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Trading Made Simple

  • #37,261
  • May 8, 2014 9:30am May 8, 2014 9:30am
EURJPY trades the last two days

+40 pips on long move yesterday after lunch time
B/E on short this morning on Frankfurt open
+50 pips on PCRF entry long with boost of the ECB and luck that the bad news came after the exit

The nice and fast downmove was surprising me and it was too late to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-08 15.00 EURJPY H1 - profit.png Size: 154 KB
fxFox (all times in my charts are GMT+1)
  • #37,262
  • May 8, 2014 10:27am May 8, 2014 10:27am
EJ. Closed +80, +100. I like to enter trades in two lots. Not original TMS as was based on PA on H1, entry on M15. Strictly speaking I probably entered a little too early, and should have waited for price to clear the bottom of the previous candle, but momentum was strong, and candle high gave plenty of room for SL should price reverse again. Besides, Candle high pulled back from horizontal resistance, and closed below trendline. Divergence also on H1 and M15.

Closed 1st lot on support. Left 2nd lot with trailing stop loss of 30 pips, keeping eye on HA candles on H1 and M15. M15 finally showed some consolidation and started to turn blue. Price may yet go lower, but likely to retrace first, I think. Ran out of patience so exited second lot as well. Wished everyday was like this one.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 145 KB
  • #37,263
  • May 8, 2014 11:48am May 8, 2014 11:48am
Hi dear friends, I had looking this page since yesterday and is awesome!. I been studied for several hours and doing backtesting, and I want to learn more about it.
I been loocking for the indicator TDI with the yellow line but canīt find it, if you can help me it will be fantastic.
Again I give thanks and hope can be part of this.

PD: Sorry if I not write so well, but my born language is Spanish.

From Chile.

Trinquete.
  • #37,264
  • May 8, 2014 12:19pm May 8, 2014 12:19pm
Quoting mact4
EJ. Closed +80, +100. I like to enter trades in two lots. Not original TMS as was based on PA on H1, entry on M15. Strictly speaking I probably entered a little too early, and should have waited for price to clear the bottom of the previous candle, but momentum was strong, and candle high gave plenty of room for SL should price reverse again. Besides, Candle high pulled back from horizontal resistance, and closed below trendline. Divergence also on H1 and M15. Closed 1st lot on support. Left 2nd lot with trailing stop loss of 30 pips, keeping eye...

Hi Mact, wondered why you had the three indicators as they all pretty much show the same thing. Good trades by the way.
  • #37,265
  • May 8, 2014 12:30pm May 8, 2014 12:30pm
Quoting Tanglewood
{quote} Hi Mact, wondered why you had the three indicators as they all pretty much show the same thing. Good trades by the way.
I wondered when someone would ask! The 3 indicators do say pretty much the same thing though there are some subtle differences. Mainly it's my way of dealing with my 'personality'. Basically I need three reminders to help prevent me jumping into and out of a trade without sufficient thought. I hope eventually to outgrow my need for having all 3 indicators.
  • #37,266
  • May 8, 2014 12:31pm May 8, 2014 12:31pm
Quoting lastingwell
{quote} Put this on your chart as well and watch the reaction at the lines. {file}
Hi Lastingwell, many thanks for posting the supply/demand indicator, Only installed it today but it looks useful. Already had s/r lines on my charts but I kinda like the areas or zones that this indicator highlights.
  • #37,267
  • May 8, 2014 12:42pm May 8, 2014 12:42pm
Quoting mact4
{quote} I wondered when someone would ask! The 3 indicators do say pretty much the same thing though there are some subtle differences. Mainly it's my way of dealing with my 'personality'. Basically I need three reminders to help prevent me jumping into and out of a trade without sufficient thought. I hope eventually to outgrow my need for having all 3 indicators.
No prob mact, fully understand, it's what you get used to and I know you get a sort of reassurance from indicators confirming a particular set-up. To my mind it's results that count not theory and if a particular chart set-up works more often than not then that's all you need. Took me quite a while to realise that in trading I only needed to learn one thing that worked for me.
  • #37,268
  • May 8, 2014 12:44pm May 8, 2014 12:44pm
Quoting Trinquete
Hi dear friends, I had looking this page since yesterday and is awesome!. I been studied for several hours and doing backtesting, and I want to learn more about it. I been loocking for the indicator TDI with the yellow line but canīt find it, if you can help me it will be fantastic. Again I give thanks and hope can be part of this. PD: Sorry if I not write so well, but my born language is Spanish. From Chile. Trinquete.
Just go to properties of TDI and click on color menu. Change the color of the second line.
Attached Image
  • #37,269
  • May 8, 2014 3:19pm May 8, 2014 3:19pm
Quoting WDays
{quote} The euro crashed and burned because Draghi hinted towards another rate cut in June Fundemantally, the ECB is targetting the ever decreasing inflation (desinflation) by increasing lending (and thus consumption)... Correlatively, a rate cut is usually bearish for the currency, since yields on bonds are calculated based on central bank interest rate, among other things... {quote} There is no bull trend on EU, for a number of reasons, price is simply being kept high. Any time the euro dips lower, it is being forced back up by central banks....
This is your personal view and only.
For me if the price is above 55 EMA since 17.07.2013 and have been tested many times and resist it is bull trend so simple.

Now if that facts occurs because central banks wants it i didn't care at all i look were the price find less resistance and definitely it is to the top that is my definition for bull trend and BULL MARKET which is different topic.

Also take in consideration the time i wrote my reply what would have happen to your capital if you had bought as i mentioned and what if you had sold for that specific moment.

