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Trading Made Simple

  • #49,341
  • Edited 5:46pm Jan 9, 2015 5:25pm | Edited 5:46pm
Quoting streetcry
Would anyone else be considering signal on GA off level drawn in blue ? {image}
http://www.forexfactory.com/attachme...1&d=1420806744

Hi streetcry,

You identified the previous price swing and used that for support and resistance zone. This is good.
To look for high probability trade setups, we look for setups around CONFLUENCE of various support and resistance.

You can use the BN Levels (post#23,389) to help you see those key price levels 00, 50.
Also in that post#22,389 are two Prev D and Prev W Fibos, you can also use these as support and resistance.

For H1 intraday trading, use the BN levels and Prev D Fibo on H1 chart.

Your chart show the PA around the BRN 1.8600 and also Prev D Fib 50%, and with the blue zone you identified, that is a high probability reversal.
The Price Action setup is an H1 Inside Bar which is one way to see price consolidation. This is PASR for TMS H1 trading.

This one of my H1 entry method (Type 5) which I shared post#47,657. I made a pdf in post#48,780.
Keep it simple, just five common H1 setups for everyday trading.

Hope this help you in with preparing a H1 intraday trade plan.

Regards,
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #49,342
  • Jan 9, 2015 6:29pm Jan 9, 2015 6:29pm
i hope when sydney open on monday, my 100 pips will be hit...
Attached Image (click to enlarge)
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only 100 pips / week
  • #49,343
  • Jan 9, 2015 6:46pm Jan 9, 2015 6:46pm
Hi all,

Do you think that the current 2 bottom from Aud Usd could trigger a long term revers? I know u guys just trade charts, but could it be possible to see switch:

Attached Image (click to enlarge)
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Thx,
Cris
  • #49,344
  • Jan 9, 2015 6:50pm Jan 9, 2015 6:50pm
Quoting nefilim
i hope when sydney open on monday, my 100 pips will be hit... {image}
No, don't hope this way.
You can 'upsize' your to D1 chart position trading.
Protect what you have. Re-invest some profits.
Add more positions with the banked-in profits.
There is no reversal seen in D1 and the next support is still some distance away (ca 200pips)
Once price breaks Dec Open and Low, we are in business to sell more.... down to 1.8159... maybe 1.8150. another 250pips whopper.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #49,345
  • Edited 7:17pm Jan 9, 2015 6:57pm | Edited 7:17pm
Quoting cristy1980
Hi all, Do you think that the current 2 bottom from Aud Usd could trigger a long term revers? I know u guys just trade charts, but could it be possible to see switch: {image} Thx, Cris

Hi cristy,

Technically speaking looking at H4 chart, it is possible for weekly 4H swing. It is re-testing 0.8185 and it can attempt 0.8410 on my D chart.
But we have RBA rates decision and that can sink AUD. It is about the TIMING.

Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #49,346
  • Jan 9, 2015 6:57pm Jan 9, 2015 6:57pm
Quoting emmanuel7788
{quote} No, don't hope this way. You can 'upsize' your to D1 chart position trading. Protect what you have. Re-invest some profits. Add more positions with the banked-in profits. There is no reversal seen in D1 and the next support is still some distance away (ca 200pips) Once price breaks Dec Open and Low, we are in business to sell more.... down to 1.8159... maybe 1.8150. another 250pips whopper. Good Trading!

i see..will protect my pips and wait for re-entry next week..

thank you for your advice emm

Regards,
Nef
only 100 pips / week
  • #49,347
  • Jan 9, 2015 7:15pm Jan 9, 2015 7:15pm
Quoting nefilim
{quote} i see..will protect my pips and wait for re-entry next week.. thank you for your advice emm Regards, Nef

Just sharing my view and please don't treat them as advice. Don't get me wrong when I say this.
When we use the same approach and see the same, we are good.

