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Trading Made Simple

  • #7,001
  • Jul 4, 2011 10:45am Jul 4, 2011 10:45am
Quoting 4rx
I don't have that Slope indicator at bottom right.
Could you please share it here? Thanks
HERE IT IS
Attached File(s)
File Type: ex4 @TMSTDI_WatchDog.ex4   25 KB | 834 downloads
  • #7,002
  • Jul 4, 2011 10:53am Jul 4, 2011 10:53am
Quoting The7
Use the Daily Pivot for 1 Hour charts and lower, Weekly for higher time frames.
What are the significance of these points and how do I use them to make a decision?

Thank you!
Mark
  • #7,003
  • Jul 4, 2011 11:00am Jul 4, 2011 11:00am
Quoting vbmark
What are the significance of these points and how do I use them to make a decision?

Thank you!
Mark
I like using Pivot Points for my Take Profits. The system what we use here is mostly a counter trade system. The price tends to go back to the Pivot levels once we have a signal. It of course is my personal choice. High Reward, Low Risk is what I am after.
  • #7,004
  • Jul 4, 2011 11:02am Jul 4, 2011 11:02am
Quoting vbmark
What are the significance of these points and how do I use them to make a decision?

Thank you!
Mark
Here is Video explaining Pivot points. Google it,their is a lot information on youtube

Inserted Video
  • #7,005
  • Jul 4, 2011 11:02am Jul 4, 2011 11:02am
Quoting PreetEnzo
HERE IT IS
Thanks PreetEnzo

more pips to us all
Lets make some green pips
  • #7,006
  • Jul 4, 2011 11:06am Jul 4, 2011 11:06am
Quoting The7
I like using Pivot Points for my Take Profits. The system what we use here is mostly a counter trade system. The price tends to go back to the Pivot levels once we have a signal. It of course is my personal choice. High Reward, Low Risk is what I am after.
do you use daily or weekly for 4hr chart.
  • #7,007
  • Jul 4, 2011 11:11am Jul 4, 2011 11:11am
Quoting Pecunia
My short on GBPUSD is up 20 pips now, so I think I'll let her ride a bit more..
Exit @ -10 pips came back to me from 20 pips up. TDI now hooking over + blue candle. Greedy...
This was a B trade, maybe even a C. Bad day for trading overall. Tomorrow I'll start looking for AA+ trades

Good luck guys!
  • #7,008
  • Jul 4, 2011 11:13am Jul 4, 2011 11:13am
Not much going on today so far for me. No nice TDI crosses.

You guys seeing much?
  • #7,009
  • Jul 4, 2011 11:15am Jul 4, 2011 11:15am
Quoting Pecunia
Exit @ -10 pips came back to me from 20 pips up. TDI now hooking over + blue candle. Greedy...
This was a B trade, maybe even a C. Bad day for trading overall. Tomorrow I'll start looking for AA+ trades

Good luck guys!
Agreed, it was very bad day to trade, took three trades and manage to brake even.
  • #7,010
  • Jul 4, 2011 11:17am Jul 4, 2011 11:17am
Quoting The7
I like using Pivot Points for my Take Profits. The system what we use here is mostly a counter trade system. The price tends to go back to the Pivot levels once we have a signal. It of course is my personal choice. High Reward, Low Risk is what I am after.
Do you just use the default settings in the indicator?
  • #7,011
  • Jul 4, 2011 11:29am Jul 4, 2011 11:29am
Quoting courtz
Yep, seems like a frustrating day today!

