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Trading Made Simple

  • #96,901
  • Jun 26, 2019 8:41pm Jun 26, 2019 8:41pm
Hi guys,

Not sure if anyone will remember me in here, however it is nice to see this thread still going

and Emmanuel still active helping everyone out as usual (not sure if you remember but you helped me quite a bit)

been MIA for about 4 years trading my own way, fulltime now.

Thought I would pop my head back in to see how TMS rules have held up over the years, or if they have been evolved.
  • #96,902
  • Jun 26, 2019 11:09pm Jun 26, 2019 11:09pm
short au @ 0.6992
Attached Image (click to enlarge)
Click to Enlarge Name: au.png Size: 57 KB
Focus on the process, outcome will come by itself!!!
  • #96,903
  • Jun 26, 2019 11:27pm Jun 26, 2019 11:27pm
Quoting behumble1314
$ index picture...I think it will go to test its previous low. if it holds, it will rally back to next resistance level {image}
It bounces as expected. let's see how it reacts to its resistance level.
Attached Image (click to enlarge)
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Focus on the process, outcome will come by itself!!!
  • #96,904
  • Jun 26, 2019 11:43pm Jun 26, 2019 11:43pm
S&P bounce back from its support level, let's see if it is dead cat bounce.
Trade what you see in the chart, not what you feel...
Attached Image (click to enlarge)
Click to Enlarge Name: spx.png Size: 103 KB
Focus on the process, outcome will come by itself!!!
  • #96,905
  • Jun 27, 2019 12:24am Jun 27, 2019 12:24am
Quoting behumble1314
UJ has nice bounce from bottom of wick...we should see some correction from here. {image}
Are you using TDI in you method to trade?
If not, why are you posting in this thread.
  • #96,906
  • Jun 27, 2019 1:10am Jun 27, 2019 1:10am
Quoting eelfranz
For those not having a MT4 Platform : In place of the TDI -> use the CCI set to 6 and for the level enter a 0.0 line. When the line crosses the 0.0 line you normally have a set up. This info was PM'ed to me ...
I can read and the OP did not object to the use of CCI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,907
  • Jun 27, 2019 1:21am Jun 27, 2019 1:21am
May 15, 2011

Quoting eelfranz
Alright all you party animals trying to recover from last night... or longer... Last couple of pages has covered many different topics... well, touched base anyway.... 2scoops... on post 2594... 2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2...
when you have good experience trading with price action and have a consistent approach to Post#647, then ...

. now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

otherwise, take another good piece of advice by the OP, Post#296
...
Just because you can bring an indicator up on your chart doesn't mean you know how to use it correctly.

Learning to trade is a lifetime process. Develop a trading system that fits you and practice, practice, practice. When your confident... go live.

Learn to tweek your strategy to stay up with changing market conditions.

...

have a good trading day, 2 more days to make some money before the month ends.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,908
  • Jun 27, 2019 1:22am Jun 27, 2019 1:22am
Quoting behumble1314
S&P bounce back from its support level, let's see if it is dead cat bounce. Trade what you see in the chart, not what you feel... {image}

when a 'bounce hits a ceiling' ... ouch! small headache and it falls back down.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,909
  • Jun 27, 2019 2:46am Jun 27, 2019 2:46am
Quoting behumble1314
short au @ 0.6992 {image}

I thought you said you were going to wait for confirmation? What confirmation did you have?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,910
  • Jun 27, 2019 5:42am Jun 27, 2019 5:42am
Nearly there
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Click to Enlarge Name: gbpcadBuyM5.jpg Size: 333 KB
Price is the leader of the market crowd!
  • #96,911
  • Jun 27, 2019 6:39am Jun 27, 2019 6:39am
Quoting realjumper
{quote} I thought you said you were going to wait for confirmation? What confirmation did you have?
4HR has indecision candle formed.
Attached Image (click to enlarge)
Click to Enlarge Name: au.png Size: 56 KB
Focus on the process, outcome will come by itself!!!
  • #96,912
  • Jun 27, 2019 6:45am Jun 27, 2019 6:45am
Quoting Tekkies
{quote} Are you using TDI in you method to trade? If not, why are you posting in this thread.
I guess I'm not welcome on this thread. This thread inspired me originally which make me dig into more on trading.

Now I thought I could contribute back to this thread. I will start my own thread then...
Focus on the process, outcome will come by itself!!!
  • #96,913
  • Jun 27, 2019 6:59am Jun 27, 2019 6:59am
Quoting behumble1314
{quote} 4HR has indecision candle formed. {image}

Fair enough. Personally I require more than a single candle to signal reversal in a pretty strong bull run, but with that said, the BRN has held twice before, so you may be right. I have a pending Buy above the BRN, in case the bull run continues. Best of luck to you.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #96,914
  • Jun 27, 2019 7:06am Jun 27, 2019 7:06am
Quoting behumble1314
{quote} I guess I'm not welcome on this thread. This thread inspired me originally which make me dig into more on trading. Now I thought I could contribute back to this thread. I will start my own thread then...

