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Trading Made Simple

  • #24,201
  • Aug 28, 2013 2:01am Aug 28, 2013 2:01am
over the course of days i have learned much from the top guns. to all the traders trading on h4. remember to go with the trend. dont sway from it. it will whack you. even if it goes in the other direction just wait for it to turn and have patience. it will eventually hit your target. if on h1 then you need to look what the PA does at the moment.

happy pipping....
Come tomorrow, I'll wake up new
  • #24,202
  • Aug 28, 2013 2:49am Aug 28, 2013 2:49am
GBPJPY (1h, confirmation via 4h)

A bounce trade on 1h. Once the doji in 1H is confirmed, I checked via 4H to confirm the direction. TDI shows that this pair has a big potential to move up (below 32 line and the tdi on the way to cross). But as the TDI line is yet to be confirmed, there is always a risk that it will move down.

Then, I calculated the risk and reward ratio. SL at -55 while my TP at 53 which makes it approximately 1:1

TP was set at previous support at 4H. SL was moved to the lowest of previous 4h bars.

As i am typing now, I am up with +30++ pips. Just moved the SL to +4. Will close if the PA changes but I am expecting a retracement testing at around 151.9x-152ish... Once 152.10 (where either 1h or 4h candle closes above this price) is broken, I am targeting 153 for TP1, 153.30 for TP2 and 153.5 for TP3...
Attached Image(s) (click to enlarge)
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  • #24,203
  • Aug 28, 2013 3:02am Aug 28, 2013 3:02am
Quoting FxLapozi
GBPJPY (1h, confirmation via 4h) A bounce trade on 1h. Once the doji in 1H is confirmed, I checked via 4H to confirm the direction. TDI shows that this pair has a big potential to move up (below 32 line and the tdi on the way to cross). But as the TDI line is yet to be confirmed, there is always a risk that it will move down. Then, I calculated the risk and reward ratio. SL at -55 while my TP at 53 which makes it approximately 1:1 TP was set at previous support at 4H. SL was moved to the lowest of previous 4h bars. As i am typing now, I am up with...

Good job man!


It is a WINNER Trade but in Short time not long! with full lot I think!
  • #24,204
  • Aug 28, 2013 4:10am Aug 28, 2013 4:10am
took counter trade on usd/jpy. not aiming for much pips. just gonna test it
Attached Image (click to enlarge)
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Come tomorrow, I'll wake up new
  • #24,205
  • Aug 28, 2013 4:48am Aug 28, 2013 4:48am
Thank Emmanuel778,
I only want it on 1hr timeframe.
basically, what i want is a code that draws :
(1) a box using the open /close of the first candle of the day
(2) one that can also draw a box based on the high and low of the london open candle.

thanks
Enter Signature
  • #24,206
  • Aug 28, 2013 4:53am Aug 28, 2013 4:53am
looks like another non-trading day for EU. its been like that forrrr weeks . what are the fxckers thinking.
  • #24,207
  • Aug 28, 2013 5:02am Aug 28, 2013 5:02am
Quoting tankokjian
looks like another non-trading day for EU. its been like that forrrr weeks . what are the fxckers thinking.
EU seems bearish, but i've a lot o doubts like you!!!
  • #24,208
  • Aug 28, 2013 5:51am Aug 28, 2013 5:51am
Hi emmanuel

All the JPY pairs were showing buy signal at the opening of present H4 candle. However, I decided to wait because of yesterday's huge fall and the daily trend showing down. As expected the JPY pairs are coming down. Am I correct? or anything I missed.

Fx..
  • #24,209
  • Aug 28, 2013 6:08am Aug 28, 2013 6:08am
Quoting Fx-optimus
Hi emmanuel All the JPY pairs were showing buy signal at the opening of present H4 candle. However, I decided to wait because of yesterday's huge fall and the daily trend showing down. As expected the JPY pairs are coming down. Am I correct? or anything I missed. Fx..

At times like this, we should not be just looking at H4 candle and TDI cross. Overall, JPY is still strong so I avoid any countertrend trades until I see a bullish reversal in all pairs. Expect some corrections and maybe consolidation before the next move.

You can get some scalp CT on certain pairs, with small pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,210
  • Aug 28, 2013 6:24am Aug 28, 2013 6:24am
I had my eye on kiwi but am not sure what to make of it now, still look like a short to anyone?
  • #24,211
  • Aug 28, 2013 6:35am Aug 28, 2013 6:35am
EURUSD - Sell entry made at the opening of the H4 candle turned out to be perfect winner. I just followed TDI and HA.

GBPUSD also gave similar signal but I did not enter in it as I find the pair is very moody and can turn back or just stop moving. Very crazy pair it is.

