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Trading Made Simple

  • #79,321
  • Apr 27, 2017 2:08pm Apr 27, 2017 2:08pm
Quoting Socialbased
EURJPY looking at a bounce on TDI (red arrow) It's currently sitting on S1 support on a shorter time frames and oversold and I reckon there may be some profit taking into Asia. If it pulls back to the pivot I'm in short. Will not hold over weekend as my brokers SWAPS will increase dramatically due to JPY public holidays. If it does come down the weekly candle will be a long-legged doji on a gap open, which I find very interesting indeed... {image}
Socialbased,

We are in an uptrend and then into a consolidation area. There are 2 tests of the consolly high, the
last is a pin bar and might be forewarning of a reversal. The close of the last bar is below the pac however
not below the consolly area. The breakout of a consolidation area is on the
close of a bar.

The second to last bar shows good momentum on TDI (re: aqua dot on green)
but the bar itself shows sellers strong at one point and then buyers took
one half of it a way from them. Leads me to wonder how strong the momo is.

I'll wait for bar close.

regards

Frank

eurjpy-h4-forex-capital-markets-4.pnghttps://www.forexfactory.com/attachm...1&d=1493319851
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  • #79,322
  • Apr 27, 2017 2:24pm Apr 27, 2017 2:24pm
Quoting Seshwaan
Potential bounce trade on USDJPY next candle, what you think? JPY doing well against other pairs too EDIT- Glad i waited, TDI just started to flatten out {image}
Again, did you check the higher TF? maybe not! does it look ready yet? as mentioned before anything can happen but you need rules to stick to.
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  • #79,323
  • Apr 27, 2017 3:19pm Apr 27, 2017 3:19pm
Hi Emmanuel,

I am reading your old posts and will be extremely thankful if you can explain (with reference to D1 trading) how we can identify market types as you written many times that TMS is trend trading method and fails when market goes in narrow range sideways.

Kindly if you can explain how to identify these market types and avoid trading when market goes into narrow range sideways consolidation where TMS will not work.

Kind regards
  • #79,324
  • Apr 27, 2017 3:44pm Apr 27, 2017 3:44pm
Quoting Nik-Nyc
{quote} Hi, Take a look at the post below and read up on the different versions of the TDI. The one you are currently using does not have the MBL (yellow line). https://www.forexfactory.com/showthr...64#post9728064 Best N

Hi, Thanks for the info.
  • #79,325
  • Apr 27, 2017 5:50pm Apr 27, 2017 5:50pm
Quoting emmanuel7788
{quote} both look good. GBPNZD - I will closely watch how the market will react around the BRN 00 levels 1.8500, 1.8600. Target is 1.8650 which ia key MN swing level. Watch that D1 candle which closes across this level, usually is a big body candle. NZDUSD - BRN 0.6900 below and also the curnnet MN low which was the last swing low, possible support there. Also last month low in that region. count on strong USD vs COMMOD pairs AU, NU and UCad. listen to London market session today and rest of this week.
Quoting yesmanppa
{quote} Yeahhh. GN and NU is good. When should we close it?
Here are 2 charts -MN and D1 to show what I meant by the D1 candle which closes across the MN Historical swing level is a big body candle.
I trade using these MN swing levels. Trade the price as it move from one level to the next level, use the levels to find trade setups and target the next levels.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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This week we have month end clsoing. After today NY close, we update our Big Picture Plan BPP and plan our trades for next month.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,326
  • Apr 27, 2017 5:56pm Apr 27, 2017 5:56pm
Quoting mazibee
Hi Emmanuel, I am reading your old posts and will be extremely thankful if you can explain (with reference to D1 trading) how we can identify market types as you written many times that TMS is trend trading method and fails when market goes in narrow range sideways. Kindly if you can explain how to identify these market types and avoid trading when market goes into narrow range sideways consolidation where TMS will not work. Kind regards

Hi,

Do Big Picture Planning BPP and you will know and learn how to use that and identify the market type to trade.
BPP is easy but once you get started to do that and all you need is to update your BPP once every week after the market closed for the weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,327
  • Apr 27, 2017 6:23pm Apr 27, 2017 6:23pm
Quoting Frank0
{quote} Socialbased, We are in an uptrend and then into a consolidation area. There are 2 tests of the consolly high, the last is a pin bar and might be forewarning of a reversal. The close of the last bar is below the pac however not below the consolly area. The breakout of a consolidation area is on the close of a bar. The second to last bar shows good momentum on TDI (re: aqua dot on green) but the bar itself shows sellers strong at one point and then buyers took one half of it a way from them. Leads me to wonder how strong the momo is. I'll...
I see a Head and Shoulders chart pattern which can mean a correction down move.

