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Trading Made Simple

  • #68,241
  • Apr 12, 2016 11:05am Apr 12, 2016 11:05am
Did you guys see the RN as a natural S&R?
  • #68,242
  • Apr 12, 2016 11:19am Apr 12, 2016 11:19am
I'm having a lot of trouble these last days with placing orders... It seems that all I see are contradictory signals everywhere ;P When PA looks interesting, TDI tells me the opposite... when TDI looks good, PA or trend lines "ruin" the setup... Not to say the contradictory trends in different TFs...

Which signal should I trust more? Or really wait for most of them to 'line up' in the same direction?
I know PA is king, but I'm still not sure if I should trade breakouts of WRB or get in during retracements... or both?
  • #68,243
  • Apr 12, 2016 11:25am Apr 12, 2016 11:25am
But I think I see a pattern now; some /USD pairs seem to be in a high supply/resistence zone (A/U, G/U, E/U and NZD/U, look at the D1 and W charts).

I'm monitoring those pairs closely, maybe good selling opportunities will come by with good, clear entry signals and SL zones.
Do you guys agree? Disagree? I'd love to hear your opinions!
  • #68,244
  • Apr 12, 2016 11:56am Apr 12, 2016 11:56am
AUDJPY trade today:

MBL line was under 32 level ( extreme oversold) and has started to turn its direction to north.
TDI rebounce.
Broke the PAC. ( 5 ema if I added)
I wanted to take profit from correction and succeed.
+40 pips.
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  • #68,245
  • Apr 12, 2016 12:17pm Apr 12, 2016 12:17pm
Cross on TDI, but the rejection candle tells me not to enter.

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  • #68,246
  • Apr 12, 2016 12:20pm Apr 12, 2016 12:20pm
Quoting chamane
Cross on TDI, but the rejection candle tells me not to enter. {image}
I was watching G/U as well but those last two closed candles look scary, almost as if MM's were stop hunting
  • #68,247
  • Apr 12, 2016 12:24pm Apr 12, 2016 12:24pm
Quoting emmanuel7788
60 traders viewing this thread and only 22 are members ... come on folks, sign up at Forex Factory and join in this TMS family of traders. {image}
I was viewing, though I was not logged in.

However I need to familiarize myself with this system before start asking dumb questions.

You are doing a great job helping other traders here. Keep up the good work, Big Em.
  • #68,248
  • Apr 12, 2016 12:29pm Apr 12, 2016 12:29pm
Quoting kinitex
{quote} I was watching G/U as well but those last two closed candles look scary, almost as if MM's were stop hunting
Everything is set on the 1HR TF to go long.

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  • #68,249
  • Edited 8:12pm Apr 12, 2016 1:12pm | Edited 8:12pm
Quoting gdfaria
I'm having a lot of trouble these last days with placing orders... It seems that all I see are contradictory signals everywhere ;P When PA looks interesting, TDI tells me the opposite... when TDI looks good, PA or trend lines "ruin" the setup... Not to say the contradictory trends in different TFs... Which signal should I trust more? Or really wait for most of them to 'line up' in the same direction? I know PA is king, but I'm still not sure if I should trade breakouts of WRB or get in during retracements... or both?
The TDI is a very good indicator, but it is only reacting to price and so I can guarantee that you made some good observations.

Something you said is gold...... something to put the probabilities in your favor.... you either trade the breakout of the day or sessions, and or trade the extremes (retracement). how do you know the extremes, by paying attention to the ADR. One other thing, put up a 1H chart (any TF will do-but H1 will give you round # on time) and look at the times that price breaks out and retraces, look at many days and there just may be something good happing there, and repeats every day
(Well-most days) plus or minus a hour or so. This alone can make you profitable. Timing- very important. Hope this helps.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #68,250
  • Apr 12, 2016 1:57pm Apr 12, 2016 1:57pm
Quoting emmanuel7788
60 traders viewing this thread and only 22 are members ... come on folks, sign up at Forex Factory and join in this TMS family of traders.
Someone does not speak the language, for someone it is difficult and it is not clear, some hesitate to be stupid ...

For example, my very-very-very bad trade (GBPUSD, H4): I saw a great pin bar and impulsively opened for sale transaction. I got a stop-loss.
It was only after the stop-loss I saw WRB, I realized that the pin-bar was caused by the closure of the daily positions, I realized that it was necessary to open a purchase ... Why do I just have not seen this before ???

Incidentally, an interesting situation now on GBPUSD, H4 - new WRB (WRB-2 on chart) and two false breakout of its levels...

I dream of a school TMS. Maybe about TMS textbook...
It would be nice if there was a group in Skype for live TMS signals or lessons (Skype has an audible and visual signal of the message. It is more convenient than the monitor FF). Not a voice, only chat. I do not I do not understand the spoken language, but read the text and translate ...
For example, Emm writes - "Note on the EUR H4 good setup." After that, "students" begin to seek out it on the chart)... Just an idea ...
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  • #68,251
  • Apr 12, 2016 2:10pm Apr 12, 2016 2:10pm
I entered long on GBPUSD 1HR. Those pin bars on either sides of 4HR tell me some kind of hesitation. Looks more clear on 1HR. Let's see what the market says.

