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Trading Made Simple

  • #82,781
  • Oct 26, 2017 6:09am Oct 26, 2017 6:09am
Quoting emmanuel7788
{quote} Hi, I think TheMark's membership was revoked by Forex Factory do have zero tolerance for certain online behaviour. However, I read his thread post which title caught my attention "Pivot Trading with TDI" & Thinking Outside The Box Thinking out of the box is what I encourage people to do all the time. Be open minded and accept criticism, and be open for robust discussions. I do agree with most of the points TheMark made in the context. Over the past 20 years, I have studied many trading systems using different version of pivots indicators...
right. almost silent when in red. at that time, usually soap stories are posted...
fortis fortuna adiuvat
  • #82,782
  • Oct 26, 2017 6:28am Oct 26, 2017 6:28am
Quoting catalin_eros
{quote} Thank you for replying, Emm! Here is something that I want to talk to you about: If you are interested, I can send you a PM regarding a MM idea that I had, which allows you to reduce risk by even about 62.5%. So instead of losing 1k pips on a trade, we would lose only 375 pips. I presented this idea in Guido's group, but I received feedback from only one trader. Unfortunately, it seems that they did not find it useful, nor interesting. But to me, controlling risk is all that matters, as the pips that I lose are far more important than the...
Quoting Sesamstrasse
{quote} You´re a very valuable player in our small group, a buddy since a long time and a discussion with you is always worth it. During the last 8-9 Years When I started trading I learned one thing basicly. Never change a running system. That means not that I´m not open minded. But 99% of the traders who lose money do it for ONE reason. The confidence! How should someone collect confidence to stay in a losing trade.. a losing streak or just some hard moments when a large spike appears and your position comes unexpected in drawdown. I say with 100%...
No worries guys. Let me look at the idea and see what I can with it while I have a few days before my year end vacation time.

Talk soon.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,783
  • Oct 26, 2017 6:49am Oct 26, 2017 6:49am
Quoting emmanuel7788
{quote} Welcome to TMS, You just started on a very long journey. There are many milestones to reach. To gain knowledge and experience takes lots of hours of hard and diligent work. But when you have the knowledge and the experience, these are your earthly possessions. You can share them with others but they can never take them away from you. {image}

Thanks, Emmanuel7788. Will stay here for a long long time and will try to post my chart soon.

And thanks again for share Lao Zi quote. This is the first time I see the Chinese"千里之行始于足下” first time in English.

Best,
  • #82,784
  • Oct 26, 2017 7:25am Oct 26, 2017 7:25am
just sharing some thought. Previously when i came across this trading strategy, i just follow blinding and did not understand much of the HA candle formation and what is the line in TDI about. So I decided to research and read everything so i know how to analyse what is the criteria for entry instead of just follow blindly. Attached is a pdf I found which talks about HA, the moving average and TDI. It is NOT the same as TMS strategy. I just share for the beginners or those who are new to this strategy for better understanding on how it works. I am NOT promoting the EASY method, there are some basic in this pdf which i find it helpful. If anyone find it inappropriate just let me know and I will remove it.

