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Trading Made Simple

  • #21,381
  • Jul 4, 2013 9:02am Jul 4, 2013 9:02am
NZDUSD ... making another test of 0.7830.... second week of consolidation ...bouncing up and down
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,382
  • Jul 4, 2013 9:04am Jul 4, 2013 9:04am
Quoting thrax
{quote} I took the GU H4 setup. :-) Price was below TTF and HTF trend lines, bearish TDI cross happened within the range 32 and 68, bearish HA candle, so I entered. I set my TP very conservatively (again) to the last swing low. It is interesting to recognize the the price reached the Fib 127% level of the previous week. take care, thrax {image}
Can you tell me what is the indicator who shows arrows when there is a cross on the TDI please?
  • #21,383
  • Jul 4, 2013 10:00am Jul 4, 2013 10:00am
Quoting Flaviu1981
{quote} Can you tell me what is the indicator who shows arrows when there is a cross on the TDI please?
This is the TMS-OSC Cross 1.05 indicator. I like it because it draws an arrow when a TDI cross occures and moreover you can set it not to draw an arrow if the cross is below 32 or above 68 avoiding false signals. Hope it helps.

take care,
thrax
Attached File(s)
File Type: mq4 TMS-OSC Cross 1.05.mq4   13 KB | 445 downloads
  • #21,384
  • Jul 4, 2013 10:02am Jul 4, 2013 10:02am
i dont usually post. but felt like posting this. was actually studying old charts as said by you veterans . saw this on demo and entered (for a little fun) in london session

Edit: Its about 78 pips profit. moved about 100 pips from entry. but i didnt like the double bottom then pullback
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 42 KB
Consistency goes a Long Way
  • #21,385
  • Edited 10:52am Jul 4, 2013 10:38am | Edited 10:52am
Just starting out here with this system. Love it a lot !!!

I opened 8 trades last night all at 4 hour tf 0.01 lot
aud/usd = 4 long @.9080 80 pip +
eur/aud= 2 short @ 1.4300 130 pip + (closed way too early)


eur/usd= 1 short @ 1.3000 I closed voluntarily about 1 or 2 pip against me...

and the same with these other ones... closed myself
nzd/jpy= 1 short ( 25 pip loss )
nzd/usd= 1 short (here got a 30 pip loss ehh)
aud/nzd= 1 long (13 pip + )
usd/chf = 1 long( tiny profit as well )
gbp/usd= 1 short ( 10 pip +, massive fail!! :O)


I had gbp/usd right until 30 min before the news and wasn't feeling great about, and closed before news... and missed the drop

Closed the eur/usd as well for the same reason....

But kept the eur/aud because aud was doing good every where, and was in profit ..



Fucking news make me nervous, the thing is if am not in some profit before news, i just exit.
  • #21,386
  • Jul 4, 2013 10:47am Jul 4, 2013 10:47am
eur/usd 70 pip
gbp/usd 180 pip
usd/chf 75 pip
eur/jpy 35 pip
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2.JPG Size: 141 KB
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  • #21,387
  • Edited 5:04pm Jul 4, 2013 12:30pm | Edited 5:04pm
Hi Guys,
I am new with this system and here is my first trade .Reasons:

1)Break out Bearish candle in H4 and retrace to 61.8 fib in M15

2)Green crossed red and price closed below MA(10)

So I shorted.it is EJ M15 TFAny comments are welcome.

Lets see how it goes.

Regards
Mike

P.S: Out BE.It gave 19 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej ff.jpg Size: 120 KB
Click to Enlarge Name: ej ff2.jpg Size: 112 KB
Failure, is a wonderful teacher!
  • #21,388
  • Jul 4, 2013 12:57pm Jul 4, 2013 12:57pm
Quoting thrax
{quote} This is the TMS-OSC Cross 1.05 indicator. I like it because it draws an arrow when a TDI cross occures and moreover you can set it not to draw an arrow if the cross is below 32 or above 68 avoiding false signals. Hope it helps. take care, thrax {file}

The TMS-Oscillator cross as posted does not work - click on it, or drag it on a chart - nothing happens. As if it is dead.
  • #21,389
  • Jul 4, 2013 1:20pm Jul 4, 2013 1:20pm
Quoting MidnightRun
{quote} The TMS-Oscillator cross as posted does not work - click on it, or drag it on a chart - nothing happens. As if it is dead.
Hi, try this one.
There is a thread dedicated for the indicators used in TMS: http://www.forexfactory.com/showthread.php?t=294327 or you can search for it here on FF.

