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Trading Made Simple

  • #69,601
  • Jun 16, 2016 1:29am Jun 16, 2016 1:29am
Quoting hsn100
{quote} Thank u emmanuel7788, at the moment i've one opened trade on D-chart, i.e, of GN with TP 1.96130 (weekly resistance) and SL 2.07019. I took trade two days ago, when PA has broken the resistance approx at about 2.03587. Regards, {image}

you are trading in the D1 Master Candle, tight range....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,602
  • Jun 16, 2016 1:34am Jun 16, 2016 1:34am
Quoting emmanuel7788
{quote} did you look at the D1 charts for the UJ,EJ and GJ? they were all in sell zone for many days. they needed a little push by BoJ... once they broke the previous MN Low, you let profit run with bigger %risk and lot sizes.
I saw previous support at 106. Could have tightened to 2-days SL but had a bit too much USD exposure.
  • #69,603
  • Jun 16, 2016 1:35am Jun 16, 2016 1:35am
You're absolutely right, actually weekly and daily trend is down for GN and GBP has also weakened for the last few days, that's why i entered into this trade, now have to keep an eye on it.
Best Regards,
Winners Never Quit, Quitters Never Win
  • #69,604
  • Edited 1:53am Jun 16, 2016 1:36am | Edited 1:53am
Quoting hsn100
You're absolutely right, actually weekly and daily trend is down for GN and GBP has also weakened for the last few days, that's why i entered into this trade, now have to keep an eye on it. Best Regards,

actually it is Kiwi that ran out of steam this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,605
  • Jun 16, 2016 1:47am Jun 16, 2016 1:47am
Quoting emmanuel7788
{quote} actually it is Kiwi that ran out of team this week.
you're right kiwi has lost some bullish momentum.
Winners Never Quit, Quitters Never Win
  • #69,606
  • Jun 16, 2016 1:56am Jun 16, 2016 1:56am
Quoting tibovwh
{quote} I saw previous support at 106. Could have tightened to 2-days SL but had a bit too much USD exposure.

that 106.28 support was there, but once broken, there is no support until much lower 105.23 and 103.20

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 24 trigger to sell.png Size: 44 KB


I see more downside but not easy with today big candle unless, of course, it is done with ME/ME.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,607
  • Jun 16, 2016 2:31am Jun 16, 2016 2:31am
Quoting emmanuel7788
{quote} See attached pdf on GBPJPY price action and market type. I traded GBPUSD yesterday because of FOMC not becasue it was a better choice yesterday. I have GJ, GA and GCad trades running since last week. {image}
Thank you Sir.
"The following day continuation and close in a sell zone. This is the beginning of the market type "Let profits run" phase."

Why does the bearish continuation candle on June 3 mark the beginning of a trending market type? The word "sell zone" means a close below the historical swing level?

Sorry for my bad english. I am trying to understand this sentence.

Thank you.
  • #69,608
  • Edited 3:30am Jun 16, 2016 3:09am | Edited 3:30am
H1 trade with H4 WRB as support and resistance.
Entry : 5 bars reversal under resistance
Exit : Exit bit earlier since I miss calculated WRB support line. ( +20 pips )
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 31 KB
  • #69,609
  • Jun 16, 2016 3:14am Jun 16, 2016 3:14am
Quoting emmanuel7788
{quote} Hi, its GMT00:35 now worldwide. you are in Singapore, so that is 8:35am your local time. Tokyo open at 8:00am SG time, Tokyo 9:00am. I am a trend following trader and I use this TMS 5-Method as my core trading method for Intraday H1 trading, for 4H Swing trading and Position trading on Day charts. You see my chart template in all my recent posts. regards,
Hi Emm, Mind posting ur template and indicator?
  • #69,610
  • Jun 16, 2016 3:17am Jun 16, 2016 3:17am
Quoting inforserve
H1 trade with H4 WRB as support and resistance. Entry : 5 bars reversal under resistance Exit : Exit bit earlier since I miss calculated WRB support line. ( +20 pips ) {image}
HI infoserve,Will it hit 1.12brn and reverse?
  • #69,611
  • Jun 16, 2016 4:05am Jun 16, 2016 4:05am
Quoting jeff90
{quote} HI infoserve,Will it hit 1.12brn and reverse?
Sorry, I updated image file with buy & sell point.

Have look at attached swing high & low price action
Attached File(s)
File Type: pdf Swing High - Swing Low Price Action.pdf   112 KB | 598 downloads
  • #69,612
  • Jun 16, 2016 4:06am Jun 16, 2016 4:06am
Hello all.. Been away with life not giving much time to partake in this thread.. Hopefully I will be able to post more in the near future...

Trading has been great recently.. we have the referendum around the corner, we should see some good movement after...
It's in fear when people show what they truly value.
  • #69,613
  • Jun 16, 2016 4:14am Jun 16, 2016 4:14am
Quoting inforserve
{quote} Sorry, I updated image file with buy & sell point. Have look at attached swing high & low price action {image}
Can i say you go short after spotting the swing high?
  • #69,614
  • Jun 16, 2016 4:19am Jun 16, 2016 4:19am
Quoting jeff90
{quote} Can i say you go short after spotting the swing high?
Correct. Swing high reversal price action with S/R , TDI confirmation and MTF ( multiple time frame analysis )
  • #69,615
  • Jun 16, 2016 4:20am Jun 16, 2016 4:20am
Can say tat if it close below 5EMA, i can go short on this AUDNZD pair?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #69,616
  • Jun 16, 2016 6:19am Jun 16, 2016 6:19am
My trade this week so far
negative this week
anyone can point out is it my analysis incorrect on those SL trades?

AU
-50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 44 KB


EU
-40 pips
+60 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 48 KB


GU
+60 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 43 KB


NU
+60 pips
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 43 KB


UJ
-50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 42 KB


EJ
-60 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 44 KB
  • #69,617
  • Jun 16, 2016 7:17am Jun 16, 2016 7:17am
Hi Inforserve/Emm,

Looking for a reversal next. Swing Low, waiting for it to close after 5ema . Is my analysis correcy?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB
  • #69,618
  • Jun 16, 2016 7:28am Jun 16, 2016 7:28am
Is at the resistance, is it advisable to trade h1/h4? i looking to play the reversal. shld i trade long under h1/h4?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
  • #69,619
  • Jun 16, 2016 8:41am Jun 16, 2016 8:41am
Hi,Emm. Is it right to entry? thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP H4 June,16,2016.png Size: 48 KB


have some hesitate on USDCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF H4 June,16,2016.png Size: 59 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #69,620
  • Edited 4:27pm Jun 16, 2016 4:17pm | Edited 4:27pm
Quoting jeff90
Hi Inforserve/Emm, Looking for a reversal next. Swing Low, waiting for it to close after 5ema . Is my analysis correcy? {image}
Hi Jeff90

I am also learning TMS like you but I give what I know.
When I choose setup, I always try to have look higher time frame.
If higher time frame agree with current current trading time frame, I know there is high chance to win. ( not always )
In this case, it looks like consolidation on H4.
Also I notice that there is trend change when each session start & end ( again it's not always happen but be aware of this )

I am not sure what is your forex trading experience but I recommend have look at TMS resource in this forum.
I am sure that other senior members will give you good advice too.
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