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Trading Made Simple

  • #37,961
  • Jun 1, 2014 12:13pm Jun 1, 2014 12:13pm
Quoting pips29
took this trade on the daily about 45 mins before Friday close. Thursday closed with a hammer and friday was showing a bearish candle. Took this as confirmation of bearish move with SL just some pips above the high. Comments welcome {image}
Hi Pips,

If the Friday D candle had a strong bearish close then it would have some merit, as per page one, but with the bullish close and supply possibly flipping to demand it could be struggling.
Attached Image (click to enlarge)
Click to Enlarge Name: 1st June 14 USD:CHF D1 Chart.png Size: 141 KB
  • #37,962
  • Jun 1, 2014 12:16pm Jun 1, 2014 12:16pm
Quoting stevepatt
{quote} Hi Pips, If the Friday D candle had a strong bearish close then it would have some merit, as per page one, but with the bullish close and supply possibly flipping to demand it could be struggling. {image}
I am confused. What do you mean about with saying "Bullish close of a bearish candle".

Thanks.
  • #37,963
  • Jun 1, 2014 12:20pm Jun 1, 2014 12:20pm
Quoting emmanuel7788
EURCAD Week23 and June trading: This pair and GBPCAD both looks very interesting with their Monthly candle close. Their wide weekly average trading range makes it a candidate for 4H swing trading. Let's see how we can grab 100pips off this pair next week. Both counter-trend and following the bearish MN candle close are possible. {image}
Hi Emm, just want to thank you for your continued support and clear explanation of thought process, you are really making a difference I can't thank you enough.
  • #37,964
  • Jun 1, 2014 12:46pm Jun 1, 2014 12:46pm
Quoting MoneyTalks58
{quote} I am confused. What do you mean about with saying "Bullish close of a bearish candle". Thanks.

Hi MoneyTalks,

Sorry for the confusion, see image below, also look at Fridays close on H1 it shows the last two hours, of Friday, being very bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: 1st June 14 USD:CHF D1 Chart.png Size: 46 KB
  • #37,965
  • Jun 1, 2014 12:57pm Jun 1, 2014 12:57pm
Potential set up on EA... gotta see how the gap is.

On daily chart, an AB=CD pattern would end right on an important S/R.
Attached Image


On H1 it bounced off trend line with clear TDI cross.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-02_0056.png Size: 27 KB
Everything you can imagine, is real - Pablo Picasso
  • #37,966
  • Jun 1, 2014 1:09pm Jun 1, 2014 1:09pm
GBPAUD daily channel. May be able to use it to hunt for H1/H4 entry this week.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #37,967
  • Jun 1, 2014 6:10pm Jun 1, 2014 6:10pm
Quoting zhangshuo
{quote} hi, Emmanuel: I just started following this thread for a few days. can you double check for me the setting for the MA? Here you said 5EMA shift +3, but it is not the same as in the template? Also what is this MA applied to? THX for your time! Shuo
Hi zhangshuo,

It is 5 EMA, Shift +3, Typical Price (HLC/3)

original by eelfranz.

Quoting eelfranz
SnarlyJ... This is what I have... I originally took the Synergy black, removed the yellow lines, added my 5ema, shift 3, typical and saved it to my template file. {file} {file} {file}
regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,968
  • Edited 7:28pm Jun 1, 2014 6:15pm | Edited 7:28pm
Quoting Piprader
{quote} Hi Emm, just want to thank you for your continued support and clear explanation of thought process, you are really making a difference I can't thank you enough.
Hi Piprader,

You are most welcome.

That is just my approach and I follow that consistently over a longer time and make that work for me.
Other traders have different approaches which also work for them too.
What is more important is to find an approach to trade the market which we become comfortable with and follow that consistently. We can make some fine tuning along the way but do not deviate too much away from a proven and tested methodolody.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,969
  • Jun 1, 2014 9:55pm Jun 1, 2014 9:55pm
I missed the EURAUD move. Very strong bull with nice TDI cross on H1. Anyone on board?
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-02_0955.png Size: 39 KB
Everything you can imagine, is real - Pablo Picasso
  • #37,970
  • Jun 2, 2014 2:18am Jun 2, 2014 2:18am
AUDJPY Week23 H4 trade 2Jun.
A classic TMS 5-Method setup with Divergence seen.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week23 H4 trade 2Jun.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,971
  • Jun 2, 2014 3:03am Jun 2, 2014 3:03am
EURAUD Week23 2Jun M15 scalping trade.
Took this trade when price hit the daily ADR and attempt catch the retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week23 M15 scalp trade.png Size: 44 KB


Edit: On H1, you should see a H1 setup at LO+1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,972
  • Jun 2, 2014 3:56am Jun 2, 2014 3:56am
Quoting emmanuel7788
EURAUD Week23 2Jun M15 scalping trade. Took this trade when price hit the daily ADR and attempt catch the retracement. {image} Edit: On H1, you should see a H1 setup at LO+1
In the same trade. Still holding it. Not sure if I'm being too optimistic, I'm targeting the swing low.