Hope this helps.

take care,
thrax
Attached File(s)
File Type: ex4 TMS-OSC Cross 1.05.ex4   10 KB | 359 downloads
  • #21,390
  • Jul 4, 2013 1:54pm Jul 4, 2013 1:54pm
Quoting thrax
{quote} This is the TMS-OSC Cross 1.05 indicator. I like it because it draws an arrow when a TDI cross occures and moreover you can set it not to draw an arrow if the cross is below 32 or above 68 avoiding false signals. Hope it helps. take care, thrax {file}
Thanks very much for your gesture! You're a very nice person!
  • #21,391
  • Jul 4, 2013 1:59pm Jul 4, 2013 1:59pm
Quoting thomi
eur/usd 70 pip gbp/usd 180 pip usd/chf 75 pip eur/jpy 35 pip {image} {image} {image} {image}
I realize that you entry in a trade when the Synergy Bars change his colour at the open of the next candle. Is this true?
  • #21,392
  • Jul 4, 2013 5:15pm Jul 4, 2013 5:15pm
Quoting mike1349
Hi Guys, I am new with this system and here is my first trade .Reasons: 1)Break out Bearish candle in H4 and retrace to 61.8 fib in M15 2)Green crossed red and price closed below MA(10) So I shorted.it is EJ M15 TFAny comments are welcome. Lets see how it goes. Regards Mike P.S: Out BE.It gave 19 pips {image} {image}
I see you attempt a continuation trade with that breakout H4 candle with a retracement entry on M15. This is what I call a fib38/50 entry and with PA confirmation. But you chose the worst time of the day to trade - right after London close and it is US bank holiday.
The trading hours after London close are usually slow and liquiidty is much lower. Best for lower TF trades like scalping.

You use use PA with 10EMA, but what happen to the APB on your chart?

If this is your actual trading chart, then in my opinion, there are too many things on it and that make trading decision to difficult. Try simply it and less clutter.
When we trade 4H - we need only the 5EMA with TDI and APB on H4. The Stochastic 8,3,3 is optional but it is good for new traders.

But all means use Triple Screen technique which helps new traders to see multiple timeframe Price Action.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,393
  • Jul 4, 2013 5:27pm Jul 4, 2013 5:27pm
Quoting thomi
eur/usd 70 pip gbp/usd 180 pip usd/chf 75 pip eur/jpy 35 pip {image} {image} {image} {image}
thomi,

4 very good TMS 4H trades....

all nicely excuted.

careful with over exposure.

welldone!

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,394
  • Jul 4, 2013 5:34pm Jul 4, 2013 5:34pm
Quoting blazingheart
i dont usually post. but felt like posting this. was actually studying old charts as said by you veterans . saw this on demo and entered (for a little fun) in london session Edit: Its about 78 pips profit. moved about 100 pips from entry. but i didnt like the double bottom then pullback {image}
Hi blazingheart,

Nice H1 trade .. good profit 78pips.

That double bottom looks like daily and weekly exhaustion for EU having dropped that much this week. Let's keep track of this one today to see how it will drop further to 1.2850. We have now 1.2930above support turned resistance.

Good Trading!

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,395
  • Jul 4, 2013 5:44pm Jul 4, 2013 5:44pm
Here is a quick review how EU trade so far the week.
Tonight is US NFP ... will it be pro-USD? make a technical guess.
Attached Image (click to enlarge)
Click to Enlarge Name: EU week 27 review 4 July 5-7-2013 6-36-17 AM.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,396
  • Jul 4, 2013 5:55pm Jul 4, 2013 5:55pm
Quoting mm2mm
Just starting out here with this system. Love it a lot !!! I opened 8 trades last night all at 4 hour tf 0.01 lot aud/usd = 4 long @.9080 80 pip + eur/aud= 2 short @ 1.4300 130 pip + (closed way too early) eur/usd= 1 short @ 1.3000 I closed voluntarily about 1 or 2 pip against me... and the same with these other ones... closed myself nzd/jpy= 1 short ( 25 pip loss ) nzd/usd= 1 short (here got a 30 pip loss ehh) aud/nzd= 1 long (13 pip + ) usd/chf = 1 long( tiny profit as well ) gbp/usd= 1 short ( 10 pip +, massive fail!! :O) I had gbp/usd right...
Hi mm2mm,

First WELCOME to TMS!
I love this too like many folks here. So I stick around longer than many others.

