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Trading Made Simple

  • #82,461
  • Oct 11, 2017 5:43pm Oct 11, 2017 5:43pm
AUDUSD Week 41 Oct 12:

Aussie struggles with low range trading for 3 days after last Friday NFP.

Now we see H4 near the BRN 0.7800 and there is 50EMA above current PA.

Observe the D1 chart if it can close above its 10EMA today, there is short range to the 50EMA just above on D1.

Narrow range trading, small swings hence smaller target TP.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 42 Oct 12.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,462
  • Oct 11, 2017 5:45pm Oct 11, 2017 5:45pm
Quoting emmanuel7788
{quote} Hi, I don't spend time in coding indicators these days. Rather spend my time to help other traders in the trade management issues and coding their order management. But, I can take a look at your TDI alert and see what can be done with the alert you want. I use the TMS Monitor ofr the alerts and that work well for my TMS trading. Trade Well.

Ok, I will send it to you, what is the TMS Monitor ofr the alerts?
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #82,463
  • Oct 11, 2017 5:56pm Oct 11, 2017 5:56pm
Quoting carlen68
{quote} Ok, I will send it to you, what is the TMS Monitor ofr the alerts?

here is the link to the TMS Monitor thread:

https://www.forexfactory.com/showthr...68#post8753868

and with 5 mins to my H4 candle closing, I get this below

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Oct 12 12-10-2017 08-55-19.png Size: 19 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,464
  • Oct 11, 2017 5:59pm Oct 11, 2017 5:59pm
My best trades for this Oct,EN ,The last trade was a oversight.Thanks to all those who share their knowledge here.
Attached Image (click to enlarge)
Click to Enlarge Name: en.png Size: 47 KB
Early bird gets the worm
  • #82,465
  • Oct 11, 2017 6:12pm Oct 11, 2017 6:12pm
Hey guys I'm back. Sorry i been busy working my regular job. Also I will be posting screenshots of my trades soon since I think people would like that and have requested it. Never been much of a picture poster/editor but I am willing to help anyone that needs it. Big E's system still profitable for me.(with my small edits of his system)

See you soon and look forward to showing you guys my trades!!!
Make it as perfect as you can....
  • #82,466
  • Oct 12, 2017 1:03am Oct 12, 2017 1:03am
Here is an example when TMS Monitor shows H1 "strong sell" for EURUSD and GBPUSD for the London Open H1 candle.
Do Not sell blindly .
Look at the HA candles for H4 and D1 then check your charts and see if there is really a good sell setup using basic TMS rules.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor LO+1 Oct 12.png Size: 19 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,467
  • Oct 12, 2017 1:55am Oct 12, 2017 1:55am
USDCAD H1, somethig to consider when this H1 closes in few minutes. Also H4 looks good.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct 12 LO+2.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,468
  • Oct 12, 2017 2:07am Oct 12, 2017 2:07am
Quoting emmanuel7788
Here is an example when TMS Monitor shows H1 "strong sell" for EURUSD and GBPUSD for the London Open H1 candle. Do Not sell blindly . Look at the HA candles for H4 and D1 then check your charts and see if there is really a good sell setup using basic TMS rules. {image}

1.) Heiken Ashi colour change? No


2.) Break Price channel - signal bar? No


3.) TDI cross (green over red)? No


4.) Stochastic (Direction down)? No


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.png Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_D1.png Size: 35 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4.png Size: 33 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1.png Size: 34 KB


Nice example. Thanks Emmanuel!

Apologies to the die-hard TMS school for not posting just the green and red TDI and for the PAC (Price action channel) instead of the traditional 5EMA - not enough time, time for bed............and for the Standard Deviation Channel (SDC), a la 'the mighty Copernicus', but a picture paints a thousand words.

DISCLAIMER: this does not mean price will NOT go down, it just says according to TMS strategy rules wait for Price Action (PA) and TDI and Stochastic to confirm.

P.S. SDC not indicator, it's part of MetaTrader platform - goto INSERT>CHANNELS>Standard Deviation

On the right track guys?
Real knowledge is to know the extent of one's ignorance.
  • #82,469
  • Oct 12, 2017 2:36am Oct 12, 2017 2:36am
Quoting emmanuel7788
USDCAD H1, somethig to consider when this H1 closes in few minutes. Also H4 looks good. {image}

Set up was good, H1 shows Higher-High, Higher Low bars and Divergence between PA and TDI

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct 12 H1 setup.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,470
  • Oct 12, 2017 4:52am Oct 12, 2017 4:52am
Quoting emmanuel7788
{quote} here is the link to the TMS Monitor thread: https://www.forexfactory.com/showthr...68#post8753868 and with 5 mins to my H4 candle closing, I get this below {image}

Thanks, good luck trading today.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #82,471
  • Edited 8:05am Oct 12, 2017 6:16am | Edited 8:05am
Quoting forexbandit7
My best trades for this Oct,EN ,The last trade was a oversight.Thanks to all those who share their knowledge here. {image}
Hi.

