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Trading Made Simple

  • #73,941
  • Dec 15, 2016 8:16pm Dec 15, 2016 8:16pm
Quote
What's that language, mate?
Google Translate won't detect it
my language sinhala mate but sri lankan people type our language singlish.we cant's type original sinhala it's very advanced
  • #73,942
  • Dec 15, 2016 8:17pm Dec 15, 2016 8:17pm
Quoting saranga
{quote} my language sinhala mate but sri lankan people type our language singlish.we cant's type original sinhala it's very advanced
Sinhala. Ok, got it. I'll try to get a translation
  • #73,943
  • Dec 15, 2016 8:21pm Dec 15, 2016 8:21pm
Quote
Sinhala. Ok, got it. I'll try to get a translation
add me skype i help u pm massage me..............
  • #73,944
  • Dec 15, 2016 8:37pm Dec 15, 2016 8:37pm
Quoting saranga
{quote} balanna tdi signal aka good setup akak close aka anith aka price action niyama strong candle akak day1 mama hithanne mage tp aka vadinna one suvar akata {image}
"looks tdi is good setup for usd cad & D1 candle made strong price action, I think my TP going sure"
  • #73,945
  • Dec 16, 2016 1:18am Dec 16, 2016 1:18am
Dear all,

Sorry for dropping into this thread without even introducing myself but I want to show you this realy.
It is friday December 16th, one hour before London Open. This week we had the US rate increase from 0.50 to 0.75 which powered the USD up.
Now, at this very particular time there is an almost perfect setup for GBPUSD on the 4Hr chart. Still I am afraid to take this for reasons above and .... it's friday.

What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 73 KB
First comes knowledge about yourself, then comes a system...
  • #73,946
  • Dec 16, 2016 2:17am Dec 16, 2016 2:17am
Quoting JanCeulemans
Dear all, Sorry for dropping into this thread without even introducing myself but I want to show you this realy. It is friday December 16th, one hour before London Open. This week we had the US rate increase from 0.50 to 0.75 which powered the USD up. Now, at this very particular time there is an almost perfect setup for GBPUSD on the 4Hr chart. Still I am afraid to take this for reasons above and .... it's friday. What do you think? {image}
I wouldn't take the trade because D1 and W1 are bearish, so I think it's risky.
Unless you're willing to try a 10-20 pips only trade.
  • #73,947
  • Dec 16, 2016 2:18am Dec 16, 2016 2:18am
Quoting JanCeulemans
Dear all, Sorry for dropping into this thread without even introducing myself but I want to show you this realy. It is friday December 16th, one hour before London Open. This week we had the US rate increase from 0.50 to 0.75 which powered the USD up. Now, at this very particular time there is an almost perfect setup for GBPUSD on the 4Hr chart. Still I am afraid to take this for reasons above and .... it's friday. What do you think? {image}
It hasn't crossed the 5EMA yet so I would let the trend establish. Also it has just hit a resistance level ( look left as Big E said ) and may just rest around this level before it drops further. Also the key chart is the day chart and here we have two red candles. Do you want to trade against the last 9 red 4 hour candles. I also like to see a sharp turn on the green line regardless of the angle. I will personally take a four hour trade on Friday if the day chart strongly agrees with my decision. Therefore I wouldn't take the trade. I will only trade the GBPUSD if all time frames align up together. Safe trading.
Trading thin liquidity at the boundary of the charts
  • #73,948
  • Dec 16, 2016 2:29am Dec 16, 2016 2:29am
Thank you very much Fcaldas and RickM for your replies.

And you are sor right! I see what you mean. Helps a lot
Indeed Rick, later I saw the same resistance area. The lesson I took was to look further, not only reacting too early because of the TDI cross etc.

As for the suggestion fcaldas, Just after I posted my original question I decided to go for a quick modest profit trade so I took some pips and ended in a small profit So no open positions at the moment and safe for the weekend

I am very happy to have found this thread and so many helpfull People.

Thanks again

Jan
First comes knowledge about yourself, then comes a system...
  • #73,949
  • Dec 16, 2016 2:47am Dec 16, 2016 2:47am
Quoting JanCeulemans
Thank you very much Fcaldas and RickM for your replies. And you are sor right! I see what you mean. Helps a lot Indeed Rick, later I saw the same resistance area. The lesson I took was to look further, not only reacting too early because of the TDI cross etc. As for the suggestion fcaldas, Just after I posted my original question I decided to go for a quick modest profit trade so I took some pips and ended in a small profit So no open positions at the moment and safe for the weekend I am very happy to have found this...
on the hourly chart it doesnt look very promising to retrace.
hold your horses i would say, and act accordingly. if it moves up buy counter.
most likely a consolidation for now
  • #73,950
  • Dec 16, 2016 2:52am Dec 16, 2016 2:52am
Quoting bistolis
{quote} on the hourly chart it doesnt look very promising to retrace. hold your horses i would say, and act accordingly. if it moves up buy counter. most likely a consolidation for now
I see what you mean. Gained modest profit today but gained more knowledge thanks to you guys.

Going to study this weekend a bit more based on your responses.

