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Trading Made Simple

  • #53,661
  • Feb 18, 2015 5:35pm Feb 18, 2015 5:35pm
Quoting emmanuel7788
{quote} {image} Here is an update on Kiwi. Yesterday was a good D breakout of the previous D Inside Bar and also the Outside Bar. Potential TP region is Dec Low and the most recent price swing low close. Still possible to get an intraday H1 setup entry today. regards, {image}
http://www.forexfactory.com/attachme...1&d=1424151019

Here is a quick update on Kiwi:
We see a reaction / price pulled back near the 50EMA. But the APB still blue and long upper wick, the TDI still show momentum.
Trade management wise, I will look at how today' price bar and APB Day candle will close.

Good Trading to all you TMS folks.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD week 08 D1 chart 19 Feb.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,662
  • Feb 18, 2015 5:43pm Feb 18, 2015 5:43pm
Hi everybody,

This is my first post in this thread but ive been reading for quite a while and am quite comfortable with this system, to an extent.

You see the issue i am having is my entriea, and i guess trend identification if you will, generally my rule of thumb is if p.a is under the 200 ema im only looking for shorts, and if its over i only look for longs. Now thats all great and easy to understand but what happens when p.a makes a different move but still over the 200 ema if u understand me.

I understand higher lows and lower highs well aswell as abcd and three drives but my question to you is;

Lets say p.a is sitting above the 200 ema and has been for 2 days, now price made a solid move up with 2 higher lows so clearly it is a uptrend, but then weve now made a lower high but we are still sitting above the 200 ema, whenever i take a position like this i end up buying into a down trend thats heading back to the m.average.

How do i deal with this? Do i scrap the whole only long if above and short if below idea and stick the lower highs or higher lows? Pattern recognition?

Apologies if you cannot picture what im saying, i would post a chart example althou b h im on my phone at work
  • #53,663
  • Feb 18, 2015 5:47pm Feb 18, 2015 5:47pm
Quoting emmanuel7788
AUDJPY D chart 18 Feb. {image} A new day just open as NY hands over to Sydney. The previous Day candle close bullish and show sign of breaking out of the range after several days. A good way to enter the market is to wait for a retracement in lower timeframe like H1 and perhaps get an valid TMS H1 intraday setup for market entry. Note that the Asian markets in China are closed today ... to celebrate the spring festival. If BoC wants to do anything, it can be this week. Good trading.
http://www.forexfactory.com/attachme...1&d=1424211360

AUDJPY update 19 Feb:

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 08 D chart 19 Feb.png Size: 58 KB


We had a bearish day yesterday and there was no setup for buy on H1 and H4. In fact, H4 showed a valid sell setup with PA and TDI.
Today we shall see if we get a bullish setup for a buy to join in the market. An consolidation see with the Day Insdie Bar bar is an opportunity.

Today China and several Asian markets are closed. People are celebrating the Spring festival and Lunar New Year.

I wish everyone a Happy, Healthy and Prosperous Lunar New Year.

With best wishes,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,664
  • Feb 18, 2015 5:50pm Feb 18, 2015 5:50pm
SJ and Fame of me, thanks for the feedback!

Pushed me right on the facts, it's a shame that I don't trade according to plan.. Besides, I do know what you mean and see, but at the moment in time before I take the trade I seem to lose all basic knowledge or something... Can't get my mojo on yet, will keep on learning learning learning..
  • #53,665
  • Feb 18, 2015 5:59pm Feb 18, 2015 5:59pm
Quoting Lookleft
{quote} If you check post #52471, SJ posted most of his indis (he does throw the odd extra one onto his charts when nobody is looking ) Hope this helps cheers
Quoting snarlyjack
{quote} Joynal, I shorted the 9:07 candle, last night Asia session. Here is a picture of the 1 hour & 4 hour charts. See post # 50,241 for indicators. sj
Thanks a lot @ Lookleft and S/J
  • #53,666
  • Feb 18, 2015 6:08pm Feb 18, 2015 6:08pm
Quoting snarlyjack
{quote} Joynal, I shorted the 9:07 candle, last night Asia session. Here is a picture of the 1 hour & 4 hour charts. See post # 50,241 for indicators. sj {image} {image}
So entry was on EU H1 , am I right.? You were watching H4 for MTF confirmation...

For Synergy_pro do u use same Entry/Exit rules as described at CompassFx by Dean...

