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Trading Made Simple

  • #23,001
  • Aug 12, 2013 2:15am Aug 12, 2013 2:15am
Quoting adamjhdavis
{quote} imho i would treat phx62's posts and charts as gold dust. watch and learn, this guy is excellent at reading price action and is showing us all how easy it can be to get 50 pips a day from following and watching a few simple principles. It may not be classic tms... so what if you want classic wait a little longer you would have still got 30 odd pips or use 15 min to enter on a pa 1hour trade. phx62 is an expert on the ej take note on his reasons and apply them to your trade plan to help you become more profitable.
+1 from me too.

Thanks Phyx. I learned so much from your trade.
Everything you can imagine, is real - Pablo Picasso
  • #23,002
  • Edited 4:44am Aug 12, 2013 2:44am | Edited 4:44am
Quoting lastingwell
{quote} Thats exactly what I was trying to say Emmanuelle always says "On H4 the TDI is king, on H1 Price Action is king"
If i rember correctly, he later said the market situation has been changed since BigE, and now on both H4 and H1, PA is king.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,003
  • Aug 12, 2013 4:21am Aug 12, 2013 4:21am
Quoting heispark
{quote} If i rember collecty, he later said the market situation has been changed since BigE, and now on both H4 and H1, PA is king.
enjoying my pre-dinner drinks so I login and read some posts.

... Price Action at Support and Resistance aka PASR has always being precedent i all my trading be that $H swing trading or intraday trading using H1. TMS use of the TDI and APB remains the confirmation of all my PASR trade entries and how I manage my trades to let profit run.

Many people here keep repeating price action, but that price action terminology is a very broad term to describe trading without the use of any indicators.

When I read Phx62 posts showing his trades on H1 charts, he has a variation of entries and that remains how you all read his posts and interpret what the price action is all about on his charts. How can you emulate his way of trading?
Not forgetting the way he manages his trades too because that in his trading plan and it is one of the factors behind taking risky trades at certain times and he knows exactly when to pull out of those riskier trades either with small profits. His Risk:Reward is 1:1 with 50pips SL and 50pips TP is somemthing to consider why he trade the way he does everyday. You need a high win rate and consistency too to remain profitable. These factors is behind the way he trades.

Trade well folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,004
  • Aug 12, 2013 4:47am Aug 12, 2013 4:47am
Yes guys Price Action is the way to go in trading especially TMS 1 hour time frame, buy from swing low and sell from swing high using support and resistance zones along with candlestick formation, this is the way, then we look at TDI for further help

If we master price action, then TDI will be our best tool trading TMS

Anyway, I'm looking at EUR/USD and I see that pa is having a major support at the moment, maybe we can get a long signal next hour or so, I'm watching

I wrote some notes on the chart and why I think that EUR might just turn back and hope I'm correct, what I'm doing is just trying the power of prediction using price action as a planning training
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I Have Learned to Take Some Losses to Make Profits
  • #23,005
  • Aug 12, 2013 5:01am Aug 12, 2013 5:01am
suppose i see the the green has crossed the red. i enter the trade on the first candle. what if the next candle reverses?
Come tomorrow, I'll wake up new
  • #23,006
  • Aug 12, 2013 5:06am Aug 12, 2013 5:06am
Quoting gsbharaj
suppose i see the the green has crossed the red. i enter the trade on the first candle. what if the next candle reverses?
You need to read the thread again.
.... laughing all the way to the bank
  • #23,007
  • Aug 12, 2013 5:22am Aug 12, 2013 5:22am
Quoting gsbharaj
suppose i see the the green has crossed the red. i enter the trade on the first candle. what if the next candle reverses?
Read at least the first 10 pages before asking questions, we don't mind helping people, not at all ! But a little effort from your part is the least you can do don't you think ?
Don’t ever let someone tell you that you can’t do something.
  • #23,008
  • Aug 12, 2013 5:28am Aug 12, 2013 5:28am
Went long at London Open. EUR/JPY 1H.

Reasons :
Price found support/couldn't really close under yesterdays low, TDI seemed to be hinting to a bounce trade. Price broke the double IB high and monthly resistance was +- 35pips away.

Price went to 20 pips profit, THV moved stop loss to BE +1 while I was away and price hit it.

