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Trading Made Simple

  • #59,201
  • Jul 27, 2015 2:26am Jul 27, 2015 2:26am
Quoting adikashyap
Dear Emm, Your thoughts plzzzzzzzzzz ... Yes ... on Your advice, I have all those areas marked on all my trading pairs ... {file}

Hi,

too much words to read and picture on my chart.
It would be better you write these onto your chart and use that as your weekly trade plan.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,202
  • Jul 27, 2015 2:30am Jul 27, 2015 2:30am
Quoting sEit89
{quote} Thank you ZeF, I have read this several times. Maybe is not the perfect trade due to de Stoch (oversold market). What is your opinion?
Depending on what Indicators you use, signals are mixed. I always try to check price action first and then look at indicators if they show the same thing. Right now PA doesn't look right so whatever the TDI shows, I won't buy into it.
Best regards, Zef
  • #59,203
  • Jul 27, 2015 2:32am Jul 27, 2015 2:32am
Quoting Davit
{quote} Hi Emmanuel Suppose he buys and price drops 100pips.Does he take the loss or ride it out assuming uptrend is intact. Suppose oversold Aussie runs for 300pips south in light of weak Euro.Does one still buy? My understanding of TMS is one goes with the flow.PA goes south we go south PA goes north we go north.It sounds like you are hinting more like position trader. Correct me if I misunderstood you Regards

Hi Davit,

I am trading the higher TF charts looking at Monthly, then Weekly. I use the D1 and H4 to look for entry levels and also where I can build up positions in the direction of the higher TF.

Below charts of EURAUD.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD MN BPP week31.png Size: 68 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD W1 BPP week 31.png Size: 70 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 4H Swing trades w MEME week 31.png Size: 58 KB


Update: EA just broke higher so I took +100pips and make a new re-entry.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,204
  • Jul 27, 2015 3:10am Jul 27, 2015 3:10am
Quoting emmanuel7788
{quote} Hi fulltilt, That depends on the chart TF and the market type you are trading in. When we use the 2-bars look back to place our stop loss, we are in the trending market or when there is a breakout of a range. however, when we are trading in a range, for example when we are trading withing the high-low of a Wide Range Bar WRB, we should place out stop loss either above the WRB high for sell or below the WRB low for buy. for either of the above cases, for trades on chart TF D1 and below, always check the ADR of the pair and compare which is...
thanks Emmanuel, which BE condition would you recommend:
- TDI green is crossing the lower/higher band
- R1 and S1 levels
Regards
  • #59,205
  • Jul 27, 2015 3:13am Jul 27, 2015 3:13am
Quoting LazyTrad3r
{quote} What for EMA do you use here in this picture? EMA 200 and?? Thx a lot. Lazy

LazyTrad3r;

I use 200 and 50 ema
use 50 just for putting tp and sl ( H1 H4 ) and for intermediate trend !

Regards
  • #59,206
  • Jul 27, 2015 3:16am Jul 27, 2015 3:16am
EU D1 entry signal on PA, TDI. However entry was done on H4 chart on retracement and confluence of 3 factors - RN, S/R and candle formation. TP 200 pips away on RN.

Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 78 KB
Best regards, Zef
  • #59,207
  • Jul 27, 2015 3:27am Jul 27, 2015 3:27am
Quoting fulltilt
{quote} thanks Emmanuel, which BE condition would you recommend: - TDI green is crossing the lower/higher band - R1 and S1 levels

it has to depend on the market condition we see on the chart.
there cannot be a generic type of answer to setting SL and TP.
we can have some general rules which we follow as basics, like using recent swing high/swing low, 2xATR(chart TF period), prvious Day high/low, etc.
but all these still needs us to look at the prevailing market condition.

never never use the daily fibo R1 and S1 becasue these levels depends on the previous Day range. If the previous Day range was small/narrow, then these R1 and S1 are very close to its Pivot. If the previous Day was wide range, the R1 and S1 are much further from its Pivot.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,208
  • Jul 27, 2015 3:41am Jul 27, 2015 3:41am
Attached Image (click to enlarge)
Click to Enlarge Name: my.jpg Size: 196 KB
mia san mia since 1900
  • #59,209
  • Jul 27, 2015 3:48am Jul 27, 2015 3:48am
EA H1 Buy London Open 27-07-15

Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 Buy 270715.png Size: 185 KB


Kindest Regards
  • #59,210
  • Jul 27, 2015 3:50am Jul 27, 2015 3:50am
Quoting farhad10
{quote} Dimi.A; Look at these pics and explanations! regards {image} {image} {image}
Beautiful explanations mate.
  • #59,211
  • Jul 27, 2015 3:55am Jul 27, 2015 3:55am
Quoting emmanuel7788
{quote} it has to depend on the market condition we see on the chart. there cannot be a generic type of answer to setting SL and TP. we can have some general rules which we follow as basics, like using recent swing high/swing low, 2xATR(chart TF period), prvious Day high/low, etc. but all these still needs us to look at the prevailing market condition. never never use the daily fibo R1 and S1 becasue these levels depends on the previous Day range. If the previous Day range was small/narrow, then these R1 and S1 are very close to its Pivot. If the...

ok, so I guess SL was set too small in this case ... moved SL on S1 5pips from entry
GBPNZD H1
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 31 KB
Regards
  • #59,212
  • Jul 27, 2015 4:03am Jul 27, 2015 4:03am
Iteresting look

Which levels are serious?
- psy (round numbers)
- DOL (not sure, but many traders respect)
- pivot (anybody use at TMS?)
- previous day/week/month H, L
- ADR
- ... ?

