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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #51,521
  • Jan 28, 2015 9:59am Jan 28, 2015 9:59am
Quoting snarlyjack
{quote} Zef, I don't trade with the cavemanager, so I can't help you with it. What I wanted to say is, if you add the dsr dynamic s/r level to your charts you will see their is a lot of room for the e/j to run. I use the asr/dsr levels as my targets...lot's of room on the downside. sj
SJ,

Thanks for your reply. I've put on the ADR lines, I had the dsr already on. Guess the CaveManager needs a lot of tweaking around and I dont see it as crucial, at least not at this point. Thanks and sorry for the offtopic.

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Best regards, Zef
  • #51,522
  • Jan 28, 2015 10:00am Jan 28, 2015 10:00am
Quoting snarlyjack
{quote} Marinos, The eur/usd looks good. It looks like the USD is getting stronger. I have a short position in the eur/usd (long term trade) & I'm just letting it ride... It has room to run on the downside. "Currency devaluation"... sj
welldone sj , but the eur/usd hasnt close below pac, maybe
it will close below it at candle #2. still washing
  • #51,523
  • Jan 28, 2015 10:00am Jan 28, 2015 10:00am
Quoting Bk8
{quote} GU -40 pips and counting
Looks like most of the traders are jealous of USD... E.g if there is a good news for USD.. no reaction in market but minor negative news makes USD loser right away
  • #51,524
  • Jan 28, 2015 10:12am Jan 28, 2015 10:12am
Quoting snarlyjack
Take a look at the gbp/usd 4 hour chart. It's starting to look interesting... (but not quite ready for a short position yet). But worth watching. If you look at my charts this is exactly how I look at the markets for the longer time frames. sj {image} {image}
SJ remember about news in 3h on USD
  • #51,525
  • Jan 28, 2015 10:26am Jan 28, 2015 10:26am
i love when all 3 TDI line on the same direction..

Took GJ +20 pips
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only 100 pips / week
  • #51,526
  • Jan 28, 2015 10:43am Jan 28, 2015 10:43am
Quoting snarlyjack
Take a look at the gbp/usd 4 hour chart. It's starting to look interesting... (but not quite ready for a short position yet). But worth watching. If you look at my charts this is exactly how I look at the markets for the longer time frames. sj {image} {image}
Hi snarlyjack,where can i find your template/indicators?
  • #51,527
  • Jan 28, 2015 10:51am Jan 28, 2015 10:51am
GJ scalp trade on M15 for +35 green

+60 green from oil trade (away from DOL and 200ma and Guppy, green crossed red and yellow), exited at YL. I m done for today.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 28.1.15 oil M15 M5 Short @7a est +60 green.png Size: 69 KB
Appreciation is the key to wealth and happiness
  • #51,528
  • Jan 28, 2015 11:02am Jan 28, 2015 11:02am
Quoting omonisha
{quote} Super trade likica
thanks OS.
Appreciation is the key to wealth and happiness
  • #51,529
  • Jan 28, 2015 11:10am Jan 28, 2015 11:10am
Quoting cristy1980
{quote} Hi Omonisha, I have a question, also for Emmanuel (he is a master here...) what is the correct way to work with "inside bar"?? How do you interpret them in the bigger picture context of the price action evolution? I mean there are times when they come and signal a continuation of bar evolution, and there are time when they signal reversal. So what is there correct approach with them. I know this is nothing else than another indicator and should be used along with the rest of tools that you posses in your "tool box", and in the end the context...
Hi cristy

Hope emmanuel7788 will answer you with more detail. One way IB can be traded as continuation signal. Price concolidate a while forms IB and we look to trade of breakout with the current trend and momentum.

