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Trading Made Simple for Day Charts

  • #2,461
  • May 17, 2017 8:17pm May 17, 2017 8:17pm
Entry for sell:
1- LHLL
2- Break the Fractal
Exits:
1- APB change color
2- TP
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY TMS For D Chart 20170515.jpg Size: 115 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,462
  • May 17, 2017 8:32pm May 17, 2017 8:32pm
Quoting Bluesky8635
Entries: 1- APB Closed and change color 2- TDI Cross from above 32 3- It make a HL Exits: 1- 1.5 X ATR(7) 2- APB Change color 3- TDI make a reverse cross {image}
AUDCAD Trade loss one order.
Pending sell under the yesterday StarBar
Pend reason:
1- Potential LHLL
2- APB change color and closed 7MA&100MA
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD TMS For D Chart 20170516.jpg Size: 106 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,463
  • May 18, 2017 2:49pm May 18, 2017 2:49pm
Quoting Bluesky8635
{quote} AUDCAD Trade loss one order. Pending sell under the yesterday StarBar Pend reason: 1- Potential LHLL 2- APB change color and closed 7MA&100MA {image}
Hello, thank you, for your posts. I closely watch your theme. One question. With all the entry points, the breakdown of the fractal is mandatory? Sorry for my English.
  • #2,464
  • May 18, 2017 9:20pm May 18, 2017 9:20pm
Quoting ejlestrado
{quote} Hello, thank you, for your posts. I closely watch your theme. One question. With all the entry points, the breakdown of the fractal is mandatory? Sorry for my English.
No, I don't think it is mandatory. If waiting the break, it may be too late for entry sometimes.

You can use the break of Fractal to add-on.
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,465
  • May 19, 2017 12:28pm May 19, 2017 12:28pm
Quoting Bluesky8635
{quote} No, I don't think it is mandatory. If waiting the break, it may be too late for entry sometimes. You can use the break of Fractal to add-on.
Well, let's say the candle on the pair is closed and I can make some conclusions on this candle. Synergy changed color, Green above red on TDI. Will it be possible to enter the purchase of this candle if it closes?
Attached Image (click to enlarge)
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  • #2,466
  • May 20, 2017 4:50am May 20, 2017 4:50am
Quoting ejlestrado
{quote} Well, let's say the candle on the pair is closed and I can make some conclusions on this candle. Synergy changed color, Green above red on TDI. Will it be possible to enter the purchase of this candle if it closes? {image}
Hi, ejlestrado

I want to say that.

First, I am a newbie too and trade not very well. so what i said is just for a reference.
we can learn from each other. but i am not a person of authority.

Second, let to talk about your chart
MY Questions is:
1- how do you judge a trend? how to judge it is a sideways or not?
2- how to entry a initial trade? use pending order or should wait the candle closed to confirm?

For your question:
I like to wait the candle closed as confirm.
If it closed above the fractal (as the upper edge of consolidation), I will entry buy. The reasons for entry buy:
(1) make a Higher-High
(2) the body of candle is large enough.
(3) break the factal or consolidation.
(4) PA is above 7MA&100MA&200MA.

Hope help to you.

regards
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd tms d chart ejlestrado 20170519.png Size: 71 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,467
  • May 22, 2017 12:05am May 22, 2017 12:05am
Concerning the first question, frankly, I do not know how to correctly determine its direction, I often go into the market for divergence. This question was asked only on the basis of your screenshots. I enter the transaction only with a pending order on rollback. Thanks for the helpful answers. Sincerely.
  • #2,468
  • May 22, 2017 4:51am May 22, 2017 4:51am
Hi, Bluesky8635, What do you think about selling this pair? Thanks in advance for the answer.
Attached Image (click to enlarge)
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  • #2,469
  • May 22, 2017 2:33pm May 22, 2017 2:33pm
As for me, not a bad time for shopping nzd/usd! I'll go into the deal on rollback! Sale gbp/nzd! Very good looking silver purchases!!!What do you think about these deals Bluesky8635?
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  • #2,470
  • May 23, 2017 12:45am May 23, 2017 12:45am
Quoting ejlestrado
Hi, Bluesky8635, What do you think about selling this pair? Thanks in advance for the answer. {image}
Yes. I think it is a A+ setup.
I also entry.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD TMS For D Chart 20170519 ejlestrado.png Size: 80 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,471
  • May 23, 2017 1:02am May 23, 2017 1:02am
Quoting ejlestrado
As for me, not a bad time for shopping nzd/usd! I'll go into the deal on rollback! Sale gbp/nzd! Very good looking silver purchases!!!What do you think about these deals Bluesky8635? {image} {image} {image}
Hi, ejlestrado

1- NZDUSD
(1) The price is under 100&200MA, long term is down trend.
(2) It is very close to the R Level.
For me, it is down trend and no have enough room to run, so I would not take this pairs.

