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Trading Made Simple

  • #18,961
  • May 9, 2013 12:58pm May 9, 2013 12:58pm
Quoting Fame of me
Hello, right now i have run two longs on GJ. {image}
update, my trades reach the target
Attached Image (click to enlarge)
Click to Enlarge Name: gj h4 done.png Size: 18 KB
  • #18,962
  • May 9, 2013 1:33pm May 9, 2013 1:33pm
Quoting Estupido
{quote} Hi Mierzyk, I am interested in his answer as well but in the weekly of the 16th of april was bearish. Shouldn't you avoid to trade against the trend of the week? I am a newbie so I can be totaaly wrong.
Estupido,

I am really not comfortable with multi-timeframe trend analysis. Price can uptrend on Monthly, downtrend weekly, uptrend daily, downtrend H4 and so on. You can always find a trend bet against. What I have learnt for last 7 weeks of intense H4 TMS trading is that I should pay attention to H4 trend. I determine the trend when I zoom out my H4 to such a extent that I still can recognize particular bars. I would not enter the trade gainst the movement of which one color of bars is totally dominating or against the move longer than like 8-10 bars. It happens very often that after these 8 bars you will get 1-2 counter-trend bars that leads to nowhere. Before I join against the trend I need to see some PA like counter-swing or double bottom, preferably with divergence



Quoting driven18
mierzyk , AUDUSD and AUDCAD, not a good place to short...TDI at 32
driven18
I'm sorry but I don't quite get you. I never trade or even follow AUD/CAD, and AUD/USD was not close to 32.
Remember I'm a newbie!
  • #18,963
  • May 9, 2013 2:15pm May 9, 2013 2:15pm
Boomerang returns to me- should I close the position when price tweaks against me?

This EUR/JPY H4 short looked great. Unfortunately, I ended up loosing some pips.
Instead of placing SL above/below recent high/low I place them above the high/low of the setup synergy bar. That works great for me and this time it also saved me some pips. It sounds like I enjoy loosing. No, I'm not. I enjoy following my trading plan which works great for me. I never felt so comfortable with the trading plan as I am now.

http://www.forexfactory.com/attachme...6&d=1368124978



You do know the story. The question that returns to me is whether I should close the position when TDI tweaks against me or just hold and be patient? Share your opinion guys!

http://www.forexfactory.com/attachme...4&d=1368126560


GBP/USD H4
Big-E didn't use to trade H4 at NYO. Sometimes I do trade it, just like I did today. I wish I was better with taking profits off the table. Thanks to the move down I have ended my trading day with a minor (+). Closed position at 1.5007. Initial SL was 25 pips. I don't have a stable plan to manage risk at 14:00 GMT entries:


http://www.forexfactory.com/attachme...6&d=1368126865


Lets just hope there is anything else to trade tommorow. I might call it a week after these spikes.


Cheers!
M.
Remember I'm a newbie!
  • #18,964
  • May 9, 2013 2:20pm May 9, 2013 2:20pm
Quoting mierzyk
Boomerang returns to me- should I close the position when price tweaks against me? This EUR/JPY H4 short looked great. Unfortunately, I ended up loosing some pips. Instead of placing SL above/below recent high/low I place them above the high/low of the setup synergy bar. That works great for me and this time it also saved me some pips. It sounds like I enjoy loosing. No, I'm not. I enjoy following my trading plan which works great for me. I never felt so comfortable with the trading plan as I am now. {image} You do know the story. The question that...
hmm, i cant see any picture, is it a problem on my site?
  • #18,965
  • May 9, 2013 2:27pm May 9, 2013 2:27pm
Quoting Fame of me
{quote} hmm, i cant see any picture, is it a problem on my site?
I can not see them either
JacekPreserve Precious Capital
  • #18,966
  • May 9, 2013 2:29pm May 9, 2013 2:29pm
Quoting mierzyk
Boomerang returns to me- should I close the position when price tweaks against me? This EUR/JPY H4 short looked great. Unfortunately, I ended up loosing some pips. Instead of placing SL above/below recent high/low I place them above the high/low of the setup synergy bar. That works great for me and this time it also saved me some pips. It sounds like I enjoy loosing. No, I'm not. I enjoy following my trading plan which works great for me. I never felt so comfortable with the trading plan as I am now.
You mean this set up? (sorry i cant see your picture)

Attached Image (click to enlarge)
Click to Enlarge Name: ej h4.png Size: 40 KB



I saw this also, but was on this time still in buy on GJ and this was the first reason why i was unsure about the short.
Then i put the trendline on my chart AND i looked on the D1 trend, and on D1 we are on long.

