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Trading Made Simple

  • #29,841
  • Jan 25, 2014 11:09pm Jan 25, 2014 11:09pm
Quoting emmanuel7788
{quote} MT4 Build 574: No worries. We will not have any problem Trading Made Simple here with new builds.
Dear Emmanuel,

Will This MT4 changes effect to our personal MT4 platform, TDI & other indicators ?

Helanka
Helanka
  • #29,842
  • Jan 26, 2014 12:38am Jan 26, 2014 12:38am
Quoting emmanuel7788
{quote} That 3-bar pattern had an IB in there. So we trade that IB breakout with TDI confirmation. Those 3-bars arrows are actually 3-bars BEARISH patterns which we can trade with TDI cross or 4-6 as confirmation. There is a H - L > HH - HL > LH -LL. These will add to the pdf Three Powerful Forex Price Patterns whcih I am working on right now. See updated chart below. {image}
Out of the 3 powerful forex price patterns (PFPP)which are included in the ebook now (OVB, IVB and BOB), which ones do you find occur the most? I'm trying to focus on one type of PFPP at a time because i don't want to get too confused on information overload. Just recently learned the PCRF method and getting a hang of it, so need to add more knowledge to my arsenal.
  • #29,843
  • Jan 26, 2014 3:16am Jan 26, 2014 3:16am
Quoting plateau
{quote} Out of the 3 powerful forex price patterns (PFPP)which are included in the ebook now (OVB, IVB and BOB), which ones do you find occur the most? I'm trying to focus on one type of PFPP at a time because i don't want to get too confused on information overload. Just recently learned the PCRF method and getting a hang of it, so need to add more knowledge to my arsenal.
Hi plateau,

Statistically, inside bars IB have more occurences than outside bars OB. But we must not take Inside Bar trading in isolation. We must look at the overall price action on our charts. Inside bar are price contraction and Outside Bar are price expansion. The combination of OBs and IBs in chart patterns are usually good signs of emerging breakaway trending moves. I prefer to look at H4 and D for these IBs and OBs.

See an post post #16,421 for more information on IBs and nr4IBs.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,844
  • Jan 26, 2014 3:24am Jan 26, 2014 3:24am
Quoting Helanka
{quote} Dear Emmanuel, Will This MT4 changes effect to our personal MT4 platform, TDI & other indicators ? Helanka

Helanka,

There will be new additions to the MT4 terminal in your installed platform.
But TMS uses only 2 indicators - the APB / HA and the TDI. Anyway, the TDI uses the standard RSI data.
Anyway, keep an eye when you start your pMT4 platform in Feb. If there is a prompt to run update, just cancel that and don't allow the update for a couiple of weeks and read the FF for other traders feedback.
I don't foresee any major disaster happening here in TMS trading.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,845
  • Jan 26, 2014 3:31am Jan 26, 2014 3:31am
Synergy Average Price Bar:

Hi folks,

I keep getting PM from people asking about why they cannot change the colours and width of the APB candle.

This has been answere many times in this thread.

Please go to post #28,543 where I posted two versions - Synergy APB and HeikenAshi_DM, which allows you to make changes to the properties and retains its values even after you refresh your charts.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,846
  • Edited 5:44am Jan 26, 2014 5:33am | Edited 5:44am
Quoting emmanuel7788
{quote} MT4 Build 574: No worries. We will not have any problem Trading Made Simple here with new builds.
Not a worry....just a traders MT4 PLATFORM HEADS UP as posted!
Keep It Simple
  • #29,847
  • Jan 26, 2014 5:40am Jan 26, 2014 5:40am
XAUUSD week 05:

Gold has been rising since this new year and ranging upwards. Last week tested a W1 resistance and pulled back a little.
TDi shows 3 peaks and despite the last divergence, it rallied stronger last week. There is possible @1261 should price retrace early next week.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD week 05 D view.png Size: 52 KB


Trade Well!

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,848
  • Jan 26, 2014 5:41am Jan 26, 2014 5:41am
Dear Emmanuel ,

I have couple of questions. Because of my work i can only trade on daily charts in order to check once a day for 15 minutes charts but unfortunately the time i can do it it is not when the daily bar is opening or closing but in the middle of the day. I know that is my difficulties and you should not consider on that but according to what i described do you believe that i can still trade the system that is described here or not. If yes please provide me with some basic advises how to use it of course i am not expecting you to walk me through holding my hand to trading but i am just i bit confused how to apply it according to my schedule and if it is possible at all or it requires at least to check charts 3-4 times periodically.
Thank you for your efforts for helping people and i am not writing this comment to get positive answer , i truly believe that is remarkable to help people if you can.

