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Trading Made Simple

  • #29,481
  • Jan 19, 2014 7:49am Jan 19, 2014 7:49am
Quoting emmanuel7788
AU Trade planning for next week 04 20 to 24 Jan 2014: Last week we had a good reversal trade with that Head and Shoulders reversal pattern. Now, I see 0.8770 where this week price stopped. What is this 0.8770? D chart show 4 consecutive days down, stopping at this level. Anyone want to give a try and do this week's Big Picture planning before NY Sunday opening. Trade Well. EMMANUEL
Hi Emmanuel,

Heres my view of AU, let me know what you think: -

http://charts.mql5.com/3/620/audusds...fx-fx-cfds.png

http://charts.mql5.com/3/621/audusds...fx-fx-cfds.png

Just a plan to have in my head but as always I will use what big E taught us and let the APB and TDI confirm.

Good trading to all for the week ahead.

Regards

Adam
  • #29,482
  • Jan 19, 2014 8:02am Jan 19, 2014 8:02am
Hi emmanuel , have you ever tried to automate this system an of course if you believe it is possible.
My second question is if i want to trade on daily charts is there any differences instead of trading 4h timeframe. Also is there any summary instructions on one document about the trading rules except of the first post.

Thank you in advance for your time.

Regards ,

Alex
  • #29,483
  • Jan 19, 2014 8:27am Jan 19, 2014 8:27am
Quoting cigarguy
Attention Mini-Chart Users- I have had a lot of PM's asking how to set them up to appear as I posted in Post #29,451. It's very simple, just open a chart for any currency pair, drag the mini-chart indicator onto the chart and set it up with candles and then again drag the mini-chart indicator onto the same chart and set it up with the TDI. You can change colors and settings to your liking. Once that is completed, just drag the price line to the top of that chart and you will only see the 2 mini-charts (price will remain out of sight at the top of...
Hi Cigarguy,
Where can we get the mini-chart indicator?
Thanks a lot.
allhappy
  • #29,484
  • Jan 19, 2014 8:33am Jan 19, 2014 8:33am
Quoting allhappy
{quote} Hi Cigarguy, Where can we get the mini-chart indicator? Thanks a lot. allhappy

At Pipware.com
Attached Image (click to enlarge)
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Keep It Simple
  • #29,485
  • Jan 19, 2014 8:34am Jan 19, 2014 8:34am
Quoting allhappy
{quote} Hi Emmanuel, Yes, I would like to have it. If possible, share with us. Thank a lot Be Happy Allhappy

go way back and read this post#22,193 carefully.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,486
  • Edited 9:30am Jan 19, 2014 8:36am | Edited 9:30am
Maybe the old 1, 2, 3 or MM's could possibly be accumulating orders to go long ?

Four quick T/F's for AU....that's where Mini-charts can be handy. For scalpers, its like a motion picture looking from left to right you can see how price is moving in motion in relation to the moving average as a filter. You can see how price reacted when it hit resistance at the MA/coral on the 5m. Its also a good quick way to see why its better to stay on the higher t/f's as you can see the noise increasing from high to low t/f's at a glance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdsb-w1-gkfx-fx-cfds.png Size: 126 KB
Click to Enlarge Name: ScreenHunter_02 Jan. 19 08.10.gif Size: 64 KB
Keep It Simple
  • #29,487
  • Edited 5:21pm Jan 19, 2014 4:50pm | Edited 5:21pm
Quoting adamjhdavis
{quote} Hi Emmanuel, Heres my view of AU, let me know what you think: - {image} {image} Just a plan to have in my head but as always I will use what big E taught us and let the APB and TDI confirm. Good trading to all for the week ahead. Regards Adam

Hi Adam,

Thanks for sharing your planning view.

Sadly for me, AU broke below its parity and recovery will be difficult.

We have to see how it will play in the 8750 region this week.

Potentially, with weaker domestic data and also China' weaker performance, it will drop further to 8520.

Trade Well!
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,488
  • Jan 19, 2014 5:39pm Jan 19, 2014 5:39pm
Quoting alex8585
Hi emmanuel , have you ever tried to automate this system an of course if you believe it is possible. My second question is if i want to trade on daily charts is there any differences instead of trading 4h timeframe. Also is there any summary instructions on one document about the trading rules except of the first post. Thank you in advance for your time. Regards , Alex
Hi Alex,

I do not believe in full automated trading robots. A discretionary trading method cannot be automated unless there is artificial intelligence AI systems out there with learning capabilities.

TMS as shared here is a trading method. It is not a system as many thought to be. It is a trend trading method.

