Attachments: Trading Made Simple

Trading Made Simple

#6,101
Edited 3:42pm Jun 22, 2011 2:41pm | Edited 3:42pm

Maverick731
| Joined Jul 2008 | Status: Trader | 118 Posts

What broker are we using?

Because FXDD and FXCM give different signals via the TDI as to right now or a little bit ago on EU, FXCM said eys as it crossed. FXDD said NO.

also continuting to reread and came across this..

"

Quote:
Originally Posted by eelfranz http://www.forexfactory.com/images/buttons/viewpost.gif
I never knownly take a draw back of 40-50 pips even on the 4hr. I generally exit at 10-15 pips to keep my profit and I'll re-enter when it turns back. If it happens when I'M SLEEPING... SO WHAT ... I never know about it... S/L at last HH or LL. It turns out in my favor most of the time. I lose about 2 trades out of 14-16 trades. I can live with that. I choose my trades carefully making sure they meet the entry rules spot on... and pass on the iffy ones and go hunt other charts.
[FONT=Comic...

Message hidden: eelfranz is on your Ignore List.

Aha!!!!............ BigE you have to teach us your money management techniques.... 'cause the devil in details!

Taking 15 pip profits?.... That's new to me.

OK.... that's a HUGE game changer. I've been sitting in a trade till the actual TDI signal. My Daily trades have been mostly loosers.... after being winners at one time!

The key to profitability is early profit taking... and then reentering.... am I right?

More MM details please!!! Big thanks

#6,102
Jun 22, 2011 4:08pm Jun 22, 2011 4:08pm

Finsia
| Joined May 2011 | Status: Trader | 69 Posts

Thanks for replying- that was more of a ho hum comment from me. It looked ok at the time but it is a weak bar now. The EJ looks good for a short.....any thoughts?

#6,103
Jun 22, 2011 4:33pm Jun 22, 2011 4:33pm

snarlyjack
| Commercial User | Joined Feb 2008 | 1,909 Posts

Maverick,

What Eelfranz was talking about is he trades standard account of
$10.00 per pip. So a fifteen pip drawdown to Eelfranz is $150.00.
Eelfranz will protect his profits instead of take a $150.00 loss.

I trade a mini account. 1 pip = $1.00. So a 15 pip drawdown is
only $15.00 in my account.

Your not comparing apples to apples. What I would suggest is
that you use $0.00 in your money management. For example
a lot of times I'll be down $20 - $30.00 just to watch it turn
around and go back up. (gotta give it room to breathe).

Lets say the pips are down 45. To Eelfranz that is $450.00.
To me that is $45.00. $45.00 in my book is not bad. $450.00
is. So look at the amount of "heat" that you can afford to take.

The real question is: "heat" what is your "heat" comfort level.
I was reading a post from some guy that said he couldn't stand
a 10 pip drawdown ($10.00) so he was a scalper. I can stand
more "heat" than that. And that's one reason why I'am not a scalper.

I suggest we talk about "heat" and what amount of "heat" can you
stand? That to me is the real question...

snarlyjack

#6,104
Jun 22, 2011 4:53pm Jun 22, 2011 4:53pm

dean
Joined Feb 2010 | Status: Trader | 861 Posts

Quoting 2scoops

Disliked

Plamen's TDI

http://www.forexfactory.com/showthread.php?p=4710405

alerts you when there's a cross (of a configurable angle) somewhere around a 4.5 seems to be spot on. I love this indicator.

Ignored

Hi scoops.
I am only asking yu this becasue you seem to have similar ideas and trade similarly to me. I was wondering if you could pm me the settings you finalised in the watchdog in regards to all the candle height and alert settings etc. If you could just open the settings up and maybe take a screenshot. And could you explain or is there somewhere where I can read an explanation of what the indicaotr is telling me...as in what is the writing on the right of the screen actually telling me?? and why is the end of the green line a pink colour?? I dont mean to trouble you, maybe there is a post that explains all this somewhere I just cant find it?

#6,105
Jun 22, 2011 4:59pm Jun 22, 2011 4:59pm

Maverick731
| Joined Jul 2008 | Status: Trader | 118 Posts

Quoting snarlyjack

Disliked

Maverick,

What Eelfranz was talking about is he trades standard account of
$10.00 per pip. So a fifteen pip drawdown to Eelfranz is $150.00.
Eelfranz will protect his profits instead of take a $150.00 loss.

I trade a mini account. 1 pip = $1.00. So a 15 pip drawdown is
only $15.00 in my account.

Your not comparing apples to apples. What I would suggest is
that you use $0.00 in your money management. For example
a lot of times I'll be down $20 - $30.00 just to watch it turn
around and go back up. (gotta give it room to breathe).

