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Trading Made Simple

  • #32,881
  • Mar 19, 2014 1:03am Mar 19, 2014 1:03am
I closed the trade for 3 pips profit. I'm of to bed for an hour or so now. Cya at 4
MAY THE PIPS BE WITH YOU!
  • #32,882
  • Mar 19, 2014 1:05am Mar 19, 2014 1:05am
Quoting thinkpad123
{quote} Which pairs you are considering to add? Try crude oil ,matches perfect with tms
Hi mate,

I am going to add UC, EG, EA, EN and GN! will take a look at crude oil thanks for the info
Give yourself a chance and trade it like it's layed out...
  • #32,883
  • Mar 19, 2014 1:22am Mar 19, 2014 1:22am
GA formed HS on 4H and the price is on the neckline I think it is time to short it at 1.82000. Anyone else can see that?
  • #32,884
  • Mar 19, 2014 1:40am Mar 19, 2014 1:40am
GN finally moving as planned --- praying does help !
  • #32,885
  • Mar 19, 2014 1:45am Mar 19, 2014 1:45am
Hi everybody!

Super new member and trader. I am learning this method which seems like a ton of people are having success on.

I entered a trade recently, going long on USDJPY... (which I have attached).

Everything seems to be good with going long... green crossing red, bull(ish) candle, stochastics giving the A-OK...

The trade seems to have turned into a loser.

Anybody with any other tips on what I should have looked for before entering this trade?

Thanks

EDIT: I entered on the last cross of the green and red.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 97 KB
  • #32,886
  • Mar 19, 2014 1:52am Mar 19, 2014 1:52am
Quoting GilR
GN finally moving as planned --- praying does help !
out for +17
  • #32,887
  • Mar 19, 2014 1:58am Mar 19, 2014 1:58am
A couple of prime set ups on GMT server times, with CS closing in 1 hour!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpyh4.png Size: 56 KB
Click to Enlarge Name: usdjpyh4.png Size: 58 KB
  • #32,888
  • Mar 19, 2014 2:23am Mar 19, 2014 2:23am
Can't really see any clear TMS setups this morning (which aren't countertrend trades).

If trading GBP pairs remember its a very big news day today in UK, with claimant count and BoE stuff this morning and the annual budget this afternoon.
  • #32,889
  • Mar 19, 2014 2:29am Mar 19, 2014 2:29am
Trading the markets requires skills. You need the skills to see those Ten(10) things on your charts I mentioned before.
Learn to identify the Market Type in which we trade in. That will help you filter out those riskier trade setups.
Learn to preserve your trading capital and use that wisely for only high probability trade setups. It will be less stress when we learn to trade this way.
The market is always right. We must learn to be patient.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD 18 Mar Tokyo open.png Size: 37 KB


Note: we have high impact data release out of the UK later.

Trade Well Folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,890
  • Mar 19, 2014 2:36am Mar 19, 2014 2:36am
Quoting alex8585
GA formed HS on 4H and the price is on the neckline I think it is time to short it at 1.82000. Anyone else can see that?

A Head and Shoulders chart pattern usually occur after a bullish rally. I don't see any bullish rally recently.
There is market psychology behind those H&S pattern.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,891
  • Mar 19, 2014 2:44am Mar 19, 2014 2:44am
Quoting emmanuel7788
Trading the markets requires skills. You need the skills to see those Ten(10) things on your charts I mentioned before. Learn to identify the Market Type in which we trade in. That will help you filter out those riskier trade setups. Learn to preserve your trading capital and use that wisely for only high probability trade setups. It will be less stress when we learn to trade this way. The market is always right. We must learn to be patient. {image} Note: we have high impact data release out of the UK later. Trade Well Folks.
Sad i'm not trying to understand PA
  • #32,892
  • Mar 19, 2014 2:51am Mar 19, 2014 2:51am
Here is an example looking at UJ with different broker server time.
Price remains very much the same after almost 3 hours.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ 3 diff server time pre LO.png Size: 58 KB


What do the charts tell you about the Market Type?

Do you have the skills to see those Ten(10) things on your charts?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,893
  • Mar 19, 2014 2:55am Mar 19, 2014 2:55am
OK, there are few setups coming up: GJ, AU, NU, EN, GN, EG.
Anyone planning to get in? Or staying away because of news?
Those who know don't talk. Those who talk don't know.
  • #32,894
  • Mar 19, 2014 2:58am Mar 19, 2014 2:58am
Quoting emmanuel7788
Here is an example looking at UJ with different broker server time. Price remains very much the same after almost 3 hours. {image} What do the charts tell you about the Market Type? Do you have the skills to see those Ten(10) things on your charts?

Daily recent trend is bear..consolidation H4 IB MC.....i am on selller side...waiting...
Sad i'm not trying to understand PA
  • #32,895
  • Mar 19, 2014 2:59am Mar 19, 2014 2:59am
Quoting kevling18
Hi everybody! Super new member and trader. I am learning this method which seems like a ton of people are having success on. I entered a trade recently, going long on USDJPY... (which I have attached). Everything seems to be good with going long... green crossing red, bull(ish) candle, stochastics giving the A-OK... The trade seems to have turned into a loser. Anybody with any other tips on what I should have looked for before entering this trade? Thanks EDIT: I entered on the last cross of the green and red. {image}
Hi kevling18,

First welcome to this TMS thread.

You may want to consider my suggestion in post#32.841.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,896
  • Mar 19, 2014 2:59am Mar 19, 2014 2:59am
Quoting hugecat
OK, there are few setups coming up: GJ, AU, NU, EN, GN, EG. Anyone planning to get in? Or staying away because of news?
My next candle opens at 10am uk time so I still have two hour before my next candle!!

I am long UJ from 6am
Give yourself a chance and trade it like it's layed out...
  • #32,897
  • Mar 19, 2014 3:01am Mar 19, 2014 3:01am
AU short @ 9106.
Those who know don't talk. Those who talk don't know.
  • #32,898
  • Mar 19, 2014 3:03am Mar 19, 2014 3:03am
Does anybody have some suggestions on what the trend will be at 10h30 on the EUR/GBP? or GBP/USD?
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #32,899
  • Mar 19, 2014 3:04am Mar 19, 2014 3:04am
UJ 19 Mar:

Now we see the LO H4 candle for GMT+0.

You decide. since price remains the same for all different server times.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 3 diff server time at LO.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,900
  • Mar 19, 2014 3:04am Mar 19, 2014 3:04am
Quoting Bizzzle
{quote} My next candle opens at 10am uk time so I still have two hour before my next candle!! I am long UJ from 6am
This GMT stuff maybe even on results but different on trading decisions
But UJ shows signal too on my new candle. I'm in @ 10161.
Those who know don't talk. Those who talk don't know.
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