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Trading Made Simple

  • #55,961
  • Apr 16, 2015 8:10am Apr 16, 2015 8:10am
Quoting adikashyap
{quote} When you say 200 EMA on D candle, I'm assuming 800 EMA (as 800 EMA is supposed to be 200 EMA on D candle) .... that is at 129.60 ....

I was referring to the 200EMA on H1. It is close to what the 10EMA on D1 chart.
Right now at NYO, price has reach the 200EMA on H1 and trending nicely, should touch the upper channel on H1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,962
  • Apr 16, 2015 8:29am Apr 16, 2015 8:29am
Quoting Vladbold
{quote} Hi, I have 2 things i want to mention, i don't want to comment on how good or bad the entry is, but: 1. Phx62 teaches H1 entries. H4 are different, and take different considerations. 2. Your sl was much too tight for a H4 entry. A correct SL placement should have been at the previous low - thusly, the double bottom.
Hello Vladbod and thx for your reply.

My SL was at double bottom, but i cutted the loss because of TDI became Flat. If you check now U/J chart, green line is a hook reversal direction.
So i have not reached my first SL Level.

I think H1 Phx62 approach about pullback entry (above/below the third "leg") it's kinda conservative, so i thought would be possible to apply it on higher timeframe too.
  • #55,963
  • Apr 16, 2015 8:33am Apr 16, 2015 8:33am
Quoting cr1982
Hello Seniors, Little lesson for newbies (like me ). Double bottom + Pullback Candle. Blue Candle doesn't broke 5 SMA. I took entry and i made a loss cut when green TDI became flat. (SL = pullback candle low price). Reason for NOT take this kind of trade: Short Blu Candle which doesn't cut the 5 sma; EMA 50 countertrend Entry has made before breaking above third candle (as Phx62 teachs) Last but not least: Short term (5 SMA) countertrend. If seniors cacth any other reason , feel free to add Thank you {image}
Hi CR,

you know that is counter trend.
there is no bullish reversal seen so we need to wait for a consolidation then look for the next move.
there is early sign of H4 consolidation ... see my comment on your chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: cr1982 UJ H4 post.png Size: 250 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,964
  • Apr 16, 2015 8:42am Apr 16, 2015 8:42am
Traded EA today, went short following LO opens and news in the Asian Session on AUD , good for +50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-16_16-41-50.jpg Size: 337 KB
I Have Learned to Take Some Losses to Make Profits
  • #55,965
  • Apr 16, 2015 10:33am Apr 16, 2015 10:33am
Hi friends, thank you for this amazing system. Can some one please tell me where I can download the latest indicators for this system. I really don't want to end up getting an earlier version of the indicators. Thank you so much.
  • #55,966
  • Apr 16, 2015 11:51am Apr 16, 2015 11:51am
Quoting Vladbold
2 E/A wins and G/j loss this morning. Posting the chart with the 2 wins. I entered about 5 pips too late at LO, and the break of the asian low. Price went 47 pips in my fav, closed for +35. The second, lucky, hit my +50 pip TP directly. {image}
Excellent trading Vlad! I didn't trade London today since there was such a big move in the Asian session following news. London moved surprisingly well and you did a good job of catching both moves! Keep up the green pips!


Quoting TheScorpS
Traded EA today, went short following LO opens and news in the Asian Session on AUD , good for +50 pips {image}
Nice catch TSS! Did you try trading the AUD news at all? I believe the AUD Cash Rate releases generally produce bigger moves but the Employment data releases have also been giving good movement as well recently. I decided against it as I needed sleep... woke up to find a 120 pip drop in 15 mins!
Focus on the process and the profits will follow
  • #55,967
  • Edited 1:47pm Apr 16, 2015 1:06pm | Edited 1:47pm
GBPUSD-H4

EURJPY-H1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-04-17_0-05-04GBPUSD.png Size: 33 KB
Click to Enlarge Name: 2015-04-17_0-43-40EURJPY.png Size: 34 KB
Sad i'm not trying to understand PA
  • #55,968
  • Apr 16, 2015 1:57pm Apr 16, 2015 1:57pm
Quoting omonisha
GBPUSD-H4 EURJPY-H1 {image} {image}
Perfect catch OS , well done and executed

