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Trading Made Simple

  • #48,121
  • Jan 2, 2015 7:11am Jan 2, 2015 7:11am
Quoting redcloudxlll
Am I able to jump in a trade now at this point of GJ ? TDI Confirms and the 4hr just opened. {image}
hi redcloud, I myself wouldn't take it quite yet for a couple reasons that are completely my own opinion on how I use TMS, 1) the 30 min tdi is pointing up, 2) there is good support around 185.80. 3) pound is temporarily weak from manufacturing PMI but I don't think there is alot of follow through against the yen....Like I said before I'm pretty conservative and these are just my thoughts
  • #48,122
  • Jan 2, 2015 7:12am Jan 2, 2015 7:12am
Quoting redcloudxlll
Am I able to jump in a trade now at this point of GJ ? TDI Confirms and the 4hr just opened. {image}
i m not a big fan of H4 during these hours (H4 works quite well while you sleep), by the look of those 2 red APBs size, I guess it will retrace before it go further down...
Appreciation is the key to wealth and happiness
  • #48,123
  • Jan 2, 2015 7:12am Jan 2, 2015 7:12am
Quoting adikashyap
{quote} Not at this time ... Not on a Friday ... My two cents ........
and what he said! LOL
  • #48,124
  • Jan 2, 2015 7:15am Jan 2, 2015 7:15am
Quoting wyley187
{quote} hi redcloud, I myself wouldn't take it quite yet for a couple reasons that are completely my own opinion on how I use TMS, 1) the 30 min tdi is pointing up, 2) there is good support around 185.80. 3) pound is temporarily weak from manufacturing PMI but I don't think there is alot of follow through against the yen....Like I said before I'm pretty conservative and these are just my thoughts


hi guise
what about stop lose and take profit
  • #48,125
  • Jan 2, 2015 7:36am Jan 2, 2015 7:36am
Quoting likica
{quote} i m not a big fan of H4 during these hours (H4 works quite well while you sleep), by the look of those 2 red APBs size, I guess it will retrace before it go further down...

That's what it looks like. Thanks likica. I'm nervous on trying the smaller time frames. Maybe I'll look into the 1hr. and see if I can get a few little pips.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,126
  • Jan 2, 2015 7:39am Jan 2, 2015 7:39am
Quoting wyley187
{quote} hi redcloud, I myself wouldn't take it quite yet for a couple reasons that are completely my own opinion on how I use TMS, 1) the 30 min tdi is pointing up, 2) there is good support around 185.80. 3) pound is temporarily weak from manufacturing PMI but I don't think there is alot of follow through against the yen....Like I said before I'm pretty conservative and these are just my thoughts
Thank you. I'm definitely learning as I go. trying to focus more one timeframe at a time. I used to trade the 15 minutes charts and used to get destroyed pretty fast now it seems to be a lot less chaotic at higher time frames.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,127
  • Jan 2, 2015 8:07am Jan 2, 2015 8:07am
Attached Image (click to enlarge)
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  • #48,128
  • Jan 2, 2015 8:22am Jan 2, 2015 8:22am
Good morning everyone,

Here is our gbp/usd 4 hour chart for everyone who has
been watching this chart.

This was a pin-bar trade, that worked out pretty good.

sj
Attached Image (click to enlarge)
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  • #48,129
  • Jan 2, 2015 8:32am Jan 2, 2015 8:32am
I wanted to wish all the new traders welcome to
Tms. I hope you like it & profit from it

Sometimes when you look at the market just a bit
differently it all clicks...and you'll be off to the races.

Welcome to 2015 & the New Year...

sj
  • #48,130
  • Jan 2, 2015 8:36am Jan 2, 2015 8:36am
Quoting erelation
{image}
Erelation,

You are getting good.

I like your chart...see how the apb's touched
the 200 ema. Works like a charm.

Good job!

sj
  • #48,131
  • Jan 2, 2015 8:42am Jan 2, 2015 8:42am
Quoting sknight1
In the interest of learning to "quite while I'm ahead"..... because I always seem to hold on to my winning trades until they turn into BE or, worse, losses.... I've closed out my trades. Hope you folks aren't offended by the lack of HA and TDI on the charts. I've learned a lot here but, I can read regular candles better. And I really enjoy the camaraderie here. {image}
Sknight,

Perfect!

"You gotta know when to hold them & know when to fold them"

sj
  • #48,132
  • Jan 2, 2015 8:57am Jan 2, 2015 8:57am
Quoting Msis125125
Sorry to be pain, but after about 20 pages, I still didn't get where are the entry points. Here is my chart! Can someone please explain the rules of this system? Where I should enter the market? Thank you in advance. {image}
Msis,

Nice meeting you & welcome to Tms.

