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Trading Made Simple

  • #54,281
  • Mar 2, 2015 8:37am Mar 2, 2015 8:37am
Quoting snarlyjack
{quote} Classy, The 4 hour chart is one of my favorite charts. It just takes awhile to get used to it...I do not pay attention to news. The U.S. non-farm payroll (once a month) I will not trade into. Other than that I do not listen to news at all. I believe that all news is reflected in the price bars from around the world. I do listen to CNBC Business T.V. just for something to listen to (just for grins). But I do not trade by any news. I trade what the price bars are telling me. I only "trust" the price bars... sj
yes you are right i agreed and i am also believe my chart nothing else ..i have system i have some filter ..i dont want to be too smart ..and dont want to fight and above all TMS and TDI is my confidence.....
Say something meaningful or Silence!!
  • #54,282
  • Mar 2, 2015 8:39am Mar 2, 2015 8:39am
Quoting MrAussieFX
{quote} Here you go Classy {file} Kindest regards
MAny many thanks God bless you.
Say something meaningful or Silence!!
  • #54,283
  • Mar 2, 2015 8:40am Mar 2, 2015 8:40am
The last higher highs in weekly turnus of the DAX , the second bad news in a row from China and some other global market driving news
got my attention.

I viewed the DAX in H1 and H4 to find a valid TMS entry .

The market base line is in H1 and H4 nicely overbought, so I can imagine to let it run longer !

Here is my DAX short entry with a small portion just to see how it goes.
I can imagine good to transfer it to H4 as first !
I show both charts , H1 and H4 .
my entry was H1 and I´m about 60 pips in profit right now .( enough to buy icecream with that cotract size )
Guido
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GER30H4.png 3.2..png Size: 35 KB
Click to Enlarge Name: GER30H1.png 2.3..png Size: 34 KB
Risiko birgt immer auch die Chance.
  • #54,284
  • Mar 2, 2015 8:42am Mar 2, 2015 8:42am
Quoting Given1988
{quote} the situation is change in 10 minutes
Hi Given1988, I belive that long movment was due 5 news to positive bias to US 1 hour ago, if you look at H4 and H1 chart, it looks like a Tunnel, and TDI just crossed, I acctually made a Short there:
I'm new here btw, hope other members can give a better answer of this situation
Attached Image (click to enlarge)
Click to Enlarge Name: Sem título.png Size: 71 KB
  • #54,285
  • Mar 2, 2015 9:05am Mar 2, 2015 9:05am
Quoting mokuro89
{quote} Hi Given1988, I belive that long movment was due 5 news to positive bias to US 1 hour ago, if you look at H4 and H1 chart, it looks like a Tunnel, and TDI just crossed, I acctually made a Short there: I'm new here btw, hope other members can give a better answer of this situation {image}


As you can see the UJ H4 is in a sideways with a range about 160 -170 pips .
But it always does , what Eelfranz predicted in his first posts :

He expected a " HA " candle change for 3to 8 bars.
In fact , it´s a possible entry when you stick to the original rules.
In my opinion your chart bit much toooooooooooooooooooooooooooooooooo cluttered ,
when I saw it the first time I thought more about a village people Discodiscodisco .
you have too much unnecessary informations in it , must be like fog on the highway.
Green pips to you
Guido
Risiko birgt immer auch die Chance.
  • #54,286
  • Mar 2, 2015 9:05am Mar 2, 2015 9:05am
I had a plan for GJ from Friday when market closed, LO retest triple tops and trend line , rejected and about to form PCRF , TDI flattened on H4 especially green, entered sell, TP hit after 3 hours for +50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_H1.jpg Size: 278 KB
I Have Learned to Take Some Losses to Make Profits
  • #54,287
  • Mar 2, 2015 9:08am Mar 2, 2015 9:08am
Quoting omonisha
EURAUD-H4 {image}
Nice one , thanks for continuous support , was good at LO but PA was having difficulty going up, EJ was a clean PA and chart at LO, but missed that as well
I Have Learned to Take Some Losses to Make Profits
  • #54,288
  • Mar 2, 2015 9:10am Mar 2, 2015 9:10am
Quoting Vladbold
{quote} Here are my 2 cents. I do see the bullish MN candle, but i do see the end of a correction on the daily chart. Correct me if i'm wrong. {image}
Was busy over the weekend and totally missed ur post, sorry for that, I have not long GU today but was good short couple hours after LO with triple tops on H1, good call from ur side
I Have Learned to Take Some Losses to Make Profits
  • #54,289
  • Mar 2, 2015 9:38am Mar 2, 2015 9:38am
Quoting TheScorpS
I had a plan for GJ from Friday when market closed, LO retest triple tops and trend line , rejected and about to form PCRF , TDI flattened on H4 especially green, entered sell, TP hit after 3 hours for +50 pips {image}
Nice job TSS!! Could you share your broker, would be nice to have 0,3spread on GJ!
MY SITTING, NEVER MY THINKING!
  • #54,290
  • Mar 2, 2015 9:42am Mar 2, 2015 9:42am
you guys not using Stochastics? mostly only TDI and HA?
  • #54,291
  • Mar 2, 2015 10:10am Mar 2, 2015 10:10am
Quoting Next4467
Quoting Ballistical
2015 Week 9 - Trade Summary: 4 trades in total: - 1 win - 0 BE - 3 Losses Excellent description of your trades and why you entered them (again). As i said before I look forward to your weekly summary. Looks like a bad week to trade the EURAUD but Im sure you will make it back and then some over the coming weeks. I haven't been able to place a trade for a while now, its frustrating but my project at work is coming to an end so I hope soon to be able to trade the London session as you do. Good luck next week I hope you make
...
Thanks Next, took another loss today! Hope things pick up this week...

