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Trading Made Simple

  • #91,001
  • Sep 21, 2018 4:08pm Sep 21, 2018 4:08pm
Quoting Divergence
Here's the quick answer this doesn't work on any time frame consistently just run away from this strat
Wrong response -- learn to read a question. I didn't ask whether or not you thought this strategy was valuable or not.

I'll give you a second chance -- here's an easier question. Why do you think it is some people have a need to respond to a question even when they have nothing to contribute?
  • #91,002
  • Sep 21, 2018 4:11pm Sep 21, 2018 4:11pm
Just trying to save you time. Proceed with tms
  • #91,003
  • Sep 21, 2018 4:20pm Sep 21, 2018 4:20pm
Quoting Divergence
Just trying to save you time. Proceed with tms
And why, exactly, do I need you to tell me how to spend my time and what is / is not a valuable strategy? If I had asked for your opinion then, sure, provide it. But I didn't...
  • #91,004
  • Sep 21, 2018 4:42pm Sep 21, 2018 4:42pm
Quoting robots4me
I had an observation to share, followed by a few questions. I'm wondering if anyone else has a similar experience and, if so, could share their insight(s). I'm new to TMS and have been trading 16 pairs on the H4 time frame. I try to follow Big E's rules and treat all pairs the same. However, I've noticed I have better luck with certain pairs (compared to others). I suspect this has to do with "volatility". I understand lower time frames will have more peaks and troughs. My questions below concern using TMS on the H4 time frame: 1. Have others seen...
1. Eric traded the 8 majors only.
2. In my opinion, yes.
3. Volatility works against TMS. You are looking for an initial spike, and then ideally a sustained channel. Exit when that channel becomes a trading range.

[quote=Chenzo25;11506420]
Quoting jmn5611
You've been a member here since 2013 and you're still trading micro lots... not profitable and bitter. Give it a rest. Post some live trades and actually contribute to this useless thread
That is great observation and one that I hope prevents recklessness from traders. No trader who has any idea what they are doing will trade anything other than a tiny fraction of their account. It prevents large losses, like, 50k.

The best way to learn is by doing, so try taking some yourself, and remember to not trade the way you live your life, unless you want to drop another 50K.
If you are good at something, never do it for free--Joker
  • #91,005
  • Sep 21, 2018 4:52pm Sep 21, 2018 4:52pm
Quoting jmn5611
Volatility works against TMS. You are looking for an initial spike, and then ideally a sustained channel. Exit when that channel becomes a trading range.
jmn5611 -- Thank you very much -- this helps a lot.

How refreshing to receive a straight forward response to a simple question. What a concept...
  • #91,006
  • Sep 21, 2018 5:44pm Sep 21, 2018 5:44pm
Quoting jmn5611
{quote} 1. Eric traded the 8 majors only. 2. In my opinion, yes. 3. Volatility works against TMS. You are looking for an initial spike, and then ideally a sustained channel. Exit when that channel becomes a trading range.
Quoting Chenzo25
{quote} That is great observation and one that I hope prevents recklessness from traders. No trader who has any idea what they are doing will trade anything other than a tiny fraction of their account. It prevents large losses, like, 50k. The best way to learn is by doing, so try taking some yourself, and
...
You still haven't made it. You're giving others advice and can't even provide a valuable chart with a live trade

50k loss 4 years ago and still in the game. Have made it back and more. A consistent profit month after month. I think I've already shown it. You, however, have not. Zero, zilch, zip, nada, Nothing!

Warren Buffet has lost $5.1 BIL

Bill Gate $2.2 BIL

Mark Zuckerberg $3.6 BIL

many others...

Everyone loses at some point. Of course, when you trade with pennies you lose hundreds not thousands. Your account is Probably 1k. Mine is 50K. Huge difference in profit and loss Rookie. What you make in a week I make in a day of trading. Nothing wrong with that since your still trying to feel out the market but please don't compare.

I'm not even a professional trader or consider myself one. I'm just better than most.

I trade multiple lots at times. Sometimes half lot or a little less. All depends on how many trades I have open at a given point. Never $3 Profit like you. I might as well not even trade at that point.

