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Trading Made Simple

  • #46,941
  • Edited 6:54am Dec 16, 2014 6:53am | Edited 6:54am
Quoting Landline
{quote} Hi Alan Yes I'm in Herts. I don't have any set time, but I'm normally taking a look at 8.30am at least. I've usually got a trade or perhaps several running during Asian, so I'm not too worried personally about being up and ready at LO. I scan the markets for pairs that interest me...I have no preference to any one pair, so far as I can tell they all react similarly in accordance to the elements I'm looking for at least. Obviously spreads will be factored into any decision making. How has your trading been going, have you applied some of...

Thanks LL, yes I started from the thread beginning and read all Big E's posts (RIP) and then shouted snarlyjack (thanks) who gave me the guidance to get up to date. So it's still early days for me and am trying to get comfortable with the various newer options, I sent you a PM to save filling this thread with off topic stuff.

Cheers

Alan
  • #46,942
  • Dec 16, 2014 6:54am Dec 16, 2014 6:54am
Quoting griffinssoul
{quote} Thanks SJ Just wondering if you take a break from trading for holidays and how long? Whats your view, will it get too risky etc?
Good morning Griffinssoul,
Out of boredom I usually end up trading through the holidays,
but the market ranges most of the time. But who knows.

I do think were going into interesting times... I think the way to
proceed is to have a good attitude and look very positive at things.
And just trade what your charts are saying. I think their might be
a lot of games played next year with the currencies (markets) and it could
be very interesting to watch & trade!
sj
  • #46,943
  • Dec 16, 2014 6:58am Dec 16, 2014 6:58am
Quoting saintalan
{quote} Thanks LL, yes I started from the thread beginning and read all Big E's posts (RIP) and then shouted snarlyjack (thanks) who gave me the guidance to get up to date. So it's still early days for me and am trying to get comfortable with the various newer options, I sent you a PM to save filling this thread with off topic stuff. Cheers Alan
Saintalan,

It's good to see you here & welcome to Tms.
Have fun with it. That's really what it's all about.
sj
  • #46,944
  • Dec 16, 2014 6:58am Dec 16, 2014 6:58am
Quoting snarlyjack
{quote} Good morning Griffinssoul, Out of boredom I usually end up trading through the holidays, but the market ranges most of the time. But who knows. I do think were going into interesting times... I think the way to proceed is to have a good attitude and look very positive at things. And just trade what your charts are saying. I think their might be a lot of games played next year with the currencies (markets) and it could be very interesting to watch & trade! sj
Many thanks SJ - appreciate your guidance and insight...
  • #46,945
  • Dec 16, 2014 7:16am Dec 16, 2014 7:16am
Quoting sknight1
{quote} I use Forex Tester 2 for back testing..... http://www.forextester.com/ Reasonably priced, directions (videos) for use on the website.
Me too, but I cant find the ABP candles , I downloaded one that looks like the APB candles but not exact, so what candles are u using?
I Have Learned to Take Some Losses to Make Profits
  • #46,946
  • Dec 16, 2014 7:26am Dec 16, 2014 7:26am
Quoting TheScorpS
{quote} Me too, but I cant find the ABP candles , I downloaded one that looks like the APB candles but not exact, so what candles are u using?
Skynight & ScorpS,

Go to the paper clip on the top of this page & download the
Synergy Pro file. In it it has the APB's that Dean Malone designed.
That should help you a lot. Also read the ebook
that he put together. That will really help you! And, you
will learn how he thinks & looks at things

sj
  • #46,947
  • Dec 16, 2014 7:27am Dec 16, 2014 7:27am
Quoting RedPhoenix
{quote} Great trade mate! Can you tell me what is the name of the indi that shows the chanel for the asian session. Thx
Thanks a lot,

I see from your chart that you got the Asian Session indicator, but am gonna post it anyway for others as well

