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Trading Made Simple

  • #86,521
  • Apr 10, 2018 2:45am Apr 10, 2018 2:45am
EURUSD Week 15 Apr 10 H4 trading:

Waiting for a Bullish Engulfing Outside Bar BUEB/BUOB to take an entry. Trading in sideways ranging market seen on weekly W1.

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D1 has a gray zone target.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,522
  • Apr 10, 2018 7:20pm Apr 10, 2018 7:20pm
Quoting binhnguyenxu
[quote = emmanuel7788; 10949678] TMS Màn hình 10 tháng 4 {image} MN retacement trong các tác phẩm. Nhìn vào nến H1 nhỏ, nó không phải bất thường sau khi phiên London đóng cửa ... [/ quote] Hi emmanuel7788. How to install your template. Please help me
simple tools I use and they are free of charge here in FF.

lookup these posts below.

Post#76,270 for the pipware tool

and

Post#193 for the TMS Monitor tool

make sure you read those threads for more information how to set up the indicator (pipware) and the expert advisor(TMS Monitor).
if you have problem, post and ask in those threads and get help there.

Have Fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,523
  • Apr 10, 2018 7:27pm Apr 10, 2018 7:27pm
Quoting emmanuel7788
EURUSD Week 15 Apr 10 H4 trading: Waiting for a Bullish Engulfing Outside Bar BUEB/BUOB to take an entry. Trading in sideways ranging market seen on weekly W1. {image} D1 has a gray zone target. {image}

Yesterday H4 BUEB/BUOB setup went okay and those of you trading H4 would have made +50pips quite easily when price hit that gray zone high 1.2371.
Price did pulled back after hitting the new highfor this week and also this month. Watch those round numbers 50... 1.2350.

Today we shall see if the D1 candle will close above that 1.2371 and 'erase' the gray zone.

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For the time being, it is still buy on D1 chart timeframe until I see the turnaround. Pay attention when price action is between 1.2400 and 1.2450.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,524
  • Apr 10, 2018 7:40pm Apr 10, 2018 7:40pm
Double Inside Bar pattern .. a Price Action setup.

there are 2 entry possibilities with this setup if you are buyer and want to add-on more positions with banked-in profits.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 15 H4 DoubleIB Apr11.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,525
  • Apr 10, 2018 8:43pm Apr 10, 2018 8:43pm
How to add-on positions with banked-in (locked) profits?

You do not need to add-on positions using the same lot size.
It depends on the total risk % you use in your trading account allocated to trade a currency pair.
I trade using an Initial Stop Los 'Risk - R' and use Position Sizing. The same when you add-on more positions, you need to know where your initial Sl 'R" is and do the average entry price of all open positions.
Trade on the D1 charts and you have plenty of time to do all the necessary calculations and place your trades during the day. This way, I still have all the time in the world to do other things in life. I am retired and I still have plenty of better things to do and not be glued to my computer looking for trades and do trade management.

see this old post 81,030.

example:
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,526
  • Edited 10:00am Apr 11, 2018 9:43am | Edited 10:00am
In the spirit of 'Trading Made Simple" I'm sure the thread owner (rest his soul) would have wanted readers to see the second image he posted. A man of few words (because few words were needed) :

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Here is a link to that original easy to read post as the owner intended.

There wasn't really any need to say anything else, unless of course you were the kind of person (a Cuckoo) who wanted to sell your stuff off the back of someone who just wanted share his simple system.
'in less than half an hour he made over 100 ticks'
  • #86,527
  • Apr 11, 2018 10:25am Apr 11, 2018 10:25am
Quoting The Cableguy
Here's a head's up for a potential trade on the Loonie for you guys. I don't trade such time scales as the daily, but i know many of you do. Here is a potential overall EW count on the daily; {image} It would mean a simple ABC move where we might see wave C being 100% of wave A. This means likely fresh lows, or even if the correction is prolonged, we would expect either an X wave or B wave next, (ie - a long way down from here) On the faster time frame, it appears to be hitting resistance and forming a wedge. It might try and pop up first before...
17-03-18;

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Update (500 pips+ thus far);

