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Trading Made Simple

  • #58,721
  • Jul 13, 2015 7:40am Jul 13, 2015 7:40am
EA Sell H1 13-07-15

Overall trend on EA
Attached Image (click to enlarge)
Click to Enlarge Name: EA overall trend is bullish 130715.png Size: 153 KB


EA sell on H1
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 Sell PT hit 130715.png Size: 200 KB


Explanation of the trade:
1. Waited for the PA to break Asian session low
2. Waited for the PA to break and close below heartline of channel AB
3. Trade away from DOL

Profit target was set as per the following points:
1. Low of the channel AB
2. Prev week 50% fib level

The above two confluences gave good ideas for PA to act as support.


Kindest Regards
  • #58,722
  • Jul 13, 2015 7:57am Jul 13, 2015 7:57am
Quoting emmanuel7788
{quote} Hi tibovwh, good post. clean charts and simple trade plan. I have a slightly different view looking at the Weekly chart. D1 is sideways with that WRB/Master Candle[3]. {image} I have 2 open positions. Trade Well.
Hi Emmanuel, I am trying to get why yo took that ME/ME trade. So, the 4H bullish candle formed a hook, and is that why you took the trade ?. It looks like that 4H bullish candle is a WRB, that's also why yo took the entry in the 15 min chart, right ?, and in the 15 m in chart the green line crossed the red one, and then you opened one more position almost at the close of the day on Friday, when the green line crossed the red one again.

So, basically, that's why you always split your 1% in ME/ME, because there's always the possibility that you took the entry too early, and if that happens, you just add one(or continue adding more) position if the price goes in the other direction.

When do you consider it is time to stop opening more positions, I mean when you see the price will not go into the direction you foresaw it was going to go.
  • #58,723
  • Edited 8:13pm Jul 13, 2015 10:20am | Edited 8:13pm
Hi All,

I use the indicators which is recommended on page 1 (except the stochastic).

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 42 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1a.png Size: 37 KB


Open a sell position based on:
1. Price bounced back from a resistance area nearby Round Number 1.1200
2. Price closed with strong bearish engulfing candle
3. Green TDI have crossed Red TDI
4. APB Red candle have closed below 5 MA

A bit risky because open sell position on a resistance/support area nearby Round Number 1.1100.

Did I do the right thing according to the TMS rule?

Any comment will be appreciated....

Regards..
  • #58,724
  • Jul 13, 2015 10:41am Jul 13, 2015 10:41am
Quoting Amao
Hi All, I use the indicators which is recommended on 1 page (except the stochastic). {image} {image} Open a sell position based on: 1. Price bounced back from a resistance area nearby Round Number 1.1200 2. Price closed with strong bearish engulfing candle 3. Green TDI have crossed Red TDI 4. APB Red candle have closed below 5 MA A bit risky because open sell position on a resistance/support area nearby Round Number 1.1100. Did I do the right thing according to the TMS rule? Any comment will be appreciated.... Regards..
Hi Amao,

for me is a great entry.

  • #58,725
  • Jul 13, 2015 10:54am Jul 13, 2015 10:54am
I'm looking at another USD pair namely USDJPY. It goes against my USDCAD trade in terms of correlation (I'm building shorts USDCAD) but we'll see how it goes. it's still on demo account and still learning.

For taking profit I'm looking at BRN's and Structure high's on 4H .24 .255

Best,
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 159 KB
  • #58,726
  • Jul 13, 2015 8:00pm Jul 13, 2015 8:00pm
Quoting elfanta
{quote} Hi Emmanuel, I am trying to get why yo took that ME/ME trade. So, the 4H bullish candle formed a hook, and is that why you took the trade ?. It looks like that 4H bullish candle is a WRB, that's also why yo took the entry in the 15 min chart, right ?, and in the 15 m in chart the green line crossed the red one, and then you opened one more position almost at the close of the day on Friday, when the green line crossed the red one again. So, basically, that's why you always split your 1% in ME/ME, because there's always the possibility that...

Hi elfanta,

My view on USDCAD has been bullish since the past 3 weeks and until I see a bearish weekly candle close then I will update my Big Picture Plan. It will take at least 3 day candles to reverse this pair. Therefore staying on the buying side with position building is the better option.

To answer the rest of your questions, please see a page taken out of my notes.
Attached File(s)
File Type: pdf TMS II doc ME_ME notes.pdf   184 KB | 3,026 downloads


You need to work the position sizing on a spreadsheet like MS Excel.

We all read Eric posts and we know he traded with single entry and single exit. he did not like trading the day chart because of his entry and exit style and he did not like when there is pullback in the price especially when trading the day chart.
Just do a keyword search on his profile page, you will find 16 results on "pullback". You will read what he said about price pullbacks. On the other hand, he encouraged other who have day jobs to trade H4 and Day.

got to go now, it's passed my bedtime in the UK time zone.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,727
  • Jul 13, 2015 8:11pm Jul 13, 2015 8:11pm
Quoting toscano
{quote} Hi Amao, for me is a great entry.
Hi Toscano, thanks for your comment. I am still learning here and need a lot of practices....
  • #58,728
  • Jul 13, 2015 8:11pm Jul 13, 2015 8:11pm
USDCAD week ME/ME trades update 14 Jul:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD week 29 MEME 14 Jul update.png Size: 51 KB


taking small profits using 0.2% risk per trade while market is in sideways tight range.
the trend was bullish and ran into consolidation.
there is no point building short positions in such market type.
we build shorts after a bearish trend and when market is in consolidation.
building shorts in anticipation of a bearish reversal after a bullish trend is riskier.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,729
  • Jul 13, 2015 8:12pm Jul 13, 2015 8:12pm
Quoting tibovwh
I'm looking at another USD pair namely USDJPY. It goes against my USDCAD trade in terms of correlation (I'm building shorts USDCAD) but we'll see how it goes. it's still on demo account and still learning. For taking profit I'm looking at BRN's and Structure high's on 4H .24 .255 Best, {image}