Surely you traded too many pairs at same time which can be dangerous but with experience you can handle that sort of market condition when correlated pairs went against one another.
You played it safe and closed some trades before the news which is a good thing. No regrets because that your own rule which you have discipline to follow your own rules.

Please post some charts along so it can help other new traders to learn from your experience.

Good Trading.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,397
  • Jul 4, 2013 6:51pm Jul 4, 2013 6:51pm
Quoting emmanuel7788
{quote} I see you attempt a continuation trade with that breakout H4 candle with a retracement entry on M15. This is what I call a fib38/50 entry and with PA confirmation. But you chose the worst time of the day to trade - right after London close and it is US bank holiday. The trading hours after London close are usually slow and liquiidty is much lower. Best for lower TF trades like scalping. You use use PA with 10EMA, but what happen to the APB on your chart? If this is your actual trading chart, then in my opinion, there are too many things...
You are absolutely right about the time Emmanuel.I had that in mind but I wanted to test the system in the worst condition

Actually wasn't bad.

Regarding platform I am working on it but sorry for this busy platform.Will be fixed soon
Failure, is a wonderful teacher!
  • #21,398
  • Jul 4, 2013 7:12pm Jul 4, 2013 7:12pm
Quoting emmanuel7788
EURNZD D1 and PA: {image}
http://www.forexfactory.com/attachment.php?attachmentid=1226322&stc=1&thumb=1&d=1372894957

After yesterday post above, the weaker Euro caused a 310pips drop.
There was a nice 4H entry with IB beakout and PA breaking the current week 27 low and now make a new week low.
Expect some retracement today.

Keep following this to see if this correction of the weekly trend will turn into a bearish reversal in the coming weeks.
W1 IB in view.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZD D1 view 5 Jul 5-7-2013 8-00-04 AM.png Size: 49 KB
Click to Enlarge Name: EURNZD week 27 H4 view 5-7-2013 8-00-40 AM.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,399
  • Jul 4, 2013 8:17pm Jul 4, 2013 8:17pm
Historical Support and Resistance:

Here is an example using EURNZD how I draw support and resistance using Monthly and Weekly Close price swing points.

The idea to use Line chart is taught in babypips.com School of Pipsology .

When trading on the H4 chart TF, I use the Prev Week Fib retracements and also the Week OHLC with the Round Number price levels.

looking for CONFLUENCE of the historical S&R with Prev W Fib, W1 OHLC, RN and look for Price reaction around these S&R region is key to get high probability trade entries.

Trade Well.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Hist S&R .png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,400
  • Jul 4, 2013 8:49pm Jul 4, 2013 8:49pm
Quoting emmanuel7788
{quote} Hi mm2mm, First WELCOME to TMS! I love this too like many folks here. So I stick around longer than many others. Surely you traded too many pairs at same time which can be dangerous but with experience you can handle that sort of market condition when correlated pairs went against one another. You played it safe and closed some trades before the news which is a good thing. No regrets because that your own rule which you have discipline to follow your own rules. Please post some charts along so it can help other new traders to learn from...

Hey emmanuel778! thanks a lot. I will be sticking with this for long time as well .

I did trade too many pairs that's for sure. I don't normally do that but I saw many good signals and was only using micro lot. So I said hey, if I'm losing here I'll just close them early and continue with the ones that I am wining. e.g nzd/jpy & nzd/usd were losing so i just dumped them very early and minimized loses as they started to go north!


I read the the Best of BigE pdf which helped greatly

I put two charts here that I had the most winnings....!
aud/usd
eur/aud

both very strong signals, but exited the e/a too early as I am very cautious with news releases. As long as I got some extra pips on my already winning position I'm good! I don't really know how to trade news anyway, I have been burned few times so I get nervous.

Had shorts on both gbp/usd and eur/usd, but they showed no movement when they should have fallen a bit , so I was a bit worried + major news . I kept these for ~8 hours and no action! so I just closed them. When the news came they both dropped massively, but I don't care too much since I was winning on other pairs.


Right now I'm trying to get used to longer time frames (4 h +)
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