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Trading Made Simple

  • #21,181
  • Jun 27, 2013 8:14am Jun 27, 2013 8:14am
Quoting TheScorpS
{quote} Hi Emmanuel Thanks a lot , I'm trading Price Action , I will see how things develop going this way , am I allow to post pure price action charts in here?
I am not thread owner nor moderator here.
I follow what I learn from eelfranz' posts and his basic principles...i.e. to share and help one another here.
I have one principle:
Everything which is not forbidden is allowed.
Everything which is not allowed is forbidden.

When a TMS warrior becomes naked trader, that can mean two things:
1) he lost everything he owns , English saying is that he 'lose his shirt'.
or
2) evolution of a naked trader. see pic.
Attached Image (click to enlarge)
Click to Enlarge Name: TMS naked trader .png Size: 163 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,182
  • Jun 27, 2013 9:41am Jun 27, 2013 9:41am
Quoting emmanuel7788
{quote} When a TMS warrior becomes naked trader, that can mean two things: 1) he lost everything he owns , English saying is that he 'lose his shirt'. or 2) evolution of a naked trader. see pic. {image}
There might be one other to add to the list; Bare Nakid Trading is a great way to really learn candle patterns and and SR levels - I like to fiddle with Bare Nakid Trading on a micro account - always at 0.01 lots - It's helped me learn to 'read' charts better than anything else, I get a few pennies reward for getting it right and a few pennies penalty for getting it wrong.
You can do it on any time frame but as with all methods, the longer the TF the more reliable the signals are likely to be.

For those of us that follow the TMS method, it's still good to learn candlestick patterns.

Andy.
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Don't ask me, I have no idea what's going on.
  • #21,183
  • Jun 27, 2013 9:56am Jun 27, 2013 9:56am
Is this a potential good sell signal when cross occurs it has crossed on H1. Thank you in advance for your comments this thead is great!
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  • #21,184
  • Jun 27, 2013 10:09am Jun 27, 2013 10:09am
usdchf long 54 pip
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  • #21,185
  • Jun 27, 2013 10:47am Jun 27, 2013 10:47am
I see a possible trade set up on AU 4H, possible reversal of this weeks ST downtrend and resuming the long term down trend.

Any thoughts? Anyone else see this as a good set up?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 29 KB
Click to Enlarge Name: audusdh4noAPB.png Size: 35 KB
  • #21,186
  • Jun 27, 2013 1:48pm Jun 27, 2013 1:48pm
Quoting irishtoffy
I see a possible trade set up on AU 4H, possible reversal of this weeks ST downtrend and resuming the long term down trend. Any thoughts? Anyone else see this as a good set up? {image} {image}
On the H4 it looks great but if you check the other timeframes, you'll see that on the H1 and D1 the green line goes up. That's the reason why I wouldn't take it.
Can I give you a suggestion? If you drag the upper line of the TDI window up, the window will be higher and the lines will be much better to read. If you don't want your chart to get smaller, it's better to make the stoch's smaller.
And is there a reason why you don't use the synergy-APB candles? Like Big E (topic starter and creator of the TMS system) said, they are really important to use with this system.
  • #21,187
  • Jun 27, 2013 2:24pm Jun 27, 2013 2:24pm
Quoting emmanuel7788
Average Price Bar or Heiken Ashi I think it is time to have a revision on the APB/HA. to read market momentum and strength, then combine that with the use of the TDI and get better entries into the market. http://www.compassfx.com/video/flash/22108/22108.html
Hi Emmanuel,

Thank you for sharing this. To me as a newbie in TMS, and in using Average Price Bars it was quite useful to learn from this video.
I may compare it to learning the alphabet -- 5 types of letters only, but so important
  • #21,188
  • Jun 27, 2013 4:17pm Jun 27, 2013 4:17pm
Hello Phx62,
slow and "zig-zag" market today....
Any trade for you?
If you have been out from market, how to detect it?
Thanks!
  • #21,189
  • Jun 27, 2013 5:35pm Jun 27, 2013 5:35pm
Quoting smarco
Hello Phx62, slow and "zig-zag" market today.... Any trade for you? If you have been out from market, how to detect it? Thanks!
smarco,
I made one trade today before LO but it wasn't because I saw something in the market. I had some business meetings last night and was late getting home and knew I had to be up early this morning. I clicked on my computer and saw some consolidation at the low of last month, so I ate dinner and got ready for bed. When I got back to the computer, price had just broken through the resistance so I entered. I monitored it until I was up over 21 pips and went to bed........sometimes, it's better to be lucky than good......
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  • #21,190
  • Edited 5:50am Jun 28, 2013 5:38am | Edited 5:50am
Hi ALL,

We had a long period quiet due to Forex Factory outage.
Now back in business.

How is everyone doing?

