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Trading Made Simple

  • #7,921
  • Jul 12, 2011 7:10pm Jul 12, 2011 7:10pm
Quoting dcginc
[color=black][font=Verdana]For those of you having anxiety over being down 25 or 20 pips . . . on a 4 Hr chart, swings can go as far as 150 pips. This is to be expected! 70% of the time when you place a trade, the market will spend some time in the negative, or the opposite direction of your trade. This is the market breathing. Really? 25 pips down and you're worried? Only 30% of the time will the momentum carry your trade in the "right" direction with no drawdown or fluctuation. Especially on a 1 hr chart and higher. How do I know this? Lots...
Excellent post. I found that out very quickly by demo trading as most of my positions move against me for at least 1 bar. When I first started seeing this my inital reaction was panic. But most of the time the position seemed to end in a profit (usually while I was sleeping... thanks London ). I see why the "mental" part of trading is so important.
  • #7,922
  • Jul 12, 2011 7:25pm Jul 12, 2011 7:25pm
Quoting dcginc
[color=black][font=Verdana]For those of you having anxiety over being down 25 or 20 pips . . . on a 4 Hr chart, swings can go as far as 150 pips. This is to be expected! 70% of the time when you place a trade, the market will spend some time in the negative, or the opposite direction of your trade. This is the market breathing. Really? 25 pips down and you're worried? Only 30% of the time will the momentum carry your trade in the "right" direction with no drawdown or fluctuation. Especially on a 1 hr chart and higher. How do I know this? Lots...
Thank you for the Advice .. i normally sell USD CAD when i find a good buy segnal in EUR USD
  • #7,923
  • Edited 7:48pm Jul 12, 2011 7:25pm | Edited 7:48pm
Quoting azertyken
However, the slant of the TDI depends not only on whatever is driving the TDI but also on three other things, as the image below is demonstrating (all 4 windows in the image are for exactly the same bar, each shows a different TDI green angle though):
1) stretching the indicator view window makes angles steeper;
2) increasing the number of visible bars by widening the window potentially increases the minimum and maximum values shown in the tdi indicator window, makes angles less steep;
3) increasing the number of visible bars by zooming out makes...
Here are 3 options in no particular order:

 

  1. Use an indicator that calculates a slope value. The calculated slope is independent of how you scale your chart. Figure out the slope values that correspond to the angles you want.
    Ex: TMSTDI_WatchDog
  2. Set your chart to the size you prefer to use. Do some visual back-testing to find out what the angles of the good trades look like on your preferred chart size.
  3. Set your charts to the same size/zoom as Big E uses and use similar angles as depicted on the charts he posts.

  • #7,924
  • Jul 12, 2011 7:36pm Jul 12, 2011 7:36pm
Trading Made Simple is -
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  • #7,925
  • Jul 12, 2011 8:03pm Jul 12, 2011 8:03pm
Hey guys. I decided to clean up my metatrader by getting rid of all those useless indicators and starting up a new one nice and clean. But now I get this on all the charts. It goes straight from April 2009 to July 2011 leaving a huge gap and making current candles very difficult to read. Anyone know a solution? Thanks.
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  • #7,926
  • Jul 12, 2011 8:41pm Jul 12, 2011 8:41pm
Quoting viperone39
Hey guys. I decided to clean up my metatrader by getting rid of all those useless indicators and starting up a new one nice and clean. But now I get this on all the charts. It goes straight from April 2009 to July 2011 leaving a huge gap and making current candles very difficult to read. Anyone know a solution? Thanks.
You may have gotten some corrupt history files in your MT4 installation and lost some data. That's my guess.

I'm not sure this will work, but give it a try it won't hurt anything:

Click Tools/History Center
The History Center window will open
Navigate to one of the pairs you are having trouble with
Double click it, and it will expand out all the TFs
Now double click each TF, starting with the highest to lowest
First the icon will turn from gray to green and yellow
It will take a few seconds or maybe minutes, but then you will see the data populate

I think this procedure downloads the price data from your broker
DO NOT CLICK THE DOWNLOAD BUTTON AT THE BOTTOM! (It will pop up a warning anyway). That will open a connection to somewhere else and download from someplace that is not your broker, and you want your broker's data.

