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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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  • #27,621
  • Nov 19, 2013 2:01am Nov 19, 2013 2:01am
Quoting thrax
{quote} Hi, I closed half of both trades approaching weekend and set the trades to BE. I missed the most beautiful setup this week on EURJPY but next week there will be some new chances. take care, thrax {image} {image}
Hi,

the USDCHF trades closed with some profit.

The EURUSD trade still running, with profit secured by SL.

Take care,
thrax
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSD_H4_strategy name_20131119025508.gif Size: 30 KB
  • #27,622
  • Nov 19, 2013 2:12am Nov 19, 2013 2:12am
Good to know im on the spot phx

Hey guys, for tonight what are your thoughts on the eur.jpy.h1?
For this chart I see a Master Candle(blue box) engulfing three candles frankfurt and currently london. If it breaks out, I would be tempted to enter. However, I also remember that London Hi low needs to be set. Looking at other indicators I see that entering on the breakout of MC alone is insufficient reason. The tdi has not crossed, let alone above the MBL. There has also been a succession of blue candles.

any advice appreciated
edit* upon typing this out, I have entered a trade to see if the breakout of MC at london open will be enough to reach tp( set at resistance near 135.33)
Attached Image (click to enlarge)
Click to Enlarge Name: nov 19 eur.jpy.h1 analysis.png Size: 62 KB
  • #27,623
  • Edited 2:38am Nov 19, 2013 2:26am | Edited 2:38am
currently a pullback if forming and I have exited my long at BE. I see a potential short tonight with pullback formed at (london daily high). Tdi might retrace from MBL. The mini bullish move during asian coming to an end. Waiting for a cross or break of pullback low to confirm.

Any advice appreciated

edit* price has broke past. Not at my ideal time. Wouldve liked a pullback candle. Short has been triggered at .86 TP target at Daily low/bottom formed during asian session. Sl 15 pips
  • #27,624
  • Nov 19, 2013 2:41am Nov 19, 2013 2:41am
Quoting tenmilewalk
Good to know im on the spot phx Hey guys, for tonight what are your thoughts on the eur.jpy.h1? For this chart I see a Master Candle(blue box) engulfing three candles frankfurt and currently london. If it breaks out, I would be tempted to enter. However, I also remember that London Hi low needs to be set. Looking at other indicators I see that entering on the breakout of MC alone is insufficient reason. The tdi has not crossed, let alone above the MBL. There has also been a succession of blue candles. any advice appreciated edit* upon typing this...

yesterday was a bearish D candle.
the H1 move can be a Fib38/50 type of entry for sell.
the historical S&R in play this week, and we need to see how deep the retracement will be.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,625
  • Nov 19, 2013 2:47am Nov 19, 2013 2:47am
Quoting emmanuel7788
{quote} yesterday was a bearish D candle. the H1 move can be a Fib38/50 type of entry for sell. the historical S&R in play this week, and we need to see how deep the retracement will be.
Hello emmanuel.

I have decided to set my trade at BE. The movement of the candle is not something that I can read price action off of. Instead of Hoping it will go my way, I will leave my trade and see what happens tonight and remember whena similar situation occurs again
  • #27,626
  • Nov 19, 2013 3:40am Nov 19, 2013 3:40am
Quoting manoj_3986
{quote} Thank you very much for your valuable inputs. This will help me to chose high probability setups now onwards.

Hi manoj,

That recent S&R is holding well. We need a stimulus for sellers to jump in to break this 134.75.

.... ZEW in few minutes.

Attached Image (click to enlarge)
Click to Enlarge Name: manoj post EJ H4.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,627
  • Edited 4:22am Nov 19, 2013 3:46am | Edited 4:22am
Quoting emmanuel7788
{quote} Hi manoj, That recent S&R is holding well. We need a stimulus for sellers to jump in to break this 134.75. .... ZEW in few minutes. {image}
Yes still holding this level strongly even after ZEW !

Do you close the trade in early US open as suggested by Big E?

If no then what TP should be kept for this current trade. I have currently kept 133.730 as TP based on ADR pro calculator. I have also kept ea with jumping stop loss of 30pips.

Please give your suggestions.
  • #27,628
  • Nov 19, 2013 4:59am Nov 19, 2013 4:59am
Hi eelfranz and all,

I am really new to trading and just came across this thread few days ago.
I really like the idea of eelfranz to place trade and go to bed then close them when wake up.
I am testing in demo account and it come out good. But I wonder at what value to set SL and TP level.
Any suggestion?

Best Regards,
Sethy
  • #27,629
  • Nov 19, 2013 6:29am Nov 19, 2013 6:29am
Quoting manoj_3986
{quote} Yes still holding this level strongly even after ZEW ! Do you close the trade in early US open as suggested by Big E? If no then what TP should be kept for this current trade. I have currently kept 133.730 as TP based on ADR pro calculator. I have also kept ea with jumping stop loss of 30pips. Please give your suggestions.
Hi Manoj,

This is a retracement trade - retracement of last week low -high.

Right now, facing NY open in abut 40mins and not looking the best.

My first TP planned is 134.37 region and final TP 133.30 ca. 60% of the weekly range.