One thing tho, if you notice weird behaviors from this indi, ie throwing lines up and down on the chart, let me know cause am having the same problem but cant really trade without it and heres why

Asian Session indicator, I use it for these reasons

1- Frankfurt often break and close below Aisan session high or low, that indicators tell me to get on board if LO H1 break FO bar

2- I use it also if LO set the low or high of the , then on lower time frame I watch a retest to that session high or low and continuation with LO move

Other reasons might be there but these are the 2 obvious reasons for the time being
Attached File(s)
File Type: ex4 Sessions-Asian.ex4   13 KB | 467 downloads
File Type: mq4 Sessions-Asian.mq4   10 KB | 530 downloads
I Have Learned to Take Some Losses to Make Profits
  • #46,948
  • Dec 16, 2014 7:38am Dec 16, 2014 7:38am
Quoting snarlyjack
Good morning everyone, (it's 5:30 a.m. my time & N/Y is getting started). I think were going into interesting times for a bunch of reasons! It's going to be fun to watch & trade the markets next year. If you look at a daily chart & reduce it 1 click, just to see the big picture. Then drop down to the 4 hour chart, to see what's going on their. Then drop down to the 1 hour chart to see what's going on with it. You'll have a pretty good idea of what is going on with the currency you trade. Then you go from their, took at the tdi, look at the levels,...
Thanks Sj,
We can't go wrong doing those steps.
My google chrome is playing up, cant open anything from it . just managed to get to this by firefox now...
Market was choppy during LO. hope all played safe
Appreciation is the key to wealth and happiness
  • #46,949
  • Dec 16, 2014 7:42am Dec 16, 2014 7:42am
Quoting likica
{quote} Thanks Sj, We can't go wrong doing those steps. My google chrome is playing up, cant open anything from it . just managed to get to this by firefox now... Market was choppy during LO. hope all played safe
Likica,

It will be interesting to see how the U.S. stock market
does today. In about 45 minutes it opens.

Hope you did good with your oil trades!
sj
  • #46,950
  • Edited 8:35am Dec 16, 2014 7:54am | Edited 8:35am
Quoting TheScorpS
{quote} Me too, but I cant find the ABP candles , I downloaded one that looks like the APB candles but not exact, so what candles are u using?
"Old original" Heikin Ashi:
Attached File(s)
File Type: mq4 Heiken Ashi.mq4   5 KB | 345 downloads


"New" Dean Malone's HA:
Attached File(s)
File Type: ex4 HeikenAshi_DM.ex4   3 KB | 351 downloads


et voilà!
Lorenzo
  • #46,951
  • Dec 16, 2014 7:54am Dec 16, 2014 7:54am
A quality comment from Big E:

Seriously... how many pips a week would you like to earn consistently? Are you making
25 pips total, 40, 60... what? The more trades you take on the lower time frames the
more losses you'll have... Your putting the odds in the Brokers favor... Why not wait
for the perfect set up on the 1 or 4h chart. I made only 2 trades last week on the 4h
chart and made over 150 pips. So what if your trading mini lots... two good set ups and
like me you would have made good pips... Don't be so desperate or in a hurry to get
into trades... good ones come along all the time... wait until it appears, then grab it.
  • #46,952
  • Dec 16, 2014 7:56am Dec 16, 2014 7:56am
Quoting Fd7999
A quality comment from Big E: Seriously... how many pips a week would you like to earn consistently? Are you making 25 pips total, 40, 60... what? The more trades you take on the lower time frames the more losses you'll have... Your putting the odds in the Brokers favor... Why not wait for the perfect set up on the 1 or 4h chart. I made only 2 trades last week on the 4h chart and made over 150 pips. So what if your trading mini lots... two good set ups and like me you would have made good pips... Don't be so desperate or in a hurry to get into trades......
He was the traders trader... a master of masters...
  • #46,953
  • Dec 16, 2014 8:06am Dec 16, 2014 8:06am
Thx all "masters" I found also thx to your help how to get to "Dean's Sinergy Pro", but does anyone of you has the DOTS or the so called price prediction with levels of take profits and SL.

