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Trading Made Simple

  • #81,761
  • Sep 4, 2017 4:07am Sep 4, 2017 4:07am
Quoting anwaarkhan
{quote} Thanks for sharing your current trade report,I am afraid of opening a single position today as the market opening gap shattered my trading set ups and trading plan.I will jump into market as the noise clears out and Charts show me clear pictures.

I agree with you.

Whenever there are price gaps, the TDI as a trade signal is not reliable. You get false angle, crosses, bounce, etc. That is one reason why Big E did not trade the NY Sunday candles.

You need to give time for the TDI to settle and 'correct' itself whenever there are price gaps.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,762
  • Sep 4, 2017 4:22am Sep 4, 2017 4:22am
HI ALL!
First of all, I would like to thank Big E for creating this topic, and I am very sorry that he passed away, hoping he was happy and happy in the new place.
And thank those who kept and continued to do as good as Big E did.
I'm a new person watching this topic for about 6 days, maybe I'm surfing fast now I'm on page 940 and going from there.
Question: My entry is late compared to TMS in the 3rd candle, because I waited for it to get out of the way. So that's my order that I have to follow the right method. Very grateful for the comments.
Sorry my english is so bad i asked google translate.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ H4 - 04-09-2017.jpg Size: 242 KB
  • #81,763
  • Sep 4, 2017 5:08am Sep 4, 2017 5:08am
Quoting Black
{quote} Hello Sesamstrase, what exactly is a strong post for someone to be noticed?
Good morning Black.

When someone posts houndreds of articles TMS D1 related..(here or in any other forum) and it looks like:
our group likes;
-the manner
-the knowledge
-and the kind how someone can explain his view
.... "short" we īd like to have his view a bit closer ..
.. then we ask that member...

Don t forget.. it should be a WIN WIN situation for BOTH parties.. we don t need sand in the gearbox.
And if the group is getting too large, it makes no sense..


Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #81,764
  • Sep 4, 2017 5:52am Sep 4, 2017 5:52am
Quoting notsure8911
HI ALL! First of all, I would like to thank Big E for creating this topic, and I am very sorry that he passed away, hoping he was happy and happy in the new place. And thank those who kept and continued to do as good as Big E did. I'm a new person watching this topic for about 6 days, maybe I'm surfing fast now I'm on page 940 and going from there. Question: My entry is late compared to TMS in the 3rd candle, because I waited for it to get out of the way. So that's my order that I have to follow the right method. Very grateful for the comments....

If you had based your trade entry on the TDI, it was not a reliable signal because of the price gap down when today market open.
the steep angle of the TDI green is based on the Close price of the real price bar and not the HA candle.
The HA candle body covers the real price and you cannot use that price action because that opening H4 bar did not have any momentum.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Sep 04 H4 price gap and TDI.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,765
  • Sep 4, 2017 5:57am Sep 4, 2017 5:57am
Quoting notsure8911
HI ALL! First of all, I would like to thank Big E for creating this topic, and I am very sorry that he passed away, hoping he was happy and happy in the new place. And thank those who kept and continued to do as good as Big E did. I'm a new person watching this topic for about 6 days, maybe I'm surfing fast now I'm on page 940 and going from there. Question: My entry is late compared to TMS in the 3rd candle, because I waited for it to get out of the way. So that's my order that I have to follow the right method. Very grateful for the comments....

You are new to this thread. Perhaps, this below can help you get up to speed by first reading the OP's posts and master the 5-Method.

New traders coming to this thread have three Options:

Option #1: Go to this post link, read and follow that post.

https://www.forexfactory.com/showthr...80#post9661780

Option #2: Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

Option #3: Click and read One, Two and Three

If you an exprienced trader, Option #3 is all you need to read.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,766
  • Sep 4, 2017 10:06am Sep 4, 2017 10:06am
Quoting emmanuel7788
Money Management Strategy for TMS {quote} {quote} {quote} Reading recent posts, there are a few questions which I think are related to money management strategy used in trading TMS. Most traders here trades with fix lot size and do not use position sizing with percentage risk of equity. Whether you are trading just for few dollars, or to supplement your full time job, or to grow an account, etc. you need to consider what your money management strategy work best for your business. I posted one of my account using myfxbook to show you that trading...
Hello emmanuel,

Your posts are always very helpful in learning. Each time I read your posts I learn something good. You pdf on Money management is amazing. Thank you for continuing this thread and wonderful work of Big E.

