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Trading Made Simple

  • #57,721
  • Jun 9, 2015 3:52am Jun 9, 2015 3:52am
Quoting emmanuel7788
{quote} well, only buyers and sellers move the market. when we sellers overcome the buyers, we see the price move down. but we are trading the 5-Method. we look at the PA all the time. when we see the TDI cross down, that confirms the PA. when we see a price bar/APB close below the 5EMA, Typical price, Shift+3, that is our 5-method Setup candle. that is the simplicty of the 5-Method but learning the PA is the biggest challenge for most traders here.\ and remember what Big E said many times: '''..PA always returns to previous hi and lo...'' http://www.forexfactory.com/showthre...99#post4666699...


Incredible how easy you explain the point .
Good job!
Guido
Risiko birgt immer auch die Chance.
  • #57,722
  • Jun 9, 2015 3:53am Jun 9, 2015 3:53am
Quoting birdnest
I have been quite profitable in some weeks but ultimately I just have to declare to date, I have the most "fabulous" drawdown season of my entire trading journey.

what is important is the take-away lessons you learn from this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,723
  • Jun 9, 2015 4:17am Jun 9, 2015 4:17am
Quoting emmanuel7788
{quote} what is important is the take-away lessons you learn from this.

an expensive one also.

But TMS is truly working in trend trading but what caught me was failing to honour the resistance lines and getting caught up in range tradings thereafter.

Some things just seem to hard to unlearn.


I need to take time off charts. I just am staring at M5 hoping for a sweet chance which is not doing any good for me
  • #57,724
  • Jun 9, 2015 4:33am Jun 9, 2015 4:33am
Quoting emmanuel7788
{quote} well, only .....PA is the biggest challenge for most traders here.
Hi emmanuel7788: Yes i agree PA is the most vital problem that i'm confronting too especially in trading hourly charts. what do you recommend for better understanding vis-a-vis PA, any readings, videos or something like that?

Regards,
Winners Never Quit, Quitters Never Win
  • #57,725
  • Jun 9, 2015 4:34am Jun 9, 2015 4:34am
Quoting Pervis
Catch some pip this week, I was only looking for short trade on GU, and one more EJ trade at Tuesday {image} {image}
Hi Pervis
Can you tell me what the moving average is that you are using instead of the PAC
Thanks
  • #57,726
  • Jun 9, 2015 5:10am Jun 9, 2015 5:10am
Hi all senior traders! I'm posting a chart. Any suggestions/recommendations plz!

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Winners Never Quit, Quitters Never Win
  • #57,727
  • Jun 9, 2015 5:32am Jun 9, 2015 5:32am
Quoting hsn100
Hi all senior traders! I'm posting a chart. Any suggestions/recommendations plz! {image}

You trade into a support area.
And your SL is much larger than the support area .. about 1:2?? .... 1:3 ?? ,
if it bounces back .. takes your SL and breaks then the line ?? I have no idea.
Look at the priceaction , what says the TDI when it bounces at the vola bands.

Id look at the TDI after I watched the priceaction and the area of the support would be on the way down .
hope it helped
Guido
Attached Image
Risiko birgt immer auch die Chance.
  • #57,728
  • Jun 9, 2015 5:48am Jun 9, 2015 5:48am
Today's 2 trades bring me about 70 pips
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  • #57,729
  • Jun 9, 2015 5:53am Jun 9, 2015 5:53am
bounce Trade ... anyone got this?
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  • #57,730
  • Jun 9, 2015 5:54am Jun 9, 2015 5:54am
Quoting Sesamstrasse
{quote} You trade into a support area. And your SL is much larger than the support area .. about 1:2?? .... 1:3 ?? , if it bounces back .. takes your SL and breaks then the line ?? I have no idea. Look at the priceaction , what says the TDI when it bounces at the vola bands. Id look at the TDI after I watched the priceaction and the area of the support would be on the way down . hope it helped Guido {image}
yeah absolutely I'm near to support area, thnx a lot

Regards,
Winners Never Quit, Quitters Never Win
  • #57,731
  • Jun 9, 2015 5:56am Jun 9, 2015 5:56am
usdcad 50pips down, entered long after bullish engulfing pattern from support zone, nice tdi cross angle but price retraced 50 pips..luckyily 0.01 lots position..
Any suggestion or recommendation from senior member or more experienced one would be nice.
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  • #57,732
  • Jun 9, 2015 6:14am Jun 9, 2015 6:14am
Quoting faust91
usdcad 50pips down, entered long after bullish engulfing pattern from support zone, nice tdi cross angle but price retraced 50 pips..luckyily 0.01 lots position.. Any suggestion or recommendation from senior member or more experienced one would be nice. {image}
Why don't you use the moving average you got on your chart. Just take a look at the slope (up or down)
the cautious seldom err....C
  • #57,733
  • Jun 9, 2015 6:36am Jun 9, 2015 6:36am
Quoting pips29
{quote} Why don't you use the moving average you got on your chart. Just take a look at the slope (up or down)
Well trough this thread i see that traders put more weight on tdi, price action, S&R levels etc.. I noticed that some senior traders don`t even use MA, Mespecially when they trade breakouts. When i entered in a position MA was flat.
  • #57,734
  • Jun 9, 2015 6:37am Jun 9, 2015 6:37am
i want to sell but its above 200 ema..

and i think i know what cause this movement, its becuz this:
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its those candle pattern (double bottom if i not wrong)

am i right?
Take What You Can , Give Nothing Back
  • #57,735
  • Edited 7:05am Jun 9, 2015 6:50am | Edited 7:05am
@donquixote
think it will go 1150 level


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  • #57,736
  • Jun 9, 2015 7:09am Jun 9, 2015 7:09am
Quoting Donquixote
i want to sell but its above 200 ema.. and i think i know what cause this movement, its becuz this: {image} its those candle pattern (double bottom if i not wrong) am i right?
Don,
zoom out your trading TF to max...and based on your rules, decide there what are you going to be - a buyer or a seller. Once you establish that, rest is discipline...

Attached Image
Best regards, Zef
  • #57,737
  • Jun 9, 2015 7:20am Jun 9, 2015 7:20am
Quoting Donquixote
i want to sell but its above 200 ema.. and i think i know what cause this movement, its becuz this: {image} its those candle pattern (double bottom if i not wrong) am i right?
I took a short position here because we were breaking a WRB on my 4H chart. I might have jumped the gun but I still like me trade as there is considerable room to the downside so I'm staying in
  • #57,738
  • Jun 9, 2015 7:23am Jun 9, 2015 7:23am
Quoting najmul.djd
Today's 2 trades bring me about 70 pips{image}{image}
I took the EURJPY trade for some nice pips but in hindsight I don't know why I'm out of the trade already. TDI 1H not giving any exit and target is clearly around 139
  • #57,739
  • Edited 7:39am Jun 9, 2015 7:28am | Edited 7:39am
Quoting Lookleft
EURAUD h1 +160 (+30+60+70) {image} EURUSD h1 +150 (+30+60+60) {image} EURJPY h1 +80 (+30+50) {image}
Hi Lookleft

what EMA are your yellow lines on Chart?
  • #57,740
  • Jun 9, 2015 7:35am Jun 9, 2015 7:35am
Quoting tibovwh
{quote} I took the EURJPY trade for some nice pips but in hindsight I don't know why I'm out of the trade already. TDI 1H not giving any exit and target is clearly around 139
you right ... but i think market will go consolidation state at 139.50 level...
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