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Trading Made Simple

  • #55,681
  • Apr 8, 2015 10:54am Apr 8, 2015 10:54am
Quoting bigcakex
{quote} Hi,Pips92,i can't see the PDF in you post . Would you post me again？ Thanks！
please check again ...
sorry for miss the link ...
  • #55,682
  • Apr 8, 2015 11:09am Apr 8, 2015 11:09am
Hi ,everyone ,Can someone help me to check the GU D1,Am i right?
Attached Image (click to enlarge)
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  • #55,683
  • Apr 8, 2015 11:39am Apr 8, 2015 11:39am
Quoting emmanuel7788
{quote} on D chart, around 1.4000 will see potential support and the psych level. But I can't imagine a strong Aussie can last that many days...

Bailed out with 88 green, just above the 1.4 line.

Let's see if it goes through it and act on it.

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Best regards, Zef
  • #55,684
  • Apr 8, 2015 12:21pm Apr 8, 2015 12:21pm
Quoting Pervis
{quote} Hi Phx, Below is the question I asked you sometime ago, can you share with us on this? {quote}
Pervis
Nice trade.
The candle I enter on has to do with price action and if I see the possibility of a continuation of the move that has already been established during the late Euro/Frankfurt sessions. If price has moved strongly in one direction, I sometimes will take a trade in the same direction as the movement, at LO. If there is a consolidation or pullback, I will wait for a move below or above the previous candle. Candle patterns also determine my entry. If there is a PCRF, I may enter on what is considered the set-up candle, instead of waiting the entry candle and the cross of the TDI. It is all based on experience and hours and hours of studying and observing price action following candle patterns, etc..
Hope this answers your question and continued success to you.
  • #55,685
  • Apr 8, 2015 3:04pm Apr 8, 2015 3:04pm
Hello BigEmm,

please explain that Picture, of course, I readed Monitor TMS:
http://www.forexfactory.com/showthread.php?t=303347


P-Slope - is the Slope value of the green price line for the previous bar. Slope value les then 1 will display as 0.

C-Slope - is the Slope value of the green price line for the Current bar. Slope value les then 1 will display as 0.
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  • #55,686
  • Apr 8, 2015 3:33pm Apr 8, 2015 3:33pm
Trade today, EURUSD H1.
Sell with '3lots-pending order' script taken at 2nd candle after it closed below the PAC line and after TDI cross, and formation of a PCRF with confluence of resistance area plus, 50EMA & 200EMA. Although it retraced for about -25pips but the set up strongly suggest price will fall, so I just cross my finger and hope it will follow the trend continuation of a daily bearish. TP1 hit at +25pips, and TP2: 50pips and SL moved to BE and let TP3 run and wait for market to decide. This lesson is from Big Emm and Phx62... kudos to the masters...
Attached Image
  • #55,687
  • Apr 8, 2015 4:31pm Apr 8, 2015 4:31pm
Quoting emmanuel7788
{quote} If you wait till price touch 5EMA, you will give back too much to the market. {image}
Could you explain this a little further, please?
--I'm a demo newbie, please be cautious.
  • #55,688
  • Apr 8, 2015 5:08pm Apr 8, 2015 5:08pm
Quoting 3psilon
{quote} Could you explain this a little further, please?
Hi,

Let's look at the chart posted by the member theunis.
http://www.forexfactory.com/attachme...1&d=1428487312

the information show the Daily Av of 134 pips, Hi to Low 136.
the entry price is seen on his chart above.
if he waits for the price to pull back to the 5EMA to exit, then we lose too many pips.

I posted GU volatility chart which shows a daily range of between 120 and 160.
I would take profit and close all positions when market hit 160 pips range max.
If you check the GU range from its low to its high, it is about 167pips. the pull back to the 5EMA would be ca 55pips, too much in my opinion based on the entry price.

http://www.forexfactory.com/attachme...1&d=1428488357

Market often pullback when London session closes, therefore protecting profits or exiting Intraday trades is something we should consider.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,689
  • Apr 8, 2015 5:17pm Apr 8, 2015 5:17pm
Quoting BurnhamPark
Trade today, EURUSD H1. Sell with '3lots-pending order' script taken at 2nd candle after it closed below the PAC line and after TDI cross, and formation of a PCRF with confluence of resistance area plus, 50EMA & 200EMA. Although it retraced for about -25pips but the set up strongly suggest price will fall, so I just cross my finger and hope it will follow the trend continuation of a daily bearish. TP1 hit at +25pips, and TP2: 50pips and SL moved to BE and let TP3 run and wait for market to decide. This lesson is from Big Emm and Phx62... kudos to...
Good trade. simple rules, disciplined and timely executed.

I took exactly the same trade when NY open and went to bed. Woke up when London close hour to move my 3rd pos to BE, now still running.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 8 Arp Hi trade NYO.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,690
  • Apr 8, 2015 5:20pm Apr 8, 2015 5:20pm
Where is SnarlyJack? Today marks one month since he has posted. What a shame, if we have lost him! He always had something positive and good to share.
  • #55,691
  • Edited 6:42pm Apr 8, 2015 5:22pm | Edited 6:42pm
Quoting Trader MT4
Hello BigEmm, please explain that Picture, of course, I readed Monitor TMS: http://www.forexfactory.com/showthread.php?t=303347 P-Slope - is the Slope value of the green price line for the previous bar. Slope value les then 1 will display as 0. C-Slope - is the Slope value of the green price line for the Current bar. Slope value les then 1 will display as 0. {image}

Hi,

those slope numbers has nothing to with the clock face hour.
it is computing the TDI Green line angle and showing it as a number.
you should only look at the P-slope and C-slope at that instant to see if there is significant difference to know the angle changed.

