Trading Made Simple

Well done Bizzzle took it myself at 134.18 on the next 5 min retrace at BE now.

I love low Risk to high Reward its the only way.

Off to bed now lets see how it goes over night...

My stops are at BE now! off to bed.

Thought for the day.

Come on in the water is fine...

sj

It helps if you are really involved...

sj

Hey Snarlyjack, i just entered this trade a little while ago, what is your opinion? I placed it because short term price tried to close below the guppy long term traders but failed, and then price rose up and the TDI crossed as well as red and green line crossed the yellow MBL.

http://imageshack.com/a/img713/2127/z802.pngUploaded with ImageShack.com

Agk007,

I don't trade the eur/gbp, so I don't much about it.

However, if the daily chart looks good, go for it.
Your stop looks good. Roll those dice...see what happens.
Nothing ventured... nothing gained.

sj

SJ, don't mean to butt in on your call, but I personally like to see the guppys not so tight with a bit more of a spread. Ideally with a 30 ema turnover.

What do you think? Just my 2 cents....

Regards,
Cigarguy

I agree Cigarguy,
But their is only 1 way to learn and that's to go for it.

sj

Yes indeed. I have entered so many trades with the short term guppys inside of the long term guppys only to have them reverse. Long term traders not influenced and did not change the trend. Just sharing my style

Regards,
Cigarguy

Don't Forget...

The N/Y session is a big news day now that the
U.S. Gov't is back to work. Could move the
markets...so be careful! Don't trade into the news!

sj

TMS 4H trading:

Using EURGBP H4 as example.

Price action and use of Support and Resistance will give you a high probability trade setup and will get you into the market with less stress. You need to see price action with momentum and increase in the price relative strength which the TDI Green,Red and Yellow will show you.
When both the price trend strength and the TDI trend strength are in synergy or harmony, your trade initial SL will not be threaten... thus less emotional stress and dealing with drawdowns.

Follow TMS 4H basic entry rule: Enrty on APB/HA candle change, only candle 1 and 2. If you chase after the market and enter after candle 3, you are already late and your initial SL is too far away hence bigger R and smaller position size.

Use PA entry with TMS 4H rules, if you want to add more moving averages to TMS 4H trading, then you must read the book title "RSI:the Complete Guide".
Reason is that we are trading the market trend of the moment and catching the rising relative strength of the price volatility. When you have fully understood this, you will know which moving averages will work for you.

I am not against using guppy mmas, so please don't get me wrong based on what I wrote above. I use guppy for EOD stock trading. When trading forex with TMS, you have to use the guppy and see its relationship with the TDI. You must observe the close relationship between the guppy lines and the TDI. There is a little secret there and when you see that yourself, you will have that in your unconcsious competence. Then pulling the trigger and execuion of trade entry and exits will be a lot easier.

There is another 4H entry technique using the later candles ...3,4,5, .... stay tuned.

regards,
EMMANUEL

I wanted to learn from this guy, but he hasent come online since 2011, I wonder if he lost all the money, or if he quit Forex. Once again I hate when people in Forex forums stop coming online =(

It really breaks my heart.

... at the risk of sounding dumb.... could someone please tell us what EOD and LOD stand for?

Emmanuel,

Their are some excellent traders here, thanks to you!
I think with all of our help the tms thread could be
the best thread at ff.

Thanks for helping!

sj

EOD = End Of Day


LOD = ???

Ich habe keine ahnung

Thanx Emmanuel

Bizzle used the the term right here....
http://www.forexfactory.com/attachme...1&d=1382381842

LOD = Low Of Day?

Thankyou Kanderpro