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Trading Made Simple

  • #55,861
  • Apr 14, 2015 9:26am Apr 14, 2015 9:26am
Quoting theunis
{quote} I use the same basic style as rnsfrd (signal on HTF and entry on LTF) and I love the M5 charts when trading H1 signals. See the below chart = the M5 makes a first wave (at least 5-7 candles in the same direction) which is the H1 breakout candle. The retracements on the M5 is the most valuable and helps me to get my timing right most of the time. With TMS we mostly take the second candle after a TDI cross, so when the H1 TDI crosses and I plan to enter, I drop down to the M5 and can then see the first wave on the M5. I then wait for a form...
I am currently experimenting a similar LTF entry system on M5. . . . The goal is to have a smaller SL and catch the overall direction of the H1 moves in order to take profits at 3R, 4R, 5R, etc. Easier said then done, but seems to have some potential.

Best of luck,
N
  • #55,862
  • Apr 14, 2015 10:01am Apr 14, 2015 10:01am
Quoting Ballistical
Didn't quite have my live account setup yesterday so ended up taking my first live trade this morning. Caught +50 on EA. Standard TMS entry taken as soon as LO broke above FO. I was very lucky with my TP just getting hit before price retraced from the previous resistance level. Price has been ranging for the past couple of hours. As we enter NY I would expect price to start moving again. If it breaks the high set in London it could move 50+ pips and set a new high. Alternatively a candle colour change at NYO could indicate a strong reversal from...

Hello Ball,

I am searching for a such indicator which design rectangle around daily bars (or weekly) or better which trace horizontal lines of previous daily and weekly high/low.

I tried here: http://www.forexfactory.com/showthread.php?t=29967 but i think they are not able to run on MT4 600+

Could you please share with me yours one?

Thanks
  • #55,863
  • Apr 14, 2015 10:12am Apr 14, 2015 10:12am
Traded GU H1 today 40 pips in the LO session and another one in NYO for +50 pips after news , I attached the nyo session on H1
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-14_18-10-40.jpg Size: 330 KB
I Have Learned to Take Some Losses to Make Profits
  • #55,864
  • Apr 14, 2015 10:24am Apr 14, 2015 10:24am
Quoting Ballistical
Didn't quite have my live account setup yesterday so ended up taking my first live trade this morning. Caught +50 on EA. Standard TMS entry taken as soon as LO broke above FO. I was very lucky with my TP just getting hit before price retraced from the previous resistance level. Price has been ranging for the past couple of hours. As we enter NY I would expect price to start moving again. If it breaks the high set in London it could move 50+ pips and set a new high. Alternatively a candle colour change at NYO could indicate a strong reversal from...
Nice one, today EA was a a nice chart at LO, was busy with GU that I didnt took EA as well
I Have Learned to Take Some Losses to Make Profits
  • #55,865
  • Apr 14, 2015 10:35am Apr 14, 2015 10:35am
Quoting TheScorpS
Traded GU H1 today 40 pips in the LO session and another one in NYO for +50 pips after news , I attached the nyo session on H1 {image}
Hi scorps

I can't understand your entry..
Was there any signal??

Thanks
michael
  • #55,866
  • Apr 14, 2015 10:43am Apr 14, 2015 10:43am
Quoting ZeF
For some time now I've been seeing the same questions being asked to the same people, over and over again, but in different ways and with different vocabulary. Most of those questions have to do with the TDI indicator and how good it works or how bad it sucks. TMS entries result in SL's being hit when the setups are followed blindly and PRICE ACTION is ignored. Big E in many of his posts did talk about the TDI and made it clear how it works and he was also clear on PRICE ACTION and how the TDI is the core of the method but linked with PA. He did...
Thanks for sharing, I just printed the compilation you did on Phx62 trades, those are great studies
I Have Learned to Take Some Losses to Make Profits
  • #55,867
  • Apr 14, 2015 10:48am Apr 14, 2015 10:48am
Quoting TheScorpS
{quote} Nice one, today EA was a a nice chart at LO, was busy with GU that I didnt took EA as well
If you mean the long trade on GU, I actually have missed a lot in this move, I wanted to enter a lot more earlier 15m after news, was away tho, so I waited the new H1 candle to open, here I wanted to long, and as soon as I opened the entry dialog , the price have jumped in a sudden almost 10 pips away from entry, anyway after news release often with good price action, PA will continue the way in the direction of the move started earlier in the LO session or after NYO news, so I took the chance, as well as TDI red green was separated from each other on H1 which indicates momentum or continuation
I Have Learned to Take Some Losses to Make Profits
  • #55,868
  • Apr 14, 2015 11:06am Apr 14, 2015 11:06am
Quoting Pervis
We should have plan before we take any trade... I took GU today, unfortunately the TP did not hit {image}
Plan B is work very well, I extend TP from 50 to 100 (just below 200 EMA line) after strong break resistant 1.46900 level.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 54 KB
  • #55,869
  • Apr 14, 2015 11:16am Apr 14, 2015 11:16am
Quoting theunis
{quote} Hi Pervis I took the same trade and here is how it worked out for me with the H1 entry and M5 management. The only trick is not to stay on the M5 the whole time, it will drive you nuts I keep it on H1 and only periodically check the M5 when I see movement. {image}
Hi Theunis,

