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Trading Made Simple

  • #56,061
  • Apr 20, 2015 7:37am Apr 20, 2015 7:37am
Quoting pips29
{quote} Hi Emmanuel, any reason why you drew the trendline from there (red) and not from here (blue) {image}

Hi pips29,

I use price swings / waves to draw channel. It is a channeling technique taught by Jeffery Kennedy. I find this channeling technique suitabel when i follow the price waves and with the TDI.

You will find the explanation in the post link below.

Ultimate Technical Analysis Handbook:
Channeling technique explained in the pdf : Post#18,884

Anyway, the NZDJPY H1 is a head and shoulders chart pattern. The trend line is the 'neck line'.
Attached Image

Some of this chart patterns do fail and it is important that we have a Plan B when the H&S Plan A fails.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,062
  • Apr 20, 2015 7:58am Apr 20, 2015 7:58am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 139 KB


Another Lose . Please tell me where is my fault , is it my SL?
Take What You Can , Give Nothing Back
  • #56,063
  • Apr 20, 2015 8:06am Apr 20, 2015 8:06am
Quoting Donquixote
{image} Another Lose . Please tell me where is my fault , is it my SL?

Clearly seen on your H4 chart, there is consolidation around 1.5000.
You should only trade H1 and be careful with London Open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,064
  • Apr 20, 2015 8:19am Apr 20, 2015 8:19am
Quoting emmanuel7788
{quote} Hi hsn, this EURCAD H1 trades just closed. The re-bound from BRN 1.3100 hit my protective stop. {image} regards,
Hi Emmanuel,

first thank you for your last answer to my question, the one about the SLs and TPs.

I have a question about your entry in this trade, what triggered your entry? TDI bar was past #3. I see three possible things, but I'm not pretty sure. I see that the APB body is strong, and that it just closed under the PAC. Perhaps that TDI angle was still good? I avoided CAD and AUD pairs today due to the news, but I don't know if I would have taken that trade.

Thank you for your explanations.
Had to be me. Someone else might have gotten it wrong.
  • #56,065
  • Apr 20, 2015 8:21am Apr 20, 2015 8:21am
Quoting emmanuel7788
{quote} Clearly seen on your H4 chart, there is consolidation around 1.5000. You should only trade H1 and be careful with London Open.
H1? how to trade in H1 with this method . Cuz from what i know this method suitable to use in H4 . Sorry if my question is stupid TT
Take What You Can , Give Nothing Back
  • #56,066
  • Apr 20, 2015 8:42am Apr 20, 2015 8:42am
Quoting emmanuel7788
{quote} Hi pips29, I use price swings / waves to draw channel. It is a channeling technique taught by Jeffery Kennedy. I find this channeling technique suitabel when i follow the price waves and with the TDI. You will find the explanation in the post link below. Ultimate Technical Analysis Handbook: Channeling technique explained in the pdf : Post#18,884 Anyway, the NZDJPY H1 is a head and shoulders chart pattern. The trend line is the 'neck line'. {image} Some of this...
thanx Emmanuel, will look into it later on
the cautious seldom err....C
  • #56,067
  • Apr 20, 2015 9:18am Apr 20, 2015 9:18am
GBPAUD-H4
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-04-20_20-15-06GBPAUD-H4.png Size: 33 KB
Sad i'm not trying to understand PA
  • #56,068
  • Apr 20, 2015 9:49am Apr 20, 2015 9:49am
Quoting Donquixote
{quote} H1? how to trade in H1 with this method . Cuz from what i know this method suitable to use in H4 . Sorry if my question is stupid TT
You can trade TMS 5-Method in all timeframes.
Please read the thread or at least follow recent posts.

The post with selected links will help you get to know TMS' history and what Trading Made Simple is.
As introduction, go back to the post#55,982 and follow the links.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,069
  • Apr 20, 2015 9:51am Apr 20, 2015 9:51am
EURAUD H1 NYO trade

after LO, market went into narrow range consolidation.
waited for NYO ...
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD week 17 20 Apr NYO trade.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,070
  • Apr 20, 2015 9:52am Apr 20, 2015 9:52am
Quoting emmanuel7788
{quote} You can trade TMS 5-Method in all timeframes. Please read the thread or at least follow recent posts. The post with selected links will help you get to know TMS' history and what Trading Made Simple is. As introduction, go back to the post#55,982 and follow the links.

wow, just read your post with all the links ,
Good job !!!
Guido
Risiko birgt immer auch die Chance.
  • #56,071
  • Apr 20, 2015 10:21am Apr 20, 2015 10:21am
Quoting WDays
Well my trailing to hit, but initially this GJ short was set and forgotten last night as a sell-stop pending order below the last swing low, with an expiration 1 minute before LO, a 50 pip SL and 50 pip TP. I set a 30 pip trailing stop (mt4 built-in one), which eventually trailed it to 7 pips of profit, after price dropped as far as 40 pips from my entry point. I set it so because price was right above the 200EMA (around 40 pips) and despite price making lower swing highs and lows I like being cautious and do not enjoy letting winners turn into...
Hi WDays a win is always good.
  • #56,072
  • Apr 20, 2015 3:14pm Apr 20, 2015 3:14pm
Quoting emmanuel7788
{quote} Hi pipponeur, You are new, so WELCOME! You can go back and reading reading from post#1 or you have the choice to take a fast track approach by reading post#55,982 and follow the links there. quick answers to your questions: 1) The original method is the 5-Method. It works. It will continue to work 100 years from now so long as there is price action and price momentum. 2) You need only two indicators as in the core method. The APB/HA and the TDI. The Stochastics...

hi emmanuel,
thanks 4 taking the time to reply me .. really appreciated!! i will go through all the materials and read all of big e posts.. thanks a lot!!
  • #56,073
  • Apr 20, 2015 3:17pm Apr 20, 2015 3:17pm
Quoting cr1982
Hello Took this sell on AUDUSD: PinBar on 0.78500 PinBar formation on Daily Chart (very clear, even if we miss NY and LO Closing) TDI Cross on Overbought area with a nice angle TP at EMA 200 Senior comments appreciated {image}

Hello

Just made 90 pips by this trade

Maybe for someone it were too risky?

