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Trading Made Simple

  • #65,561
  • Feb 7, 2016 5:22pm Feb 7, 2016 5:22pm
I see a EURUSD weekly up trend, is it a solid signal to trade?
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  • #65,562
  • Feb 7, 2016 6:03pm Feb 7, 2016 6:03pm
Quoting v2vboni
{quote} Thanks... Looks perfect! {image}
Quoting v2vboni
...keep it goin' {image}
Hi v2vboni

We like to keep this thread strictly for posting TMS 5-Method charts only.
We trade with the APB, TDI and Stochastic only.

Our chart templates can be found in Post#25. Use that template.

Thank you.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,563
  • Feb 7, 2016 6:07pm Feb 7, 2016 6:07pm
Quoting verglas
I see a EURUSD weekly up trend, is it a solid signal to trade? {image}

Hi,

EURUSD Monthly has been sideways for months.

Last week, we saw a nice rally up to the high of that range.
Most likely it will go sideways in the lower timeframe.
Preferably, I wait in H4 for a retracement and look for buy setups.
Market sentiments is still bullish USD.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 06 triple screen.png Size: 68 KB


Trade Well,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,564
  • Feb 7, 2016 6:13pm Feb 7, 2016 6:13pm
Quoting Ygr
WRB and and pop gun? I apologize for my newness!

WRB = Wide Range Bar
WRB introduction in the pdf TMS 5-Method Basic Rules: Post#53,842
Wide Range Bar study: Post#54,551

Pop Gun:
Attached Image


http://www.forexfactory.com/showthread.php?p=6549743#post6549743

Pop Gun is explained in the pdf here (on page 24 "How to use Bar Patterns to spot trade setup".)

http://www.forexfactory.com/showthread.php?p=7273348#post7273348

Stick to one trading method, learn it and master it.
TMS 5-Method is a trend trading method and you need to master this and use a proven money management strategy to help you make money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,565
  • Feb 7, 2016 6:25pm Feb 7, 2016 6:25pm
From TMS monitor AU daily strong sell

weekly long pinbar, daily price is above 10ema but TDI is good. One problem price is above monthly s/r level just only 40pips

Cheers,
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  • #65,566
  • Feb 7, 2016 6:46pm Feb 7, 2016 6:46pm
Quoting pete.alfa
From TMS monitor AU daily strong sell weekly long pinbar, daily price is above 10ema but TDI is good. One problem price is above monthly s/r level just only 40pips Cheers, {image}
Hi Pete,

TMS Monitor give the alert and you did the right thing and do the top down analysis again.

One D1 candle will not reverse this AU pair. Friday's NFP cause the huge pull back catching all the buyer stops.

For me it is still buy only until I see reversal.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,567
  • Feb 7, 2016 7:30pm Feb 7, 2016 7:30pm
Quoting emmanuel7788
{quote} Gold hit targets .... thanks US PMI misery. Now where to next? you wanna to make a technical guess? {image}

XAUUSD hit 1168. and now our next target levels

... can take days.... buy, build and hold


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 06 next levels.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,568
  • Feb 7, 2016 8:24pm Feb 7, 2016 8:24pm
Quoting juisen25
{quote} awesome result. why market get volatile bcz of China bank holidays. do the move favor of USD or against the USD

the market volatility has nothing to do with whether Chinese bank holidays or not.
there is liquidity flow between different markets, with most Asian stock markets closed today for the Lunar New Year, there is still liquidity flow between the Asia market to the European markets and to the US markets. Money in the market has to flow somewhere, and lots of Chinese money out there for sure this week. It is time of the year when the Chinese are in their spring festival mood to make more money... (others gamble in casinos).
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,569
  • Feb 7, 2016 8:28pm Feb 7, 2016 8:28pm
Quoting MaxZen
How do we feel about this potential long on Usd/Cad D1 if we get a strong cross? It's bouncing of late Dec support. {image}

USDCAD D1 not ready for Buy positions trading yet.
Will take at least 2 weekly candles to see a bullish reversal.
Let it reverse then wait for a confirm bullish 'trend' then we can PLAN, BUILD and RUN again in the coming weeks.

Meantime, may be we can catch some of the bullish correction move in lower TF.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,570
  • Feb 7, 2016 8:38pm Feb 7, 2016 8:38pm
Pop Gun trade setup example:

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,571
  • Feb 7, 2016 11:40pm Feb 7, 2016 11:40pm
Quoting emmanuel7788
EURAUD 5 Feb H1 trade setup. attached pdf is my "answer". we must have a daily routine tasks when we want to trade H1 intraday. start the day by looking at how the previous days traded. use a simple Triple Screen view or simply switch your chart TF and remember a few details. we tend to look at the pros and cons of the trade setups, and also the risks. but we often forget the opportunities which lies ahead. {image}
Thanks for these detailed examples boss!! I love it on how you give up the breakdown step by step.. always learning and thank you!!

