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Trading Made Simple

  • #75,001
  • Jan 25, 2017 2:07am Jan 25, 2017 2:07am
Hello all,

my name is Robert. I am from Germany, student and interested in trading. Till now I was just trading stocks.

Would you recommend trading this system parallel to studies?

I am searching for new possibilities to learn something new and also to earn some cash.
But at first it should be fun, cause I am convinced, that no business is going on well without enjoying what you do.


Best regards,
Robert
  • #75,002
  • Jan 25, 2017 2:07am Jan 25, 2017 2:07am
Quoting inforserve
With lower than expected inflation data, AUD seems like losing the strength against major currency. But anything can happen in currency market. Testing my probability with TMS & PASR. Image1.png;2154558 {image}

You bought at a premium price because you chased after the market.
Now is to manage this trade.
Take a look at D1, the setup candle was Monday Jan 23 and yesterday was a pull back but the PA is now above the 5EMA.
I stay in the direction of the D1 chart.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,003
  • Jan 25, 2017 2:23am Jan 25, 2017 2:23am
Hourly Volatility

Compare the 2 charts below -

which pair is better to trade after London closed and the last few hours of the NY session until the Asian session?

Attached Image


Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,004
  • Jan 25, 2017 2:33am Jan 25, 2017 2:33am
Quoting Pipsters
I wonder if I have placed this buy trade correctly on the H1 chart? I'll let you know how it goes but would appreciate any feedback on this trade. Thanks Trade2.jpg;2154659 {image}

Hi Pipster,

One further comment after I look at my D1 chart.
When I trade H1 I prefer to trade in the direction of the D1 chart.
I don't think I need to quote Big E old posts anymore more nor I have to cut and paste his old posts because it does not add value to any sharing and discussions here.
A lot of the basic forex trading stuff Big E already covered in his 1485 posts in FF.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week 4 Jan 25.png Size: 53 KB


Be prepared to take quick profits and do the turn around thing.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,005
  • Jan 25, 2017 2:42am Jan 25, 2017 2:42am
Thanks Tekkies and Emmanuel for your comment.
Now I moved my sl to break even.

Green pips for you.
  • #75,006
  • Jan 25, 2017 2:47am Jan 25, 2017 2:47am
Quoting inforserve
Thanks Tekkies and Emmanuel for your comment. Now I moved my sl to break even. Green pips for you.
Looking at the H4 price action, you can consider use H4 Trail_by_Prev_Candle_Low a feature of THV CaveManager .
With the strong break, you will most likely by able to maximise profit by the next consolidation on H4.
If it doesn't stopped you out, then keep stop at BE and convert to D1 trade then manage on D1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,007
  • Jan 25, 2017 2:49am Jan 25, 2017 2:49am
Quoting mkfx
{quote} Hi Info, Great Result ( DD is less than 5%) Keep it up. Due to day job not able to trade from a long time. But i am still following TMS thread and reading whenever get time Thanks MK
Thanks mkfx

Good to hear from you.
  • #75,008
  • Jan 25, 2017 2:52am Jan 25, 2017 2:52am
Quoting neil001
{quote} Hey Infoserve - looking at the chart you posted....What is the Indy in the centre top??? I can see it is the Timeframes but does the different colour represent Up/Down Trend maybe?? If it is a trend indy - where can i get it please??? Been looking for a decent "on chart multi-timeframe" trend indy for some time.... Thx
Hey Neil

Please find attached file.

Cheers;

Attached File(s)
File Type: mq4 MTF-EMA-Info(mod).mq4   5 KB | 270 downloads
  • #75,009
  • Jan 25, 2017 2:53am Jan 25, 2017 2:53am
Quoting inforserve
Thanks Tekkies and Emmanuel for your comment. Now I moved my sl to break even. Green pips for you.

Here is my chart to explain the H4 trade management.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD H4 trade management.png Size: 41 KB


watch the BRN 1.4300, PA will react there.

Edit: When you do not like to monitor and manage your trades manually, use THV Cavemanager. Big E did not have this nice trade manager back in 2010.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,010
  • Jan 25, 2017 3:02am Jan 25, 2017 3:02am
Quoting emmanuel7788
{quote} AUDNZD Jan 25. Still bearish today with strong move lower. My target levels looking at previous price action PPA. Sellers are in control. Buyer must wait until all the sellers get out. Buy at support. AUDNZD Week 04 update Jan 25.png;2154422 {image}

AUDNZD update 2 Jan 25.

First target BRN 1.0400 hit but the Day had not ended yet. We must wait to see where it will close and wait for the 2nd target 1.035.
trading day chart requires patience, lots of it...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Week 04 update2 Jan 25.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,011
  • Jan 25, 2017 3:07am Jan 25, 2017 3:07am
Quoting inforserve
{quote} Hey Neil Please find attached file. Cheers; MTF-EMA-Info(mod).mq4;2154878 {file}
?????
Why use a MTF-EMA indy when TDI is the main indicator you trade with. Would it not be better to use a TDI MTF.

