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Trading Made Simple

  • #18,981
  • May 9, 2013 8:28pm May 9, 2013 8:28pm
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???
Of course, some may ask WHY Bother

SolidFX, high performance portfolio ? try Solid BS

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #18,982
  • May 9, 2013 8:33pm May 9, 2013 8:33pm
Fellow traders,

two more trades for me this week, both on H4.

1. EURUSD
I entered long after the bullish rotation and a bullish TDI cross. My initial TP was below the previous week's high, but as the price could not manage to break the Fib 61.8% and a doji was forming I closed the trade manually. As I entered the price was barely breaking the Fib 38.2%, it could have been a sign, that the momentum of the up move is limited.

2. EURAUD
Price is above trading time frame MA and higher time frame MA+bullish TDI cross+ HA candle close above Fib50% of previous week. I used also the channelling technique suggested by emmanuel :-), too. My TP1 was below the previous week's high. It is very interesting to see, that price has stalled again at Fib 78.6% after continuing the move. My TP2 is between Fib 127.2% and 138.2%. I was almost hit by 3 pips during the night. today I will not be able to follow the trade I will check it in the evening. My SL is set to positive so no risk in this trade any more.

Take care,
thrax
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD_H4_strategy name_20130510061358.gif Size: 26 KB
Click to Enlarge Name: EURUSD_H4_strategy name_20130510061801.gif Size: 27 KB
  • #18,983
  • May 9, 2013 9:56pm May 9, 2013 9:56pm
Quoting emmanuel7788
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...
Will be better to start new threat as Trading made simple with PASR . ANd in it describe what is PASR, RN, BRN etc for newbies to look up ,Even me Malcolm .
  • #18,984
  • May 9, 2013 10:00pm May 9, 2013 10:00pm
Quoting terminator12
{quote} Will be better to start new threat as Trading made simple with PASR . ANd in it describe what is PASR, RN, BRN etc for newbies to look up ,Even me Malcolm .
Hi Malcolm, Strat has already own thread.. http://www.forexfactory.com/showthread.php?t=155459
JacekPreserve Precious Capital
  • #18,985
  • May 9, 2013 10:02pm May 9, 2013 10:02pm
Hi greenB,
you and I had the same brain bypass for that EJ trade.thankfully I was in sim. But after looking at the trade loss I kept having the same question: Why did I think it would go short???
everything indicated long, but I simply did not look at the overall picture, just the very short term.
Something I asm trying to retrain the brain for.
MUST look at and take in the whole picture!!
  • #18,986
  • May 9, 2013 10:14pm May 9, 2013 10:14pm
Quoting emmanuel7788
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...
Hi Emmanuel,

Big E put importance on pasr so for me it is no problem, I will follow what ever you do as your advice is invaluable and I hope one day with experience I too can pass on my wisdom.

I would love to see experienced people post there trades live so we can see first hand in almost real time a trade going live.

Regards

Adam
  • #18,987
  • May 9, 2013 10:21pm May 9, 2013 10:21pm
Quoting rob Miller
Hi greenB, you and I had the same brain bypass for that EJ trade.thankfully I was in sim. But after looking at the trade loss I kept having the same question: Why did I think it would go short??? everything indicated long, but I simply did not look at the overall picture, just the very short term. Something I asm trying to retrain the brain for. MUST look at and take in the whole picture!!
Hi , same problem here first, ofter 9 winers loss on H4 here. And I do not have problem with this loss, but two problems appeared, I was stubborn to keep it until SL was hit, being blainded, didn't notice very nice, clasical entry in opposite direction... new sins to my collection....
Anyway it is very easy to justify "after". On my H1 chart where I have 8 pairs to follow since 1 of may noticed 44 nice entries, and I took only 7 of them. Do I need another pair of eyes..?
JacekPreserve Precious Capital
  • #18,988
  • May 9, 2013 11:20pm May 9, 2013 11:20pm
Good Morning guys, Yesterday I had the same problem with the Thread and I couldn't post or read new threads. But fortunately I managed to get 130pips out of the EJ breakout

Does anybody know of a good Multiple Time Frames Trend Indicator? I want to see on H4 chart what is the Trend on Higher Timeframes, cause I think that would be helpful. Any help appreciated.

