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Trading Made Simple

  • #31,281
  • Feb 21, 2014 2:13am Feb 21, 2014 2:13am
Hi, Emmanual7788!
pls, remind DATA of Channel ( MA ) on Your Chart. Thanks.
  • #31,282
  • Feb 21, 2014 2:17am Feb 21, 2014 2:17am
PCRF H1 example,

The current LO candle is only 16mins, with another 44mins to close...

Attached Image (click to enlarge)
Click to Enlarge Name: UJ H1 PCRF example.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,283
  • Feb 21, 2014 3:00am Feb 21, 2014 3:00am
Quoting TheScorpS
{quote} 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
Hi TheScopS,

I looked for the Phx6 pdf but couldn't find it. I would appreciate if anyone can upload it here.

Regards
  • #31,284
  • Feb 21, 2014 3:08am Feb 21, 2014 3:08am
Quoting MrAussieFX
{quote} Hi TheScopS, I looked for the Phx6 pdf but couldn't find it. I would appreciate if anyone can upload it here. Regards

here self service:

Attached Image (click to enlarge)
Click to Enlarge Name: FF paper clip Phx62.png Size: 122 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,285
  • Feb 21, 2014 3:38am Feb 21, 2014 3:38am
Quoting emmanuel7788
{quote} here self service: {image}
Thanks, I'd only managed to find one PDF! Some great weekend reading ahead methinks!
  • #31,286
  • Feb 21, 2014 3:49am Feb 21, 2014 3:49am
Quoting emmanuel7788
{quote} here self service: {image}
Thanks BigEM, found it.

regards
  • #31,287
  • Feb 21, 2014 3:52am Feb 21, 2014 3:52am
Quoting emmanuel7788
PCRF H1 example, The current LO candle is only 16mins, with another 44mins to close... {image}
thank you so much sir but will need more example
  • #31,288
  • Feb 21, 2014 4:13am Feb 21, 2014 4:13am
Quoting 4Good
{quote} thank you so much sir but will need more example

You need to lok at more candlstick reversal patterns and adopt them when trading with TMS.

PCRF is just one tyoe which Phx62 is using from his massive experience here.

Here is a good website and you find lost of good learning material Romancing The Price

I just pick on two common reversal CSP, I put them onto UJ H1 chart below.

You dont need to learn so many CSP, just learn the 5 most common and frequently ocur ones.

You will see them and how the TDI is use to confirm these reversals.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ H1 example reversal CSP.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,289
  • Feb 21, 2014 4:18am Feb 21, 2014 4:18am
Quoting hostwey
{quote} Thanks, I'd only managed to find one PDF! Some great weekend reading ahead methinks!

When you read all fours pdfs I,II, III and IV put together by FF Member hupipko , we will see how Phx62 developed and improved his trade entries and exits.

And let's remember to thank hupipko for his effort to put all these posts into pdfs for us.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,290
  • Feb 21, 2014 4:39am Feb 21, 2014 4:39am
Quoting emmanuel7788
{quote} When you read all fours pdfs I,II, III and IV put together by FF Member hupipko , we will see how Phx62 developed and improved his trade entries and exits. And let's remember to thank hupipko for his effort to put all these posts into pdfs for us.
Bankers and market makers know these patterns too. We only make money if its in their interests too. Hence 'Big E's' reference to 'head fakes.' Nothing is certain in trading. The market is not always obliged to work technically.
  • #31,291
  • Feb 21, 2014 5:24am Feb 21, 2014 5:24am
Hello every1. Been here before learned TMS but got busy with some other stuff so couldnt continue. Im back now but my prob with TMS is I still dont know which Time frame I should stick to and manage my trades thereby. I had a EJpy loss cos of a trade I took on the 4hr yesterday. If Id followed the 1hr id have exited on time. also I entered too late so I know I didnt follow through with the rules. But I see a lot of modifications to the strategy since I was here last. Please can someone direct me to where I can learn all these new improvements and most importantly which time frame this works best in.
Thanks
  • #31,292
  • Feb 21, 2014 5:27am Feb 21, 2014 5:27am
Hello, very instructive here!
Attached Image (click to enlarge)
Click to Enlarge Name: pipware stochastics.jpg Size: 174 KB
Attached Image (click to enlarge)
Click to Enlarge Name: pipware stochastics.jpg Size: 174 KB

Looking to download pipware stochastics indicator. You have it please anyone? I can not find him anywhere to download.
Thank you.
  • #31,293
  • Feb 21, 2014 5:31am Feb 21, 2014 5:31am
Quoting wnabo
Hello every1. Been here before learned TMS but got busy with some other stuff so couldnt continue. Im back now but my prob with TMS is I still dont know which Time frame I should stick to and manage my trades thereby. I had a EJpy loss cos of a trade I took on the 4hr yesterday. If Id followed the 1hr id have exited on time. also I entered too late so I know I didnt follow through with the rules. But I see a lot of modifications to the strategy since I was here last. Please can someone direct me to where I can learn all these new improvements and...
Most of us just use realistic targets based on ADR, personally I don't manage anything it's either SL or TP for me. Once my trade is opened, I set my sl above a swing high or below a swing low and my target to 50-100 pips and I wait... Depending on the pair I lock b/e after 20 or 30 pips (where 30 is for more volatile pairs).