2- GBPNZD, it is good instead of NZDUSD to trade.
(1) Break the consolidation
(2) TDI run downward
(3) have enough room to run
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD TMS For D Chart 20170523.png Size: 78 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,472
  • Edited 2:30am May 23, 2017 1:14am | Edited 2:30am
Quoting ejlestrado
{quote} Hello, thank you, for your posts. I closely watch your theme. One question. With all the entry points, the breakdown of the fractal is mandatory? Sorry for my English.
Hi, ejlestrado

1- About the break of the fractal
“using Fractal breaks for re-entries / add-ons, and use these as part of my analysis / chart posts and training sessions. I was using them for some time before I found TMS”. --#post 110
2- About Pending order
See #post 124
https://www.forexfactory.com/showthr...85#post5261385
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #2,473
  • May 23, 2017 9:56am May 23, 2017 9:56am
Quoting Bluesky8635
{quote} Hi, ejlestrado 1- About the break of the fractal “using Fractal breaks for re-entries / add-ons, and use these as part of my analysis / chart posts and training sessions. I was using them for some time before I found TMS”. --#post 110 2- About Pending order See #post 124 https://www.forexfactory.com/showthr...85#post5261385
Thank you friend!
  • #2,474
  • May 24, 2017 7:12pm May 24, 2017 7:12pm
Quoting Deichkind
{quote} Don't see a TDI-Cross from your first entry on my Charts, nor Britpip7 don't enter at Candle close, Britpip enter with pending order, do you have a trading plan and keep on it? Whats your exit-strategy behind it? Please follow the rules from Britpip7, the founder from this thread
Deichkind,

I like your comments regarding sticking to your trading plan - makes for repeatable actions - keep up the great work . Pending sell stop or buy stop works well - I mostly use that approach for when I cannot watch the charts and base the decision on price action and the signals.

Cheers - David C.
"To live with Passion, it takes Courage and Grace to survive"
  • #2,475
  • May 24, 2017 7:19pm May 24, 2017 7:19pm
Quoting ejlestrado
Hi, Bluesky8635, What do you think about selling this pair? Thanks in advance for the answer. {image}
For my 2 cents on this it looks a late entry - a better entry would have been when price action broke the previous fractal low - but then hindsight is wonderful
"To live with Passion, it takes Courage and Grace to survive"
  • #2,476
  • May 24, 2017 7:34pm May 24, 2017 7:34pm
Great thread here.

I am learning the TMS from the original thread but applying it always on the D1 charts since day d1.

Good to see some filters added. Fractals show great S/R.

I have few ques.

1.) Are the rules still valid from post 1.
2.) I don't see any RSI on the templates.
3.) Does the cross need to be on the first or second color change candle.
  • #2,477
  • May 24, 2017 11:35pm May 24, 2017 11:35pm
Quoting newtrojan
Great thread here. I am learning the TMS from the original thread but applying it always on the D1 charts since day d1. Good to see some filters added. Fractals show great S/R. I have few ques. 1.) Are the rules still valid from post 1. 2.) I don't see any RSI on the templates. 3.) Does the cross need to be on the first or second color change candle.
Hi,

Post #1 is still valid for rules with the exception that I have dropped RSI - it didn't seem to add anything.

The cross can be 1st or 2nd candle wrt colour change on APB

Please post a chart sometime.
"To live with Passion, it takes Courage and Grace to survive"
  • #2,478
  • May 24, 2017 11:37pm May 24, 2017 11:37pm
Thought I'd see what was happening on the thread. Looks to be running well

I'll post some charts over the next few days.

Happy trading.
"To live with Passion, it takes Courage and Grace to survive"
  • #2,479
  • May 25, 2017 7:28am May 25, 2017 7:28am
Quoting Britpip7
{quote} Hi, Post #1 is still valid for rules with the exception that I have dropped RSI - it didn't seem to add anything. The cross can be 1st or 2nd candle wrt colour change on APB Please post a chart sometime.

Thanks for the reply Brit. Soon Ill be posting chart. Lets see if all the conditions are met today.
  • #2,480
  • Edited 9:03pm May 25, 2017 5:37pm | Edited 9:03pm
Ok first chart here.

USD CAD -Cross at OB Area. Candle turning blue. S/L and T/P based on the ATR.

AUD USD - second candle color change, good angle of cross, fractal break.


Comments please. I am still learning price action. I might have overlooked a lot of stuff. Thats why I am here to learn from the masters.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD-D1.PNG Size: 220 KB
Click to Enlarge Name: AUD USD.PNG Size: 226 KB
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