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Trading Made Simple

  • #25,601
  • Sep 28, 2013 7:52am Sep 28, 2013 7:52am
Quoting gsbharaj
this strategy is not bad at all. but the thing is i have always entered on false signal. thanks heispark for the link to the forum. i just need more confirmation. i have updated my strategy and added TMS which can show the crossovers on all the hours. i backtested it and it seems to be useful. lets see. well the same strategy that works for someone doesn't need to work for the other. so, i am just making a strategy which can be according to my needs. happy piping folks.
You enter on false signals because you focus on the signal, and disregard the bigger picture - price structure. Every system on forexfactory has a strict set of rules, put together as a "trigger" to enter a trade. There isn't a system that can analyse the market conditions for you, except for using your own eyes and brain and focusing on price structure. History repeats itself, market participants start to disagree on the price of a given good - they either feel it's too expensive or too cheap. Either way, they start selling or buying, which creates in turn a trend. Then, at some point there is agreement on the current level that price has reached, and price consolidates at that level for some time (pa moves sideways)... But then, at some point there's disagreement on price once again: a breakout occurs. I'm putting this in a very blunt way, I could go in much more detail, but you need to do your own research until it makes sense to you.

That's one of the many things you need to know if you want to be a trend trader. What TMS is teaching you, is to find the most perfect entry possible while staying stress-free. We look at a couple of setups that tend to occur quite often, if you look closely most times you're just trading a breakout... You can't know where PA will head next, there is no way of predicting future PA (and I say this while knowing fully well almost everyone here trades using ABCD, 123 patterns and such). What you can be confident about, is that when you have a structure that ressembles that of a consolidation, taking a trade at the break of the previous highs or lows can and most times will yield profit.

regards.
  • #25,602
  • Sep 28, 2013 8:00am Sep 28, 2013 8:00am
Quoting emmanuel7788
{quote} Follow the Price trend and also the TDI trend ... until the TDI reaches to the 32-level and see if the is support which would be the better exit ..for swing trading.
Thanks Emmanuel, large round numbers shake me up a bit.
  • #25,603
  • Sep 28, 2013 12:48pm Sep 28, 2013 12:48pm
Quoting Erol
Hi all, For those trying to get their heads around the Master Candle (MC) please see below, which should help a little. This was taken from an ebook I have on MCs: {image} {image} {image} Hope everyone's having a good week. Erol
Hi Erol

Is this Master Candle part of a book about candlestick, am asking because I want to read a book about Japanese Candlestick

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #25,604
  • Edited 2:24pm Sep 28, 2013 1:54pm | Edited 2:24pm
Quoting TheScorpS
{quote} Hi Erol Is this Master Candle part of a book about candlestick, am asking because I want to read a book about Japanese Candlestick Thanks

TheScorpS;


Read this post
We can say that MC is similar to a method but is related to Japanese Candlestick

 

  1. Post# 25,597

  • #25,605
  • Sep 28, 2013 10:03pm Sep 28, 2013 10:03pm
Quoting farhad10
{quote} TheScorpS; Read this post We can say that MC is similar to a method but is related to Japanese Candlestick Post# 25,597
Thanks for the ebook, much appreciate it, good read about MC and the most important part is to understand it in real time
I Have Learned to Take Some Losses to Make Profits
  • #25,606
  • Sep 29, 2013 3:32am Sep 29, 2013 3:32am
Quoting farhad10
An Excellent E-Book about Master Candle ( MC ) ! Hope to be useful ; {image}


thenx for the book
thankyou gregwilson
  • #25,607
  • Sep 29, 2013 5:40am Sep 29, 2013 5:40am
Quoting farhad10
{quote} TheScorpS; Read this post We can say that MC is similar to a method but is related to Japanese Candlestick Post# 25,597
thanks farhad for the book
  • #25,608
  • Sep 29, 2013 7:54am Sep 29, 2013 7:54am
Hello to all my dear friends


If I have time this week I'll put some live trades using MC with confirmation of TDI ! and also tell u how PA can help us in understanding Trends and how switching between H4 and H1 can help to have a good trade!


Regards
  • #25,609
  • Edited 9:16am Sep 29, 2013 9:06am | Edited 9:16am
Quoting farhad10
Hello to all my dear friends If I have time this week I'll put some live trades using MC with confirmation of TDI ! and also tell u how PA can help us in understanding Trends and how switching between H4 and H1 can help to have a good trade! Regards

Excellent idea ... I LIKE.

Do not forget other CSP too, not to be distracted by just looking for MC next week.

Other CSP = BEEB, BUEB are also good momentum CS to join in the market.