Cheers,
  • #81,767
  • Sep 4, 2017 10:34am Sep 4, 2017 10:34am
Hello Guys,
i am surprised to see the Title, Trading is Never Simple, unless you make you own algorithm, not EA's or Robots,
its Like strategy you work on for years, i have one that works Great.
anyways i just wanted to see how guys are doing in here,
try to Make your Own strategy its forever, no matter how much time it takes ( it took me 3 years) it is worth it, because then you can just follow your strategy with your rules you made for your strategy and never Bend the rules, always stick to your strategy and you will be successful one day i promise you that.
see me no EA's or Robots just solid research and Few Technicals to help me Trade Logical Trading not Auto Trading or anything.
you have to put in the effort if you want to learn only question is that is there anyone who is willing to teach you with out those Nonsense EA's or ROBOTS,
if you are Going to choose this as profession then Buckle up its going to be very hard but at the end its worth it, because after that you will earn from this market for the rest of your life.

you may ask why because after 3 years of hard work i started trading live account and you can see the results below its LIVE and with USA broker,
but their restrictions are very very hard to trade so i left but still,
starting with $3,000 and after 3 years ending with $75,000 is not bad.
what you are seeing below is just 1 year Live trading even with
US Brokers Restrictions like
50:1 Leverage,
Hedging Not allowed,
and worst of all FIFO Rule (First In First Out)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DubaiFx 1 Year Live Trading Portfolio-page-001.jpg Size: 1.2 MB
Click to Enlarge Name: DubaiFx 1 Year Live Trading Portfolio-page-002.jpg Size: 443 KB
Click to Enlarge Name: DubaiFx 1 Year Live Trading Portfolio-page-003.jpg Size: 688 KB
Click to Enlarge Name: DubaiFx 1 Year Live Trading Portfolio-page-004.jpg Size: 691 KB
Click to Enlarge Name: DubaiFx 1 Year Live Trading Portfolio-page-005.jpg Size: 686 KB
Click to Enlarge Name: DubaiFx 1 Year Live Trading Portfolio-page-006.jpg Size: 662 KB
Click to Enlarge Name: DubaiFx 1 Year Live Trading Portfolio-page-007.jpg Size: 662 KB
Don't compare your Trades with Others
  • #81,768
  • Sep 4, 2017 10:44am Sep 4, 2017 10:44am
Quoting bodal
{quote} Hi , may I ask you if you use the TMS system only , on SE/SE (single entry/exit) , in how many months do you expect to double your account ? thanks in advance for your answer.
Hi Bodal,
Yes (more or less), on my main account I will mostly go in a new trade when the TMS rules apply. However, when all the TMS rules apply does not automatically mean I will do the trade. I also want to have a "good feeling" about the trade.
Other stuff that I take into consideration:

  1. Is there a high impact news announcement expected.
  2. Is it near the end of the week. Try not to have open trades over the weekend.
  3. Is the spread not to big.
  4. What are other TMS enthousiasts in this blog saying.
  5. Has Trump tweeted or may he be about to.
  6. Do I already have open trades on currencies involved in the pair.

Sometimes I do take a trade just before all the signals are in place. I do not consider that a good habbit but it does sometimes happen.
I have now approx. 40% profit on my small account. I think I started trading TMS about 6-8 months ago. I have no idea when I will break the 100% profit barrier and I have no problem with that. Whenever an opportunity arrises I will take it (if all my conditions apply).

That's all

  • #81,769
  • Sep 4, 2017 1:27pm Sep 4, 2017 1:27pm
t
Quoting DubaiFX
Hello Guys, i am surprised to see the Title, Trading is Never Simple, unless you make you own algorithm, not EA's or Robots, its Like strategy you work on for years, i have one that works Great. anyways i just wanted to see how guys are doing in here, try to Make your Own strategy its forever, no matter how much time it takes ( it took me 3 years) it is worth it, because then you can just follow your strategy with your rules you made for your strategy and never Bend the rules, always stick to your strategy and you will be successful one day i promise...

good post.

