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Trading Made Simple

  • #61,461
  • Oct 13, 2015 9:14am Oct 13, 2015 9:14am
Quoting freebeans
Here is a trade I took yesterday. Any comments would be appreciated. {image}
Looks good to me, dont ever worry about getting out to soon, you will drive yourself crazy, its money in the bank.
  • #61,462
  • Oct 13, 2015 9:50am Oct 13, 2015 9:50am
Quoting Ballistical
{quote} I'm the opposite, I struggled for many months to trade this system on H4 as Big E described... others seemed to be consistently making pips and I just wasn't... My turning point was switching to H1 and following Phx62's take on TMS. Other traders like TSS, LL and many more also successfully follow similar methodology in their trading. This just highlights the importance of finding what works for you...
  • #61,463
  • Oct 13, 2015 10:19am Oct 13, 2015 10:19am
Quoting robuk
{quote} Great trade Os , It looks like you took the trade just on PA as TDI has not crossed ( but does have a V reversal ){image}, can you confirm please or maybe I have it all completely wrong . I feel that TdI is sometimes a bit of a hindrance rather than a help , and I notice that my TDI is flat , don't look at all like yours .
Hi robuk thanks m8

Here is the image. Divergence RN Price action Pattern and the cross on H1 at 68 area.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-13_23-11-13GBPNZD_TRADE.png Size: 71 KB
Sad i'm not trying to understand PA
  • #61,464
  • Oct 13, 2015 12:52pm Oct 13, 2015 12:52pm
lost -35 pip even though every things looks good to me
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 115 KB
Take What You Can , Give Nothing Back
  • #61,465
  • Oct 13, 2015 1:37pm Oct 13, 2015 1:37pm
i also took the aud/usd trade yesterday. I didnt post been busy all day. I got in and out quik because the long term trend is up on daily and weekly. I figured it would pullback like it did then resume higher. Was not expecting it to drop that much.
Attached Image (click to enlarge)
Click to Enlarge Name: aus_usd.png Size: 76 KB
  • #61,466
  • Oct 13, 2015 3:06pm Oct 13, 2015 3:06pm
Quoting Freefox
{quote} Thanks for that - helps me understand your analysis, though I don't necessarily agree with your interpretation of Price Action. At the time it wasn't consolidating at all, plus I think you are adding some factors/conditions that just weren't in eelfranz's original rules at all or just personal interpretation. I think there is a danger of reading into the charts whatever we want to see at times and hence the results can be impacted by our own experience/skill level. Not a criticism, just an observation about all traders. We can see the results...

You observation is correct.

Good Luck to you in trading made simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,467
  • Oct 13, 2015 3:13pm Oct 13, 2015 3:13pm
Quoting coldvinc
{quote} Could you clarify what you mean by ME/ME trades?

Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912

Money Management Strategy for TMS: Post#48,008

Using Multiple-Lot Positions to Improve trading TMS: Post#33,507
Entry and Exits ... Post#19,617
How to Build a Position: Post#19,588
Multi-Lots Buy/Sell scripts : Post#55,407
Multiple Entries / Multple Exits for Day chart trading: Post#58,726
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,468
  • Oct 13, 2015 3:35pm Oct 13, 2015 3:35pm
GBPCAD D1 chart:


sideways for days.
it was undecided yesterday, when will it pop?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD week 44 D1 Pop Gun.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,469
  • Oct 13, 2015 3:51pm Oct 13, 2015 3:51pm
Quoting omonisha
{quote} Hi robuk thanks m8 Here is the image. Divergence RN Price action Pattern and the cross on H1 at 68 area. {image}
Hi Omonisha,

You took that H4 big candle very nicely and the way you use the 68-over bought OB level in H1 is super .....

Folks, when you want to use the TDI(RSI) 32 and 68 level fro trading decision, this is how you pick the setups at 68 or 32 levels.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,470
  • Oct 13, 2015 5:44pm Oct 13, 2015 5:44pm
Sorry I havent introduced myself. I have been a member for a number of years, just busy doing other things. I actually was a member when eelfranz was alive. Even sent him an email once. Emmanuel is doing a good job, I know BigE would be proud. Keep on pippin.
  • #61,471
  • Oct 13, 2015 6:24pm Oct 13, 2015 6:24pm
Quoting emmanuel7788
{quote} there is no confirm D1 setup candle APB#1 because today candle has not closed. H4 was a good counter trend trade.
Stalked the USDCAD today and think it still needs some watching to see the PA on the bullish confirmation.

EURAUD is on bullish trend in D chart. Will wait for a good retracement in H4 and enter again.
GBPAUD sane sentiments as well. But will take on EURAUD for a better chance.