Edit: see post in the TMS Monitor thread:

http://www.forexfactory.com/showthre...21#post8193521


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,692
  • Apr 8, 2015 5:27pm Apr 8, 2015 5:27pm
Quoting bigcakex
Hi ,everyone ,Can someone help me to check the GU D1,Am i right? {image}

Hi,

GU is sideways trapped in a range.
No D chart trade in such market type.
Only trade H1 intraday taking profits within its daily range.

Need to wait for a big event to break out of that range ... maybe when closer to the UK elections, its muggy weather, it will move when the skies are clearer.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,693
  • Apr 8, 2015 6:02pm Apr 8, 2015 6:02pm
Quoting bigcakex
EJ H1 trades today ,and right now ,three of them TP hit.Still has one left ,targeting for +100 pips. 1 trade:-6 pips 2 trade:+60 pips 3 trade:+25 pips 4 trade:+50 pips 5 trade:going on Thanks for Big emmanuel7788's help ,and Phx62' post ,but I am still a newbie ,and has a long way to study. {image}
Hi,

H1 intraday trading we can buy and sell in the same day. But we must only trade the TMS H1 A+++ setups with discipline and not be quick to pull the trigger.

I took the same sell trade when NY open after seeing that the price action stall at the high of the Asian and LO candle high. The intraday reversal was quite clear and to follow the previous Day bearish bias i.e. to sell as continuation.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPy 8 Arp H1 trade NYO.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,694
  • Apr 8, 2015 6:05pm Apr 8, 2015 6:05pm
Quoting mary4x
Where is SnarlyJack? Today marks one month since he has posted. What a shame, if we have lost him! He always had something positive and good to share.

Hi Mary,
You have to email him because he turned off his PM feature.
Last month there was a bereavement in his family and we need to give him some time off .
He will be back.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,695
  • Apr 8, 2015 6:15pm Apr 8, 2015 6:15pm
Quoting emmanuel7788
{quote} {image} Took this H4 trade earlier, now at BE. Target TP is previous week low. Will manage to see if it will drop further to the support formed by the previous 2 weeks close. {image}

GBPNZD trades closed. Now back to waiting for the next setup.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD week 15 H4 trade 8 Apr closed.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,696
  • Apr 8, 2015 6:22pm Apr 8, 2015 6:22pm
Hi TMS folks,

There is a trade quiz in post#55,632 above.

Take your time and try that simple TMS quiz.
Never mind if you think your answer it is correct or wrong. What is more important is that you know how to pick those A+++ setup with TDI cross, angle 12-2 4-6, and bounce trades with higher win rates.
You need to know your TDI to be able to trade with high win rate consistently.

regards
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,697
  • Apr 8, 2015 10:01pm Apr 8, 2015 10:01pm
Quoting emmanuel7788
Hi TMS folks, There is a trade quiz in post#55,632 above. Take your time and try that simple TMS quiz. Never mind if you think your answer it is correct or wrong. What is more important is that you know how to pick those A+++ setup with TDI cross, angle 12-2 4-6, and bounce trades with higher win rates. You need to know your TDI to be able to trade with high win rate consistently. regards
Interesting quiz, as a newbie I will enter both.
1st cross: good angel, green oversell near 32 ,red goes flat and to be reverse. But it will hit my SL.
2nd cross: good bounce, red up. can not hit SL, but can get a good entry later.
Really hard to pick a good setup for me. after few practise I found if I failed on 1st cross, there is high probability to win the 2nd cross.
BTW, I sold AU at 0.7684 when H4 closed a cross on Tokyo open today, it droped 25 pips but bounced to BE now. D chart seems bullish, should I buy instead of sell?
  • #55,698
  • Apr 9, 2015 12:41am Apr 9, 2015 12:41am
Quoting emmanuel7788
Hi TMS folks, There is a trade quiz in post#55,632 above. Take your time and try that simple TMS quiz. Never mind if you think your answer it is correct or wrong. What is more important is that you know how to pick those A+++ setup with TDI cross, angle 12-2 4-6, and bounce trades with higher win rates. You need to know your TDI to be able to trade with high win rate consistently. regards
hi emmanuel let me join on your quiz on the 1st entry set up i will enter the trade.with my money management strategy i believe i will get BE or profit 20-30 pips cause i will put a trailing stop once it reach 30-40 pips to maintain my pips so the market didnt take them back...

on the 2nd entry the candlestick having a long wick on both sides and looks like a master candle waiting for a breakout on the few next candle...i would not enter the 2nd trade and wait for a breakout by setting buy stop or sell stop...

im still a newbie in forex just learn forex from january 2014 still having issue with mental and psychology of staying on the trade too long...so im sorry if my answer is wrong
  • #55,699
  • Apr 9, 2015 12:52am Apr 9, 2015 12:52am
Some motivational videos for struggling traders out there (like me)

In actual fact trading is never simple or easy despite the thread name, it involves a lot of things and hard work.
Trading is really what I wanted to do, and I will try my best on achieving my goal to become a consistently profitable one

Inserted Video


Inserted Video
  • #55,700
  • Apr 9, 2015 2:39am Apr 9, 2015 2:39am
EURJPY-H4
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Sad i'm not trying to understand PA
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