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  • #68,252
  • Apr 12, 2016 3:30pm Apr 12, 2016 3:30pm
This thing is going flat. I don't like it. Even on shorter TF, there is barely any move. I am thinking of closing that trade even with a small loss, but I will wait for a more obvious sign of price.

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  • #68,253
  • Apr 12, 2016 3:52pm Apr 12, 2016 3:52pm
Quoting iamsovereign
{quote} The TDI is a very good indicator, but it is only reacting to price and so I can guarantee that you made some good observations. Something you said is gold...... something to put the probabilities in your favor.... you either trade the breakout of the day or sessions, or trade the extremes (retracement). how do you know the extremes, by paying attention to the ADR. One other thing, put up a 1H chart (any TF will do) and look at the times that price breaks out and retraces, there just may be something good happing there, plus or minus a hour....
Thanks, those were good insights =)
  • #68,254
  • Apr 12, 2016 5:13pm Apr 12, 2016 5:13pm
Quoting chamane
This thing is going flat. I don't like it. Even on shorter TF, there is barely any move. I am thinking of closing that trade even with a small loss, but I will wait for a more obvious sign of price. {image}
Closed the trade. This pair is ranging heavily right now.
  • #68,255
  • Apr 12, 2016 5:17pm Apr 12, 2016 5:17pm
Quoting chamane
{quote} Closed the trade. This pair is ranging heavily right now.
I got +10 pips out of it
  • #68,256
  • Apr 12, 2016 6:25pm Apr 12, 2016 6:25pm
Good morning Folks,
we have less than one hour till Tokyo open, so I have time for some chatter.
yesterday I go the most PMs in one day and I dont have to time to reply them all yet. In fact I still have some PMs from last Friday which I have read. I dont have time to reply all but I will try my best find some time and reply them later part of this week.

Just reading through the posts you made after I went offline last night, I must say that eelfranz aka Big E would be very happy seeing that you all are focus in trading, sharing, discussions and helping one another here. No gossips, no arguments, no quarrels, etc. Keep the spirit of his thread positive and spread the positive energy everyday. Thank you to everyone.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,257
  • Apr 12, 2016 6:30pm Apr 12, 2016 6:30pm
Here is a quick review lesson for those trading the lower TFs.
Also I want to make my position very clear about trading the lower TFs.
I trade the M15 and H1 for many years with LE1 and X-Man. I know how difficult it is and especially for Newbies with less than 3 years trading experience.
What is important is that your learn Price Action trading and use the TDI as supporting indicator for you trade setup and entry decision. The APB is great for knowing when the potential phase change can happen but always with the TDI to support that phase change.
When you trade lower TF like M15, you get in and out of the market in a few hours. You do not hold your trades for more than a day unless you are following the Day direction or trend.

below training chart example using AUDUSD:


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,258
  • Apr 12, 2016 6:40pm Apr 12, 2016 6:40pm
Quoting emmanuel7788
AUDJPY open trades ... trying to catch the 'correction' ... hmmm very greedy. {image} we never know when the reversal will happen but when we follow the river up stream we will eventually come to its source. follow the rainbow, dare to dream,...
here is my update to the AUDJPY trades:
Closed 2 trades with profits +110pips, +190pips. Re-entry and with limit order to catch any possible retracement today.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,259
  • Apr 12, 2016 7:05pm Apr 12, 2016 7:05pm
Quoting emmanuel7788
{quote} Hi Folks, I just want to pick up this point made by Jaime on starting a new thread. About starting a new thread, well this has been frequent requested by members that I start a new thread. It is not an easy decision to simply start a new thread. It needs to be carefully thought through because it can affect other people lives when they learn from new thread which does not help them become better traders and be profitable. I do not believe in acting in rash manner starting a new thread overnight out of emotions. As one member shared with...

Hi TMS Folks,

I need you help and if you can spare your precious time and read this Post#68,087 and give me your feedback.

<quote>
If members feel strongly that we need a new thread to provide continuation to this Trading Made Simple. Please post and share with me your ideas, suggestions and what do you expect from a new thread. What do you see as a vision to move this thread Trading Made Simple forward another 5 years. What contributions and role will you play in the new thread should I start a new thread. I look forward to your feedback.
<unqoute>

Thank you to all of you who have give your feedback. I will take all these in and will have to come to a final decision after I get to hear from more members.

I wish everyone a good trading day ahead. I have home errands to run today and will check-in occasionally to see if anyone needs help with their trades.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,260
  • Apr 12, 2016 7:05pm Apr 12, 2016 7:05pm
Quoting emmanuel7788
{quote} here is my update to the AUDJPY trades: Closed 2 trades with profits +110pips, +190pips. Re-entry and with limit order to catch any possible retracement today. {image}
Hi Emm,

I can certainly understand why you would expect a retracement after the big move down last week. Very bearish bar in my eyes. The retracement inside that WRB was good for some aggressive pips. But it's not entirely clear to me why you would remain long on this pair now, when we are near the high of this WRB on the D1?

Best,
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