Bored with you already. You're too ignorant for me and a stubborn Tms trader who will jump to another thread like you've been doing.

You're like a pesky mosquito on here so you will get no more replies

You will learn the most from your losing Trades
  • #91,007
  • Sep 21, 2018 6:11pm Sep 21, 2018 6:11pm
Quoting Chenzo25
{quote}{quote} You still haven't made it. You're giving others advice and can't even provide a valuable chart with a live trade 50k loss 4 years ago and still in the game. Have made it back and more. A consistent profit month after month. I think I've already shown it.
Here is what you have shown whether you know it or not.

1. You are not used to money. You are very impressed with an entry level luxury vehicle and you seem very impressed with alcohol as if these things are new to you. It is very clear to us that they must be.

2. You went to a bad school or had no parental training. If you did, you would have more respect for yourself, especially when no one is looking.

3. You are lying about consistent profit. If that were really true, your type would be telling every one who would listen to you. You have a need for validation based on the posts you have made.

4. You keep saying you are done with this terrible thread but you keep on coming back. See point #3.

5. At the tender age of 35, you have a very mistaken idea of what "made it" means. Research Lehman Brothers about that.

You don't know what you don't know, and it is clearly obvious to those of us that do.

Have a great weekend!
If you are good at something, never do it for free--Joker
  • #91,008
  • Sep 21, 2018 8:16pm Sep 21, 2018 8:16pm
Recently obtained a two in one with a stylus. Thought I would test it out here. Might be useful in annotating charts.
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If you are good at something, never do it for free--Joker
  • #91,009
  • Sep 22, 2018 12:38am Sep 22, 2018 12:38am
Quoting robots4me
I had an observation to share, followed by a few questions. I'm wondering if anyone else has a similar experience and, if so, could share their insight(s). I'm new to TMS and have been trading 16 pairs on the H4 time frame. I try to follow Big E's rules and treat all pairs the same. However, I've noticed I have better luck with certain pairs (compared to others). I suspect this has to do with "volatility". I understand lower time frames will have more peaks and troughs. My questions below concern using TMS on the H4 time frame: 1. Have others seen...
1. No - TMS is a trend following method. No trend in pair vs pair with strong trend. Which pair will perform better
2. Yes - Any method need volatility to produce profit. Would rather prefer momentum and volatility in one direction with TMS. Strong volatility with no clear direction is a bagger to trade.
3. No and Yes - See answer 2
---------
You can trade all pair's with no difficulty then good for you. Only pick the pairs that has a clear short and long term trend. Go for those pair's where both terms are moving in the same direction.
On the time frame you trade switch to line chart:
- zoom out: find long term
- zoom in: find short term
Post 85,208
  • #91,010
  • Sep 22, 2018 1:35am Sep 22, 2018 1:35am
Tekkies -- thanks for your response.

You say that for H4 I should switch to a line chart and forget about the HA bars. Why is that?

