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Monitor for 'Trading Made Simple' system 565 replies

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

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Trading Made Simple

  • #42,281
  • Oct 15, 2014 4:26am Oct 15, 2014 4:26am
Quoting emmanuel7788
{quote} Hi reeen4, Trading the D chart give us plenty of time in between the day for doing our other things in my daily life and fit my lifestyle. I have the option to look at my charts every 4-hour interval, if I missed one 4-hour interval it is no big deal and come back the next 4-hour interval or at anytime in between. I only trade H1 intraday for w few hours during the day. When I want to trade in the fast lane, I can scalp using TMS in M15/M5 timeframe to. One simple trading method and many different style to trade. Looking at GBPNZD today,...

Yes it's appealing for someone with a busy lifestyle.

I have been watching the GN today and part of yesterday to see what it does, I have noticed on the 4H it is in a retracement. How does the movement of the NU affect this pair?
Learning is all about about asking the right questions!
  • #42,282
  • Oct 15, 2014 5:29am Oct 15, 2014 5:29am
Hey guys,
Anybody watching this?
Attached Image(s) (click to enlarge)
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  • #42,283
  • Oct 15, 2014 5:43am Oct 15, 2014 5:43am
AU +17 didn't reach tp so came out with the large bearish candle, ECad +50 EA +50.
Attached Image(s) (click to enlarge)
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  • #42,284
  • Oct 15, 2014 5:53am Oct 15, 2014 5:53am
Quoting emmanuel7788
EURJPY 15 Oct H1 trade Frankie hour. My first trade today with +20pips. Now waiting for further move up to +25pips then THV CM will BE the remaing position. {image}
Trade closed.
+20pips, +39pips

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 15 Oct H1 trade closed.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,285
  • Oct 15, 2014 5:54am Oct 15, 2014 5:54am
Quoting Ballistical
Stopped out at BE on EA H1. Took long entry on a break of the third leg of the PCRF and price making a rejection of the 200MA. Price moved 29 pips in my favour and then drew back to hit my SL at BE. Now waiting to see what PA does next. {image} {image}
Took the exact same trade. +31 then BE. So glad to see i'm not the only one who traded this !
  • #42,286
  • Oct 15, 2014 5:55am Oct 15, 2014 5:55am
Quoting Kouroushi
Hey guys, Anybody watching this? {image} {image}

yes, its in my watchlist for many days.
buyers not committing now.
sellers looking for support.
waiting for the break.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,287
  • Oct 15, 2014 5:58am Oct 15, 2014 5:58am
Quoting lastingwell
AU +17 didn't reach tp so came out with the large bearish candle, ECad +50 EA +50. {image} {image} {image}
Dear LW,
I was watching AU too. Would you please let me know what were your PA reasons to take that great trade? The big H1 candle didn't even engulf the previous one, besides, price was in the middle of a bigger box in H4. And how about TDI, the moment you entered it didn't have the cross yet.
I'm asking it cause I'm seeing you seniors go with less strict PA rules.
Regards
  • #42,288
  • Oct 15, 2014 6:00am Oct 15, 2014 6:00am
Quoting emmanuel7788
{quote} yes, its in my watchlist for many days. buyers not committing now. sellers looking for support. waiting for the break.
Dear Emmanuel,
Are you gonna play it with Sell/Buy Stops? or confirmation of the breakout with close of the candle? Do you consider TDI in these cases too?
  • #42,289
  • Edited 6:32am Oct 15, 2014 6:05am | Edited 6:32am
Quoting Kouroushi
{quote} Dear LW, I was watching AU too. Would you please let me know what were your PA reasons to take that great trade? The big H1 candle didn't even engulf the previous one, besides, price was in the middle of a bigger box in H4. And how about TDI, the moment you entered it didn't have the cross yet. I'm asking it cause I'm seeing you seniors go with less strict PA rules. Regards
It did have the cross because I was alerted by TMS watchdog that it had crossed, this is the alert from watchdog:

03:00:28.390 @TMSTDI_WatchDog AUDUSD,H1: Alert: [TMSWATCHDOG], AUDUSD, H1, Cross UP, Slope: 11.0 the timestamp shows 3am my time, which is 4am broker time, so I went in, with such a good pullback candle and h4 turned up at the start of that candle also as thats when my new h4 candle appears.

