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Trading Made Simple

  • #104,901
  • Jun 3, 2020 4:47am Jun 3, 2020 4:47am
Thanks, @emmanuel7788

@Sesamstrasse I am using TradingView for charting and mt4 for order management. But I don't know how to read order flow and liquidity yet, is that something like level 2 data ?
Power is not will, it is the phenomenon of making things happen
  • #104,902
  • Jun 3, 2020 4:53am Jun 3, 2020 4:53am
ok i added this on my chart. is it correct ? thanks
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  • #104,903
  • Jun 3, 2020 5:03am Jun 3, 2020 5:03am
Quoting pointlessfor
ok i added this on my chart. is it correct ? thanks {image}

obviously your did not install that TMs_V19 EA correctly. the EA is not running ... no smiley face

the TDI H1 Slope should not be showing 0.0

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,904
  • Jun 3, 2020 5:11am Jun 3, 2020 5:11am
look now mate . and i have less options than yours.
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  • #104,905
  • Jun 3, 2020 5:12am Jun 3, 2020 5:12am
Two H4 10PM PDT trades.

EURUSD Jun 03 H4
a little slow moving ... not chance to BE yet.

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AUDNZd Jun 03 H4

nicer move lower, so I manage by moving stop to trail behind each candle high.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,906
  • Jun 3, 2020 5:15am Jun 3, 2020 5:15am
Two setups with TDI Slope but risky counter - the Trend 2/8 Daily.


EURAUD Jun 03 H4 2AM PDT

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GBPAUD June 03 H4 2AM PDT

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pay more attention to the GBPAUD pair as the TDI VB is expanding and the green re-enter the VB.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,907
  • Jun 3, 2020 5:55am Jun 3, 2020 5:55am
Quoting eelfranz
U/JPY 4hr... Dead in the water... PA & TDI flat... {image}
Hi guys! Ive started reading the thread and Ive ran into many PA. Whats PA stands for? Thank you
  • #104,908
  • Jun 3, 2020 7:12am Jun 3, 2020 7:12am
PA = Price action.
  • #104,909
  • Jun 3, 2020 7:18am Jun 3, 2020 7:18am
Quoting emmanuel7788
{quote} so you want to start in the fast lane 1 minute price momentum ... go to this thread and learn something https://www.forexfactory.com/showthread.php?t=582121 then this https://forum.ampglobal.com/hc/en-us...r-Live-Trading you will better chance to money than in retail spot forex.
First, this is an OPINION--no data given to support that being factual.

Second. he has no way of knowing if YOUR results will be better trading indices or Forex. His OPINION suggests that HE has better results when trading indices that when trading spot Forex. HIS results are not indicative of YOUR results.
To free Gazans of Hamas, use whatever it takes.
  • #104,910
  • Jun 3, 2020 7:22am Jun 3, 2020 7:22am
Quoting pointlessfor
ok i added this on my chart. is it correct ? thanks {image}
Why don't you open a thread like "Setting Up TMS_V19 EA for use with TMS" and eliminate the EA postings that clutter this thread?
To free Gazans of Hamas, use whatever it takes.
  • #104,911
  • Jun 3, 2020 7:26am Jun 3, 2020 7:26am
Quoting juliojapan
{quote} Hi guys! Ive started reading the thread and Ive ran into many PA. Whats PA stands for? Thank you
Maybe you should go here and then after you finish, return to this thread.
To free Gazans of Hamas, use whatever it takes.
  • #104,912
  • Jun 3, 2020 7:34am Jun 3, 2020 7:34am
Quoting juliojapan
{quote} Hi guys! Ive started reading the thread and Ive ran into many PA. Whats PA stands for? Thank you
Quoting streetcry
PA = Price action.


Quoting eelfranz
U/JPY 4hr... Dead in the water... PA & TDI flat... {image}
"Dead in the water..." Stoch, TDI in oversold region.

PA is HA candles.

5EMA is direction, 5EMA flat also mean sideways direction
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,913
  • Jun 3, 2020 7:41am Jun 3, 2020 7:41am
GBPUSD Jun 03 M15 NY Open

basic TMS 5-Method

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,914
  • Jun 3, 2020 7:53am Jun 3, 2020 7:53am
Quoting emmanuel7788
{quote} {quote} {quote} "Dead in the water..." Stoch, TDI in oversold region. PA is HA candles. 5EMA is direction, 5EMA flat also mean sideways direction {image}
More bad information:
Stoch, TDI in oversold region. This has no connection with "Dead in the water..." or "sideways direction". Anyone that understands the calculations for stochastics and what is represented would never reach such a conclusion.
To free Gazans of Hamas, use whatever it takes.
  • #104,915
  • Jun 3, 2020 8:00am Jun 3, 2020 8:00am
Quoting DrDave
{quote} Maybe you should go here and then after you finish, return to this thread.
Thank you, I going to do it rn
  • #104,916
  • Jun 3, 2020 8:09am Jun 3, 2020 8:09am
Quoting emmanuel7788
GBPUSD Jun 03 M15 NY Open basic TMS 5-Method {image}
Buying M15 when H1 and H2 are down rarely leads to profit.
To free Gazans of Hamas, use whatever it takes.
  • #104,917
  • Jun 3, 2020 8:20am Jun 3, 2020 8:20am
The 5 Fundamental Truths of Trading by Mark Douglas

1. Anything can happen.

2. You don’t need to know what is going to happen next to make money.

3. There is a random distribution between wins and losses for any given set of
variables that define an edge.

4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.

5. Every moment in the market is unique.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,918
  • Jun 3, 2020 8:23am Jun 3, 2020 8:23am
Does anyone here use a good money management script or system they can share to work out lot sizes against risk %?
  • #104,919
  • Jun 3, 2020 8:46am Jun 3, 2020 8:46am
Quoting emmanuel7788
The 5 Fundamental Truths of Trading by Mark Douglas
1. Anything can happen.
Of course. That is one reason why you need to find an edge.

Quoting emmanuel7788
The 5 Fundamental Truths of Trading by Mark Douglas
2. You don’t need to know what is going to happen next to make money.
Then why not, "You don’t need to know what is going to happen next to lose money."?

Quoting emmanuel7788
The 5 Fundamental Truths of Trading by Mark Douglas
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
Did he give some data or statistical analysis to prove this, or this this just his opinion? Until I see some data, it must be labeled as opinion.

Quoting emmanuel7788
The 5 Fundamental Truths of Trading by Mark Douglas
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.

Quoting emmanuel7788
The 5 Fundamental Truths of Trading by Mark Douglas
5. Every moment in the market is unique.
Of course it is. We rarely are interested in a single moment. But Truth 4 is a subtle indication that very SIMILAR things occur. So when we "string together" several unique moments, we can find similar strings of unique moments that lead to an edge.
To free Gazans of Hamas, use whatever it takes.
  • #104,920
  • Jun 3, 2020 8:54am Jun 3, 2020 8:54am
Quoting DrDave
{quote} Of course. That is one reason why you need to find an edge. {quote} Then why not, "You don’t need to know what is going to happen next to lose money."? {quote} Did he give some data or statistical analysis to prove this, or this this just his opinion? Until I see some data, it must be labeled as opinion. {quote} {quote} Of course it is. We rarely are interested in a single moment. But Truth 4 is a subtle indication that very SIMILAR things occur. So when we "string together" several unique moments, we can find similar...
Nice points, Thinking about all this I came to an understanding that I am overthinking about what the market is. The whole point of this thread is to keep it simple, I will have to put a stick note on my monitor. thanks, everyone for your contribution.
Power is not will, it is the phenomenon of making things happen
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