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Trading Made Simple

  • #24,541
  • Sep 3, 2013 7:38am Sep 3, 2013 7:38am
Quoting gsbharaj
{quote} i plan to use the weekly and the monthly pivot points so that i can swing trade accordingly. i use the pivot points provided in the indicator autopivotindicator_ver5

I suggest you don not add anything and forget about using any pivots on your H4 charts until you have a deep understanding of this TMS 4H trading method.
Look at this post#261 everyday before you look at your trading charts.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,542
  • Sep 3, 2013 7:59am Sep 3, 2013 7:59am
Quoting emmanuel7788
{quote} I suggest you don not add anything and forget about using any pivots on your H4 charts until you have a deep understanding of this TMS 4H trading method. Look at this post#261 everyday before you look at your trading charts. {image}
ok i will not use pivot levels. i will use the S& R from MH and weekly levels.

ok last thing. should i use fib levels?
Come tomorrow, I'll wake up new
  • #24,543
  • Sep 3, 2013 8:02am Sep 3, 2013 8:02am
Quoting gsbharaj
{quote} ok i will not use pivot levels. i will use the S& R from MH and weekly levels. ok last thing. should i use fib levels?
Everything you mention is personal preference.

Everyone knows Emmanuel uses fib levels but it doesn't mean you have too.

Just figure out what works for YOU and stop confusing yourself asking so many questions and trying to many things.
  • #24,544
  • Edited 9:04am Sep 3, 2013 8:27am | Edited 9:04am
Trade Today on Gold : 50 pips
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  • #24,545
  • Sep 3, 2013 8:41am Sep 3, 2013 8:41am
AU looking good to re-test 0.9045 historical resistance....
follow closely to see if it will make this week' high anytime soon...
my TP will be Prev W High.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,546
  • Sep 3, 2013 9:45am Sep 3, 2013 9:45am
Hello Emmanuel

One loss trade today. I think this is a good trade?
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  • #24,547
  • Sep 3, 2013 10:04am Sep 3, 2013 10:04am
Quoting Pervis
Hello Emmanuel One loss trade today. I think this is a good trade? {image}

CT has risks when Weekly was very strong bearish and yesterday also bearish.
There is Historical swing level 1.3667 which I was looking at to see if H4 will show a bullish move but that did not happen and now breaking below.
I see a bearish September month with e range of 450pips down.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,548
  • Sep 3, 2013 10:23am Sep 3, 2013 10:23am
Quoting Arete
{quote} Everything you mention is personal preference. Everyone knows Emmanuel uses fib levels but it doesn't mean you have too. Just figure out what works for YOU and stop confusing yourself asking so many questions and trying to many things.
Yes I use Prev W Fibo for my 4H trading, but what is important is that I look for CONFLUENCE of these fibo levels and weekly OHLC and RNs.
It is important to see how the market reacts at the CONFLUENCE zones and pick the trade setups.

We all know that support and resistance is not one price level but is a zone, hence knowing the historical swing points is good to use.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,549
  • Sep 3, 2013 1:09pm Sep 3, 2013 1:09pm
for planning the big picture in the monthly chart how much back should we go? is it same for all the pairs?
Come tomorrow, I'll wake up new
  • #24,550
  • Sep 3, 2013 1:25pm Sep 3, 2013 1:25pm
Quoting gsbharaj
for planning the big picture in the monthly chart how much back should we go? is it same for all the pairs?
In one of his Big Picture explanations, Emmanuel wrote back to 2008 when the financial crisis first appeared. Those effects are still with us today.
  • #24,551
  • Sep 3, 2013 1:40pm Sep 3, 2013 1:40pm
Quoting Axiom
{quote} In one of his Big Picture explanations, Emmanuel wrote back to 2008 when the financial crisis first appeared. Those effects are still with us today.
thats is what he wrote for eur/usd
Come tomorrow, I'll wake up new
  • #24,552
  • Sep 3, 2013 3:18pm Sep 3, 2013 3:18pm
Quoting munirpt
Trade Today on Gold : 50 pips {image}

Hi,

Could you please provide the indicator for displaying the ADR levels you have displayed on your chart? I couldn't find it
  • #24,553
  • Sep 3, 2013 4:55pm Sep 3, 2013 4:55pm
AU 4 Sep:

NY closed after a quiet session after London closed buying stopped. Now Sydney opens and we see two consecutive D1 bullish candles.

