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Trading Made Simple

  • #70,401
  • Jul 27, 2016 7:29am Jul 27, 2016 7:29am
GBPUSD July 27 H1 trades taken with Price Action at Support and resistance PASR + TMS

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD July 27 H1 trades closed.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,402
  • Jul 27, 2016 11:57am Jul 27, 2016 11:57am
New member joining the group recently. Firstly, thanks so much for all the contributions and invaluable advice. I have traditionally traded equities thus far and now making the switch to FX. Am based in the U.S. and have used Interactive Brokers (IB) for my stock trading. Which broker do you guys recommend I use for my FX activity in the U.S. whereby I can use MT4 in order to establish the charts and set ups discussed in this group? IB has its own trading platform and does not utilize MT4. Also looked to open a demo on FXDD, however they no longer accept live accounts from the U.S., which is something I would want to switch over to after testing on demo. All suggestions welcome. Thanks in advance.
  • #70,403
  • Jul 27, 2016 1:23pm Jul 27, 2016 1:23pm
Quoting emmanuel7788
GBPUSD July 27 H1 trades taken with Price Action at Support and resistance PASR + TMS {image}
Nice trade! Are you trading the H1 TF again? I have been focusing on Daily and H4 BUT I hate to see missed opportunities!
Successful people do what unsuccessful people are not willing to do
  • #70,404
  • Jul 27, 2016 1:51pm Jul 27, 2016 1:51pm
Quoting TampaFX
{quote} Nice trade! Are you trading the H1 TF again? I have been focusing on Daily and H4 BUT I hate to see missed opportunities!
H4 - or H6, H8, etc. if using other platforms than MT4, have a lot more secure opportunities and you are not missing anything you won't get on H1. Emm uses ME/ME position build-up which requires both skill and the ability to stay in positions through retracements and not freak out at every printed candle. Look at this gold chart on H4 and tell us what you see.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 43 KB
Best regards, Zef
  • #70,405
  • Jul 27, 2016 6:02pm Jul 27, 2016 6:02pm
Quoting TampaFX
{quote} Nice trade! Are you trading the H1 TF again? I have been focusing on Daily and H4 BUT I hate to see missed opportunities!
Hi,

I do mostly Position Trading on D1 charts these days. But when I have time and look at my H1 charts and find good trade opportunities, I do take some intraday trades which I simply do 'set and forget' using multi-lot entry and exits. This way I do not need to check every hour, simply set and let them run until news time.
Yesterday was one of those days when there are 2 tier one data affecting the GBP in separate market sessions. A few traders were chatting during the early Tokyo session and the GBPUSD H1 chart was discussed.
The key thing to take note is when there are news/data release during the market session, it is better to wait till after the news/data release, then look for trade opportunities. Not to open any trade before the news/data release hour.

Trading H1 and lower timeframes demand that we are very good at reading price action. That is why X-man H1 thread is about "PA is the king". Big E thread here is where the "TDI is king".

regarsd,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,406
  • Jul 27, 2016 6:07pm Jul 27, 2016 6:07pm
Quoting chimung
{quote} That setup for SELL right? P/s: Thank you for keeping this thread alive

Hi,

that GBPUSD H1 - UK GDP release setup was for sell, but there were risk. Remember, GBOUSD has been in very narrow range seen on D1 chart with few Doji like candles. So we must pay attention to previous Day OHLC - Open, High, Low and Close as these are support and resistance too.

see chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD July 27 H1 UK GDP and FOMC POMO.png Size: 65 KB


there was also opportunity after the FOMC candle as setup.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,407
  • Jul 27, 2016 9:00pm Jul 27, 2016 9:00pm
Quoting ZeF
{quote} H4 - or H6, H8, etc. if using other platforms than MT4, have a lot more secure opportunities and you are not missing anything you won't get on H1. Emm uses ME/ME position build-up which requires both skill and the ability to stay in positions through retracements and not freak out at every printed candle. Look at this gold chart on H4 and tell us what you see. {image}
In my opinion, GOLD go into consolidation. We should wait a breakout for SELL postion.
  • #70,408
  • Jul 27, 2016 9:19pm Jul 27, 2016 9:19pm
Quoting emmanuel7788
{quote} Hi, that GBPUSD H1 - UK GDP release setup was for sell, but there were risk. Remember, GBOUSD has been in very narrow range seen on D1 chart with few Doji like candles. So we must pay attention to previous Day OHLC - Open, High, Low and Close as these are support and resistance too. see chart below. {image} there was also opportunity after the FOMC candle as setup. regards,
Hi Emm,
Because of narrow range on D1 chart, so i think it will go back to consolidation soon.
What do you think about this candle (see figure please)? Does it make new Support/Resistance line.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD July 27 H1 UK GDP and FOMC POMO_.png Size: 57 KB
  • #70,409
  • Jul 27, 2016 11:27pm Jul 27, 2016 11:27pm
Quoting chimung
{quote} Hi Emm, Because of narrow range on D1 chart, so i think it will go back to consolidation soon. What do you think about this candle (see figure please)? Does it make new Support/Resistance line. {image}
Hi Chimung,

Sorry for interrupting, I would like to make a comment to your question if this is fine!
According to the image posted, there has already been an existing support if you look to the left of the chart, which coincides with the current price action, causing price to stall and 'hesitate'.
Godwithus
  • #70,410
  • Jul 27, 2016 11:38pm Jul 27, 2016 11:38pm
Hi Emm