Thank for your reply, personal I can not work with M5 TF or M15 TF also, I sometime take a look at M15 for earlier entry if I defined continuities of trend (not apply for CT trade)
  • #55,870
  • Edited 11:27am Apr 14, 2015 11:17am | Edited 11:27am
Quoting Nik-Nyc
{quote} I am currently experimenting a similar LTF entry system on M5. . . . The goal is to have a smaller SL and catch the overall direction of the H1 moves in order to take profits at 3R, 4R, 5R, etc. Easier said then done, but seems to have some potential. Best of luck, N
I think our objective is the same.

I also found the H1 entries to be the best suited for me and then I only periodically check the M5 to optimize my trade - sort of like "at a glance" now and then and when I see a range or channel forming, I look closer and take part profit or add or whatever. I assume that is the 3R, 4R you refer too. The small channels are great for taking part profit and adding with less lots when it breaks out of the range/channel with good momentum. Taking profit that way works better for me than Fib level or round numbers of pips.

I also use the M5 chart 55ema to exit because I found that if the 55ema is breached, the H1 TDI flat or hook is confirmed anyway and then I get out.
Never give up !!!
  • #55,871
  • Apr 14, 2015 11:18am Apr 14, 2015 11:18am
Quoting omonisha
{quote} Congrats Ballistical very nice
Thanks OS. Anything on H4 today?


Quoting cr1982
{quote} Hello Ball, I am searching for a such indicator which design rectangle around daily bars (or weekly) or better which trace horizontal lines of previous daily and weekly high/low. I tried here: http://www.forexfactory.com/showthread.php?t=29967 but i think they are not able to run on MT4 600+ Could you please share with me yours one? Thanks
cr1982,

I believe these were originally posted in X-Man's thread by Phx62. See the link below. I'm not sure you'll be able to modify these for use on HTF's though:

http://www.forexfactory.com/showthre...47#post5572947

You might also be interested in these (Daily Line Boxes):

http://www.forexfactory.com/showthre...60#post7021360

and/or these (Daily Hi Lo Line):

http://www.forexfactory.com/showthre...01#post5448901


Quoting TheScorpS
{quote} Nice one, today EA was a a nice chart at LO, was busy with GU that I didnt took EA as well
Thanks TSS,

EA was nice today. I prefer its moves when there is no High Impact Euro news. Works better with the 25 pip SL.

You have a nice portfolio on H1 and I see you tend to get at least one win per day... today two!

Do you pick your pair at the start of each day? Saw you got a nice win on GJ yesterday following the pullback. What made you switch to GU today?
Focus on the process and the profits will follow
  • #55,872
  • Apr 14, 2015 11:27am Apr 14, 2015 11:27am
Quoting Pervis
{quote} Plan B is work very well, I extend TP from 50 to 100 (just below 200 EMA line) after strong break resistant 1.46900 level. {image}
Nicely done Pervis, GU moved really well today!

Perfect H1 entry following basic TMS rules.
Focus on the process and the profits will follow
  • #55,873
  • Apr 14, 2015 11:48am Apr 14, 2015 11:48am
Quoting Ballistical
{quote} Thanks OS. Anything on H4 today? {quote} cr1982, I believe these were originally posted in X-Man's thread by Phx62. See the link below. I'm not sure you'll be able to modify these for use on HTF's though: http://www.forexfactory.com/showthre...47#post5572947 You might also be interested in these (Daily Line Boxes): http://www.forexfactory.com/showthre...60#post7021360 and/or these (Daily Hi Lo Line): http://www.forexfactory.com/showthre...01#post5448901 {quote} Thanks TSS,...
Very weird market today i took GA today did not have big move but got decent posted on TMS 30. Got in on the break of H4 pullback candle. But the RN-1.9400 didn't let it pass.