Cheers
Attached File(s)
File Type: pdf Dean Malone E.A.S.Y. Trading Method.pdf   1.8 MB | 1,140 downloads
  • #82,785
  • Oct 26, 2017 7:45am Oct 26, 2017 7:45am
Quoting Sesamstrasse
{quote} You´re a very valuable player in our small group, a buddy since a long time and a discussion with you is always worth it. During the last 8-9 Years When I started trading I learned one thing basicly. Never change a running system. That means not that I´m not open minded. But 99% of the traders who lose money do it for ONE reason. The confidence! How should someone collect confidence to stay in a losing trade.. a losing streak or just some hard moments when a large spike appears and your position comes unexpected in drawdown. I say with 100%...
I understand you, it makes sense: if it ain't broken, don't fix it. I am glad your account is growing like a mastodon. Keep up the good work, and thanks for being my buddy!
  • #82,786
  • Oct 26, 2017 7:59am Oct 26, 2017 7:59am
Quoting catalin_eros
{quote} Thank you for replying, Emm! Here is something that I want to talk to you about: If you are interested, I can send you a PM regarding a MM idea that I had, which allows you to reduce risk by even about 62.5%. So instead of losing 1k pips on a trade, we would lose only 375 pips. I presented this idea in Guido's group, but I received feedback from only one trader. Unfortunately, it seems that they did not find it useful, nor interesting. But to me, controlling risk is all that matters, as the pips that I lose are far more important than the...
I am always interested
  • #82,787
  • Edited 11:04am Oct 26, 2017 8:40am | Edited 11:04am
Quoting emmanuel7788
{quote} Hi, I think TheMark's membership was revoked by Forex Factory do have zero tolerance for certain online behaviour. However, I read his thread post which title caught my attention "Pivot Trading with TDI" & Thinking Outside The Box Thinking out of the box is what I encourage people to do all the time. Be open minded and accept criticism, and be open for robust discussions. I do agree with most of the points TheMark made in the context. Over the past 20 years, I have studied many trading systems using different version of pivots indicators...
You agree with most of the points TheMark made in the context? He had no idea what he was doing and wanted his hand held.

Quoting TheMark
{quote} I'll watch these videos thanks. Yes, I admit I'm impatient and feel if I don't enter I'll miss out on the move or get in bad prices and wouldn't profit much, so I think fear and greed are controlling me when I trade and I end up losing.

Quoting TheMark
{quote} This is something I think needs to be addressed more in this thread, too many people don't (me included) wait for PA reversal and enter at bad times and suffer DD.

You get frustrated with people who refuse to read as well.

With all do respect E, professional prop traders are not using TMS systems. They are using PASR, ATR/ADR levels, pivots and fibs. Even the OP BigE moved on from TMS.
Trade with confidence, trade without fear.
  • #82,788
  • Oct 26, 2017 11:53am Oct 26, 2017 11:53am
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  • #82,789
  • Oct 26, 2017 12:13pm Oct 26, 2017 12:13pm
I haven't played with this method for a while, I took this one, let's see how it'll go:
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  • #82,790
  • Oct 26, 2017 12:14pm Oct 26, 2017 12:14pm
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  • #82,791
  • Oct 26, 2017 3:21pm Oct 26, 2017 3:21pm
TMS TDI extreme slope
.. happens once in a while
and if you missed the last H4 candles , you missed nothing.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,792
  • Oct 26, 2017 3:23pm Oct 26, 2017 3:23pm
Big news ahead for NY session tomorrow...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,793
  • Oct 26, 2017 3:26pm Oct 26, 2017 3:26pm
This happens to one trader I met in 2012, he busted his accounts once every 2 years.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,794
  • Oct 26, 2017 3:41pm Oct 26, 2017 3:41pm
The EUR/usd will meet the 3 mechanical rules of thé pac. After such a ride down in a short time is it Still worth it To get in. Or do We now wait for retracement and go in after wards.
  • #82,795
  • Oct 26, 2017 4:00pm Oct 26, 2017 4:00pm
Quoting Cryptosurf
{quote} You agree with most of the points TheMark made in the context? He had no idea what he was doing and wanted his hand held. Quoting TheMark {quote} I'll watch these videos thanks. Yes, I admit I'm impatient and feel if I don't enter I'll miss out on the move or get in bad prices and wouldn't profit much, so I think fear and greed are controlling me when I trade and I end up losing. Quoting...
I have some older posts on TMS and I got so annoyed with the different iterations that I moved forward from it as well. Got scolded for being a purist. But it remains a good starter system I think. What I learned is that if you have to use PASR to confirm signals, why not just use PASR itself? A light bulb went off and that was that. I can't live in the USA off what I make, but I can pay a bill or two, and it is fun to interact. Anyways Crypto, see you around!
If you are good at something, never do it for free--Joker
  • #82,796
  • Oct 26, 2017 4:07pm Oct 26, 2017 4:07pm
Hi fellow traders
I need some advice, I took a trade on the AUDUSD currently in profit. I'm not sure if it's coming to a refusal as in the h4 frame, the green and red lines are outside the TDI 32 point (see pic were I have drawn a line) it's the lowest it's been since 2014. My question is can we continue to trade if we go past the 32 mark if we have the HA candles closed outside the PAC and we have fresh space to move into on the day frame. I trade daily but look at 4hour time frame as well.