I think my examples gives clear answer to any doubts. i am not here to teach anyone but believe me i first think and then reply to any question .

Good day to all TMS traders.
  • #37,270
  • May 8, 2014 3:59pm May 8, 2014 3:59pm
Hmmm. I dont if theres something wrong in my mt4 for or something, but i have been trying to download proper As his and TDI, but most of them not working. :/ OP should update post 1 if this problem is for others too.

Edit: After 30min search, found something to trade with
  • #37,271
  • May 8, 2014 4:48pm May 8, 2014 4:48pm
Quoting medIce
Hmmm. I dont if theres something wrong in my mt4 for or something, but i have been trying to download proper As his and TDI, but most of them not working. :/ OP should update post 1 if this problem is for others too. Edit: After 30min search, found something to trade with
Eelfranz passed away a couple of years ago unfortunately.
  • #37,272
  • May 8, 2014 5:46pm May 8, 2014 5:46pm
Quoting emmanuel7788
EURUSD week19. Trading the higher timeframes help us stay away from the market noise. EU should be on target for 110pips if you recall my D chart Big Picture Plan posted few days ago. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1 TMS chart.png Size: 86 KB


Here is how the market works using the news factor.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week19 8May D chart.png Size: 69 KB


So we need to ask ourselves, what is our EDGE when we trade with TMS 5-Method?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,273
  • May 8, 2014 6:08pm May 8, 2014 6:08pm
Quoting emmanuel7788
{quote} GBPNZD bullish for 2 days, and now market pause at BRN 1.9600, and there 1.9627 which is a Historical Swing Level. The break of this level will usually be a huge candle. Buy low is a better idea. Read my post#37203
Here is another example of how the market uses the news factor and draw in buyers in lower timeframes. Traders chasing the trending condition till ....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD week19 H4 POMO.png Size: 77 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,274
  • May 8, 2014 6:12pm May 8, 2014 6:12pm
Quoting emmanuel7788
{quote} Here is another example of how the market uses the news factor and draw in buyers in lower timeframes. Traders chasing the trending condition till .... {image}

emmanuel can you share the channel indicator ?
Take what the market gives you.
  • #37,275
  • May 8, 2014 6:32pm May 8, 2014 6:32pm
Quoting Tiggrrr
{quote} emmanuel can you share the channel indicator ?

That channel is the Starc Band which we discussed in this thread many months ago.
You will find that in the attachments.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,276
  • May 8, 2014 6:58pm May 8, 2014 6:58pm
Quoting emmanuel7788
{quote} {image} Here is how the market works using the news factor. {image} So we need to ask ourselves, what is our EDGE when we trade with TMS 5-Method?
Hello Emmanuel,

I like your methodology of looking at the higher time frames... something that is easy to overlook in the heat of trading the lower time frames.

How did you arrive at the 110 target? Was it the previous WRB (Wide Range Bar) or the top Purple colored line? And is the top purple line a Monthly resistance line? And if so, how do you generate it? I have several indies but yours looks clean and simple. Also, in your chart you write: Here we see a Wide Rage Bar at the Historical MN price swing level. Which line (if there is one) is the Historical MN swing level? I was thinking it was the top purple line, but it's above the WRB.

Also, another acronym I can't decipher: what does BRN and RN stand for please?
  • #37,277
  • May 8, 2014 9:26pm May 8, 2014 9:26pm
Quoting lastingwell
{quote}Eelfranz passed away a couple of years ago unfortunately.

Do you know the cause for his untimely death? Wish he was still around.
  • #37,278
  • Edited 11:04pm May 8, 2014 10:24pm | Edited 11:04pm
Quoting darranforex
{quote} Hello Emmanuel, I like your methodology of looking at the higher time frames... something that is easy to overlook in the heat of trading the lower time frames. How did you arrive at the 110 target? Was it the previous WRB (Wide Range Bar) or the top Purple colored line? And is the top purple line a Monthly resistance line? And if so, how do you generate it? I have several indies but yours looks clean and simple. Also, in your chart you write: Here we see a Wide Rage Bar at the Historical MN price swing level. Which line (if there is one)...
Attached Image


They are basically used for entry in and exits from the trades.
Attached Image


Regards
  • #37,279
  • May 8, 2014 10:38pm May 8, 2014 10:38pm
I posted GA daily backtesting results in post# 37,123 Here on 05/05/14 and today GA daily is bearish and moved 100 pips down. Will it be stopped by near support or not. Comments welcome.

Attached Image (click to enlarge)
Click to Enlarge Name: GA Daily Current Status 090514.png Size: 72 KB


I didn't take this trade as I am already in AU daily and EG daily.

Regards
  • #37,280
  • May 8, 2014 10:54pm May 8, 2014 10:54pm
AU daily

Attached Image (click to enlarge)
Click to Enlarge Name: AU Daily Buy 050714.png Size: 164 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AU Daily Current Trade 090514.png Size: 198 KB


EG daily

Attached Image (click to enlarge)
Click to Enlarge Name: EG Daily Sell 070514.png Size: 186 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EG Daily Profit taken 090514.png Size: 206 KB


I believe I am having some trouble with Cavemanager. It was set to take 40% at 20 pips, 30% at 50 pips and let the rest run but it started taking profits and now I'm running this trade with my last batch. I am more than happy to discuss this with PM. Please see attached image below
Attached Image (click to enlarge)
Click to Enlarge Name: EG cavemanager problem.png Size: 44 KB


Kind regards
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