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Trading Made Simple

  • #77,241
  • Mar 15, 2017 12:35am Mar 15, 2017 12:35am
Quoting marionetka
Good morning. It's time to start my new day. I look a forexcalendar and see a lot of important news. Today the interest rate can be changed. This can change a ratio of sellers and buyers. And the question appear. How do you work today?! IMO, I will work in London Session on H1. I have two open positions with management on H4. They are already protected. I can not worry. But, will you enter by H4 today? Or will enter and close orders before news? What type of work do you use on such days?

Good morning.

It is market days like today for professional traders to make money.

It is a fruitless exercise for retail traders to try and look for technical setups and look for the best one-entry price into the market.

The professional traders who knows what their risk and how to scale into positions in the market.

The amateur retail traders will average down which increase their risk ever time.

Unless TMS traders learn the ways professional traders trade, they will never make any money in this market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,242
  • Mar 15, 2017 12:47am Mar 15, 2017 12:47am
Heiken Ashi HA candles

About Heiken Ashi here are 2 pdf for general reading. Click to download.

There are also websites where there are more in-depth studies and information.
http://stockcharts.com/school/doku.p...is:heikin_ashi


However, please note that in TMS we use a version of HA called Synergy Average Price Bar or APB in short. There is some difference in the way the APB close price is calculated compared to the original HeikenAshi. This was done by Dean Malone to make it more suitable for forex trading.

Heiken Ashi Candles

Heiken Ashi Explanation
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,243
  • Mar 15, 2017 1:10am Mar 15, 2017 1:10am
Quote
Heiken Ashi HA candles

About Heiken Ashi here are 2 pdf for general reading. Click to download.

There are also websites where there are more in-depth studies and information.
http://stockcharts.com/school/doku.p...is:heikin_ashi


However, please note that in TMS we use a version of HA called Synergy Average Price Bar or APB in short. There is some difference in the way the APB close price is calculated compared to the original HeikenAshi. This...

thank sir
oraginal tpl Craig Harris Stochastics Method trade
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maintain discipline
  • #77,244
  • Mar 15, 2017 1:15am Mar 15, 2017 1:15am
Quoting emmanuel7788
EURJPY Week 11 Mat 15 D1 Price action trading - 'strong' reversal bar pattern. {image} after the spinning top bar, there follows a strong price thrust bar down while the HA candle shows small body. every trade setup has its risk. the risk of this trade is seen to the left not too far away.
Hi Emmanuel,

this setup will not be something for me before the price will close out of the range from the Bar before the Spinning top. Also I'm indecission about the overall trenddirection from monthly, candle looks down last month but price above 10 EMA(aka 200 EMA on D1)

can you please explain what was your decission with regard to the overall trend?

best regards

Thorsten
  • #77,245
  • Mar 15, 2017 1:16am Mar 15, 2017 1:16am
gu gj close 321pip
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maintain discipline
  • #77,246
  • Mar 15, 2017 1:18am Mar 15, 2017 1:18am
So GBP making early fast moves in previous three days,.. this info is what keeps meat from chicken. Good pattern trades too..

Tomorrow or the day after it won't work
It's in fear when people show what they truly value.
  • #77,247
  • Mar 15, 2017 1:20am Mar 15, 2017 1:20am
Quoting gold-dollars
hi everyone im looking for your advise im in sydney, my 12pm is NY session open and i can't trade at that time because of sleep . so im very confuse what timeframe i should use to trade with TDI. I love Heiken ashi and TDI. it gives me a peace of mind and i love it. Please help Koala
Had the same problem when learning this method. Still got it wrong in the end anyway.
https://www.forexfactory.com/showthr...17#post9265617
The big boy's in this forum say you must use Price Action(PA) first to find the trade and then confirm the trade with TDI cross.
(The problem with that: Every time H1, H4, D1 does a new bar you have to check every chart with PA. (Got 16 chart's open? Enjoy the checking)
You stay awake to trade BigE hour's and all the Price Action's are wrong. One big and very loooong consolidation is taking place.
BigE posted:
#11:"I just glance at the TDI for set ups when the new candle opens"
#119:"On this method the TDI is King. All trades are signaled by it as well as exits"
So use the TDI cross.
Put the chart's you like to trade with the time frame you prefer on. Attach TDI that has a alert function and spend the time doing what you want to do. When alert goes off, apply post#647.
Using a higher time frame to check overall trend direction?
Check it at the same time. Keep the information fresh. The bar used over the weekend for planning has changed it's form.
example: Sunday pin bar (red), Monday: doji (red), Thursday: pin bar (green), Wednesday: doji (green). Tomorrow? Who know's.
So when you do check the higher time frame don't just look at the direction. Look at the candle itself. Apply post#647 small, big, wick long short, top or bottom, both side.

