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Trading Made Simple

  • #62,281
  • Oct 30, 2015 5:44am Oct 30, 2015 5:44am
Quoting forfac
{quote} Hi omonisha Could you share your indicator which shows weekly, monthly daily high and lows regards, forfac
Sure here it is


Post 3,133
Sad i'm not trying to understand PA
  • #62,282
  • Oct 30, 2015 6:18am Oct 30, 2015 6:18am
Quoting Sesamstrasse
{quote} The quality of your posts is getting better and better .. I saw your TMS priceaction analyses the last days.. subscribed Guido
Hey there, Sesamstrasse!

Thanks! It means a lot. I returned the favor and subscribed to you, also. First time I ever subscribed to anyone.

I hope to improve, because I have a very long way to be like Big Emm, TSS, Omo , LL and many others. I am still a struggling trader.

Guys, here is my view on NU:

On D1, if we close with a nice momentum bullish candle, we've gotten ourselves a morning star pattern. Therefore, I am expecting upward movement. Also, the pattern is forming at the support, which is also a retest of the 38.2 fib retracement. Even more than that, it seems we also have a cup and handle pattern. More indication of upward movement.

Attached Image (click to enlarge)
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Switching to H4, I see same bullish sentiment, PA broke out of the triangle, retest, and possible continuation. TDI is already good. I'll keep an eye on the possible divergence, in case PA cannot take out the previous high. If it takes it out, there is no more divergence to stay in the way of bulls.

Attached Image (click to enlarge)
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On H1 I'll look for my entry, based on APB closing above the channel and being confirmed by the TDI. So I expect a retracement on H1, then a TDI cross to the upside, with a good angle.

Attached Image (click to enlarge)
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That's my view on NU for the rest of the day and the following week. More experimented traders, please feel free to correct me if I am wrong.
  • #62,283
  • Oct 30, 2015 6:35am Oct 30, 2015 6:35am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Quoting Hpt
moin GBPJPY H4 nice big candle without body , 04.00 GMT, confusing retailers , hunting longSL/shortSL which direction now ?? Further up , close just above big round number, or down - clues ? {image} regards Hpt
Update GBPJPY

SHORT open/close tp hit looking H4 candle switch to H1

entryreason: 1. regular bearish divergence ( TDI - chart), 2. strong red candle 04.00 closing near top - sign for stophunt longs bagging other shorts.
3. 05.00 big blue candle stophunt shorts. ( all for liquidity ) 4. then downmove 5. green under 50% under red TDI

09.00 candle red away from LO , so H4 candle touch 5MA = ENTRY !

next red candle miss tp only few pips , 12.00 candle touch tp - finish


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1 hit tp.png Size: 86 KB


tp was set near 14.6 retrace of full H4 candle


green pips to all
from level to level - you need mental strength to reach the summit
  • #62,284
  • Oct 30, 2015 6:41am Oct 30, 2015 6:41am
Quoting catalin_eros
{quote} Hey there, Sesamstrasse! Thanks! It means a lot. I returned the favor and subscribed to you, also. First time I ever subscribed to anyone. I hope to improve, because I have a very long way to be like Big Emm, TSS, Omo , LL and many others. I am still a struggling trader. Guys, here is my view on NU: On D1, if we close with a nice momentum bullish candle, we've gotten ourselves a morning star pattern. Therefore, I am expecting upward .
Sure.. it is a long way..
But it all starts with own steps..

You re doing your anylyses , no copy .. thatīs exactly the right way..
You re on a good way .. otherwise I hadnīt subscribed..

Specially in higher timeframes( my personal opinion !! ), the TMS is a wonderful system ..
Iīm thinking about to make a seperate account only for TMS D1 after Xmas .
Intraday , I donīt like the Heiken Ashi that much .. but from h4 and up .. itīs a wonderful set and forget .. I love it .

have a nice weekend
Guido
Risiko birgt immer auch die Chance.
  • #62,285
  • Oct 30, 2015 6:57am Oct 30, 2015 6:57am
Quoting Sesamstrasse
{quote} Sure.. it is a long way.. But it all starts with own steps.. You re doing your anylyses , no copy .. thats exactly the right way.. You re on a good way .. otherwise I hadnt subscribed.. Specially in higher timeframes( my personal opinion !! ), the TMS is a wonderful system .. Im thinking about to make a seperate account only for TMS D1 after Xmas . Intraday , I dont like the Heiken Ashi that much .. but from h4 and up .. its a wonderful set and forget .. I love it . have a nice weekend Guido
Two questions, if you do not mind: When you take entries on H4, do you check only the D1 for confirmation? Or you need two HTFs, like D1 and W1?

