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Trading Made Simple

  • #29,001
  • Jan 12, 2014 4:39pm Jan 12, 2014 4:39pm
Quoting CompassDude
Hi Guys, I finally finished reading all these posts...wow! Okay this is my first post here at FF....what do you guys think of the EUR/NZD setup? I'm a newb...and I'm tired of losing trades....does this look like a good trade? Cheers from the great white north {image}

Hey, I am also newb, but I wouldnt take the trade because I think its too late to enter already, I might be wrong
  • #29,002
  • Jan 12, 2014 4:54pm Jan 12, 2014 4:54pm
Quoting snshne
{quote} Hey, I am also newb, but I wouldnt take the trade because I think its too late to enter already, I might be wrong


I think your right....I guess its best to work with the timezones that the BigE suggests for the 4hr charts
  • #29,003
  • Jan 12, 2014 4:54pm Jan 12, 2014 4:54pm
Quoting CompassDude
Hi Guys, I finally finished reading all these posts...wow! Okay this is my first post here at FF....what do you guys think of the EUR/NZD setup? I'm a newb...and I'm tired of losing trades....does this look like a good trade? Cheers from the great white north {image}
Beside the TDI cross what other factors can you add to support your thinking to take this setup?
To me it's just a tdi cross, and not even in the right time, check the post above by towtow, BigE traded
H4 crosses at night when LO.
I made a chart showing 3 possible entries that could've been taken and have more confirmation.
Keep it simple, but always look for more confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-01-12_17-16-34eunzdH4.png Size: 78 KB
If you're going through hell, keep going. Winston Churchill
  • #29,004
  • Jan 12, 2014 5:15pm Jan 12, 2014 5:15pm
Quoting Imi
{quote} Beside the TDI cross what other factors can you add to support your thinking to take this setup? To me it's just a tdi cross, and not even in the right time, check the post above by towtow, BigE traded H4 crosses at night when LO. I made a chart showing 3 possible entries that could've been taken and have more confirmation. Keep it simple, but always look for more confirmation {image}
Excellent Analysis IMi. I am also learning from you TMS experts. I have question: what are those green and pink moving averages on your chart and how do you use them in your decision making?

Thanks, hoperich
  • #29,005
  • Jan 12, 2014 5:18pm Jan 12, 2014 5:18pm
Quoting blamshakk
hey emmanuel i didnt know you traded the daily chart, something i am attempting to do with TMS with my custom version with some moderate success do you read britpip7's tms for day charts thread? thanks for the tips re: daily chart big picture planning. what i find is that letting profits run on the dailies and cutting losers can be a very winning combo, as when you hit a run it can get really big. what im experimenting with is part close/ jumping stop routines with MPTM to try and lock in gains after i hada 'home run' trade undergo a large reversal...

Hi blam,

When I started trading it was End-Of-Day EOD trading with D-chart many years ago. So coming donw to H4 and H1 is moving into the fast lane.

I still read Britpip7 thread for D-chart trading to keep up with his sharing and his experience. He has done a lot of work on D-chart so I must give him full credit. But most people like to trade in the fast lane because it has its attractions.

Most fulltime traders I know have three systems of their own - Intraday trading, Short Swing trading and Position trading. This is what I recommend those who want to become fulltime traders and trade for supplement income.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,006
  • Jan 12, 2014 5:30pm Jan 12, 2014 5:30pm
Quoting irishtoffy
{quote} Emmanuel, I kept those Guppy MMA on for a few months now. I am not sure why I kept the short term ones on my charts though you are correct as I never looked at them one time I don't think! Longer I will keep for a while longer to help determine trend until I am more sure. I see I could/should have entered on candles 1, 2 or 3. I was under the impression it would be better to wait until BO form the MC? Should I hav disregarded the MC? Is there any reason for this that you could show? So I can see it in the future if it is irrelevant? irishtoffy...

Hi Irishtoffy,

Here its that chart I posted above.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ week 02 POMO.png Size: 71 KB


First, we must pay attention when Wide Range Bar WRB shows up.
Then the bar after the WRB may be an Inside Bar IB. But we still don;t know if that WRB will be a Master Candle MC until the next 2 more bars closed.
This give us plenty of time to plan our trade action.

On that chart above, do you see the historical S&R drawn before week 02 trading started. This S&R is important because it was tested and changed.
Then you see the first MC which hit the S&R., then price stall.
Then the next WRB, then a MC shows up and look at the full TDI. Plenty of time to analyse and plan a trade entry.

