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Trading Made Simple

  • #21,421
  • Jul 5, 2013 5:26am Jul 5, 2013 5:26am
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...
I took that EJ trade too,and thank you for your insight emmanuel. Everyday is learning day for me in this thread . I think I might need a larger monitor than my laptop monitor though
  • #21,422
  • Jul 5, 2013 5:29am Jul 5, 2013 5:29am
Hi Rob Miller

I think i have that problem too leaving trades alone, I think that goes in the bracket of overtrading...lol

Anyway I'm still fairly new too the forum and I thought let you all know I've made my first live trades wanting alittle input though as too where it mite be heading

GJ entered H4 not ideally i know on a rebounce thinkin there more mileage in the trade @ 150.441
Just nreaking thru S1 weekly s?R
Also

EJ entered H4 again on a re bounce @ 129.166

In the UK currentky 11.30 H4 candle renews @ 1pm just as the US opens wondering what effect this mite have
  • #21,423
  • Jul 5, 2013 5:37am Jul 5, 2013 5:37am
Several years ago, when I just started learning Forex trading, I found Heikin-Ashi candle. For some reason (provably due to language barrier), I mistakenly thought and read it as 'Heineken-Asahi'. (Names of beer.) It took me several months before I corrected my reading. ​

Have nice Friday and enjoy cool beer tonight.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #21,424
  • Jul 5, 2013 5:50am Jul 5, 2013 5:50am
Quoting heispark
Several years ago, when I just started learning Forex trading, I found Heikin-Ashi candle. For some reason (provably due to language barrier), I mistakenly thought and read it as 'Heineken-Asahi'. (Names of beer.) It took me several months before I corrected my reading. ​ Have nice Friday and enjoy cool beer tonight.


I need a 5-Liters after this long week.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,425
  • Jul 5, 2013 7:36am Jul 5, 2013 7:36am
Quoting emmanuel7788
{quote} . Recall that Wed was a BEEB. {image}
Sorry Emmanuel.I am still not good in these short words. Doesn't BEEB stands for Bearish Engulf Bar? If yes then Wed was an Engulf or Inside bar?
I am still new here so sorry if it's a simple question.

Regards
Mike
Failure, is a wonderful teacher!
  • #21,426
  • Jul 5, 2013 8:30am Jul 5, 2013 8:30am
Quoting mike1349
{quote} Sorry Emmanuel.I am still not good in these short words. Doesn't BEEB stands for Bearish Engulf Bar? If yes then Wed was an Engulf or Inside bar? I am still new here so sorry if it's a simple question. Regards Mike
Doesn't BEEB stands for Bearish Engulf Bar? YES
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,427
  • Jul 5, 2013 8:52am Jul 5, 2013 8:52am
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...
Thanks...SO in this post I think you should chang BEEB to BEIB . I guess.
Please advise.
Failure, is a wonderful teacher!
  • #21,428
  • Jul 5, 2013 8:57am Jul 5, 2013 8:57am
Quoting mike1349
{quote} Thanks...SO in this post I think you should chang BEEB to BEIB . I guess. Please advise.

no, ... the wed bar is correct BEEB.
thursday is IB.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,429
  • Jul 5, 2013 9:02am Jul 5, 2013 9:02am
Quoting emmanuel7788
{quote} no, ... the wed bar is correct BEEB. thursday is IB.

you are right....sorry...I need to take a break.....My brain has crashed in the middle of these charts
Failure, is a wonderful teacher!
  • #21,430
  • Jul 5, 2013 9:07am Jul 5, 2013 9:07am
Quoting emmanuel7788
{quote} I need a 5-Liters after this long week. {image}

I am already drunk!
Failure, is a wonderful teacher!
  • #21,431
  • Jul 5, 2013 9:18am Jul 5, 2013 9:18am
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...
Ok...After few more times reading it ..now I got it.....Thanks for sharing it. It is a little bit tricky that how you trade and inside bar in H1 from another IB in H4......
fantastic.....
Regards
Failure, is a wonderful teacher!
  • #21,432
  • Jul 5, 2013 9:32am Jul 5, 2013 9:32am
i guys, i'm francesco and i'm an italian trader.. i've a stupid question about TDI. i have seen that all the lines of TDI move at the beginning of the new candle. it is correct or my TDI doesen't work well???
thank you and good trading for all
  • #21,433
  • Jul 5, 2013 12:21pm Jul 5, 2013 12:21pm
Quoting emmanuel7788
{quote} 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
Hi Emmanuel,

Invaluable videos and free education! I did spend good amount of time grasping the rules, learning about TDI behavior, placing S/L, etc...

