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Trading Made Simple

  • #65,961
  • Feb 18, 2016 2:09pm Feb 18, 2016 2:09pm
Quoting emmanuel7788
EURCAD H4 trade: {image}
Hi Emmanuel,

This is limit buy order 0.2*ATR below your initial entry? Both entries are for half %-risk each?
  • #65,962
  • Feb 18, 2016 2:18pm Feb 18, 2016 2:18pm
Quoting tibovwh
{quote} Hi Emmanuel, This is limit buy order 0.2*ATR below your initial entry? Both entries are for half %-risk each?

this is counter trend and therefore more risky, so I reduce my lot size calculation to 0.1% using ADR 100 days.

we have Canadian data release today during NY session.... big one
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,963
  • Feb 18, 2016 2:20pm Feb 18, 2016 2:20pm
Quoting emmanuel7788
EURCAD H4 trade: {image}
Hi Emm!

I'm looking at the EURCAD based on the trade you just shared and the TDI seems to be hooking over on the 4H. However, the 1 Hour TF shows a possible bearish cross but since we are above the MBL on the 1H, does that validate short term bullish momentum?
I'm Darth Vader's lost child!
  • #65,964
  • Feb 18, 2016 2:33pm Feb 18, 2016 2:33pm
Quoting thaboonline
{quote} Hi Emm! I'm looking at the EURCAD based on the trade you just shared and the TDI seems to be hooking over on the 4H. However, the 1 Hour TF shows a possible bearish cross but since we are above the MBL on the 1H, does that validate short term bullish momentum?
Well, I look at H4 and that last bullish bar showed bullish momentum close. I ignored H1, but if I look at H1 now, I wait for the retracement and look for buy lower price.

Look at D1 chart. There is reaction at BRN and recent support seen to the left.
And this week, price was driven down to 1.5200 ahead of the data release today.
We shall see how the market will fill the stop/limit orders later.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD d1 chart 19 Feb D1 pull back at BRN.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,965
  • Feb 18, 2016 3:05pm Feb 18, 2016 3:05pm
Quoting emmanuel7788
{quote} Well, I look at H4 and that last bullish bar showed bullish momentum close. I ignored H1, but if I look at H1 now, I wait for the retracement and look for buy lower price. Look at D1 chart. There is reaction at BRN and recent support seen to the left. And this week, price was driven down to 1.5200 ahead of the data release today. We shall see how the market will fill the stop/limit orders later. {image}

Emm! Thank you my brother
I'm Darth Vader's lost child!
  • #65,966
  • Feb 18, 2016 3:21pm Feb 18, 2016 3:21pm
Valid trade ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #65,967
  • Feb 18, 2016 3:26pm Feb 18, 2016 3:26pm
I would suggest the last two bars are too small (though the final bar is still developing).
  • #65,968
  • Feb 18, 2016 3:37pm Feb 18, 2016 3:37pm
Quoting Dridzz
Valid trade ? {image}

I am waiting for Tokyo to open in a short while.

On H1, I want to see how it will close, if above 126.00

126.50 is my first target on H1.

On D1, there is 128.00 as my target but maybe not this morning.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,969
  • Feb 18, 2016 3:50pm Feb 18, 2016 3:50pm
Hi to all!
This is my first post in this thread. Some days ago i started to study it. Hope, that i will be a profitable trader in future with TMS
At the begining i try to trade H4 only. If I'll be sucessful in it, i go to H1
My first TMS trades UCAD and ECAD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ECAD.png Size: 92 KB
Click to Enlarge Name: USDCADH4.png Size: 89 KB
  • #65,970
  • Feb 18, 2016 4:02pm Feb 18, 2016 4:02pm
Quoting makron
Hi to all! This is my first post in this thread. Some days ago i started to study it. Hope, that i will be a profitable trader in future with TMS At the begining i try to trade H4 only. If I'll be sucessful in it, i go to H1 My first TMS trades UCAD and ECAD {image} {image}

Hi makron,

Welcome to TMS.

You have taken the big decision to start your trading journey. You won't be alone as there are many on this same journey.

Keep your trading charts they way they are now and you will get up there. The view on the way up is fantastic. There are milestone to reach, and you may 'trip and fall', along the way up but you won't roll down because there will others who will stop you. I have been up, fallen many times and there was always someone to catch me, I am still climbing.

