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Trading Made Simple

  • #34,341
  • Mar 31, 2014 3:16am Mar 31, 2014 3:16am
Quoting hostwey
{quote} Basically you are an High frequency/ TMS trader ?

Not exactly. We are grid traders using the same TMS as the core. Not that high frequency byt its definition.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,342
  • Mar 31, 2014 3:17am Mar 31, 2014 3:17am
Quoting emmanuel7788
{quote} Good one, thanks MrAussieFx. Just change the paramter to show the first 5 hours of the Tokyo session... and you will see the high-low.
Thanks BigEMM,

I picked EJ H1 asian session for trade. Please see the chart below and advice the settings for Session Asian indicator for first 5 hours.
Attached Image (click to enlarge)
Click to Enlarge Name: Session Asian.png Size: 192 KB

Kind regards
  • #34,343
  • Mar 31, 2014 3:23am Mar 31, 2014 3:23am
Quoting MrAussieFX
{quote} Thanks BigEMM, I picked EJ H1 asian session for trade. Please see the chart below and advice the settings for Session Asian indicator for first 5 hours. {image} Kind regards

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,344
  • Mar 31, 2014 3:24am Mar 31, 2014 3:24am
I'm Long EU for the news trade coming soon 24 PIP SL, 60 PIP TP


Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 58 KB
MAY THE PIPS BE WITH YOU!
  • #34,345
  • Mar 31, 2014 3:31am Mar 31, 2014 3:31am
Quoting hugecat
{quote} As, After last week's results on TMS method I decided to look for confirmation and exits on H1 using EASY method with PAC. I know it makes decisions more complicated but it sure gives opportunity to exit when the 4H trade goes other way. Hope it helps. {image}

Thanks Hugecat! GU heading in the right direction now! Came 3 pips from hitting my SL lol. Now it needs to hit my TP
MAY THE PIPS BE WITH YOU!
  • #34,346
  • Mar 31, 2014 3:37am Mar 31, 2014 3:37am
EJ H1 TOK_5H Breakout
Attached Image (click to enlarge)
Click to Enlarge Name: EJ EP SL TP 31 Marf.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,347
  • Mar 31, 2014 3:43am Mar 31, 2014 3:43am
EU 31 Mar H1 example

Attached Image (click to enlarge)
Click to Enlarge Name: EU 31 Mar H1 example.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,348
  • Mar 31, 2014 3:55am Mar 31, 2014 3:55am
Thanks BigEMM,

I am in 2 trades as below closed GU H4 in positive as it seemed to go nowhere for quite long.
Entered EJ H1 on asian session strategy mentioned by BIGEMM. Take 40 percent profit at 30 pips
AU H4 is from last week still going good. Took some profits last week at 12 pips as it was friday.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ H1 Asian session.png Size: 180 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AU H4.png Size: 177 KB


Regards
  • #34,349
  • Mar 31, 2014 4:01am Mar 31, 2014 4:01am
Tokyo close now. Watchout ....!

that spike .....means it is deciding now
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,350
  • Mar 31, 2014 4:08am Mar 31, 2014 4:08am
Quoting MrAussieFX
Thanks BigEMM, I am in 2 trades as below closed GU H4 in positive as it seemed to go nowhere for quite long. Entered EJ H1 on asian session strategy mentioned by BIGEMM. Take 40 percent profit at 30 pips AU H4 is from last week still going good. Took some profits last week at 12 pips as it was friday. {image} {image} Regards

Total BS that EU freaking tanks while EJ sky rockets. I lost 38 pips on the news trade. I had small stakes on it but it still sucks that raped me while EJ went up. Congrats on your profits! Now EU starts to rise go figure. Damn Stop Hunters
MAY THE PIPS BE WITH YOU!
  • #34,351
  • Mar 31, 2014 4:31am Mar 31, 2014 4:31am
Quoting MrAussieFX
Thanks BigEMM, I am in 2 trades as below closed GU H4 in positive as it seemed to go nowhere for quite long. Entered EJ H1 on asian session strategy mentioned by BIGEMM. Take 40 percent profit at 30 pips AU H4 is from last week still going good. Took some profits last week at 12 pips as it was friday. {image} {image} Regards
Hi

Can you share the Asian session indi?

