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Trading Made Simple

  • #71,861
  • Oct 6, 2016 4:15pm Oct 6, 2016 4:15pm
EURGBP Oct 7

Did you see what just happen with EG?
many sellers will be force to cut loss unless they want to face margin call.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,862
  • Oct 6, 2016 4:18pm Oct 6, 2016 4:18pm
Quoting emmanuel7788
EURGBP Oct 7 Did you see what just happen with EG? many sellers will be force to cut loss unless they want to face margin call.

what the f**k just happened emmanuel???

GBP has plunged everywhere

GBP/USD dropped 700 pips in a few minutes!
  • #71,863
  • Oct 6, 2016 4:20pm Oct 6, 2016 4:20pm
I was watching the same, all GBP crosses, got 60 pips spread on GBPNZD

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  • #71,864
  • Oct 6, 2016 4:23pm Oct 6, 2016 4:23pm
Quoting emmanuel7788
{quote} I use the MN chart only to locate those MN price swing levels. I trade between those MN price swing. I mentioned this many times in all my BPP posts here. MN and W1 charts are use to see the Market Type, also mention many times in my post which of the three Market Types are good for TMS trading. read up on Martket Types by Dr Van Tharp, also Triple Screen Trading Systems by Dr Alexander Elder. There was no master candle MC on your D1 chart. You probably have a different Master Candle definition. I use MC[3]. Q. Do I enter a trade on a live...
I was not referring to APB 1. In my book, live candle = a candle that has not closed yet. Anyway, thanks for the explanations, Emm!
  • #71,865
  • Oct 6, 2016 4:26pm Oct 6, 2016 4:26pm
Quoting Incanus
I was watching the same, all GBP crosses, got 60 pips spread on GBPNZD {image}


damn it dude, I bet you wish you'd hung onto that short a little longer...
  • #71,866
  • Oct 6, 2016 4:26pm Oct 6, 2016 4:26pm
Quoting kain775
{quote} what the f**k just happened emmanuel??? GBP has plunged everywhere GBP/USD dropped 700 pips in a few minutes!
As a small retail trader I really don't know.
It can be just concindence what I based my BPP and trade plan.

But based on my own experience, I know that the D1 candle that closes aboev the 0.88396 level will be a big candle.

http://www.forexfactory.com/showthre...41#post9181341

Question is we TMS traders being retail traders, who do we follow?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,867
  • Oct 6, 2016 4:35pm Oct 6, 2016 4:35pm
No SL? Haven't learned from SNB crash.....?
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #71,868
  • Oct 6, 2016 4:36pm Oct 6, 2016 4:36pm
the market makers?
  • #71,869
  • Oct 6, 2016 4:39pm Oct 6, 2016 4:39pm
Quoting kain775
{quote} damn it dude, I bet you wish you'd hung onto that short a little longer...

we can only hold on for as long as our account deposit can handle the floating losses/drawdown. .. before we get margin call.

I did hung on to all my GBPAUD, GBPCAD and GBPNZD sell trades since last week with a total floating DD less than 5%.

After this huge GBP move, the TDI signal are no longer 'reliable' to trade with. It takes time to settle down back to normal.

Let's look at other non-GBP pairs to trade today and for the next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,870
  • Oct 6, 2016 4:42pm Oct 6, 2016 4:42pm
Quoting heispark
No SL? Haven't learned from SNB crash.....? {image}

Good one!

we can use "No SL*" but we can use Equity protection.

* SL means placing hard SL in our broker server.

