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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple

  • #23,861
  • Aug 21, 2013 10:46pm Aug 21, 2013 10:46pm
Quoting gasj00
hello I would like to share this EA TMS entry second canddle cross down dobble top regards gasj00 {image}
out by SL
looking for other enter
  • #23,862
  • Edited 11:40pm Aug 21, 2013 11:29pm | Edited 11:40pm
My view on EUR/USD and AUD/USD

Emmanuel, those GBP/USD trades are top of the art, I mean you were selling on predefined levels as the market push up towards the boundaries of the channel, what an advanced way of trading, I wish to reach those high one day

About the 10EMA dashboard indicator, I have an indicator called TRO_Multi_Meter_CandleColor , do you have an idea about it? I don't know if its any good in TMS, or do you recommend the 10EMA dash since am very much interested in a multi time frame indicator and been trying to get one for TMS

This GBP/USD chart of Emmanuel is a learning webinar in it self

Thanks a lot
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR_USD.jpg Size: 243 KB
Click to Enlarge Name: AUD_USD.jpg Size: 212 KB
Click to Enlarge Name: Indi.jpg Size: 159 KB
Attached File(s)
File Type: zip TRO_MULTIMETERCANDLECOLOR.zip   12 KB | 521 downloads
I Have Learned to Take Some Losses to Make Profits
  • #23,863
  • Aug 21, 2013 11:45pm Aug 21, 2013 11:45pm
Quoting tenmilewalk
{quote} inspiring as usual phx 62. I happened to take this trade as well at the same price. However, I entered due to it being a pullback and did not wait for the next candle to close red to make make a reversal pattern. It was mostly fear of losing out on pips. What would have been the correct rationale for the entry?
I am careful taking trades just before the LO. I often am unsure what the volume of the LO will be, so I look for a direction. In this case it followed the pullback reversal candles and moved down and you read the chart correctly. My other concern in taking the short was that the MBL was still below the green and the red, usually indicating a shorter term trade.......
  • #23,864
  • Aug 22, 2013 12:01am Aug 22, 2013 12:01am
GBPUSD 4H

Entered after bounce trade was confirm. As you can see, when the green cross the red in the purple vertical line, it did not cross completely.It looks like a bounce. Hence, I have to wait until the highlighted part in TDI to confirm that it was a bounce. The 2nd 4h bar looks like a shooting star too.

I then entered my trade when the 3rd 4H bar crossing the EMA. It's a late entry but overall decent set up. Now up with +60pips. SL moved to +21. letting it ride.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4H.png Size: 47 KB
  • #23,865
  • Aug 22, 2013 12:16am Aug 22, 2013 12:16am
Quoting emmanuel7788
{quote} FxLapozi, Congrats! your TP hit. in trending market type, most often it will reach 100% of its 100-weeks average range. In this case, it went farther that this range...270pips from week open. regards, EMMANUEL {image}
Thanks. The reason why I let it flow instead of closing the trades (despite knowing that the week extreme low was 0778) was that FOMC minute was going to released few hours later. Plus, I already at BE. Nothing to lose then. It paid off apparently.
  • #23,866
  • Aug 22, 2013 12:35am Aug 22, 2013 12:35am
Quoting FxLapozi
{quote} I am actually looking for a sell at 4H
Closed all my short for 35pips each.. Putting in a small buy here with the resistance quite strong at 1H
  • #23,867
  • Aug 22, 2013 12:52am Aug 22, 2013 12:52am
Does anyone else see this setup on AU although a strong downtrend on scalp for about 30-40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
  • #23,868
  • Aug 22, 2013 12:53am Aug 22, 2013 12:53am
Quoting evilmechy
{quote} Hey Emmanuel, Mind explaining why you took those trades? Thanks.
evilmechy,

You did not read nor follow my posts since Sunday 18 August and now I have to repeat everything for you.

The background to this GU trade as learning example this week started when one member PM me asked about how to know the market type to trade in.

Question to you: Do you know what the three market types are and which market types are suitable for trading TMS?

Then I had posted before on how to identify channels using TDI cross to confirm swing points on our chart. Post#23,526

Go back and read that post#23.526, then follow the daily update which I made for this GU pair this week. I mentioned about having patience for this pair for several reasons. The reasons were mentioned and given hints in my posts on GU this week.

I also mentioned that I will be building up positions on this GU 4H swing trade. Does anyone know why I am doing this?

All these are posted daily in realtime for us to learn together and you have to be active and participate, you can ask questions and not wait till I closed my trades because that make it difficult for me to recall my thoughts days after.

