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Trading Made Simple

  • #21,741
  • Jul 12, 2013 10:50am Jul 12, 2013 10:50am
Quoting mike1349
{quote} Sorry ,Which 10 EMA? In what TF do you mean?I only Have 5 MAs in my Different TFs.

you forgotten the 10EMA peacock chart.
mine was a techncail question that you placed a 10EMA (close, shift0) and a 5 Smoothed MA (Median price, shift0) and see if they are the same .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,742
  • Jul 12, 2013 10:57am Jul 12, 2013 10:57am
would eurusdd or the super madmoney be kind to sum it all up as everything seems to be all over the place...

iam sure other traders with your support would really appreciate it.

something like being spoon fed would be great .
  • #21,743
  • Jul 12, 2013 11:01am Jul 12, 2013 11:01am
Quoting emmanuel7788
{quote} frenetic exactly I was thinking the same when I made my post. This being a retracement of the H4 and D, this is risky trade . entry should be during candle#2 as it retraces into the candle#1 range to get a better entry price. The way to do this it to get a lower TF entry either in H1 or M15/M5. regards, EMMANUEL


As tools to get the right entry, would you use a fib 50% retracement and/or close below PAC on the M15 chart as illustrated in attached charts?
Like you said, this could just be a small retracement of the H4/Daily. How does one know with a bit more certainty?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: [GBPUSD,H1]_2013-07-12.jpg Size: 63 KB
Click to Enlarge Name: [GBPUSD,M15]_2013-07-12.jpg Size: 157 KB
  • #21,744
  • Jul 12, 2013 11:06am Jul 12, 2013 11:06am
Quoting emmanuel7788
{quote} Hi Axiom, The entry and exit rules for H1 are different from the 4H enryy and exit rules. 4H trading - the TDI is king. H1 trading - PA is king and the TDI cross is used for confirmation of the PA. There are a few common chart conditions which can be used for looking for H1 day trades. It is Friday so i don't have time now to write more on this now. Let's try look for trade setups next week for our practice. regards, EMMANUEL


Great.
Looking forward to it, and THANKS.
Axiom
  • #21,745
  • Jul 12, 2013 11:06am Jul 12, 2013 11:06am
Quoting emmanuel7788
{quote} you forgotten the 10EMA peacock chart. mine was a techncail question that you placed a 10EMA (close, shift0) and a 5 Smoothed MA (Median price, shift0) and see if they are the same .
Yes,They are.White and Red lines..
Attached Image (click to enlarge)
Click to Enlarge Name: test.png Size: 22 KB
Failure, is a wonderful teacher!
  • #21,746
  • Jul 12, 2013 11:10am Jul 12, 2013 11:10am
Quoting Phx62
Here are my EJ H1 trades for this week.....most of the trades were based on pullback formations....used a triple top for one and couple of small continuation trades. Overall, a really good week. {image}

Inspiring as usual Phx62,congrats. I want to ask you about a few think on your chart,hope that you can tell me your opinion about that. So here it is: (I will use the time on your chart)

  1. LO on the 9th,you entered 1 hour before NYO when TDI already crossed. You didn't take a short when LO because APB had both upper wick and lower wick and TDI didn't cross right? Sometimes I see you take the trade even the candle had both wicks and TDI didn't cross. What was your thought on this one?
  2. LO on the 10th,you entered after price pull back from the high of LO session at that moment and green bounced off red or you have another reason to enter that trade?

This week there are a lot of LO candle fakeout so I just want to know your chain of thoughts when these things happen. It will help not only me but a lot of traders here I think. Thank you.
Well,at least this week I'm doing better than the last. I did take some EJ trade just like yours so maybe I'm on the right way .

  • #21,747
  • Jul 12, 2013 11:14am Jul 12, 2013 11:14am
Quoting mike1349
{quote} Yes,They are.White and Red lines.. {image}


nice, so where do you think the PAC is among these two MAs?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,748
  • Jul 12, 2013 11:25am Jul 12, 2013 11:25am
Quoting emmanuel7788
{quote} nice, so where do you think the PAC is among these two MAs?

These 2 MAs are among the PAC. Yellow lines are PAC and white line (10 ema) is in between.

Sorry if I am making you tired.
Attached Image (click to enlarge)
Click to Enlarge Name: test2.png Size: 17 KB
Failure, is a wonderful teacher!
  • #21,749
  • Jul 12, 2013 11:31am Jul 12, 2013 11:31am
Hi guys,

I don't suppose anyone has an overlay indi for a 4 hour candle do they?

So I can see 4 hour Japanese candles over the top of 15 min candles.

Any help gratefully received.

Have a great weekend

Adam
  • #21,750
  • Jul 12, 2013 11:38am Jul 12, 2013 11:38am
Quoting adamjhdavis
Hi guys, I don't suppose anyone has an overlay indi for a 4 hour candle do they? So I can see 4 hour Japanese candles over the top of 15 min candles. Any help gratefully received. Have a great weekend Adam

I guess you need this:

http://www.forexfactory.com/showthre...84#post6119084


it is !#_D1candle Indi
Failure, is a wonderful teacher!
  • #21,751
  • Jul 12, 2013 12:00pm Jul 12, 2013 12:00pm
Quoting mike1349
{quote} I guess you need this: http://www.forexfactory.com/showthre...84#post6119084 it is !#_D1candle Indi
Top man Mike that's the one couldn't remember the name of it for the search thank you.
  • #21,752
  • Jul 12, 2013 2:12pm Jul 12, 2013 2:12pm
Quoting Phx62
Here are my EJ H1 trades for this week.....most of the trades were based on pullback formations....used a triple top for one and couple of small continuation trades. Overall, a really good week. {image}
Wowww!!!
thanks for you weekly chart!
have a nice weekend!
  • #21,753
  • Jul 12, 2013 2:14pm Jul 12, 2013 2:14pm
Quoting Phx62
Here are my EJ H1 trades for this week.....most of the trades were based on pullback formations....used a triple top for one and couple of small continuation trades. Overall, a really good week. {image}
Phx62,

I agree with frenetic that your weeks tradings are simply inspiring. To reach that level one day would fulfill a dream. At this time I am still trying to understand, let alone perform....

