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Trading Made Simple

  • #21,981
  • Jul 17, 2013 7:01pm Jul 17, 2013 7:01pm
Quoting emmanuel7788
{quote} here is the set file.. for you {file}

2 Thanks for you.I'll give it a try later.I hope it works.
Failure, is a wonderful teacher!
  • #21,982
  • Jul 17, 2013 7:06pm Jul 17, 2013 7:06pm
Quoting irishtoffy
Evening.. I have a question about the TDI. I am trying to use more PA than TDI to look for trades, and simply ise the TDi for confirmation in H1 trading. Is the TDI valid for use as confirmation when using the Japanese CS? Or is it only for use with APB? Because when I look for CS patterns in backtesting I notice the TDI does seem to cross at the point I look to see a CS pattern/reversal pattern. Just want to know if this is coincidence? Thanks! Paul
Paul,

The TDI being an indicator derives from the real price therefore when there is a price reversal, the TDI will confirm that.

The APB is also derived from the real price. Read up on Heiken Ashi or HA to understand the characteristics of the APB/HA. It is useful when trading TMS. The APB change in colour is a easy to use feature.

Like many TMS traders, I use the real price bar/candlesticks for my trade setups and entries. But I have the APB in my charts background.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,983
  • Jul 17, 2013 7:12pm Jul 17, 2013 7:12pm
Quoting mike1349
{quote} 2 Thanks for you.I'll give it a try later.I hope it works.
you can test it now with EJ..... 130.55 hold as support

Buy,
3 lots,
TP1 30pips exit 1lot
keep 2 lots for JSL testing

set SL -50pips
set JSL - 20pips

TP2 ... as large 200pips as you want to test JSL

*** demo only
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,984
  • Edited 9:46pm Jul 17, 2013 8:47pm | Edited 9:46pm
Got PM asking me what is R?

This has been shared several times and many of my trade charts posted show the R multple levels.
But I guess some new traders still did not grasp the concept and do not know how to use that and therefore will not know its effectivenss in exit managament and the impact it will have in your 4H swing trading results.

Here is another example to explain what is R and the R-Multiple method in trade exit management.

TMS is a simple technical trading method. There is in fact nothing more to share here which has not been explained before. Nothing has changed so far as the Entry and Exit rules are concerned.
It is all about Entry and Exits, therefore there is a lot more in the other aspects of trading than Entry and Exits Rules. Work on your Money Management strategy which will help your achieved your financial goals using TMs as the core trading method. Work on your Mind ... develop your mental fitness that will go along with trading TMS.... Discipline is still the hardest thing many traders fail to achieve when trading TMS.
Patience is an integral part of the Discipline required.
You have Fear, so do I.
You have Greed, so do I.
How do you manage these two - Fear and Greed?
You can never get rid of these two. It is in our human dna. This is the monster inside us as traders.
We must tame the monster.
Attached Image (click to enlarge)
Click to Enlarge Name: R and R-Multple.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,985
  • Jul 17, 2013 8:56pm Jul 17, 2013 8:56pm
Hello Emmanuel and Phx, could you please share your opinion on those trade I was mark on chart? Will you take the trade? If not, how you pass on this?

Many thanks!!
Attached Image (click to enlarge)
Click to Enlarge Name: 7-18-2013 8-46-28 AM.jpg Size: 198 KB
  • #21,986
  • Jul 17, 2013 9:29pm Jul 17, 2013 9:29pm
Quoting baokydev
{quote}I setup a dedicate server that take screenshot of my H1 & H4 chart and post to 1 of my website, for my own use,
Hi Baoky. Can you explain how to set up the screenshot thing? Not the dedicated server, just the screenshot. Thanks
Everything you can imagine, is real - Pablo Picasso
  • #21,987
  • Jul 17, 2013 9:33pm Jul 17, 2013 9:33pm
Quoting Pervis
Hello Emmanuel and Phx, could you please share your opinion on those trade I was mark on chart? Will you take the trade? If not, how you pass on this? Many thanks!! {image}

my day trading process is as follows:

1) I decide whether I want to be buyer or seller when new day open... i.e. after NY close, and 2 hours before Tokyo opens.
- buyer is when I follow the higher TF H4 and D1 TDI, and follow the D1 candle follow through.
- seller is when I see a setup with potential to BE with R:R 1:1 , I take some risk to trade correction of the previous D1.

2) when I decide on CT, that is my Plan A.
- then I make a quick exit usually RR 1:1 nett.
- then I look to execute Plan B which follows my HTF trend trading.

*** watching the TOK first 5H traded range and the Asian trade range is important when trading intraday using H1. Ths H1 TDi has little to do with my intraday trading. It is about PA and range trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,988
  • Jul 17, 2013 10:28pm Jul 17, 2013 10:28pm
Quoting emmanuel7788
{quote} my day trading process is as follows: 1) I decide whether I want to be buyer or seller when new day open... i.e. after NY close, and 2 hours before Tokyo opens. - buyer is when I follow the higher TF H4 and D1 TDI, and follow the D1 candle follow through. - seller is when I see a setup with potential to BE with R:R 1:1 , I take some risk to trade correction of the previous D1. 2) when I decide on CT, that is my Plan A. - then I make a quick exit usually RR 1:1 nett. - then I look to execute Plan B which follows my HTF trend trading. ***...
Brilliant Emmanuel , lets say that, is it better for us to look for swing high and lows with support and resistance to time our entries, I mean sometime a candlestick forms and a cross of TDI already formed or is forming and boom I take the trade, the question is are there enough sellers or buyers to push the market in the intended direction, ie swing high or low
I Have Learned to Take Some Losses to Make Profits
  • #21,989
  • Jul 17, 2013 10:35pm Jul 17, 2013 10:35pm
The Power of Japanese Candlestick study:

here is last night example of that Marubozu Pin Bar ... bears in full control and defended the close price, bulls tried and tried till more bears joined in the market seeing that defense line when Tokyo open this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: Power of Marubozu Pin Bar .png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,990
  • Jul 17, 2013 10:48pm Jul 17, 2013 10:48pm
Quoting TheScorpS
{quote} Brilliant Emmanuel , lets say that, is it better for us to look for swing high and lows with support and resistance to time our entries, I mean sometime a candlestick forms and a cross of TDI already formed or is forming and boom I take the trade, the question is are there enough sellers or buyers to push the market in the intended direction, ie swing high or low
Fact is we as traders we do not know and will never know if there will be enough buyers or sellers in our favour. That is why someone invented that thingy called Stop Loss.

Spend the next hour and watch this video.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,991
  • Jul 17, 2013 10:59pm Jul 17, 2013 10:59pm
Quoting emmanuel7788
{quote} Fact is we as traders we do not know and will never know if there will be enough buyers or sellers in our favour. That is why someone invented that thingy called Stop Loss. Spend the next hour and watch this video. https://www.youtube.com/watch?v=PYBuZkW_Neg
Definitely will watch it , thanks
I Have Learned to Take Some Losses to Make Profits
  • #21,992
  • Jul 17, 2013 11:17pm Jul 17, 2013 11:17pm
Quoting emmanuel7788
{quote} you can test it now with EJ..... 130.55 hold as support Buy, 3 lots, TP1 30pips exit 1lot keep 2 lots for JSL testing set SL -50pips set JSL - 20pips TP2 ... as large 200pips as you want to test JSL *** demo only
EJ trade update:

Now TP1 +30pips, BE remaining to test JSL using MPTM EA.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 18 Jul trade manager MPTM 18-7-2013 12-13-43 PM.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,993
  • Jul 17, 2013 11:33pm Jul 17, 2013 11:33pm
EJ 18 Jul jumping Stop undate 1:

market move +40pips, JSL move to protect +20pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 18 Jul JSL update 118-7-2013 12-30-25 PM.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,994
  • Jul 17, 2013 11:44pm Jul 17, 2013 11:44pm
EJ 18 Jul Jumping Stop notes:
Attached Image (click to enlarge)
Click to Enlarge Name: EJ JSL update notes 18-7-2013 12-40-26 PM.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,995
  • Jul 17, 2013 11:55pm Jul 17, 2013 11:55pm
EJ D1 view:

This D1 chart below should give you the reasons for my EJ buy when Tokyo open.
Everything else is TMS.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ D1 chart view 18-7-2013 12-47-44 PM.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,996
  • Jul 18, 2013 12:34am Jul 18, 2013 12:34am
EJ market update:

EJ enters a potential supply zone 131.05 to 131.43 ... tighten your seat belt(s) ... some may need 2 .

several intraday resistance,
also intra-week resistance,

TOK_5H is 63pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,997
  • Jul 18, 2013 12:52am Jul 18, 2013 12:52am
Quoting emmanuel7788
{quote} my day trading process is as follows: 1) I decide whether I want to be buyer or seller when new day open... i.e. after NY close, and 2 hours before Tokyo opens. - buyer is when I follow the higher TF H4 and D1 TDI, and follow the D1 candle follow through. - seller is when I see a setup with potential to BE with R:R 1:1 , I take some risk to trade correction of the previous D1. 2) when I decide on CT, that is my Plan A. - then I make a quick exit usually RR 1:1 nett. - then I look to execute Plan B which follows my HTF trend trading. ***...
Thanks you, your trading process is very clearly.

Quoting emmanuel7788
EJ D1 view: This D1 chart below should give you the reasons for my EJ buy when Tokyo open. Everything else is TMS. {image}
http://www.forexfactory.com/attachme...0&d=1374123343

For me, I see yesterday is pullback candle? Why you decide that's continue candle and also make a good entry? Can you post some senaral how to looking at daily candle? (AU, EU...)

Thanks sir!
  • #21,998
  • Jul 18, 2013 12:53am Jul 18, 2013 12:53am
Few minutes to Frankfurt Open..

market still looks to be Pro-USD
Attached Image (click to enlarge)
Click to Enlarge Name: USD pairs 18-7-2013 1-51-20 PM.png Size: 95 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,999
  • Jul 18, 2013 12:55am Jul 18, 2013 12:55am
Gold took a dip last night. Aussie hurting.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD vs XAU 18-7-2013 1-49-53 PM.png Size: 95 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,000
  • Jul 18, 2013 1:02am Jul 18, 2013 1:02am
Entered long on E/J 1 Hr chart 4 hours ago with 20 pip trailing SL, TDI was pulling away from the red line. Let it ran while at work, closed at +21 pip just before FO. Doesn't sound much but it's one of the rare plus I've had lately!
Everything you can imagine, is real - Pablo Picasso
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