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Trading Made Simple

  • #83,041
  • Nov 2, 2017 5:58am Nov 2, 2017 5:58am
aud/usd m30 - 16 pips, taken last night - hidden div off the double bottom/pivot
gbp/jpy m30 - 35 pips, taken last night - off the pivot [trade finally reached tp this morning]
gbp/cad m30 - 35 pips, - hidden div off the pivot
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd 16 pips.png Size: 28 KB
Click to Enlarge Name: gbpjpy 35 pip winner 2.11.2017.png Size: 24 KB
Click to Enlarge Name: gpbcad 35 pip winner 2.11.2017.png Size: 26 KB
  • #83,042
  • Nov 2, 2017 6:22am Nov 2, 2017 6:22am
Quoting venkatredy
hello member of tms is this correct entry {image}
Hi venkatredy
Looking at your chart there is a lot of S/R plus the green line on the TDI did not cross the 50 mark. Maybe look at trading h4 or daily, I prefer daily as it suits my life style more. I attached a image for you, hope it helps in someway.
Cheers
Craig
Attached Image (click to enlarge)
Click to Enlarge Name: 20171102_111731.png Size: 211 KB
  • #83,043
  • Nov 2, 2017 6:29am Nov 2, 2017 6:29am
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,044
  • Nov 2, 2017 8:58am Nov 2, 2017 8:58am
traded the sterling pairs yesterday and got +ve results when rate announcement was announced...here is gcad and g/y...I took g/u as well...same story with bearish engulfing bar and rejected at s/r and a pivot on the 4 hour ..went down to the 1 hour ,saw what I like and took the trades
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADH4.png Size: 77 KB
Click to Enlarge Name: GBPCADH4a.png Size: 56 KB
Click to Enlarge Name: GBPCADH1.png Size: 55 KB
Click to Enlarge Name: GBPJPYH1.png Size: 59 KB
the cautious seldom err....C
  • #83,045
  • Nov 2, 2017 9:36am Nov 2, 2017 9:36am
I have recently migrated my mt4 to vps server. I notice that the trade report indicator doesnt work. Is this because DLLs are not allowed? Just wondered if this is the case or it should work and I will investigate further.
  • #83,046
  • Nov 2, 2017 2:51pm Nov 2, 2017 2:51pm
Quoting pips29
traded the sterling pairs yesterday and got +ve results when rate announcement was announced...here is gcad and g/y...I took g/u as well...same story with bearish engulfing bar and rejected at s/r and a pivot on the 4 hour ..went down to the 1 hour ,saw what I like and took the trades {image} {image} {image} {image}
fantastic
I tried to catch some of this today
  • #83,047
  • Nov 2, 2017 3:34pm Nov 2, 2017 3:34pm
Of course it looks always better when a trade played out nicely..

Sometimes it just donīt work.


I jumped at the beginning of this week in GCAD long.. had some profits..

But the large down move today was too large and my SL was hit.


Stay tuned
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADDaily.png Size: 10 KB
Risiko birgt immer auch die Chance.
  • #83,048
  • Nov 2, 2017 4:14pm Nov 2, 2017 4:14pm
Dear Emm I would be grateful if you would help me to understand how to draw a SR lines on Weekly TF.Maybe some nuances.Regard
  • #83,049
  • Nov 2, 2017 5:11pm Nov 2, 2017 5:11pm
Quoting Kamrans
Dear Emm I would be grateful if you would help me to understand how to draw a SR lines on Weekly TF.Maybe some nuances.Regard
I would suggest to start reading the following thread: https://www.forexfactory.com/showthread.php?t=708441

