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Trading Made Simple

  • #25,001
  • Sep 13, 2013 3:16am Sep 13, 2013 3:16am
Quoting emmanuel7788
{quote} GBPCAD exercise: For those who have done this exercise and followed the past 2 days, I hope you have learn something. TMS is not effective when market is sideways narrow range and there will TDI crosses which will not produce the pips for want. Now you should have an idea how to identify the market type to trade TMS.
Thanks emmanuel. Very helpful as always.

Axiom
  • #25,002
  • Sep 13, 2013 3:17am Sep 13, 2013 3:17am
Quoting emmanuel7788
{quote} For me it is about Price Action and the TIMING, then consider the TDI
many many thanks bro for reply.i asked to know before LO if tdi crossed (according to Big E)like given img you take your position entry/exit or wait for LO . i f i see any good cross i take my position and closed before Lo (just 10/20)pips bcoz of low participation and low volume .
Say something meaningful or Silence!!
  • #25,003
  • Sep 13, 2013 3:22am Sep 13, 2013 3:22am
Quoting emmanuel7788
{quote} GBPCAD exercise: For those who have done this exercise and followed the past 2 days, I hope you have learn something. TMS is not effective when market is sideways narrow range and there will TDI crosses which will not produce the pips for want. Now you should have an idea how to identify the market type to trade TMS.
Good lesson Emmanuel, notes taken as usual - I / we appreciate your input. These seem like basic things to the more experienced traders who have reached the required level of unconscious competence, I myself am still on this journey, but heading in the right direction I think (still a way to go though). It is helpful to be reminded, so thank you.

UK1
  • #25,004
  • Sep 13, 2013 3:27am Sep 13, 2013 3:27am
Quoting Bangokar
usd/chf this support looks strong, divergence confirm underline trendline, will see if this hour candle will close as pin bar {image}
Bangokar hi, great trading. I have taken notes, I like your charts also. Can you please tell me how you get such a clear view of the apbs as well as candle sticks on your charts. When I overlay my candlesticks on my apbs in MT4 it looks very messy, you seem to have got a very clear setup?
UK1
  • #25,005
  • Sep 13, 2013 6:27am Sep 13, 2013 6:27am
A very quiet London session so far, all the JPY traders not committing themselves, ...perhaps waiting for US data in about one hour.

Anyone took trades today?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,006
  • Sep 13, 2013 6:41am Sep 13, 2013 6:41am
Quoting emmanuel7788
A very quiet London session so far, all the JPY traders not committing themselves, ...perhaps waiting for US data in about one hour. Anyone took trades today?
Watch out for the USD news at 14.30..

I took USD CAD long on the H4. Not really doing much now but I expect it to go up later today. If it passes 1,0380 today I'll stick to half the order over the weekend and close the other half.
  • #25,007
  • Sep 13, 2013 6:50am Sep 13, 2013 6:50am
short AUD 9230
  • #25,008
  • Sep 13, 2013 7:02am Sep 13, 2013 7:02am
Quoting emmanuel7788
{quote} GBPCAD exercise: For those who have done this exercise and followed the past 2 days, I hope you have learn something. TMS is not effective when market is sideways narrow range and there will TDI crosses which will not produce the pips for want. Now you should have an idea how to identify the market type to trade TMS.
.
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  • #25,009
  • Sep 13, 2013 7:06am Sep 13, 2013 7:06am
Quoting emmanuel7788
A very quiet London session so far, all the JPY traders not committing themselves, ...perhaps waiting for US data in about one hour. Anyone took trades today?
Hi emmanuel,
I took a short trade ein EJ yesterday at 22:00 GMT Time. I donīt know why i did this. When i look at the H1 chart its illogical for me because the green TDI is pointing up. But i was looking just at the H4 TF so i thought the green line will go up, touch the red line and retrace. The red line was pointing down. And i think i have read in a post here that when the red line is showing one direction the green tdi line often touches the red line and bounces away. But i am not sure about my last sentence.

Now the market is ranging, so i dont know what to do, should i stay or exit the trade ?

