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Trading Made Simple

  • #18,241
  • Apr 25, 2013 4:42pm Apr 25, 2013 4:42pm
Emmanuel, you got a PM
  • #18,242
  • Apr 25, 2013 4:45pm Apr 25, 2013 4:45pm
Quoting emmanuel7788
Hey folks in Asia Pacific...Moin Moin Looks like some of my Aussie friends are up early today. Is it day-off or holiday long weekend? Wait till when I get home and we shall be in the same time zone.
Good morning emmanuel,

It's a lovely day in Oz and sun is shining so brightly.... I check the charts after NY close to see what has happend over the night. Sometimes I trade early NY session then close the trade or put it on trailing stop to close itself.

It's another working day here and it's pitty we couldnt have friday off .....

I enjoy your inputs on TMS trades.
  • #18,243
  • Apr 25, 2013 4:49pm Apr 25, 2013 4:49pm
Quoting emmanuel7788
Before I hit the roads after after this pit stop, I want to post the GEM of Week 17. GBPUSD - channel breakout: See chart for details. Question: (refer to the chart below), That candle#8 is the strong breakout candle when the UK GDP data release earlier. Only those who traded the 4H early would have stayed in the trade and rode the breakout. Candle#8 broke out of the H4 channel, what else did than candle#8 do? You answer is important for next week trading. The chart below has a few good lessons for PA trading with TMS 4H. Hope you will pick up some...
Candle 8 close was above the strong resistance line. Bull definately were in charge here.
  • #18,244
  • Apr 25, 2013 4:55pm Apr 25, 2013 4:55pm
Quoting Ozforex13
{quote} Good morning emmanuel, It's a lovely day in Oz and sun is shining so brightly.... I check the charts after NY close to see what has happend over the night. Sometimes I trade early NY session then close the trade or put it on trailing stop to close itself. It's another working day here and it's pitty we couldnt have friday off ..... I enjoy your inputs on TMS trades.
Hi mate,

If I drop a message in a bottle today in the North Pacific Ocean off the US westcoast, and I address to Maroubra Bay beach, how long will that take to reach? That may work in 2 weeks? ...hmmmmm

Cheers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,245
  • Apr 25, 2013 4:59pm Apr 25, 2013 4:59pm
Quoting Ozforex13
{quote} Candle 8 close was above the strong resistance line. Bull definately were in charge here.

yep, one hell of a raging Bull... mama Bear is up there with 3 little ones.

where are you Jackub my Polar Bear?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,246
  • Apr 25, 2013 5:02pm Apr 25, 2013 5:02pm
Quoting driven18
Harlem, been looking for good solid strategy for TP for awhile....can you talk a little bit about your experinece with ATR and also if you can please point me to the dcgnic pdf(i know one exists)
Post 18,144 or click the paperclip at the top of the page!!!!!
  • #18,247
  • Apr 25, 2013 5:04pm Apr 25, 2013 5:04pm
Quoting driven18
Emmanuel, you got a PM

you sent me PM? which one? I prefer a lot more John Howard if I had another choice again. But Julia Gillard is doing what she can. All I want is Aussie interest rate back to 4.5%....and Yen remains at 0%

will reply you later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,248
  • Apr 25, 2013 5:29pm Apr 25, 2013 5:29pm
Quoting okanemici
Hi Nellycopter, Sorry it is not much related with the thread but it is my way of using tma, maybe it could be help of newbies. I made those arrows and lines for you to see better, not an indi.18 shows the trend direction and you look for trades in that direction.If 18 is showing south you only look for shorts , if it is showing north you only look for longs, if it is flat you pass. When using emas 3 and 18 , it will be easer to follow the continuations and reversals and you will confirm your tdi cross with a 3 & 18 cross.Sometimes crosses make you...

Okan,

Thanks for sharing this. You got me thinking this whole week the 3/18EMA thingy.
Just realised what Daryll Guppy' book on using GMMA. That works too.

Now, I see 18EMA actually is a sort of view of the next higher TF trend. ...the Primary Trend.
3EMA is the current trend on 4H ... the Internediate Trend.

What we all want is to trade that Trend of that Moment when in 4H, and when we are in the direction of the Primary Trend, we msut take advantage and ride that Primary Trend ... 'Let Proft Run"

The challenge for new 4H traders is to determine the Primary Trend and the Intermediate Trend.

Short term day traders can trade H1 the Short Term trend in both ways. That requries special skills.

Thanks Okan,

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Trend of that Moment.png Size: 247 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,249
  • Apr 25, 2013 5:35pm Apr 25, 2013 5:35pm
Quoting Nellycopter
Okanemici, I am trying your advice on 3-18ema on H4' to see how it goes, On your chart you have arrows and lines for entries, is this an indi ?? And are you willing to share it to help us newbies out ???? Regards Nelly

Nelly,

I know you asked Okan who is my good foxy friend and he replied you with very good information and knowledge.

