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Trading Made Simple

  • #18,021
  • Apr 24, 2013 2:01am Apr 24, 2013 2:01am
Quoting emmanuel7788
{quote} Pervis, Let me work out a template on Big Picture planning at end of this week after Friday NY close and we shall use that for next week's trading. You choose a currency pair and let me know, then we are in business...OK? Now, I ask you all, how many of you want to do Big Picture planning the way I do it? Regards, EMMANUEL
Big picture planning, count me in.
  • #18,022
  • Apr 24, 2013 2:06am Apr 24, 2013 2:06am
Hi,

Count me in on Big Picture planning ....Emmanuel !!

The more I learn the better.

Cheers

W99
  • #18,023
  • Apr 24, 2013 2:12am Apr 24, 2013 2:12am
Quoting emmanuel7788
{quote} Malcolm, I know you will make it successful as a trader. You have the attitude and I like that. You are very fast and you picked a pair which I do not trade. LOL. But I'll do the Big Picture for GBPJPY for week 18. It is easy, because the process and approach is the same for every currency pair. Stay tuned. Trade Well.
Wonderful encouraging words is very important , it gives us the power and inner voice to hold on in the worst times then only we can survive

Thank you and count me in, I'm willing to learn
I Have Learned to Take Some Losses to Make Profits
  • #18,024
  • Apr 24, 2013 2:30am Apr 24, 2013 2:30am
I'm watching EU,

Daily trend is down, 3 IB on H4. When Price action breaks Yesterday Low and this is confirmed by TDI on the H1 I'm going short.
  • #18,025
  • Apr 24, 2013 2:38am Apr 24, 2013 2:38am
Quoting Pipsmurfer
I'm watching EU, Daily trend is down, 3 IB on H4. When Price action breaks Yesterday Low and this is confirmed by TDI on the H1 I'm going short.
Pipsmurfer,

I was waiting for someone to post and point out the IBs ... glad you did. Thanks.
you can trade the TOK_5H breakout 18pips range.

Trade Well,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,026
  • Apr 24, 2013 2:43am Apr 24, 2013 2:43am
Quoting Aj1
{quote} Big picture planning, count me in.

Aj1,

sure we will include you in this TMS trading family.
Don't run around so many different systems .. just stick to TMS and once you learn this simple method, you can trade H4 and master trading H4 TF, then you can do fast action trading on M15 and H1.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,027
  • Apr 24, 2013 2:46am Apr 24, 2013 2:46am
Still here, Haven't traded yet this week as most pairs are ranging even though Euro got that news spike, wasn't here to trade.

Could enter a trade in next hour, will update
@pawpaw1000 on Twitter
  • #18,028
  • Apr 24, 2013 2:47am Apr 24, 2013 2:47am
I was going in on price break. I longed EJ and shorted EU. I went in for both pairs on sell stops.. now looks like the price has reversed..


what did you all do? i am trading TMS on H1 for both charts.. please share with me what went wrong?

Thank you my trading brothers
  • #18,029
  • Apr 24, 2013 2:47am Apr 24, 2013 2:47am
Quoting pawpaw1000
Still here, Haven't traded yet this week as most pairs are ranging even though Euro got that news spike, wasn't here to trade. Could enter a trade in next hour, will update
What pair are you looking at pawpaw?
  • #18,030
  • Apr 24, 2013 2:48am Apr 24, 2013 2:48am
Quoting Jackub
{quote} Emmanuel, Price is ranging in channel, now just testing strong support level, bottom level of the channel… and right now making pullback with candle "6". D1 is strong bearish, so there is a chance to brake channel. I would like to see, nice candle nr "7" closing below the support making OB, and continue move down . However, price after breaking bottom of the channel can tests again this level (1.5460) and if bounce down making reversal candle pattern, confirming the level become resistance give us opportunity to take a position…...

Jackub,

You made a lot of observations very quickly. That's very good.

But you missed the IB candle#5....

