Attachments: Trading Made Simple

Trading Made Simple

#20,701
Edited 6:28am Jun 16, 2013 6:14am | Edited 6:28am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

EURJPY:

Here is a review of EJ in the past weeks. Several MN historical S&R were in play.
EJ is in a major correction of the MN trend and it may drop to 121.00 and 120.00, so we watch closely the Daily and H4 Price Action next week.

Trade Well and bank in the pips using TMS 4H. It is Entry and Exit.... manage well as always.

Attached File(s)

EJ week 21 - 24 review 16-6-2013 5-07-18 PM.pdf 108 KB | 661 downloads

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#20,702
Jun 16, 2013 7:14am Jun 16, 2013 7:14am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

NZDUSD:

Kiwi will be my pick for next week 25 as it will be in play next week with GDP release. It would be interesting to keep eye on Price Action on Monday Tuesday and Wednesday before the GDP release.
The forecast is not better than the previous one, so what do we expect market to react? predictable? smart money SM in play next week.

Trade Well and follow the SM. Let the chart show you the PA . Do Not try to pick Top and Bottom ... think of CONTINUATION ....

Attached File(s)

NU week 22 - 24 review 16-6-2013 8-03-08 PM.pdf 102 KB | 580 downloads

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#20,703
Jun 16, 2013 8:44am Jun 16, 2013 8:44am

gbmcgee
| Joined Sep 2012 | Status: Trader | 44 Posts

Quoting TheScorpS

Disliked

{quote} This Round Number indicator I got from the paper clip of this thread, you can download it there , its called Sweet Spot V.4 I just have re-edited some properties regarding color and line thickness to my likings, I still didn't change the coding to make it available as separate indi, so if you like I can upload you my whole template Let me know and thanks for asking

Ignored

Sorry ScorpS, the only indicator I could find was SDX-SweetSpots-v5.2 Psych6Levels. I also Googled for it to no avail. Could it possibly be in one of the paper clip zip files? I certainly appreciate your offer to send your template, but I don't believe it would work without having Sweet Spot V.4 installed.

Thanks again,
GB

#20,704
Jun 16, 2013 8:52am Jun 16, 2013 8:52am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Quoting Fx94

Disliked

Hello Traders, @Greenb: Thanks a lot for your answer. I am still learning from my mistakes ! Do you mean with the week volatility, the volatility between the entry point (monday) and the exit point (friday) of a week ? = week candle ? You have another template, because your candle was big and i had 3 little candles. Could you post your template please ? I exited my EUR/CAD trade because my TP was hit. I still have problems to set a good TP. Do you have rules or ideas how to solve this? My EUR/CHF Trade: Please tell me, what is an "IB" ? I know...

Ignored

Hi fx94,

Here is a simple tutorial on How to Trade Price Action..

How to Trend Trade Price Action click here.

combine this with TMS use of TDI and APB, it will put you ahead of others...

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#20,705
Jun 16, 2013 8:54am Jun 16, 2013 8:54am

gbmcgee
| Joined Sep 2012 | Status: Trader | 44 Posts

Quoting emmanuel7788

Disliked

{quote} Try these BN levels, both leave your chart clutter free... of lines v1.00 v1.01 you can set your own preferences in the indicator properties Edit : here is v1.02

Ignored

Thanks to Emmanuel and TheScorpS for your time and thoughtfulness...I am in business now.

Certainly appreciated,
GB

#20,706
Jun 16, 2013 10:04am Jun 16, 2013 10:04am

Amirsaid
| Joined Jul 2012 | Status: Trader | 118 Posts

Quoting Greenb

Disliked

{quote} These are not part of TMS. Therefore it does not belong here. If you want to promote it, go make a new thread.

