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Trading Made Simple

  • #39,501
  • Jul 8, 2014 12:26am Jul 8, 2014 12:26am
Here is a good cross, however this candle was 1hr and 19 minutes late. I like to take them within 30 minutes of bar start when possible.
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Click to Enlarge Name: AUDJPYH4.png Size: 64 KB
If you are good at something, never do it for free--Joker
  • #39,502
  • Jul 8, 2014 12:37am Jul 8, 2014 12:37am
Quoting jmn5611
Here is a good cross, however this candle was 1hr and 19 minutes late. I like to take them within 30 minutes of bar start when possible. {image}

Thanks for the heads up on this trade. What indicators are you using on your main window to get the vertical colors? Would I need that for the TDI trading?
  • #39,503
  • Jul 8, 2014 12:38am Jul 8, 2014 12:38am
anyone in gold short?
Attached Image (click to enlarge)
Click to Enlarge Name: xauusddaily tms sell entered tue 8.7.14.png Size: 68 KB
Appreciation is the key to wealth and happiness
  • #39,504
  • Jul 8, 2014 12:41am Jul 8, 2014 12:41am
Quoting CompassDude
{quote} Thanks for the heads up on this trade. What indicators are you using on your main window to get the vertical colors? Would I need that for the TDI trading?
NO.

The other stuff is all S/R stuff. If you want the template google nanningbob 10.7. It is a S/R template designed specifically for use with other systems.
If you are good at something, never do it for free--Joker
  • #39,505
  • Jul 8, 2014 1:17am Jul 8, 2014 1:17am
Quoting likica
anyone in gold short? {image}

I always enter a trade with a pending order to try and avoid the market reversing on me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8th July 14 Gold W1 Chart.png Size: 168 KB
Click to Enlarge Name: 8th July 14 Gold D1 Chart.png Size: 146 KB
  • #39,506
  • Jul 8, 2014 1:21am Jul 8, 2014 1:21am
Quoting likica
{quote} Hi Janfx, As I mentioned earlier, look at D1 chart to see if TDS > 68 or Stoc>80, if there is a short signal on H1 chart, I would not get in yet as price might go higher and my short could be stopped out before it came down toward my profit target, and would not go long yet if either TDS<32 or stoc<20 on D1. Many of us would want to get in at top/bottom but we don't know if we are really at top/bottom until price makes new high/low.
Would you share an example please, these informatin are veryy important, ven just picking any random chart to show how you interput the D candle with TDI OB and OS to search for trade on H1 or H4
I Have Learned to Take Some Losses to Make Profits
  • #39,507
  • Jul 8, 2014 1:27am Jul 8, 2014 1:27am
Quoting likica
anyone in gold short? {image}
Mble can show market sentiment too, in case of Gold short and looking at the weakness on seller on H1 and up rising MBL, that shows that the uptrend is still intact , Emmanuel used to say never short on Uprising MBL

Good Luck , and hope you manage well and many green pips to you
Attached Image (click to enlarge)
Click to Enlarge Name: MBL_Gold short.png Size: 77 KB
I Have Learned to Take Some Losses to Make Profits
  • #39,508
  • Jul 8, 2014 1:29am Jul 8, 2014 1:29am
Quoting stevepatt
{quote} I always enter a trade with a pending order to try and avoid the market reversing on me. {image} {image}
Steve, why do you have the 5 emas on your charts? Just curious.
If you are good at something, never do it for free--Joker
  • #39,509
  • Jul 8, 2014 1:44am Jul 8, 2014 1:44am
Quoting outward
Just started reading the thread Eelfranz Read the 1st 36 pages so far Thanks for giving your time to others 1976 pages is quite a lot to read I have got the basics I like the 4 hr trading method but I would like some confirmation if ok I know the answer is in the thread but it is nice to hear you confirm what I think 1- What time does your first 4 hour candle open at London time that you enter trades if there are any? eg 8am London time 2- What is the last candle you check for possible entries? eg 4pm 3- Do you normally close out all trades at the...
1. This was answered in the pdf.

2. The second one. But this was also answered in the pdf.

3. No. This was answered in the pdf.

4. Definitely answered in the pdf.

You must learn to study. If you do not study, you are going to make mistakes that are going to cost you pips. Learn this pdf and study these charts until you dream about them.