The Hard Truth.... there is no such thing as trading made simple.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,770
  • Sep 4, 2017 1:30pm Sep 4, 2017 1:30pm
Quoting emmanuel7788
{quote} {quote} Week 36 Sep 4 to 8, Trades open with current Trade Report {image} ================================== Nice tool - Trade Report on your chart. Go and download here: https://www.forexfactory.com/showthr...97#post9527897
Trade Report Sep 04:

As usual, a very slow Monday, especially after last Friday NFP.
Nevertheless, took small profits from GBPCAD and now re-open a new basket.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD trades closed Sep 04.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,771
  • Edited 2:56pm Sep 4, 2017 2:35pm | Edited 2:56pm
Quoting emmanuel7788
{quote} Trade Report Sep 04: As usual, a very slow Monday, especially after last Friday NFP. Nevertheless, took small profits from GBPCAD and now re-open a new basket. {image}
Hi emmanuel
you only enter a trade if, for example, the signal you have on weekly timeframe is the same on daily? And then you enter on h1 timeframe. Am i right?
and if during the week the signal changes on the daily timeframe but it stays the same on the weekly timeframe? You get Out of the trade?
  • #81,772
  • Sep 4, 2017 5:07pm Sep 4, 2017 5:07pm
Quoting DubaiFX
Hello Guys, i am surprised to see the Title, Trading is Never Simple, unless you make you own algorithm, not EA's or Robots, its Like strategy you work on for years, i have one that works Great. anyways i just wanted to see how guys are doing in here, try to Make your Own strategy its forever, no matter how much time it takes ( it took me 3 years) it is worth it, because then you can just follow your strategy with your rules you made for your strategy and never Bend the rules, always stick to your strategy and you will be successful one day i promise...
What a nice result. I am using also the same broker.
https://bit.ly/3Iel8hJ
  • #81,773
  • Sep 4, 2017 6:46pm Sep 4, 2017 6:46pm
Quoting emmanuel7788
{quote} Trade Report Sep 04: As usual, a very slow Monday, especially after last Friday NFP. Nevertheless, took small profits from GBPCAD and now re-open a new basket. {image}
We don't trade the same way, and I am sure you have your reasons, but why did you take your second 5mn trade while 1H HA was still above PAC(high). Wouldn't it improve your probabilities if you at least confirm that either 1H HA is below PAC(high) or, at least, that the green TDI line has turned south?
  • #81,774
  • Sep 4, 2017 7:23pm Sep 4, 2017 7:23pm
Quoting jaisis21
{quote} What a nice result. I am using also the same broker.
thank you, yes nice broker, but i am not US citizen so i don't have to use Oanda,
i had Investor from USA so for US traders Oanda is the Best option,

now i have switched to another broker.
but yes Trading with Oanda was Fun and HARD TOO,
but that teach me a lotttt of things i cannot even count, proper money management
because fo the LOW Leverage the Margin call was just a CALL AWAY. haha just kidding.
anyways it was good time with oanda.
have a nice day.
Don't compare your Trades with Others
  • #81,775
  • Sep 4, 2017 7:38pm Sep 4, 2017 7:38pm
Quoting darko2010
{quote} We don't trade the same way, and I am sure you have your reasons, but why did you take your second 5mn trade while 1H HA was still above PAC(high). Wouldn't it improve your probabilities if you at least confirm that either 1H HA is below PAC(high) or, at least, that the green TDI line has turned south?