Fx..
Attached Image
  • #24,212
  • Aug 28, 2013 6:47am Aug 28, 2013 6:47am
Nice 4 hour signal now in EJ
Really enjoying this thread, taking a while to read it though.
Thank you all.
  • #24,213
  • Aug 28, 2013 6:59am Aug 28, 2013 6:59am
Quoting Sicarius
I had my eye on kiwi but am not sure what to make of it now, still look like a short to anyone?

How do you intend to get into this one for sell?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,214
  • Aug 28, 2013 7:07am Aug 28, 2013 7:07am
Quoting G.Grillz
{quote} NOISE! dude if u hv something to offer bring ur charts n come with it, otherwise please open ur own thread im wondering a guy like u wid 10 +v should know how to choose when and where to criticize something/someone , i have been in this thread for over 1yr nw , it taught me lots of stuff and there are ppl here who are just here to help , so plz tk ur criticism and open a new thread, im trying my best to be polite ! owner of this method ( RIP) hv given us a system a teenager can make money from. STAY AWAY IF YOU DONT HV SOMETHING POSITIVE...
I did offer you something - in fact, I offered you a lot in my last post. Please review that.

Quoting itsallover
{quote} .... misguided or not we're happy and thats all that matters. Perhaps a little stroll on FF will open your eyes to the many threads that provide the system that suits you. This one suits us.
Doesn't it matter if nobody is making money following the "system"? Or is it the fantasy of making it big that appeals to systems traders so much that they are willing to pay for it with their accounts? I'm not trying to provoke your emotions but to provoke critical thinking here; surely something must be ticking in your mind that something is wrong.
  • #24,215
  • Aug 28, 2013 7:07am Aug 28, 2013 7:07am
Quoting oscar117
Nice 4 hour signal now in EJ Really enjoying this thread, taking a while to read it though. Thank you all.

hello Oscar,

Let's not call them signal but rather as trade setups. You will learn why after some time here in this thread and trading TMS.

My H4 chart does show a good candle pattern

Can you post your chart so I can see what you H4 chart looks like. We may have different broker and different H4 candles.

Thanks

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,216
  • Aug 28, 2013 7:24am Aug 28, 2013 7:24am
Quoting emmanuel7788
{quote} hello Oscar, Let's not call them signal but rather as trade setups. You will learn why after some time here in this thread and trading TMS. My H4 chart does show a good candle pattern Can you post your chart so I can see what you H4 chart looks like. We may have different broker and different H4 candles. Thanks regards, EMMANUEL
Sorry about that.
only use mt 4 to watch trade spread bet platform in UK, best entry was early morning in uk so missed that.
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  • #24,217
  • Aug 28, 2013 7:32am Aug 28, 2013 7:32am
Quoting Kanzler
{quote} I did offer you something - in fact, I offered you a lot in my last post. Please review that. {quote} Doesn't it matter if nobody is making money following the "system"? Or is it the fantasy of making it big that appeals to systems traders so much that they are willing to pay for it with their accounts? I'm not trying to provoke your emotions but to provoke critical thinking here; surely something must be ticking in your mind that something is wrong.
I have no proof that traders are profitable or not using this system. Neither do you.
I do know that I am encouraged, on this thread, to read price action as much as possible, and then use the TDI Indicator as further confirmation to enter a trade. I have seen other threads which rely entirely on indicators .... now those... I'd be worried about.
.... laughing all the way to the bank
  • #24,218
  • Aug 28, 2013 7:33am Aug 28, 2013 7:33am
Quoting oscar117
{quote} Sorry about that. only use mt 4 to watch trade spread bet platform in UK, best entry was early morning in uk so missed that.{image}

Oscar,

No need to be sorry. Nothing done wrong. You took the right step forward and to be an active member here to share and discuss.

As we progress to learn how to trade and to trade TMS, we should cultivate some habits in the way we think.
We do not trade chart signals. We all trade the price what we see on our charts.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,219
  • Aug 28, 2013 7:33am Aug 28, 2013 7:33am
Hi,

Despite choppiness, here is a EU 1H short trade. Simply following the rules: APB body below PAC, all TDI components aligned.
Nothing too complicated, just takes the patience to believe in and follow the rules. Have closed 0.9 lots and let the other 0.1 run with some profit locked.
Here is the chart:
Attached Image (click to enlarge)
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  • #24,220
  • Aug 28, 2013 7:39am Aug 28, 2013 7:39am
Quoting FxLapozi
GBPJPY (1h, confirmation via 4h) A bounce trade on 1h. Once the doji in 1H is confirmed, I checked via 4H to confirm the direction. TDI shows that this pair has a big potential to move up (below 32 line and the tdi on the way to cross). But as the TDI line is yet to be confirmed, there is always a risk that it will move down. Then, I calculated the risk and reward ratio. SL at -55 while my TP at 53 which makes it approximately 1:1 TP was set at previous support at 4H. SL was moved to the lowest of previous 4h bars. As i am typing now, I am up with...

Out with +4. SL hit. Could have close with +30++
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