click to Enlarge Name: tms-w-3_mincharts.png Size: 107 KB


Attached Image (click to enlarge)
Click to Enlarge Name: pipware parameters.png Size: 109 KB


You need to look in the indicator properties and select the option you want carefully. Any conflict will not work.

Regards,

EMMANUEL
Attached File(s)
File Type: tpl !#_tdi-w-3_mincharts.tpl   22 KB | 631 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,355
  • Feb 23, 2014 7:17am Feb 23, 2014 7:17am
Quoting emmanuel7788
Hi TMS Folks, Good to see so many posts on a weekend and some good people are posting, sharing and helping others in answering their questions. This is the true spirit of this thread It feel good when I read all these. Keep the spirit and emit positive energy in this thread. Remember, many people will keep reminding us to "keep it simple', so we must. To keep to trading TMS in its simple form there are some basic rules to follow. But these basic rules are not hard rules so we need to use our own discretion when we do our own technical analysis....
Thank you Emmanuel,was very nice of you try to give us newbies a direction how to trade,and stay in course.
happy trading
  • #31,356
  • Feb 23, 2014 7:20am Feb 23, 2014 7:20am
USDJPY week 09 Big Picture Planning:

See attached pdf. All planning notes and commente written on the charts.

We may see an early sell entry on H4 but that is early as the D chart has not shown any bearish move. Watch the PA and those Historical swing levels closely. Price can move around these levels 50 to 100 pips. This is good enough for intraday H1 trading.

After the G20 meeting closed today, anything can happen and things can change when NY opens on Sunday afternoon. Read the reports on what transpired and then wait for Tokyo open. Then we re-look at this UJ week 09 BPP. Remember next week is when this Feb MN candle will close, then we update BPP and plan for next MN March.

Good Trading next week folks.

EMMANUEL
Attached File(s)
File Type: pdf UJ week 09 Big Picture Planning.pdf   275 KB | 980 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,357
  • Feb 23, 2014 8:16am Feb 23, 2014 8:16am
Quoting emmanuel7788
{quote} Hi minortrader, I am happy to read that my sharing here in this thread had helped you. Thanks. Here is the template attached. Also a couple of pics to explain how you can added any of the options using the pipware-charts.ex4 into more sub-windows. {image} {image} You need to look in the indicator properties and select the option you want carefully. Any conflict will not work. Regards, EMMANUEL {file}
Hi Emmanuel7788.

Thanks a lot.

Yes. Reading this thread (selectively) from the beginning, taking notes, following it religiously for the past three weeks and more importantly studying each and every one of your posts diligently (during past three weeks), has definitely helped me to analyse the charts on my own and make my trading decisions in a much more informed way.

I still have a long way to go but studying your posts help me immensely as you keep on reinforcing the core principles, fine tuning one's observation of Price Action & important Candle Stick Patterns thus helping us see many more excellent Trading opportunities which otherwise would have been overlooked and missed.

You are putting in an immense effort in carrying on the noble cause of late Big E of helping all the Traders in a most non-selfish manner and I respect you for that.

Thanks and regards.
  • #31,358
  • Feb 23, 2014 12:04pm Feb 23, 2014 12:04pm
Well, I stopped simulating. Maybe I am doing something terribly wrong, but I can not get positive results. I will see what to do about it.
Posting Demo charts, mirroring some of them live.
  • #31,359
  • Feb 23, 2014 12:35pm Feb 23, 2014 12:35pm
I have been reading through the start of the thread and it seems a very simple method of trading (single timeframe one main indicator etc), however looking at some of the recent posts it seems folks have all manner of indicators, lines and multi timeframe analysis. I accept is isn't a 100% mechanical method and one must watch for S/R and price action but can still be called Trading Made Easy with all this new stuff?
  • #31,360
  • Edited 1:26pm Feb 23, 2014 1:02pm | Edited 1:26pm
Quoting Bullet
I have been reading through the start of the thread and it seems a very simple method of trading (single timeframe one main indicator etc), however looking at some of the recent posts it seems folks have all manner of indicators, lines and multi timeframe analysis. I accept is isn't a 100% mechanical method and one must watch for S/R and price action but can still be called Trading Made Easy with all this new stuff?
Welcome Bullet,

Emmanuel has already touched on this a few posts back, check it out....

Quoting emmanuel7788
Hi TMS Folks, Good to see so many posts on a weekend and some good people are posting, sharing and helping others in answering their questions. This is the true spirit of this thread It feel good when I read all these. Keep the spirit and emit positive energy in this thread. Remember, many people will keep reminding us to "keep it simple', so we must. To keep to trading TMS in its simple form there are some basic rules to follow. But these basic rules are not hard rules so we need to use our own discretion when we do our own technical analysis. Techncial analysis can be subjective at times and therefore we must use our own judgement and experience. We need to build up our own experience through practice, practice, practice ..... Keep an open mind when other members share and discuss some of their own work here. The TMS method should remain the core trading method and we use only 3 technical indicators - the TDI, the APB /HA and one 5EMA shift +3,close price. It is the Price Action PA and Support and Resistance S&R which we must learn to identify on our charts and adopt PA and S&R with the 3 techncal indicators. Today, I shall busy myself to study and research on the channel lines shared by Phx62. There is similarity in what he does and what I am doing with the use of channels. I am sure both Phx62 and I will make that work for our own trading and we will have another tested tool to our trading arsenal. Enjoy your weekend. I will be back in few hours and we shall discuss our plan for trading UJ next week and next month. Be good, keep cool.

the below is a post from August last year and should help a little....

"The TMS entry and exit rules are simple and very easy to learn and to follow (part of your trading strategy). The pre-requirements to trading is the preparation work and planning. Doing the prep work and having a trade plan is important because that helps us to look for chart conditions and the opportunities to get into the market (part of your trading system)."post: # 20085


Some important posts (for reflection) in TMS 4H trading:

Emmanuel on getting up to speed with TMS & the shortcut to TMS success (the red herring): Post # 21782
Emmanuel on Building a winning system using TMS as the core method: Post #19498, 20108
Emmanuel on General TMS trading rules for 4H: Post #19223, 19274
Emmanuel on Preparation work for TMS 4Hr traders: Post #19297 & 19308 & 19345
Emmanuel on Big Picture Planning: Post #18709, 18710, 18711, 18721, 18722, 18721, 18723, 18724
Emmanuel on the importance of having a plan A, B & C:16197
Emmanuel on TMS entry / Exit Rules: Post # 18227

Please note: the above references to post numbers are intended to draw attention to specific areas of TMS 4h trading for people that are finding it hard to navigate this thread, or don't want to invest the time into looking at what TMS 4H trading truly entails...a system of interlinking parts. These references to post numbers should not act as a substitute for reading the whole thread from start to finish...until this is done (reading the thread from start to finish!) you will not be able to see some of the developments and focus points that you can implement into your system in-order to enhance your success of trading TMS as a core method in a consistent (and consistently profitable) way.

Once again, I can't stress the importance of reading the entire thread or posts from specific contributors such as phx62, Emmanuell and BigE.


Regards,

Erol
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