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Trading Made Simple

  • #84,761
  • Dec 27, 2017 12:44pm Dec 27, 2017 12:44pm
Quoting Divergence
{quote} Let me add a few thought to what he just stated. Trading is about making money. It's about being in business for yourself making daily income. If your going to use the large stops that's required you probably will be trading less that 1.00 a pip where's the business plan with that.unless this is just a hobby making a couple a bucks a month

'losing a couple of bucks', might be more appropriate. I'm quite sure that those using micro lots are trading without stops and thus the thinking behind it... it doesn't matter if it goes 200 pips against you. Eventually it will be 500+ pips and that's when it will be closed...

I see someone is hasty with the 'dislike' button. Best carry on kidding themselves i guess.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #84,762
  • Dec 27, 2017 1:11pm Dec 27, 2017 1:11pm
Quoting Divergence
I think market profile shows it clearer thanks anyway
Maybe, but does it show you market direction. Does it also offer you a take profit or a stop loss level.
Trading thin liquidity at the boundary of the charts
  • #84,763
  • Dec 27, 2017 1:23pm Dec 27, 2017 1:23pm
Quoting RickM
{quote} Maybe, but does it show you market direction. Does it also offer you a take profit or a stop loss level.
Levels show me target PA shows me direction and stop loss area
  • #84,764
  • Dec 27, 2017 1:46pm Dec 27, 2017 1:46pm
Quoting emmanuel7788
AUDJPY H4 Trading Made Simple becomes EASY trading in 2018 with TMS VLine SMART Tools trading on charts. {image} {image} early entry with price action with TMS VLine
Thanks Emm for the excellent contribution to this TMS thread. Without you this would have not progressed this far - keep the good work going - you will be rewarded - we all with you - alles Gute -
I trade to kill time and you?
  • #84,765
  • Dec 27, 2017 2:01pm Dec 27, 2017 2:01pm
Quoting bob44
{quote} Can you please tell me where to find TMS VLine indicator thank you Bob44
Anybody?
  • #84,766
  • Edited 5:39pm Dec 27, 2017 4:02pm | Edited 5:39pm
Just read this file from cover tho cover only !4 pages. Well worth the read educational.


Attached File(s)
File Type: pdf dcginc posts (1).pdf   880 KB | 463 downloads





Attached Image
  • #84,767
  • Edited 6:53pm Dec 27, 2017 6:16pm | Edited 6:53pm
Quoting The Cableguy
More to the point, how the hell can you make money relying on Monthly or Daily charts??? You're telling me that you have a 3:1 R:R method, but you have to wait days or even weeks for a result? Absolutely none of this adds up unless you are trading using percentages and have a huge pot. In which case, buy high dividend yielding shares and reveal yourself as an investor, cos that's all it really is... This break out of a 'Kings box'? now show some live entries over the coming days, cos i can gaurantee that it will have just as many failures as winners...
Hi Cableguy

Thanks for your feedback, however I am not sure your'e had the time to read my posts and actually comprehend my strategy.
You need to find time to read all my previous posts and I haven't even talked about my money Management strategy yet.

Lets lay it out again. ......We are trading the 4 Hour charts only. Next we place Monthly resistance lines on charts. Then we await for large WRB bars to travel across these lines to form a period of consolidation. Next we trade on an exit out of this area with conviction. This area I call a Kings box.

I will be posting some live charts up in the new year but its been a very profitable system to date. If you read one of my posts a week ago, you will see a chart that shows I have increased my trading account in December by 79% in 15 trading days.

And what about today where I am trading on holiday in freezing Chicago dodging the bullets.
EURNZD - Up 25 Pips / NZDUSD - Up 35 Pips / AUDJPY - Up 33 Pips / NZDJPY - Up 29 pips / CADJPY - Up 21 pips / GBPNZD - Up 16 Pips
USDCAD - Down 11 pips

I must say the Daily Average Range of these pairs is around half their normal value, so trading is indeed light.
Trading thin liquidity at the boundary of the charts
  • #84,768
  • Dec 27, 2017 6:51pm Dec 27, 2017 6:51pm
Quoting The Cableguy
{quote} It's non stop 'talking the talk' on here D. Indicators and ideas... Guys, The buying a 'breakout of the box', isn't a bad idea in itself. Channels and flags/pennants are usually just consolidation before the next move, but there will still be far too many false signals. Then you are entered into the trade, just as it turns against you, so where is your stop? below the box? That's a long way back down and a lot of initial Risk. So let's say, that you get it right and want to preserve your pips, so you trail your stop. A nasty little pullback...
Hi Again Cableguy

You have raised some good points but we should never limit ourselves to single entry, single exit. It is OK to place the first trade at a favourable breakout area and I agreed with you that perhaps a better spot may have been where the area of previous demand was recently. But we can also do this within a multiple trade position setup. Here we would place a buy at a breakout area, then place a second limit buy in the area of demand that is 1.5 bigger lot size. This will give us the
benefit of a good average price setup.

