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Trading Made Simple

  • #31,261
  • Feb 20, 2014 5:32pm Feb 20, 2014 5:32pm
Quoting Greenb
just entered into short AU. TDI crossed down, good momentum on the previous bar. lets see how it goes eh {image}
Good one as i see it now.

I missed this H1 boat. No excuse, I was not watching and am busy writing in this forum.
That thing happen again at my VPS... re-started again.

Now I have to wait on H4 and see what shows up later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,262
  • Feb 20, 2014 5:42pm Feb 20, 2014 5:42pm
Quoting TheDDReport
I was wondering what you thought of this USDJPY set up forming. Is this a good buy signal forming? if so where would you place your TP? The second red line or the 3rd? {image}

Hi The DDReport,

since you have three red line for TP, lets do an exerecise here using this UJ H1.

Look back to the previouseD highs. You can draw a trendline connecting the highs and we see a break above the trendline formed by 18 and 19 D highs.

Next we, look at the TDI. Where were the last time when there was resistance on your price chart and which level of the TDI did this occur. Remember that particular TDI level, and now we follow the price action and see if there will be a new reistance level and a reversal at that new resistance level with referenceing the TDI movements.

This is realtime chartist work and no hindsight until we see few days later. We shall see when things evolve.


Good Trading goung forward.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,263
  • Feb 20, 2014 5:43pm Feb 20, 2014 5:43pm
Quoting TheDDReport
I was wondering what you thought of this USDJPY set up forming. Is this a good buy signal forming? if so where would you place your TP? The second red line or the 3rd? {image}

Hi The DDReport,

since you have three red line for TP, lets do an exerecise here using this UJ H1.

Look back to the previouseD highs. You can draw a trendline connecting the highs and we see a break above the trendline formed by 18 and 19 D highs.

Next we, look at the TDI. Where were the last time when there was resistance on your price chart and which level of the TDI did this occur. Remember that particular TDI level, and now we follow the price action and see if there will be a new reistance level and a reversal at that new resistance level with referenceing the TDI movements.

This is realtime chartist work and no hindsight until we see few days later. We shall see when things evolve.


Good Trading going forward.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,264
  • Feb 20, 2014 5:51pm Feb 20, 2014 5:51pm
Quoting emmanuel7788
{quote} Good one as i see it now. I missed this H1 boat. No excuse, I was not watching and am busy writing in this forum. That thing happen again at my VPS... re-started again. Now I have to wait on H4 and see what shows up later.
welllll....there is this possibilities that this may happen in UJ too..assuming the candle close nicely. the downside...straight into support.
What do you think emmanuel?
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Daniel
  • #31,265
  • Feb 20, 2014 7:06pm Feb 20, 2014 7:06pm
I'm starting to think AU is continuing up, but no decisions yet. It looks like the trendline is holding so far and its retracing and testing a previous S/R area. Also higher time frame daily and weekly TDI is showing divergence. Just a thought.

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  • #31,266
  • Feb 20, 2014 8:22pm Feb 20, 2014 8:22pm
Quoting Flaviu1981
{quote} Can you give me a link to this PDF of PHx62 please? There are so many and I don't know to which of them do you refer!
Read Phx6 study III, scroll down to page 41 and there you will find about these reversal pattern and that they are high probability setup when occurring with TDI cross out of over bought or sold zones

Thanks lastingwell for helping out
I Have Learned to Take Some Losses to Make Profits
  • #31,267
  • Feb 20, 2014 8:46pm Feb 20, 2014 8:46pm
Quoting Greenb
{quote} welllll....there is this possibilities that this may happen in UJ too..assuming the candle close nicely. the downside...straight into support. What do you think emmanuel? {image}

Looking at it now after Tokyo morning session is over, I see H4 stop at the Prev W Fib 50%. With that last H4 looking rather bearish and TDI is pointing downwards and below the MBL, I would be looking for a H4 sell, but I will look for a low TF entry wot get that better price and smalle initial SL. It is Friday, so small trades in lower TF is good.

