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Trading Made Simple

  • #69,181
  • May 24, 2016 6:23am May 24, 2016 6:23am
Quoting ven16
{quote} hi Chamane, how would you get that support and resistance area, is there any indicator? if it possible can you please share that. thanks
Here it is.

Attached Image
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File Type: ex4 SR_zones.ex4   75 KB | 422 downloads
  • #69,182
  • May 24, 2016 6:32am May 24, 2016 6:32am
Quoting chamane
{quote} Here it is. {image} {file}
thank you...
  • #69,183
  • May 24, 2016 7:00am May 24, 2016 7:00am
Quoting emmanuel7788
{quote} Hi, If you recall this post: http://www.forexfactory.com/showthre...45#post8934445 I had planned to buy on Day chart when price break the 1.5600 level. My trades taken before that were based on H4 and when those 5 trades were in profit and reached 1.5600, I close them and immediately re-open a new trade according to my trade plan with new % risk and position size. The re-entry has nothing to do with H4 setup and I do not have to wait for the H4 candle to close. Should the market retraces, then I will build position...
Hi,

Just wondering if its more conservative to buy at candle close in the day TF?
That will be my comfortable approach.

Even at day TF, TDI is at oversold region and i would think twice/thrice or more to enter.

Any thoughts?
  • #69,184
  • May 24, 2016 9:18am May 24, 2016 9:18am
Hey all,

I was just wondering if the indicators mentioned in the very first post are still current/valid. Or are there any updated versions hidden somewhere in this thread?

Also, I'm sure all the 3460+ pages so far are very valueable. Nonetheless, is there some kind of "summary" or study guide or help on where to start with this system? Or would you all just recommend to start at thread 1?

Thank you very much for your time.

Best regards,
Mike
  • #69,185
  • May 24, 2016 10:14am May 24, 2016 10:14am
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  • #69,186
  • May 24, 2016 10:56am May 24, 2016 10:56am
Quoting Mike1981
Hey all, I was just wondering if the indicators mentioned in the very first post are still current/valid. Or are there any updated versions hidden somewhere in this thread? Also, I'm sure all the 3460+ pages so far are very valueable. Nonetheless, is there some kind of "summary" or study guide or help on where to start with this system? Or would you all just recommend to start at thread 1? Thank you very much for your time. Best regards, Mike
Hi Mike1981, maybe this post can help you , there are some other posts with good links but I can only remember this one now.
  • #69,187
  • May 24, 2016 10:58am May 24, 2016 10:58am
Quoting leescofield
{image}
Hey what was your reasons for entering the trade, I was only looking at Buy for this pair
  • #69,188
  • May 24, 2016 12:13pm May 24, 2016 12:13pm
I thought this thread has died...
As for me, the reasons I will enter buy/long for a pair are
1. The latest candlestick has formed a reversal signal after a retracement (a reasonable downward movement) in a shorter timeframe
2. The bigger timeframe shows an uptrend movement
3. Positive news on that certain pair.

That may leave you to wait quite some time to 'wait' for the right setup of trade but I think it's better to trade less but profitable and less risk than to trade all times and break even at most.
  • #69,189
  • Edited 4:07pm May 24, 2016 1:52pm | Edited 4:07pm
Quoting tibovwh
Hi folks, Been a while.. I hope everyone is still doing well. Kind of busy with work but still trying to glance at my charts a few times a day and take trades on the D1 TF. I have a great last two weeks with ME/ME. I will try to keep this up (clearly this is unsustainable) and post regular summaries. {image} 6% since 11/05 {image} {image} {image} Currently some DD on GU but SL will move to below Friday when market opens Sunday. Good weekend all,
Wow .. looks nice ....

Do you use the Cavemanager to manage the MEME ?I d like to use it for daily Tms style entries ..
.. but need to play with the settings and I m really not skilled in settings.

Guido
Risiko birgt immer auch die Chance.
  • #69,190
  • May 24, 2016 6:20pm May 24, 2016 6:20pm
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 44 KB


Reason for enter :

1.TDI cross
2. good upward support structure with continuation.
3. good size and number of last reversal candles.
4.double inside bar break out.

Reason for exit :

1. almost end of NY session.
2. Near 1st Resistance line
3. BRN

Feel free make any comment.

Thanks
  • #69,191
  • May 24, 2016 9:16pm May 24, 2016 9:16pm
Quoting emmanuel7788
{quote} beig confused with TMS and with GBPUSD are two different things. first, you must not be confused with TMS. GBPUSD is going sideways with the MN 10EMA above the price action. on Weekly chart, the price action is 'trapped' between the 10EMA and 50EMA. {image}
Ok I consider. Thank you. I am not confused now.

