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Trading Made Simple

  • #60,701
  • Sep 22, 2015 4:38am Sep 22, 2015 4:38am
Three 4H trades i'm currently in at the moment.
Apologies for the non TMS type charts as I've just switched over to cTrader and i'm yet to load up the additional indicators.

I'm no longer using MT4 so I will be looking at linking a new live TMS explorer through Myfxbook soon as Forex Factory don't support cTrader for their trade explorers.
So far I'm up almost +40 pips this week and +370 pips this month using the TMS on the 4H chart

Hope you guys are trading well this week.
Attached Image(s) (click to enlarge)
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  • #60,702
  • Sep 22, 2015 4:54am Sep 22, 2015 4:54am
Sorry to make this request,
but do anyone has an s/r indicator that shows, D1,W1, or so.
My point is an S/R indicator that shows multi-timeframe support and resistance.
I lost a good trade for the fact that EU was on a support, lesson learned.
Now i wish to always check on other timeframe S/R level to add to my analysis.
More green pips to you all.

Regards,
Fesus
Motivation is what gets you started. Habit is what keeps you going
  • #60,703
  • Sep 22, 2015 5:05am Sep 22, 2015 5:05am
Quoting emmanuel7788
{quote} First you must decide which TF you are trading? Where is the best level to place your technical Stop Loss in the TF you want to trade? If your are trading H4, then are your prepared to hold this trade for 2 to 4 days and have your initial SL above Friday's High or Monday's High?
Good day Mr em!!,

Because of previous losses, my account couldn't support a stop loss on h4 that huge so i waited for an opportunity to enter H1 buy order, placed my stop loss on BNL 1.57000, and set my TP on 30 pips and 60 pips on 1.58000 BNL+200 EMA line. I bought after the TDI cross on h1 and h4 and because price bounced from convergence of support lines(weekly low, daily low and 1.56500). I ignored 1.57500 BNL as a resistance line because it is all alone and i could not see anything that will help it keep the price below.

It seems to be retracing now but i hope it will turn out positive soon.

Thank you for your help!
Attached Image (click to enlarge)
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why do we fall? So we can learn to pick ourselves up.
  • #60,704
  • Sep 22, 2015 5:16am Sep 22, 2015 5:16am
Dear Emmanuel,
for me the best entry is on chart B.

One of our rules is to do a multi timeframe analysis and the only pair which D1 closed above Ema 10 is GN.

Moreover, GA has its EMA 50 not enough far upward to ensure enough pips
EA & EN strong resistance above.

Thank you for your time and attention.

Cheers!
Quoting emmanuel7788
Good morning all TMS Folks, Back from the F1 long weekend and well rested. Taking time to reply some PMs and looking at the charts to see how the market traded yesterday. Noting that Japan holidays for 3 days this week. I see a few good H4 setups yesterday and some were good while others did not run 3 to 8 candles. Look at the 4 examples below and following the basic rules - same setups with TDI cross and Stoch confirmation. Which are the 'better' setups which you would have picked? Chart A, B, C and D below. Chart A {image} Chart B {image} Chart...
  • #60,705
  • Sep 22, 2015 5:21am Sep 22, 2015 5:21am
C and D (EUR pairs) were straight into BRN, and MBL sloping down (not visibile on your chart).


Best,
  • #60,706
  • Sep 22, 2015 5:27am Sep 22, 2015 5:27am
Quoting WayneTech
{quote} Good day Mr em!!, Because of previous losses, my account couldn't support a stop loss on h4 that huge so i waited for an opportunity to enter H1 buy order, placed my stop loss on BNL 1.57000, and set my TP on 30 pips and 60 pips on 1.58000 BNL+200 EMA line. I bought after the TDI cross on h1 and h4 and because price bounced from convergence of support lines(weekly low, daily low and 1.56500). I ignored 1.57500 BNL as a resistance line because it is all alone and i could not see anything that will help it keep the price below. It seems to...
Do you have to trade must. Why you want to enter when price has moved so far in 2 hours. That is suicidal. A good retrace and you will be stop out. Look for better opportunity. Have patient. Good opportunity must come.
Sad i'm not trying to understand PA
  • #60,707
  • Sep 22, 2015 5:41am Sep 22, 2015 5:41am
Quoting omonisha
{quote} Do you have to trade must. Why you want to enter when price has moved so far in 2 hours. That is suicidal. A good retrace and you will be stop out. Look for better opportunity. Have patient. Good opportunity must come.
I almost got stopped. I should've also looked at other currencies. EJ and GJ had good setups.
Its a good lesson for me.