At every point on every TF we are near lots of levels. Lots.
Which of them are realy serios?
Just an opinion. Based on research
  • #59,213
  • Jul 27, 2015 4:07am Jul 27, 2015 4:07am
Quoting since80808
Iteresting look Which levels are serious? - psy (round numbers) - DOL (not sure, but many traders respect) - pivot (anybody use at TMS?) - previous day/week/month H, L - ... ? At every point on every TF we are near lots of levels. Lots. Which of them are realy serios?
since80808;

Try not to complicate it !

Use 200 ema and previous day/week/month H, L
Daily open line ( DOL ) just to know open price and not to trade toward it!

Then when you get used to these levels, you can add anything you want but try to trade as simple as possible!
some of levels are just temporary levels, price reacts then continue !
just try to trade with trend.

Regards
  • #59,214
  • Jul 27, 2015 4:10am Jul 27, 2015 4:10am
EURCAD has just crossed up. The TDI angle fits inside the 12-2 o'clock range so I'm all for long.

Just going to do a quick scalp 20-30 pips and hopefully get out before the news at 10:30pm Sydney time. Good luck to you guys as well if you are currently in a long position. SL is set 100 pips away at 1.42971 TP is 1.45083. But will take profit once it hits 20-30 pips.
Attached Image (click to enlarge)
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  • #59,215
  • Jul 27, 2015 4:18am Jul 27, 2015 4:18am
Quoting Dimi.A
EURCAD has just crossed up. The TDI angle fits inside the 12-2 o'clock range so I'm all for long. Just going to do a quick scalp 20-30 pips and hopefully get out before the news at 10:30pm Sydney time. Good luck to you guys as well if you are currently in a long position. SL is set 100 pips away at 1.42971 TP is 1.45083. But will take profit once it hits 20-30 pips. {image}
Dimi.A;

Look at the pic !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCAD#H1.JPG Size: 148 KB
Click to Enlarge Name: EURCAD#Daily.png Size: 49 KB
  • #59,216
  • Jul 27, 2015 5:04am Jul 27, 2015 5:04am
Hi Farhad and thank you for your advice!

Quoting farhad10
{quote}open price and not to trade toward it
But what to do if the higher TF trend is in the direction of DOL toward?


For example, here D1, W1 and Mn1 are in downtrend, EMA is higher, but DOL is lower. What is the priority: DOL or higher TF trend?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1.png Size: 27 KB
Just an opinion. Based on research
  • #59,217
  • Jul 27, 2015 5:19am Jul 27, 2015 5:19am
Quoting since80808
Hi Farhad and thank you for your advice! {quote} But what to do if the higher TF trend is in the direction of DOL toward? For example, here D1, W1 and Mn1 are in downtrend, EMA is higher, but DOL is lower. What is the priority: DOL or higher TF trend? {image}
since80808;

DOL, most of times acts like a supp or res !
at these times, you should wait for price to break above or below DOL !

In your example, you are trading in consolidation!
Let price finds its way toward trend and then pull the trigger !
Look at the pic :
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY#H1.JPG Size: 147 KB
  • #59,218
  • Jul 27, 2015 6:13am Jul 27, 2015 6:13am
Quoting farhad10
{quote} Dimi.A; Look at the pic ! {image} {image}
Yes, nice spotting. That's why I scalped this one. Closed it at 16 pips profit
Knowing that the TDI was on a strong angle on the 4H I knew it would go my way at least 20 pips before retracing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCADH4 27.07.15.png Size: 44 KB
Click to Enlarge Name: EURCADH4 16 PIPS 27.07.15.png Size: 43 KB
  • #59,219
  • Jul 27, 2015 6:16am Jul 27, 2015 6:16am
EURAUD H12 in a good overbought position at RN .52, with CD leg longer than AB, signaling overbought situation. OB confirmed by TDI and Stochs.

This is what I look for in term of trade entries. 3 confluences at Round Number. This is a trade setup as soon as I get a decent candle color change.

Attached Image (click to enlarge)
Click to Enlarge Name: EA.png Size: 61 KB
Best regards, Zef
  • #59,220
  • Jul 27, 2015 6:33am Jul 27, 2015 6:33am
EA +76 pips PA moving above the DOL, above 200 EMA, above 50EMA.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 27 KB
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