Those MTF entries by Bizzle and Lastingwell are good to pick up some lessons from. But I would prefer M15 and PAC entrioes, visually much easier to place stops, also from the time I learn from the LE1 M15 thread. There are good trade setups using M15 Arjun candle. M5 is too fast for this old fox.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,268
  • Feb 20, 2014 8:58pm Feb 20, 2014 8:58pm
UJ H1 outlook with PA and TDI:

Just managed to get my MT4 up and running again in my VPS.

Here is what I meant with my post above replying to The DDReport.
There is a Historical swing level 102.48 (RN 102.50) and we see a Master Candle consolidation, so there is potentia breakout opportunity.
I see a move higher until we look at waht the PA and the TDi will show us later on.

This is one of the tips I picked up reading John Hayden's book- RSi: the Complete Guide.
It's Friday, so UJ weekly raneg is exhausted and unless we se strong Yen selling, I have some doubt it will go far. Anyway, we let the market decide the upside, we look after our downside.

As traders, we know what we know. We also know what we do not know. That is more important than just knowing what we know. What we do not know, we need to study and learn.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ H1 week 08 21 Feb TOK.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,269
  • Feb 20, 2014 10:29pm Feb 20, 2014 10:29pm
Quoting emmanuel7788
{quote} Hi Phx62, As usual awesome trades. I have tried using the SHI Chanel indicators during the X-Man S3 trading days but did not find that to be consistent as it re-paints. I have a few questions on the channel you use and I'll try to re-code the SHI Channel indicator to draw the channels using a certain technique perhaps following your way in doing this. Looking at your chart posted, {image} 1) The channel seen as on 20 Feb, when was the last time this three channel lines were re-drawn. 2) How do you determine when and how the three channel...
First, let me state, this unproven method is not for newbies or traders without a proven trading plan. It is also NOT a part of the Trading Made Simple system. I am simply answering the questions presented to me by Emmanuel.
I tried the Shi Channel indicator but had the same problems as you. I have a friend who trades channels and he has been after me to try them. Then I got an invitation by e-mail to listen to a trader named Scott Barkley who has developed a plan to trade to targets within channels, so I attended a weeks worth of his free training online. I was able to pick up some pointers from him but I did not sign up to his program. There is a video on U-Tube titled Endeavor Trends Review with Scott Barkley that gives an overall view of his trading system. You should be able to Google it.
Here is what I have determined so far:
1. Draw the channel on the H4 chart.
2. Three points must connect or touch the channel line to become a good trading channel. If you can't get 3 touches, you don't have a good trend.
3. I am still searching for a channel indicator where I can set the parameters, including the center line. Right now, I am using the Equidistant Channel found in the MT4 and then adding the centerline myself, after locating the necessary points.
4. The centerline must prove the channel by having price bounce or consolidate at that area. From there I determine the other side of the channel.
5. The channel must angle at near 45 degrees and if set up correctly, it will usually sustain 5 waves before breaking out.
6. According to Mr. Barkley, when price bounces off the outside channel line, 80% of the time it gets back to the center line. Based on my short week of testing, that appears to be fairly accurate.
There are lots of other things I am testing and learning but they are all theory right now. The video explains the basics. Based on this week, there seems to be some merit to how Mr. Barkley uses channels....time and testing will determine how it will fit into my trading plan. I am very satisfied with the TMS plan but was looking for a way to set some profit targets that could be hit on a regular basis.
Hope this answers the questions.
  • #31,270
  • Feb 20, 2014 10:40pm Feb 20, 2014 10:40pm
Quoting Phx62
Attached are my trades for the week on EUR/AUD H1. As I stated before, nothing has changed with my trading except that I am experimenting with using channels to set targets instead of entering with a fixed target of 50 or 100 pips. Everything else in my trading plan remains the same with price action and TMS trading. The channel you see on the chart is just the one I used for the last couple of trades. There were other channels before that I removed as the week went along because they become obsolete. Still testing but the results this week were...
Wow just as I thought you were the perfect trading machine....

