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Trading Made Simple

  • #28,281
  • Dec 19, 2013 1:09am Dec 19, 2013 1:09am
Quoting Phx62
Have been very busy with my business, trading and family but for those interested, here are my trades for this week, so far. All the trades are pretty much self explanatory. Triangles indicate pullback candle reversal formations and straight white lines indicate double/triple tops or bottoms, usually followed by consolidation or inside bars (reversal patterns). All trades confirmed by TDI crosses. One BE trade followed by a re-entry. Happy Holidays to all......{image}

Phx62:

Excellent trades! Thanks for posting them.

ALL:

Trading Made Simple "TMS" is indeed a simple method.

Everything marked on Phx62 chart is clearly price action technical trading logic applied with TMS method.

Happy Holidays.

  • #28,282
  • Edited 4:42am Dec 19, 2013 1:17am | Edited 4:42am
Quoting Phx62
Have been very busy with my business, trading and family but for those interested, here are my trades for this week, so far. All the trades are pretty much self explanatory. Triangles indicate pullback candle reversal formations and straight white lines indicate double/triple tops or bottoms, usually followed by consolidation or inside bars (reversal patterns). All trades confirmed by TDI crosses. One BE trade followed by a re-entry. Happy Holidays to all......{image}
Busy is good.
Didn't you have 4H trade this week? Do you feel more comfortable at 1H?
Merry Christmas and happy new year!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #28,283
  • Dec 19, 2013 2:31am Dec 19, 2013 2:31am
Quoting Phx62
Have been very busy with my business, trading and family but for those interested, here are my trades for this week, so far. All the trades are pretty much self explanatory. Triangles indicate pullback candle reversal formations and straight white lines indicate double/triple tops or bottoms, usually followed by consolidation or inside bars (reversal patterns). All trades confirmed by TDI crosses. One BE trade followed by a re-entry. Happy Holidays to all......{image}
Hi Phx62,

Thanks for posting your charts. Its always good to see you around. Members like you keeps the thread alive.

Happy Holidays and Merry Christmas.
  • #28,284
  • Dec 19, 2013 4:46am Dec 19, 2013 4:46am
Quoting Phx62
Have been very busy with my business, trading and family but for those interested, here are my trades for this week, so far. All the trades are pretty much self explanatory. Triangles indicate pullback candle reversal formations and straight white lines indicate double/triple tops or bottoms, usually followed by consolidation or inside bars (reversal patterns). All trades confirmed by TDI crosses. One BE trade followed by a re-entry. Happy Holidays to all......{image}
Thanks Sir for showing these trades, they sure helps for learn to trade
I Have Learned to Take Some Losses to Make Profits
  • #28,285
  • Dec 19, 2013 8:29am Dec 19, 2013 8:29am
Hello eel,Thanks for the free education.I am from India. I just discovered this thread a week back and have been backtesting it. I seem to have a problem,I can't figure out,so would be grateful to u and the seniors on this thread for their help.According to the rules we enter on the cross of the TDI at the beginning of the candle of the right colour and proper size.In backtesting,the entry candles are of good size,but when I have gone live since the last two days, the entry candles start out very small at times and at the end of 4 hours they grow to the right size. Should the trade be taken only on the basis of TDI cross irrespective of candle size at the beginning of the candle if TDI and stochastics parameters are satisfied.I have read only 60 pages of this thread yet so maybe this question may already have been answered,so please excuse my asking.

Carl.
  • #28,286
  • Edited 9:11am Dec 19, 2013 8:38am | Edited 9:11am
Interesting Bloomberg article:
Secret Currency Traders’ Club Devised Biggest Market’s Rates
http://bloom.bg/1hmBHUH
To that big boys what we are doing here would look funny at best. Forex is kinda a dirty business.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #28,287
  • Dec 19, 2013 8:45am Dec 19, 2013 8:45am
Quoting csethna
Hello eel,Thanks for the free education.I am from India. I just discovered this thread a week back and have been backtesting it. I seem to have a problem,I can't figure out,so would be grateful to u and the seniors on this thread for their help.According to the rules we enter on the cross of the TDI at the beginning of the candle of the right colour and proper size.In backtesting,the entry candles are of good size,but when I have gone live since the last two days, the entry candles start out very small at times and at the end of 4 hours they grow...
All candles will start out small at the beginning of the candle. You are supposed to be taking note of the previous candles to make sure there is momentum in the market for you to trade.
  • #28,288
  • Dec 19, 2013 9:27am Dec 19, 2013 9:27am
Quoting lastingwell
{quote} All candles will start out small at the beginning of the candle. You are supposed to be taking note of the previous candles to make sure there is momentum in the market for you to trade.
Great advice lastingwell as usual. Thanks for all the advice you and other top traders have given. Have a great Christmas and hope to see you all back in the new year.

