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Trading Made Simple

  • #44,221
  • Nov 19, 2014 3:46am Nov 19, 2014 3:46am
Quoting heispark
{quote} Thank you so much LW. I will print this out and put on my wall...

I have lots of wall paper, you like wall paper too, here is one which will remind you that when you want to trade with price action using those price bar patterns like IB, BUOB/BEOB. BEEB/BUEB, PB, etc...
Always reminder the higher probability ones are in the higher TF. When you trade those seen in lower TF like H1, you mostly certainly get caught up in the H1 market 'noise'.


Attached Image (click to enlarge)
Click to Enlarge Name: Trading Price Action with HTF view.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,222
  • Nov 19, 2014 3:53am Nov 19, 2014 3:53am
Hello everyone,

Been reading this thread for a while now and I wanted to say thank you to all the amazing contributors. The knowledge and insight shared here is unparalleled and even though I've been passively reading for quite some time I decided to be more proactive in my participation.

I wanted to say thank you for all your guys generosity.

Took a trade on AUD/JPY (red vertical line). Entered a little late (right there where gray horizontal price line is), second candle entry with TTF RSI and TSL below MBL and 50 level. H4 HTF TDI has crossed already to the downside.

Please do comment on this setup - I'm eager to learn from you guys.
Attached Image (click to enlarge)
Click to Enlarge Name: FX_TS2226 Nov. 19 01.50.jpg Size: 216 KB
Repetition is the Mother of Skill
  • #44,223
  • Nov 19, 2014 3:58am Nov 19, 2014 3:58am
Since yesterday, we seen the EURAUD, EUDNZD, GBPAUD and GBPNZD pairs making strong corrections. Too early to tell if they are reversals. But it is time to test whether your money management strategy is "bullet-proof" to handle such huge corrections. Dealing with drawdowns is a huge challenge for traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,224
  • Nov 19, 2014 4:03am Nov 19, 2014 4:03am
i stole in a position on UJ. Going for a 30-50 pips scalp. maybe more depending on how slow/fast price will move
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 81 KB
Daniel
  • #44,225
  • Nov 19, 2014 4:07am Nov 19, 2014 4:07am
Quoting Greenb
i stole in a position on UJ. Going for a 30-50 pips scalp. maybe more depending on how slow/fast price will move {image}
Far out Greenb... UJ is green on every TF - call us when you get to the moon... lol!
  • #44,226
  • Nov 19, 2014 4:08am Nov 19, 2014 4:08am
Hi TMS Folks,

Having read most of today posts and trades by some good traders here, I say well done.. to those who did good trades.

Let me share with you the first series of TMS Trading Mastery using this weeks market price action. I did this in pdf as suggested by one member and I think this will be easier to download and read when you are offline.

Enjoy!

I run now to dinner of BBQ chicken and couple of wiezen.

bis später
Attached File(s)
File Type: pdf TMS Trading Mastery Series(1).pdf   697 KB | 3,925 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #44,227
  • Nov 19, 2014 4:10am Nov 19, 2014 4:10am
Quoting Kouroushi
{quote} Dear LW, How is it going? Would you have a look at this trade I took a week ago & explain what was wrong with it that caused my SL getting hit? Yours {image}
Hiya Mate

My thoughts from a price action point of view. Price had hit a large round number in 1.8 the previous day. These levels are usually awesome and provide plenty of opportunities. However, this time there was not much of a reaction to it, as you can see there was a full day of lazy-arse candles.

Even though at the point you placed your long there was a nice push up we can see to the left some price action resistance from the 13th November.

Ideally, for me personally if I was look for a long opportunity here I would like to see a strong movement off 1.8 and then a retracement back to the support area. Then look for our tdi cross or trigger candle etc..
Like so.

