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Trading Made Simple

  • #32,921
  • Mar 19, 2014 6:09am Mar 19, 2014 6:09am
Quoting gsbharaj
{quote} thank you. thats a very insightful information. you have explained the concept flawlessly........ guys i think the consolidation is due to the fomc statement today... BTW i made 53 pips on gbp/jpy...
Good pick. I'm stuck with AU and UJ in a range.
Those who know don't talk. Those who talk don't know.
  • #32,922
  • Mar 19, 2014 6:25am Mar 19, 2014 6:25am
Took a buy on the H1 just awhile ago. TDI crossed plus support at daily pivot
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the cautious seldom err....C
  • #32,923
  • Mar 19, 2014 6:35am Mar 19, 2014 6:35am
Quoting hugecat
{quote} Good pick. I'm stuck with AU and UJ in a range.




I’m stuck in a range Euro/GB but at 12 30 pm.
GB Annual budget release I think it will move then.
  • #32,924
  • Mar 19, 2014 6:37am Mar 19, 2014 6:37am
Quoting irishtoffy
{quote} All these posts about market type..are you trying to warn us of something?!
Hi irishtoffy,

Trading Made Simple is not trading made easy. I am not trying to warn people here. Over a period of 18 months, a small group of active TMS traders did a project in an attempt to reduce the percentage of losing trades because we were all trying hard to trade following the rules laid down by eelfranz. He is an aggressive trader but he knows the type of Price Action and Support and Resistance he sees on his charts. He did not explain much on PA and S&R in all his posts in the 5-Method thread and also here in TMS thread.
Anyway, the Project TMS-II was conlcuded with some conclusive findings and the Market Type was one. Knowing the Market Type to trade the 4H swing has helped us to stay out of the market even when see see the TDI cross and the APB#1 and #2 candles. Basically, we learned to pick and trade the trend reversals and trend continuations with more confidence. That of course came with improved win-rates overall. Less stressful too as we can utilise our trading funds much better.

Look at the UJ example posted earllier today. Lot more of such examples in current market which is not the same like back in 2010 and 2011.

regards, and

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,925
  • Mar 19, 2014 6:43am Mar 19, 2014 6:43am
Quoting adikashyap
{quote} Hi Sir. Which system are you using for this multi charting? Where can i find / download it? This can help in analyzing all co related pairs easily ... Thanks .........
Hi adikashyap,

This is done in MT4 user menu. See below for explanation.

Attached Image (click to enlarge)
Click to Enlarge Name: Tile Windows charts.png Size: 129 KB


regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,926
  • Mar 19, 2014 6:45am Mar 19, 2014 6:45am
Exited UJ - 14 Pips, AU - 12 Pips.
Nothing good today...
Those who know don't talk. Those who talk don't know.
  • #32,927
  • Mar 19, 2014 6:55am Mar 19, 2014 6:55am
Quoting hugecat
{quote} Emmanuel, is there an exit rule if the 4h candle changes color after the enter? Thank you.

Hi hugecat,

TMS basic rule says we exit when the TDI goes flat or hook over/backwards. This rule should be followed strictly when we want to trade with aggressive entry.
In scenario when we enter after APB#1 close, we are still in APB candle#2 and that candle change colour I would look at that candle travel, i.e. to follow its open and watch the price pull back which changes the APB colour. In a situation where the price did not moved higher then the previous price bar and then pull back to below the APB open this results in colour change, then I would do a quick exit.