With regards to only taking signals where the direction of short and long time frames point in the same direction -- I'm not so sure about that. I mean, it makes sense, but when trading H4 I'm usually in and out within a few bars. And, as Big E pointed out (and which is clear from the charts), trends typically last 3-8 bars. So, when trading H4, though it would be nice if the direction matched with D1, I can still make pips from only a few H4 bars. Do you know what I mean? By the way, I do use the Stochastic indicator to confirm direction and make sure it falls within the range [20,80], which seems to work well.
  • #91,011
  • Sep 22, 2018 2:08am Sep 22, 2018 2:08am
Quoting robots4me
Tekkies -- thanks for your response. You say that for H4 I should switch to a line chart and forget about the HA bars. Why is that? With regards to only taking signals where the direction of short and long time frames point in the same direction -- I'm not so sure about that. I mean, it makes sense, but when trading H4 I'm usually in and out within a few bars. And, as Big E pointed out (and which is clear from the charts), trends typically last 3-8 bars. So, when trading H4, though it would be nice if the direction matched with D1, I can still make...
Why is that?
- Line chart is much easier to see clearly the direction and S/R zone. (Use it as an aide) Plot trend lines if you do use them and switch back to HA.
-----
#647............. Am I in an uptrend or downtrend.. short & long term...
Don't forget it is part of checking for a valid entry.
#686
Trend... long term and short term...
I take a chart and make the candles as small as they will go to find the direction of the long term trend...
Then I enlarge them to my normal trading size for the current short term trend...
If they are the same I feel I have better odds on my side...
if they are opposite I may trade less lots per trade...
I will pay more attention to the last swing (candle size & length)
More of a brain thing (highlight black) for me.
---------
The way you use TMS (as described) with H1/H4 is identical the same way how I use it with M15/H1.
I try to take entry's up to D1. Start on M15 > M30 > ..... D1. (Happened about 4 times so far)
  • #91,012
  • Edited 4:02am Sep 22, 2018 3:46am | Edited 4:02am
Quoting robots4me
I had an observation to share, followed by a few questions. I'm wondering if anyone else has a similar experience and, if so, could share their insight(s). I'm new to TMS and have been trading 16 pairs on the H4 time frame. I try to follow Big E's rules and treat all pairs the same. However, I've noticed I have better luck with certain pairs (compared to others). I suspect this has to do with "volatility". I understand lower time frames will have more peaks and troughs. My questions below concern using TMS on the H4 time frame: 1. Have others seen...
Hi Robots4me

Before you trade all those pairs Big E mentioned, you should consider some other factors first before take those trades.
We talk about volatility here but for me its a misleading name. I believe a more accurate name is to consider using the term " pools of Liquidity".
The advantage is we can start to guess where these "pools of Liquidity" actually are, we can't guess Volatility.
I consider these extreme pools of liquidity are located in zones around Monthly close lines or the wick area of a previous monthly candles within the last few years.

So as you can see in in the purple boxes, price is trapped within consolidation zones around previous Monthly Lines. When I trade, I target consolidation areas on the H4 chart and wait till this Market Type ceases to exist. Here you can see only signals 5, 9 and 13 were profitable but if we knew the price was locked within a consolidation zone, we would't traded the other signals. The only problem with the good crosses is we have to wait for exit of zone first.

Therefore I would trade on a TDI cross or bounce ONCE market TYPE changes to TREND.

The Red lines are Monthly lines and just see how prices swings from monthly line to monthly line like a Monkey in a tree.
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Trading thin liquidity at the boundary of the charts
  • #91,013
  • Sep 22, 2018 4:14am Sep 22, 2018 4:14am
Therefore on Monday, I will Buy if price breaks the BOX to the upside and the TDI signal looks strong. The good news is there's a bit of space above to the next Monthly line around 130 pips higher up. That will be my target.
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Trading thin liquidity at the boundary of the charts
  • #91,014
  • Sep 22, 2018 5:10am Sep 22, 2018 5:10am
Quoting RickM
{quote} Hi Robots4me Before you trade all those pairs Big E mentioned, you should consider some other factors first before take those trades. We talk about volatility here but for me its a misleading name. I believe a more accurate name is to consider using the term " pools of Liquidity". The advantage is we can start to guess where these "pools of Liquidity" actually are, we can't guess Volatility. I consider these extreme pools of liquidity are located in zones around Monthly close lines or the wick area of a previous monthly candles within the...
"pools of Liquidity"
How each of us are trying to make sense of this mad business called Forex in his/her unique way of thinking.
---
What you have posted Rick ties in nicely with BigE checkpoint: "Am I in or close to a consolidation area"
---
Why are you waiting for price to move out of the box? Will that not put the entry on bar 3 / 4 after the cross.
Understand that on higher timeframe fast entry is not that "important" like on M15 and some extend H1.
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  • #91,015
  • Sep 22, 2018 6:19am Sep 22, 2018 6:19am
Quoting Tekkies
{quote} "pools of Liquidity" How each of us are trying to make sense of this mad business called Forex in his/her unique way of thinking. --- What you have posted Rick ties in nicely with BigE checkpoint: "Am I in or close to a consolidation area" --- Why are you waiting for price to move out of the box? Will that not put the entry on bar 3 / 4 after the cross. Understand that on higher timeframe fast entry is not that "important" like on M15 and some extend H1. {image}
Hi Tekkies

Yes, I believe bar 3 or 4 is the correct entry bar because we have confirmation that the move is not false. A few pips lost is better than a stop loss being closed.
I place a box around a consolidation area because it helps me monitor for a change of market type.
Interesting on the H4 Chart, 98% of times it rests over a monthly line.

