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Trading Made Simple

  • #35,081
  • Apr 8, 2014 1:49am Apr 8, 2014 1:49am
Quoting hostwey
{quote} Thanks Big EMM {image}

It say: " use your brain.." so my brain tells me to be creative and innovative as a fulltime trader. I am not a professional trader. LOL

But to catch a falling knife requires special skills, lots of practice and perfect timing otherwise we get cut easily.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,082
  • Apr 8, 2014 1:53am Apr 8, 2014 1:53am
Quoting as33156
Now AU is taking off. I'm done for the day. I need to go calm my nerves at the beach I'm so freaking gutted right now. Best of luck with trading everyone.

Not easy to catch this now as the candles are huge when they break across historical swing levels.
Also it already hit its Daily ADR.
Catch it tomorrow.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD ADR reached 8 Apr.png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,083
  • Apr 8, 2014 1:53am Apr 8, 2014 1:53am
Quoting Zoopots
I received two emails asking about trading for bigger targets and not flinching when a few H4 candles go against us. (...)
Thanks for that analysis, and Direwolf for PDFing it

My broker draws 4H candles 3 hours before london open, then 1 hour after LO and so on. Does that complicate 4H trading?

I've switched to H1 today and entered GU long on LO, set 20 pips SL and moved SL to brake-even after 1 hour for the news, I thought I'll either be stopped at +1 pip or ride the tide Closed after 55 pips (though I guess I could have waited for the candle to close)
Attached Image


Done for today, trying to keep greed in check
  • #35,084
  • Apr 8, 2014 2:02am Apr 8, 2014 2:02am
Quoting timginter
{quote}Thanks for that analysis, and Direwolf for PDFing it My broker draws 4H candles 3 hours before london open, then 1 hour after LO and so on. Does that complicate 4H trading? I've switched to H1 today and entered GU long on LO, set 20 pips SL and moved SL to brake-even after 1 hour for the news, I thought I'll either be stopped at +1 pip or ride the tide Closed after 55 pips (though I guess I could have waited for the candle to close){image} Done for today, trying to keep greed in check

But the H1 candles are all the same ... why should different H4 candles complicate trading the 5-Method.
We all trade the same price and its momentum.
Switch to trading with just H1 charts and learn to keep track and follow every 4-hour candles and its relative RSI or TDI.
This is how I keep things simple when I trade with the 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,085
  • Apr 8, 2014 2:07am Apr 8, 2014 2:07am
EURUSD H1 8 Apr.

Lack momentum upwards.
Wait for intraday reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD ADR 8 Apr.png Size: 29 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,086
  • Apr 8, 2014 2:20am Apr 8, 2014 2:20am
For trending pairs like EURAUD and EURNZD, it must break below previous day low, then continues down to break previous week low.

We always keep track of the Daily and Weekly Open High Low Close OHLC.

Do you see the logic of price movements and its trend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,087
  • Apr 8, 2014 2:21am Apr 8, 2014 2:21am
Quoting emmanuel7788
{quote} But the H1 candles are all the same ... why should different H4 candles complicate trading the 5-Method.
That's what I think, too, it should not matter for the method itself, but I wonder about a specific timeframe. If a new H4 candle forms after LO and the previous one 3 hours before, wouldn't it make entries either too late or too early based only on H4 charts?
Thanks for the tip on tracking, though
  • #35,088
  • Apr 8, 2014 2:22am Apr 8, 2014 2:22am
Quoting Pippopotamus
Zoopots, The same A/J excursion, but with Keltners... Very similar outcome... {image}
Thanks for your interesting posts Pippo, but what can Keltner bands give you that PAC can't? Once properly set, seem to do the same thing.
  • #35,089
  • Apr 8, 2014 2:24am Apr 8, 2014 2:24am
Quoting Bizzzle
{quote} Nice trading mate

Thanks Bizzle.
  • #35,090
  • Apr 8, 2014 2:25am Apr 8, 2014 2:25am
Quoting pundit78
{quote} Moved SL to BE.

