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Trading Made Simple

  • #68,781
  • May 1, 2016 11:49pm May 1, 2016 11:49pm
Quoting emmanuel7788
Big Picture Plans for May Week 18 (May 2 to 6). My two top picks for this week. EURUSD and GBPUSD. also USDCAD sell only but narrow range down. {image} {image}
Thank you Emm!
“Stops don’t limit profits — they prevent disasters.”
  • #68,782
  • May 2, 2016 12:57am May 2, 2016 12:57am
Quoting Islandfx911
{quote} Try adding a horizontal line at 50 and set thickness and colour as required. I am not sure though if line will stay at constant 50 lvl during market hours. I don't believe you can set individual line colours in TDI {image}
Hi Islandfx911 , Thank you for your kind answer and I did arrived to the same conclusion by myself : to draw a horizontal line becauseTDI is actually not designed todo it .
regards
  • #68,783
  • May 2, 2016 4:18am May 2, 2016 4:18am
Hi Emm it's my first time here just like to ask for your take on AUDJPY as i am currently short 82.40 with all the data coming out tomorrow with the AUSSIE would it be a good idea to scale out of the position as next resistance is coming in at 79.60 thanks luch
  • #68,784
  • May 2, 2016 4:55am May 2, 2016 4:55am
Quoting emmanuel7788
AUDUSD Week 18 H4 Keep It Simple Trade using BRN and RN with TMS 5-Method Price Action. {image}
Hey my friend i am new on this thread. i know RN means round number but what is BRN?

And second favour i need do you use pivot s/r indicator or put it manually?
  • #68,785
  • May 2, 2016 5:11am May 2, 2016 5:11am
Big Round Number
No Pivots
Apply support & Resistance manually

Have a read of the link below
Post 68,715
Your trade order needs to be in the right place at the right time.
  • #68,786
  • May 2, 2016 5:13am May 2, 2016 5:13am
Quoting Islandfx911
Big Round Number No Pivots Apply support & Resistance manually Have a read of the link below Post 68,715

Thx mate :
  • #68,787
  • May 2, 2016 6:04am May 2, 2016 6:04am
Quoting lotsofsweet
{quote} Hey my friend i am new on this thread. i know RN means round number but what is BRN? And second favour i need do you use pivot s/r indicator or put it manually?

BRN = Big Round Number ... '00'
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,788
  • May 2, 2016 6:08am May 2, 2016 6:08am
Quoting luch67
Hi Emm it's my first time here just like to ask for your take on AUDJPY as i am currently short 82.40 with all the data coming out tomorrow with the AUSSIE would it be a good idea to scale out of the position as next resistance is coming in at 79.60 thanks luch

Tomorrow is AUD rate announcement by RBA and also Japan bank holidays.
RBA will most likely hold its rate at 2.0%.
Technically, I see potential retracement after last week' big drop.


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,789
  • May 2, 2016 7:52am May 2, 2016 7:52am
Hi Emm,

Just change my com. Can u link me to the latest post for the indicators?
  • #68,790
  • May 2, 2016 8:45am May 2, 2016 8:45am
Quoting jeff90
Hi Emm, Just change my com. Can u link me to the latest post for the indicators?
google
You don't need the indicator,we're the same time zone.
Set an alarm
8:00AM Tokyo open
3:00PM Frankfurt open
4:00PM London open
9:00PM NY open
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  • #68,791
  • May 2, 2016 9:12am May 2, 2016 9:12am
hallo everyone, followers of the thread. this is my first post, although i've been following the thread more than half a year.
some words about my history of being tms demo trader:
i started my study of markets 12 years ago, but this was a tough study)), i mean i lost some 27k bucks in 10 years,
and after counless margin calls i decided that fx is not mine, that i can't do any pips in fx.and left the fx
2 years ago.but 6 months ago somewhere in google, i found this wonderfull tms thread)). and this is the first time
when i am having consistent profits almost every month. before the thread i did'n even know what the risk management is, what is it looks like when
you make consistent profits. want to thank big e(r.i.p), snarlyjack, sad that he is not able to follow the thread,
and of course best mentor big emm(i see him as my personal mentor even if we didn'n have any chat yet))), thanks
to catalin for posting many great charts,and other seniors of the thread.wish every succesfull member shares his charts to help newcomers
i'll rty to post my charts as other members, but i think i won't be too active, because i try to trade only d1 timeframe, and don't have much trades i a month.
so, let's begin with the 6 month results, and april results
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  • #68,792
  • May 2, 2016 9:30am May 2, 2016 9:30am
2016 april mt4 demo results
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  • #68,793
  • May 2, 2016 7:12pm May 2, 2016 7:12pm
Quoting emmanuel7788
Big Picture Plans for May Week 18 (May 2 to 6). My two top picks for this week. EURUSD and GBPUSD. also USDCAD sell only but narrow range down. {image} {image}
Thank you Emm!! My goal this week is to work on divergence =) and why we use the BRN and RN!
  • #68,794
  • May 2, 2016 9:05pm May 2, 2016 9:05pm
Hello,