1. May I ask your exit reason for the first trade of the week? Is it simply expecting a reversal at LO coincidentally with price being at prev day high?

2, What was your entry reason after the triple top? Reading pdf I and II of your trades I would have thought one should enter as PA broke the low of the previous blue candle?

Grateful if you could answer these. I am really impressed at what you and emmannuel7788 are doing for this thread.

V/r

haff
  • #21,754
  • Jul 12, 2013 2:36pm Jul 12, 2013 2:36pm
Quoting frenetic
{quote} Inspiring as usual Phx62,congrats. I want to ask you about a few think on your chart,hope that you can tell me your opinion about that. So here it is: (I will use the time on your chart) LO on the 9th,you entered 1 hour before NYO when TDI already crossed. You didn't take a short when LO because APB had both upper wick and lower wick and TDI didn't cross right? Sometimes I see you take the trade even the candle had both wicks and TDI didn't cross. What was your thought on this one? LO on the 10th,you entered after price pull back from the...
You are correct. The LO candle was an indecision candle...no direction....the next inside candle and the next one after that, also indecision candles. The 4th candle moved down and broke the low of the first three candles. I entered on a classic TMS entry.....the open of the second candle....the TDI had just crossed over the red and the yellow when that candle opened....classic TMS. There was no entry signal from LO until the second red candle opened.
On the 10th, there had already been a big move down during the Asian session off from a triple top. Based on that TT, I expected price to continue down. Price retraced from the Asian move to almost the 61.8 fib and then reversed again....once it broke below last weeks low and green was still below red and yellow, I entered the trade....barely hit my TP because it was so late in the London session and the move was close to reaching the ADR for the day.....I was lucky to get the 50 pips....would have closed for 40 on a reversal but price came straight down to my TP.
If you are following the TMS rules , you are on the right track.....TMS plus price action is the only way to go......
  • #21,755
  • Jul 12, 2013 2:48pm Jul 12, 2013 2:48pm
Quoting Phx62
Here are my EJ H1 trades for this week.....most of the trades were based on pullback formations....used a triple top for one and couple of small continuation trades. Overall, a really good week. {image}
Inspiring as usual Phx62. Including your beginning of the week trades, I count over 700 pips in the bag for you. I remember you saying you dont post many losing trades. Does that mean you made about 10 consecutive winning trades in a row this week?
  • #21,756
  • Jul 12, 2013 3:01pm Jul 12, 2013 3:01pm
Quoting haff
{quote} Phx62, I agree with frenetic that your weeks tradings are simply inspiring. To reach that level one day would fulfill a dream. At this time I am still trying to understand, let alone perform.... 1. May I ask your exit reason for the first trade of the week? Is it simply expecting a reversal at LO coincidentally with price being at prev day high? 2, What was your entry reason after the triple top? Reading pdf I and II of your trades I would have thought one should enter as PA broke the low of the previous blue candle? Grateful if you could...
haff,
1. 1st Trade of the Week: Time of day is very important when making decisions like the one you asked about. When price broke the high of the previous day, I entered with some caution because we were close to the LO and anything can happen at LO. Once price pulled back a little and London was about to open, I took what pips I could get. If price had move long again following LO, I would have re-entered long. Instead, price went into consolidation as I explained in my last post, so I waited for a signal to enter.
2. Triple Top: Price had already tested that resistance area twice before and when it could not break through on the third try, and the candle prior to that blue candle that tested for the third time was a red pullback candle, I gave it a try and entered....just some intuition and experience, I guess. It was an aggressive entry based on the fact it was a triple top, not a double top. The conservative entry would have been to enter as you suggested, on the break below the last blue candle.
PDF's: When you read those PDF's, please understand that my trading is constantly evolving and I make adjustments to my trading plan as I pick up new information and discover new ideas while I am back testing and forward testing...I have to strive to get better at this all the time.....the market is constantly changing and we all have to do the same.
  • #21,757
  • Jul 12, 2013 3:02pm Jul 12, 2013 3:02pm
Quoting tenmilewalk
{quote} Inspiring as usual Phx62. Including your beginning of the week trades, I count over 700 pips in the bag for you. I remember you saying you dont post many losing trades. Does that mean you made about 10 consecutive winning trades in a row this week?
Yes, no losers this week......knock on wood.....
  • #21,758
  • Jul 12, 2013 3:08pm Jul 12, 2013 3:08pm
Quoting Phx62
{quote} Yes, no losers this week......knock on wood.....
That is so sexy
  • #21,759
  • Jul 12, 2013 3:49pm Jul 12, 2013 3:49pm
Quoting emmanuel7788
Question to all members trading TMS: Who wants .. Come Into My Trading Room ?
Yes please I so want to be a good trader and help other people as you do. You are an inspiration in a selfish and greedy world.
  • #21,760
  • Jul 12, 2013 4:10pm Jul 12, 2013 4:10pm
Good day thr traders,

I am still kind of new in this Forex trading, need some guidance pls.
Where and how can I get Traders Dynamic Index indicator ?
I have tried searching in the indicators list in my platform but its not there. Can someone pls guide me how to set up the indicators in my platform ?

P/s - I've tried the attatchements of the indicators that eelfranz have added on but its not working either.

Thank you
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