  1. Post 2,486

Sad i'm not trying to understand PA
  • #55,874
  • Apr 14, 2015 12:37pm Apr 14, 2015 12:37pm
Too weird today...

This is the chart of one of my losing trades today. Did I miss something or it was just bad luck?

My entry criteria:
- Under 50EMA
- Under PAC
- Below last candle
- TDI Cross under MBL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 90 KB


I don't think it was because the TDI was oversold, it has been like that for several candles and it was falling down, but I can't find any good reason why the trade didn't work out.

Thanks in advance
Had to be me. Someone else might have gotten it wrong.
  • #55,875
  • Apr 14, 2015 12:37pm Apr 14, 2015 12:37pm
Quote
You have a nice portfolio on H1 and I see you tend to get at least one win per day... today two! Do you pick your pair at the start of each day? Saw you got a nice win on GJ yesterday following the pullback. What made you switch to GU today?

Nothing special, just the way I follow these pairs around LO, EA-EJ-EU-GU-GJ , I took GU instead of GJ, I was monitoring GJ as well, but didnt like how FO was formed so took GU short at LO a little earlier than breaking FO H1 low, based on M15 chart
I Have Learned to Take Some Losses to Make Profits
  • #55,876
  • Apr 14, 2015 12:39pm Apr 14, 2015 12:39pm
Quoting mordin
Too weird today... This is the chart of one of my losing trades today. Did I miss something or it was just bad luck? My entry criteria: - Under 50EMA - Under PAC - Below last candle - TDI Cross under MBL {image} I don't think it was because the TDI was oversold, it has been like that for several candles and it was falling down, but I can't find any good reason why the trade didn't work out. Thanks in advance
Yes , MBL is on over sold zone, look for reversal there , study it , and see when its valid to be taken
I Have Learned to Take Some Losses to Make Profits
  • #55,877
  • Apr 14, 2015 12:57pm Apr 14, 2015 12:57pm
Quoting TheScorpS
{quote} Yes , MBL is on over sold zone, look for reversal there , study it , and see when its valid to be taken
Thanks for your answer. I didn't want to take the reversal, but continue with the trend. The TDI was oversold for the last nearly 20 candles and yet the price keep falling, so I waited for the cross and the break of the small consolidation... I will study what you say


Thanks again!
Had to be me. Someone else might have gotten it wrong.
  • #55,878
  • Edited 1:32pm Apr 14, 2015 1:13pm | Edited 1:32pm
Quoting mordin
Too weird today... This is the chart of one of my losing trades today. Did I miss something or it was just bad luck? My entry criteria: - Under 50EMA - Under PAC - Below last candle - TDI Cross under MBL {image} I don't think it was because the TDI was oversold, it has been like that for several candles and it was falling down, but I can't find any good reason why the trade didn't work out. Thanks in advance
Hi,

Your entry criteria look okay to me. They are simple and easy to read on your chart.
Just that you were caught by the volatility today and that happen around a BRN 1.3300 and also historical swing level.
The dominant trend is still bearish and no sign of bullish reversal.
If there is any sign of weakness, then the Day candle long wicks may be the answer.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD MN week 16.png Size: 57 KB

The reaction around these historcial swing levels can be 50 to 100pips swing.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,879
  • Apr 14, 2015 1:27pm Apr 14, 2015 1:27pm
CNY GDP during Asian session 15 Apr.

we should expect some volatility when China GDP data release in about 7 hours.
This will affect AUD and NZD pairs mostly traded during the Asian - Tokyo morning session.
H1 trading stand aside, be safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,880
  • Apr 14, 2015 7:44pm Apr 14, 2015 7:44pm
Quoting cr1982
{quote} Hello Ball, I am searching for a such indicator which design rectangle around daily bars (or weekly) or better which trace horizontal lines of previous daily and weekly high/low. I tried here: http://www.forexfactory.com/showthread.php?t=29967 but i think they are not able to run on MT4 600+ Could you please share with me yours one? Thanks

You can try these which also show you the previous Day high low and Prev week high low..as horizontal lines.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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