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Trading Made Simple

  • #55,981
  • Apr 16, 2015 11:42pm Apr 16, 2015 11:42pm
Dear emmanuel, thank you so much for your kind guidance. This is tremendous help and you have saved me so much time (and for all newcomers). I am happy to be part of this community.
  • #55,982
  • Apr 17, 2015 12:33am Apr 17, 2015 12:33am
Quoting TheScorpS
{quote} You took both worlds, great trading
Thanks TSS!

It was finally a great day yesterday - i bet the E/U would get rejected from the big number at 1,08, and entered an M5 trade, got my 40 pips also.
A lot of nice moves yesterday, let's see how the market presents itself today.

Everyone got good profits yesterday, good day for the TMS family
  • #55,983
  • Edited 2:02am Apr 17, 2015 1:42am | Edited 2:02am
1 year and 4 months into TMS, but I am hardly profitable. What is wrong?


In EA, I am seeing a bearish trend in both monthly and weekly charts. As for the day, it has yet to form a 4-6 TDI.

For H4, I am seeing a retracement and waiting for a cross on the TDI to continue the trend with the support TP of 1.371 region. Am I analysing it correctly?
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  • #55,984
  • Apr 17, 2015 2:12am Apr 17, 2015 2:12am
Quoting birdnest
1 year and 4 months into TMS, but I am hardly profitable. What is wrong? In EA, I am seeing a bearish trend in both monthly and weekly charts. As for the day, it has yet to form a 4-6 TDI. For H4, I am seeing a retracement and waiting for a cross on the TDI to continue the trend with the support TP of 1.371 region. Am I analysing it correctly? {image}
There are more Pro traders to comment and advice ...........
But, the way I see it, both W and M candles are almost teasing very strong Support levels ....... Look Left .........
  • #55,985
  • Apr 17, 2015 2:30am Apr 17, 2015 2:30am
Quoting birdnest
1 year and 4 months into TMS, but I am hardly profitable. What is wrong? ... {image}
There is nothing wrong.
Professionals like doctors, surgeons, dentists, lawyers,... they take many years to study, learn, practise, ... before they earn the right to practice.
You want to be a trader?
To be a trader, it is to be a professional, it takes time to become one.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,986
  • Apr 17, 2015 2:33am Apr 17, 2015 2:33am
Quoting birdnest
1 year and 4 months into TMS, but I am hardly profitable. What is wrong? In EA, I am seeing a bearish trend in both monthly and weekly charts. As for the day, it has yet to form a 4-6 TDI. For H4, I am seeing a retracement and waiting for a cross on the TDI to continue the trend with the support TP of 1.371 region. Am I analysing it correctly? {image}
I'm on the EA too.

Go to the daily (if you're doing H1 or H4) and zoom as far as you can go.

PA is on a bottom line where it just broke through March 2015 lows and hanging around August 2014 lows. Also around the 1.4 RN. This is too much fundamentals for me to try and read PA - market was choppy this week bouncing off these levels and taking out buyers and sellers alike.

Until price breaks free of these fundamental hooks (aided by some news hopefully), I will stay out of EA.

Hope this helps.

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Best regards, Zef
  • #55,987
  • Apr 17, 2015 2:56am Apr 17, 2015 2:56am
Dear Emman,

Thanks, I will try harder.


Dear ZeF,

Got that. Guess I was being not discipline enough to follow my rules. Mostly, I dwindled down on overtrading too much and being too vengeful
  • #55,988
  • Apr 17, 2015 3:04am Apr 17, 2015 3:04am
Quoting Ballistical
{quote} As always, nice trades OS! I'm a big fan of the clean charts. Keep it up!
Quoting TheScorpS
{quote} 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
Thanks for the support Ballistical i like your chart too they are very clean easy to read. TS i was on that EA too almost exactly at the same area but misclicked close it for +14.

GBPNZD-H1
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #55,989
  • Apr 17, 2015 3:17am Apr 17, 2015 3:17am
Hi buddies,
The GU is near 1.5000 now, H4 is ovebouht seems will not break through previous high, though D chart seems bullish, I hope a chance for sell on H1 TDI down cross, let's see later.
  • #55,990
  • Apr 17, 2015 4:01am Apr 17, 2015 4:01am
Quoting birdnest
1 year and 4 months into TMS, but I am hardly profitable. What is wrong? In EA, I am seeing a bearish trend in both monthly and weekly charts. As for the day, it has yet to form a 4-6 TDI. For H4, I am seeing a retracement and waiting for a cross on the TDI to continue the trend with the support TP of 1.371 region. Am I analysing it correctly? {image}
Birdnest,

I completely understand your frustration. Trust me when I say, I've been there.

