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Trading Made Simple

  • #21,941
  • Jul 17, 2013 5:11am Jul 17, 2013 5:11am
Quoting emmanuel7788
You know the TMS technical setups. You know the Rules for Entry and Exit. You spot the trade setups on your charts. Do you still have problem to pull the trigger? If you do, please make a post here and share your thought why you did not pull the trigger. Also post your chart and write someting on what you see. Never mind if you think your English language is not good. We all share the common language when we use our charts. Regards, EMMANUEL
emmanuel7788 , Thank you for you offer of help ,can you please tell me what went wrong when I pulled the trigger here ?
I use a demo account for now to learn and I tried to follow the TMS method as is, I entered short on the second candle from the cross on London session, please have a look on the white square.
thanks
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  • #21,942
  • Jul 17, 2013 5:23am Jul 17, 2013 5:23am
Quoting emmanuel7788
{quote} okie, will do after I enjoy my dinner ....

Hi Emmanuel! How has trading been? You know it's good to hear that someone is just about to enjoy his dinner while you're already preparing for your breakfast here in this part of the world. Well please I would like to know the importance of APB candle to TMS for I use Japannese candlestick here from my own end.

Regards

Dalytec.
  • #21,943
  • Jul 17, 2013 6:54am Jul 17, 2013 6:54am
Quoting dalytec
{quote} Hi Emmanuel! How has trading been? You know it's good to hear that someone is just about to enjoy his dinner while you're already preparing for your breakfast here in this part of the world. Well please I would like to know the importance of APB candle to TMS for I use Japannese candlestick here from my own end. Regards Dalytec.
Hi dalytec,

Trading is a business, like all businesses it is hard work. But I love what I do everyday.

About the APB, it is a key component of TMS and it makes trading TMS less stressful.

I use both the real price bar and the APB concurrently on all my charts.

regards,
EMMANUEL
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,944
  • Jul 17, 2013 6:55am Jul 17, 2013 6:55am
Quoting geomoon
{quote} emmanuel7788 , Thank you for you offer of help ,can you please tell me what went wrong when I pulled the trigger here ? I use a demo account for now to learn and I tried to follow the TMS method as is, I entered short on the second candle from the cross on London session, please have a look on the white square. thanks {image}
which candle is your entry? I can't make that out .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,945
  • Jul 17, 2013 7:41am Jul 17, 2013 7:41am
Quoting emmanuel7788
{quote} which candle is your entry? I can't make that out .
Sorry for not clearing that out, please have a look
thaks
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  • #21,946
  • Jul 17, 2013 8:16am Jul 17, 2013 8:16am
Quoting geomoon
{quote} Sorry for not clearing that out, please have a look thaks {image}
That was at the very start of the Sydney session not London.
  • #21,947
  • Jul 17, 2013 8:28am Jul 17, 2013 8:28am
Quoting geomoon
{quote} Sorry for not clearing that out, please have a look thaks {image}
ok, that is much clearer which was your entry candle.

1) H1 trading is more based on Price Action and the TDI cross is to confirm the Price Action. Looking at the previous price action , the was a vey sharp reversal after that day low and followed with several small H1 candles consolidation. that first red candle before your entry was also not a good PA candle for short because of the lower wick.

2) There best H1 trade are during London open session and NY open when there is increase in liquidity. i dont think your entry was LO. It was when NY close and Sydney open.

3) there was NZD news release that morning AsiaPac time,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,948
  • Jul 17, 2013 8:30am Jul 17, 2013 8:30am
Quoting lastingwell
{quote} That was at the very start of the Sydney session not London.
yup, I saw that becasue I was trading that morning Sydney ASX open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,949
  • Jul 17, 2013 8:45am Jul 17, 2013 8:45am
Last time i'll post this, most important document iv'e found and is updated every day at 0700 CET, check it out, seriously.

http://danskeanalyse.danskebank.dk/a...icalUpdate.pdf
  • #21,950
  • Jul 17, 2013 8:46am Jul 17, 2013 8:46am
NZDUSD post mortem for early week.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,951
  • Jul 17, 2013 8:52am Jul 17, 2013 8:52am
Quoting emmanuel7788
{quote} ok, that is much clearer which was your entry candle. 1) H1 trading is more based on Price Action and the TDI cross is to confirm the Price Action. Looking at the previous price action , the was a vey sharp reversal after that day low and followed with several small H1 candles consolidation. that first red candle before your entry was also not a good PA candle for short because of the lower wick. 2) There best H1 trade are during London open session and NY open when there is increase in liquidity. i dont think your entry was LO. It was when...
1- the cross for TDI was on 15M chart and then I went to 1H to get conformation , or that's what I thought

2- the time of the platform is +3GMT my time zone and the I took that deal on after the news with an hour but seems no difference.

thanks for the information and I appreciate if you have any recommendations for me to learn price action as it looks interesting for me and I really like to learn it all.
thanks
  • #21,952
  • Jul 17, 2013 8:53am Jul 17, 2013 8:53am
Quoting Sicarius
Well, just went short on USD/CHF, waiting on retrace to enter E/J
that was a good trade UChf... how many pips did you manage out of this trade?

