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

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Trading Made Simple

  • #17,341
  • Apr 10, 2013 1:27pm Apr 10, 2013 1:27pm
Quoting tenmilewalk
Like this? {image} {image}
yes,

daily and weekly fibs draw on the chart special indi ...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 37 KB
JacekPreserve Precious Capital
  • #17,342
  • Edited 2:32pm Apr 10, 2013 2:19pm | Edited 2:32pm
Regarding above discussion, here are the indicators, that lets you stay with the trend most of the time. Using MTF conformation.
When you are placing the trade all the 3 timeframes (higher timeframes) or atleat one timeframe higher than you trade, should line up in the same color.
Works good on 15min TF , Im not sure about H1. Posting so it might help someone .
Attached File(s)
File Type: ex4 TMS-Osc Histo 3TF.ex4   14 KB | 401 downloads
File Type: mq4 TMS-Osc Histo 3TF.mq4   14 KB | 464 downloads
File Type: ex4 TMS-Osc Histo MTF.ex4   6 KB | 367 downloads
File Type: mq4 TMS-Osc Histo MTF.mq4   8 KB | 393 downloads
File Type: ex4 TMS-Osc Histo.ex4   7 KB | 354 downloads
File Type: mq4 TMS-Osc Histo.mq4   8 KB | 390 downloads
  • #17,343
  • Apr 10, 2013 2:51pm Apr 10, 2013 2:51pm
THank you very much winner. This is going to be very useful
  • #17,344
  • Apr 10, 2013 3:26pm Apr 10, 2013 3:26pm
Quoting tenmilewalk
THank you very much winner. This is going to be very useful

Take a look at M15 instead of 1H, and no entry if the same color (on histogram )occurs after too many bars.
  • #17,345
  • Edited 6:10pm Apr 10, 2013 5:51pm | Edited 6:10pm
EU and GU trades:

Those who took the EU and GU trades during the last NY sessions, I am sure some will hard time thinking of how to manage these slow moving trades.
Please post your trade charts and ask your questions here in this thread if you have open trades using the H1 and H4 entry methods.

To the few who PM and asked me many questions, sorry I cannot answer all in one day as the questions are relevant and very good ones, some questions are focus in many other aspects of trading. I will try my best and find time over the weekends and work on some answers for you. Some questions are best answered through the use of live trade examples going forward from now and to explain in realtime live trade management examples. I feel this would be the better way to learn and practice.

To trade well using TMS, my advice is that you get rid of all other indcators which are not use in TMS. Just keep your charts free form clutter - get rid of all moving averages except the 5EMA,(close price, shit+2 or 3), the Synergy APB or HeikenAshi_DM and just one TDI on the chart TF you trade in.
The Stochastic (8,3,3) is optional for those who are new to TMS. It is a good confirmation tool to use as your set of learning wheel.

Any other indicators will only cause you to question yourself every time price touches that indicator line on your price chart and also when certain sub-indicator cross up and down, these all only create more questions and lead to self doubts ... leading to more fear and greed.

Meantime, Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,346
  • Edited 6:07pm Apr 10, 2013 6:03pm | Edited 6:07pm
Quoting emmanuel7788
{image} This trade very slow moving but still in right direction: Here is an update: 2% in the bag, now manage to see if it will bring me 4% TP3 and TP4 this week. {image}
http://www.forexfactory.com/attachme...1&d=1365597364


Here is my trade update:

Managing using the APB/HA candles and using R-Multiple method.
Total in the bag is 3.2% and now sacrifice floating profit 50pips to fight for another 50pips.... targetting TP4 level.
So long as the APB/HA continue in red colour and do not show any sign of long upper wick, I will continue to fight the way down till it reverses.
Notice the upper ends of the APB/HA are mostly flat. This is a good sign of price momentum.

Trade Well.

Edit:

Notice the Stoch is way below the 20-level. Do not fear this and exit your trades. We do not use Stoch for trade exits. Stoch below 20 and above 80 are useless.
In TMS we trade PA using APB/HA and TDI for entry and exits.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 15 H4 11 Apr trade update 11-4-2013 8-54-34 AM.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,347
  • Apr 10, 2013 7:07pm Apr 10, 2013 7:07pm
GU week 15 Big Picture:

Here is something you may want to work on and plan for next week.
Businesses and corporate results for 1st.Q 2013 already known, so how will cable reacts to this?
How will you trade the breakout of the historical DEMAND zone of 2012?
It will be 230 to 250 pips in one week...