Regards ,
Alex
  • #29,849
  • Jan 26, 2014 5:42am Jan 26, 2014 5:42am
Quoting cigarguy
{quote} Not a worry....just a traders MT4 PLATFORM HEADS UP!

I ran Beta version for a week, quite nice for those who are famailiar with MT5.
Developers will have some new business to do.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,850
  • Jan 26, 2014 5:43am Jan 26, 2014 5:43am
Quoting heispark
Weekend killing time video from Steve Nison.... http://youtu.be/VKtGeZUjLWo http://youtu.be/nL0vMJ-pNXU

Just am aside technical note:

If you want to keep these videos to your arsenal, you can just add "ss" to the youtube link and downloaded it to you PC.

example: www.youtubehkhjj.iuiuhui.. whatever, becomes like www.ssyoutubehkhjj.iuiuhui..

when a new comes up.. just select whatever file type you like to keep.
Attached Image (click to enlarge)
Click to Enlarge Name: Free_Download_Videos_from_Youtube_G.jpg Size: 102 KB
  • #29,851
  • Edited 10:58am Jan 26, 2014 7:36am | Edited 10:58am
Quoting Direwolf
Hi I have a question. Doing back test and I'm curious about this set up on 1 August 2013 EURJPY, H1, 1 Aug 2013 {image} This bear candle I marked. In my test I'd enter short and got full loss. It looks like a reversal pattern, LO candle, TDI hooked down, next candle HA changed color to red. What would be the clue to stay out of this trade for you?

It's fine to take it short on the live bar but the get out is exactly where the bar in your picture closed and no more. If you entered after the bar closed then you'd take a hit - the bar did not break through the near term demand level.
There's only 2 ways to trade: breakouts (the long from supply was the breakout), and retracements (the short momentum you saw back into the breakout). Unless price goes past the point of the breakout wiping out stops in both directions, there is no longer term short position being validated (i.e. kill the last man long) and you get out for a quick scalp. Price travels from entries to exits and from exits to entries, just be aware of who is entering and exiting and where. Does it work every time? No. But it works often enough to be profitable.
If you want to hold anything on the next TF up you have to see the 'last man in' on the shorter TF lose. i.e. on the run up to your H1 short smaller TF demand levels were overcome by larger selling pressure.
Same deal on the GU chart I posted showing the big H4 bar short trade - it's not just a trade based on the H4 chart and H4 TDI. What's going on is that the last trades to get long in to what they think is the trend on the shorter timeframes (see my lines drawn on H1) are overcome by momentum which is apparent on the H4 chart - the momentum is large enough for the H4 TDI to register it: enter.
Likewise on your H1 short - drop to the shorter TFs and see where near term demand levels were broken through...but you've got to be aware of where the exit might be - in your case you were trading straight into a long breakout zone apparent on the H1 chart which may or may not hold but if you got in earlier and were taking the risk of holding the position, at least you'd be able to get out for b/e or a small loss rather than taking the full hit you took. Price was not going any further south until that demand level was broken.
  • #29,852
  • Jan 26, 2014 8:52am Jan 26, 2014 8:52am
Quoting emmanuel7788
{quote} Hi plateau, Statistically, inside bars IB have more occurences than outside bars OB. But we must not take Inside Bar trading in isolation. We must look at the overall price action on our charts. Inside bar are price contraction and Outside Bar are price expansion. The combination of OBs and IBs in chart patterns are usually good signs of emerging breakaway trending moves. I prefer to look at H4 and D for these IBs and OBs. See an post post #16,421 for more information...
So it's better to look for IBs/OBs at 4hr charts at least right? Will look at the link you posted for more info. As for PCRFs, i reckon that it's still best to keep these to 1hr right? Thanks in advance for the great info and education.
  • #29,853
  • Jan 26, 2014 9:06am Jan 26, 2014 9:06am
http://charts.mql5.com/3/621/audusds...fx-fx-cfds.png

Hi All,

This was last Sundays plan for AUDUSD, where do we see it going next week?

0.85500? 0.8400?

Regards

Adam
  • #29,854
  • Jan 26, 2014 1:20pm Jan 26, 2014 1:20pm
Hello traders,

For the E/J pair i am trying to do my big picture. Could you please take a look at my picture and my MN points ?
I just draw the points for the area where the price is now.

My points are: 141.800 ; 140.470 ; 139,240 ; 141.170 ; 139.610 ; 138.110 ; 143.720 ; 144.840 ; 142.520

Here is my chart:
Attached Image (click to enlarge)
Click to Enlarge Name: Big picture for FF.png Size: 46 KB
  • #29,855
  • Jan 26, 2014 2:13pm Jan 26, 2014 2:13pm
Hi there Emmanuel!!!!!.... I having been demoing and testing TMS method. Could you briefly explain about Falling knife trades....


