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Trading Made Simple

  • #19,841
  • May 26, 2013 10:47pm May 26, 2013 10:47pm
Quoting emmanuel7788
{quote} so few members tried this quiz... {image}
If following the TDI rules, exit as the RSI Price Line crosses back through the Up Zone
"To live with Passion, it takes Courage and Grace to survive"
  • #19,842
  • May 27, 2013 12:05am May 27, 2013 12:05am
Hello All!
could anyone kindly help me with a weekly ADR indicator and what seeting do i need to change for platfrom that is GMT+2.
Thanks
Enter Signature
  • #19,843
  • May 27, 2013 12:48am May 27, 2013 12:48am
Quoting kbforex
Hello All!could anyone kindly help me with a weekly ADR indicator and what seeting do i need to change for platfrom that is GMT+2.Thanks
+Good morning KBforex, maybee you missed post 19800 or that isn't what you are looking for ?
  • #19,844
  • May 27, 2013 12:51am May 27, 2013 12:51am
Quoting emmanuel7788
{quote} so few members tried this quiz... {image}
I would exit on 6, when the price goes lower than the low of candle 5.
  • #19,845
  • May 27, 2013 1:34am May 27, 2013 1:34am
out on candle 5.
Roll over on the TDI.
Long upper wick could indicate buyers exhaustion.
  • #19,846
  • May 27, 2013 1:37am May 27, 2013 1:37am
Weekly goal: Approach tms simply again. Look at daily high low, LO price ation and TDI in overbought/oversold zones
  • #19,847
  • May 27, 2013 2:21am May 27, 2013 2:21am
Quoting emmanuel7788
Exit question: Here is your Saturday night quiz before I go out to party this wild Sat night. Tell me which candle will you exit this trade example. See chart below. Just give me the candle number and your reason(s). Try it first and before I post the next lesson on Exit Management using PA. {image}

Hi Emmanuel,

I will try - I would probably exit half at Candle #1 as the green line of TDI starts to tweak and the remaining half leave until candle #4 when green line of TDI turns down ,
Regards,
Rosemary
  • #19,848
  • May 27, 2013 3:06am May 27, 2013 3:06am
Quoting rosiew7
{quote} Hi Emmanuel, I will try - I would probably exit half at Candle #1 as the green line of TDI starts to tweak and the remaining half leave until candle #4 when green line of TDI turns down ,Regards,Rosemary
That sounds pretty good
  • #19,849
  • May 27, 2013 3:09am May 27, 2013 3:09am
Hi Everyone,

Thank you to everypne who took the time and responded to the Exit quiz. Reading all the responses, I see you all have learned TMS trading basics and applied them according to what you see in the scaled downn chart.

Here is my 'answer' to that quiz.

I tried to type my post but since FF made some changes to its editor last week it is no fun to type so much in ths small post reply window.

I therefore made pdf of the Exit quiz question for you. Hope you pick up some lessons from it.

Note: market is thin today due to the bank holidays in the UK and US, so pick your pairs carefully and better trade the lower TF.

Regards,

EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: Exit question.png Size: 27 KB
Attached File(s)
File Type: pdf Exit quiz.pdf   182 KB | 1,161 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,850
  • May 27, 2013 3:10am May 27, 2013 3:10am
trading plan this week

Practice identifying Pullback candles and inside bar formations. Record sucess rate.
Practice identifying 68/32 overbought/sold zones
  • #19,851
  • May 27, 2013 3:12am May 27, 2013 3:12am
Quoting emmanuel7788
Hi Everyone, Thank you to everypne who took the time and responded to the Exit quiz. Reading all the responses, I see you all have learned TMS trading basics and applied them according to what you see in the scaled downn chart. Here is my 'answer' to that quiz. I tried to type my post but since FF made some changes to its editor last week it is no fun to type so much in ths small post reply window. I therefore made pdf of the Exit quiz question for you. Hope you pick up some lessons from it. Note: market is thin today due to the bank holidays in...
nice. very nice
  • #19,852
  • May 27, 2013 3:12am May 27, 2013 3:12am
Quoting rosiew7
{quote} Hi Emmanuel, I will try - I would probably exit half at Candle #1 as the green line of TDI starts to tweak and the remaining half leave until candle #4 when green line of TDI turns down ,Regards,Rosemary
rosiew,

