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Trading Made Simple

  • #34,281
  • Mar 29, 2014 4:36am Mar 29, 2014 4:36am
Quoting Phx62
This weeks EA H1 trades (some of the first ones were posted earlier this week). All trades taken according to my trading plan with the H4 channel pointing out TP points. Overall a good week.{image}

Phx62:

You truly inspired me... Master TMS trader.

Attached Image (click to enlarge)
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and you constantly remind me how trading should and must be kept simple.

Thank you.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,282
  • Mar 29, 2014 5:25am Mar 29, 2014 5:25am
Quoting emmanuel7788
AUDUSD trade closed. This was an intraday trade taken in H1 timeframe using the TOK_5H high-low EMMANUEL
Ooh TOK_5H sounds clever. What is it by the way? Did Google it, but that took me to one of your PDF's

I'll guess that TO = Tokyo Open?
  • #34,283
  • Mar 29, 2014 6:13am Mar 29, 2014 6:13am
Quoting hostwey
{quote} Ooh TOK_5H sounds clever. What is it by the way? Did Google it, but that took me to one of your PDF's I'll guess that TO = Tokyo Open?
Hi hostway,

Just mark the high and low of the first 5 hours of the Tokyo session, if that high-low range is below 40pips, usually smaller raneg will work our better, we trade the breakout of either the high or the low for that day.

Another way is to trade using the Tokyo channel explained in the 5-Method (Craig Harris Stochastic Method) thread.

Just another way to look for intraday trades in H1 and M15. Use the PAC, its is a great price channel to use.

regards,

EMMANUEL
.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,284
  • Mar 29, 2014 6:34am Mar 29, 2014 6:34am
Which Trading Style is Best for You?

have you taken this test yet?

http://www.babypips.com/school/gradu...ampaign=AdRoll
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,285
  • Mar 29, 2014 6:39am Mar 29, 2014 6:39am
Hello and good morning from Spain. I´m a newbie in the forex world and trying to learn while I´m doing some practises with demo accounts and a real micro one.
Wanna ask, before starting to read the full thread, it is yet valid or rules have changed from when it was started?
Hope my question make sense cause my english isn´t very good.
Thanks in advance,
Canton
  • #34,286
  • Mar 29, 2014 6:54am Mar 29, 2014 6:54am
Here is a TOK_5H breakout trade example using EJ

Same way how we use the TDI, APB and the PAC. And a few basic trading rules you have to think of and follow.
look at the chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 13 TOK_5H examples.png Size: 93 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,287
  • Mar 29, 2014 7:05am Mar 29, 2014 7:05am
Quoting Phx62
This weeks EA H1 trades (some of the first ones were posted earlier this week). All trades taken according to my trading plan with the H4 channel pointing out TP points. Overall a good week.{image}
Excellent trades again phx, one question from 26th March trade, I always look to see where your tp and sl lines are for inspiration on my own trades but on that day, the tp line is above the stop loss, just wondering what happened there on that day.
  • #34,288
  • Mar 29, 2014 7:12am Mar 29, 2014 7:12am
What we can learn from Phx62 trades for the last week TMS

First thank you sir for providing as always your trades of the week

What inspires me most is the power of waiting LO to set the high or low and then trade the 6 to 8 candles in row

Even when the market pushed almost 40 pips in 1 candle on EJ at the opening of London on Friday 28-3-2014, set the low and then trend in the other direction for 8 straight hours
I Have Learned to Take Some Losses to Make Profits
  • #34,289
  • Mar 29, 2014 7:18am Mar 29, 2014 7:18am
Quoting TheScorpS
What we can learn from Phx62 trades for the last week TMS First thank you sir for providing as always your trades of the week What inspires me most is the power of waiting LO to set the high or low and then trade the 6 to 8 candles in row Even when the market pushed almost 40 pips in 1 candle on EJ at the opening of London on Friday 28-3-2014, set the low and then trend in the other direction for 8 straight hours

H4 tell you the big story.
H1 Bear trap with a inverted hammer.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,290
  • Mar 29, 2014 7:40am Mar 29, 2014 7:40am
And on EJ there was some divergence too. How come I'm noticing all this after the event? I think trading is like driving a car. At first when learning to drive you have to think about everything. When to put foot on the clutch, engage gear, turn the wheel, operate the indicators. After trading a lot it should become automatic.
Attached Image (click to enlarge)
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  • #34,291
  • Mar 29, 2014 8:49am Mar 29, 2014 8:49am
Quoting lastingwell
{quote}Excellent trades again phx, one question from 26th March trade, I always look to see where your tp and sl lines are for inspiration on my own trades but on that day, the tp line is above the stop loss, just wondering what happened there on that day.
This is not possible which mean the TP marker must have been move!

