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Trading Made Simple

  • #23,941
  • Aug 22, 2013 3:02pm Aug 22, 2013 3:02pm
Quoting Phx62
{quote} Hey Munir Good to see you back again.....Nice trade!!! Keep posting....... I took the same one plus on earlier, during the Asian session, both TMS trades.{image}
Excelente Thk so much that enter was goooooooddddd
  • #23,942
  • Aug 22, 2013 3:44pm Aug 22, 2013 3:44pm
Quoting TheScorpS
Took this trade today , thought market would follow the trend south , PA makes a push down but found support, US new comes negative, AUD found momentum and pushes higher, exit the trade with -25 pips Any body can share your thoughts about my mistakes for the trade I would be very thankful and appreciate your time {image}
Looking at your chart, your NY box is off by one hour. The box needs to move one candle to the left. The open of the long blue exit candle on your trade was the NY open.
Your entry setup was good with a pullback bar and a TDI cross down. Red flags for me would be the TDI green and red hovering around the 50 line and the MBL below the green and red.....and upcoming news releases at NY open. With those cautions, personally had I entered that trade, I would have exited at the first blue candle for a near BE trade, then waited to see what the news was going to do before re-entering.
  • #23,943
  • Aug 22, 2013 4:18pm Aug 22, 2013 4:18pm
Quoting Phx62
{quote} Looking at your chart, your NY box is off by one hour. The box needs to move one candle to the left. The open of the long blue exit candle on your trade was the NY open. Your entry setup was good with a pullback bar and a TDI cross down. Red flags for me would be the TDI green and red hovering around the 50 line and the MBL below the green and red.....and upcoming news releases at NY open. With those cautions, personally had I entered that trade, I would have exited at the first blue candle for a near BE trade, then waited to see what the...

Phx62, thank you for your efforts to teach here in this thread, it is detailed critiques such as this example (red flags would've been) that are really helping me identify AAA+ trades. Thanks again
  • #23,944
  • Aug 22, 2013 4:25pm Aug 22, 2013 4:25pm

Andyvix833

Thanks for your replay, in some cases I see that with this candle formation that if I wait I would actually lose the entry point, I can enter and if PA moves in the planned way that stop can be move to BE

munirpt

Thanks for explanation, I will take it into consideration and hope it click in the subconscious

gasj00

I trade the H1, PASR config? I wanted to give the news a shot and see if I can get some help in my favor

Phx62

Oh good that you notice my NY box is off, actually its now time to adjust it J am very much happy that you view my entry as good but I really lack management, exiting at the first blue candle is a rule that I can test and add it to my trading plan

Thanks everyone that helped, without you I would never improve, these lessons are valuable



I Have Learned to Take Some Losses to Make Profits
  • #23,945
  • Aug 22, 2013 4:52pm Aug 22, 2013 4:52pm
Quoting gsbharaj
i took this trade in the afternoon (one hour after london open) entry rules: 1) the TDI was crossing up. 2) APB candle #1 3) the price was finding resistance 4) strong monthly and weekly support 5) Stochs were in oversold region... {image}
As far as I can see on the chart, you had 2 doji's in a row (indecision) then an inside bar, no strong reversal pattern that would suggest a turn around (yet). As far as the stochs go, look how long they can stay oversold/overbought, it just means a strong trend nothing more than that.
  • #23,946
  • Aug 22, 2013 5:04pm Aug 22, 2013 5:04pm
Quoting munirpt
Hi guys After being several months away from FF, here i am back to the forum. Hope to be able to contribute and share some knowledge. Here is the only trade i took today on EJ {image}
Nice clean charts Munirpt glad to have you on board! Looked like a nice break out play on EJ today, confirmed with tdi cross over
  • #23,947
  • Aug 22, 2013 5:10pm Aug 22, 2013 5:10pm
Good Evening Guys,

I am thinking of making 2-3 beginner videos on TMS.
They would be regarding trading it in the original form Big E laid out. That being said my videos are going to focus on how to spot high probability set ups, this is for new traders and maybe guys struggling to become profitable.