note: your post is delayed due to FF moderator will read your first few posts before we can see them...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,953
  • Jul 17, 2013 9:11am Jul 17, 2013 9:11am
Quoting geomoon
{quote} 1- the cross for TDI was on 15M chart and then I went to 1H to get conformation , or that's what I thought 2- the time of the platform is +3GMT my time zone and the I took that deal on after the news with an hour but seems no difference. thanks for the information and I appreciate if you have any recommendations for me to learn price action as it looks interesting for me and I really like to learn it all. thanks

here you can start with some basics of trading price action without indicators...

http://tradingwithpriceaction.com/fo...ction-trading/

there are many other resources available online... use your online search tool ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,954
  • Jul 17, 2013 9:26am Jul 17, 2013 9:26am
AUDUSD
Big pullback candle on 1h TF, bearigh 4H trend bearish; 200EMA closed above the last pullback. Anyone thinking to short it on a TDI cross?
What I don't like is the MBL above 50
  • #21,955
  • Jul 17, 2013 9:28am Jul 17, 2013 9:28am
Quoting Fx94
Thanks for your response emmanuel. Should i wait if E/J test the 130,55 mark for support and reenter long ? ... {image}

now NYO+2 we see price back to 130.55....RN 130.50 and Prev W High ... CONFLUENCE
look for support

be patient London will close in less than 2 hours.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,956
  • Jul 17, 2013 9:40am Jul 17, 2013 9:40am
Quoting gigicualex
AUDUSD Big pullback candle on 1h TF, bearigh 4H trend bearish; 200EMA closed above the last pullback. Anyone thinking to short it on a TDI cross? What I don't like is the MBL above 50

dont base this trade on TDI cross.
is the price action convincing ?
London closing in less than 2 hours...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,957
  • Jul 17, 2013 9:59am Jul 17, 2013 9:59am
Quoting emmanuel7788
{quote} dont base this trade on TDI cross. is the price action convincing ? London closing in less than 2 hours...

Yes the PA looks convincing enough, HA 1h candle change color and making a new low, we also have a BearDiv ...the only problem is the SL ~86pips
  • #21,958
  • Jul 17, 2013 10:09am Jul 17, 2013 10:09am
Quoting gigicualex
{quote} Yes the PA looks convincing enough, HA 1h candle change color and making a new low, we also have a BearDiv ...the only problem is the SL ~86pips

that Pin Bar is very special known as Marubozu ... there is historical resistance 0.9252, RN 09250 recent resistannce previous D1...

SL maybe a problem, but we wait for the marubozu to bounce back up, hit resistance and then wait for the return leg.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,959
  • Jul 17, 2013 10:22am Jul 17, 2013 10:22am
Hi Guys, I am new here and would like express my thanks to the following guy

Although I not sure who is snarlyjack (as saw on this pdf - Trading Made Simple BigE(Eric)'s post pdf.
I am not sure where I found this pdf a few days ago, some kind soul uploaded it and it change my trading style totally.

I used to like M5 & M15 and I tried before several other system in this forum, especially the popular one. But I think this system
is the one that is most comfortable to me, as H1 & H4 is the TimeFrame I pick, most of the trade I conducted are in good profits, 50-100 pips or more. And the loss is absolutely 0 as of now out of all my trades conducted for this week using this system.

I just follow the TDI firmly and just use it as my indicator, taking away the usual "stochastic" and bias to fundamental, the trend and TDI will tell us the story of the market.

I make 130% profit on my equity this week(today is Wednesday) and 1600+ pips. I am glad that I pick up this trading made simple system, as of why we make things complicated by adding more indicators instead of just look at 1 or 2 indicator which is more useful.

By the way, snarlyjack story of putting his trade , went to sleep ,wake up earn another 50-100 pips in pocket inspired me greatly! especially the pdf, like a story book, a story of someone who can't spend much time trading yet can make constant profit. And also thanks for all the charts in Trading Made Simple BigE(Eric)'s post pdf.

I am sure this taught me a lot, I read finish the whole pdf in 2-3 days and I reverse read from page 77 to page 1 again.

Once again, thanks for making a losing trader becoming a winner

Dedicated to snarlyjack & the person who uploaded the pdf.
Trading is something special.
  • #21,960
  • Jul 17, 2013 10:35am Jul 17, 2013 10:35am
Quoting baokydev
Hi Guys, I am new here and would like express my thanks to the following guy Although I not sure who is snarlyjack (as saw on this pdf - Trading Made Simple BigE(Eric)'s post pdf. I am not sure where I found this pdf a few days ago, some kind soul uploaded it and it change my trading style totally. I used to like M5 & M15 and I tried before several other system in this forum, especially the popular one. But I think this system is the one that is most comfortable to me, as H1 & H4 is the TimeFrame I pick, most of the trade I conducted are in good...
wow!
we have a super trader here.
130% ... 1600+pips ... in one short week 1 to 3 trading days days ...

tell us which pairs and how many trades you executed this week which gave you 1600pips?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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