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Trading Made Simple

  • #67,861
  • Apr 1, 2016 9:19am Apr 1, 2016 9:19am
sth confuse me.
Emm,what period the ATR that you use for SL=2ATR(H4).
I can't figure it out.
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  • #67,862
  • Apr 1, 2016 9:24am Apr 1, 2016 9:24am
Quoting gdfaria
{quote} I did read some posts about ME/ME. Maybe I understood it differently. At the first and second entries, all the signals I could see pointed to a bearish 'mini-trend' and a possible resistance in the Daily chart. All the 'original' TMS entry signals pointed to SELL. And I think we can agree that the first entry wasn't ideal (in hindsight, of course, which makes judging trades very easy). For instance: why not wait for the TDI to at least go flat? Or wait for a bullish breakout of any of the bearish Wide Bars. I just can't see what triggered...
gdfaria, don't worry..I am certain Emm. will only be too happy to explain to you and everybody else but first you must give that man a rest..it's the weekend..Just by looking at the questions you guys fire at him and his lengthy answers already tire me out...
the cautious seldom err....C
  • #67,863
  • Apr 1, 2016 10:27am Apr 1, 2016 10:27am
Quoting AcanaTrader
this is my result of two days ME/ME {image}
from your chart you need to break the high in order that a higher low is made and that will be an uptrend
the cautious seldom err....C
  • #67,864
  • Apr 1, 2016 10:29am Apr 1, 2016 10:29am
Hello friends:

Trying to put together a TMS trading plan and need advice please.

1. Being a newbie, I have decided to trade H4

2. Again, being a newbie, and taking Emmanuel's advice and I'll stick with; AUDUSD, EURUSD, GBPUSD, USDCAD, AUDJPY, EURJPY also USDJPY

3. For me:
Tokyo opens @ 4pm
London opens @ 12m
NY opens @ 5am

Based on the above info; which pairs, markets and periods of those markets should I concentrate on to maximize TMS success?

Thank you.
  • #67,865
  • Apr 1, 2016 10:31am Apr 1, 2016 10:31am
AUDCHF short position hit my tight sl. The trade was right I think.
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  • #67,866
  • Apr 1, 2016 10:39am Apr 1, 2016 10:39am
Quoting MoneyTalks58
AUDCHF short position hit my tight sl. The trade was right I think. {image}
yup you said it .sl too tight
the cautious seldom err....C
  • #67,867
  • Apr 1, 2016 11:18am Apr 1, 2016 11:18am
Quoting JosephXiX
Hello friends: Trying to put together a TMS trading plan and need advice please. 1. Being a newbie, I have decided to trade H4 2. Again, being a newbie, and taking Emmanuel's advice and I'll stick with; AUDUSD, EURUSD, GBPUSD, USDCAD, AUDJPY, EURJPY also USDJPY 3. For me: Tokyo opens @ 4pm London opens @ 12m NY opens @ 5am Based on the above info; which pairs, markets and periods of those markets should I concentrate on to maximize TMS success? Thank you.
when green cross red
  • #67,868
  • Apr 1, 2016 11:37am Apr 1, 2016 11:37am
Quoting Tekkies
{quote} when green cross red
As you know, one does not trade the TDI cross "blindly"! Other factors that need to be present. TDI cross is merely a "confirmation" of PA. Or am I missing something here?!
  • #67,869
  • Apr 1, 2016 12:01pm Apr 1, 2016 12:01pm
Quoting JosephXiX
{quote} am I missing something here?!
a try at humor
everybody is so serious
the big boys and girls tear each other apart
  • #67,870
  • Apr 1, 2016 12:12pm Apr 1, 2016 12:12pm
Quoting Tekkies
{quote} a try at humor everybody is so serious the big boys and girls tear each other apart
Thank you, I got it. I agree, it is important not to take things so seriously.
  • #67,871
  • Apr 1, 2016 2:11pm Apr 1, 2016 2:11pm
Quoting lastingwell
{quote}Not sure I understand your post, the X you have on there is on 28th which was Monday and yet you posted yesterday on this thread with charts? Another thing, unless your broker is unusual and has the order numbers running backwards, the bottom sell went in before the top one??
There's no flies on you
  • #67,872
  • Apr 1, 2016 2:37pm Apr 1, 2016 2:37pm
Quoting Next4467
{quote} There's no flies on you
Thunderwolf...

Thanks. I try to lighten things up sometimes so we are not so serious all the time... I enjoy humor too... you can do it too... no problem here...

There's no flies on you

Meaning????
  • #67,873
  • Apr 1, 2016 4:40pm Apr 1, 2016 4:40pm
Hi Guys,
First of all thank you very much for the valuable info on this thread.
I have a question

how do you guys identify range bound market?

