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Trading Made Simple

  • #25,261
  • Sep 18, 2013 6:44pm Sep 18, 2013 6:44pm
Quoting alasdeaguila
{quote} thanks! you right you can make 10k to 20 in fews minutes if we are right in the trade but we can lost too, what to avoid ALL high impact NEWS or same of them? but about medium impact news? Hector DeVille says no trade 2 hours before the news and 30 minutes after, that is the way to go? I am demo for 7 months

what Hector DeVille said is true for day traders.

We are all technical traders trading TMS as our method. We all trade with a proven money management strategy and know how to manage risks seen on our charts. Every trade carries some risks whether it is close to news time or not.
Our objective is the Preservation of trading capital which must be our top priority.
Learn and know when to take some risks and when to stand aside when trading this very ruthless market.

Every risk taken is limited to one R.
When you lose, you will lose one R.
And when you see there is potential and opportunity to make 3Rs to 5Rs, that would be an easy decision to make as investors.
Our job as the trader is to execute the trades.

Do Not trade the news. Focus in how to trade the market.

There are 10 skill sets you need to have when you want to become an accomplished TMS trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,262
  • Sep 18, 2013 6:55pm Sep 18, 2013 6:55pm
Quoting farhad10
hello to all Today I install win 7 64 bit on my system and then install mt4. But now when I load" #1 best 5 ma tdi ", there is a problem! Look at the pic, how can i solve this problem? {image}
farhad10,

Not sure what your PC problem is. I run 64-bit system and no problem.

Maybe you should just load up a normal chart without any indicator, do not apply any template ...just a plain price chart and see if that shows up on your PC.

When you can see the price chart, then MT4 is running.
Next load the TDI and see if that shows up correctly.

Repeat for others, then when you are satisfied with your own chart setup, save that as a template.

Apply that saved template on other currency pair you want.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,263
  • Sep 18, 2013 7:17pm Sep 18, 2013 7:17pm
Quoting Axiom
{quote} Hi Emmanuel That is NR4IB (Narrow Range 4 Inside Bar) If MB is no. 1, then the next three candles are no's 2,3, and 4. Candle 4 has the smallest range. (I used your image for illustration) The pattern indicates market consolidation and high chance of a change in direction, especially when near to S & R. (This comes from your lesson posted on 27 March 2013.) Axiom {image}
Axiom,

That's a very good overall answer.
On top of that, you spotted that NR4IB which is a good CS pattern to trade.
Look at that chart again, many traders saw that weekend gap, would trade believing that the gap would be filled. So we have many sellers when week open. Once it get closer to the gap level, the is no more selling interest and market in contraction supported by Prev W High.
This we see the Master Candle MC and this engulf several small candles.
That chart show that market will pop at some time while it is being compressed for too long.
The longer term traders leads the market, and the HTF chart gave the hint of the higher probability where the buyers and sellers support are.

As technical traders, we look for support and resistance where the price contraction or CONSOLIDATION occurs.
Most breakout traders would take the first sign of a breakout candle. That's safer way to do it.
But, some high skilled traders will take an entry in lower TF, while PA is still inside the MC. And scale-in positions when the breakout is confirmed by...???.

TMS + PA works great under such conditions and that is why I say we must have a Plan A and then a Plan B all the time.
We want to make money, we must be in the market all the time.
It is all about Entries and Exits.


regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,264
  • Sep 18, 2013 7:29pm Sep 18, 2013 7:29pm
Quoting ogunx
Hello dear TMS traders I have been following this thread since last July it took me 3 months to read all the posts now I am following it daily I have been passive just reading your posts. Believe it or not TMS system gave me a huge confidence in my decision to drop my corporate career to become a full time trader a month ago it was a great timing for me as a life path as well, I have been trading quite a long time but it was more like hobby such as numbers game. Now I am trading 4 times a week 7am est to 2pm est and sometimes 10pm est to 2am est...
Hello ogunx,

First WELCOME to this TMS trading family ... and Congratulations for taking the big leap into becoming a full time trader.
Look forward to more of your posts and sharing here.

My best wishes to you and great success in this new journey.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,265
  • Sep 18, 2013 7:35pm Sep 18, 2013 7:35pm
Quoting emmanuel7788
{quote} Hello ogunx, First WELCOME to this TMS trading family ... and Congratulations for taking the big leap into becoming a full time trader. Look forward to more of your posts and sharing here. My best wishes to you and great success in this new journey. regards, EMMANUEL
Thanks for your warm welcome and enjoy reading your reply`s to other people as always
Nothing is True Everything is Permitted
  • #25,266
  • Sep 18, 2013 7:49pm Sep 18, 2013 7:49pm
EJ 19 Sep:

We saw how FOMC changed the market scene few hours ago.
Our EJ sell got stopped out.

Despite the high volatility in other USD pairs, EJ move was less significant.
We saw a typical TMS 4H setup before Tokyo open today. This looks like a breakout of last Friday' high and also the MC seen on Day chart.
So today is buy only... and buy on dip. Target 133.35

Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 38 19 Sep 19-9-2013 8-39-27 AM.png Size: 29 KB


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,267
  • Sep 18, 2013 11:24pm Sep 18, 2013 11:24pm
Very quiet in this thread.
Looks like very few people trade the Asian session.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,268
  • Sep 19, 2013 1:40am Sep 19, 2013 1:40am
Emmanuel

I want to learn from you.