My advice would be to pick a pair and pick a time-frame. Don't be tempted to even open any other charts for 6-12 months. Make your trading as simple as possible while your learning. You can add multiple TF confirmation, multiple pairs, multiple entries etc. once you're seeing some consistency in your results. This also forces you to be patient and disciplined with your trade setup's.

I used to have 8-10 charts open at a time, but didn't turn my trading around until I got rid of all but one. It won't happen over-night but try it for 6-12 months and see how you go.

Best of luck!

Ballistical
Focus on the process and the profits will follow
  • #55,991
  • Apr 17, 2015 4:04am Apr 17, 2015 4:04am
Quoting Ballistical
{quote} Birdnest, I completely understand your frustration. Trust me when I say, I've been there. My advice would be to pick a pair and pick a time-frame. Don't be tempted to even open any other charts for 6-12 months. Make your trading as simple as possible while your learning. You can add multiple TF confirmation, multiple pairs, multiple entries etc. once you're seeing some consistency in your results. This also forces you to be patient and disciplined with your trade setup's. I used to have 8-10 charts open at a time, but didn't turn my trading...
very nice tips from mr ballistical...right now im only using 4 charts but i my main pair is only G/U and E/U the G/j and e/j just for comparement of pips movement or ADR
  • #55,992
  • Apr 17, 2015 4:18am Apr 17, 2015 4:18am
Another +50 pips on GU H1 following the channel trend up on the week
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I Have Learned to Take Some Losses to Make Profits
  • #55,993
  • Apr 17, 2015 4:21am Apr 17, 2015 4:21am
Quoting omonisha
{quote} {quote} Thanks for the support Ballistical i like your chart too they are very clean easy to read. TS i was on that EA too almost exactly at the same area but misclicked close it for +14. GBPNZD-H1 {image}
Keep rolling OS, great trade , you made up with nice 2 days trading afterwards
I Have Learned to Take Some Losses to Make Profits
  • #55,994
  • Edited 5:07am Apr 17, 2015 4:45am | Edited 5:07am
Quoting emmanuel7788
{quote} 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. {image} If you look at the chart above, there is a huge opportunity seen on MN. When we admire the trees, we must not...

Hello Emmanuel

Yes, i am taking care of U/J because it seems low pression is constantly around the MN Support.

I totally agree, there will be nice trading opportunities with that chart.

I am following also AUDUSD which seems to be affected by a kind of buyer pressure around MN Resistence. But TDI is in a potential reverse area! (68)

Let's see!
  • #55,995
  • Apr 17, 2015 5:13am Apr 17, 2015 5:13am
Here´s one of my rare H1 TMS trades.

Cable this morning, looking for a trend continuation , saw the TDI cross and jumped in with a small portion for 50 pips .
Guido
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Risiko birgt immer auch die Chance.
  • #55,996
  • Apr 17, 2015 5:41am Apr 17, 2015 5:41am
Quoting birdnest
1 year and 4 months into TMS, but I am hardly profitable. What is wrong? In EA, I am seeing a bearish trend in both monthly and weekly charts. As for the day, it has yet to form a 4-6 TDI. For H4, I am seeing a retracement and waiting for a cross on the TDI to continue the trend with the support TP of 1.371 region. Am I analysing it correctly? {image}
There are more Pro traders to comment and advice ...........
But, the way I see it, both W and M candles are almost teasing very strong Support levels ....... Look Left .........
  • #55,997
  • Apr 17, 2015 5:52am Apr 17, 2015 5:52am
Quoting Saionbus
Hi buddies, The GU is near 1.5000 now, H4 is ovebouht seems will not break through previous high, though D chart seems bullish, I hope a chance for sell on H1 TDI down cross, let's see later.
No worry about H4 being in overbought .... the TDI/RSI will reach the 80-level when market is strong trending.

D1 chart has control of the bullish trend for this pair.

Look at the big picture.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #55,998
  • Apr 17, 2015 6:14am Apr 17, 2015 6:14am
i just lost 34 pips trade at gpbusd using this method , i entry buy using tdi green bounces tdi red and synergy still in blue colored and stoch slope ady crossed too , can u guys tell me recomended SL?
Take What You Can , Give Nothing Back
  • #55,999
  • Apr 17, 2015 6:21am Apr 17, 2015 6:21am
Quoting Donquixote
i just lost 34 pips trade at gpbusd using this method , i entry buy using tdi green bounces tdi red and synergy still in blue colored and stoch slope ady crossed too , can u guys tell me recomended SL?
please post your trade chart...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,000
  • Apr 17, 2015 6:25am Apr 17, 2015 6:25am
Quoting emmanuel7788
{quote} 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. http://www.forexfactory.com/attachme...1&d=1429223799{image}
A nice trending pair and 2nd touch of the upper channel line...

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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