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Trading Made Simple

  • #76,161
  • Feb 21, 2017 2:39am Feb 21, 2017 2:39am
Quoting emmanuel7788
USD looks strong after their US bank holidays. So we sell AU, EU and GU. what happens with EG?
Intra day?
EU and NU looked good bets for short on daily chart for me. Continuation of trend, not reversal, coming off R. That's based on today's candle closing now, which it isn't. So obviously all thing should being equal on close of D candle tomorrow.
  • #76,162
  • Feb 21, 2017 2:43am Feb 21, 2017 2:43am
This is an update on yesterdays GBPJPY post of mine

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should I have been considering to find a short entry after candle A?

or is candle A just the narrow late asia session?
  • #76,163
  • Feb 21, 2017 2:55am Feb 21, 2017 2:55am
Hi everyone,this is possible short on GbpUsd.Before of entry i've seen D1.
I would like to ask, how to optimize the entry?Better to wait another candle or after it is too late? Thanks
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  • #76,164
  • Feb 21, 2017 2:58am Feb 21, 2017 2:58am
Quoting bistolis
{quote} morning I am noticing contraction of price range the last days, and it looks like it is going to test the support again. My view is bearish on this pair {image} ps: that is just what I am thinking on a first look, don't shoot

yes, I am bearish bias too on H4.
now PA is at BRN 0.8500 and with small ranged trading hours, there is support below at 08475 and 0.8450, those are potential target levels for sell.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,165
  • Feb 21, 2017 3:02am Feb 21, 2017 3:02am
Quoting irishtoffy
{quote} Intra day? EU and NU looked good bets for short on daily chart for me. Continuation of trend, not reversal, coming off R. That's based on today's candle closing now, which it isn't. So obviously all thing should being equal on close of D candle tomorrow.

Good view.
Current USD strength also push USDCAD and USDCHF pairs higher if we trade H4.
USDCAD is the better pair to pick with its TD1 TDI cross.

we have to wait till end of day then look at D1 chart again for tomorrow's trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,166
  • Feb 21, 2017 3:09am Feb 21, 2017 3:09am
Quoting bistolis
This is an update on yesterdays GBPJPY post of mine {image} should I have been considering to find a short entry after candle A? or is candle A just the narrow late asia session?
does not look that nice to trade now.
looking at all the JPY pairs, they do not show a clear direction on D1.
I am waiting to see what happens to EJ today, the retracement upwards did not happen, so it can break the previous days low.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,167
  • Feb 21, 2017 3:22am Feb 21, 2017 3:22am
Crossing MN line & going down with my favorite TDI cross setup.


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  • #76,168
  • Feb 21, 2017 3:38am Feb 21, 2017 3:38am
USDCAD H4
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  • #76,169
  • Feb 21, 2017 3:44am Feb 21, 2017 3:44am
Quoting rb077msk
USDCAD H4 {image}
hi
Did you buy before the close of the previous candle or is your entry based on a lower timeframe than 4H
  • #76,170
  • Feb 21, 2017 3:52am Feb 21, 2017 3:52am
Quoting rb077msk
USDCAD H4 {image}
hi rb077msk
your indicator and template look so cool
can you share me, please ?
thank bro
  • #76,171
  • Feb 21, 2017 4:24am Feb 21, 2017 4:24am
Quoting bistolis
{quote} hi Did you buy before the close of the previous candle or is your entry based on a lower timeframe than 4H
yes, on H1
  • #76,172
  • Feb 21, 2017 4:38am Feb 21, 2017 4:38am
I am probably behind on the indicators for this strategy, but where can I find the most recent? Possibly an explanation of them? I currently am using TMS TDI Watchdog, and one of the stochastics. Heck, I am not even sure on the settings for either. So many indicators and different versions of them have been created, and I am not sure which ones to use.
  • #76,173
  • Feb 21, 2017 5:01am Feb 21, 2017 5:01am
another must read:

'there are no secrets to trading ...'

http://www.forexfactory.com/showthre...02#post9580402

quite a few interesting views shared by some members in that thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #76,174
  • Feb 21, 2017 5:09am Feb 21, 2017 5:09am
GbpUsd H4 currently in gain
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  • #76,175
  • Feb 21, 2017 6:21am Feb 21, 2017 6:21am
Quoting nadexjamie
I am probably behind on the indicators for this strategy, but where can I find the most recent? Possibly an explanation of them? I currently am using TMS TDI Watchdog, and one of the stochastics. Heck, I am not even sure on the settings for either. So many indicators and different versions of them have been created, and I am not sure which ones to use.
hi
check this post
http://www.forexfactory.com/showthre...76#post9564376

i am not using MT4 platform so I cant help you out with indicators
the settings that I use are
10 period RSI
3 period EMA (green)
7 period SMA (red)
and typical price OHL/3 or weighted OHLC/4
shifted +3 5period ema on the chart
and I dont use stochastics
  • #76,176
  • Feb 21, 2017 7:25am Feb 21, 2017 7:25am
Quoting bistolis
{quote} hi check this post http://www.forexfactory.com/showthre...76#post9564376 i am not using MT4 platform so I cant help you out with indicators the settings that I use are 10 period RSI 3 period EMA (green) 7 period SMA (red) and typical price OHL/3 or weighted OHLC/4 shifted +3 5period ema on the chart and I dont use stochastics
bistolis
How do you find TMS with out stochastic (8.3.3). What help you to determent direction? Getting rid of one more indicator will be a step forward to a cleaner chart.
  • #76,177
  • Feb 21, 2017 7:47am Feb 21, 2017 7:47am
Quoting emmanuel7788
another must read: 'there are no secrets to trading ...' http://www.forexfactory.com/showthre...02#post9580402 quite a few interesting views shared by some members in that thread.
Good thread to read, thanks emmanuel.
From the first post#1
As Einstein famously quoted - " Out of complexity, find simplicity " sort of tie in with "Keep it Simple" and "KISS".

http://www.forexfactory.com/showthre...62#post8884362
Is even better. Have read those phase how many times and still do the exact opposite, trade after trade.
  • #76,178
  • Feb 21, 2017 7:49am Feb 21, 2017 7:49am
To be honest.... for as long as I use TMS I have caught myself never watching at the stochastics. So any decision I ever made was without stochastics involved. Only in the very beginning I looked at it because it was/is part of the way TMS was presented.

And now lately I focus more and more on what is called PASR (Price Action at Support/Resistance)
First comes knowledge about yourself, then comes a system...
  • #76,179
  • Feb 21, 2017 8:22am Feb 21, 2017 8:22am
Quoting thangnd.1211
{quote} hi rb077msk your indicator and template look so cool can you share me, please ? thank bro
Page 2 Post 25 there you can download all the indicators
  • #76,180
  • Feb 21, 2017 8:38am Feb 21, 2017 8:38am
Quoting emmanuel7788
{quote} Good view. Current USD strength also push USDCAD and USDCHF pairs higher if we trade H4. USDCAD is the better pair to pick with its TD1 TDI cross. we have to wait till end of day then look at D1 chart again for tomorrow's trading.
No USDCAD or USDCHF in my watchlist. Perhaps will look at putting them in at a later date. Only EU, AU, GU and NU on my charts.
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