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Trading Made Simple

  • #43,901
  • Nov 14, 2014 5:04am Nov 14, 2014 5:04am
Quoting griffinssoul
{quote} Hi likica, was that a 15M trade?
I went long on H1 but hit choppiness. exit for 16 red
then jumped in the short set up on M15 which aligned with all red on tms 10 ema dashboard. Went out and came back with +39 green
Appreciation is the key to wealth and happiness
  • #43,902
  • Nov 14, 2014 5:06am Nov 14, 2014 5:06am
Quoting emmanuel7788
Please tell me which do you prefer? a) TDI to be on your chart price of b) the APB to be in the same TDI window? {image}
interesting! looking good Emman.
Appreciation is the key to wealth and happiness
  • #43,903
  • Nov 14, 2014 5:06am Nov 14, 2014 5:06am
apb in the tdi window (b)

Regards
  • #43,904
  • Nov 14, 2014 5:07am Nov 14, 2014 5:07am
Quoting emmanuel7788
{quote}
entered pretty much the same @1.4302 ... i'm not totally sure, as I entered a bit late in the candle and it's against H4 ... we'll see

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h1-pepperstone-financial-pty.png Size: 109 KB
Lorenzo
  • #43,905
  • Nov 14, 2014 5:07am Nov 14, 2014 5:07am
took a short on USD CAD 4hr TF

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad4hr.PNG Size: 48 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #43,906
  • Nov 14, 2014 5:08am Nov 14, 2014 5:08am
Quoting likica
{quote} I went long on H1 but hit choppiness. exit for 16 red then jumped in the short set up on M15 which aligned with all red on tms 10 ema dashboard. Went out and came back with +39 green
Thanks for letting us know this is really important. The way I see it is you had the 4H & D TF against a long and the W TF is in consolidation so this doesn't stack the probability in your favour long - but! it does short , on a pull back etc... great flexibility to switch sides...
  • #43,907
  • Nov 14, 2014 5:09am Nov 14, 2014 5:09am
Hi Guys,

what do u think of USD/CAD 4hr TF, price has consolidated for a while and a cross is imminent..

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 32 KB
  • #43,908
  • Nov 14, 2014 5:13am Nov 14, 2014 5:13am
Quoting emmanuel7788
Please tell me which do you prefer? a) TDI to be on your chart price or b) the APB to be in the same TDI window? {image}
Interesting emmanuel7788 - the only basic problem with the bottom one is that traders may get confused and start comparing PA (from HA candle) with the TDI, green&red lines. This would be a problem because they are not related. Just like RSI levels are not related to Price (directly) right?
  • #43,909
  • Nov 14, 2014 5:20am Nov 14, 2014 5:20am
Hi, nods80!
pls, attach Your template. thns.
  • #43,910
  • Nov 14, 2014 5:24am Nov 14, 2014 5:24am
Quoting dennis4u15
Hi Guys, what do u think of USD/CAD 4hr TF, price has consolidated for a while and a cross is imminent.. Regards {image}

Well, looking atb yoour H4 chart, there is possible to scalp H4 when TDi cross. But since it is Friday you would like want to open 4H swing trades and leave them open over the weekend.

On H1, there is major news/tier one data release later. I would do what eelfranz taught us to do , i.e. to wait till after the news is out, look and see if there is price momentum and take a trade on H1.

Big Picture shows D is very much sideways and flat. If you have the Day Open on your chart, you will see that Day Open chopping up and down at quite flat 1.1300 level on your H4 chart.That BRN is your support.

Weely is trending UP.

Conclusion ?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,911
  • Nov 14, 2014 5:30am Nov 14, 2014 5:30am
Quoting griffinssoul
{quote} Interesting emmanuel7788 - the only basic problem with the bottom one is that traders may get confused and start comparing PA (from HA candle) with the TDI, green&red lines. This would be a problem because they are not related. Just like RSI levels are not related to Price (directly) right?

Yes, you are absolutely right. Your know the basics well. That's why I asked.

Putting things together does not mean they are related in any way. Therefore, TMS traders must learn and know what each of the two components - the APB and the TDI are telling us when we are looking at them on our charts and see them in isolation and not be "visually impaired" by what is being overlaid onto another.

Visual trading can be dangerous.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,912
  • Nov 14, 2014 5:33am Nov 14, 2014 5:33am
Quoting balance001
Hi, nods80! pls, attach Your template. thns.
Here you go. I also included the indicators used. The TDI can be set to produce alerts.

