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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #32,661
  • Mar 18, 2014 3:57am Mar 18, 2014 3:57am
Quoting emmanuel7788
NZDUSD H4 is good to go the next candle open.
Thanks to my intuition I exited with +11Pips and now it's rolling up. Pretty boring swings on this pair.
Those who know don't talk. Those who talk don't know.
  • #32,662
  • Mar 18, 2014 4:06am Mar 18, 2014 4:06am
Good cross on EJ and UJ top of hour
  • #32,663
  • Mar 18, 2014 4:08am Mar 18, 2014 4:08am
Quoting Kanderpro
{quote} Hello as33156 EJ Structure. Look at Hoperich's post 32604. Thanks Hoperich. Bear flag. LO BPC using Bizzzle's 5m LH. Kan

Thanks Kanderpro. I looked and see his charts are more complex and that he isn't trading the pure TMS way. So I can relax now as I thought I was missing something from the pdf I read.
MAY THE PIPS BE WITH YOU!
  • #32,664
  • Mar 18, 2014 4:12am Mar 18, 2014 4:12am
Quoting GilR
{quote} GJ was a cross on Iamfx and AU was cross on Alpari (but I usually substitute AJ as many times it moves quicker for more pips) I trade similar setup to as33..... signal on first APB bar -- Thank you as33.. for your guidance I trade with Excel, but this gives me three 4 hour bar closes each 4 hours --- Trading from Australia it helps as we Asian and some London session and then sleep!!
Thanks for the info about taking AJ when I get a single in AU because AU moves so freaking slow. The others while drop like 25 pips and AU will move just 7 or something retarded like that. Like right now AJ is in profit 20 pips but my AU is showing a freaking -4 pip lost in my account.
MAY THE PIPS BE WITH YOU!
  • #32,665
  • Mar 18, 2014 4:15am Mar 18, 2014 4:15am
Quoting GilR
Good cross on EJ and UJ top of hour
Afraid to short Ej - it's on a strong support right now.
Those who know don't talk. Those who talk don't know.
  • #32,666
  • Mar 18, 2014 4:15am Mar 18, 2014 4:15am
Quoting as33156
{quote} Thanks Kanderpro. I looked and see his charts are more complex and that he isn't trading the pure TMS way. So I can relax now as I thought I was missing something from the pdf I read.
Hello as33156
Which pdf do you read?
Kan
Thanks for your help, warmth and straight talking Heather.
  • #32,667
  • Mar 18, 2014 4:16am Mar 18, 2014 4:16am
Quoting gsbharaj
{quote} can you please share the yellow line indicator? is it the ADR?
I don't know which one you are asking but here you go

Attached File(s)
File Type: mq4 AutoFib TradeZones.mq4   8 KB | 495 downloads

Attached File(s)
File Type: ex4 DM_DSR.ex4   4 KB | 372 downloads


Regards
  • #32,668
  • Mar 18, 2014 4:21am Mar 18, 2014 4:21am
Quoting as33156
{quote} Thanks for the info about taking AJ when I get a single in AU because AU moves so freaking slow. The others while drop like 25 pips and AU will move just 7 or something retarded like that. Like right now AJ is in profit 20 pips but my AU is showing a freaking -4 pip lost in my account.

You see the same with EJ and UJ many times - Like now
  • #32,669
  • Mar 18, 2014 4:22am Mar 18, 2014 4:22am
Short on EJ H4. Drew the channel last week and seems to work thus far.
There is support few pips down but if it get past it would be nice.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h4-forex-capital-markets.png Size: 46 KB


Regards
  • #32,670
  • Mar 18, 2014 4:29am Mar 18, 2014 4:29am
Quoting MrAussieFX
{quote} I don't know which one you are asking but here you go {file} {file} Regards
oh thank you so much
Come tomorrow, I'll wake up new
  • #32,671
  • Mar 18, 2014 4:29am Mar 18, 2014 4:29am
Quoting Kanderpro
{quote} Hello as33156 Which pdf do you read? Kan
It's this one Kan,


