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Trading Made Simple

  • #20,161
  • Jun 1, 2013 11:16pm Jun 1, 2013 11:16pm
Hi TMS lovers and traders,

Learn How Professionals Traders trade and hunts your stops ....here

.... then do your charting work and prepare for next month and next week 4H trading.

Have a good Weekend.

Be Blessed.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,162
  • Jun 1, 2013 11:21pm Jun 1, 2013 11:21pm
Quoting Greenb
Emmanuel, have a question for you On Ej weekly chart, this week candle close, is it still visible to call it an IB or is it just an ordinary candle. If it is IB, to trade short i should wait for price to break previous week low? On GJ, last week completed a bearish engulfing. yest this week close with an IB. Trading scenario should be the same as EJ then ya? Short after 151.50 close? {image} {image}
Greenb,

nice weekend homework for me.

Will do and post later.

First I need my sleep then wake up later and work on Sunday. Promise you before London 1900 I get this done for you and all here because next will be an exciting trading week for EUR and GBP .... I want to see who will be the winner. Your EJ and GI charts both are very interesting for Price Action and chartist traders like me. Abeconomics phase One is about to end. Next comes phase Two.

Cheers!

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,163
  • Jun 2, 2013 4:50am Jun 2, 2013 4:50am
My AUD analysis tells me still , it has no clear direction...to me at least


or a reversal at most I see....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: June.13.AUD-D1.PNG Size: 48 KB
Click to Enlarge Name: June.13.AUD-W1.PNG Size: 44 KB
Attached Image
  • #20,164
  • Jun 2, 2013 7:56am Jun 2, 2013 7:56am
Quoting emmanuel7788
{quote} {quote} Hi guys, I do not know which currency pairs you look for trades today and if you trade 4H swing or H1 intraday. If you let know know, I can post some examples how you can look for trades and how we should approach the market starting from the beginning of the week and then every day by looking at the W and D with a top down approach. The TMS entry and exit rules are simple and very easy to learn and to follow. But the pre-requirements to trading is the preparation work and planning. Doing the prep work and having a trade plan is...

emmanuel7788,
I drilled down this nzd-usd pair the way you showed. So PA broke down the last monthly support (yellow-orange line). I should have entered at the next candle after the third vertical line. Now its too late as the tdi is under 32 and stoch oversold. I guess I wait after a retrace, there will be a bounce or a reversal from the very near blue weekly support.
Attached Image


Now I read BigE rules and it seems he traded intraday, so do I, on th H4 TF. To find a better timed entry I go down to H1 or M15. I trade the majors but my chart show several pairs with same currency to compare (nzd-jpy, nzd-usd, eur-nzd, for example)

sheers !
  • #20,165
  • Jun 2, 2013 9:46am Jun 2, 2013 9:46am
Quoting Greenb
Emmanuel, have a question for you On Ej weekly chart, this week candle close, is it still visible to call it an IB or is it just an ordinary candle. If it is IB, to trade short i should wait for price to break previous week low? On GJ, last week completed a bearish engulfing. yest this week close with an IB. Trading scenario should be the same as EJ then ya? Short after 151.50 close? {image} {image}

Hi Greenb,

Here completed first cut of my planning for EJ and GJ.
As it looks, EJ and GJ both are in consolidation but there is no reversal. My guess is we will be trading a wide ranging pairs next weekm and TMS with PASR works well.
Those IBs you spotted are there but trading them next week will not be easy.
For detail see the attached pdfs.

Go to go now, hurt my back last night and need to get some treatment.

Good Trading week ahead.
Attached File(s)
File Type: pdf EURJPY week 23 3 to 7 June 2013.pdf   252 KB | 676 downloads
File Type: pdf GBPJPY week 23 3 to 7 June 2013.pdf   207 KB | 578 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,166
  • Jun 2, 2013 9:52am Jun 2, 2013 9:52am
Quoting thewriter30
My AUD analysis tells me still , it has no clear direction...to me at least or a reversal at most I see.... {image} {image} {image}



Hi the writer30,

thanks for sharong your AU view.
I just did my and thought I share this with you.
Not much to forecast for AUD next week since there are several key date releases and it will be volatile pair next week. I usually see opportunities during the Asian seesion around the news release time. It will be mostly intraday trading for this pari for me. Keep close watch on the first 2 hour trading range when ASX opens .
Use that range to pick on breakouts before and after the news ralease.
See attached.

Good Trading next week.