IB also act as reversal signal. But there are other thing we need for it to work. Like location, S/R etc.... Candlestick pattern IB OB PB etc.. are all over the place. They are only important when they appear at the right location..
Sad i'm not trying to understand PA
  • #51,530
  • Jan 28, 2015 11:15am Jan 28, 2015 11:15am
Quoting Sesamstrasse
{quote} The same thing happens normally twice a year.. Middle december to middle/end of january and middleof july to end of august . During the holiday season , also some of the institutionals are off, that s the point why it´s less money in the market and some " usually reached targets " get not reached.. The second important thing is : As later in a week , a month or in a year the trend is forming , as better is the trend clear to see. I´m sure you ll handle it .. you´re ding really well . Guido
Excelent Sesamstrasse thanks for the info. I think i did face this situation last August or September i can't remember which month it was as i wasn't aware of this.
Sad i'm not trying to understand PA
  • #51,531
  • Jan 28, 2015 1:07pm Jan 28, 2015 1:07pm
The euro is all over the place after this FFR release
Best regards, Zef
  • #51,532
  • Jan 28, 2015 1:31pm Jan 28, 2015 1:31pm
Quoting aamirgpi
{quote} Hi snarlyjack,where can i find your template/indicators?
Aamirgpi,

Nice meeting you & welcome to Tms.

See post # 50,241.
Be sure to read the e-book!

Welcome
sj
  • #51,533
  • Jan 28, 2015 1:35pm Jan 28, 2015 1:35pm
Quoting ZeF
The euro is all over the place after this FFR release
Zef,

It will be interesting to see where prices end up at N/Y close.
Their might be some good set-ups tonight in the Asia session.
Oil...44.65
Dow...-45.
I'm watching the 4 hour chart's...
sj
  • #51,534
  • Jan 28, 2015 1:41pm Jan 28, 2015 1:41pm
How do you react with your current entries when a volatil new is coming?
  • #51,535
  • Jan 28, 2015 1:49pm Jan 28, 2015 1:49pm
UC M15 +18.3, (5 lots) Here is a good example of what not to do with a scalp that went against me and I should not have traded due to the upcoming news. I kept my buy position based on the USD strength on the higher t/f's H1, H4 and daily. This large of a draw down and terrible R:R is against my scalping rules but the higher t/f's indicated a pullback.....and a little luck sometimes helps....a lesson learned on this one!
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Keep It Simple
  • #51,536
  • Jan 28, 2015 1:59pm Jan 28, 2015 1:59pm
Quoting AlexoBrawler
How do you react with your current entries when a volatil new is coming?
Hi Alex,

Trading the 4 hour & daily charts, I don't really pay attention
to news except USA unemployment data.

I was positioned for the latest Euro Qe news.

In the longer time frames you can see the news
in the apb's. The news's for the most part doesn't really
effect the longer time frames. Prices after they thrash around
revert back to their original longer term trend.

sj
  • #51,537
  • Jan 28, 2015 2:03pm Jan 28, 2015 2:03pm
OK got the news..GBPNZD-H1
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Sad i'm not trying to understand PA
  • #51,538
  • Jan 28, 2015 2:05pm Jan 28, 2015 2:05pm
Quoting cigarguy
UC M15 +18.3, (5 lots) Here is a good example of what not to do with a scalp that went against me and I should not have traded due to the upcoming news. I kept my buy position based on the USD strength on the higher t/f's H1, H4 and daily. This large of a draw down and terrible R:R is against my scalping rules but the higher t/f's indicated a pullback.....and a little luck sometimes helps....a lesson learned on this one! {image}
Cigarguy,

I've been watching the usd/cad. (I have a long position
on the 4 hour chart).

Your a way better scalper than I'm. I have faith in
you, you'll more than make it up

A little loss doesn't stop a great trader...

sj
  • #51,539
  • Jan 28, 2015 2:05pm Jan 28, 2015 2:05pm
Quoting snarlyjack
{quote} Hi Alex, Trading the 4 hour & daily charts, I don't really pay attention to news except USA unemployment data. I was positioned for the latest Euro Qe news. In the longer time frames you can see the news in the apb's. The news's for the most part doesn't really effect the longer time frames. Prices after they thrash around revert back to their original longer term trend. sj
Got it!, thanks... Can I make you another question? do you recommend to read the basics of another threads like TMS? I guess for example X-Man's Super Simple System could be something the same as this thread...
  • #51,540
  • Jan 28, 2015 2:09pm Jan 28, 2015 2:09pm
Quoting snarlyjack
{quote} Cigarguy, I've been watching the usd/cad. (I have a long position on the 4 hour chart). Your a way better scalper than I'm. I have faith in you, you'll more than make it up A little loss doesn't stop a great trader... sj
sj,

Kinda got lucky on this one and escaped with a small +18.3 profit with a terrible drawdown.....not for the faint hearted for sure. Don't try this one at home....
Keep It Simple
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