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Trading Made Simple

  • #43,141
  • Nov 2, 2014 4:59pm Nov 2, 2014 4:59pm
Quoting emmanuel7788
{quote} Hi Lorbax, Looking at your H1 chart, the buy decision was a good one. The previous Day was bullish and a piercing D candle closed. A lot of play between Big Round Numbers for the entire month after last month Sep very strong bearish candle closed. However, when trading intraday we are always exposed to market reaction to news and events of that day. All the news release timings we see in forums are all late to the public. The economic data are collected by someone somewhere and are reported to someone somewhere, who will then decide on the...
Thank you so much for the your precious feedback!
Have a green pip week!
Lorenzo
  • #43,142
  • Nov 2, 2014 7:03pm Nov 2, 2014 7:03pm
Quoting MrAussieFX
Can't trade much because of my work, my work hours gone back to evenings for next week and will be missing the LO as I miss the previous 2 days LO session. I'll try to post my trades before and after as much as I can. My EA Expectations for November Month EA Sep Low to Oct High Price Reversal {image} EA Oct Price Action Completion {image} EA Bullish for November if reverses from 61.8 {image} Where can be the potential PT if Bullish {image} How to Trade the big picture on your favourite TF I'll be trading on H4, considering H1 entry {image} The imageabove...

Hi MrAussieFX,
First, thank you for sharing your work done for EA pair.
A lot of details on your charts and that took me sometime to digest all of them.
Anyway, we started our planning session as usual at London 15:00hour, finished quite late.
So I can now share what I did for the same EurAud pair for week 45.
We have couple of tier one news this week which affect Aud so we should trade with caution using H1.

regards,
Attached File(s)
File Type: pdf EURAUD Week 45 Big Picture Planning.pdf   541 KB | 653 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,143
  • Edited 7:40pm Nov 2, 2014 7:16pm | Edited 7:40pm
AUDJPY first trade for this week/Nov month.

This is a retracement trade of last Friday rally. With Japan bank holiday today, don't expect much so TP is small.
Using CaveManager to manage.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY M30 trade.png Size: 68 KB


Edit:

Update trade.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY M30 trade update1.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,144
  • Nov 2, 2014 10:12pm Nov 2, 2014 10:12pm
Hello everyone from Montana,

As the resident "old guy", I just wanted to share with everyone that
I have been trading "TMS" along with watching price action (APB) for over 7 years now.
I'm still here & profitable. I also know other traders that have been trading TMS
for just as long as I have that are profitable.

The reason I don't speak much is, teaching people how to trade is extremely difficult.
Emmanuel is doing a excellent job of teaching. Their is no problems with this system.
You have to learn TMS and how it moves... give it the time it deserves and you will be good
to go! I've tried lot's of different systems but imho this is the best one. I've tested it
for at least 10,000 hours over the years and I have full confidence in it. But I understand
how it moves and so will you.

So crystalize your goals and your mind and focus on this system. This could be your
opportunity of a life time...your at the right place at the right time, take advantage
while you can!!!

Thanks everyone & good luck to you...

sj
  • #43,145
  • Nov 2, 2014 11:10pm Nov 2, 2014 11:10pm
AUDJPY trade closed.
+20pips, +2pips

The trailing stop got hit.
CaveManager did the work managing my trades for me, I need to intervene occassionally when I have access to my trading charts and see the PA for trade management.


Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY M30 trade update closed.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,146
  • Nov 2, 2014 11:12pm Nov 2, 2014 11:12pm
These 2 pairs I am watching now.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 2 Nov H1 GMT0456.png Size: 51 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 2 Nov H1 GMT0455.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,147
  • Nov 3, 2014 12:43am Nov 3, 2014 12:43am
Quoting emmanuel7788
These 2 pairs I am watching now. {image} {image}
Hi emmanuel,

Are you looking at EurUsd chart too??

Since the monthly chart close as a pin bar and the daily chart close a bearish candle. The price is below 1.2510 (short term resistance).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD Monthly.png Size: 69 KB
Click to Enlarge Name: EURUSD Daily 3nov.png Size: 46 KB
  • #43,148
  • Nov 3, 2014 1:22am Nov 3, 2014 1:22am
Quoting Wqiang
{quote} Hi emmanuel, Are you looking at EurUsd chart too?? Since the monthly chart close as a pin bar and the daily chart close a bearish candle. The price is below 1.2510 (short term resistance). {image} {image}

Hi Wqiang,

Yes This EU pair in on my watchlist for this Nov month. I trade only the Day chart for this pair.
I think I posted something last week on EU and where I see it is going.
Anyway, we have a small weekend pricce gap and I wait and see how that will be closed if at all. The earliest sell entry you will probably find in H1. But rather look for H4 retracement and the turnaround. But both the H1 and H4 TDI are in the oversold region.

BTW, where is your TDI on your charts? PM you later on this.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,149
  • Nov 3, 2014 2:04am Nov 3, 2014 2:04am
Quoting emmanuel7788
{quote} Hi Wqiang, Yes This EU pair in on my watchlist for this Nov month. I trade only the Day chart for this pair. I think I posted something last week on EU and where I see it is going. Anyway, we have a small weekend pricce gap and I wait and see how that will be closed if at all. The earliest sell entry you will probably find in H1. But rather look for H4 retracement and the turnaround. But both the H1 and H4 TDI are in the oversold region. BTW, where is your TDI on your charts? PM you later on this. regards,

Hope to hear more from you.

