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Trading Made Simple

  • #20,501
  • Jun 12, 2013 1:09am Jun 12, 2013 1:09am
Quoting emmanuel7788
{quote} hi pinux76, Take a look at D and W TDI. Market is trending for 2 weeks. I am trading trading the weekly open and since D TDI is bullish , I can build up my positions gradually during the retracement. I dont have to wait for TMS 4H setups as I may not have the time to look every 4-hour intervals. Whenever I have time to login and check, I look in lower TF charts like H1 and M15, look for support levels to add-in positions as market move. I don't look for TDI cross in lower TF. I play with overall average entry price. The concept in building...

thanks emmanuel7788 i'll study better the main trend
the problem was non the multiply entry and exit
but my neuron how to determinate and use better the high TF for the trend

thanks thanks
  • #20,502
  • Jun 12, 2013 1:19am Jun 12, 2013 1:19am
Quoting pinux76
{quote} thanks emmanuel7788 i'll study better the main trend the problem was non the multiply entry and exit but my neuron how to determinate and use better the high TF for the trend thanks thanks
You recall on Monday I posted and ask everyone to post their charts for EU and GU and to draw the Day OHLC for last week.
When we see the Day candles open and Close, we also see the bull and bear candle range and strength. This is how we can avoid taking 4H countrend trades which several failed in week 22 and 23 if we pay more attention to D OHLC.

Unfortunatley, I don't see many TMS traders use this higher TF approach and they simply take every 4H TDi cross and suffer the stress when market turn against their trades.

As many have pointed out that 4H TMS trading is simple, but we must determione the Primary Trend to trade and not just follow TDI cross for 4H entry and exit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,503
  • Jun 12, 2013 1:23am Jun 12, 2013 1:23am
My Gbp/usd chart for today. Weekly trendline is holding the price from going up.
Attached Image (click to enlarge)
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  • #20,504
  • Jun 12, 2013 1:25am Jun 12, 2013 1:25am
Hi Emmanuel..

I just start learn to use this system..
this is my chart ..G/J
my question : if this 4 hr candle close with blue HA bar then I can open trade "long" in next open candle... is that right ?
but it's already 100+ pips up..
what is your opinion..

regards
jo
Attached Image (click to enlarge)
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  • #20,505
  • Jun 12, 2013 1:57am Jun 12, 2013 1:57am
Quoting jooshset
Hi Emmanuel.. I just start learn to use this system.. this is my chart ..G/J my question : if this 4 hr candle close with blue HA bar then I can open trade "long" in next open candle... is that right ? but it's already 100+ pips up.. what is your opinion.. regards jo {image}

Hi jo,

this GJ is a very volatile pair. One H4 candle is average 115pips.
the major trend is UP and Weekly is undergoing a major correction and not a reversal. So weekly is chopping up and down until we see a clear direction if the Up trend resumes or we get a reversal. I will not make any guess how Abenomics phase 2 will be for Yen. But most banks are bullish that the Japan economy will recover and this will go into history once again.

If you wait for this current H4 candle to close, we don't know if you will close with a Close price which is near to the High.
Trading purely on TMS 4H, this would close as APB/HA candle#2. and the technical stop would be the last swing low. You may grab some pips upwards before Tok closes.

But looking at yesterday' D candle, I favour to sell today as the 148.15 was cleared by the last spike down.

That little indicator on the top right of your chart should show your the D condition too, and on mine, that show red. for MACD and STR.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,506
  • Jun 12, 2013 2:08am Jun 12, 2013 2:08am
Hi guys !

My chart & question for the day :
http://www.mql5.com/en/charts/390436...-international

My aud/usd daily chart shows a clear hammer candle, at the end of a downtrend. TDI cross almost happend on daily chart, so are we seeing a reversal, and should i look for buy opportunities on the h1 and h4 timeframes ?

http://www.mql5.com/en/charts/390443...-international

The 2nd is my h1 chart, which shows no clear TDI cross yet ..
  • #20,507
  • Jun 12, 2013 2:22am Jun 12, 2013 2:22am
ANy advice appreciated.

Price action trade

Entered Long AUD.USD after Double Bottom formation as well as Daily low. TDI cross confirmed Exit near daily high and 200 ema
Attached Image (click to enlarge)
Click to Enlarge Name: jun 12 aud.usd.h1 double bottom.png Size: 46 KB
  • #20,508
  • Jun 12, 2013 2:46am Jun 12, 2013 2:46am
Quoting tenmilewalk
ANy advice appreciated. Price action trade Entered Long AUD.USD after Double Bottom formation as well as Daily low. TDI cross confirmed Exit near daily high and 200 ema {image}
Very good trade...
Don't know what happen with my broker (FXCM), I can not take the trade (close of first green candle) for many time.. when I restart platform & looking back, price had move far away from intend position!!!

