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Trading Made Simple

  • #63,501
  • Nov 19, 2015 12:34pm Nov 19, 2015 12:34pm
Quoting Emma7788-FAN
{quote} Hi maestro Hipe that you're enjoying your holidays Just a small question Could you please capture the sitting for your Moving On daily chart And asking if it the same for H4 tf H1

Hi,

I am having very good time everyday in my summer vacation. Nice warm weather, great people I meet and travel with everyday, great food and wine here, .. surely cannot complain.

But back to your question, not sure if I understood that now. It's 4am here and I must get back to bed for few more hours of sleep.

But if your question is on the WRB, that is the same when we trade the H4 and H1. There are WRBs too in those timeframes and we apply the same rules.
When you see a H4 WRB, zoom out on your charts, look to the left of your chart to see if there was a recent swing high/swing low for support and resistance. Usually the S&R are around the round numbers 00, 50.
Look at EJ H4, it has been trading between the round number 00,50,... the market type is sideways narrow range and to the downside.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,502
  • Nov 19, 2015 12:42pm Nov 19, 2015 12:42pm
Quoting emmanuel7788
{quote} yes, I have been selling since the open of this month because there is a Weekly WRB....
Oh, Big Emm, how I envy you for spotting everything!

Please clarify something about WRB: you said in that image that we do not take TDI crosses within the WRB, but we wait for the breakout. And then you say you are selling GA because of the weekly WRB. When I look at GA, W1, I see that we are still within that range. So no breakout yet.
I said earlier here that we can trade within the range of the WRB on the LTF: buy on the low and sell on the high. I did it with success before, and I will keep doing it. Cause it worked. So, do we have two setups (breakout and trading within range) regarding the WRB? I do not want my earlier post to be misleading for anyone, and that is why I need you to clarify if I said it right or wrong.
  • #63,503
  • Nov 19, 2015 12:43pm Nov 19, 2015 12:43pm
Quoting Drewas
{quote} Ta been looking for something like this for a while.
Thanks to SJ, we can now enjoy its benefits.
  • #63,504
  • Nov 19, 2015 12:46pm Nov 19, 2015 12:46pm
Quoting catalin_eros
{quote} Hello! No, not paid. Free. SJ uploaded it some pages back. {file}
that one has too many price levels for targets.

keep it simple when we trade H4.

just check the average weekly range for the past 52 weeks.

set SMART targets - 40% , 60% and 100% of the average weekly range (52-weeks) for your 4H swing trades.

You need to know the Weekly Open level which is your Monday Day Open. Then you follow the PA from its open to the high or low for the week, then the reversal to the opposite side of the market. See the range from open to swing high/low then from the swing high/low to the other end of the swing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,505
  • Nov 19, 2015 12:55pm Nov 19, 2015 12:55pm
Quoting catalin_eros
{quote} Oh, Big Emm, how I envy you for spotting everything! Please clarify something about WRB: you said in that image that we do not take TDI crosses within the WRB, but we wait for the breakout. And then you say you are selling GA because of the weekly WRB. When I look at GA, W1, I see that we are still within that range. So no breakout yet. I said earlier here that we can trade within the range of the WRB on the LTF: buy on the low and sell on the high. I did...
I can only spot for 15 pairs... with trained eyes of 10 people working together every week.

when we know that the market is trading inside the Weekly WRB range, that is when I will sell from the resistance with ME/ME trades.... until the next breakout.
remember to be careful when there are TDI cross setups when PA is within the WRB High/Low whether its is Weekly, Day, H4 or H1... we do nottake them but drop one TF lower.

there are some very special WRB with hidden gems in them which we can use to look for the depth of the retracement inside the WRB. ...(this will be for 2016).
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,506
  • Nov 19, 2015 1:11pm Nov 19, 2015 1:11pm
Quoting emmanuel7788
{quote} that one has too many price levels for targets.
I don't use all of them. I look at the info tab in the left hand side corner, and I take into consideration the short green and magenta lines (5 days ADR) as possible targets or signals to not enter a trade.
Perhaps I'll try your way, too. But I still have some issues with the H4 trading. Do I trade only at the times specified by Big E? Or I should take any signal of a H4 APB, in any session?
  • #63,507
  • Nov 19, 2015 1:19pm Nov 19, 2015 1:19pm
Quoting catalin_eros
{quote} I don't use all of them. I look at the info tab in the left hand side corner, and I take into consideration the short green and magenta lines (5 days ADR) as possible targets or signals to not enter a trade. Perhaps I'll try your way, too. But I still have some issues with the H4 trading. Do I trade only at the times specified by Big E? Or I should take any signal of a H4 APB, in any session?
I suppose December will reveal the answer. On December I'll stop trading and I'll use a lot the simulator from Guido. I will see when to trade the H4.

