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Trading Made Simple

  • #67,321
  • Mar 22, 2016 9:04am Mar 22, 2016 9:04am
Quoting celord
Hello to all, I am taking this one, currentky is working... Any comments rally welcome !! AUDUSD {image}
Looks like good entry, but i didnt take, because my broker have other time, so H4 PA on my charts not very good
  • #67,322
  • Mar 22, 2016 9:06am Mar 22, 2016 9:06am
Had loss AU
Took BUOB, but did not wait for TDI cross up
Attached Image (click to enlarge)
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  • #67,323
  • Mar 22, 2016 11:16am Mar 22, 2016 11:16am
if you look at usd index and few other pairs EU and GU it did not confirm the AU up move also the candles (AU) were really small so no market momentum (i only look at 4 hour charts)
  • #67,324
  • Mar 22, 2016 11:52am Mar 22, 2016 11:52am
I am testing with demo. Below trade looked reasonable for me. And also today I took GBPAUD sell. I hope I am getting understand the fundementals of this system.

Edit: I also tried to get some pips from USDCAD.
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  • #67,325
  • Mar 22, 2016 2:03pm Mar 22, 2016 2:03pm
TMS-master, please answer my question
Had UJ loss
Reasons to take trade: good PA from strong resistance line, TDI cross+yellow line downwards, down trend on HTF
Reasons not to take: triple bottom on D1, IB breakout up D1 (but we have WRB on D1 and can trade H4 inside it)

So, i decided go short, but have a loss.
Masters, what do you think, i made mistake or no?
Attached Image (click to enlarge)
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  • #67,326
  • Mar 22, 2016 6:06pm Mar 22, 2016 6:06pm
Not many news on FF calendar today. But market is jittery. Will need time for the market to settle and meantime I re-look at all my trade plan for this week and make adjustments as the price action slowly will show the way. Gold is sideways and that says a lot about the various markets. Do not overtrade.

Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,327
  • Mar 22, 2016 6:07pm Mar 22, 2016 6:07pm
Quoting MoneyTalks58
I am testing with demo. Below trade looked reasonable for me. And also today I took GBPAUD sell. I hope I am getting understand the fundementals of this system. Edit: I also tried to get some pips from USDCAD. {image} {image}

2 good trade setups and well taken.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,328
  • Mar 22, 2016 6:10pm Mar 22, 2016 6:10pm
Quoting celord
Hello to all, I am taking this one, currentky is working... Any comments rally welcome !! AUDUSD {image}
Hi,

good trade setup and well taken.

I have open trades too and we shall see how the price action will be later and if that breaks above last week's high, we may see a CONTINUATION of the weekly candle.

manage this well.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,329
  • Mar 22, 2016 6:17pm Mar 22, 2016 6:17pm
Quoting Scrambleguy
{quote} Hi Emm, can you please tell me if you place more importance for s&r at the high and lows of the wicks or the open/ close of the candle?Regards

Hi,

It does not matter what you use to draw those horizontal lines on your chart. Support and Resistance is not a single line on the charts. What is more important is the use of CONFLUENCE of several other S&R used - BRN, RN, 50EMA, 200EMA, Previous week OHLC, etc. These are more than enough to find a possible CONFLUENCE zone where we will look at the Price Action and the TMS trade setups.

I use the Close price because it is easier for me to see using the Line Chart which show the Close price.
But on our TMS charts, we see the APB/HA colours, when you see pruice swing, there will be colour change in the APB/HA, you can also use that to look at recent support and resistance.

