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Trading Made Simple

  • #23,801
  • Aug 21, 2013 3:24am Aug 21, 2013 3:24am
Quoting emmanuel7788
{quote} Don't be sorry. It is your money your are trading with. When I was 20 years younger I love to drive fast cars and be in the fast lane all the time. Today I am near 60, a simple car work just fine, drive slowly, enjoy the breeze, ....
hahahaha

I am just following you by 5 yrs. At this age I am comfi with H4 onlly. I had pretty good 100 pips in couple of trades.

fx..
  • #23,802
  • Aug 21, 2013 3:25am Aug 21, 2013 3:25am
Quoting Fx-optimus
Thanks for all the replies. yet I have not got the right answer to my question as also to my own reply on my own question. However, I got one reply that after the entry one has to manage the trade for profit. That's a good one because all trades may not see it's TP. One need to have a skill to manage the trade to optimise the profit. I am not convinced that my entry is late. Please let me know what is the entry point here? The opening of the candle shown in red arrow or the blue arrow? As per my understanding the candle need to close before making...

When you trade H1, it is Price Action entry. Use both H1 and M15 charts side-by-side and watch the rice action.

The other thing is - the TDI does not tell you the market sentiments. Forget that thinking right away.
You can read market sentiments by reading the price bars / candlesticks. Then again, in lower TF like H1 and M15, the sentiments is very fast changing, so I look at higher TF like H4 when I trade intraday. In volatile market condition, when you wait for candle to close, price already move far away from you. How to mitigate this?

Managing trade manually in lower TF like H1 also requires you to read the price action using price bars / candlestick, and knowing how you want to manage your trade means you should know when to move to BE+ or you let your trade manager EA work for you. Set and forget is what I do. This way, my focus is in looking for setups and concentrate on getting good entry price. Let the trade manager EA work for me.

The APB is a good aid on your chart but you must know what it tells you. Look closely at the APB and learn its behaviour.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,803
  • Aug 21, 2013 3:26am Aug 21, 2013 3:26am
Quoting emmanuel7788
{quote} When you trade H1, it is Price Action entry. Use both H1 and M15 charts side-by-side and watch the rice action. The other thing is - the TDI does not tell you the market sentiments. Forget that thinking right away. You can read market sentiments by reading the price bars / candlesticks. Then again, in lower TF like H1 and M15, the sentiments is very fast changing, so I look at higher TF like H4 when I trade intraday. In volatile market condition, when you wait for candle to close, price already move far away from you. How to mitigate this?...
Let's not forget TDI is lagging too... which is why PA > rules in 1H
  • #23,804
  • Aug 21, 2013 3:27am Aug 21, 2013 3:27am
Quoting emmanuel7788
EJ will react at 130.40 .... why? don't panic and jump out if you are seller. next reaction 130.05
130.40 is it because of strong support and also the ema 50 (1H chart)?
  • #23,805
  • Aug 21, 2013 3:39am Aug 21, 2013 3:39am
May have EU buy oppotunity sooner or later today..... Waiting TDI signal.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #23,806
  • Aug 21, 2013 3:41am Aug 21, 2013 3:41am
you guys have your eyes on the usdcad? in 20 mins a new candle will form, price line is starting to angle down. yummy
  • #23,807
  • Aug 21, 2013 3:45am Aug 21, 2013 3:45am
Quoting heispark
May have EU buy oppotunity sooner or later today..... Waiting TDI signal.

I am actually looking for a sell at 4H
  • #23,808
  • Aug 21, 2013 4:04am Aug 21, 2013 4:04am
Quoting emmanuel7788
{quote} When you trade H1, it is Price Action entry. Use both H1 and M15 charts side-by-side and watch the rice action. The other thing is - the TDI does not tell you the market sentiments. Forget that thinking right away. You can read market sentiments by reading the price bars / candlesticks. Then again, in lower TF like H1 and M15, the sentiments is very fast changing, so I look at higher TF like H4 when I trade intraday. In volatile market condition, when you wait for candle to close, price already move far away from you. How to mitigate this?...
Thanks for your reply. I stand corrected now. The TMS is purely based on price action. If I can read APB well the trading can be simple. I got the cave manager ea. But I don't know how to set the parameters. There are so many parameters given there and I am unable to comprehend to set it correctly to manage my trades.

Thanks anyway for the clarity.

Fx..
  • #23,809
  • Aug 21, 2013 4:08am Aug 21, 2013 4:08am
usdcad trying to breach 1.0450. will it breakthrough or bounce down.

tdi price line has been in 68 levels for so long will she finally fall?
  • #23,810
  • Aug 21, 2013 4:58am Aug 21, 2013 4:58am
Quoting FxLapozi
{quote} How much would it cost?