Attached Image (click to enlarge)
Click to Enlarge Name: Lao Tze journey begins with one step.png Size: 1.2 MB


See you on the way.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,971
  • Feb 18, 2016 4:26pm Feb 18, 2016 4:26pm
Quoting emmanuel7788
{quote} Hi makron, Welcome to TMS. You have taken the big decision to start your trading journey. You won't be alone as there are many on this same journey. Keep your trading charts they way they are now and you will get up there. The view on the way up is fantastic. There are milestone to reach, and you may 'trip and fall', along the way up but you won't roll down because there will others who will stop you. I have been up, fallen many times and there was always someone to catch me, I am still climbing. {image} See you on the way.
Hi Emmanuel7788,

wise words. Also started my journey recently and it looks like a rocky road ahead of me!

Nice thread BTW.
  • #65,972
  • Feb 18, 2016 4:39pm Feb 18, 2016 4:39pm
Read Big E' Post#647 and interpret what he said in that post on your trading charts.

"Am I in or close to a consolidation area"

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 19 Feb H1 WRB.png Size: 42 KB


and look at the TDI Green line when it goes outside the blue band VB, and re-enters the VB and that H1 WRB appears... danger lurks (hidden) in that WRB.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,973
  • Feb 18, 2016 4:41pm Feb 18, 2016 4:41pm
Quoting emmanuel7788
{quote} I am waiting for Tokyo to open in a short while. On H1, I want to see how it will close, if above 126.00 126.50 is my first target on H1. On D1, there is 128.00 as my target but maybe not this morning.
I'm seeing a MC(3) in 1H and MC(3) in D1. Is this why your trade plan is to buy near the low of this region? But the weekly is looking so bearish and yesterday closed bearish also.

Could you explain a bit perhaps your reasoning to form this trade plan?

Best,
  • #65,974
  • Feb 18, 2016 4:53pm Feb 18, 2016 4:53pm
Quoting tibovwh
{quote} I'm seeing a MC(3) in 1H and MC(3) in D1. Is this why your trade plan is to buy near the low of this region? But the weekly is looking so bearish and yesterday closed bearish also. Could you explain a bit perhaps your reasoning to form this trade plan? Best,

those MC[3] in H1 but not in D1.
on D1 is just plain old WRB.

my trade plan has nothing to do with TMS. so I don't say anything in this thread. it is based on my analysis of that D1 WRB.

acronyms for the newbies;

MC[3] = Master Candle [3]
WRB=Wide Range Bar

MC[3] and WRB are big candles...what do they tell us?

read these post link below:
Master Candle : Post#28,556 pdf in Post#25,594
Master Candle (3): Post#54,546
WRB introduction in the pdf TMS 5-Method Basic Rules: Post#53,842
Wide Range Bar study: Post#54,551
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,975
  • Feb 18, 2016 4:57pm Feb 18, 2016 4:57pm
Quoting tibovwh
{quote} I'm seeing a MC(3) in 1H and MC(3) in D1. Is this why your trade plan is to buy near the low of this region? But the weekly is looking so bearish and yesterday closed bearish also. Could you explain a bit perhaps your reasoning to form this trade plan? Best,

ok, just PM you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,976
  • Feb 18, 2016 4:59pm Feb 18, 2016 4:59pm
Master Candle Break. Big Emm. any comments on this one?
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYDaily.png Size: 82 KB
  • #65,977
  • Feb 18, 2016 5:04pm Feb 18, 2016 5:04pm
Quoting pinoismo
Master Candle Break. Big Emm. any comments on this one? {image}

Hi,

Good one.

If you have been on H4, you would be up +50pips.

BTW, I don't trade this pair. Just quick look.

trade well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,978
  • Edited 6:16pm Feb 18, 2016 5:16pm | Edited 6:16pm
Saw this just now on USDCHF, picked up some regular divergence with the TDI on the 1H. The candle is pretty bearish at the moment but we'll see about that when it closes. Am I missing anything?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFmicroH4.png Size: 25 KB
I'm Darth Vader's lost child!
  • #65,979
  • Feb 18, 2016 7:12pm Feb 18, 2016 7:12pm
Threads like this are nothing but lies.. Show us your losers.. or at least show us your entire P/L so we can see how much you aren't making...

You only show your winners, very few inbetween. We all know you guys have jobs and do this for showing off.
  • #65,980
  • Feb 18, 2016 7:22pm Feb 18, 2016 7:22pm
Quoting allisonmagic
Threads like this are nothing but lies.. Show us your losers.. or at least show us your entire P/L so we can see how much you aren't making... You only show your winners, very few inbetween. We all know you guys have jobs and do this for showing off.
In reply, I would like to quote eelfranz's first post ...
Quoting eelfranz
If your not happy... please move on quietly. I'd do the same for you.
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