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Trading Made Simple

  • #82,081
  • Sep 20, 2017 6:07am Sep 20, 2017 6:07am
Good Morning

I am new to Forex Factory but not new to trading and always learning I have read the beginning of this thread and the end I will go back and read the thread through as time permits

near the end I did not see eelfranz that started the thread

thanks and looking forward to the read
  • #82,082
  • Sep 20, 2017 6:51am Sep 20, 2017 6:51am
Quoting hzs10
{quote} May I know what is the yellow line in the TDI for?
USDCAD still above Daily EMA 10 (roughly same as H4 EMA 50), which just acted as support at 1.2236.
Besides, I wouldn't touch any USD pair before later today
Good trades and good luck
  • #82,083
  • Sep 20, 2017 6:54am Sep 20, 2017 6:54am
Any one bought CadJpy??
Attached Image (click to enlarge)
Click to Enlarge Name: CadJpyH1.PNG Size: 42 KB
  • #82,084
  • Sep 20, 2017 6:56am Sep 20, 2017 6:56am
Quoting arasheed
Any one bought CadJpy??{image}
Not before we break 91.10 as far as I am concerned
  • #82,085
  • Sep 20, 2017 7:03am Sep 20, 2017 7:03am
Quoting arasheed
Any one bought CadJpy??{image}
First time trying this system. longed at 90.87. will see how it goes for this candle to close.
  • #82,086
  • Sep 20, 2017 7:06am Sep 20, 2017 7:06am
Quoting darko2010
{quote} Not before we break 91.10 as far as I am concerned
Actually H1,H4,D1,MN show uptrend ??
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor.PNG Size: 24 KB
  • #82,087
  • Sep 20, 2017 7:10am Sep 20, 2017 7:10am
Quoting arasheed
{quote} Actually H1,H4,D1,MN show uptrend ??{image}
I don't know the algo behind that page but I trust my eyes more
  • #82,088
  • Sep 20, 2017 9:16am Sep 20, 2017 9:16am
Took this trade start of NY. audjpy. Good so far as profit locked in.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYproH4.png Size: 35 KB
  • #82,089
  • Sep 20, 2017 12:45pm Sep 20, 2017 12:45pm
Quoting emmanuel7788
{quote} nothing nice for D1 chart trading in the 19 pairs I have on my watchlist. which means there will be breakouts potential anytime this week and next. questions is: How do you get into the market before the breakout?
Thanks a lot for your guidance. Was today the breakout day you were talking about? I did not enter any trade this week. At this moment my BPP and your hint of breakout says that it is THE TIME to enter into NZDUSD. Am I still not getting the point?

Regards
  • #82,090
  • Sep 20, 2017 12:52pm Sep 20, 2017 12:52pm
Quoting Sesamstrasse
{quote} Hi Mazibee. Just think about it how you accept a "open" candle. UJ monthly (I use only the closed bars for my view) was a bearish indecision bar. -No critic! -Just think about it if you´d give more weight to a open or a closed candle. By the way.. the YEN and GBP crosses looks best at my big picture view some are candidates for the "year end rally". Stay tuned Guido {image}

Thanks for guidance. Point noted.
From now on more weight would be given to the closed candle and less to an open candle.

Regards
  • #82,091
  • Sep 20, 2017 1:47pm Sep 20, 2017 1:47pm
Tradorax: Binary trading website ceases operations after encouraging people to 'fraudulently' bet on markets


http://www.independent.co.uk/news/bu...-a7957446.html
  • #82,092
  • Sep 20, 2017 2:51pm Sep 20, 2017 2:51pm
Quoting mazibee
{quote} Thanks a lot for your guidance. Was today the breakout day you were talking about? I did not enter any trade this week. At this moment my BPP and your hint of breakout says that it is THE TIME to enter into NZDUSD. Am I still not getting the point? Regards
We must not generalize by saying there is a breakout day. Every currency pair is different and we being technical traders will rely on our technical studies and analysis to trade. When we do our top down analysis we look for the market type the pair has been trading recently and if we see pair that are under price consolidation, we check the economic calendar for news/events and prepared our trade plan.

CAD and NZD pairs are pairs on my radar this week and next week. Kiwi with better forecast GDP and parliamentary elections this weekend, the market mood is positive for NZD. CAD is waiting for something else to happen.

USD pairs are for this week since we have FOMC. Look at EURUSD, USDCAD and USDJPY , what happened hours ago. FOMC was pro USD as some 'predicted'.

JPY pairs also this week with BoJ announcement today Sep 21.