Ignored

iam so so sorry sir Grernb
i will don`t make again
sorry for disturb

#20,707
Jun 16, 2013 1:33pm Jun 16, 2013 1:33pm

TheScorpS
Joined Nov 2012 | Status: Trader | 2,339 Posts

Quoting gbmcgee

Disliked

{quote} Sorry ScorpS, the only indicator I could find was SDX-SweetSpots-v5.2 Psych6Levels. I also Googled for it to no avail. Could it possibly be in one of the paper clip zip files? I certainly appreciate your offer to send your template, but I don't believe it would work without having Sweet Spot V.4 installed. Thanks again, GB

Ignored

Sorry I wrote you wrong name, its (SDX-SweetSpots_v5.2 BN.ex4 ) go to this post from Xman Super System post 10.111 by Pervis the one who gave me the indicator which I thank for

Here is the link to that page http://www.forexfactory.com/showthre...64#post6408364

You can edit the properties of the indicator to your liking or whatever

Thanks, and good luck

I Have Learned to Take Some Losses to Make Profits

#20,708
Jun 16, 2013 3:09pm Jun 16, 2013 3:09pm

gbmcgee
| Joined Sep 2012 | Status: Trader | 44 Posts

Quoting TheScorpS

Disliked

{quote} Sorry I wrote you wrong name, its (SDX-SweetSpots_v5.2 BN.ex4 ) go to this post from Xman Super System post 10.111 by Pervis the one who gave me the indicator which I thank for Here is the link to that page http://www.forexfactory.com/showthre...64#post6408364 You can edit the properties of the indicator to your liking or whatever Thanks, and good luck

Ignored

Thanks ScorpS, everybody on this thread is very helpful and polite.

#20,709
Jun 16, 2013 3:47pm Jun 16, 2013 3:47pm

Vladbold
| Joined May 2013 | Status: Trader | 210 Posts

Thanks a lot for the great charts on e/j and n/u , emmanuel. Should be very nice after a great week trading those 2 pairs !

Green pips !

#20,710
Jun 16, 2013 8:14pm Jun 16, 2013 8:14pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Every new week open, I take a look at the Weekly charts and see what my Weekly Bias is for my 4H swing trading.

Attached Image (click to enlarge)

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Name: Weekly Bias wk25.png
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#20,711
Jun 16, 2013 8:30pm Jun 16, 2013 8:30pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

New York Sunday candle opening GAP:

Next thing I do is look at the NY Open what many call the 'Sunday candle'.
Pick one with a nice Gap and a good range to be filled. Works 80% of the time.

Attached Image(s) (click to enlarge)

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Name: NY Sunday open Gap.png
Size: 83 KB

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Name: AJ 17 Jun Gap trade example 17-6-2013 9-28-46 AM.png
Size: 29 KB

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#20,712
Jun 16, 2013 8:47pm Jun 16, 2013 8:47pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

someone PM and asked why I pick AJ to trade the GAP when several pairs show gap...

- Gap range and average traded range 30pips /155pips
- PA using candlestick pattern, in this example there is Inside Bar seen in H1 and H4,
- TDI and APB rules,
- trade only AU,AJ and EJ during Sydney open and Tokyo session no other pairs,...

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#20,713
Jun 16, 2013 9:35pm Jun 16, 2013 9:35pm

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,190 Posts

Sunday candle:

Here is a trade idea using the Sunday candle with TMS M15:

Some traders love NY Sunday candle.
Other traders hate this Sunday candle for variety of reasons.
You can hide this Sunday candle using different server time and treat the NY Sunday open as a new 24-hour day candle, whatever ....

But fact remains that when NY open on Sunday there will be these few hours of trading and you will see these few hours ion lower TF lke H1 and M15.

So use this a one way to look for trades duruing the week when you cannot afford the time and sit in front of your computer 24 hours daily.
See pic below how I trade using this Sunday candle.

Your broker platfiorm have price alerts. Use that feature and set price alerts on that high and low, you can also set alert when price approach say 50 pips to that two high -low levels and you get to your computer well in time to make a trade decision.

Coindentally, everyday you will also find the first 2-hours after Sydney opens. NY
Sunday candle complement the Sydney Monday open 2_hours too.
Get the idea ...day traders/scalpers?

Think of 5 trades per week, 3 winners and 2 losers... make multiple R's ...that's the game we play with the market.

Attached Image (click to enlarge)