András
  • #25,269
  • Sep 19, 2013 2:16am Sep 19, 2013 2:16am
Quoting emmanuel7788
EJ 19 Sep: We saw how FOMC changed the market scene few hours ago. Our EJ sell got stopped out. Despite the high volatility in other USD pairs, EJ move was less significant. We saw a typical TMS 4H setup before Tokyo open today. This looks like a breakout of last Friday' high and also the MC seen on Day chart. So today is buy only... and buy on dip. Target 133.35 {image} Trade Well.
i closed eur/gbp and eur/jpy, so i did well. but usd/jpy i sould take full profit and i didnt. channel worked well
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-proh1.png Size: 62 KB
  • #25,270
  • Sep 19, 2013 2:20am Sep 19, 2013 2:20am
Quoting Bangokar
usd / jpy sold {image}

great channel
  • #25,271
  • Sep 19, 2013 2:31am Sep 19, 2013 2:31am
Quoting emmanuel7788
EJ 19 Sep: We saw how FOMC changed the market scene few hours ago. Our EJ sell got stopped out. Despite the high volatility in other USD pairs, EJ move was less significant. We saw a typical TMS 4H setup before Tokyo open today. This looks like a breakout of last Friday' high and also the MC seen on Day chart. So today is buy only... and buy on dip. Target 133.35 {image} Trade Well.
open long @ close of 4hr candle..
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 69 KB
  • #25,272
  • Sep 19, 2013 2:38am Sep 19, 2013 2:38am
Quoting emmanuel7788
EJ 19 Sep: We saw how FOMC changed the market scene few hours ago. Our EJ sell got stopped out. Despite the high volatility in other USD pairs, EJ move was less significant. We saw a typical TMS 4H setup before Tokyo open today. This looks like a breakout of last Friday' high and also the MC seen on Day chart. So today is buy only... and buy on dip. Target 133.35 {image} Trade Well.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 38 19 Sep 19-9-2013 8-39-27 AM.png Size: 29 KB


target hit ...

Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 38 19 Sep 4H 19-9-2013 3-20-07 PM.png Size: 21 KB


no more trading this pair today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,273
  • Sep 19, 2013 2:40am Sep 19, 2013 2:40am
Quoting jooshset
{quote} open long @ close of 4hr candle.. {image}

you are latecomer, nevertheless, strong momentum and follow through .

Nice!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,274
  • Sep 19, 2013 2:44am Sep 19, 2013 2:44am
Quoting emmanuel7788
{quote} you are latecomer, nevertheless, strong momentum and follow through . Nice!
yes, I'm latecomer .... still waiting until TSL and MBL confirm to go long..

but I'll try to close this position until the TDI flat.. (need a practicing on emotional trading - not to close the position until the price says so.. )
wish me luck..
  • #25,275
  • Sep 19, 2013 2:54am Sep 19, 2013 2:54am
Quoting jooshset
{quote} yes, I'm latecomer .... still waiting until TSL and MBL confirm to go long.. but I'll try to close this position until the TDI flat.. (need a practicing on emotional trading - not to close the position until the price says so.. ) wish me luck..
If TDI to go flat after this strong candle, the price would have pullback at least half of this current candle....~45pips????
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,276
  • Sep 19, 2013 3:04am Sep 19, 2013 3:04am
Quoting emmanuel7788
{quote} If TDI to go flat after this strong candle, the price would have pullback at least half of this current candle....~45pips????
really tempting me to close the position...
what should I do ?
I want to close this position, at least after the candle close..
am I greedy ??
  • #25,277
  • Sep 19, 2013 3:30am Sep 19, 2013 3:30am
Quoting jooshset
{quote} really tempting me to close the position... what should I do ? I want to close this position, at least after the candle close.. am I greedy ??
I would follow my exit strategy consistently.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,278
  • Sep 19, 2013 3:37am Sep 19, 2013 3:37am
Quoting jooshset
{quote} really tempting me to close the position... what should I do ? I want to close this position, at least after the candle close.. am I greedy ??
so I set TP 100 pips and it hit..
I think it enough for me.. I'm the latecomer anyway.. maybe I'm just lucky
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 68 KB
  • #25,279
  • Sep 19, 2013 4:00am Sep 19, 2013 4:00am
Quoting jooshset
{quote} so I set TP 100 pips and it hit.. I think it enough for me.. I'm the latecomer anyway.. maybe I'm just lucky {image}
well, looking back to your entry decision, it was late.
You missed the APB#2 close and you entered on candle#3 close. But market was trending and with a Day IB breakout momentum. That is no luck, just pure PA and TIMING.

Your TP hit 100pips and your Daily Ave show 95pips, right?
And with a R:R 1:1 minimum, you should be happy with a good trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,280
  • Sep 19, 2013 4:11am Sep 19, 2013 4:11am
Quoting emmanuel7788
{quote} well, looking back to your entry decision, it was late. You missed the APB#2 close and you entered on candle#3 close. But market was trending and with a Day IB breakout momentum. That is no luck, just pure PA and TIMING. Your TP hit 100pips and your Daily Ave show 95pips, right? And with a R:R 1:1 minimum, you should be happy with a good trade.

you are right..
I should learn more about ADR ....
yes I'm happy with the result ..

thanks emmanuel..

regards
Yos
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