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Trading Made Simple

  • #23,381
  • Aug 15, 2013 6:59pm Aug 15, 2013 6:59pm
Quoting emmanuel7788
EU week 33 4H swing trading: Tough week trading EU and now price reset back to this week' open. If you look at that huge master candle, you will learn something. It is like a trap with two open doors. First swipe out all sellers, draw in the buyers, then swipe out buyers... back to week open. {image}
this is what happens when u trade news break.
  • #23,382
  • Aug 15, 2013 8:07pm Aug 15, 2013 8:07pm
Quoting emmanuel7788
EU week 33 4H swing trading: Tough week trading EU and now price reset back to this week' open. If you look at that huge master candle, you will learn something. It is like a trap with two open doors. First swipe out all sellers, draw in the buyers, then swipe out buyers... back to week open. {image}
Smart money hunting down retails.... Always.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,383
  • Aug 15, 2013 8:18pm Aug 15, 2013 8:18pm
Quoting Phx62
Three trades today on EJ H1.... 1st trade...BE trade....could have closed it for a few pips but I was having dinner with my family and the EA closed it at BE. 2nd trade...nice TMS trade....setup candle before LO....took trade at LO with TDI cross of green over red and the 50 line...and about to cross the MBL. 3rd trade...taken following US news releases....was away from computer at NYO or I would have entered sooner on the pullback candle....did not hit 100 pip TP...closed manually.....nice TDI green cross over red at open of the entry candle to...
Hello Phx62,

Very inspiring trades as usual. I have been following your posts and wanted to say a huge thank you publicly, you have definitely put me on the correct track to trading TMS.

Could you confirm with me on your 15m chart, did you base trade #3 on the red reversal candle as shown on the chart attached? I didn't see any color change on 1 hour. Just the strong price rejection at resistance. No red candles though.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy151.jpg Size: 723 KB
  • #23,384
  • Aug 15, 2013 8:37pm Aug 15, 2013 8:37pm
Quoting Phx62
Three trades today on EJ H1.... 1st trade...BE trade....could have closed it for a few pips but I was having dinner with my family and the EA closed it at BE. 2nd trade...nice TMS trade....setup candle before LO....took trade at LO with TDI cross of green over red and the 50 line...and about to cross the MBL. 3rd trade...taken following US news releases....was away from computer at NYO or I would have entered sooner on the pullback candle....did not hit 100 pip TP...closed manually.....nice TDI green cross over red at open of the entry candle to...
Posts are flying very fast here. I don't know you see back on posts to respond. Still I take a chance. I find your entries were made on the same candle of green crossing red (Is this you call LO?). How do you know this move will go? The market can also reverse in the same candle. The EA that you are using makes the entry exit or is it managing your manual order for BE/TP? Please let me know in which post I can find.

After reading lot of post I made entries in my live account in H4. Most of the orders move about +50 and returns back to BE and then moves in the direction of original order for more than 100 pips. It happened in several orders. I am thinking of looking at H1 also for entries. I did have success in some of the orders hitting my 100 pip take profits.

One more question, I find most of you are trading EURJPY. Are there specific pairs this method works more profitable? Or can we trade any pair with this method?

Too many questions. Please don't mind. You must have answered several time before. Finding answers for these questions in this huge thread is an uphill task. Please help me.

FxOptimu$
  • #23,385
  • Edited 9:48pm Aug 15, 2013 9:30pm | Edited 9:48pm
Quoting Fx-optimus
{quote} Posts are flying very fast here. I don't know you see back on posts to respond. Still I take a chance. I find your entries were made on the same candle of green crossing red (Is this you call LO?).
i believe he uses pasr and tdi is confirmation, there were several reasons he took that trade when he did try and identify them and you will learn how to get the most pips out of a trade setup.
How do you know this move will go?
see above pasr
The market can also...
hope you dont mind me answering i am not an expert but am having good success now so i want to help as others have helped me.
  • #23,386
  • Aug 15, 2013 9:34pm Aug 15, 2013 9:34pm
long au trade +41
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 40 KB
Trade what you see .
  • #23,387
  • Aug 15, 2013 10:14pm Aug 15, 2013 10:14pm
Took EJ Buy yesterday just after 6pm my time (GMT + 10)
entered at 2nd white candle and crossover of TDI on a 1 hour chart
originally looking for 40 pips profit which was the atr for the time period.
PA good so moved it to 50 pips which was a little under the previous days high.
sold 50% at +20, then 30% at + 35 which was at the 62% retracement.
stop at + 19 pips and let the trade either stop out or hit the 50pips
woke up at 3.00am to go to work and found the 50 pips hit.
Attached Image (click to enlarge)
Click to Enlarge Name: 20130815 buy eurjpyh1.png Size: 54 KB
  • #23,388
  • Aug 15, 2013 10:40pm Aug 15, 2013 10:40pm
Had a good day yesterday, helped by news of course On the 100 pip AU trade I originally had my take profit set at 50 pips but it was moving so well I decided to move 10 pips behind the m15 candle with a 100 pip tp which it reached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpymh1.gif Size: 35 KB
Click to Enlarge Name: audusdmh1.gif Size: 34 KB
  • #23,389
  • Aug 15, 2013 10:42pm Aug 15, 2013 10:42pm
Quoting adamjhdavis
{quote} hope you dont mind me answering i am not an expert but am having good success now so i want to help as others have helped me.
Thanks. You need not be an expert to answer. You are successful in TMS itself shows that you are an expert. I appreciate that.

