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Trading Made Simple

  • #17,461
  • Apr 12, 2013 3:20am Apr 12, 2013 3:20am
Quoting emmanuel7788
{image} on your chart is Prev W 127% ... remember what I said often about this fib127% I also see H4 double inside bar potential breakout but direction not clear... H1 was also a inside bar switch your chart to see the Japanese Candlesticks and you will see the reason why I jump in at that opening candle. in any case, when trading the TOK_5H breakout, it can go either way, so with a small initial Sl if the first breakout fails, then I lose 20pips and...
BEOB pattern brake, I suppose....
JacekPreserve Precious Capital
  • #17,462
  • Apr 12, 2013 3:24am Apr 12, 2013 3:24am
Hello Kbp,

you are right. its good to be flexible. To be honest, I wasnt even looking that much at the TDI, just the row of APB candles. But its good to know that I havent made too much of a mistake. Luckily I did not enter in any direction. Otherwise would've been messy.

I was just aware of emmanuel's TOK 5 hour breakout. That was actually used in conjuntion for my EUR.USD trade today.

Thank you very much.
  • #17,463
  • Apr 12, 2013 3:38am Apr 12, 2013 3:38am
Quoting vody105
Hello Pervis, IMHO I think that Emmanuel did bounce trade. So As you can see he just took the trade at the candle that bounced. So it was not that quickly. BTW: Emmanuel trusts this method so he knows than if this one does not go right, next 5 trades will. Just my opinion. Regards, Philip
Hi Philip,

You read too much of my posts and now your are beginning to think like me. LOL.

Yes, I still trade TMS as my core mthod. Just that I have different ways to look for trades. I put more emphasis on Price Action and the use of Support and Resistance, and the use of japanese candlestcik for my entries and use the APB/HA for managing trade exits.
What is more important is that I have a Plan A and a Plan B. In situation wheere Plan A fails, I run Plan B and it works most often. Worst case, when Plan B fails, then I still have a backup Plan C. This way, I am always in the market. We can only make money when we are in the market. We must use Money Management strategy to crank up the pips and % returns.

Work on this folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,464
  • Apr 12, 2013 3:50am Apr 12, 2013 3:50am
Quoting redfan
http://www.forexfactory.com/attachme...hmentid=692620
Thank you!
  • #17,465
  • Apr 12, 2013 3:53am Apr 12, 2013 3:53am
Hi Guys,

Just gone long on EURUSD @ 1.30515, any one else considering?

Regards

Adam
  • #17,466
  • Apr 12, 2013 4:00am Apr 12, 2013 4:00am
Quoting emmanuel7788
Hi Philip, You read too much of my posts and now your are beginning to think like me. LOL. Yes, I still trade TMS as my core mthod. Just that I have different ways to look for trades. I put more emphasis on Price Action and the use of Support and Resistance, and the use of japanese candlestcik for my entries and use the APB/HA for managing trade exits. What is more important is that I have a Plan A and a Plan B. In situation wheere Plan A fails, I run Plan B and it works most often. Worst case, when Plan B fails, then I still have a backup Plan...
Are you prepared to go long EU?
  • #17,467
  • Apr 12, 2013 4:08am Apr 12, 2013 4:08am
Quoting vody105
Are you prepared to go long EU?
I am cautious as this is now one hour to NYO, so it is most likely profit taking and price move back up slightly now . There is US news during NY session.

TIMING
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,468
  • Apr 12, 2013 4:12am Apr 12, 2013 4:12am
I really like emmanuel's style of entry on 15Min Tf and then converting it to a 4HR swing trade. The RR is wonderful.
Yesterday i have tried the entry on 15min TF just after EO , on EUSD 1.3058 and after few candles i moved my stop to BV. However out of fear i closed it for 4 pips + after LO , again realised my mistake and took the TDI cross after LO 1.3085,
i holded it till 1.3121.

Similarly , On Gnzd i entered on 15min Tf, and made 100pips risk was 18 pips . I know everyday those results are not acheivable.
BUt the thing i learned from emmanuel is that once we enter during Euro sessions , we are minimzing our risk , so the possible result would be "if the same direction druing EUro session is followed by London session then we get very good Big R multiple.
If it doesnt then we lose small, and reverse using the TDI . Market has only two directions right? up or down . During ranging periods, we get caught up in chop and consolidation. But again ranging periods can be avoid by checking the pair's ADR and levels. Its about minimizing risk , looking for better entry price, and maximize our rewards.
Thank you emmanuel
Attached Image (click to enlarge)
Click to Enlarge Name: gnzd.gif Size: 25 KB
  • #17,469
  • Apr 12, 2013 4:16am Apr 12, 2013 4:16am
Quoting Winner1245
I really like emmanuel's style of entry on 15Min Tf and then converting it to a 4HR swing trade. The RR is wonderful. Yesterday i have tried the entry on 15min TF just after EO , on EUSD 1.3058 and after few candles i moved my stop to BV. However out of fear i closed it for 4 pips + after LO , again realised my mistake and took the TDI cross after LO 1.3085, i holded it till 1.3121. Similarly , On Gnzd i entered on 15min Tf, and made 100pips risk was 18 pips . I know everyday those results are not acheivable. BUt the thing i learned from emmanuel...
Hi Winner,

