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Trading Made Simple

  • #18,781
  • May 6, 2013 5:16pm May 6, 2013 5:16pm
Quoting bigpips
Emmanuel, Hope you don't get tired of "thank you's" ! It will come back to you tenfold! Thank you! {quote}
bigpips.

thank you too!

and thank you for posting and sharing your trades yesterday. Good trades too.

Be Blessed.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,782
  • May 6, 2013 5:47pm May 6, 2013 5:47pm
Thanks!

I am on a bit of a break for a couple of days...might look like I am overtrading but trying to get as much as possible chart time in!

Good trading all!

Quoting emmanuel7788
{quote} bigpips. thank you too! and thank you for posting and sharing your trades yesterday. Good trades too. Be Blessed. EMMANUEL
  • #18,783
  • May 6, 2013 6:15pm May 6, 2013 6:15pm
Quoting Fx94
Hello forexfactory, I am a new member in this forum. My nickname is FX94 and i live in Germany. I am 18 year old, and interested in Trading. I was testing the TMS System, with the TDI indicator, and had some really good trades. But can you explain me, how i should set SL / TP positions ? From the thread i understood, that I have to observe the H1/H4 in the full context ? (Big Picture planning; Thanks to Emanuel !!) Is the system also working on lower time frames like M30 or M15 ? Best regards, FX94
Hi FX94,

When I was 18 years old, that was in 1973. Trading in those days was not like the way it is today. We did not have online retail trading back then, we buy and sell through our brokers counters using paper scripts. Without scripts we cannot trade. Today we use CFDs which is great for short selling.
When I turned 21, my grandfather gave me a paper script and told me " Keep this for 20 years" and I did. That script was a bank stock paper and today it is worth many times what it was worth back in 1976. I became a small retail shareholder.
Lesson : Now you ask your grandfather for some DeutscheBank stocks and keep them for 20 years.

You aske ask about SL and TP:

You decide on your trade inital SL.
Let the market decide your TPs and final TP.

Have you been to babypips school of pipsology? If not, I want to see you graduate there first.
Learn how to protect your trades :
http://www.babypips.com/school/stop-...hats-that.html

TMS is a trend trading method. It works in all timeframes and trend types.

See this pic below. Ask yourseelf, which of the TF trend will you want to trade?
You can scalp the M15 TF against the H4 as Primary Trend.
or
You prefer to trade M15 entry in the same direction of the H4 Primary Trend ....and 'Let Profit Run'

Enjoy Learning.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,784
  • May 6, 2013 8:35pm May 6, 2013 8:35pm
GM traders
Off the topic....
what happened with this thread, can see only 940 pages instead 1250??? kind a "commpresion" or what?
JacekPreserve Precious Capital
  • #18,785
  • May 6, 2013 9:15pm May 6, 2013 9:15pm
Quoting emmanuel7788
Do not enter a 4H trade simply on H4 TDI cross + APB/HA candles #1 and #2 and Stoch confirmation. Always start the day and checking the Weekly and Daily charts to look for the higher timeframe bias. And also where the nearby historical support and resistance are. Do Not SELL into Support. DO Not BUY into Resistance. Always see that there is sufficient room for you to take some profit off the market and BE your trades. There is an example I posted above on CHFJPY - why that 4H setup was a high risk one. PATIENCE and TIMING...
Hello trader,

Here is my losing trade.

Keep in mind PATIENCE and TIMING
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  • #18,786
  • May 6, 2013 9:47pm May 6, 2013 9:47pm
Quoting Jackub
GM traders Off the topic.... what happened with this thread, can see only 940 pages instead 1250??? kind a "commpresion" or what?

So? you want QUANTITY over QUALITY ?


Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #18,787
  • May 6, 2013 9:48pm May 6, 2013 9:48pm
Quoting Pervis
{quote} Hello trader, Here is my losing trade. Keep in mind PATIENCE and TIMING {image}

Yes, PATIENCE and TIMING .

The prev D and H4 were both very strong. You need to see a bearish / reversal type pattern on H4 or on D for a turnaround. So your first sell was not a good one and could have avoided that loss.

Then came the 3-bar H4 bearish pattern, and that invalidated my last week Buy trade, so I exit.

Wait for A+++ setups only, preserve trading capital.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,788
  • May 6, 2013 9:50pm May 6, 2013 9:50pm
Quoting Erebus
{quote} So? you want QUANTITY over QUALITY ? {image}

I feel betrayed!!! 300 valuble prcious pages lost forever!!!
JacekPreserve Precious Capital
  • #18,789
  • May 6, 2013 9:56pm May 6, 2013 9:56pm
Quoting emmanuel7788
AU week 19 - Tuesday 7 May view : Here is my chart view updated. Careful today is key news, ... RBA rate 3% still the same, it can get lower but not this month. {image}
http://www.forexfactory.com/attachme...1&d=1367882555

Ha ha ha... someone lied about RBA keeping rate at 3% this month. But lowering to 2.75% also hurt aussie today to hit my TP nicely with the 70pips drop, breaking the MN support and just touching that Prev W Fib 127%.