Try it with one pair first to see whether that fixes it. Good luck!
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Luck occurs when preparation meets with opportunity.
  • #7,927
  • Jul 12, 2011 8:44pm Jul 12, 2011 8:44pm
Quoting viperone39
Hey guys. I decided to clean up my metatrader by getting rid of all those useless indicators and starting up a new one nice and clean. But now I get this on all the charts. It goes straight from April 2009 to July 2011 leaving a huge gap and making current candles very difficult to read. Anyone know a solution? Thanks.

possible fixes

File - Profiles - Default or a saved profile

Load up an existing template

Shut down and Restart MT4


Restart computer

last option - upload new version of MT4 and start again unless you are live trading
"To live with Passion, it takes Courage and Grace to survive"
  • #7,928
  • Jul 12, 2011 9:19pm Jul 12, 2011 9:19pm
Quoting fxbr56
Dean, I was able to reproduce the TDI red and green indicator by using the following:

RSI 13 period applied to Typical Price (HLC/3)

Moving Average 3 period shift 3 smoothed applied to RSI indicator

It's not an exact copy, but it's very close.
how do you put one on top of the other? I can produce both but I cannot figure out how to put the MA on top of the RSI. Anyone know as I am not certain the original poster is still around. Thanks
  • #7,929
  • Jul 12, 2011 9:22pm Jul 12, 2011 9:22pm
Ahhhhhhh fiddlesticks! Thanks very much for the suggestions, guys. I tried both but neither worked. Looks like I might just have to move the chart as far left as she goes and then wait 3 - 4 days. But the problem with that is s/r will still be messed up.
  • #7,930
  • Jul 12, 2011 10:00pm Jul 12, 2011 10:00pm
THE DEAD COW LECTURE

First-year students at the OSU Vet School were attending their first anatomy class with a real dead cow. They all gathered around the surgery table with the body covered with a white sheet.

The professor started the class by telling them, "In Veterinary medicine it is necessary to have two important qualities as a doctor. The first thing is that you not be disgusted by anything involving the animal's body." For an example, the professor pulled back the sheet, stuck his finger in the butt of the cow, withdrew it, and stuck his finger in his mouth. "Go ahead and do the same thing," he told his students.

The students freaked out, hesitated for several minutes, but eventually took turns sticking a finger in the butt of the dead cow and sucking on it.

When everyone finished, the Professor looked at them and said, "The second most important quality is observation. I stuck in my middle finger and sucked on my index finger. Now learn to pay attention. Life's tough but it's even tougher if you're stupid.
OPPORTUNITY IS NOWHERE
  • #7,931
  • Jul 12, 2011 10:17pm Jul 12, 2011 10:17pm
Hi gang just stumbled across this thread and it amazes me how much everytime I come across a thread where people say they are making money it is because they are using a variation of the Jo Ross 123 technique (google it
Once you know that technique you will see that the TDI indicator and the stoch and also the MA are actually not needed to trade this.
You just need to look for a 123. The TDI actually throws out bad signals as well as good. In my mind it just gets in the way of good trading. So too does the stoch.
The 123 is all you need! Linux Troll discovered that with his rainbow trading which is very popular, this thread has discovered it and so too has any other thread where people make money - because it works! If you really want to improve trading this system look for a 123 before you pull the trigger
See my chart for details. The 123 has all you need! Once the 2 has been breached place you trade and use the amount of pips from 2 -3 as you trarget. Place your stop under the 3 and forget all about the TDI it just confuses you
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  • #7,932
  • Jul 12, 2011 10:24pm Jul 12, 2011 10:24pm
Quoting msn
how do you put one on top of the other? I can produce both but I cannot figure out how to put the MA on top of the RSI. Anyone know as I am not certain the original poster is still around. Thanks
Did you know there is a "PLATFORM TECH" section on this forum?

http://www.forexfactory.com/forumdisplay.php?f=69

Your question answered in 2006...

First Page - Indicator in Metatrader @ Forex Factory
OPPORTUNITY IS NOWHERE
  • #7,933
  • Jul 12, 2011 10:28pm Jul 12, 2011 10:28pm
Quoting puppypippy
Hi gang just stumbled across this thread and it amazes me how much everytime I come across a thread where people say they are making money it is because they are using a variation of the Jo Ross 123 technique (google it
Once you know that technique you will see that the TDI indicator and the stoch and also the MA are actually not needed to trade this.
You just need to look for a 123. The TDI actually throws out bad signals as well as good. In my mind it just gets in the way of good trading. So too does the stoch.
The 123 is all you need! Linux...
The owner of the thread may correct me, but I don't think this is an appropriate post for this thread.