Upon re-reading one of SJ's PMs, I see that he advised me not to trade the Asian session.

I guess the answers are just under my nose, but somehow I still feel the strange need to ask in a forum.
  • #63,508
  • Nov 19, 2015 3:30pm Nov 19, 2015 3:30pm
I
Quoting emmanuel7788
{quote} WRB = Wide Range Bar ... its the real price bar ***not Japanese candle, not the APB. because we use the APB which we refer to as candles, I will call the price bars as price bars. If I use Japanese candlesticks, it will confuse when when I use candle for both the APB and Jap candles. see example below its is one of the method I use to identify the market condition and determine the market type. WRB appears early before the price bars after it, therefore you have an early warning of the market. {image}
Sorry Maestro
What I meant is what are the parameters for the moving average on your Daily chart on UJ
Is 5-Ema shift 3
Or 10 Ema or
5 Synergy channel H/L
Sorry but all those above doesn't mach with my D chart UJ

ASking if you use the same Moving average for all TF?
We love you Maestro Emm
We are your EMM7788-FANS
Enjoy your time 🌝🏊🏄🏾🚴🏼🔝
ENJOY YOUR TRADE
  • #63,509
  • Nov 19, 2015 3:41pm Nov 19, 2015 3:41pm
Quoting eelfranz
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that...
Eelfranz was a big fan of 4h trading using this method. Didnt use anything other than TDI and stochs.

If you cant or dont like spending hours in front of the PC, 4hr TMS is the way to go.
We're all just one trade away from humility.
  • #63,510
  • Nov 19, 2015 7:38pm Nov 19, 2015 7:38pm
Quoting emmanuel7788
{quote} Any way to get a copy of your template. My screen looks so different from yours.
I thought your last chart posted look good. http://www.forexfactory.com/showthre...56#post8563356 you use the Synergy_Pro_APB with PAC and Synergy_Pro_TDI. which of my post / chart you want to have?[/quote] I think i know the answer but have to ask. I noticed your chart looked different than mine. Is that because of the time zone, I am on new york time or est. Also noticed you use the traders dynamic index on this chart. Is this an older indicator.
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  • #63,511
  • Nov 20, 2015 3:08am Nov 20, 2015 3:08am
Quoting emmanuel7788
{quote} that's not true. there are 24 x H1 candles in one Day, you have 24 entry opportunities. there are 6 x H4 candles in that same Day, you only have 6 entry opportunities in that same Day. I prefer H1 over H4. Look at USDJPY Day chart, who are buyers and who are sellers today? Tomorrow, do you want to joint the buyers or the sellers? This important question you must decide after today Day candle close. When the Day candle closed, it offers you 4 prices - its Open, High, Low and Close OHLC. Tomorrow, you will have 24 opportunities to make an...
USDJPY GMT0900 H1 sell 'signal'.

Just got alert by TMS Monitor sell on H1 ... 12 hours after the D1 setup alert.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY D1 and H1 strong sell.png Size: 41 KB


Question is:
Do you follow short term traders and sell?

or

you follow long term traders and stand aside.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,512
  • Nov 20, 2015 3:22am Nov 20, 2015 3:22am
Eelfranz was a big fan using the APB and the TDI. He traded the lower time frames M5, M15 in the CSH thread.
The CSH thread was moved to the Commercial Content forum so he he started this TMS thread and moved the discussion here (…Post# 336 ) so that we help to build this TMS thread together... Post#4,432

TMS is the 5-Method and is not simply a H4 trading method. He traded the H4, H1 and also D1 charts.
It has been 4 years since eelfranz’ passing in Oct 2012. TMS 5-Method remains the same although the market conditions had changed. Members here tried all sorts of things in attempt to look for a better trading method but did not spend time in developing a money management strategy to go with this simple technical trading method.

eelfranz hates to trade the M5,M15,M30 because (read Post#1).

He prefers to trade H4 and H1, why? (read Post#1199)

He said don’t be afraid to trade the D1 chart (read Post#4752)

But he did not like to trade D1 because of the price pullback, (read Post#301)

Why he did not like to trade the D1 chart price pullback? (read Post#557)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,513
  • Nov 20, 2015 3:28am Nov 20, 2015 3:28am
Quoting freebeans
{quote} I thought your last chart posted look good. http://www.forexfactory.com/showthre...56#post8563356 you use the Synergy_Pro_APB with PAC and Synergy_Pro_TDI. which of my post / chart you want to have?
I think i know the answer but have to ask. I noticed your chart looked different than mine. Is that because of the time zone, I am on new york time or est. Also noticed you use the traders dynamic index on this chart. Is this an older indicator. {image} {image}[/quote]


Hi,

I use the TDI realtime version and set the parameters to be the same as the Synergy_Pro_TDI.