Remember I trade the D1 chart and both trades are on the same D1 HA candle.
This is also continuation of my trades from the previous month Aug.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Sep04 trades on D1 candle.png Size: 32 KB


See comments on the D1 chart above. I only post the entries and exits on H1 to see the details.
The criteria for the first entry is clear, right?
2nd ME2 has a minimum pips distance from ME1, which is 25 pips and a time delay of 4 hours.
This is to prevent too many orders in volatile market. The entry is TDI(RSI) cross in M5 timeframe.
That ME2 position is 33pips from ME1 which give me a better average overall entry price.
All these cannot be done manually because I am not watching my charts in every 5 minutes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,776
  • Sep 4, 2017 7:43pm Sep 4, 2017 7:43pm
Quoting emmanuel7788
{quote} Remember I trade the D1 chart and both trades are on the same D1 HA candle. This is also continuation of my trades from the previous month Aug. {image} See comments on the D1 chart above. I only post the entries and exits on H1 to see the details. The criteria for the first entry is clear, right? 2nd ME2 has a minimum pips distance from ME1, which is 25 pips and a time delay of 4 hours. This is to prevent too many orders in volatile market. The entry is TDI(RSI) cross in M5 timeframe. That ME2 position is 33pips from ME1 which give me a...
Understood, but can't you just add a condition in your automated system that, in addition to your time and pip constraints, also add the points I mentioned?
If the current systems works for you, fine, but I am having the same issues for my trading and I find these conditions helpful to decrease DD and stress
Just my 2 cents
  • #81,777
  • Sep 4, 2017 7:59pm Sep 4, 2017 7:59pm
Quoting darko2010
{quote} Understood, but can't you just add a condition in your automated system that, in addition to your time and pip constraints, also add the points I mentioned? If the current systems works for you, fine, but I am having the same issues for my trading and I find these conditions helpful to decrease DD and stress Just my 2 cents
Sure, I have tested that. If we want to use the H1 PAC setup for ME entries, the retracement of the D1 candle has to be very deep. In that example yesterday, there was not deep retracement for a second entry and better overall entry price. See chart below with the same trades.

According to Big E's posts, he did not trade the D1 chart because the pull back can be 100 to 150 pips for those 8 pairs he traded. His money management will not work for him if he traded the D1 chart.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Sep H1 PAC.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,778
  • Sep 4, 2017 8:07pm Sep 4, 2017 8:07pm
Quoting emmanuel7788
{quote} Sure, I have tested that. If we want to use the H1 PAC setup for ME entries, the retracement of the D1 candle has to be very deep. In that example yesterday, there was not deep retracement for a second entry and better overall entry price. See chart below with the same trades. According to Big E's posts, he did not trade the D1 chart because the pull back can be 100 to 150 pips for those 8 pairs he traded. His money management will not work for him if he traded the D1 chart. {image}
I wouldn't have taken the first trade based on PASR to start with, and this is why I am not touching GBPCAD for now because of 1.60 support.
I am using TDI less and less and PAC/HA combination more and more. As you said on USDJPY, TDI can be misleading but PAC/HA is less so. Also, I am trying a modified version of HA that emphasizes high and low over open and close as these last two are just a picture of the bar at a given (random) time
  • #81,779
  • Sep 4, 2017 8:28pm Sep 4, 2017 8:28pm
Quoting darko2010
{quote} I wouldn't have taken the first trade based on PASR to start with, and this is why I am not touching GBPCAD for now because of 1.60 support. I am using TDI less and less and PAC/HA combination more and more. As you said on USDJPY, TDI can be misleading but PAC/HA is less so. Also, I am trying a modified version of HA that emphasizes high and low over open and close as these last two are just a picture of the bar at a given (random) time
There is support near 1.6000.
There is potential for sell continuation as I explained using the example in this post.
https://www.forexfactory.com/showthr...7#post10248967

For GBPCAD, we see empty space below 1.6000 seen on D1 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 36 empty space MN.png Size: 62 KB


But should this stall in the next few days/weeks in Sep, I am prepared with range trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,780
  • Sep 4, 2017 9:37pm Sep 4, 2017 9:37pm
[quote=emmanuel7788;10256318]{quote} You are new to this thread. Perhaps, this below can help you get up to speed by first reading the OP's posts and master the 5-Method. New traders coming to this thread have three Options:

I'm learning about these candlesticks from your suggestion:
https://www.forexfactory.com/showthr...41#post6658941
IB = inside bar
DIB = double inside bar
Pop Gun =?
DBLHC = Double Low Higher Close
DBHLC = Double High Lower Close
BUOB =?
BEOB = Bearish outside bar
I have not found candle models yet?
Thank you for the help.
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