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Trading Made Simple

  • #27,021
  • Oct 29, 2013 10:43pm Oct 29, 2013 10:43pm
Hi Digf,

Nice talking with you again!

I have not read any of Daryl Guppy's books. However, I've watched
alot of his videos. If you want a fast start and some interesting learning,
watch the video's on these posts:
26,919
26,922
26,923
27,015
It will take a couple of hours. But it's a great educational series.
I hope you find it interesting & helpful!

sj
  • #27,022
  • Oct 29, 2013 11:19pm Oct 29, 2013 11:19pm
Hi seniors, have been lurking around this forum for quite awhile and this is my first post.. please pardon me for my poor usage of English.

Would really appreciate if any seniors here can point out what went wrong in the 2 trades i took yesterday which resulted in a loss ..

I have followed as per the rules but they have both reversed right after I entered into the position as indicated by the Heiken ashi candle as well as TDI. Is there anything that I am missing ??

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  • #27,023
  • Oct 29, 2013 11:42pm Oct 29, 2013 11:42pm
Thought I'd jump in on this thread, what a wealth of information and great traders! I previously traded LE1's M15 system and found it a fit stressful on the smaller time frame, so Big E's system seems like a better fit.
Still making my way through all the files attached - feels like I've found a gold mine!
Cheers to all the great traders contributing!
Munirpt and Imi - I think I remember seeing you both on LE1s thread, what a long way you both have come!
The more I learn, the more I realise how little I know...
  • #27,024
  • Oct 29, 2013 11:56pm Oct 29, 2013 11:56pm
Quoting snarlyjack
Hello Cyxbertrace, Welcome to tms. I hope you like it. To get up to speed very quickly I would suggest that you watch all the videos on post # 26,919, 26,922 & 26,923. I think they will help you. Welcome, sj
Hi Snarlyjack, thanks for leading TMS to growing everyday
  • #27,025
  • Oct 30, 2013 12:25am Oct 30, 2013 12:25am
Any good ebooks about divergence ? I am seeing people able to spot them easily using the TDI but I on the other hand am having a hard time understanding and spotting it.

If no ebook then it would be wonderful if someone can share an example of how to spot divergence !
Take what the market gives you.
  • #27,026
  • Oct 30, 2013 12:40am Oct 30, 2013 12:40am
Quoting Tiggrrr
Any good ebooks about divergence ? I am seeing people able to spot them easily using the TDI but I on the other hand am having a hard time understanding and spotting it. If no ebook then it would be wonderful if someone can share an example of how to spot divergence !
Pls follow the link for study material of divergence:

http://www.babypips.com/school/high-...eat-sheet.html

Hope This Helps

Good Luck
Failure leads to Success if one learns from mistakes and never give up
  • #27,027
  • Oct 30, 2013 1:01am Oct 30, 2013 1:01am
Quoting jinchu
{quote} Pls follow the link for study material of divergence: http://www.babypips.com/school/high-...eat-sheet.html Hope This Helps Good Luck

GBP/JPY - 1H Chart

Would this be considered as a bullish divergence ?
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Take what the market gives you.
  • #27,028
  • Oct 30, 2013 1:03am Oct 30, 2013 1:03am
Good morning everyone...

It's Frankfurt open. I'am just starting to look at
my charts...going hummmm.

Good luck trading and analyzing those charts...

sj
  • #27,029
  • Oct 30, 2013 1:16am Oct 30, 2013 1:16am
Ok...the next thing is:

Once I glance at the charts. I'll look at the front page
of forex factory and look at the news items. Their is
a whole bunch of news coming out tonight and at
the N/Y open. So be mindful of the news the markets
could get very volatile. Be careful!

sj
  • #27,030
  • Oct 30, 2013 1:38am Oct 30, 2013 1:38am
Quoting Tiggrrr
{quote} GBP/JPY - 1H Chart Would this be considered as a bullish divergence ? {image}
If there are a lot of peaks or troughs in between the points (you have a lot of different swing lows on that chart between points), I would go to a higher timeframe to see if there is divergence on that or the next higher etc. I would not take that as a divergence to count on, I only look at swing low to swing low which are much more reliable.


