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Trading Made Simple

  • #23,521
  • Aug 17, 2013 3:15pm Aug 17, 2013 3:15pm
Quoting emmanuel7788
{quote} here download this pdf
link ok work fine
  • #23,522
  • Aug 17, 2013 4:16pm Aug 17, 2013 4:16pm
Quoting fx light
is this a valid entry? {image}
daily and weekly this is going up Friday it was going sideway all day.
I would wait for some pull back.
  • #23,523
  • Aug 17, 2013 6:20pm Aug 17, 2013 6:20pm
GBPUSD preparation work for Week 34:

Here is an excample what I do as preparation for 4H swing trading.
Since we talked about channelin technique, GU shows a steep price rising(standard deviation) in the past 3 weeks but there are some signs of price structure change. First sign of a trunaround ...weakening demand.
Look at the attached chart below and hope you pick up some lesons from it.

Next week34, there is no comfirmation that price has reverse yet. There is a potential resistance zone above between 1.5670 and 1.5750. Look at your Monthly and you will see this much clearer.We are techanical traders and market fundamentsal are in play. We must be careful.

Channeling technique can be use here and it shows a nice rising channel but since we have a TDI cross after last Friday' price consolidation, we must see sellers before we can assume any sell position next week. Price can still go sideways after that TDi cross down. We need to see supply from the top.

Trade Well.
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 34 4H PA.png Size: 159 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,524
  • Aug 17, 2013 7:10pm Aug 17, 2013 7:10pm
Quoting emmanuel7788
GBPUSD preparation work for Week 34: Here is an excample what I do as preparation for 4H swing trading. Since we talked about channelin technique, GU shows a steep price rising(standard deviation) in the past 3 weeks but there are some signs of price structure change. First sign of a trunaround ...weakening demand. Look at the attached chart below and hope you pick up some lesons from it. Next week34, there is no comfirmation that price has reverse yet. There is a potential resistance zone above between 1.5670 and 1.5750. Look at your Monthly and...
Hi emmanuel thk for the lesson
but I would like to know is after 2 or 3 APB and close below the ema5 and the tdi still down can I assumen the pressens of the seller?
thk again
  • #23,525
  • Aug 18, 2013 1:40am Aug 18, 2013 1:40am
Quoting adamjhdavis
{quote} quick question when you get a minute, what folder do you load it into? never used EA's before. regards adam
It goes in the Experts folder and then restart your platform......
  • #23,526
  • Aug 18, 2013 1:49am Aug 18, 2013 1:49am
Quoting FxProPlayer
{quote} Phx62, I blv you are referring to the upmove attached in my post. When you say larger candles do you mean just the blue ones or the red ones as well. If you mean just the blue ones, then where should be a safe entry and exit for a long? Also if there are large red candles without wicks shouldnt that be a deterrent from taking a long position? I am just trying to see what you saw in that chart. Hope my question is clear enough, if not I will rephrase. Thanks, FxPP {image}
All of them......the larger the candles, the more volume in the market......
My entry on your chart would be the open of the third blue candle (candle 2 does not really count since it is a small doji candle) with the TDI confirming the move.....price would also have broken above your EMA.
If there was no set TP, my exit would be at S because the TDI had rolled over at the open of that candle.
  • #23,527
  • Aug 18, 2013 1:53am Aug 18, 2013 1:53am
Quoting Fx-optimus
{quote} Hi Phx62 Thanks for your reply. Now I am getting clarity on various aspects of TMS. In fact I had all the pairs opened in H4 and placed orders on TDI crosses above 68 or below 32. I got couple of trades hitting my tp at 100 pips. But many trades retraced after having moved to little over 50 pips. From now on I will be focussed. I find that you are using the THV Cave Manager ea to manage your manual orders. I downloaded the pdf file from the only attachment of yours found in this thread. However, the caveManager ea file is not found anywhere...
Hi Fx-Optimus,

May I ask what is basket trading?

Thanks,
Prominent88
  • #23,528
  • Aug 18, 2013 2:35am Aug 18, 2013 2:35am
Quoting Prominent88
{quote} Hi Fx-Optimus, May I ask what is basket trading? Thanks, Prominent88
Trading 14 pairs in a bunch together. Check for the thread in the forum.