Yes it is powerful I have been doing it for a few weeks now and the results are amazing.
Timing is crucial and screen time is longer but I have had some great trades 80 pips, 185 pips etc with only a 10 pip stop loss.

Last week with a 2% risk made over 600 pips doubling my account. Obviously a good week pip wise but this is a great method.

Regards

Adam
  • #17,470
  • Apr 12, 2013 4:31am Apr 12, 2013 4:31am
I do not understand why you want to be long eurusd while h4 candle is red, there is chance that next red candle is also...
  • #17,471
  • Apr 12, 2013 4:33am Apr 12, 2013 4:33am
Quoting adamjhdavis
Hi Winner, Yes it is powerful I have been doing it for a few weeks now and the results are amazing. Timing is crucial and screen time is longer but I have had some great trades 80 pips, 185 pips etc with only a 10 pip stop loss. Last week with a 2% risk made over 600 pips doubling my account. Obviously a good week pip wise but this is a great method. Regards Adam
awesome . sticking to 1 or 2 pairs is the key i guess. congrats on those results.
  • #17,472
  • Apr 12, 2013 4:37am Apr 12, 2013 4:37am
Quoting thomi
I do not understand why you want to be long eurusd while h4 candle is red, there is chance that next red candle is also...
It is just 1 option what to look for as it has bounced very agressively from yesterday´s low. At leaste as I look at that chart. But I dont like the situation now because it looks like a little market correction. I will w8 for news probably.

We have to look how the other candles will look like. If it goes under Yesterday´s low or not.

Right now it´s challanging the S1 line

Trade well!
  • #17,473
  • Apr 12, 2013 4:41am Apr 12, 2013 4:41am
Quoting thomi
I do not understand why you want to be long eurusd while h4 candle is red, there is chance that next red candle is also...
One of the scenarios can be bounce from this area, main trend is UP now we have break, but pullback to TL to test is quite normal, in an hour we have news from USA, so we are waiting what market is going to do

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 48 KB
JacekPreserve Precious Capital
  • #17,474
  • Apr 12, 2013 4:54am Apr 12, 2013 4:54am
Quoting Jackub
One of the scenarios can be bounce from this area, main trend is UP now we have break, but pullback to TL to test is quite normal, in an hour we have news from USA, so we are waiting what market is going to do {image}
Gr8 trading and wonderful plan . I wanted to go long, But then i changed my mind , to wait till NY open and news. will it continue or changes the direction ???
8 min to go.
  • #17,475
  • Apr 12, 2013 4:57am Apr 12, 2013 4:57am
Wonderfull price action on GBPNZD. Retset to previous support turned resistance .
Lets see if NYO brings some volume and take this one down.will look for early entry on M15
Attached Image (click to enlarge)
Click to Enlarge Name: gnzd m15.gif Size: 21 KB
  • #17,476
  • Apr 12, 2013 4:58am Apr 12, 2013 4:58am
H4 down!
M15 Sell EU when PA breakout S1, TP to S2
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 13 KB
  • #17,477
  • Apr 12, 2013 5:03am Apr 12, 2013 5:03am
Quoting thomi
I do not understand why you want to be long eurusd while h4 candle is red, there is chance that next red candle is also...
Just scalping it for 15 pips as couldn't be in front of my screen b4 LO.
  • #17,478
  • Apr 12, 2013 5:04am Apr 12, 2013 5:04am
if Closes below 1.3043 . WIll consider shorting EU
  • #17,479
  • Apr 12, 2013 5:06am Apr 12, 2013 5:06am
Quoting Winner1245
awesome . sticking to 1 or 2 pairs is the key i guess. congrats on those results.
Yes couldn't agree more as too many pairs you tend to miss that all critical entry to keep stop loss low. I find it can take a couple of entry's before you 'catch the train' but the reward is well worth the effort!!!
  • #17,480
  • Apr 12, 2013 5:26am Apr 12, 2013 5:26am
out mini profit before new breakout
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