NU closed +47
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 21 KB
  • #35,091
  • Apr 8, 2014 2:26am Apr 8, 2014 2:26am
Quoting emmanuel7788
{quote} Hi Glen, Please see post#24,116 regards, EMMANUEL

Thank you very much emmanuel. Everybody is very helpful on this thread. I learned a lot just reading this thread.
  • #35,092
  • Apr 8, 2014 2:27am Apr 8, 2014 2:27am
Quoting timginter
{quote}That's what I think, too, it should not matter for the method itself, but I wonder about a specific timeframe. If a new H4 candle forms after LO and the previous one 3 hours before, wouldn't it make entries either too late or too early based only on H4 charts? Thanks for the tip on tracking, though
I stick to GMT0 for my chart candles. Other traders prefers GMT+3 or GMT+2.
But it is a matter of consistency over a long term trading and nothing to do with the H4 candle.
Use H1 to better time your trade entry and get that smaller initial stop loss.
Some traders go down to M15 and even M5 to get that micro entry.
I always use this pic below and explain MTFA.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,093
  • Apr 8, 2014 2:31am Apr 8, 2014 2:31am
Quoting gurenu
{quote} Thank you very much emmanuel. Everybody is very helpful on this thread. I learned a lot just reading this thread.

We are a very big family here. Sometimes even amongst siblings we do have our little arguments and quarrels. But with time pass, everything will be back to normal and with no hard feelings, no grudges, no hatred, whatsoever. Life is too short to have enemies.
We are grown up matured adults. Some just need a bit more time to grow up and they will.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,094
  • Apr 8, 2014 2:40am Apr 8, 2014 2:40am
GBPUSD 8 Apr;

You see how this pair race through 1.6700.
Its not just the BRN but also a historical swing level 1.6703 from my Big Picture Plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,095
  • Apr 8, 2014 2:48am Apr 8, 2014 2:48am
Quoting hostwey
{quote} Thanks for your interesting posts Pippo, but what can Keltner bands give you that PAC can't? Once properly set, seem to do the same thing.

Hi Hostwey,

A few months back, a few of us discuss the Starc Band in thsi thread. The Starc Band maybe better to use together with the PAC to see both the short term PA and the longer term PA.

Search this thread on Starc band or read this post #27,183

Also Google "Starc Band' and you will find some good reading resources.

regards,


EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,096
  • Apr 8, 2014 3:04am Apr 8, 2014 3:04am
Friends,
Is Cave Manager something I have to buy or i can download it for free? Either link would be appreciated.
Many thanx.
Those who know don't talk. Those who talk don't know.
  • #35,097
  • Apr 8, 2014 3:10am Apr 8, 2014 3:10am
Quoting hugecat
Friends, Is Cave Manager something I have to buy or i can download it for free? Either link would be appreciated. Many thanx.

Here you go:

Attached Image (click to enlarge)
Click to Enlarge Name: FF seacrh THV Cavemanager.png Size: 109 KB


there is a pdf which comes along and that explain the thingy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,098
  • Apr 8, 2014 3:18am Apr 8, 2014 3:18am
Quoting emmanuel7788
{quote} Here you go: {image} there is a pdf which comes along and that explain the thingy.
Thank you, Emmanuel. I still can't believe people are trying to fight you whilst you're being one of the most helpful guys here in so many ways.
Those who know don't talk. Those who talk don't know.
  • #35,099
  • Apr 8, 2014 3:26am Apr 8, 2014 3:26am
Quoting hugecat
{quote} Thank you, Emmanuel. I still can't believe people are trying to fight you whilst you're being one of the most helpful guys here in so many ways.

I have nothing more that I want to say about some people here.

I just concentrate on my trading and helping those who open up their minds to learn to trade and to learn to trade with TMS 5-Method. Calmness and composure are two very important things which traders must have to ensure a successful long term both in life and in trading for a living.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,100
  • Apr 8, 2014 3:33am Apr 8, 2014 3:33am
Quoting hugecat
{quote} Thank you, Emmanuel. I still can't believe people are trying to fight you whilst you're being one of the most helpful guys here in so many ways.
Welcome to a no- negative no -trashing people zone
.... laughing all the way to the bank
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