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Trading Made Simple

  • #54,721
  • Mar 9, 2015 5:11am Mar 9, 2015 5:11am
Quoting emmanuel7788
GBPAUD H4 just closed with a BEEB Bearish Engulfing Bar ...the TDI angle is good but no cross seen yet. so according to TMS H4 trading rules, we are in the APB#1 candle, anyone disagree with this?
Hi emmanuel7788,
Do you counter trend GbpAud H4? I see that on H4, TDI - green line have already crossed red and yellow lines. H4 also close beside upper band.
So I think that GA will be up.
Attached Image (click to enlarge)
Click to Enlarge Name: GA-H4.PNG Size: 59 KB
  • #54,722
  • Mar 9, 2015 5:18am Mar 9, 2015 5:18am
its good to open GJ BUY at H4?
anyone has same call?
  • #54,723
  • Mar 9, 2015 6:17am Mar 9, 2015 6:17am
Quoting dinhienhy
{quote} Hi emmanuel7788, Do you counter trend GbpAud H4? I see that on H4, TDI - green line have already crossed red and yellow lines. H4 also close beside upper band. So I think that GA will be up. {image}
Hi Dinhienhy,

what is the market type for GBPAUD?
I see on the Weekly, it is trading in a wide range and we can trade both way in lower TF H4 and H1.
But this week, the weekly bias is sell but the risk is we face the weekly range low which is support. Last Friday' NFP drove price down to 1.9300, I suspect something.
Trading H4 buy is possible, but that is against the Weekly. using the PAC setup, you can attempt with a smaller initial SL. But if you use the last swing low as the initial SL, and use position sizing, it is still possible.
Now we see price bounce off today open on H1.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Weekly set the range.png Size: 41 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD D1 chart within W1 range.png Size: 62 KB


I am still waiting for a possible 4H swing trade this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,724
  • Mar 9, 2015 6:21am Mar 9, 2015 6:21am
Quoting brekz1
its good to open GJ BUY at H4? anyone has same call?

you already missed the PA setup and you are trading inside the range of the NFP candle.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY week 11 H4 setup 9 Mar.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,725
  • Mar 9, 2015 6:44am Mar 9, 2015 6:44am
Quoting emmanuel7788
{quote} you already missed the PA setup and you are trading inside the range of the NFP candle. {image}
you are right, i missed the PA, now wait for next opportunity
  • #54,726
  • Mar 9, 2015 7:44am Mar 9, 2015 7:44am
Holding for as long as I can...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 44 KB
  • #54,727
  • Mar 9, 2015 9:15am Mar 9, 2015 9:15am
Quoting emmanuel7788
{quote} Hi Dinhienhy, what is the market type for GBPAUD? I see on the Weekly, it is trading in a wide range and we can trade both way in lower TF H4 and H1. But this week, the weekly bias is sell but the risk is we face the weekly range low which is support. Last Friday' NFP drove price down to 1.9300, I suspect something. Trading H4 buy is possible, but that is against the Weekly. using the PAC setup, you can attempt with a smaller initial SL. But if you use the last swing low as the initial SL, and use position sizing, it is still possible. Now...
Thanks for your comment. I will continue observer GbpAud
  • #54,728
  • Mar 9, 2015 10:20am Mar 9, 2015 10:20am
EA_H1 trade, +24 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H1.jpg Size: 315 KB
I Have Learned to Take Some Losses to Make Profits
  • #54,729
  • Mar 9, 2015 10:23am Mar 9, 2015 10:23am
Quoting Phx62
{quote} I have never used the PAC in my trading before but because of the positive things some of the thread members have stated, I placed it on my charts to determine how it might fit into my trading plan. So far, I am finding most of my entries are more aggressive than the PAC entries might be but there are some questionable trades that I might not take, that might save me from a loss or a BE trade. I will continue to test it for a while. RE the Thursday trade: I seldom take a trade during the Frankfurt session because many times price will reverse...
Thanks Phx62, nice to hear about you how you view FO , and trade LO most of the times
I Have Learned to Take Some Losses to Make Profits
  • #54,730
  • Mar 9, 2015 12:08pm Mar 9, 2015 12:08pm
Quoting TheScorpS
EA_H1 trade, +24 pips {image}
Very well managed TSS, congrats !
  • #54,731
  • Mar 9, 2015 7:27pm Mar 9, 2015 7:27pm
Quoting TheScorpS
EA_H1 trade, +24 pips {image}
In my set up, it looks that you H1 entry is not valid, rather M15 TF is valid one...
What compels u to take that trade,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H1.png Size: 48 KB
Click to Enlarge Name: M15.png Size: 42 KB
  • #54,732
  • Mar 9, 2015 8:11pm Mar 9, 2015 8:11pm
Bearish flag seems to be there in EU 4H TF. Bearish trend continue. Any opinion?
Winners Never Quit, Quitters Never Win
  • #54,733
  • Mar 9, 2015 11:33pm Mar 9, 2015 11:33pm
Quoting TheScorpS
EA_H1 trade, +24 pips {image}
Hi TSS,

Congratulation, it could be an aggressive entry...

