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Trading Made Simple

  • #55,061
  • Mar 19, 2015 10:01am Mar 19, 2015 10:01am
Another one on LO set the high of the day
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_H1.jpg Size: 330 KB
I Have Learned to Take Some Losses to Make Profits
  • #55,062
  • Mar 19, 2015 10:02am Mar 19, 2015 10:02am
Quoting Vladbold
{quote} Great trade TSS! Started working with channels ?
Yes channel is my favorite tool to use
I Have Learned to Take Some Losses to Make Profits
  • #55,063
  • Mar 19, 2015 10:21am Mar 19, 2015 10:21am
can someone help me ...im trying to install the indicator into my mt 4 were can i find them and how do i bring them to my platform im new and trying to learn as i go tks
  • #55,064
  • Mar 19, 2015 10:22am Mar 19, 2015 10:22am
hello，do you see the message i sent it to you right now?
  • #55,065
  • Mar 19, 2015 10:23am Mar 19, 2015 10:23am
Quoting emmanuel7788
{quote} very disciplined trader. Good thing that many of us closed our EU and GU sell positions on 12 Mar. Some of us in a trading workshop laughed saying we should avoid Friday 13... turned out to be coincidence. It wasn't Friday 13 that we were thinking, it was something else.
Hello，emmanuel7788,do you see the message i sent it to you right now?
  • #55,066
  • Mar 19, 2015 5:12pm Mar 19, 2015 5:12pm
My EJ trade today, just over 50 pips.....
https://charts.mql5.com/7/316/eurjpy...trader-ltd.png
  • #55,067
  • Mar 19, 2015 5:31pm Mar 19, 2015 5:31pm
Quoting Vladbold
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
Isn't that excellent? Good going V!
  • #55,068
  • Mar 19, 2015 5:37pm Mar 19, 2015 5:37pm
Quoting emmanuel7788
{quote} {image}

It looks like it could be. A bullish engulfing candle/harami candle suggests a bullish bias, we are oversold below 32 although the yellow MBL is still to the downside though. No TDI confirmation but will be watching for one. How am I doing, Emman?
  • #55,069
  • Mar 19, 2015 5:56pm Mar 19, 2015 5:56pm
Quoting TheScorpS
Another one on LO set the high of the day {image}
Hi there TSS,

Nice trade! How is the LO high confirmed? Do you look for PA moving opposite FO high, producing possibly a series of HH , then a strong candle in the opposite direction, confirmed by the TDI? I understand that LO high is confirmed within the first 3 hours of trading. What other factors did you consider before entering this trade? Thanks!
  • #55,070
  • Mar 19, 2015 7:40pm Mar 19, 2015 7:40pm
Hi! I've entered short GBPAUD Daily.

 

  1. TDI green crosses red and below yellow
  2. weekly bar is bearish
  3. should i aim for weekly low 1.9127 TP. Need your suggestion. Regards

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 44 KB
Winners Never Quit, Quitters Never Win
  • #55,071
  • Mar 19, 2015 9:42pm Mar 19, 2015 9:42pm
My broker's MT4 time zone is GMT+10. Does this in any way effect my analysis using TMS?

Though i trade on M15 and H1, But while I saw Daily candle, it greatly differs from other's chart. i.e. hsn100 short on GA, but in my mt4 TMS is showign buy signal forming...

Thanks in advance.
  • #55,072
  • Mar 19, 2015 9:43pm Mar 19, 2015 9:43pm
FOMC killed me. I have to rebuild my lost profits again. It seems like a super choppy week
  • #55,073
  • Mar 19, 2015 10:11pm Mar 19, 2015 10:11pm
Quoting joynal2u
My broker's MT4 time zone is GMT+10. Does this in any way effect my analysis using TMS? Though i trade on M15 and H1, But while I saw Daily candle, it greatly differs from other's chart. i.e. hsn100 short on GA, but in my mt4 TMS is showign buy signal forming... Thanks in advance.
Hi joynal2u,

Every Day candle has its own OHLC - Open High Low and Close.
We all trade the price what the market shows us. Your day open may differ by a few hours, that's is not the problem.
We do not trade TMS based on signals. We trade based on price action and its relative momentum which the TDI (or moving averages of the RSI data) is showing us.
It is all about entries and exits when we trade.

