Trading Made Simple

Quoting holyGrill

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{quote} Thank you appreciate it. (thinking will get to MEME once have got down just making +ve expectancy on single orders, probably wrong to do so but want to keep it simple for now, can see the power in MEME though). Just took (small, 0.01 lots on Cent account) LONG on GU (TDI confirmed on both H4 + H1), but thinking not a great (A+) entry as the bars to the left are small especially on the H1 (I'm basing my trading on the H4 though, do bar sizes need to be checked for smaller TFs too?) Thoughts on entry quality? {image} Btw the GU daily, huge...

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Quoting alihelmy123

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usd jpy hour chart no more than idea tdi slope good return from montly resistance {image}

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Quoting Alihelmy123

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{quote} usd jpy +60 pips{image}

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Quoting holyGrill

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{quote} Nice trade, looks like textbook reversal on the monthly resistance. I've just gone short on EU, based on TDI cross (other TFs looked OK - M30 particularly- must admit didn't check S+R) So far so good, SL moved to BE + 28points (which for my Cent account = 28 pips). TP at roughly 1R. {image}

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Quoting Alihelmy123

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{quote} Every week there are 3 or 4 trades according to tms exit and entry near weekly or monthly support and resistance I prefer to take this trades because i want to put my stop behind them like today price go above monthly resistance for usdjpy and them came back under it retest it and drop down my stop was above monthly resistance with few pips i took this trades when tdi slope good

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Quoting Alihelmy123

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{quote} Every week there are 3 or 4 trades according to tms exit and entry near weekly or monthly support and resistance I prefer to take this trades because i want to put my stop behind them like today price go above monthly resistance for usdjpy and them came back under it retest it and drop down my stop was above monthly resistance with few pips i took this trades when tdi slope good

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Quoting emmanuel7788

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Today and Tomorrow RED news London time: {image} > FED rate is top event to make money *** next is > SNB , do you remember that last time so be prepared for it > EurUsd and EurChf will be hit 'hard' *** check all your Weekly charts for volatility and direction for all pairs

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Quoting emmanuel7788

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{quote} ETHUSD Week22 Monday May30 - it has gone lower since the last post - this week and into the next month it looks like it will continue going lower > I see last week' Low 1700.37 to be tested any day now > would not surprise me when a Daily candle closes below MN 1314 before the next market decision {image}

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Quoting emmanuel7788

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{quote} BTCUSD Week22 Monday May30 - we have seen many choppy days the last 15 days and the direction is still down - 28908.52 is now key level holding for a break lower , - watch the Daily candle close across this 28908.52 it will most probably be a full-body candle Close. > 25253.87 the WCC Low will be tested > unless there is strong Dollar demand this week and into the coming weeks, we will see the slide in cryptos {image} ...

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Quoting tommydoginti

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{quote} Well said. It is simple to trade BigE’s TMS when taking consideration of the PA, such as previous Highs and Lows. Those levels are good place to look for TDI crosses to execute TMS trades. Your approach to put Stoploss aligns with BigE’s TMS, which initial SL is put at previous H /L. I am sure you understand the high profit probability of these entries when simply following BigE’s #647 and TDI. well done and trade well!

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Quoting emmanuel7788

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{quote} "Every week there are 3 or 4 trades according to tms exit and entry near weekly or monthly support and resistance" That's exactly the reason Big E said : #281: Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts. Study old charts and see often the Daily candles closes above and below those monthly 'support & resistance'. Key is how do you identify those Monthly support and resistance levels or zones....

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Quoting Alihelmy123

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USDJPY MONTLY RESISTANCE {image} USDJPY DAILY RED ENGULFING BAR FROM RESISTANCE{image}DETERMINE ENTRY AND EXIT HERE NO MORE THAN IDEA{image}

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Quoting emmanuel7788

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when Trading Made Simple, you know that your are still within the 4hr trade window of Big E 10PM to 2AM Pacific time zone. It is now approaching London 8am and also the Sydney close and the Asian & Tokyo sessions closing hours. If you trade blindly following the TDI' green line cross line and green line bounce off red line during this trade window of 4 hours, you will be slaughtered very often by during these fakey hour. Example EU H4 at London 8am {image}

Attached Image (click to enlarge)

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Quoting holyGrill

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{quote} Quite a late entry @havenoidea? Can I ask why you didn't short at your vertical green line? (which was, if I understand the TMS guidelines correctly, the right place to enter - bar after the TDI cross?)

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Quoting emmanuel7788

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{quote} S&P500 Jun 14 trades closed - KEEP IT SIMPLE : Follow the Daily chart Price Action and the established Trend/Swing - know the volatility ADR of the pair you trade and - use SMART Money Management with Low Risk Trading Ideas - keeping up with my daily average $1000 per day {image} {image}

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