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Trading Made Simple

Ok...This is what I find interesting!

Check out the eur/usd on the 4 hour chart.
Can you see where price went to the sdc top
channel & sold off. I find that interesting that
price played around with that level & reversed.
(their is money to be made their...& I'm sure
some traders took advantage of it...)
sj
Attached Image (click to enlarge)
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Ok...Here is another example.
4 hour usd/jpy chart.
See how price went down...touched
those levels & reversed.
I can guarantee you that their are
traders watching that action & going hmmm.
(Nothing to do with the tdi at all...it's all price action)
sj
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Ok... One more...You talked me into it!

Look at the Nzd/usd (Emmanuel's favorite) 4 hour chart.

Look how price came down (my red line) & made
a triple bottom (exactly). I find that very interesting!
You want to notice price action like that & go hmmmm!
(just saying...)
sj
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Quoting AlansGS777
{quote} Hi Snarly. It's amazing, you're back to guide us through the right way. That SDC is not only a fibonnaci channel which it's already in mt4?
Nice meeting you Alan,

I guess when it's all said & done...
I trust Dean Malone to put out good stuff!
Having said that...after years of watching his stuff
in real live trading...pip by pip by pip...in the markets.
I know him & I trust him...
sj
I'm really pleased that you have been succesful. It is our dream for all of us I guess and agree if there is a place to help us, it is here.
tibovwh talked about the learning curve and I hope it is exponential cause it is difficult to me to see clear entries in real time...
could you kindly summarize your strategy?
i understand that
- the ema 20 gives you the direction of your trades
- you take into account s/r
- do you look at Pa and confirm by TDI cross with good angle?
- do you enter on 5 min chart and then wait if H1 confirms to keep on the trade?

thank you to you and all awesome people here who help once and again...

Quoting roryx
Now I think it's time to say hello - as I have been following this amazing thread for several months in silence. Emmanuel considers if he should go on posting, teaching... so I simply have to pop up. Since last summer I have adapted the TMS system in my trading with some succes, mostly H1 and H4. Beside the TMS setup I use the most obvious S/R a few weeks back, and a 20EMA, which is my trend indicator. During the years I have learned that you can work with any MA, none is more magic than another, you just have to know how prices relates to it. I...
this is D1 on EU,correct me if iam wrong
i still using an old template
green cross red on 4-day support
it is the time to buy u think?
Attached Image (click to enlarge)
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Arso,

Nice meeting you!

We all trade kinda the same & kinda different.

For me I use the pac (price action channel) with no moving averages.
If the apb's are above the pac...that is a long trade.
If the apb's are below the pac...that is a short trade.
Once I determine where the apb's are in relation to the pac,
I will glance at the tdi to see what it is doing. Is the tdi flat or
pointing up/down? Has the green crossed the red?
Once I determine which way I'm placing my trade...I ALWAYS
place my stop on the other side of the pac (ALWAYS).
Then I determine what my target is...Do I have room to
make a nice profit?

I hope I helped you!
sj
Quoting Goodolday
this is D1 on EU,correct me if iam wrong i still using an old template green cross red on 4-day support it is the time to buy u think? {image}
Goodolday.

Nice meeting you!

Ok...Were in a down trend.
Tdi is starting to hook up.
I would take a shot at it (long) but with
a pretty tight stop...just in case.
My stop would be just below the Daily apb.
You want to give it room to breathe but not to much room!

***But...It is 1:30p.m. N/Y time. The market closes in about
3-4 hours. On the Daily chart you might be better off waiting
until session end & the new daily bar appears. I would watch this
bar & make my determination in the Asia session after N/Y close.***

By the way I love the daily chart...especially if you get a nice long run!
sj
Goodolday,

Take a look at my daily chart.

Do you see the green line on the adr that
says 1.08389. That would be my target.
Might not get their...but it gives me something
to shoot for...
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 43 KB
Quoting snarlyjack3
Goodolday, Take a look at my daily chart. Do you see the green line on the adr that says 1.08389. That would be my target. Might not get their...but it gives me something to shoot for... sj {image}
But only if the next candle opens as blue and above PAC. These are the rules, enter on the first or second candle. Am I right?

EDIT: Actually, these are the rules for 5EMA. When we are dealing with the PAC, is it ok if we enter on candle 3 or 4 (and I am not talking about bounce trades)? Since PAC is there, I assume we use the PAC as Dean does, when there is a close above/under it. Dean does not have a 1st /2nd candle rule for entries, from what I remember.

I am eagerly awaiting for your reply.
Dear sanrlyjack
the pleasure is mine.
actuallyi was asking the questions to Rory's but thank you very much for your guidance.
if I have understood well, if PA looks good, price close out the Pac and TDI cross is ok you enter (if no SR IS NEAR AND THE WIN RATE IS OK)
Do not you look at the main trend?
do you take into account trend lines?
by the way, did you take any entry this week where I find difficult to see a good setup on H4?
thank you very much indeed.
we are lucky... Emmanuel is about to take some holidays and you reappear here!

