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Trading Made Simple

  • #22,521
  • Jul 29, 2013 10:01am Jul 29, 2013 10:01am
Quoting emmanuel7788
Market is pro-USD ... selling AU,EU,GU and NU. buying UJ, UChf, UCad....
Did you enter in all those trades?

The only one I entered on was AU. Will post a chart afterwards. Currently at +23.
  • #22,522
  • Jul 29, 2013 10:04am Jul 29, 2013 10:04am
My AU trade. I could've and should've entered earlier when it was retesting 0.9250
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h1-vantagefx-pty-ltd.png Size: 93 KB
  • #22,523
  • Jul 29, 2013 10:06am Jul 29, 2013 10:06am
Quoting njc1622
{quote} thanks for the explanation emmanuel, you are such a great guy. after installing all the round number level, i see how the S&R pattern goes. i will now go and google and study about the APB. thanks again emmanuel, it really means a lot for me, have a nice day!

you won't find much about the APB.

google ' Heiken Ashi' Japanese for average price

the APB is a version created for forex trading by Dean Malone. very litlle difference.

learn Price Action using the real price bar or candlesticks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,524
  • Jul 29, 2013 10:09am Jul 29, 2013 10:09am
Quoting evilmechy
{quote} Did you enter in all those trades? The only one I entered on was AU. Will post a chart afterwards. Currently at +23.

No, i have my own limit exposure of 10% maximum ... so I took only EU,GU, AU and EJ.

when market is pro-USD, the correlated pairs run in same direction.

this week is month end candle closing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,525
  • Jul 29, 2013 10:12am Jul 29, 2013 10:12am
Quoting mastersm
Sell the usdjpy now and make 30pips

is your R:R 1:1?
today market beat you on this one.
it happens .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,526
  • Jul 29, 2013 10:22am Jul 29, 2013 10:22am
Quoting leesongding
g'day all, i'm new to trading forex, so please be gentle with me. was put on to this thread by a mate who reads it and uses it regularly. i don't yet understand anything of the terms , however with your help i will. i am only interested in learning one method to start with, and i have chosen this one as brett suggested it.

WELCOME!

no worries , here we are all nice people learning to trade and to trade TMS.

who is brett? you mean Dr Brett N Steenbarger?
Attached Image (click to enlarge)
Click to Enlarge Name: Steenbarger 101 Daily Coach.png Size: 264 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,527
  • Jul 29, 2013 10:27am Jul 29, 2013 10:27am
Quoting emmanuel7788
GU H4 pin bar, anyone caught that?
Can you by any means discern a pin bar using Japanese candlestick or do you know the synonimoussymbol?
  • #22,528
  • Jul 29, 2013 10:36am Jul 29, 2013 10:36am
13-Jul-29

I have been trading 'TMS' using traditional entries and exits with success, however I was looking to expand to taking A+++ bounce trades, which I am a little timid in doing so.

Aud/Usd my tdi showed a bounce entry on 4hr TF on today's second 4hr candle, I neglected to pull the trigger and obviously it has broken through nicely, just curious if that is confirmed as a bounce trade many of took?
  • #22,529
  • Jul 29, 2013 10:47am Jul 29, 2013 10:47am
Quoting heispark
Have been watcing EA today. Fake range brake out, rejected at previous day high, retest the upper range and finally broke the range out. From 5M to 4H, trend was up. Stopped out when it retested the inner range. By the way, anyone use 60 sma here? I see this is useful as much as 200 ema in any TF.
I have a 50 & 100 sma on myH1 chart - I use it as a 'reminder' rather than trade entry/exit.
  • #22,530
  • Jul 29, 2013 10:56am Jul 29, 2013 10:56am
I spent a great deal of time reading the 3 pdf s of phx's trades. I decided last night that I would do as he does, H1, Eur/USd only. The big difference is that I only trade NY (need my beauty sleep) so I may not get the same big results but today was a small start. TP #1 hit, +9 pips (who hoo??) & a 2:1 risk/reward. I know, bad but it was 7 am local time. TP #2 got +25 pips so all in all a total of 34 pips when the ATR indicated 18, I'm happy. I not sure his 50 pip SL & TP is workable for NY but I can study the chart and see. PDF #1 is a must read for those thinking about H1 trading. Besides the 2 sma TLs I have grey horizontal lines at the previous (in this case Fri) day's High & low.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-oanda-corporation.png Size: 60 KB
  • #22,531
  • Jul 29, 2013 11:03am Jul 29, 2013 11:03am
Quoting piprac
I spent a great deal of time reading the 3 pdf s of phx's trades. I decided last night that I would do as he does, H1, Eur/USd only. The big difference is that I only trade NY (need my beauty sleep) so I may not get the same big results but today was a small start. TP #1 hit, +9 pips (who hoo??) & a 2:1 risk/reward. I know, bad but it was 7 am local time. TP #2 got +25 pips so all in all a total of 34 pips when the ATR indicated 18, I'm happy. I not sure his 50 pip SL & TP is workable for NY but I can study the chart and see. PDF #1 is a must read...
Pip,