Zz
  • #65,572
  • Feb 8, 2016 12:01am Feb 8, 2016 12:01am
EURAUD 8 Feb:

H4 will close in 2 minutes. Do you sell?

H4 is against the D1 and W1.

Risk to last swing high is about 100pips.


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,573
  • Feb 8, 2016 3:57am Feb 8, 2016 3:57am
Quoting emmanuel7788
EURAUD 8 Feb: H4 will close in 2 minutes. Do you sell? H4 is against the D1 and W1. Risk to last swing high is about 100pips. {image}
Hi emmanuel, not enough space to achieve minimum 1:1 risk reward for a sell. Was drawing this an hr ago, went for swim came back and sure enough bounced off support..
Attached Image
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #65,574
  • Feb 8, 2016 4:56am Feb 8, 2016 4:56am
Quoting Downunder
{quote} Hi emmanuel, not enough space to achieve minimum 1:1 risk reward for a sell. Was drawing this an hr ago, went for swim came back and sure enough bounced off support.. {image}
Hi,

yes, R:R is important.
last Friday' D1 candle close was very strong which hit a historical 'resistance' 1.5770. And it is not a good idea to sell against such strong buying momentum.
no matter how steep the TDI Green angle is, it is never a good idea to trade against the higher TF especially during period when market liquidity is low.
we cannot tell if there are really buyers or sellers just by looking at the TDI angle.
The market uses such low liquidity to set up traders.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,575
  • Feb 8, 2016 5:43am Feb 8, 2016 5:43am
Quoting emmanuel7788
EURAUD 8 Feb: H4 will close in 2 minutes. Do you sell? H4 is against the D1 and W1. Risk to last swing high is about 100pips. {image}
Hi Em, How many different pairs do you trade at a time. I know you monitor quite a few but would you have trades open on multiple pairs at the same time?
By the way Queenstown and Te Anau are freezing, no good for your bones in retirement ;-)
Regards Rob
Your trade order needs to be in the right place at the right time.
  • #65,576
  • Feb 8, 2016 6:14am Feb 8, 2016 6:14am
EA shorted in Asian Session, not trading at LO , was not around
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I Have Learned to Take Some Losses to Make Profits
  • #65,577
  • Feb 8, 2016 6:40am Feb 8, 2016 6:40am
Went long on h4 Eur/Usd at the opening of the last candle because there was a good Tdi cross. Two hours later it has repainted and hit my 50 Pips SL. It now looks like the tdi just bounced off but it didn't looked like this at 2.am pacific when the candle opened. How do you guys confirm your signal? I thought that it looked good on D1 also.
Fortunately my second trade with GBP/USD went better.
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  • #65,578
  • Feb 8, 2016 7:07am Feb 8, 2016 7:07am
EJ
My first ME/ME trial... running good so far, + 125 pips

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2 x sell, after initial win of 90 pips I closed one position. To me, the chart still is looking good: S/R at BRN 129, next 128.8., TDI fine. Now I am not sure how to move on:

- add another short position at next retracement (or when?)
- just hold, close at TDI going flat or other sign of weekness

Any hints welcome...
Best regards, blackfriday
  • #65,579
  • Feb 8, 2016 7:41am Feb 8, 2016 7:41am
Quoting blackfriday
EJ My first ME/ME trial... running good so far, + 125 pips {image} 2 x sell, after initial win of 90 pips I closed one position. To me, the chart still is looking good: S/R at BRN 129, next 128.8., TDI fine. Now I am not sure how to move on: - add another short position at next retracement (or when?) - just hold, close at TDI going flat or other sign of weekness Any hints welcome...
Hi, im also at the same position. closed 80% of the trade after 70 pips and then moved SL to BE.
maybe ill add another position at retracement but for now i just monitoring the trade.
  • #65,580
  • Feb 8, 2016 7:45am Feb 8, 2016 7:45am
Quoting blackfriday
EJ My first ME/ME trial... running good so far, + 125 pips {image} 2 x sell, after initial win of 90 pips I closed one position. To me, the chart still is looking good: S/R at BRN 129, next 128.8., TDI fine. Now I am not sure how to move on: - add another short position at next retracement (or when?) - just hold, close at TDI going flat or other sign of weekness Any hints welcome...

This is how I look this pair after some experienced traders shared their view last week.
http://screencast.com/t/WWYTKNvEOq

look at your upper timeframe (D1),
I think the party(downtrend) is just getting started....

Big Emm said PLAN, BUILD, RUN
I think that's how he nearly double his balance in one trading cycle (20 days)

is that correct?
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