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Trading Made Simple

  • #38,041
  • Jun 4, 2014 3:23am Jun 4, 2014 3:23am
Quoting PROredart
{quote} If the H4 candle is bullish, we have to follow up direction on H1 chart, right?

Hi PROdart,

Yes, that's correct and what is more important is we must look for momentum in the price.

See eelfranz ' post#3780 on the 5-Method.
Quoting eelfranz
... Lets say I see a trade set up on the 4 hr. chart... I'll look down at the 1 hour chart to see what it's doing before entering. I don't check all time frames below the 4 hour.... just one time frame below the chart I want to trade.
This is more critical when we take reversal trade setups. In continuation setups with TDI bounce, it is different.

Here below is an example using EURUSD just short while ago. There is a H4 setup seen, but that setupo candle has a long lower wick. Look at H1.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4 4Jun LO.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,042
  • Jun 4, 2014 4:12am Jun 4, 2014 4:12am
Woke up to a lovely day with green pips. Took the short on H1 when I saw rejection at monthly pivot, resistence area and the bearish candle on the left of chart. Got nearly 80 pips
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1.png Size: 64 KB
the cautious seldom err....C
  • #38,043
  • Jun 4, 2014 4:24am Jun 4, 2014 4:24am
Quoting emmanuel7788
{quote} Hi PROdart, Yes, that's correct and what is more important is we must look for momentum in the price. See eelfranz ' post#3780 on the 5-Method. {quote} This is more critical when we take reversal trade setups. In continuation setups with TDI bounce, it is different. Here below is an example using EURUSD just short while ago. There is a H4 setup seen, but that setupo candle has a long lower wick. Look at H1. {image}
Thank you very much, I have to learn more and active here too.

Regards
PROredart
PROredart is not PRO trader
  • #38,044
  • Jun 4, 2014 4:52am Jun 4, 2014 4:52am
Quoting emmanuel7788
GBPJPY Week23 4Jun H4 trade. The only decent H4 setup I see in my pairs. It is counter trend to the recent bullish rally, so I must protect early. {image}
I took a short and came out with 1 pip. Towards the left there was an evening star pattern at the last swing high. Keeping an eye at this area. H4 chart
Attached Image (click to enlarge)
Click to Enlarge Name: pic51.png Size: 57 KB
the cautious seldom err....C
  • #38,045
  • Jun 4, 2014 5:07am Jun 4, 2014 5:07am
Quoting emmanuel7788
{quote} Hi PROdart, Yes, that's correct and what is more important is we must look for momentum in the price. See eelfranz ' post#3780 on the 5-Method. {quote} This is more critical when we take reversal trade setups. In continuation setups with TDI bounce, it is different. Here below is an example using EURUSD just short while ago. There is a H4 setup seen, but that setupo candle has a long lower wick. Look at H1. {image}
Did not they say God is in detail? Thanks for one more lesson E.

Please do answer my previous questions, whenever you get time.
  • #38,046
  • Jun 4, 2014 7:04am Jun 4, 2014 7:04am
Quoting emmanuel7788
GBPJPY Week23 4Jun H4 trade. The only decent H4 setup I see in my pairs. It is counter trend to the recent bullish rally, so I must protect early. {image}

This trade I was set up by the market.
Had no chance to scale out and BE as as it did not move +20pips in my favour.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week23 H4 4Jun closed .png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,047
  • Jun 4, 2014 7:05am Jun 4, 2014 7:05am
Quoting adikashyap
{quote} Did not they say God is in detail? Thanks for one more lesson E. Please do answer my previous questions, whenever you get time.

OK, will do so later. Now after my dinner I need my weissen.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,048
  • Jun 4, 2014 7:14am Jun 4, 2014 7:14am
EURCAD still running nicely up.
Anyone added more position ealry today?
Target 60% of average weekly range 1.4920 is in sight.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,049
  • Jun 4, 2014 8:18am Jun 4, 2014 8:18am
Im in ... co incidentally with same TP
Wish me luck ...
  • #38,050
  • Jun 4, 2014 8:20am Jun 4, 2014 8:20am
EURAUD closed at BE +0.3 pips.

