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Trading Made Simple

  • #20,561
  • Jun 13, 2013 12:46am Jun 13, 2013 12:46am
Quoting emmanuel7788
PA reconciliation of Multi-Time Frame ... Do you know that : a 3-bar reversal pattern on M15 is a Pin Bar (pullback bar) on H1 a 3-bar reversal pattern on H1 is a Pin Bar (pullback bar) on H4 these is provided you know the candle count correctly that 4xM15 bars make one H1 and 4 x H1 bars make one H4.... and know how to read PPA. or you can use a Triple Screen setup to show M15, H1 and H4 charts.
Very helpful. Good for reminding yourself to look at other time frames and not be stuck in one
  • #20,562
  • Jun 13, 2013 1:00am Jun 13, 2013 1:00am
any advice appreciated

possible entry?

Daily low, consolidation, Pullback and several dojis in succession
Attached Image (click to enlarge)
Click to Enlarge Name: jun 12 aud.usd h1 double bottom analysis.png Size: 48 KB
  • #20,563
  • Jun 13, 2013 1:02am Jun 13, 2013 1:02am
For those of you who love to drive in the fast lane and scalp M5 and M15 time frames, TMS evolved from Dean Malone'Synergy system.

Big E made TMS 4H trading more ''aggressive'" and DM Synergy' use of Price Action Channel PAC is conservative hence I think is more suited to lower TF scalping.

There are lots of video tutorial on the use of TDI, APB and PAC, etc . at

http://www.compassfx.com/synergy/web...gy_Method.html

Good Learning!
Attached Image (click to enlarge)
Click to Enlarge Name: TMS PAC Scalping.png Size: 136 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,564
  • Jun 13, 2013 1:10am Jun 13, 2013 1:10am
Quoting emmanuel7788
PA reconciliation of Multi-Time Frame ... Do you know that : a 3-bar reversal pattern on M15 is a Pin Bar (pullback bar) on H1 a 3-bar reversal pattern on H1 is a Pin Bar (pullback bar) on H4 these is provided you know the candle count correctly that 4xM15 bars make one H1 and 4 x H1 bars make one H4.... and know how to read PPA. or you can use a Triple Screen setup to show M15, H1 and H4 charts.

hi Emmanuel i have signed a pin bar tf60 and the range on tf15 but on low tf the candle was not so clear to "reverse or pin bar creation"
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  • #20,565
  • Jun 13, 2013 1:21am Jun 13, 2013 1:21am
Quoting pinux76
{quote} hi Emmanuel i have signed a pin bar tf60 and the range on tf15 but on low tf the candle was not so clear to "reverse or pin bar creation" {image}
pinux76,
EU is bullish and on breakout UP ...

Edit: your semafor (white,blue,red) will re-paint very soon when new high above the last high...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,566
  • Jun 13, 2013 1:22am Jun 13, 2013 1:22am
Quoting emmanuel7788
{quote} pinux76, EU is bullish and on breakout UP ...

the trend is up ok!
but i'm searcing the mistake not to made and the candle to observe for the correct pattern
  • #20,567
  • Jun 13, 2013 1:36am Jun 13, 2013 1:36am
Quoting pinux76
{quote} the trend is up ok! but i'm searcing the mistake not to made and the candle to observe for the correct pattern

here are 2 examples how to look for higher TF Pin bars...
take notice of the candle colours...and the high fractal.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H4 pin bar in H1.png Size: 27 KB
Click to Enlarge Name: H1 pin bar in M15.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,568
  • Jun 13, 2013 2:22am Jun 13, 2013 2:22am
anyone have any suggestion today, right now i and shorting GBPUSD at 1.5658 From H4 TDI cross
  • #20,569
  • Jun 13, 2013 3:12am Jun 13, 2013 3:12am
Quoting Phx62
{quote} gbmcgee, I understand your circumstance completely, having done much the same thing for years. Let me caution you that trading the M15 is quite tricky because of the number of whipsaws. Unless I am just scalping for 10 or 20 pips, I don't trade the M15 much (I still try it occasionally on demo). In my opinion, the best use for the M15 (unless you are only looking for 10 to 20 pips) is to confirm a reversal on the H1 by looking at the TDI on the M15. I don't know if you are aware but Big E (eelfranz) started a thread here http://www.forexfactory.com/showthread.php?t=211188...
Thanks Phx62, will stick with the 1H and continue what I'm doing. Headed to work now, wish you a great day.
  • #20,570
  • Jun 13, 2013 3:51am Jun 13, 2013 3:51am
Quoting Jackub
{quote} How far will go.. ? {image} we will see...