Rule of this type of game is: Agrressive Entry/ Aggressive Exit ... preservation of trading capital is above all other Rules when we want to be aggressive traders.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,928
  • Mar 19, 2014 6:59am Mar 19, 2014 6:59am
Quoting emmanuel7788
{quote} Hi hugecat, TMS basic rule says we exit when the TDI goes flat or hook over/backwards. This rule should be followed strictly when we want to trade with aggressive entry. In scenario when we enter after APB#1 close, we are still in APB candle#2 and that candle change colour I would look at that candle travel, i.e. to follow its open and watch the price pull back which changes the APB colour. In a situation where the price did not moved higher then the previous price bar and then pull back to below the APB open this results in colour change,...
Thank you, Emmanuel. I had a chance with AU to exit on BE, but was greedy thinking that it will go lower - the result is - 14 Pips. Sad but not very expensive lesson learned.
Those who know don't talk. Those who talk don't know.
  • #32,929
  • Mar 19, 2014 7:06am Mar 19, 2014 7:06am
Quoting emmanuel7788
{quote} Hi irishtoffy, Trading Made Simple is not trading made easy. I am not trying to warn people here. Over a period of 18 months, a small group of active TMS traders did a project in an attempt to reduce the percentage of losing trades because we were all trying hard to trade following the rules laid down by eelfranz. He is an aggressive trader but he knows the type of Price Action and Support and Resistance he sees on his charts. He did not explain much on PA and S&R in all his posts in the 5-Method thread and also here in TMS thread. Anyway,...
Emm,

Cheers for that! I have discovered it is definitely not trading made easy. It's been a great journey for me personally so far, one which I am still finding enjoyable which is a good sign.

I tried searching for 'TMS II' in the paperclip but nothing came back. Would you be able to point me to the post number? I don't know how to search for post numbers! I would like to have a quick read of it, to see what it states about market type.

I have stayed out today, of my yen pairs as I see large CS which have turned in to MC. Waiting for the BO of those MC..maybe this is something you were alluding to?


Cheers

irishtoffy
  • #32,930
  • Mar 19, 2014 7:37am Mar 19, 2014 7:37am
Quoting irishtoffy
{quote} Emm, Cheers for that! I have discovered it is definitely not trading made easy. It's been a great journey for me personally so far, one which I am still finding enjoyable which is a good sign. I tried searching for 'TMS II' in the paperclip but nothing came back. Would you be able to point me to the post number? I don't know how to search for post numbers! I would like to have a quick read of it, to see what it states about market type. I have stayed out today, of my yen pairs as I see large CS which have turned in to MC. Waiting for the...
Here you go

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  • #32,931
  • Mar 19, 2014 7:59am Mar 19, 2014 7:59am
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?
Emmaneul, can you tell me the GMT+1 broker please
  • #32,932
  • Mar 19, 2014 8:04am Mar 19, 2014 8:04am
Quoting GilR
{quote} Emmaneul, can you tell me the GMT+1 broker please
Hi GilR,

I use Alpari UK data.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,933
  • Mar 19, 2014 8:07am Mar 19, 2014 8:07am
Here we see the same UJ pairs, TDI goes flat. Do we exit?

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,934
  • Mar 19, 2014 8:14am Mar 19, 2014 8:14am
Quoting MrAussieFX
{quote} Here you go {image}
Great, cheers Aussie!
  • #32,935
  • Mar 19, 2014 8:21am Mar 19, 2014 8:21am
Quoting emmanuel7788
{quote} Hi GilR, I use Alpari UK data. regards, EMMANUEL
I thought Alpari was +2, but the middle chart says +1
  • #32,936
  • Mar 19, 2014 8:25am Mar 19, 2014 8:25am
Quoting emmanuel7788
{quote} Hi adikashyap, This is done in MT4 user menu. See below for explanation. {image} regards, EMMANUEL
Thanks a ton ....
  • #32,937
  • Mar 19, 2014 8:34am Mar 19, 2014 8:34am
Closed UJ -5 pips, EU +2 pips. Price not going anywhere.

These 2 may still go my way so I'll leave them over night.
- EA, +25 pips
- AJ, -2 pips
Everything you can imagine, is real - Pablo Picasso
  • #32,938
  • Mar 19, 2014 9:10am Mar 19, 2014 9:10am
had taken shorts on these pairs
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the cautious seldom err....C
  • #32,939
  • Mar 19, 2014 9:30am Mar 19, 2014 9:30am
EURUSD has made a 30 pip range. USDJPY a 40 pip range for the day. Big players not in the market at the moment.
  • #32,940
  • Mar 19, 2014 9:45am Mar 19, 2014 9:45am
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.
Hi emmanuel,

Sorry to ask, I searched for the 10 things on your past posts and could not find them. can you share post #?

Thanks
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