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Trading Made Simple

  • #49,001
  • Jan 7, 2015 7:43pm Jan 7, 2015 7:43pm
Quoting snarlyjack
{quote} Andy, This is a excellent example Thank you so much. sj Let's use the usd/jpy as a good training chart (daily, 4 hour & 1 hour). What do you see...? {image} {image} {image}
I see a BUY. H4 there is a pullback but on H1, do we have to wait to break above the swing high first?
  • #49,002
  • Jan 7, 2015 7:50pm Jan 7, 2015 7:50pm
Quoting likica
GU short set up {image}
Negative on the GU short call likica - i've got 4H moving into heavy W1 supp - could be a rough ride Got a bit of div happening 4H ... thats just me of course - dont let me side track ya
  • #49,003
  • Jan 7, 2015 7:51pm Jan 7, 2015 7:51pm
Quoting snarlyjack
{quote} Gracias, Welcome to Tms Your doing great...so far so good! If I can make a suggestion, go & read all my posts since October of 2014. It will help you to get up to speed very quickly. Two hours at the most... Nice meeting you! sj
Thanks for the advice SJ. Will be flipping back the page!
Nice meeting you SJ and happy greening the pips everyone!
  • #49,004
  • Jan 7, 2015 7:55pm Jan 7, 2015 7:55pm
Quoting shabba
{quote} I started there also, start from page 2159......
shabba,

thanks for the reference page!
  • #49,005
  • Jan 7, 2015 8:16pm Jan 7, 2015 8:16pm
Quoting griffinssoul
{quote} Negative on the GU short call likica - i've got 4H moving into heavy W1 supp - could be a rough ride Got a bit of div happening 4H ... thats just me of course - dont let me side track ya
thanks GS. TDI <32, bear still strong

Quoting snarlyjack
{quote} Andy, This is a excellent example Thank you so much. sj Let's use the usd/jpy as a good training chart (daily, 4 hour & 1 hour). What do you see...? {image} {image} {image}
nice charts SJ. kinda concern it s facing 200ma on H1, I d like to wait for it to get thru and retrace.
Appreciation is the key to wealth and happiness
  • #49,006
  • Jan 7, 2015 8:35pm Jan 7, 2015 8:35pm
Quoting likica
GU short set up {image}
I am short from 1.5115, hoping for a break of the master candle @ 1.5179 and a close out of the PAC for a further move south, on the 1 hr chart....ps, adding the guppys&PAC to my trading was the best thing I ever did
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  • #49,007
  • Jan 7, 2015 8:45pm Jan 7, 2015 8:45pm
Quoting snarlyjack
{quote} Andy, This is a excellent example Thank you so much. sj Let's use the usd/jpy as a good training chart (daily, 4 hour & 1 hour). What do you see...? {image} {image} {image}
Happy new year sj.

The 'current' suggests buy but I wouldn't trade this just yet or at least proceed with caution. D1 failed to reach a new high, short term and long term traders disagree, bullish PA has weakened and divergence between tdi and price, could be setting up for a change of trend but the stall could just be profit taking.

H4 has a more positive buy signal, price is well above PAC and has just broke through long term guppys and 200 sma but h1 has 200sma hurdle to overcome and is already 3 bars in since tdi cross but PA is strong. On The weekly chart price has stalled. In an nut shell I see indecision and wait for the market to make it's mind up.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #49,008
  • Jan 7, 2015 9:03pm Jan 7, 2015 9:03pm
Quoting snarlyjack
{quote} Andy, This is a excellent example Thank you so much. sj Let's use the usd/jpy as a good training chart (daily, 4 hour & 1 hour). What do you see...? {image} {image} {image}
The pair is showing strength at the moment, forming HH_HL even tho it hits 61.8 on H4, of the impluse leg down, dosent mean a reversal due to strength going in the zone from the bulls, now at this stage a strong reversal candle if prints can shows some bears jumping the market, but so far PA is heading utpo 120.000 unless it failed to break PA structure and failed to break LL,LH sequence
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I Have Learned to Take Some Losses to Make Profits
  • #49,009
  • Jan 7, 2015 9:32pm Jan 7, 2015 9:32pm
sell GA..little bit to late but still get 30 pips..
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only 100 pips / week
  • #49,010
  • Jan 7, 2015 9:33pm Jan 7, 2015 9:33pm
Thanks guys, AU working nicely. My trading charts are old school, but I'm making decisions based on MT4\TMS charts. 69 pips on the first half, looking for a chance to add profits back in as the daily triggers, need some sort of pb on the H4, H1.