Why ?
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Trading thin liquidity at the boundary of the charts
  • #91,016
  • Sep 22, 2018 6:27am Sep 22, 2018 6:27am
Quoting robots4me
I had an observation to share, followed by a few questions. I'm wondering if anyone else has a similar experience and, if so, could share their insight(s). I'm new to TMS and have been trading 16 pairs on the H4 time frame. I try to follow Big E's rules and treat all pairs the same. However, I've noticed I have better luck with certain pairs (compared to others). I suspect this has to do with "volatility". I understand lower time frames will have more peaks and troughs. My questions below concern using TMS on the H4 time frame: 1. Have others seen...
Hi robots4me,

your questions:
My questions below concern using TMS on the H4 time frame:

1. Have others seen that TMS seems to work better with certain pairs, compared with others?
YES.

2. If so, do you think this has to do with volatility?
NO.

3. And, if this is related to volatility, do you think volatility works for you or against you when trading the TMS system?
see answer 2)


TMS is Big E's active trading style and market volatility can work against his aggressive entry trading style therefore he used his conservative exit.

He has another method to trade volatile trending pairs. See his old thread, it is the 21/233 Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,017
  • Sep 22, 2018 6:36am Sep 22, 2018 6:36am
Quoting PayItForward
{quote} Clearly English is not your first language! ... Jealous? And then I see your post where you are clearly drunk (1/2 bottle of some drink) and driving. I do not agree with most, if not all of your posts, BUT to post that (whether it be for fun in your eyes or not) is clearly totally irresponsible to the extreme. In my opinion you have serious problems, your attraction to the superficial, your posting of clearly poor decisions (driving intoxicated), your inability to appreciate life (yours and the lives of others on the road), your inability...
He's just winding you all up (or is that whineding you all up).

Maybe its because English isn't his first language? Normally that one is levelled at Tekkies...
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'in less than half an hour he made over 100 ticks'
  • #91,018
  • Sep 22, 2018 6:41am Sep 22, 2018 6:41am
Quoting RickM
{quote} Hi Tekkies Yes, I believe bar 3 or 4 is the correct entry bar because we have confirmation that the move is not false. A few pips lost is better than a stop loss being closed. I place a box around a consolidation area because it helps me monitor for a change of market type. Interesting on the H4 Chart, 98% of times it rests over a monthly line. Why ? {image}

Talking about the Monthly Candle, next week is month end and we are shadow trading.
I like next week because the Weekly candle will close on Friday NY 5pm.
This is also the 3rd Quarter closing business year 2018. As it looks right now, I will have another consecutive profitable month in Sep.
Will be another bust weekend next week, we have to update all our trading pairs charts and prepare our new trade plan for Oct, Nov and Dec.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,019
  • Sep 22, 2018 6:45am Sep 22, 2018 6:45am
Quoting onejester
{quote} He's just winding you all up (or is that whineding you all up). Maybe its because English isn't his first language? Normally that one is levelled at Tekkies... {image}

There are 630 posts where "English" were mentioned ...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #91,020
  • Sep 22, 2018 6:52am Sep 22, 2018 6:52am
Quoting bodal
{quote} Thank you for your very interesting article.

so after reading that Thom Hartle interview article, do you believe Holy Grail systems do exist?

when will you start working at it?

Like I said many times before, you need to have the commitment to spend 3 to 5 hours per day for the next 2 to 3 years. Let me know when you are ready to start.

For those who have not read that article, here is the download link

Holy Grail interview by Thom Hartle
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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