Whatever timeframe you trade, you need to keep an overall eye on PA... From a birds-eye (D1-W1 charts) to zooming in on the M15-M5 charts. Have to take many things into account before taking a trade Hope this helps at least a bit.
  • #31,294
  • Feb 21, 2014 5:39am Feb 21, 2014 5:39am
I,m looking to download ( pipware stochastics indicator ).
Can someone please help? I can not find it anywhere to download.
Thank you.
  • #31,295
  • Feb 21, 2014 5:45am Feb 21, 2014 5:45am
Quoting wnabo
Hello every1. Been here before learned TMS but got busy with some other stuff so couldnt continue. Im back now but my prob with TMS is I still dont know which Time frame I should stick to and manage my trades thereby. I had a EJpy loss cos of a trade I took on the 4hr yesterday. If Id followed the 1hr id have exited on time. also I entered too late so I know I didnt follow through with the rules. But I see a lot of modifications to the strategy since I was here last. Please can someone direct me to where I can learn all these new improvements and...
What time of day for your trade? I think a few on here made good money yesterday with GJ and EJ.

UJ looked good to go this morning, until I looked at M15. Candles noticeable weaker than yesterday however. After all its Friday.

I'm still reading through the thread, but start with higher time frames H4/D etc then micromanage more on the H1/M30/M15 depending on volatility and currency pair.
  • #31,296
  • Feb 21, 2014 5:49am Feb 21, 2014 5:49am
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...
Hi Phx62,

Thanks for sharing your trades, they are a good motive for everyone, I just wonder about your buy entry on 17th 2AM , is it a gap filling trade or you had any other reason ?
BTW : I can see that you moved on from EJ, are you applying the same trading plan from EJ to EA ?
Thanks
  • #31,297
  • Feb 21, 2014 5:54am Feb 21, 2014 5:54am
Quoting WDays
{quote} Most of us just use realistic targets based on ADR, personally I don't manage anything it's either SL or TP for me. Once my trade is opened, I set my sl above a swing high or below a swing low and my target to 50-100 pips and I wait... Depending on the pair I lock b/e after 20 or 30 pips (where 30 is for more volatile pairs). Whatever timeframe you trade, you need to keep an overall eye on PA... From a birds-eye (D1-W1 charts) to zooming in on the M15-M5 charts. Have to take many things into account before taking a trade Hope this helps...

Hello, WDays, as regards on what tf to trade best as raised by Wnabo, your reply is keep an eye on PA on D1-W1 Charts & M15-M5 Charts.
My question is, do you mean, that the candlesticks slope/gradient need to tally in both D1 and W1 Charts and that applys to M15, M5 Charts.
In peak trading sessions, it is possible that to get such similar patterns. Other times, not possible, hence, no trade entry. Is this what you mean, your confirmation is
appreciated, thanking you for your guidance. Happy trading, Bye.
  • #31,298
  • Feb 21, 2014 5:54am Feb 21, 2014 5:54am
Does anyone has a indicator like example on this picture? Indicate your actual symbol u play,equity, and total pips you earned or loss.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture.png Size: 91 KB
  • #31,299
  • Feb 21, 2014 6:08am Feb 21, 2014 6:08am
Quoting francis3388
{quote} Hello, WDays, as regards on what tf to trade best as raised by Wnabo, your reply is keep an eye on PA on D1-W1 Charts & M15-M5 Charts. My question is, do you mean, that the candlesticks slope/gradient need to tally in both D1 and W1 Charts and that applys to M15, M5 Charts. In peak trading sessions, it is possible that to get such similar patterns. Other times, not possible, hence, no trade entry. Is this what you mean, your confirmation is appreciated, thanking you for your guidance. Happy trading, Bye.
Hang on this is what I mean:

Quoting lastingwell
I had to login to wish wdays good luck with the new thread, a very good start, a friendly and relaxed place to post, very nice wdays I think your post about multi timeframe trades hit the nail on the head about the higher timeframes versus the lower. Many traders look at for example, the daily chart and see its going up so its an uptrend and thats that, today I'm buying. What a lot of them don't take into consideration is any clue that it could be about to turn. As you said, some days we can sell as equally as buy. I take candle patterns into...
Lastingwell said it better than I will ever be able to. About the lower timeframes, it's great to see your favorite setup on H1, but what about M5-M15? Has price been bouncing off a level 10 times now? Is there any reason I should reconsider taking this setup? Do m15 candles have long wicks (i.e is the market choppy)? In this case I will have to wait and see how it develops.

This week I took 2 trades solely off H1, with little to no regard for the smaller timeframes, just looking at the higher ones because that's imperative of course, and I took 1 trade using the good old MTF method as developped by LW and others. Guess which was a winner

People underestimate the utility of smaller timeframes, they think it's just noise, but it's not. It's not just a way to avoid drawdown as much as possible, it's just one more thing one needs to take into consideration before pulling the trigger.
  • #31,300
  • Feb 21, 2014 6:24am Feb 21, 2014 6:24am
pipware-stochastics.ex4 attached
Attached File(s)
File Type: ex4 pipware-stochastics.ex4   5 KB | 427 downloads
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