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Trading Made Simple

  • #25,141
  • Sep 16, 2013 6:04pm Sep 16, 2013 6:04pm
Quoting emmanuel7788
GU week 38 16 Sep : 4H short ... double top, bearish piercing candle....
3 x 4H periods later, the TDI cross confirms this trade....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,142
  • Sep 16, 2013 6:14pm Sep 16, 2013 6:14pm
EJ 17 Sep Tokyo local time,

EJ D candle will close in less than 50 mins, it will be a Day Inside Bar of Friday' candle.
So obvious, so beware of trap to catch breakout traders.

Remember, it is the second mouse who will get to the cheese.

Attached Image


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,143
  • Sep 16, 2013 6:28pm Sep 16, 2013 6:28pm
Week 38:

This week I am stalking the Euro vs the commodity currencies AUD, NZD and CAD for long term positions.

Join me if you want trade EURAUD, EURNZD and EURCAD.
Post your charts, we can discuss and share our thoughts behind the technical moves.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,144
  • Sep 16, 2013 9:06pm Sep 16, 2013 9:06pm
Quoting emmanuel7788
{quote} Here is my mobile trading concept. {image} Always on the move....

beautiful....
He who knows when he can fight and when he cannot, will be victorious.
  • #25,145
  • Sep 16, 2013 9:13pm Sep 16, 2013 9:13pm
Quoting emmanuel7788
Week 38: This week I am stalking the Euro vs the commodity currencies AUD, NZD and CAD for long term positions. Join me if you want trade EURAUD, EURNZD and EURCAD. Post your charts, we can discuss and share our thoughts behind the technical moves.

going to buy EUR/AUD @ the close of this candle..
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  • #25,146
  • Sep 16, 2013 9:31pm Sep 16, 2013 9:31pm
Quoting jooshset
{quote} going to buy EUR/AUD @ the close of this candle.. {image}
FYI - There seems to be fairly strong resistance around the 1.4457 level. I attached an image, hopefully I attached it properly
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  • #25,147
  • Sep 16, 2013 10:04pm Sep 16, 2013 10:04pm
I've got some questions here... downloaded some stuff from this thread.... I seem to be a little confused... went back to demo to try it out... could anyone explain it to me

Could anyone explain what the * indicator is or the meaning of the B and S on the chart. Also on the TDI What is the best time to take trade based on the area tot he right where it says weak buy tdi trend strong down? it seems a bit confusing. Am I using to much stuff do I need to simply. I want to be successful but need some direction. Can anyone take a some time and help me a little bit. I feel like I am close but I am missing something.

Please feel free to PM me or just respond to this post. I want to get it.
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  • #25,148
  • Sep 16, 2013 10:09pm Sep 16, 2013 10:09pm
Emmanuel,

Can you recommend a source about Money Management, I think its time to understand this concept, have not got into MM so far because I was still developing many habits in trading , now I think its time to indulge my self into MM, so can you recommend a book , a site or whatever reading there to help

Thank You
I Have Learned to Take Some Losses to Make Profits
  • #25,149
  • Sep 16, 2013 10:24pm Sep 16, 2013 10:24pm
When you say long term, are you talking daily?

Looks to me like there are some rather nice super-long term longs setting up in EURAUD and USDCAD in that timeframe.
  • #25,150
  • Sep 16, 2013 10:26pm Sep 16, 2013 10:26pm
tho im not certain where to move my stoploss, my 1:1 requirement for trailing sl to +1 is met. that H1 trend line might cause trouble tho. still, break-retest of daily TL keeps me hyped about this setup.


