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Trading Made Simple

  • #37,101
  • May 5, 2014 1:35am May 5, 2014 1:35am
Started a new week with a GBP/JPY trade. Did a lot of back test during last days, so trying to find my way on trading H1 charts. Read all posts of Phx62 also on this thread. First mistake in this treade is my late enter. I have missed another 5-10 pips because of late enter. And second is that only 1 pip price didn't go to hit my TP 40 pips. It's night my time, so when i wake up there was only +19 pips and i decided to close it before London Open. So that's a start of a week, not so bad for me, but it could be even better Waiting for LO now.
Attached Image (click to enlarge)
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  • #37,102
  • May 5, 2014 1:36am May 5, 2014 1:36am
EURNZD week19 H4:

Now watching closely how this will develop this week and into next week.
It is counter trend to last week's strong move down.
Better to let price develop in a consolidation and see how the TDI PL and TSL will move above the MBL.
There is a huge Weekly Master Candle.
watch out 1.6200 BRN.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD week19 H4 GMT0630 .png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,103
  • May 5, 2014 1:56am May 5, 2014 1:56am
[quote=mary4x;7446468]{quote}
Quoting ababias
"...Did anyone...trade Dean Malone's Dot Guppy method? If yes, how are the results...?" I tried the DOTS Guppy method, but couldn't stay with it when the private room was opened. I wish there was a thread for it here on FF so we could work with it together.
The crossovers of PA over the GMMA long seem to correlate quite well with the green line over MBS on the TDI.

Though when the Guppy is very wide its less probable that PA will break it. Breaks tend to come when the Guppy is narrow and constricted. Not always though. Not sure the Guppy quite works the same way with Forex, as it does with stocks.
  • #37,104
  • May 5, 2014 2:37am May 5, 2014 2:37am
Bear in mind its UK bank holiday today folks, so London will be quiet
  • #37,105
  • May 5, 2014 2:51am May 5, 2014 2:51am
Quoting hunter101
6AM trade: EA Long. Entered 1.4979
I was thinking about that one, too, but EA seems to have been consolidating for the last week. I'm waiting for a breakout
Attached Image


No 6am trades for me. Every decent setup seems to be in consolidation on H4... Gold had a risky bounce, a bit tight near previous resistance, but I missed it.
Apart from a weak AUDNZD and CADCHF I don't see any 10am setup, either. I hate Mondays
  • #37,106
  • May 5, 2014 3:27am May 5, 2014 3:27am
  •  Hcp
  • | Joined Feb 2008 | Status: Everything Has the Meaning You Give | 74 Posts
TMS can be traded on EOD basis in the same way many stock traders trade their respsective stock exchanges. Just spend some time to do some research , simply Google 'End Of Day Trading' ... you will find some good online resources to read up. In a few months time, I will be sharing on how you can trade once a day using TMS and using just the H1 chart with a big picture view of the market. Meantime, you do some home work and get up to speed in the basic forex stuff. regards, EMMANUEL[/quote]

DEAR EMMANUEL, THANK YOU SO MUCH, EVERY POST FROM YOU I LEARN ONE MORE THING, SO... IT WORTHS. WHEREEVER YOU WANT, PLEASE KEEP POSTING.
REGARDS.
  • #37,107
  • May 5, 2014 3:45am May 5, 2014 3:45am
Dear Omonisha,

Here you go.
Attached File(s)
File Type: ex4 Magnified Symbol & TF on chart.ex4   12 KB | 537 downloads


Regards
  • #37,108
  • May 5, 2014 4:13am May 5, 2014 4:13am
Quoting emmanuel7788
Hi Folks, I have a few members asking me which timeframe they should trade because they all hold fulltime day jobs and they do not have access to their computer and internet access. The immediate answer most get is to trade the Day chart. TMS 5-Method is good for trading all timeframes and this has been tested and proven by many traders in FF. However, if you want o trade only once a day becasue of your full time jobs restrictions during the London session you should start do some research on End Of Day commonlyknow as EOD trading methods and strategies....
Thanks for your info Emmanuel i believe that there is too many people in this situation.
  • #37,109
  • May 5, 2014 4:34am May 5, 2014 4:34am
Quoting MrAussieFX
Dear Omonisha, Here you go. {file} Regards
Hey thanks my friend
Sad i'm not trying to understand PA
  • #37,110
  • May 5, 2014 5:44am May 5, 2014 5:44am
Quoting timginter
{quote}I was thinking about that one, too, but EA seems to have been consolidating for the last week. I'm waiting for a breakout{image} No 6am trades for me. Every decent setup seems to be in consolidation on H4... Gold had a risky bounce, a bit tight near previous resistance, but I missed it. Apart from a weak AUDNZD and CADCHF I don't see any 10am setup, either. I hate Mondays
I was thinking the same thing. This is my 3rd week of first month trading TMS. I saw this and traded it. Still on a 'test phase.' Monday's are usually slow.... Hope Tuesday will bring more opportunities for London Strat.


10AM Trades: None. I was taking a nap and woke up at 11AM... Missed nothing, no possible trades during this time :/
  • #37,111
  • May 5, 2014 6:58am May 5, 2014 6:58am
Trade on this pair still very much alive. In fact, P/O was nearly triggered when it shot up last friday when I encountered internet connection problems. Still bullish on this pair (posted a day chart recently)
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #37,112
  • May 5, 2014 7:41am May 5, 2014 7:41am
I was backtesting GA on Daily as most of my trades will be daily now. This is what I found, Feel free to comment.

