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Trading Made Simple

  • #31,781
  • Mar 5, 2014 5:56pm Mar 5, 2014 5:56pm
Quoting emmanuel7788
{quote} as33156: Please post your charts and that would be clearer to see what you have on your charts. 3 / 5 winners is , ... do not overtrade. But I don't see any TMS H4 buy setups on GBPAUD and GBPNZD. Avoid trading when market is in consolidation and better to wait for a breakout. {image}


Thanks for the response emmanuel7788. I see that your chart has different indicators then mines. I take it im using an older version? Would you be able to upload that TMS or whatever indicator that is that shows you the numbers/lines? I thought...
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MAY THE PIPS BE WITH YOU!
  • #31,782
  • Mar 5, 2014 6:08pm Mar 5, 2014 6:08pm
Quoting as33156
{quote} {image} {image}

Yesterady, I posted on the use of the 5SMMA as the PAC Priec Action Channel and the TMS use of 5EMA shift+3.
Compare the two and learn the difference. You can trade Big E style, but you need to can read PA very well and follow his trading hours and trade in an aggressive manner the way Big E traded when he was alive. Or you can be less aggressive and use the PAC for entries and manage your trades.

Read post #31,746
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,783
  • Mar 5, 2014 6:16pm Mar 5, 2014 6:16pm
Quoting emmanuel7788
{quote} EA trade update: Slow moving but trend still intact. Move to a new TP and trailing using the PAC upper channel. {image}

EA trade update:

Taking some profit ahead of the Aussie Retails sales data release.
Protect remaining trade at PAC upper channel.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #31,784
  • Mar 5, 2014 6:30pm Mar 5, 2014 6:30pm
Quoting as33156
Hi Guys, Today my trades in gbpaud & gbpnzd were duds. I saw a signal at 8am (I know.. I know.. ;( so I went long on gbpaud. It then proceeded to do nothing but range 20 pips most against me for 8 hours till I closed it a few minutes when it just started tanking fast. I got in gbpnzd when it gave a signal at 12pm and it pretty much started doing nothing for 4 hours then started to tank like gbpaud. Did any others get into gbpnzd & gbpaud at the long signals today? I wondering how many others on here don't trade the nyc session? Should I not take...
I understand your frustration, there is nothing wrong with those pairs.

I have had the same happen, now I have the Gator Oscillator on my daily chart to detect volatility. There are other volatility indicators as well.

Another thing you can do is ensure that there is 'slope' to the price bars on the higher time frame.

Hopefully Emanuel can add to the subject of volatility
  • #31,785
  • Mar 5, 2014 7:30pm Mar 5, 2014 7:30pm
Quoting emmanuel7788
{quote} as33156: Please post your charts and that would be clearer to see what you have on your charts. 3 / 5 winners is , ... do not overtrade. But I don't see any TMS H4 buy setups on GBPAUD and GBPNZD. Avoid trading when market is in consolidation and better to wait for a breakout. {image} {image}

I see what you are saying about the gbpnzd & gbpaud being no goes. I would have looked at D1 I never would have took them. I just found your post where you warned ThinkPad123 about the look of those pairs. I just saw it too late lol. As for as PAC I put it on my charts and to be only it confuses me. TMS was cut and dry with the 5ma. Would mind showing me a perfect short trade Pac set up and a perfect long trade Pac set up? So I can use them as a guide.


If the Price Action is stuck between the PAC thats means take no trade until it breaks out of the channel either up or down with the crossing of the green & red?

Thanks so much for your help.
MAY THE PIPS BE WITH YOU!
  • #31,786
  • Mar 5, 2014 7:53pm Mar 5, 2014 7:53pm
Quoting Blaiserboy
{quote} I understand your frustration, there is nothing wrong with those pairs. I have had the same happen, now I have the Gator Oscillator on my daily chart to detect volatility. There are other volatility indicators as well. Another thing you can do is ensure that there is 'slope' to the price bars on the higher time frame. Hopefully Emanuel can add to the subject of volatility

Thanks for the info Blasierboy! Looking at higher time frames is a must I know now.
MAY THE PIPS BE WITH YOU!
  • #31,787
  • Mar 5, 2014 9:33pm Mar 5, 2014 9:33pm
Checked my chart and found EJ hit my target at 40 pips.

