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Trading Made Simple

  • #22,541
  • Jul 29, 2013 4:47pm Jul 29, 2013 4:47pm
AUDUSD:

here is my view as we approach month end.
quite a few things going on DownUnder with Kevin Rudd re-elected at PM.
But China' economic performance is still on key factor to support AU.
Falling interest rate.... when will be next cut?

Trade 4H is the best for AU.
Attached Image (click to enlarge)
Click to Enlarge Name: AU historical support and resistance .png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,542
  • Jul 29, 2013 6:07pm Jul 29, 2013 6:07pm
Quoting Andyvix833
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?
what i see is H4 went sideways and TDI PL is flat.
there was no clear TDI PL bounce off TSL, but the TDI PL 4-6 position after that big red candle is good.
but after big candle entry is not the best entry method.... in my style of trading. i want a better entry price.

so what would you do?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,543
  • Jul 29, 2013 7:26pm Jul 29, 2013 7:26pm
AUDUSD 29 jul trade update:

MPTM manage trades using Jumping Stop Los +30pips.
Now trade protected with another +30pips as market move 60pips.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 29 Jul trade update 1 30-7-2013 10-19-21 AM.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,544
  • Jul 29, 2013 7:28pm Jul 29, 2013 7:28pm
UJ outlook 30 Jul:

with a very narrow range and USD strength, it looks like base formed for long.
Wait for TMS setup ...

PATIENCE .....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,545
  • Jul 29, 2013 7:49pm Jul 29, 2013 7:49pm
my outlook for audjpy today....

possible bounce up due to demand area, will wait for tms signal (BUY).

your comments?

many thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy7302013.jpg Size: 116 KB
  • #22,546
  • Jul 29, 2013 8:03pm Jul 29, 2013 8:03pm
Quoting markgrejaldo
my outlook for audjpy today.... possible bounce up due to demand area, will wait for tms signal (BUY). your comments? many thanks. {image}
will be consolidation frist before bullish reversal ...
this morning Tokyo see a re-test of support 90.20 now is resistance...
we have MN suport below.

month end ...
Attached Image (click to enlarge)
Click to Enlarge Name: AJ week 31 view 30-7-2013 10-56-27 AM.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,547
  • Jul 29, 2013 8:06pm Jul 29, 2013 8:06pm
Jumped in on AU ACad AJ and got +50 each. So +150 and I will stop there for today.
  • #22,548
  • Jul 29, 2013 8:25pm Jul 29, 2013 8:25pm
Quoting emmanuel7788
{quote} will be consolidation frist before bullish reversal ... this morning Tokyo see a re-test of support 90.20 now is resistance... we have MN suport below. month end ... {image}
thanks... i will have my eye on this one.
  • #22,549
  • Jul 29, 2013 8:27pm Jul 29, 2013 8:27pm
Quoting emmanuel7788
{quote} Did you take that trade? re-test of 0.9250 {image}
Hello Emmanuel7788,
would you be so kind to post this AU template you posted earlier. I got your PM Thanks. Ayour2a
  • #22,550
  • Jul 29, 2013 9:57pm Jul 29, 2013 9:57pm
Quoting ayour2a
{quote} Hello Emmanuel7788, would you be so kind to post this AU template you posted earlier. I got your PM Thanks. Ayour2a
ayour2a,

I use only two indciators provided in this thread - TDI_RT and APB or the Heiken Ashi_DM.
you just need to place these two indicators onto your chart and save that as your own template.
you will notice i dropped the 5EMA from my charts.
there is nothing unique about my charts except the white background.

why not try yourself and post your chart for me to have a look if you have the same done correctly.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,551
  • Jul 29, 2013 10:04pm Jul 29, 2013 10:04pm
Quoting emmanuel7788
AUDUSD 29 jul trade update: MPTM manage trades using Jumping Stop Los +30pips. Now trade protected with another +30pips as market move 60pips. {image}

AU update:
Now JSL jump twice and protected 120pips.
Very tight PS looking at current PA. May not survive LO today in 2 hours.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 29 Jul H1 trade update 2 30-7-2013 12-58-19 PM.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,552
  • Jul 29, 2013 10:13pm Jul 29, 2013 10:13pm
Quoting rob Miller
have been trying the cavemanager over the last few days. Thought I had it configured but it did not work as i expected and i hope someone can help me. I have it set up to sell 50% of my lots at +20 pips..this works. The no loss works, but I thought i had it set up to push the TP beyond the original set TP when the trade was in my favour, but this is not working. Can anybody assist with this part of the set up? Thanks
Hi rob,

I don't use THV cavemanager EA but I tried that on demo yesterday just to learn something. But I did not managed to get the push TP to work the way you want.
I think it tends to close trades because of the trailing stop setting.
But without the mq4 source codes that will takes more time for me to test and learn the combination of the various parameter settings.

