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Trading Made Simple

  • #16,121
  • Mar 13, 2013 4:56am Mar 13, 2013 4:56am
Quoting mierzyk
It is so easy for me to find reasosns to CT. So many obstacles going with the trend . What do you think of this one?


USDCHF H4

http://img228.imageshack.us/img228/5...h420130313.jpg

Bar will close in 50m (11:00 CET, 10:00 GMT)

- with the trend
- pullback candle
- bounce off daily fib
- price divergence
- fake breakdown (correct me if I'm wrong please)

Hope green will cross red steeply.


Thanks in advance!
M.
I am suspicious with this swissy... long and short price bars, look slike buls and bears having their fun drawing in sellers and buyers for no good reasons.
Tomorrow is SNB 'magic bullet.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,122
  • Mar 13, 2013 5:01am Mar 13, 2013 5:01am
Thankyou. Apparently these news were already discounted by the market. The corss or green is hardly visible. No entry.

Have a good trading day,
M.
Remember I'm a newbie!
  • #16,123
  • Mar 13, 2013 5:19am Mar 13, 2013 5:19am
Quoting emmanuel7788
I use the standard one that comes with MT4 or any trading platform. I just changed the colour and thickness of the lines to ease eyes fatigue.
Thanks I will carry on with Stoch 8,3,3 slope
  • #16,124
  • Mar 13, 2013 6:11am Mar 13, 2013 6:11am
GBPAUD 13 Mar H4 Trade

Took the entry when LO.
Exited one position +50pips , now BE remaining.
Attached Image (click to enlarge)
Click to Enlarge Name: GA week 11 13 Mar Trade LO 13-3-2013 7-05-43 PM.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,125
  • Mar 13, 2013 6:28am Mar 13, 2013 6:28am
Quoting emmanuel7788
GBPAUD 13 Mar update:
http://www.forexfactory.com/attachme...1&d=1363157719
Someone PM asked me what is that 'this is nice!" on my chart posted earlier

That is a Pop Gun after a Pin Bar. A good sign of increase demand and maybe that the downtrend has ended.
Attached Image (click to enlarge)
Click to Enlarge Name: GA week 11 13 Mar update for entry 13-3-2013 2-52-34 PM.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,126
  • Mar 13, 2013 6:34am Mar 13, 2013 6:34am
EURAUD and GBPAUD:

I posted these two ccy pairs with potential H4 setups earlier.
However these two went in opposite directions despite AUD weakening.
How do you pick which pair to trade? Anyone?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,127
  • Mar 13, 2013 7:02am Mar 13, 2013 7:02am
AU 13 Mar H4 NYO:

Looks decent with TDI cross and Stock confirm.
PA show a bearish engulfing candle and DBHLC.
Attached Image (click to enlarge)
Click to Enlarge Name: AU week 11 13 Mar NYO 13-3-2013 8-00-03 PM.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,128
  • Mar 13, 2013 7:07am Mar 13, 2013 7:07am
Quoting emmanuel7788
AU 13 Mar H4 NYO:

Looks decent with TDI cross and Stock confirm.
PA show a bearish engulfing candle and DBHLC.

I'm in this one we'll see but the tdi red line seems to be a bit flat....
  • #16,129
  • Mar 13, 2013 7:09am Mar 13, 2013 7:09am
Quoting micchhaal
I'm in this one we'll see but the tdi red line seems to be a bit flat....
good to look in H1 for the retracement.
it may go sideway for few 4-hour periods
tomorrow is key data release.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,130
  • Mar 13, 2013 7:10am Mar 13, 2013 7:10am
Emanuel

Are you using both systems a mean tms or s3 ? by x-men

because i dont know where should i start.I went through this system but also think if should i go through s3
  • #16,131
  • Mar 13, 2013 7:13am Mar 13, 2013 7:13am
Quoting micchhaal
Emanuel

Are you using both systems a mean tms or s3 ? by x-men

because i dont know where should i start.I went through this system but also think if should i go through s3
Are you a scapler, day trader or swing trader?

I started here at the source and I apply the same methodology for day trading and my short term swing trading. Works well so long as we understand Price Action and be consistent in applying that. Knowing support and reistance does not hurt us using TMS in its pure form.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,132
  • Mar 13, 2013 7:31am Mar 13, 2013 7:31am
I normally have one profile for each pair and check all of them every 4 hours. If I am awake.
I find it easier to have the pair separated in profiles rather them have 22 windows at the same time, it slows my computer a bit.
build a better future. ForexNation dot Org
  • #16,133
  • Mar 13, 2013 7:33am Mar 13, 2013 7:33am
AU week 11 13 Mar Trade NYO:

Here is my trade entry for AU.
Right at the Fib-r 50% retracement of the last H4 where the TDI crossed.