Fx...
  • #23,529
  • Aug 18, 2013 4:26am Aug 18, 2013 4:26am
Quoting fx light
is this a valid entry? {image}
If you look at 3 timeframes:
Weekly: trend is UP
Daily: trend is UP
4H: weak sell signal

Only if daily also gives a clear sell signal I would consider entering a short, however many times H4 provides a more early entry.
  • #23,530
  • Aug 18, 2013 4:34am Aug 18, 2013 4:34am
Quoting adamjhdavis
{quote} quick question when you get a minute, what folder do you load it into? never used EA's before. regards adam
Hi adamjhdavis
You can copy the Cave Manager EA into MT4> Experts Files. Then restart your plateform and Choose this EA from Navigator window.

arasheed
  • #23,531
  • Aug 18, 2013 4:49am Aug 18, 2013 4:49am
Quoting gasj00
{quote} Hi emmanuel thk for the lesson but I would like to know is after 2 or 3 APB and close below the ema5 and the tdi still down can I assumen the pressens of the seller? thk again
Hi gasj00,

If you look at the attachment Emmanuel posted you will see the highlighted are 1. Do you see the writing in grey "Study the PA in this area....learn!" PA will tell us the sellers are active. Emmanuel has talked a lot about the need to be patience when we wait for our entry but he has also told us many times that we need to see our checklist ticked of before we go into our trade. look at post # 18227 this is a checklist that can be used for 4H entries (you might want to look at the posts below 18227 as there are more channeling examples on GU).
  • #23,532
  • Aug 18, 2013 5:03am Aug 18, 2013 5:03am
Daily EUR/USD giving a BUY signal, Weekly is UP and H4 is turning UP.
What would the best entry level be based on this system?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdprodaily.png Size: 42 KB
  • #23,533
  • Aug 18, 2013 5:05am Aug 18, 2013 5:05am
Quoting henkipips
Daily EUR/USD giving a BUY signal, Weekly is UP and H4 is turning UP. What would the best entry level be based on this system? {image}
Welcome to TMS Henkipips

what time frame are you trading? If your trading H4 why would you make your entry based on the TDI on D1 charts.

To get you started see below:

An Example of General trading rules for 4H post number 19223 / 19274

Emmanuel on preparation work for TMS 4Hr traders - see post number 19297 & 19308 & 19345

Emmanuel on building a winning system using TMS as the core method:post #19498
  • #23,534
  • Aug 18, 2013 5:14am Aug 18, 2013 5:14am
trading H4 but combining third screen strategy with this strategy. so if H4 issues a sell signal but daily is still going UP will not take the trade.
thanks for the info!
  • #23,535
  • Edited 6:34am Aug 18, 2013 5:33am | Edited 6:34am
Quoting henkipips
trading H4 but combining third screen strategy with this strategy. so if H4 issues a sell signal but daily is still going UP will not take the trade. thanks for the info!
Henkipips,

yes this is one of the 5 TMS entry rules...what are the other 4? (see post number 18227)

1)
2)
3)
4)
5) Stoch confirm or higher TF confirm the Primary Trend you want to trade.


Now back to your original question:

Quoting henkipips
Daily EUR/USD giving a BUY signal, Weekly is UP and H4 is turning UP. What would the best entry level be based on this system? {image}
we need to have a plan A, B, C...but how do we formulate this plan...well there is a structure to help you identify this called Big Picture Planning. See below on how to construct a Big Picture Plan to formulate your plans A,B,C and identify sound entry levels based on TMS:

Emmanuel on Big Picture Planning: Posts number 18709, 18710, 18711, 18721, 18722, 18721, 18723, 18724. Alternate examples18370, 18371, 18372.
  • #23,536
  • Edited 2:18pm Aug 18, 2013 5:42am | Edited 2:18pm
Just to recap for all the newer guys to TMS. Here are some main posts to look at that need focus as the same questions have been reoccurring over and over the past week, with members not interested in wanting to search for answers to their questions already contained in the thread (the search for your answers is an important development tool for all traders. If you don't practice it here...how can you apply this thirst for answers anywhere else in your development as a trader). You need to read these posts - more importantly read the entire thread (if your serious about trading the TMS strategy)! study the important posts, apply them and formulate your system!