Jan
First comes knowledge about yourself, then comes a system...
  • #73,951
  • Dec 16, 2016 3:33am Dec 16, 2016 3:33am
Quoting JanCeulemans
{quote} I see what you mean. Gained modest profit today but gained more knowledge thanks to you guys. Going to study this weekend a bit more based on your responses. Jan
The only other thing I would mention is that as Likica says if the tdi is remaining under 32 it is still too bearish to take the other way and likewise if it is above 68 still too bullish.
Success means going from failure to failure without loss of enthusiasm
  • #73,952
  • Dec 16, 2016 4:05am Dec 16, 2016 4:05am
Based on your comments I decided to do my homework and see if I would end up with the same conclusions based on how I used to analyse the charts before discovering this wonderful thread and using 'Trading Made Simpel'.

The purpose of showing you is not to distract you from TMS but to show you how, indeed, powerfull this system we discuss here is.
Before I studied the concepts of Supply and Demand area's so I thought, let's take a look here.

What I found out was that indeed all your comments are valid which is a great confirmation

Now, I drew a quick area of Supply/Demand on the chart based on the first comment where I was pointed to the area of resistance.
The area I drew is probably not 100% accurate since I am not used to draw them based on HA Candles.

however, from there my analyses start and what I see is exactly what you guys told me already.
Startin with an area of supply, which is broken to the upside becoming a demand zone.
As per theory price would retrace to that zone to test it before going up further.
However, it does NOT. It breaks through the (demand) zone again disqualifying it as such.

If I would have analysed it this way before, most probably I would have came to the same conclusion already.
I thought you would like to see this way of thinking/analysing.
Again: it is not meant to start talking about anything not related to Trading Made Simple, but I was positively surprised how accurate things are over here

Attached Image (click to enlarge)
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First comes knowledge about yourself, then comes a system...
  • #73,953
  • Dec 16, 2016 4:33am Dec 16, 2016 4:33am
Quoting JanCeulemans
Based on your comments I decided to do my homework and see if I would end up with the same conclusions based on how I used to analyse the charts before discovering this wonderful thread and using 'Trading Made Simpel'. The purpose of showing you is not to distract you from TMS but to show you how, indeed, powerfull this system we discuss here is. Before I studied the concepts of Supply and Demand area's so I thought, let's take a look here. What I found out was that indeed all your comments are valid which is a great confirmation Now,...
personally i like reading about other approaches.
the thread has evolved since it was created long ago. many new concepts have been introduced over time in posts
and as the title says: keep it simple
everyone in my opinion took the basic rules and tweaked them to fit his style and make it work for them

by the way you can put instead of a line chart for Price, a bar chart overlapping with HA. it will help you keep track of the actually price movements. or not...
(and one more thing that might be useful is that the TDI remains between 60 and 20 level on a downtrend and 40-80 on uptrends. pretty irrelevant to your post, I keep that simple rule to get a quick idea what is going on so far on the chart)
  • #73,954
  • Dec 16, 2016 4:41am Dec 16, 2016 4:41am
Quoting JanCeulemans
Dear all, Sorry for dropping into this thread without even introducing myself but I want to show you this realy. It is friday December 16th, one hour before London Open. This week we had the US rate increase from 0.50 to 0.75 which powered the USD up. Now, at this very particular time there is an almost perfect setup for GBPUSD on the 4Hr chart. Still I am afraid to take this for reasons above and .... it's friday. What do you think? {image}
I just like to point out there is a mother candle on your chart..
the cautious seldom err....C
  • #73,955
  • Dec 16, 2016 4:47am Dec 16, 2016 4:47am
Quoting pips29
{quote} I just like to point out there is a mother candle on your chart..
I was checking about this

is this correct?
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  • #73,956
  • Edited 5:16am Dec 16, 2016 4:56am | Edited 5:16am
Quoting pips29
{quote} I just like to point out there is a mother candle on your chart..
Awesome observation! I did not see it. Must pay more attention. Thanks Pips29!

Then, this would be the situation:
Attached Image (click to enlarge)
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First comes knowledge about yourself, then comes a system...
  • #73,957
  • Dec 16, 2016 5:17am Dec 16, 2016 5:17am
Quoting bistolis
{quote} I was checking about this is this correct? {image}
If I understood right, then you are right also
First comes knowledge about yourself, then comes a system...
  • #73,958
  • Dec 16, 2016 5:34am Dec 16, 2016 5:34am
Quoting JanCeulemans
{quote} Awesome observation! I did not see it. Must pay more attention. Thanks Pips29! Then, this would be the situation: {image}
The safest way is to wait for a candle to close above/below those lines.
Success means going from failure to failure without loss of enthusiasm
  • #73,959
  • Dec 16, 2016 5:36am Dec 16, 2016 5:36am
Quoting lisat
{quote}The safest way is to wait for a candle to close above/below those lines.
Agreed. The order you see in the image is a pending Sell Stop order.

Of course, I will focus on the system discussed here (TMS) but the knowledge shared about the mother candle provides an extra dimension
First comes knowledge about yourself, then comes a system...
  • #73,960
  • Dec 16, 2016 5:38am Dec 16, 2016 5:38am
Quoting bistolis
{quote} I was checking about this is this correct? {image}
yes, the H/L and followed by 3 or more inside bars
the cautious seldom err....C
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