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Trading Made Simple

  • #96,781
  • Jun 21, 2019 12:08am Jun 21, 2019 12:08am
GBPJPY Jun 21 review of H1 Price Action + Stoch(8,3,3) and TDI Post#25

there were two setups conditions

1) setup was inside the CONSOLIDATION zone

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_M60_2019.06.21 04_00.png Size: 51 KB


2) setup was a breakout of the same CONSOLIDATION zone

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_M60_2019.06.21 06_00.png Size: 51 KB


setup 1) can easily be ruled-out based on Post#647 ... Do No trade when in consolidation.

setup 2) can be considered good as there was a breakout of the consolidation zone plus the previous D1 candle close was bearish. Post#96,780 above.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Jun 21 BPP 21-06-2019 08-14-23.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,782
  • Jun 21, 2019 2:10am Jun 21, 2019 2:10am
GBPJPY Jun 21 H1 Double Bars Low Higher Close DBLHC ... Frankfurt Open candle

What I see is a valid price action setup DBLHC with both Stoch and TDI signals.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_M60_2019.06.21 10_00 DBLHC.png Size: 50 KB


sometimes the market set you up.... when you are just looking for setups..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,783
  • Jun 21, 2019 2:17am Jun 21, 2019 2:17am
If you don't like the angle of the Green line on your monitor aspect ratio , you can cheat by ...

doing this ... right-sizing...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY TDI angle cheat 21-06-2019 15-13-39.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,784
  • Jun 21, 2019 3:12am Jun 21, 2019 3:12am
GBPJPY Jun 21 LO candle tweak TDI green from 2pm to 1pm clock angle ....


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Jun 21 H1 LO TDI tweak 2 to 1 21-06-2019 16-07-10.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,785
  • Edited 5:00am Jun 21, 2019 4:44am | Edited 5:00am
Hi all,
GBPUSD with my A+++ sell setup
- selling GC, GJ too
Edit: I only picked AU and GU because both pairs created a new Lower Low and H4 with no Higher High. So I'm more confidence that in aU and GU, long term down trend is still hold momentum.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 139 KB
Click to Enlarge Name: Screenshot2.png Size: 22 KB
  • #96,786
  • Jun 21, 2019 5:37am Jun 21, 2019 5:37am
Quoting hikaru259
Hi all, GBPUSD with my A+++ sell setup - selling GC, GJ too Edit: I only picked AU and GU because both pairs created a new Lower Low and H4 with no Higher High. So I'm more confidence that in aU and GU, long term down trend is still hold momentum. {image} {image}
well done! you have a consistent approach to trading made simple ...

I am in the same cruise ship with GBP pairs ...

I will be closing this week and also my 20-trading days cycle with my 10% target achieved before London session closing and
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,787
  • Jun 21, 2019 7:01am Jun 21, 2019 7:01am
Quoting emmanuel7788
{quote} well done! you have a consistent approach to trading made simple ... I am in the same cruise ship with GBP pairs ... I will be closing this week and also my 20-trading days cycle with my 10% target achieved before London session closing and
Hi Emmanuel
Nice too see we shared same views .
I have done my setup for TMS-MEME II, an upgraded version. But I still get stuck with settings of jumping stoploss and basket breakeven of MPTM. I sent message to your inbox. Can you help me to fix my problem.
Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB
  • #96,788
  • Jun 21, 2019 9:17am Jun 21, 2019 9:17am
Quoting hikaru259
Hi all, GBPUSD with my A+++ sell setup - selling GC, GJ too Edit: I only picked AU and GU because both pairs created a new Lower Low and H4 with no Higher High. So I'm more confidence that in aU and GU, long term down trend is still hold momentum. {image} {image}
Hi hikaru, I like your Eco News Calendar. Can you tell me where you found it? Can't seem to find it here at FF. Good luck with your short trades. Pippo
Vincit qui se vincit.
  • #96,789
  • Jun 21, 2019 9:31am Jun 21, 2019 9:31am
Quoting Pippopotamus
{quote} Hi hikaru, I like your Eco News Calendar. Can you tell me where you found it? Can't seem to find it here at FF. Good luck with your short trades. Pippo
Hi Pippopotamus,
Here it is. It is included in PVSRA package of Tradehome thread.
Attached File(s)
File Type: ex4 3) PVSRA v3 News Panel Prelim 05-13-2019 (Black).ex4   93 KB | 256 downloads
File Type: ex4 3) PVSRA v3 News Panel Prelim 05-13-2019 (White).ex4   93 KB | 280 downloads
  • #96,790
  • Jun 21, 2019 9:33am Jun 21, 2019 9:33am
Quoting hikaru259
{quote} Hi Pippopotamus, Here it is. It is included in PVSRA package of Tradehome thread. {file} {file}
Thanks!!
Vincit qui se vincit.
  • #96,791
  • Jun 21, 2019 10:11am Jun 21, 2019 10:11am
Quoting hikaru259
{quote} Hi Emmanuel Nice too see we shared same views . I have done my setup for TMS-MEME II, an upgraded version. But I still get stuck with settings of jumping stoploss and basket breakeven of MPTM. I sent message to your inbox. Can you help me to fix my problem. Thank you {image}
This topic is not about Emmanuel’s MEME ...
  • #96,792
  • Jun 21, 2019 10:49am Jun 21, 2019 10:49am
Eur/Usd price has stalled at H4 resistance. TDI may soon produce a Neg. cross. Watching for break below 1.1300. Some turbulence around 1.1290(broken line, but, after all, during Asian session). Generally will not enter H1, and below trades after London has closed.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 64 KB
Vincit qui se vincit.
  • #96,793
  • Jun 21, 2019 1:41pm Jun 21, 2019 1:41pm
Quoting hikaru259
{quote} Hi Emmanuel Nice too see we shared same views . I have done my setup for TMS-MEME II, an upgraded version. But I still get stuck with settings of jumping stoploss and basket breakeven of MPTM. I sent message to your inbox. Can you help me to fix my problem. Thank you {image}

Hi Hikaru

Now that London market session is closed I will have time to look into your questions on SteveHopwood' MPTM trade manager.
Not sure if you have downloaded the latest version from SHF or the other basket trade manager.

