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Trading Made Simple

  • #20,901
  • Jun 20, 2013 10:24am Jun 20, 2013 10:24am
Quoting yurij
{quote} Hi TheScorpS, nice trade but why did you enter inside H1? Dont you think there could be 2 better settings? 1.) wait for bounce from EMA (yellow arrow) 2.) entry after H1 close above 128.50 {image}
I wrote some notes on the chart in what I thought was the reasons for taking the trade, I try to learn and understand PA as possible , please have a look at them

Thanks for asking
Attached Image (click to enlarge)
Click to Enlarge Name: 6-20-2013 1-26-32 PM_Winner.jpg Size: 206 KB
I Have Learned to Take Some Losses to Make Profits
  • #20,902
  • Jun 20, 2013 11:00am Jun 20, 2013 11:00am
Quoting huglau
i want to ask about is this what we call a pullback reversal candle pattern?? {image} however, i set the TP too far away it went back and hit me with a SL -2.1 pips (forgot to add the spread..........ARRRR) anyway I wnat to know am I reading the PA correctly.
That was a PRCP and that candle also set the high of the London session....all trades from there would be short trades (which you did). Your entry should have been at the red line on your chart...once the red candle broke below the last blue candle, entry should have been made. SL should have been a few pips above the reversal candle...35 pips SL is a fairly standard SL for the M15 time frame but even a 30 pip SL would have been fine.......then you would have been in the profit. Price often sets the high or low of the London session in the first hour or two and then many times will move away for 4 to 8 (H1) candles in a row. That did not happen today but you could have still taken a profit of 50 to 70 pips.
  • #20,903
  • Jun 20, 2013 12:09pm Jun 20, 2013 12:09pm
Took 3 experiment trades today (using trail stop)

2 on EJ, 1 stoped out on BE the other one grabbed me 20 pips. BE trade was taken after my 1st EJ trades hit trail stop and 15 mins chart still confirm a bullish trend.

1 on EU, stopped out at +30 pips by trail stop. Taken from the continuation of bear drive.

note to self: i will never ever save my chart as an active workplace

Total: +50 for the day. hopefully tonight will be much better
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 20.gif Size: 160 KB
Click to Enlarge Name: EJ 20.gif Size: 186 KB
Daniel
  • #20,904
  • Edited 4:52pm Jun 20, 2013 4:42pm | Edited 4:52pm
Hi Emmanuel,

What do you think about shorting the UJ ? Looks like the price found resist. at 76Fib(last swing on the right)and 200EMA plus we have tdi cross from 68level and stoch in agreement. I'd go short as soon as the current 4h candle closes below the set-up one (still 2 h to wait for that close). Or, can I insert a sell order and enter the mk as soon as makes a new low even if the candle is not closed?

Thanks for your advice,
G
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh4.png Size: 68 KB
  • #20,905
  • Jun 20, 2013 7:19pm Jun 20, 2013 7:19pm
Got 51 Pips when the market start, is a good start for today. Short the the continuous of the market downtrend

http://www1.picturepush.com/photo/a/...g/13372199.jpg
  • #20,906
  • Jun 20, 2013 7:54pm Jun 20, 2013 7:54pm
Quoting gigicualex
Hi Emmanuel, What do you think about shorting the UJ ? Looks like the price found resist. at 76Fib(last swing on the right)and 200EMA plus we have tdi cross from 68level and stoch in agreement. I'd go short as soon as the current 4h candle closes below the set-up one (still 2 h to wait for that close). Or, can I insert a sell order and enter the mk as soon as makes a new low even if the candle is not closed? Thanks for your advice, G {image}

Hi gigicualex,
Sorry for this late reply. It was my bedtime and waking to see your post.

Looking at you chart, the previous candle was strong bearish. Good momentum and can took a quick early entry since you use the 200EMA. The other conditions you mentioned are there for a trade decision.
But I will not use any pending order to anticipate any market move in this way. I usually look at lower TF and pick an ealry entry in H1 or M15 seeing that strong bearish candle.
The risk I see is the Day bias, the timing of this setup which is after London closing and US data already out market settles down and we are approach Asian session soon.

Since I do not have a trade now, I watch and see how it will react to the 200EMA again and catch something in lower TF... it's Friday market.


Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,907
  • Jun 20, 2013 8:01pm Jun 20, 2013 8:01pm
Quoting emmanuel7788
{quote} Hi gigicualex, Sorry for this late reply. It was my bedtime and waking to see your post. Looking at you chart, the previous candle was strong bearish. Good momentum and can took a quick early entry since you use the 200EMA. The other conditions you mentioned are there for a trade decision. But I will not use any pending order to anticipate any market move in this way. I usually look at lower TF and pick an ealry entry in H1 or M15 seeing that strong bearish candle. The risk I see is the Day bias, the timing of this setup which is after London...

Dont forget Kuroda is speaking later in 5 hours
Daniel
  • #20,908
  • Jun 20, 2013 8:18pm Jun 20, 2013 8:18pm
Quoting nhilkiah
{quote} To learn and achieve positively is why we are here. What you know is good for us than my own present thought, bring it out. I want to make +pips. For those who needed the square indicator, see the attached {file}
Thanks man, i appreciate it!
All my trades are in demo, dont do these things at home without permission!
  • #20,909
  • Jun 21, 2013 12:01am Jun 21, 2013 12:01am
Quoting Greenb
{quote} Dont forget Kuroda is speaking later in 5 hours

Yes, I overlooked this.

Now with 2 hours to go, JPY pairs show sign of bullishness with the exception of AUSDJPY and NZDJPY.
Attached Image (click to enlarge)
Click to Enlarge Name: JPY pairs pre-Kuroda 21-6-2013 12-56-12 PM.png Size: 121 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,910
  • Jun 21, 2013 12:16am Jun 21, 2013 12:16am
Quoting emmanuel7788
{quote} Yes, I overlooked this. Now with 2 hours to go, JPY pairs show sign of bullishness with the exception of AUSDJPY and NZDJPY. {image}
pump and drop you think?

why the check mark on UJ,CHFJPY, EJ, GJ, NZDJPY ?
TDI havent crossed yet.. PA based?

i dont think i like NZDJPY since bull seems much weaker than the bear (last bull run is 3 candles and seems to be a bit ranging)

and i think im very late for AJ
Daniel
  • #20,911
  • Jun 21, 2013 1:07am Jun 21, 2013 1:07am
Quoting Greenb
{quote} pump and drop you think? why the check mark on UJ,CHFJPY, EJ, GJ, NZDJPY ? TDI havent crossed yet.. PA based? i dont think i like NZDJPY since bull seems much weaker than the bear (last bull run is 3 candles and seems to be a bit ranging) and i think im very late for AJ

yes, all based on using H4 PA - IBs, DIB, DBLHC, ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,912
  • Jun 21, 2013 1:19am Jun 21, 2013 1:19am
Hi all,
as my lesson for this week will be that TMS 4h wont work for me like "enter and go away" I am looking for a possibility to have a look at my trades during the day. As far as I understand my broker (WHS) is not offering a mobil version of MT4, I have to use the standard version. I think a 10'' Mini-Laptop could be possible and my employer wont be shocked...
Does anybody has experiences with running MT4-standard on a small engine?
Or does anybody knows any useful thread where this subject already has been discussed?

Cheers
Bernhard
  • #20,913
  • Jun 21, 2013 1:53am Jun 21, 2013 1:53am
Quoting emmanuel7788
{quote} Hi gigicualex, Sorry for this late reply. It was my bedtime and waking to see your post. Looking at you chart, the previous candle was strong bearish. Good momentum and can took a quick early entry since you use the 200EMA. The other conditions you mentioned are there for a trade decision. But I will not use any pending order to anticipate any market move in this way. I usually look at lower TF and pick an ealry entry in H1 or M15 seeing that strong bearish candle. The risk I see is the Day bias, the timing of this setup which is after London...

Thanks Emmanuel
  • #20,914
  • Jun 21, 2013 1:53am Jun 21, 2013 1:53am
Quoting emmanuel7788
{quote} wwj168, Your very first post here. WELCOME! I do not know how long you have been reading Forex Factory before you joined in May 2013 and the threads you have read and traded the systems posted here in FF. There are so many system threads, why did you post your question in TMS? Yes, I still trade this simple method. Yes, I can show you my result, on the condition that you tell me how my trading results will help you learn to trade this simple method and to become a better TMS trader than I. regards, EMMANUEL

Thank you emmanuel.
I first found this method on a Chinese forex forum just days age. I work full time so I can't stay in front of computer all day so i think this trading method is suitable for me.
But Mr Big E had disappeared from Nov 30 2011. So I wonder if this method still works for now.
Sorry for my poor English. Haha

