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Trading Made Simple

  • #58,341
  • Jun 26, 2015 3:47pm Jun 26, 2015 3:47pm
Quoting emmanuel7788
Now for some post mortem analysis and study practice using multi timeframe analysis. There is a quiz on H1 TF why that setup should not be taken. If you got the answer, then I think you have already the 'third eye' for trading TMS. Keep working on your 'third eye'. {image} Have Fun trading and learning. The market pays you to learn.
What I see is this:

- Trading towards the 200EMA
- We have WRB, and it looks like the price could break the high of that candle.
- Daily Pin bar is bullish
- BUOB, its meaning is bullish, so...
  • #58,342
  • Jun 26, 2015 6:57pm Jun 26, 2015 6:57pm
These are my trades for EURAUD for last week. One BE trade has been posted earlier and rest are here.

Total = 7 trades
One BE and one loser. Five winners. Total +191 pips in a week using only one pair.

Only regrets on Tues left lots of pips on table. Now I have started using two lots with two position entries with multiple exits. Thanks to Emmanuel for his advice using multi lot entries and exits. Happy trading everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-06-26 19_43_22-EURAUD,H1.png Size: 47 KB
  • #58,343
  • Jun 26, 2015 7:49pm Jun 26, 2015 7:49pm
Quoting hoperich
These are my trades for EURAUD for last week. One BE trade has been posted earlier and rest are here. Total = 7 trades One BE and one loser. Five winners. Total +191 pips in a week using only one pair. Only regrets on Tues left lots of pips on table. Now I have started using two lots with two position entries with multiple exits. Thanks to Emmanuel for his advice using multi lot entries and exits. Happy trading everyone. {image}
Nicely done HR! That is an excellent W/L ratio! Have a good weekend.
Focus on the process and the profits will follow
  • #58,344
  • Jun 26, 2015 7:54pm Jun 26, 2015 7:54pm
Quoting Ballistical
{quote} Excellent trade TSS! Are you using a fixed 50 pip SL? I see your trade survived the drop around 3/4 hours in...
I used different approach in the location of the stop in this trade related to Elliot wave, but basically GJ after setting the divergence and big round number 194.00, I took it while it pull-backed, if my plan is right, then GJ wont make another new swing low, so my stop was 50-60 pips away at that stage

Thanks and good luck into next week
I Have Learned to Take Some Losses to Make Profits
  • #58,345
  • Jun 26, 2015 7:58pm Jun 26, 2015 7:58pm
Quoting hoperich
These are my trades for EURAUD for last week. One BE trade has been posted earlier and rest are here. Total = 7 trades One BE and one loser. Five winners. Total +191 pips in a week using only one pair. Only regrets on Tues left lots of pips on table. Now I have started using two lots with two position entries with multiple exits. Thanks to Emmanuel for his advice using multi lot entries and exits. Happy trading everyone. {image}
Going very good with this kind of trading , and congrats on new multiples entries
I Have Learned to Take Some Losses to Make Profits
  • #58,346
  • Jun 26, 2015 8:01pm Jun 26, 2015 8:01pm
Quoting Lookleft
{quote} Nice trade TSS I was a bit and waited a couple of hours
That was hard to follow, as senior traders call, sometime we need luck on our side Thanks a lot and congrats on the same trade as well
I Have Learned to Take Some Losses to Make Profits
  • #58,347
  • Jun 26, 2015 8:27pm Jun 26, 2015 8:27pm
Quoting Ballistical
{quote} Nicely done HR! That is an excellent W/L ratio! Have a good weekend.
Thank you Ballistical. My entries are almost like yours and I am learning the discipline from you every week . My SL is 30 pips bit higher then yours. Your last trade was exact same entry as mine. These days I am paying more attention towards PA and TDI and dropping all other stuff from chart. Using HL/HH and LH/LL away and towards 200EMA with some success.