Hmm yeah, this i why i didnt take the sort.
  • #18,967
  • May 9, 2013 2:38pm May 9, 2013 2:38pm
Quoting Fame of me
@pawpaw , nice short on GU i miss it.
I'll be keeping the 70% of my position left as daily looks really good and seems like the next leg down on Cable has started!
@pawpaw1000 on Twitter
  • #18,968
  • May 9, 2013 2:40pm May 9, 2013 2:40pm
Quoting pawpaw1000
{quote} I'll be keeping the 70% of my position left as daily looks really good and seems like the next leg down on Cable has started!
pips pips pips
  • #18,969
  • May 9, 2013 3:01pm May 9, 2013 3:01pm
Wonder why you don't see them. I see them on my own post. Probably I have messed something with Crop. Don't like the new system of posting screenshots.. Anyway, theres 3 of them here:

EUR/JPY and GBP/USD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 175 KB
Attached Images
Remember I'm a newbie!
  • #18,970
  • May 9, 2013 3:18pm May 9, 2013 3:18pm
Had my first trading day today and my lesson learned: don't try to see possible set ups if they aren't there. I was way to eager to search for possible setups. Tomorrow more patience from my side and hoping for a better day.
  • #18,971
  • May 9, 2013 3:43pm May 9, 2013 3:43pm
All, is this a possible set up or is the TDI to close to the 68?
Attached Image (click to enlarge)
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  • #18,972
  • May 9, 2013 4:31pm May 9, 2013 4:31pm
Quoting Estupido
All, is this a possible set up or is the TDI to close to the 68? {image}

After this spike, I would wait for a PB (Pull Back) - RSI (Green Line) on TDI to come back to 50 level and cross SIGNAL (Red Line).

Please correct me, someone, if I am wrong
  • #18,973
  • May 9, 2013 4:38pm May 9, 2013 4:38pm
Over 10% gain for week so far..might take Friday off.

Here are update from trades

EURUSD - Short.. Used 5h-Tok breakout confirmed by 4h chart as entry.
I set my tp at resistance/support levels as I see it.
If I am not on the charts, it's hard to close partially as I can't get Emannual's trade manager to work yet..I'm an a Mac so Meta not working as smooth.

20p sl for a 80p tp (4%) gain

1H
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 1H Tok5h 9:05 9am.png Size: 35 KB


4H
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4H 9:05 9AM.png Size: 36 KB
  • #18,974
  • May 9, 2013 6:31pm May 9, 2013 6:31pm
Today's trades:

I took these 2 trades on the 4HR. I use the Weekly candle color as the trend indicator. Right now on the AUD/USD Weekly, candles are bearish and USD/JPY Weekly, they are white (bullish). I waited for a reset of the TDI (green line comes below/above the 50% line) which tells me there has been a sufficient pullback in the immediate trend (4HR). Perfect TMS set up. I took 30 pips each. I do not use the Daily, just the Weekly to confirm the trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 45 KB
Click to Enlarge Name: uj.png Size: 43 KB
Without vision, the people will perish.
  • #18,975
  • May 9, 2013 7:25pm May 9, 2013 7:25pm
Yesterday 9 May:

Hello Everyone,

I do not know what happened yesterday. Like many of you, we could not make any post in this thread.
i reported to the FF moderator and now we are back in business again.
Some of you PM me but I did not have time to reply to all.
So, for those who still have technical questions on TMS, please post them again today with your charts pleaseeeee...

I have also a few requests/suggestions that we start a new thread on Trading Made Simple with PASR.
Some felt that we have been distracted from Big E original TMS method with many of my posts. I am sorry for all that.
I have to seriously think about this after what happened yesterday.
Please, just let me know how many of you feel we should have a new thread and continue in sharing and discussion. Also tell me what you wish for in a new thread.

Thank you.