I set my JSL set to 40pips.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #27,630
  • Nov 19, 2013 6:35am Nov 19, 2013 6:35am
Hello all, i made a trade with NZD/JPY last night, though it was quite slow moving, so i will exit since i cannot manage my trade at work. MBL was near 32 level, and green and red crossed over mbl, along with PA showing the bulls. Exited with +22 pips. I hate when i cannot manage my trade during regular work hours. Would you consider this a good TMS trade?

http://imageshack.com/a/img31/841/vy99.png
  • #27,631
  • Nov 19, 2013 8:39am Nov 19, 2013 8:39am
Quoting emmanuel7788
{quote} Hi Manoj, This is a retracement trade - retracement of last week low -high. Right now, facing NY open in abut 40mins and not looking the best. My first TP planned is 134.37 region and final TP 133.30 ca. 60% of the weekly range. I set my JSL set to 40pips. regards, EMMANUEL

My SL hit@ 135.20. Now thinking to focus on AUDUSD,EURUSD and GBPUSD pair to build confidence. Tomorrow, there is red event for gbp and hope to get good trade setup at 3.30 Pm(GMT+5.30)(4h candle close) after gdp and inflation report.
  • #27,632
  • Nov 19, 2013 9:14am Nov 19, 2013 9:14am
Quoting sk8buc
Hello, what is the pacific time that eelfranz was reffering in the first post? Is it GMT -7 or GMT -5?
I think you'll find it's -8 hours from UTC, I was trying to work it out the other day.
'course, I might be wrong, my maths is awful.



Actually, if you follow a link back to Big E's profile it shows you there what the difference is to your time as set in FF.
I just thought of that, 'didn't need maths at all.
Don't ask me, I have no idea what's going on.
  • #27,633
  • Nov 19, 2013 9:59am Nov 19, 2013 9:59am
Quoting Phx62
{quote} Nice trade, Imi
Thank you, and thank you for the vouch , I am honoured.
You are a true gem here, I benefited so much from your trading charts and clean
logical view of the market, thank you for your generosity.
If you're going through hell, keep going. Winston Churchill
  • #27,634
  • Nov 19, 2013 10:18am Nov 19, 2013 10:18am
One ej trade in US session, H1 showed a nice upcross and recross close to
MBL, price seemed to find support at previous day low,
NY open candle run away quickly and was over 30 pips in size.
After it closed I waited for price to come back to RN 135 to get a better entry (ej loves RN's, btw)
I moved down to M5 and waited and finally entered and of course after my entry price went down exactly to 135.
I closed the trade manually for 33 pips close to 135.50 at previous month high
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2013-11-19_10-31-04ejM5.png Size: 33 KB
If you're going through hell, keep going. Winston Churchill
  • #27,635
  • Nov 19, 2013 11:13am Nov 19, 2013 11:13am
i have a nice scap trade in h4 basic rule +17 pip
1/ up trend
2/green cross red
3/synery bar is blue, stoch confirmed
4/grean cross the blue band and turn back in original trend ( x- man rule)
i cut it because of my plan and i see price near yesterday high and near ressistant, now my local time is 0h, i have to go to bed.bye for now
Attached Image (click to enlarge)
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  • #27,636
  • Edited 11:33am Nov 19, 2013 11:26am | Edited 11:33am
Baseline

Hi fellow traders,

I have a rather simple question (I think) concerning the baseline which is part of the TDI indi. Since my platform does not provide this indicator, I have to compose it by myself by pulling the components together.

The RSI and Bollinger Bands are rather clear and simple to me to throw in, but then there is this Baseline. It seems to be a Moving Average type.

My question is,

  1. if so, what type of MA, and more important,
  2. what period (setting) does it have?

I can't figure this out. Thanks a bunch before,

regards
BT

PS im talkin about the yellow line here in the pic

http://uppix.com/f-noname528ba08d00149aa6.png

  • #27,637
  • Nov 19, 2013 11:54am Nov 19, 2013 11:54am
Quoting Imi
One ej trade in US session, H1 showed a nice upcross and recross close to MBL, price seemed to find support at previous day low, NY open candle run away quickly and was over 30 pips in size. After it closed I waited for price to come back to RN 135 to get a better entry (ej loves RN's, btw) I moved down to M5 and waited and finally entered and of course after my entry price went down exactly to 135. I closed the trade manually for 33 pips close to 135.50 at previous month high {image}

Hi Imi,

Can you please post your month/week indi, please?

Thx a lot
  • #27,638
  • Nov 19, 2013 12:07pm Nov 19, 2013 12:07pm
Trades updates 4 hour!

GU and GJ my half position out at breakeven and re-entered.

Added to my other 4 trades, I am still bullish all pairs so added on pullback and PA.

Not around this week so just a quick update!

Best of luck
Attached Image (click to enlarge)
Click to Enlarge Name: update 19th.png Size: 107 KB
Give yourself a chance and trade it like it's layed out...
  • #27,639
  • Nov 19, 2013 12:14pm Nov 19, 2013 12:14pm
Quoting Agk007
Hello all, i made a trade with NZD/JPY last night, though it was quite slow moving, so i will exit since i cannot manage my trade at work. MBL was near 32 level, and green and red crossed over mbl, along with PA showing the bulls. Exited with +22 pips. I hate when i cannot manage my trade during regular work hours. Would you consider this a good TMS trade? {image}
Noone?
  • #27,640
  • Nov 19, 2013 12:18pm Nov 19, 2013 12:18pm
Quoting BataviaTrade
Baseline Hi fellow traders, I have a rather simple question (I think) concerning the baseline which is part of the TDI indi. Since my platform does not provide this indicator, I have to compose it by myself by pulling the components together. The RSI and Bollinger Bands are rather clear and simple to me to throw in, but then there is this Baseline. It seems to be a Moving Average type. My question is, if so, what type of MA, and more important, what period (setting) does it have?I can't figure this out. Thanks a bunch before, regards BT PS im talkin...
Hello can you share your rsi number and bolinger band ?
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