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Trading Made Simple

  • #21,081
  • Edited 11:09am Jun 25, 2013 10:24am | Edited 11:09am
Quoting Phx62
A couple of trades today on the EJ H1 that ran for less than one hour each.....the market is a bit choppy and the waves are small and....
Thank you very much, sir for sharing your chart. I also took the same one in Asian session following your rules. Your rules are very simple to follow and I see my performance is being imporved slowly but constantely. I really appreciate this.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #21,082
  • Jun 25, 2013 10:57am Jun 25, 2013 10:57am
Quoting Phx62
A couple of trades today on the EJ H1 that ran for less than one hour each.....the market is a bit choppy and the waves are small and non-trending. Trade 1....nice pullback candle reversal pattern during the Asian session....once price broke below the 200 EMA, I entered....barely hit my TP before pulling back again. Trade 1....a typical London pullback trade.....Frankfurt candle pulled back.....LO candle opened high and closed lower after making wicks at both ends of the candle.....on the open of the second London candle, price moved down again,...

Hi Phx,

Thanks for sharing your trade. I have a little confuse about your TP point, why did you decide to TP at 50 pips only? cause sometime I see you move TP to 100 or more...

I also have another post(20642) hope you can give me some advise..

Thanks you again!
  • #21,083
  • Jun 25, 2013 1:23pm Jun 25, 2013 1:23pm
Quoting Pervis
{quote} Hi Phx, Thanks for sharing your trade. I have a little confuse about your TP point, why did you decide to TP at 50 pips only? cause sometime I see you move TP to 100 or more... I also have another post(20642) hope you can give me some advise.. Thanks you again!
I enter every H1 trade with a 50 pip emergency SL and a 50 pip TP (when the ADR is high enough)....if the market moves steadily in the direction of my trade, during a high volume time, I may move the TP accordingly....if the market makes some retracements during the trade (seen on the M5 or M15 time frames) I just try for the original 50 pips. Today the market was choppy and non-trending and well below the ADR, so I was fortunate to get the 50 pips on each trade.
Regarding your previous post....I have discussed how I set up my trading plan in earlier posts....other than that I have no other advice on the subject....trading plans are extremely individualized and must reflect the personality and the emotional and psychological makeup of the trader.
Good luck.....
  • #21,084
  • Edited 11:17pm Jun 25, 2013 6:08pm | Edited 11:17pm
Quoting Phx62
....trading plans are extremely individualized and must reflect the personality and the emotional and psychological makeup of the trader....
I absolutely agree!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #21,085
  • Jun 25, 2013 6:28pm Jun 25, 2013 6:28pm
GU week 26 ... continuation

with that buy setup trade failed, there is now sell setup.
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 26 26 Jun Syd 26-6-2013 7-22-06 AM.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,086
  • Jun 25, 2013 6:39pm Jun 25, 2013 6:39pm
Quoting rickylimsc
Hi all, This is my 1st post in this forum as well as this thread I have learned Technical analysis years about 20 yrs ago as a forex trader then. But I am really impressed with this TMS that can makes things really easy for everyone. I have yet to back test it with Ninjatrader but seems like it's working really well for everyone .... as I read on this thread from the beginning.... thanks to Big E and a group of traders that made this happen. Out of respect, we should always respect what he wants for this thread. Just talk or discuss about the...

Hi rickylimsc,

WELCOME!

I agree with you that we should not add any other indicators to TMS. The main indicators we use are - the TDi and the APB or Heiken Ashi HA. But I think any trading savvy person is free add and adopt anything he/she wants provided there are proven results.
I think the Entry and Exits rules of Big E is more suited to his personal style, especially his exits rules using the TDI is rather safe. The Entry rule using TDI cross is simple but aslo requires some discretion using PA and Supp/Res. This is the difficult part for many new traders.

Look forward to seee your backtesting results

Regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,087
  • Jun 25, 2013 6:42pm Jun 25, 2013 6:42pm
Quoting Phx62
{quote} I enter every H1 trade with a 50 pip emergency SL and a 50 pip TP (when the ADR is high enough)....if the market moves steadily in the direction of my trade, during a high volume time, I may move the TP accordingly....if the market makes some retracements during the trade (seen on the M5 or M15 time frames) I just try for the original 50 pips. Today the market was choppy and non-trending and well below the ADR, so I was fortunate to get the 50 pips on each trade. Regarding your previous post....I have discussed how I set up my trading plan...
Plenty one can learn reading this post and how to trade LTF using TMS basics.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,088
  • Jun 25, 2013 6:47pm Jun 25, 2013 6:47pm
Quoting Murzilka
Hi, guys and girls. I just bought UJ H1... Any comments? How does it looks to you? {image}
hey Murzilka,

your UJ trade ran very well ... good pips . Congrats!