Going to stay out the EURUSD and GBPUSD pair.

**I am trading on trend on the D and H4 chart. Seeing more results now as I trade lesser.
  • #61,472
  • Oct 13, 2015 6:28pm Oct 13, 2015 6:28pm
Quoting omonisha
{quote} Hi robuk thanks m8 Here is the image. Divergence RN Price action Pattern and the cross on H1 at 68 area. {image}
Omonisha,

When you trade H1 frame, do you see divergence in both H1 and H4 to confirm the A+++ setup?
  • #61,473
  • Oct 13, 2015 6:52pm Oct 13, 2015 6:52pm
Quoting omonisha
{quote} Hi robuk thanks m8 Here is the image. Divergence RN Price action Pattern and the cross on H1 at 68 area. {image}
Thanks Os for your very helpful and clear explanation , I am hoping that someday I will be able to ''see'' like you ( and the other experts ) can .
  • #61,474
  • Oct 13, 2015 9:42pm Oct 13, 2015 9:42pm
Quoting emmanuel7788
{quote} Hi Omonisha, You took that H4 big candle very nicely and the way you use the 68-over bought OB level in H1 is super ..... Folks, when you want to use the TDI(RSI) 32 and 68 level fro trading decision, this is how you pick the setups at 68 or 32 levels. regards,
Hi Emmanuel,

In my observation, setups at 68 and 32 levels are usually get to bad trades and are also against rule of the Synergy method. Do you mean by your quote above, that setups at 68 and 32 are good trades when combined divergence? Could you please clarify? Obviously, I will backtest.

Cheers,

okoso
  • #61,475
  • Oct 13, 2015 9:48pm Oct 13, 2015 9:48pm
Quoting robuk
{quote} Thanks Os for your very helpful and clear explanation , I am hoping that someday I will be able to ''see'' like you ( and the other experts ) can .
Cheer my friend you are doing fine. Just the screen time and all will come to you.

Quoting birdnest
{quote} Omonisha, When you trade H1 frame, do you see divergence in both H1 and H4 to confirm the A+++ setup?
Yet to know what is A+++ setup birdnest. All i know is the trade has more reason confluence is more strong setup it is.
Sad i'm not trying to understand PA
  • #61,476
  • Oct 13, 2015 11:06pm Oct 13, 2015 11:06pm
I have a new H4 candle open 1 hour ago.
Except for EurNzd, I don't see any setup in my usual trading pairs.

Anyone seen a valid setup on H4?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,477
  • Oct 13, 2015 11:14pm Oct 13, 2015 11:14pm
Quoting okoso
{quote} Hi Emmanuel, In my observation, setups at 68 and 32 levels are usually get to bad trades and are also against rule of the Synergy method. Do you mean by your quote above, that setups at 68 and 32 are good trades when combined divergence? Could you please clarify? Obviously, I will backtest. Cheers, okoso

Hi okoso,

No, I was not referring to the divergence.
I looked at the H4 price action was bearish and then on H1 happen that the move was from above the TDI 68-level.

Big E' post:
<quote>
..............
My favorite plays are 32% up and 68% down on the TDI.

You have to check your TDI every time a new candle appears. OFTEN TIMES I'll check the current candle several times during the trade. Just my routine.

Do what works for you ..................

......

What I see ... Daily Charts

usd/chf - going short on the TDI 32 line? Not me.

chf/jpy - Going long near resistance? Not me.

I hope it works out for you...

<unquote>


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,478
  • Oct 13, 2015 11:16pm Oct 13, 2015 11:16pm
Quoting emmanuel7788
I have a new H4 candle open 1 hour ago. Except for EurNzd, I don't see any setup in my usual trading pairs. Anyone seen a valid setup on H4?
EMU i took this on GBPJPY-H4 OB. What do yo think?
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-10-14_12-13-33GBPJPY-H4.png Size: 38 KB
Sad i'm not trying to understand PA
  • #61,479
  • Oct 13, 2015 11:42pm Oct 13, 2015 11:42pm
Quoting omonisha
{quote} EMU i took this on GBPJPY-H4 OB. What do yo think? {image}

That bullish Outside Bar BUOB has good price momentum. You should be able to get some pips off this one.

i sold yesterday and made 200pips and now holding my positions at average entry price 182.57
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #61,480
  • Oct 13, 2015 11:45pm Oct 13, 2015 11:45pm
Quoting emmanuel7788
I have a new H4 candle open 1 hour ago. Except for EurNzd, I don't see any setup in my usual trading pairs. Anyone seen a valid setup on H4?
EN
But intermediate trend D1 shows buy
Would you sell on H4?

I thought we have to check that intermediate trend agrees before taking a trade.
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