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Trading Made Simple

  • #63,721
  • Nov 25, 2015 4:36am Nov 25, 2015 4:36am
Quoting Lookleft
EURAUD H4 (+121 pips) Straight forward entry on APB closing outside the PAC and trading away from the WO after price had been rejected by BRN(1.480). Nice TDI cross with price line and signal line moving together and separating with cross below 50 level. TP set at BRN (1.460) and profits taken along the way. {image}
That last swing... How come you were not afraid to sell into it?
  • #63,722
  • Nov 25, 2015 4:55am Nov 25, 2015 4:55am
Quoting catalin_eros
{quote} That last swing... How come you were not afraid to sell into it?
Hi catalin,
It's a sort of numbers game
Price had been rejected 4 times from the 1.4812 area but only once from the bottom of the swing at 1.4697 which made it a soft stop to me. So my theory is that the bears are stronger than the bulls There was also some good momentum in the APB especially if you look at H1.
Edit : I'm also brave (fortune favors the brave)
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,723
  • Nov 25, 2015 5:16am Nov 25, 2015 5:16am
Quoting Lookleft
{quote} Hi catalin, It's a sort of numbers game Price had been rejected 4 times from the 1.4812 area but only once from the bottom of the swing at 1.4697 which made it a soft stop to me. So my theory is that the bears are stronger than the bulls There was also some good momentum in the APB especially if you look at H1. Edit : I'm also brave (fortune favors the brave)
Yeah, I like your bold moves. Besides, in a trending environment, we are expecting PA to take out the previous swings, don't we? But it still takes courage, because PA is stubborn and stalls sometimes near those swings. Great trade!
  • #63,724
  • Nov 25, 2015 6:13am Nov 25, 2015 6:13am
GJ long after NYO session opened , +50 pips, TDI bounce trade
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_H1.png Size: 57 KB
I Have Learned to Take Some Losses to Make Profits
  • #63,725
  • Nov 25, 2015 6:53am Nov 25, 2015 6:53am
Quoting stefan17
Break even on GBP/USD {image}
very good trade, regardless of the BE , watch for MBL and double bottom , tops next time
I Have Learned to Take Some Losses to Make Profits
  • #63,726
  • Nov 25, 2015 6:58am Nov 25, 2015 6:58am
is there anyway to get tdi cross alerts on the phone as I am at work full time it's hard for me to keep a constant eye on the charts
  • #63,727
  • Nov 25, 2015 7:02am Nov 25, 2015 7:02am
Quoting TheScorpS
GJ long after NYO session opened , +50 pips, TDI bounce trade {image}
Nice CT trade TSS well caught
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,728
  • Nov 25, 2015 7:30am Nov 25, 2015 7:30am
Quoting emmanuel7788
{quote} Hi okoso, Thanks. Vacation is great fun and restful. For reversals, I look at minimum 2 bars reversal at S&R such as BUEB/BEEB and BUOB/BEOB, then there are 3 bars reversal Double Inside Bars DIBs, 4-bars reversal like the Master Candle MC[3] and 5-bars Swing High/Swing Low patterns. not forgetting the 1-bar like the Pin Bar.
Hello all,

I believe i see the "4-bars reversal like the Master Candle MC[3] " forming on NZD/USD weekly chart. I've been studying this pattern and i believe that is what is going to happen at the end of this week. :nerd:

Thanks,
Meihk
  • #63,729
  • Nov 25, 2015 9:24am Nov 25, 2015 9:24am
What is the best setting for the Mighty 200MA, simple, Exponential, or smoothed?
  • #63,730
  • Nov 25, 2015 10:22am Nov 25, 2015 10:22am
Quoting emmanuel7788
{quote} 2016 will be a brand new year with ME/ME and 4H trading. regards,
Today was my first trading day with this system - (un)fortunately on a demo account... 4 winning trades, 1 loosing!

Regarding the above quote...
if you are talking about 4H trading ... from the first few hundred posts I remember, Big E using 1H during news time and 4H charts during nights. Does "4H trading" mean you will decide according PA and TDI on 4H charts only? Of course one has to look left, but don't take 1H situation into account? This would suit me well due to a full time job...

Do you close your trades in the night?

Sorry if these are silly questions from a newbie
Thanks,
Jo
Best regards, blackfriday
  • #63,731
  • Nov 25, 2015 10:59am Nov 25, 2015 10:59am
Quoting Meihk
{quote} Hello all, I believe i see the "4-bars reversal like the Master Candle MC[3] " forming on NZD/USD weekly chart. I've been studying this pattern and i believe that is what is going to happen at the end of this week. :nerd: Thanks, Meihk
Well, look at MN Line Chart below.

Follow Weekly and Day closely, wait and see what happens and try not to think ahead of what the market will do.
There is WRB in Weekly and Day charts.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUD Week 48 25 Nov MN Line chart.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,732
  • Nov 25, 2015 11:05am Nov 25, 2015 11:05am
Hi Big Emma
Oil us
Up bias is correct on Daily chart
ENJOY YOUR TRADE
  • #63,733
  • Nov 25, 2015 11:08am Nov 25, 2015 11:08am
Quoting stefan17
What is the best setting for the Mighty 200MA, simple, Exponential, or smoothed?

well, put all 3 on a chart and see which serves your purpose.