Shane from Essex UK.
  • #28,289
  • Dec 19, 2013 9:30am Dec 19, 2013 9:30am
Quoting lastingwell
{quote} All candles will start out small at the beginning of the candle. You are supposed to be taking note of the previous candles to make sure there is momentum in the market for you to trade.

Thank you for the reply,Happy holidays,God Bless.
  • #28,290
  • Dec 19, 2013 9:44am Dec 19, 2013 9:44am
I have put up a chart of EJ 4 hour starting at the beginning of November with only Average Price Bars!!

Now take a look at the Chart and tell me why I have circle these candles and if you notice anything about PA??
Attached Image (click to enlarge)
Click to Enlarge Name: PA.png Size: 36 KB
Give yourself a chance and trade it like it's layed out...
  • #28,291
  • Dec 19, 2013 10:16am Dec 19, 2013 10:16am
Quoting Phx62
Have been very busy with my business, trading and family but for those interested, here are my trades for this week, so far. All the trades are pretty much self explanatory. Triangles indicate pullback candle reversal formations and straight white lines indicate double/triple tops or bottoms, usually followed by consolidation or inside bars (reversal patterns). All trades confirmed by TDI crosses. One BE trade followed by a re-entry. Happy Holidays to all......{image}
I can honestly say I check every day for your posts, just to see how u managed the week's trades so I can develop a plan for the first 4hrs of London.
  • #28,292
  • Dec 19, 2013 10:19am Dec 19, 2013 10:19am

Quoting Bizzzle
I have put up a chart of EJ 4 hour starting at the beginning of November with only Average Price Bars!! Now take a look at the Chart and tell me why I have circle these candles and if you notice anything about PA?? {image}
First candle u should open a trade on.
  • #28,293
  • Dec 19, 2013 11:01am Dec 19, 2013 11:01am
Quoting Bizzzle
I have put up a chart of EJ 4 hour starting at the beginning of November with only Average Price Bars!! Now take a look at the Chart and tell me why I have circle these candles and if you notice anything about PA?? {image}
It seems that TDI cross would have been happened at this candles.
  • #28,294
  • Dec 19, 2013 11:19am Dec 19, 2013 11:19am
Quoting manoj_3986
{quote} It seems that TDI cross would have been happened at this candles.
For this example I am only asking about PA!! Do you see anything else??
Give yourself a chance and trade it like it's layed out...
  • #28,295
  • Dec 19, 2013 11:25am Dec 19, 2013 11:25am
Quoting Bizzzle
{quote} For this example I am only asking about PA!! Do you see anything else??
PA is stale prior to the candles you've circled. Is that it?
Dives est, cui tanta possessio est, ut nihil optet amplius
  • #28,296
  • Dec 19, 2013 11:29am Dec 19, 2013 11:29am
Quoting Bizzzle
{quote} For this example I am only asking about PA!! Do you see anything else??
Big circle candle after small candles gives hint of next big move.
  • #28,297
  • Dec 19, 2013 11:48am Dec 19, 2013 11:48am
check out this video it might give you some hints:

http://www.compassfx.com/video/ip/70212/70212.html
Give yourself a chance and trade it like it's layed out...
  • #28,298
  • Dec 19, 2013 12:11pm Dec 19, 2013 12:11pm
made some simple little modifications to my trading plan. lets see how it goes.

usd/jpy entered short.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 43 KB
Take what the market gives you.
  • #28,299
  • Dec 19, 2013 12:35pm Dec 19, 2013 12:35pm
Quoting Bizzzle
I have put up a chart of EJ 4 hour starting at the beginning of November with only Average Price Bars!! Now take a look at the Chart and tell me why I have circle these candles and if you notice anything about PA?? {image}
Bizzzle

Thanks for that video. Those candles circled are consolidation candles, this example really does show how powerful they are. If you were to go in on the close of those candles you would have bagged serious pips.

Happy Christmas to All TMS traders


Blueman
  • #28,300
  • Dec 19, 2013 12:38pm Dec 19, 2013 12:38pm
Bit of a slow day today guys. ...... Very few pips to be gained ..

nelly
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