All the best next week.
HR
  • #58,348
  • Jun 26, 2015 8:34pm Jun 26, 2015 8:34pm
Quoting TheScorpS
{quote} Going very good with this kind of trading , and congrats on new multiples entries
Hi TSS,

Great trading and I have been observing and learning from your entries and exits. By the way I see color change EMA which seems to be 200EMA on your chart. When you enter on H1, do you use any other filter to trade in HTF direction such as H4 800EMA or only H1 200EMA as equilibrium point. Thanks in advance.

HR
  • #58,349
  • Jun 26, 2015 9:08pm Jun 26, 2015 9:08pm
Hi,

It's weekend time and if you want to spend time and do the quiz on post #58,304.

http://www.forexfactory.com/showthre...75#post8347475

To all of you who have done this quiz, I must thank you for being an active TMS traders here. I like all the answers posted and PMs too.
I see some believe in keeping things simple. Not too many rules and checklist when we trade. That's good.

Let's be patient and wait for more members here to try that quiz and also they will learn the lesson posted this week.

Have a good weekend. Lots of hugs and kisses to your little ones.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,350
  • Jun 26, 2015 9:25pm Jun 26, 2015 9:25pm
Multiple Entries Multiple Exits trading results for week 26 closing.

Closing this week and this month trading during New York session last night. Had to close all trades as my broker is moving my account to another broker. Also the crucial Greece decision on the bailout which can bring some new surprises over the weekend. Too much is at risk with the Euro in the coming week.

Overall the last 3 weeks have been profitable but did not meet my own target.
Total number of 197 trades done in June.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS ME ME trades closed week 24 to 26.png Size: 75 KB


For weeks 24 and 25 results, please see post#57,868 and post#58,085.

Have a Good weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,351
  • Jun 26, 2015 9:35pm Jun 26, 2015 9:35pm
Quoting firas1980
{image} {quote} hi emm this is my chart wht tdi not show and candle chart look like this. thank you sir

Quoting hsn100
{quote} Hi emmanuel7788! I've downloaded the same suit, results are same, no tdi, no candles. Regards, {quote}Thnk u LvCa, got it.

You need to read the instructions at the pipware website on how to install their indicator. Also read all the 43 posts in this thread relating to this 'pipware' (keyword search).
To set up the multi-charts in your MT4 sub-windows 1) with the japanese candlestick chart and 2) with the Traders_Dynamic_Index is actually quite straight forward when you understood the instructions and install each of the sub-windows carefully.

Remember this multi-chart template is not a TMS trading chart proper. It is use for study and follow the MTF analysis much easier without having to switch chart TF back and forth. You can always save this template and have it in your MT4 profile for quick reference.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,352
  • Jun 26, 2015 9:50pm Jun 26, 2015 9:50pm
Quoting moretti12
{quote} I would be happy if you would evaluate my losing trade off the H4 TF Took the signal on a H4 tdi cross off a good support level confirming with a pin bar rejection. - After price moved in my direction i moved my stop loss just below the most recent retracement seen on the 1hr chart... {image} {image}

Hi moretti,

I saw your other post earlier but not want to comment as I fear it would influence your decision when you have open trades running.
This pair is not on my watchlist hence I did not have any Big Picture Plan done before hand.
But when I saw you H4 chart, that setup was valid on the basis that there were recent swing lows acting as support for this setup.
You were buying near the D1 WRB Low which is support and that 200EMA is the confluence which I would usually look for.
When I trade 4H swing on H4 chart TF, I look at the Weekly for the trend and if the trend is nit clear, I use the Weekly candle to for a trading bias.
Next, I look at the Daily chart to see if it is trendin like the Weekly or it is in consolidation.
If you look at the D1 chart now, you will see that it has been sideways for many days.... ~ 10 days. The range is about is about 160 pips and in my selection criteria for 4H swing, this is narrow. Better to trade H1 intraday until there is a breakout into a new trend.

That is enough for 20/20 vision.... only our 'third eye' can see ahead of our two good eyes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,353
  • Jun 26, 2015 10:03pm Jun 26, 2015 10:03pm
Quoting omonisha
EURAUD-H4 {image}

Hi Omonisha,

Your entry was at the high of that price bar... there was no momentum seen with that price bar. that price bar closed a small doji.
I think you placed a buy stop order above that H4 pull back candle, right?