Also entered EURCAD which was closed at BE+1, and AUDJPY which closed -9 pips.
Everything you can imagine, is real - Pablo Picasso
  • #37,973
  • Jun 2, 2014 6:42am Jun 2, 2014 6:42am
Quoting emmanuel7788
EURAUD Week23 2Jun M15 scalping trade. Took this trade when price hit the daily ADR and attempt catch the retracement. {image} Edit: On H1, you should see a H1 setup at LO+1
Trade closed at BE+.
No momentum.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week23 M15 scalp trade closed.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,974
  • Jun 2, 2014 8:11am Jun 2, 2014 8:11am
EA's H1 harmonic move was quite amazing today.
Both up move were about 100
Both down moves were also around 45 pips.
Classic AB=CD.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #37,975
  • Jun 2, 2014 8:30am Jun 2, 2014 8:30am
hello all, is there any wins from this system? i have opened 2 positions according to rules but its look like price is gonna hunt SL.. SL chase game surely.. see picture and please comment was it a wrong setup? both are wrong trades?
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-02_18-21_MetaTrader.jpg Size: 198 KB
  • #37,976
  • Jun 2, 2014 8:46am Jun 2, 2014 8:46am
Quoting xetrader
hello all, is there any wins from this system? i have opened 2 positions according to rules but its look like price is gonna hunt SL.. SL chase game surely.. see picture and please comment was it a wrong setup? both are wrong trades? {image}

Hi xetrader,

Take a look at both pairs on H4 and D1, if you are trading H1 you need to be in line with the higher time frames.
  • #37,977
  • Jun 2, 2014 9:03am Jun 2, 2014 9:03am
Quoting stevepatt
{quote} Hi xetrader, Take a look at both pairs on H4 and D1, if you are trading H1 you need to be in line with the higher time frames.
what do you mean?
  • #37,978
  • Jun 2, 2014 9:33am Jun 2, 2014 9:33am
Quoting xetrader
{quote} what do you mean?

The USD/CHF pair D1 chart, below, shows this pair to be in a strong up trend I'd only be looking to go long on H1 with this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd June 14 USD:CHF D1 Chart.png Size: 130 KB
  • #37,979
  • Jun 2, 2014 10:06am Jun 2, 2014 10:06am
I've been in this EUR/USD D1 trade since 20th May.

This isn't trading TMS as page one, I'm not getting out when the Average Price Bars turn bullish but there's a good reason for that the market is testing the previous Demand/Swing level after making a new lower low.

I couldn't make this work if I was jumping in and out of the market every time the APBs went against me. As long as I can see a good chance of a trend continuing then I will stay in a trade until I think otherwise.

All I'm looking for is the market to be below/above the PAC and the PAC to be either pointing down to trade short or up to trade long. Once I see that I look for the market to pull back and then PA to take a trade with the prevailing trend and as long as I see the trend continuing I stay in the trade until it hits my target.
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd June 14 EUR:USD D1 Chart.png Size: 171 KB
  • #37,980
  • Jun 2, 2014 10:25am Jun 2, 2014 10:25am
Quoting xetrader
hello all, is there any wins from this system? i have opened 2 positions according to rules but its look like price is gonna hunt SL.. SL chase game surely.. see picture and please comment was it a wrong setup? both are wrong trades? {image}
Hi Xetrader. Welcome to TMS.

I highly recommend you stick to H4 charts if you're new. Going lower to H1 or M15 is much harder to trade. Do go back to page 1 and read Big E's posts and example page by page and don't jump to the latest pages just yet. Many seniors has adapted TMS to fit their own trading style and I don't want you to get confused by many different variations yet. Stick to only 1 method first, and I recommend Big E's

Now to take a deeper look at your entry

1. as defined by Big E, he only took trades if TDI cross occurs within 2 Heiken Ashi candle color change. Yours looks like it happens on the 3rd candle so it's already too late.

2. According to my xADR, EURUSD has average daily range of 54 pips. If you measure the movement from top to bottom, the pair has already moved 58 pips. So you can not expect much more movement from it after that.
Everything you can imagine, is real - Pablo Picasso
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