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,730
  • Jul 13, 2015 8:15pm Jul 13, 2015 8:15pm
Quoting Amao
Hi All, I use the indicators which is recommended on page 1 (except the stochastic). {image} {image} Open a sell position based on: 1. Price bounced back from a resistance area nearby Round Number 1.1200 2. Price closed with strong bearish engulfing candle 3. Green TDI have crossed Red TDI 4. APB Red candle have closed below 5 MA A bit risky because open sell position on a resistance/support area nearby Round Number 1.1100. Did I do the right thing according to the TMS rule? Any comment will be appreciated.... Regards..

you got the basic idea ...

just follow the Price Action where there is Support and Resistance, wait for that Price which has Momentum= $money
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,731
  • Jul 13, 2015 8:26pm Jul 13, 2015 8:26pm
Quoting pwnstars
{quote} Hi emmanuel... I have a few questions for you... - when you talk about following the weekly and daily candle... are you talking about the previous that has closed or the one that is currently running? - Why did you place your first order at the new day open? is there any particullar reason for that? - How did you decide where to put orders? is it determined by a certain fib. retracement number or grid distance? - Is your initial stops a fixed distance or simply below the last swing and are you willing to let price take you out at it? - last...

Hi,

let me know if my post#58,729 above answer your questions.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,732
  • Jul 13, 2015 8:32pm Jul 13, 2015 8:32pm
Quoting emmanuel7788
{quote} you got the basic idea ... just follow the Price Action where there is Support and Resistance, wait for that Price which has Momentum= $money
Hi Emmanuel..... thanks for your comment....

I notice that you have a multiple time frame candlestick and tdi indicator as per picture below:

Attached Image


Could you please share it.....
  • #58,733
  • Edited Jul 14, 2015 12:39am Jul 13, 2015 10:31pm | Edited Jul 14, 2015 12:39am
Quoting hsn100
{quote} Hi LazyTrder3r! Please read the above-mentioned post ,i.e, Post#57,857. Hope this helps Regards,
thx for your help. This is a good stuff to beginning for me. But i dont read any facts about the blue line and the yellow in the Synergy Pro TDI. You got some Notices?

And why dont use stochastic in combination with Synergy Pro TDI?

Lazy
mia san mia since 1900
  • #58,734
  • Jul 13, 2015 10:46pm Jul 13, 2015 10:46pm
Quoting emmanuel7788
{quote} Hi Dehyah, sorry I am not able to put the BB in the min-charts. your can contact Stratman at his pipware website. regards,

Thanks emmanuel7788
With God all things are possible.
  • #58,735
  • Jul 14, 2015 12:39am Jul 14, 2015 12:39am
Quoting Amao
{quote} Hi Toscano, thanks for your comment. I am still learning here and need a lot of practices....
Hi Amao,

I see this trading system inly this wee end and i'm studying too. Other trader's posts are a lossons for me.

Bye.
  • #58,736
  • Jul 14, 2015 1:43am Jul 14, 2015 1:43am
Hi Folks

Is this PDF about the Synergy TDI the latest?
Attached File(s)
File Type: pdf SYNERGY_Basic.pdf   1.8 MB | 685 downloads


Greez Lazy
mia san mia since 1900
  • #58,737
  • Jul 14, 2015 2:16am Jul 14, 2015 2:16am
Iran, World Powers Have Reached Nuclear Agreement
  • #58,738
  • Jul 14, 2015 2:25am Jul 14, 2015 2:25am
Quoting LazyTrad3r
{quote} thx for your help. This is a good stuff to beginning for me. But i dont read any facts about the blue line and the yellow in the Synergy Pro TDI. You got some Notices? And why dont use stochastic in combination with Synergy Pro TDI? Lazy
Hi LazyTrad3r! Here you go. (it's also available in paperclip)
Attached File(s)
File Type: pdf Synergy_Pro_Ebook_v.5.12(USER_GUIDE).pdf   2.8 MB | 989 downloads


Some traders use Synergy pro TDI only and some use stochastic along with it. My suggestion is to check yourself what works for you.
Regards,
Winners Never Quit, Quitters Never Win
  • #58,739
  • Jul 14, 2015 2:45am Jul 14, 2015 2:45am
Quoting hsn100
{quote} Hi LazyTrad3r! Here you go. (it's also available in paperclip) {image} Some traders use Synergy pro TDI only and some use stochastic along with it. My suggestion is to check yourself what works for you. Regards,
Thx for the PDF i will read it now.
And I will Check too what is the better way for me. With Stochastic or without. The Time will show me the right way.
Thx @all here for helping me.

Lazy
mia san mia since 1900
  • #58,740
  • Jul 14, 2015 2:46am Jul 14, 2015 2:46am
Quoting farhad10
Iran, World Powers Have Reached Nuclear Agreement
Congratulations to Iran, US and other world powers. War is no solution to any problem. Peace must be given first priority.
Winners Never Quit, Quitters Never Win
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