and reading this
Attached File(s)
File Type: pdf STRATS PASR.pdf   2.2 MB | 509 downloads
  • #83,050
  • Nov 2, 2017 5:13pm Nov 2, 2017 5:13pm
Quoting Sesamstrasse
Of course it looks always better when a trade played out nicely.. Sometimes it just donīt work. I jumped at the beginning of this week in GCAD long.. had some profits.. But the large down move today was too large and my SL was hit. Stay tuned Guido {image}
ouch
  • #83,051
  • Nov 2, 2017 6:19pm Nov 2, 2017 6:19pm
Quoting emmanuel7788
You need to know the Power of 10EMA when applied to forex trading. If we want to keep thing simple, this is one which I would recommend traders to simply use the 10EMA in all different timeframes in their top down analysis. CONSISTENCY is key because we all know there is no holy grail. The Power of 10EMA Post#8,528 by FF member named tango-1
Hai emmanuel... For 10ema...what is the setting you used for 'shift' and 'apply to'
  • #83,052
  • Nov 2, 2017 6:40pm Nov 2, 2017 6:40pm
Quoting emmanuel7788
USDJPY Nov 02 post-FOMC effect after FOMC last night, today is the after-effects so be prepared if we see lower lows today and tomorrow. low regions - 113.75 to 113.65 and also much lower 113.60 to 113.50 {image}
USDJPY Update Nov 03

Before:

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Nov 02 low regions.png Size: 36 KB

Above was FORESIGHT

After:

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Nov 02 low regions update.png Size: 33 KB


Now its is HINDSIGHT
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,053
  • Nov 2, 2017 6:49pm Nov 2, 2017 6:49pm
Quoting nawza
{quote} Hai emmanuel... For 10ema...what is the setting you used for 'shift' and 'apply to'

my answer on 10EMA setting in picture chart

Note that the price will determine the moving average.
Do Not think nor expect that the price will stop at any moving average.
When the price moves, the moving average will move too and it will catch up with the price. That is why it is name 'moving'.
Price can move past its moving average by any many pips as the market wants

see AJ Weekly chart below for detail.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY W1 10EMA.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,054
  • Nov 2, 2017 7:12pm Nov 2, 2017 7:12pm
Quoting emmanuel7788
Here is an example what some traders may called strong support. What is really a strong support? I read this often in FF posts but no one has ever posted a clear definition of what strong Support or Resistance is. A CONFLUENCE of Weekly Close, Weekly Low, 200EMA as dynamic support&resistance, PPA at BRN 1.6800 Note last week was a Doji candle. {image} My trade plan this week is to look for sell for GBPAUD and GBPNZD following the BPP done on Sunday. A potential break to the low side can reach 1.6720 and 1.6600 region. The risk of a bullish...
GBPAUD Week 44 Oct 30 to Nov 03

You may recall this old post above,

after the move higher above 1.700,

now I see the potential move down to the region 1.6720 and 1.6000.

this may not happen today but keep watching over the next few trading days.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 44 low region 16720 16000.png Size: 49 KB


this is not market prediction but it is using "experienced" traders' FORESIGHT what we learn from HINDSIGHT.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,055
  • Nov 2, 2017 7:27pm Nov 2, 2017 7:27pm
Quoting Sesamstrasse
Of course it looks always better when a trade played out nicely.. Sometimes it just donīt work. I jumped at the beginning of this week in GCAD long.. had some profits.. But the large down move today was too large and my SL was hit. Stay tuned Guido {image}

Some trades will not work out as the market cannot be predicted. We follow our trading methodolgy with commitment knowing that the win rate is not 90% to 100%.
If the win rate over a period of 5 years has shown a win rate of 65%, it is good enough. We work on the other two "M" -
1) the money management strategy
2) the mental strategy
these two Ms are the largest components of our individual WINNING EDGE. A technical edge in the trading methodology is not enough for traders to make money from the market consistently.

of the two Ms, the mental strategy is the most difficult for any trading coach to teach.

Regarding your GBPCAD trades, take the losses and move on. Learn from these trades like we learn from backtesting.

I learned to forgive myself for not having the foresight to see ahead what now seems so obvious in hindsight.

GBPCAD chart below shows the low regions where price can move to.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 44 low regions.png Size: 48 KB


the new low region can be 1.6600 and 1.6500
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,056
  • Nov 2, 2017 7:29pm Nov 2, 2017 7:29pm
Quoting Kamrans
Dear Emm I would be grateful if you would help me to understand how to draw a SR lines on Weekly TF.Maybe some nuances.Regard

OK. will pick this up later.

