Trading Made Simple | Page 1879 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #37,561
  • May 15, 2014 11:19pm May 15, 2014 11:19pm
Quoting pastecopy
How to analyze this for 1H intraday trade? From the H4, it's going down but on the D1, though the HA is still red but it may signaling to reverse due to it broke yesterday D1 inside bar. In this kind of situation how am I going to trade the bias? Trade Long due to it broke ystd D1 inside bar or trade Short to follow H4's trend? Most of the time I have challenge on deciding the bias when the higher TFs (H4 & D1) are conflict with each other. Thank you for your feedback, {image} {image} {image}
Not a TMS answer but yesterday GA hit weekly demand. Probably not a strong area, and will eventually weaken further with successive dips into that area.

EURUSD did a similar move yesterday as it hit Hourly/Daily demand area.

Knowing there is demand/supply means I can be aggressive on TDI entry
Attached Image (click to enlarge)
Click to Enlarge Name: sdeurusdh1.png Size: 43 KB
  • #37,562
  • May 15, 2014 11:26pm May 15, 2014 11:26pm
Quoting alex8585
USDCHF short !! ST 89.650 TP 87700 can't upload the chart.

I waited all week for consolidation, and now I see a nice WRB/MC but it is Friday. So I shall wait till next week open, let the bearish trend establish itself first and then build up positions gradually ...
For me it is PA @ Suport and Resistance PASR and let the TDI confirms. Why? because we are trend trading with the TDI which is based on the RSI data and that shows use the relative price strength in lagging mode.

PATIENCE !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,563
  • May 15, 2014 11:45pm May 15, 2014 11:45pm
Quoting lastingwell
{quote}No, if you're on the m15 chart when you put the vertical line on the chart, then change the timeframe to the h1 and h4 the vertical line will still say the same thing as mine did.

Afternoon Lastingwell,

I love it when you talk straight with your answers, well done again.
Keep up the good work.

cheers

Markup
Make sure that the light at the end of the tunnel is not an on coming train
  • #37,564
  • May 16, 2014 12:11am May 16, 2014 12:11am
Quoting emmanuel7788
{quote} I waited all week for consolidation, and now I see a nice WRB/MC but it is Friday. So I shall wait till next week open, let the bearish trend establish itself first and then build up positions gradually ... For me it is PA @ Suport and Resistance PASR and let the TDI confirms. Why? because we are trend trading with the TDI which is based on the RSI data and that shows use the relative price strength in lagging mode. PATIENCE !
Maybe you are right but because of fear missing that trade and you know the reasons i preferd to take the risk jumping a little bit earlier.

Although i am very greatful for all your advices overall.

Good trades to all see you next week.

Alex
  • #37,565
  • May 16, 2014 12:36am May 16, 2014 12:36am
Quoting lastingwell
{quote}No, if you're on the m15 chart when you put the vertical line on the chart, then change the timeframe to the h1 and h4 the vertical line will still say the same thing as mine did.
ahhh...had not used the vertical line like that before. Thanks!
  • #37,566
  • May 16, 2014 2:24am May 16, 2014 2:24am
Kanderpro - hope by now you have managed to install your indicator(s) to the new-build MT4. However, if you (or any others) are still having trouble doing this then head over to compassfx.com where Dean Malone (creator of the TDI) has produced an excellent video dealing with this issue, showing exactly how to go about it.
  • #37,567
  • May 16, 2014 2:45am May 16, 2014 2:45am
Quoting asaljay
{quote} Kanderpro Hi hope you are sorted but if not this is what I do ......
Hello asaljay,
Thanks. Rather than clutter the thread, I will PM you.
Kan
Thanks for your help, warmth and straight talking Heather.
  • #37,568
  • May 16, 2014 2:57am May 16, 2014 2:57am
Quoting Tanglewood
Kanderpro - hope by now you have managed to install your indicator(s) to the new-build MT4. However, if you (or any others) are still having trouble doing this then head over to compassfx.com where Dean Malone (creator of the TDI) has produced an excellent video dealing with this issue, showing exactly how to go about it.
Hello Tanglewood,
Thanks for that. I'll watch that video now.
Kan
Thanks for your help, warmth and straight talking Heather.
  • #37,569
  • May 16, 2014 4:24am May 16, 2014 4:24am
EURJPY H4 Trade +120 pips

Bounce trade based on TDI.

