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Trading Made Simple

  • #19,621
  • May 22, 2013 9:37pm May 22, 2013 9:37pm
Quoting emmanuel7788
{quote} I therefore would exepct to see the Fib 127% and 161% as my potential targets. And these are within the average traded raneg of the past 20 and 100 weeks...EWMMANUEL {image}
Darn,
I am dead sure I downloaded the" previous week fibs" indicator, but now cannot remember what it is called properly and therefore cannot attach it to charts now. Would someone be kind enough to remind me what it is called (the one in Emmanuel's chart) so that I could look it up in the indicators' pages.

Thank you very much!
  • #19,622
  • May 22, 2013 9:41pm May 22, 2013 9:41pm
Quoting Phx62
Three EJ trades today....the first was an H1 trade taken at LO. The other two were M15 trades taken following pullback bar patterns with TDI green crossing over red (and yellow on the first M15 trade) and both leaving the overbought/oversold areas. The second M15 trade was running out of steam, so I exited manually.{image} {image}
Hi Phx62,

Those are a good trades.

In your previous post ''the second M15 trade was running out of steam, so I exited manually'', how you know the trade was running out of steam?

Appreciate for your advice,
Prominent88
  • #19,623
  • May 22, 2013 10:07pm May 22, 2013 10:07pm
Quoting MidnightRun
{quote}Darn,I am dead sure I downloaded the" previous week fibs" indicator, but now cannot remember what it is called properly and therefore cannot attach it to charts now. Would someone be kind enough to remind me what it is called (the one in Emmanuel's chart) so that I could look it up in the indicators' pages. Thank you very much!
Prev W Fib

here 2 things you can do with your PC mouse:

1) see pic below.

2) http://www.forexfactory.com/attachme...mentid=1160660
Attached Image (click to enlarge)
Click to Enlarge Name: FF Forum Paper Clip2 .png Size: 161 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,624
  • May 22, 2013 10:22pm May 22, 2013 10:22pm
Market 23 May:

Today will be the black day of this month.

This morning Tokyo session is interesting.

China PMI fell ... so poor aussie goes lower.

Later will be France and German PMI, it won't be good .... anyway.

So EU sinks deeper as the Bears started feeding at their favourite ground last night.... Prev W Fib 50%
but rallies against weaker AUD and NZD.

Then next will come UK GDP data ...

Same story, Bears started feeding at Prev W Fib 50% and already sank 265pips to Prev W Fib 161% ... exceeded its weekly traded raneg of 245 and 255.

where is Support? or Demand?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,625
  • May 22, 2013 11:07pm May 22, 2013 11:07pm
Hi,

two H4 trades for me this week.

1. EURAUD H4
As price was above the MA of Hihger Time Frame and Trading Time Frame and a bullish TDI occurred and price was bouncing from previous week's Fib 61.8 plus price moving in rising chanel I entered long. TP1 was set jut below previous week's high and I after that SL set to BE. TP2 was closed manually above RN 1.32500 (I should just let it run...) and the TP3 was set between Fib 127.2 and 138.2 and was hit during night.

2. USDCAD H4
As price was above the MA of Hihger Time Frame and Trading Time Frame. On 20 May price was bouncing from previous week's Fib 61.8 and then stalled for a while at Fib 78.6 and a bullish TDI occurred plus price moving in rising chanel I entered long. TP1 was set jut below previous week's high and I after that SL set to BE. Shortly after hit TP1 SL was hit and later price moved in the original direction and is now between Fib 127.2 and 138.2.

Therw were two more beautiful trade opportunities this week on AUDUSD and GBPUSD but I missed them.

I recognized that after price bounces off from Fib 61.8 and after stalling at Fib 78.6 in many cases it makes a move up to Fib 100 and then up to between Fib 127.2 and 138.2. I am sure it is nothing new in trading but when someone realizes it after back and foreward testing him/herself it is more convincing.