You can also take a look at my two other trades. made about 60 pips in 2 trades.

Best regards,
FX94
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  • #25,010
  • Sep 13, 2013 7:20am Sep 13, 2013 7:20am
GU buy at 1.58207. Now SL set at BE before US news. My last trading in this week. Have a nice weekend.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #25,011
  • Sep 13, 2013 7:24am Sep 13, 2013 7:24am
Quoting emmanuel7788
A very quiet London session so far, all the JPY traders not committing themselves, ...perhaps waiting for US data in about one hour. Anyone took trades today?
Hi Emmanuel,

Entry sell on usdjpy, but wrong, wrong entry!!!!!

Attached Image (click to enlarge)
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i closed trade with -10 pips....

Frank
  • #25,012
  • Sep 13, 2013 8:30am Sep 13, 2013 8:30am
Quoting Fx94
{quote} Hi emmanuel, I took a short trade ein EJ yesterday at 22:00 GMT Time. I donīt know why i did this. When i look at the H1 chart its illogical for me because the green TDI is pointing up. But i was looking just at the H4 TF so i thought the green line will go up, touch the red line and retrace. The red line was pointing down. And i think i have read in a post here that when the red line is showing one direction the green tdi line often touches the red line and bounces away. But i am not sure about my last sentence. Now the market is ranging,...

You need to look at the price candles above and not just the TDI Green and Red....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,013
  • Sep 13, 2013 8:32am Sep 13, 2013 8:32am
Quoting frank_seb
{quote} Hi Emmanuel, Entry sell on usdjpy, but wrong, wrong entry!!!!! {image} i closed trade with -10 pips.... Frank

Why such small SL?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,014
  • Sep 13, 2013 8:35am Sep 13, 2013 8:35am
Quoting heispark
GU buy at 1.58207. Now SL set at BE before US news. My last trading in this week. Have a nice weekend.

Very nice ... CONTINUATION trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,015
  • Sep 13, 2013 8:37am Sep 13, 2013 8:37am
Quoting thomi
{quote} . {image} {image}

Nice, we are in the money ...running up well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,016
  • Sep 13, 2013 8:47am Sep 13, 2013 8:47am
Quoting emmanuel7788
{quote} You need to look at the price candles above and not just the TDI Green and Red....
Thanks for your message. So i see that the last red candle of the big down move is like a pullback / hammer candle so this shows me that the trend direction will change. The small body and the wicks on both ends the the next 4 blue candles show me an indecision in the market.

Are my thoughts good or can you add something ? Please feel free to comment.

Now the price went down and i am +20 pips in my position, so i put my SL to BE + spread.

Best regards,
FX94
  • #25,017
  • Sep 13, 2013 8:50am Sep 13, 2013 8:50am
Quoting emmanuel7788
{quote} Nice, we are in the money ...running up well.
.
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  • #25,018
  • Sep 13, 2013 9:03am Sep 13, 2013 9:03am
Quote
Entry sell on usdjpy, but wrong, wrong entry!!!!!

Well, 10 points is very little to stop loss. Surely will be lick. And then it will be go to right way. The market had to walk back and forth. Author traded without any stops (I ain't calling to repeat it). Stop loss should be not less than 99.85. That's it.
Greed and fear kills traders
  • #25,019
  • Sep 13, 2013 9:08am Sep 13, 2013 9:08am
Guys! Today is Friday the 13th! Beware of trade.
Greed and fear kills traders
  • #25,020
  • Sep 13, 2013 9:16am Sep 13, 2013 9:16am
Quoting Fx94
{quote} Thanks for your message. So i see that the last red candle of the big down move is like a pullback / hammer candle so this shows me that the trend direction will change. The small body and the wicks on both ends the the next 4 blue candles show me an indecision in the market. Are my thoughts good or can you add something ? Please feel free to comment. Now the price went down and i am +20 pips in my position, so i put my SL to BE + spread. Best regards, FX94

I don't see which candle was your entry... and I don't see any sell setup after LO today
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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