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Trading Made Simple

  • #55,041
  • Mar 18, 2015 11:06pm Mar 18, 2015 11:06pm
Quoting emmanuel7788
{quote} my view: MN is in range, look at Sep 2014 MN bar W1 is sell bias D1 is also sell bias... sell high ...and ... sell lower... do these make sense? Edit: D1 chart {image}
Hi Emman,

I didn't see the MN that is in range. I was only able to see the W instead. Now, it doesn't, it looks like I shall have a better chance to scalp in lower TF.
  • #55,042
  • Mar 19, 2015 12:06am Mar 19, 2015 12:06am
Quoting birdnest
{quote} Hi Emman, I didn't see the MN that is in range. I was only able to see the W instead. Now, it doesn't, it looks like I shall have a better chance to scalp in lower TF.

Just one simple rule,
after we see a H4 wide range bar and that later become the Mother Bar of a H4 Inside Bar, we do not trade H4 and can only trade H1 and lower TF like M15 to scalp.

below is an example how we can scalp M15 on GBPNZD after that FOMC day.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD M15 scalping.jpg Size: 365 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,043
  • Mar 19, 2015 12:35am Mar 19, 2015 12:35am
Emmanuel Hello again,
please describe your names like mother bar,


Do you have indi for h4 Low and H4 High bar


Dan
  • #55,044
  • Mar 19, 2015 1:07am Mar 19, 2015 1:07am
Quoting Trader MT4
Emmanuel Hello again, please describe your names like mother bar, Do you have indi for h4 Low and H4 High bar Dan

Hi Dan

For every Inside Bar, the bar before that is the Mother Bar or some call that the Mother Candle

More study / read up these posts.
Three powerful forex pattern pdf... Post#20,110
Hikkake: Post#16,419
Inside Bar : Post#42,301
Master Candle : Post#28,556 pdf in Post#25,594



The H4 Hi Lo lines indy is in post#54,715
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,045
  • Mar 19, 2015 1:53am Mar 19, 2015 1:53am
Quoting Phx62
Last post for the week.....last trade for the week......more than enough pips and no need to give any back. Going to take a few days off and go to our cabin in the mountains. Entered EU M15 following the FOMC news releases, once price determined a direction and the platform would accept the trade. Three full lots with TP set for one lot at 50 pips, TP set for lot two at 100 pips and & TP set for lot three at 200 pips with no trailing stop on CaveManager. Moved stops in 50 pip increments, BE after lot 1 TP hit (CaveManager), & manually by 50 pips...
Just Amazing, thats Arts of the Crafts , thanks
I Have Learned to Take Some Losses to Make Profits
  • #55,046
  • Mar 19, 2015 2:02am Mar 19, 2015 2:02am
Anyone else caught E/U news last night?

I caught 150 with a set and forget order. Bought at 1,0600 and went to play soccer, Returned at 1,0750
  • #55,047
  • Mar 19, 2015 2:14am Mar 19, 2015 2:14am
Quoting emmanuel7788
{quote} Just one simple rule, after we see a H4 wide range bar and that later become the Mother Bar of a H4 Inside Bar, we do not trade H4 and can only trade H1 and lower TF like M15 to scalp. below is an example how we can scalp M15 on GBPNZD after that FOMC day. {image}
Thanks for the explanation. I need to learn this better!
  • #55,048
  • Mar 19, 2015 3:45am Mar 19, 2015 3:45am
Quoting emmanuel7788
{quote} Hi Axiom, Both your entries were good considering that you use the PAC in your entry rule. The Weekly and Daily bias were also in favour of sellers. Looking at the Asian session range is a good approach and when the Asian range is narrow or small compare to its ADR, the potential for a breakout move is always there as our H1 intraday opportunity. Also, when we trade H1 intraday, we also keep our eyes on the 4H swing opportunity following the Weekly bias. We knew there were two consecutive bearish weeks following Feb Monthly rally and how...
Thank you for this advice.
I appreciate your (and the other regulars) time and effort in responding to questions and posting charts we can learn from.

Regards
Axiom
  • #55,049
  • Mar 19, 2015 3:55am Mar 19, 2015 3:55am
Can we expect a start of an uptrend? Is it a valid bull entry?

https://charts.mql5.com/7/310/gbpusd...ri-limited.png
  • #55,050
  • Mar 19, 2015 4:01am Mar 19, 2015 4:01am
Quoting Phx62
Last post for the week.....last trade for the week......more than enough pips and no need to give any back. Going to take a few days off and go to our cabin in the mountains. Entered EU M15 following the FOMC news releases, once price determined a direction and the platform would accept the trade. Three full lots with TP set for one lot at 50 pips, TP set for lot two at 100 pips and & TP set for lot three at 200 pips with no trailing stop on CaveManager. Moved stops in 50 pip increments, BE after lot 1 TP hit (CaveManager), & manually by 50 pips...
amazing! thx for sharing!
  • #55,051
  • Mar 19, 2015 7:05am Mar 19, 2015 7:05am
Quoting iCarumba
Can we expect a start of an uptrend? Is it a valid bull entry? {image}