Emmanuel has mentioned on many occasions:
"The TMS entry and exit rules are simple and very easy to learn and to follow (part of your trading strategy). But the pre-requirements to trading is the preparation work and planning. Doing the prep work and having a trade plan is important because that helps us to look for chart conditions and the opportunities to get into the market (part of your trading system)."post: # 20085


Some important posts (for reflection) in TMS 4H trading:

Emmanuel on getting up to speed with TMS & the shortcut to TMS success (the red herring ): Post # 21782
Emmanuel on Building a winning system using TMS as the core method: Post #19498, 20108
Emmanuel on General TMS trading rules for 4H: Post #19223, 19274
Emmanuel on Preparation work for TMS 4Hr traders: Post #19297 & 19308 & 19345
Emmanuel on Big Picture Planning: Post #18709, 18710, 18711, 18721, 18722, 18721, 18723, 18724
Emmanuel on the importance of having a plan A, B & C:16197
Emmanuel on TMS entry / Exit Rules: Post # 18227

Enjoy & please take the time to read and take notes and acknowledge the fundamental differences between a trading strategy & a trading system (see image below) - post # 23294.

Attached Image


Please note: the above references to post numbers are intended to draw attention to specific areas of TMS 4h trading for people that are finding it hard to navigate this thread, or don't want to invest the time into looking at what TMS 4H trading truly entails...a system of interlinking parts. These references to post numbers should not act as a substitute for reading the whole thread from start to finish...until this is done (reading the thread from start to finish!) you will not be able to see the important focus points to implement to your system in-order to enhance your success of trading TMS on a 4hr time frame in a consistent (and consistently profitable) way.

Regards,

Erol
  • #23,537
  • Aug 18, 2013 6:20am Aug 18, 2013 6:20am
Quoting Erol
Just to recap for all the newer guys to TMS. Here are some main posts to look at that need focus as the same questions have been reoccurring over and over the past week, with members not interested in wanting to search for answers to their questions already contained in the thread (the search for your answers is important development tool for all traders). You need to read these posts - more importantly read the entire thread (if your serious about trading the TMS strategy)! study the important posts, apply them and formulate your system! Emmanuel...
Oh Erol you are doing great job helping us, thanks a lot, keep going , I really appreciate the hard work that has been done by ur side

Cant wait for another trading week using TMS, its great
I Have Learned to Take Some Losses to Make Profits
  • #23,538
  • Aug 18, 2013 6:22am Aug 18, 2013 6:22am
Thanks for the help Erol! Thinking about to read all posts from Emmanuel!
  • #23,539
  • Aug 18, 2013 8:08am Aug 18, 2013 8:08am
Quoting Erol
Just to recap for all the newer guys to TMS. Here are some main posts to look at that need focus as the same questions have been reoccurring over and over the past week, with members not interested in wanting to search for answers to their questions already contained in the thread (the search for your answers is an important development tool for all traders. If you don't practice it here...how can you apply this thirst for answers anywhere else in your development as a trader). You need to read these posts - more importantly read the entire thread...

Just wanted to say thanks Erol, Emmanual and all others that put alot of time and effort into this thread. It's very much appreciated. Will keep watching and learning and post charts and questions if needed but it seams like all info is here already. Thanks Again!!
Barry
  • #23,540
  • Aug 18, 2013 9:04am Aug 18, 2013 9:04am
Quoting Erol
{quote} Hi gasj00, If you look at the attachment Emmanuel posted you will see the highlighted are 1. Do you see the writing in grey "Study the PA in this area....learn!" PA will tell us the sellers are active. Emmanuel has talked a lot about the need to be patience when we wait for our entry but he has also told us many times that we need to see our checklist ticked of before we go into our trade. look at post # 18227 this is a checklist that can be used for 4H entries (you might want to look at the posts below 18227 as there are more channeling...
Erol thk so much , I study the chart and the note tha emmanuel write
again thk so much
base on that I made analisys could you please pick a look
Attached Image (click to enlarge)
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