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Trading Made Simple

  • #8,741
  • Jul 24, 2011 2:59pm Jul 24, 2011 2:59pm
If only BigE would run this thread like many originators of other threads, half of people in this thread would not have a second chance to post again... But I believe he has his limits too..
  • #8,742
  • Jul 24, 2011 3:36pm Jul 24, 2011 3:36pm
A point well made 7...
I'd like to see some more hands on by BigE as well concerning what moves the TMS concept along...
Aggravator87 showing a chart setup that is only available by commercial purchase from CompassFX has no place on this thread.
dcginc, is right in pointing this out...SUPER OVERLOAD...even Dean Malone does not recommend using his indicators in this fashion.
Like an Indicator Cluster PhucK. It's just too damn much.




Quoting The7
If only BigE would run this thread like many originators of other threads, half of people in this thread would not have a second chance to post again... But I believe he has his limits too..
I get exercise just pushing my luck
  • #8,743
  • Jul 24, 2011 4:31pm Jul 24, 2011 4:31pm
Quoting dcginc
Traders . . .

Please notice the chart in post #8750. Memorize it. Make a promise to yourself this minute that you will never have a chart that looks like this. This type of overreliance on indicators is exactly what will put in you into trading coma and almost assuredly confirm you will lose money.

Some questions to consider . . .
[color=black][font=Verdana]In...

I totally agree with you, that chart is the antithesis of any PA Trader, It looks more like a Cristmas tree than a forex chart. It reminded me when I started to trade Forex and I always lost, that was like 10 years ago, until I found out that no matter how many useless indicators you use price always win.
Indicators always obey Price, not the other way.
  • #8,744
  • Jul 24, 2011 5:18pm Jul 24, 2011 5:18pm
Quote
It's insulting and childish to summarize my type of character having this clue.

This is not a mere clue. It is a statement of your trading mindset, also evidenced and confirmed by your response. If is a fact of human biological science and study that unless you are a savant, this picture is visual input overload.

It is my goal to alert traders to dangerous tendencies that will impair their decision making and ultimately their sabotage their success.

