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Trading Made Simple

  • #72,161
  • Oct 11, 2016 9:07pm Oct 11, 2016 9:07pm
Quoting emmanuel7788
{quote} Here is what I saw with AUDJPY before Tokyo Open: Read Big E post#647 and interpret what he wrote in that post on the charts you trade. what he meant by: - 'big candles, small candles,' - is PA 'in consolidation or near a consolidation' - where are the recent supp/res? - look at the recent reversal candles, {image}
Hi emma,

Thanks for this as always, just want to clarify a bit further as reading old PDF, there are questions asked like "big candles, small candles?", but answers given, all I am trying to do is to understand it fully.

So:
"Big candles, small candles" if I am trading following the trend, I should NOT trade in or near consolidation, it is the combination/pattern of candles (PA) showing me the mode of the pair, rather than the size of individual candle? Apart from telling the stage of the pair, what else do we look for?

"where are the recent supp/res?" if go long, it is better off that price is not too close to the res, means has room to run. and not far away from support? Is this correct?

"look at the recent reversal candles," what do we mean by this?

Appreciate your help.
  • #72,162
  • Oct 11, 2016 9:13pm Oct 11, 2016 9:13pm
Quoting terrychew
Hello! Greetings from Singapore! My respect to Big E. RIP. Thank you for starting and sharing. Also appreciate all seniors here sharing and guiding. Hoping to learn and contribute. Only get to know this thread recently. Your advice are most appreciated. 1) Enter EURGBP H4 too early before 2nd RED closed. Worry price go further north, closed too early. Maybe I should stay clear of GBP for the time? {image} 2) EURJPY H4 doing well, and moved SL. {image}

hi terry,

For EG, can you please tell what trade did you do?
  • #72,163
  • Oct 11, 2016 9:22pm Oct 11, 2016 9:22pm
Quoting Dimi.A
{quote} {quote} Anytime fellas. Have a good weekend
Hello Mate,
It's been a while now,
How have you been?
If you don't mind sharing, but how do you trade TMS, your TF and entry and exit.

BTW, you TE is really inspiring.

Cheers!
Motivation is what gets you started. Habit is what keeps you going
  • #72,164
  • Oct 11, 2016 9:56pm Oct 11, 2016 9:56pm
Quoting anfei1972
{quote} hi terry, For EG, can you please tell what trade did you do?
Hi Anfei,

It was suppose to be 2nd Red, however I entered before it closed and went to sleep.
The bar repainted and its white.

Attached Image (click to enlarge)
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  • #72,165
  • Oct 11, 2016 10:37pm Oct 11, 2016 10:37pm
Quoting terrychew
{quote} Hi Anfei, It was suppose to be 2nd Red, however I entered before it closed and went to sleep. The bar repainted and its white. {image}
It was a SELL?

Thanks
  • #72,166
  • Oct 11, 2016 10:42pm Oct 11, 2016 10:42pm
Quoting emmanuel7788
{quote} If you have a broker with server time GMT+3, then there is a H4 setup candle. TMS Monitor show the TDI slope 1>4 {image} If you looked at H1 during London open, there was H1 break above the Tokyo 5H high, which will be the H1 entry.
Can you share set up for your monitor
  • #72,167
  • Oct 11, 2016 10:54pm Oct 11, 2016 10:54pm
Quoting anfei1972
{quote} It was a SELL? Thanks
Yes.

Looking at the price, I should not have close it in panic?
  • #72,168
  • Oct 11, 2016 11:04pm Oct 11, 2016 11:04pm
TMS Monitor Oct 12 H4 GMT 0355

My H4 will close soon and print a new H4 candle in 1 hour.

Now I look at mt TMS Monitor and get an overview of all the Prev TDI slope(angle), then I look at the charts price action, is there any potential H4 setups which fit my trade plan for 4H swing trading.

Do Not follow that Recommendation blindly. Know what you are looking for first and use this TMS Monitor for alerts only...Not trade signal!

The next question you need to ask yourself is this your trading business hour? It id the first 5 hours of the Tokyo market session, If this is not within your trading business hours, then you wait for your trading business hours and come back later.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Oct 12 H4 GMT0356.png Size: 17 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,169
  • Oct 11, 2016 11:13pm Oct 11, 2016 11:13pm
My next H4 is closing.
Do I start looking for potential from this chart now base on recommendation and slope?

Attached Image (click to enlarge)
Click to Enlarge Name: Chart.PNG Size: 66 KB
  • #72,170
  • Oct 11, 2016 11:30pm Oct 11, 2016 11:30pm
Quoting emmanuel7788
TMS Monitor Oct 12 H4 GMT 0355 My H4 will close soon and print a new H4 candle in 1 hour. Now I look at mt TMS Monitor and get an overview of all the Prev TDI slope(angle), then I look at the charts price action, is there any potential H4 setups which fit my trade plan for 4H swing trading. Do Not follow that Recommendation blindly. Know what you are looking for first and use this TMS Monitor for alerts only...Not trade signal! The next question you need to ask yourself is this your trading business hour? It id the first 5 hours of the Tokyo market...
Thanks Emmanuel!