But there is also POSL which means Power Out Stop Loss which can be use to protect our account like in the SNB case.
POSL are set in the broker server and brokers will honour these POSL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,871
  • Oct 6, 2016 4:44pm Oct 6, 2016 4:44pm
Quoting mokuro89
the market makers?

there are 3 to 5 different groups of traders in the forex markets.
market makers MM is just a broad classification. they fall into one of the five.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,872
  • Oct 6, 2016 4:45pm Oct 6, 2016 4:45pm
Quoting heispark
No SL? Haven't learned from SNB crash.....? {image}

we shall see what Oanda has to say about what happen today.

stay tune!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,873
  • Oct 6, 2016 5:01pm Oct 6, 2016 5:01pm
Quoting TheRock
I have been watching this thread since April 2016 and it's so funny that everyone posts winning trades all the time but nobody has a myfxbook link. Everyone is using TMS but no one has ever proved their success with it, not even Big E posted a link to myfxbook or trade explorer. Big Emm, please could you send me a link to your myfxbook via PM, so I can have a look at your trades please, you said in recent pages that you are happy to share with anyone that requests it. Thanks
@TheRock,

We talk via PM later.
I have a backlog of 4 -5 days of PMs which I first need to respond this weekend.

BTW, I have not seen any trades nor posts for few weeks/months. What is going on?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,874
  • Oct 6, 2016 5:12pm Oct 6, 2016 5:12pm
Quoting catalin_eros
{quote} I was not referring to APB 1. In my book, live candle = a candle that has not closed yet. Anyway, thanks for the explanations, Emm!

ok, good.

I have same understanding what a 'live bar / candle".
Most of the TMS entries on APB#1 and APB#2 are done in 'live bar/candle".
Big E entries are also often in a live candle.

bar = price bar
candle = APB/HA candle
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,875
  • Oct 6, 2016 5:14pm Oct 6, 2016 5:14pm
Wow. I saw the drop on gbp grabbed my phone to see wtf? No news! What would cause big drop like that if no news? This is what scares me about forex. Like wild wild west these people can do anything they want at any time. Happens all the time huge spikes for no reason insane! No stop loss will help you in this case just hope no one was long.
  • #71,876
  • Oct 6, 2016 5:32pm Oct 6, 2016 5:32pm
GBP crash must have given severe damage to retailers. See https://www.tradingview.com/, many technical analyses were telling GBP buy....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #71,877
  • Oct 6, 2016 5:48pm Oct 6, 2016 5:48pm
Quoting heispark
GBP crash must have given severe damage to retailers. See https://www.tradingview.com/, many technical analyses were telling GBP buy....

A lot of different views on what happened today.
Chinese Bank holiday today so the Chinese markets are closed today. The weekend will buffer their markets. We shall see what will happen when Monday resume trading. FTSE will panic and USD and JPY will raise demands.
In chaos there are opportunities.

For the small time investors outside the UK, this is a good time to look at buying that London property for investment. I see the market for student accommodation in London is something to look at more seriously now. With 'cheaper' GBP (short term), the foreign students numbers still be there even with the quota numbers. Rental yield is still good and the property value will appreciate in time.

Good Luck people.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,878
  • Oct 6, 2016 6:01pm Oct 6, 2016 6:01pm
Quoting heispark
GBP crash must have given severe damage to retailers. See https://www.tradingview.com/, many technical analyses were telling GBP buy....
LMAO!! Analyst says the big pin on the GBPNZD is signalling a big reversal. ENTER LONG NOW!!!!
  • #71,879
  • Oct 6, 2016 6:03pm Oct 6, 2016 6:03pm
I think the moral of the story here is please guys do your own DD.
  • #71,880
  • Oct 6, 2016 6:19pm Oct 6, 2016 6:19pm
@emmanuel7788

First of all congrats to you mate on educating many new learners like me in forex industry , indeed your valueable insights helps alot of people here i.e. newbies specially. i have been reading this thread for most of my time and decided to say formally hello to everyone in this thread and start to get more active from now on.

Just a Quick question ...

I have seen too many indicators and templates posted by you from the start till now. and i guess reading through 3500 plus pages will take some time though. Would you be kind enough to summarize me and others , which set i should be looking now to start testing this technique

Thanks once again and Have a Good n bless day to you and everyone here
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