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Trading Made Simple

  • #22,741
  • Aug 4, 2013 9:52pm Aug 4, 2013 9:52pm
Quoting Phx62
Nice start to the week.....AU has been in a downtrend to the past 6 days.....nice TDI short entry following a pullback bar formation......entry on the open of the second red candle.......news helped me reach my TP.....price had already moved more than 21 pips before news, so I was in for a 50 pip TP or a BE trade.....hit the TP.{image}

I've been reading your tutorials. Great to see u apply it live. Though still on the first one.
  • #22,742
  • Aug 4, 2013 10:28pm Aug 4, 2013 10:28pm
It saddens me that emmanuel will not be as frequent visiting us hear.... but thank you emmanuel for all the help.

I have someone else will carry on what Big E started, and you had continued along with the others.

I hope somebody takes over as sort of a teacher in this forum, I don't want to see the thread slowly die or become inactive.

God bless emmanuel!
  • #22,743
  • Aug 5, 2013 1:32am Aug 5, 2013 1:32am
Quoting Phx62
Nice start to the week.....AU has been in a downtrend to the past 6 days.....nice TDI short entry following a pullback bar formation......
[highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight][highlight=rgba(255, 255, 255, 0)][/highlight]
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,744
  • Aug 5, 2013 1:54am Aug 5, 2013 1:54am
Just logged on to find Emmanuel has left the thread! Bad news for many novice, new and still learning traders like myself!

Hopefully someone will continue to provide as good advice as Emmanuel has across the time that he has been here.

I hope Phx and other more experienced TMS traders dont take this as a sign the thread has come to an end! Please dont!

It would indeed be sad to see a thread that has survived the sad passing of the creator to die slowly off after such a helpful and active member departs.

I keep my fingers crossed that doesnt happen and the thread continues to be a valuable resource for beginners!
  • #22,745
  • Aug 5, 2013 1:54am Aug 5, 2013 1:54am
Took this trade on H1, I'm currently up 12pips with roughly 6 mins to go before a new candle opens.

Comments are welcome. Thanks
Attached Image (click to enlarge)
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  • #22,746
  • Aug 5, 2013 1:56am Aug 5, 2013 1:56am
Once again, lazy me has forgotten. What is the indicator for the 4h daily high.low called again?
  • #22,747
  • Aug 5, 2013 1:59am Aug 5, 2013 1:59am
I have just learned about daily planning, I heard emmanuel talked about Plan A and Plan B , hope this is what was meant

Now everyday before I start trading I plan the day a head , and then see if trades comes as I planned for , so do you plan your day as the way I do now or is there any way around?

Am I doing what is suppose to be done in planning and what else should I incorporate?

Pls have a look and let me know what I lack

Thanks

p.s. took this trade as per the trade plan on EUR/JPY , exit prematurely , did not follow the plan, later on target is reached
Daily; a trade per day is reached, finish trading for the day, looking for a new day tomorrow , lesson learned.
Attached Image(s) (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #22,748
  • Aug 5, 2013 2:06am Aug 5, 2013 2:06am
As per rules, I exited after I saw a check mark with around a 7 pip gain. But I just noticed that the price is still going up... did I pull the trigger too fast?

Comments please.
  • #22,749
  • Aug 5, 2013 2:08am Aug 5, 2013 2:08am
I was sure I had attached the screenshot on my post above but hey here it is....
Attached Image (click to enlarge)
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  • #22,750
  • Aug 5, 2013 2:17am Aug 5, 2013 2:17am
Weekly Task, backtest:

prev. daily high and low breakout
pullback formation
LO price reversal

Current pip count using price action for the last two months: 288 Went through a draw down of about 200 pips in the last week and a half. Will try to recover this month.
  • #22,751
  • Aug 5, 2013 2:22am Aug 5, 2013 2:22am
Retrospective analysis

Would these have been good trades?

Daily low hit After news announcement
Color change
TDI cross
Attached Image (click to enlarge)
Click to Enlarge Name: aug 5 aud.usd.h1 analysis.png Size: 53 KB


for this one. Prev daily hi breached.
Daily high formed with blue doji
Looks like a continuous trend trade
Attached Image (click to enlarge)
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  • #22,752
  • Aug 5, 2013 2:40am Aug 5, 2013 2:40am
Quoting tenmilewalk
Retrospective analysis Would these have been good trades? Daily low hit After news announcement Color change TDI cross{image} for this one. Prev daily hi breached. Daily high formed with blue doji Looks like a continuous trend trade {image}


i also had my eye on AU h1 but i went out as soon as i saw a check mark fot a small pip gain.... in 20 mins my h4 will make another candle if it crosses i will reenter again.
  • #22,753
  • Aug 5, 2013 2:54am Aug 5, 2013 2:54am
Quoting markgrejaldo
{quote} i also had my eye on AU h1 but i went out as soon as i saw a check mark fot a small pip gain.... in 20 mins my h4 will make another candle if it crosses i will reenter again.
Niice mark. good use of multi timeframe
  • #22,754
  • Aug 5, 2013 2:55am Aug 5, 2013 2:55am
any thoughts on this one? GBP news coming out in several minutes. potential volatility
Attached Image (click to enlarge)
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  • #22,755
  • Aug 5, 2013 3:08am Aug 5, 2013 3:08am
First of all hi to all. This is my first post in this comunity, after spending many days reading and learning a lot.

I haven't take this trade on gu as I see two things that I don't like, first the green TDI line is up to 68 and second there is a slight divergence od the TDI and MACD.
  • #22,756
  • Aug 5, 2013 3:18am Aug 5, 2013 3:18am
GBP/JPY also looks good, but I'm still not sure if it's retracing or trend reverting. It's been a big move during the Asian Session. Maybe the upcoming news will give some direction.
  • #22,757
  • Aug 5, 2013 3:20am Aug 5, 2013 3:20am
Quoting tenmilewalk
any thoughts on this one? GBP news coming out in several minutes. potential volatility {image}


check your H4 chart, it's a bounce trade i think.

maybe prices will try to reach 1.5400 levels?
  • #22,758
  • Aug 5, 2013 3:36am Aug 5, 2013 3:36am
tenmilewalk, news on your side this time!! Nice pips!! I have missed this trade, bad for me....
  • #22,759
  • Aug 5, 2013 3:39am Aug 5, 2013 3:39am
@tenmilewalk

i am up by around 35 pips in GU bounce trade. have you entered it??
  • #22,760
  • Aug 5, 2013 3:44am Aug 5, 2013 3:44am
Unfortunately I have not. Good call.
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