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Trading Made Simple

  • #29,081
  • Jan 13, 2014 2:17pm Jan 13, 2014 2:17pm
Quoting CompassDude
Just want to thank the members for all their insight on this trading strategy...My first trade is up 65% using this method!!!!!! {image}
Well done mate, keep it up!!

Just be careful of your Money management, I am guessing if you are making 65% in one trade you are over leveraging!
Give yourself a chance and trade it like it's layed out...
  • #29,082
  • Jan 13, 2014 2:41pm Jan 13, 2014 2:41pm
Quoting itsallover
Nice trades lastingwell
Quoting Bizzle
Congrats
Thanks you two, hope your trading is going well
  • #29,083
  • Jan 13, 2014 2:44pm Jan 13, 2014 2:44pm
Quoting Imi
{quote} It looks like I was wrong regarding that eunzd H4 setup, but I am not a H4 expert... at that time I didn't see any further confirmation for a sell, however a few hours later I did find the setup on H1 with a nice recross below yellow mbl line and 50 level, and PA breaking below previous candle. hit tp +50 regards {image}

Very nice Imi
  • #29,084
  • Jan 13, 2014 4:48pm Jan 13, 2014 4:48pm
Quoting emmanuel7788
Here is a quick view on EU. The last H4 candle did not close with strong momentum despite the TDI cross, I dont see a good A+ entry. NY open in about 35mins. Nevertheless, if we take this setup, be prepared to bail out when price pull back and TDI goes flat. {image}
Attached Image (click to enlarge)
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Always pay attention when market session changeover, e.g. London close, price pullback can be due to traders exiting their positions. The same one hour before NY Open, look at EJ H1 last night. H1 price pullback and some traders jumped in and buy. Like what Big E used to warn people.... M15, M5 too much market noise. Stay away.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,085
  • Jan 13, 2014 4:59pm Jan 13, 2014 4:59pm
one of the 10 things: TIMING

know the market sessions, its open and close times, observe the buyers and sellers behaviour.

Attached Image (click to enlarge)
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learn to see where the buyers and sellers are.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,086
  • Jan 13, 2014 5:48pm Jan 13, 2014 5:48pm
AU H4:

Tokyo open in about 15 mins...
what do you see?

Attached Image (click to enlarge)
Click to Enlarge Name: AU H4 14 Jan GMT2345.png Size: 24 KB


think chart patterns.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,087
  • Jan 13, 2014 5:57pm Jan 13, 2014 5:57pm
Quoting emmanuel7788
AU H4: Tokyo open in about 15 mins... what do you see? {image} think chart patterns.


Upwards flag, due to the lack of a bearish signal...it looks like it could climb further...I could be totally off base but I don't see a strong enough bearish signal on this to jump on it yet.
  • #29,088
  • Jan 13, 2014 6:04pm Jan 13, 2014 6:04pm
Off-topic:
but coming from TMS thread followers.
reading my private messages, I get some interesting people sharing their trading journey with me.
Some are doing well, but many do need some help to get going.

Does anyone have experience with trade copier?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,089
  • Jan 13, 2014 6:15pm Jan 13, 2014 6:15pm
Quoting emmanuel7788
Off-topic: but coming from TMS thread followers. reading my private messages, I get some interesting people sharing their trading journey with me. Some are doing well, but many do need some help to get going. Does anyone have experience with trade copier?


I do....I use Etoro as well...but sure do wish there was an experienced trader over there I could copy
  • #29,090
  • Jan 13, 2014 6:31pm Jan 13, 2014 6:31pm
Quoting emmanuel7788
AU H4: Tokyo open in about 15 mins... what do you see? {image} think chart patterns.
On this chart i see a possible retracement due to the upper wicks, BUT if you look at the higher TF (daily and weekly) Price came down to significant support and bounced and after doing the big picture planning, there aren't any significant weekly or monthly S/R areas nearby for a long, so i think it can go higher.
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  • #29,091
  • Jan 13, 2014 6:48pm Jan 13, 2014 6:48pm
I took this CT trade on ej M5 , after H4 TDI has flattened out,
and H1 showed divergence with double bottom. My sl was set at 15 pips
and moved it to BE after +20 pips, took some time to reach profit but was risk free ride after that.
Attached Image(s) (click to enlarge)
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If you're going through hell, keep going. Winston Churchill
  • #29,092
  • Edited 9:41pm Jan 13, 2014 9:23pm | Edited 9:41pm
Lastingwell,

Would you mind sharing the ATR indicator that you have displayed on the upper left of your chart and the candle clock with pips? I checked the paperclip and did not see any that appeared comparable.