Thank you for sharing
  • #31,271
  • Feb 20, 2014 11:04pm Feb 20, 2014 11:04pm
Dear Emmanuel ,

I hope you haven't forget about my request.
By the way Phx62 thank you for sharing the results are impressive. I have also one question you said that according to channels you set targets and what about SL ?

Regards ,

Alex
  • #31,272
  • Feb 20, 2014 11:04pm Feb 20, 2014 11:04pm
Quoting Phx62
{quote} First, let me state, this unproven method is not for newbies or traders without a proven trading plan. It is also NOT a part of the Trading Made Simple system. I am simply answering the questions presented to me by Emmanuel. I tried the Shi Channel indicator but had the same problems as you. I have a friend who trades channels and he has been after me to try them. Then I got an invitation by e-mail to listen to a trader named Scott Barkley who has developed a plan to trade to targets within channels, so I attended a weeks worth of his free...

Phx62,

Thank you very much for your post reply and the Scott Barkley connection. I found those youtube videos and will watch them this weekend.

I am also doing some development with my team using a dynamic channel on the price charts by replicating the TDI MBL on price chart. So far the results to spot levels for reversal and target levels are very good. We use a combination of the makrte volatility and traded range. The indicator is almost finished but with the MT4 new build600 above, we now look at TradeStation II as the preferred platform instead.

Best regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,273
  • Feb 20, 2014 11:09pm Feb 20, 2014 11:09pm
Quoting alex8585
Dear Emmanuel , I hope you haven't forget about my request. By the way Phx62 thank you for sharing the results are impressive. I have also one question you said that according to channels you set targets and what about SL ? Regards , Alex

Hi Alex,

No I have not forgotten. I had to disuss with a few active TMS traders in my team and we will find a way to help some people in the same situation like you. It is for those traders who wants to trade only once a day. I am preparing a separare word document because the FF editor is not working nice and I get problems when I type a long post reply. I will PM you later with my email and we can communciate separately using emails instead of using this TMS thread.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,274
  • Feb 20, 2014 11:13pm Feb 20, 2014 11:13pm
Quoting emmanuel7788
UJ H1 outlook with PA and TDI: Just managed to get my MT4 up and running again in my VPS. Here is what I meant with my post above replying to The DDReport. There is a Historical swing level 102.48 (RN 102.50) and we see a Master Candle consolidation, so there is potentia breakout opportunity. I see a move higher until we look at waht the PA and the TDi will show us later on. This is one of the tips I picked up reading John Hayden's book- RSi: the Complete Guide. It's Friday, so UJ weekly raneg is exhausted and unless we se strong Yen selling, I...

UJ running up nicely. I like what I see on my H1 chart. The MC breakout altready happended with the last H1 candle.
So now we start looking for price action reversal setups which the TDI will confirm for us.
102.72 is in sight, any early bearish move before that will be short term pull back only until I see a higher TF reversal setup. H4 and D is where I will look.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ H1 update 21 Feb FO.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,275
  • Feb 20, 2014 11:30pm Feb 20, 2014 11:30pm
This post is specially for FF member Nellycopter currently on suspension.

Read my posts in real-time and learn to follow the market in real-time when I post.
It is real-time and no bullshit hindsight stuff the way you imagine.
When other members post their trades after they closed them, you can also learn from those trades. It is like back-testing.
I post my trades in real-time market. Once a week, I post at minimum one winning trade live here and share how I manage my trades in real-time market.

Hope the current cooling off period will help you come to good sense. While you are still in the cooling off period, continue to read all of Phx62 pdfs and learn from those pdfs.
In the meantime, I went back and read all your 124 posts and those attached 13 charts images, I see you have not setup you our charts to trade TMS in its original format. You have added may other stuff on your charts and that cloud your judgment.
I like that multi-charts you posted. Learn using that multi-charts and see the multi timeframe analysis and do the reconciliation in the price action in various timeframes.
You come back and shout that slogan ‘keep it simple’ like regular chant but first you need to show us and share with us some trades and how you make it simple that have worked for you.

