Trading Made Simple

Quoting mkfx

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{quote} Thanks for this indicator. Please can you post your average Daily range indicators as well winch is showing ADR on left side your corner of your chart. Regards

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Quoting emmanuel7788

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{quote} TOK_5H breakout is just another breakout method like many other berakoit methods. I am an active Asian session trader and I notice when the market is consolidating in narrow range during the first half session of the Tokyo session, breakouts happen during the day and often produce good trades. The EJ is a good pair for this becasue Euro is s highly traded currency. Other pair which recently gave good breakout trades are EURAUD, EURNZD and EURCAD. But you need to check the H4 Average ATR before you decide to use the TOK_5H breakout method....

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Quoting DesiBaba

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{quote} Hey emmanuel Yes, I noticed on the past charts that when breakouts happened they happened when h1 bar high/low closes above pac and tdi was green above red above yellow. I was surprised at how well this method works! In addition, you mentioned a range of pips for those pairs. Personally, my range is slightly different than yours. Are you using the standard atr indicators that come with mt4? I think my range is slightly off to yours because of the broker but its just a 1 to 2 pip different.

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Quoting omonisha

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{quote} Mine too have 1 2 pip different...i think it's the broker...

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Quoting DesiBaba

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{quote} Thanks for reply omonisha! Good luck this week !

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Quoting thinkpad123

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Hello fellow traders I was trading h4 and h1 very successfully using TMS but these days i am struggling with shortage of time for trading h4 and h1 due to preparations for marriage, construction of home and full time job so from onwards I have decided to trade day charts with TMS. I hope i will get success on that too with this great method. I dont know whether it is allowed to share trades from daily charts in this thread or not , I know there is a separate thread for day trading with TMS but alot of basic things have changed in that thread so...

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Quoting mor707

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{quote} Hi Thinkpad, Its funny but I was just this weekend going thru some old posts from Big E (actually its still out of his Graig Harris thread which preceded this thread) and I saw there that Big E himself at that stage some times used the D1 charts to look for entries and to take trades. Look at the attached doc which is a compilation of Big E's posts from that thread. Especially in the 1st half of the doc you will find several examples of D1 trades. So, while I am not a senior participant here, and its not my call to make, to me D1 trades...

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Quoting irishtoffy

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{quote} I was looking for EU Buy set ups, on bounce off long term trendline. irishtoffy {image}

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Quoting Next4467

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{quote} Hi emmanuel How did you work out these ranges for your breakout system? Thanks

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Quoting Zoopots

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This information is available all over the web. I like to do my own weekend analysis and get an understanding of my pairs...where they are and where they can potentially move. Maybe this will benefit someone else. Regards! {image}

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Quoting minortrader

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{quote} Wow !! I am just one of the ordinary silent followers of this amazing forum. I have my utmost respect for our late leader, Mr. Big E as well as many of his colleagues, associates and followers who have been putting in an enormous amount of time and effort in a selfless way to help the new traders learn how to trade successfully. This, in my humble opinion, is a very noble trait and I respectfully salute all those who have been contributing to this forum in a positive way and thereby helping new traders enormously.......

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Quoting Zoopots

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3 Apr update: Moved S/L up to lock in additional profit; +370 pips now protected. Weekly and Daily still favorable to my Buy, but since the pair is stalling at major resistance of 95.70 the H4 is beginning to hint Sell. 6 Apr update (market open): (AUDJPY H4) Moved S/L to a very tight 95.75 protecting 397 pips of profit. Came within 24 pips of Target. TDI hinting at Sell but no close below PAC as you can see below. 20 days in trade {image}

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Quoting L0pg

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{quote} It was my understanding that you set your SL at the bottom of the PAC channel, or do you usually set it a few pips below the channel to give it a little more room to breathe?

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Quoting Zoopots

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3 Apr update: Moved S/L up to lock in additional profit; +370 pips now protected. Weekly and Daily still favorable to my Buy, but since the pair is stalling at major resistance of 95.70 the H4 is beginning to hint Sell. 6 Apr update (market open): (AUDJPY H4) Moved S/L to a very tight 95.75 protecting 397 pips of profit. Came within 24 pips of Target. TDI hinting at Sell but no close below PAC as you can see below. 20 days in trade {image}

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Quoting Zoopots

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{quote} Yes, I usually do not set S/L exactly at PAC levels. As you can see right now, the AUDJPY H4 is consolidating, so it often breaches the boundary of the PAC. I will close the trade if PA closes outside the PAC (below, in this case). The PAC is only 26 pips wide right now and for an H4 chart, that's quite narrow. Need to let the market breathe. Two High Impact news releases for this pair tomorrow...so we'll see how that goes. Should stay in PAC until then. Thanks.

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Quoting CompassDude

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{quote} Hi Zoopots...what is PAC levels? Is that Price Action ...???? something?

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