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Trading Made Simple

  • #51,981
  • Feb 1, 2015 4:16am Feb 1, 2015 4:16am
EURCAD D chart to explain how I look at the price bar swing high and swing low and how i use the APB together when trading TMS.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD TMS PA setup examples.png Size: 70 KB


Note: I will mention price bar to refer to the real price OHLC seen as Bar Chart and candles will refer to the APB candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,982
  • Feb 1, 2015 5:00am Feb 1, 2015 5:00am
Quoting wolfsch
{quote} Hi amonisha seems you have a nice support indi, can you share it? Thanks
The white line's are drawn manually. S/R indicator is here.

 

  1. Post 42,626

Sad i'm not trying to understand PA
  • #51,983
  • Feb 1, 2015 5:11am Feb 1, 2015 5:11am
Quoting emmanuel7788
{quote} Hi macdh4, That is not my chart. I used the member's trdmny chart posted byb him to explain how I look at the swing high and swing low and those master candles. If you want to use the 5EMA, it is set to close price, + shift3. regards,
  • #51,984
  • Feb 1, 2015 5:58am Feb 1, 2015 5:58am
Quoting cigarguy
{quote} lydia, Once I enter my position, I have an EA that manages my TP and SL. Because I am trading at a low and fast t/f (M5 or M15) I set my EA for a small 5 pip profit (trading with multiple lots) and a 10 pip hidden stop loss (PA rarely hits my hidden stop as I will close manually if it reverses so the R:R is not an issue) and watch my trade to quickly close if it goes against me. Some find this type of scalping too stressful but I have been doing it for many years and have found that I it works well for me with little stress. Good trading...
Thanks Cigarguy 😊
  • #51,985
  • Feb 1, 2015 6:32am Feb 1, 2015 6:32am
Quoting lydia
{quote} Thanks Cigarguy 😊
Keep It Simple
  • #51,986
  • Feb 1, 2015 8:27am Feb 1, 2015 8:27am
big emm (great emmanuel)and other TMS lover what you think about eu aud i am looking area 68( big e's favorite area) TDI ,candle looking lucrative but caution is RBA news ..so please share your views ...pairs range is 250/300+

old set piece from BIg e (from my archieve) for 68 and 32 area and tdi angle recall golden past.. memory
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu aud probability.png Size: 53 KB
Click to Enlarge Name: u-c.gif Size: 22 KB
Click to Enlarge Name: e-u 1ha.gif Size: 22 KB
Say something meaningful or Silence!!
  • #51,987
  • Feb 1, 2015 9:55am Feb 1, 2015 9:55am
Quoting macdh4
{quote} which the configuration of this EMA is 5 ema deviation 3? Thank you and sorry for the confusion I have been reading everything, but takes time. {image}
That indicator is the ..( T_S_R) Signal Line...with a 10,2 0 setting...............

Just want to thank Emmanuel and pips29 for your help!!!
  • #51,988
  • Feb 1, 2015 11:14am Feb 1, 2015 11:14am
Quoting emmanuel7788
{quote} Hi, I can certainly help you only when you post your charts showing your trades taken with entry and exit. Do you know how to select, drag and drop your closed trades from your MT4 terminal Account History onto your chart? Also, since you know the TMS 5-Method rules, why not you write the rules down and post here. let us have a look and confirm what your rules are. You should know that the TDI is the heart of this trading method. There are different trading styles when we use the TDI. I think for beginners to TMS, the Active trading style...
emmanuel7788 i am new to this thread... can u please post indicators and template of ur TMS-5 method along with rules?

thanks
  • #51,989
  • Feb 1, 2015 11:27am Feb 1, 2015 11:27am
Quoting griffinssoul
{quote} I can just guess what SK will say - "i didnt understand a single word" The point is knowing the big picture is good but as Phx62 (and many other traders have said) you can still steal pips on the LTFs - as you have shown us over and over again (when there is a trend in place there may well be a bias but in consolidations i doubt that would be true in general unless there is a break-out in progress)!!! Yes, on the W1 the current move down is part of the correction for a bigger move up etc (fractal nature of PA according to EWT per...

You're right.... "I didn't understand a single word". Actually, I understood some of it but, I've learned that if I look at more than two time frames, the mental gymnastics begin to get very confusing.
  • #51,990
  • Feb 1, 2015 11:48am Feb 1, 2015 11:48am
Quoting sknight1
{quote} You're right.... "I didn't understand a single word". Actually, I understood some of it but, I've learned that if I look at more than two time frames, the mental gymnastics begin to get very confusing.
Agree I'm having issues taking profits.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #51,991
  • Feb 1, 2015 12:00pm Feb 1, 2015 12:00pm
@emmanuel7788:
thanks for all your explanations here.
I have 2 questions which I have observed:

1. For a not a long time ago you have mentioned that you use a GMT+2 (Broker) ,now I have seen that you use a GMT 0-Broker.
What is the right setting now for this?