1. GA Daily is in a very strong BN 1.82000 and 1.82987 resistance zone.
2. PA broke this zone in bearish trend back on 05-10-2009 and since than tried 6 times to break it in bullish trend and failed every single time including last 22-12-2013 attempt
3. Once PA broke below the above mentioned zone ( which was support at that time) on 05-10-2009 its been floating below this zone ever since.
4. Now after several attempts to penetrate this zone and BN resistance PA is back to where it was back in October 2009.

Will PA be able to break it or will history repeat itself ?

Check GA ADR and trade accordingly...

Below are charts breaking the number of pips PA delivered in 2009 -2010 when it failed to go past this zone. I hope it will help us to make our entry and exit decisions.
Attached Image (click to enlarge)
Click to Enlarge Name: GA Daily Major Resistance today.png Size: 171 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GA Daily Major RESISTANCE.png Size: 175 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GA Weekly Major RESISTANCE.png Size: 180 KB


Regards
  • #37,113
  • May 5, 2014 8:15am May 5, 2014 8:15am
Quoting MrAussieFX
I was backtesting GA on Daily as most of my trades will be daily now. This is what I found, Feel free to comment. 1. GA Daily is in a very strong BN 1.82000 and 1.82987 resistance zone. 2. PA broke this zone in bearish trend back on 05-10-2009 and since than tried 6 times to break it in bullish trend and failed every single time including last 22-12-2013 attempt 3. Once PA broke below the above mentioned zone ( which was support at that time) on 05-10-2009 its been floating below this zone ever since. 4. Now after several attempts to penetrate this...
Looking at the weekly chart, you will notice +ve divergence and also a TDI cross, price is also above the ema. I am biased bullish £ and as a matter of fact I already have 2 long positions on this pair. I am long G/U and G/Cad as well
the cautious seldom err....C
  • #37,114
  • May 5, 2014 8:47am May 5, 2014 8:47am
Quoting pips29
{quote} Looking at the weekly chart, you will notice +ve divergence and also a TDI cross, price is also above the ema. I am biased bullish £ and as a matter of fact I already have 2 long positions on this pair. I am long G/U and G/Cad as well
There is Master Candle (WRB) on H4 with supply so I'm looking for a more immediate, short term bearish setup
That could change though. We have UK Services PMI tomorrow.

(though I admit it all looks rather bullish with regards the Weekly but the entry point was two weeks ago).
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh4.png Size: 48 KB
  • #37,115
  • Edited 9:27pm May 5, 2014 9:08am | Edited 9:27pm
Quoting emmanuel7788
{quote} Hi brandy711, Thanks. I left a part of my heart in this thread. Hoem is after all where the heart is. If I can help just one person learn to trade and trade better, that is sufficient and make my day. Of course, I do miss the target sometimes and I am glad that many folks here understand and they are kind and gentle with me. {image} Trade Well. regards, EMMANUEL
(If I can help just one person learn to trade and trade better, that is sufficient and make my day)Thanks for your kindness!


Welcome back! I don' know how other,but when you are not came here for around 2 weeks,seems missed of something,i do not mind read more threads. Anybody that come to this thread has the right to voice the opinions,right! than this is my opinion.Thanks!
  • #37,116
  • May 5, 2014 9:14am May 5, 2014 9:14am
Quoting MrAussieFX
I was backtesting GA on Daily as most of my trades will be daily now. This is what I found, Feel free to comment. 1. GA Daily is in a very strong BN 1.82000 and 1.82987 resistance zone. 2. PA broke this zone in bearish trend back on 05-10-2009 and since than tried 6 times to break it in bullish trend and failed every single time including last 22-12-2013 attempt 3. Once PA broke below the above mentioned zone ( which was support at that time) on 05-10-2009 its been floating below this zone ever since. 4. Now after several attempts to penetrate this...
Thank you for your explanation,your charts loo shap,good work,your contribution is appreciated,happy trading
  • #37,117
  • May 5, 2014 10:25am May 5, 2014 10:25am
Quoting emmanuel7788
Hi Folks, I have a few members asking me which timeframe they should trade because they all hold fulltime day jobs and they do not have access to their computer and internet access. The immediate answer most get is to trade the Day chart. TMS 5-Method is good for trading all timeframes and this has been tested and proven by many traders in FF. However, if you want o trade only once a day becasue of your full time jobs restrictions during the London session you should start do some research on End Of Day commonlyknow as EOD trading methods and strategies....

Hello Emmanuel,

You have always helped other traders through your posts as well as answering their questions.

I would eagerly await the time when you start sharing your ideas about "Trading once a day using TMS".

Thank you.
  • #37,118
  • May 5, 2014 12:03pm May 5, 2014 12:03pm
Am I correct.. good setups right now for USDJPY, USDCHF, cdjpy
visit www.OlimpiaFX.com
  • #37,119
  • May 5, 2014 1:29pm May 5, 2014 1:29pm
Quoting olimpia
Am I correct.. good setups right now for USDJPY, USDCHF, cdjpy
Good point, I'll be watching.
  • #37,120
  • May 5, 2014 2:18pm May 5, 2014 2:18pm
Quoting olimpia
Am I correct.. good setups right now for USDJPY, USDCHF, cdjpy
There is a bank holiday today and tommorow in Japan so be careful with JPY pairs!!
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