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Trading Made Simple

  • #12,501
  • Oct 11, 2011 6:55pm Oct 11, 2011 6:55pm
Quoting MichaelSimon
Yes was just looking at that. Also I guess not much movement at least till asian market opens.
Well I left room to breath so Im sticking to my plan. Really its peanuts, even if Im stopped out.
I have to get some sleep so guess Ill have a suprise in the morning...
If you are trading TMS then reread the rules. I don't know what parity means, the green tdi line is not at 2 o'clock, more than 2 candles (a lot more) and stochs are in the 80s. You are either hoping or not understanding TMS.
  • #12,502
  • Oct 11, 2011 7:05pm Oct 11, 2011 7:05pm
for those of you trading 4 hr charts, what other times are you looking for entries other than at the eelfranz 1am est slot?
  • #12,503
  • Edited 10:07pm Oct 11, 2011 7:15pm | Edited 10:07pm
I have a sell stop @ .9905 for the A/$ on the 4H TF. I want to see if price will clear to the downside of a small S zone. Recent candles are on the small side but all of the other indicators look good for TMS trading. I shall see. p.

edit: tdi hooking, got out with +10
  • #12,504
  • Oct 11, 2011 7:53pm Oct 11, 2011 7:53pm
Quoting piprac
If you are trading TMS then reread the rules. I don't know what parity means, the green tdi line is not at 2 o'clock, more than 2 candles (a lot more) and stochs are in the 80s. You are either hoping or not understanding TMS.
Thanks for the input.
Don't think you read my reasons (prior post) tho tbh. I know a glance at the chart looks like its not a setup but at the time I took it, TDI was at 2, stochs (compare to daily candle on March, 23 or Sep, 2 2010 for example) was rising pushing 80, and if you look back, you see that the setup was good. I would have taken it earlier but as I stated, didnt want to get in the trade on friday afternoon, and I was a bit late back on Monday. The only thing that was not good was on the h4, but as I said I'm trying to stick to a tf. And obviously I felt the bigger factor would be the 1.0000 resistance and if it would be broken (I thought that's what parity meant - 1-1).
Also, I know its supposed to be simple, but there was way more than that going into the trade.
Hey who knows, maybe its just me. That's twice out of two I've been slammed on this thread so maybe I am that dumb and just have no clue..
Anyways, no matter now. It was bad. News is out and I'm at -40 already and looks like I should probly reverse my position.. We'll see.
  • #12,505
  • Oct 11, 2011 9:09pm Oct 11, 2011 9:09pm
Quoting MichaelSimon
Hmm, I took a long on that this morning ~10:30 am (gmt+1) looking at the D1..
I keep trying to stick to a tf and I know I was thinking differently this morning but now, looking at your almost perfect short setup, I lost my confidence.
The thing is I was looking long so I went really small just to "send some probes" and stack on if my plan works...

PA made a nice pinbar just before the w/e and came back with good momentum since week open. I didnt rush to enter long on Monday cos we were [b]close to parity which I thought would...
Information overload leads to analysis paralysis......forget reading new stuff and trade to you rplan if it is succesful.....hone your skills and refine your plan.....thats all you need. DOnt get caught up jumping from one thing to another, it will only confuse you and you wont be able to trade with a clear mind.
  • #12,506
  • Oct 11, 2011 9:31pm Oct 11, 2011 9:31pm
Simple Sell Setup with real candles, all information on chart except position size
Attached Image (click to enlarge)
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OPPORTUNITY IS NOWHERE
  • #12,507
  • Oct 11, 2011 10:54pm Oct 11, 2011 10:54pm
Since the market opened on Sunday, there have been six TDI signals to enter trades on the H1 time frame. I marked each one on the chart. I trade the EUR/USD only and 90% to 95% of the time during London. Three of the trades were during London session. I was able to enter two of them for a nice pip total. Not bragging....just trying to show that the system works and give some hope to those who are still struggling to make a profit. I left lots of pips on the table but not being greedy is also a part of my trading plan. Big E's TMS system works if you develop a good trading plan and apply it to every trade. Thanks for showing the way Big E!!
Good pippin to everyone!
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  • #12,508
  • Oct 11, 2011 11:25pm Oct 11, 2011 11:25pm
Quoting Kagawa
Thank you for the analysis, Hedayat.