Attached File(s)
File Type: zip TMS.zip   111 KB | 760 downloads
Intelligence is the ability to adapt to change. Stephen Hawking
  • #43,913
  • Nov 14, 2014 5:37am Nov 14, 2014 5:37am
Quoting emmanuel7788
{quote} Yes, you are absolutely right. Your know the basics well. That's why I asked. Putting things together does not mean they are related in any way. Therefore, TMS traders must learn and know what each of the two components - the APB and the TDI are telling us when we are looking at them on our charts and see them in isolation and not be "visually impaired" by what is being overlaid onto another. Visual trading can be dangerous.
I can see what you want to achieve because you're a PA trader at the core, right...lol. So HA candle smear out PA and you miss out on important information. Rather, HA candles are indicators and also help with psychology (but I bet you have that under control). This is an interesting idea indeed.
  • #43,914
  • Nov 14, 2014 5:45am Nov 14, 2014 5:45am
Hi Folks,

My results trading the four EURAUD, EURNZD, GBPAUD and GBPNZD pairs for two weeks now. Closed some positions this morning and keepi a few over to next week.

Myfxbook chart summary below:
Pips count for this week 1,700pips, last week was 1259pips.
Growth +28.34% increase from last week 12.03%

This is my FXCM account since it was transferred from ibfx when it closed end-Sep.

Closing shop for this week, and night out with my guests visiting.

You folks enjoy the US session and Have a Good Weekend.


Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,915
  • Nov 14, 2014 5:50am Nov 14, 2014 5:50am
Quoting emmanuel7788
Hi Folks, My results trading the four EURAUD, EURNZD, GBPAUD and GBPNZD pairs for two weeks now. Closed some positions this morning and keepi a few over to next week. Myfxbook chart summary below: Pips count for this week 1,700pips, last week was 1259pips. Growth +28.34% increase from last week 12.03% This is my FXCM account since it was transferred from ibfx when it closed end-Sep. Closing shop for this week, and night out with my guests visiting. You folks enjoy the US session and Have a Good Weekend. {image}

I wanna be like you !!!!Your my hero!
Intelligence is the ability to adapt to change. Stephen Hawking
  • #43,916
  • Nov 14, 2014 5:58am Nov 14, 2014 5:58am
Quoting emmanuel7788
Hi Folks, My results trading the four EURAUD, EURNZD, GBPAUD and GBPNZD pairs for two weeks now. Closed some positions this morning and keepi a few over to next week. Myfxbook chart summary below: Pips count for this week 1,700pips, last week was 1259pips. Growth +28.34% increase from last week 12.03% This is my FXCM account since it was transferred from ibfx when it closed end-Sep. Closing shop for this week, and night out with my guests visiting. You folks enjoy the US session and Have a Good Weekend. {image}
My hats off to you mate - congrats!!! Have a great weekend and thank you!!!
  • #43,917
  • Edited 6:24am Nov 14, 2014 6:13am | Edited 6:24am
Quoting Direwolf
{quote} Hi Sajmon. Avoiding side way market is definitely a must, no matter what method/system you trade. Unless you specifically trade the "side way" method.
ok, thanks for the reply
I only play on H4, you should look at the H1?
and that the yellow line is important ?
  • #43,918
  • Nov 14, 2014 6:14am Nov 14, 2014 6:14am
Quoting emmanuel7788
{quote} Well, looking atb yoour H4 chart, there is possible to scalp H4 when TDi cross. But since it is Friday you would like want to open 4H swing trades and leave them open over the weekend. On H1, there is major news/tier one data release later. I would do what eelfranz taught us to do , i.e. to wait till after the news is out, look and see if there is price momentum and take a trade on H1. Big Picture shows D is very much sideways and flat. If you have the Day Open on your chart, you will see that Day Open chopping up and down at quite flat...

took your advice and closed the trade with 1 pip profit. thanks. Lets the news brings.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #43,919
  • Nov 14, 2014 6:43am Nov 14, 2014 6:43am
Quoting emmanuel7788
Hi Folks, My results trading the four EURAUD, EURNZD, GBPAUD and GBPNZD pairs for two weeks now. Closed some positions this morning and keepi a few over to next week. Myfxbook chart summary below: Pips count for this week 1,700pips, last week was 1259pips. Growth +28.34% increase from last week 12.03% This is my FXCM account since it was transferred from ibfx when it closed end-Sep. Closing shop for this week, and night out with my guests visiting. You folks enjoy the US session and Have a Good Weekend. {image}

great job !


not sure why but, the moderators appearantly dont like me today.
  • #43,920
  • Edited 6:57am Nov 14, 2014 6:47am | Edited 6:57am
Quoting sajmon
{quote} ok, thanks for the reply I only play on H4, you should look at the H1? and that the yellow line is important ?
I do look at Yellow in my own analysis.
Yellow's purpose is to tell you trend. A quick look at price also tells you trend. When both Yellow and price are telling you the same thing, that's the best kind of entry you can get.

Example of GBP/JPY H1 trade. Green nice level and heading down, Red heading down, yellow heading down, price also made strong down move prior to the trade. It doesn't get any better than this where everything agrees.
Attached Image


Now, don't dial down to smaller TF to manage your trade.
If you take trades from H4, manage it on H4. Or move to higher TF such as daily. Not the other way around.
Everything you can imagine, is real - Pablo Picasso
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