Happy Trading!
  • #18,989
  • May 10, 2013 12:45am May 10, 2013 12:45am
Quoting bigpips
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 {image} 4H {image}
Great trade Bigpips! I have also had a good week with almost 10% and my current trade which I am thinking to hold longer term is on GBPUSD, especially if we get follow through today on daily!

Attached Image (click to enlarge)
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EMMANUEL:

Could be a good idea to start a PASR thread seeing as that is exactly what most of us are trading, just using TDI for confirmation. I think that is how Big E traded too...
@pawpaw1000 on Twitter
  • #18,990
  • May 10, 2013 12:47am May 10, 2013 12:47am
Quoting emmanuel7788
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.
Hi E,

Regarding your request, i don't know if "we SHOULD have a new thread" or keep discussing here PASR issues. Personally, I see PASR as a necessity, and as long as we keep the same format (HA and TDI) will be just fine discussing here. IMO, PASR will not fundamentally disturb this thread. But, if some old members or other voices will take this as a major TMS deviation, then a new thread is the right solution.
  • #18,991
  • May 10, 2013 12:57am May 10, 2013 12:57am
Quoting emmanuel7788
{quote} 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...
Hi Emmanuel,

I really appreciate your input. However, I prefer to lear it with real money and not play money as I will take it far more seriously. My experience with forex trading is just one day but I have 8 years of experience in the Dutch option trading. I have been a professional trader for 8 years but stopped due to the insane stress. I am now working in the fincial services industry.

I am not being arrogant but EUR 10K is not a huge amount for me and i can live with the fact losing all of it.

I will keep you all informed about my progress. For now, I dont see any good set ups.

Just another question, I was wondering where eelfranz is?

Kind regards,
Estupido
  • #18,992
  • May 10, 2013 1:00am May 10, 2013 1:00am
Quoting mierzyk
emmanuel7788, Considering TMS, can you please share your opinion what should be done in the following PA: GBP/USD H4 entry made on 16th of April 6:01 GMT First screenshot is taken at the time of opening position, 1 minute after 6:00 GMT. It looks even better than good. 4 hours later I see a reversal that changes TDI. Imagine the TDI after the bar named "possible exit" has closed. I remember was poiting steeply down giving decent short TDI bounce entry. At that point I have decided to bail my entire position, not allowing the price to hit my SL...
http://www.forexfactory.com/attachme...1&d=1368044441

Hi mierzyk,

Sorry I did not follow up yesterday to reply you. You know that this thread was locked up yesterday so no body could post anything.

But looking back into my journal, that trade setup was a good one but that trade did not run far. I do not see nay confluence of S&R except the BRN 1.5300. So there was no support for a Buy. There was a historcial MN resistance 1.53500/1.5360 on my chart.

The previous week before that was a breakout and then market went into consolidation. ,,, a doji W candle. I think there was some news event that week, but I cannot recall what it was. With previous week doji, the following days will be uncertain, so some trade setups will not run but still we can collect few pips if we manage like the way Big E does.

What is important is that we keep following the PA and get into rhythm with the market flow.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,993
  • May 10, 2013 1:10am May 10, 2013 1:10am
Quoting Estupido
{quote} Hi Emmanuel, I really appreciate your input. However, I prefer to lear it with real money and not play money as I will take it far more seriously. My experience with forex trading is just one day but I have 8 years of experience in the Dutch option trading. I have been a professional trader for 8 years but stopped due to the insane stress. I am now working in the fincial services industry. I am not being arrogant but EUR 10K is not a huge amount for me and i can live with the fact losing all of it. I will keep you all informed about my progress....

Hi Estupido,

Thanks for sharing your background.
I sense that too that Eur10K may not be a lot of money and you are not arrogant about that. I also agree trading with real money makes a lot of sense when you have already trading experience.
For me, seriously to trade for some decent income, the amount to start with is US$50k and I say that becasue I look at the % return for every 20 trading days. 10% return every 20 trading days using 4H trading method is something achievable.
We must learn pick out the A+++ type of setups and also to ride the breakouts and trends.

Sad to tell you that eelfranz passed away last year but his spirit remains with us in this thread. He left behind his legacy here for us.

Good Trading going forward from now.

Kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,994
  • May 10, 2013 1:18am May 10, 2013 1:18am
Quoting Jackub
{quote} Hi Malcolm, Strat has already own thread.. http://www.forexfactory.com/showthread.php?t=155459

Hi everyone,

Jackub posted that link to Strat thread here in FF.
For your benefit, Strat is a very good trading coach and he has his own website on PASR.
I learn most of the PASR stuff from his website and there is a well laid structure on Price Action which you need to learn and know. This will save us much time here that we have to share and discuss what PASR is.