Funny if someone or thing is too good to be true it nomally is.
  • #34,292
  • Mar 29, 2014 8:53am Mar 29, 2014 8:53am
Quoting emmanuel7788
Here is a TOK_5H breakout trade example using EJ Same way how we use the TDI, APB and the PAC. And a few basic trading rules you have to think of and follow. look at the chart below. {image}
Thanks BIG EMM for the chart and info. I've been following Dean's videos on Asian session similar to your's TOK_5H breakout strategy.

Here's the link for anyone interested. I hope BIGEMM won't mind me posting link here:

http://www.compassfx.com/video/#Asian

Regards
  • #34,293
  • Mar 29, 2014 9:07am Mar 29, 2014 9:07am
Quoting thinkpad123
{quote} Hello mate! Congrats on being a father I will answer your questions in the number sequence of your post. 1. Most suitable currency pairs are A/j, A/u, E/a, E/j, E/c, E/n, E/u, G/a, G/j. G/u plus crude oil if you are interested in trading CFDs. 2. If you enter a trade and after 4 hours new candles closed against your trade then first thing you should look for is what happened wrong, Like: a. Any S/R level pushed it back on you b. Any fundamental news c. Opening or closing of any market session Most of the time with my trades this...
Thank you thinkpad123.
Your advise will very help full for me,

Thanks,
Helanka
Helanka
  • #34,294
  • Mar 29, 2014 9:16am Mar 29, 2014 9:16am
Quoting Phx62
This weeks EA H1 trades (some of the first ones were posted earlier this week). All trades taken according to my trading plan with the H4 channel pointing out TP points. Overall a good week.{image}
can i ask you this master , on 24 march trade 2 you enter long and that was a successful trade and on 26 march the setup is similar the 2 blue candle up above the last red candle + TDI cross but you dont enter , how can you know that was a fake TDI signal ?
  • #34,295
  • Mar 29, 2014 9:19am Mar 29, 2014 9:19am
Quoting Direwolf
{quote} Well said Manoj! Psychology wise, I think the only way to improve is to do live trade. That's what happened to me, very positive result on demo for 6 months, but on my first month of live trading I started doing things I shouldn't: chasing trades, guessing the market, enter random trades, the list goes on and on. It's unbelievable how much having real money on the line can affect how you behave.
  • #34,296
  • Mar 29, 2014 12:05pm Mar 29, 2014 12:05pm
Quoting leonora
{quote} can i ask you this master , on 24 march trade 2 you enter long and that was a successful trade and on 26 march the setup is similar the 2 blue candle up above the last red candle + TDI cross but you dont enter , how can you know that was a fake TDI signal ?
There is no way anyone can know for certain it a TDI signal is going to be a fakeout or go for a long distance. On the March 24th trade, I entered and was able to monitor it, not knowing if it would reach the TP. I was prepared to exit on a consolidation. I was not at the computer at the second setup you mentioned.
  • #34,297
  • Mar 29, 2014 12:25pm Mar 29, 2014 12:25pm
Quoting lastingwell
{quote}Excellent trades again phx, one question from 26th March trade, I always look to see where your tp and sl lines are for inspiration on my own trades but on that day, the tp line is above the stop loss, just wondering what happened there on that day.
I have no idea why there is a TP line above the SL line unless it has something to do with the CaveManager EA that I use when I open trades. I will be checking with my broker. I checked my account and that trade paid the 126 pips. On that trade, I removed the TP because I was expecting price to continue down to the H4 channel line that I have been using for TP and that line is variable depending on how many candles it takes to reach the line (since the channel is on a +/- 45 degree angle), so there should have been no blue TP line. When price consolidated and pulled back, I exited the trade manually.
  • #34,298
  • Mar 29, 2014 12:28pm Mar 29, 2014 12:28pm
Quoting josh11
{quote} This is not possible which mean the TP marker must have been move! Funny if someone or thing is too good to be true it nomally is.
So quick to jump to conclusions but you are entitled to your opinion. I'll just keep that retirement account growing.
  • #34,299
  • Mar 29, 2014 12:48pm Mar 29, 2014 12:48pm
Quoting josh11
{quote} This is not possible which mean the TP marker must have been move! Funny if someone or thing is too good to be true it nomally is.
You know one could easily write an EA to close trade when price hit trend lines.
Everything you can imagine, is real - Pablo Picasso
  • #34,300
  • Mar 29, 2014 6:58pm Mar 29, 2014 6:58pm
Quoting MrAussieFX
{quote} Thanks BIG EMM for the chart and info. I've been following Dean's videos on Asian session similar to your's TOK_5H breakout strategy. Here's the link for anyone interested. I hope BIGEMM won't mind me posting link here: http://www.compassfx.com/video/#Asian Regards
MrAussieFX,

That is a great source of video tutorials where I spend a lot of time learning all about the TDI, the APB, the PAC and lots of the experience put there by a few great traders. I learn the Synergy trading model which in my opinion is where the 5-Method evolved from.
This will help many more people who wants to learn to trade and to trade with TMS.

I am a momentum breakout trader and using the TOK_5H High-Low is just like many other High-Low breakout methods.


Thank you.

Enjoy the weekend.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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