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Trading Made Simple

  • #103,641
  • May 7, 2020 1:28am May 7, 2020 1:28am
Quoting emmanuel7788
TMS Monitor May 07 H4 10PM USDJPY TDI is flat AUDNZD looks good! ... worth a look. {image}

two of my H4 10PM candle trades.
there are times when we wait for the 'perfect' setup conditions but they don't happen, so I make discretionary decision to take the trades as I see them.

EURAUD May 07 H4 10PM

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AUDNZD May 07 H4 10PM

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,642
  • May 7, 2020 1:28am May 7, 2020 1:28am
Quoting chandana47
{quote} Thank you so much Mr. Emmanuel!

try them and see if they help you in your trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,643
  • May 7, 2020 1:37am May 7, 2020 1:37am
hi - I have established and began my own thread
https://www.forexfactory.com/showthr...2#post12924192
  • #103,644
  • May 7, 2020 4:07am May 7, 2020 4:07am
Quoting emmanuel7788
TMS Monitor May 07 H4 10PM USDJPY TDI is flat AUDNZD looks good! ... worth a look. {image}

TMS Monitor May 07 2AM

Many new setup conditions at H4 2AM.

also good for my EURAUD and AUDNZD trade running in profits now.

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Click to Enlarge Name: AUDNZD May 07 H4 10PM trade update 7-5-2020 5-06-28 pm.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,645
  • May 7, 2020 6:29am May 7, 2020 6:29am
Quoting emmanuel7788
{quote} I am afraid reading at midnight is not going to effective in learning to trade. You need to be studying 3 to 5 hours daily for 2 to 3 years to reach the level I am at trading today. The secret is in doing Deep Practice and not just practice, practice, practice. Tiger Woods did perfect his swings through Deep Practice.
Agreed.
People say “practice makes perfect.” I’ve never bought into that idea. Someone once told me “perfect practice makes perfect.”
  • #103,646
  • May 7, 2020 6:48am May 7, 2020 6:48am
Quoting emmanuel7788
TMS Monitor May 07 H4 10PM USDJPY TDI is flat AUDNZD looks good! ... worth a look. {image}
A hell lot of other pairs are "flat" as well.

I am still trying to focus on just one currency pair, but it seems like its impossible to make money here with just one strategy like this one. Focus my look mainly on EU/GU for the last 2 weeks switching from M5 up to H1 to find possible VALID trade entries has been a pain.

I mostly end up taking trades which are not in any way according to the TMS rules, and i am out positive in most instances but like said... Its a pain.

If you move down lower to M5/M1 there would have been some more setups for sure but here you have to somehow filter out like a 9 out of 10 setups where price would have moved directly against you, hit your tight sl or wouldn´t be in balance with any reasonable RR.

Good find with AUD/NZD. Here you can at least see a clear up trending price with clean swings one following the other. But didn´t even had this pair on my watchlist.

Like said a few times already it looks almost impossible following only this one strategy where the setups probability is only given in strong trending markets, but if you only want to trade one market and this one just keeps fluctuating in a random fashion for days and weeks... Well...

A scalper here following TMS on EU or GU probably had like 90 losers out of 100 setups where 10 winners not even compensated the risk taken by 5 pips.
  • #103,647
  • May 7, 2020 6:51am May 7, 2020 6:51am
Quoting emmanuel7788
{quote} TMS Monitor May 07 2AM Many new setup conditions at H4 2AM. also good for my EURAUD and AUDNZD trade running in profits now. {image} {image} {image}

TMS_V19 took 2 H4 trade entries based on TMS basic rules.

AUDUSD May 07 H4 2AM

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AUDJPY May 07 H4 2AM

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,648
  • May 7, 2020 6:55am May 7, 2020 6:55am
Quoting emmanuel7788
{quote} TMS Monitor May 07 2AM Many new setup conditions at H4 2AM. also good for my EURAUD and AUDNZD trade running in profits now. {image} {image} {image}

EURAUD May 07 H4 trade management update:

move SL to lock-in some profit and wait for 6AM candle.

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AUDNZD May 07 H4 trade closed

not moving so I closed this one.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,649
  • May 7, 2020 7:54am May 7, 2020 7:54am
possible buys
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  • #103,650
  • May 7, 2020 7:57am May 7, 2020 7:57am
Quoting castlebrook
{quote} Agreed. People say “practice makes perfect.” I’ve never bought into that idea. Someone once told me “perfect practice makes perfect.”
I do not agree. Not everyone learns the same way. Just because burning the midnight oil is not effective for one person does not mean it is not effective for another. Likewise for methods of practice.