You have touched on my delayed post.
Do you trade on certain pairs within certain hours?

Cheers!
  • #72,171
  • Oct 12, 2016 12:24am Oct 12, 2016 12:24am
Quoting terrychew
{quote} Yes. Looking at the price, I should not have close it in panic?
Not sure, I am actually not quite clear why you went to SELL it, was it a valid set up?
  • #72,172
  • Oct 12, 2016 12:28am Oct 12, 2016 12:28am
Quoting emmanuel7788
TMS Monitor Oct 12 H4 GMT 0355 My H4 will close soon and print a new H4 candle in 1 hour. Now I look at mt TMS Monitor and get an overview of all the Prev TDI slope(angle), then I look at the charts price action, is there any potential H4 setups which fit my trade plan for 4H swing trading. Do Not follow that Recommendation blindly. Know what you are looking for first and use this TMS Monitor for alerts only...Not trade signal! The next question you need to ask yourself is this your trading business hour? It id the first 5 hours of the Tokyo market...

EA potential set up? P-TDI is 4, C-TDI is 4, wait for it to become 6?

Learning, please comment.

Thanks
  • #72,173
  • Oct 12, 2016 1:08am Oct 12, 2016 1:08am
Quoting anfei1972
{quote} Not sure, I am actually not quite clear why you went to SELL it, was it a valid set up?
The 2nd bar was actually RED, however repainted itself.
Probably 1st bar is strong enough too.
Angle of TDI is also not correct.
Lesson learnt.
  • #72,174
  • Oct 12, 2016 1:23am Oct 12, 2016 1:23am
Quote
Losers average losers. Paul Tudor Jones

Jones is 1 of the gr8est traders in living history ..... he's da bomb homie ....... this quote is above his trade'n station ...... so he wont add to a losing position - as Big E said u you can always get back in or move 2 next trade - thats y i dont like recovery systems ........if u dont like your losing position - dont spend more of ur account on da trade .................

did a poo poo @ the start of week .... but came good in end
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Attached Image
  • #72,175
  • Oct 12, 2016 1:26am Oct 12, 2016 1:26am
Quoting emmanuel7788
{quote} Hi, on your chart, that H4 setup candle look valid.. but some of these setup will not run into profits. Just manage the trades according to your exit rules. regards
Hi Emm ... thanks for reply
TP taken @ 103.35 at H1 chart - Now waiting for bounce signal and rebuild the position
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  • #72,176
  • Oct 12, 2016 1:30am Oct 12, 2016 1:30am
Quoting efestus
{quote} Hello Mate, It's been a while now, How have you been? If you don't mind sharing, but how do you trade TMS, your TF and entry and exit. BTW, you TE is really inspiring. Cheers!
+1 ....... who wants Dimi.A 2 restart post'n here ...... Big E style ....... wave ur hands in the air & say hell-o yeah
  • #72,177
  • Oct 12, 2016 1:37am Oct 12, 2016 1:37am
Quoting emmanuel7788
{quote}How to create the TDI using the RSI available in other platform: Post#30,671
Duplicate TDI with RSI and 3 MA's.
http://www.forexfactory.com/showthre...=9190897#reply
  • #72,178
  • Oct 12, 2016 2:00am Oct 12, 2016 2:00am
Quoting dominus
{quote} I was talking about phx62, he didn't post much on this thread though.
Big E gives us the system & Phx62 shows us the markets [he also had the best LO breakout skills i have ever seen - TSS still does this]

here is Phx62 book 2 master the markets - u must keep read'n these over & over 2 understand

http://www.forexfactory.com/showthre...37#post8401137

GL buddy
  • #72,179
  • Oct 12, 2016 2:08am Oct 12, 2016 2:08am
Quoting anfei1972
{quote} EA potential set up? P-TDI is 4, C-TDI is 4, wait for it to become 6? Learning, please comment. Thanks

no reason to chase after the 6th APB candle after the last reversal, right?

but we discuss AUDJPY this morning so the H4 setup was there when TOK5H close.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,180
  • Oct 12, 2016 2:11am Oct 12, 2016 2:11am
Quoting terrychew
{quote} Thanks Emmanuel! You have touched on my delayed post. Do you trade on certain pairs within certain hours? Cheers!

I trade the Sydney stock market so I am checking also the forex open and at Tokyo open.
In the morning my local time, I trade only H1/M15 for these pairs AUDUSD, AUDJPY and EURJPY.

For all the of the 16 pairs in my watchlist, I trade the D1 and H4 charts at any time of the day.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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