Thank you
  • #67,874
  • Apr 1, 2016 5:12pm Apr 1, 2016 5:12pm
Quoting Tekkies
{quote} Thunderwolf... Thanks. I try to lighten things up sometimes so we are not so serious all the time... I enjoy humor too... you can do it too... no problem here... There's no flies on you Meaning????

can you visualize this...

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,875
  • Apr 1, 2016 5:17pm Apr 1, 2016 5:17pm
Quoting gdfaria
{quote} I did read some posts about ME/ME. Maybe I understood it differently. At the first and second entries, all the signals I could see pointed to a bearish 'mini-trend' and a possible resistance in the Daily chart. All the 'original' TMS entry signals pointed to SELL. And I think we can agree that the first entry wasn't ideal (in hindsight, of course, which makes judging trades very easy). For instance: why not wait for the TDI to at least go flat? Or wait for a bullish breakout of any of the bearish Wide Bars. Wouldn't those be good places...

Hi gdfaria,

sorry about posting those trade entries shown on H4 chart. Some members like to see my trade entries but when I post in the higher Tf charts, they cannot see the details.

Here below is what I see on Weekly chart an traded according to my Big Picture Plan and trade plan for week 12 and 13.
Simply follow the weekly candle.

Quoting pips29
{quote} gdfaria, don't worry..I am certain Emm. will only be too happy to explain to you and everybody else but first you must give that man a rest..it's the weekend..Just by looking at the questions you guys fire at him and his lengthy answers already tire me out...
everyday I take one Red pill for traders... some people take the blue ones...



Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week 12 and 13 seen in W1.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,876
  • Apr 1, 2016 5:22pm Apr 1, 2016 5:22pm
Quoting JosephXiX
{quote} As you know, one does not trade the TDI cross "blindly"! Other factors that need to be present. TDI cross is merely a "confirmation" of PA. Or am I missing something here?!

very important for TMS traders to know the forex basic stuff which Big E mentioned in his post#647.

TDI cross and bounce only show us the momentum of the price movements ... nothing more, not trade signal.

The key is the Price Action at Support and Resistance aka PASR
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,877
  • Apr 1, 2016 5:27pm Apr 1, 2016 5:27pm
Quoting JosephXiX
Hello friends: Trying to put together a TMS trading plan and need advice please. 1. Being a newbie, I have decided to trade H4 2. Again, being a newbie, and taking Emmanuel's advice and I'll stick with; AUDUSD, EURUSD, GBPUSD, USDCAD, AUDJPY, EURJPY also USDJPY 3. For me: Tokyo opens @ 4pm London opens @ 12m NY opens @ 5am Based on the above info; which pairs, markets and periods of those markets should I concentrate on to maximize TMS success? Thank you.

you will have a higher probability to succeed trading TMS on Daily ...
read all the 82 posts by eelfranz whom we all call Big E.

when you have done reading the 82 post, you will better understand why I trade D1 chart with ME/ME when Big E did not like the Daily because ... (of what)

Attached Image (click to enlarge)
Click to Enlarge Name: FF serach Daily by eelfranz.png Size: 139 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,878
  • Apr 1, 2016 5:29pm Apr 1, 2016 5:29pm
Quoting leescofield
sth confuse me. Emm,what period the ATR that you use for SL=2ATR(H4). I can't figure it out. {image} {image} {image} {file} {image}

I use 10-period ATR(10) on H4 chart

no need for fancy indicators.

keep it simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,879
  • Apr 1, 2016 5:35pm Apr 1, 2016 5:35pm
Quoting catalin_eros
{quote} I know I am missing something about WRB. Let's take again the AJ example, and let's assume the trend was up. So MN up, W1 up, and D1 goes up and finishes with a bullish WRB, which I marked as candle 1 in your chart. So only upward move until now. After the WRB we get candle 2, a candle that opens and closes inside the WRB. The notes on your chart say "If the previous daily candle is bullish, stay in the buyers side". So in AJ example candle 2 was bearish, so we need to look only for sell opportunities when candle 3 opens, according to...

This is what I do when I become confused.

I get rid of all the stuff that caused my confusion.

Then I can see the big picture again.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,880
  • Apr 1, 2016 5:39pm Apr 1, 2016 5:39pm
Quoting joe12345
Hi emmanuel: I sent you a PM earlier this week. Whenever time permits, would you be so kind to guide? Thank you very much.

sorry, I have many PMs this week... will try reply all this weekend but first is my family time and the little kiddos want to play with grandpa ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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