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Trading Made Simple

  • #66,981
  • Mar 13, 2016 10:09am Mar 13, 2016 10:09am
Quoting emmanuel7788
AUDJPY Week 11 Mar 14 to 18 Trading: D1 chart Big Picture Plan below: Monday Mar 14: wait for market open and check to see how the market reacts to China data release on last Saturday when world markets were closed. look for weekend price gaps and do not trade immediately. On the BPP below, you will see several MN Historical Swing levels in the area around current market. This pair is bullish and we should see buying up to the region between 86.00 and 87.50. Do not worry about any pivots or fibo levels because just by looking at the BRN 00 and RN...
I don't know what MA you are using but 200EMA is right now
not 87 besides does not matter if TMS traders don't believe EW harmonics (rather bold statement)but fact is all markets are based on EW which is based on human emotion.Core reason why corrections happen even if it goes against fundamentals.
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In trading, you have to be defensive and aggressive at the same time
  • #66,982
  • Mar 13, 2016 10:32am Mar 13, 2016 10:32am
Quoting emmanuel7788
{quote} Hi, The MN swing levels are seen using the Line Chart. The Line Chart shows the Close price of the OHLC and is a Simple Moving Average set to 1 period, close price. see charts below showing the MN price swing levels and how I use that. {image} {image} trading EURAUD would be challenging after last weeks big D1 WRB candle. The WRB range is wide enough for some good trades. It will most like be sideways but with the D1 price action is back in the sell zone, I will take sell trades with ME/ME. There was trade invalidation. See details on the...

Thank you for the reply. I am a bit confused about the following.

"with the D1 price action is back in the sell zone, I will take sell trades with ME/ME."

Could you explain a bit more about what do you mean by "back in the sell zone"?
  • #66,983
  • Mar 13, 2016 10:32am Mar 13, 2016 10:32am
Most so called facts are just opinions with no basis of facts..... only perceptions.....

I have seen harmonics fail just as often as they succeed- some people can make them work for them just like some people can make MA crosses work for them, and for them its a fact.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #66,984
  • Mar 13, 2016 10:42am Mar 13, 2016 10:42am
Hi to all!
Had only 4 trades last week. 2+ and 2 BE
Its very hard for me find good setups... but im learning
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  • #66,985
  • Mar 13, 2016 10:43am Mar 13, 2016 10:43am
Quoting emmanuel7788
AUDJPY Week 11 Mar 14 to 18 Trading: D1 chart Big Picture Plan below: Monday Mar 14: wait for market open and check to see how the market reacts to China data release on last Saturday when world markets were closed. look for weekend price gaps and do not trade immediately. On the BPP below, you will see several MN Historical Swing levels in the area around current market. This pair is bullish and we should see buying up to the region between 86.00 and 87.50. Do not worry about any pivots or fibo levels because just by looking at the BRN 00 and RN...
Hey Emm, Just a follow up question regarding your post. Where does the ADR(100) x 0.5 come into play? You refer to it as order distance, please could you explain what that means?
  • #66,986
  • Mar 13, 2016 10:52am Mar 13, 2016 10:52am
Quoting Davit
{quote} I don't know what MA you are using but 200EMA is right now not 87 besides does not matter if TMS traders don't believe EW harmonics (rather bold statement)but fact is all markets are based on EW which is based on human emotion.Core reason why corrections happen even if it goes against fundamentals. {image}
Hi Davit, been studying EW for a year now, I follow a simple approach to that, I implement it with TDI and it has helped me in many occasions , for building an entry or targeting a trade
I Have Learned to Take Some Losses to Make Profits
  • #66,987
  • Mar 13, 2016 10:55am Mar 13, 2016 10:55am
Hello friends,
some pics, how I understand BPP for AUDUSD. Please correct me, if I made mistake,
Thanks, Dan
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  • #66,988
  • Mar 13, 2016 10:56am Mar 13, 2016 10:56am
Quoting TheScorpS
{quote} Hi Davit, been studying EW for a year now, I follow a simple approach to that, I implement it with TDI and it has helped me in many occasions , for building an entry or targeting a trade
That's great Scorps.Trading is like painting.One can never say "I will never use black color" if he is a true artist.
Market are driven by emotion and that's a fact!
Green pips friend!
In trading, you have to be defensive and aggressive at the same time
  • #66,989
  • Mar 13, 2016 11:21am Mar 13, 2016 11:21am
had a pretty bad trade last week, shorting EURNZD.
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  • #66,990
  • Mar 13, 2016 11:27am Mar 13, 2016 11:27am
Thanks that ADR Ind. really helps which pairs to watch
  • #66,991
  • Mar 13, 2016 11:59am Mar 13, 2016 11:59am
BPP Week - 14 - 18 Mar.