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #34,352
  • Mar 31, 2014 4:35am Mar 31, 2014 4:35am
Quoting TheScorpS
{quote} Hi Can you share the Asian session indi? Thanks
Its 2 pages back post #34327
  • #34,353
  • Mar 31, 2014 4:36am Mar 31, 2014 4:36am
Quoting as33156
{quote} Total BS that EU freaking tanks while EJ sky rockets. I lost 38 pips on the news trade. I had small stakes on it but it still sucks that raped me while EJ went up. Congrats on your profits! Now EU starts to rise go figure. Damn Stop Hunters
Thanks as33156,

I am in "less is more" phase from this week forward and keeping myself out of getting into what I feel is a best trade setup rather I am going with what market shows, what my PA is showing, my indicators are shouting and learning and implementing the same. AND of course what BIGEMM and other senior members like yourself teaches us everyday.

My EJ H1 asian strategy just hit my partial profit 1 of 30 pips(at 40% of my EJ trade money) and partial profit 2 of 50 pips (at 30% of my EJ trade money) and rest 30% is still in the trade. Although, its is now at around 35 pips.

Regards

P.S. I just need to know how to use cavemanger's trailing stop as my partial profits are doing great. Any ideas ?
  • #34,354
  • Edited 4:57am Mar 31, 2014 4:45am | Edited 4:57am
This market is soooo F-ing frustrating the last 6 days. Now GU is starting to skyrocket and will stop me out for 25 pips. I mean usually trades can at least get you to breakeven before they reverse on you. The last 6 days trading 4hr charts to seems just like trading 1min charts & 5minute charts. All confirmation signals are duds the complete reverse of my past 3 weeks.

I just closed my GU trade for an 18 PIP Loss.

I'm down -56 pips today. MotherF!!!!!!

I'm pretty much Buying the highs & Shorting the lows!

Of course now GU tanks once I'm out for a lost. No more news trades for me and going back to set it and forget. I hate watching the market jerk me around. I rather enter a trade and either be stopped out when i check in 4hrs or in profit.
MAY THE PIPS BE WITH YOU!
  • #34,355
  • Mar 31, 2014 4:58am Mar 31, 2014 4:58am
Quoting emmanuel7788
Tokyo close now. Watchout ....! that spike .....means it is deciding now
Oh how convenient, stops taken out either side of Asian session. (EURUSD).
  • #34,356
  • Edited 5:12am Mar 31, 2014 5:02am | Edited 5:12am
Took this EU trade with CPI news this morning on M5 after the bearish pinbar closed
+39 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: EU CPI.png Size: 49 KB
  • #34,357
  • Mar 31, 2014 5:03am Mar 31, 2014 5:03am
Quoting as33156
This market is soooo F-ing frustrating the last 6 days. Now GU is starting to skyrocket and will stop me out for 25 pips. I mean usually trades can at least get you to breakeven before they reverse on you. The last 6 days trading 4hr charts to seems just like trading 1min charts & 5minute charts. All confirmation signals are duds the complete reverse of my past 3 weeks. I just closed my GU trade for an 18 PIP Loss. I'm down -56 pips today. MotherF!!!!!! I'm pretty much Buying the highs & Shorting the lows! Of course now GU tanks once I'm out for...
Doubt GU is going to 'skyrocket' (famous last words) as quite strong resistance above it + supply zone (sellers). Taking a trade early can be fraught as you have Tokyo retracement risk (about 4am GMT) + Frankfurt opening, then London opening which can reject/accept what has gone before (and head fake to boot as Tokyo closes a couple of hours into the London session). So I have a bit of a problem with 4am 4 hour candle, on a GMT server, as its not one I could go back to sleep on, to be quite honest!
  • #34,358
  • Mar 31, 2014 5:25am Mar 31, 2014 5:25am
GJ testing the daily fib 127
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.jpg Size: 150 KB
Sad i'm not trying to understand PA
  • #34,359
  • Mar 31, 2014 6:03am Mar 31, 2014 6:03am
Hi,

I just wanted to say hello and thanks for this thread.

These last days/weeks, I went through a lot of pages of this thread. I really like the spirit of keeping trading simple.

For the time being, I am comfortable with the TOK 5 trading and more generally day trading.

What I want to achieve now is to move slowly to swing trading. The strategy TMS-II looks great and so I am going to spend some time on it this next days/weeks.

Emmanuel, I can note from your charts that you are using a weekly average range indicator with 60% average lines to define the average range and possible targets. I really like the idea as I give a lot of attention to ADR in my daily trading. Can you tell me where I can find such an indicator?

For intraday trading, I am using a momentum indicator to find entries (ADX) and since a few weeks I am using the ADX methodology explained by forexalien in his thread, I find it really powerful. On the TMS-II strategy how do you define/check momentum?

Thanks for all these great contributions.
Best,
I
  • #34,360
  • Mar 31, 2014 6:07am Mar 31, 2014 6:07am
Quoting Next4467
{quote} Its 2 pages back post #34327
Thanks a lot
I Have Learned to Take Some Losses to Make Profits
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