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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #90,741
  • Sep 12, 2018 1:07pm Sep 12, 2018 1:07pm
Quoting lddd
{quote}Ask somebody trading fundamentals you will hear, technical analyse not working at all and itīs the news what markets move and not any chart patterns or lines crossing.
Really?

Stop listening to what other people are telling you. Do your own study to what work and does not work.
Trade away from S/R. (but you know that already.)
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  • #90,742
  • Sep 12, 2018 1:52pm Sep 12, 2018 1:52pm
USD/JPY worked out well, hitting my TP level. However as i was not very confidence with it TP was only 20 Pips. Probably not what you guys are looking for to get rewarded for the H4.

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  • #90,743
  • Sep 12, 2018 1:54pm Sep 12, 2018 1:54pm
Quoting Tekkies
{quote} Really? Stop listening to what other people are telling you. Do your own study to what work and does not work. Trade away from S/R. (but you know that already.) {image}
I am long on the Dax. Good luck.
  • #90,744
  • Sep 12, 2018 4:40pm Sep 12, 2018 4:40pm
Actual TMS: https://www.forexfactory.com/showthr...0#post11471820
Toxic Flow for FX Brokers.
  • #90,745
  • Sep 12, 2018 5:13pm Sep 12, 2018 5:13pm
Quoting anti-flash
Actual TMS: https://www.forexfactory.com/showthr...0#post11471820
Nope more like this:
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  • #90,746
  • Sep 12, 2018 5:56pm Sep 12, 2018 5:56pm
Quoting emmanuel7788
TMS Monitor Week 27 Sep 10 Cherry Picking season The buyers of EUR and GBP crosses made some people very rich... but all that will come to an end. Then come the correction and others (sellers) will become rich having waited patiently and holding to floating losses and have the mental conditioning aka mental fitness to trade. {image}
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EURxxx and GBPXXX

Monday was like the above.

And today Sep 13, some D1 cherries look ready for picking but the higher up ones W1 are not quite ready yet.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Sep 13 D1 turnover EURxxx GBPXXX.png Size: 16 KB


Can possibly look at taking some short term trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,747
  • Sep 12, 2018 6:02pm Sep 12, 2018 6:02pm
Quoting Tekkies
{quote} Nope more like this: {image}
Nice work, buddy.

Which Tarot Card did you use?

TDI isn't one.
Toxic Flow for FX Brokers.
  • #90,748
  • Sep 12, 2018 6:13pm Sep 12, 2018 6:13pm
Quoting okoso
{quote} As we discussed, the market is sideways trading between the high low of the WRB of Week 34. Now we have a H4 sell setup breaking the low of the H4 WRB after that less than impressive US PPI data which is confirmed by TDI. I see price reversed from confluence of resistances like High of WRB week 34, previous week high, RN 111.50. Let's see how this trade goes. Okoso {image}

Hi okoso,

very good trades!

when the Weekly is sideways in narrow range, we will see the weekly swing highs and swing lows.
the W1 has 29 H4 bars/candles, if we catch the swing high and swing low during the week, we can make some money.

on your chart, I see examples of swing highs and swing lows that often seen on our charts.

1 and 2 are the Master Candle consolidation

3 is also consolidation with a Master Candle, breakout failed when PA fails to break the last high and with divergence, reversal.

4 and 5 are good examples what Big E would have said look the the "last reversal, are the candle big or small or what"?. That the NFF system type of trade which he adapted to H4.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,749
  • Sep 12, 2018 6:48pm Sep 12, 2018 6:48pm
Quoting emmanuel7788
{quote} 4 and 5 are good examples what Big E would have said look the the "last reversal, are the candle big or small or what"?. That the NFF system type of trade which he adapted to H4. {image}
Which are no big candles in this case? Nice TP, SL levels here. But according to BigEīs rules for TDI entries, you should have entered your sell position/s with the open of the second red candle after the reversal already marked by Emmanuel at point 5.

Attached Image (click to enlarge)
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I was already late on this one and only took a few pips as you may can see from my chart. I also marked the entry candle for going short on H4 here (vertical red line). That was London open 9:00 am Candle GMT +3 (my brokers server time) or 8:00 GMT +2 my local time.

Anything i missed? Oh yeah and Tekkies mentioned this one would be above support and is therefor a no trade for him (i hope i got this right Tekkies). Not sure what BigEs rule is here exactly. I only was reading about trading away from SR and trying to leave out trades where entries would be to close to last swing highs/lows (which in this case is obviously not true, there is plenty of room i think for a H4 trade if you not expect 100+ Pips).

I am still learning, please donīt consider my words trustworthy

regards.
  • #90,750
  • Sep 12, 2018 6:54pm Sep 12, 2018 6:54pm
Quoting emmanuel7788
GBPCAD Sep 12 would look easy, but you should know the risks trading this pair. I see the D1 is above its 10EMA, so that is my support for today's trading. Watch for the reaction around there. But first it has to overcome the BRN 1.7000, then next lower is the 1.6950. The 4H swing traders will have to handle the 50EMA reaction. M15 now is in consolidation ... I see Master Candle, {image} {image}

GBPCAD H4 reaction at 50EMA and 200EMA Sep 12,

but the 'trend' is intact.

wait till W1 closes on Friday Sep 14, then decide next week to load more short swing sells,

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,751
  • Sep 12, 2018 7:03pm Sep 12, 2018 7:03pm
Quoting emmanuel7788
{quote} GBPCAD H4 reaction at 50EMA and 200EMA Sep 12, but the 'trend' is intact. wait till W1 closes on Friday Sep 14, then decide next week to load more short swing sells, {image}
Do you always want to see the Weekly/Daily Trend within the same direction of a trade you want to take on the H4? In this case this is bearish. And how to determine "direction". So just the last visible candle on the Weekly/Daily to be within the same color (red here, so sell) or even the last 2,3,4,5 candles within the same color?