What you, and many other posters, should do is preface your comments with something like, "For me, ..."
To free Gazans of Hamas, use whatever it takes.
  • #103,651
  • May 7, 2020 8:13am May 7, 2020 8:13am
Quoting DrDave
{quote} I do not agree. Not everyone learns the same way. Just because burning the midnight oil is not effective for one person does not mean it is not effective for another. Likewise for methods of practice. What you, and many other posters, should do is preface your comments with something like, "For me, ..."
Correct. Everyone learns in their own way, at their own speed. There is no 'right' or 'wrong' way to learn.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #103,652
  • May 7, 2020 8:38am May 7, 2020 8:38am
Quoting emmanuel7788
{quote} EURAUD May 07 H4 trade management update: move SL to lock-in some profit and wait for 6AM candle. {image} AUDNZD May 07 H4 trade closed not moving so I closed this one. {image}
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  • #103,653
  • May 7, 2020 8:39am May 7, 2020 8:39am
Quoting samobeast
possible buys {image} {image}
First chart > No trade.
- Against Resistance (where price is now)
- Long wicks both side of candles
- Against long term trend ( starting at 5 May down)
- Don't see a short term trend
Second chart > No trade. Basically the same reason.

Walk away from both pairs.
  • #103,654
  • May 7, 2020 5:57pm May 7, 2020 5:57pm
Quoting samobeast
possible buys {image} {image}
well, both your EU and GU looks like the basic 5-Method buy setups according to Post#261.

are you the 'bottom feeders' type trader? look at toDay' key level for support.... some TMS M15 traders use the iSMADR! and look for the 'bounce' .


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be the second mouse to get the cheese, use 'blending' by Big E and pick the best setups.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,655
  • May 7, 2020 6:11pm May 7, 2020 6:11pm
What has blending to do with Trading Made Simple?

The OP Big E on 'blending' ...


#148
https://www.forexfactory.com/showthr...23#post3320923

#149
https://www.forexfactory.com/showthr...49#post3320949

#169
https://www.forexfactory.com/showthr...62#post3324862
*** note the MACD in this pots#169...

#202
https://www.forexfactory.com/showthr...06#post3327406

#3403
https://www.forexfactory.com/showthr...86#post4393586

Follow the trading journey of the OP in Forex Factory and learn EVERYTHING from all his 1485 posts. When you put together all 1485 pieces of the big trading made simple puzzle, you get to see only a picture but not the whole picture.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,656
  • May 7, 2020 6:18pm May 7, 2020 6:18pm
My buy is still intact, let’s wait for tomorrow. Good N8.

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  • #103,657
  • Edited 10:00pm May 7, 2020 9:38pm | Edited 10:00pm
Quoting Tekkies
{quote} First chart > No trade. - Against Resistance (where price is now) - Long wicks both side of candles - Against long term trend ( starting at 5 May down) - Don't see a short term trend Second chart > No trade. Basically the same reason. Walk away from both pairs.
Glad to see some feedback from you not purely focusing on the TDI :-)

If you say „against the long term trend“ by giving the 5th May as the starting point, do i see it correct now that you look at the complete chart from left - right determining the 5th May to be the high following by a lower swing high on 6th not went lower on 7th May where price was sitting at time of the chart was posted and the signals after London open came in.

So if i get it right based on that information once having the trend direction „easily“ identified by just looking at the complete M15 chart (not counting single candles) you would by now only look out for possible TDI SELL signals for anything below M15.

Now look at where price is at that chart presenting you with M15 sell and buy signals, it would have been no difference going short or long you most likely got slaughtered by all these wicks up and down like you identified in hindsight now but now count all the SELL signals on that M15 Chart for EU 7th May? I see 4 short setups here at that incredible great TDI clock angle which didn’t last long, all of them would have been stopped out by the next 1-2 bull candle.

So 4 possible short signals (with the trend) where you would have slaughtered vs that buy signal against the pre dominating down trend you say

EUR/USD as by now

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So what would have been your other filters/criteria to leave out all these losing setups for M15 where all the wicks just formed the range but that’s not what you can forecast, you would have gone short here right into the slaughterhouse following these TDI short signals?
  • #103,658
  • May 7, 2020 10:18pm May 7, 2020 10:18pm
TMS_V19 Trend 2/8 H4 CONTINUATION trades May 08

it is about Entries and Exits - Entry, ExitStopLoss ... initial risk 1R and ExitTakeProfit.... >2R,
then you trade management... when do you move your initialSL to BE+.

EURAUD May 08 H4

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EURCAD May 08 H4

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EURNZD May 08 H4

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,659
  • May 8, 2020 1:45am May 8, 2020 1:45am
TMS Monitor May 08 H4 10PM

not a lot happening since this morning Sydney/Tokyo sessions open.

anyway we have bank holidays in France and the UK.

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AUDJPY May 08 D1 with M5 entry

we shall see if it can test last month's April high for 'top feeders' traders and turn around later

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Click to Enlarge Name: AUDJPY May 08 D1 w M5 trade entry 8-5-2020 2-38-16 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,660
  • May 8, 2020 7:20pm May 8, 2020 7:20pm
Quoting emmanuel7788
TMS Monitor May 08 H4 10PM not a lot happening since this morning Sydney/Tokyo sessions open. anyway we have bank holidays in France and the UK. {image} AUDJPY May 08 D1 with M5 entry we shall see if it can test last month's April high for 'top feeders' traders and turn around later {image}

AUDJPY 'missed' its ADR yesterday so no trade opportunities for the 'top feeders' type of traders.

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Next Week 20 May 11 to 15.... Planning.

looking at TMS_V19 Trend 2/8 D1, decision is easy and pay attention to those red 'resistance' zones seen to the left.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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