Quoting emmanuel7788
{quote} Hi Ballistical, When trading the 4H swing and D1 position trading, the impact of market reaction to news is very minimal when we follow the long term trend. The big impact news is still the once a month NFP and that seldom reverses the long term trend. It is H1 trading with small stops that is mostly affected by the market' knee jerk reaction to the news. the most affected pair during NFP is USDJPY. I usually trade AUDUSD, AUDJPY and EURJPy during the Asian session from Sydney Open to Tokyo mid-session on H1 chart. This week a few of us...
Emmanuel, Many thanks for your detailed explanation and sharing your PDF file on your analysis.

Quoting TheScorpS
{quote} Sorry I was busy setting up my new PC that I couldn't catch witht the thread , here EA hits 50% Fibonacci and failed to close above, H4 candle also showed rejection , so I was ready with the plan at LO, and took the breakout o FO H1 candle {image}
TSS, thanks for getting back to me. I always struggle with Fib's so tend not to use them but that one was clear as day now you've shown it. Thanks again!
Focus on the process and the profits will follow
  • #54,292
  • Edited 10:35am Mar 2, 2015 10:23am | Edited 10:35am
EU, close my M15 scalp +9.2 (5 lots) entered on break of 1.1200 whole number, target was DO but got things to do....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDiM15 tms.png Size: 83 KB
Click to Enlarge Name: EURUSDiH1.png Size: 95 KB
Keep It Simple
  • #54,293
  • Mar 2, 2015 11:55am Mar 2, 2015 11:55am
Quoting TheScorpS
{quote} Was busy over the weekend and totally missed ur post, sorry for that, I have not long GU today but was good short couple hours after LO with triple tops on H1, good call from ur side
Thank you TSS!

I've actually read it as a daily short TMS trade, +55 pips atm and targeting the 1.52 area. A lot of red news this week which count benefit me or not, but i still believe in the US dollar to outperform the Euro and the Pound right now.

No TMS trades today since i missed the entry on AU so just keeping my 2 long term positions.
  • #54,294
  • Mar 2, 2015 1:17pm Mar 2, 2015 1:17pm
Quoting Given1988
- Divergence inverse - Exit PAC - TDI UP - H4 & D1 Up Good Entries? {image}

Hi Given,
You chart looks clean and is very good.
It is good to trade in the same direction with the D1 and H1 price action and the TDI condition as a higher TF filter and bias.
But I do not think divergence you see on your chart is correct.
In the book RSI:The Complete Guide by John Hayden, he wrote extensive on the use of Divergence and how that can be use effectively.
You may want to read that book.

RSI: The Complete Guide Post#27,110

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,295
  • Mar 2, 2015 1:20pm Mar 2, 2015 1:20pm
Quoting TheScorpS
I had a plan for GJ from Friday when market closed, LO retest triple tops and trend line , rejected and about to form PCRF , TDI flattened on H4 especially green, entered sell, TP hit after 3 hours for +50 pips {image}
http://www.forexfactory.com/attachme...1&d=1425308739

TSS,

Winning trade is good.
But you went in before the PCRF completed which confirmed that swing high.
A valid and safe TMS entry is the red candle after your entry blue candle.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,296
  • Mar 2, 2015 1:24pm Mar 2, 2015 1:24pm
Quoting omonisha
EURAUD-H4 {image}
http://www.forexfactory.com/attachme...1&d=1425296276
Omonisha,

Good trade.
Classic TMS trade setup, simple and effective when we have the patience to take such trade setups.

regard,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,297
  • Mar 2, 2015 1:30pm Mar 2, 2015 1:30pm
Quoting Ballistical
{quote}{quote} Thanks Next, took another loss today! Hope things pick up this week... {quote} Emmanuel, Many thanks for your detailed explanation and sharing your PDF file on your analysis. {quote} TSS, thanks for getting back to me. I always struggle with Fib's so tend not to use them but that one was clear as day now you've shown it. Thanks again!

Ballistical,

"... another loss today!"

I see that H4 was very clear since Tokyo open today, so H1 is buy only would be safe. Since opening today, the PA remain above last week' low and above last Friday' low.... so what happen?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,298
  • Mar 2, 2015 1:34pm Mar 2, 2015 1:34pm
Quoting mokuro89
you guys not using Stochastics? mostly only TDI and HA?

mokuro89,

You can use the Stochastics if your are new to TMS 5-Method. But with more trading experience, knowing to trade Price Action with Support and Resistance and the use of the TDI and the APB will be leading edge.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,299
  • Mar 2, 2015 1:48pm Mar 2, 2015 1:48pm
GBPUSD H4 setup candle example:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 setup example.png Size: 55 KB


you will also see other favourable conditions, but keeping rules to minimal and simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,300
  • Mar 2, 2015 1:57pm Mar 2, 2015 1:57pm
GBPJPY H4 week 10 2 Mar;

The D1 and W1 bias is buy. But H4 is in consolidation range so no H4 trades until we see a setup outside the raneg of that H4 Master candle.
we can still trade H1 and M15 within that range.

Simple rule for H4 traders.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY H4 master candle.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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