Hope someone else here can shed some light.

I use MPTM customised for my TMS trading. If anyone interested, I can post my versions here.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,553
  • Jul 29, 2013 10:23pm Jul 29, 2013 10:23pm
AJ example:

Here is an example how historical support and resistance come in play.

Note, PA now stalled at Prev W Fibr-e 161% ... looks exhausted. Maybe another push lower when LO ... to test MN support.
Attached Image (click to enlarge)
Click to Enlarge Name: AJ example retest of W1 S_R 30-7-2013 1-17-34 PM.png Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,554
  • Jul 29, 2013 10:26pm Jul 29, 2013 10:26pm
Two Asian session trades so far today....the AU H1 trade taken on a break below the two previous candles about 10 to 15 minutes following the Aussie building news announcement....moved TP to 100 pips which was hit. The other trade an EJ H1 trade also take on a break above the two previous candles. We had divergence on the TDI and price was due for a correction so I was looking for a long signal.....also there was room for 50+ pips before hitting the downtrend line...TP hit.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.7.30 au h1.png Size: 41 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.7.30 ej h1.png Size: 62 KB
  • #22,555
  • Jul 29, 2013 11:07pm Jul 29, 2013 11:07pm
EU 30 Jul:

a very narrow Tokyo 5hour... only 16pips. A good candidate for breakout trading today.
beware of fakey .. then the 'real' thing.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 30 Jul TOK_5H 30-7-2013 2-04-44 PM.png Size: 71 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,556
  • Jul 30, 2013 12:02am Jul 30, 2013 12:02am
Quoting emmanuel7788
{quote} Hi rob, I don't use THV cavemanager EA but I tried that on demo yesterday just to learn something. But I did not managed to get the push TP to work the way you want. I think it tends to close trades because of the trailing stop setting. But without the mq4 source codes that will takes more time for me to test and learn the combination of the various parameter settings. Hope someone else here can shed some light. I use MPTM customised for my TMS trading. If anyone interested, I can post my versions here. regards, EMMANUEL
Hi Emmanuel,,
If you don't mind I would appreciate looking at the trade manager you use.
I use MyFX which works very well, although sometimes it freezes up (not sure why) so the trade managing does not work.

Unfortunately I can't trade this week because of other commitments, but at least I was pleased to look at my trading pairs today, and see that my analysis for yesterday was correct. Marked my charts for sells on EU GU AU, all would have been profitable.
Finished the month up just under 18% so really happy TMS system.
  • #22,557
  • Jul 30, 2013 12:32am Jul 30, 2013 12:32am
Quoting rob Miller
{quote} Hi Emmanuel,, If you don't mind I would appreciate looking at the trade manager you use. I use MyFX which works very well, although sometimes it freezes up (not sure why) so the trade managing does not work. Unfortunately I can't trade this week because of other commitments, but at least I was pleased to look at my trading pairs today, and see that my analysis for yesterday was correct. Marked my charts for sells on EU GU AU, all would have been profitable. Finished the month up just under 18% so really happy TMS system.
ok, I'll email you later when I get back to my computer.
there is no interest here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,558
  • Jul 30, 2013 12:39am Jul 30, 2013 12:39am
Quoting emmanuel7788
{quote} ok, I'll email you later when I get back to my computer. there is no interest here.
pls post here i am in need of that

thank you
  • #22,559
  • Jul 30, 2013 12:52am Jul 30, 2013 12:52am
Quoting emmanuel7788
{quote} Hi rob, I don't use THV cavemanager EA but I tried that on demo yesterday just to learn something. But I did not managed to get the push TP to work the way you want. I think it tends to close trades because of the trailing stop setting. But without the mq4 source codes that will takes more time for me to test and learn the combination of the various parameter settings. Hope someone else here can shed some light. I use MPTM customised for my TMS trading. If anyone interested, I can post my versions here. regards, EMMANUEL
I am interested! I need IT! Like I said in the PM that I sent to you,
I use stop order (buy stop and sell stop). TP is always 40 pips. Initial SL is not fixed, but it set by me depending on certain factors. I need to use this EA with the following instructions : I wish that after 20 pips profit, that EA to move SL at BE +1 pips. You can help me in this regard? After I enter into a transaction that EA needs to leave my PC switched on?
  • #22,560
  • Jul 30, 2013 1:00am Jul 30, 2013 1:00am
Quoting emmanuel7788
Support and Resistance: here is what I see on GU H4. also 1.5320 is key to look for. {image}
There´s also a longer trend line comming from the bottom, acting as support...my 5 cents...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4.gif Size: 150 KB
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