Just need to keep a balance in picking any 5 pairs to trade as a pool. If in one pool, we get 3 winners out of 5 we picked, we are good.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,093
  • Sep 20, 2017 2:55pm Sep 20, 2017 2:55pm
Attached Image
  • #82,094
  • Sep 20, 2017 3:03pm Sep 20, 2017 3:03pm
Quoting arasheed
{quote} Actually H1,H4,D1,MN show uptrend ??{image}
Do Not rely on that TMS Monitor Recommendation for Buy / Sell. Do our own technical analysis and use that TMS Monitor for an overview of all the pairs we trade and use the alert feature only.

CADJPY is bullish and 2 days were not real selling. It just profit taking after a weekly strong bullish rally and ahead of BoJ policy statement this week.

Also there are 8 other JPY pairs with nicer technicals to look at.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY Week 28 Sep 21 pre BoJ.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,095
  • Sep 20, 2017 3:16pm Sep 20, 2017 3:16pm
Quoting hzs10
{quote} May I know what is the yellow line in the TDI for?

Quoting siestakey
Good Morning I am new to Forex Factory but not new to trading and always learning I have read the beginning of this thread and the end I will go back and read the thread through as time permits near the end I did not see eelfranz that started the thread thanks and looking forward to the read
I think to read all the 80k posts in this thread will take very long time and to get started trading with TMS 5-Method.

You can have three options:
Option #1 will help you in knowing the OP and the history of this 'system'.
Option#2 is what you can take along with you and read in your free time.
Option #3 is for you who have been trading for 5 years and you will get started very easily.


Option #1: Go to this post link, read and follow that post.

https://www.forexfactory.com/showthr...80#post9661780

Option #2: Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

Option #3: Click and read One, Two and Three

TDI Modes:

Scalping - Big E's choice
Long = Green above Red
Short = Green below Red

Active
Long = Green above Red, above Yellow lines
Short = Green below Red, below Yellow lines

Moderate This can be your choice, it is 'safer' and most profitable
Long = Green above Red, above Yellow, & 50 lines
Short= Green below Red, below Yellow & 50 line
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,096
  • Sep 20, 2017 3:48pm Sep 20, 2017 3:48pm
Quoting emmanuel7788
EURJPY Sep 20 D1 chart. Slow market today ahead of FOMC later during the NY session ... about 7 hours time. Question is do we take the profit and walk away or wait for the HA to close and see if that change in colour for exit. or where do you want to move your SL before FOMC and fight it. {image}

FOMC created huge H1 and H4 candles and closed Inside Bar D1 candle with no exit. Now EJ presses higher before BoJ rate today.

Expect volatility in few hours. Use PAC stop.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Sep 21 pre-BoJ.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,097
  • Sep 20, 2017 4:46pm Sep 20, 2017 4:46pm
Quoting hzs10
{quote} First time trying this system. longed at 90.87. will see how it goes for this candle to close.
30pips profit now
  • #82,098
  • Sep 20, 2017 4:46pm Sep 20, 2017 4:46pm
Quoting emmanuel7788
EURGBP Sep 20 .. after a very good run, is this the start of consolidation? {image} if today does not trade above or below that Thursday big candle, then we have a MC[3]. that is potential breakout trade ahead of us. Cannot say it will be this week or next, but wait for the MC to form first. notice the TDI Green re-entering the VB?

EURGBP MC[3] confirmed. Now we wait patiently for the next big move or it can also go into range trading for many days.

Attached Image (click to enlarge)
Click to Enlarge Name: ERUGBP Week 38 D1 MC3 Sep 21.png Size: 71 KB


Listen to what goes on in the UK and their Brexit 'divorce penalty' which PM May want to negotiate.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,099
  • Sep 20, 2017 4:58pm Sep 20, 2017 4:58pm
shorted AU this morning at 0.8029. will likely close before RBA Lowe speaks at 1.10pm (GMT +8)
  • #82,100
  • Sep 20, 2017 6:05pm Sep 20, 2017 6:05pm
Quoting emmanuel7788
{quote} With the D1 bullish engulfing outside bar, you do not have to rush in and buy when the day open. You either wait for the retracement for an better price single entry or wait in H1 for the setup in H1. Remember we have the next 24 hours to make a trade. if we simply buy when the new day candle open, we will have to sit through the retracement and see our single entry trade in floating loss. or we trade with multiple entries to build position in the market by multiple entries during the retracement.
Hey everyone,

When you find à pa set up like the one above... On an inside bar... Or mother candle, do you always wait To trade the breakout on H1?
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