Miss an alarm? So what. It will alarm again.
Keep It Simple
  • #77,248
  • Mar 15, 2017 1:24am Mar 15, 2017 1:24am
Quote
So GBP making early fast moves in previous three days,.. this info is what keeps meat from chicken. Good pattern trades too..

hi buddy my best tool this's
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maintain discipline
  • #77,249
  • Mar 15, 2017 1:28am Mar 15, 2017 1:28am
Quoting Deichkind
{quote} Hi Emmanuel, this setup will not be something for me before the price will close out of the range from the Bar before the Spinning top. Also I'm indecission about the overall trenddirection from monthly, candle looks down last month but price above 10 EMA(aka 200 EMA on D1) can you please explain what was your decission with regard to the overall trend? best regards Thorsten


market is sideways.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,250
  • Mar 15, 2017 1:29am Mar 15, 2017 1:29am
Quoting Experts123
{quote} hi buddy my best tool this's {image}

you do have a lot of fancy stuff ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,251
  • Mar 15, 2017 1:31am Mar 15, 2017 1:31am
Quoting Experts123
{quote} thank sir oraginal tpl Craig Harris Stochastics Method trade {image} {image} {image}

looks like 5-Method template posted by Big E in that thread and that thread title which was renamed without his knowledge. back in 2010.

Craig Harris Stochastic trading template is different and also there is the Tokyo channel used back then .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,252
  • Mar 15, 2017 1:34am Mar 15, 2017 1:34am
Since this morning I'm into EURAUD with position building on D1 on sell. Monthly imo looks for a downtrend, last candle shows down, price under EMA 10, also COT EUR bearish and AUD bullish imo. On D1 bounced on SR-Zone/Monthly line/BRN and closed out of the range from 10th march. ATR100 now at 126 , so I will build position every 65 Pips, room enough to go down with two monthly line as first stops and may be partial TP.

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regards
  • #77,253
  • Mar 15, 2017 2:49am Mar 15, 2017 2:49am
GBP xxx pairs Mar 15 ...crazy day

all pairs FO hit TP1 using Day Open trading today....
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,254
  • Mar 15, 2017 2:57am Mar 15, 2017 2:57am
Quoting emmanuel7788
GBP xxx pairs Mar 15 ...crazy day all pairs FO hit TP1 using Day Open trading today.... {image} {image} {image} {image} {image}
Hey Emmanuel - what is the "day open trading..." is that a strategy?? Feel i have missed something :/
  • #77,255
  • Mar 15, 2017 3:02am Mar 15, 2017 3:02am
Quoting emmanuel7788
GBP xxx pairs Mar 15 ...crazy day all pairs FO hit TP1 using Day Open trading today.... {image} {image} {image} {image} {image}
Hi Emmanuel,
are there any reason for this sharp move?
Or it is just a normal market movement
Thanks
  • #77,256
  • Mar 15, 2017 3:05am Mar 15, 2017 3:05am
Quoting emmanuel7788
GBP xxx pairs Mar 15 ...crazy day all pairs FO hit TP1 using Day Open trading today.... {image} {image} {image} {image} {image}
Congrats Bro on your sucessful day today. On My TMS _v19 did not have any trade today.. Care to advice the setting on the TMS_v_19?

TQIA
Richmond Chua
  • #77,257
  • Mar 15, 2017 3:19am Mar 15, 2017 3:19am
Quoting brian661
{quote} Hi Emmanuel, are there any reason for this sharp move? Or it is just a normal market movement Thanks
nothing like that is ever normal
  • #77,258
  • Mar 15, 2017 3:34am Mar 15, 2017 3:34am
hope nzd strong more
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maintain discipline
  • #77,259
  • Mar 15, 2017 3:34am Mar 15, 2017 3:34am
Quoting neil001
{quote} Hey Emmanuel - what is the "day open trading..." is that a strategy?? Feel i have missed something :/

Hi,

It is Intraday trading using lower TF H1 or M30 or M15 to trade the 5-Method classic setups.
The strategy is to use the ADR 100 days and determine the volatility levels for TP1, TP2 and TP3 and to trade away from the Day Open Line.

Trade management is done using a visual trade manager which will execute the trades entry and exits using segment lines placed on our trading charts.
Like the one I posted the other day.

https://www.forexfactory.com/showthr...41#post9642841

For example, to take a Buy trade, the segments lines for Buy Entry, Buy Stop Loss, Buy TP1, But TP2 and Buy TP3 are drawn using scripts.
The trade manager will detect these segment lines on the trading chart and manage the trade exits .
This visual trade manager was developed by another active TMS trader in 2013 under the TMS II project.
This is visual trading.

Example EURCHF H1 below.
very small range pair, not the best example but its the only pair I see right now.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #77,260
  • Mar 15, 2017 3:40am Mar 15, 2017 3:40am
Quoting brian661
{quote} Hi Emmanuel, are there any reason for this sharp move? Or it is just a normal market movement Thanks

Hi,

Of course there are reasons for everything that happens in the market.
Most reasons we only get to know after the event.
Some reasons we will never will know but the market knows.

That is why we must always trade with stop loss. No matter what you read Big E use stop loss or he did not use stop loss. We trade with our own hard-earned money so we must trade with %risk and use stop loss and calculate our trade lot size.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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