Attached Image (click to enlarge)
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  • #44,228
  • Nov 19, 2014 4:15am Nov 19, 2014 4:15am
Quoting griffinssoul
{quote} Far out Greenb... UJ is green on every TF - call us when you get to the moon... lol!
moon, hmm, that will takes ages hahahah.
btw, i get another 2 position. 1 in EJ and 1 in GU.
i'm banking on GU actually, a bit of push from news should break the range

EDIT: i'll settle for the high of the week for GU. and soonest as EJ and UJ get more than 20 pips, i'll BE the trade +2

EDIT #2: i just notice the low on GU was the bounce off the low of GU last week....i'm terrible.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 67 KB
Click to Enlarge Name: GBPUSDH4.png Size: 72 KB
Daniel
  • #44,229
  • Nov 19, 2014 4:16am Nov 19, 2014 4:16am
GBPUSD : Long on H4

Attached Image (click to enlarge)
Click to Enlarge Name: gu.PNG Size: 38 KB
Lorenzo
  • #44,230
  • Nov 19, 2014 4:17am Nov 19, 2014 4:17am
Dear traders !
I got inspired by the member Snarlyjack to transfer trades to D1 and tried to do it !
Thanks to SJ that way !
Here´s my first transfer h4 to D1 .. ( demo )
Opened yesterday h4 , 2 rd blue candle.. and hold it all day long .
In the evening ( 23 o´clock my time ) my broker opened a new candle D1 and I kept it in .
Guido
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCADH4.png 18.11 ecad h4 entry 2 nd candle ..png Size: 45 KB
Click to Enlarge Name: EURCADDaily.png 18.11 transfer to D1.png Size: 44 KB
Risiko birgt immer auch die Chance.
  • #44,231
  • Nov 19, 2014 4:22am Nov 19, 2014 4:22am
Quoting lorbax
GBPUSD : Long on H4 {image}
cheers we are in the same trade.
Daniel
  • #44,232
  • Nov 19, 2014 4:25am Nov 19, 2014 4:25am
Quoting Greenb
{quote} cheers we are in the same trade.
me . too
Risiko birgt immer auch die Chance.
  • #44,233
  • Nov 19, 2014 4:25am Nov 19, 2014 4:25am
Quoting Greenb
{quote} moon, hmm, that will takes ages hahahah. btw, i get another 2 position. 1 in EJ and 1 in GU. i'm banking on GU actually, a bit of push from news should break the range EDIT: i'll settle for the high of the week for GU. and soonest as EJ and UJ get more than 20 pips, i'll BE the trade +2 EDIT #2: i just notice the low on GU was the bounce off the low of GU last week....i'm terrible..... {image} {image}
You see, I would now not take GU as a result of talking to Lastingwell... the idea is that its not supported on the HTF's so just a bit of a heads up... thats not to say it will be a bad trade for you guys...
  • #44,234
  • Nov 19, 2014 4:26am Nov 19, 2014 4:26am
Quoting Sesamstrasse
{quote} me . too
, going to catnap for the next 34 mins. hopefully i can (hopefully you guys too) set BE+2 at that time and sleep until the next 4h candle

EDIT: i just set EJ and UJ for BE+2. so im heading to bed, see you guys in 3h30m hopefully with some extra steak money
Daniel
  • #44,235
  • Nov 19, 2014 4:30am Nov 19, 2014 4:30am
GBPJPY. IB Break
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-19_16-27-10GBPJPY.png Size: 31 KB
Sad i'm not trying to understand PA
  • #44,236
  • Nov 19, 2014 4:31am Nov 19, 2014 4:31am
Quoting Greenb
{quote} cheers we are in the same trade.
Me to what are SL and TP's?

My first trade on the 4hr chart.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,237
  • Nov 19, 2014 4:44am Nov 19, 2014 4:44am
Took EURGBP short....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 33 KB
Click to Enlarge Name: EURGBPH1.png Size: 30 KB
  • #44,238
  • Nov 19, 2014 4:47am Nov 19, 2014 4:47am
Quoting Greenb
{quote} cheers we are in the same trade.
my TP: 1.572 area
Lorenzo
  • #44,239
  • Nov 19, 2014 4:49am Nov 19, 2014 4:49am
Quoting erelation
Took EURGBP short.... {image} {image}
Nice one erelation!
  • #44,240
  • Nov 19, 2014 4:53am Nov 19, 2014 4:53am
Quoting griffinssoul
{quote} Nice one erelation!

Thanks Griffinssoul. Hope this can be a profitable trade..... more important is build up confidence in trade using TMS.
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