Simply choose one approach and stick to it consistently.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,330
  • Mar 22, 2016 6:23pm Mar 22, 2016 6:23pm
GJ long +50 pips , APB candle changed color and TDI cross on H1
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #67,331
  • Mar 22, 2016 7:29pm Mar 22, 2016 7:29pm
Hello Emm,
is this Master Candle?
Dan
Attached Image (click to enlarge)
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  • #67,332
  • Mar 22, 2016 7:50pm Mar 22, 2016 7:50pm
Quoting AcanaTrader
GBPAUD Short +124 W1 bearish D1 bearish H4 short signal close trade on W1 swing low 22 march 2015 {image}
Hi Acana,

please share me your EMA indicator (blue lines)

thanks, Dan
  • #67,333
  • Mar 22, 2016 7:58pm Mar 22, 2016 7:58pm
Quoting Trader MT4
Hello Emm, is this Master Candle? Dan {image}
Dan,

I believe yesterdays d1 closed slightly below the range of the potential MC(3), therefore it is not a MC(3).

Have a look at the following post and checkout the indicator attached which identifies Master Candles.

http://www.forexfactory.com/showthre...70#post7186270

Best,
N
  • #67,334
  • Edited 8:46pm Mar 22, 2016 8:29pm | Edited 8:46pm
Quoting TheScorpS
GJ long +50 pips , APB candle changed color and TDI cross on H1 {image}
Hello TheScorpS,

Great trading on GJ! Did you take any EA trade yesterday?

I saw a setup after the 2nd hour of London session, but didn't take it because it's against the yesterday resistance. However, later price moved in my favor.
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  • #67,335
  • Mar 22, 2016 8:45pm Mar 22, 2016 8:45pm
Quoting TheScorpS
EA short at LO for +50 pips, TDI crossing Red, MBL and 50L at the same time {image}
Is this a bounce trade, right?
Attached Image (click to enlarge)
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  • #67,336
  • Mar 22, 2016 8:54pm Mar 22, 2016 8:54pm
Quoting Trader MT4
{quote} Hi Acana, please share me your EMA indicator (blue lines) thanks, Dan
here
Attached File(s)
File Type: ex4 SimpleEMAv3.ex4   22 KB | 422 downloads
Joining The 10%
  • #67,337
  • Mar 22, 2016 10:30pm Mar 22, 2016 10:30pm
Quoting catalin_eros
{quote} Hello, Emm! I am curious how you would manage this trade: GC, H4, short. {image} I have just entered it, based on the break and close under the W1 WRB low (the black line) and you can see where my SL is. My TP is way lower, but I want to know where YOU would put the TP, since 60% of the W1 ATR is 242, and that would be only about 30 pips from my entry. Would you aim for 100%? Or 120%? Would you go for the MN S area?
Quoting emmanuel7788
{quote} Dr Van Tharp said: "If you want to maximise profits, you must be prepared to give up 50% of what the market gave you" This is very hard to do. Read post#30,133 Use Cavemanager feature - Trail by candle until you get stop out ... {image}

Catalin_eros,

here is the outcome if you had used Cavemanager to manage this trade.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,338
  • Mar 22, 2016 11:12pm Mar 22, 2016 11:12pm
Hi,

i am stationed in Singapore. May i know what indicator i can use to have the correct time reflected on my platform?
  • #67,339
  • Mar 22, 2016 11:27pm Mar 22, 2016 11:27pm
Quoting antonym
{quote} Hello TheScorpS, Great trading on GJ! Did you take any EA trade yesterday? I saw a setup after the 2nd hour of London session, but didn't take it because it's against the yesterday resistance. However, later price moved in my favor. {image}
EA trade was a valid TMS sell off after the APB candle changed color but I wouldn't suggest taking an entry on the setup as it would be a lot of retracement based on TL support at the time and double bottom

EA bounce trade, I didnt take entry after the first APB candle changed color due to EMA 200 support , but when LO candle closed below EMA 200, took the trade based on TDI confirmation too , the bounce helped too in taking the trade and this is what Big E describes as TDI bounce

GJ long had double bottom , APB candle changed color and TDI cross , was enough basic TMS setup
I Have Learned to Take Some Losses to Make Profits
  • #67,340
  • Mar 22, 2016 11:51pm Mar 22, 2016 11:51pm
EURAUD H1 setup in 10mins...

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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