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Trading Made Simple

  • #31,021
  • Feb 18, 2014 7:18am Feb 18, 2014 7:18am
Quoting alfis
Can I check with you guys how do you manage your different charts for a pair? For example for Emmanuel I noticed you have a few different chart templates, 1 for ABP, another for candlesticks, one with all the S/R lines drawn in etc. Would love to hear how you'd go about plotting and managing your charts, thanks!

Alfis,

basically I make only one template with all the indicators I use and I set the Visualization to show them in certain timeftrame only.
every item you have on the chart can be set to show or not to show in difference TF.
the price can be display as Bar Chart, or Candlestick Chart of Line Chart. Just switch them whenever you want.

for each currency pair and saved that indiviudally becasue the manually drawn support and resistance are differnce.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,022
  • Feb 18, 2014 8:09am Feb 18, 2014 8:09am
After having some days off my H1-trades from this morning so far

EURJPY H1 short on FO thinking about a retracement of the upmove from asian session (in the night at my location)
But the trade seems not to go further than the reached 28 pips at the R2 and so I closed it half the way back.
=> +13

GBPUSD H1 short was a very nice phx62 textbook entry short on FO thinking of a move to the next S/R level about 50 pips away. trade.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2014-02-18 14.45 EURJPY GMT+1 - small profit.png Size: 127 KB
fxFox (all times in my charts are GMT+1)
  • #31,023
  • Feb 18, 2014 8:40am Feb 18, 2014 8:40am
Entered short on GBPUSD when price retraced back to the previous support. TDI bouncing downwards below 50 below MBL. Got stopped out -33 pips. Anything I should've been looking for?
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  • #31,024
  • Feb 18, 2014 8:48am Feb 18, 2014 8:48am
Hi
wow what a long thread and a good read, it took days to read through
Thanks for keeping the TMS idea alive and for showing how to advance trading using it.
cheers
  • #31,025
  • Edited 9:17am Feb 18, 2014 8:57am | Edited 9:17am
Quoting alfis
Entered short on GBPUSD when price retraced back to the previous support. TDI bouncing downwards below 50 below MBL. Got stopped out -33 pips. Anything I should've been looking for? {image}
All I can say is a lot of chop where price action meets 100 SMA on the Hourly chart. Also if you look at the Weekly its a hotly contended area, quite a few highs / reversals.
  • #31,026
  • Feb 18, 2014 9:58am Feb 18, 2014 9:58am
GJ 4 hour

Can see bearish divergence on the 4 hour, at the moment we are sitting between the 50-61.8 fib of this mornings move down!!!

Also the MBL is above 68 on the TDI...

Will we see a big sell off??

We will see....

Best of luck
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Give yourself a chance and trade it like it's layed out...
  • #31,027
  • Feb 18, 2014 10:04am Feb 18, 2014 10:04am
Quoting emmanuel7788
{quote} hi amirsaid, when eelfranz decided to start this trading made simple thread, it was for the sole purpose to discuss the 5-method only and that is the reason for this thread title trading made simple with the 5-method. I am not in the position to change that and out of respect for him, i don't think we should change that either. If anyone wants to learn the 21/233 method, he/she can do so and go back to the chs thread or start a new thread. I don't trade the 21/233 method because my cowabunga days are long over. I think tms or the 5-method...


thanks sir , understand sir
you are right
i am sorry for disturb
  • #31,028
  • Feb 18, 2014 10:58am Feb 18, 2014 10:58am
Quoting emmanuel7788
{quote} you should be in the market already .... or are you waiting?
Thank you Sir

i was little late...got out soon....due to inexperience...But your comments make me more confident....i will be more confident next time....
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Sad i'm not trying to understand PA
  • #31,029
  • Feb 18, 2014 10:59am Feb 18, 2014 10:59am
Quoting emmanuel7788
{quote} Nice EG trade, but there were other opportunities ...classic H4 type trades {image}
THANKS EMU
  • #31,030
  • Feb 18, 2014 11:06am Feb 18, 2014 11:06am
Anyone knows how to properly install pip value indicator from IBFX. The one EM was talking about few pages back. I tried but it says only for IBFX users. I am using FXCM. Below is Demo AAAFX

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Regards
  • #31,031
  • Feb 18, 2014 11:09am Feb 18, 2014 11:09am
HI