For someone who is new to trading, this is by far the best answer I have read. You will trade H1 intraday very well once you know why you are doing this.
Read my pdf posted above.
thanks.

regards
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,853
  • May 27, 2013 3:16am May 27, 2013 3:16am
Here is an example trading H1 today on EU.

Trying out a new script to draw the Enrty price, SL and TP using ATR instead of fix number of pips.
the initial SL R is 1.5 times the ATR(10)
Attached Image (click to enlarge)
Click to Enlarge Name: EU week 22 27 May H1 trade 27-5-2013 3-59-19 PM.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,854
  • May 27, 2013 3:41am May 27, 2013 3:41am
Quoting emmanuel7788
Here is an example trading H1 today on EU. Trying out a new script to draw the Enrty price, SL and TP using ATR instead of fix number of pips.the initial SL R is 1.5 times the ATR(10) {image}
Hi Emmanuel, I am finally back in town and restart with trading tomorrow. Reagrding your above picture of the EUR/USD would it not better to wait to see what happens on the Prev Fib D 50% level (see my chart)? I know you only posted it as an example but would like to know your opinion re the 50% level as resistance.

Thanks in advance!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 33 KB
  • #19,855
  • May 27, 2013 3:56am May 27, 2013 3:56am
Quoting Estupido
{quote} Hi Emmanuel, I am finally back in town and restart with trading tomorrow. Reagrding your above picture of the EUR/USD would it not better to wait to see what happens on the Prev Fib D 50% level (see my chart)? I know you only posted it as an example but would like to know your opinion re the 50% level as resistance. Thanks in advance! {image}

yes, that Prev D Fib50% may play as resistance to this trade. That is one risk of this trade, but there is no other resistance nearby to show CONFLUENCE.
There is enough room for TP1 and BE trade.
The support below is pretty good with historical 1.2930, plus Prev W Fib 50%, WPv asll below today opening. But market is thin today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,856
  • May 27, 2013 4:00am May 27, 2013 4:00am
Quoting emmanuel7788
{quote} yes, that Prev D Fib50% may play as resistance to this trade. That is one risk of this trade, but there is no other resistance nearby to show CONFLUENCE.There is enough room for TP1 and BE trade.The support below is pretty good with historical 1.2930, plus Prev W Fib 50%, WPv asll below today opening. But market is thin today.
Thank you Emmanuel, i will strat with trading tomorrow and wait for today due to the thin market. Today will be a study day.
  • #19,857
  • May 27, 2013 6:11am May 27, 2013 6:11am
Quoting emmanuel7788
{quote} rosiew, For someone who is new to trading, this is by far the best answer I have read. You will trade H1 intraday very well once you know why you are doing this.Read my pdf posted above.thanks. regardsEMMANUEL

Thank you, Emmanuel.
  • #19,858
  • May 27, 2013 8:41am May 27, 2013 8:41am
Did anybody make a decision on W bias for pairs based on todays trading?
  • #19,859
  • May 27, 2013 8:43am May 27, 2013 8:43am
GU 27 May example:

If not for the bank holidays and low market liquidity, this GU setup would be good to take a trade.
H1 show a good momentum clsing candle when NYO
H4 APB candle #1 close, possible entry on candle#2.
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 22 27 May NYO 27-5-2013 9-35-15 PM.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,860
  • May 27, 2013 8:57am May 27, 2013 8:57am
Quoting irishtoffy
Did anybody make a decision on W bias for pairs based on todays trading?
this is what I see on Weekly charts:
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly multi-charts.png Size: 126 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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