2.75% is more sign of gloomy economy and with China' weaker manufacturing data, it will hurt more.

now beware of 'dead cat' bounce' on your AU chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,790
  • May 6, 2013 10:00pm May 6, 2013 10:00pm
Quoting Jackub
{quote} I feel betrayed!!! 300 valuble prcious pages lost forever!!!

did we lose so many pages of posts? .... hmmmm, did someone ordered a cleanup or what?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,791
  • May 6, 2013 10:07pm May 6, 2013 10:07pm
Attached Image (click to enlarge)
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Wow! how many patterns we have here?? What a fight
Will finnaly reverse? D1 candle is forming bearish to... will be a third top? , and if will build three reversal candle patter on D1, will ride down?
JacekPreserve Precious Capital
  • #18,792
  • May 6, 2013 10:10pm May 6, 2013 10:10pm
Quoting emmanuel7788
{quote} did we lose so many pages of posts? .... hmmmm, did someone ordered a cleanup or what?
Makes me curious, as number of posts remains the same, is FF makes some layouts changes??
JacekPreserve Precious Capital
  • #18,793
  • May 6, 2013 10:19pm May 6, 2013 10:19pm
Quoting Jackub
{image} Wow! how many patterns we have here?? What a fight Will finnaly reverse? D1 candle is forming bearish to... will be a third top? , and if will build three reversal candle patter on D1, will ride down?
UJ

No bearish reversal seen yet.
Zoom out on H4, what market type do we see?
Base on current PA, H4 is still sideway, and we follow PA till we see a bearish reversal setup of divergence Price/TDI on H4 or when H4 make H-L>LH-LL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,794
  • May 6, 2013 11:09pm May 6, 2013 11:09pm
Good Morning everyone. I start my trading day right now. On 2 pairs I see an interesting pattern on the D1. EU and GU both an IB on the Daily. On EU descending Highs on the H4 and strong support about 1.3030-1.3050. Let's just wait and see.....
  • #18,795
  • May 6, 2013 11:19pm May 6, 2013 11:19pm
Hi Boys and Girls...

Was busy last week and with Public Holidays I didn't trade... here's some charts for today:

Attached Image (click to enlarge)
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On EU I see this triangle forming with daily already touching 50%fib and moving past 61.8%, a breakout would take us down to 2950 minimum ;-)

Attached Image (click to enlarge)
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AAA+ setup if we get confirmation of Bear continuation. I'm watching H1 for entry, need strong momentum candle...
@pawpaw1000 on Twitter
  • #18,796
  • May 6, 2013 11:24pm May 6, 2013 11:24pm
Quoting Pipsmurfer
Good Morning everyone. I start my trading day right now. On 2 pairs I see an interesting pattern on the D1. EU and GU both an IB on the Daily. On EU descending Highs on the H4 and strong support about 1.3030-1.3050. Let's just wait and see.....

yes, H4 double IBs are good to trade.
Do not forget that NFP candle last Friday ... that is a bigh 'mother bar'....market will break out of that high-low range.

GU is sitting on 1.5535
EU is supported by 1.3065

Now you must have Plan A and Plan B ready... for this week' 4H trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,797
  • May 6, 2013 11:34pm May 6, 2013 11:34pm
Quoting emmanuel7788
{quote} irishtoffy, here is an example: I drew the ellipse (oval/ circles) and arrows for illustrations only. You must see those with your eyes on your charts. {image}
Heres an example of a trade I took last night..it made +12 pips but is there any reason it was not a great trade? SR levels to the left?
  • #18,798
  • May 6, 2013 11:35pm May 6, 2013 11:35pm
Quoting irishtoffy
{quote} Heres an example of a trade I took last night..it made +12 pips but is there any reason it was not a great trade? SR levels to the left?
Heres the chart i forgot!
Attached Image (click to enlarge)
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  • #18,799
  • May 6, 2013 11:40pm May 6, 2013 11:40pm
Quoting pawpaw1000
Hi Boys and Girls... , need strong momentum candle...
Hi some of you is categorize entries/trades with marks A+++ or AAA+ ... what is all about , please ?
JacekPreserve Precious Capital
  • #18,800
  • May 6, 2013 11:48pm May 6, 2013 11:48pm
Quoting Jackub
{quote} Hi some of you is categorize entries/trades with marks A+++ or AAA+ ... what is all about , please ?


for me there is only A type trades, for winners.... '+++' only adds on higher probability with PASR.

B type trades are BE breakeven, you may get some small % of R.
C type are outright losers, entry hs no chance at all to even get BE, just go straight to hit SL on entry


I don't know about AA or AAA, they are battery types /sizes.... that's my guess.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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