EUREUD

Counter trade?
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Sad i'm not trying to understand PA
  • #31,032
  • Feb 18, 2014 11:44am Feb 18, 2014 11:44am
Quoting emmanuel7788
EURNZD H4 trade 18 Feb. There is a D chart Master Candle 3 days ago. In H4 TF, is a nice BUOB candle setup confirm with TDI 12-2 bounce. {image}
Lately not too many setups happened in my timezone, and been taking some time away from the charts.
I spotted the same setup last night along with the D candles making HL in the past 4 days.
Took 130 pips at PWH ,before a retracement could happen. eu/nzd
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If you're going through hell, keep going. Winston Churchill
  • #31,033
  • Feb 18, 2014 12:20pm Feb 18, 2014 12:20pm
Hi guys, do you consider this a risky trade? (i took this before a big GBP release)
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  • #31,034
  • Feb 18, 2014 12:35pm Feb 18, 2014 12:35pm
Quoting MrAussieFX
{quote} Thanks hostwey, Could you please help me understand how to get the channel range on a particular pair. Regards
I think Big E referred to 'looking to your left' to look for previous areas of resistance (or supply and demand) before taking a trade as its better to trade away from these areas rather than into them, where there is more chance of chop and reversal. Below is one of my charts showing supply/demand which is not quite the same as support/resistance.
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  • #31,035
  • Feb 18, 2014 1:05pm Feb 18, 2014 1:05pm
Again GU short trade is taken today following AB=CD completion entering at point C selling the bearish engulfing candle with cross of TDI and MBL line sloping down and holding green line as resistance

Concern there was news, entry is taken 2 and half hour before news, but many times pair do move before news where stop can be set to BE before the news release and even with news release we can get pa to follow initiated entry direction which in today case it did and reached TP + 50 pips
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I Have Learned to Take Some Losses to Make Profits
  • #31,036
  • Feb 18, 2014 1:25pm Feb 18, 2014 1:25pm
Simulation March 2010 AUDUSD trial 1:
What a mess I made of it. All my technical analysis knowledge roared through my head. Instead of waiting for candles to close I reacted on movements when reaching "support" or "resistance". I think it is not an easy month to trade with TMS. But I will repeat it trying to take every TMS entry an "just see" what the result is.
Attached Image (click to enlarge)
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Posting Demo charts, mirroring some of them live.
  • #31,037
  • Feb 18, 2014 1:25pm Feb 18, 2014 1:25pm
Quoting TheScorpS
Again GU short trade is taken today following AB=CD completion entering at point C selling the bearish engulfing candle with cross of TDI and MBL line sloping down and holding green line as resistance Concern there was news, entry is taken 2 and half hour before news, but many times pair do move before news where stop can be set to BE before the news release and even with news release we can get pa to follow initiated entry direction which in today case it did and reached TP + 50 pips {image}
That's a good trade, many trades have been selling GU since two days and this is the right place where it should taken from.
Cheers.
  • #31,038
  • Feb 18, 2014 2:19pm Feb 18, 2014 2:19pm
Quoting forexpiet
Simulation March 2010 AUDUSD trial 1: What a mess I made of it. All my technical analysis knowledge roared through my head. Instead of waiting for candles to close I reacted on movements when reaching "support" or "resistance". I think it is not an easy month to trade with TMS. But I will repeat it trying to take every TMS entry an "just see" what the result is. {image}
Market does seem to be ranging. Not ideal for TMS.
  • #31,039
  • Edited 3:01pm Feb 18, 2014 2:43pm | Edited 3:01pm
Quoting hostwey
{quote} Market does seem to be ranging. Not ideal for TMS.
I knew, afterwards! Maybe bars are (too) small too. How to figure it out before taking too many (losing) trades in a market that is starting to range?
And the second try was even worse. Well, something to think about .....
Attached Image (click to enlarge)
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Posting Demo charts, mirroring some of them live.
  • #31,040
  • Feb 18, 2014 3:08pm Feb 18, 2014 3:08pm
Quoting emmanuel7788
{quote} Hey buster48, Okay, now I shall attempt to answer your questions. 1) The TDI 12-2 and 4-6 has nothing to do with real time clock. It is a reference we make using the analog clock face. See post #30,969 2) Yes, I had dropped the 5EMA shift+3 to make trade decisions simpler for myself. One less indicator, I have less in my trade setup checklist to answer. 3) Stochastics is an option when we want to make the 5-Method simpler. It is use only as another confirmation...
Thanks heaps for your reply emmanuel,unfortunately the link you posted no longer works,does anyone have a link for the TDI with market base lies and volatility bands they could post as 31000 posts is a bit long to trawl through,all other ones on the net seem to be dead ends ,thanks in advance.What happened to the late OP eelftanz,by the way?
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