EXIT - Initial SL 60 pips & TP 120 pips(2 times risk), Moved to BE once price moved 20 pips in favor then 45 pips JSL.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh4.png Size: 48 KB
  • #37,570
  • May 16, 2014 4:55am May 16, 2014 4:55am
EURAUD....+32
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 5-16-2014.png Size: 54 KB
Sad i'm not trying to understand PA
  • #37,571
  • May 16, 2014 5:13am May 16, 2014 5:13am
Quoting omonisha
EURAUD....+32 {image}

Excellent trade entry . Bearish Engulfing Bar BEEB

I have the same trade now protected at BE.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,572
  • May 16, 2014 5:33am May 16, 2014 5:33am
Quoting emmanuel7788
{quote} Hi, Today is Friday, so I wont be taking any new 4H swing trades. But as an exercise to learn, which I did before this week open. Go to the Monthly chart and look at the March and April Monthly candles, do you see the March close and April open price levels, draw a line across this level, then to to Weekly and then Daily charts and then H4 chart look at how the market traded this week from Monday to Thursday. Look at H4 chart, price move down following previous W bias, with a nice PCRF at the Previous Week Pivot and RN 1.8050, but stopped...
Before:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week20 H1 16May Friday.png Size: 49 KB


After:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD week20 H1 16May setups.png Size: 73 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,573
  • May 16, 2014 5:40am May 16, 2014 5:40am
Quoting emmanuel7788
GBPNZD week20 H4 trade 15May: Here is a trade taken around a Historical Price Swing Level. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD week20 H4 trade 15May.png Size: 39 KB


Trade Update:
Move stop to last exit level and set a TP for closing the week.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD week20 H4 trade update 16May.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,574
  • Edited 6:02am May 16, 2014 5:52am | Edited 6:02am
Quoting emmanuel7788
{quote} Excellent trade entry . Bearish Engulfing Bar BEEB I have the same trade now protected at BE.
I'm in this H1 trade too. It's also a PCRF with divergence at a BRN and the Previous Weekly Low at the heart line of the channel. Also potential to once again have the High of the London session in its first 3 bars.
Kan
Thanks for your help, warmth and straight talking Heather.
  • #37,575
  • May 16, 2014 5:59am May 16, 2014 5:59am
Quoting Kanderpro
{quote} I'm in this H1 trade too. It's also a PCRF with divergence at a BRN and the Previous Weekly Low at the heart line of the channel. Kan
Zoom out, you will see the CONFLUENCE of Prev W Low and Prev D High and BRN 1.4700 ... this is re-testing of resistance using the OHLC as natural support and resistance . High probability setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,576
  • May 16, 2014 6:30am May 16, 2014 6:30am
EURAUD H1

1st trade was after LO, as EURAUD broke above the FO candle and the TOK_5H channel and TDI cross up. Price continued above the previous weeks low (purple line), but couldn't stay above and returned. Exit near B/E.

Quoting omonisha
EURAUD....+32 {image}
I had the same trade, but held some parts of the trade a little longer with nearly the same result
2nd trade on PCRF and TDI cross down.
After the quick and constantly move down of up to 44 pips in one H1 candle I exited 1/2 of the pos. with +39 pips. Often the move will not continue immediately and take a rest. Like this one. On the next candle I exited another 1/4 and as the 3rd candle couldn't break the former low I exited a little late on the further retracement.

Overall +33 pips in average for the total position.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-16 14.550 EURAUD H1- profit.png Size: 80 KB
fxFox (all times in my charts are GMT+1)
  • #37,577
  • May 16, 2014 6:40am May 16, 2014 6:40am
Quoting fxFox.mb
EURAUD H1 1st trade was after LO, as EURAUD broke above the FO candle and the TOK_5H channel and TDI cross up. Price continued above the previous weeks low (purple line), but couldn't stay above and returned. Exit near B/E. {quote} I had the same trade, but held some parts of the trade a little longer with nearly the same result 2nd trade on PCRF and TDI cross down. After the quick and constantly move down of up to 44 pips in one H1 candle I exited 1/2 of the pos. with +39 pips. Often the move will not continue immediately and take a rest. Like...
good trade as usual. I took similar trade and I reckon I will be taken out at b/e. I think it will be the same for Emmanuel
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1.png Size: 63 KB
the cautious seldom err....C
  • #37,578
  • May 16, 2014 7:23am May 16, 2014 7:23am
Quoting pips29
{quote} good trade as usual. I took similar trade and I reckon I will be taken out at b/e. I think it will be the same for Emmanuel {image}
Maybe, but just wait a little.

Thats not a real sagacity - but when the high of the last two candles is taken out, your SL will be reached, because then we have something like a 3H pinbar.

But currently it stays below and we have a TDI decision between bounce and cross. The next hour will bring clarity. If it wouldn't be friday afternoon I would think about to enter long on the break of the high.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-16 16.25 EURAUD H1- status.png Size: 11 KB
fxFox (all times in my charts are GMT+1)
  • #37,579
  • May 16, 2014 8:03am May 16, 2014 8:03am
Quoting emmanuel7788
{quote} {image} Trade Update: Move stop to last exit level and set a TP for closing the week. {image}

Excelent Big EMU....i went on this too today as Tok_5h break...wasn't able to monitor so closed manually.....missed +50
Attached Image (click to enlarge)
Click to Enlarge Name: Image 127.png Size: 52 KB
Sad i'm not trying to understand PA
  • #37,580
  • Edited 9:34am May 16, 2014 9:18am | Edited 9:34am
The GN chart is almost similar to the EA where it went up after Asian session breakout and then pullback, signaled from Bearish Engulfing Bar. The GN was with a bearish bar or PCRF was seen, I shorted but it went against me .

Any feedback for this?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture5.png Size: 267 KB
110 traders viewing now