Missed all the good run after LO set the low on the pairs I watch , good day after all
I Have Learned to Take Some Losses to Make Profits
  • #55,969
  • Apr 16, 2015 2:03pm Apr 16, 2015 2:03pm
Quoting Ballistical
{quote} Excellent trading Vlad! I didn't trade London today since there was such a big move in the Asian session following news. London moved surprisingly well and you did a good job of catching both moves! Keep up the green pips! {quote} Nice catch TSS! Did you try trading the AUD news at all? I believe the AUD Cash Rate releases generally produce bigger moves but the Employment data releases have also been giving good movement as well recently. I decided against it as I needed sleep... woke up to find a 120 pip drop in 15 mins!
I was watching GJ to get long at LO, it spike in no time, so I sat a side watching which of the pairs I follow has the best opportunity at that time, EA started the move with a break below Asian Low, went with the trend, fast move with TP in the firs H1 candle at LO opens

The Aud cash rate news is really good market mover on this pair, its at my snooze time tho, I use to trade Asian Session but since my broker changed its server time an hour earlier , now trading the Asian Session it means I have to be up at 4 - 5 am , so any trade at 5 am is possible to catch, but at 4 am I might miss it, will start to watch the Cash Rate from time on
I Have Learned to Take Some Losses to Make Profits
  • #55,970
  • Apr 16, 2015 2:04pm Apr 16, 2015 2:04pm
Quoting Vladbold
2 E/A wins and G/j loss this morning. Posting the chart with the 2 wins. I entered about 5 pips too late at LO, and the break of the asian low. Price went 47 pips in my fav, closed for +35. The second, lucky, hit my +50 pip TP directly. {image}
You took both worlds, great trading
I Have Learned to Take Some Losses to Make Profits
  • #55,971
  • Apr 16, 2015 3:17pm Apr 16, 2015 3:17pm
Quoting omonisha
GBPUSD-H4 EURJPY-H1 {image} {image}
As always, nice trades OS!

I'm a big fan of the clean charts.

Keep it up!
Focus on the process and the profits will follow
  • #55,972
  • Apr 16, 2015 5:36pm Apr 16, 2015 5:36pm
Quoting emmanuel7788
{quote} sorry, my mistake. I was looking at EU but you posted EJ. So I deleted my earlier post. EJ D chart shows consolidation with an Day IB. We may have to wait another 2 days before we can confirm a bullish reversal. Today H1 buy entry can be good. {image}http://www.forexfactory.com/attachme...1&d=1429184135
We had the day Inside Bar breakout and the price moved nicely in the rising channel drawn.
First taregt at the 200EMA was good. With the IB breakout, the 2nd target at the top of the rising got hit.

Looks like we have seen a bullish reversal but still early to confirm on D1 chart. Today is bullish bias with yesterday's bullish candle close.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY H1 16 Apr rising channel upd2.png Size: 97 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,973
  • Apr 16, 2015 5:58pm Apr 16, 2015 5:58pm
Quoting emmanuel7788
{quote} Yes, I added 2nd pos today and target ~1.5000 {image}http://www.forexfactory.com/attachme...1&d=1429168754

Hi,

Here is my trade update. Protected both positions and I have 1st pos in profit and 2nd pos at BE, so this 2nd pos is a free trade.
Today I shall be looking at adding a 3rd pos using lower TF H1 and M15 for setups. Shallow intraday retracement is something I look for today. Watchout for the D reaction at the 50EMA, can be nasty one with the high of the 2nd MC.

Target still set at 1.5000 but will review a change to higher level 1.5170 which is the high of the 1st MC to the left, that's a resistance level. Need to see support for more entries first.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 16 D1 trades upd2.png Size: 34 KB


Trade Well folks, it's Friday... be safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,974
  • Apr 16, 2015 6:13pm Apr 16, 2015 6:13pm
Hi friends,

I could not spend much time on trading these days due to new job and business assignments. However managed to take following trades based on H1,H4 and Daily.

1)EURAUD 310 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 040315 EURAUDH1.png Size: 46 KB


2)EURAUD 240 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 080415 EURAUDH1.png Size: 45 KB


3)USDCAD 290 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 150415 USDCADH1.png Size: 44 KB


Thanks
Manoj
  • #55,975
  • Apr 16, 2015 6:13pm Apr 16, 2015 6:13pm
Quoting emmanuel7788
EURCAD H1 traders, are you watching LO for an entry to catch the 'falling knife'? catch that carefully, don't get cut...
"Falling knife" ... were you one of the many who got cut by LO candle?