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,031
  • Apr 24, 2013 2:55am Apr 24, 2013 2:55am
Quoting adamjhdavis
{quote} What pair are you looking at pawpaw?
Watching multiple pairs on H4... Missed one trade and that was AUDCHF yesterday morning at LO.
@pawpaw1000 on Twitter
  • #18,032
  • Apr 24, 2013 2:57am Apr 24, 2013 2:57am
Quoting ryanlum
I was going in on price break. I longed EJ and shorted EU. I went in for both pairs on sell stops.. now looks like the price has reversed.. what did you all do? i am trading TMS on H1 for both charts.. please share with me what went wrong? Thank you my trading brothers

Ryanlum,

Please post your charts so we can see the time and where your entries.
You need to give time for your trade to 'breathe'. You cannot price to move immediately in your direction after your entry. Just think, when you buy, others will be selling against you.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,033
  • Apr 24, 2013 3:01am Apr 24, 2013 3:01am
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 42 KB


??
JacekPreserve Precious Capital
  • #18,034
  • Apr 24, 2013 3:04am Apr 24, 2013 3:04am
Quoting pinux76
my idea .... in a few minutes on work {image}
http://www.forexfactory.com/attachme...1&d=1366785418

Pinux,

Why do you fear? There is SL to protect your trade and capital in case things go wrong.

For initial SL, look back at those APB/HA candles. Candle#2 was green price bar. Candle #3 is red price bar.
Based on your Entry candle #6, use 2-bar look back and place your initial SL above candle #4 or #3. Those APB/HA shows price momentum, so it is safe.

Use initial risk = R and manage using R-Multiple for this trade.

See my chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: EZ week 17 24 Apr H4 trade 24-4-2013 3-14-43 PM.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,035
  • Apr 24, 2013 3:08am Apr 24, 2013 3:08am
Quoting Jackub
{image} ??

Yes, H1 PopGun in a H4 IB.... that's power 2x
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,036
  • Apr 24, 2013 3:10am Apr 24, 2013 3:10am
Quoting Jackub
{image} ??
My H4 closes after this hour and will then decide whether to enter. Have been looking for a long from here looking at yesterdays daily close and oversold.
@pawpaw1000 on Twitter
  • #18,037
  • Apr 24, 2013 3:10am Apr 24, 2013 3:10am
For some reason I feel like I might have screwed this one up.

I still question my analysis. Time will tell
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.GIF Size: 29 KB
  • #18,038
  • Apr 24, 2013 3:18am Apr 24, 2013 3:18am
Quoting emmanuel7788
{quote} Pipsmurfer, I was waiting for someone to post and point out the IBs ... glad you did. Thanks. you can trade the TOK_5H breakout 18pips range. Trade Well,
Thanks Emmanuel for your comment, I'm very grateful to you, I'm learning very much of your comments but I have a long way to go and it's kicking an open door but the greatest problem is myself......
I'm short EU at 1.2973. The price also broke last week low so I think it's has potention but only the market can tell.
  • #18,039
  • Apr 24, 2013 3:18am Apr 24, 2013 3:18am
Quoting wizard99
For some reason I feel like I might have screwed this one up. I still question my analysis. Time will tell {image}
I'm still bullish on Euro...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 82 KB


and H4 with Chinese candle sticks

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 82 KB


H4 closes in 45 min and that could give a nice rejection of the move down. My experience is that if we get news and pa spikes but then retraces it is because we'll be going the other way.

Let's see
@pawpaw1000 on Twitter
  • #18,040
  • Apr 24, 2013 3:19am Apr 24, 2013 3:19am
Hi Emmanuel,
You can count me in! Eager to learn how you do Big Picture planning.

Cheers


Quoting emmanuel7788
{quote} Pervis, Let me work out a template on Big Picture planning at end of this week after Friday NY close and we shall use that for next week's trading. You choose a currency pair and let me know, then we are in business...OK? Now, I ask you all, how many of you want to do Big Picture planning the way I do it? Regards, EMMANUEL
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