Not forgetting that we have only one trading day left for the month of September, then a new MN candle starts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,610
  • Sep 29, 2013 11:44am Sep 29, 2013 11:44am
please;someone let me know what is" tdi' ,sorry but ,sometimes you guys have to put legend of the inicial of what you what talking about.
  • #25,611
  • Sep 29, 2013 11:53am Sep 29, 2013 11:53am
Quoting farhad10
hello to all my dear friends if i have time this week i'll put some live trades using mc with confirmation of tdi ! And also tell u how pa can help us in understanding trends and how switching between h4 and h1 can help to have a good trade! Regards
also;please;tell me how to get "tdi" on mt4?but regardelee,i wil be wathing for you new post
  • #25,612
  • Sep 29, 2013 1:13pm Sep 29, 2013 1:13pm
Hi,
Can you take a look at my big picture for E/J please. Please feel free to comment my picture.

Best regards and a great week to all,

FX94
Attached Image (click to enlarge)
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  • #25,613
  • Sep 29, 2013 4:47pm Sep 29, 2013 4:47pm
UCHF Long

Attached Image (click to enlarge)
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Potential Setup of Continue Bull Trend from last Friday Market Ending
Trading is something special.
  • #25,614
  • Sep 29, 2013 5:14pm Sep 29, 2013 5:14pm
Quoting Phx62
Eight trades this week on EJ H1 with some nice price action.{image}

@Phx62:
Thanks for your explanations.Very helpful indeed.
What I may have noticed from your Charts:
By now I have never seen a Trade taken by you in the Overlapping time from London to New York.
Is that right that you ignore signals at this time ?
Thanks for any info regarding this.
Greeds Zack
  • #25,615
  • Sep 29, 2013 5:39pm Sep 29, 2013 5:39pm
AU week 39 trade update:

Here is a quick update of the AU trade taken last week.

I held this trade over the weekend as I had one position protected at BE. The other position I took profit +30pips as posted earlier.

We shall see how today will close as the MN candle but the breakout out of the D1 master candle is a positive sign to hold on to this trade. We may see a D trend reversal to the downside but it is still too early and that may take a few more days to confirm if there would be a bearish reversal.

Attached Image (click to enlarge)
Click to Enlarge Name: AU week 39 trade update 30-9-2013 6-25-21 AM.png Size: 26 KB


Trade Well folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,616
  • Sep 29, 2013 5:42pm Sep 29, 2013 5:42pm
Quoting baokydev
UCHF Long {image} Potential Setup of Continue Bull Trend from last Friday Market Ending

Taking a look at the higher timeframe Weekly, Daily and H4 will help in deciding the longer term trend direction.
A bullish reversal for UChf will come but not before a __________________?

PATIENCE
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,617
  • Sep 29, 2013 5:47pm Sep 29, 2013 5:47pm
Quoting zackery
{quote} @Phx62: Thanks for your explanations.Very helpful indeed. What I may have noticed from your Charts: By now I have never seen a Trade taken by you in the Overlapping time from London to New York. Is that right that you ignore signals at this time ? Thanks for any info regarding this. Greeds Zack
1. My primary trade times are the first 3 hours of the London session.
2. Sometimes I will also continue on with trades entered earlier, thru the end of the London session.
3. I sometimes take scalp trades during the Asian session.
4. I do not like to trade during news in the NY session. Sometimes I will trade after news if I have a confirmed direction.
  • #25,618
  • Edited 7:39pm Sep 29, 2013 6:06pm | Edited 7:39pm
Quoting Fx94
Hi, Can you take a look at my big picture for E/J please. Please feel free to comment my picture. Best regards and a great week to all, FX94 {image}
Fx94,

For practice,
go to Monthly chart and zoom out to see the history all the way back to 2008.
Do you see we are now trading in the wide range sideways like in 2009.
There are no MN swing levels in 2010, 2011 and 2012 we can play with.
We can count on the support of Jan, Feb, Mar and April of 2010 when EJ retraces down further, but I have doubt it will go that far down. The three men from Japan won't let that happen in the last quarter of this year.
I am prepared for a choppy weeks ahead but more to the Upside and hitting the high of 2009.
We can count on TMS to lead the way in our trading.

And to keep things simple for 4H trading, just use the 50 and 200 EMAs and dynamic support and resistance, and also the RN 00,25,50 and 75 levels. Look for consolidation then trade the breakouts. Use money management strategy to win and win big.

Trade Well.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ MN view.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,619
  • Edited 11:41pm Sep 29, 2013 7:43pm | Edited 11:41pm
Quoting brandy711
please;someone let me know what is" tdi' ,sorry but ,sometimes you guys have to put legend of the inicial of what you what talking about.
brandy711

To know what the TDI is, please read post#1.

When you have specific questions, for example what the acronyms we use here in this thread, please ask specifically each one as you come across them.

If you do not use MT4 as trading platform, you can tell us which trading platform you trade with. There are many helpful members here who will be here to help you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #25,620
  • Sep 30, 2013 12:45am Sep 30, 2013 12:45am
hi traders its another week,taken this trades on simply tdi cross on 4h
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraudh429th.png Size: 29 KB
Click to Enlarge Name: audusdh430th.png Size: 30 KB
Click to Enlarge Name: audchf.png Size: 47 KB
thankyou gregwilson
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