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Trading Made Simple

  • #20,001
  • May 29, 2013 7:38am May 29, 2013 7:38am
Quoting irishtoffy
Waiting to trade the breakout of these last 6 1H candles, as they seem in a tight 60 pip range. Plus 11:00 candle was a doji with long wicks indicating indecision about where to go.. What do you guys think? {image}
Absolutely, hopefully this 130.75 R will break, maybe after a slight pullback first.
  • #20,002
  • Edited 8:03am May 29, 2013 7:50am | Edited 8:03am
Quoting Gizzledonk
{quote} That's exactly what the TMS system is all about, clean and simple charts, minimum chance of confusion maximum chance of profit,I still think BigE's original and simple setup is the best. Using the simple setup, my practice account is +160 pips for today and my live account is +100 and I'm thinking of calling it a day already. Today is a good day, but anyone following the rules can do at least this well. practice, wait, practice, wait a bit more and get the A*** trade. Andy. {image}
Congratulation! I also want to share my happy pips today... money money money

Trade well,
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  • #20,003
  • May 29, 2013 7:55am May 29, 2013 7:55am
Inserted Video
  • #20,004
  • May 29, 2013 7:57am May 29, 2013 7:57am
EUR / JPY

Looking at daily chart , PA is sitting at trend-line and EMA 20

PA is consolidating for a while at RN 131, weekly is down, daily is down and the 4H chart is in a down trend
Attached Image (click to enlarge)
Click to Enlarge Name: 5-29-2013 3-56-43 PM.jpg Size: 254 KB
I Have Learned to Take Some Losses to Make Profits
  • #20,005
  • May 29, 2013 7:58am May 29, 2013 7:58am
Quoting emmanuel7788
{quote} Hi gegeorge there is MPTM whcih I use for few years already, well tested with many users worldwide, works great with multiple entries and manages as a basket of trades. here is the link to post#16,161...http://www.forexfactory.com/showthre...28#post6513628 regardsEMMANUEL
OK Emmanuel, Thank a Lot
  • #20,006
  • May 29, 2013 8:05am May 29, 2013 8:05am
Quoting irishtoffy
Waiting to trade the breakout of these last 6 1H candles, as they seem in a tight 60 pip range. Plus 11:00 candle was a doji with long wicks indicating indecision about where to go.. What do you guys think? {image}
have been following this one on H4,
Neither the daily of the weekly are showing any real interest in doing much so I'll only be on my practice account this time.
The green TDI moving up strongly through the middle TDI and then producing a solid cross with the red might tempt me to the live account but with not a lot going on the longer tf's I'll be watching it and setting a modest tp.
Attached Image
Don't ask me, I have no idea what's going on.
  • #20,007
  • May 29, 2013 8:38am May 29, 2013 8:38am
Hello,

Wanted to ask ou guys a question about a possibile AUDUSD trade setup.
What would you do in case the setup on 1h chart is about to tell me to go short but on 4H chart the there is a long signal? Please see the charts below.
Thanks for your answer
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audusdh4.png Size: 70 KB
  • #20,008
  • May 29, 2013 8:59am May 29, 2013 8:59am
Quoting gigicualex
Hello, Wanted to ask ou guys a question about a possibile AUDUSD trade setup.What would you do in case the setup on 1h chart is about to tell me to go short but on 4H chart the there is a long signal? Please see the charts below.Thanks for your answer {image} {image}
hello gigicualex,
you need to decide which of the three different trends you want to trade.
see pic below.
Attached Image (click to enlarge)
Click to Enlarge Name: AU question NY 29 May 29-5-2013 9-51-45 PM.png Size: 131 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,009
  • May 29, 2013 11:08am May 29, 2013 11:08am
Quoting emmanuel7788
{quote} hello gigicualex, you need to decide which of the three different trends you want to trade.see pic below. {image}
Thank you Emmanuel. The small picture on top of the charts said everything. I guess I'll stay on the sidelines for the moment. Going long on 4h chart is against the trend(main Daily trend) although there is a bullish div present on all TFs.
  • #20,010
  • May 29, 2013 11:22am May 29, 2013 11:22am
3 trades tonight
not so nice 2 trades on EJ where i got ping pong and comes out with a -39 pips loss
1 trades on EU opened 1.28708 tp 1.29500 that brings in +79.2 pips

on another trade on EU short 1.29412
reason: pullback after a fail break of yesterday 127% fib
1.295 is a good r/s


all trades taken on 1H TF
Daniel
  • #20,011
  • May 29, 2013 5:14pm May 29, 2013 5:14pm
Hello !