Good luck. My sincere wish is that these tools on your chart produce consistent profits and you achieve your trading goals.
  • #8,745
  • Jul 24, 2011 6:00pm Jul 24, 2011 6:00pm
For those who want to trade like a pro ,using this system,i have a good news for you. Please i may not answer some questions, because of my limited time during the day on the system but i will make it as simple as possible as it is what many traders are familiar with. STUDY THE OLD CHARTS ,YOU WILL SEE THEM EVERYWHERE.
Now i introduce little flavor for my trading using 15 minutes entries. with this ,you win big and your stop loss will be very minima.
Example is EU of last friday as seen below. While others are waiting for signals on 4HR, i have already netted about 70 pips with ratio 3:1 (tp:sl)
This is the trick (or gem that many people are looking for it, lol):
LOOK FOR AREAS OF SUPPORT/RESISTANCE ON 4HR CHART. CLUSTERS OF S/R. AT LEAST THE PRICE MUST FAIL MANY TIMES (3 CANDLES) TO GO UP/DOWN AS IT IS BECOMING WEAKER, THOUGH NO SIGNAL ON 4HR TF, MOVE DOWN TO 15 mins CHARTS TO LOOK FOR 1-2 CANDLES, OR BOUNCE OR HIGH MOMENTUM FOR BIG Es rule, AS YOUR ENTRY, SL will be swing which will be very less than your tp, let it ride and enjoy.IF YOU ARE MORE LUCKY,IT CONTINUES AND CREATE SIGNAL FOR 4 HR TF, JUST CONTINUE TO LUCK YOUR PROFITS. HOPE IT CLEARS ENOUGH. JUST STUDY THE CHARTS BELOW.See similar trade on CURRENT 4HR AUDUSD. TRY IT AND YOU WILL WIN MOST THAN LOSS. I HAVE BEEN DOING IT FOR A WHILE NOW AND MY MICRO ACCOUNT IS GROWING.GOOD LUCK,
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We Win Some, We Loose Some, But Let your Win Rates be More to be Successful
  • #8,746
  • Jul 24, 2011 6:47pm Jul 24, 2011 6:47pm
Quoting adeforex
[color=Navy]For those who want to trade like a pro ,using this system,i have a good news for you. Please i may not answer some questions, because of my limited time during the day on the system but i will make it as simple as possible as it is what many traders are familiar with. STUDY THE OLD CHARTS ,YOU WILL SEE THEM EVERYWHERE.
Now i introduce little flavor for my trading using 15 minutes entries. with this ,you win big and your stop loss will be very minima.
Example is EU of last friday as seen below. While others are waiting for signals on...
Thanks for sharing adeforex.
  • #8,747
  • Jul 24, 2011 8:14pm Jul 24, 2011 8:14pm
Quoting aggravator87
I might have expressed myself rather harshly when writing TMS has a fundamental flaw. It means that the whole concept is wrong which is incorrect. All that I meant was that it needs the modifications I've proposed to give better results. You're right that a conclusion comes with statistical results. I've never thought of comparing both methods on a statistical level and I think backtesting can be created with a programmed EA which to my humble knowledge and experience in programming is unachievable task. If you let me instead writing here the moment...
Maybe the reason you are unable to spot consolidation or PA or anything else properly is the fact that you have ten million lines on your chart combined with all those indicators. Consolidation can be seen by the small HA candles ususally with wicks both ends, and the tdi red and green are flat and usually snaking closely sround each other. This is why the tdi angle is critical...once you see tha angle sttepen, something has changed and you are alerted to a trade possbility....the rest is yours to decide using your assessment skills
  • #8,748
  • Jul 24, 2011 8:23pm Jul 24, 2011 8:23pm
Quoting adeforex
For those who want to trade like a pro ,using this system,i have a good news for you. Please i may not answer some questions, because of my limited time during the day on the system but i will make it as simple as possible as it is what many traders are familiar with. STUDY THE OLD CHARTS ,YOU WILL SEE THEM EVERYWHERE.
Now i introduce little flavor for my trading using 15 minutes entries. with this ,you win big and your stop loss will be very minima.
[color=navy]Example is EU of last friday as seen below....
Shouldnt you really have exited on the 15 minute chart when the tdi went flat?? although its a great trade, why did you stay in the trade??
  • #8,749
  • Jul 24, 2011 8:45pm Jul 24, 2011 8:45pm
Found this thread a few days ago, studied it all weekend, and starting trading with it tonight. I am going with the 4hr charts with entry like Big E lays it out. I will be using s/r areas, piv points, and candles for my sl and tp. Here is my first trade below. I entered on the second candle because of the green in the 4 position and coming out of an over bought zone.

Attached Image (click to enlarge)
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  • #8,750
  • Jul 24, 2011 10:20pm Jul 24, 2011 10:20pm
Welcome Fitness. (i am a runner myself)

Back to this thread after a month or so away, and having a crack at E bloke's method for the first time after familiarising myself again with the rules.

Thank's and good trading everyone.

Greg.
'Fail to plan, plan to fail'
  • #8,751
  • Jul 24, 2011 10:27pm Jul 24, 2011 10:27pm
Quoting Guitarbloke
Welcome Fitness. (i am a runner myself)

Back to this thread after a month or so away, and having a crack at E bloke's method for the first time after familiarising myself again with the rules.

Thank's and good trading everyone.

Greg.
Good luck to you also. I am coming from scalping on the 5min and 15 min. I just can't sit in front of the computer all day an night. I think this will fit my lifestyle better without so many educated guesses.
  • #8,752
  • Jul 24, 2011 10:33pm Jul 24, 2011 10:33pm
Quoting adeforex
[color=Navy]For those who want to trade like a pro ,using this system,i have a good news for you. Please i may not answer some questions, because of my limited time during the day on the system but i will make it as simple as possible as it is what many traders are familiar with. STUDY THE OLD CHARTS ,YOU WILL SEE THEM EVERYWHERE.
Now i introduce little flavor for my trading using 15 minutes entries. with this ,you win big and your stop loss will be very minima.
Example is EU of last friday as seen below. While others are waiting for signals on...
hi guys..nice chart i need same chart like you..can you share with me indicator n template. share in this thread or my private message which one do you like.thanks before..
  • #8,753
  • Jul 24, 2011 10:33pm Jul 24, 2011 10:33pm
So basically you guys are looking at the tdi angle (4-6) short and (12-2) long and if it corresponds with a candle change on the first candle you enter the trade..All this on 4hr charts.. is this correct?
  • #8,754
  • Jul 24, 2011 10:54pm Jul 24, 2011 10:54pm
Welcome Fitness, i think you got little early in trade, the price is at support area, i hope u have a tight stop loss.