I'll PM you later with some details..
If I post anything about CompassFX, the FF Moderator will ban me and send this thread to the Commercial Content forum.
We don't want this to happen, do we?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,811
  • Aug 21, 2013 5:04am Aug 21, 2013 5:04am
Quoting Fx-optimus
{quote} Thanks for your reply. I stand corrected now. The TMS is purely based on price action. If I can read APB well the trading can be simple. I got the cave manager ea. But I don't know how to set the parameters. There are so many parameters given there and I am unable to comprehend to set it correctly to manage my trades. Thanks anyway for the clarity. Fx..
TMS is based on using the TDI, APB, 5EMA shift+3, ....
Price Action and Support and Resistance is what we must see on our charts.

Sorry cannot help you with THV Cavemanager trade manager because I don't use that. Hope the other folks here can help you.

To use any trade manager EA, you must first decide on how you want to manage your trade exits.
- do you want to use single entry / single exit or singe entry/multiple exits
- when to move to BE?
- when to take partial profit or full exit?
- when to move stops when in profit after BE?
etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,812
  • Aug 21, 2013 5:05am Aug 21, 2013 5:05am
Quoting FxLapozi
{quote} I am actually looking for a sell at 4H

FOMC may help us later today.... NY 2pm.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,813
  • Aug 21, 2013 5:18am Aug 21, 2013 5:18am
Quoting FxLapozi
{quote} I am waiting for the 4h and 1h bar to close in 30minutes time before entering short. There will be a retrace to 6x-70 in the next hour. Will enter short there if the candle remain below EMA. Too early to enter now although the indicators do point to south. I dont wanna take a risk especially not on yen pairs whereby anything can happen.
i have just taken a short on the usdcad. currently up by around 8 pips.
  • #23,814
  • Aug 21, 2013 5:36am Aug 21, 2013 5:36am
Took this EUR/USD at Frankfurt open short, PA almost hit tp at 50.0% Fibs and then reverse all the way back , I did not watched the trade else might exit at like 15 pips or so

Manually closed it for +5 pips
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I Have Learned to Take Some Losses to Make Profits
  • #23,815
  • Aug 21, 2013 6:00am Aug 21, 2013 6:00am
Quoting FxLapozi
{quote} FYI, i did not enter any trade before the candle close. Please refer to my earlier post whereby I stated that I will enter once 4h and 1h bar closed which I did. I sold at the retracement I mentioned earlier because the PA seems to suggest south movement. the Stop loss is around 40-50pips and the reward is probably more which is why i took up the trades. You see, the rules are dead. If you keep sticking to the rules, it will get you nowhere (at least for 1H chart) because you are either 1. Probably too late to enter trades because everything...
Ok buddy. Cool. Rules are dead for H1 trading. That's great to hear. So many of you simply trading here based on price action or using their own way of TMS. TDI is a lagging indi - that some one quoted earlier. Thanks anyway for clarification.

Fx..
  • #23,816
  • Aug 21, 2013 6:10am Aug 21, 2013 6:10am
Quoting Fx-optimus
{quote} Ok buddy. Cool. Rules are dead for H1 trading. That's great to hear. So many of you simply trading here based on price action or using their own way of TMS. TDI is a lagging indi - that some one quoted earlier. Thanks anyway for clarification. Fx..
Fx-optimus, You should understand one thing: TDI - is a tool and tools are made to be used properly when needed. You don't take a hammer to tighten a bolt. So, for every situation, you use proper tools. The fundamentals of the price movement are always the same and don't be angry for something you don't understand. Markets are constantly changing and You must adapt with the right tools.
  • #23,817
  • Aug 21, 2013 6:17am Aug 21, 2013 6:17am
If I am correct this would be a nice setup according TMS, currently 9 pips profit.
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  • #23,818
  • Aug 21, 2013 6:35am Aug 21, 2013 6:35am
Quoting emmanuel7788
EJ will react at 130.40 .... why? don't panic and jump out if you are seller. next reaction 130.05

is 130.40 a daily resistance ? should we look into big round numbers also ?
  • #23,819
  • Aug 21, 2013 7:01am Aug 21, 2013 7:01am
good practice day for me... won some, lost some. will rest for now.

enjoy your day guys
  • #23,820
  • Edited 7:39am Aug 21, 2013 7:07am | Edited 7:39am
Hello to all

I took this trade in H4 TF
please look at the pics! ( I also know that the previous res might be the next support )

at the H4 good angle, top of the 68 line, stoch confirm

At the H1 Good angle and Bounce but under 32 line

but at the m30 it is bouncing and upward!!

Which of them should be relied on?!

I just pay attention to H4 and go on a short trade! ( of course by ignoring the supp)
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