First, you need to decide what your trading hours are in your trading business plan. You can trade at any time of your day using your H1 chart for your entry so long as you have decided on your trading hours. That requires discipline to be available at your computer during your business trading hours.

regard,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,074
  • Mar 19, 2015 10:24pm Mar 19, 2015 10:24pm
Quoting birdnest
FOMC killed me. I have to rebuild my lost profits again. It seems like a super choppy week

Hi birdnest,


The two 'most deadly' news events to day traders are - FOMC and NFP.
I learned not to fight the FOMC and NFP market. Rather close trades and take what the market gave you and return to fight another day. Trading Discipline - Rule#8.

What you can learn from is to go back and look at your day charts for those day when there is FOMC and NFP. Look at the Day candles of each FOMC and NFP days,

- how often do you see a reversal caused by FMOC and NFP.
- how often do you see a FOMC/NFP day candle high/low hitting its previous 2 days high / low.

We should not give up more than 50% of what the market gave us to fight these two news events.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,075
  • Mar 19, 2015 10:32pm Mar 19, 2015 10:32pm
Quoting rupasi
{quote} It looks like it could be. A bullish engulfing candle/harami candle suggests a bullish bias, we are oversold below 32 although the yellow MBL is still to the downside though. No TDI confirmation but will be watching for one. How am I doing, Emman?

hi rupasi,

Sometimes all the Technical Analysis TA no matter how consistent our approach we adopt, our TA will fail us.
It is the market itself that wields the ultimate scale of justice.
We must learn to discipline ourselves and play by the 25 Discipline Rules at all times.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,076
  • Mar 19, 2015 10:59pm Mar 19, 2015 10:59pm
Quoting emmanuel7788
{quote} Hi birdnest, The two 'most deadly' news events to day traders are - FOMC and NFP. I learned not to fight the FOMC and NFP market. Rather close trades and take what the market gave you and return to fight another day. Trading Discipline - Rule#8. What you can learn from is to go back and look at your day charts for those day when there is FOMC and NFP. Look at the Day candles of each FOMC and NFP days, - how often do you see a reversal caused by FMOC and NFP. - how often do you see a FOMC/NFP day candle high/low hitting its previous 2 days...
Dear Emman,

Thanks for explaining. Yes, I missed the importance of the big 2 events, which served as a good lesson for me to look into. I have been trading really small lots and last week was a good trading week though.
  • #55,077
  • Mar 20, 2015 1:40am Mar 20, 2015 1:40am
Quoting emmanuel7788
{quote} Hi birdnest, The two 'most deadly' news events to day traders are - FOMC and NFP. I learned not to fight the FOMC and NFP market. Rather close trades and take what the market gave you and return to fight another day. Trading Discipline - Rule#8. What you can learn from is to go back and look at your day charts for those day when there is FOMC and NFP. Look at the Day candles of each FOMC and NFP days, - how often do you see a reversal caused by FMOC and NFP. - how often do you see a FOMC/NFP day candle high/low hitting its previous 2 days...
Thanks for that information Emmanuel,
I'm 55 years old, and learn from your thread, it is fantastic

What you mean about trading on 30 min, like Thread TMS for M30?
  • #55,078
  • Edited 4:17am Mar 20, 2015 3:32am | Edited 4:17am
what do you think about CCI or Stoch closing?
stoch 8,3,3 seems sometimes too fast but what about cci
- Close Buy when CCI returned from above and was less than 50
- Closing Sell if the CCI returned to the bottom zone is greater than -50

here is a BT pic w/ CCI 50, -50
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 52 KB
Regards
  • #55,079
  • Mar 20, 2015 3:48am Mar 20, 2015 3:48am
Quoting rupasi
{quote} Isn't that excellent? Good going V!
Thank you!

Yeah, it's great. One of my friends took 400 , but i'm still joyful, it's my best week in Forex in 2 years.
  • #55,080
  • Mar 20, 2015 4:17am Mar 20, 2015 4:17am
Quoting fulltilt
what do you think about CCI or Stoch closing? stoch 8,3,3 seems sometimes too fast but what about cci - Close Buy when CCI returned from above and was less than 50 - Closing Sell if the CCI returned to the bottom zone is greater than -50
CCI is not part of TMS as devised by the owner of this thread. As for stoch, in the words of the man himself
Quote
I also use a Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.

TDI and PA are all you need for entry/exit for the system to work for you

Another gem of wisdom from the man
Quote
If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy.

cheers
Never argue with a fool; onlookers may not be able to tell the difference.
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