Today is NFP day and I want to close shop for my vacation starting next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,057
  • Edited 8:09pm Nov 2, 2017 7:57pm | Edited 8:09pm
Quoting lisat
{quote}When you did your weekly top down analysis the weekly had printed a bearish engulfing and closed below the 10. The daily was down and below the 10. In fact the weekly and daily 10ema were only passed today so not sure why you were holding buy positions. That is fine if your positions reach take profit but please do not say it was because of a top down analysis and the power of the 10 ema.

Hi TMS Folks,

Pay attention to Price Action and the use of Support/Resistance. Also pay attention to the market conditions.

A "Weekly Bearish Engulfing Bar/Candle BEEB and closed below 10EMA is not a signal for sell".

PASR traders taught by strat will know this by heart.
Those traders who followed his The PATH learned how to identify market conditions when to trade and when not to trade. They become profitable traders through years of learning, practice and diligent trading.
The PATH continues in Trading Systems forum here.

Give yourself time to learn and do your regular practice.
I say 3 to 5 hours everyday for a 3 to 5 years is what most people need to spend to become traders.
Do you have the time and the commitment?

AUDJPY Weekly chart below.
PASR traders will see this very easily.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Weekly WCC.png Size: 32 KB


I am a TMS trader who learn some of the PASR techniques and apply these techniques to my TMS MEME trading. I can trade both trending and ranging market types.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,058
  • Nov 2, 2017 11:52pm Nov 2, 2017 11:52pm
Quoting emmanuel7788
{quote} Hi TMS Folks, Pay attention to Price Action and the use of Support/Resistance. Also pay attention to the market conditions. A "Weekly Bearish Engulfing Bar/Candle BEEB and closed below 10EMA is not a signal for sell". PASR traders taught by strat will know this by heart. Those traders who followed his The PATH learned how to identify market conditions when to trade and when not to trade. They become profitable traders through...
I did not say it was a condition to sell I said your answer to someone asking why you took a buy did not make sense and it doesn't. It is not a condition to sell but it is also not a condition to buy certainly not from your explanation to the poster...."I believe in the power of the 10ema" and "simple rule buy above the 10ema and sell below" did not make sense. Thank you for your concern about my trading but I bought AJ on Wednesday after the doji pin on D1 on Tuesday at S38% and the tdi hooked up looking at the smaller timeframes also to be more sure that it would carry on for a while, took roughly 60 (full) pips so I think I am fine thank you.
Success means going from failure to failure without loss of enthusiasm
  • #83,059
  • Nov 3, 2017 3:20am Nov 3, 2017 3:20am
Quoting Kamrans
Here is the picture of Weekly TF.Is that ok or i should add some lines? to be honest i even cant imagine where i could add them else.Regard {image}
Quoting Kamrans
Dear Emm I would be grateful if you would help me to understand how to draw a SR lines on Weekly TF.Maybe some nuances.Regard
I stopped drawing those Weekly swing levels across my charts.
I only look at those MN swings and look at the most recent W1 swing and use those levels on Line Chart and catch trades either on D1 or H4.

See my EU chart below,
After having drawn the MN price swings, I then add the W1 swing levels and use only short segment lines and not extend the lines back into the history. Too much clutter on charts can 'kill'.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD MN W1 swing levels.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,060
  • Nov 3, 2017 5:17am Nov 3, 2017 5:17am
Quoting emmanuel7788
{quote} Hi TMS Folks, Pay attention to Price Action and the use of Support/Resistance. Also pay attention to the market conditions. A "Weekly Bearish Engulfing Bar/Candle BEEB and closed below 10EMA is not a signal for sell". PASR traders taught by strat will know this by heart. Those traders who followed his The PATH learned how to identify market conditions when to trade and when not to trade. They become profitable traders through...
Emm, this is very helpful but then, does it mean that:
1. no short should be taken on AUDJPY until we break 85.50 which is the bottom of the weekly range?
2. and, until then, only long positions have a higher probability of success, no matter how weaker the long trend seems to get?
3. if not, how to look at this?

Thanks a million in advance, you completely blew me away by calling the 88.10 exit on AUDJPY
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