Trading Made Simple

Quoting Phx62

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{quote} Scorps, Yes, per TMS guidelines, the proper entry would have been where you marked it in your post....at the opening of the second blue candle. However, the opening of the candle you marked was also the open of the NY session and there were some news announcements scheduled for 30 minutes after the session opened. I don't trade the news and would not enter a trade before those announcements were made. I waited until news moved the market up and then price retraced before opening the 2nd candle of the session. After it cleared the trend line...

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Quoting emmanuel7788

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AJ: Now practise and train your eyes... its all about Price Action {image}

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Quoting TheScorpS

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{quote} Thanks Emmanuel, this charts has lots of learning materials how do you trade inside bars in a trending market and when they form at reversal level at swing low or high? if possible can you show an example and how can one apply the theory in TMS with APB candles Thanks

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Quoting markgrejaldo

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hey guys, i am enjoying reading this thread. just a quick question, is this a valid bounce trade? i just took it and i am up currently by 20 pips, tp is 100 pips. much thanks. {image}

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Quoting emmanuel7788

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{quote} to me a TDI bounce would be nicer if the TDI PL green pulls back to the TSl red line then bounces off the red line. but there is price and TDi bullish divergence seen on your chart, so that is a good trade setup. now it is up to you to manage this trade.

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Quoting markgrejaldo

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{quote} i see... now that you pointed out a divergence i just saw it. lol. thanks for the quick answer

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Quoting emmanuel7788

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{quote} in a trending market type, what is IB? it shows price consolidation. how to trade IB? you trade the breakout of the IB engulfing bar/candle before that IB OR you trade the close of the IB if that IB itself is an engulging bar/candle . here is the same AJ chart with the APB overlay. Do not let the APB body blind you to the real price bar/candle Open High Low Close. {image}

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Quoting TheScorpS

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{quote} Yes Emmanuel thank you, I understand about that I should look at real price bars that's why I'm keeping a candle chart open and this is where I make analysis Look at the chart I posted below, I wrote some notes, correct me if I'm wrong {image}

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Quoting emmanuel7788

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{quote} now some comments on your chart. {image}

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Quoting markgrejaldo

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{quote} emmanuel, as you have noted my trade stalled at 131.00 of EJ. Took what I got up. Now it has reversed.

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Quoting emmanuel7788

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{quote} that is a 4H trade, so you need to give it time to 'cook'. your initial SL of 20pips is too small for a 4H swing trade. unless you intended to scalp for few pips, that would have worked. 130.75 is WPv so expect some market reaction to it. Once more buyers commit, that will become support for the Uptrend.

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Quoting emmanuel7788

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{quote} this UJ pair has been eluding me for 3 days. there is support below and everytime it get near there, price bounce back up to this week' open. UJ is in major correction after months of bullish rally. This week is again consolidation after last week' drop. IO see that will continue today and tommorow until BoJ pulls out its magic wand. look for another pair.

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Quoting Pervis

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EJ H1 trade, 50pips {image}

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Quoting kingdomk

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{quote} Thanks for the advice Emmanuel. I looked around and still trying to get familiar with the system. G/U looked like a good setup on the 4hour chart for a long position. However, its recently been battered and even though I was reluctant to go against the strong trend, I did. I got stopped out at 20 as the 'hook' began to emerge. Is there any suggestions you could provide me with. From what I can see the TDI indicator is slightly changed from the original one? Do you now use Bolinger Bands on top and if so how do you cooperate this into the...

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