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Trading Made Simple

  • #57,941
  • Jun 15, 2015 11:46pm Jun 15, 2015 11:46pm
Hi Emmanuel,

Do u use weekly and monthly highs & lows as ur S&R or do u also draw it urself on the chart. I also feel that EU maybe good to buy as price is about to break out of the
master candle range on 4hr tf. The only issue I see is the resistance zone around the 1.13 area and the GBP CPI news coming up.


Regards

Dennis
  • #57,942
  • Jun 16, 2015 1:37am Jun 16, 2015 1:37am
Quoting emmanuel7788
{quote} You need to work on your money management strategy for trading different timeframes. It cannot be the same for H1 intraday and 4H swing trading on H4. Defintely cannot be the same for position trading using D1 chart TF. The Entry and Exit strategy has also to be different.
I took a break from trading. I have decided to trade on H4 & D trades which are less stressful and gives more time for analysis.

For EUJPY: In Day charts, it seem to be taking a slight correction before going continuing in an upward trend. I am looking for a break out of 139.47 to continue the buy position for H4 trade.

For GU: In Day charts, it seem to be working its way up too. I am looking for a break out of 139.47 to continue the bull trend for D trade
  • #57,943
  • Jun 16, 2015 2:05am Jun 16, 2015 2:05am
Quoting birdnest
{quote} I took a break from trading. I have decided to trade on H4 & D trades which are less stressful and gives more time for analysis. For EUJPY: In Day charts, it seem to be taking a slight correction before going continuing in an upward trend. I am looking for a break out of 139.47 to continue the buy position for H4 trade. For GU: In Day charts, it seem to be working its way up too. I am looking for a break out of 139.47 to continue the bull trend for D trade
IMO , TMs is the best system in H4 and D1 .
Its simple , effective and gives enough time for anylyzing , often I missed a good entry at " h1 candle open " when I was busy with a call or so for 5 minutes.

I absolutely recomment the H4 and D1 in TMS .
Guido
Risiko birgt immer auch die Chance.
  • #57,944
  • Jun 16, 2015 2:11am Jun 16, 2015 2:11am
Quoting emmanuel7788
{quote} Hi, Good trade! You could have entered on the 2 blue APB candle. (aggressive way like Big E). the Price Action show the swing low when the 1st APB closed and the price bar close above the 5EMA shift+3. see post#57,802 pdf on Swing High / Swing Low regards,
Thanks Emm..
  • #57,945
  • Jun 16, 2015 2:12am Jun 16, 2015 2:12am
Quoting Lookleft
{quote} Hi rabhni, I suggest you either use the Synergy APB Pro with the built in PAC or just the 5ema instead of mixing them. You don't need the Stoch indicator as the TDI gives you the information you need. check this video for how the basics of the APB and TDI are used. http://www.compassfx.com/synergy/web...gy_Method.html Also check out the posts in this thread as there is a lot of valuable information here. cheers PS Don't over trade or get too greedy
Thank you Lookleft.
  • #57,946
  • Jun 16, 2015 2:17am Jun 16, 2015 2:17am
Quoting Sesamstrasse
{quote} IMO , TMs is the best system in H4 and D1 . Its simple , effective and gives enough time for anylyzing , often I missed a good entry at " h1 candle open " when I was busy with a call or so for 5 minutes. I absolutely recomment the H4 and D1 in TMS . Guido