Trade Well.
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 15 Big Picture DEM 11-4-2013 9-54-40 AM.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,348
  • Apr 10, 2013 8:11pm Apr 10, 2013 8:11pm
This Morning AUD/USD good for trade: H4 Sell; H1 Sell comfirm.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 14 KB
Click to Enlarge Name: Screenshot2.png Size: 15 KB
  • #17,349
  • Apr 10, 2013 8:52pm Apr 10, 2013 8:52pm
This is the reason why I cant trade H4: stupid broker (Pepperstone) is lagging behind everyone 1 hr

e.g. here is the chart from emmanuel7788
Attachment

compared to mine, notice how mine the cross is lagging 1 candle (4hr) after and the candles look different
Attached Image (click to enlarge)
Click to Enlarge Name: eudaud-h4-mine.png Size: 27 KB



same as dunggiggs with a strong clear cross
Attachment

mine hasn't even crossed yet, and a lot of fail crosses as you see
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4-mine.png Size: 32 KB


On H1 everyone sees the same but not H4... choose your broker wisely...
back... and more dangerous.
  • #17,350
  • Apr 10, 2013 9:16pm Apr 10, 2013 9:16pm
I'm still learning TMS system, will someone tell me if this is a good long entry for EU 1H as per the chart?
Attached Image (click to enlarge)
Click to Enlarge Name: EU1H.jpg Size: 248 KB
  • #17,351
  • Apr 10, 2013 9:18pm Apr 10, 2013 9:18pm
Quoting dunggiggs
This Morning AUD/USD good for trade: H4 Sell; H1 Sell comfirm. {image} {image}
I want to take he same trade.
Also as a confirmation, we have a supply area.

What worries me is price didn't advance in H1 TF since the last 4 candles.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd_h1.gif Size: 27 KB
  • #17,352
  • Apr 10, 2013 9:29pm Apr 10, 2013 9:29pm
I do not care, based on the trend of the H4, when appearing exit signals in H4 so I switch H1 find the point out. (similar when enter)
  • #17,353
  • Edited Apr 11, 2013 1:28am Apr 10, 2013 10:37pm | Edited Apr 11, 2013 1:28am
Quoting emmanuel7788
GU week 15 Big Picture: Here is something you may want to work on and plan for next week. Businesses and corporate results for 1st.Q 2013 already known, so how will cable reacts to this? How will you trade the breakout of the historical DEMAND zone of 2012? It will be 230 to 250 pips in one week... Trade Well. {image}
As you say there is strong S/R area, historically worked very effectively so should work now as resistance as well, last month GU was trying to broke this useccesfully.
candles are smaller and smaller
I would like to see on D1 bearish candle pattern, breaking 1.52380, maybe even today daily candle will be bearish forming three candles reversal patterns like"evening start" ?? (goog news from USA today may start the fall down??)
JacekPreserve Precious Capital
  • #17,354
  • Apr 10, 2013 10:54pm Apr 10, 2013 10:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 37 KB


my story od yesterday EU trade:
Take a tade on H1 cross adjusting entry on M15, basic R;R=1 as I use to at this time of my trainig... I hoped this will be a "fast" trade, bcoz had to live outside, as price went down nicley and when price was really close to my target, moved SL to BE+1, and closed down computer . Unfortunately when came back, I finded what is on the screen, pretty strong pulback hit my BE+1 and closed the game, well its happen....
JacekPreserve Precious Capital
  • #17,355
  • Apr 11, 2013 12:26am Apr 11, 2013 12:26am
Quoting emmanuel7788
Here is my trade update: Managing using the APB/HA candles and using R-Multiple method. Total in the bag is 3.2% and now sacrifice floating profit 50pips to fight for another 50pips.... targetting TP4 level.
Hi Dear emmanuel7788,

Excuse me for this poor question, can you explain more about R-Multiple method or refer me to any post that "how I can use this method"?

thanks in advanced
  • #17,356
  • Apr 11, 2013 12:44am Apr 11, 2013 12:44am
Quoting virgoir
Hi Dear emmanuel7788, Excuse me for this poor question, can you explain more about R-Multiple method or refer me to any post that "how I can use this method"? thanks in advanced
Hi virgoir,

please do not apologise for asking question. This is what people to do is to ask questions and learn.

please watch this video which explains briely what is R and R-Multiple.

Inserted Video


For more details, read dr Van Tharp' book "Super Trader".

I will explain more using live trades examples.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,357
  • Apr 11, 2013 12:59am Apr 11, 2013 12:59am
Why market is not following my predictions.....
Maybe predictor is .... stupid ? .....
JacekPreserve Precious Capital
  • #17,358
  • Apr 11, 2013 1:28am Apr 11, 2013 1:28am
Quoting Jackub
As you say there is strong S/R area, historically worked very effectively so should work now as resistance as well, last month GU was trying to broke this useccesfully. candles are smaller and smaller I would like to see on D1 bearish candle pattern, breaking 1.52380, maybe even today daily candle will be bearish forming three candles reversal patterns like"evening start" ?? (goog news from USA today may start the fall down??)
Looks like this concept is going to fail if GU still goes up... is it going to reach 38,2% D1 swig down retracement??
JacekPreserve Precious Capital
  • #17,359
  • Apr 11, 2013 2:03am Apr 11, 2013 2:03am
I trade H1 so don't really care about trend... whenever price action shows signal, I just enter...

like yesterday, a short againsts uptrend:
Quoting kbp
if EU H1 broke down 3090 on next candle, I'll go short.
back... and more dangerous.
  • #17,360
  • Apr 11, 2013 2:14am Apr 11, 2013 2:14am
Quoting kbp
I trade H1 so don't really care about trend... whenever price action shows signal, I just enter... like yesterday, a short againsts uptrend:

Hi kbp,
Can you tell me how many pairs you are following, please?
JacekPreserve Precious Capital
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