I ask cause i would like to improve my entry decision in a conservative way.
  • #56,074
  • Apr 20, 2015 4:44pm Apr 20, 2015 4:44pm
Quoting emmanuel7788
{quote} Hi, some pointers; - follow your H1 TDI MBL, it shows the next higher TF momentum, - know the H1 and H4 volatility of the currency pairs you trade - use stops and targets based on volatility - know when the best times to place your trades, walk away 'set and forget' works. - have a disciplined a money management strategy and an exit strategy regards,
Hi Emmanuel,

How to check pairs volatility and best times to trade such pairs. Also, how to use 50 & 200 EMAs as S/R. Any example please. Sorry if you have already explained. Thanks.
  • #56,075
  • Apr 20, 2015 5:03pm Apr 20, 2015 5:03pm
Hi Emmanuel,

Are you still using Multiple purpose Trade Management? Is it still one of the best EA as you mentioned.
Sorry if you already reply recently but I'm still working through the thread just up to page 810 now.

Thanks.
  • #56,076
  • Apr 20, 2015 6:54pm Apr 20, 2015 6:54pm
Quoting emmanuel7788
{quote} Clearly seen on your H4 chart, there is consolidation around 1.5000. You should only trade H1 and be careful with London Open.
Dear Emman,

I am watching EU/GU/GN/GA/EA.

But in this GU trade, how should the trade be monitored? If it is in consolidation, are we looking for a breakout and a nice cross?
  • #56,077
  • Apr 20, 2015 6:56pm Apr 20, 2015 6:56pm
Quoting WDays
{quote} Majors you don't need to constantly look at 40 pairs, and you don't need to constantly be in a trade. Try checking 4 pairs every morning - EU, GU, EJ, GJ and be careful not to take a short on EU if GU is going up or vice versa. Be aware that GBP crosses are highly speculative and are moving a lot more often and sometimes further than euros and try to implement that in your trading plan. The way I see it in my backtests, even by picking just one of those 4, you can manage to get between 30 and 100 pips every day, every month with TMS ...

WDays,

Thanks for the advice. I am watching EU/GU/GN/EA/GA but I just keep getting stuck I the consolidation areas.
  • #56,078
  • Edited 8:17pm Apr 20, 2015 8:05pm | Edited 8:17pm
Quoting cr1982
{quote} Hello Just made 90 pips by this trade Maybe for someone it were too risky? I ask cause i would like to improve my entry decision in a conservative way.
http://www.forexfactory.com/attachme...1&d=1429282936

Hi CR,

That was a good H4 trade taken. You spotted the setup with the H4 Pin Bar or Pullback candle is very good.
using the 200EMA as target is also good since there is CONFLUENCE with the BRN 0.7700.

Risk(s):
There will always be risk in every trade. The risk I saw last week was the IMF meeting which was held on sat and Sun. Therefore I would not hold any H4 trade open over the weekend unless the trades were protected.
The other risk which I read was the report about ASIC investigation.
Read the FXtradermagazine, link below.

http://www.fxtradermagazine.com/fore...FX-traders.php

I see AU will move lower to the recent support near 0.7600 since there is a range set by the weekly candle.

See chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 17 BPP Weekly Range.png Size: 57 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,079
  • Edited 4:05am Apr 21, 2015 2:44am | Edited 4:05am
+40 green on a 4-6 TDI Angle on FO, following the breakout of Asian Master Candle and 200 EMA. Action heading out of the overbought zone. Closed in anticipation of red EURO news coming in an hour. Also was not too convinced of momentum since it was heading straight into the black MBL. Trade actually would have hit initial TP but gave it a bit more space and ended up closing it.

Have a good day everyone.

Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 49 KB
Best regards, Zef
  • #56,080
  • Apr 21, 2015 3:13am Apr 21, 2015 3:13am
Quoting birdnest
{quote} WDays, Thanks for the advice. I am watching EU/GU/GN/EA/GA but I just keep getting stuck I the consolidation areas.
My advice to you is to stick to the lower-spread, lower volatility pairs. A EU, GU, EJ or EA pair have good ranges, but aren't nearly as volatile as let's say EN, GN or heck even GJ. Let me tell you that a purely volatile pair that goes all over the map in eradic moves higher and then lower IS NOT the same thing as a pair that just tends to move more pips than others. Not only is spread higher on pairs like GN, but they tend to be a little crazy and that's where you get trapped...

Focus on EU and maybe GU for now, as you can see, every time we get a signal on EU these last few weeks, the move goes on for at least 40 pips. You don't need a billion pips per week to make it... Just look at phx, he's trading almost exclusively EA and he's making a killing every week.

Quoting Next4467
{quote} Hi WDays a win is always good.
Yeah exactly Those trades that don't work out fully and you get taken out for half a dozen or a dozen pips usually pile up over time and before you know it they add up to 50-100 in no time.
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