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 16 17 Apr upd2.png Size: 88 KB


You need skills and good timing to catch a falling knife. Catching it from the top is one skill traders must develop using price action.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,976
  • Apr 16, 2015 6:16pm Apr 16, 2015 6:16pm
Quoting manoj_3986
Hi friends, I could not spend much time on trading these days due to new job and business assignments. However managed to take following trades based on H1,H4 and Daily. 1)EURAUD 310 pips {image} 2)EURAUD 240 pips {image} 3)USDCAD 290 pips {image} Thanks Manoj

Hi manoj,

Great trades!

good to see you back.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,977
  • Apr 16, 2015 6:31pm Apr 16, 2015 6:31pm
Quoting cr1982
Hello Seniors, Little lesson for newbies (like me ). Double bottom + Pullback Candle. Blue Candle doesn't broke 5 SMA. I took entry and i made a loss cut when green TDI became flat. (SL = pullback candle low price). Reason for NOT take this kind of trade: Short Blu Candle which doesn't cut the 5 sma; EMA 50 countertrend Entry has made before breaking above third candle (as Phx62 teachs) Last but not least: Short term (5 SMA) countertrend. If seniors cacth any other reason , feel free to add Thank you {image}

HI CR,

here is a follow up using D chart.
the Day bias is still to sell but with yesterday consolidation seen with the D Inside Bar, there is potential.
we need to stalk this on D chart to see the first sign of bullish reversal or a further press lower in next week and next month May.

The previous Month's Open, High, Low and Close are good use as support and resistance, we look at the Price Action around these OHLC levels.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY D chart with MN OHLC 17 Apr.png Size: 92 KB


If you look at the chart above, there is a huge opportunity seen on MN.
When we admire the trees, we must not lose sight of the forest.


Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,978
  • Apr 16, 2015 6:32pm Apr 16, 2015 6:32pm
Quoting emmanuel7788
{quote} Hi manoj, Great trades! good to see you back. regards,
Thanks Sir
  • #55,979
  • Apr 16, 2015 6:54pm Apr 16, 2015 6:54pm
Quoting hashzar
Hi friends, thank you for this amazing system. Can some one please tell me where I can download the latest indicators for this system. I really don't want to end up getting an earlier version of the indicators. Thank you so much.
Hi hashzar,

You are a newcomer to this Trading Made Simple thread. Welcome!

First thing about TMS. This is a technical trading method not a system (not yet). You need to work and developed your own winning trading system using this 5-Method as the core technical trading method.

It will be cruel of me to tell every newcomer to go back and start reading from post#1.

So to give you a head start, here is what I have done for you and every newcomer.

TMS for beginners : Post#52,707

A short history by pioneer member snarlyjack Post#110

Eelfranz spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,

After months of postings and answering many frequently asked questions FAQs,

Eelfranz said: "we make the jump to to the new TMS thread" on 26 Aprl 2011... Post#4432

In Post#1, he explained how he traded the H4 chart timeframe and he also trade the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.

Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the tasks we must perform when we trade.

TMS 5-Method Basic Rules: Post#53,842

The only two indicators which we use and the most recent versions are:-
1) the Synergy_Pro_APB which has the Price Action Channel build-in
2) the Synergy_Pro_TDI, an updated version which work in realtime market
these are found in the package Synergy_Pro zip : Post#50,241

I have done the easy part and I am sure it will help you and all newcomers in a small way. The rest of the work you have to do yourself.
You can learn on your own at your own time and leisure.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,980
  • Apr 16, 2015 7:21pm Apr 16, 2015 7:21pm
Quoting emmanuel7788
Here is a practice example for next week' trading: NZDJPY H4. Same approach, top down looking at MN candles, then Weekly candles. Now on H4 chart, we see the MN OHLC. You decide on whether to be buyer or seller next week. {image} http://www.forexfactory.com/attachme...1&d=1428712084Assume your Plan A is to be buyer. What if (Plan A fails) i.e. your belief in Plan A no longer is true? Do you do the turnaround?
NZDJPY made a H4 reversal and is running nicely now I look at D chart to manage my trades.

The next target is in sight. next week we look for possible retracement and jump onto this trending pair.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY week 16 D 17 Apr.png Size: 97 KB


now make my way to the kirribilli place to meet some of you folks for brunch...
be back when Frankfurt open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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