think we're going to see the end of the AUDUSD long, any thoughts?
Because It is a non working day in the USA, so It is not a good day to trade.
Indicators always obey Price, not the other way.
  • #7,012
  • Jul 4, 2011 11:33am Jul 4, 2011 11:33am
I have been following the thread for the last few days and I must say that the system looks good! My observation is that entering a trade when TDI cross on H1 while H1 & H4 & D1 are on the same direction and the right side of 5EMA will produces quite safe results between 30-60 pips.
On a long trend one will have several opportunities to enter and exit with nice profit in relatively short time.
Today I have made my first trade this way. At 6 GMT+2 long on GBPUSD, closed 2 hours later +50.
  • #7,013
  • Jul 4, 2011 11:49am Jul 4, 2011 11:49am
today was bad market, because was USD Holliday. so don,t worry be happy my friends. tomorrow will be better day i hope
  • #7,014
  • Jul 4, 2011 11:52am Jul 4, 2011 11:52am
Everyone seems to be talking about waiting for closure. Closure over the EMA, closure of the candle to confirm the cross - this is not TMS, this is synergy style not BigE's. We don't wait for anything to close, if its a cross at a good angle we're in at the beginning of candle #1 or #2. No waiting!!!

Waiting means getting in late on the move, we use our judgement of the strength of the candle and the strength of the TDI signal with some basic forex analysis to catch the momentum early.

I understand Bez and some others are having success with waiting for the close but it isn't BigE's method.

Maybe we need a new thread for the more conservative TMS method.
  • #7,015
  • Jul 4, 2011 11:54am Jul 4, 2011 11:54am
I don't mean to re-post what I mentioned late last night, but why are so many people trading on a major USD holiday? I am wondering why I am even checking this thread when I should be at the BBQ and the pool. I am not trying to be rude or question what others do but I thought it has been mentioned here in this thread to stay away from major news and bank holidays. The pairs are very low volume, very low momentum and not doing much. Seems to be a reason to stay away in my book.

Anything I am missing on trading during major bank holidays with this system?

Happy 4th to all. Enjoy the BBQs, Hot Dogs and swimming.
  • #7,016
  • Edited 12:21pm Jul 4, 2011 11:59am | Edited 12:21pm
Quoting PreetEnzo
do you use daily or weekly for 4hr chart.
For the 4 Hour chart use the weekly pivots. Any lower time frame use the daily pivot. Default settings. Besides thanks for the video. But I am not using the Pivot as an entry but as Take Profits.
  • #7,017
  • Jul 4, 2011 12:37pm Jul 4, 2011 12:37pm
Quoting The7
For the 4 Hour chart use the weekly pivots. Any lower time frame use the daily pivot. Default settings. Besides thanks for the video. But I am not using the Pivot as an entry but as Take Profits.
Good post - people often confuse trading made simple as just trading any cross we see. We want to be selective of the crosses we take, being aware of your S&R areas (especially where they form on big numbers/pivot points/fib levels) is key as it should be with any system.
  • #7,018
  • Jul 4, 2011 12:49pm Jul 4, 2011 12:49pm
Quoting Rcwso
I don't mean to re-post what I mentioned late last night, but why are so many people trading on a major USD holiday? I am wondering why I am even checking this thread when I should be at the BBQ and the pool. I am not trying to be rude or question what others do but I thought it has been mentioned here in this thread to stay away from major news and bank holidays. The pairs are very low volume, very low momentum and not doing much. Seems to be a reason to stay away in my book.

Anything I am missing on trading during major bank holidays...

You are right, and that is part of forex basics which by the way all people talk about it but very few follow.
Indicators always obey Price, not the other way.
  • #7,019
  • Jul 4, 2011 1:44pm Jul 4, 2011 1:44pm
Quoting PreetEnzo
HERE IT IS
On the indicator i could see Bounce & Current HA, what do they mean

Bounce: 0.9
Current HA: 15/5/0

What is the minimum slope value to trade?
  • #7,020
  • Jul 4, 2011 1:54pm Jul 4, 2011 1:54pm
Quoting 2scoops
Everyone seems to be talking about waiting for closure. Closure over the EMA, closure of the candle to confirm the cross - this is not TMS, this is synergy style not BigE's. We don't wait for anything to close, if its a cross at a good angle we're in at the beginning of candle #1 or #2. No waiting!!!

Waiting means getting in late on the move, we use our judgement of the strength of the candle and the strength of the TDI signal with some basic forex analysis to catch the momentum early.

I understand Bez and some others are having success with...
Hi 2scoops.
Why don't you check post no 6987?
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