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Trading Made Simple

  • #11,761
  • Sep 21, 2011 6:37am Sep 21, 2011 6:37am
Quoting dcginc
anntoro

What?

Golf is simple to understand, but until I put in the practice, I’m still going to be a 20 handicap.

The fact that between 90-95% of traders lose money is more than adequate evidence that trading is not easy. My strategy is to see what these 90-95% are doing and do the opposite.

[font=Calibri][size=3]A mechanical system is simply a set of rules to build a case for entering the market. The biggest hurdle facing traders is what to do after a trade...
THis is not a statement to argue with you.....but I would suggest that even trade entry can be heavy on the psyche.....assessing a trade....pulling the trigger.....this is why trading paralysis is a real issue with many.....myself included......its just another issue to add to the many others that make this game so very difficult......to say its easy is the most absurd thing I have read relating to forex trading.
antorro....if its that easy to you......firstly I imagine you must be a billionare.......yet curiously involved in this thread anyway (must be to keep your mind active) and secondly.......please just set up a trade advice line and we will all just trade the same entries you do......f**ck all the hard work.
  • #11,762
  • Sep 21, 2011 6:41am Sep 21, 2011 6:41am
Awesome post by you, dcginc. I can´t agree with you more.

Having a system, you believe in and follow the rules to 100% is crucial.

Nevertheless I have some open questions to the way you modified the system, dcginc. I´ve read the pdf-conclusion of your entries a fellow made and got the points down, concerning ATR. I am currently trading a system, that targets are also based on ATR - works pretty good. Nevertheless I think that TMS has still more potential.

Would you please be so nice and tell me, which further indicators (etc.) you do use to determine entries? (in addition to TDI)

Thanks in advance!

Quoting dcginc
anntoro

What?

Golf is simple to understand, but until I put in the practice, I’m still going to be a 20 handicap.

The fact that between 90-95% of traders lose money is more than adequate evidence that trading is not easy. My strategy is to see what these 90-95% are doing and do the opposite.

[font=Calibri][size=3]A mechanical system is simply a set of rules to build a case for entering the market. The biggest hurdle facing traders is what to do after a trade...
  • #11,763
  • Sep 21, 2011 6:41am Sep 21, 2011 6:41am
short 2 orders, A/J , E/U .....
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  • #11,764
  • Edited 11:13am Sep 21, 2011 6:47am | Edited 11:13am
dean
Quote
THis is not a statement to argue with you.....but I would suggest that even trade entry can be heavy on the psyche

Agreed. I am asserting the greatest psychological challenge is once the trade is placed, however you are correct - the challenge of entry can also be one of great trepidation.
  • #11,765
  • Sep 21, 2011 6:54am Sep 21, 2011 6:54am
Quoting prftablefool
I don't think this entry method has anything to do with TMS therefore may I suggest not to mix another methods over here and confuse newbies.
Certainly, you can think what you want, and you might be right, TMS is NOT about knowing entry, stop loss & profit target before trading.

Also, suggest all you want, but I doubt that it is confusing any newbies from the PM's I am reading.

I never said it was another method, I am simply pointing out how a trader could enter the market after a swift move, a move that some earlier posts even displayed doubt about, but is actually showing the direction the market wants to go.

Maybe they were not at the computer when the TDI crossed, how can they place a trade, safely enter, where is the stop loss?

So what is one to do, exactly as dgcinc has pointed out many times

A complete trading plan will have entries, risk and profits defined.

which we all know is simply not defined by TMS, it is just enter on first candle or second candle....
OPPORTUNITY IS NOWHERE
  • #11,766
  • Sep 21, 2011 6:58am Sep 21, 2011 6:58am
Quoting prftablefool
I don't think this entry method has anything to do with TMS therefore may I suggest not to mix another methods over here and confuse newbies.
AND another thing, why are you picking on me for showing a simple 1 to 1 ratio profit target and yet dgcinc gets congratulated for posting his ATR method?
OPPORTUNITY IS NOWHERE
  • #11,767
  • Sep 21, 2011 7:01am Sep 21, 2011 7:01am
Callisto
Quote
AND another thing, why are you picking on me for showing a simple 1 to 1 ratio profit target and yet dgcinc gets congratulated for posting his ATR method?

Just lucky I guess!
  • #11,768
  • Sep 21, 2011 7:20am Sep 21, 2011 7:20am
Quoting dcginc
Callisto

Just lucky I guess!
Glad 2 of us have the trading down to where we can have some FUN, we are having fun, right?

Here is another chart, now, not sure what this method is, but there just might be a few clues there if you study it long enough!

TRADING MADE SIMPLE (but not easy)
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OPPORTUNITY IS NOWHERE
  • #11,769
  • Sep 21, 2011 7:43am Sep 21, 2011 7:43am
Callisto
Quote
Glad 2 of us have the trading down to where we can have some FUN, we are having fun, right?

Here is another chart, now, not sure what this method is, but there just might be a few clues there if you study it long enough!

