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Trading Made Simple

  • #21,681
  • Jul 11, 2013 11:59pm Jul 11, 2013 11:59pm
Quoting emmanuel7788
Question to all members trading TMS: Who wants .. Come Into My Trading Room ?
I do.
  • #21,682
  • Jul 12, 2013 12:15am Jul 12, 2013 12:15am
EJ 12 Jul:
It was quite fun trading with some of you during the NY open half session.
Some of you got some good number of pips ... until London close. be warned about London closing when market is not trending.

Now as promised, see EJ H4 and its PAC.

It is Friday market again, so don't expect big move and holding trades over the weekend. For this pair, trade low TF and get out before NY closes today.

I am kind of lethargic right now after a late lunch .... ... need to make myself a double espresso...be back soon!
Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4 PAC 12-7-2013 12-57-14 PM.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,683
  • Jul 12, 2013 12:43am Jul 12, 2013 12:43am
Well, very interesting story, but can you make the color black?
  • #21,684
  • Jul 12, 2013 12:45am Jul 12, 2013 12:45am
Quoting longbk
hello fellow i traded TMS for 2 month, pls tell me signal to exit TMS trade? i always have good entry but always lose some pips when market reversal.thanks.i always trade EU,AU,UJ,EJ and h1 timeframe.thanks
Hi longbk,

let me see...

you traded TMS for 2 months in H1 timeframe and you always have good entry.
Exit is simple then ... always exit before market reverse ... i.e. when you see a good entry in the opposite direction of your trade, this what some call trade invalidation.

- how many H1 trades done so far in 2 months?
- what are your trading hours?

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,685
  • Jul 12, 2013 1:01am Jul 12, 2013 1:01am
Quoting emmanuel7788
{quote} Hi longbk, let me see... you traded TMS for 2 months in H1 timeframe and you always have good entry. Exit is simple then ... always exit before market reverse ... i.e. when you see a good entry in the opposite direction of your trade, this what some call trade invalidation. - how many H1 trades done so far in 2 months? - what are your trading hours? regards, EMMANUEL
i do about 150 trades, my favourite's pull back candelstick, break out asian seasion with strong maket move, but some time i do on a retracement on fibo,it's move good for few hour then reversal,i lose many pips,i always read phx62 comment,i see him is good trader in H1 , but i can't see chart all time, how can trade with no stress ?
  • #21,686
  • Jul 12, 2013 1:02am Jul 12, 2013 1:02am
Here is an example how you can use M5 to get an entry after you see a H1 pullback candle.
Remember PA is ranging in H4 within its PAc which about 75pips wide... good to scalp and also set TP expectation,
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 12 Jul H1 trade with M5 PAC entry 12-7-2013 1-19-12 PM.png Size: 109 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,687
  • Jul 12, 2013 1:23am Jul 12, 2013 1:23am
EJ 12 Jul h1 trade update partial exit +34pips, BE trade.
Final TP set at lower H4 PAC ... 2R trade target.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 12 Jul H1 trade exit1 12-7-2013 2-19-23 PM.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,688
  • Jul 12, 2013 1:27am Jul 12, 2013 1:27am
Quoting emmanuel7788
Question to all members trading TMS: Who wants .. Come Into My Trading Room ?
I think anyone in this thread want to join you emmanuel,you are such a nice guy. I would like to join too. But I hope it doesn't put more burden on your shoulder and it will be a place for us to learn. And IMO if you want to make it work you should have some set of rules for it so no one will take it as a signal center.

Anyway,about today market. The market pre-LO seems really quiet. Maybe the market is run out of steam today after a lot of news happen this week. But let's wait and see if the LO will give us anything .
  • #21,689
  • Jul 12, 2013 1:31am Jul 12, 2013 1:31am
hi emmanuel7788,

thank you for you information about 5 ema using with tms system!!!

what do you mean about this triangle????

market is flat now but i think it will be a good short trade if market will give us a signal!!!

Attachment
  • #21,690
  • Jul 12, 2013 1:34am Jul 12, 2013 1:34am
Sorry i forgot the usdyen chart!!

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh1.png Size: 49 KB
  • #21,691
  • Jul 12, 2013 1:38am Jul 12, 2013 1:38am
Quoting longbk
{quote} i do about 150 trades, my favourite's pull back candelstick, break out asian seasion with strong maket move, but some time i do on a retracement on fibo,it's move good for few hour then reversal,i lose many pips,i always read phx62 comment,i see him is good trader in H1 , but i can't see chart all time, how can trade with no stress ?

my thoughts:
- 150 trades in 2 months that's 40 tradings days, which means more than 3 trades per day. Slightly on the high side but experienced traders can achieve that.

