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Trading Made Simple

  • #79,621
  • May 10, 2017 7:27pm May 10, 2017 7:27pm
Quoting emmanuel7788
{quote} Pay attention to AUDUSD and NZDUSD when you trade this cousin pair.
Both seem to be weak at the moment, NZD being slightly weaker. Seems logical (dare I say it?) that the stronger of the two would be the bullish one

As always more than happy to be guided if im not right
  • #79,622
  • Edited 9:58pm May 10, 2017 9:16pm | Edited 9:58pm
Quoting Seshwaan
{quote} Both seem to be weak at the moment, NZD being slightly weaker. Seems logical (dare I say it?) that the stronger of the two would be the bullish one As always more than happy to be guided if im not right
On the Monthly Chart,

since 2012 to 2014 AUD/NZD was going down,

then since 2014 until now it entered and it's still into a range between 1.0000 and 1.1400.

Last week candle was bearish.

Today it bounced off Round Number 1.0600,

I think A/N went up because Official Cash Rate for NZD remained unchanged 1.75 % which made it weak.

As Emmanuel said NZD is cousin or I think Big E would say friend/"amigo" with AUD which it's clearly bearish now.

So I don't know if it's a good idea to buy AUD/NZD at this moment.



Important: This is how I see it, I'm not an expert, I may be wrong.


Good luck with your trades.

RF.
  • #79,623
  • May 10, 2017 9:26pm May 10, 2017 9:26pm
Quoting emmanuel7788
Market has been very kind to me this week and I manage to get my 10%. If you go to my profile and look at my Trade Explorer, look at the Trade List and see column trade Duration. {image}
I must thank you Emmanuel.

Because I confess, there are times when one thinks this is BS and we won't be able to make it, but then one looks at your Live Trade Explorer and you show us that it's in fact possible, so thanks for the motivation.

On the other hand, hope not to start a fight, but what happened to our "dear friend" RealJumper he was asking for proof, you showed it and then he dissapeared?

Your post before this one was a coincidence with a quote, I learned today:
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  • #79,624
  • Edited 11:35pm May 10, 2017 11:16pm | Edited 11:35pm
I just sold AUD/JPY on TMS demo account.

What ya think?

Will tell tomorrow if it became a win or a loss.


Good Luck.

RF.


EDIT:

I didn't realise then but now I noticed the TDI has already crossed three times down and went back up which it's clearly not a good signal, but as it's just demo will let this trade open, if it becomes a loss, I'll have learned something from it.
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  • #79,625
  • May 11, 2017 2:27am May 11, 2017 2:27am
Last chance to take what is mine in these way market speaks to you, hiden bullish divergence! CAD/CHF
Attached Image (click to enlarge)
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  • #79,626
  • May 11, 2017 2:33am May 11, 2017 2:33am
Quoting emmanuel7788
{quote} Hi Uk1, Few things you must first know. 1) The 10EMA is used instead of the 5EMA, Typical Price, Shift+3 which is part of the 5-Method. there is very little difference between the two moving averages. I prefer the 10EMA and I can use the same timeframes. 2) The basic rule for TMS 5-Method is - buy when the price action is above the 5EMA - sell when the price action is below the 5EMA. The 5EMA is for direction by Big E. Why 10EMA? The power of 10EMA Post#8,528 by...
hi emmanuel,
so in the picture you posted, we didn't set stop loss in that two short entries?
  • #79,627
  • May 11, 2017 3:02am May 11, 2017 3:02am
Quoting emmanuel7788
{quote} Hi Uk1, Few things you must first know. 1) The 10EMA is used instead of the 5EMA, Typical Price, Shift+3 which is part of the 5-Method. there is very little difference between the two moving averages. I prefer the 10EMA and I can use the same timeframes. 2) The basic rule for TMS 5-Method is - buy when the price action is above the 5EMA - sell when the price action is below the 5EMA. The 5EMA is for direction by Big E. Why 10EMA? The power of 10EMA Post#8,528 by...
Hi,
And what indicator is for "Dynamic cut-loss"? Or how we can create it?
  • #79,628
  • May 11, 2017 6:15am May 11, 2017 6:15am
Quoting mizi123
Last chance to take what is mine in these way market speaks to you, hiden bullish divergence! CAD/CHF {image}
Hey Mizi,

Hope your trades are going well, this one is at least!

I notice you have a new EMA on your charts, can you let me know what its settings are and what relevance it has for you? Also what is that curved dotted line that looks similair to your buy entry line but curves down?

You are a beast at spotting these hidden divergences, one day I shall have as good an eye as you!
  • #79,629
  • May 11, 2017 6:32am May 11, 2017 6:32am
Quoting ReverseFlash
{quote} On the Monthly Chart, since 2012 to 2014 AUD/NZD was going down, then since 2014 until now it entered and it's still into a range between 1.0000 and 1.1400. Last week candle was bearish. Today it bounced off Round Number 1.0600, I think A/N went up because Official Cash Rate for NZD remained unchanged 1.75 % which made it weak. As Emmanuel said NZD is cousin or I think Big E would say friend/"amigo" with AUD which it's clearly bearish now. So I don't know if it's a good idea to buy AUD/NZD at this moment. Important: This is how I see it,...
Thanks Reverse, when I looked it was jsut a quick look in all honesty and I did not got back that far at all!

This will help me in the future
  • #79,630
  • May 11, 2017 7:58am May 11, 2017 7:58am
Hello Emmanuel and others.

I have now downloaded the indicators they look like this now;

Attached Image (click to enlarge)
Click to Enlarge Name: TMS 2.PNG Size: 67 KB


I was not able to do anything with #1 best 5 ma tdi.tpl file???