Quoting snarlyjack3
Arso, Nice meeting you! We all trade kinda the same & kinda different. For me I use the pac (price action channel) with no moving averages. If the apb's are above the pac...that is a long trade. If the apb's are below the pac...that is a short trade. Once I determine where the apb's are in relation to the pac, I will glance at the tdi to see what it is doing. Is the tdi flat or pointing up/down? Has the green crossed the red? Once I determine which way I'm placing my trade...I ALWAYS place my stop on the other side of the pac (ALWAYS). Then I determine...
Quoting Arso
Dear sanrlyjack the pleasure is mine. actuallyi was asking the questions to Rory's but thank you very much for your guidance. if I have understood well, if PA looks good, price close out the Pac and TDI cross is ok you enter (if no SR IS NEAR AND THE WIN RATE IS OK) Do not you look at the main trend? do you take into account trend lines? by the way, did you take any entry this week where I find difficult to see a good setup on H4? thank you very much indeed. we are lucky... Emmanuel is about to take some holidays and you reappear here! {quote}...
Arso,

Yes...You got it!
Price is shooting out of the pac.
Good Tdi cross. (Bounce trade).
I really don't look at trend (I'm not married to the trade).
I trade all the time...
See my clean/simple chart (eur/usd 4 hour chart).
sj
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 30 KB
Quoting catalin_eros
{quote} But only if the next candle opens as blue and above PAC. These are the rules, enter on the first or second candle. Am I right? EDIT: Actually, these are the rules for 5EMA. When we are dealing with the PAC, is it ok if we enter on candle 3 or 4 (and I am not talking about bounce trades)? Since PAC is there, I assume we use the PAC as Dean does, when there is a close above/under it. Dean does not have a 1st /2nd candle rule for entries, from what I remember. I am eagerly awaiting for your reply.
Catalin,

The Pac is designed to be more conservative than the 5 ema shift 3.

However, their is a couple of different ways to trade it.
1). The Tdi green/red cross (not using pac or 5 ema).
2). Or using the pac as your entry. When the apb leave the pac.

The pac denotes...the value area or reverse to the mean. It's a
neutral area in the market. In price action trading the pac
is very useful!
sj
Hi.I downloaded the synergy tpl but the pac channel doesn't come on the chart.

Any help? thank you
Quoting tseraf
Hi.I downloaded the synergy tpl but the pac channel doesn't come on the chart. Any help? thank you
It is not the synergy_tdi. it is the synergy_APB.
Okay, I'll try that..thank you.
G'day Folks.

Checking in to catch up with the discussions before I close shop this week and will start my year end summer vacation next week.
This week there were some passionate sharing on why we should keep to the basic of the TMS 5-Method. It is good that some member spoke up on their views and sharing their experience on how adding some other stuff to has make them better traders. I myself have tried and tested many other stuff too. From my experience over 25 years, many of the stuff I have tried and tested are not necessary when we want to trade TMS 5-Method. But I am not going to discourage you from trying other stuff and experience them for yourself. Learning is a great in our life journey. It is learning that make our life rich with experience and knowledge. That makes us better people. In my life I missed learning a few things which I love to do. One is to be able to play the piano. At a young age I tried but did not make it. My problem is eye and hands coordination. I can read the music sheet but my fingers tends to get mess up on the keys. The same problem I have on my typewriter and then my computer keyboard when I try to make notes while I read. But over the years I 'cured' myself by training my mind, it is like re-programming my own mind. I have some success. Today at age 61, I will learn to play the piano using an ingenious technology by a piano maker.

Now back to our trading stuff. With the year end ahead of us, many will take vacation from work and also have time over the festive holidays. I am sure many of you want to learn to trade better and aspire to become consistent successful traders. There are lots of resources on investing and trading available out there. But below are a list of things I shared here and these can help address some common questions.

About the use of parallel channels like the SDC on our price charts (shared by our pioneer TMS member snarlyjack SJ), there is explanation on channeling technique in chapter 6 of this pdf
Ultimate Technical Analysis Handbook: Post#18,844

TMS 5-Method uses the 5EMA, that has its advantage and purpose. Then we have some who prefer the price action channel PAC which is just channel using price moving averages.
…the use of moving average channel or Price Action Channel PAC you will read in the pdf below
High Probability trading opportunities using Moving Averages : Post#42,728

Then, some traders are struggling to have winning trades and look high probability trade setups, etc.
the next pdf below will help answer some of the FAQs, like
Q.Why Do Traders Fail?
Q. What it takes to be a consistent successful trader?
Q. How to use price bar patterns to spot trade setups.


Best of Trader Classroom : Post#30,652

These should be enough study materials for the weeks ahead and help you plan for 2016.

Enjoy the learning experience.

Have great weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Awesome, thanks for the reading material and try not to miss us too much while on vacation :-)!

N.
GBPUSD 12 Nov D1 chart.

Today is clearer what GU is doing. The day 'trend' remains strong and taking any counter trend trades in lower has higher risks.
Today risk trading the D1 TMS setup is those short term resistance seen very nearby above. Short term buyers will be caution around those levels but the smart money can push price up if there are orders to fill above those two levels. We cannot see the orders but there are many order above and below.
My historical resistance is 1.5286 and price can move across this +/-50pips in one candle or to keep it simple, there is BRN 1.53 if there.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 46 D1 chart 12 Nov.png Size: 62 KB


This week's Weekly Pivot WPV is 1.5189 and some position traders may want to sell at WS38 1.5369 thinking of they can trade fundamentals
To sell at 1.5369, price must first reach there, logical or not?

Good Trading folks
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting catalin_eros
{quote} Hello, Big Emm! I'd like to ask why you took the entry on the third candle, when you could have taken it on the second one. TDI was confirming. Big E told us to enter on the first or the second candle. As son as the second candle closes, we are in the third. Did you just miss the entry on the second, and decided to enter late, or is there another reason for choosing the third as the entry?

Sorry very late to answer this now. I was already in bed just after New York open.

I was late in entry. I had doubts about that APB#2 setup entry because as I needed to a 5-bars swing low at support which was last week' low.

That divergence was highlighted.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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