H4 closed above 0.9045, and the next historical swing level is 0.9175 ... that is much farther up, hence unlikely Au will make it there.
Next reaction levels is BRN 0.9100 and favourite 0.9145

With GDP data release today, it will be another volatile day.

Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,554
  • Sep 3, 2013 4:59pm Sep 3, 2013 4:59pm
Quoting gsbharaj
{quote} thats is what he wrote for eur/usd

BTW, you should know that post#261 apply to all currency pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,555
  • Sep 3, 2013 6:34pm Sep 3, 2013 6:34pm
Quoting nvied
{quote} Hi, Could you please provide the indicator for displaying the ADR levels you have displayed on your chart? I couldn't find it

that ADR indicator is named !SM ADR Marker

it is found in post#14,439

That indicator looks nice on charts, ...

Do you know what the indicator does and what it is used for?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,556
  • Sep 3, 2013 6:45pm Sep 3, 2013 6:45pm
Attached Image


When Aso-san wakes up, JPY pairs will move again.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,557
  • Sep 3, 2013 6:50pm Sep 3, 2013 6:50pm
Quoting emmanuel7788
{quote} that ADR indicator is named !SM ADR Marker it is found in post#14,439 That indicator looks nice on charts, ... Do you know what the indicator does and what it is used for?
I have no idea, but I know that if you know the name of what you are looking for, with a bit of detective work you can find anything that has been previously posted to this thread........ which by now is pretty much everything you will ever need to trade anything, any method

Heads up for new joiners to TMS and / or FF, just find the "paperclip" icon

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #24,558
  • Sep 3, 2013 7:12pm Sep 3, 2013 7:12pm
When I started with TMS, I did it the hard way.
I read from post#1 and slowly made my way to the most current post.
And now I still go back and read some of the old post where i made my own bookmarks.

For new members starting with TMS, you can do it the hard way like I had done. It will help you grow the roots you will need.
And you can also do it the smart way in looking up the sequence and categories of the posts and attachments in this thread.

When you want to look for attachments, you can use the paper clip and mentioned. You can sort them using the columns title.
Let your fingers and mouse do the work.

Attached Image (click to enlarge)
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regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,559
  • Sep 3, 2013 10:01pm Sep 3, 2013 10:01pm
Quoting emmanuel7788
AU 4 Sep: NY closed after a quiet session after London closed buying stopped. Now Sydney opens and we see two consecutive D1 bullish candles. H4 closed above 0.9045, and the next historical swing level is 0.9175 ... that is much farther up, hence unlikely Au will make it there. Next reaction levels is BRN 0.9100 and favourite 0.9145 With GDP data release today, it will be another volatile day. Good Trading.

nice! hitting 0.9100 QED.
next we wait and see how market will react at this BRN level.
0.9145 still in sight and will be the next reaction level,
... but there will be 'sellers' @0.9120 and if they overrun the current buyers, then we may have to exit.
Daily ADR already exceeded.
weekly remains wide ranging.
60% of weekly average range already reached this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,560
  • Sep 3, 2013 10:17pm Sep 3, 2013 10:17pm
Quoting emmanuel7788
{quote} that ADR indicator is named !SM ADR Marker it is found in post#14,439 That indicator looks nice on charts, ... Do you know what the indicator does and what it is used for?

Thanks emmanuel! From what i've understood, It's show you the ranges in which the price can vary roughly..
I read up to about 200 pages than kind of jumped to the latest
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