Sorry if this message sounds confusing, trying to explain it as best as I can
Cheers
Craig
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  • #82,797
  • Edited 6:54pm Oct 26, 2017 6:41pm | Edited 6:54pm
Quoting Jaizy
The EUR/usd will meet the 3 mechanical rules of thé pac. After such a ride down in a short time is it Still worth it To get in. Or do We now wait for retracement and go in after wards.
there may not be any retracement for you to get an entry...

should have got in when the D1 candle close below the PAC, i.e. open sell entry when today D1 candle open.

then wait for 0.5ADR retracement and add the second ME position.

your sell technical stop loss is previous 2 weeks High and do your Position Sizing for every add-on ME Position.

Edit:
ADr(100) D1 is 82 pips, you can simply use 40pips as your 0.5ADR setting

set your Minimum Take Profit at 0.5ADR

this mean when price move in your favour +0.5ADR, you exit and take the money. Re-enter a new Position and initiate a new basket.
after you intiated a new trade basket and price retraces 0.5ADR, you add another ME position.
With 2 ME positions in a new basket you keep track of the average entry price. There is an indicator for doing this.

if the market move in your favour after you have 2 open ME positions/basket, you manage with Profit Lock.
Profit Lock is an option which you can also use 0.5ADR.
With 2 open positions /basket and when the price move in your favour and past the Profit Lock level, this will be your trailing stop.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,798
  • Oct 26, 2017 6:47pm Oct 26, 2017 6:47pm
Quoting irishcraig09
Hi fellow traders I need some advice, I took a trade on the AUDUSD currently in profit. I'm not sure if it's coming to a refusal as in the h4 frame, the green and red lines are outside the TDI 32 point (see pic were I have drawn a line) it's the lowest it's been since 2014. My question is can we continue to trade if we go past the 32 mark if we have the HA candles closed outside the PAC and we have fresh space to move into on the day frame. I trade daily but look at 4hour time frame as well. Sorry if this message sounds confusing, trying to explain...

you should post only the screen shot of your MT4 chart and not the whole window of your PC which shows confidential information.

in strong trends, we do not worry about the RSI or TDI 32 level.

the RSI and TDI are both oscillators, they are good for ranging market conditions and not trending market condition.

when your trade the D1 chart timeframe, you manage in the same D1 chart timeframe. Do not try and micro-manage in lower timeframes.

if you are concern that the D1 RSI/TDI is at the 32 level, then look at the Weekly to see the trending condition.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,799
  • Oct 26, 2017 6:50pm Oct 26, 2017 6:50pm
Quoting emmanuel7788
{quote} there may not be any retracement for you to get an entry... should have got in when the D1 candle close below the PAC, i.e. open sell entry when today D1 candle open. then wait for 0.5ADR retracement and add the second ME position. your sell technical stop loss is previous 2 weeks High and do your Position Sizing for every add-on ME Position.
Thanks for the reply, I did go in at thé open of the daily candle . I appreciate your reply and all the info that you give!!!! Ty
  • #82,800
  • Oct 26, 2017 6:55pm Oct 26, 2017 6:55pm
Quoting Jaizy
{quote} Thanks for the reply, I did go in at thé open of the daily candle . I appreciate your reply and all the info that you give!!!! Ty

ooops...
while your were typing,...
I just edited the post above with more details.
more on MEME trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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