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Trading Made Simple

  • #67,021
  • Mar 14, 2016 7:33am Mar 14, 2016 7:33am
Quoting emmanuel7788
GBPNZD Week 11 Mar14 ME/ME trading with Day IB breakout potential. Took +50pips and re-entry made. {image}
Why you dont afraid 2.1500 level?
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  • #67,022
  • Mar 14, 2016 9:11am Mar 14, 2016 9:11am
took below trade - sl 50 pips - will update with outcome.
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Fib(onacci) my way to glory
  • #67,023
  • Mar 14, 2016 9:46am Mar 14, 2016 9:46am
Quoting Lookleft
{quote} Hi antonym, Yes S/R can seem confusing at first. I mainly trade H1 so here is how I mark up my setup chart at the beginning of a week. Mark last months high/low and last weeks high/low. I have an indicator that shows yesterday's high/low, big round numbers and daily open (H4 traders might want to add weekly open). These are what I refer to as static S/R and are areas of interest. If price has recently stopped and not on one of the static areas a quick check until you get experience is to draw a line at that point and look back. If price...

Hello lookleft,

I took a trade today based on your teaching of the s/r on the EA. Glad it makes to the profit target. It's still just a demo trade but it gives me some confidence. Thanks for your invaluable teaching!
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  • #67,024
  • Mar 14, 2016 10:58am Mar 14, 2016 10:58am
EA_H1 long at NYO opens for +50 pips off 61.8 of the impulse move that was created with ECB
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I Have Learned to Take Some Losses to Make Profits
  • #67,025
  • Mar 14, 2016 12:00pm Mar 14, 2016 12:00pm
Quoting emmanuel7788
{quote} learn from professionals and system developers who work in institutions.
Hello Emmanuel,

I just want to aks if you can look over my Big picture plans for USD/Cad and Aud/Usd for this week.

AUD/USD

We are in a weekly uptrend but we hit the weekly resistance+the BRN 0.7600. I will wait for it to break those lines and the continue buying.
On h4 we see a Wide range bar, so we can switch to h1 and trade long as it got rejected by the low of the WrB.

USD/CAD
We have a downtrend and I want to sell if i see a good daily setup according to tdi and heiken ashi. On h4 we see another Wrb so again we can trade inside the ranges on h1 and then continue selling if it breaks the low.

I hope you have the time to correct my analysis. I would very appreciate that.

Thanks.
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  • #67,026
  • Mar 14, 2016 12:04pm Mar 14, 2016 12:04pm
made 7 pips - big deal i really shouldn't have took the trade in the first place as i entered too late on the second candle. i will look at it tomorrow and think why didn't i hold on!!!!!!!!! BOJ coming up so prob best not to have take it.
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Fib(onacci) my way to glory
  • #67,027
  • Mar 14, 2016 12:36pm Mar 14, 2016 12:36pm
Quoting billsmith
made 7 pips - big deal i really shouldn't have took the trade in the first place as i entered too late on the second candle. i will look at it tomorrow and think why didn't i hold on!!!!!!!!! BOJ coming up so prob best not to have take it. {image}
On the H1 it looks like you sold into some support (162.7).
  • #67,028
  • Mar 14, 2016 12:40pm Mar 14, 2016 12:40pm
Quoting antonym
{quote} Hello lookleft, I took a trade today based on your teaching of the s/r on the EA. Glad it makes to the profit target. It's still just a demo trade but it gives me some confidence. Thanks for your invaluable teaching! {image}
hi antonym,

what is indicator with white line?
can you share it?
thanks alot
Joining The 10%
  • #67,029
  • Mar 14, 2016 1:00pm Mar 14, 2016 1:00pm
Quoting Karado58
{quote} On the H1 it looks like you sold into some support (162.7).
thank you for the input will double check next time - i think it was a case of there are no good signals so lets take the next best one - not a good thing to do!
Fib(onacci) my way to glory
  • #67,030
  • Mar 14, 2016 1:47pm Mar 14, 2016 1:47pm
Quoting billsmith
{quote} thank you for the input will double check next time - i think it was a case of there are no good signals so lets take the next best one - not a good thing to do!
I hear you, and I'm guilty of it as well.
I've been away from TMS for well over a year. Left because I became a overwhelmed due to not being focused, and not allowing time to learn and digest the "basics" of this wonderful system.
I think most of us seek that "quick" shortcut, wanting instant success, then end up burnouts, or worst. Just as in life, we must first learn to crawl, before being able to walk!
We are indeed very lucky to have such a deep pool of knowledge available to us here; unselfish individuals that have so unselfishly shared so much throughout the years, till today. Keep in mind, what they know didn't come overnight, but took hard work and time to master and perfect.
I hope to start all over again in the very near future, but now with a different mindset.
  • #67,031
  • Mar 14, 2016 2:08pm Mar 14, 2016 2:08pm
Quoting Mbt
{quote} Hello Emmanuel, I just want to aks if you can look over my Big picture plans for USD/Cad and Aud/Usd for this week. AUD/USD We are in a weekly uptrend but we hit the weekly resistance+the BRN 0.7600. I will wait for it to break those lines and the continue buying. On h4 we see a Wide range bar, so we can switch to h1 and trade long as it got rejected by the low of the WrB. USD/CAD We have a downtrend and I want to sell if i see a good daily setup according to tdi and heiken ashi. On h4 we see another Wrb so again we can trade inside the...