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Everything you can imagine, is real - Pablo Picasso
  • #31,788
  • Mar 5, 2014 9:35pm Mar 5, 2014 9:35pm
Awesome trade EMU!
Everything you can imagine, is real - Pablo Picasso
  • #31,789
  • Mar 5, 2014 10:35pm Mar 5, 2014 10:35pm
Took this long trade with AU. I was looking at the weekly TF and noticed an inverted head and shoulders pattern. I zoomed down to the daily TF and noticed with the APB candles turning blue and the sharp cross up of the TDI in the direction of the MBL, i entered upon the second blue candle. For now there's room to move up to the 100 and 200 EMA, so i haven't set a TP yet as i may want to let this one run. It it turns i will get stopped out, if it continues up, i will let it run until i see a significant change in the weekly trend. Of course if it moves enough in my favor i will move my SL to BE so it will be a risk free trade.

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  • #31,790
  • Mar 5, 2014 11:19pm Mar 5, 2014 11:19pm
Quoting WDays
{quote} I didn't intend to drive you away with my posts. I am sorry if it came out that way, it's just a way I would justify an entry at those places. I believe you have said it yourself, that a PCRF with no TDI cross is not valid and just may end up going sideways instead of the opposite direction. I may be wrong on that, I personally diverted my trading from the "classic" TMS as traded by a lot of you in this thread, simply because it didn't work as well for me, as it apparently did for you. I use a lot of M15 and even M5 in my trading, which...
WDays.....your posts DID NOT drive me away. I am sorry if that is the impression you got from my post. I appreciate all the responses on the thread and the PM's offering support and requesting that I continue to post. I have had a very busy week with my business, with an extensive number of business meetings with our suppliers. As a result, I have not even had the time to respond to the kind words written, until now.
After some careful consideration and based on Emmanuel's suggestions ("Hi Phx62:I think the members who are experienced traders and trading TMS knows the basic entry and exit rules will have little problem to follow your channel trades. Anyway, I find your use of channels to project price movements is a good approach and setting target profit using the channel is a proven method. It is how we view the price waves and how we draws the price channels. Perhaps you can explain more how you draw those channels. If your time permits, please may I suggest you post your chart at the beginning of the week with the channel drawn and as each day progresses, you post update as you make changes to the channels on your charts. This will help us to follow and have a better understanding how you look at your charts and determine the channel lines and when you update/change them."), I have decided to post the channels I am testing each week and at the end of the week, post trades I took based on those channels and TMS. I can tell you that I would not have many pips in the bank this week without the channels because I just did not have the time to monitor trades...the channel trades I made this week were set and forget trades.
Below is the EUR/AUD channel I have been using for the past 2 weeks. I have marked the channel points on the bottom of the channel and you can see that price made it back to the center line several times and with each bounce was a opportunity to enter long, in the direction of the trend. There was also an opportunity to enter short on a bounce off the center line but in a countertrend move that is not nearly as profitable. Scott claims that if you set up the channel correctly, you have an 80% chance of price getting back to the centerline on a trend trade. He also claims that countertrend trades only succeed about 20% of the time. On Wednesday, price broke out of that channel and began to form another channel, in a downtrend. I will post that new channel when I get some time. Happy trading to all....one more thing, channels are always drawn on the H4 time frame and entries can be made on the H1, M30, M15 or M5 time frames. I have had better success with H1 entries.
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  • #31,791
  • Mar 5, 2014 11:29pm Mar 5, 2014 11:29pm
Quoting Direwolf
Checked my chart and found EJ hit my target at 40 pips. {image}
Congretulations!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #31,792
  • Mar 5, 2014 11:37pm Mar 5, 2014 11:37pm
Quoting Phx62
{quote} WDays.....your posts DID NOT drive me away. I am sorry if that is the impression you got from my post. I appreciate all the responses on the thread and the PM's offering support and requesting that I continue to post. I have had a very busy week with my business, with an extensive number of business meetings with our suppliers. As a result, I have not even had the time to respond to the kind words written, until now. After some careful consideration and based on Emmanuel's suggestions ("Hi Phx62:I think the members who are experienced traders...