take care,
thrax
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD_H4_strategy name_20130523062403.gif Size: 26 KB
Click to Enlarge Name: USDCAD_H4_strategy name_20130523062356.gif Size: 23 KB
Click to Enlarge Name: AUDUSD_H4_strategy name_20130523063151.gif Size: 23 KB
Click to Enlarge Name: GBPUSD_H4_strategy name_20130523064252.gif Size: 24 KB
  • #19,626
  • May 22, 2013 11:11pm May 22, 2013 11:11pm
Quoting emmanuel7788
Market 23 May: Today will be the black day of this month. This morning Tokyo session is interesting. China PMI fell ... so poor aussie goes lower. Later will be France and German PMI, it won't be good .... anyway. So EU sinks deeper as the Bears started feeding at their favourite ground last night.... Prev W Fib 50%but rallies against weaker AUD and NZD. Then next will come UK GDP data ... Same story, Bears started feeding at Prev W Fib 50% and already sank 265pips to Prev W Fib 161% ... exceeded its weekly traded raneg of 245 and 255. where is...
Thank you for sharing this Emmanuel. This means extra planning required (more coffee). Lots of pips to catch.
Daniel
  • #19,627
  • May 22, 2013 11:11pm May 22, 2013 11:11pm
Quoting Prominent88
{quote} Hi Phx62, Those are a good trades. In your previous post ''the second M15 trade was running out of steam, so I exited manually'', how you know the trade was running out of steam? Appreciate for your advice,Prominent88
The candle I exited on did not break the high of the previous candle and was pulling back and more importantly, the NY session was ending and there is normally very little volume following that close.
  • #19,628
  • May 23, 2013 12:23am May 23, 2013 12:23am
Quoting thrax
Hi, two H4 trades for me this week. 1. EURAUD H4As price was above the MA of Hihger Time Frame and Trading Time Frame and a bullish TDI occurred and price was bouncing from previous week's Fib 61.8 plus price moving in rising chanel I entered long. TP1 was set jut below previous week's high and I after that SL set to BE. TP2 was closed manually above RN 1.32500 (I should just let it run...) and the TP3 was set between Fib 127.2 and 138.2 and was hit during night. 2. USDCAD H4As price was above the MA of Hihger Time Frame and Trading Time Frame....
thanks for sharing your trades thrax.

when trading H4, we must always look at the Weekly OHLC and know the weekly traded range. This will help us in project our TPs and also know where the CONTINUATION of the trend will go to.

Some weeks will be narrower range and therefore we trade according to the Weekly Price Action as the Primary Trend and wait for the breakout of the previous week' high or low and target the Prev W Fib 127% and 161%.

When we see that the previous week range is wider than the average, then the breakout will not be that big so we target Fib127% for our planning purpose.

However, we follow the H4 PA and observe the candle sizes to see the volatility and the momentum.

Remember, TMS is Trend trading method. Trading will become difficult when market goes into narrow range. This is why I emphasize on looking at the weekly and daily charts in our trade planning.

Hope this helps.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,629
  • May 23, 2013 1:06am May 23, 2013 1:06am
Quoting emmanuel7788
{quote} Here is my trade update for EUNNZD.Market is strong trending now, so where will it head to?My job as a trader is to look after the downside of my trades and let the market decide the upside. {image} {image}
My Trade update:
So far taken 2 pos out at profits +84 pips and + 173pips.
Leave remaining pos to run and see if it will hit Fib 161%.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZD Week 21 H4 trade update 2 23-5-2013 7-21-50 AM.png Size: 56 KB
Click to Enlarge Name: EURNZD week 21 H4 trade update 2 TP2 23-5-2013 1-56-06 PM.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,630
  • May 23, 2013 1:06am May 23, 2013 1:06am
PIP the whistle blow.
shorting EU atm
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h22-5-2013.gif Size: 68 KB
Daniel
  • #19,631
  • May 23, 2013 1:13am May 23, 2013 1:13am
Quoting thewriter30
I was thinking this for a while. It'd be great to use skype and be all in conference. Would be interesting to hear people thoughts....or a live chat in skype... trading is lonely!
thewriter30,

Well, looks like nobody is interested to any skype room idea.
I have my own Live Trading Room with my own team.
So I don't have time for a bigger group of people here.

I post here hoping to keep the TMS familiy spirit alive and help some people.
Overall, looking at the number of people posting and sharing here, there isn't a lot of interest in TMS anyway.

Thanks for posting this skype room idea.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,632
  • May 23, 2013 1:15am May 23, 2013 1:15am
Quoting Greenb
PIP the whistle blow.shorting EU atm {image}
1.28000 here we come soon...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,633
  • May 23, 2013 1:30am May 23, 2013 1:30am
Quoting emmanuel7788
{quote} 1.28000 here we come soon...
i am rather regretting myself for not looking at EJ at this moment...if i had stick with 4h i would be calling it an early night right about now...
oh well, gonna make the best of this EU trade. Hopefully its a 150pips + day for EU also.