i use 2 types of chart. one is this and the other is with TDI.
  • #43,150
  • Nov 3, 2014 2:41am Nov 3, 2014 2:41am
Quoting snarlyjack
Hello everyone from Montana, As the resident "old guy", I just wanted to share with everyone that I have been trading "TMS" along with watching price action (APB) for over 7 years now. I'm still here & profitable. I also know other traders that have been trading TMS for just as long as I have that are profitable. The reason I don't speak much is, teaching people how to trade is extremely difficult. Emmanuel is doing a excellent job of teaching. Their is no problems with this system. You have to learn TMS and how it moves... give it the time it deserves...
yip i agree and i can vouch for this guy.
he was in this thread before i even knew about forex and when i started as a noob snarly was there to give me tips.

the one advice that i have got from my mentor was that one day when your eyes start to "SEE" you will have no more questions.
at first i didnt understand because i had so many questions unanswered and at times i felt i was getting the answers i was looking for
All my mentor said to me is look , look and look whenever i asked something.
and today when i finally SEE all the questions i ever had disappeared

Traders come onto FF asking why this happened how did you do that why did you do that.
but i promise you guys if you push on and struggle it out with learning then you will SEE one day.
and it doesnt take that long.
You guys will think its all nonsense you guys will struggle and struggle but that one day it will just click.
X-man the legendary conqueror of markets
  • #43,151
  • Nov 3, 2014 2:43am Nov 3, 2014 2:43am
anyone in EA short?
Attached Image (click to enlarge)
Click to Enlarge Name: EA M30 short Mon 3.11.14.png Size: 42 KB
Appreciation is the key to wealth and happiness
  • #43,152
  • Nov 3, 2014 2:57am Nov 3, 2014 2:57am
Quoting X-Man
{quote} yip i agree and i can vouch for this guy. he was in this thread before i even knew about forex and when i started as a noob snarly was there to give me tips. the one advice that i have got from my mentor was that one day when your eyes start to "SEE" you will have no more questions. at first i didnt understand because i had so many questions unanswered and at times i felt i was getting the answers i was looking for All my mentor said to me is look , look and look whenever i asked something. and today when i finally SEE all the questions...
I can vouch for what you're saying, it just sort of happens and your account equity just grows, and it feels like you can do no wrong (until you get too cocky and blast it all on bad trades just for the sake of being in one)

Big fan, by the way, followed your posts on a few threads back in the day
  • #43,153
  • Nov 3, 2014 3:02am Nov 3, 2014 3:02am
Quoting WDays
{quote} I can vouch for what you're saying, it just sort of happens and your account equity just grows, and it feels like you can do no wrong (until you get too cocky and blast it all on bad trades just for the sake of being in one) Big fan, by the way, followed your posts on a few threads back in the day
LOL yeah you right

Thanks buddy.
X-man the legendary conqueror of markets
  • #43,154
  • Nov 3, 2014 3:12am Nov 3, 2014 3:12am
Quoting WDays
{quote} I can vouch for what you're saying, it just sort of happens and your account equity just grows, and it feels like you can do no wrong (until you get too cocky and blast it all on bad trades just for the sake of being in one) Big fan, by the way, followed your posts on a few threads back in the day
isn't that the phase we have to go through - the get too cocky and burn it all on bad trades just for the sake to be one
Daniel
  • #43,155
  • Nov 3, 2014 3:17am Nov 3, 2014 3:17am
Quoting Greenb
{quote} isn't that the phase we have to go through - the get too cocky and burn it all on bad trades just for the sake to be one
Much better to avoid going thru it Easily achievable by simply staying focused and disciplined and following your rules (the ones you establish thanks to being profitable for longer than a day....), discerning what works and what doesnt I won't lie, I've gone back and forth a few times now in my 2 year trading career, it can be really maddening.
  • #43,156
  • Edited 3:31am Nov 3, 2014 3:24am | Edited 3:31am
Quoting WDays
{quote} Much better to avoid going thru it Easily achievable by simply staying focused and disciplined and following your rules (the ones you establish thanks to being profitable for longer than a day....), discerning what works and what doesnt I won't lie, I've gone back and forth a few times now in my 2 year trading career, it can be really maddening.
sadly, its only after reading your post that I realize I'm reverting back to my bad habbit ....wrecking my account to get into trade at the start of the week because last week was great - silly of me. the good news is....there are 4 more days left to go until the end of week. how bad can it be...famous last word..

edit: this is the one Im in right now. not sure why I'm in when it bounce on this level sometime ago :headache:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 60 KB
Click to Enlarge Name: EURUSDDaily.png Size: 56 KB
Daniel
  • #43,157
  • Nov 3, 2014 3:58am Nov 3, 2014 3:58am
GBPAUD..
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-03_15-55-42GBPAUD.png Size: 35 KB
Sad i'm not trying to understand PA
  • #43,158
  • Edited 4:20am Nov 3, 2014 3:58am | Edited 4:20am
Quoting Greenb
{quote} sadly, its only after reading your post that I realize I'm reverting back to my bad habbit ....wrecking my account to get into trade at the start of the week because last week was great - silly of me. the good news is....there are 4 more days left to go until the end of week. how bad can it be...famous last word.. edit: this is the one Im in right now. not sure why I'm in when it bounce on this level sometime ago :headache: {image} {image}
I generally never take a trade when my trading timeframe TDI is overbought or oversold. I took an EJ long and not a GJ long because of that +50 reached
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 26 KB
Click to Enlarge Name: EURJPYH1 2.png Size: 23 KB
  • #43,159
  • Nov 3, 2014 4:36am Nov 3, 2014 4:36am
Quoting likica
anyone in EA short? {image}
Long and then BE , there you go
I Have Learned to Take Some Losses to Make Profits
  • #43,160
  • Nov 3, 2014 4:58am Nov 3, 2014 4:58am
Quoting likica
anyone in EA short? {image}
You're not alone, exited at -12 pips.
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