I trade the D-chart and I can still trade in 4H periods not necessaruly H4 charts. You can choose the period in which you have access to your computer. That can be 2H, 4H, 6H or 8H. Some trading platforms do offer chart timeframes for e.g. H8 charts. But that is not cirtical as long as you have access to your charts regagrless what chart timframe to display. I tend to look at my charts once every 4-hours, when I missed one 4-hour cycle it is not a big deal. I can see my chart again when I have time to.

The basic rules for D-chart trading is the same, use the APB/HA and TDI for technical entry setups. It is about entries ane exits, and it is money management which you need to work on and make that part of your own trading system. I don't recommend Single Entry / Single Exit for D-chart trading. You need to consider Multiple Entries / Multiple Exits strategy. Position sizing is important and shoudl be used.

You can consider doing a trading system development course. Learn and gain more experince, use the knowledge and develop a winning system of your own.

Trade Well,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,489
  • Jan 19, 2014 5:41pm Jan 19, 2014 5:41pm
Quoting cigarguy
Attention Mini-Chart Users- I have had a lot of PM's asking how to set them up to appear as I posted in Post #29,451. It's very simple, just open a chart for any currency pair, drag the mini-chart indicator onto the chart and set it up with candles and then again drag the mini-chart indicator onto the same chart and set it up with the TDI. You can change colors and settings to your liking. Once that is completed, just drag the price line to the top of that chart and you will only see the 2 mini-charts (price will remain out of sight at the top of...
cigarguy,

innovative ...

and helpful.

Thanks!

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,490
  • Jan 19, 2014 5:47pm Jan 19, 2014 5:47pm
Quoting emmanuel7788
{quote} cigarguy, innovative ... and helpful. Thanks! regards, EMMANUEL
Emmanuel7788,

Your welcome. Traders helping traders....

Regards,
Cigarguy
Keep It Simple
  • #29,491
  • Jan 19, 2014 5:48pm Jan 19, 2014 5:48pm
Week 04 - 20 to 24 Jan:

Corporate earnings results will leak this week. Big names corporations stocks will see investors attention. Stock market expect some volatility.
So we should see volatility in forex too and be prepared when we trade TMS this week.
Learn to take some losses.
Have a Plan A and a Plan B.
You have one last chance with a Plan C.

Have a Good Trading Week!

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,492
  • Jan 19, 2014 6:04pm Jan 19, 2014 6:04pm
How will you handle trades through Monday this week with the USD banking holiday? Volume will be lower but do you avoid trading Monday especially for USD trades? Or just accept that volume will be lighter than other days and keep trading the TMS signals and entries?
  • #29,493
  • Jan 19, 2014 6:14pm Jan 19, 2014 6:14pm
Quoting shoktrader
How will you handle trades through Monday this week with the USD banking holiday? Volume will be lower but do you avoid trading Monday especially for USD trades? Or just accept that volume will be lighter than other days and keep trading the TMS signals and entries?

US Bank holiday - NY will not open at GMT1300, liquidity will be in question. So we can trade the entire European session until GMT1600, London close hour.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,494
  • Jan 19, 2014 6:20pm Jan 19, 2014 6:20pm
GBPCAD H4 week 04:

There appears what looks like a toppisch triple top near 1.8030 after the recent rally from 1.7530

I wait to see a break low

Trade Well.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,495
  • Jan 19, 2014 6:39pm Jan 19, 2014 6:39pm
Nice start to the week 40 pips on EJ after Tok open break low of Fridays low.

Im sure Phx, Lastingwell, Imi and others took this.

Exit was due to 4hr support on the orange line, just so happened to be a rounded 40 pips.
Attached Image (click to enlarge)
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  • #29,496
  • Jan 19, 2014 6:54pm Jan 19, 2014 6:54pm
Hi Arete,
Yes I did take this trade , when the last H1 candle closed before TOK open there wasn't a cross on the TDI,
I switched to m5 timeframe and entered when the first candle closed below previous day low (blue line)
exited as price bounced off previous week low (yellowgreen line) +30
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Greenshot_2014-01-19_19-42-50EJM5.png Size: 32 KB
If you're going through hell, keep going. Winston Churchill
  • #29,497
  • Jan 19, 2014 7:29pm Jan 19, 2014 7:29pm
UJ week 04 add-on trade:

Attached Image (click to enlarge)
Click to Enlarge Name: UJ week 04 H4 add-on trade.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,498
  • Jan 19, 2014 7:29pm Jan 19, 2014 7:29pm
EurCad week 04 H4 trade:


Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 04 4H trade 20 Jan.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,499
  • Jan 19, 2014 8:25pm Jan 19, 2014 8:25pm
Hi imi & Arete,

This is my EURJPY h1 trade today.I got +50 pip
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h1-fx-central-clearing.png Size: 44 KB
Helanka
  • #29,500
  • Jan 19, 2014 8:51pm Jan 19, 2014 8:51pm
Same here.
Attached Image (click to enlarge)
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