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Trading Made Simple

  • #21,401
  • Jul 4, 2013 8:56pm Jul 4, 2013 8:56pm
EU & GU are already bearish. Maybe a short AU trade with a new candle at 12AM EDT for me? Only time will tell.
Attached Image (click to enlarge)
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  • #21,402
  • Jul 4, 2013 9:32pm Jul 4, 2013 9:32pm
(i think) nzd/usd seems to be forming a nice short setup... for 50 - 60 pip profit


The red candle need to go below the 5 ma and the green needs to cross red though!

I will open a micro lot with 24 pip sl .

This is the only pair that seems to give a nice signal for me atm.

Maybe aud/usd a lil later...
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  • #21,403
  • Jul 4, 2013 11:01pm Jul 4, 2013 11:01pm
""I finally fired my boss""

How nice it would be!!!

Regards

Roy
  • #21,404
  • Jul 4, 2013 11:03pm Jul 4, 2013 11:03pm
Quoting emmanuel7788
{quote} Mike, take your time on this one... your junior will grow up and one day, you will impart your skills to a 10 year old trader. It took me 9 long years until that month Dec 2007 when I finally fired my boss and went on a long vacation. there is plenty to learn and develop to achieve trading mastery... you need to go though the various stages and finally reach the level of unconscious competence. Patience is one key to be successful as a trader. regards, EMMANUEL {image}
How nice it would be!!! Best regards,

Roy
  • #21,405
  • Jul 5, 2013 12:15am Jul 5, 2013 12:15am
Quoting Flaviu1981
{quote} 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?
yes, I enter on the 1st or 2nd candle apb change color and I try to enter the trend with a configuation candle potential
  • #21,406
  • Jul 5, 2013 12:32am Jul 5, 2013 12:32am
hi everyone, i have been trading this method with 15m tf and the indicators at the first page for a week and i finally profit in this market after losing a lot of money. as i started to follow this thread, i realize that the TDI indicators you guys posted is quite different, i have search it on this thread and download the indicator but i am not sure how it works and may i know do i have to modify my indicator to avoid fake signal? and may i know how to avoid fake signal with this system? thank you everyone

good day everyone!
  • #21,407
  • Jul 5, 2013 12:50am Jul 5, 2013 12:50am
Quoting mm2mm
{quote} 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....!...
Hi mm2mm,
I like the way you add position when the price pullback after the first entry candle.
this is how professional traders trade by building up positions to full risk as market move in their favour.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,408
  • Jul 5, 2013 1:00am Jul 5, 2013 1:00am
we have another 2 hours before the current H4 candle closes.
Only AU and NU show potential 4H setup.
UCad has data release later when Ny open, so it will be volatile.
EU, GU and UChf in consolidation after yesterday's string move, we shall see if there is continuation to jump in.

NFP today, so we may see slow market when LO.
Low TF scalping may work out better until NYO.
Attached Image (click to enlarge)
Click to Enlarge Name: USD pairs 2hr before LO.png Size: 119 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,409
  • Jul 5, 2013 1:13am Jul 5, 2013 1:13am
Hello, this system is extra!

But there is very nullity to money managament!

Anyway im in gold and it's now 80+ pips
UJ + 29 pip
AU -5 pip

I just so you're using also synergy system? It's look nice, but all system looks nice in the past...
  • #21,410
  • Jul 5, 2013 2:00am Jul 5, 2013 2:00am
Quoting veni1604
Hello, this system is extra! But there is very nullity to money managament! Anyway im in gold and it's now 80+ pips UJ + 29 pip AU -5 pip I just so you're using also synergy system? It's look nice, but all system looks nice in the past...

Hello veni1604,

I think I am lost in translation and cannot understand fully your post.

Did you buy or sell gold, AU and UJ?

TMS is a trend trading method. Hence like all trend trading systems, history charts looks nice and easy to trade the trends.

The real challenge trading TMS is how to identify the market type - trending, narrow ranging or wide ranging market types. These are the three market type i would like to identify and adapt trading with TMS. Therefore I am sticking to 4H period for swing trading with consistent approach using multi timeframe analysis MTFA. This has given me enough trades every 20 trading days. When I want to day-trade and scalp, I drop down to H1 and M15/M5 timeframes.

Money management is very lacking discussion in this thread. We all read how Big E trade with his Entry and Exits rules purely using TDI and APB. But that is Big E own personal style trading with standard lots $10 per pip. He also scalps H4 and that initially baffles me how someone can scalp H4. But I figured that out after a while.

I look forward to read more members post their charts before they take their trades, then post their trades and discuss money management, postion sizing, trade management, etc. to help them fulfil their financial targets in trading the forex market.

I believe every trader who wants to trade TMS and be successfull in building a supplement income must learn and develop TMS into a personalised system.

Look forward to read more of your posts and joining the discussions here.

Good Trading!

Regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,411
  • Jul 5, 2013 2:11am Jul 5, 2013 2:11am
Hey, thanks for fast answer.