thanks for your help.
  • #90,752
  • Sep 12, 2018 7:04pm Sep 12, 2018 7:04pm
Quoting emmanuel7788
{quote} Very good analysis and trade taken. Also nice chart pattern on H4 ... double tops at 800EMA, We shall see how this week will close and learn how the TDI Green line would respond to that price action. {image}

EURCAD Week 37 Sep 13 breaks lower

PPA Previous Price Action and BRN 1.5100 as support...
simple trade..only round numbers, use %Risk and do trade Position Size.
sell 1.5100
SL 1.5200
TP 1.5000

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week 37 Sep 13 PPA and BRN 15100.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,753
  • Sep 12, 2018 7:14pm Sep 12, 2018 7:14pm
Quoting emmanuel7788
{quote} EURCAD Week 37 Sep 13 breaks lower PPA Previous Price Action and BRN 1.5100 as support... simple trade..only round numbers, use %Risk and do trade Position Size. sell 1.5100 SL 1.5200 TP 1.5000 {image}
No H4 candle for me yet. No TDI Cross. However i took the trade as suggested as a demo trade, will keep track on this one tomorrow. Thanks for sharing.

Attached Image (click to enlarge)
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update: o.0 i took it long.. time for me to have a nap. Anyways i leave it open as its a demo trade, maybe its even hitting 1.5200 as TP instead of SL here hah.
  • #90,754
  • Sep 12, 2018 10:33pm Sep 12, 2018 10:33pm
Quoting anti-flash
{quote} Nice work, buddy. Which Tarot Card did you use? TDI isn't one.
The one that say:"Follow the rules"
  • #90,755
  • Sep 13, 2018 12:34am Sep 13, 2018 12:34am
Quoting eelfranz
Is that possible? Yes. Years ago when I retired I was looking for something to do. I attended a free local presentation about trading FX. My mind said "We can do that and make money too... from the recliner"... so the torture began as happens to all newbies... I bought one sure fire program for $2,300... saving $1,700 off the normal $4,000 price. Man... I'm on my way I thought. It was so difficult to understand and trade that I never made a dime... in fact I lost most of the time. When I called the companyit was all Greek to me... I thought a lot...
Thank You!
  • #90,756
  • Sep 13, 2018 4:18am Sep 13, 2018 4:18am
Quoting okoso
{quote} As we discussed, the market is sideways trading between the high low of the WRB of Week 34. Now we have a H4 sell setup breaking the low of the H4 WRB after that less than impressive US PPI data which is confirmed by TDI. I see price reversed from confluence of resistances like High of WRB week 34, previous week high, RN 111.50. Let's see how this trade goes. Okoso {image}
Trade update USDJPY.

The trade didn't go as I hoped and as I saw "invalidation" closed the position manually at -20 pips. Probably I should have closed much much earlier when that APB changed color.

Okoso
Attached Image (click to enlarge)
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  • #90,757
  • Sep 13, 2018 4:36am Sep 13, 2018 4:36am
Quoting okoso
{quote} Trade update USDJPY. The trade didn't go as I hoped and as I saw "invalidation" closed the position manually at -20 pips. Probably I should have closed much much earlier when that APB changed color. Okoso {image}
It is because you don't follow the rule's.
- Don't enter a trade on bar 3, you entered at the close of that bar. (Check the time of how long that bar is open if with bar 1 / 2)
- APB showed 2 red bars also
- Exit trade when green goes flat, check mark, hook over.
(Not TMS: check higher and lower time frame
- lower time frame might already show that trend is going back in trade direction
- higher time frame might show only a small pullback
----
- Bounce entry on M15
- Both green / stoch confirm direction
- M15 has a small dojo
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  • #90,758
  • Sep 13, 2018 7:27am Sep 13, 2018 7:27am
Quoting okoso
{quote} Trade update USDJPY. The trade didn't go as I hoped and as I saw "invalidation" closed the position manually at -20 pips. Probably I should have closed much much earlier when that APB changed color. Okoso {image}

Hi okoso,

since that was a SE/SE trade and you are managing manually, you noted the invalidation 2 bars/ HA candles earlier. That H4 pull back candle from the 50EMA looks threatening and with the TDI hook back. the trade entry was good even though is was APB/HA candle#3. Read post#351 .
https://www.forexfactory.com/showthr...91#post4577091

Big E entry HA candle #1 and #2 are more suitable for his aggressive scalping entry for reversals. When we swing trade, we can enter when we see an establish trend even when the entry is using HA#3 , #4 and also #5 provided there is valid price action and there is no risk of any nearby support and resistance.

anyway market is slow and I think liquidity is also thin.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 37 Sep 13 H4 BPP.png Size: 48 KB


wait for W1 to show the next move before taking another swing trade. Check W1 using a 5-period SMMA High-Low PAC.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,759
  • Sep 13, 2018 7:57am Sep 13, 2018 7:57am
Can anyone tell me why the TDI indicator attached to post #25 is not auto updating. I noticed i always have to refresh the charts manually by right clicking, update to see the TDI histogram lines updating its direction.
  • #90,760
  • Sep 13, 2018 8:46am Sep 13, 2018 8:46am
Quoting lddd
Can anyone tell me why the TDI indicator attached to post #25 is not auto updating. I noticed i always have to refresh the charts manually by right clicking, update to see the TDI histogram lines updating its direction.
Thats the way it was designed, to refresh only at the end of a candle which in turn means it will "repaint" but it should stop you watching the green line going up and down on the open bar, because after all, its not a finished candle until its a finished candle
Success means going from failure to failure without loss of enthusiasm
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