I earn 23 pip following the triple top & bounce of the TDI
Attached Image (click to enlarge)
Click to Enlarge Name: 3-10-2015 11-29-06 AM.png Size: 27 KB
  • #54,734
  • Mar 10, 2015 1:13am Mar 10, 2015 1:13am
Quoting joynal2u
{quote} In my set up, it looks that you H1 entry is not valid, rather M15 TF is valid one... What compels u to take that trade, {image} {image}
Joynal2u,

I know how TSS trade and would like to take an opportunity to explain a little however TSS can explain better than me. If you are new to TMS thread I would suggest take conservative entries only that are in favour of the overall trend.

Conservative entries means
1. Always enter on the candle close
2. Wait for the candle to close outside PAC
3. TDI signals Buy (Green above Red both above MBL and all three above 50 line), Sell (Green below Red both below MBL and all three below 50 line)
4. Trade with the higher TF trend
5. Stick to your entries and exits on one timeframe only, this will make your trading easy and you'll quickly learn how TDI and PA compliment each other on that TF

The H1 chart with annotations , TSS trade entry marked with Green vertical line

Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 TSS trade.png Size: 296 KB


Do you want to trade M30 for same trade, See chart below

Attached Image (click to enlarge)
Click to Enlarge Name: EA M30 TSS trade.png Size: 139 KB


Where would you base your conservative entry and exit on M30 chart ?

Or M15

Attached Image (click to enlarge)
Click to Enlarge Name: EA M15 TSS trade.png Size: 155 KB

Where would you base your conservative entry and exit on M15 chart ?

Kindest Regards
  • #54,735
  • Mar 10, 2015 1:33am Mar 10, 2015 1:33am
Quoting MrAussieFX
{quote} Joynal2u, I know how TSS trade and would like to take an opportunity to explain a little however TSS can explain better than me. If you are new to TMS thread I would suggest take conservative entries only that are in favour of the overall trend. Conservative entries means 1. Always enter on the candle close 2. Wait for the candle to close outside PAC 3. TDI signals Buy (Green above Red both above MBL and all three above 50 line), Sell (Green below Red both below MBL and all three below 50 line) 4. Trade with the higher TF trend 5. Stick...
Congrats on your new level Aussie
Sad i'm not trying to understand PA
  • #54,736
  • Mar 10, 2015 2:10am Mar 10, 2015 2:10am
Quoting omonisha
{quote} Congrats on your new level Aussie
Thanks omonisha, How u doing today ? Ready to fill your wheelbarrow ?

Kindest Regards
  • #54,737
  • Mar 10, 2015 2:17am Mar 10, 2015 2:17am
Quoting Pervis
{quote} Hi TSS, Congratulation, it could be an aggressive entry... I earn 23 pip following the triple top & bounce of the TDI {image}
WEll done Perivis, I went a little earlier and stayed tuned since PA has to test LO high and reverse, glad you took the right timings
I Have Learned to Take Some Losses to Make Profits
  • #54,738
  • Mar 10, 2015 2:23am Mar 10, 2015 2:23am
Quoting MrAussieFX
{quote} Joynal2u, I know how TSS trade and would like to take an opportunity to explain a little however TSS can explain better than me. If you are new to TMS thread I would suggest take conservative entries only that are in favour of the overall trend. Conservative entries means 1. Always enter on the candle close 2. Wait for the candle to close outside PAC 3. TDI signals Buy (Green above Red both above MBL and all three above 50 line), Sell (Green below Red both below MBL and all three below 50 line) 4. Trade with the higher TF trend 5. Stick...
Mr Aussie , congrats on the top level red mark to your name, with all the work you have been doing here and on your trading progress you deserve that and I am happy that you took the time to answer my entry
I Have Learned to Take Some Losses to Make Profits
  • #54,739
  • Mar 10, 2015 2:27am Mar 10, 2015 2:27am
Quoting joynal2u
{quote} In my set up, it looks that you H1 entry is not valid, rather M15 TF is valid one... What compels u to take that trade, {image} {image}
Actually I took it based on LO first hour hits double tops and pulled back, I was looking for a sell order and then price broke below LO candle H1 ,as well as if you draw a trend-line from below London pullback candle there's was a trend line and when price broke below that as well I took the trade

I still trade mostly price actions, I looked at H1 TDI and red tsl line was above green which confirmed to me a bearish trade
I Have Learned to Take Some Losses to Make Profits
  • #54,740
  • Mar 10, 2015 2:28am Mar 10, 2015 2:28am
Quoting MrAussieFX
{quote} Thanks omonisha, How u doing today ? Ready to fill your wheelbarrow ? Kindest Regards

Same like TS from me , congrats to your red flag !
You re doing a good job
Guido
Risiko birgt immer auch die Chance.
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