AUDJPY and EURJPY - Bullish Bias.
USDCAD - Sell bias, target - 1.30380 - Monthly Hist S&R.

For EURJPY, i am not sure. On Weekly we have a nice swing low at a historical S&R, it looks good for bullish. However, on the D1, i see that price reached another hist S&R and also the 50 EMA. I will wait and see how it reacts to this level.

Will keep an eye on NZDUSD which might get out the ranging it has been in for a while.

What are you guys focusing on next week?

Stay focused,
Bill
Attached Images
focus, manage risk, rinse, repeat
  • #66,992
  • Mar 13, 2016 12:02pm Mar 13, 2016 12:02pm
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atheer1
  • #66,993
  • Mar 13, 2016 12:45pm Mar 13, 2016 12:45pm
Hi Atheer1
your concept is not TMS trading

Use HA + TDI


Regards, dan
  • #66,994
  • Mar 13, 2016 1:47pm Mar 13, 2016 1:47pm
Quoting Trader MT4
Hi Atheer1 your concept is not TMS trading Use HA + TDI Regards, dan
Sorry,I did not now that it was not permitted on this thread
atheer1
  • #66,995
  • Mar 13, 2016 2:04pm Mar 13, 2016 2:04pm
I know this isn't strictly TMS but I'm hoping someone can help.
I want to setup cave manager to do the following.
Initial tp=150 s/l= 50
When trade hits +50pips s/l moves to lock in 40 pips and then use a trailing stop of 20 pips.

Thanks
  • #66,996
  • Mar 13, 2016 2:11pm Mar 13, 2016 2:11pm
Quoting Next4467
I know this isn't strictly TMS but I'm hoping someone can help. I want to setup cave manager to do the following. Initial tp=150 s/l= 50 When trade hits +50pips s/l moves to lock in 40 pips and then use a trailing stop of 20 pips. Thanks

Hello Next,

See attached file for instructions. Everything you mentioned is easily set by cave manager and more.

Initial tp=150 s/l= 50 - PIC 1

When trade hits +50pips s/l moves to lock in 40 pips and then use a trailing stop of 20 pips. - Pic 2

The classic trailing stop is also available, along with 3 additional trailing options (by percentage of profit, by pairs ATR, by previous candle s high or low).
Attached Image (click to enlarge)
Click to Enlarge Name: Pic 2.JPG Size: 21 KB
Attached Image
Attached File(s)
File Type: pdf THV CaveManager EA v1.41.pdf   103 KB | 470 downloads
focus, manage risk, rinse, repeat
  • #66,997
  • Mar 13, 2016 3:43pm Mar 13, 2016 3:43pm
Hello Emmanuel

Here's my BPP for GBPNZD for the week.

DAILY
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4H
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I'm Darth Vader's lost child!
  • #66,998
  • Mar 13, 2016 3:44pm Mar 13, 2016 3:44pm
Quoting bill992
{quote} Hello Next, See attached file for instructions. Everything you mentioned is easily set by cave manager and more. Initial tp=150 s/l= 50 - PIC 1 When trade hits +50pips s/l moves to lock in 40 pips and then use a trailing stop of 20 pips. - Pic 2 The classic trailing stop is also available, along with 3 additional trailing options (by percentage of profit, by pairs ATR, by previous candle s high or low). {image} {image} {image}
Bill
Thanks for your help, i have set the following:-
takeprofit = 150
stoploss = 50

Use No loss Buffer = true
nolossafterpips = 50
nolossbuffer = 40

usetrailing stop = true
trailing stop = 20

will the trailing stop only activate after the no loss is activated?
  • #66,999
  • Mar 13, 2016 6:09pm Mar 13, 2016 6:09pm
Quoting eelfranz
Remember that not everyone sees the market and TDI the same way you do... {image}
a new trading week just open, remember this old post by Big E.

Attached Image (click to enlarge)
Click to Enlarge Name: trading artist.png Size: 561 KB


Have a good one
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,000
  • Mar 13, 2016 6:12pm Mar 13, 2016 6:12pm
Quoting bill992
{quote} Hello Next, See attached file for instructions. Everything you mentioned is easily set by cave manager and more. Initial tp=150 s/l= 50 - PIC 1 When trade hits +50pips s/l moves to lock in 40 pips and then use a trailing stop of 20 pips. - Pic 2 The classic trailing stop is also available, along with 3 additional trailing options (by percentage of profit, by pairs ATR, by previous candle s high or low). {image} {image} {image}

Quoting Next4467
{quote} Bill Thanks for your help, i have set the following:- takeprofit = 150 stoploss = 50 Use No loss Buffer = true nolossafterpips = 50 nolossbuffer = 40 usetrailing stop = true trailing stop = 20 will the trailing stop only activate after the no loss is activated?

thanks bill,



this is very good help for CM users.

Have a Good Trading week ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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