Just being a little curious

Thanks
  • #29,856
  • Jan 26, 2014 4:46pm Jan 26, 2014 4:46pm
Quoting Fx94
Hello traders, For the E/J pair i am trying to do my big picture. Could you please take a look at my picture and my MN points ? I just draw the points for the area where the price is now. My points are: 141.800 ; 140.470 ; 139,240 ; 141.170 ; 139.610 ; 138.110 ; 143.720 ; 144.840 ; 142.520 Here is my chart: {image}

Fx94:

I have done mine the same way.
Those are MN price swing levels, so when we see them on lower timeframes like D and H4, the price action may trade around these lines +/= 50pips to 100pips for this pair. We look for CONFLUENCE of other support and resistance around these levels and also recent support and resistance on D chart.
Trading the H4 charts, I will also look at the Weekly Open level, and the Prev Week OHLC and Fib-r 50%.
The Fib-r 50% is a common level where we look for selling aciivity.
We should expect profit taking today and sellers tightening stops above thereforem price may retrace upwards but no reversal unless we see a strong PA.

Trade Well.

EMMANUEL

Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 05 D view.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,857
  • Jan 26, 2014 4:55pm Jan 26, 2014 4:55pm
Quoting adamjhdavis
{image} Hi All, This was last Sundays plan for AUDUSD, where do we see it going next week? 0.85500? 0.8400? Regards Adam

Hi Adam,

Sadly, more downside for AU this week.
The last two weeks traded range has increase from the average 100-weeks traded range of about 210 pips. With this increase in trading range, we can expect some volatility for 4H swing trades.
Today 27 Jan is holiday DownUnder but there are other factors which may move AU early week.

Trade Well.

EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: AU week 05 Big Picture.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,858
  • Jan 26, 2014 5:00pm Jan 26, 2014 5:00pm
EU week 05:

Too late to Buy.
Too early to Sell.

Attached Image (click to enlarge)
Click to Enlarge Name: EU week 05..png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,859
  • Edited 6:42pm Jan 26, 2014 5:48pm | Edited 6:42pm
Quoting alex8585
Dear Emmanuel , I have couple of questions. Because of my work i can only trade on daily charts in order to check once a day for 15 minutes charts but unfortunately the time i can do it it is not when the daily bar is opening or closing but in the middle of the day. I know that is my difficulties and you should not consider on that but according to what i described do you believe that i can still trade the system that is described here or not. If yes please provide me with some basic advises how to use it of course i am not expecting you to walk...

Hi Alex,

I am sure many people are in the same situation you are in. Having a fulltime day job and looking to retail forex trading for a supplement income.
A few members asked me and I have given each one my suggestions based on individual situations which differs greatly.
Living in different time zones make a great difference when we consider to trade higher timeframes like using the D chart.
When I started many years ago trading D chart, I had to make some adjustments to my lifestyle and that requires discipline and commitment.
For a start, we must always treat trading as a business therefore must have a business plan with SMART goals.
Trading the D chart does not necessary mean you open trades using D chart only. You first determine the hours when you will be available to look at the market. These hours may not coincide with the D chart open and close times. Like me, I trade 4H period which does not mean I trade looking at H4 charts. I look for TMS setups on H4 charts but I will stay online and wait for entries in H1 and sometimes M15 timeframes.
Why not consider trading the 6H or 8H periods. You look at the charts at every 6-hour or 8-hour intervals whichever suits your lifestyle. You still look at the same charts with different timeframes MN, W1, D1, H4 , etc. I tried the 8-hour cycle becasue one of my broker offers H8 chart but I went back to 4H cycle as it became H4 chart became a habit.
London market session is the most liquid and in my opinion the best for market entries for the EUR and GBP crosses. Entries and Exits will be different and by using the risk percentage model, that will work out.
Also you can consider the Multiple Entries / Multiple Exits money management strategy which will help in breakaway trend and ride on with 'Let Profit Run' management. You need to look at more currency pairs other than the USD majors. I trade also the EUR and GBP crosses using higher timeframes.

Hope this help.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,860
  • Jan 26, 2014 6:20pm Jan 26, 2014 6:20pm
Quoting Fx94
Hello traders, For the E/J pair i am trying to do my big picture. Could you please take a look at my picture and my MN points ? I just draw the points for the area where the price is now. My points are: 141.800 ; 140.470 ; 139,240 ; 141.170 ; 139.610 ; 138.110 ; 143.720 ; 144.840 ; 142.520 Here is my chart: {image}

Nice NY open, gap down to RN 139.50 and bounce off 139.61 .. quick pips gap filling.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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