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Trading Made Simple

  • #94,561
  • Mar 8, 2019 5:14am Mar 8, 2019 5:14am
Quoting Tekkies
{quote} Follow TDI. Previous entry BE. Little pullback. This time M15H1 is good to go. BE can prevent loss or price can BE, turn around, leaving you with no trade. (Now that sucks big time) Use discretion. Re-enter again, apply the simply rules and stick to it. {image}


Just came back and looked at the pair and did not like the price action.
my opinion on the pair has now changed and i decided to get out for a small loss...

wouldn't be surprised though if it was all this nfp fear driving the price up. traders tend to get soo shook when nfp approaches
  • #94,562
  • Mar 8, 2019 5:55am Mar 8, 2019 5:55am
Quoting kain775
{quote} Just came back and looked at the pair and did not like the price action. my opinion on the pair has now changed and i decided to get out for a small loss... wouldn't be surprised though if it was all this nfp fear driving the price up. traders tend to get soo shook when nfp approaches
Have stop trading.
Three BE plus profit is not worth it. See what happens with NFP.
  • #94,563
  • Mar 8, 2019 6:39am Mar 8, 2019 6:39am
Quoting kain775
{quote} Just came back and looked at the pair and did not like the price action. my opinion on the pair has now changed and i decided to get out for a small loss... wouldn't be surprised though if it was all this nfp fear driving the price up. traders tend to get soo shook when nfp approaches
I am sure you are saying about EURGBP...right?

0.8550 holding

next week is trading sideways market type.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,564
  • Mar 8, 2019 9:58am Mar 8, 2019 9:58am
Quoting emmanuel7788
{quote} I am sure you are saying about EURGBP...right? 0.8550 holding next week is trading sideways market type.

Looking at the pair now i would have been stopped out.

glad i pulled it.....

In forex we like to enter positions where we think we are right. but it is always best to keep an open mind, and if the market is showing tell tale signs you are wrong, it's time to GTFO ...Which is what i did today..........
  • #94,565
  • Mar 8, 2019 2:51pm Mar 8, 2019 2:51pm
Quoting kain775
{quote} Looking at the pair now i would have been stopped out. glad i pulled it..... In forex we like to enter positions where we think we are right. but it is always best to keep an open mind, and if the market is showing tell tale signs you are wrong, it's time to GTFO ...Which is what i did today..........

Yup. Today we have a H4 trade invalidation.

This mean the Weekly will close as Inside Bar and next week we will have range trading. We will update our top down analysis this Sunday and make a trade plan for next week.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 10 Mar 08 near NYC 09-03-2019 04-45-56.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,566
  • Mar 8, 2019 2:55pm Mar 8, 2019 2:55pm
DE30 Mar 08 update ..NY Closing soon

FOLLOW Price Action and learn to see the structure change and pick the best setups.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 08 M15 H4 structure change in making.png Size: 99 KB


to be continued .. next week Mar 11 to 15,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,567
  • Mar 8, 2019 3:30pm Mar 8, 2019 3:30pm
DE30 M15 Follow Price Action

Price Action bounce example for scalpers
with both H1 and H4 in agreement
but we a near to NY closing time.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 08 M15 bounce PA 09-03-2019 05-25-44.png Size: 90 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,568
  • Edited Mar 9, 2019 2:34am Mar 8, 2019 7:20pm | Edited Mar 9, 2019 2:34am
M15H1 or call it "Follow TDI" gave good result's this week, the account grow yet again.
Trend lines:
- Blue are winners.
- Red are managed by BE
- Yellow are a loss.
Attached Image (click to enlarge)
Click to Enlarge Name: 08032019Vrydag week resultaat.PNG Size: 116 KB

I am happy with M15H1 and since using "mental ignore" to Emmanuel constant barking (bickering) past week has been excellent.
------------
Edit:

Post 94,569 (bickering):
"more hindsight paper trading with training charts like the old days. Anyone can draw vertical lines where to enter and where to exit. That trading made simple on paper only"

Take note how those V-Line with enter/ exit took place over a course of a week:
Post 94,444, Post 94,445, Post 94,462, Post 94,473 , Post 94,488, Post 94,495, Post 94,521, Post 94,534, Post 94,535, Post 94,557

It only show how base Emmanuel is. He will say and post anything to discredit TDI, TDI green cross red and Tekkies
(Reader: You slipped up big time Tekkies. Where is the mental ignore? Tekkies: Still holding, barely.)
  • #94,569
  • Mar 8, 2019 8:49pm Mar 8, 2019 8:49pm
Quoting Tekkies
M15H1 or call it "Follow TDI" gave good result's this week, the account grow yet again. Trend lines: - Blue are winners. - Red are managed by BE - Yellow are a loss. {image} I am happy with M15H1 and since using "mental ignore" to Emmanuel constant barking (bickering) past week has been excellent.

it's only mental. You need to manage your emotions better.

more hindsight paper trading with training charts like the old days. Anyone can draw vertical lines where to enter and where to exit. That trading made simple on paper only.

Be patient, very patient, it is only first week in March. with 3 more weeks till end of the month.

My last month Feb closed with 57% growth in my DE30 account.

Exceeded my planned target which is to be CONSISTENT 5% to 10% per month.

Mental strategy is to "Cut Losses Short, Let Profits Run" by Follow Price Action, 3 Timeframes better than 1.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Jan Feb 2019 myfxbook 01-03-2019 07-47-30.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,570
  • Mar 10, 2019 5:17am Mar 10, 2019 5:17am
US DayLight Saving Time change today.