Several trades went very nicely during the outage. GU, AU, NU and UJ all ran as planned. Really good week and closing this month today.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,191
  • Jun 28, 2013 5:42am Jun 28, 2013 5:42am
Quoting Phx62
{quote} smarco, I made one trade today before LO but it wasn't because I saw something in the market. I had some business meetings last night and was late getting home and knew I had to be up early this morning. I clicked on my computer and saw some consolidation at the low of last month, so I ate dinner and got ready for bed. When I got back to the computer, price had just broken through the resistance so I entered. I monitored it until I was up over 21 pips and went to bed........sometimes, it's better to be lucky than good...... {image}
Phx62, really thanks for this information and descriptions!
  • #21,192
  • Jun 28, 2013 6:14am Jun 28, 2013 6:14am
Quoting emmanuel7788
Hi ALL, We had a long period quiet due to Forex Factory outage. Now back in business. How is everyone doing? Several trades went very nicely during the outage. GU, AU, NU and UJ all ran as planned. Really good week and closing this month today. Trade Well.
Hello Emmanuel,

I made 20 pips on GU (micro lot) after LO. It's a Friday and last day of the month so didn't expect a big move 1:1 risk/reward

Arunas
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  • #21,193
  • Jun 28, 2013 6:23am Jun 28, 2013 6:23am
Quoting emmanuel7788
AU 4H .... watchlist: here is a possibility that AU will resume its major downtrend ... unless something big happen and USD weakens across the board ... keep eyes on both Kiwi and Loonie ... PATIENCE. {image}
here is an update how that AU setup developed.
that h$ candle did not close lower buy pullback strongly.

This is one example why we must always wait for the candle to close to confirm Price Action.
Jumping in during a candle is never a good idea.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU week 26 27 Jun bearish 3 bar 27-6-2013 5-47-58 PM.png Size: 50 KB
Click to Enlarge Name: AU week 26 27 Jun 4H setup 28-6-2013 7-17-30 PM.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,194
  • Jun 28, 2013 6:35am Jun 28, 2013 6:35am
Quoting emmanuel7788
{quote} UJ 4H update NYO. more upside ... {image} {image}
Took this trade as planned.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ 27 Jun pre-LO 27-6-2013 2-59-03 PM.png Size: 54 KB
Click to Enlarge Name: UJ week 26 H4 update NYO 27 Jun 27-6-2013 8-12-28 PM.png Size: 41 KB
Click to Enlarge Name: UJ week 26 4H trade 28 Jun update 28-6-2013 7-27-29 PM.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,195
  • Jun 28, 2013 6:37am Jun 28, 2013 6:37am
Quoting Arunaz
{quote} Hello Emmanuel, I made 20 pips on GU (micro lot) after LO. It's a Friday and last day of the month so didn't expect a big move 1:1 risk/reward Arunas {image}

Hi Arunaz,
Good trade taken today.

You had another trade yesterday, but I wonder why you got out early and did not catch that down move?

regards
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,196
  • Jun 28, 2013 6:41am Jun 28, 2013 6:41am
Quoting Hins
{quote} Hi Emmanuel, Thank you for sharing this. To me as a newbie in TMS, and in using Average Price Bars it was quite useful to learn from this video. I may compare it to learning the alphabet -- 5 types of letters only, but so important

Hi Hins,

There are many good vidoe tutorial at the compass website. Spend some time there and learn as much as you have time.
Especially watch those videos on Synergy Method and TDI.

http://www.compassfx.com/video/

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,197
  • Jun 28, 2013 6:45am Jun 28, 2013 6:45am
Quoting jodwayne
Is this a potential good sell signal when cross occurs it has crossed on H1. Thank you in advance for your comments this thead is great! {image}
http://www.forexfactory.com/attachment.php?attachmentid=1222606&stc=1&thumb=1&d=1372344841

Hi jodwayne,

You need to look at the higher TF too. In this case, the D show up trending...do not sell until we see a D bearish reversal.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,198
  • Jun 28, 2013 6:54am Jun 28, 2013 6:54am
Quoting emmanuel7788
{quote} Hi Arunaz, Good trade taken today. You had another trade yesterday, but I wonder why you got out early and did not catch that down move? regards EMMANUEL
Emmanuel,

please see attached pic, some reasons to close it.... It was also 1:1 risk/reward trade. I didn't hold it because I had runing only 1 position (1R)
If I would opened 2 positions I would close 1 at 1R and would hold next for 2 or 3 R....

Arunas
Attached Image (click to enlarge)
Click to Enlarge Name: gu 06.27.PNG Size: 42 KB
  • #21,199
  • Jun 28, 2013 7:06am Jun 28, 2013 7:06am
Hi Emmanuel and others,

Hope you are all well.
I am on the road for a couple of weeks so can only read and learn..
Thanks too everyone posting! I am reading all..

Stay focused and trade well!


Quoting emmanuel7788
Hi ALL, We had a long period quiet due to Forex Factory outage. Now back in business. How is everyone doing? Several trades went very nicely during the outage. GU, AU, NU and UJ all ran as planned. Really good week and closing this month today. Trade Well.
  • #21,200
  • Jun 28, 2013 7:06am Jun 28, 2013 7:06am
Quoting TheScorpS
{quote} I think the looser trade was entered almost at a support zone, even though price action snapped into the zone and below previous last 2 days low don't mean that the support was broken I entered the same EUR/JPY as yours but 2 hours earlier , and exit for +31 pips almost where you entered short because this is where next support zone is, after reaching this zone your entry was made and price action draw down back inside the zone , retest it , obviously hit your stop loss and continue down Notes on my chart Thank You {image}
Monthly support is quite an important area to consider. should have waited for a better signal
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