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Trading Made Simple

  • #52,321
  • Feb 3, 2015 1:27pm Feb 3, 2015 1:27pm
Quoting snarlyjack
{quote} Emmanuel, Congrat's on your trading! Also, thanks for the post #'s 647 & 701. It was good to go back & read them. sj

Thanks SJ.

I think every new trader to TMS should really spend time and read Eric's 463 posts in this thread and also his 861 posts in the Craig Harris Stochastics Method.
I read them over and over again, and each time I re-read those posts I pick out some things which I missed seeing them on my charts before.

Got to run out now for a morning walk and brekkie. Back in few hours.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #52,322
  • Feb 3, 2015 1:27pm Feb 3, 2015 1:27pm
Quoting cigarguy
GU, M5 counter trend short scalp +6.4 (5 lots) thanks emmanuel7788 for the heads up because wasn't watching this one {image}
Cigarguy,

Would you mind sharing this template? I like the layout.

Thank you,

knowlti
Knowlti
  • #52,323
  • Feb 3, 2015 1:29pm Feb 3, 2015 1:29pm
Emmanuel,

Question. You trade all the different time frames.
Which time frame do you like the best?
Which time frame do you find it easiest to profit from?
The reason I ask is I'm thinking of getting up really
early (my time) & trading the 30 minute tf.
I just wanted to get your thoughts on this idea!
Thanks.
sj
  • #52,324
  • Feb 3, 2015 1:31pm Feb 3, 2015 1:31pm
Quoting emmanuel7788
{quote} Always pay attention when there are too many recent swing highs and lows... post#647. post#701 is worth a re-visit. {image}
Best regards, Zef
  • #52,325
  • Feb 3, 2015 1:34pm Feb 3, 2015 1:34pm
Quoting knowlti
{quote} Cigarguy, Would you mind sharing this template? I like the layout. Thank you, knowlti
knowlti,

Sorry but I can't post it here cause it is comprised of indicators that I have picked up from different threads through the years and made it my own........ The indicators and templates offered here are great for the TMS system. I just use a few a little different as a scalper.
Keep It Simple
  • #52,326
  • Feb 3, 2015 1:39pm Feb 3, 2015 1:39pm
Quoting cigarguy
{quote} knowlti, Sorry but I can't post it here cause it is comprised of indicators that I have picked up from different threads through the years and made it my own........ The indicators and templates offered here are great for the TMS system. I just use a few a little different as a scalper.
Cigarguy,

Thanks anyway. Thought I would ask!

Knowlti
Knowlti
  • #52,327
  • Feb 3, 2015 1:54pm Feb 3, 2015 1:54pm
Nice engulfing candle forming on AUD/CAD 4H.
Seems TDI will confirm.

Thoughts?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
Had to be me. Someone else might have gotten it wrong.
  • #52,328
  • Feb 3, 2015 2:39pm Feb 3, 2015 2:39pm
Quoting cigarguy
{quote} emmanuel7788, Thanks, yes the fast lane is for me and the M5 was getting a little slow (talk about fast, have traded ticks some time back) ......so dropped down to M1 GU long scalp +5.4 (2 lots) gotta love those levels...... {image}
you must have shook your head a bit after that first red candle.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #52,329
  • Feb 3, 2015 2:44pm Feb 3, 2015 2:44pm
Quoting mordin
Nice engulfing candle forming on AUD/CAD 4H. Seems TDI will confirm. Thoughts? {image}
I would not enter when the daily is still bearish.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audcad-d1-hf-markets-europe.png Size: 33 KB
Click to Enlarge Name: audcad-h4-hf-markets-europe.png Size: 32 KB
MY SITTING, NEVER MY THINKING!
  • #52,330
  • Feb 3, 2015 2:57pm Feb 3, 2015 2:57pm
What are peoples thoughts on the AUDUSD. The 4hr showing a really nice cross (but below 50 line), the 1hr looks like has room to keep on going and the daily looks like it could cross to the upside. My initial instinct is to look for a short on 4hr if price gets rejected by the guppies but potential long if price breaks through (could keep going to 0.80300 on the daily chart).
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.PNG Size: 63 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #52,331
  • Feb 3, 2015 3:01pm Feb 3, 2015 3:01pm
Quoting merrygold
{quote} I would not enter when the daily is still bearish. {image} {image}
Why not? You can never know when trend will change, so you can get in with nice SL and RR.
  • #52,332
  • Feb 3, 2015 3:09pm Feb 3, 2015 3:09pm
Quoting nods80
{quote} you must have shook your head a bit after that first red candle.
nods80,