SL -50pips
TP2 +75pips
Attached Image (click to enlarge)
Click to Enlarge Name: AU week 11 13 Mar Trade NYO 13-3-2013 8-28-04 PM.png Size: 103 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,134
  • Mar 13, 2013 7:40am Mar 13, 2013 7:40am
Quoting erickva
I normally have one profile for each pair and check all of them every 4 hours. If I am awake.
I find it easier to have the pair separated in profiles rather them have 22 windows at the same time, it slows my computer a bit.
Well, how I wish we all have a TMS Dashboard which shows us at a glance everything we want to see, plus sound alert, email alert, ....no need to open so many charts.

It is still WIP
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Dashboard example.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,135
  • Mar 13, 2013 7:53am Mar 13, 2013 7:53am
Quoting snarlyjack
Hey Emmanuel,

I do like the tdi watchdog better.

thanks

snarlyjack
Hello snarlyjack,

Thanks for this. Today got myself busy looking for this and finally got it running. Nice option to show update current bar.
Unfortunately there is no mq4 version otherwise this would help me crack something I am working on right now.

Kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,136
  • Mar 13, 2013 7:58am Mar 13, 2013 7:58am
the dashboard looks cool.

No results today. Wasnt at a computer with Mt4
  • #16,137
  • Mar 13, 2013 8:22am Mar 13, 2013 8:22am
Quoting tenmilewalk
the dashboard looks cool.

No results today. Wasnt at a computer with Mt4
maybe a mobile Apps version would help you being away from your PC.
How much $$$ do you think I should charge for the Apple iOS and Adroid APPs download?

Or maybe a chart based simple version like one below this work good on a chart.
Attached Image (click to enlarge)
Click to Enlarge Name: TDi cross dashboard.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,138
  • Mar 13, 2013 8:34am Mar 13, 2013 8:34am
I guess it's time to get back to basics again. This year has been a very inconsistent year of trading for me. I don't know the reason for it but it has been. Last year was a much better trading year for me; last year I was following TMS on the 4 hr charts and did pretty well with it. Now, each time I decide to take a 4hr trade it reverses and I get stopped out. The thing I am doing differently is using a stop loss. Last year, I never used one, which I see now is unwise.

Lately, I've been jumping around with different currencies, and different time frames. I really like trading the 15 minute time frame but it's hard with having a full time job. I think I'm going to force myself to stick to the 1hr time frame and keep an eye on 4 currencies only instead of 8; checking the 4hr also to see any potential harmonic patterns forming. I have a trade explorer setup on my micro live account linked to this profile. This way people can see my successful trades (hopefully) and unsuccessful ones as well. I'm going to stick to EURUSD, GBPUSD, AUDJPY, and EURJPY. My risk is going to be 1% of my account for every 25 pips. This is where I need some guidance because on the EURJPY we know it can more 100 pips in one candle with ease. And, I don't want to risk more than 2% of my account with each trade. I'm open to suggestions about the EURJPY; to trade or not to trade. I know it's volatile, which is why I am attracted to it.

I've also entered into the trading contest here... increase your trading account 100 times.
  • #16,139
  • Mar 13, 2013 9:14am Mar 13, 2013 9:14am
I have to go to the doctor today, so I went to bed early last night.

I hope that somebody made some good profits on the eur/usd move

I knew it was going to break down but it took longer than I thought.

Good trading everyone...

snarlyjack
Attached Image (click to enlarge)
Click to Enlarge Name: pictures5gif.gif Size: 23 KB
  • #16,140
  • Mar 13, 2013 9:34am Mar 13, 2013 9:34am
Quoting snarlyjack
I have to go to the doctor today, so I went to bed early last night.

I hope that somebody made some good profits on the eur/usd move

I knew it was going to break down but it took longer than I thought.

Good trading everyone...

snarlyjack
Hope all is well and you listen to doctor. I went to dentist yesterday and got a good cleanout.

Bears wait upstream for the salmons to come to them. That is what we all Bears must do.
Sorry this chart is naked and not TMS.
Attached Image (click to enlarge)
Click to Enlarge Name: EU week 11 Bear feeding again.png Size: 230 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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