Any advice, things I missed are welcome

Happy trading !
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Don’t ever let someone tell you that you can’t do something.
  • #23,009
  • Aug 12, 2013 5:30am Aug 12, 2013 5:30am
Quoting Armacom
Went long at London Open. EUR/JPY 1H. Reasons : Price found support/couldn't really close under yesterdays low, TDI seemed to be hinting to a bounce trade. Price broke the double IB high and monthly resistance was +- 35pips away. Price went to 20 pips profit, THV moved stop loss to BE +1 while I was away and price hit it. Any advice, things I missed are welcome Happy trading ! {image}
I went long too... lets see how it goes
.... laughing all the way to the bank
  • #23,010
  • Aug 12, 2013 5:45am Aug 12, 2013 5:45am
Quoting itsallover
{quote} I went long too... lets see how it goes
Cavemanager got me out at BE +1 after price retraced 20 pips But good luck to you !
Is it just me or is the market quite slow today ?
Don’t ever let someone tell you that you can’t do something.
  • #23,011
  • Aug 12, 2013 5:47am Aug 12, 2013 5:47am
Quoting Armacom
{quote} Cavemanager got me out at BE +1 after price retraced 20 pips Is it just me or is the market quite slow today ?

I expect speed will pick up at NY Open... it is slow. I got out of my EJ trade as the stochs were quite high I didn't like PA stalling with long wicks.


.... just in time as well ...lol.....
.... laughing all the way to the bank
  • #23,012
  • Aug 12, 2013 5:54am Aug 12, 2013 5:54am
hi guys,
what do you think about a long entry in audusd????

Attached Image (click to enlarge)
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tdi and stoch show a bullish hidden divergence and price is closing above 23.6 fino level.... i think is a good opportunity because this pair is in a strong bullish trend from 5 august...

please post your comment!!
  • #23,013
  • Aug 12, 2013 5:57am Aug 12, 2013 5:57am
Quoting frank_seb
hi guys, what do you think about a long entry in audusd???? {image} tdi and stoch show a bullish hidden divergence and price is closing above 23.6 fino level.... i think is a good opportunity because this pair is in a strong bullish trend from 5 august... please post your comment!!
I've been eying that all morning..... waiting for momentum
.... laughing all the way to the bank
  • #23,014
  • Aug 12, 2013 6:00am Aug 12, 2013 6:00am
I was able to get 10pips from EJ this morning. Got stopped out after I moved my SL.
And currently in EU +26
I'm thinking of closing. What does anyone else think?
Attached Image (click to enlarge)
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My charts are going to look small and clumped up for awhile.. My other laptop died and using my mac now ~.~
  • #23,015
  • Aug 12, 2013 6:02am Aug 12, 2013 6:02am
Quoting frank_seb
hi guys, what do you think about a long entry in audusd???? {image} tdi and stoch show a bullish hidden divergence and price is closing above 23.6 fino level.... i think is a good opportunity because this pair is in a strong bullish trend from 5 august... please post your comment!!
Look at the chart, I think there might be along entry
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I Have Learned to Take Some Losses to Make Profits
  • #23,016
  • Aug 12, 2013 6:08am Aug 12, 2013 6:08am
I'm waiting to NY open, very slow market this morning and we also don't have big news today so.....
Anyway, I'm looking for long in eu, it has made a double low and there are like 11 red candles, so I expect a pull-back. In fact there's been a trend of 100 pips short. Waiting now for the price to move clearly above 200ema and 1.33, then I will enter long. If it goes ok, let's see what happens when it touches yesterday's low....
Also looking uj for a short, double top at the beggining of LO and also many green candles in a row...
  • #23,017
  • Aug 12, 2013 6:16am Aug 12, 2013 6:16am
Quoting frank_seb
hi guys, what do you think about a long entry in audusd???? {image} tdi and stoch show a bullish hidden divergence and price is closing above 23.6 fino level.... i think is a good opportunity because this pair is in a strong bullish trend from 5 august... please post your comment!!
Yep I have also been keeping a close eye nice pull back on the hourly just formed, found support around .91509 also fridays asian high.

I guess the q is entry.....

aggressive on the break of the pullback high or wait another hour for apb to set blue and the tdi to cross.

My main concern is on the 4h the tdi is pointing well down and is only on candle red no 2. having said that previous retraces have only been 2-3 red candles on this trend anyway.
  • #23,018
  • Aug 12, 2013 6:33am Aug 12, 2013 6:33am
somewhere it is mentioned by the thread starter that the e/j and g/j moves in the opposite direction but looking at the charts i see them in the same direction
Come tomorrow, I'll wake up new
  • #23,019
  • Aug 12, 2013 6:42am Aug 12, 2013 6:42am
Trade entered. SL 70, TP 100-200... 3/3 positions
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  • #23,020
  • Aug 12, 2013 6:46am Aug 12, 2013 6:46am
Trade entered some few hours ago. Results not as promising. H1 there seems to be a strong resistance. 3/3 positions with 23++pips... Might close all trades in the nex hours if no strong movement when US sessions open.... SL moved to BE
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