Also, I hope you are not trying to lure people to a commercial website
What you do is a reflection of you....what I do is a reflection of me.
  • #7,934
  • Jul 12, 2011 10:34pm Jul 12, 2011 10:34pm
As you can see the TDI thru out all kinds of signals and would have you making and losing money. But look at the 123 trades. Oh and BTW Info on the 123 by Joe Ross is freely available on the net and whether the previous poster likes it or not. The system is a variation on the 123 pattern. Just using squiggly lines to show the same thing but not as well
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  • #7,935
  • Jul 12, 2011 10:39pm Jul 12, 2011 10:39pm
Quoting puppypippy
As you can see the TDI thru out all kinds of signals and would have you making and losing money. But look at the 123 trades. Oh and BTW Info on the 123 by Joe Ross is freely available on the net and whether the previous poster likes it or not. The system is a variation on the 123 pattern. Just using squiggly lines to show the same thing but not as well
I personally do not care if it is freely available or not, as long as newbies and others are aware of that information
What you do is a reflection of you....what I do is a reflection of me.
  • #7,936
  • Jul 12, 2011 10:40pm Jul 12, 2011 10:40pm
Puppypippy,
I thank you for your valuable insight, however this thread is the TMS system, not the 1-2-3 System. Find the 1-2-3 System thread to post onto, please --don't clutter this thread.
Leona
  • #7,937
  • Jul 12, 2011 10:45pm Jul 12, 2011 10:45pm
You guys are typical posters who are more concerned with making your square wheels work than seeing something new and adopting it. Be aware newbies. There is a more accurate way to make money using the candles on this system and dumping everything else. Thos who say go find another forum are more concerned with their own egos than they are about learning somethng new.
  • #7,938
  • Jul 12, 2011 10:55pm Jul 12, 2011 10:55pm
I am so sorry to have hurt your feelings --it was not my intent -- merely to keep in the spirit of the one who began this thread.
Of course there are many ways to make money using the candles on this system -- some may even thing it is more accurate. It is up to everyone to try and see if they like TMS, and if not, go somewhere else....like you said, do a google search and find the system you like.
I am certainly alert to something new and adopting it......that is how most of us found this system.
Merely wanting to keep this thread clean, and with the TMS System -- others may call it what they want. Others may like similar systems, and want to show their expertise in finding similar "just as good" systems.
This thread is for TMS -- plain and simple.
Again, sorry to have hurt your feelings, it was not my intent.
Leona

Quoting puppypippy
You guys are typical posters who are more concerned with making your square wheels work than seeing something new and adopting it. Be aware newbies. There is a more accurate way to make money using the candles on this system and dumping everything else. Thos who say go find another forum are more concerned with their own egos than they are about learning somethng new.
  • #7,939
  • Jul 12, 2011 10:57pm Jul 12, 2011 10:57pm
Quoting puppypippy
You guys are typical posters who are more concerned with making your square wheels work than seeing something new and adopting it. Be aware newbies. There is a more accurate way to make money using the candles on this system and dumping everything else. Thos who say go find another forum are more concerned with their own egos than they are about learning somethng new.
There are certainly other ways of making money in forex and as you suggest perhaps more accurate. As the previous poster indicated, your insight is valuable, however perhaps more appropriate to another thread.

Btw, I can assure you I am no king of anything, I am just trying to learn to trade, and at this stage concentrating on learning to trade TMS, that's all.
What you do is a reflection of you....what I do is a reflection of me.
  • #7,940
  • Jul 12, 2011 10:58pm Jul 12, 2011 10:58pm
Quoting puppypippy
As you can see the TDI thru out all kinds of signals and would have you making and losing money. But look at the 123 trades. Oh and BTW Info on the 123 by Joe Ross is freely available on the net and whether the previous poster likes it or not. The system is a variation on the 123 pattern. Just using squiggly lines to show the same thing but not as well
Looks OK to me, perhaps as a confirmation tool, can you walk us thru the next trade as it happens in real time?

As charts are so easy to read with 20/20 hindsight.

Also, with the last failed setup, wouldn't your # 2 be the next # 1, and the # 3 be the # 2 bar for an up move, with the # 3 being about 3 bars further along?
OPPORTUNITY IS NOWHERE
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