Your right reading all 2408 pages is a huge undertaking.
If I could make a suggestion to you. In mid October I
introduced the "Dots" system. (Which is Tms with the guppy
system). I think if you go back & read from October until now
you will be up to speed pretty quick.

If you have any questions please feel free to ask & once again
nice meeting you!

sj
  • #48,133
  • Jan 2, 2015 8:58am Jan 2, 2015 8:58am
Quoting snarlyjack
I wanted to wish all the new traders welcome to Tms. I hope you like it & profit from it Sometimes when you look at the market just a bit differently it all clicks...and you'll be off to the races. Welcome to 2015 & the New Year... sj
HI SJ!! Happy New Years!!!!
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,134
  • Jan 2, 2015 9:03am Jan 2, 2015 9:03am
my gbp/nzd short is making a little headway, not sure how much followthrough I'm gonna get though, targeting 1.9900, I should add I'll be watching PA at the lotd at 199.35-45
  • #48,135
  • Jan 2, 2015 9:06am Jan 2, 2015 9:06am
Quoting snarlyjack
{quote} Erelation, You are getting good. I like your chart...see how the apb's touched the 200 ema. Works like a charm. Good job! sj
Hi SJ,

Thank you for your comment on my trade setup..... It definitely help in my learning and application of TMS.

Hope this trade turn up well... my biggest challenge is still walk around from the screen.... now i better stay clear
of FF after taking the trade too.... going to play game on my mobile now..

All the best in getting green pips...

Regards
erelation
  • #48,136
  • Jan 2, 2015 9:10am Jan 2, 2015 9:10am
So much for that whole "decoupling" meme... Just as China and then Europe saw weakness in their manufacturing PMIs, so the US data just hit, printing 53.9 (missing expectations modestly) and falling for 4 straight months to the lowest since January 2014's Polar Vortex. Production volumes are also the weakest since Jan 2014 and the employment sub-index collapsed. Markit warns, "this suggests a slowdown could become more entrenched."





Attached Image (click to enlarge)
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  • #48,137
  • Jan 2, 2015 9:21am Jan 2, 2015 9:21am
Quoting dan78
So much for that whole "decoupling" meme... Just as China and then Europe saw weakness in their manufacturing PMIs, so the US data just hit, printing 53.9 (missing expectations modestly) and falling for 4 straight months to the lowest since January 2014's Polar Vortex. Production volumes are also the weakest since Jan 2014 and the employment sub-index collapsed. Markit warns, "this suggests a slowdown could become more entrenched." {image}
Dan,

Your right, 2015 could be a very interesting year.
The USA still has a budget battle coming up very quickly.

***All the news around the world will show up in the
apb's. All we need to watch is the apb's to see everyone's
reaction to the news. Concentrate on the apb's, that's the secret***

Good trading by the way!
sj
  • #48,138
  • Jan 2, 2015 9:28am Jan 2, 2015 9:28am
Quoting snarlyjack
{quote} Dan, Your right, 2015 could be a very interesting year. The USA still has a budget battle coming up very quickly. ***All the news around the world will show up in the apb's. All we need to watch is the apb's to see everyone's reaction to the news. Concentrate on the apb's, that's the secret*** Good trading by the way! sj
hi SJ, just curious if when you started trading TMS if you followed dean malones take on it? Ie, MBL and volatility lines etc for the tdi? I feel its quite a bit more conservative and have been finding I'm missing some pretty good trades,although I will add that I have a higher win%, do you personally think there is merit to his take on the TDI? I'm kind of battling with myself over which path to take
  • #48,139
  • Jan 2, 2015 9:38am Jan 2, 2015 9:38am
Quoting snarlyjack
{quote} Dan, Your right, 2015 could be a very interesting year. The USA still has a budget battle coming up very quickly. ***All the news around the world will show up in the apb's. All we need to watch is the apb's to see everyone's reaction to the news. Concentrate on the apb's, that's the secret*** Good trading by the way! sj
Hello SJ

I think that the fundamental analysis is also important as the AT.

I wanna let you know I appreciate the fundamental analysis.

  • #48,140
  • Jan 2, 2015 9:41am Jan 2, 2015 9:41am
Quoting wyley187
{quote} hi SJ, just curious if when you started trading TMS if you followed dean malones take on it? Ie, MBL and volatility lines etc for the tdi? I feel its quite a bit more conservative and have been finding I'm missing some pretty good trades,although I will add that I have a higher win%, do you personally think there is merit to his take on the TDI? I'm kind of battling with myself over which path to take
Wyley,

I became more profitable when I switched to
higher time frame charts & became more picky
with my trade set-ups.

I think Dean Malone is a excellent teacher &
trader. Eelfranz was a pretty aggressive trader.
I'm a more conservative trader. I don't think their is
a right or wrong way. It all comes down to your
comfort level...

sj
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