Could someone inform me if the indicators downloaded should keep their default or pre-determined values. So I don't need to change anything?

Also, do I need to change this indicators specifically to the H1 or H4 window or leave as ALL?

I think I also need to change to Hieken Ashi candles as well.

Some simple instructions on what to look out with the indicators would be helpful as to when to enter and exit a trade.

I will report back again later.
Thank you all
  • #79,631
  • May 11, 2017 8:07am May 11, 2017 8:07am
Hi Emmanuel,

Thank you for the welcome.

I am currently devoting the entire day to trading and have been in the game over 3 months. This will be a CAREER choice.

I have the determination, commitment and desire to work hard on this but also relay back any tips, results, etc back to you all as we can always learn from each others experiences.

Thank you
  • #79,632
  • May 11, 2017 9:25am May 11, 2017 9:25am
I think I use a different TDI. TDI-RT
  • #79,633
  • May 11, 2017 9:45am May 11, 2017 9:45am
Quoting mizi123
Last chance to take what is mine in these way market speaks to you, hiden bullish divergence! CAD/CHF {image}
Mizi, my friend, its not first post in this thread I see you wrong reading hidden divergence patterns. When pattern is going wide its bearish divergence, when its going narrow its - bullish and not vice versa. Just friendly notice, cause I respect you much of your patience and replies.
Attached Image
Resistance is futile. Volatility will be assimilated.
  • #79,634
  • May 11, 2017 10:21am May 11, 2017 10:21am
Quoting Vyckus
{quote} Mizi, my friend, its not first post in this thread I see you wrong reading hidden divergence patterns. When pattern is going wide its bearish divergence, when its going narrow its - bullish and not vice versa. Just friendly notice, cause I respect you much of your patience and replies. {image}
Nooooooooo bro farway we learn all the time if divergences are wrong written on babypips.com were 80% of traders learn basics i em wrong then chek these link, neverminde i em human anyway
http://www.babypips.com/school/high-...eat-sheet.html
  • #79,635
  • May 11, 2017 10:46am May 11, 2017 10:46am
Quoting mizi123
{quote} Nooooooooo bro farway we learn all the time if divergences are wrong written on babypips.com were 80% of traders learn basics i em wrong then chek these link, neverminde i em human anyway http://www.babypips.com/school/high-...eat-sheet.html
Hm, ok, then forex is fucked up, cause if babypips is right and another website with same divergence patterns but different meanings is also right then it means that on different websites same patterns means totally different things and nobody knows the truth. patterns i showed you are also from pro websites like babypips, so i dont know whom to believe now... me lost...
Resistance is futile. Volatility will be assimilated.
  • #79,636
  • May 11, 2017 11:09am May 11, 2017 11:09am
Quoting Vyckus
{quote} Hm, ok, then forex is fucked up, cause if babypips is right and another website with same divergence patterns but different meanings is also right then it means that on different websites same patterns means totally different things and nobody knows the truth. patterns i showed you are also from pro websites like babypips, so i dont know whom to believe now... me lost...
It's all about probabilities, no pattern will be always right and no divergence should be blind traded w/o PA analysis. There is too much information to study in forex, if you want to study something that never changes, study Price Action. PA gives alot more information than divergences of any kind.
A good study in my opinion is the PDF's on atacchment in this thread about PA, and "Strat's - The Path", google it not sure I can post the link, it's a "babypips" style but more focused on PA
  • #79,637
  • May 11, 2017 11:28am May 11, 2017 11:28am
ok found compromise between me and mizi, we actually both are right...all explained in picture below. and ye, mokuro is also right that same patterns depends on circumstances and PA is the king, should learn more PA, but with PA there are so many variations like pin bar trading, dojis, 3 soldiers, etc..around 30 or more patterns if i am not mistaken, so talking about PA, you need choose just few of them and stick to them, am I right?
Attached Image
Resistance is futile. Volatility will be assimilated.
  • #79,638
  • May 11, 2017 11:43am May 11, 2017 11:43am
Quoting mokuro89
{quote} It's all about probabilities, no pattern will be always right and no divergence should be blind traded w/o PA analysis. There is too much information to study in forex, if you want to study something that never changes, study Price Action. PA gives alot more information than divergences of any kind. A good study in my opinion is the PDF's on atacchment in this thread about PA, and "Strat's - The Path", google it not sure I can post the link, it's a "babypips" style but more focused on PA
Mokuro, thats PA Bible yo told (link and attached)?

https://www.forexfactory.com/attachm...6&d=1382548396
Attached File(s)
File Type: pdf STRATS PASR.pdf   2.2 MB | 519 downloads
Resistance is futile. Volatility will be assimilated.
  • #79,639
  • May 11, 2017 2:57pm May 11, 2017 2:57pm
Quoting Vyckus
ok found compromise between me and mizi, we actually both are right...all explained in picture below. and ye, mokuro is also right that same patterns depends on circumstances and PA is the king, should learn more PA, but with PA there are so many variations like pin bar trading, dojis, 3 soldiers, etc..around 30 or more patterns if i am not mistaken, so talking about PA, you need choose just few of them and stick to them, am I right? {image}
Bro you see these on chart not that, that is mess these is cleare
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  • #79,640
  • May 11, 2017 3:03pm May 11, 2017 3:03pm
Quoting mizi123
{quote} Bro you see these on chart not that, that is mess these is cleare {image}
I dont know hou much you are older in these but these concepts are totally new and you need sometime until you get familar with them, read the book trading in the zone and everything will be cleare to you have good night
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