Here is EU M15 chart. Is it a valid MC breakout trade to buy if a candle closes above the high of MC and the TDI confirms it by crossing upwards?

Attached Image (click to enlarge)
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  • #68,795
  • May 2, 2016 10:50pm May 2, 2016 10:50pm
AUD RBA Cash rate in about 45mins.
AU already ran ahead of this announcement. Watch out the volatility... first spike then we see what the direction will be for the rest of the week.
Does the smart money know before we retail traders?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,796
  • May 2, 2016 11:28pm May 2, 2016 11:28pm
Quoting TrendyRanger
Hello, Here is EU M15 chart. Is it a valid MC breakout trade to buy if a candle closes above the high of MC and the TDI confirms it by crossing upwards? {image}

Hi,

There is a H4 WRB much earlier after last night US weaker ISM PMI data and all the H1 candles are very small. Market is waiting for something to happen.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,797
  • Edited May 3, 2016 12:02am May 2, 2016 11:33pm | Edited May 3, 2016 12:02am
Quoting emmanuel7788
AUDUSD Week 18 H4 Keep It Simple Trade using BRN and RN with TMS 5-Method Price Action. {image}

Got my 50pips before the RBA announcement.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 18 H4 BRN trading.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,798
  • May 3, 2016 1:51am May 3, 2016 1:51am
Quoting Jenn4rex
{quote} Thank you Emm!! My goal this week is to work on divergence =) and why we use the BRN and RN!

Your immediate goal should be working on a business plan for forex trading as a business.
Divergence is not important and not even necessary for the 4H Short Swing trading and Day Position trading.
In your business plan should be the trade plans with the various types of TMS setups you will look for and to trade them.
Your Entry and Exit strategy and Money Management strategy for 4H Swing and Day Position trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,799
  • May 3, 2016 1:58am May 3, 2016 1:58am
Hi Em,
A good start to the month. I had done my BPP over the weekend and came close with S & R levels on EU an GB. I also liked GA due to GB strength and Aussie weakness.
Thanks for your ongoing support on FF
"It pays to plan"
Regards
Rob
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 70 Pips.png Size: 38 KB
Click to Enlarge Name: GU 70 Pips.png Size: 38 KB
Click to Enlarge Name: GA 423 Pips.png Size: 43 KB
Your trade order needs to be in the right place at the right time.
  • #68,800
  • May 3, 2016 1:59am May 3, 2016 1:59am
Quoting jamboole
hallo everyone, followers of the thread. this is my first post, although i've been following the thread more than half a year. some words about my history of being tms demo trader: i started my study of markets 12 years ago, but this was a tough study)), i mean i lost some 27k bucks in 10 years, and after counless margin calls i decided that fx is not mine, that i can't do any pips in fx.and left the fx 2 years ago.but 6 months ago somewhere in google, i found this wonderfull tms thread)). and this is the first time when i am having consistent profits...
Hi jamboole,

I think you will do okay and when you continue learning here and put into and practice what you learn using demo account. Treat your demo trading like what you would be doing when you trade live with real money.

Think and trade like an investor should be the direction. Think of how you want to grow your money and making your money work for you. Think of our hard-earned money and the preservation of our trading capital is top most important.
The trouble with most retail traders is that they trade with small accounts and they trade like punters thinking and knowing they are trading with "money they can afford to lose". I know some trading coaches use to say this to their students "trade with money you can afford to lose'. That is a loser mindset.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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