Regards,
EMMANUEL
Attached File(s)
File Type: pdf AUDUSD week 23 3 to 7 June 2013.pdf   170 KB | 758 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,167
  • Jun 2, 2013 1:14pm Jun 2, 2013 1:14pm
Quoting emmanuel7788
{quote} Hi TheScorpS, There are different approaches to trading the markets. The concept of support and resistance is widely used so is the concept of Supply and Demand. There is no correct or wrong in eiother of the concept. There are so many availabel resources and books written on these subjects. But to get off with some basic understanding, babypips school is a good place to read up first. http://www.babypips.com/school/suppo...esistance.html The the next hard part is to practise how to indentify S&R or S&D. IMHO, there is no...
Hi Emmanuel

I read the link you provided about support and resistance from babypips and sure its a source that I go back to again and again, I would like to also thank you for continuing helping and teaching us in this thread, its lots of work on your shoulder and you are willing to give

The big picture PDF you provided helps a lot in understanding how to do a real planning for the pairs intended to be traded in the up coming week

Wishing you a soon recovery , take care
I Have Learned to Take Some Losses to Make Profits
  • #20,168
  • Jun 2, 2013 2:14pm Jun 2, 2013 2:14pm
Quoting emmanuel7788
{quote} Hi Greenb, Here completed first cut of my planning for EJ and GJ. As it looks, EJ and GJ both are in consolidation but there is no reversal. My guess is we will be trading a wide ranging pairs next weekm and TMS with PASR works well. Those IBs you spotted are there but trading them next week will not be easy. For detail see the attached pdfs. Go to go now, hurt my back last night and need to get some treatment. Good Trading week ahead. {image} {image}
Emmanuel,
thank you for sharing your analysis on those 2 pairs. Im expecting a progitable trading week from these 2.
specially since it has a nice wide range even if market decided not to trend yet.

also hope its only a minor injury. Get well soon

Greenb
Daniel
  • #20,169
  • Edited 4:37pm Jun 2, 2013 4:12pm | Edited 4:37pm
Hi all,
I came to the conclusion that I need to learn some more basics. This weekend I choose the candle patterns. As I am not good in learning at the computer I did some handicraft work and printed each pattern on a card: front side the pattern & backside the name and direction.
Feel free to adjust or directly use my attached document: just print it both-sided and cut it at the line. I recommend to use thick paper e.g. 200gr.

Cheers Bernhard



Attached File(s)
File Type: docx Candle_patterns_v4.docx   154 KB | 428 downloads
Attached File(s)
File Type: pdf Candle_patterns_v4.pdf   241 KB | 1,280 downloads
Attached File(s)
File Type: doc Candle_patterns_v4_word_2003.doc   194 KB | 415 downloads
  • #20,170
  • Jun 2, 2013 5:51pm Jun 2, 2013 5:51pm
Is there a trading manual?
Precisely when should I go in? Apart from the TDI green line crossing the red.

Furthermore, does anyone know what the significance of the Stoch and 5MA is in this strategy?

Thank you for your time.
  • #20,171
  • Jun 2, 2013 6:27pm Jun 2, 2013 6:27pm
Quoting emmanuel7788
{quote} Hi Greenb, Here completed first cut of my planning for EJ and GJ. As it looks, EJ and GJ both are in consolidation but there is no reversal. My guess is we will be trading a wide ranging pairs next weekm and TMS with PASR works well. Those IBs you spotted are there but trading them next week will not be easy. For detail see the attached pdfs. Go to go now, hurt my back last night and need to get some treatment. Good Trading week ahead. {image} {image}

Hi Emmanuel,

Thank you very much for the 2 pdfs . The charts I had made have some differences in the MN and D1 S and R lines, am I doing something wrong?
Also I ma not really sure how to create the FIb, have read babypis but am still a little confused, can you please give me an example,
such as you say Fib R 127%,
thanks,
Rosemary
  • #20,172
  • Jun 2, 2013 6:40pm Jun 2, 2013 6:40pm
Quoting BernhardA
Hi all, I came to the conclusion that I need to learn some more basics. This weekend I choose the candle patterns. As I am not good in learning at the computer I did some handicraft work and printed each pattern on a card: front side the pattern & backside the name and direction. Feel free to adjust or directly use my attached document: just print it both-sided and cut it at the line. I recommend to use thick paper e.g. 200gr. Cheers Bernhard {file}{image}{file}
I see you are very much abusing your newly gotten a3 printer
nice pdf btw. can i suggest changing the candlestick to bar chart? settings for apb is on bar chart
Daniel
  • #20,173
  • Jun 2, 2013 7:09pm Jun 2, 2013 7:09pm
Quoting Neon
Is there a trading manual? Precisely when should I go in? Apart from the TDI green line crossing the red. Furthermore, does anyone know what the significance of the Stoch and 5MA is in this strategy? Thank you for your time.
Hello Neon,

Welcome to this TMS thread.
There is no official trading manual for TMS. This thread is like a living document and has grown so huge that many will find hard to read from Post#1 and get this far.
When I have time (after I make my 500R this year) I probably will put together a small book on Trading Made Simple.
In the meantime, you have to make do with this pdf compilation ... here

Study that pdf after you have dowloaded that. Then ask any question here.

