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Trading Made Simple

  • #87,921
  • Jun 29, 2018 4:09am Jun 29, 2018 4:09am
Quoting Roni26
Shorted the AUDJPY where the arrow is below- another loss... support to the far left is all I could make out as to why it went against me. Most charts have support to the far left of them, It wasnt previous support but recent support thats why I gambled. Your opinions and thoughts? all will be valued. ROni {image}
As DJsignals says, check the h4 when you are trading H1. Also, if you just want to look on the H1 then look at the swings on your chart, price made a higher swing high, safest is to then look for a higher low and then buy.
Success means going from failure to failure without loss of enthusiasm
  • #87,922
  • Jun 29, 2018 4:17am Jun 29, 2018 4:17am
Quoting Tekkies
{quote} Why do you enter on the 4th bar after the cross? {image}
The trade could have been taken as a bounce trade.
Success means going from failure to failure without loss of enthusiasm
  • #87,923
  • Jun 29, 2018 4:23am Jun 29, 2018 4:23am
Quoting lisat
{quote}The trade could have been taken as a bounce trade.
Yes, would have been valid for a Buy. Unfortunately Roni "Shorted the AUDJPY where the arrow is below"
  • #87,924
  • Jun 29, 2018 4:27am Jun 29, 2018 4:27am
Quoting Tekkies
{quote} Yes, would have been valid for a Buy. Unfortunately Roni "Shorted the AUDJPY where the arrow is below"
Where he went in there was a bounce down on AJ.
Success means going from failure to failure without loss of enthusiasm
  • #87,925
  • Jun 29, 2018 4:36am Jun 29, 2018 4:36am
Quoting lisat
{quote}Where he went in there was a bounce down on AJ.
Don't trade AJ Lisat. So I would not know. Only looked at the cross. If that is not according to the entry rule's for a valid cross, there is not reason to look at price action.

Do not find a reason to enter a trade, that is when you going to pick up problems. If the cross over is already wrong, walk away.

Taking the ride down.
Attached Image
  • #87,926
  • Jun 29, 2018 4:40am Jun 29, 2018 4:40am
Quoting Tekkies
{quote} Don't trade AJ Lisat. So I would not know. Only looked at the cross. If that is not according to the entry rule's for a valid cross, there is not reason to look at price action. Do not find a reason to enter a trade, that is when you going to pick up problems. If the cross over is already wrong, walk away. Taking the ride down. {image}
Bounce trades are valid trades according to TMS rules, not just crosses as you know, so just talking about the cross when there was a bounce trade there is not going to give Roni an idea of what went wrong.
Success means going from failure to failure without loss of enthusiasm
  • #87,927
  • Jun 29, 2018 4:50am Jun 29, 2018 4:50am
Quoting lisat
{quote}Bounce trades are valid trades according to TMS rules, not just crosses as you know, so just talking about the cross when there was a bounce trade there is not going to give Roni an idea of what went wrong.
Are we talking about the same trade? If so please show the bounce:
Attached Image
  • #87,928
  • Jun 29, 2018 4:54am Jun 29, 2018 4:54am
Quoting Tekkies
{quote} Are we talking about the same trade? If so please show the bounce: {image}
Where his arrow is, look at the tdi underneath, you can see the bounce, along with that, my alert went off at the same time for a bounce, from the experts journal:

02:00:05.567 TDI_WatchDog_mod AUDJPYSB,H1: Alert: [TMSWATCHDOG], AUDJPYSB, H1, Bounce DN, B: -4.8, Slope: -6.7, HA Candle: -73/0/1