Thx in advance for any help.
  • #46,954
  • Dec 16, 2014 8:19am Dec 16, 2014 8:19am
Quoting cristy1980
Thx all "masters" I found also thx to your help how to get to "Dean's Sinergy Pro", but does anyone of you has the DOTS or the so called price prediction with levels of take profits and SL. Thx in advance for any help.
Hello Cristy,
Nice meeting you!

To get the dots system.
Use the Tdi & Synergy pro asr & dsr levels, with the apb's.
To add the trend:
30,35,40,45,50,55,&60 ema/close (long term guppy's).
The pac (price action channel) is, 5 smoothed high/low.
This will give you the trend, levels & tdi.
I also use Lastingwell's supply/demand s/r levels (in paper clip).
And the 200 ema/close for long term trend.
Practice, practice & practice...

I hope this helps you!
sj
  • #46,955
  • Dec 16, 2014 8:20am Dec 16, 2014 8:20am
Quoting Greenb
{quote} NY open i would think. pretty sure its going to be bloody
GJ - still dont like it long... will have to do something impressive (apart from 100pip wick(s) into D1 support ...lol)...lol... to change my mind???
  • #46,956
  • Dec 16, 2014 8:26am Dec 16, 2014 8:26am
Quoting TheScorpS
{quote} Thanks a lot, I see from your chart that you got the Asian Session indicator, but am gonna post it anyway for others as well One thing tho, if you notice weird behaviors from this indi, ie throwing lines up and down on the chart, let me know cause am having the same problem but cant really trade without it and heres why Asian Session indicator, I use it for these reasons 1- Frankfurt often break and close below Aisan session high or low, that indicators tell me to get on board if LO H1 break FO bar 2- I use it also if LO set the low or high...
Thank you, found it already
  • #46,957
  • Dec 16, 2014 8:39am Dec 16, 2014 8:39am
Quoting griffinssoul
Everything looks weird - watching AChf just for fun - could be break-out fake-out high - TMS short play...
Kicking myself for not taking AChf - too weak PA & wicky @ entry [ ... oh, thats why i didnt take it... lol] - but is now looking to test W1 support - major support! Likica, did you take it by any chance?
  • #46,958
  • Dec 16, 2014 8:45am Dec 16, 2014 8:45am
Quoting snarlyjack
{quote} Hello Cristy, Nice meeting you! To get the dots system. Use the Tdi & Synergy pro asr & dsr levels, with the apb's. To add the trend: 30,35,40,45,50,55,&60 ema/close (long term guppy's). The pac (price action channel) is, 5 smoothed high/low. This will give you the trend, levels & tdi. I also use Lastingwell's supply/demand s/r levels (in paper clip). And the 200 ema/close for long term trend. Practice, practice & practice... I hope this helps you! sj

Thx for heads-up, I did spent quite some time studying this tread, I look for something simple, and not to transform my graphs into a christmas tree... , but since I'm a newbie I end-up with a total mess in my head and on my screen since I didn't find a system that will suits me. I did look also to RENKO charts, they look also easy to use but...
One thing I know for sure, I'm not able to follow the small fast time frames, so I will have tot find a trade system on 1H, 4H ,D, not to say that I'm doing trading during my working hours at the office, and do not have always time to monitor trades, and from time to time late evening (East European Time). So, I have to practice with this TMS... and I'll ask you or other "master" around here.
  • #46,959
  • Dec 16, 2014 8:55am Dec 16, 2014 8:55am
Hi guys,
How to set SL and TP for TMS?
thanks in advance
  • #46,960
  • Dec 16, 2014 9:00am Dec 16, 2014 9:00am
Hi all

CHF/J m30 chart attached...yellow verticle line shows entry

Reason for trade are as usual

Cheers -LL

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYM30.png Size: 16 KB
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