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Trading Made Simple

  • #29,221
  • Jan 15, 2014 6:59am Jan 15, 2014 6:59am
Quoting lastingwell
{quote} I would usually do as Bizzle always says and wait for a lower high and in hindsight it would have been a shorter and better trade if I'd waited for it, but never mind, it got there in the end
I think the entry was legit, it's my exit that blows. I was dead tired after a long poker tournament and Tokyo is 2 am for me... So I just saw it go +10 in my favor, then -10 and said to myself "ahh screw it, I'm going to take this loss and sleep". I was even thinking about it most likely being a fakey (as it often happens), as I was laying down.
  • #29,222
  • Jan 15, 2014 7:05am Jan 15, 2014 7:05am
this look good
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  • #29,223
  • Jan 15, 2014 7:13am Jan 15, 2014 7:13am
Quoting emmanuel7788
EURJPY H1 view: {image}
Could you Pls advise what is the meaning of TOK_5H range ?

Thanks
Helanka
Helanka
  • #29,224
  • Jan 15, 2014 7:16am Jan 15, 2014 7:16am
Thanks emmanuel7788 for the insight .38 pips, per TMS rules, that's great !
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  • #29,225
  • Jan 15, 2014 7:32am Jan 15, 2014 7:32am
Quoting Helanka
{quote} Could you Pls advise what is the meaning of TOK_5H range ? Thanks Helanka
TOK_5H
the high - low of the first 5 hours of the Tokyo market session.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,226
  • Jan 15, 2014 7:33am Jan 15, 2014 7:33am
Quoting redfan
this look good {image}

Yes, H4 trade setup ... basic rule
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,227
  • Jan 15, 2014 7:40am Jan 15, 2014 7:40am
Quoting alfis
Emmanuel I understand you use the break of the TOK_5H range (if it's small) as one of your reasons to enter the trade, may I know how'd you decide on "using 5" hours?

When the Asian markets (Shanghai, Hong Kong, Singapore, Tokyo, etc.) are quiet during their morning sessions until their lunch time, then when Tokyo resume trading after their sushi time, traders hands get itchy. Between Tokyo 1pm until London opens, there is 3 hours ... too many hours and traders cant sit still and do nothing. They must trade. That's when market starts to move. Take into consideration when London has DST.

Back-test and you will find many trade opportunities which we can trade using TMS rules.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,228
  • Jan 15, 2014 7:45am Jan 15, 2014 7:45am
Quoting spiritboy
{quote} emmanuel7788 your input into this thread is incredible, such fantastic teaching and knowledge i think we should all know now what it means to give back when you are successful Shane.

If I can help one person, and that one person go on to help another, ..... and so on.

do you believe in Fibonacci series?

0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, 6765, 10946, 17711, 28657, 46368, 75025, 121393, 196418, 317811, ...

we will have one very big TMS family of traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,229
  • Jan 15, 2014 7:47am Jan 15, 2014 7:47am
Three trades today.Total +117 pip
All trade took according to the H4 trend.
Thanks Emmanuel.

Helanka
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Helanka
  • #29,230
  • Edited 7:57am Jan 15, 2014 7:47am | Edited 7:57am
My entry was Frank before LO following 15M double top pull-back. I lost my new year's first 50 piper. My stop was on the RN slightly over DP. Pull-back stopped at DP but my SL was took out anyway before it finally reached 50 pips.... +28.

<EJ 1H>
Attached Image


<EJ 15M>
Attached Image


By the way, I often refer to a MTF indicator (Xaphod made) from Genesis and it looked following when I opened my position. Sometimes useful..
Attached Image
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #29,231
  • Jan 15, 2014 7:48am Jan 15, 2014 7:48am
Quoting heispark
My entry was Frank before LO following 15M double top pull-back. I lost my new year's first 50 piper. My stop was on the RN slightly over DP, pull-back stopped at DP but my position was took out anyway before it finally reached 50 pips.... <EJ 1H> {image} <EJ 15M> {image} By the way, I use a MTF indicator from Genesis and it looked when I opened my position. Sometimes useful.. {image}
Nice one heispark
.... laughing all the way to the bank
  • #29,232
  • Jan 15, 2014 7:52am Jan 15, 2014 7:52am
Quoting geomoon
Thanks emmanuel7788 for the insight .38 pips, per TMS rules, that's great ! {image}

Nicely executed.
Now you know another easy way to look for intraday trades everyday.
Usually if Plan A fails, go for the reverse with Plan B.
All play with the TOK_5H high-low as a grid.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,233
  • Jan 15, 2014 7:54am Jan 15, 2014 7:54am
Quoting Helanka
Three trades today.Total +117 pip All trade took according to the H4 trend. Thanks Emmanuel. Helanka {image} {image}
Great trades, well done...
  • #29,234
  • Jan 15, 2014 7:54am Jan 15, 2014 7:54am
Quoting heispark
My entry was Frank before LO following 15M double top pull-back. I lost my new year's first 50 piper. My stop was on the RN slightly over DP. Pull-back stopped at DP but my SL was took out anyway before it finally reached 50 pips.... <EJ 1H> {image} <EJ 15M> {image} By the way, I use a MTF indicator (Xaphod made) from Genesis and it looked following when I opened my position. Sometimes useful.. {image}
Good trade!


MTF is ... Sometimes useful... but most times stressful ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,235
  • Jan 15, 2014 7:57am Jan 15, 2014 7:57am
Quoting Helanka
Three trades today.Total +117 pip All trade took according to the H4 trend. Thanks Emmanuel. Helanka {image} {image}

Evidently, you developed patience and execute those trades quite well.

Well done and keep it up. Remain focus and don't fall into complacency trap.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,236
  • Jan 15, 2014 8:04am Jan 15, 2014 8:04am
Quoting Helanka
Three trades today.Total +117 pip All trade took according to the H4 trend. Thanks Emmanuel. Helanka {image} {image}
Veery well done !
  • #29,237
  • Jan 15, 2014 8:08am Jan 15, 2014 8:08am
Quoting itsallover
{quote} Nice one heispark
Thanks Kelly.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #29,238
  • Jan 15, 2014 8:17am Jan 15, 2014 8:17am
Quoting lastingwell
{quote} Think we took the same trade Edit: Added the m5 chart underneath. {image} {image}
As usual, beautiful trade! Your charts remind me of some people saying 1H TF is too far away from 5M to take consider at 5M chart ....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #29,239
  • Jan 15, 2014 8:18am Jan 15, 2014 8:18am
Hi o/

it's a good opportunity for short ?

-TDI cross with good angle
-Divergence with TDI and Price
-Last Blue bar is a pin bar
-TDI cross 68 line.

what else ?
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  • #29,240
  • Jan 15, 2014 8:23am Jan 15, 2014 8:23am
Quoting heispark
{quote} As usual, beautiful trade! Your charts remind me of some people saying 1H TF is too far away from 5M to take consider at 5M chart ....

Thanks Heispark and yours wasn't so bad either I try to take into account something I read once from a brilliant trader on FF and he said something like the moves will be seen first on the lower timeframes but if the higher timeframes aren't ready to turn then it won't go anywhere yet, so I look at the higher timeframes to check if they look ready to turn and then make sure the m5 or m15 is showing the same thing.
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