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Monitor for 'Trading Made Simple' system 565 replies

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

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #117,921
  • Apr 7, 2021 12:29am Apr 7, 2021 12:29am
Quoting Inthebox
{quote} because of yesterday's candle, i think will go down. this is not from scalping point of view. so far not able to close above asia high, then new york high.
Thanks for sharing your thought. I am waiting for GU to get out of the range and pick up volatility to form setups. Up 1.385 and down 1.381 have alerts set up, which hopefully will be retests. I hope it will go up as then it has higher chance to form setups I am more confident in identifying and trading.
  • #117,922
  • Apr 7, 2021 12:39am Apr 7, 2021 12:39am
Quoting tommydoginti
{quote} Thanks for sharing your thought. I am waiting for GU to get out of the range and pick up volatility to form setups. Up 1.385 and down 1.381 have alerts set up, which hopefully will be retests. I hope it will go up as then it has higher chance to form setups I am more confident in identifying and trading.
if you are scalping for around 15 pips, try selling small lot from today's (asia) low to yesterday's low or rn 1.38.
ITB - Seeing Orderliness amongst 'Randomness'
  • #117,923
  • Apr 7, 2021 1:23am Apr 7, 2021 1:23am
gu
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #117,924
  • Apr 7, 2021 1:41am Apr 7, 2021 1:41am
Quoting Inthebox
gbpaud. waiting for pullback sell setup. {image}
ga result.
reversed around fib 23.6.
Attached Image (click to enlarge)
Click to Enlarge Name: 2b2f2962ac9ed1e1df05fc8d0bc03ed0.png Size: 14 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #117,925
  • Apr 7, 2021 1:52am Apr 7, 2021 1:52am
April 07

- European PMI data during London session

- FOMC during US market session
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,926
  • Apr 7, 2021 1:54am Apr 7, 2021 1:54am
Quoting emmanuel7788
EURUSD Apr06 London 8:57am - I see a setup... one of my favourite FIVE but do you wait 3 mins or 1hr3mins? {image}

EURUSD Apr06 trades closed

- follow simple rules for entries and exits

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Apr06 H1 closed trades 7-4-2021 7-36-10 am.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,927
  • Apr 7, 2021 1:56am Apr 7, 2021 1:56am
Quoting emmanuel7788
{quote} USDJPY Apr06 H4 - very interesting changed in conditions ... Weekly Trend 2/8 vs. Others all RED - wait 7 minutes! {image}

USDJPY Apr06 trades closed

- H4 consolidation I trade H1 entries and exits

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Apr06 closed trades 7-4-2021 7-37-44 am.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,928
  • Apr 7, 2021 2:00am Apr 7, 2021 2:00am
Quoting emmanuel7788
TMS Monitor Apr06 H4 - a few good ones to pick but only when you have done your trade plan - this is the last H4 before London session closes .... - after London Closed, no more H4 trade ... {image}
Apr06 - Other trades closed

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Apr06 H1 closed trades 7-4-2021 7-35-16 am.png Size: 31 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Apr06 H1 closed trades 7-4-2021 7-37-03 am.png Size: 44 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Apr06 H1 closed trades 7-4-2021 7-38-14 am.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,929
  • Apr 7, 2021 2:04am Apr 7, 2021 2:04am
Quoting emmanuel7788
{quote} Trade Report Apr05 - closed trades It was a good start to my 20-trading days cycle. Hit my daily average $1,000 per day. This month is the start of the new 3-years (36 Months Cycle). Must work hard and maintain CONSISTENCY every 20-trading days. {image}

Trade Report Apr 06

- another good day hitting my daily average $1,000 per day.

- today is a new day ... with PMI and FOMC, must be careful picking trade setups.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade report Closed trades Apr06 7-4-2021 7-33-58 am.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,930
  • Apr 7, 2021 2:10am Apr 7, 2021 2:10am
Day trading is very tough. But when we make the transition to trade the 4hr during the London market session like the Op said, we will find good trades when we trade H1 but follow the H4 price action and keep to simple rules for entries and exits.