It will take you a few months and learn from his website. No worries, spend the time there and it will be really worth the time spent.
By then, you will be as good as I am. ..some of you will be even better, I am sure of. I am 59 years old, I can do it, you can do it too.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,995
  • May 10, 2013 1:23am May 10, 2013 1:23am
Quoting pawpaw1000
{quote} Great trade Bigpips! I have also had a good week with almost 10% and my current trade ......

This is exactly what I mean ... 10% every 20 trading days for a start and then we aim to achieve 10% every 5 days (week)

It can be done folks. We can do it here using TMS 4H trading. It is all about Entries and Exits.

You need to believe it then only you can make that work for yourself. Without belief, nothing will work.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,996
  • May 10, 2013 1:25am May 10, 2013 1:25am
Quoting emmanuel7788
{quote} Hi Estupido, Thanks for sharing your background. I sense that too that Eur10K may not be a lot of money and you are not arrogant about that. I also agree trading with real money makes a lot of sense when you have already trading experience. For me, seriously to trade for some decent income, the amount to start with is US$50k and I say that becasue I look at the % return for every 20 trading days. 10% return every 20 trading days using 4H trading method is something achievable. We must learn pick out the A+++ type of setups and also...
Really sad to hear that he passed away.

Option trading is really different but I have indeed a good trading experience. As soon as I feel comfortable with this system its my intention to increase my capital. Yesterday I had really good lesson: Patience! Thats totally different in relation to the option trading.

Good trading for today and as soon as I see a good set up I will share it with you all to discuss.

Kind regards,
Estupido
  • #18,997
  • May 10, 2013 1:41am May 10, 2013 1:41am
Hi ALL,

Here is my EJ trade doen yesterday.
It is about PATIENCE and stalking this currency pair for months, weeks, and days.
Learn the market structure and identify the market type which I talked about in the recent weeks.
Also the Big Picture planning with MN and W S&R.

The chart below shows H4 and this is the back-bone of all my analysis. This trade was done using a combination of H1 and M15 for fine tuning entries. I use Multiple Entries for this trade to build up positions.

The initial entry was a H4 Ib breakout. You should see how the previous days were toppisch touching the previous week high...seen better on H1.
Remember the H4 channel I posted last week.
Can you see chart patterns on H4 and H1?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 19 9 May trades 10-5-2013 4-29-21 PM.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,998
  • May 10, 2013 1:45am May 10, 2013 1:45am
Hi All,

See below the EURGBP chart. If the TDI will bounce it looks like a good set up (only if it bounce so not now). Trend is bearish.

Any advice/comments?
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpmicroh4.png Size: 37 KB
  • #18,999
  • May 10, 2013 1:59am May 10, 2013 1:59am
Quoting Estupido
Hi All, See below the EURGBP chart. If the TDI will bounce it looks like a good set up (only if it bounce so not now). Trend is bearish. Any advice/comments? {image}
After reconsideration, not a good I idea as the support of 0.8430 has been tested sevreal time in the H1 chart before.
  • #19,000
  • May 10, 2013 2:02am May 10, 2013 2:02am
Quoting Estupido
Hi All, See below the EURGBP chart. If the TDI will bounce it looks like a good set up (only if it bounce so not now). Trend is bearish. Any advice/comments? {image}
http://www.forexfactory.com/attachme...1&d=1368175362

Here is my quick comment:

1) It is Friday, so not a good day to open any 4H swing trade today with G7 meeting going on.

2) We have not done our Big Picture planning for EURGBP. This will be our this weekend exercise to do together.

3) Look at your chart posted, what is the market type? It is quite clearn after that 6 and 17 down move. Week 18 and 19 condolidation and range is very small. Narrow range contracting triangle.

4) this MN S&R 0.8420 staring at us.

5) Weekly pivot this week is 0.8435 which is where PA is sitting on for many 4Hours.

6) The weekly traded range is between 135 and 155 pips. Last week was only about 93pips. This is one important factor I look at to pick a good A+ 4H trade. EG is $15per pip unlike EU, GU ... $10/pip.

I will wait till next week open and re-evaluate the Price Action.

Let's be patient with this one.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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