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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #43,181
  • Nov 3, 2014 11:44am Nov 3, 2014 11:44am
Quoting WDays
Since this week I'm trading jpy crosses, I'll be trying to land a position on both EJ and GJ every time, and also I'll be trying to get 100 pips at least once this week... Wish me luck
very good luck
Sad i'm not trying to understand PA
  • #43,182
  • Nov 3, 2014 3:02pm Nov 3, 2014 3:02pm
Had 2 losses today for -25 and a good EJ trade + about 90.
Attached Image (click to enlarge)
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  • #43,183
  • Nov 3, 2014 6:25pm Nov 3, 2014 6:25pm
Quoting snarlyjack
Good morning TMS traders, Just a couple of tips for you... If you go back to the beginning of this system you will find that Eelfranz was a "counter trend trader". I've struggled with counter trend trades for years. They look so nice & profitable. But in my experience they are very choppy and high risk trades. So if you are trading counter trend trades be very, very careful. I would suggest that you only trade with the trend. Eelfranz traded on the 4 hour chart. He would put in his trade at (10:00 p.m. west coast time), L/O at 1:00 a.m., then he...
Thank you, Jack. Good advice always!
cheers,
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,184
  • Nov 3, 2014 6:53pm Nov 3, 2014 6:53pm
1-2-3 pattern plus tdi cross. Just under 100 pips
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #43,185
  • Nov 3, 2014 7:02pm Nov 3, 2014 7:02pm
3 Nov Monday:

Many of you made good pips. Well done....

It was a very good Monday trading, not usual Monday type of market but it really good when there is trending markets for some pairs.
What the BOJ did last Friday did many of us good and we all made lots of pips and fantastic Risk Reward.

Of the 3 amigos (AUDUSD, EURUSD and GBPUSD), only AUDSUD ran nicely in good range trading. The 4th amigo NZDUSD also followed with USD strength. I am cautious of USD strength this week.

EURAUD gave a classic IB as consolidation setup trade and that was counter trend but the TDI is our key as usual. Now weaker Aussie data sink the AUD with EURAUD running up early today.
Next will come RBA rates announcement so we be vigilant for the next move when that happens.

Should be looking at all AUD, NZD and CAD pairs for the rest of this week.

It is coming to year end and looking at increasing volatility and liquidity, it will be good harvest time. Increase your winning number of Rs and recover some of those losses.

Good Trading going forward.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,186
  • Nov 3, 2014 7:19pm Nov 3, 2014 7:19pm
JPY pairs:

On H1 chart timeframes, all JPY pairs are high in the overbought regions. But in strong trending market type, it can still remain in the OB regions and price action dictates.
A correction would be healthy to bring the TDI MBL back lower for further buying. We should be buying only when the TDI PL Green and TSL Red are above the MBL Yellow, this especially when trading the lower timeframes like H1 and M15.
When on H1, the MBL can be use to show you the next higher timeframe momentum of the H4. The candles count is important and to see how the H1 and H4 candles price action all in one same H1 chart.

XAU:
Gold is in consolidation after breaking last year's low and the last support 1180.00
I see more downside ahead with stronger USD.

Good Trading folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,187
  • Nov 4, 2014 1:12am Nov 4, 2014 1:12am
Master candle spotted! Camping to short this pair.
Attached Image (click to enlarge)
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  • #43,188
  • Nov 4, 2014 2:07am Nov 4, 2014 2:07am
EURCAD..
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #43,189
  • Nov 4, 2014 2:08am Nov 4, 2014 2:08am
Quoting omonisha
EURCAD.. {image}
Do you ever sleep? Well done!
  • #43,190
  • Nov 4, 2014 2:36am Nov 4, 2014 2:36am
Quoting omonisha
EURCAD.. {image}
hi omonisha,
first of all congrats for your trades!

I would like to ask if you can please post those two indis with the "+100.0" in green and the big digits price on the top right corner of your chart.
Many thanks in advance.

have a nice day!
Lorenzo
  • #43,191
  • Nov 4, 2014 2:47am Nov 4, 2014 2:47am
Quoting lorbax
{quote} hi omonisha, first of all congrats for your trades! I would like to ask if you can please post those two indis with the "+100.0" in green and the big digits price on the top right corner of your chart. Many thanks in advance. have a nice day!
It's pipsometer_decimal_edit_2.ex4. See file attachment in his profile page.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,192
  • Nov 4, 2014 2:50am Nov 4, 2014 2:50am
Quoting omonisha
EURCAD.. {image}
Congrats. Pip collecting machine....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,193
  • Nov 4, 2014 2:55am Nov 4, 2014 2:55am
Quoting heispark
{quote} It's pipsometer_decimal_edit_2.ex4. See file attachment in his profile page.
awesome! thanks and sorry for the off-topic.
cheers
Lorenzo
  • #43,194
  • Nov 4, 2014 3:08am Nov 4, 2014 3:08am
Quoting WDays
{quote} Do you ever sleep? Well done!
Hi WDays & others,
Is there anything you're watching? almost all higher TF TDIs disagree with the main one
  • #43,195
  • Nov 4, 2014 3:11am Nov 4, 2014 3:11am
Quoting Kouroushi
{quote} Hi WDays & others, Is there anything you're watching? almost all higher TF TDIs disagree with the main one
I'm in a gbpcad trade, since I couldn't find a trade on my jpy crosses that I was going to focus on this week. So much for that Breakeven is locked in and targetting 100 because of GBP news inc in 20 minutes. A make it or break it trade for me this morning, I won't be upset if it doesn't work out because it's hard to squeeze in a trade at LO with all the markets being as overbought or oversold as they are
  • #43,196
  • Nov 4, 2014 3:22am Nov 4, 2014 3:22am
Quoting WDays
{quote} Do you ever sleep? Well done!
Realy bro not much sleep since i started Forex. Become a sheep
Quoting lorbax
{quote} hi omonisha, first of all congrats for your trades! I would like to ask if you can please post those two indis with the "+100.0" in green and the big digits price on the top right corner of your chart. Many thanks in advance. have a nice day!
Thanks mate. Here is the price indicator

Quoting heispark
{quote} Congrats. Pip collecting machine....
Lol thanks a lot
Attached File(s)
File Type: ex4 FREE_ATM_Pure_Market_Price_I.ex4   9 KB | 476 downloads
Sad i'm not trying to understand PA
  • #43,197
  • Nov 4, 2014 3:31am Nov 4, 2014 3:31am
Darn Much worse reading
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  • #43,198
  • Nov 4, 2014 3:57am Nov 4, 2014 3:57am
Took EUR/AUD short. Nice TDI signal with full agreement of H4 timeframe. Also brakeout of Asian low (bounce of EMA365 on Asia). Will see how it work.
  • #43,199
  • Nov 4, 2014 4:04am Nov 4, 2014 4:04am
EurAud short , TDI bounce on H1

Attached Image (click to enlarge)
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Lorenzo
  • #43,200
  • Nov 4, 2014 4:32am Nov 4, 2014 4:32am
Quoting lorbax
EurAud short , TDI bounce on H1 {image}
Here is what I usually do with Price Action reading the price bars on H1 charts.
When I see the H1 TDI TSL Red line showing a nice slope, then it will also mean the H4 TDI Green is pointing at a steep angle 12-2 or 4-6 clock face angle.
When the H1 TDI Red crosses the Yellow MBL, that is most situations is H4 TDI cross.

Look back at history charts, draw a vertical line when you see a nice slope H1 TDI Red, then swicth to H4 and look at the H4 TDI Green, what do do the angle look like.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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