Trade Well folks.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,869
  • Aug 22, 2013 1:30am Aug 22, 2013 1:30am
Quoting emmanuel7788
TMS 10EMA Dashboard Attached dashboard which is used to show you when the price action is above or below the 10EMA in all chart timframes. Spend time and study the price behaviour in relation to the 10EMA on all TFs. You will see how useful that is and may change the way you look at trade setups. {image} {file}
Hi emmanuel,

thanks for the indicator, do you load ex files different to mq files? they never seem to appear in my custom indicators list!

also your big picture planning on the GU this week was awsome, thankyou

Regards

Adam
  • #23,870
  • Aug 22, 2013 2:51am Aug 22, 2013 2:51am
Quoting adamjhdavis
{quote} Hi emmanuel, thanks for the indicator, do you load ex files different to mq files? they never seem to appear in my custom indicators list! also your big picture planning on the GU this week was awsome, thankyou Regards Adam
you keep all the indicators in the experts>indicators folder
Come tomorrow, I'll wake up new
  • #23,871
  • Aug 22, 2013 2:55am Aug 22, 2013 2:55am
guys i have been trading with oanda for a while. i would like to change my broker. could you provide me some good registered brokers?
Come tomorrow, I'll wake up new
  • #23,872
  • Aug 22, 2013 3:19am Aug 22, 2013 3:19am
quick note. probably missed a potential breakout trade for eur.jpy just now. red doji before Lo. Lo candle reversed to close above red. breakout candle now was past the highs of the previous 7 consolidating candles. Will have to wait for the 1hr pa traders to see if they took this.
Attached Image (click to enlarge)
Click to Enlarge Name: aug 22 eur.jpy.h1 analysis.png Size: 47 KB
  • #23,873
  • Aug 22, 2013 3:30am Aug 22, 2013 3:30am
Quoting tenmilewalk
quick note. probably missed a potential breakout trade for eur.jpy just now. red doji before Lo. Lo candle reversed to close above red. breakout candle now was past the highs of the previous 7 consolidating candles. Will have to wait for the 1hr pa traders to see if they took this. {image}

You tried to trade against the H4 and D PA and TDI
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,874
  • Aug 22, 2013 3:37am Aug 22, 2013 3:37am
Quoting emmanuel7788
{quote} You tried to trade against the H4 and D PA and TDI
hi emmanuel. such is the life of the young and ambitious who like to, in your words, drive fast cars
  • #23,875
  • Aug 22, 2013 3:39am Aug 22, 2013 3:39am
Quoting tenmilewalk
{quote} hi emmanuel. such is the life of the young and ambitious who like to, in your words, drive fast cars
im a bit confused about trading against the h4 though. the chart here shows that h4 had a bullish and is currently a second blue candle with a cross on the tdi on botht the h1 and h4 as well.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 49 KB
  • #23,876
  • Aug 22, 2013 4:03am Aug 22, 2013 4:03am
Another Entry 2 trades

There was a pullback , which this time closed my second position. Trade manager did its job this time =)

Trade #1 +20

Trade #2 +25


Makes it +90 today
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym158-22-13.png Size: 116 KB
Dragon Rider
  • #23,877
  • Aug 22, 2013 4:04am Aug 22, 2013 4:04am
Quoting tenmilewalk
{quote} im a bit confused about trading against the h4 though. the chart here shows that h4 had a bullish and is currently a second blue candle with a cross on the tdi on botht the h1 and h4 as well. {image}

H4 and D both show bullish, I thought you were in sell with that 'x' marking on your h1 chart.
Sorry if I has mis-read your chart earlier.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,878
  • Aug 22, 2013 4:07am Aug 22, 2013 4:07am
Quoting emmanuel7788
{quote} H4 and D both show bullish, I thought you were in sell with that 'x' marking on your h1 chart. Sorry if I has mis-read your chart earlier.
you are probably one of the few who knows how to read my confusing charts. The arrow was a typo on my part.
  • #23,879
  • Aug 22, 2013 4:08am Aug 22, 2013 4:08am
Quoting TheScorpS
My view on EUR/USD and AUD/USD Emmanuel, those GBP/USD trades are top of the art, I mean you were selling on predefined levels as the market push up towards the boundaries of the channel, what an advanced way of trading, I wish to reach those high one day About the 10EMA dashboard indicator, I have an indicator called TRO_Multi_Meter_CandleColor , do you have an idea about it? I don't know if its any good in TMS, or do you recommend the 10EMA dash since am very much interested in a multi time frame indicator and been trying to get one for TMS This...

Hi TheScorpS,

I am not sure of that TRO ... indy yet. From the coding, it is supposed to show you the candle colours with reference to the moving average.
Do not use unless there is description of the system that TRO indy is being used.

If you want a MTF dashboard, tell me what you want exactly that to show and I may have something 'off the shelf' which I can pull out for you.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,880
  • Aug 22, 2013 4:10am Aug 22, 2013 4:10am
Quoting tenmilewalk
{quote} you are probably one of the few who knows how to read my confusing charts. The arrow was a typo on my part.

clean charts like your I can read easily....
after following your posts for some time now, I can somewhat figure out what you have in mind.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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