Lets say...

Ignored

Got it dude. I'm still wondering the difference between fxcm and fxdd though. I just bagged 50 pips between 3 pairs on FXCM that I would not have been signaled on fxdd

#6,106
Jun 22, 2011 5:29pm Jun 22, 2011 5:29pm

silversurfer
| Joined Nov 2009 | Status: surf the trend | 338 Posts

If anyone is interested I thought I would share my chart set up.
I use the standard HA candles and TDI red green from BigE's posts.
I have also included a TMS window which shows me 3 timeframes.
The only thing I have added is a set of trigger lines instead of the standard MA that Big E uses. I predominantly trade the H4 time frame and my methodology is pure TMS for entries with one additional filter which is that the trigger lines must have changed colour also. The attached GU H4 chart identifies 10 trades of which 9 were winners along with the obligatory loser. I haven't marked the trades but any student of this method will be able to identify them. I don't preclude any trade because of when it happens, if I am awake and a H4 set up occurs I will take it, as it is a H4 TF I trade smaller lot sizes with correspondingly larger SL and TP's. Not suggesting anyone should do what I do but I'm doing ok. Best of trading luck.

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#6,107
Jun 22, 2011 6:47pm Jun 22, 2011 6:47pm

PIPViking
| Joined Apr 2010 | Status: Trader | 15 Posts

I shorted EU at 3pm pacific on the 4hr and am up 30pips (my broker day begins at 3 instead of 2). I am looking at shorting AU,NU and going long on UCHF at 7. I like to see PA close above/below the yellow line before I jump in. Anyone else taking trades?

#6,108
Jun 22, 2011 6:52pm Jun 22, 2011 6:52pm

dean
Joined Feb 2010 | Status: Trader | 861 Posts

Quoting silversurfer

Disliked

If anyone is interested I thought I would share my chart set up.
I use the standard HA candles and TDI red green from BigE's posts.
I have also included a TMS window which shows me 3 timeframes.
The only thing I have added is a set of trigger lines instead of the standard MA that Big E uses. I predominantly trade the H4 time frame and my methodology is pure TMS for entries with one additional filter which is that the trigger lines must have changed colour also. The attached GU H4 chart identifies 10 trades of which 9 were winners along with the...

Ignored

could you please pm me the indicator and the settings for the historogram at the bottom of your chart please. And how you change the timeframes shown on it. Thanks.

#6,109
Jun 22, 2011 7:16pm Jun 22, 2011 7:16pm

silversurfer
| Joined Nov 2009 | Status: surf the trend | 338 Posts

I got it off post 5910.

I want to make something clear. I am posting these links because i dont want to be selfish and also, it is related to TMS method we have been using, as i always try to help those who have not been able to catch the system very well in my own little way. THESE ARE NOT ADDITIONAL INDICATORS BUT JUST DIFFERENT VERSIONS OF TMS ESPECIALLY FOR THOSE WHO LIKE TO FOLLOW MAJOR TREND LIKE ME.

USE THEM AT YOUR OWN RISK
LINK 1.
This is the latest indicator , one of us here. It is called tms-basket letting you monitor multi pairs at the same time and probably trade the best and not miss good trade much. AS AT NOW, IT IS UNTESTED BECAUSE IT IS JUST RELEASED OVER WEEKEND.INTRESTED? VISIT HERE
http://www.forexfactory.com/showthre...35#post4704335
LINK 2.
This is the latest version of 3-TF Histogram to tell what is going on , on 3 tf at the same time. IF IT IS USEFUL, DONT THANK ME BUT Big E and the craetor that are not selfish.
http://www.forexfactory.com/showthre...81#post4704981

Some of us requested for them and the idea is that, personally , i was not confidence in entering on tms cross before now, but i feel very comfortable trading with the help of these modified indicators (histo) because it gives me quick way to trade with trend even with 1-2 candle as original rule. Over 83% increase in my micro account in just 3 weeks plus with proper mm is not a joke at all.(Nothing modified).
Again, trading 1 hr tf (for those who can) and making up to 70 pips on each pair per day is realistic because with the help of these indicators, you can enter the best 1-2 candle (original rule) earlier, on 1 hr tf, follow the major trend and win big every time with reduced stop- loss. I will try and post some during the week if chanced. But that is how i have been trading, anyway.
ALWAYS KISS,GOOD LUCK AND MORE PIPS TO YOUR TRADING.
Attached Images http://www.forexfactory.com/images/attach/gif.gif as.gif (6.0 KB, 635 views) http://www.forexfactory.com/images/attach/gif.gif j.gif (29.7 KB, 110 views)