  • #27,031
  • Oct 30, 2013 2:00am Oct 30, 2013 2:00am
Quoting lastingwell
{quote} If there are a lot of peaks or troughs in between the points (you have a lot of different swing lows on that chart between points), I would go to a higher timeframe to see if there is divergence on that or the next higher etc. I would not take that as a divergence to count on, I only look at swing low to swing low which are much more reliable.
agreed with Lasting Well,
just some additional notes for Tiggrrr:

1. Do not base your trade on Divergence alone as not all divergence will generate good pips,
Trade the confluence of Trend, bounce off S/R, and of course the TDI..... divergence can be a nice additional confirmation for the confluences

2. No matter how perfect the trading set up is, there will always be losses, do not expect 100% win.... it is part of the game....forex trading = probability game. there is always a risk that the trade goes against the signal

Good luck in your trading
Failure leads to Success if one learns from mistakes and never give up
  • #27,032
  • Oct 30, 2013 2:17am Oct 30, 2013 2:17am
Two trade this week + 80. Hoping to warm up TMS.
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  • #27,033
  • Oct 30, 2013 2:20am Oct 30, 2013 2:20am
Quoting snarlyjack
Hi Digf, Nice talking with you again! I have not read any of Daryl Guppy's books. However, I've watched alot of his videos. If you want a fast start and some interesting learning, watch the video's on these posts: 26,919 26,922 26,923 27,015 It will take a couple of hours. But it's a great educational series. I hope you find it interesting & helpful! sj
snarlyjack

It must be about three years since I first looked at TMS but I was only just starting to learn forex and I was jumping around from one thing to another, a habit which I have found hard to break. Thanks for the info about the videos, I will have a look at them sometime today.
  • #27,034
  • Oct 30, 2013 2:27am Oct 30, 2013 2:27am
Quoting jinchu
{quote} Pls follow the link for study material of divergence: http://www.babypips.com/school/high-...eat-sheet.html Hope This Helps Good Luck
One of the best that I've read about divergence, thanks a lot
I Have Learned to Take Some Losses to Make Profits
  • #27,035
  • Oct 30, 2013 2:35am Oct 30, 2013 2:35am
Quoting Pervis
Two trade this week + 80. Hoping to warm up TMS. {image}

I don't understand why you enter in the first trade! Can you tell me what are the reasons please?
  • #27,036
  • Edited 4:41am Oct 30, 2013 2:42am | Edited 4:41am
Eur Jpy Long

Took this trade on similar setup to my GbpUsd short yesterday. Thanks again to Munir who has helped see the markets in this way. Thanks for the vouch Munir.

On 4 hr price is range bound, but making HH/HL since 25 October. Price needs to break high of the 22nd to confirm continuation of uptrend. There are however enough pips to work with in the current range.
On 1 hr, price has retraced to between 38 and 50%. There is resistance turned support.
ABCD if confirmed indicates a possible high of 1.3560. Due to high mentioned above i will look to exit long before that.
Trade taken of 15 min TDI cross. SL of 15 pips, with 1st target also at 15 pips. Will look to take profit on 2nd target around 1:2 RR, but will monitor on 15 min time frame if it gets there.

I see 1st target has just been hit. To move to BE or not to move to BE. That is the question

I have taken profit as per attached 15 min chart, which shows my entry based on the TDI cross as well. Total RR = 1:1.6
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  • #27,037
  • Oct 30, 2013 2:59am Oct 30, 2013 2:59am
Quoting TheScorpS
{quote} One of the best that I've read about divergence, thanks a lot
Anytime,

Glad to be of help
Failure leads to Success if one learns from mistakes and never give up
  • #27,038
  • Oct 30, 2013 3:00am Oct 30, 2013 3:00am
Hello Folks,

Just login to read and answer some PMs and I see many news pages since the last time I was online.

LO is few seconds... will be exciting time ahead.

Better have your stops in place.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,039
  • Oct 30, 2013 3:03am Oct 30, 2013 3:03am
Hi TMS lovers,

Did some of you forgotten this important post?

Don't stray too far away and get lost in this forex jungle. It's a high price to pay.

regards,
EMMANUEL
Attached File(s)
File Type: pdf Important post 261.pdf   213 KB | 1,769 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,040
  • Oct 30, 2013 3:09am Oct 30, 2013 3:09am
Quoting digf
{quote} Hi snarlyjack Having read some of your posts re the GMMA I want to find out a bit more about the Guppy system. Have you read any of Daryl Guppy's books?
Hi Digf, I read most of Guppy's books, probably in the 1990's - even sending off to Dimock's bookshop in Sydney, Australia fr one that was unavailable in the UK. Not all of them are about the multiply moving averages, I think 'Trading the Trend' was which I liked. For a while at the time I had GMMA on my charts. If you want to learn more about using GMMA I think Snarlyjack is quite right to recommend you watch the video's. I don't think you'll get any more from the books than you will from the many videos and the videos are a much easier and quicker learn. I got more from the videos than the books. That's just me though.
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