Attached Image (click to enlarge)
Click to Enlarge Name: 200MA SES.png Size: 36 KB


I pick CONSISTENCY in application of the 10EMA, 50EMA and 200EMA ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,734
  • Nov 25, 2015 11:12am Nov 25, 2015 11:12am
Quoting Emma7788-FAN
Hi Big Emma Oil us Up bias is correct on Daily chart

Hi,

Sorry, I don't follow the 'black gold' ... Oil.

Instead, I trade XAUUSD on Day chart.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,735
  • Nov 25, 2015 11:20am Nov 25, 2015 11:20am
Quoting blackfriday
{quote} Today was my first trading day with this system - (un)fortunately on a demo account... 4 winning trades, 1 loosing! Regarding the above quote... if you are talking about 4H trading ... from the first few hundred posts I remember, Big E using 1H during news time and 4H charts during nights. Does "4H trading" mean you will decide according PA and TDI on 4H charts only? Of course one has to look left, but don't take 1H situation into account? This would suit me well due to a full time job... Do you close your trades in the night? Sorry if these...
Hi,

I don't trade the H1 chart much these days. I don't follow Big E trading hours what he mentioned in Post#1.

Most of my trades are 4H swing on H4 charts and Position trades on D1 chart.

For 4H swing tradings, I keep my positions open during the week and this can last 2 to 4 days.

For Position tradings, my positions can run for many days and into weeks.

4H means 4-hours and not H4 chart timeframe. By 4-hour, I need to check my charts once every 4-hours interval. Not necessary that I must wake up to check every 4-hours, but any time during the day is okay when I missed one 4-hour cycle.

For those having day jobs, the best thiing is trade the Day charts and you can open trades any time during the day on H1 charts.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,736
  • Nov 25, 2015 11:28am Nov 25, 2015 11:28am
Not a great day.

2 30M Signals on GBPCAD and GBPNZD. Both following previous Day(s) close. Away from WOL/DOL/EMA's. No cigar

Still a bit unsure on my template.

I had decided on 30M with a 4H TDI under but I'm now thinking this x8 multiple is a bit too high.

30M - 1H (x2)
30M - 4H (x8)
1H - 4H (x4)

The last one sounds best I guess. What do you think? I liked the 30M for a bit it gave some signals early. Like EUR moves today were a bit easier to trade in 30M than in 1H. Initial move was strong and then comes the question do we chase a 'big' bar or not?

Last picture is a template of my trades I want to look for...

I gotta say, when I started this TMS system a few months back I did not know it was going to be so hard. But I did not have much experience in forex in general so I guess it makes sense.

Regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Schermafdruk 2015-11-25 21.14.26.png Size: 77 KB
Click to Enlarge Name: Schermafdruk 2015-11-25 21.15.07.png Size: 81 KB
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  • #63,737
  • Nov 25, 2015 11:30am Nov 25, 2015 11:30am
Quoting tibovwh
Hey TSS, Bal, Lookleft! I hope you are all well. I would love to see more of your trades. I noticed you are all posting less often than before. How is things going? regards,
Hey Tib,

I've not been able to trade for a while. Since I'm in the UK and trade LO/NYO, I have to trade around a day job which unfortunately, has to take priority My workload has skyrocketed lately and I've spent a fair amount of time overseas as well, but I'm hoping this is only temporary. Hopefully I'll be back and active again in the new year. I still see lots of people having plenty of success in here with the basic method. Keep it simple guys! Let the probabilities play out over time... Big E knew what he was talking about!

Cheers

Ballistical
Focus on the process and the profits will follow
  • #63,738
  • Nov 25, 2015 11:36am Nov 25, 2015 11:36am
Just closed a few more trades for this week and start winding down and stop trading in the next few days.

Starting in week 51 Dec 14 onwards till the New Year, market liquidity will be thin so it will not make any sense to trade the 4H swing.

My MT4 account summary below:

Winning trades - 188
Losing trades - 36
Total pips : 13,833
Average Win Pips : 73pips
Average Win : $70.30
Average Lot Size : 0.12 std.
Average duration of trade : 3Days 19Hours

Attached Image (click to enlarge)
Click to Enlarge Name: MEME trades closed 26 Nov 2015.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,739
  • Nov 25, 2015 11:43am Nov 25, 2015 11:43am
Quoting Donquixote
{quote} wow $71.50 per trade and theres 149 win im motivated reading this

Hi Don,

It took me 2 years to learn and practice ME/ME trading before I went live. It has been more than 5 years now and I am confident of what I do with ME/ME trading.

Give yourself time to learn the concept of money management and how to make your hard earned money work for you not the other way around.

The road to financial freedom is a long one, quite bumpy most of the time and has many obstacles to overcome. There are milestones to along the way to reach and the rewards is worth the hard work. Just stay focus in your life goals and you will make it good.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,740
  • Nov 25, 2015 11:51am Nov 25, 2015 11:51am
Quoting tibovwh
Not a great day. 2 30M Signals on GBPCAD and GBPNZD. Both following previous Day(s) close. Away from WOL/DOL/EMA's. No cigar Still a bit unsure on my template. I had decided on 30M with a 4H TDI under but I'm now thinking this x8 multiple is a bit too high. 30M - 1H (x2) 30M - 4H (x8) 1H - 4H (x4) The last one sounds best I guess. What do you think? I liked the 30M for a bit it gave some signals early. Like EUR moves today were a bit easier to trade in 30M than in 1H. Initial move was strong and then comes the question do we chase a 'big' bar...

Lower timeframes don't give early signal. They give retracement entries but only after the trade setups in the higher timeframe are confirmed.

Read Dr Alexander Elder book on Triple Screen System trading technique.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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