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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #86,528
  • Apr 12, 2018 11:12am Apr 12, 2018 11:12am
Quoting jansb000
I made a little test EA, just to see if I can get the mechanical rules correct. {file} It needs only one additional indicator that doesn't come standard with MT4. It must be installed like in the screenshot... [so, you have to create a sub-folder "bim" and "tms" in your indicators folder] This TDI indicator can be found in the download area of this forum. {image} It should run fine on timeframe H4 or higher. I am testing it myself on H4. Don't forget: it's a test version. Do not trade with real money. Have fun
Hi. Thanks for the EA.There is many TDI indicators in that forum, but which particular one should we use? Can I use this one?
Attached File(s)
File Type: ex4 TDI Red Green.ex4   5 KB | 381 downloads
  • #86,529
  • Apr 12, 2018 1:38pm Apr 12, 2018 1:38pm
Quoting majamivice
{quote} Hi. Thanks for the EA.There is many TDI indicators in that forum, but which particular one should we use? Can I use this one?{file}

you are right, there are many different TDI indicators posted in this thread.

it is one reason why many traders will lose all their money using the wrong one.

the key to winning in TMS trading is how you trade using Post#647.

the method is simple but it is not a winning system.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,530
  • Apr 12, 2018 1:53pm Apr 12, 2018 1:53pm
Quoting emmanuel7788
{quote} you are right, there are many different TDI indicators posted in this thread. it is one reason why many traders will lose all their money using the wrong one. the key to winning in TMS trading is how you trade using Post#647. the method is simple but it is not a winning system.
Thanks
  • #86,532
  • Apr 13, 2018 3:32am Apr 13, 2018 3:32am
Quoting emmanuel7788
{quote} you are right, there are many different TDI indicators posted in this thread. it is one reason why many traders will lose all their money using the wrong one. the key to winning in TMS trading is how you trade using Post#647. the method is simple but it is not a winning system.
they're all the same arent they? aside from a few technicals. what did you mean by this?
  • #86,533
  • Apr 13, 2018 4:18am Apr 13, 2018 4:18am
Quoting sorostrustfu
{quote} they're all the same arent they? aside from a few technicals. what did you mean by this?

many different version of the TDI posted over the many years.

that version is not the same one which the OP used in all his training charts.

you need to forward test the TDI version in live market conditions and observe very closelyhow the TDI reacts to the market price.

after you have done enough demo trades in live market conditions, then you decide if that is the version you would be using to trade live with real money.

it will take time but you will learn on your own and not listen to anyone here who makes claims that they can trade and are making money from the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,534
  • Apr 13, 2018 4:23am Apr 13, 2018 4:23am
AUDUSD now +653 and waiting to see if it will test BRN 0.7800 again...

enough for this week and next week would be interesting to catch this pair again.




Attached Image (click to enlarge)
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Edit.
Big Picture posted here:
https://www.forexfactory.com/showthr...3#post10953753
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,535
  • Apr 13, 2018 5:42am Apr 13, 2018 5:42am
AUDUSD update ...+1024 now
feeling greedy now and aiming for more
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,536
  • Apr 13, 2018 5:47am Apr 13, 2018 5:47am
USDCAD Week 15 trades with Price Action - Double Inside Bars and Divergence between Price and TDI/MACD.

For those using the MACD(2,13,7) instead of the TDI, the same Divergence also show.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD D1 trades DIB reversal with tech divergence.png Size: 99 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,537
  • Edited 8:20am Apr 13, 2018 7:20am | Edited 8:20am
Trading Made Simple

Understand Market Structure (In case you missed the importance of understanding it earlier) and avoid getting overwhelmed by multiple bloated posts and 'filler' content. Here the op's post 5 and 6 included below.

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Here's how the TDi looked on the earlier image to save readers scrolling back up:

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Here's the link back up to the op's original second image

Edit: Expect a few posts after this (with images) within the space of a couple of hours.
'in less than half an hour he made over 100 ticks'
  • #86,538
  • Apr 13, 2018 7:36am Apr 13, 2018 7:36am
Quoting emmanuel7788
AUDUSD update ...+1024 now feeling greedy now and aiming for more {image}
nice trades on AU and UC!
  • #86,539
  • Apr 13, 2018 7:37am Apr 13, 2018 7:37am
Trading the Weekly USDCHF +921 and going ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #86,540
  • Apr 13, 2018 7:39am Apr 13, 2018 7:39am
Quoting emmanuel7788
AUDUSD update ...+1024 now feeling greedy now and aiming for more {image}
Im also buy bias on AU

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