I only take notice of the cross at the beginning of the candle as per eelfranz's instructions and it works a dream if taking note of the higher timeframe as well.

All the trades taken this morning were alerted by tms watchdog, these are the other 2.
02:59:59.556 @TMSTDI_WatchDog EURAUD,H1: Alert: [TMSWATCHDOG], EURAUD, H1, Cross DN, Slope: -11.2
07:59:59.307 @TMSTDI_WatchDog EURCAD,H1: Alert: [TMSWATCHDOG], EURCAD, H1, Cross UP, Slope: 5.0

I just had to watch for s/r and the higher timeframe after the alert.... TMS
  • #42,290
  • Oct 15, 2014 6:12am Oct 15, 2014 6:12am
Quoting Kouroushi
{quote} Dear Emmanuel, Are you gonna play it with Sell/Buy Stops? or confirmation of the breakout with close of the candle? Do you consider TDI in these cases too?

No. I don't trade with stop orders.
I always wait for the price action and TDI to confirm then look for better price entries.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,291
  • Oct 15, 2014 6:17am Oct 15, 2014 6:17am
Quoting emmanuel7788
{quote} No. I don't trade with stop orders. I always wait for the price action and TDI to confirm then look for better price entries.
Sorry for a lot of questions. Your presence along with other masters is the Holy Grail.
So, on EURNZD you're going to wait for a pullback to triangle's line & only with TDI crossing your desired direction, you would enter? What about USDCAD in Daily which has broken a strong resistance & have a good space to go?
Attached Image (click to enlarge)
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  • #42,292
  • Oct 15, 2014 6:24am Oct 15, 2014 6:24am
Quoting lastingwell
AU +17 didn't reach tp so came out with the large bearish candle, ECad +50 EA +50. {image} {image} {image}
Thanks for your quit answer!!
  • #42,293
  • Oct 15, 2014 6:26am Oct 15, 2014 6:26am
Quoting cchersia
{quote} Thanks for your quit answer!!
You're welcome
  • #42,294
  • Oct 15, 2014 6:29am Oct 15, 2014 6:29am
Quoting reeeen4
{quote} Yes it's appealing for someone with a busy lifestyle. I have been watching the GN today and part of yesterday to see what it does, I have noticed on the 4H it is in a retracement. How does the movement of the NU affect this pair?
look at NZDUSD D chart.
Kiwi is a commodity currency, where is the world's largest commodity exchange located?

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD week 42 D chart.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,295
  • Oct 15, 2014 6:50am Oct 15, 2014 6:50am
GBPJPY H1 trade open.
Following the previous D retracement ended.
See with double H1 IBs consoldiation and TDI cross down.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 15 Oct H1 trade LS.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,296
  • Oct 15, 2014 7:16am Oct 15, 2014 7:16am
Quoting dennis4u15
Hi Emmanuel, where can I find the indicator which marks the candle bar with number 2. Regards

Hi Dennis,

Here attached.
You can change the colour and size of that '2' symbol.
Attached File(s)
File Type: ex4 Inside_Bar.ex4   3 KB | 1,596 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,297
  • Oct 15, 2014 7:24am Oct 15, 2014 7:24am
hey everyone i like the TMS watchdog alert but when i use it on a different MT4 platform to trade stocks, it just constantly beeps and alerts me the same events, whats the problm?
  • #42,298
  • Oct 15, 2014 7:47am Oct 15, 2014 7:47am
GBPJPY H1 trade scale-out, +42pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 15 Oct H1 trade exit1.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,299
  • Oct 15, 2014 7:48am Oct 15, 2014 7:48am
Just made this trade on the EJ and got taken out by my TP +50pip. Also got +30pip on the EU move at the same time, could have let it go further but I didn't get the chance to move my TP before it hit on the EU. I also got +12pip on GJ which it hit may trailing SL before continuing to move again, must have set it too tight.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 33 KB
Learning is all about about asking the right questions!
  • #42,300
  • Oct 15, 2014 7:52am Oct 15, 2014 7:52am
+ 70
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 36 KB
Trade what you see .
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kartikpetkar