Having lots of fun! I also use fibs on one of my swing trading strategies, so I find value in your chart postings. Nice trades - in this GBP short as well(closing soon before FOMC).

But - in the interest of not getting folks off track (which I have proven I can do), lets not give away too much or introduce too much!
  • #11,770
  • Sep 21, 2011 7:51am Sep 21, 2011 7:51am
Quoting Callisto
AND another thing, why are you picking on me for showing a simple 1 to 1 ratio profit target and yet dgcinc gets congratulated for posting his ATR method?
You are definitely lucky, I posted my GBP entry earlier, it also wasn't a TMS trade, and no one is picking on me. I am a bit upset about that.....
Short Euro and remaining that way. That's just the way it is !
  • #11,771
  • Sep 21, 2011 7:52am Sep 21, 2011 7:52am
Quoting dcginc
Callisto

Just lucky I guess!
Good cop, bad cop !!!
OPPORTUNITY IS NOWHERE
  • #11,772
  • Sep 21, 2011 8:05am Sep 21, 2011 8:05am
Quoting NZ Chris
You are definitely lucky, I posted my GBP entry earlier, it also wasn't a TMS trade, and no one is picking on me. I am a bit upset about that.....
I saw it but I am sick of saying the same things to be honest....shit candle size, crap tdi angle barely a cross.....dont mean to be rude but your entry was ridiculously unrelated to this method so please dont post this stuff.....there are new guys here trying to emulate the succesful traders using this method......this will confuse them. Callisto and dc are just showing minor adaptations that can have major benefits but the basis is tms.....your trade wasnt.
  • #11,773
  • Sep 21, 2011 8:19am Sep 21, 2011 8:19am
Caught the EUR/USD on yet another textbook entry at 2am (EST). Great week for me with this method.
Attached Image
  • #11,774
  • Sep 21, 2011 8:25am Sep 21, 2011 8:25am
Quoting FXSurf
Caught the EUR/USD on yet another textbook entry at 2am (EST). Great week for me with this method.
Yep nice trade.......they all look good in hindsight
Anyone who plans to show their trades once they are over....how about posting them as soon as you enter as well as when they are done.
  • #11,775
  • Sep 21, 2011 8:54am Sep 21, 2011 8:54am
Quoting dean
Yep nice trade.......they all look good in hindsight
Anyone who plans to show their trades once they are over....how about posting them as soon as you enter as well as when they are done.
Hey Dean, I'll try getting a few during next week's session. I completely understand where you're comming from. I hate it when a guy tells you "if you had just entered here at the top, then you would have made...let's see, a hundred pips easy" and I never want to pull that BS. Honestly, I'm only posting trades that I actually took in a LIVE account. I'm on EST so I'm literally trading from bed at 2am my time. I'll include a shot of my setup, for those interested. Set the alarm for every hour on the hour and trade that London session. We'll get a few before-and-after's next week. Cheers.
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  • #11,776
  • Sep 21, 2011 9:35am Sep 21, 2011 9:35am
Hi guys,
i'm just starting learning this strategies on chart look nice let's see how is it live.

This my live entry for EJ setup seams correct let's see how the trade evolve
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  • #11,777
  • Sep 21, 2011 9:56am Sep 21, 2011 9:56am
Quoting dean
I saw it but I am sick of saying the same things to be honest....shit candle size, crap tdi angle barely a cross.....dont mean to be rude but your entry was ridiculously unrelated to this method so please dont post this stuff.....there are new guys here trying to emulate the succesful traders using this method......this will confuse them. Callisto and dc are just showing minor adaptations that can have major benefits but the basis is tms.....your trade wasnt.

WHOAAAA ! Hold up there cowboy, I was just having a little fun. By the way I didn't suggest to anyone that they should do anything different to TMS. I like it just as it is. It now forms a valuable part of my trading toolbox. It bugs the cr*p out of me that so many post indicators for this that and the other, making it "trading not so simple". My chart is pure TMS, no stochs either as they can be interpreted too many different ways. Just adding my $0.02 to the pot.

Happy trading and have fun.....
Short Euro and remaining that way. That's just the way it is !
  • #11,778
  • Sep 21, 2011 10:56am Sep 21, 2011 10:56am
Quoting piprac
Sorry if you have answered this before but how does one put "normal" candlesticks, such as you show, on the same TMS chart? Thanks, p
piprac, I'm sorry for not replying earlier, I haven't visited the thread for 10 hours.

I'm attaching my template.
Attached File(s)
File Type: tpl TDI-PA.tpl   3 KB | 712 downloads
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,779
  • Sep 21, 2011 11:48am Sep 21, 2011 11:48am
Quoting jgadefelth
yes i say 1h but meant 4h is it a good trade to take ?


best regards
Sorry, I don't trade H4, couldn't say anything, I just trade H1.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #11,780
  • Sep 21, 2011 12:11pm Sep 21, 2011 12:11pm
then please tell me more about 1h are you trading it special time, are you trading it just like the method or have you add anything ?


best regards
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