Trading Made Simple

Quoting 1dominican

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i like weekly charts i see a sell here that could bring 1 or more bars my way the lower horizontal lines is my entry point i plot that horizontal line below the low of the bar that completed the last lower high swing high if price move below that line i enter short if price do not go my way and move back above my horizontal line i exit one filter is that price must trade below the 5 ma is the same system i just use the tdi optionalYou can color the trade zone horizontal line red for sell {image} {image}

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Quoting emmanuel7788

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{quote} two candles before that white vertical line is where the 'magic' of market type condition changed. do not use oscillators - Stoch, RSI, TDI, etc. for weekly technical studies . ...

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Quoting anjanbabu

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Mt5 indicators. I need the synergy indicator for mt5. Tdi and stock is already available.

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Quoting 1dominican

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{quote} i see side way but i see a daily bar above it open with price making a lower low and tdi/stoch making a hl for me this is a buy with my st loss below last swing low {image}

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Quoting 1dominican

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{quote} scanning your 2 points to find a trade i think that gbpusd 4 hours chart got all 2 point {image}

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Quoting 1dominican

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{quote} yes gbpusd made a new high, but it failed to close above last high, i call that a doble tope or a rejection. That is what i see. Rejection of last HH. Short below last red bar's low stoploss is 7 pips above above last high,that mean that even if price make a a new high but only by one pip ,your hold the trade ,do not panic {image}

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Quoting Miloncef

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what 4 this GJ 1H on what should i work more {image}

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Quoting anjanbabu

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Mt5 indicators. I need the synergy indicator for mt5. Tdi and stock is already available.

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Quoting Miloncef

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what 4 this GJ 1H on what should i work more {image}

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Quoting Miloncef

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what 4 this GJ 1H on what should i work more {image}

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Quoting tommydoginti

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{quote} I got PM on the approach in risk and account growth management. On my personal account, I have been trading with fixed risk per trade. Account growth would scale with your risk. Slowly work up your risk as you gather more statistics In the first 2 years, it was ~0.25% per trade, grew 66% 2023-24, 12 months, risk ~1% per trade, grew 155% Now I am at ~1.5% per trade. While scaling up, the key is to maintain risk of ruin low. My reason of increasing trade size is because of the high win rate of TMS method and reduction in trade frequency. Just...

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Quoting emmanuel7788

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Its Friday once again. Do you know the rules regarding trading on Friday? USDCHF Oct 04 4Hr London 6am Pacific 10PM - when we see a 4Hr Master Candle ... one big candle with 3 small candles, that is CONSOLIDATION ... post #647 - we do not trade CONSOLIDATION ***important rule from post #647 - plus since it is Friday, we also do not trade the 4Hr as laid out by the OP for Trading Made Simple. > What can we trade today? > scalp the 4Hr >[/highlight]...

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Quoting eelfranz

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///Even if I scalp the market I use 4hr charts with success.... 4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits... ///.

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Quoting tommydoginti

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{quote} I got PM on the approach in risk and account growth management. On my personal account, I have been trading with fixed risk per trade. Account growth would scale with your risk. Slowly work up your risk as you gather more statistics In the first 2 years, it was ~0.25% per trade, grew 66% 2023-24, 12 months, risk ~1% per trade, grew 155% Now I am at ~1.5% per trade. While scaling up, the key is to maintain risk of ruin low. My reason of increasing trade size is because of the high win rate of TMS method and reduction in trade frequency. Just...

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Quoting emmanuel7788

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{quote} On a good day when the market is kind to you, you can do good with more than $1000 per day. yesterday was just a another good day with many more better days to come in Oct. {image}

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Quoting GoldenSacs

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{quote} Thanks for sharing @tommydoginti van you please share your approach to taking profits. Do you have a set pip target of do you take profits at the next zone?…Partials, SL to BE or no BE? Thank you

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Quoting tommydoginti

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{quote} Hi GoldenSacs, Thank you. I can give you more detailed answers sometimes tomorrow. Quick answer, my take profit is based on BigE's post #647 previous highs and lows. The number of pips for TP is not fixed. For recent trades as I am traveling, I pick the further prev H/L as TP levels. On average, I usually have ~20-50pips as TP. For StopLoss, whether or not I put it to BE is just depends. If moving the Stoploss, then the price should have moved at least 1 price level into profit. Always set StopLoss to Previous H/L as of BigE's TMS. Have...

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