Uj buy - profit
Au sell - stop loss, i do not enter again, candle is to small to trade (to small stop loss i think)
Gold sell - profit

Now i will post my char there ;-)

Cheers
  • #21,412
  • Jul 5, 2013 3:05am Jul 5, 2013 3:05am
Quoting emmanuel7788
we have another 2 hours before the current H4 candle closes. Only AU and NU show potential 4H setup. UCad has data release later when Ny open, so it will be volatile. EU, GU and UChf in consolidation after yesterday's string move, we shall see if there is continuation to jump in. NFP today, so we may see slow market when LO. Low TF scalping may work out better until NYO. {image}

Now you compare the two charts below.
Look at AU 2 hours later, it is so important to wait for the candle to close to confirm if the APB will be changed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD pairs 2hr before LO.png Size: 119 KB
Click to Enlarge Name: USD pairs LO+1 5-7-2013 4-00-04 PM.png Size: 119 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,413
  • Jul 5, 2013 3:49am Jul 5, 2013 3:49am
Any advice appreciated

A quick breakout trade. Daily low/support broken after LO. 200 ema broke past.
Attached Image (click to enlarge)
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  • #21,414
  • Jul 5, 2013 4:09am Jul 5, 2013 4:09am
Quoting tenmilewalk
Any advice appreciated A quick breakout trade. Daily low/support broken after LO. 200 ema broke past. {image}

there was an entry after the H4 pullback candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,415
  • Jul 5, 2013 4:14am Jul 5, 2013 4:14am
Quoting emmanuel7788
{quote} there was an entry after the H4 pullback candle.
hello emmanuel, what does that mean? use h4 to trade h1?
  • #21,416
  • Jul 5, 2013 4:26am Jul 5, 2013 4:26am
Hi Folks
took 2 trades tonight. GU sell and EJ sell
With GU sold 50% at + 15 pips, trailing stop hit for remainder at - 3 pips, should have given the trade more breathing room.
With EJ sold 50% at + 30 pips, trailing stop hit for remainder at + 23 pips. Probably should have given this one more room as well.
Happy with my trades this week as I used more patience and got rewarded for it.
account up just under 10% for 4 days trading.
Hope the patience continues.
Have a good weekend everyone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20130705 sell eurjpyh4.png Size: 63 KB
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  • #21,417
  • Jul 5, 2013 4:35am Jul 5, 2013 4:35am
Quoting tenmilewalk
{quote} hello emmanuel, what does that mean? use h4 to trade h1?
Normally I start the day looking at D1 to see if there is a strong bias.
Today, yes since previous 2 days was bearish close. Recall that Wed was a BEEB.

So today TOK I look for Fib retracement entry of yesterday' High-Low... perfect as price retraces to Fib50% and a nice H4 puillback candle. There is also a H1 IB in that 4H period.
This is s high probability type of PA setup... for continuation of the Day trend.

Here is a Triple Screen view of things. I recommend new traders use this triple screen and practice how to use mutli-timeframe to trade.

Trade Well folks.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 5 July Triple Screen 5-7-2013 5-23-16 PM.png Size: 93 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,418
  • Jul 5, 2013 4:38am Jul 5, 2013 4:38am
Quoting rob Miller
Hi Folks took 2 trades tonight. GU sell and EJ sell With GU sold 50% at + 15 pips, trailing stop hit for remainder at - 3 pips, should have given the trade more breathing room. With EJ sold 50% at + 30 pips, trailing stop hit for remainder at + 23 pips. Probably should have given this one more room as well. Happy with my trades this week as I used more patience and got rewarded for it. account up just under 10% for 4 days trading. Hope the patience continues. Have a good weekend everyone. {image} {image}

Hi rob,
I Like when traders make 10% in ca 5 trading days. Good money management + risk management + trade management ... it is about management.
managing entries and exits, that's trading made simple.

Congrats!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,419
  • Jul 5, 2013 4:43am Jul 5, 2013 4:43am
Quoting emmanuel7788
{quote} Normally I start the day looking at D1 to see if there is a strong bias. Today, yes since previous 2 days was bearish close. Recall that Wed was a BEEB. So today TOK I look for Fib retracement entry of yesterday' High-Low... perfect as price retraces to Fib50% and a nice H4 puillback candle. There is also a H1 IB in that 4H period. This is s high probability type of PA setup... for continuation of the Day trend. Here is a Triple Screen view of things. I recommend new traders use this triple screen and practice how to use mutli-timeframe...
noted. thanks you very much.
  • #21,420
  • Jul 5, 2013 5:16am Jul 5, 2013 5:16am
Hi rob, I Like when traders make 10% in ca 5 trading days. Good money management + risk management + trade management ... it is about management. managing entries and exits, that's trading made simple. Congrats![/quote]Hi Emmanuel,
Thanks for the kind words.
I am finding, it is not just taking trades, but leaving trades alone that are just as important.
not to mention looking at charts and reading the forum.

Thanks for all your input to developing the traders in the forum.
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