Thank You!!
Attached Image (click to enlarge)
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why do we fall? So we can learn to pick ourselves up.
  • #60,708
  • Edited 6:06am Sep 22, 2015 5:55am | Edited 6:06am
Quoting WayneTech
{quote} Good day Mr em!!, Because of previous losses, my account couldn't support a stop loss on h4 that huge so i waited for an opportunity to enter H1 buy order, placed my stop loss on BNL 1.57000, and set my TP on 30 pips and 60 pips on 1.58000 BNL+200 EMA line. I bought after the TDI cross on h1 and h4 and because price bounced from convergence of support lines(weekly low, daily low and 1.56500). I ignored 1.57500 BNL as a resistance line because it is all alone and i could not see anything...
And price has rejected where in the last 3 hours ? It's not just the number it is what has price done at that point in the past.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,709
  • Sep 22, 2015 5:57am Sep 22, 2015 5:57am
Quoting efestus
Sorry to make this request, but do anyone has an s/r indicator that shows, D1,W1, or so. My point is an S/R indicator that shows multi-timeframe support and resistance. I lost a good trade for the fact that EU was on a support, lesson learned. Now i wish to always check on other timeframe S/R level to add to my analysis. More green pips to you all. Regards, Fesus
Hi,
You are far better to draw the lines on your chart manually. It only takes a few minutes and it will teach you a lot more than relying on an indicator.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,710
  • Sep 22, 2015 7:15am Sep 22, 2015 7:15am
GJ +50, took it on LO open, tried to move TP to +100 at the last seconds before hitting TP but t was too fast
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #60,711
  • Sep 22, 2015 7:28am Sep 22, 2015 7:28am
Quoting TheScorpS
GJ +50, took it on LO open, tried to move TP to +100 at the last seconds before hitting TP but t was too fast {image}
Very nice trading TSS. Yes move was very fast
Sad i'm not trying to understand PA
  • #60,712
  • Sep 22, 2015 8:40am Sep 22, 2015 8:40am
GBPUSD-H4
Attached Image (click to enlarge)
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Sad i'm not trying to understand PA
  • #60,713
  • Sep 22, 2015 8:57am Sep 22, 2015 8:57am
Quoting Lookleft
{quote} Hi, You are far better to draw the lines on your chart manually. It only takes a few minutes and it will teach you a lot more than relying on an indicator.
Thank you very much for your help Lookleft,
I have always admired the concept of looking left of one's chart before taking trades.
Today was a rather bad day for me in trade before i neglected my trading management system, now i have official burnt my live account due to that face.
The good news is that, same trade opened on my demo was quite properly handed. the issue i had with EU today was that i traded on Daily support level, though the market still struggled short and that profited my demo account and would have been same for live but i failed by increasing lot size too much and adding more than two order to a loosing position.
My point now is i do need a S/R indicator that shows for MTF, i do not rely on this indicator, its just for me to add caution to trading next time.

Regards,
Festus
Motivation is what gets you started. Habit is what keeps you going
  • #60,714
  • Sep 22, 2015 8:58am Sep 22, 2015 8:58am
another humble request,
do anyone have a MTF indicator of TDI/TMS.
It would be of great help.

Regards,
Festus
Motivation is what gets you started. Habit is what keeps you going
  • #60,715
  • Sep 22, 2015 9:12am Sep 22, 2015 9:12am
Quoting efestus
another humble request, do anyone have a MTF indicator of TDI/TMS. It would be of great help. Regards, Festus
Sorry to hear that festus. Read those losing chart then match with your plan i'm sure you will find your answer. There is no equivalent of chart time. Spend more time on chart. It is advised not to increase lot unless you are confident about that. Trying to recover loss with increase lot's will put you in test with your psychology. Take it slow you will sure go there.
There are plenty of S/R indicator posted here along with TDI. Which one do you need. All is inside the paperclip at the top right of this page. If you like particular indicator use by some member you can click his name and on his profile page check the attached files you will find there.
Sad i'm not trying to understand PA
  • #60,716
  • Sep 22, 2015 9:13am Sep 22, 2015 9:13am
Quoting TheScorpS
GJ +50, took it on LO open, tried to move TP to +100 at the last seconds before hitting TP but t was too fast {image}
Congrats my friend, very nice trade. pls can you share me your indicators and template? What is red color time frames above the chart? Thanks you
  • #60,717
  • Sep 22, 2015 9:16am Sep 22, 2015 9:16am
This was my sell on EU today,
I would have made more on itt, but live account blown affecting my psychologically,
COuld someone go through my entry and help identify the reson why i should not have been in this trade?
I later found out that It was on a Daily Support, but my entry was rather OK to me.

PS. Learn to mange your trade and to greedily increase lots size no matter how certain your are on the market.

Regards.
Festus.
Attached Image (click to enlarge)
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Motivation is what gets you started. Habit is what keeps you going
  • #60,718
  • Sep 22, 2015 9:30am Sep 22, 2015 9:30am
GBPUSD H4 Work In Progress (+150 and counting)
Entry on H1 at break of YL after the rejection from S/R level. Walked the trade up to H4. 50% closed so far for a total of 150 pips with the rest still running. I'll evaluate things at the end of LO/NY sessions and may widen the stops and let it run overnight with the possibility of adding extra positions and walking it up to D1.
Attached Image (click to enlarge)
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Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,719
  • Sep 22, 2015 10:10am Sep 22, 2015 10:10am
I want tell you guys that the TMS system is the BEST in the FF. i offer all follow it very serious. Just follow the rules and will make good green PIPS. THANKS again this system creators. wish you all the green pips.
  • #60,720
  • Sep 22, 2015 10:12am Sep 22, 2015 10:12am
After a rather sad trade today, I gained more experience and learnt my lesson, TMS has being of great help.
Now i wish to share a MTF S/R i would looking for, though a better option is still allowed .
If i had this indicator before entering today's trade, I would have entered a sell but that would be after price had broken the Weekly Support and then a pullback.
though more indicators are welcomed on MTF S/R and also MTF and Multi pair TDI crosses, I have seen someone used it here but unable to find it. Probably Mr Emma could be of help on this subject. @Lookleft, I love you trade i would have done same but for a short period. I still need to learn some things more. and a Dashboard on TMS would be really nice. @Omonisha. Thank you very much also for your support, I really appreciate it alot. I have seen the reason behind my more trade today and also learned a great deal from it.

I have also come to understand something about the market, respect other traders sentiment, I mean respect price and trust the trend until it says otherwise.

Regards,
Festus.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1(4).png Size: 44 KB
Attached File(s)
File Type: mq4 PivotPointsMultitimeframe.mq4   45 KB | 458 downloads
Motivation is what gets you started. Habit is what keeps you going
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