No not a bit........a lot ( 5 lots)....
Keep It Simple
  • #52,333
  • Feb 3, 2015 3:11pm Feb 3, 2015 3:11pm
Quick 90+ pip from aud/jpy
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-h4-hf-markets-europe.png Size: 35 KB
MY SITTING, NEVER MY THINKING!
  • #52,334
  • Feb 3, 2015 3:21pm Feb 3, 2015 3:21pm
Quoting nods80
What are peoples thoughts on the AUDUSD. The 4hr showing a really nice cross (but below 50 line), the 1hr looks like has room to keep on going and the daily looks like it could cross to the upside. My initial instinct is to look for a short on 4hr if price gets rejected by the guppies but potential long if price breaks through (could keep going to 0.80300 on the daily chart). {image}
It could be nice to see a tdi cross at the trendline, if that would happen the price will also be kissing guppy, and touching the upper bearish trendline :-)
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4-hf-markets-europe.png Size: 34 KB
MY SITTING, NEVER MY THINKING!
  • #52,335
  • Feb 3, 2015 3:25pm Feb 3, 2015 3:25pm
Quoting nods80
What are peoples thoughts on the AUDUSD. The 4hr showing a really nice cross (but below 50 line), the 1hr looks like has room to keep on going and the daily looks like it could cross to the upside. My initial instinct is to look for a short on 4hr if price gets rejected by the guppies but potential long if price breaks through (could keep going to 0.80300 on the daily chart). {image}
I'll go short on the next 4h if it closes below pac. on a h1 chart this looks like a news reaction day where it just closes at the same level at which the news candle started to go bearish. daily is still bearish.
Attached Image (click to enlarge)
Click to Enlarge Name: au1h.png Size: 40 KB
Best regards, Zef
  • #52,336
  • Feb 3, 2015 3:34pm Feb 3, 2015 3:34pm
Done for today, just a small loss of -30 pips.
I see too few opportunities on 4H and 1D. Might have to try better, but either I'm late or I don't see clear PA or clear TDI. I'll keep trying, but can't practice too much if I don't see opportunities lol, and reading old charts I think it is not the same.

Any suggestions? Perhaps I'm thinking in trading too much, but I just see all the people making 100+ pips a day, and I'm jealous lol, but can't do that on 4H
Had to be me. Someone else might have gotten it wrong.
  • #52,337
  • Feb 3, 2015 3:35pm Feb 3, 2015 3:35pm
I missed this trade. but when i look at it, the setup was pretty good. Former candle touching the top of the 4hour channel, then the current candle comes with a big body + a great tdi cross. sl would have been 20 pip outside the upper channel, and tp would have been ema45 (the middle guppy) - But we will just find another setup soon again :-)
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd-h4-hf-markets-europe.png Size: 30 KB
MY SITTING, NEVER MY THINKING!
  • #52,338
  • Feb 3, 2015 3:38pm Feb 3, 2015 3:38pm
Quoting mordin
Done for today, just a small loss of -30 pips. I see too few opportunities on 4H and 1D. Might have to try better, but either I'm late or I don't see clear PA or clear TDI. I'll keep trying, but can't practice too much if I don't see opportunities lol, and reading old charts I think it is not the same. Any suggestions? Perhaps I'm thinking in trading too much, but I just see all the people making 100+ pips a day, and I'm jealous lol, but can't do that on 4H
I think on 4H and above you can see best opportunities. Better to shoot less, but with better aim. Good luck
  • #52,339
  • Feb 3, 2015 3:46pm Feb 3, 2015 3:46pm
Quoting mordin
Done for today, just a small loss of -30 pips. I see too few opportunities on 4H and 1D. Might have to try better, but either I'm late or I don't see clear PA or clear TDI. I'll keep trying, but can't practice too much if I don't see opportunities lol, and reading old charts I think it is not the same. Any suggestions? Perhaps I'm thinking in trading too much, but I just see all the people making 100+ pips a day, and I'm jealous lol, but can't do that on 4H
Hi Mordin,

I know how you feel. Maybe im not the right person to quote your post The process of learning is same no matter what you do. Try, try, try, try, try, every time you fall, find out the reason why you did it, every time you sucess find out why you did it. We all started somewhere, is started scalping years ago and did quite well, now i am trying to get a grip of trading the tms, i like the simplicity of the system and the superb mindset among members of this thread.
If you want to practice the 4hour chart, set your alarm for every 4 hour, check the charts for setup, and once the daily candle is comming, check it, to be sure you are trading in the same direction.
MY SITTING, NEVER MY THINKING!
  • #52,340
  • Feb 3, 2015 3:58pm Feb 3, 2015 3:58pm
Quoting TheScorpS
{quote} Nice trade Phx62, was waiting to trade the Asian Session, but didnt follow along after news release, now am on the same boat as you likica, on my M15 chart, the candle previous to Phx62 entry was blue instead or red , here have a look {image}
TSS, likica,
FYI, I would have still entered the trade at the same point if that setup candle had been blue. With big news, I usually wait one or two 15 candles to determine direction and then enter in that direction. Sometimes it is difficult to get entered and you have to try several times but it usually works out well for lots of pips, once you know the direction it's going to take.
Both of you are doing a great job. Keep up the good work.
Phx62
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