Attached File(s)
File Type: pdf TradinMadeSimple.pdf   1.4 MB | 631 downloads
MAY THE PIPS BE WITH YOU!
  • #32,672
  • Mar 18, 2014 4:36am Mar 18, 2014 4:36am
Hi all
I have been studying this thread for a while now and would like to know where I can get the TDI with the blue lines. I have tried to find it by reading the thread, but am not sure which has the blue lines. I have the red / grren line TDI.
Thank you all for your input - the information is invaluable. I am still in demo mode but hope to start trading live soon. Thanks again.
  • #32,673
  • Mar 18, 2014 4:38am Mar 18, 2014 4:38am
3 trades got stopped out at BE today.
EURAUD +8 pips
AUDUSD +0.5 pips
AUDCAD +0.7 pips
All went nicely my way before reverse. Glad I moved to BE.
Everything you can imagine, is real - Pablo Picasso
  • #32,674
  • Mar 18, 2014 4:39am Mar 18, 2014 4:39am
i am still relunctant to short EJ. as you can see in my chart i am using GMT 0 broker and the present h4 candle which made the TDI cross hasn't completed. and on top of it there is a strong resistance level of 200 EMA and the round number level of 141.. red lights for me at present
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 212 KB
Come tomorrow, I'll wake up new
  • #32,675
  • Mar 18, 2014 4:42am Mar 18, 2014 4:42am
Quoting gsbharaj
i am still relunctant to short EJ. as you can see in my chart i am using GMT 0 broker and the present h4 candle which made the TDI cross hasn't completed. and on top of it there is a strong resistance level of 200 EMA and the round number level of 141.. red lights for me at present {image}
I have same reasons to stay out, plus the news are coming in 20min.
Those who know don't talk. Those who talk don't know.
  • #32,676
  • Mar 18, 2014 4:45am Mar 18, 2014 4:45am
Quoting gsbharaj
i am still relunctant to short EJ. as you can see in my chart i am using GMT 0 broker and the present h4 candle which made the TDI cross hasn't completed. and on top of it there is a strong resistance level of 200 EMA and the round number level of 141.. red lights for me at present {image}
Shorted on first bar cross on closed bar using Excel who are gmt3 I think and closed 10 pips
  • #32,677
  • Mar 18, 2014 4:53am Mar 18, 2014 4:53am
Quoting gsbharaj
i am still relunctant to short EJ. as you can see in my chart i am using GMT 0 broker and the present h4 candle which made the TDI cross hasn't completed. and on top of it there is a strong resistance level of 200 EMA and the round number level of 141.. red lights for me at present {image}
If you read Eelfranz's posts he said to enter when the tdi makes a nice cross at the beginning of that candle, he doesn't say wait until that candle closes, I will enter at the beginning of an h4 candle if there is a good cross and the previous candle is the colour I want it to be. I am on a gmt server and the 200ema and 141 round number were 45 pips away from the entry point.
  • #32,678
  • Mar 18, 2014 4:59am Mar 18, 2014 4:59am
Quoting Direwolf
3 trades got stopped out at BE today. EURAUD +8 pips AUDUSD +0.5 pips AUDCAD +0.7 pips All went nicely my way before reverse. Glad I moved to BE.

Yeah totally I just closed out my AU trade for -6 pips. It's a real POS this AU when it wants to be. I get a perfect signal in AU and it only drops 8 pips in profit before going against me. Mean while AJ tanks 34 pips. Ridiculous! This week is really slow for me because of these guys that just run out of steam and get my out at BE or a small lost. Also the fact that I missed two great trades for over 200 pips.

I'm only up 157 pips for the week. Very slow for. Nothing seems to be running this week or giving me a full 100 pip TP I normally hit. I also read somewhere that I shouldn't take a trade if the ADR doesn't show 100 of higher. A few of the trades I got in this week have been far less then 100 for the ADR when I entered them. All those trades have only done break-even for me or I close them out a few pips in profit or Loss. Lesson learned. It also seems that the luck of my -5 GMT broker has changed and other brokers are getting the early entries this week lol.

Not impressed with myself.
MAY THE PIPS BE WITH YOU!
  • #32,679
  • Mar 18, 2014 5:01am Mar 18, 2014 5:01am
Quoting as33156
{quote} Mean while AJ tanks 34 pips. Ridiculous!
lol right on. I was looking at AJ too thinking it's such a perfect set up. Then I look at other trades I'm in... 3 AUD pairs, so decided to stay out.
Everything you can imagine, is real - Pablo Picasso
  • #32,680
  • Mar 18, 2014 5:04am Mar 18, 2014 5:04am
Quoting lastingwell
{quote}If you read Eelfranz's posts he said to enter when the tdi makes a nice cross at the beginning of that candle, he doesn't say wait until that candle closes, I will enter at the beginning of an h4 candle if there is a good cross and the previous candle is the colour I want it to be. I am on a gmt server and the 200ema and 141 round number were 45 pips away from the entry point.

Yes there was probably an entry this morning on EJ at 8am but the H4 100 SMA was only around 19 pips or so away and PA has been ranging round that since last week.

For TMS to work for me on the H4 needs to be a signal (colour change) candle at the latest 4am and a TDI crossover on the 8am to maximise London session.
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