When we are in doubt of certain setups, we can either walk away or we reduce our risk % and take those setups. Leanr to build positions or add positions later when trending move is more visible on the chart.

4H period trading is good becasue that give us more time to plan our trades. H1 is fast, and we need to react fast.

Trade Well!
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,007
  • Jan 12, 2014 5:32pm Jan 12, 2014 5:32pm
Quoting Imi
{quote} Beside the TDI cross what other factors can you add to support your thinking to take this setup? To me it's just a tdi cross, and not even in the right time, check the post above by towtow, BigE traded H4 crosses at night when LO. I made a chart showing 3 possible entries that could've been taken and have more confirmation. Keep it simple, but always look for more confirmation {image}


What is that Yellow Line on your TDI indicator? Is that the 50 MA? And it looks like you have some sort of custom bollinger bands...is that correct?
What would be the settings on those if I may ask?
  • #29,008
  • Jan 12, 2014 5:34pm Jan 12, 2014 5:34pm
Quoting hoperich
{quote} Excellent Analysis IMi. I am also learning from you TMS experts. I have question: what are those green and pink moving averages on your chart and how do you use them in your decision making? Thanks, hoperich
The magenta is 200ema the green is 800ema. They act like dynamic support and resistances, I watch out for the 200, price
often bounce off of it when it approaches it. Many traders use 200ema to determine the trend.
When they are close to each other price often pingpong in between them.
If you're going through hell, keep going. Winston Churchill
  • #29,009
  • Jan 12, 2014 5:41pm Jan 12, 2014 5:41pm
Quoting CompassDude
{quote} What is that Yellow Line on your TDI indicator? Is that the 50 MA? And it looks like you have some sort of custom bollinger bands...is that correct? What would be the settings on those if I may ask?
The yellow is the MBL(marketbaseline) , the bollinger is called volatility band ( VB)
they are both included in your TDI. Here is how you can set it up in TDI properties.
Check out the videos on compassfx website, many members posted before, there you can find education about
the use of TDI
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-01-12_18-35-48TDI.png Size: 106 KB
If you're going through hell, keep going. Winston Churchill
  • #29,010
  • Jan 12, 2014 5:44pm Jan 12, 2014 5:44pm
Quoting towtow
{quote} Fx94, You sound really frustrated and I wanted to give you some advise on trading the TMS. I know this thread is super long with a lot of information in it, some good and some bad. I would suggest that you go back to the start of this thread read all of the posts from eelfranz. I did this by clicking on his username to access his profile, then I just started reading his posts. From your question, it appears that you are, like many others now in this thread, taking the TMS in a different direction with other indicators and the way you want...
Great post
Give yourself a chance and trade it like it's layed out...
  • #29,011
  • Jan 12, 2014 6:39pm Jan 12, 2014 6:39pm
Hello All, first time caller, long time listener

Thank you immensely to everybody for their contributions to this thread which I have been digesting over the past few weeks. I started trading a few months back - made some excellent returns trading one chart and D timeframe for one month, switched broker and tried my hand at 5m scalping on multiple charts and lost all my profits and then some. Back to the D and H4 charts for me!


Quoting emmanuel7788
Big Picture planning or Weekly Top Down Analysis WTDA planning: Folks, Now is time for you to do your weekly planning. You can post your big picture or WTDA here and I will share with you my views so that we can learn together. Trade Well! EMMANUEL
Here is my Big Picture Planning for USDJPY ( I use cTrader). White lines - MN SR, Purple D SR, Blue D SR. What do you think?

Attached Image (click to enlarge)
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  • #29,012
  • Jan 12, 2014 7:01pm Jan 12, 2014 7:01pm
Quoting Phx62
{quote} hoperich, I keep an eye on all support and resistance areas.....monthly, weekly, daily, H4 highs and lows, the 200 EMA, previous consolidation areas, etc. When price approaches those areas, one thing I watch for is momentum in the market and time of day. Market momentum can break many resistance areas or price can be reversed or range when hitting those areas but market volume or momentum will provide some insight on what to expect. Long candles with no wicks in the direction of a trade, indicate momentum in the market and sometimes will...
As always it was a great answer and i read it couple of times as it has summarized the whole picture in clear words. Does anyone have indicator showing S/R for M/W/D/H4? I have downloaded the yesterday's H/L, but would like to have something phx62 use on his chart. These are blue dots showing key areas.