Some brokers adjust their servers from +2GMT to +3GMT which means we have different H4 candles.

Attached Image (click to enlarge)
Click to Enlarge Name: US DST Sunday Mar 10.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,571
  • Mar 10, 2019 5:34am Mar 10, 2019 5:34am
Quoting emmanuel7788
{quote} DE30 Mar 05 D1 update London Closed. Market move back UP and above the average entry price 11068 of my open positions in one basket. I remain patient with this pair now. {image} Weekly still bullish with little retracement so far. {image}
DE30 Week 11 Mar 11 to 15

Interesting week ahead for DE30 lovers. Will it be bull or bear?

D1 tested the MN swing level 11433.00 and pulled back upwards.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 11 D1 closed Mar 08 10-03-2019 18-22-05.png Size: 36 KB


W1 close looks rather bearish, if selling where do you place your initial stop loss which you would be your Risk 'R' and do your trade Positions Sizing?

I have remaining 2 buy open positions in one basket and if market goes sideways, I can possibly look to breakeven the basket or even take some profits if the swing is wider.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 11 W1 close Mar 08 10-03-2019 18-24-00.png Size: 44 KB


Have a good trading week folks,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,572
  • Mar 10, 2019 5:57am Mar 10, 2019 5:57am
The NEW Heiken Ashi ─ APB Price Action Channel

https://www.forexfactory.com/showthread.php?t=831726

Attached Image (click to enlarge)
Click to Enlarge Name: NewPAC.jpg Size: 138 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #94,573
  • Mar 10, 2019 6:01am Mar 10, 2019 6:01am
Quoting v2vboni
The NEW Heiken Ashi ─ APB Price Action Channel https://www.forexfactory.com/showthread.php?t=831726 {image}

✜ The Price Action Channel (PAC) ✜
─ Provides overall direction near price.
─ Reveals periods of consolidation.
─ Reveals periods of volatility.
─ Use as an Entry/Exit Target
─ Use as a Trailing Stop Loss

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,574
  • Mar 10, 2019 6:17pm Mar 10, 2019 6:17pm
DE30 Week 11 Mar 11 NY Sunday Open GAP

As usual when there is gap in the open price from last Friday' close, the TDI is useless and the floating man is our reminder.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 11 Mar 11 sunday day open 11-03-2019 07-06-34.png Size: 232 KB


Note: the current H4 has made a higher high, we wait and see the rest of the M15's bars/candles in that 4H period to see structure of we have a higher low or a much lower low than the previous H4' Low.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,575
  • Mar 10, 2019 6:26pm Mar 10, 2019 6:26pm
Follow Price Action

Here is an example of a price action setup for advanced TMS traders who believe Price Action is king.

There is the well known 123 and there is the Ross hook.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 11 123 Rh entry example 11-03-2019 07-19-19.png Size: 82 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,576
  • Edited 7:40pm Mar 10, 2019 6:35pm | Edited 7:40pm
Joe Ross' TTE.

Years ago I attended a series of workshops by Joe Ross and collected lots of learning material. There is no need to subscribe to any online website of pay for stuff that are more than 10 years old. I will share some of the resources when I find them to be useful for those who are open mined an want to learn to become better traders.

Here is a pdf presentation as introduction which you can study and learn a few tricks how to trade price action with TMS 5-Method. Many traders are doing it on naked charts. But TMS traders will see that there are more trade entry opportunities using Price Action and they will experience that both the Stochastics and TDI are lagging the Price Action technique.

{pdf deleted}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,577
  • Mar 10, 2019 7:09pm Mar 10, 2019 7:09pm
Week 11 2019:

New traders coming to this thread have three Options:

Option #1: Go to this post link, read and follow that post.The TMS history is all here.

https://www.forexfactory.com/showthr...2#post10965032

Option #2:
You don't have to read 4729 pages (94,575 posts)
Just two pdf files compiled by older members here will get you started.
Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

Option #3:
For those with 3 to 5 years of trading experience trading with indicators, this option may be better.

Click and read One, Two and Three

TMS being the 5-Method is a technical trading methodology therefore you need to add your own Money Management and make it your own system. Your trading psychology is another subject matter not talked about much.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,578
  • Mar 10, 2019 7:50pm Mar 10, 2019 7:50pm
Quoting emmanuel7788
Follow Price Action Here is an example of a price action setup for advanced TMS traders who believe Price Action is king. There is the well known 123 and there is the Ross hook. {image}

why is m15 a good setup?
because h4 has a pullback setup too?


and what happened to the pfd? its gone.........
  • #94,579
  • Mar 11, 2019 12:45am Mar 11, 2019 12:45am
Quoting kain775
{quote} why is m15 a good setup? because h4 has a pullback setup too? and what happened to the pfd? its gone.........

look for the first retracement of the H4 setup and pick an entry.
usually a shallow retracement to about 30% is good.
most fibo traders look for retracement to 23% and 38% levels.
others prefer a 50% rectracement to place an entry.

the last H4 closed with HH and HL, this is a good sign.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 11 M15 H4 0906 11-03-2019 09-06-03.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,580
  • Mar 11, 2019 12:56am Mar 11, 2019 12:56am
DE30 Mar 11 Tokyo 5H

A nice BUEB/BUOB H4 setup.
Let's wait and see how deep the retracement would be in the next 3 hours and if we have a M15 setup for buy entry.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Mar 11 M15 H4 setup Tokyo session 11-03-2019 13-47-44.png Size: 91 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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