Take care.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,276
  • Feb 20, 2014 11:38pm Feb 20, 2014 11:38pm
thank you very much for your quick responce.

I just wanted to add that i can see charts live on this site http://www.fxstreet.com/rates-charts/live-charts/ but i can't have TDI and PA candels on my chart and main problem is that i can't open positions. Because i at my job's pc i can't install any software. Even now that i writing is forbiden according to policy of the company. But my interest for the markets is overcoming any policy.

And again thank you sooooooo much i think that i can't express in words how thankful i am.

Regards ,
Alex
  • #31,277
  • Feb 20, 2014 11:40pm Feb 20, 2014 11:40pm
Quoting emmanuel7788
{quote} Phx62, Thank you very much for your post reply and the Scott Barkley connection. I found those youtube videos and will watch them this weekend. I am also doing some development with my team using a dynamic channel on the price charts by replicating the TDI MBL on price chart. So far the results to spot levels for reversal and target levels are very good. We use a combination of the makrte volatility and traded range. The indicator is almost finished but with the MT4 new build600 above, we now look at TradeStation II as the preferred platform...
Hello for all,
emmanuel7788 could you please tell us more about indi which you spoke (may be some pictures)
thanks in advance
  • #31,278
  • Feb 20, 2014 11:48pm Feb 20, 2014 11:48pm
Quoting alex8585
thank you very much for your quick responce. I just wanted to add that i can see charts live on this site http://www.fxstreet.com/rates-charts/live-charts/ but i can't have TDI and PA candels on my chart and main problem is that i can't open positions. Because i at my job's pc i can't install any software. Even now that i writing is forbiden according to policy of the company. But my interest for the markets is overcoming any policy. And again thank you sooooooo much i think that i can't express in words how thankful i am. Regards , Alex...

Alex,

At the moment, just follow your company policy and not look at forex charts online.
If you have a live account broker, use their mobile trading platform to access you trading account to see live charts.
I just PM you and my team and I, we will work a solution for you. That's my commitment as a new project for this year.
Let's take this matter offline from this thread from now. But you can post your TMS charts in this thread and everyone can share their thoughts and help.

Regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,279
  • Feb 20, 2014 11:55pm Feb 20, 2014 11:55pm
Quoting Run
{quote} Hello for all, emmanuel7788 could you please tell us more about indi which you spoke (may be some pictures) thanks in advance

Hi Run,

since you asked, here is a sneak peek at the first prototype of what I call TMS MBL channel on chart.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ H1 with TMS MBL channel.png Size: 71 KB


regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,280
  • Feb 21, 2014 12:04am Feb 21, 2014 12:04am
hello theScorps I will love to trade the PCRF JUST LIKE PHX DOES BUT YOU KNOW AM FINDING IT DIFFICULT TO IDENTIFY IT CAN YOU PLEASE HELP ME I HAVE READ THE PDF BUT YET TO IDENTIFY THE PCRF ON CHART PLS CAN ANY OF THE EXPERT HERE HELP.ALHOUGH MY TRADE AND ENTRY HAS IMPROVE BUT I NEED TO DO MORE THANKS TO ALL THE PROS IN THE HOUSE




Quoting TheScorpS
{quote} Exactly PRCP, I was just scrolling PHx62 pdfs and saw the post on the best trades is taken following PRCP like Morning Star or Pullback Candle with cross of TDI and TDI coming out of overbought, just as I finished reading this , half an hour later came to trading and saw exactly the setup phx62 talked about, so entered and it worked Also EJ has just finished ABCD pattern, where we look for buys signal confirmed by TDI which helped in this case, TP is taken slightly below 61.8 from whole move up to today down move Since I post on both thread...
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