20 pips today. Happy to be in positive but still not satisfied yet
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-04_2019.png Size: 81 KB
Everything you can imagine, is real - Pablo Picasso
  • #38,051
  • Jun 4, 2014 9:14am Jun 4, 2014 9:14am
Quoting emmanuel7788
EURCAD still running nicely up. Anyone added more position ealry today? Target 60% of average weekly range 1.4920 is in sight.
EURCAD...Update
Attached Image (click to enlarge)
Click to Enlarge Name: Update EURCAD.png Size: 49 KB
Sad i'm not trying to understand PA
  • #38,052
  • Jun 4, 2014 9:57am Jun 4, 2014 9:57am
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdh1.png Size: 57 KB


Holding AUD/NZD long with target 1.10560. I don't feel really safe with this trade because TDI shows bearish but D1 H4 still strong bullish.

What do you think?
  • #38,053
  • Jun 4, 2014 11:32am Jun 4, 2014 11:32am
Hi all, I've been out of touch with this system for about 6 months now, I was wondering if there were any compiled pdfs to read to catch up on with this system?
Thanks!
  • #38,054
  • Jun 4, 2014 12:06pm Jun 4, 2014 12:06pm
Just got back about15mins ago. My first trade of the day. Short taken when price could not close above previous swing high. Two H4 candles close below the swing high Risking 40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh4.png Size: 69 KB
the cautious seldom err....C
  • #38,055
  • Jun 4, 2014 2:36pm Jun 4, 2014 2:36pm
Quoting dignitas
{image} Holding AUD/NZD long with target 1.10560. I don't feel really safe with this trade because TDI shows bearish but D1 H4 still strong bullish. What do you think?
I concur, the 4hr and daily are still pointing up.
Being good at what you do is a result of having fun
  • #38,056
  • Jun 4, 2014 6:22pm Jun 4, 2014 6:22pm
Quoting dforant1
{quote} Which one ya lookin for? There's >10systems in this kaleidoscope of TMS. A chicken in every pot..
Oh gosh, never knew there were so many. I supppose I only know the original TMS and the version adopted by Phx62. But am more than happy to read other versions that you find more useful if you will point me towards it.
  • #38,057
  • Jun 4, 2014 6:27pm Jun 4, 2014 6:27pm
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}
EURCAD Week23 Trade:
As this is counter trend and I traded according to my trading plan, I closed my trades with a total 136pips.
This is a nice shallow retracement of the Monthly candle and catching 60% of the weekly raneg of between 210 pips and 270pips.
The Day candle still is bullish but market reacted to the data release last night.
We shall see if there will be reversal of the Primary Trend.

Attached Image (click to enlarge)
Click to Enlarge Name: EUDCAD Week23 Trades closed.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,058
  • Jun 4, 2014 6:35pm Jun 4, 2014 6:35pm
Quoting omonisha
{quote} EURCAD...Update {image}

Very nice trades on H1. Well done!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,059
  • Edited Jun 5, 2014 12:08pm Jun 4, 2014 6:48pm | Edited Jun 5, 2014 12:08pm
Quoting emmanuel7788
{quote} EURCAD Week23 Trade: As this is counter trend and I traded according to my trading plan, I closed my trades with a total 136pips. This is a nice shallow retracement of the Monthly candle and catching 60% of the weekly raneg of between 210 pips and 270pips. The Day candle still is bullish but market reacted to the data release last night. We shall see if there will be reversal of the Primary Trend. {image}
Hi ,emmanuel

Try this


Updated version posted here :Trading Made Simple
  • #38,060
  • Jun 4, 2014 8:24pm Jun 4, 2014 8:24pm
EURJPY Week23 D chart 5Jun
Looks like a potential reversal on D, but still early. LTF entry may work out.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week23 D chart 5Jun.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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