Just look at the D chart TDI, the momentum is very strong and the price action also shows that. The TDI Green PL went out of the lower VB, when that re-enrts the VB, look out for price consolidation. The TDI can reach down to the 20-level, then we look for consolidation before any bullish reversal happens.
look at the last major reversal on the price chart and then look at where the TDI level was when that happened.
Look at history where previous reversals took place both on price chart and the oscillator (our TDI).
Eelfranz said this, but only a few times and very simply worded. This is one way he looked at reversal trades. This is also written in the book title "RSI:The Complete Guide" by John Hayden. Look up the attachements for this ebook.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #49,348
  • Jan 9, 2015 8:56pm Jan 9, 2015 8:56pm
Quoting emmanuel7788
{quote} Just sharing my view and please don't treat them as advice. Don't get me wrong when I say this. When we use the same approach and see the same, we are good. Just look at the D chart TDI, the momentum is very strong and the price action also shows that. The TDI Green PL went out of the lower VB, when that re-enrts the VB, look out for price consolidation. The TDI can reach down to the 20-level, then we look for consolidation before any bullish reversal happens. look at the last major reversal on the price chart and then look at where the...
Hi emm
based on your analysis, do you mean major reversal probably happen when TDI level reach the level like i show on my chart?
correct me if i'm wrong...

Regards
Attached Image (click to enlarge)
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only 100 pips / week
  • #49,349
  • Edited 10:12pm Jan 9, 2015 9:29pm | Edited 10:12pm
Quoting Ballistical
2015 Week 2 - Trade Summary: 5 trades in total: - 2 wins - 3 BE - 0 Losses A fairly good start to my 2015 on EA H1. A total of 80 pips this week adding approximately +6% on to my account. Monday: Reduced my 50 pip TP to a conservative 30 pips in line with a recent support level from the previous week (yellow line). The increased momentum in the market however burst through this and would have given up 50 as it happens. (+30 pips, +2%) Tuesday: Double top formed by Frankfurt and LO candle. As explained previously, TDI hadn't fully crossed but entry...
Good trade management BAL

I am still not good at looking at charts without any MA.
pardon me if any of you don't like my decoration
Here is the EA M30 (my favorite TF), for the week, if only taking FO/LO trades with TDI arrows and PT/SL 30pips since it from M30, note that PT could be 50 and more if HTF also confirmed, and not against guppy nor 200MA, result should be 99.9% win (I don't put 100% as it looks too perfect, and nothing in the world is 100% perfect unless it s fake)
Therefore, practise and have trust in TMS, no need to guess or predict what will happen next or sure you will have more grey hair and headache.
Attached Image (click to enlarge)
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Appreciation is the key to wealth and happiness
  • #49,350
  • Jan 9, 2015 10:14pm Jan 9, 2015 10:14pm
After taking a few days away from trading over the holidays, here are my TMS trades on EA H1 for the week. Mostly LO trades with a couple of exceptions (one NY session trade on Tuesday after ADR was hit for the day and price made a correction move & one NY trade after non-payroll established its direction on Friday).
Attached Image (click to enlarge)
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  • #49,351
  • Jan 10, 2015 1:13am Jan 10, 2015 1:13am
Quoting likica
{quote} Good trade management BAL I am still not good at looking at charts without any MA. pardon me if any of you don't like my decoration Here is the EA M30 (my favorite TF), for the week, if only taking FO/LO trades with TDI arrows and PT/SL 30pips since it from M30, note that PT could be 50 and more if HTF also confirmed, and not against guppy nor 200MA, result should be 99.9% win (I don't put 100% as it looks too perfect, and nothing in the world is 100% perfect unless it s fake) Therefore, practise and have...
Thanks for sharing Likica,

Nothing wrong with the MA's. I always have the 200MA on my chart.

EA M30 gave some really nice entries this week around FO/LO. Often waiting for proper TMS setups on H1 means you can end up missing a lot of the move whereas M30 can get you in earlier.
Focus on the process and the profits will follow
  • #49,352
  • Jan 10, 2015 1:32am Jan 10, 2015 1:32am
Quoting Phx62
After taking a few days away from trading over the holidays, here are my TMS trades on EA H1 for the week. Mostly LO trades with a couple of exceptions (one NY session trade on Tuesday after ADR was hit for the day and price made a correction move & one NY trade after non-payroll established its direction on Friday).{image}
As always, excellent trading! Thank you for sharing your chart!

I see that more or less all of your LO trades appear to be taken on a break of the Frankfurt candle. (4 of these were also in line with the primary downtrend)

I'd be interested to hear how you manage your trades around news. I know that you used to move your SL to BE around 21 pips profit. However, this week I got stopped out at BE on Wednesday and Thursday by EUR news. Many times this news seems to cause a bit of a spike but then PA continues in the same direction. You (rightly) held your positions with room to breathe for them to go on and meet your TP. That said, you correctly got out at BE on Friday when the market reversed.