Thanks,
Walter
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  • #49,011
  • Jan 7, 2015 10:16pm Jan 7, 2015 10:16pm
The EG seems to be coiling on the 4H and 1H, I only like to play these on a pullback after the breakout, if it has a decent cross to go with it
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  • #49,012
  • Jan 7, 2015 11:52pm Jan 7, 2015 11:52pm
Long time lurker, first time poster to this thread. I have learned a lot from many of the members here, thanks for all your contributions. Very simple trade below +52 on EUD/AUD.
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  • #49,013
  • Jan 8, 2015 12:08am Jan 8, 2015 12:08am
Quoting snarlyjack
{quote} Redcloud, If you want excitement trade the 1 minute chart. If you want serious money trade the daily. I don't think George Sorius (famous trader) trades the 1 minute, I think he trades the daily with position sizing... sj

Hi SJ, When you trade on the Daily Charts, What do you look for? do you just follow the trend? Do you look for Correlation with the higher TF? Week Month? I'm just wondering.

I find it that the higher the time frame the more profitable I am. I have traded the 15 minute charts, it's how I learn to trade but was never profitable as profitable. I learn Craig Harris, The Insider Code by Mac X, Bill Poulos Point & Figure, Dean Malones Synergy Compass FX (I didn't pay attention I sort of gave up) (I was 19 at the time.) I still have all of the systems and books, still have all my Craig harris indicators from IBOB to Stochastics to the Tokyo Channel.

I want to keep it simple, to focus on something that works and That's how I found TMS browsing the internet and I decided to check out the forum here on forex factory. With my knowledge and everything I have learned in the past couple of years, I'm learning to correct the mistakes that kept me from trading profitably. Now I focus more on the 1hr and 4hr. Looking for entry setups using the 12pm 2pm, 4pm 6pm TDI confirmation and also learning how to use the APB better. I'm still learning and I'm learning extremely fast.

I know I'm writing too much. But I noticed you said that if I really wanted to focus on making good money Daily charts the way to go. I don't want to waste your time and I would like to learn how you trade the Daily with TMS.

Thank you,
Carlos
Positive anything is better than negative thinking.- Elbert Hubbard
  • #49,014
  • Jan 8, 2015 12:11am Jan 8, 2015 12:11am
In my ignorance yestarday i was "sooo" busy trying to learn and understand the trading but there are more important things to be thankful for(your health, friends, family), and i just saw the news about the attack in Paris. What is wrong with the world, why so much hate, they just killed 12 ppl for nothing, or for some stupid beliefs. I hope they bomb the guys who did this so nothing like this happens again.
RIP.

Quoting wyley187
{quote} I am short from 1.5115, hoping for a break of the master candle @ 1.5179 and a close out of the PAC for a further move south, on the 1 hr chart....ps, adding the guppys&PAC to my trading was the best thing I ever did {image}
What is PAC?

Thank you
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,015
  • Jan 8, 2015 12:23am Jan 8, 2015 12:23am
Hi Lastinwell happy new year, I have missed your charts.
  • #49,016
  • Jan 8, 2015 12:24am Jan 8, 2015 12:24am
Quoting shabba
In my ignorance yestarday i was "sooo" busy trying to learn and understand the trading but there are more important things to be thankful for(your health, friends, family), and i just saw the news about the attack in Paris. What is wrong with the world, why so much hate, they just killed 12 ppl for nothing, or for some stupid beliefs. I hope they bomb the guys who did this so nothing like this happens again. RIP. {quote} What is PAC? Thank you
Price Action Channel.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #49,017
  • Jan 8, 2015 12:27am Jan 8, 2015 12:27am
EURAUD D chart EOD trade update

We got a nice breakout and now floating +60pips.
We now have to decide the add-on position when London session opens.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #49,018
  • Jan 8, 2015 12:31am Jan 8, 2015 12:31am
Quoting redcloudxlll
{quote} Price Action Channel.
And how i can attach it to my chart? Can you point it out on a chart so i can figure this out ?
Thank you.
If you want to make God laugh, tell him about your plans. Woody Allen
  • #49,019
  • Jan 8, 2015 12:49am Jan 8, 2015 12:49am
Quoting shabba
{quote} And how i can attach it to my chart? Can you point it out on a chart so i can figure this out ? Thank you.
PAC is 2 of 5MA that is 2 yellow lines parallel with each other along price (see chart attached). top line Parameters: Period:5, Shift: 1; MA method: Smoothed; Apply to: High, bottom line apply to Low.
Attach it to your chart like you did with other indies
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Appreciation is the key to wealth and happiness
  • #49,020
  • Jan 8, 2015 12:51am Jan 8, 2015 12:51am
Quoting likica
{quote} PAC is 2 of 5MA. top line Parameters: Period:5, Shift: 1; MA method: Smoothed; Apply to: High, bottom line apply to Low. Attach it like you do with other moving average/ indies

You beat me to it. I was just about to respond haha.
Positive anything is better than negative thinking.- Elbert Hubbard
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