I am a visual learner myself and I would really want to focus on helping guys avoid those c-b set ups and also show how truly easy it is to make pips with the basic method when applied with fundamental pA etc.

I am nothing special regarding trading ability and I don't want any praise or want anyone to think I want to become a spokesmen or have commercial interest, never ever, just a couple quick beginner style videos on the method and how to set up for success.

anyway if that's going to piss anyone off let me know so I won't bother if its frowned upon.

Cheers
  • #23,948
  • Aug 22, 2013 5:37pm Aug 22, 2013 5:37pm
Anyone else think NZDUSD could be changing? Have gone long on my demo account, probably a bit to early as it could be a fake. If I was on live account I would wait for the next 4H candle to confirm. What do you guys reckon?

Sorry won't let me post screenshot but you should be able to see on your own charts.
  • #23,949
  • Aug 22, 2013 5:40pm Aug 22, 2013 5:40pm
Hi Guys,

Thought I’d just post a chart on Eur/Chf 4hour to get some advice from the seniors, as this is the first time I’m trying to stick to a plan and see what potential outcomes there can be. Would appreciate some guidance.



Apologies about the editing of the charts, it never has been my strongest point..



Plan A – PA has a small retracement and bounces off around the 1.23150 mark where there has been some previous support/resistance. Look to position build between 1.23130 - .1.23170 and exit at next 4H swing high when tdi hooks and PA shows resistance.



Plan B – PA breaks through support around the 1.23150 and continues its longer term bearish momentum potentially targeting 1.2280 where PA has shown support previously. Again position build and exit at swing low with PA confirmation.



Plan C – Let the bulls continue taking this north, where I would look for a small entry on a bounce off the TDI market line and bounce green off red.

Thanks
Attached Image (click to enlarge)
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  • #23,950
  • Aug 22, 2013 5:57pm Aug 22, 2013 5:57pm
Quoting Andyvix833
Good Evening Guys, I am thinking of making 2-3 beginner videos on TMS. They would be regarding trading it in the original form Big E laid out. That being said my videos are going to focus on how to spot high probability set ups, this is for new traders and maybe guys struggling to become profitable. I am a visual learner myself and I would really want to focus on helping guys avoid those c-b set ups and also show how truly easy it is to make pips with the basic method when applied with fundamental pA etc. I am nothing special regarding trading ability...
Sounds good to me Andy
  • #23,951
  • Aug 22, 2013 6:11pm Aug 22, 2013 6:11pm
sounds great to me as well Andy

Quoting Andyvix833
Good Evening Guys, I am thinking of making 2-3 beginner videos on TMS. They would be regarding trading it in the original form Big E laid out. That being said my videos are going to focus on how to spot high probability set ups, this is for new traders and maybe guys struggling to become profitable. I am a visual learner myself and I would really want to focus on helping guys avoid those c-b set ups and also show how truly easy it is to make pips with the basic method when applied with fundamental pA etc. I am nothing special regarding trading ability...
  • #23,952
  • Aug 22, 2013 6:27pm Aug 22, 2013 6:27pm
Quoting Andyvix833
Good Evening Guys, I am thinking of making 2-3 beginner videos on TMS. They would be regarding trading it in the original form Big E laid out. That being said my videos are going to focus on how to spot high probability set ups, this is for new traders and maybe guys struggling to become profitable. I am a visual learner myself and I would really want to focus on helping guys avoid those c-b set ups and also show how truly easy it is to make pips with the basic method when applied with fundamental pA etc. I am nothing special regarding trading ability...
Andy - Great idea. I look forward to it just as I look for PHX62 comments.
  • #23,953
  • Aug 22, 2013 7:16pm Aug 22, 2013 7:16pm
Quoting Andyvix833
Good Evening Guys, I am thinking of making 2-3 beginner videos on TMS. They would be regarding trading it in the original form Big E laid out. That being said my videos are going to focus on how to spot high probability set ups, this is for new traders and maybe guys struggling to become profitable. I am a visual learner myself and I would really want to focus on helping guys avoid those c-b set ups and also show how truly easy it is to make pips with the basic method when applied with fundamental pA etc. I am nothing special regarding trading ability...