2:00am is the time in UK, 4am chart time which corresponds with the candle he took it on.
Success means going from failure to failure without loss of enthusiasm
  • #87,929
  • Jun 29, 2018 5:10am Jun 29, 2018 5:10am
Quoting lisat
{quote}Where his arrow is, look at the tdi underneath, you can see the bounce, along with that, my alert went off at the same time for a bounce, from the experts journal: 02:00:05.567 TDI_WatchDog_mod AUDJPYSB,H1: Alert: [TMSWATCHDOG], AUDJPYSB, H1, Bounce DN, B: -4.8, Slope: -6.7, HA Candle: -73/0/1 2:00am is the time in UK, 4am chart time which corresponds with the candle he took it on.
Thanks Lisat
Had to zoomed in. Look at where he entered and where the bounce occurred. He is still late by two bar's (120 minutes) A lot can happen in two houers.
Attached Image
  • #87,930
  • Jun 29, 2018 5:14am Jun 29, 2018 5:14am
Quoting Tekkies
{quote} Thanks Lisat Had to zoomed in. Look at where he entered and where the bounce occurred. He is still late by two bar's (120 minutes) A lot can happen in two houers. {image}
Sorry Tekkies but the bounce happened right where he took the trade, not 2 hours earlier, as I showed from the journal. The point is, it was a valid trade by TMS standards, what should have kept him out was the higher high beforehand, and the h4 whatever else the TDI is showing.
Success means going from failure to failure without loss of enthusiasm
  • #87,931
  • Jun 29, 2018 5:27am Jun 29, 2018 5:27am
This is why I have the TMS watchdog on the chart, because you can see from the journals whether the signals work or not, not just looking at a refreshed chart. Does the watchdog repaint? Of course it does, but all I care about is whether it works in realtime. That way they can be properly backtested from the journals which I have done very extensively. Which work, which don't, what else was happening on the chart at the time and what the higher timeframe tells me. That is why I never go against the higher timeframe and take note of higher highs/higher lows or lower lows/lower highs. When those are taken into account, there are not many that fail.
Success means going from failure to failure without loss of enthusiasm
  • #87,932
  • Jun 29, 2018 5:30am Jun 29, 2018 5:30am
Quoting lisat
{quote}Sorry Tekkies but the bounce happened right where he took the trade, not 2 hours earlier, as I showed from the journal. The point is, it was a valid trade by TMS standards, what should have kept him out was the higher high beforehand, and the h4 whatever else the TDI is showing.
We flooding TMS. The bounce is there, would I have taken it, I would not know. Hindsight trading has no value. It is one were you need to "feel" (price action?) right about entering a trade.
  • #87,933
  • Jun 29, 2018 5:44am Jun 29, 2018 5:44am
Quoting Tekkies
{quote} Why do you enter on the 4th bar after the cross? {image}
Hi Tekkies, Bounce entry.
  • #87,934
  • Jun 29, 2018 6:13am Jun 29, 2018 6:13am
Quoting Tekkies
{quote} We flooding TMS. The bounce is there, would I have taken it, I would not know. Hindsight trading has no value. It is one were you need to "feel" (price action?) right about entering a trade.
What with your "feel" and Emmanuel's "third eye" anyone would think trading was about being psychic. Its not, its about probabilities. Look for the higher highs and higher lows on your timeframe = uptrend, lower lows and lower highs = downtrend. Lower highs and higher lows or higher highs and lower lows = don't bother trading it. Check support/resistance and the higher timeframe. All good, go in.
Success means going from failure to failure without loss of enthusiasm
  • #87,935
  • Jun 29, 2018 6:55am Jun 29, 2018 6:55am
Quoting lisat
{quote} What with your "feel" and Emmanuel's "third eye" anyone would think trading was about being psychic. Its not, its about probabilities. Look for the higher highs and higher lows on your timeframe = uptrend, lower lows and lower highs = downtrend. Lower highs and higher lows or higher highs and lower lows = don't bother trading it. Check support/resistance and the higher timeframe. All good, go in.
Well then BigE had psychic for sure:
Post#270:................. If I'm not feeling strong about a current in progress trade .................
Post#686:................. If they are the same I feel I have better odds on my side .................
Post#718:................. Gives me a better feel for what's going on .................
  • #87,936
  • Jun 29, 2018 7:03am Jun 29, 2018 7:03am
Quoting Roni26
Shorted the AUDJPY where the arrow is below- another loss... support to the far left is all I could make out as to why it went against me. Most charts have support to the far left of them, It wasnt previous support but recent support thats why I gambled. Your opinions and thoughts? all will be valued. ROni {image}

You gambled with that one and you lost. Simple as that.

With the market condition seen, the probability of that trade setup is very low.

Of all the 7 JPY pairs, only USDJPY was clear when Sydney open today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,937
  • Jun 29, 2018 7:09am Jun 29, 2018 7:09am
Quoting ingob
thanks, first only one question , then I practice times. what is the 5-method?

What is 5-Method?

Read post#110.

https://www.forexfactory.com/showthr...77#post4572577
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,938
  • Jun 29, 2018 7:13am Jun 29, 2018 7:13am
Quoting emmanuel7788
{quote} You gambled with that one and you lost. Simple as that. With the market condition seen, the probability of that trade setup is very low. Of all the 7 JPY pairs, only USDJPY was clear when Sydney open today.

Thanks Emmanuel- As you are more of a more experience trader, why would have that trade not been good enough for you to go short on?

Also my previous trade the short on GBPUSD where you said i sold into historical support, could you elaborate for me please.

Best regards,
Roni
  • #87,939
  • Jun 29, 2018 7:23am Jun 29, 2018 7:23am
Quoting Roni26
{quote} Thanks Emmanuel- As you are more of a more experience trader, why would have that trade not been good enough for you to go short on? Also my previous trade the short on GBPUSD where you said i sold into historical support, could you elaborate for me please. Best regards, Roni

GBPUSD Week 26 Jun 29 D1 support

see chart below.

like I said, it is month end and we are shadow trading.

and in the coming weeks, it can hit 1.3025 and lower 1.2950.

my trade plan is to sell the rallies in this downtrend.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 27 Jun 29 D1 support.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #87,940
  • Jun 29, 2018 7:25am Jun 29, 2018 7:25am
Quoting emmanuel7788
{quote} GBPUSD Week 26 Jun 29 D1 support see chart below. like I said, it is month end and we are shadow trading. and in the coming weeks, it can hit 1.3025 and lower 1.2950. my trade plan is to sell the rallies in this downtrend. {image}

Gotcha!- just wanted confirmation!

Thanks Emmanuel- your opinions are greatly appreciated.
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