The other question: Do you trade every 4 hours, or only the times Big E used to trade?

You are right, I hate copying other traders, even if that would mean to get rich over night. In fact, I said this to a very good trader on Monday, on his webinar. His trades are very accurate, and if I decided to copy him, I would make tons of money. But I do not like it, so I do not copy him. I attend his webinars only because he has a lot of experience and a lot to teach.

I am still on demo, regarding the TMS. I make a lot of mistakes, so I am not feeling prepared to go live with this strategy just yet. Just like Big E said, the trader is supposed to backtest and demo, demo, demo, until the trader gains confidence.

Anyway, I eagerly await for your reply and I wish you a wonderful weekend, too!
  • #62,286
  • Oct 30, 2015 6:58am Oct 30, 2015 6:58am
EURJPY S/L was taken out...

I still think long term trend is down but Thursday BUEB bouncing off monthly MC low so I'm hesitant to short into this line...
Attached Image (click to enlarge)
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  • #62,287
  • Edited 7:50am Oct 30, 2015 7:13am | Edited 7:50am
Quoting catalin_eros
{quote} Two questions, if you do not mind: When you take entries on H4, do you check only the D1 for confirmation? Or you need two HTFs, like D1 and W1? The other question: Do you trade every 4 hours, or only the times Big E used to trade? You are right, I hate copying other traders, even if that would mean to get rich over night. In fact, I said this to a very good trader on Monday, on his webinar. His trades are very accurate, and if I decided to copy him, I would make tons of money. But I do not like it, so I do not copy him. I attend his webinars...

At the moment I work " day and night " for my own company .. and switch the same time to another broker..
May be I find " enough " time fort trading in 2 weeks.. may be earliest in february ( Januar I always skip )

In h4 i only trade the 7 , 11 am Candles .. very very rare , I transfer a H4 trade to D1 .. normally I close them around lunchtime and dont have any overnight positions.
And D1 trades happen often without me, I hate to open the notebook again after 13 or 14 hours of work .
May be after my holiday I ll work later, skip intraday and have more D1 .

The demo is a really good thing .. and I can strongly recomment it for months..
I did the same.. next to my intraday trading ( choros system live ) , I used the demo for TMS .
but my first steps I did the simulator.. to get quickly an eye for " good and bad entries / exits "

http://www.forexfactory.com/showthre...86#post7743986

The good thing is the simulator gives quickly experience of houndreds of trades and I collected my " confidence" for the demo there. #
No need to wait weeks , what you can see in hours ..
But in the end , only real trading counts.. but .. step by step .. no shame to train long time on a demo ..
As better you train , as more confident you are in bad times , when some trades in a row end bad..
Then only the confidence makes a trader !
Hope that helped
Guido
Risiko birgt immer auch die Chance.
  • #62,288
  • Oct 30, 2015 7:24am Oct 30, 2015 7:24am
Quoting Sesamstrasse
{quote} At the moment I work " day and night " for my own company .. and switch the same time to another broker.. May be I find " enough " time fort trading in 2 weeks.. may be earliest in february ( Januar I always skip ) In h4 i only trade the 7 , 11 am Candkles .. very very rare , I transfer a H4 trade to D1 .. normally I close them around lunchtime and dont have any overnight positions. And D1 trades happen often without me, i hate to open the notebook again after 13 or 14 hours of work . May be after my holiday I ll work later, skip intraday...
Thanks for this link ! I'm going to try this asap. I've been demo trading for a year now and a few months that I started focusing on TMS system but only recently really dedicated. Lots to learn but I'm very new to forex and to trading in general so it's a pretty steep learning curve I guess.