This is my Smart Money strategy I use in the Kings Box Breakout method. Attempting to trade with only one trade within a position or a basket limits your ability to trade for a living. And I also agree trading without a stop loss is a quick way to the poor house.
Trading thin liquidity at the boundary of the charts
  • #84,769
  • Dec 27, 2017 6:56pm Dec 27, 2017 6:56pm
Rick I understand all your saying but unless you have a large acct stops will be HUGE. But if your trading penny's then you a hobby TRADER which is ok. I treat this as a business which is a full time deal for income to live on
  • #84,770
  • Dec 27, 2017 7:19pm Dec 27, 2017 7:19pm
Hi Folks,

Are there any good books that are recommended to learn technical analysis? I have seen many books which rather than going into details of identifying entries and exits they are filled with bs like Money Management and Psychology. Even though I am a newbie I have realized that MM and psychology doesn't save you if you don't know how to trade.
Videsha Mudal Welenda
  • #84,772
  • Dec 27, 2017 8:30pm Dec 27, 2017 8:30pm
Quoting RickM
{quote} What am I hoping to achieve. There are perhaps between 10 -20 reasonable TDI crosses on the H4 charts every week. Well over half turn out to be invalid within a few bars / candles. My use of the Kings Candle / Box is a method to be able to dismiss a lot of those trades, but not all. It is a strategy in being able to choose only A$$$ trade setups using the TDI not as King, but as Jack King - Kings Box Breakout when price action is moving AWAY from box and Monthly Control Line. Queen - Cross of the 5 EMA Shift 3 Jack - TDI Bounce of the Green...
@RickM is this a variation of the TDI system? How does this work? Is the king's box something you manually draw? What about indis? Pardon me if you have posted answers to these questions in previous posts.
  • #84,773
  • Dec 27, 2017 8:58pm Dec 27, 2017 8:58pm
Quoting iandjx
{quote} @RickM is this a variation of the TDI system? How does this work? Is the king's box something you manually draw? What about indis? Pardon me if you have posted answers to these questions in previous posts.
Can you share this SMART Tools using TMS VLine on chart ?
  • #84,774
  • Dec 27, 2017 8:58pm Dec 27, 2017 8:58pm
Quoting emmanuel7788
Hidden
Hi emmanuel,

This TMS Vline Indicator is new strategy? How to put this one?

Also you are not using Stoch as an backup indicator?

Thanks
  • #84,775
  • Edited 10:37pm Dec 27, 2017 9:41pm | Edited 10:37pm
Quoting bob44
{quote} Can you please tell me where to find TMS VLine indicator thank you Bob44
Quoting yesmanppa
{quote} Can you share this SMART™ Tools using TMS VLine on chart ?
Quoting ekoooy
{quote} Hi emmanuel, This TMS Vline Indicator is new strategy? How to put this one? Also you are not using Stoch as an backup indicator? Thanks
You guys are real amusing. There is nothing special about TMS Vline.
https://www.forexfactory.com/attachm...4&d=1497607416

Even better. In this post you will find the mq4 file
https://www.forexfactory.com/showthr...17#post9380317

What now?
Now you start to code.
How to display the V line only to show A+++ cross over's
- Find the mq4 file that display the angle of green. Something like this: MathArctan(TdiGreen0 - TdiGreen1)*180)/3.1415
- Find the mq4 file that display support / restance level :ArrayResize(zone_hi, zone_limit)
- Find the mq4 file that measure the bar / wick : Barsize = Open[1] - Close[1]
Now use iCustome or create void function's based on above point's.

After many week's you have your own secret indicator
  • #84,776
  • Dec 27, 2017 10:22pm Dec 27, 2017 10:22pm
Quoting Tekkies
{quote} Rick How do you set the next monthly control line? Is the "box" inside / between Support and Resistance?
Look at these two charts of a trade I may enter soon.
By TDI standards its late but I believe its better to join the big players and jump on their bus.
Chart one shows the set up Kings Bar which later became a Master Bar.
Chart two shows me adding in the Kings Box.

This current Bar could be the signal to enter if it shows strength.
Attached Image(s) (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #84,778
  • Dec 27, 2017 11:28pm Dec 27, 2017 11:28pm
EURUSD

Breakout is confirmed so trade entered at 1.1917 with Stop Loss below Kings Box.

But we need to be smarter than just taking a single trade. We need to realise that trading Forex is like riding a roller coaster, there is ups and downs before we get to the end. There is always a possibility that price action may reverse back down to the area of supply. This is not an action to close the trade, rather its an opportunity to top up our trade size safety.
We enter a Buy Limit order in the middle of the area of supply which is within the middle of the Kings Box. This trade size for me is 1.5 times larger than the first trade so we will end up with a better average price.

Lets see how the story unfolds
Attached Image (click to enlarge)
Click to Enlarge Name: eu13.png Size: 283 KB
Trading thin liquidity at the boundary of the charts
  • #84,779
  • Edited Dec 28, 2017 12:22am Dec 27, 2017 11:29pm | Edited Dec 28, 2017 12:22am
Quoting emmanuel7788
Hidden
Beside the free promoting of your product emmanuel, you left out the part that the so called price action that indicator use is also based on a lagging indicator. After all the candle bar chart is an indicator.

Really emmanuel, whoevery is in that group don't know much about coding. Just for fun to pass the time did a fast comparison. it does not look good. Stop at chart 3. No wonder the entry's exit's you post on past chart's are so flawed
Attached Image (click to enlarge)
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Click to Enlarge Name: fun2.PNG Size: 19 KB
Click to Enlarge Name: fun3.PNG Size: 126 KB
  • #84,780
  • Dec 27, 2017 11:37pm Dec 27, 2017 11:37pm
Quoting RickM
{quote} Look at these two charts of a trade I may enter soon. By TDI standards its late but I believe its better to join the big players and jump on their bus. Chart one shows the set up Kings Bar which later became a Master Bar. Chart two shows me adding in the Kings Box. This current Bar could be the signal to enter if it shows strength. {image} {image}
Thanks Rick
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