Thanks in advance.
hoperich
  • #29,013
  • Jan 12, 2014 7:12pm Jan 12, 2014 7:12pm
Quoting hoperich
{quote} As always it was a great answer and i read it couple of times as it has summarized the whole picture in clear words. Does anyone have indicator showing S/R for M/W/D/H4? I have downloaded the yesterday's H/L, but would like to have something phx62 use on his chart. These are blue dots showing key areas. Thanks in advance. hoperich
Never mind these are manual lines. I just went back to phx62 study manual IV and on page 67 it has been answered as follow:



[justify]Q: Did you draw those lines manually on the chart?[/justify]
[justify]The lines are drawn manually....I pull up a H4 chart and look for areas where price has consolidated over the past month or so and then draw those lines in and leave them on my chart. Only one of them is a 00 number and that is just where I saw resistance. Not part of a system....just for my own reference.[/justify]
  • #29,014
  • Jan 12, 2014 7:13pm Jan 12, 2014 7:13pm
Quoting hoperich
{quote} As always it was a great answer and i read it couple of times as it has summarized the whole picture in clear words. Does anyone have indicator showing S/R for M/W/D/H4? I have downloaded the yesterday's H/L, but would like to have something phx62 use on his chart. These are blue dots showing key areas. Thanks in advance. hoperich
Never mind these are manual lines. I just went back to phx62 study manual IV and on page 67 it has been answered as follow:



Q: Did you draw those lines manually on the chart?[/justify]
The lines are drawn manually....I pull up a H4 chart and look for areas where price has consolidated over the past month or so and then draw those lines in and leave them on my chart. Only one of them is a 00 number and that is just where I saw resistance. Not part of a system....just for my own reference.[/justify]
  • #29,015
  • Jan 12, 2014 8:09pm Jan 12, 2014 8:09pm
Hi All,

My trade this morning according to PHX62 style.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy0900130113.png Size: 42 KB
  • #29,016
  • Jan 12, 2014 10:55pm Jan 12, 2014 10:55pm
Quoting hoperich
{quote} As always it was a great answer and i read it couple of times as it has summarized the whole picture in clear words. Does anyone have indicator showing S/R for M/W/D/H4? I have downloaded the yesterday's H/L, but would like to have something phx62 use on his chart. These are blue dots showing key areas. Thanks in advance. hoperich
I use the Daily-Weekly-Monthly indicator found here.....http://www.forexfactory.com/showthre...33#post7100433. I also draw S/R lines mostly from the Daily and H4 charts. The H4 indicator that draws the most recent H4 highs and lows can be found here.....http://www.forexfactory.com/showthre...12#post6540312
  • #29,017
  • Jan 12, 2014 11:02pm Jan 12, 2014 11:02pm
A nice Asian session EJ H1 trade to start off the week. Taken per TMS rules (entry at the open of the 2nd candle and green crossing red, even though price did not move much until the 3rd candle) and a pullback candle reversal pattern following the market opening. With the TDI already above the ADR, I would not expect much movement during London....but you never know.....off the bed now....
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.1.12 ej h1.png Size: 33 KB
  • #29,018
  • Jan 13, 2014 12:10am Jan 13, 2014 12:10am
Quoting emmanuel7788
{quote} Is that only Fx94 who have this problem. I seriously doubt so that Fx94 is the only one. So let me see how many more traders here following TMS method have problem. Don't worry Fx94, I know exactly what you are going through. I see your problem quite clearly reading what you wrote and on the 3 charts. Be patient and wait and see how many more members will speak up now. A general problem will require a general solution. regards, EMMANUEL
Although I have been monitoring this thread for quite some time and have put in long hours of studying not only this thread but also related threads, Fx94's frustration is also my frustration. Thats also the main reason I never post here because it feels like I am so far off the mark still that I don't feel like I can contribute.
  • #29,019
  • Jan 13, 2014 12:38am Jan 13, 2014 12:38am
Quoting towtow
{quote} Fx94, You sound really frustrated and I wanted to give you some advise on trading the TMS. I know this thread is super long with a lot of information in it, some good and some bad. I would suggest that you go back to the start of this thread read all of the posts from eelfranz. I did this by clicking on his username to access his profile, then I just started reading his posts. From your question, it appears that you are, like many others now in this thread, taking the TMS in a different direction with other indicators and the way you want...
Great post
  • #29,020
  • Jan 13, 2014 1:13am Jan 13, 2014 1:13am
Entered in G/U trade and not sure what was wrong. The candle broke MC and also yesterdays high. I have closed at BE.

Experts please comment?
Attached Image (click to enlarge)
Click to Enlarge Name: BE.png Size: 55 KB
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