now is to see if there will be follow through and if it can break last week' high.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,089
  • Jun 26, 2013 1:22am Jun 26, 2013 1:22am
Practising phx62's way of trading and worked really nicely again this morning, just trying out the tms tape at the moment as well. +75
Attached Image (click to enlarge)
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  • #21,090
  • Jun 26, 2013 2:04am Jun 26, 2013 2:04am
Quoting lastingwell
Practising phx62's way of trading and worked really nicely again this morning, just trying out the tms tape at the moment as well. +75 {image}
Almost twin trades except I went for +50.......
Attached Image (click to enlarge)
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  • #21,091
  • Jun 26, 2013 2:07am Jun 26, 2013 2:07am
Quoting Murzilka
Dabbeljoe, hi. I want to ask you through the picture... {image}
Hi Murzika, I'm sorry, I missed this post! I hope you'll still read it.
I would enter the trade one candle later, so I would have more confirmation. Problably I would find a good entry point on the M5, 15 min. before the candle is completed and enter on the same candle you did, but not at the beginning.
  • #21,092
  • Jun 26, 2013 2:24am Jun 26, 2013 2:24am
Quoting Phx62
{quote} I enter every H1 trade with a 50 pip emergency SL and a 50 pip TP (when the ADR is high enough)....if the market moves steadily in the direction of my trade, during a high volume time, I may move the TP accordingly....if the market makes some retracements during the trade (seen on the M5 or M15 time frames) I just try for the original 50 pips. Today the market was choppy and non-trending and well below the ADR, so I was fortunate to get the 50 pips on each trade. Regarding your previous post....I have discussed how I set up my trading plan...
Thank for very valuable words from you. The road to success is still so far...

Trade well TMS family,
  • #21,093
  • Jun 26, 2013 2:29am Jun 26, 2013 2:29am
In 30 min. the candle will close, if the green line is still going down and approaching the 50, passed the yellow line, would you guys go short here? On the D1 it seems to reverse down too and on lower tf's it looks oke too. No SR in the way, at least I don't see them, no major news on these currency's, no over sold on the stock's, do I miss something?
Attached Image (click to enlarge)
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  • #21,094
  • Jun 26, 2013 3:09am Jun 26, 2013 3:09am
Hello all.
Just take a buy trade on EURGBP H1.
It will be hard for price to go any further below, because of all support lvl + nice PA.
But only 1,5 hours more until big news.
Any thoughts?
Attached Image (click to enlarge)
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  • #21,095
  • Jun 26, 2013 3:15am Jun 26, 2013 3:15am
Quoting Phx62
{quote} Almost twin trades except I went for +50....... {image}

I did set it for +50 but thought as I was watching it I would see if it could get to yesterdays low, once it reached MS1 I moved the stop loss to +50 just in case.
  • #21,096
  • Jun 26, 2013 3:30am Jun 26, 2013 3:30am
Quoting Jonh
Hello all. Just take a buy trade on EURGBP H1. It will be hard for price to go any further below, because of all support lvl + nice PA. But only 1,5 hours more until big news. Any thoughts? {image}
I see a downtrend and a channel in which it can go up for a few pips, but the overall trend is down. The support is at about 25 pips down, but how strong is it? I didn't buy it. Maybe sell if it goes up and reverses?
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2013-06-26 om 10.24.08.png Size: 42 KB
  • #21,097
  • Jun 26, 2013 3:40am Jun 26, 2013 3:40am
Just took this trade....
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh4.png Size: 74 KB
  • #21,098
  • Jun 26, 2013 3:48am Jun 26, 2013 3:48am
first of al would like to thanks Big E and all other veterans who showing lights to the noobs like me..
trying to get grip on the system and open for any comments..
sorry for my english
again thanks to all d people for contributing and helping the people..
  • #21,099
  • Jun 26, 2013 4:10am Jun 26, 2013 4:10am
Quoting ukanimk
Just took this trade.... {image}
UJ 4H trade:
good entry ukanimk.

manage well for maximum profit when it drops lower.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,100
  • Jun 26, 2013 4:11am Jun 26, 2013 4:11am
Quoting emmanuel7788
{quote} UJ 4H trade: good entry ukanimk. manage well for maximum profit when it drops lower.
thnaks emmanuel for the quick reply
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