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Trading Made Simple

  • #82,581
  • Oct 18, 2017 5:31am Oct 18, 2017 5:31am
Quoting emmanuel7788
{quote} I know TST has been trading only EURAUD pair for many years. Now look at EURAUD H1 chart below. The London Open hour is marked with the yellow vertical line. Look at how the previous days traded. What do you see ? Today the current price action at at a BRN 1.5000. Can you already spot where the key support and resistance for today intraday H1 trading? {image}

I can see price reversing around the London open, there was divergence on a previous set of swings too

I am looking at the pair on my chart right now and atm see no setup, but at this exact moment in time, my bias for intraday is bullish. however no setup i can see so i stay out.....
  • #82,582
  • Oct 18, 2017 6:46am Oct 18, 2017 6:46am
Quoting kain775
{quote} Hi emmanuel, here was one of the trades. I think I actually got in this late ..and manually closed the trade thinking it was doomed, only to see it recover later vertical line is the signal [on london open, broker time is 2 hrs in front] purple dash is where i had my sl this week i recently changed my trading style and most of the m30/h1 trades seem to eventually win, but they seem to go into heavy drawdown first ..to the point where i'm sure it's gonna be a loser. nzd/usd m30 did the same yesterday, trade was taken in new york session,...
I think you need to consider doing a proper system development and develop a system to trade H1 London session.

Do this simple exercise.

Draw on a H1 TMS chart a vertical line on every the LO candle. On a GMT+2 broker server time, that is the GMT1000 candle.
Once you have done this, you switch to H4 and look at all the H4 candles which has the LO H1 candle in it. Note the H1 LO candle is always inside the H4 candle.
Save that template.
Once you have done this, you will see this below for EURUSD.
Study the H4 market condition and see how pick a LO H1 trade knowing the H4 market condition.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 chart with LO inside.png Size: 67 KB


With the template saved, you can simply apply another currency pair with this same template.

What do you learn from this exercise?

***Note, the LO candle with change with DST.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,583
  • Oct 18, 2017 10:26am Oct 18, 2017 10:26am
Hello everyone I'm a new member and I'm trading with this method for a few months and I'm constantly trying to improve.
My doubt is this: If there are continuously levels of support and resistance on the chart, when should we enter into a trade if each setup is always close to some of them (S&R)? Should we scalp?

Thank you
  • #82,584
  • Oct 18, 2017 12:25pm Oct 18, 2017 12:25pm
Quoting emmanuel7788
{quote} I think you need to consider doing a proper system development and develop a system to trade H1 London session. Do this simple exercise. Draw on a H1 TMS chart a vertical line on every the LO candle. On a GMT+2 broker server time, that is the GMT1000 candle. Once you have done this, you switch to H4 and look at all the H4 candles which has the LO H1 candle in it. Note the H1 LO candle is always inside the H4 candle. Save that template. Once you have done this, you will see this below for EURUSD. Study the H4 market condition and see how...


my market open indicator was a bit cumbersome to get right as it didn't let me see the london open times on h4 [only h1 and below]

do you have a link to your indicator please.
  • #82,585
  • Oct 18, 2017 12:56pm Oct 18, 2017 12:56pm
Quoting emmanuel7788
{quote} I think you need to consider doing a proper system development and develop a system to trade H1 London session. Do this simple exercise. Draw on a H1 TMS chart a vertical line on every the LO candle. On a GMT+2 broker server time, that is the GMT1000 candle. Once you have done this, you switch to H4 and look at all the H4 candles which has the LO H1 candle in it. Note the H1 LO candle is always inside the H4 candle. Save that template. Once you have done this, you will see this below for EURUSD. Study the H4 market condition and see how...

I decided to draw in the lines manually....


It looks to me like if the h4 candle which contains the LO candle is small ...then the market is at it's high or low for the day?
  • #82,586
  • Oct 18, 2017 3:58pm Oct 18, 2017 3:58pm
Looking at aud/jpy on the daily for a buy.... But its at a résistance level.

Any comments
  • #82,587
  • Oct 18, 2017 7:19pm Oct 18, 2017 7:19pm
Quoting Jaizy
Looking at aud/jpy on the daily for a buy.... But its at a résistance level. Any comments

yesterday was buy the Day Inside Bar breakout.
that breakout was very strong , hence pull back is quite common after a big move.

in lower timeframes, buy the dips says the experts, but rookie trader sell tops and buy bottoms.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 42 Oct 18 IB breakout.png Size: 44 KB



Note: there is PPA previous price action around RN 88.50.
Weekly Pivot traders do not sell blindly at this week's R61

see H4 chart below with Weekly Pivots.
use Weekly chart and volatility for target profit

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 42 WeeklyPivot PPA.png Size: 86 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,588
  • Oct 18, 2017 7:39pm Oct 18, 2017 7:39pm
Quoting kain775
{quote} my market open indicator was a bit cumbersome to get right as it didn't let me see the london open times on h4 [only h1 and below] do you have a link to your indicator please.
those market session indicators which I have seen do not draw the vertical lines correctly because when there is change in DayLightSaving time, they do not adjust according to the broker time.
Need to make one that read the DST timetable and make the adjustment .

Quoting kain775
{quote} I decided to draw in the lines manually.... It looks to me like if the h4 candle which contains the LO candle is small ...then the market is at it's high or low for the day?
I draw the vertical lines manually too. Those who do system development with me will do it the hard way first before they get all the tools available.