2.How many Charts (Currency-Pairs are you watching in every Timeframe?

Thanks for any info.
Regards Zack
  • #51,992
  • Feb 1, 2015 2:39pm Feb 1, 2015 2:39pm
Good morning from Melbourne,
First words of the week are to thank you all for contributing your time and knowledge to this thread, special thanks to LW, GS, Emm during the weekend for deepening my knowledge about PA.
Have a greener week to all of us
Appreciation is the key to wealth and happiness
  • #51,993
  • Feb 1, 2015 2:54pm Feb 1, 2015 2:54pm
Quoting likica
Good morning from Melbourne, First words of the week are to thank you all for contributing your time and knowledge to this thread, special thanks to LW, GS, Emm during the weekend for deepening my knowledge about PA. Have a greener week to all of us
Back for more cake.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #51,994
  • Edited 3:41pm Feb 1, 2015 2:58pm | Edited 3:41pm
Quoting alij79
{quote} emmanuel7788 i am new to this thread... can u please post indicators and template of ur TMS-5 method along with rules? thanks
Hi,

In post#50,241 you will find the package posted by snarlyjack.

Rules: you will need to read post#261 and post#647.... and work on your own rules to trade this simple method.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,995
  • Feb 1, 2015 3:02pm Feb 1, 2015 3:02pm
Quoting zackery
@emmanuel7788: thanks for all your explanations here. I have 2 questions which I have observed: 1. For a not a long time ago you have mentioned that you use a GMT+2 (Broker) ,now I have seen that you use a GMT 0-Broker. What is the right setting now for this? 2.How many Charts (Currency-Pairs are you watching in every Timeframe? Thanks for any info. Regards Zack

Hi Zackery,

Since beginning of this year, I moved to GMT+2 server time for all my chart analysis.

I have 12 to 15 currency pairs on my watchlist. I have all pairs open in H1 in one profile and switch all charts timeframes using script.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,996
  • Feb 1, 2015 3:05pm Feb 1, 2015 3:05pm
Quoting likica
Good morning from Melbourne, First words of the week are to thank you all for contributing your time and knowledge to this thread, special thanks to LW, GS, Emm during the weekend for deepening my knowledge about PA. Have a greener week to all of us
Greener week it is, that's after the 10 inches of Snow I'm expecting
Positive anything is better than negative thinking.- Elbert Hubbard
  • #51,997
  • Feb 1, 2015 3:09pm Feb 1, 2015 3:09pm
Quoting classy
big emm (great emmanuel)and other TMS lover what you think about eu aud i am looking area 68( big e's favorite area) TDI ,candle looking lucrative but caution is RBA news ..so please share your views ...pairs range is 250/300+ old set piece from BIg e (from my archieve) for 68 and 32 area and tdi angle recall golden past.. memory {image} {image} {image}
http://www.forexfactory.com/attachme...1&d=1422808026

Your EURAUD H4 chart above show a swing high in a bullish week. That H4 swing high price bar/candle is also the D swing high.
When you look at the D chart, I won't go short unless I see the D chart swing high price bar being taken out.

Trade H4 when both the W1 and D1 are in synergy.

Attached Image


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,998
  • Feb 1, 2015 3:19pm Feb 1, 2015 3:19pm
Quoting FXerha
{quote} Hi..agreed..PA is the king..may i know which broker u use because daily tf need to close at NY market close

Hi Fxerha,

I use FXCM charts with server time GMT+2 for all charting and analysis.
I also trade with other non-MT4 brokers with different server times and it is no problem.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51,999
  • Feb 1, 2015 3:22pm Feb 1, 2015 3:22pm
Quoting redcloudxlll
{quote} Greener week it is, that's after the 10 inches of Snow I'm expecting

Must be after the 10 inches of snow that we just got here in the Midwest US.

Heads up, it's coming at 'cha !!!
  • #52,000
  • Feb 1, 2015 3:26pm Feb 1, 2015 3:26pm
Quoting lucariga
{quote} Hi emmanuel, not the right thread to post, but thanks for your great work in teaching us. U r a great man. I love PASR type of trading and I was thinking, why don't open a thread based on that subject? I'm sure you would have lot of followers Here at FF we haven't a good thread based purely on PA since James16's one. Just an idea. Thanks
Quoting Jafrul
{quote} Hi lucariga, totally agree with you . . .

Hi,

TMS is trading with PA and supp/res (post#261). It is not naked price action trading without any indicators. Just keep things simple and use a few common PA price bars patterns which you can trade with the APB and the TDI.

There have been many requests that I start another thread but my answer is the same, I just don't have any time to do that.
If you have questions on PA and how it is used to trade with TMS, please post and ask here and that will benefit more people here.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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