With yesterday's price action on GU, would you consider building position on GU today?

Did you take any trade on G pairs yesterday?

Every time I missed a trending move like yesterday, I feel as if I had taken a loss.
  • #69,192
  • May 24, 2016 9:33pm May 24, 2016 9:33pm
Morning/Afternoon All- as a new member i am trilled to join this group. Over past week i have read many posts. Finally penny has click regarding MTF.

EURAUD H4 snapshot:
M, W & D - PA all above 10ema

In hindsight- trade could have run for longer (to round numbers 1.56, TDI near 68 etc), overall i am happy with positive trade.

While sharing first winning TMS trade i am now scanning the market as preparation is key to success. Wishing you all the best in your trading.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD - first trade.JPG Size: 105 KB
  • #69,193
  • May 24, 2016 9:37pm May 24, 2016 9:37pm
Quoting TheRock
{quote} Hey what was your reasons for entering the trade, I was only looking at Buy for this pair
I just think TDI cross，H1,H4.bounce down from s38.
  • #69,194
  • May 24, 2016 9:57pm May 24, 2016 9:57pm
Quoting inforserve
{image} Reason for enter : 1.TDI cross 2. good upward support structure with continuation. 3. good size and number of last reversal candles. 4.double inside bar break out. Reason for exit : 1. almost end of NY session. 2. Near 1st Resistance line 3. BRN Feel free make any comment. Thanks
Yes, I also opened buy at 109.54. But I still hold it. Hope have a good trade.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #69,195
  • May 24, 2016 10:02pm May 24, 2016 10:02pm
Quoting leescofield
{quote} I just think TDI cross，H1,H4.bounce down from s38.
BTW EURUSD is not good pairs to trade lower than H4 TF now,just my observation.H4 is good to trade EU.
  • #69,196
  • May 25, 2016 12:28am May 25, 2016 12:28am
Quoting emmanuel7788
EURAUD Week 20 ME/ME trades closed. Total 405pips. Re-entry to start a new basket {image}
sir, have some question for your trade:
1) when TDI green cross red reserval, why you not exit? because TMS exit rules is: 1)TDI go flat;2) TDI start to go hook over;3)TDI do a check mark reserval;
2) when the 1st and 2st is loss,why you add your position?
3) where is your SL when open 1st and 2st? and where is your SL when you open the last one?
thanks for your reply.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week20 MEME trades closed.png Size: 69 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #69,197
  • May 25, 2016 1:09am May 25, 2016 1:09am
Quoting Bluesky8635
{quote} sir, have some question for your trade: 1) when TDI green cross red reserval, why you not exit? because TMS exit rules is: 1)TDI go flat;2) TDI start to go hook over;3)TDI do a check mark reserval; 2) when the 1st and 2st is loss,why you add your position? 3) where is your SL when open 1st and 2st? and where is your SL when you open the last one? thanks for your reply. {image}
this trade is a fail trade，if follow the rule of his TMS is a bullshit trade！！
  • #69,198
  • May 25, 2016 1:49am May 25, 2016 1:49am
Quoting Bluesky8635
{quote} sir, have some question for your trade: 1) when TDI green cross red reserval, why you not exit? because TMS exit rules is: 1)TDI go flat;2) TDI start to go hook over;3)TDI do a check mark reserval; 2) when the 1st and 2st is loss,why you add your position? 3) where is your SL when open 1st and 2st? and where is your SL when you open the last one? thanks for your reply. {image}


this post will provide you the knowledge you need and will answer all your questions.
http://www.forexfactory.com/showthre...14#post8941914
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,199
  • May 25, 2016 1:50am May 25, 2016 1:50am
Quoting lucas101
{quote} this trade is a fail trade，if follow the rule of his TMS is a bullshit trade！！

ancient Chinese wisdom will make you a better person...

Attached Image (click to enlarge)
Click to Enlarge Name: Laozi - knows does not speak.png Size: 139 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,200
  • May 25, 2016 2:15am May 25, 2016 2:15am
Quoting antonym
{quote} Ok I consider. Thank you. I am not confused now. With yesterday's price action on GU, would you consider building position on GU today? Did you take any trade on G pairs yesterday? Every time I missed a trending move like yesterday, I feel as if I had taken a loss.
are you comfortable with Weekly price action?
what about the threat of 10EMA seen on Monthly, will that resistance be tested again? is there enough room for scale-out?

you do not need to use position building on GU if you have other entry options.
with single entry today, your SL will be 2-days look back i.e. below Monday' Day Low. you can consider H1 setup buy above today' Day Open when there is PA and stop loss will be below Asian session low....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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