I hope you can answer a question about how to define D1 confirmation.

- Do you refer to a daily trend for confirmation? In this context I would define 'trend' simply as several candles having the same colour. Let's say: at least 3 or 4 candles.

- Or do you refer to todays candle only? Regardless of what colour yesterdays and the previous candles had?
I would preferably go for atleast 1 closed candle of the same color with today's candle.
A trader must be humble - else the market would humble him.
  • #12,509
  • Oct 11, 2011 11:53pm Oct 11, 2011 11:53pm
Quoting Callisto
Simple Sell Setup with real candles, all information on chart except position size
Very nice! I like the simplicity of your chart. Do you rely on Supply/Demand zones in your setups? If so can you point me to a resource for learning a bit more about it. ie, how the zones are determined?
Thanks.
  • #12,510
  • Oct 12, 2011 12:01am Oct 12, 2011 12:01am
Quoting MichaelSimon
Thanks for the input.
Hey who knows, maybe its just me. That's twice out of two I've been slammed on this thread so maybe I am that dumb and just have no clue..
I guarantee it is not "just you". There are more than a few folks here that are not consistently profitable so hang in there. Its a shame if you feel you are getting slammed here. We are here to help each other. And, from what I have seen you are trying - thats what counts. If this stuff was easy we'd all be sitting on yachts in the Carribean, sipping pina coladas.... Keep coming back, but keep it as simple as possible.
  • #12,511
  • Oct 12, 2011 12:05am Oct 12, 2011 12:05am
Quoting funwithbux
Very nice! I like the simplicity of your chart. Do you rely on Supply/Demand zones in your setups? If so can you point me to a resource for learning a bit more about it. ie, how the zones are determined?
Thanks.
Google Sam seiden and watch his free vids
  • #12,512
  • Oct 12, 2011 12:14am Oct 12, 2011 12:14am
Quoting funwithbux
Very nice! I like the simplicity of your chart. Do you rely on Supply/Demand zones in your setups? If so can you point me to a resource for learning a bit more about it. ie, how the zones are determined?
Thanks.
Thank you, that's the nicest thing anyone ever said to me on this thread (usually I'm too blunt) and if you like that, stay tuned!

To me that zone was just to point out previous resistance, all I know about supply / demand is what I read on another thread - look for zones where price made quick reactions / moves away from.

And Google for that Sam already recommended by Dean
OPPORTUNITY IS NOWHERE
  • #12,513
  • Oct 12, 2011 12:33am Oct 12, 2011 12:33am
Quoting MichaelSimon
Don't think you read my reasons (prior post)Hey who knows, maybe its just me. That's twice out of two I've been slammed on this thread so maybe I am that dumb and just have no clue..
Anyways, no matter now. It was bad. News is out and I'm at -40 already and looks like I should probly reverse my position.. We'll see.
Hey, you got about 222 more times to get slammed to even get close to me

And how about all the HELP that was given on Money Management + POSITION SIZING - that kind of cancels out the negative stuff, or do as I do, just let it slide...

Your chart is DAILY so you will like what I will post after London Open... stay tuned
OPPORTUNITY IS NOWHERE
  • #12,514
  • Oct 12, 2011 12:43am Oct 12, 2011 12:43am
Quoting Callisto
Hey, you got about 222 more times to get slammed to even get close to me

And how about all the HELP that was given on Money Management + POSITION SIZING - that kind of cancels out the negative stuff, or do as I do, just let it slide...

Your chart is DAILY so you will like what I will post after London Open... stay tuned
Daily charts look so messed up today - no trades yet
A trader must be humble - else the market would humble him.
  • #12,515
  • Oct 12, 2011 1:35am Oct 12, 2011 1:35am
Thanks Britpip7 for the ATR that will come in handy.