Andy, I also think it is a great idea, again, hopefully some senior members will comment on it as well. A big thumbs up here!!!
  • #23,954
  • Aug 22, 2013 7:40pm Aug 22, 2013 7:40pm
GU week 34 D1 view and update:

Here is what D1 chart looks like.
TDI cross on D1 hence technically looking good to add positions with banked-in profits. All trades protected with some profits.
Historical S&R in play 1.5570 and 1.5530
Attached Image (click to enlarge)
Click to Enlarge Name: GU week 34 D1 view 23-8-2013 8-36-32 AM.gif Size: 18 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,955
  • Aug 22, 2013 7:48pm Aug 22, 2013 7:48pm
Quoting munirpt
Hi guys After being several months away from FF, here i am back to the forum. Hope to be able to contribute and share some knowledge. Here is the only trade i took today on EJ {image}

Hi munirpt,

Good to see you back and in this TMS thread.

That trade entry is excellent ... a good Price Action type trade, which TDI confirms with bounce.

Here, traders here must learn not to fear even when the TDI is above the 68-level as the Price Action later on continue to show momentum and strength..

regards,
EMMANUEl
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,956
  • Aug 22, 2013 8:01pm Aug 22, 2013 8:01pm
Quoting Andyvix833
Good Evening Guys, I am thinking of making 2-3 beginner videos on TMS. They would be regarding trading it in the original form Big E laid out. That being said my videos are going to focus on how to spot high probability set ups, this is for new traders and maybe guys struggling to become profitable. I am a visual learner myself and I would really want to focus on helping guys avoid those c-b set ups and also show how truly easy it is to make pips with the basic method when applied with fundamental pA etc. I am nothing special regarding trading ability...
Hi Andy,

Good idea...
This will help other visual learners like yourself.
When what you do can help just 5 people, then the 5 people will go on and each one help another 5, the TMS traders group will grow quicker.
Fibonacci series works - 1,2,3,5,8,13,21,34,55, 89,144,.......
TMS series also will work - 1,5,25,125,625, 3125, 15625, 78125, ....
regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,957
  • Aug 22, 2013 8:11pm Aug 22, 2013 8:11pm
Quoting farhad10
{quote} No one to reply?! Post# 23,823

farhad,

What is your purpose in going down to lower timeframe?
If looking at lower timeframe causes you to have too many other considerations before you take a trade decision and create doubts, then do go there.

I also look at lower timeframe chart when I trade.

This pic I posted is exactly what I want people to know what the lower timeframe is doing when we trade H4.

regards,
EMMANUEL
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,958
  • Aug 22, 2013 9:17pm Aug 22, 2013 9:17pm
Quoting Andyvix833
Good Evening Guys, I am thinking of making 2-3 beginner videos on TMS. They would be regarding trading it in the original form Big E laid out. That being said my videos are going to focus on how to spot high probability set ups, this is for new traders and maybe guys struggling to become profitable. I am a visual learner myself and I would really want to focus on helping guys avoid those c-b set ups and also show how truly easy it is to make pips with the basic method when applied with fundamental pA etc. I am nothing special regarding trading ability...
good idea
thk very much
  • #23,959
  • Aug 22, 2013 10:43pm Aug 22, 2013 10:43pm
Quoting Andyvix833
Good Evening Guys, I am thinking of making 2-3 beginner videos on TMS. They would be regarding trading it in the original form Big E laid out. That being said my videos are going to focus on how to spot high probability set ups, this is for new traders and maybe guys struggling to become profitable. I am a visual learner myself and I would really want to focus on helping guys avoid those c-b set ups and also show how truly easy it is to make pips with the basic method when applied with fundamental pA etc. I am nothing special regarding trading ability...
Hi Andyvix833
It will be a commendable effort from you for the benefit of beginners.
We are waiting anxiously to your work.

arasheed
  • #23,960
  • Aug 23, 2013 12:07am Aug 23, 2013 12:07am
emmanuel sir can you tell me how to safeguard myself from false breakouts? i only want to trade 4 hr charts.
Come tomorrow, I'll wake up new
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