Quoting Fitness09
Found this thread a few days ago, studied it all weekend, and starting trading with it tonight. I am going with the 4hr charts with entry like Big E lays it out. I will be using s/r areas, piv points, and candles for my sl and tp. Here is my first trade below. I entered on the second candle because of the green in the 4 position and coming out of an over bought zone.

Attachment
  • #8,755
  • Jul 24, 2011 11:09pm Jul 24, 2011 11:09pm
Quoting ssaqeel
Welcome Fitness, i think you got little early in trade, the price is at support area, i hope u have a tight stop loss.
I was thinking I got in too late. I just exited the trade a BE because the TDI went flat (per Big E's instructions on the first page).

Why do you think I got in too early? I entered on the second candle. I would have liked to catch the first red candle, which was higher and closer to res line .0888, but I was driving home. I would have made pips with the same exit.
  • #8,756
  • Jul 24, 2011 11:14pm Jul 24, 2011 11:14pm
Quoting dcginc
This is not a mere clue. It is a statement of your trading mindset, also evidenced and confirmed by your response. If is a fact of human biological science and study that unless you are a savant, this picture is visual input overload.

It is my goal to alert traders to dangerous tendencies that will impair their decision making and ultimately their sabotage their success.

Good luck. My sincere wish is that these tools on your chart produce consistent profits and you achieve your trading goals.
So, you are telling me that my chart layout isn't acceptable? Why didn't you warn me years ago? ha, ha... D'oh!

It took me ages (and some $$$) to figure out that less clutter is the secret.
Listen to the advice from the more experienced traders and dump the duplicated indicators, pretty(useless) lines and superdupersecret ingredients.
You only need to look at price action, support / resistance levels and an indicator like the simplified TDI.

Listen to Big E and and take advice from traders like dcginc, who are probably tired of repeating themselves 'ad nauseam...'

Read the thread, practice / backtest (a lot!) and don't be silly and expect to be handed a wheelbarrow full of pips, without first putting in the hard yards!

Cheers,
Kev
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  • #8,757
  • Jul 24, 2011 11:17pm Jul 24, 2011 11:17pm
I am also looking at the UsdChf for a possible sell. Everything looks good (green down and just passed support) except it in a over sold zone. Would probably look at a tp around the 808 zone.

EU could possible be a buy. Green just crossed, just passed resistance (4374), but again, entering over bought zone and looks to be ranging.

Anyone have opinions on this, feel free to post. Thanks
F09
  • #8,758
  • Jul 24, 2011 11:32pm Jul 24, 2011 11:32pm
Your entry was right

My reasons were:
1. looks like a weak sell,
2. Price was near Support
3. for sell order i would wait till the Green Line cross 50 for a strong sell

i am not an expert those were just my views,

Thanks

Quoting Fitness09
I was thinking I got in too late. I just exited the trade a BE because the TDI went flat (per Big E's instructions on the first page).

Why do you think I got in too early? I entered on the second candle. I would have liked to catch the first red candle, which was higher and closer to res line .0888, but I was driving home. I would have made pips with the same exit.
  • #8,759
  • Jul 24, 2011 11:36pm Jul 24, 2011 11:36pm
USDCHF seems to be a good sell, trend is down,tdi is crossed i am already in sell trade for this pair.



Quoting Fitness09
I am also looking at the UsdChf for a possible sell. Everything looks good (green down and just passed support) except it in a over sold zone. Would probably look at a tp around the 808 zone.

EU could possible be a buy. Green just crossed, just passed resistance (4374), but again, entering over bought zone and looks to be ranging.

Anyone have opinions on this, feel free to post. Thanks
F09
  • #8,760
  • Jul 24, 2011 11:55pm Jul 24, 2011 11:55pm
Quoting Fitness09
I am also looking at the UsdChf for a possible sell. Everything looks good (green down and just passed support) except it in a over sold zone. Would probably look at a tp around the 808 zone.

EU could possible be a buy. Green just crossed, just passed resistance (4374), but again, entering over bought zone and looks to be ranging.

Anyone have opinions on this, feel free to post. Thanks
F09

F09,

I'm a total amateur, but re US/CHF, is stochi confirming? Mine's pointing upwards.

Best wishes, G.
'Fail to plan, plan to fail'
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