I appreciate your contribution to this thread.
  • #53,667
  • Feb 18, 2015 6:33pm Feb 18, 2015 6:33pm
Quoting haydo147
Hi everybody, This is my first post in this thread but ive been reading for quite a while and am quite comfortable with this system, to an extent. You see the issue i am having is my entriea, and i guess trend identification if you will, generally my rule of thumb is if p.a is under the 200 ema im only looking for shorts, and if its over i only look for longs. Now thats all great and easy to understand but what happens when p.a makes a different move but still over the 200 ema if u understand me. I understand higher lows and lower highs well aswell...
Hello Haydo,

As far as the 200 ema. Their are exceptions to everything (we live in the gray).
Normally you are correct...however, price will go up (up/down) to the 200 ema in a counter
trend trade. If price is far away from the 200 ema chances are it will move towards
the 200 ema. If price is trapped (between & close) to the 200 ema & guppy's be careful,
in that area.

I hope this answered your question.
sj
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 60 KB
  • #53,668
  • Feb 18, 2015 6:37pm Feb 18, 2015 6:37pm
Quoting joynal2u
{quote} So entry was on EU H1 , am I right.? You were watching H4 for MTF confirmation... For Synergy_pro do u use same Entry/Exit rules as described at CompassFx by Dean... I appreciate your contribution to this thread.
Joynal,

I follow Dean Malone's teachings pretty close.
Both the 1 hour candle & 4 hour candle formed at the
same time (9:00) so I will look at the daily, 4 hour &
1 hour charts before I place a trade.
sj
  • #53,669
  • Feb 18, 2015 7:22pm Feb 18, 2015 7:22pm
Just took my first profit with this system. 70 pips from my GU trade yesterday. I closed it because I dont like the inverted hammer candle there. I should've out when I was on the top of that candle, but who knows.

https://charts.mql5.com/7/50/gbpusd-...-division7.png
  • #53,670
  • Feb 18, 2015 7:28pm Feb 18, 2015 7:28pm
Quoting eelfranz
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. HA Candles are important because it makes your trading way less stressful... use them. Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually...
In Eric's post above, he mentioned look for consolidation , ....PA and supp/Res.

So what I did was I spent time to study Price Action and Support & Resistance, and to make things simple, I learn to use price bar patterns to identify market consolidation. I also learn and use a consistent method how to identify support and resistance levels. As i spent more time practising on live charts and learning new things everyday, I learn to identify the various market conditions which I grouped them into three categories which I call them the Market Types.
The Trending market type is the most suitable for a trend trading strategy like TMS 5-Method. The other two market types - Sideways Wide range and the Sideways Narrow range. The Sideways Wide range market type can be either bullish or bearish and this market type can be traded with TMS. But the narrow range sideways market type is what most traders will face problems in trading.

For more reading and material on Price Action at Support& Resistance aka PASR, read the following posts and the attached pdfs.
Post#23,079 Post#26,831

To learn some how to trade Price Action at Support& Resistance, here in FF is a professional trader name Strat. Over the past years, I learn many things from his thread and these has helped me become a better TMS trader and with consistent results.

Strat's thread link here: http://www.forexfactory.com/showthread.php?t=155459

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,671
  • Feb 18, 2015 7:29pm Feb 18, 2015 7:29pm
Plus the TDI is also starting to hook up.

SJ, is it ok to have another PA chart to determines when to close, instead of just reading TDI. Having another reason to stay or close is more comfortable for me.

https://charts.mql5.com/7/50/gbpusd-...ivision7-2.png
  • #53,672
  • Feb 18, 2015 7:35pm Feb 18, 2015 7:35pm
Quoting emmanuel7788
{quote} In Eric's post above, he mentioned look for consolidation , ....PA and supp/Res. So what I did was I spent time to study Price Action and Support & Resistance, and to make things simple, I learn to use price bar patterns to identify market consolidation. I also learn and use a consistent method how to identify support and resistance levels. As i spent more time practising on live charts and learning new things everyday, I learn to identify the various market conditions which I grouped them into three categories which I call them the Market...
Thanks for that insight Emma, but in the same post Eric said also:

Quoting eelfranz
... HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain ! Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...
Just my 2ct
  • #53,673
  • Feb 18, 2015 8:00pm Feb 18, 2015 8:00pm
Quoting snarlyjack
{quote} Hello Haydo, As far as the 200 ema. Their are exceptions to everything (we live in the gray). Normally you are correct...however, price will go up (up/down) to the 200 ema in a counter trend trade. If price is far away from the 200 ema chances are it will move towards the 200 ema. If price is trapped (between & close) to the 200 ema & guppy's be careful, in that area. I hope this answered your question. sj {image}
Hi sj,Cheers for the quick response.Im a little confused what you mean by guppys and "between and close." (Do u mean when p.a is close to touching the ema, or ranging through it?)So when faced with a situation like i described what is the best course of action? Buy into the moving trend? Trust the lower high and count on a reversal to the ma? Stay out until we see price return closer to the ma? (Which on the 4h charts could be a week)Just another question, is looking at the higher tf candles colour (daily,weekly,monthly) a good way to guage whether a trend will continue?Apologies if i seem so persistent just very eager to learn
  • #53,674
  • Feb 18, 2015 8:07pm Feb 18, 2015 8:07pm
Quoting Fame of me
{quote} Thanks for that insight Emma, but in the same post Eric said also: {quote} Just my 2ct
FoM , you are right he said that in that post and also many other posts.

Quoting eelfranz
... HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...
In that same para, he told me to use my brain and I did just that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,675
  • Feb 18, 2015 8:37pm Feb 18, 2015 8:37pm
Quoting emmanuel7788
{quote} FoM , you are right he said that in that post and also many other posts. {quote} In that same para, he told me to use my brain and I did just that.
I dont think that he told you that, you weren't even around here while he that posted.
Anyway, for me you complicate a lot, like other peoples here in that thread, but that's just my personal mine.

When everybody would read the post from Eric well, then they and you would also remember on this:

Quoting eelfranz
OK Chillin' lets not throw water baloons or continue mud wrestling...
I presented this method in it's simplicity.... knowing many could benefit.
It requires no more than I have outlined earlier and that is how I'll continue to trade it.
I know there is no way to stop others from adding other indicators. It's human nature.
I would appreciate it if you did not post those indicators on this thread. Please start your own thread if necessary. It's a lot of work. We have a fabulous group of traders...
What about respect? Respect the part with Indicators?

Guppys, Retracement finder, and and and and

Have a great Trading Day.
  • #53,676
  • Feb 18, 2015 9:03pm Feb 18, 2015 9:03pm
Quoting Fame of me
{quote} I dont think that he told you that, you weren't even around here while he that posted. Anyway, for me you complicate a lot, like other peoples here in that thread, but that's just my personal mine. When everybody would read the post from Eric well, then they and you would also remember on this: {quote} What about respect? Respect the part with Indicators? Guppys, Retracement finder, and and and and Have a great Trading Day.
FoM,

Ok, let me re-phrase what I wrote:
...he taught me to use my brain..." in that para when he mention PA and supp/Res, if that make you understand my poor written English. When I read eric posts again and again, I just feel he is talking to me.

Please be absolute correct when you write reply to my post.
I do not use Guppy, Retracement Finder, ... and never posted any chart that I trade with these.

Good Bye.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,677
  • Edited 9:17pm Feb 18, 2015 9:07pm | Edited 9:17pm
Quoting emmanuel7788
{quote} FoM, Ok, let me re-phrase what I wrote: ...he taught me to use my brain..." in that para when he mention PA and supp/Res, if that make you understand my poor written English. When I read eric posts again and again, I just feel he is talking to me. Please be absolute correct when you write reply to my post. I do not use Guppy, Retracement Finder, ... and never posted any chart that I trade with these. Good Bye.
Let me re-phrase what I wrote:

what about respect? Respect the part with Indicators?
Cave Manager, 50EMA Master Candles, Inside bars, Outside bars, 20 EMA, and and and and

You don't get to "good bye" anyone.

This is not your thread and I have as much right to post here as anyone else. right?
  • #53,678
  • Feb 18, 2015 9:14pm Feb 18, 2015 9:14pm
EU +40pips:
Attached Image
patience is a virtue
  • #53,679
  • Feb 18, 2015 9:24pm Feb 18, 2015 9:24pm
is it me or does fame of me seem rude to everyone? Please everyone no drama, we're here to trade and learn. Let's keep the rude comments private.
  • #53,680
  • Feb 18, 2015 9:36pm Feb 18, 2015 9:36pm
Quoting Agk007
is it me or does fame of me seem rude to everyone? Please everyone no drama, we're here to trade and learn. Let's keep the rude comments private.
Ohh I am not rude, I just say how it is, and lot of peoples have problems with that.

And also here is no drama, is it wrong to hold the thread clean, like the thread owner pleased?

But I see where you come from, that's funny, say hello to your buddy
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