Kind Regards,

Be Blessed.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,976
  • May 9, 2013 7:36pm May 9, 2013 7:36pm
Quoting Estupido
Dear All, First, thank you all (and especially Emmanuel) for all your contributions. I have been reading all 947 pages the last four days and made the necessary notes and I am ready to tade in the world of forex. I have just deposited EUR 10K into my account to start with and I am sure I will make a lot of mistakes in the beginning but hope to be a profitable trader in the end. I will share my thoughts with you but please do not follow my thoughts as I am still a beginner. Ok this for now, first trading day will start tomorrow at LO. Thank you all...

Estupido,

I am sorry I did not reply your post yesterady due to unknown problem and this thread was 'locked'.

I do not know how long you have been trading spot forex and also how many demo trades you have completed using TMS.

To start live trading with EUR10K, is a big decision t make.

I think to do demo trading using a Demo account EUr10K and complete 100 trades , then we evaluate all your trades - entries, exits, position sizing, trade management, wins and losses analysis, expectancy, etc, then it would give a good picture and then we make a business and trading plan. After that, you decide when to start business Live trading with real money.

It is your decision, but I mentor a few new traders and this is what I usually would do again and again.

Hope you do not mind that I reply in this way.

Kind regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,977
  • May 9, 2013 7:41pm May 9, 2013 7:41pm
Quoting Estupido
All, is this a possible set up or is the TDI to close to the 68? {image}
http://www.forexfactory.com/attachme...1&d=1368132133

EJ Caution:

EJ broke high and market structure changing...

if yiu are tradin 4H, be very careful to take any TDI cross setups until we see a A+++ setup.

Please go back to my posts on EJ the past 2-3 weeks on Market Type.

PRESERVE CAPITAL ... MAY Month.

Regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,978
  • May 9, 2013 9:19pm May 9, 2013 9:19pm
could have been, should have been etc etc etc....
i'm going to share a lesson that i learned today that cost me a few good trades
underneath is the EJ chart. notice i have a yellow trend line there and if you take 0.0 fibo line as another trend line,
you will see that this is a flag pattern.

A flag like this means price is consolidating and will most likely break up. Notice how the entire month EJ have been playing between 0.0 and 23.6 line
now not too long ago, one guy in EU forum told me, resistance is like a wall. Imagine taking a hammer to that wall day after day. It will eventually crumble

So if we take this fibo, and trendline, and the pattern. We should clearly see that EJ will most likely go up, and a long is a better position than a short.
Due to my thinking, i figured that EJ should go down specially with the not so encouraging news we have in EU. Which meant, i was trading a sentiment and not the PA. Which made me miss the most obvious sign that EJ is about to go long hard.

arrow no.1 point to a red bearish pin like candle. it means price goes down somewhere in that 4h timeframe but for whatever reason it was push back up strongly.
arrow no.2 point to the bullish candle that is much much stronger than any of the short candle. which means in my own translation, bull have much more power compared to bear.
now just that 2 candles in addition to the pattern and trendline itself should have light up an alarm. however, my alarm failed me lol As if it wasnt bad enough, TDI and stoch match up right on the start of the 2nd bull candle before the drive up. And, i ignored that too. all because i'm trying to trade what i think is there and not how the market behave.

So
lesson #1 Trust the price
lesson #2 Trust the system (since you have back tested it you should know if you can rely on it)
lesson #3 Be ready to adapt when the market move

P.S EJ is related closely to GJ and UJ. and when they move EU GU and AU also move so if you count all of them thats 6 trades i miss =.=
P.SS sorry if this long post sounds like a rant ;p
P.SSS any comment/advice are appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: eu4h e.gif Size: 46 KB
Daniel
  • #18,979
  • May 9, 2013 9:27pm May 9, 2013 9:27pm
unrelated to TMS--can anyone explain how to subscribe to signals that can be subscribed to on the terminal view at bottom of charts???
  • #18,980
  • May 9, 2013 10:23pm May 9, 2013 10:23pm
Quoting sfg7th
unrelated to TMS--can anyone explain how to subscribe to signals that can be subscribed to on the terminal view at bottom of charts???
When I click on SUBSCRIBE there is a pop up window; have you try that and then follow the instructions to REGISTER ?

Attached Image (click to enlarge)
Click to Enlarge Name: subscribe_3.png Size: 111 KB
It takes a lot for me to IGNORE you, but you can try.
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