You recently mentioned potential of EURGBP setting up. Please find MTF- weekly, daily & currently i am waiting on closure of H4 candle for second ME. Provided PA closes above 10ema i am bullish. Hopefully photos illustrates MTF approach.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP- MTF 28-7-16.JPG Size: 76 KB
  • #70,411
  • Jul 28, 2016 12:14am Jul 28, 2016 12:14am
Quoting AndreasSYZ
{quote} Hi Chimung, Sorry for interrupting, I would like to make a comment to your question if this is fine! According to the image posted, there has already been an existing support if you look to the left of the chart, which coincides with the current price action, causing price to stall and 'hesitate'.
Hi AndreasSYZ,
Yes. You're right. There are existing support. But after news release, maybe that line (Support or Resistance) will change (in my point).
Feel free to correct me.
Thanks!
  • #70,412
  • Jul 28, 2016 12:32am Jul 28, 2016 12:32am
Hello to all, I ve been looking this thread for long time, but just decided to join today, I hope to learn as much I can about TMS, and count on your help to point me in the right direction.
Thanks
  • #70,413
  • Jul 28, 2016 3:08am Jul 28, 2016 3:08am
Quoting danely85
Hello to all, I ve been looking this thread for long time, but just decided to join today, I hope to learn as much I can about TMS, and count on your help to point me in the right direction. Thanks

Hi,

Have you read all of Big E' posts?
If you have, then set up your chart and post your demo trade charts.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,414
  • Jul 28, 2016 3:11am Jul 28, 2016 3:11am
Quoting caah
Hi Emm You recently mentioned potential of EURGBP setting up. Please find MTF- weekly, daily & currently i am waiting on closure of H4 candle for second ME. Provided PA closes above 10ema i am bullish. Hopefully photos illustrates MTF approach. {image}

Hi,

Weekly shows big candles and small candles ... its sideways.
Daily show many small candle... sideways narrow range.
Possible take small trades in H4 or H1.
1 pips = US$15, nice pair to trade.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,415
  • Jul 28, 2016 3:18am Jul 28, 2016 3:18am
Quoting emmanuel7788
{quote} Hi, I do mostly Position Trading on D1 charts these days. But when I have time and look at my H1 charts and find good trade opportunities, I do take some intraday trades which I simply do 'set and forget' using multi-lot entry and exits. This way I do not need to check every hour, simply set and let them run until news time. Yesterday was one of those days when there are 2 tier one data affecting the GBP in separate market sessions. A few traders were chatting during the early Tokyo session and the GBPUSD H1 chart was discussed. The key...
Hi Emmanuel, is this x-men's thrat you refer too? "X-Man's Super Simple system"
  • #70,416
  • Edited 3:54am Jul 28, 2016 3:41am | Edited 3:54am
Quoting chimung
{quote} Hi Emm, Because of narrow range on D1 chart, so i think it will go back to consolidation soon. What do you think about this candle (see figure please)? Does it make new Support/Resistance line. {image}

Hi,

Take note of the D1 high on July 26.
Also that FOMC H1 candle, it is a very volatile big candle driven up and down, and spread widened, very often price retraces back into such very big candle.

regards.

Edit:

See H1 chart below, potential H1 setup when close..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 30 Jul 28 H1 LO+2.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,417
  • Jul 28, 2016 3:59am Jul 28, 2016 3:59am
Quoting Rims
{quote} Hi Emmanuel, is this x-men's thrat you refer too? "X-Man's Super Simple system"

Yes.

here is the link:
http://www.forexfactory.com/showthread.php?t=327972

and if you trade M15, there is this thread by loveevery1 aka LE1.
http://www.forexfactory.com/showthread.php?t=345586

These are the only two thread starters who were following Big E' TMS from the beginning. I learn most of my trading from these two great TMS traders over the past 5 years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,418
  • Jul 28, 2016 11:28am Jul 28, 2016 11:28am
Quoting emmanuel7788
{quote} Yes. here is the link: http://www.forexfactory.com/showthread.php?t=327972 and if you trade M15, there is this thread by loveevery1 aka LE1. http://www.forexfactory.com/showthread.php?t=345586 These are the only two thread starters who were following Big E' TMS from the beginning. I learn most of my trading from these two great TMS traders over the past 5 years.
Thnx Emmanuel,
are you still in touch with X-men? i see his last post in that threat is over a year ago.

ps. i know the Loveevery1 threat. But X-mens methode seems to be very close to how I'm trading. So is more interesting to me as there are differences in details which can be very important. Devil hides in the details!
  • #70,419
  • Jul 28, 2016 1:30pm Jul 28, 2016 1:30pm
Entered EUR/USD short trade ,

Comments are appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 43 KB
  • #70,420
  • Jul 28, 2016 1:44pm Jul 28, 2016 1:44pm
Quoting Valentinik87
Entered EUR/USD short trade , Comments are appreciated {image}


hi,

[im no expert[ but on synergy tdi it is still overbought, and so is stocs,
you've got good trendline support and divergance from the last high too, also 200ema support ..however on the synergy apb's [you are using the old one] your h4 bearish candle does not have much momentum as it is still somewhat blue,


good setup in general but the tdi being ob, stocs being ob, and questionable momentum in your bearish apb would make me not jump in yet
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