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  • #25,151
  • Sep 16, 2013 10:41pm Sep 16, 2013 10:41pm
Time to ride the beast?
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  • #25,152
  • Sep 16, 2013 10:41pm Sep 16, 2013 10:41pm
And there is this AUDUSD trade:

Attached Image (click to enlarge)
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PS: setups usually occur on H4 or D1 and trades are taken on as low as M15 - TL breaks, hi/low breaks, bounces with divergence ect.
  • #25,153
  • Sep 16, 2013 10:48pm Sep 16, 2013 10:48pm
Quoting TheScorpS
Emmanuel, Can you recommend a source about Money Management, I think its time to understand this concept, have not got into MM so far because I was still developing many habits in trading , now I think its time to indulge my self into MM, so can you recommend a book , a site or whatever reading there to help Thank You

if i may, scorp, i stumbled upon this article, which is in a way an answer to another article, both debating who to manage trades. basicly "should we take fixed percentage risks, or fixed amount risks"

http://t.co/bubGMMnS6P
  • #25,154
  • Sep 17, 2013 2:07am Sep 17, 2013 2:07am
Pending buy order at 132.357 on E/J. Stop loss ~17 pips.
  • #25,155
  • Sep 17, 2013 2:10am Sep 17, 2013 2:10am
Quoting emmanuel7788
{quote} http://www.forexfactory.com/attachment.php?attachmentid=1275499&stc=1&thumb=1&d=1379349091 Yes, that is the H4 candle range. Market wont stay within this 82 pips range for too long, it will breakout of this range. The average weekly range of the recent 20 weeks is about 275 pips. The breakout can swing Up and Down, so we need have a Plan A and a Plan B. This should give a good trade potential this week. Weekly may give some hints. Trade Well.

Thanks very much for your help. I am learning all the time here
Please take a last look at this EJ trade i failed and made -15 pips ;(

Question 1: After seeing this double top it would be a good entry to do immediately after the second double bar candle closed. This entry would made about +27 pips, but here comes the clou: What gives me a reasong to exit here ? When i made this trade (you can see my trade on the chart), you can also see i had a very little profit, but the trade went against me and i was stopped out with a negative result. How do i know where i should place my TP?

Question 2: Should i enter long after this pullback candle with long wick ? In this case it would be a good trade, but generously is it good to act in this case by entering long ?

Regards and thanks again !

FX94
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  • #25,156
  • Sep 17, 2013 2:15am Sep 17, 2013 2:15am
Quoting Sicarius
Pending buy order at 132.357 on E/J. Stop loss ~17 pips.
A good M15 entry when LO is when PA shows a price move away from the 50/200 EMA on M15.
This is s good scalping entry technique with small SL of 20pips.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,157
  • Sep 17, 2013 2:21am Sep 17, 2013 2:21am
Quoting verouchi
I've got some questions here... downloaded some stuff from this thread.... I seem to be a little confused... went back to demo to try it out... could anyone explain it to me Could anyone explain what the * indicator is or the meaning of the B and S on the chart. Also on the TDI What is the best time to take trade based on the area tot he right where it says weak buy tdi trend strong down? it seems a bit confusing. Am I using to much stuff do I need to simply. I want to be successful but need some direction. Can anyone take a some time and help me...

When you do not know what those indicators shows you, don't use them.

Just use the TDI_RT, APB or Heiken Ashi_DM and 5EMA Close,Shift +3.

Everything else on your charts will only add to more questions which will not help you in trading TMS.

Just know the TMS Entry and Exist Rules for 4H trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,158
  • Sep 17, 2013 2:25am Sep 17, 2013 2:25am
Quoting emmanuel7788
{quote} A good M15 entry when LO is when PA shows a price move away from the 50/200 EMA on M15. This is s good scalping entry technique with small SL of 20pips.

and how many pips if your profit?
  • #25,159
  • Sep 17, 2013 2:30am Sep 17, 2013 2:30am
Quoting TheScorpS
Emmanuel, Can you recommend a source about Money Management, I think its time to understand this concept, have not got into MM so far because I was still developing many habits in trading , now I think its time to indulge my self into MM, so can you recommend a book , a site or whatever reading there to help Thank You
Most trading books talk about Money Management in general.

Dr Alexander Elder' book title Trading for a Living is a good reference reading for psychology and money management topics.

Also Dr Van Tharp' books.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,160
  • Sep 17, 2013 2:31am Sep 17, 2013 2:31am
hi everyone how are you this morning.
ok, i have a question in mind. BTw i made 20 pips on eur/usd. now why the action has dried out? according to TMS we can enter the second candle. now if i even tried to do that i could have lost. i just wanted to know
Come tomorrow, I'll wake up new
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