- you pointed out 3 of the common H1 intraday trading -

1) pullback candle
2) Asian session range bearkout
3) Fib retracement S&R

Exits:
You have a question on when to exit your trades, but..
you did not explain what type of entry and exits you use.
Do you trade with Single Entry / Single Exit or Single Entry / Multiple Exits?

I think going forward, it would be good for you to post your trades with charts and we can discuss the entry and exits aspects in trading H1.

Every H1 trade can run for 2 to 6 hours maximum, therefore unless you can sit and manage trade manually for the first 2 hours, then you need to use a trade manager EA.

Trading comes with some stress. you need to develop the mental fitness to handle the stress. No way out of this one. No zero stress trading when we trade manually.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,692
  • Jul 12, 2013 1:48am Jul 12, 2013 1:48am
thanks emmanuel,

this is my first week that i'm using TMS system... it works very well!!!!

but i'm at the beginnig and every helps from you is precious for me..

thanks again and good trading to you!!!

francesco
  • #21,693
  • Jul 12, 2013 1:49am Jul 12, 2013 1:49am
Quoting frank_seb
Sorry i forgot the usdyen chart!! {image}
your H1 chart definitely show market contraction at 99.00


see my comments to member harvman UJ post above.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,694
  • Jul 12, 2013 2:00am Jul 12, 2013 2:00am
Quoting eleva_urune
Well, very interesting story, but can you make the color black?
...one-liner post don't make any sense to me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,695
  • Jul 12, 2013 2:11am Jul 12, 2013 2:11am
Here is an example how I view H1 price pullback and checking M5 to see it PA and determine if I can use that H1 pullback and look for Buy entry.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 12 Jul pre-LO H1 vs M5 12-7-2013 3-05-45 PM.png Size: 94 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,696
  • Edited 3:07am Jul 12, 2013 2:33am | Edited 3:07am
Quoting Axiom
{quote} Hi Everyone Hate to disappoint . "Come Into My Trading Room" is Dr Alexander Elder's second book. (Remembe the first "Trading For A Living"?). It comprises three parts - here's an extract: Part One, Financial Trading for Babes in the Woods, is written primarily for those who are just becoming interested in trading. It lays out topics whose mastery is essential for success and puts up danger signs around the main pitfalls. Even experienced traders would do well to review this chapter, especially the concept of external barriers to success,...
Wow,never thought of it in that way. And if that what emmanuel means I want to say :emmanuel,you are one hell of a guy . One of the most exciting way to recommend everyone a new book.

Anyway,back to trading. I'm keeping my eyes on AU and EJ now. AU H4 chart are possible will have another IB after 2 previous IB.

Updated: Waiting for EJ and AU H4 candle to close to see what the market will give us. If you can see on AU H1 chart,PA are still ranging inside a triangle. Today is Friday so expected low volume in the market. Trade carefully everyone.
Attached Images
  • #21,697
  • Jul 12, 2013 3:09am Jul 12, 2013 3:09am
Quoting Axiom
{quote} Hi Everyone Hate to disappoint . "Come Into My Trading Room" is Dr Alexander Elder's second book. (Remembe the first "Trading For A Living"?). It comprises three parts - here's an extract: Part One, Financial Trading for Babes in the Woods, is written primarily for those who are just becoming interested in trading. It lays out topics whose mastery is essential for success and puts up danger signs around the main pitfalls. Even experienced traders would do well to review this chapter, especially the concept of external barriers to success,...

hi Axiom,

here is the book cover of that book of same title:

regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: Come into my Trading Room - A Elder.png Size: 170 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,698
  • Jul 12, 2013 3:11am Jul 12, 2013 3:11am
EJ 12 Jul trade got stopped out.
Now made re-entry. Strong H4 bearish engulfing candle.
Attached Image (click to enlarge)
Click to Enlarge Name: Ej 12 July re-entry 12-7-2013 3-59-06 PM.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,699
  • Jul 12, 2013 3:15am Jul 12, 2013 3:15am
Quoting frenetic
{quote} Wow,never thought of it in that way. And if that what emmanuel means I want to say :emmanuel,you are one hell of a guy . One of the most exciting way to recommend everyone a new book. Anyway,back to trading. I'm keeping my eyes on AU and EJ now. AU H4 chart are possible will have another IB after 2 previous IB. Updated: Waiting for EJ and AU H4 candle to close to see what the market will give us. If you can see on AU H1 chart,PA are still ranging inside a triangle. Today is Friday so expected low volume in the market. Trade carefully...
frenetic,

that book has all the pre-requisites .... one has to fulfil.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,700
  • Jul 12, 2013 3:23am Jul 12, 2013 3:23am
Quoting emmanuel7788
{quote} frenetic, that book has all the pre-requisites .... one has to fulfil. regards, EMMANUEL
Yup,thanks for the recommendation emmanuel and thanks Axiom for the quick review
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