Hi,

these 2 pairs were Big E' favourite pairs.

the direction of these two pairs is clear and should be 'easy' to trade...

so taking trade in lower TF like H4 would work out with a view of the previous week OHLC. some traders may trade the H1 but in the same direction with a view to convert their trades to H4 then to D1 ..by scaling in more trades .("let profits run").

H1 traders must always trade away from the day Open, away from the 50EMA and away from the 200EMA.

Details in my BPP below:

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 11 D1 chart BPP.png Size: 111 KB


Attached Image (click to enlarge)
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Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,032
  • Mar 14, 2016 2:14pm Mar 14, 2016 2:14pm
Quoting makron
{quote} Why you dont afraid 2.1500 level? {image}
from my SWOT analysis, that level 1.2550 is an opportunity not a threat.

I have no fear when I trade. I look after the downside of my trades, and let the market decide on the upside...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,033
  • Mar 14, 2016 2:23pm Mar 14, 2016 2:23pm
Quoting emmanuel7788
{quote} Hi, these 2 pairs were Big E' favourite pairs. the direction of these two pairs is clear and should be 'easy' to trade... so taking trade in lower TF like H4 would work out with a view of the previous week OHLC. some traders may trade the H1 but in the same direction with a view to convert their trades to H4 then to D1 ..by scaling in more trades .("let profits run"). H1 traders must always trade away from the day Open, away from the 50EMA and away from the 200EMA. Details in my BPP below: {image} {image} Trade Well.
Hello thank you for your fast response.

Is there an alternative to the ema 200 because unfortunately the mobile app that I use for trading can only show Ema up to 75.
Can I trade only with Ema 50?
  • #67,034
  • Mar 14, 2016 2:31pm Mar 14, 2016 2:31pm
Quoting TheScorpS
EA_H1 long at NYO opens for +50 pips off 61.8 of the impulse move that was created with ECB {image}

TSS,

very nice clean trade executed.

are you saying that you use the Mar10 Day High-Low as the impulse wave and took that trade using retracement of 61.8% as your support?

regards,

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,035
  • Mar 14, 2016 2:32pm Mar 14, 2016 2:32pm
Quoting emmanuel7788
{quote} Hi, these 2 pairs were Big E' favourite pairs. the direction of these two pairs is clear and should be 'easy' to trade... so taking trade in lower TF like H4 would work out with a view of the previous week OHLC. some traders may trade the H1 but in the same direction with a view to convert their trades to H4 then to D1 ..by scaling in more trades .("let profits run"). H1 traders must always trade away from the day Open, away from the 50EMA and away from the 200EMA. Details in my BPP below: {image} {image} Trade Well.
​Hi Emm, when you say "H1 traders must always trade away from the day Open, away from the 50EMA and away from the 200EMA" do you mean Asian daily open or your preferred session open?
  • #67,036
  • Mar 14, 2016 2:38pm Mar 14, 2016 2:38pm
Quoting Scrambleguy
{quote} ​Hi Emm, when you say "H1 traders must always trade away from the day Open, away from the 50EMA and away from the 200EMA" do you mean Asian daily open or your preferred session open?

Hi,

simply use your trading chart and what the day open is.
and stick to that.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,037
  • Mar 14, 2016 2:50pm Mar 14, 2016 2:50pm
Quoting emmanuel7788
{quote} Hi, simply use your trading chart and what the day open is. and stick to that. regards,
Many Thanks
  • #67,038
  • Mar 14, 2016 3:06pm Mar 14, 2016 3:06pm
To all new traders and newbies to this TMS thread. I recommend that you visit this new thread started by MrAussieFX link here:

http://www.forexfactory.com/showthre...67#post8813367

I have known MrAussieFX here in FF for some years now and he is one of the few good man and is also honest in what he does and share here in FF.

This TMS thread has been kept going by different members after our OP eelfranz aka Big E passed away in 2012.

It is difficult and take a lot of time for anyone coming to this thread for the first time to read all the posts and catch up. But when you do really want to learn to trade with TMS which is the 5-method, you must first read all the post by Big E.

You need to get to know Big E and his way of life hence his trading style.

These links below should help you to get started:
Trading made Simple for beginners : Post#52,707
A short history by pioneer member snarlyjack Post#110
Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,
After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432
In Post#1, he explained how he traded the H4 chart timeframe and he also trade the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.
Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.
TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template … Post#25

Recommendations:
Read all of Big E’ posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.



Have fun and make money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,039
  • Mar 14, 2016 3:17pm Mar 14, 2016 3:17pm
Quoting Scrambleguy
{quote} Many Thanks
this is what I mean.

My GBPNZD trade done using D1 chart and I show my trades in H1 to explain "Trade away from ..."

For this trade I will keep buying until the trade setup get invalidated on D1 chart TF.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,040
  • Mar 14, 2016 3:57pm Mar 14, 2016 3:57pm
Thank you Emmanuel ! I understand now better!
“Stops don’t limit profits — they prevent disasters.”
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