Attachments: Trading Made Simple

Trading Made Simple

#65,081
Jan 27, 2016 2:35am Jan 27, 2016 2:35am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,189 Posts

Quoting Islandfx911

Disliked

{quote} Hi Em, What do you see in these charts? Is there a chart that is worth monitoring? Have you got your eye on anything? Regards Rob

Ignored

Hi,

Nothing worth to trade on H4 for those USD and JPY pairs I posted.
It is either the H4 is against the D bias or they are all sideways.

regards,

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#65,082
Jan 27, 2016 2:40am Jan 27, 2016 2:40am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,189 Posts

Quoting SeaTheStars

Disliked

{quote} Or use the angle trendline tool in MT4. There you will have accurate degree numbers.

Ignored

there is something which is a lot easier than that MT4 angle tool.
you will find that also in all other trading platforms.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#65,083
Jan 27, 2016 2:43am Jan 27, 2016 2:43am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,189 Posts

Quoting Hpt

Disliked

Hello traders longer time that Im posting here, but I will show this trade.... how good TMS works only looking for S/R levels and trend , in this case using a fork for the trend entry TF is M30 , so wait and see EURAUD M30 {image} trade well

Ignored

I see you are a channel lover.
There is a thread for Andrews Pitchfork traders.
here: http://www.forexfactory.com/showthre...45#post8676545
you can share there and help those traders there how to trade the channel with TMS.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#65,084
Jan 27, 2016 2:54am Jan 27, 2016 2:54am

Bushy
Joined Jan 2016 | Status: Trader | 743 Posts

Quoting Hpt

Disliked

Hello traders longer time that Im posting here, but I will show this trade.... how good TMS works only looking for S/R levels and trend , in this case using a fork for the trend entry TF is M30 , so wait and see EURAUD M30 {image} trade well

Ignored

Could you tell me why you didn't enter on the previous high? Was it because you let it go into the resistance level and then trade rather than just hit it? or something else?

#65,085
Jan 27, 2016 3:16am Jan 27, 2016 3:16am

Islandfx911
Joined Jun 2015 | Status: Trader | 1,340 Posts

Quoting emmanuel7788

Disliked

{quote} Hi, Nothing worth to trade on H4 for those USD and JPY pairs I posted. It is either the H4 is against the D bias or they are all sideways. regards,

Ignored

Hi Em,
What then do you consider worth monitoring?
What have you got your eye on?
Regards
Rob

Your trade order needs to be in the right place at the right time.

#65,086
Jan 27, 2016 3:21am Jan 27, 2016 3:21am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,189 Posts

We have FOMC today during the NY session. Are you afraid to trade because of FOMC?

read post#4298

big news like FOMC seldom reverses the market. It create volatility to fill orders. If your limit and stop orders are too tight, chances is that they will get filled and you are out.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#65,087
Jan 27, 2016 3:29am Jan 27, 2016 3:29am

emmanuel7788
Joined Nov 2008 | Status: Trader | 50,189 Posts

Quoting Islandfx911

Disliked

{quote} Hi Em, What then do you consider worth monitoring? What have you got your eye on? Regards Rob

Ignored

Hi,

Nothing on H4, I look at D1 charts now. With both USD and JPY still strong but in retracement, I will look at shorting USD and JPY in short term.

regards,

Attached Image (click to enlarge)

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Attached Image (click to enlarge)

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett

#65,088
Jan 27, 2016 5:47am Jan 27, 2016 5:47am

tibovwh
Joined May 2015 | Status: Trader | 558 Posts

Emmanuel,

I was wondering how you managed that AUDUSD trade since the last update. Where did you take profits/losses or are you still in this trade?

I would love to see a 15M or 1H chart to see a full picture if you would find the time.

Best,

#65,089
Jan 27, 2016 6:00am Jan 27, 2016 6:00am

Fbps
| Joined Jan 2012 | Status: Trader | 208 Posts

Quoting emmanuel7788

Disliked

We have FOMC today during the NY session. Are you afraid to trade because of FOMC? read post#4298 big news like FOMC seldom reverses the market. It create volatility to fill orders. If your limit and stop orders are too tight, chances is that they will get filled and you are out.

Ignored

Good info. to know. Thanks Emmanuel.

#65,090
Jan 27, 2016 6:05am Jan 27, 2016 6:05am

Fxafrica
| Joined Sep 2015 | Status: Trader | 133 Posts

Quoting Dimi.A

Disliked

{quote} Hi guys, Fxafrica is correct. He's doing his homework and actually going back in the thread. This is what you all need to do guys! As for a visual guide for the TDI angle here is the old "clockface compass" many of us TMS traders used when we were first starting out with the TDI. We would line up the compass next to our TDI and if the TDI angle fell within the range of either the green area or red area it was a trade! So save this small picture and if you're in doubt, open the file, stick it next to your TDI and see if your TDI is sharp...

Ignored

Hi Dimi,

I took one of Big E training chart and add the compass. Please would you have a look and let me know if it is correct?

I see that the entry was indeed at a very good angle...5.xxx

thanks in advance.

Attached Image (click to enlarge)

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Name: training Angle.jpg
Size: 194 KB

FXafrica " it is in giving that you receive..."

#65,091
Jan 27, 2016 6:17am Jan 27, 2016 6:17am

Dimi.A
Joined Feb 2015 | Status: Senior Member | 399 Posts

Quoting Fxafrica

Disliked

{quote} Hi Dimi, I took one of Big E training chart and add the compass. Please would you have a look and let me know if it is correct? I see that the entry was indeed at a very good angle...5.xxx thanks in advance. {image}

Ignored

Yes! Beautiful angle :nerd:

#65,092
Jan 27, 2016 6:22am Jan 27, 2016 6:22am

floydd
| Joined Jan 2016 | Status: Trader | 70 Posts

Quoting emmanuel7788

Disliked

{quote} both the Weekly and Monthly is bearish. on the Day chart, it is sideways with a good range. I am still on the seller side until I see a bullish reversal.

Ignored

okay, i understand this completely. but let me play devil's advocate for a minute. alexander elder's come into my trading room book has often been recommended here, primarily for it's triple-screen method. in triple screen, you take your preferred trading time frame and consider it in light of one higher-order step (trend) and one lower-order step (action). so, if you're trading on the 4 hr chart, you'd also consider daily and hourly. in this instance, according to elder, it doesn't make sense to look at longer time frames, because you'll always be able to find a trend that's moving against you and the consequence is paralysis by analysis.

in what we're talking about here, i think the main time frame is 4 hr, and yet we're going out not only to daily for trend but also weekly and monthly. is this just an exception that proves the rule or is it the way it should be done or am i missing something altogether?

thanks.

#65,093
Jan 27, 2016 7:25am Jan 27, 2016 7:25am