By the way can you tell me which are the pairs you find the TMS works best and what time frame.

Fx...
  • #23,390
  • Aug 15, 2013 10:44pm Aug 15, 2013 10:44pm
Quoting lastingwell
Had a good day yesterday, helped by news of course {image} {image}

I took the exact same three trades, to the pip almost, i still don't understand how Phx62 wasn't stopped at BE on the same EJ Long trade though.

Good trading, you seem to of come along well recently
  • #23,391
  • Aug 15, 2013 10:45pm Aug 15, 2013 10:45pm
I find most of you are trading H1. I don't see many trading the H4 as recommended by the creator.

Fx..
  • #23,392
  • Aug 15, 2013 10:45pm Aug 15, 2013 10:45pm
Quoting rob Miller
Took EJ Buy yesterday just after 6pm my time (GMT + 10) entered at 2nd white candle and crossover of TDI on a 1 hour chart originally looking for 40 pips profit which was the atr for the time period. PA good so moved it to 50 pips which was a little under the previous days high. sold 50% at +20, then 30% at + 35 which was at the 62% retracement. stop at + 19 pips and let the trade either stop out or hit the 50pips woke up at 3.00am to go to work and found the 50 pips hit. {image}
Hello
I would like to know the name of the indicator that you have in the right up corner where show M D 4H 1H with arrow
thk
  • #23,393
  • Aug 15, 2013 10:46pm Aug 15, 2013 10:46pm
Quoting Phx62
{quote} No....the blue setup candle was a pullback candle from the news release....if you will notice, the long wick is only on the top....the one on the bottom is very small. My entry should have been just below the solid white line when price pulled back into the range. If I had entered there, I would have reached my 100 pip TP but we all know that hindsight is 20/20.....
Hello Phx, Thanks for quick reply, but I'm referring to the second trade (start of LO session).
Attached Image (click to enlarge)
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  • #23,394
  • Aug 15, 2013 10:47pm Aug 15, 2013 10:47pm
Quoting Fx-optimus
I find most of you are trading H1. I don't see many trading the H4 as recommended by the creator. Fx..
The attractiveness of trading like Phx62 has influenced many to go to 1H.

Also in my case im far to inpatient for 4H trades, you need to discover what type of trader YOU are.
  • #23,395
  • Aug 15, 2013 10:52pm Aug 15, 2013 10:52pm
Had you ride EJ?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,396
  • Aug 15, 2013 11:00pm Aug 15, 2013 11:00pm
Quoting lastingwell
Had a good day yesterday, helped by news of course On the 100 pip AU trade I originally had my take profit set at 50 pips but it was moving so well I decided to move 10 pips behind the m15 candle with a 100 pip tp which it reached. {image} {image}
Good job, Phx62 clone!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,397
  • Aug 15, 2013 11:36pm Aug 15, 2013 11:36pm
Quoting emmanuel7788
{quote} farhad10, this chart you posted is a good lesson for all to check their higher TF candles to be in the direction of the higher TF pric e momentum. In the chart posted, every 6 x H4 candles will form a Day candle. So when you see a TDI cross up against several H4 candles, ask yourself what the Day candle is like before you trade H4 TDI cross against the Day candle. The same, you must see also the Weekly candle. When you want to trade against the Day candle or week candle, make sure there is enough room for you to take profit or scale-out...
Thank You !! Thank You !! Thank You !!
  • #23,398
  • Aug 15, 2013 11:49pm Aug 15, 2013 11:49pm
Quoting heispark
{quote} Good job, Phx62 clone!

I'm getting there slowly
  • #23,399
  • Aug 15, 2013 11:53pm Aug 15, 2013 11:53pm
Quoting FXorcist
{quote} Was this entry before the candle closed with the TDI crossed? It seems like I am usually 1 candle late on the entry so maybe I am misunderstanding the correct entry procedures.
as I understood it parsfx took the trade on the PA candle, which was one candle ahead of the TDI cross. As we all know indicators are always behind price, and studying PA takes chart time and experience. On this trade the TDI just confirmed the PA so it was an A+ set up.

Having said that, it just allowed him to enter ahead but had you taken the trade on the cross you would still have won.

regards.
  • #23,400
  • Aug 15, 2013 11:57pm Aug 15, 2013 11:57pm
Quoting emmanuel7788
{quote} AJ reached target 60% of 52 weeks average traded range... {image}

Emmanuel,

Could you share your insights about 60%, 100% of weekly traded range. How are they useful in trading. If it has been discussed before, then pls just share the name of the indi, I will look it up and read the earlier posts.

Thanks in advance.
-- FxPP
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