If you can share your trade result I will appreciate it very much. If you think it private maybe tell me some experience.
Thank you again~!
  • #20,915
  • Jun 21, 2013 2:20am Jun 21, 2013 2:20am
Quoting wwj168
{quote} Thank you emmanuel. I first found this method on a Chinese forex forum just days age. I work full time so I can't stay in front of computer all day so i think this trading method is suitable for me. But Mr Big E had disappeared from Nov 30 2011. So I wonder if this method still works for now. Sorry for my poor English. Haha If you can share your trade result I will appreciate it very much. If you think it private maybe tell me some experience. Thank you again~!
Hi WWJ168
Mr Big E has unfortunately passed away, as reported somewhere in this forum in the past

arasheed
  • #20,916
  • Jun 21, 2013 2:21am Jun 21, 2013 2:21am
UJ 21 Jun Friday:

For thiose following UJ since Tokyo open today, there was a good H1 trade setup using H1 IB and TDI and APB. Since the Day Bias is UP, this is a good trade probability.

But now we shall we on H4 how price react to the 200EMA (H4) above like yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 21 Jun TOK trade example 21-6-2013 3-12-39 PM.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,917
  • Jun 21, 2013 2:32am Jun 21, 2013 2:32am
Quoting emmanuel7788
UJ 21 Jun Friday: For thiose following UJ since Tokyo open today, there was a good H1 trade setup using H1 IB and TDI and APB. Since the Day Bias is UP, this is a good trade probability. But now we shall we on H4 how price react to the 200EMA (H4) above like yesterday. {image}
I take on EJ pair. Double bottom, 61,8% of previous swing, TDI already cross, S/R. Very safe trade. Anyone looking for 130.800 zone?
Attached Image (click to enlarge)
Click to Enlarge Name: 6-21-2013 2-14-05 PM.jpg Size: 117 KB
  • #20,918
  • Jun 21, 2013 2:36am Jun 21, 2013 2:36am
Quoting wwj168
{quote} Thank you emmanuel. I first found this method on a Chinese forex forum just days age. I work full time so I can't stay in front of computer all day so i think this trading method is suitable for me. But Mr Big E had disappeared from Nov 30 2011. So I wonder if this method still works for now. Sorry for my poor English. Haha If you can share your trade result I will appreciate it very much. If you think it private maybe tell me some experience. Thank you again~!
Hi wwj168,

First I do not know how long you have been a forex trader and how good you are techncial trading. I suggest you read this thread and those pdf that were posted many times on how Big E trade his TMS method.
Set up your MT4 with the chart template and post some trades for me to see if you already understand and know how to trade TMS with the correct Entry and Exits based on the rules of this mechanical method.
I post few examples of chart analysis here weekly and also some trade setups and I hope traders can see those trade charts and analyse them how I do my trade entries and how I manage my trade exits. These are some of what I do and I share them here. It is up to you to pick these up and study them and to see for yourself if what I do is realistic in trading as a chartist and how much profit and loss out of those trades setups.
I manage my trades using R-multiple method and using a Multi-lots entry and multiple exits strategy. Every trade risk is 2% of equity, and my target is 10% return every 20 trading days (not month) as my personal target.
When you can do the same like me and I will be happy we compare our trade results and learn from each other how we manage our trade entries and exits, and the profit and loss in our accounts.

Let me see you post your charts and how you will be trading.

Trade Well.
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,919
  • Jun 21, 2013 2:38am Jun 21, 2013 2:38am
Quoting Pervis
{quote} I take on EJ pair. Double bottom, 61,8% of previous swing, TDI already cross, S/R. Very safe trade. Anyone looking for 130.800 zone? {image}

This is a perfect TMS H1 trade ....Very good trading Pervis.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,920
  • Edited 3:11am Jun 21, 2013 2:45am | Edited 3:11am
Hi, everybody.

I recently took some trades and they turned to be a losers. Someone experienced with TMS please share your opinion on these. Left part of the picture is enter at the beginning of time period and right part is exit at the beginning of time period. Are they OK and everything fine with them and it's just a bad luck, or they are bad trades? Would you took those trades? Why not?

For now after page 65 it doesn't seems simple to me. Maybe it's better to make some check list and be picky ? What would you check for?

Thanks in advance.

P.S. About H4 trades... I took them and went to sleep. Was checking them after 4 hours.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ_H1.jpg Size: 318 KB
Click to Enlarge Name: UJ_H4.jpg Size: 339 KB
Click to Enlarge Name: EU_H1.jpg Size: 333 KB
Click to Enlarge Name: EJ_H4.jpg Size: 357 KB
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