You made only one observation. Good attempt for first time.
In system development, one the the top priority lesson is make people to open up the 'third eye' for trading.
There are many things you need to look for when you see the H4 chart where the vertical lines shows where the London Open H1 candle were in history and using our third eye. Keep working on this exercise, write down everything you observe.

When I did this exercise many years ago, the first thing that came to mind was...Big E was such a genius despite losing part of his eyesight . He developed his third eye for trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,589
  • Oct 18, 2017 7:43pm Oct 18, 2017 7:43pm
Quoting Giannis95
Hello everyone I'm a new member and I'm trading with this method for a few months and I'm constantly trying to improve. My doubt is this: If there are continuously levels of support and resistance on the chart, when should we enter into a trade if each setup is always close to some of them (S&R)? Should we scalp? Thank you

Have a self-check on your beliefs about the market.

Attached Image


Do your believe there are trends in every different timeframes?

Do you believe there are support and resistance in different timeframes?

Do you believe you can scalp using H4 chart like Big E did?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,590
  • Oct 18, 2017 7:55pm Oct 18, 2017 7:55pm
Quoting emmanuel7788
GBPCAD naked trading... {image} and TMS chart below: MC[3] breakout entry {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 42 Head and Shoulders.png Size: 49 KB


that was a good 70 to 80 pips if you caught that MC[3] breakout...

I managed only 50 pips, rather conservative.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 42 Oct 18 MC3 breakout.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,591
  • Oct 18, 2017 11:36pm Oct 18, 2017 11:36pm
Quoting emmanuel7788
{quote} yesterday was buy the Day Inside Bar breakout. that breakout was very strong , hence pull back is quite common after a big move. in lower timeframes, buy the dips says the experts, but rookie trader sell tops and buy bottoms. {image} Note: there is PPA previous price action around RN 88.50. Weekly Pivot traders do not sell blindly at this week's R61 see H4 chart below with Weekly Pivots. use Weekly chart and volatility for target profit {image}
Do you have a copy of this weekly Fibonacci pivot points indicator?
  • #82,592
  • Oct 19, 2017 12:09am Oct 19, 2017 12:09am
Long AJ D1
RSI cross MBL above 50
above PAC (first HA bar above PAC was TDI cross <50, not enough confluence to be my cup of tea)
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-10-19_0012.png Size: 71 KB
  • #82,593
  • Oct 19, 2017 12:13am Oct 19, 2017 12:13am
Quoting Pipb0y
Long AJ D1 RSI cross MBL above 50 above PAC (first HA bar was TDI cross <50, not enough confluence to be my cup of tea) {image}

that's perfect when today D1 candle open to buy...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,594
  • Oct 19, 2017 12:24am Oct 19, 2017 12:24am
TMS Monitor Oct 19 H4 closed

The last H4 candle closed 20 mins agao
if you look at the TMS Monitor, the P-Slope of some pairs are very steep.
Look at the TMS charts and learn what this slope value means and how you use this TMS Monitor to help your have an overview of the pairs you trade.
The alert emails work great for me and I do not have t look at my charts all the time until I get an alert.
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Wek 4 Oct 19 0800.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,595
  • Oct 19, 2017 12:29am Oct 19, 2017 12:29am
Quoting emmanuel7788
TMS Monitor Oct 19 H4 closed The last H4 candle closed 20 mins agao if you look at the TMS Monitor, the P-Slope of some pairs are very steep. Look at the TMS charts and learn what this slope value means and how you use this TMS Monitor to help your have an overview of the pairs you trade. The alert emails work great for me and I do not have t look at my charts all the time until I get an alert. {image}
Could you please share the template using? Many thanks
for great work and help you are doing.
best wishes
  • #82,596
  • Oct 19, 2017 12:39am Oct 19, 2017 12:39am
Quoting emmanuel7788
{quote} yesterday was buy the Day Inside Bar breakout. that breakout was very strong , hence pull back is quite common after a big move. in lower timeframes, buy the dips says the experts, but rookie trader sell tops and buy bottoms. {image} Note: there is PPA previous price action around RN 88.50. Weekly Pivot traders do not sell blindly at this week's R61 see H4 chart below with Weekly Pivots. use Weekly chart and volatility for target profit {image}

did you miss "buy the dip" ... the H1 BUOB candle, also aka Arjun candle at 10EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Oct 19 H1 buy dip.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,597
  • Oct 19, 2017 12:49am Oct 19, 2017 12:49am
EURNZD Week 42 Oct 18 and 19

catching the breakouts ... total 231 pips with TMS MEME.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 42 Oct 18 and 19 231pips.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,598
  • Oct 19, 2017 12:59am Oct 19, 2017 12:59am
Quoting blueman
{quote} Could you please share the template using? Many thanks for great work and help you are doing. best wishes

look here:

Post#76,270 for the pipware tool

and

Post#193 for the TMS Monitor tool

blend these together for those pairs you trades and you create your own, save that as your own template.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,599
  • Oct 19, 2017 1:01am Oct 19, 2017 1:01am
these happy folks are starting their transformation journey this week in London workshop.
some will make it to become Super Traders one day, it will take them 1 to 3 years.

Attached Image (click to enlarge)
Click to Enlarge Name: photo2.png Size: 1.2 MB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,600
  • Oct 19, 2017 1:04am Oct 19, 2017 1:04am
Quoting emmanuel7788
{quote} look here: Post#76,270 for the pipware tool and Post#193 for the TMS Monitor tool blend these together for those pairs you trades and you create your own, save that as your own template.
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