Good weekend all,
  • #62,289
  • Oct 30, 2015 7:28am Oct 30, 2015 7:28am
Quoting Sesamstrasse
{quote} At the moment I work " day and night " for my own company .. and switch the same time to another broker.. May be I find " enough " time fort trading in 2 weeks.. may be earliest in february ( Januar I always skip ) In h4 i only trade the 7 , 11 am Candkles .. very very rare , I transfer a H4 trade to D1 .. normally I close them around lunchtime and dont have any overnight positions. And D1 trades happen often without me, i hate to open the notebook again after 13 or 14 hours of work . May be after my holiday I ll work later, skip intraday...
It sure did. Thank you!
  • #62,290
  • Oct 30, 2015 7:32am Oct 30, 2015 7:32am
Quoting tibovwh
{quote} Thanks for this link ! I'm going to try this asap. I've been demo trading for a year now and a few months that I started focusing on TMS system but only recently really dedicated. Lots to learn but I'm very new to forex and to trading in general so it's a pretty steep learning curve I guess. Good weekend all,
It seems that you've gotten yourself a brand new toy for the weekend. I played with it, too, some while ago.
  • #62,291
  • Oct 30, 2015 11:00am Oct 30, 2015 11:00am
I managed to grasp almost 90 pips on GU. It's been open since this morning, at LO. I entered on H1, based on H4 WRB breakout to the upside. H1 TDI confirmed with a good angle.
Attached Image (click to enlarge)
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  • #62,292
  • Oct 30, 2015 11:14am Oct 30, 2015 11:14am
good job Catalin do u check 4hr and daily to confirm trend
  • #62,293
  • Oct 30, 2015 11:48am Oct 30, 2015 11:48am
Quoting trade786
good job Catalin do u check 4hr and daily to confirm trend
Thanks!

Yes, I do. But on this particular trade, I only looked at H4, and I was only interested in the WRB break, like Big Emm taught us. So I took the trade on H1, when I had a nice APB closing above the channel and the top of WRB, and TDI confirmation with good angle. TDI on H4 was up, also. So everything was screaming bullish.

EDIT: Actually, Big Emm trades the range of the WRB, I am not sure if he trades the break. But I do, and it seems to work.
  • #62,294
  • Oct 30, 2015 11:56am Oct 30, 2015 11:56am
I would like to know more about the wrb
  • #62,295
  • Oct 30, 2015 2:06pm Oct 30, 2015 2:06pm
Quoting emmanuel7788
{quote} forget about doing any analysis on handphone. their screen size is too small to see enough details for us to make trading decisions. do all your technical analysis and trade planning in advance on a proper PC based runnng MT4 and you can save all your charts in templates which you can recall when you need. you can use your handphone to monitor trades while you are on the move.
that's what I do, Emmanuel
thanks
  • #62,296
  • Oct 30, 2015 2:44pm Oct 30, 2015 2:44pm
Quoting trade786
I would like to know more about the wrb
WRB stands for Wide Range Bar, so a candle with a wider range than the average. And it contains other candles within its high and low. What Big Emm does is he switches to a LTF when he spots such a candle, and trades withing that range, based on TMS 5 method. I am sure he can explain better, and perhaps point you in the right direction, since I've heard about it from him. WRB is a MC.

In my last pic, that is the H1. But I spotted the WRB on H4. Those white lines are the high and low of the H4 WRB. Therefore, I was looking to trade it on LTF, which was H1. Big Emm, please give more instructions if needed.
  • #62,297
  • Oct 30, 2015 4:44pm Oct 30, 2015 4:44pm
I have a lot to learn
  • #62,298
  • Oct 30, 2015 6:54pm Oct 30, 2015 6:54pm
Is there a way to setup an alert.
  • #62,299
  • Oct 30, 2015 8:14pm Oct 30, 2015 8:14pm
Quoting freebeans
Is there a way to setup an alert.
there is MT4 Alerts ... explanied in the user guide, press function key F1

you can set that up in your terminal


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #62,300
  • Oct 30, 2015 8:21pm Oct 30, 2015 8:21pm
Quoting trade786
I have a lot to learn
Learn what Eric taught us:

***********************
#1 in importance is PA
#2 is the TDI for confirmation
Post#3142

Price Action stuff:
Profiting in Forex Post#20,118 by Steve Nison
Three powerful forex pattern pdf... Post#20,110
Hikkake: Post#16,419
Inside Bar : Post#42,301
Mother Bar : Post#55,045
Master Candle : Post#28,556 pdf in Post#25,594
Master Candle (3): Post#54,546
WRB introduction in the pdf TMS 5-Method Basic Rules: Post#53,842
Wide Range Bar study: Post#54,551
Candlestick Patterns PASR for trading TMS Post#23,202 Post#28,601
Candlestick Fibonacci and Chart Patterns Trading Tools Post#31,777 (by Robert Fischer)

Have Fun and Enjoy the Learning.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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