take some risk and sell ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,328
  • Apr 28, 2017 3:25am Apr 28, 2017 3:25am
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  • #79,329
  • Apr 28, 2017 4:43am Apr 28, 2017 4:43am
When something works works allsao deserves publicity new month is coming have a nice weekend friends 11 days is older position.
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  • #79,330
  • Apr 28, 2017 5:18am Apr 28, 2017 5:18am
Quoting mizi123
When something works works allsao deserves publicity new month is coming have a nice weekend friends 11 days is older position. {image}
Excellent Mizi, my only concern would be taking some of the crosses below 32, what your opinion?
  • #79,331
  • Apr 28, 2017 5:27am Apr 28, 2017 5:27am
Quoting Scrambleguy
{quote} Excellent Mizi, my only concern would be taking some of the crosses below 32, what your opinion?
I have 1 advice 32 level is lowest (vs versa 68), these trades are opened on Daily as you see, price when reach these levels has no power anymore maximum 50 to 100 pips can acelerate with days you make distinguish what you will keep and what ranges in the end reward to risk is in your advantage i promice you . On daily i use to trade overbought and oversold areas only because im more sure..
  • #79,332
  • Apr 28, 2017 5:45am Apr 28, 2017 5:45am
Hello Mizi,
you have super results. Did you take a trade only from Daily chart ot H4 too? dan
  • #79,333
  • Apr 28, 2017 6:47am Apr 28, 2017 6:47am
Quoting mizi123
{quote} I have 1 advice 32 level is lowest (vs versa 68), these trades are opened on Daily as you see, price when reach these levels has no power anymore maximum 50 to 100 pips can acelerate with days you make distinguish what you will keep and what ranges in the end reward to risk is in your advantage i promice you . On daily i use to trade overbought and oversold areas only because im more sure..
Mizi, when trading the off the daily charts, are any particular times better than others? Eg - Start of the week, mid week, end of days, or all random?

Thanks in advance,

Great trades BTW
  • #79,334
  • Apr 28, 2017 6:49am Apr 28, 2017 6:49am
Quoting v2vboni
Heiken Ashi APB indicator updates... Remove "ShowMA" (the single moving average... e.g. for 5MA or 200MA etc.) Remove TMMA & Normal GMMA option from HA_APB indicator Created two TMMA indicator as separate indicator, namely... TMMA_Short & TMMA_Long --- doing so, it is now able to provide an accurate calculation of short term trend averages with the current (open) HA candle.
This indicator has been updated.... with TMMA Histo.

You may now download and ask technical question(s) to these new & updated indicators on this development thread here at FF.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #79,335
  • Apr 28, 2017 8:06am Apr 28, 2017 8:06am
Quoting Trader MT4
Hello Mizi, you have super results. Did you take a trade only from Daily chart ot H4 too? dan
I have made decisions on daily
EUR/AUD -80$ reversed against mee;
NZD/JPY +4.7$ closed manually reason ranging;
CAD/JPY - 8.9$ closed manually reason ranging;
EUR/GBP -59 $ i have minimase Sl and have stoped me out;
Friends i have good results allso on live account but she is smaller in volume, good money managment and everything is ok
  • #79,336
  • Apr 28, 2017 8:10am Apr 28, 2017 8:10am
Quoting jamesrs59
{quote} Mizi, when trading the off the daily charts, are any particular times better than others? Eg - Start of the week, mid week, end of days, or all random? Thanks in advance, Great trades BTW
Definitly start of the month (wich is on the way ) allso start of every week but not Monday (because in Monday most of the time some pairs make pullback wich sometimes knows to be dangerous) mostly Tuesday and Wensday, good luck friends.
  • #79,337
  • Apr 28, 2017 9:15am Apr 28, 2017 9:15am
Hi Guys,


Please note that I have been demo-ing the TMS strategy closely as possible to Big E's recommendations for a number of weeks. I have been mainly trading 4 hours with some occasional 1 hour trades. I am incorporating PASR as well. I live in the UK and the London Open and US open are my main trading periods. My results have been mixed up to date. Could anyone please advise on how to best approach this strategy with today's current climate considering that the original strategy was formulated around 6 years ago and I believe the market has changed since then.

I would appreciate all info regarding best time frame, currency pairs and any other useful info with the main aim of keeping the strategy simple and effective. Once again thanks to all for this great community.
  • #79,338
  • Apr 28, 2017 11:32am Apr 28, 2017 11:32am
Something good before the end
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  • #79,339
  • Apr 28, 2017 1:38pm Apr 28, 2017 1:38pm
Quoting Dempip
Hi Guys, Please note that I have been demo-ing the TMS strategy closely as possible to Big E's recommendations for a number of weeks. I have been mainly trading 4 hours with some occasional 1 hour trades. I am incorporating PASR as well. I live in the UK and the London Open and US open are my main trading periods. My results have been mixed up to date. Could anyone please advise on how to best approach this strategy with today's current climate considering that the original strategy was formulated around 6 years ago and I believe the market has...
Dempip,

Have a look at the post below. Pay particular attention to the last sentence and study the PDF with your own charts open.

https://www.forexfactory.com/showthr...97#post7188097

Best,
N
  • #79,340
  • Apr 28, 2017 5:29pm Apr 28, 2017 5:29pm
Thanks for this which I will study in great details and add to my demo trading. Please advise if the H4 is still the best time frame to trade and please advise on best currency pairs to trade.


Once again thanks for all support and assistance.
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