(or tell me where it is located in this thread)

I would be much appreciative

Thank You and Regards,
Cigarguy
Keep It Simple
  • #29,093
  • Jan 13, 2014 9:53pm Jan 13, 2014 9:53pm
Quoting emmanuel7788
AU H4: Tokyo open in about 15 mins... what do you see? {image} think chart patterns.
Hi, Need some help with this one - without referring to the thread I took the Sell trade on the 2nd red HA candle with TDI confirmation at .90229. Down around 14 pips but TDI still looks good with a deep cross from the 68. I see .90 as support so had TP set at .90049

Attached Image (click to enlarge)
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PA on my NY close chart.:
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  • #29,094
  • Jan 13, 2014 10:12pm Jan 13, 2014 10:12pm
Quoting studio1
{quote} Hi, Need some help with this one - without referring to the thread I took the Sell trade on the 2nd red HA candle with TDI confirmation at .90229. Down around 14 pips but TDI still looks good with a deep cross from the 68. I see .90 as support so had TP set at .90049 {image} PA on my NY close chart.: {image}
My bias is go long eventually on this one, since the daily and weekly TF's to me are showing a long setup. If you look at the weekly TF TDI, green is crossing over red and yellow (MBL). and to add there is significant support that so far has held and bounced. Also something to keep in mind is after a sharp move in one direction, price will consolidate for some time. Since on the H4 tf the red and green line is above the MBL, i would look for a cross up. Thats just my opinion and im fairly new to this system, so take it with a grain of salt. I wouldn't enter yet.
  • #29,095
  • Jan 13, 2014 10:14pm Jan 13, 2014 10:14pm
I know this is not the ideal time of day to trade, but this afternoon I found a set-up I could not resist....actually on of my favorites. A pullback candle reversal formation (circle) and the TDI moving out of the oversold area with the green RSI Price line crossing over both the red Trade Signal line and the gold Market Base line (rectangle). That setup will almost always guarantee a good trade!! The trade took about 6 1/2 hours to complete due to time of day and low volume but it did hit my TP. I will be watching for a continuation or reversal at LO.
Attached Image (click to enlarge)
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  • #29,096
  • Jan 13, 2014 10:34pm Jan 13, 2014 10:34pm
Quoting studio1
{quote} Hi, Need some help with this one - without referring to the thread I took the Sell trade on the 2nd red HA candle with TDI confirmation at .90229. Down around 14 pips but TDI still looks good with a deep cross from the 68. I see .90 as support so had TP set at .90049 {image} PA on my NY close chart.: {image}
I'm not a technical expert by no means like some here, but that is why I keep 2 charts open. One with APB's and one with candles. If that's what your referring to.

I use the candles for entering and exits, although the APB's get rid of the chop and will keep you in the trade. (sometimes good and sometimes not so good)

Just my 2 cents.....
Attached Image (click to enlarge)
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Keep It Simple
  • #29,097
  • Jan 13, 2014 10:40pm Jan 13, 2014 10:40pm
Quoting studio1
{quote} Hi, Need some help with this one - without referring to the thread I took the Sell trade on the 2nd red HA candle with TDI confirmation at .90229. Down around 14 pips but TDI still looks good with a deep cross from the 68. I see .90 as support so had TP set at .90049 {image} PA on my NY close chart.: {image}


The question in my post - what do you see? on that H4 chart posted.

Attached Image (click to enlarge)
Click to Enlarge Name: AU H4 14 Jan GMT2345.png Size: 24 KB


For those who are struggling with TMS and ask for help, you need to put some more effort and practice. My post was to help you learn and read price action. Then decide on those A+++ trade setup and you can then trade with TMS as the core method.

Trade Well!
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,098
  • Jan 13, 2014 10:43pm Jan 13, 2014 10:43pm
Quoting Phx62
I know this is not the ideal time of day to trade, but this afternoon I found a set-up I could not resist....actually on of my favorites. A pullback candle reversal formation (circle) and the TDI moving out of the oversold area with the green RSI Price line crossing over both the red Trade Signal line and the gold Market Base line (rectangle). That setup will almost always guarantee a good trade!! The trade took about 6 1/2 hours to complete due to time of day and low volume but it did hit my TP. I will be watching for a continuation or reversal...

Nice Phx62!

I waited till Tokyo open ... silly me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,099
  • Jan 13, 2014 10:55pm Jan 13, 2014 10:55pm
the most obvious thing I see is a huge movement upwards with with a series of 3 consolidating candles - none breaking the low of the MC candle before it - so not enough of a confirmation.

On my chart and at the point of entry (diff server time) was after a push down but what appears to be a point of resistance now at .902

Believe me I have done nothing but read through this thread, many associated pdfs nearly full time for weeks now - my PA recognition is very limited so far so I have been trying to stick to the simpler rules of entry.
  • #29,100
  • Jan 13, 2014 11:17pm Jan 13, 2014 11:17pm
Quoting emmanuel7788
{quote} The question in my post - what do you see? on that H4 chart posted. {image} For those who are struggling with TMS and ask for help, you need to put some more effort and practice. My post was to help you learn and read price action. Then decide on those A+++ trade setup and you can then trade with TMS as the core method. Trade Well! EMMANUEL

Hi, just giving a shot as i am not too confidence.

Based on price action, i noticed a inside bar followed by the bearish engulfing candle.

Wqiang
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