Quote
Quoting BernhardA

counter trend is not my friend!!!

the cross of TDI has been several bars befor

angel is to flat for me at the first green candle (the second looks better) - have a look at the "TMS-clock":

thanks BernhardA, for this very clear explanation of why you would not have taken the aud-chf trade. Seems such an easy decidion in your hands. It comforted my own.

----------------


Quote
quoting Emmanuel7788
AUDCHF - I don't trade this pair. Matter of fact I stopped trading the CHF cross pair since that time when it was peg to EUR 1.200. I still trade USDCHF. but I stay away when SNB announcement and their interventions are usually very brutal to traders who are not aware of its annoucements.

Anyway, since you posted AUDCHF, I took a few minutes and do the Big Picture......


Thanks Emmanuel7788
You're giving me a real course in ‘Big Picture’. I’ll read your posts this week-end.


Really great to get all this help

sdff
  • #20,012
  • May 29, 2013 5:58pm May 29, 2013 5:58pm
GBPUSD 30 May Asian time

GU D closing looks interesting with a D bullish engulfing candle.
On H4, we see a double bottom cart pattern.
Interesting I thought as we are in the last 2 trading days for this month and technically I guess that we are trading the shadow of the Monthy candle with a historical support 1.5160 region..
The day range is wide enough for for intraday trading both to sell and buy with small profit ~ 50pips.
H4 show up a DIB (double inside bar) so this i the type of setup I like to see and trade.
Watchout the news/data release hours.

Good Trading day to all. Close the month with some green pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 30 May pre_TOK open 30-5-2013 6-43-21 AM.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,013
  • May 29, 2013 6:36pm May 29, 2013 6:36pm
Quoting emmanuel7788
. Close the month with some green pips. {image}


so far pips going good.
Attached Image
  • #20,014
  • May 29, 2013 8:33pm May 29, 2013 8:33pm
EURUSD Trade still partially open from 29/05(Wed)
Took 1% out at 1R

Attached Image (click to enlarge)
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  • #20,015
  • May 30, 2013 12:11am May 30, 2013 12:11am
Quoting bigpips
EURUSD Trade still partially open from 29/05(Wed)Took 1% out at 1R {image}
bigpips,

very good trade, well taken on APB/Ha candle #2.
manage well to final TP.
expect some pause near Prev W High and BRN 1.3000

Good Trading,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,016
  • May 30, 2013 12:16am May 30, 2013 12:16am
Quoting 0Bid
{quote} so far pips going good. {image}
http://www.forexfactory.com/attachme...1&d=1369870493


CONGRATS! OBid,

Please post some trades charts to help our new traders here.

10% per week / 5 trading days is excellent.
Every TMS trader should work hard to achieve this 10% profit cycle.
It can be done.
Start with 10% per 20 days trading cycle as initial goal.
Then work towards gradually down to 15 trading days, then to 10 trading days, ...

Trade Well,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,017
  • Edited 12:42am May 30, 2013 12:19am | Edited 12:42am
Quoting emmanuel7788
GBPUSD 30 May Asian time GU D closing looks interesting with a D bullish engulfing candle.On H4, we see a double bottom cart pattern.Interesting I thought as we are in the last 2 trading days for this month and technically I guess that we are trading the shadow of the Monthy candle with a historical support 1.5160 region..The day range is wide enough for for intraday trading both to sell and buy with small profit ~ 50pips. H4 show up a DIB (double inside bar) so this i the type of setup I like to see and trade.Watchout the news/data release hours....
http://www.forexfactory.com/attachment.php?attachmentid=1203142&stc=1&thumb=1&d=1369868252


GU 30 May.

GU broke up of TOK_5H ...this is good sign!
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 22 30 May TOK 30-5-2013 1-37-19 PM.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,018
  • May 30, 2013 12:56am May 30, 2013 12:56am
not sure this is a good set up on EU.
that look like long wick

also looks like top of range on 4h tf
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h29-5-2013.gif Size: 71 KB
Daniel
  • #20,019
  • May 30, 2013 1:05am May 30, 2013 1:05am
Quoting Greenb
not sure this is a good set up on EU.that look like long wick also looks like top of range on 4h tf {image}

the current H4 is not yet close.
the current price pullback is reaction to prev D high...
but the prev H4 candle looks like a good UPthrust price bar.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,020
  • May 30, 2013 1:07am May 30, 2013 1:07am
GU UPthrust price bar example
Attached Image (click to enlarge)
Click to Enlarge Name: GU UPthrust bar example 30-5-2013 1-56-24 PM.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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