EDIT: i hope you cleared out your EJ long yesterday?
Daniel
  • #19,634
  • May 23, 2013 1:37am May 23, 2013 1:37am
Quoting Greenb
{quote} i am rather regretting myself for not looking at EJ at this moment...if i had stick with 4h i would be calling it an early night right about now...oh well, gonna make the best of this EU trade. Hopefully its a 150pips + day for EU also. EDIT: i hope you cleared out your EJ long yesterday?
EJ:

Yes, did tighten my stops last night before Kuroda started his lecture. Will post my update later when I get logon to my VPS again once I get a permanent internet connection going.

You trade well today. No time for fear, no need for greed. Just take what the market gives, give thanks and walk away.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,635
  • May 23, 2013 1:48am May 23, 2013 1:48am
Quoting emmanuel7788
{quote} EJ: Yes, did tighten my stops last night before Kuroda started his lecture. Will post my update later when I get logon to my VPS again once I get a permanent internet connection going. You trade well today. No time for fear, no need for greed. Just take what the market gives, give thanks and walk away. Trade Well.
likewise
Daniel
  • #19,636
  • May 23, 2013 2:59am May 23, 2013 2:59am
Quoting emmanuel7788
{quote} My Trade update:So far taken 2 pos out at profits +84 pips and + 173pips.Leave remaining pos to run and see if it will hit Fib 161%. {image} {image}
Hi Emmanuel7788,

How to open the ATR window in the left corner of your chart?

I find that the ATR window is very usefull in determining my trade TP and SL.

Thanks,
Prominent88
  • #19,637
  • May 23, 2013 3:01am May 23, 2013 3:01am
Quoting emmanuel7788
{quote} thewriter30, Well, looks like nobody is interested to any skype room idea.I have my own Live Trading Room with my own team.So I don't have time for a bigger group of people here. I post here hoping to keep the TMS familiy spirit alive and help some people. Overall, looking at the number of people posting and sharing here, there isn't a lot of interest in TMS anyway. Thanks for posting this skype room idea. regards,EMMANUEL
emmanuel, and all, thanks for keeping TMS alive. Somehow I only recently discovered this thread, and find it to be one of the true gems on FF. I've been around "these parts" for sometime, but almost never post and prefer to keep to the shadows. Over the years, I've seen a number of good threads get derailed and then go south...but not this one....My hats off to BigE.....I've been reading the thread both backwards and forward....emmanuel, thanks for your clear in depth analysis.
  • #19,638
  • May 23, 2013 3:05am May 23, 2013 3:05am
Hi everyone,

I was reading the posts and read Emmanuel wanting people to post trades.

Heres a couple recently Ive been in.

Up 1.5% for the month...not good I Know...But Ill stick at it until the end of the month.......

Notice my NU trade was stopped out TO THE PIP.....but no conspiracy theories here LOL...

W99
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU.GIF Size: 27 KB
Click to Enlarge Name: NU.GIF Size: 21 KB
  • #19,639
  • May 23, 2013 3:10am May 23, 2013 3:10am
Quoting emmanuel7788
{quote} thewriter30, Well, looks like nobody is interested to any skype room idea.I have my own Live Trading Room with my own team.So I don't have time for a bigger group of people here. I post here hoping to keep the TMS familiy spirit alive and help some people. Overall, looking at the number of people posting and sharing here, there isn't a lot of interest in TMS anyway. Thanks for posting this skype room idea. regards,EMMANUEL
Hi Emmanuel7788,

Thanks for your help all this while. Really appreciate that.

I improve a lot on TMS trading style after all of members here giving precious advice and from your analysis & chart training.

I very less posting here because I am actually busy with my full time job, I am only available to see the thread when I am free and most of the time is my night time.

Regards,
Prominent88
  • #19,640
  • May 23, 2013 3:27am May 23, 2013 3:27am
Hey Emmanuel, don't be disappointed. We are Here. If we don't post so much is because, at least for me, I don't want to give false information to other, since I am very new at this and trying to learn, most of the time, from my mistakes.

Keep up the good work
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