well , today it hit 60% of the 52 weeks average traded range.
so we shall see if the US data release later will do anything to cause a correction and then into a reversal next week.
keep eye on D chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU week 24 target range 11-6-2013 2-56-22 PM.png Size: 60 KB
Click to Enlarge Name: EU week 24 52weeks ave13-6-2013 4-47-16 PM.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,571
  • Edited 9:13am Jun 13, 2013 4:55am | Edited 9:13am
EU H1 +25 pips (pullback H1 with M15 TDI confirm)
Manual exit for save profit (near 11 Jun HI area)
Thanks to all and Phx62
Attached Image (click to enlarge)
Click to Enlarge Name: 13-06-2013 11-45-57.png Size: 36 KB
  • #20,572
  • Jun 13, 2013 5:03am Jun 13, 2013 5:03am
Hi Smarco,
what do you use to get the arrows on your chart?
  • #20,573
  • Jun 13, 2013 5:06am Jun 13, 2013 5:06am
Quoting rob Miller
Hi Smarco, what do you use to get the arrows on your chart?
Hello,
i'm using Snagit from TechSmith
  • #20,574
  • Jun 13, 2013 5:12am Jun 13, 2013 5:12am
Hi Smarco,
Thanks for that
  • #20,575
  • Jun 13, 2013 5:36am Jun 13, 2013 5:36am
Quoting tenmilewalk
any advice appreciated possible entry? Daily low, consolidation, Pullback and several dojis in succession {image}
Good spot, did you take it?
I just scalped 30 pips from it. nice price action trading.
  • #20,576
  • Jun 13, 2013 5:47am Jun 13, 2013 5:47am
Quoting Phx62
{quote} I enter all H1 trades with a 50 pip TP and a 50 pip EMERGENCY SL. Once price moves in my direction, I may adjust the SL based on how price is moving. If I am monitoring the trade, I usually do not move the SL but will exit manually, if necessary. I do not allow price to come back and stop me out for 50 pips. If I have to leave my computer, I will adjust that SL before I leave.

Hi PHX62,

Thankyou for your great teaching Ihave learnt so much.

Why have a 50 pip SL loss if you never intend it to get hit? why not have a lower one so your value per pip can be higher.... also how do you decide when price has gone against too much and exit manually or move SL.

Thanks once again.

Adam
  • #20,577
  • Jun 13, 2013 6:42am Jun 13, 2013 6:42am
Hello everyone, I join in the discussion too!

Quoting smarco
EU H1 +20pips (pullback H1 with M15 TDI confirm) Manual exit for save profit (near 11 Jun HI area) Thanks to all and Phx62 {image}
I also took the same trade, I'm waiting for US news because I see a potential setup on H4, what do you think?
Attached Image (click to enlarge)
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  • #20,578
  • Jun 13, 2013 7:19am Jun 13, 2013 7:19am
Quoting sayeedbd
My best profitable strategy.... {image} {image} http://www.myfxbook.com/members/trad...l-hasan/605561 http://www.myfxbook.com/members/traderbd/sayeed/598321 https://www.facebook.com/sayeed.acca
Hello Sayeed,
nice work!
Are you trading with TDI on multiple TF as M15, H1, H4, ect?
And... is EU your "best" friend?
  • #20,579
  • Jun 13, 2013 7:31am Jun 13, 2013 7:31am
Quoting sayeedbd
My best profitable strategy.... {image} {image} http://www.myfxbook.com/members/trad...l-hasan/605561 http://www.myfxbook.com/members/traderbd/sayeed/598321 https://www.facebook.com/sayeed.acca
hey sayeed,

Nice work! obviously trading multiple pairs because i see you put in 18 positions today, or are you trading lower tfs?
  • #20,580
  • Jun 13, 2013 8:05am Jun 13, 2013 8:05am
took this trade on 15m, two lots moved the first to BE+ since it was belt hold candle and bullish eng then i increased to second lot

maaan this pair is moving fast , twin turbo baby
Attached Image (click to enlarge)
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