The reason I ask is based on do TDI and EMA agree on direction, up / down across all time frames.
Have you compared let's say: TMS_Angleator_pureTDI against MTF-EMA-Info.
  • #75,012
  • Jan 25, 2017 3:15am Jan 25, 2017 3:15am
Come on folks, join in the discussions, post your charts and trades for sharing and some good trading discussion.
Let's add value here to help one another become better traders.
I am sure Big E looking down will be proud when he sees value being added to his trading method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,013
  • Jan 25, 2017 3:16am Jan 25, 2017 3:16am
Quoting Tekkies
{quote} ????? Why use a MTF-EMA indy when TDI is the main indicator you trade with. Would it not be better to use a TDI MTF. The reason I ask is based on do TDI and EMA agree on direction, up / down across all time frames. Have you compared let's say: TMS_Angleator_pureTDI against MTF-EMA-Info.

Thanks!!! I will have look TMS_Angleator_pureTDI .
  • #75,014
  • Jan 25, 2017 3:22am Jan 25, 2017 3:22am
Quoting emmanuel7788
{quote} Here is my chart to explain the H4 trade management. EURCAD H4 trade management.png;2154881 watch the BRN 1.4300, PA will react there. Edit: When you do not like to monitor and manage your trades manually, use THV Cavemanager. Big E did not have this nice trade manager back in 2010. {image}
Thanks!!! I will have look THV Cavemanager
  • #75,015
  • Jan 25, 2017 3:25am Jan 25, 2017 3:25am
Quoting inforserve
{quote} Thanks!!! I will have look TMS_Angleator_pureTDI .

Seriously, you don't need that on your trading chart for trade decision.
Keep your trading charts clean and free of clutter. You will see more with very few things on your trading charts.
But if you want to know what the herd is doing, then there are more important things to look at to know what the herd are doing in the market place, where the hidden gems are, and learn to stay away and use certain price levels. All these are not part of Big E 5-Method because many trading tools were developed after his time. If we chose to live in the past, we will not progress and become better traders. We keep the core of the 5-Method because it works.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,016
  • Jan 25, 2017 3:35am Jan 25, 2017 3:35am
Quoting inforserve
{quote} Thanks!!! I will have look THV Cavemanager

here is an example how that Trail_By_Prev_Candle High/Low work.

details on the chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Example THV CM H4 TSL.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #75,017
  • Jan 25, 2017 3:57am Jan 25, 2017 3:57am
It's great to study from you guys posts. Below are EJ and GJ 1Hour charts I am looking at. In my opinion, I think it a good set-up for go Long now cause the momentum after first hour of Europe session is strong, and basing on the slope of TDI and PA, it is good for eur and bgp keep going further.

Please teach me if I think something wrong.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ.PNG Size: 48 KB
Click to Enlarge Name: EJ.PNG Size: 46 KB
  • #75,018
  • Jan 25, 2017 4:34am Jan 25, 2017 4:34am
Hello everyone.
Took 2 trade this morning before Tokyo market open.

For CADJPY long, it is not a good trade?
It is not moving for the whole day, so just quit with 10pips profit.

For AUDCAD short, good performance.
Is my take profit (the bottom red line) logical which set on the previous swing low?

Thanks in advance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 56 KB
Click to Enlarge Name: Screenshot3.png Size: 62 KB
  • #75,019
  • Jan 25, 2017 4:42am Jan 25, 2017 4:42am
Quoting emmanuel7788
{quote} Hi LahcenFX, you are in the money.. now. It is still early to say if D1 will run higher but I will hold UJ and see how I can add positions with my banked-in profits and to "let my profits run". I look at AJ, EJ and GJ on D1 chart and these looks promising to support weaker JPY. Must be patient with this one. Trade Well and manage for maximum profits.
yes I think that JPY is very Weak
i order buy for GJ
Thanks for your support
you are the best
  • #75,020
  • Jan 25, 2017 4:54am Jan 25, 2017 4:54am
Quoting emmanuel7788
{quote} Of course we can all discuss Plan, Build and Run for Position trading on Day charts. I need to see the number of traders here who are interested and we can consider do a project on this. Let me know who is interested and have the commitment to work hard for a few months. Do not decide so soon, but first you must read up all my posts on "empty space" and know what Plan,Build and Run is about. only 15 posts with charts to read. here FF search keyword empty space.png;2154490 {image}
I don't need to think. I am IN! Just if your willing to allow me in.
It's in fear when people show what they truly value.
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