Trade well mate..
  • #20,509
  • Jun 12, 2013 2:50am Jun 12, 2013 2:50am
Emmanuell abot "main trend " only for study EJ

weekly tdi down
daily yesterday pattern pinbar+ candle close above the high and change color and tdi cross up

i don't say what to do :-(
Attached Images
  • #20,510
  • Jun 12, 2013 2:51am Jun 12, 2013 2:51am
Quoting Pervis
{quote} Very good trade... Don't know what happen with my broker (FXCM), I can not take the trade (close of first green candle) for many time.. when I restart platform & looking back, price had move far away from intend position!!! Trade well mate..
thank you perv.
  • #20,511
  • Jun 12, 2013 2:52am Jun 12, 2013 2:52am
any advice appreciated

PA h4 trade

Pullback candle formation alongside small doji. Entered with break of pullback and TDI cross. Broke TDI is king rule.
Attached Image (click to enlarge)
Click to Enlarge Name: jun 12 eur.jpy.h4 pullback.png Size: 55 KB
  • #20,512
  • Jun 12, 2013 2:57am Jun 12, 2013 2:57am
There was also another trade I wanted to take with the Eur.j but did not take

Double bottom formed with two mini dojis. DB was formed after test of daily high. There was also a bounce of the TDI to confirm
owever the double bottom formed during asian and missed it.

Any advice appreciated
Attached Image (click to enlarge)
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  • #20,513
  • Jun 12, 2013 3:06am Jun 12, 2013 3:06am
Pullback candle formed at daily high. any advice appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: jun 12 eur.jpy.h1 pullback analysis.png Size: 44 KB
  • #20,514
  • Jun 12, 2013 3:48am Jun 12, 2013 3:48am
hi guys i just got hit on TP 104 PiPs on AJ H4

Do i set the TP to low or do i end it too early?
should i keep it going for more pips
http://www5.picturepush.com/photo/a/...g/13300148.jpg
  • #20,515
  • Edited 7:09am Jun 12, 2013 4:02am | Edited 7:09am
Sell Eur/usd, enter at open of APB/HA #2. TDI green cross red, APB/HA #1 red (sell), bearish divergence from TDI, IB breakout, fake breakout from the ascending triangle.
Attached Image (click to enlarge)
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  • #20,516
  • Jun 12, 2013 4:09am Jun 12, 2013 4:09am
Quoting huglau
hi guys i just got hit on TP 104 PiPs on AJ H4 Do i set the TP to low or do i end it too early? should i keep it going for more pips {image}

Good trade! the setup was very nice with bullish divergance on TDI and PA and timing.
104pips that's good profit!
Take and walk away.

Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,517
  • Jun 12, 2013 4:13am Jun 12, 2013 4:13am
Quoting medlyon
Sell Eur/usd. TDI green cross red, APB #2 red (sell), IB breakout, fake breakout from the ascending triangle. {image}
Taking a TMS 4H trade entry during the APB/HA candle#2 before it closes requires special attention to manage.
If this APB/HA candle #2 closes red ...
There is a hint of bearish divergence TDI vs PA. I bail out all my open buy positions. Trade Invalidation!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,518
  • Jun 12, 2013 4:26am Jun 12, 2013 4:26am
Quoting pinux76
Emmanuell abot "main trend " only for study EJ weekly tdi down daily yesterday pattern pinbar+ candle close above the high and change color and tdi cross up i don't say what to do :-( {image} {image}

pinux76,

2 very good charts posted.
You see what I meant when we check the higher TF - W1 and D1 before we take any 4H TMS trade decision.
The D1 charts show TDI PL green below TSL red, so any 4H buy setup would have been risky during the past 2 weeks. Some 4H buy trades could have gotten away with some pips, but that kind of setupos caould have been eliminated if we take the higher TF bias at the start of the week and start of every day by simply check the W1 and D1 . Now do manul backtest on H4 chart and see every D OHLC of the 4H setups, and you will learn why some 4H setups failed in week 22 and 23.

You W1 chart show bearish divergence at the last high. Did you spot that? That slow TDI indicator cannot catch up with the fast volatile move up above 68-level and now market correct itself while the TDI will show up later. This is the weakness in using just TDI and not follow the PA aboveon the chart itself.

Good post!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,519
  • Jun 12, 2013 4:39am Jun 12, 2013 4:39am
Quoting emmanuel7788
{quote} As usual it is quiet before the storm... many bulls stops below to take out before the next move and I am sure may bear limit orders above to trigger.
3 hours ago I posted above.... can I predict what will happen? No way! That's how unpredictable this market is. There is smart money who run things on days when there is little news and events to move the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,520
  • Jun 12, 2013 4:41am Jun 12, 2013 4:41am
Quoting emmanuel7788
{quote} Good trade! the setup was very nice with bullish divergance on TDI and PA and timing. 104pips that's good profit! Take and walk away. Good Trading.
Thanks emmanuel
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