#6,110
Jun 22, 2011 7:35pm Jun 22, 2011 7:35pm

Vince-AC
| Joined Apr 2006 | Status: Trader | 126 Posts

Quoting silversurfer

Disliked

If anyone is interested I thought I would share my chart set up.
I use the standard HA candles and TDI red green from BigE's posts.
I have also included a TMS window which shows me 3 timeframes.
The only thing I have added is a set of trigger lines instead of the standard MA that Big E uses. I predominantly trade the H4 time frame and my methodology is pure TMS for entries with one additional filter which is that the trigger lines must have changed colour also. The attached GU H4 chart identifies 10 trades of which 9 were winners along with the...

Ignored

thanks silver, nice idea, btw, what are your settings for triggerlines?.....thanks......vince

#6,111
Jun 22, 2011 7:40pm Jun 22, 2011 7:40pm

silversurfer
| Joined Nov 2009 | Status: surf the trend | 338 Posts

I found this one somewhere - i didn't change any settings other than the colours.

Attached File(s)

Triggerlines.mq4 4 KB | 967 downloads

#6,112
Jun 22, 2011 8:09pm Jun 22, 2011 8:09pm

Vince-AC
| Joined Apr 2006 | Status: Trader | 126 Posts

thanks, i have that one too
........vince

#6,113
Jun 22, 2011 8:30pm Jun 22, 2011 8:30pm

gh16
| Joined Jun 2011 | Status: Trader | 30 Posts

Don't normally trade on the 4H chart, but just saw these two set ups. Waiting until midnight ET (9pm where i am) for the new candle to open (Oanda broker) and then going short on both.

Have i missed anything or are they as good as they look?

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#6,114
Jun 22, 2011 9:32pm Jun 22, 2011 9:32pm

Harry123
| Joined Jul 2008 | Status: Trader | 272 Posts

Quoting silversurfer

Disliked

If anyone is interested I thought I would share my chart set up.
I use the standard HA candles and TDI red green from BigE's posts.
I have also included a TMS window which shows me 3 timeframes.
The only thing I have added is a set of trigger lines instead of the standard MA that Big E uses. I predominantly trade the H4 time frame and my methodology is pure TMS for entries with one additional filter which is that the trigger lines must have changed colour also. The attached GU H4 chart identifies 10 trades of which 9 were winners along with the...

Ignored

Hi Siver,

Could you please post or pm me the template of the chart.

Thanks in advance.
Harry

#6,115
Jun 22, 2011 10:04pm Jun 22, 2011 10:04pm

silversurfer
| Joined Nov 2009 | Status: surf the trend | 338 Posts

To be able to replicate my chart you need to have all the indicators. 6 are attached here and 1 will follow in the next message as only 6 attachments are allowed

Attached File(s)

11trig3.tpl 7 KB | 784 downloads

##BarCountDown.ex4 4 KB | 754 downloads

Magnified Market Price.ex4 3 KB | 731 downloads

Spread(1).ex4 3 KB | 748 downloads

Synergy_APB.ex4 4 KB | 640 downloads

TDI Red Green.ex4 5 KB | 663 downloads

TMS-Osc Histo 3TF.ex4 14 KB | 869 downloads

#6,116
Jun 22, 2011 10:05pm Jun 22, 2011 10:05pm

silversurfer
| Joined Nov 2009 | Status: surf the trend | 338 Posts

Trigger line indi

Attached File(s)

Triggerlines(1).ex4 3 KB | 850 downloads

#6,117
Jun 22, 2011 10:06pm Jun 22, 2011 10:06pm

Callisto
| Additional Username | Joined Jun 2011 | 421 Posts

Quoting Olarion1975

Disliked

Hey Callisto,

BigE uses FXDD which candles close at 6 AM London. But as he stated before he would prefer to trade the H1 charts during the UK and US session.

Cheers,
Olarion

Ignored

Check your charts, anybody see any fresh crosses, because it is 6 am London right now and 10 Pacific time, both on daylight savings

OPPORTUNITY IS NOWHERE

#6,118
Jun 22, 2011 10:17pm Jun 22, 2011 10:17pm

silversurfer
| Joined Nov 2009 | Status: surf the trend | 338 Posts

This is my last post on the chart set up I have shared and I include it as it shows how the trigger lines kept me out of taking a short EG trade which is highlighted on the chart. It's obviously against the trend but a novice to this methodology might have been tempted to take the set up as gospel. This is not a 100% accurate system but if what I have shared helps anyone then I am happy. It justs helps me be patient in waiting for a trend to end or start rather than preempting the trade.

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