TDI-RealTime version Post#17,848

Synergy_Pro_TDI settings: Post#59,624

I am not sure of your broker server time and if you have a Sunday candle. That may explain why we do not see the same Day candles.
I use broker with GMT+2 which is my Sydney open hour.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,514
  • Nov 20, 2015 3:32am Nov 20, 2015 3:32am
Quoting Emma7788-FAN
I {quote} Sorry Maestro What I meant is what are the parameters for the moving average on your Daily chart on UJ Is 5-Ema shift 3 Or 10 Ema or 5 Synergy channel H/L Sorry but all those above doesn't mach with my D chart UJ ASking if you use the same Moving average for all TF? We love you Maestro Emm We are your EMM7788-FANS Enjoy your time 🌝🏊🏄🏾🚴🏼🔝

Hi,

the 5-Method uses the 5-period EMA, Typical Price, Shift+3.

this is to show the direction and also the setup candle is the APB candle which close across this 5EMA.

there is very little difference between the the 5EMA, Typical Price, Shift+3 and the 10EMA, Close Price, Shift+0. Should not be a big deall when traders use either one of this. You just have to set your own rules when you use the 10EMA and follow your own rules.
With more trading experience and focus on the price bar action, you can drop both these EMAs.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,515
  • Nov 20, 2015 3:37am Nov 20, 2015 3:37am
Quoting Fbps
{quote} Seem to be static. {image}

Hi,

Please post your question in the other thread and I will reply there.

Thanks.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,516
  • Nov 20, 2015 3:45am Nov 20, 2015 3:45am
Quoting emmanuel7788
{quote} USDJPY GMT0900 H1 sell 'signal'. Just got alert by TMS Monitor sell on H1 ... 12 hours after the D1 setup alert. {image} Question is: Do you follow short term traders and sell? or you follow long term traders and stand aside.
I've read through the FAQs below on the TMS Monitor. Downloaded the required files tmsmonitor.tpl and tmsmonitor.ex4. TDI Red Green.ex4 and Heiken Ashi.ex4 are already existing on my chart.

http://www.forexfactory.com/showthread.php?t=303347

Unfortunately, still can't get any signal. It's still static. What else do I need to do? Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor.png Size: 21 KB
  • #63,517
  • Nov 20, 2015 3:46am Nov 20, 2015 3:46am
Quoting emmanuel7788
{quote} USDJPY GMT0900 H1 sell 'signal'. Just got alert by TMS Monitor sell on H1 ... 12 hours after the D1 setup alert. {image} Question is: Do you follow short term traders and sell? or you follow long term traders and stand aside.
I stand aside coz H4 is ranging & 8red bars down. I would rather go long at support or might go short when prices break support
Am I right?
  • #63,518
  • Nov 20, 2015 3:54am Nov 20, 2015 3:54am
Quoting Fbps
{quote} I've read through the FAQs below on the TMS Monitor. Downloaded the required files tmsmonitor.tpl and tmsmonitor.ex4. TDI Red Green.ex4 and Heiken Ashi.ex4 are already existing on my chart. http://www.forexfactory.com/showthread.php?t=303347 Unfortunately, still can't get any signal. It's still static. What else do I need to do? Thanks in advance. {image}

Please do not post here. Go to that thread and post your problem there.
I will read there and reply you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,519
  • Nov 20, 2015 3:57am Nov 20, 2015 3:57am
Quoting pete.alfa
{quote} I stand aside coz H4 is ranging & 8red bars down. I would rather go long at support or might go short when prices break support Am I right?

very good.

H4 has a WRB which is also a Master Candle [3]. That is market consolidation at BRN 123.00. The H4 candle are small too.

waiting is better idea.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,520
  • Nov 20, 2015 4:17am Nov 20, 2015 4:17am
Quoting emmanuel7788
{quote} USDJPY GMT0900 H1 sell 'signal'. Just got alert by TMS Monitor sell on H1 ... 12 hours after the D1 setup alert. {image} Question is: Do you follow short term traders and sell? or you follow long term traders and stand aside.
Hi,

When I compared this to my chart I noticed that the TDI is not actually crossing at that time. It was pointing down (This is the '5' angle indication?).

Why is this a possible signal?

Best,
Attached Image (click to enlarge)
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