Awsome just fantastic...thank you very very much
Sad i'm not trying to understand PA
  • #31,793
  • Mar 5, 2014 11:45pm Mar 5, 2014 11:45pm
Quoting Phx62
{quote} WDays.....your posts DID NOT drive me away. I am sorry if that is the impression you got from my post. I appreciate all the responses on the thread and the PM's offering support and requesting that I continue to post. I have had a very busy week with my business, with an extensive number of business meetings with our suppliers. As a result, I have not even had the time to respond to the kind words written, until now. After some careful consideration and based on Emmanuel's suggestions ("Hi Phx62:I think the members who are experienced traders...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #31,794
  • Mar 6, 2014 12:07am Mar 6, 2014 12:07am
Quoting Bizzzle
{quote} I am in this trade but got in on the hourly last night, same trade as hoperich, I am targeting 140.90!! Stops now at Breakeven!! Best of luck {image}
Finally my target was hit on EJ at 140.90

+140 pips

Break-even

+40 pips
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Give yourself a chance and trade it like it's layed out...
  • #31,795
  • Mar 6, 2014 12:10am Mar 6, 2014 12:10am
Quoting Direwolf
Checked my chart and found EJ hit my target at 40 pips. {image}
Good to see you held it well done
Give yourself a chance and trade it like it's layed out...
  • #31,796
  • Mar 6, 2014 12:23am Mar 6, 2014 12:23am
Thanks Brizzle, not half as good as yours but I'm glad nonetheless.

Your 140 trade, apart from divergence and TDI, were there other criteria you used to enter?
Everything you can imagine, is real - Pablo Picasso
  • #31,797
  • Mar 6, 2014 12:53am Mar 6, 2014 12:53am
Quoting Bizzzle
{quote} Finally my target was hit on EJ at 140.90 +140 pips Break-even +40 pips {image}
Nice trade Bizzle

What are those yellow horizontal lines? Support and Resistance?
.... laughing all the way to the bank
  • #31,798
  • Mar 6, 2014 1:01am Mar 6, 2014 1:01am
Quoting Phx62
{quote} WDays.....your posts DID NOT drive me away. I am sorry if that is the impression you got from my post. I appreciate all the responses on the thread and the PM's offering support and requesting that I continue to post. I have had a very busy week with my business, with an extensive number of business meetings with our suppliers. As a result, I have not even had the time to respond to the kind words written, until now. After some careful consideration and based on Emmanuel's suggestions ("Hi Phx62:I think the members who are experienced traders...
Thank you Phx62 your time and efforts are really appreciated, you are an inspiration to so many traders
  • #31,799
  • Mar 6, 2014 1:04am Mar 6, 2014 1:04am
Quoting Direwolf
Thanks Brizzle, not half as good as yours but I'm glad nonetheless. Your 140 trade, apart from divergence and TDI, were there other criteria you used to enter?
It hit strong Support and I saw divergence, also the 4 hour had a very good setup at the same time and a average move on the EJ 4 hour is about +300 pips!!

If you look at the 4 hour it still going, I had my target at 140.90 that was my next strong resistance level...
Give yourself a chance and trade it like it's layed out...
  • #31,800
  • Mar 6, 2014 1:04am Mar 6, 2014 1:04am
Quoting MrAussieFX
Took this long on EJ H1. I hope most of us are in this trade. {image} Why I took this Trade ? 1. Based on the synergy method and TMS 2. TDI (Green above 50 , above red , above yellow, Pointing 1-2 O'clock) 3. Candle out of the Price action channel What worries me now: 1. EUR news in an hour or so. Any suggestions ? Regards
Thanks MrAussieFX, good call took your advice and got + 30 easy pips
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