You are not using MT4 platform so you can contribute here and show us if what the OP said about using the CCI is correct. Post 8189 below.

On your chart I see a simple CCI, if you change that CCI period to 6, it will also show the price momentum similar to the 2-period moving average of the RSI(13) data.
I tested this for months on other platforms and it is very accurate and can be used with the standard Stochastics (8,3,3).

Do you have the Heiken Ashi candles in your platform? Use that on you charts to see the PA as the OP often did.
Also include a 5EMA, Typical Price, Shift+3.
These would comply with Post 261.


Quoting eelfranz
For those not having a MT4 Platform : In place of the TDI -> use the CCI set to 6 and for the level enter a 0.0 line. When the line crosses the 0.0 line you normally have a set up. This info was PM'ed to me ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,915
  • Jun 27, 2019 7:15am Jun 27, 2019 7:15am
Quoting behumble1314
{quote} 4HR has indecision candle formed. {image}
Hindsight is 20:20 but when I look at the AUDUSD M5 TMS chart with the CCI(6), there is a valid PA Pin Bar at Resistance setup,

all nicely aligned with the CCI(6) , Stochastics(8,3,3) and the TDI.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD M5 POMO 27-06-2019 20-08-22.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,916
  • Jun 27, 2019 7:25am Jun 27, 2019 7:25am
Quoting emmanuel7788
{quote} Hindsight is 20:20 but when I look at the AUDUSD M5 TMS chart with the CCI(6), there is a valid PA Pin Bar at Resistance setup, all nicely aligned with the CCI(6) , Stochastics(8,3,3) and the TDI. {image}
I agree with you as long as 0.7020 hold we should be good. I don't trade on smaller tf.
I have SL at 0.7052.
Focus on the process, outcome will come by itself!!!
  • #96,917
  • Jun 27, 2019 7:28am Jun 27, 2019 7:28am
Quoting emmanuel7788
{quote} You are not using MT4 platform so you can contribute here and show us if what the OP said about using the CCI is correct. Post 8189 below. On your chart I see a simple CCI, if you change that CCI period to 6, it will also show the price momentum similar to the 2-period moving average of the RSI(13) data. I tested this for months on other platforms and it is very accurate and can be used with the standard Stochastics (8,3,3). Do you have the Heiken Ashi...
I trade purely based on PriceAction. CCI and Stoch which I used for my developing new strategy and eyeballing.
Focus on the process, outcome will come by itself!!!
  • #96,918
  • Jun 27, 2019 7:33am Jun 27, 2019 7:33am
Quoting behumble1314
{quote} I agree with you as long as 0.7020 hold we should be good. I don't trade on smaller tf. I have SL at 0.7052.

I am trading slightly longer term and I am looking at above 0.7000 to 0.7080 would be choppy way up.
So long at the D1 continues with bullish candle ... higher high, higher low plus higher Close, I remain in buy positions.

I only use the M5 Fozzy-RSI ( origin of the TDI) on my chart to trigger my orders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,919
  • Jun 27, 2019 8:12am Jun 27, 2019 8:12am
Quoting emmanuel7788
{quote} You are not using MT4 platform so you can contribute here and show us if what the OP said about using the CCI is correct. Post 8189 below. On your chart I see a simple CCI, if you change that CCI period to 6, it will also show the price momentum similar to the 2-period moving average of the RSI(13) data. I tested this for months on other platforms and it is very accurate and can be used with the standard Stochastics (8,3,3). Do you have the Heiken Ashi...
Quoting behumble1314
{quote} I guess I'm not welcome on this thread. This thread inspired me originally which make me dig into more on trading. Now I thought I could contribute back to this thread. I will start my own thread then...

Did I hurt your feelings?
If you did answer the question instead of trying to play on emotions the response would have been like below:
TradeingView does have a TDI indicator.
https://www.tradingview.com/script/Y...dewithjay-net/
  • #96,920
  • Jun 27, 2019 8:54am Jun 27, 2019 8:54am
Quoting Tekkies
{quote} {quote} Did I hurt your feelings? If you did answer the question instead of trying to play on emotions the response would have been like below: TradeingView does have a TDI indicator. https://www.tradingview.com/script/Y...dewithjay-net/
Lolzzz...I don't answer the your response emotional...heheee
Like I said this thread inspired me into trading. Now I like to contribute back to this thread.

I don't trade on indicators. Purely price action for my trading edge.

It's all good
Cheers.
Focus on the process, outcome will come by itself!!!
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