But, I do not want to see you so often in the pub.

Take care.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,250
  • Apr 25, 2013 7:04pm Apr 25, 2013 7:04pm
Yes sir, you are right, gmma also works.Knowing the primary trend is also very important.1h traders could use 12 & 72 emas and they will see it works perfect too.
The important thing is the direction of 18, 3 & 18 cross and 1 candle momentum bar rejections from 18 and continuations with 3 .
Thank you for the vouch Sir , it is an honour.

Regards,

Okan

Quoting emmanuel7788
{quote} Okan, Thanks for sharing this. You got me thinking this whole week the 3/18EMA thingy. Just realised what Daryll Guppy' book on using GMMA. That works too. Now, I see 18EMA actually is a sort of view of the next higher TF trend. ...the Primary Trend. 3EMA is the current trend on 4H ... the Internediate Trend. What we all want is to trade that Trend of that Moment when in 4H, and when we are in the direction of the Primary Trend, we msut take advantage and ride that Primary Trend ... 'Let Proft Run" The challenge for new 4H traders is to...
  • #18,251
  • Apr 25, 2013 7:37pm Apr 25, 2013 7:37pm
okanemici, at times TMS already crossed few bars before 3 crosses 18 back, are you suggesting to wait for 3 crossing 18 and only then enter?

then we may have late entries on 3rd or 4th candle.....please explain...
  • #18,252
  • Apr 25, 2013 8:40pm Apr 25, 2013 8:40pm
Thanks emmanuel7788
  • #18,253
  • Apr 25, 2013 9:35pm Apr 25, 2013 9:35pm
Quoting driven18
Harlem, been looking for good solid strategy for TP for awhile....can you talk a little bit about your experinece with ATR and also if you can please point me to the dcgnic pdf(i know one exists)
Hi driven,

I use ATR(7) for my T/P levels because it gives me a consistent number to set them based on previous price action movement.
I had about 14 trades total last week + this week and all of them hit T/P 1.
About 70-80% hit T/P 2 and the rest went back to BE.
(I move them to BE after T/P 1 is hit)
For S/L preferably I'd put it at the previous swing high/low, or ATR(7)x2, whichever is nearer to my entry.
Like dcgnic said in his posts it is a very low maintenance money management system.
But that's just my style...
Do read dcgnic posts for more insights into this MM strategy.

Hope that helps!


Quoting Phx62
{quote} Post 18,144 or click the paperclip at the top of the page!!!!!
Thanks for the help Phx62!
  • #18,254
  • Apr 25, 2013 10:06pm Apr 25, 2013 10:06pm
Thanks Harlem and PHx62
  • #18,255
  • Apr 25, 2013 10:21pm Apr 25, 2013 10:21pm
Hi guys,
been following this thread for a bit now and is finally confident enough to start trading live
just entered sell into gj
tdi is crosing down and stoch confirm the move.
any comment/advice is much appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 47 KB
Daniel
  • #18,256
  • Edited 10:51pm Apr 25, 2013 10:33pm | Edited 10:51pm
update:
SL at BE+20 now
for a moment gj hit 70 pips, and i feel like hitting the bed till the next 4h candle

edit update:
stop out on my be+20, will look for the next short opportunity after this pullback is done
Daniel
  • #18,257
  • Apr 25, 2013 10:45pm Apr 25, 2013 10:45pm
Emmanual TDI PL 12-2 What P L stand for Malcolm .
  • #18,258
  • Apr 25, 2013 10:48pm Apr 25, 2013 10:48pm
Quoting Greenb
Hi guys, been following this thread for a bit now and is finally confident enough to start trading live just entered sell into gj tdi is crosing down and stoch confirm the move. any comment/advice is much appreciated {image}
I think with the help of BOJ, it will meet 150.22. As seen on your chart, it's bouncing off strong resistance. TDI cross down.

See my post yesterday when I short at 153.20 or so.
Quoting kbp
sell limit hit. SL 154.10 TP 151.09 let fall GJ, my original target was 148 but the GBP news just changed my plan...
back... and more dangerous.
  • #18,259
  • Apr 25, 2013 11:03pm Apr 25, 2013 11:03pm
Quoting Greenb
Hi guys, been following this thread for a bit now and is finally confident enough to start trading live just entered sell into gj tdi is crosing down and stoch confirm the move. any comment/advice is much appreciated {image}
Hi Greenb,

I am also shorting this pair. you got the right signal. The strong suppor is 149.82 and let's see what happens.
  • #18,260
  • Apr 25, 2013 11:38pm Apr 25, 2013 11:38pm
Good Morning, (for me) Emmanuel, may we call this also a channel breakout? Not so clear as on GU Yesterday but i'v taken a short. Offcourse others may comment also, I have to learn to recocnise these patterns. Thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: short26042013.png Size: 58 KB
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