Thanks Sesamstrasse! I feel like I am going on in a right direction finally!
  • #57,947
  • Jun 16, 2015 2:48am Jun 16, 2015 2:48am
Going with the FO bar just went against me big time... Down 6R for the Week already. Still doing so many things wrong here. I'm close to giving up 1H charts
  • #57,948
  • Jun 16, 2015 3:02am Jun 16, 2015 3:02am
Quoting tibovwh
Going with the FO bar just went against me big time... Down 6R for the Week already. Still doing so many things wrong here. I'm close to giving up 1H charts
Which is one reason it has been written here time and time again wait for the LO candle to close unless you can see a definite setup based on PA.
Stick with it and build your confidence up with small safe trades and eventually it will get easier
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,949
  • Jun 16, 2015 3:13am Jun 16, 2015 3:13am
Quoting Pervis
{quote} Hi Grant, The MA I got from S3 (X-Man's Super Simple System) thread and I set it shift to 1. Regards,
Thanks
  • #57,950
  • Jun 16, 2015 3:16am Jun 16, 2015 3:16am
Hi
After the cross has happened and the app have changed colour do you trade straight away on the open of the new candle or wait to see if there is any draw down first.
Thanks
  • #57,951
  • Jun 16, 2015 5:29am Jun 16, 2015 5:29am
GU H1, slowly gaining the confidence to trade H1 charts, closed manually when TDI hooked.......

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Winners Never Quit, Quitters Never Win
  • #57,952
  • Jun 16, 2015 5:37am Jun 16, 2015 5:37am
Is it a valid setup to go Long? or should I wait for better TDI cross?
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  • #57,953
  • Jun 16, 2015 6:39am Jun 16, 2015 6:39am
GBPUSD very interesting move. It retraced to Monday' open (this week's open) and now running up again.
So we are still bullish...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,954
  • Jun 16, 2015 6:52am Jun 16, 2015 6:52am
Quoting dennis4u15
Hi Emmanuel, Do u use weekly and monthly highs & lows as ur S&R or do u also draw it urself on the chart. I also feel that EU maybe good to buy as price is about to break out of the master candle range on 4hr tf. The only issue I see is the resistance zone around the 1.13 area and the GBP CPI news coming up. Regards Dennis

Hi Dennis,

Yes, I use the Weekly and Monthly OHLC as support and resistance.

You are right about 1.13 area. I have a Historical swing level 1.12225 and current market is around this level. That H4 WRB is consolidation range and we need to see PA break above for continuation.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #57,955
  • Jun 16, 2015 7:58am Jun 16, 2015 7:58am
Two quick trades before red news.
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  • #57,956
  • Jun 16, 2015 11:15am Jun 16, 2015 11:15am
Quoting hoperich
Quoting Ballistical
2015 Week 24 - Trade Summary: 4 trades in total: - 0 Wins - 0 BE - 4 Losses After a few weeks of poor performance, things went from bad to worse last week..... Hi Ballistical, I took three trades but without any confidence. It was hard to trade EUR/AUD last week. Only on Fri 50 pips profit hit. Wed -- Enter in Asian. Could be winner; however due to RN and the time of the day made me close manually with few pips. Wed -- LO entry was way too late. I realized as soon as I opened the trade on 5th red candle as max 3 to 8 candles.
...
Thanks for sharing HR,

Its reassuring to know I wasn't the only one that struggled last week!

I had a little more luck today
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Focus on the process and the profits will follow
  • #57,957
  • Jun 16, 2015 2:56pm Jun 16, 2015 2:56pm
@Lookleft, would you mind sharing your CM settings. I use H1 TF and more or less same TP and SL idea. Thanks.
  • #57,958
  • Jun 16, 2015 4:20pm Jun 16, 2015 4:20pm
Quoting Ballistical
{quote}{quote} Thanks for sharing HR, Its reassuring to know I wasn't the only one that struggled last week! I had a little more luck today {image}
Good recovery from last week
Never argue with a fool; onlookers may not be able to tell the difference.
  • #57,959
  • Jun 16, 2015 5:00pm Jun 16, 2015 5:00pm
Quoting Ballistical
{quote}{quote} Thanks for sharing HR, Its reassuring to know I wasn't the only one that struggled last week! I had a little more luck today {image}
Excellent Entry and Exit. Congrats. I missed the move as I was in transit heading to work. HR
  • #57,960
  • Jun 16, 2015 5:38pm Jun 16, 2015 5:38pm
Quoting Ballistical
{quote}{quote} Thanks for sharing HR, Its reassuring to know I wasn't the only one that struggled last week! I had a little more luck today {image}
That wasn't luck, that was preparation.
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