Good Learning.
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,174
  • Jun 2, 2013 7:15pm Jun 2, 2013 7:15pm
Quoting rosiew7
{quote} Hi Emmanuel, Thank you very much for the 2 pdfs . The charts I had made have some differences in the MN and D1 S and R lines, am I doing something wrong? Also I ma not really sure how to create the FIb, have read babypis but am still a little confused, can you please give me an example, such as you say Fib R 127%, thanks, Rosemary
Hi rosiew,

the difference may be due to different close pirces whcih Iuse to draw those S&R lines. I use ibfx au and theu have server time GMT+0.
Let me know whcih broker data and server time you use.

Here is a small explantion how to draw Fib retracement on any ttrading platform. See pic below.
Note for TMS 4H trading, I use manily the Prev Week Fibo -r and those additon levels mentioned as my S&R. Works great when we look for price behaviour at CONFLUENCE of Support and Resistance. Then everything else TMS comes into play with TDI, APB/HA and Stoch, and when all these fit like a puzzle, we take aim and we pull the trigger ....TIMING.

Good trading

EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: How to Draw Prev W Fib.png Size: 94 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,175
  • Jun 2, 2013 7:20pm Jun 2, 2013 7:20pm
How to Add more fib levels to your Fib-r using MT4 Fibo Tool:

Here is how your can do that.

Caution: If you use any some scripts which also uses the MT4 Fib Tool, it also changes the default and the last time memeory of this settings.

If you have this problem and need a solution, shout here.

Trade Well.

EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: Fibo Tool add levels .png Size: 100 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,176
  • Jun 2, 2013 7:25pm Jun 2, 2013 7:25pm
Here are two indicators which will draw the Prev W and Prev D fibo for you. These work good when you do you back-testing and these fibo levels are there in history for you to analyse and do manual back-testing. Just pay attention to how price behaves around support and resistance and CONFLUENCE of several S&R price levels.

Prev W Fib download

Rrev D Fib download

Please provide feedback on these two indicators and any suggestins for improvements. Thank you.

Enjoy!

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,177
  • Edited 7:46pm Jun 2, 2013 7:35pm | Edited 7:46pm
AU 3 jun Monday Opening:

Ahead of the Retails Sales data, AU open higher and the price gap is evident. Forecast says better retail sales , should this turn out otherwise, we shall see how the initial market knee jerk reaction is like and than then look for the intraday setup.
Attached Image (click to enlarge)
Click to Enlarge Name: AU H1 24 Jun Monday open 3-6-2013 8-28-57 AM.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,178
  • Jun 2, 2013 8:46pm Jun 2, 2013 8:46pm
Quoting emmanuel7788
AU 3 jun Monday Opening: Ahead of the Retails Sales data, AU open higher and the price gap is evident. Forecast says better retail sales , should this turn out otherwise, we shall see how the initial market knee jerk reaction is like and than then look for the intraday setup. {image}
well retail sales is out at 0.2% under the forcasted but way better than last month. prob an hour or 2 before the market chew up the data and decide where to go. also its running in the middle of 4h range of last week.
Daniel
  • #20,179
  • Jun 2, 2013 9:10pm Jun 2, 2013 9:10pm
First of all, good morning ( 5 AM here ) , and i wish everyone a great week.

Emmanuel, i have 1 question. I've been re-reading Phx62's studies , showing his trades on e/u. His setups look really good, but i don't seem to find equally good setups in the last 2-3 months.

Am i looking for moves that are too big, or has the e/u slown it's pace ?
  • #20,180
  • Jun 2, 2013 10:04pm Jun 2, 2013 10:04pm
Quoting Vladbold
First of all, good morning ( 5 AM here ) , and i wish everyone a great week. Emmanuel, i have 1 question. I've been re-reading Phx62's studies , showing his trades on e/u. His setups look really good, but i don't seem to find equally good setups in the last 2-3 months. Am i looking for moves that are too big, or has the e/u slown it's pace ?
EU has not slow down to the point where there is no good setup in the last 2-3 months. matter of fact there was at least 4 setup last week alone totaled to 350 pips.
That said, you will need to go back to the drawing board (your chart) and restudy them. Or better yet post your chart and let us know how you cant identify them.

Greenb
Daniel
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