TMS is giving me a great amount of confidence! I need to work on the trading TF I should be using provided that I don't have choice to monitor
during the day. Novice traders tend to be impatient, but smaller TFs eat accounts... I am using 1H but might be better to stick to 4H. Anyway I already have positive results with TMS.

Have a great weekend,
Hins
  • #21,434
  • Jul 5, 2013 12:46pm Jul 5, 2013 12:46pm
Quoting frank_seb
i guys, i'm francesco and i'm an italian trader.. i've a stupid question about TDI. i have seen that all the lines of TDI move at the beginning of the new candle. it is correct or my TDI doesen't work well??? thank you and good trading for all
Hi Francesco,

There are 2 version of TDI --one is not updating in real-time, i.e. it calculates its new values only when the current bar closes.
The other is calculated on each tick(I haven't tried it myself). You can search and try the real-time version in the attachments of this thread.
Also this has been explained somewhere in previous posts.

Hope this helps,
Hins
  • #21,435
  • Jul 5, 2013 2:20pm Jul 5, 2013 2:20pm
Hi Hins, thank you very much!!!
have a nice week-end...

Francesco
  • #21,436
  • Jul 5, 2013 10:04pm Jul 5, 2013 10:04pm
Hi Folks,

How many of you figured out the NFP whether it was pro-USD before the data release?

It is weekend again so we have time to read and do the usual back-testing.

For those who are new to trading and trading TMS, you need to read post#1 and post#2 again.
Do everything which post#1 says ... including to be active in this thread....
Study post#2 chart - do you see the Entry and Exits on that training chart. Count how many possible entries there were and how many exits which could have maximise profits.

This TMS method is very simple and there isn''t a lot more to share here excpet to keep repeating the same things over and over again. It is going to be boring for the more experienced traders to read the repetitions. So please post your charts with reviews, analysis of the currency pairs, trade ideas, plans, ask questions, make suggestions, post your trades, etc. and to keep the learning going.

Have a Great Weekend!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,437
  • Jul 6, 2013 4:26am Jul 6, 2013 4:26am
Hey There

Just came across the EUR/AUD on my weekly analysis. I see some signs of weakness:

- Higher upper wicks
- Hanging man 2 weeks ago
- TDI very overbought

This could be a potential reversal point. The only thing i noticed is that the last 3 weeks still made higher lows. Whats your opinion on

Have a great weekend
Lukas

Attached Image (click to enlarge)
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  • #21,438
  • Jul 6, 2013 4:32am Jul 6, 2013 4:32am
So this is my first 4 hour TMS trade for a while, my question is: -

Was this successful because of NFP?
It was going the wrong way for quite a while up til this point.

I'm obviously very please with the result but just need to know did I enter correctly and was it a good setup.

white vertical line is entry time
green line is entry price
red line is exit.

Have a great weekend all.

Regards

Adam

http://charts.mql5.com/1/974/nzdusds...ad-trading.png
  • #21,439
  • Jul 6, 2013 12:48pm Jul 6, 2013 12:48pm
Hey everybody,
emmanuel thank you very much for your links and for your help.

Took this trade on E/U when the NFP appears. Entered and exited to late. For the next time when the NFP will appear i take a tight SL and a larger TP. Now i know that the NFP are news with lots of potential to trade.

Have a nice weekend.

Regards,
FX94
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-ibfx-australia-pty.png Size: 32 KB
  • #21,440
  • Jul 6, 2013 10:53pm Jul 6, 2013 10:53pm
Quoting emmanuel7788
Hi Folks, How many of you figured out the NFP whether it was pro-USD before the data release?
planned to close the trade before nfp but then moved s/l to 20p before and took a chance.
more of a gambling than trading maybe.
Attached Image (click to enlarge)
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