I don't use Jumping Stops as it is too complicated with multiple entries positions in one basket of 5 positions. I have the Average Entry Price line for all open positions (one basket) and manage the basket using the average entry price.

Will look at your 'problem' more into details and suggest a possible solution.

BTW, lots of trading opportunities ahead when trading the Weekly and Daily chart timeframes in the coming weeks and months till mid-November. In July, the half-year corporate results of the big ones will be know and also the half-year GDP of the major economies will also begin to show in the markets. Keep our ears open on major economics events and geopolitical happenings.

Trade Well and make money!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,794
  • Jun 21, 2019 1:47pm Jun 21, 2019 1:47pm
Quoting Pippopotamus
Eur/Usd price has stalled at H4 resistance. TDI may soon produce a Neg. cross. Watching for break below 1.1300. Some turbulence around 1.1290(broken line, but, after all, during Asian session). Generally will not enter H1, and below trades after London has closed. {image}
yup! not a good idea to trade after London closed and it is also Friday NY market liquidity is thin.

longer term ... between 1.1400 and 1.1450 is also May month swing high.

but it won't go in a straight line so I am prepared for some choppy correction days and weeks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,795
  • Jun 21, 2019 2:00pm Jun 21, 2019 2:00pm
Quoting lddd
{quote} This topic is not about Emmanuel’s MEME ...

Hi lddd

Actually we are trading TMS Daily and Weekly chart timeframes following Big E examples links below.

Hikaru's question is on using SteveHopwood' Multi-Purpose Trade Manager aka MPTM to manage multi-entries positions.

BTW, Big E did use multiple entries when he trade. We learned that in his old thread. These posts examples,
Post#2622 , Post#2629 , Post#2771 and Post#2912
It is low risk ideas to trade TMS using multiple entries of smaller positions rather than risking all 15% to 30% in one single trade entry.
Try that, it produces good results and lower stress.

Weekly trade examples
#700
https://www.forexfactory.com/showthr...00#post4582200
#1967
https://www.forexfactory.com/showthr...07#post4605507

Daily trade charts examples
#357
https://www.forexfactory.com/showthr...50#post4577150
#283
https://www.forexfactory.com/showthr...96#post4576096
#4171
https://www.forexfactory.com/showthr...11#post4527311
#3850
https://www.forexfactory.com/showthr...23#post4441523
#3679
https://www.forexfactory.com/showthr...85#post4420885
#3573
https://www.forexfactory.com/showthr...29#post4412229
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,796
  • Jun 21, 2019 2:21pm Jun 21, 2019 2:21pm
Quoting lddd
{quote} Following the weekly for trading M15? So if the last weekly candle is bearish this would keep me away placing any buy order on M15. I am not interested in making large amounts of pips per trade Emmanuel. I am also not interested in multiple entry exit trading. I guess that’s a bit „over“ if all i am looking for is a 25-50 pips in the bank by the end of each trading week (ideally).

Hi lddd

if you are looking for
---
i am looking for is a 25-50 pips in the bank by the end of each trading week (ideally)
----

I think these two other TMS threads may be of considerations.

https://www.forexfactory.com/showthread.php?t=327972

https://www.forexfactory.com/showthread.php?t=345586

LE1' M15 London session trading will fit your schedule and also he trade PA with TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,797
  • Jun 21, 2019 2:32pm Jun 21, 2019 2:32pm
Quoting emmanuel7788
{quote} yup! not a good idea to trade after London closed and it is also Friday NY market liquidity is thin. longer term ... between 1.1400 and 1.1450 is also May month swing high. but it won't go in a straight line so I am prepared for some choppy correction days and weeks.
Yes, and this chart shows why we wait for a confluence of distinct signals....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 61 KB
Vincit qui se vincit.
  • #96,798
  • Jun 21, 2019 2:42pm Jun 21, 2019 2:42pm
Quoting Pippopotamus
{quote} Yes, and this chart shows why we wait for a confluence of distinct signals.... {image}
EURUSD Daily Jun 21

and today has been a good day for people trading Trading Made Simple(r) thread without the TDI.

I also screen my H4 and D1 charts using RobinHood' template for TMSr signals. Good mechanical system.

Today a good +80pips on D1.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1 TMSer 22-06-2019 03-36-35.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,799
  • Jun 21, 2019 2:54pm Jun 21, 2019 2:54pm
EURUSD 1.1400 and 1.1450 target zone

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 25 target 22-06-2019 03-50-55.png Size: 58 KB


buy the dips in lower timeframes
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,800
  • Jun 21, 2019 6:53pm Jun 21, 2019 6:53pm
Quoting lddd
{quote} This topic is not about Emmanuel’s MEME ...

Correct! There is no "TMS MEME" .... There is only Emmanuel7788 MEME....which is an excuse for a trader who still cannot pinpoint a proper sensible entry.....which, after "30 long years" you'd think he'd be able to do!
Doing what you like is Freedom. Liking what you do is Happiness.
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