Trading Made Simple

Quoting yenvila

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Um does anyone have tips on making a good entry? Do we go to M15 to find a nice entry if we see a signal on H1/H4? Wonder how Big E can just have a 5-10 pip stop loss...truly amazing . I always start my entries with initial drawdown lol

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Quoting emmanuel7788

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{quote} Yenvila, If you consider this a tip,... use the multi-timeframe MTF approach, tested and proven over and over again. Weekly is your Trend chart timeframe Daily is your Setup chart timeframe (some call it the Signal chart) H4/H1 is your Timing chart, where you use to time your trade entry. {image} Of course you can 'right-size' your preferred timeframes, Daily is the Trend chart H4 is the Setup chart H1/M15 is your Timing chart. Hope this helps. regards,

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Quoting birdnest

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{quote} I was trying to understand the strategy of the trend continuation. Take for this chart below, although the previous D candle show a strong bearish trend (as it is below the PAC), but it seems that today we are caught in a consolidation, do we have to wait for both the TDI to be below the yellow MBL line? Or is D chart showing a pullback? {image}

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Quoting emmanuel7788

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{quote} Hi birdnest, Today and tomorrow are the last 2 trading days of February month. we are trading in the shadow of the Monthly candle. So the better thing to do is trade intraday on H1, you can trade both ways. I will explain during this Sunday's planning session for next month's trading. Look at Monthly chart and Weekly chart, it is complex for EURAUD now, but I see good opportunities in the coming months. BTW, your name reminds me that I must come to Beijing and see the birdnest stadium. I had that in mind for my holiday plans, but did not...

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Quoting roterio

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Hi everybody I have a question. Can I load templates for Trading Made Simple on metatrader on IPAD? I have a MT4 account on IPAD but dont know how to load it. Thank you.

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Quoting roterio

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Hi everybody I have a question. Can I load templates for Trading Made Simple on metatrader on IPAD? I have a MT4 account on IPAD but dont know how to load it. Thank you.

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Quoting Saionbus

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{quote} I tried on iphone but fail. maybe so does ipad. if get that, pls share

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Quoting emmanuel7788

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{quote} Yenvila, If you consider this a tip,... use the multi-timeframe MTF approach, tested and proven over and over again. Weekly is your Trend chart timeframe Daily is your Setup chart timeframe (some call it the Signal chart) H4/H1 is your Timing chart, where you use to time your trade entry. {image} Of course you can 'right-size' your preferred timeframes, Daily is the Trend chart H4 is the Setup chart H1/M15 is your Timing chart. Hope this helps. regards,

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Quoting emmanuel7788

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EURAUD H4 trade setup and timing entry on H1. This is counter trend to the previous Day bearish move, but it is month end and we have buying and selling actions as traders exit/closing their positions. On the H4 chart below, I saw a setup when Sydney open today. There was a divergence seen between the price action and the TDI, and the PA is quite common when price bounce from round numbers. Enrty was during that H4 candle before its closed. {image} In the H1 chart below, you see the entry on H1. I moved my SL to trail 5pips behind each H1 candle...

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Quoting emmanuel7788

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{quote} Hi Hayden, I like your name. It reminds me of John Hayden, he authored the book "RSI:The Complete Guide". About CONSOLIDATION and RANGE, I look at the real price bar high-low. The same if we use the Japanese candlesticks study. The combine use of the real price and the Average Price Bar APB or the HeikenAshi HA candles is what make TMS 5-Method such a simple trading method. The APb body warns us of possible phase chaneg in the price and the real price bar actually tell us the high probability direction. Look at the GBPJPY D1 chart below...

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Quoting Pervis

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{quote} Appreciated!!! You are trying to help other people with enthusiasm

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Quoting emmanuel7788

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AUDUSD and AUDJPY H1 26 Feb. I wait for a H1 buy setup .... post your chart if you see the same.

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Quoting haydo147

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{quote} Hi emmanuel, I'm watching the same setup, waiting for it to cross. where would a good target be? unless i've done the top down approach wrong (which i probably have), the next resistance on my chart is 200 pips away. {image} -hayden

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Quoting emmanuel7788

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{quote} Hi Hayden, I see today' intraday resistance would be today Day Open, yesterday' High and that BRN0.7900. caution when buying into the resistance and we must have enough room to scale-out and BE our trades. Looking at the rally from 24 Feb low, there are still some stops to be cleared before real buyers rush in. Buyers will tighten their stops now as we approach FO and LO, and Tokyo traders will exit. So price will be 'smallish' and choppy. I don't see any A+++ TMS H1 setup. {image}

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Quoting haydo147

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{quote} Sorry to sound stupid but what do you mean by looking at the rally from feb 24th and that stops still need to be cleared? When i look at the feb 24 low i see a strong rally upwards but how do we determine that there are still stops to be cleared?

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