But you got the money.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,354
  • Jun 26, 2015 10:06pm Jun 26, 2015 10:06pm
Quoting hoperich
These are my.......Now I have started using two lots with two position entries with multiple exits. Thanks to Emmanuel for his advice using multi lot entries and exits. Happy trading everyone. {image}
Congrats on your ME/ME strategy, this is what i yet have to work out.

Regards,
Winners Never Quit, Quitters Never Win
  • #58,355
  • Jun 26, 2015 10:15pm Jun 26, 2015 10:15pm
Quoting emmanuel7788
EURAUD H4: is that a pull back candle from 200EMA and BRN 1.4400? wait for H4 candle to close*

here is the chart following my post above on that H4 pin bar.

having PATIENCE is part of the DISCIPLINE we need to be traders.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H4 week 26.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,356
  • Jun 27, 2015 1:02am Jun 27, 2015 1:02am
Hello Big Emm,


"But I trade multiple entries and multiple exits using his 5-Method"



Please, teach me, about your multiple entries and exits 5-metod.
Your is different about Craig Harris.

Regards, dan
  • #58,357
  • Jun 27, 2015 2:02am Jun 27, 2015 2:02am
Quoting emmanuel7788
Now for some post mortem analysis and study practice using multi timeframe analysis. There is a quiz on H1 TF why that setup should not be taken. If you got the answer, then I think you have already the 'third eye' for trading TMS. Keep working on your 'third eye'. {image} Have Fun trading and learning. The market pays you to learn.
1. H4 chart is stronger than H1 Pattern for Long
2. H4 TDI is green above red
3. H1 TDI is wrong for Short Green is above red and above yellow too
4. H1 Price is on previous DOL (S/R area)
  • #58,358
  • Jun 27, 2015 2:44am Jun 27, 2015 2:44am
Quoting Ballistical
2015 Week 26 - Trade Summary: 2 trades in total: - 0 Wins - 1 BE - 2 Losses Really tough week on EA H1 this week. With very little news to move the market, combined with the fact we are well and truly in the summer holiday period, there was lots of sideways movement this time round. The few big moves that did happen, were in many cases, unprecedented and likely to be based on the ongoing Eurogroup meetings and other fundamentals. Two small losses and one break-even trade meant I finished the week with -4% on the account. Monday: I was super busy...
Keep them coming bro and continue the good fight.. same boat as you... I notice that you focus purely on EA.. is this your training pair?

Zz
  • #58,359
  • Jun 27, 2015 2:54am Jun 27, 2015 2:54am
Quoting hoperich
These are my trades for EURAUD for last week. One BE trade has been posted earlier and rest are here. Total = 7 trades One BE and one loser. Five winners. Total +191 pips in a week using only one pair. Only regrets on Tues left lots of pips on table. Now I have started using two lots with two position entries with multiple exits. Thanks to Emmanuel for his advice using multi lot entries and exits. Happy trading everyone. {image}
Love how you use trendlines to your advantages. I see that it gives you distinct advantages on entries. A quick question though. Do you enter on the break of the trendline combined with the TDI cross (after the close of the candle) or on realtime? Bravo on your trading! Share the secrets on your entries if you dont mind

Super trade Scorps!! As always
  • #58,360
  • Jun 27, 2015 3:48am Jun 27, 2015 3:48am
Quoting Ballistical
2015 Week 26 - Trade Summary: 2 trades in total: - 0 Wins - 1 BE - 2 Losses Really tough week on EA H1 this week. With very little news to move the market, combined with the fact we are well and truly in the summer holiday period, there was lots of sideways movement this time round. The few big moves that did happen, were in many cases, unprecedented and likely to be based on the ongoing Eurogroup meetings and other fundamentals. Two small losses and one break-even trade meant I finished the week with -4% on the account. Monday: I was super busy...
Hi Ballistical,
Thanks for the in depth summary, useful as always. It was a strange week with all the pre LO moves on EA due to the Greek effect. Looks like you have come up with the old plan of 'if it ain't broke don't fix it'
Have a good weeks trading
Never argue with a fool; onlookers may not be able to tell the difference.
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