Not sure if all your orders are on the screen.
If yes I have something you need to monitor:

You started with 001 lot size orders.. and let them run for a while .. add a 002 order.. to scale .. but the last visible one is a 01 lot order.. means it needs just 1/4 of the way to make your wonderful trade a BE if the price turns back or retraces deeper.
Because itīs not longer 001+002=003 running, itīs 013 lots running.

1.The best way to keep profits and let them grow is to build positions in the beginning and let run and take a long distance tp.
or
2.Build positions and take a TP and reopen... This way requires a tight stop if you want to trade any instrument a specified direction.

.. just my 2 cents.
Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #82,472
  • Oct 12, 2017 3:31pm Oct 12, 2017 3:31pm
Volatile day for GBP pairs yesterday. Very tough day for intraday traders.

How many managed the catch the 'right' side of the market?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,473
  • Oct 12, 2017 3:55pm Oct 12, 2017 3:55pm
2 'strong buys' when Day open today,

which one to pick?

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Oct 13.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,474
  • Oct 12, 2017 4:00pm Oct 12, 2017 4:00pm
Quoting forexbandit7
My best trades for this Oct,EN ,The last trade was a oversight.Thanks to all those who share their knowledge here. {image}

quite a lot of work managing those open trades but I think you have the right tool for that... to do the trade exit management for you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,475
  • Oct 12, 2017 4:06pm Oct 12, 2017 4:06pm
EURGBP Oct 13,

forgot to mention this, but we have Buy exit signal on D1 chart when the HA candle closed with changed in colour.

not too late to get out of buy trades but you decide if you want to hold on.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,476
  • Oct 12, 2017 10:38pm Oct 12, 2017 10:38pm
Quoting emmanuel7788
EURGBP Oct 13, forgot to mention this, but we have Buy exit signal on D1 chart when the HA candle closed with changed in colour. not too late to get out of buy trades but you decide if you want to hold on.
Does it mean it is time for reversal ?
  • #82,477
  • Oct 12, 2017 11:34pm Oct 12, 2017 11:34pm
Quoting arasheed
{quote} Does it mean it is time for reversal ?
its only exit signal for those using HA change colour for exit.

there is no reversal seen. I want to see a reversal using PASR and there is none at the moment.

those who started selling last week were trying to pick tops and will always have their trading account locked in DD. use your trading capital wisely and not let your money locked in DD. there will be always other pairs to trade without huge floating DD for weeks and months.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,478
  • Oct 12, 2017 11:39pm Oct 12, 2017 11:39pm
Quoting emmanuel7788
{quote} its only exit signal for those using HA change colour for exit. there is no reversal seen. I want to see a reversal using PASR and there is none at the moment. those who started selling last week were trying to pick tops and will always have their trading account locked in DD. use your trading capital wisely and not let your money locked in DD. there will be always other pairs to trade without huge floating DD for weeks and months.
Thanks for your explicit and informative reply.
  • #82,479
  • Oct 13, 2017 5:03am Oct 13, 2017 5:03am
Quoting emmanuel7788
{quote} Trade Report - Week 40 trades closed Oct 02 to 06. Closing some trades before NFP . One loss this week - AUDJPY. {image} For those who PM me for the Trade Report indciator, it is in this post link below. https://www.forexfactory.com/showthr...3#post10231193 download that and use it on any chart and set the dates you want to see.

Trade Report Week 39 to 41 Sep 18 to Oct 13 (20 trading days cycle).

Today I close this 20-trading days cycle. Only managed a profit of 6.1% this cycle. Next week will start a new 20-trading days cycle.


Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Week 39 to 41 Sep 18 to Oct 13.png Size: 49 KB


The Trade Report indicator is in this post link below.

https://www.forexfactory.com/showthr...3#post10231193

download that and use it on any chart and set the dates you want to see.

Details of MT4 Account Summary below:


Attached Image (click to enlarge)
Click to Enlarge Name: TMS MEME Sep 18 to Oct 15.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,480
  • Oct 13, 2017 5:03am Oct 13, 2017 5:03am
Hello, could someone point me to the workable TDI MTF? I have dowloaded a few versions, which show only purple levels
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