EURAUD Apr07 H4 at London Open 8:00AM


Attached Image (click to enlarge)
Click to Enlarge Name: EURUAD Apr07 H4 V19 LO 7-4-2021 3-07-32 pm.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,931
  • Apr 7, 2021 2:14am Apr 7, 2021 2:14am
Example to stay away when I see such chart price action

GBPCAD Apr07 H4 at London Open 8am

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Apr07 H4 V19 stay away 7-4-2021 3-11-16 pm.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,932
  • Apr 7, 2021 2:19am Apr 7, 2021 2:19am
Quoting Inthebox
gbpaud. waiting for pullback sell setup. {image}
if you are thirsty, come to the river bank.
ITB - Seeing Orderliness amongst 'Randomness'
  • #117,933
  • Apr 7, 2021 2:20am Apr 7, 2021 2:20am
AUDUSD Apr07 H4

at London Open 8am

- when you see price what looks like a rising channel with higher high and higher low,

would you short?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Apr07 H4 V19 rising channel 7-4-2021 3-17-58 pm.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,934
  • Apr 7, 2021 2:25am Apr 7, 2021 2:25am
Quoting Inthebox
{quote} ga result. reversed around fib 23.6. {image}
I am very happy to see all recent trades are intrastate trades and were all successfully demonstrating how TMS works.

a solid proof that BigE’s claim was correct, that TMS can be used to trade profitably at any time frames and time of day. No necessary transition to H4 or daily. Truth defies any wrong information.
  • #117,935
  • Apr 7, 2021 2:37am Apr 7, 2021 2:37am
Quoting tommydoginti
{quote} I am very happy to see all recent trades are intrastate trades and were all successfully demonstrating how TMS works. a solid proof that BigE’s claim was correct, that TMS can be used to trade profitably at any time frames and time of day. No necessary transition to H4 or daily. Truth defies any wrong information.
it's relative. trader's expectation of profit plays important role.
intra day each move for gbp pairs can generally be around 30 pips or so.
the other important point is trying to pick the correct key levels.
ITB - Seeing Orderliness amongst 'Randomness'
  • #117,936
  • Apr 7, 2021 3:12am Apr 7, 2021 3:12am
Quoting emmanuel7788
{quote} Hi ErenShaun TMS Monitor is a tool developed by other member arbinka. You will find the link for the download and thread. https://www.forexfactory.com/thread/...8#post13433678 Learn how to use it and it will save you a lot of time looking for potential trade setups and get the alerts.
Thank you sir!
Can you please see what's wrong with this? I followed the instructions but this is what I get, and I even removed some pairs (only 3 pairs remain) but still same display...
Could it be because of my laptop or maybe internet speed/connection?
Thank you.
  • #117,937
  • Apr 7, 2021 3:14am Apr 7, 2021 3:14am
Apr07 London 9AM

-TMS Monitor H4 at London 9am

in less than 60 mins the Tokyo session will close and a new H4 candle period

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Apr07 H4 London 9am 7-4-2021 4-10-20 pm.png Size: 36 KB



TMS Monitor H1 at London 9am

- when the H4 closes,
- you will know if there is any H4 reversal trade or H4 continuation trade
- pick only the best setups and trade

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Apr07 H1 LDN 9am 7-4-2021 4-10-56 pm.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,938
  • Apr 7, 2021 3:16am Apr 7, 2021 3:16am
Quoting Inthebox
gu {image}
maybe another sell.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #117,939
  • Apr 7, 2021 3:50am Apr 7, 2021 3:50am
Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...

With bounce trades the odds are lower for your success... but it still works.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles...
Post#647 Big Candle / Small Candle?

- Is this GU H1 considered a Piercing Candle for TMS 5-Method traders?

- I say NO. I have simple rules for setup candles.

- What do you say?



Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr07 H1 piercing bar-candle 7-4-2021 4-44-50 pm.png Size: 52 KB


What Is The Piercing Candlestick Pattern & How To Trade With It | Honest Forex Reviews (theforexgeek.com)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,940
  • Apr 7, 2021 3:51am Apr 7, 2021 3:51am
https://www.forexfactory.com/thread/...1#post13484651

check it out for daily analysis for XAUUSD and GBPUSD.
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