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD FOMC Weekly range.jpg Size: 272 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,052
  • Mar 19, 2015 7:34am Mar 19, 2015 7:34am
EA _ H1 , barely hit TP and reversed +50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EA_H1.jpg Size: 359 KB
I Have Learned to Take Some Losses to Make Profits
  • #55,053
  • Mar 19, 2015 7:37am Mar 19, 2015 7:37am
Hello to all TMS traders Have been out for a long time and didn't trade for some time... Finally i have such a possibility, so decided to share my EUR/AUD today's trade.
Trade was taken on H1 - there was nice double bottom and pull-back candle (maybe someone can call it PCRF, even it's not classic PCRF) with a hidden divergence. M15 chart showed nice divergence also, which confirms double bottom on H1. After M15 candle closes higher EMA10 and next candle broked it, i did enter. Trade was counter-trend and EMA200 was as resistance on H1, so that was high-risk trade, but i decided to take it, also because GBP/AUD was moving up good and these pairs have very nie correlation. So here is H1 and M15 charts with this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 39 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 35 KB
  • #55,054
  • Mar 19, 2015 7:38am Mar 19, 2015 7:38am
Quoting Phx62
Last post for the week.....last trade for the week......more than enough pips and no need to give any back. Going to take a few days off and go to our cabin in the mountains. Entered EU M15 following the FOMC news releases, once price determined a direction and the platform would accept the trade. Three full lots with TP set for one lot at 50 pips, TP set for lot two at 100 pips and & TP set for lot three at 200 pips with no trailing stop on CaveManager. Moved stops in 50 pip increments, BE after lot 1 TP hit (CaveManager), & manually by 50 pips...
Very nice phx62, you are still working the markets like a pro.
From your chart i see you taking the very same trades you did since 3years now, am i right?

TMS traders should learn to see the same thing that happens all the time.
Its right there infront of us.
Green pips to everyone
X-man the legendary conqueror of markets
  • #55,055
  • Mar 19, 2015 7:41am Mar 19, 2015 7:41am
Quoting iCarumba
Can we expect a start of an uptrend? Is it a valid bull entry? {image}
never be in a rush to look for a reversal in a trend.
Allow the market to show you its hand then you play .
If you show your hand to the market first then it kills you.
X-man the legendary conqueror of markets
  • #55,056
  • Mar 19, 2015 7:58am Mar 19, 2015 7:58am
Hi,TMS traders ,I want to ask you a question .when you trade the TMS rules ,did you just trade one pair or more pairs to look for the sets?
I always watched the three or four pairs.so always missed the best setups of one pairs .
If i just trade one pair ,could you recommond me a pair to trade .i fould the EURUSD is difficult to trade.
Thanks all of you.
  • #55,057
  • Mar 19, 2015 8:00am Mar 19, 2015 8:00am
I said the EURUSD is difficult ,maybe because the choppy markets these days.something like that.
  • #55,058
  • Mar 19, 2015 8:30am Mar 19, 2015 8:30am
Quoting bigcakex
Hi,TMS traders ,I want to ask you a question .when you trade the TMS rules ,did you just trade one pair or more pairs to look for the sets? I always watched the three or four pairs.so always missed the best setups of one pairs . If i just trade one pair ,could you recommond me a pair to trade .i fould the EURUSD is difficult to trade. Thanks all of you.
well i started off just by trading the EU. that was the only pair i used.
maybe you can use EU , GU and AU if you find it difficult tading only one pair.
with these pairs the spreads are small.
before trying to get all the trades and opportunities you need to learn how it works and need to master it.
But if you try to trade alot of pairs before you can master TMS then you will be confused and wont be learning.
X-man the legendary conqueror of markets
  • #55,059
  • Mar 19, 2015 8:48am Mar 19, 2015 8:48am
Quoting X-Man
{quote} well i started off just by trading the EU. that was the only pair i used. maybe you can use EU , GU and AU if you find it difficult tading only one pair. with these pairs the spreads are small. before trying to get all the trades and opportunities you need to learn how it works and need to master it. But if you try to trade alot of pairs before you can master TMS then you will be confused and wont be learning.
How long it takes you to only trade EU?One year or much longer?
  • #55,060
  • Mar 19, 2015 9:56am Mar 19, 2015 9:56am
Quoting TheScorpS
EA _ H1 , barely hit TP and reversed +50 pips {image}
Great trade TSS!

Started working with channels ?
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