Thanks again for sharing!
Focus on the process and the profits will follow
  • #49,353
  • Jan 10, 2015 2:08am Jan 10, 2015 2:08am
Hi Phx62

Just wanted to know how u set TP level...is it normally 50 pips or when the TDI flats or hooks...please do advice

Regards
Dennis
  • #49,354
  • Jan 10, 2015 2:44am Jan 10, 2015 2:44am
Quoting Phx62
After taking a few days away from trading over the holidays, here are my TMS trades on EA H1 for the week. Mostly LO trades with a couple of exceptions (one NY session trade on Tuesday after ADR was hit for the day and price made a correction move & one NY trade after non-payroll established its direction on Friday).{image}
how about EU,1.1750 may be the bottom on short term.
  • #49,355
  • Jan 10, 2015 3:14am Jan 10, 2015 3:14am
Quoting Ballistical
{quote} As always, excellent trading! Thank you for sharing your chart! I see that more or less all of your LO trades appear to be taken on a break of the Frankfurt candle. (4 of these were also in line with the primary downtrend) I'd be interested to hear how you manage your trades around news. I know that you used to move your SL to BE around 21 pips profit. However, this week I got stopped out at BE on Wednesday and Thursday by EUR news. Many times this news seems to cause a bit of a spike but then PA continues in the same direction. You (rightly)...

This!

I'd be very interested to find out the answer to this too.
  • #49,356
  • Jan 10, 2015 3:16am Jan 10, 2015 3:16am
Quoting likica
{quote} Good trade management BAL I am still not good at looking at charts without any MA. pardon me if any of you don't like my decoration Here is the EA M30 (my favorite TF), for the week, if only taking FO/LO trades with TDI arrows and PT/SL 30pips since it from M30, note that PT could be 50 and more if HTF also confirmed, and not against guppy nor 200MA, result should be 99.9% win (I don't put 100% as it looks too perfect, and nothing in the world is 100% perfect unless it s fake) Therefore, practise and have...
Thanks for sharing likika!
I have to say, been watching TMS for 1,5 years now and never considered watching the M30 until now. Will watch.
  • #49,357
  • Jan 10, 2015 4:46am Jan 10, 2015 4:46am
Hi Guys,
I'm a newbie in TMS. After reading plenty of pages and demo this system for a month, I need some advices from seniors.
Here's my question,
1. I trade on H4, I knew where to put my SL but not really sure about TP, any suggestion ?
2. In the 1st photo, I traded the first downtrend. Should I quit at the second candle after the down arrow ? (Green line goes flatten) or quit at the red cross?? (TDI hook over)
3. For the uptrend, I guess that's a good entry, am I right? But a bear candle pop out, should I quit my trade ?( TDI hook over)
4. Another opportunity spotted (red vertical line marked) and I enter a sell trade but later on SL hit. Need some advices on this trade. How to avoid these losing trade ?

Sorry for my english. wish you guys earning pipssss everyday.

shinhwa
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  • #49,358
  • Jan 10, 2015 7:23am Jan 10, 2015 7:23am
Quoting emmanuel7788
{quote} {image} Hi streetcry, You identified the previous price swing and used that for support and resistance zone. This is good. To look for high probability trade setups, we look for setups around CONFLUENCE of various support and resistance. You can use the BN Levels (post#23,389) to help you see those key price levels 00, 50. Also in that post#22,389 are two Prev D and Prev W Fibos, you can also use these as support and resistance. For H1 intraday trading, use the...
Emmanuel thankyou very much for replying to my post in such detail, this is all a great help. Thanks again. SC
  • #49,359
  • Jan 10, 2015 7:39am Jan 10, 2015 7:39am
GU view: small tiny indecision candle on Daily chart got my attention. It will be interesting to see a break out...
Attached Image (click to enlarge)
Click to Enlarge Name: GU WD4H view 10.1.15.png Size: 135 KB
Appreciation is the key to wealth and happiness
  • #49,360
  • Jan 10, 2015 7:41am Jan 10, 2015 7:41am
Quoting Vladbold
{quote} Thanks for sharing likika! I have to say, been watching TMS for 1,5 years now and never considered watching the M30 until now. Will watch.
Yeah, we have Guppy, PAC, 200MA to guide (like SJ once mentioned), now wait for TDI to signal
Appreciation is the key to wealth and happiness
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