Any chance you would consider posting the pdfs?
  • #22,532
  • Jul 29, 2013 11:06am Jul 29, 2013 11:06am
Quoting emmanuel7788
{quote} Did you take that trade? re-test of 0.9250 {image}
No, I didn't. I was very busy today preparing company month end accounts.
But in hindsight, that was a high probability trade: Re-test of MN historical resistance (as you pointed out earlier), cross of TDI, USD weakness at the time on crosses.
Nice one.

Axiom
  • #22,533
  • Jul 29, 2013 11:23am Jul 29, 2013 11:23am
Quoting Andyvix833
{quote} Pip, Any chance you would consider posting the pdfs?
Look in the paperclip, top right hand corner of the page
  • #22,534
  • Jul 29, 2013 11:59am Jul 29, 2013 11:59am
Quoting piprac
{quote} Look in the paperclip, top right hand corner of the page
Could not find it. FF Forum page opening on clicking it!
Regards
  • #22,535
  • Jul 29, 2013 12:21pm Jul 29, 2013 12:21pm
One trade today on GU....I chose this pair based on upcoming scheduled news releases....no other news scheduled during London.....after LO I watched price create a double top on the H1 time frame....once price broke down below the previous candle, I entered.....the TDI had not yet crossed green over red but green had bounced off yellow and was sloping down. Green crossed red at the open of the next candle......TP hit.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.7.29 gu h1.png Size: 52 KB
  • #22,536
  • Jul 29, 2013 12:59pm Jul 29, 2013 12:59pm
Quoting dadadada
{quote} Could not find it. FF Forum page opening on clicking it! Regards
I just clicked on the paperclip and the attachments opened up; you''ll then have to search for it. FF had some issues earlier this am but I think that's over now.
  • #22,537
  • Jul 29, 2013 1:44pm Jul 29, 2013 1:44pm
Quoting piprac
I spent a great deal of time reading the 3 pdf s of phx's trades. I decided last night that I would do as he does, H1, Eur/USd only. The big difference is that I only trade NY (need my beauty sleep) so I may not get the same big results but today was a small start. TP #1 hit, +9 pips (who hoo??) & a 2:1 risk/reward. I know, bad but it was 7 am local time. TP #2 got +25 pips so all in all a total of 34 pips when the ATR indicated 18, I'm happy. I not sure his 50 pip SL & TP is workable for NY but I can study the chart and see. PDF #1 is a must read...
Phx mostly trades EJ at the moment rather than EU.
  • #22,538
  • Jul 29, 2013 3:35pm Jul 29, 2013 3:35pm
Quoting lastingwell
{quote} Phx mostly trades EJ at the moment rather than EU.
True, but I think the E/$ is a better choice for the NY open.
  • #22,539
  • Jul 29, 2013 6:03pm Jul 29, 2013 6:03pm
Quoting dalytec
{quote} Can you by any means discern a pin bar using Japanese candlestick or do you know the synonimoussymbol?
hi dalytec,

as I trade mostly 4H periods, my trade setups are based on H4 and D candlestick/bar patterns.
The H4 chart as shown below, I use H1 during the day trading but I have my H4 always in mind when I see H1 price action.
The higher TF setups works better for me and with TMS as the confirmation of all A+++ setups.

regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 31 H4 PB 30-7-2013 6-51-25 AM.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,540
  • Jul 29, 2013 6:23pm Jul 29, 2013 6:23pm
Support and Resistance:

here is what I see on GU H4.

also 1.5320 is key to look for.
Attached Image (click to enlarge)
Click to Enlarge Name: GU support and resistance 30-7-2013 7-17-04 AM.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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