http://www.forexfactory.com/showthre...11#post7584711
If you are good at something, never do it for free--Joker
  • #39,510
  • Jul 8, 2014 2:03am Jul 8, 2014 2:03am
Quoting jmn5611
{quote} Steve, why do you have the 5 emas on your charts? Just curious.
I've only got the Price Action Channel (PAC) which is part of the Synergy Pro APB indicator.
  • #39,511
  • Jul 8, 2014 2:06am Jul 8, 2014 2:06am
Quoting stevepatt
{quote} I've only got the Price Action Channel (PAC) which is part of the Synergy Pro APB indicator.
Yes, I know what they are. This is not an original concept. I was wondering why they are there. Do you use Synergy Pro as part of your trading strategy? If so, why?
If you are good at something, never do it for free--Joker
  • #39,512
  • Jul 8, 2014 2:06am Jul 8, 2014 2:06am
Quoting TheScorpS
{quote} Would you share an example please, these informatin are veryy important, ven just picking any random chart to show how you interput the D candle with TDI OB and OS to search for trade on H1 or H4
You might find it easy by looking at my GU d1 & h1 where pink vertical lines marked on both D1 & H1 chart. Some of us here were/are new to TMS and only focused on green crosses red (I did) and entered from H1 and got stopped out a few times and got mad at the market and the method ( I did ). Of course now I know that candle size is important too as it tells us if buyers or sellers are strong at the time. Well, that's my observation, others have different view to share like I learnt from Lastingwell's charts about leaving enough room to move between green red to MBL (yellow) where Big E did not have yellow line on his chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gu d@o.b & h1 sells.png Size: 185 KB
Appreciation is the key to wealth and happiness
  • #39,513
  • Jul 8, 2014 2:20am Jul 8, 2014 2:20am
Quoting stevepatt
{quote} I always enter a trade with a pending order to try and avoid the market reversing on me. {image} {image}
appreciate your sharing, Stevepatt.
Appreciation is the key to wealth and happiness
  • #39,514
  • Jul 8, 2014 3:01am Jul 8, 2014 3:01am
stopped out on break even in eur/gbp .....are this potential setups?........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbph4 8th.png Size: 29 KB
Click to Enlarge Name: gbpchfh4 8th.png Size: 29 KB
thankyou gregwilson
  • #39,515
  • Jul 8, 2014 3:21am Jul 8, 2014 3:21am
I've entered USD/JPY and EUR/JPY D1 short trades.

I only trade with 0.25% risk because at times I can be in up to four trades at a time.

By doing this I feel more comfortable how many of us are ready to accept a losing streak of 20 trades in a row at 1% risk thats 20% draw down at 0.25% it's 5% draw down it's far better to grow an account slowly than run the risk of a margin call.

This is only my opinion, what I'm comfortable with, it's taken a while, for me, to realise that growing my account slowly will keep me trading for the long run.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8th July 14 USD:JPY D1 Chart.png Size: 148 KB
Click to Enlarge Name: 8th July 14 EUR:JPY D1 Chart.png Size: 179 KB
  • #39,516
  • Jul 8, 2014 3:25am Jul 8, 2014 3:25am
Quoting njokie
stopped out on break even in eur/gbp .....are this potential setups?........ {image} {image}
From my D1 view:
- EG still at o/s (D1 stoc is around 20 level , if u had tight SL, u would be stopped out as price came back before it heads up toward your PT.
- GCHF at o/b so too expensive to buy, but if your Pt is small it might deliver pips. I would wait for a buy signal appear after retrace/correction.
Appreciation is the key to wealth and happiness
  • #39,517
  • Jul 8, 2014 3:33am Jul 8, 2014 3:33am
out of six trades this are the only surviving trades........aud/chf its been many days
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audchfh4 8th23.PNG Size: 33 KB
Click to Enlarge Name: audcadh4 8th.png Size: 32 KB
thankyou gregwilson
  • #39,518
  • Jul 8, 2014 3:40am Jul 8, 2014 3:40am
Quoting likica
{quote} From my D1 view: - EG still at o/s (D1 stoc is around 20 level , if u had tight SL, u would be stopped out as price came back before it heads up toward your PT. - GCHF at o/b so too expensive to buy, but if your Pt is small it might deliver pips. I would wait for a buy signal appear after retrace/correction.
likica u were right......eur.gbp going up again
gbp/chf buy signal invalidated by that bearish candle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbph4 8th e.png Size: 29 KB
Click to Enlarge Name: gbpchfh4 8th g.png Size: 29 KB
thankyou gregwilson
  • #39,519
  • Jul 8, 2014 3:52am Jul 8, 2014 3:52am
Quoting likica
{quote} You might find it easy by looking at my GU d1 & h1 where pink vertical lines marked on both D1 & H1 chart. Some of us here were/are new to TMS and only focused on green crosses red (I did) and entered from H1 and got stopped out a few times and got mad at the market and the method ( I did ). Of course now I know that candle size is important too as it tells us if buyers or sellers are strong at the time. Well, that's my observation, others have different view to share like I learnt from Lastingwell's charts about leaving enough...
Thanks for support, will need to study this chart , anything I don't understand will let you know for the time being have a good day full of green pips
I Have Learned to Take Some Losses to Make Profits
  • #39,520
  • Jul 8, 2014 4:03am Jul 8, 2014 4:03am
Quoting stevepatt
I've entered USD/JPY and EUR/JPY D1 short trades. I only trade with 0.25% risk because at times I can be in up to four trades at a time. By doing this I feel more comfortable how many of us are ready to accept a losing streak of 20 trades in a row at 1% risk thats 20% draw down at 0.25% it's 5% draw down it's far better to grow an account slowly than run the risk of a margin call. This is only my opinion, what I'm comfortable with, it's taken a while, for me, to realise that growing my account slowly will keep me trading for the long run. {image}...
Thats good money management steve.

I missed your answer about my query as to the PAC on your chart. Do you take parts of the Synergy strategy to trade with? I am curious as to why you have adopted that position?
If you are good at something, never do it for free--Joker
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