MichealSimon Dont just give up so easily just practice and practice and practice until it becomes second nature. The people are just here to help you so dont take it so hard, its just some people help in a not so nice way . Be like Callisto he has the confidence, he took enough slamming. you should also build your confidence up.

The trade you posted I wouldnt personally go long because look at the number of candles already. You entered long on the 7th candle which is a no no. If you kept it simple you wouldve entered on the cross of the TDI in the 32 zone which you wouldve been smiling because your wheelbarrow would be loaded with pips. Dont analyze too much. Just look to your left for major support resistance, pivot points, fibb levels and then go for it.
X-man the legendary conqueror of markets
  • #12,516
  • Oct 12, 2011 2:15am Oct 12, 2011 2:15am
Quoting Phx62
Since the market opened on Sunday, there have been six TDI signals to enter trades on the H1 time frame. I marked each one on the chart. I trade the EUR/USD only and 90% to 95% of the time during London. Three of the trades were during London session. I was able to enter two of them for a nice pip total. Not bragging....just trying to show that the system works and give some hope to those who are still struggling to make a profit. I left lots of pips on the table but not being greedy is also a part of my trading plan. Big E's TMS system works if...
Excellent result, well done.

Thanks for sharing, been getting down on myself lately with this game and reading that gave me a lift.
  • #12,517
  • Oct 12, 2011 2:47am Oct 12, 2011 2:47am
Oh I'm no where near giving up. And didn't mean to sound whiny and surely not ungrateful for this amazing thread with amazing people.
I just think maybe I'll go back to keeping my mouth shut and my eyes open and keep reading.
Definitely would have been a nice profit if I was in early on that A/U long but I need to build my confidence. I wait too long for some sort of confirmation (at least in my eyes) and end up missing the train.
Thank you guys for all the input. This is a wonderful place to be.
PS
Still in that Aud/Usd with sl refusing to get hit overnight (I entered on 5th! not 7th!) Now its coming back up to the 1.00 res so maybe I will end up bagging a few pips anyway...
  • #12,518
  • Oct 12, 2011 3:00am Oct 12, 2011 3:00am
Quoting Phx62
Since the market opened on Sunday, there have been six TDI signals to enter trades on the H1 time frame. I marked each one on the chart. I trade the EUR/USD only and 90% to 95% of the time during London. Three of the trades were during London session. I was able to enter two of them for a nice pip total. Not bragging....just trying to show that the system works and give some hope to those who are still struggling to make a profit. I left lots of pips on the table but not being greedy is also a part of my trading plan. Big E's TMS system works if...
Excellent trading. 2 questions

1 Are you taking trades at the open of the signal bar (otherwise the +50 couldnt have worked I think )

2 Today (wednesday am ) there was a good signal at the start of the 7am bar. Would you take it or wait for a bounce

thks

miki
  • #12,519
  • Oct 12, 2011 3:03am Oct 12, 2011 3:03am
Quoting MichaelSimon
Oh I'm no where near giving up. And didn't mean to sound whiny and surely not ungrateful for this amazing thread with amazing people.
I just think maybe I'll go back to keeping my mouth shut and my eyes open and keep reading.
Definitely would have been a nice profit if I was in early on that A/U long but I need to build my confidence. I wait too long for some sort of confirmation (at least in my eyes) and end up missing the train.
Thank you guys for all the input. This is a wonderful place to be.
PS
Still in that Aud/Usd with sl refusing to get...
Do me a favour and mark the exact candle on your daily chart that you entered on with a vertical line please and I will show you what went wrong.
  • #12,520
  • Oct 12, 2011 3:55am Oct 12, 2011 3:55am
Quoting dean
Do me a favour and mark the exact candle on your daily chart that you entered on with a vertical line please and I will show you what went wrong.
Yep maybe my other chart was too cluttered. I Entered long at 10:27 am on the daily of 10.11. The 10.10 candle had closed just above the price action channel of the sma's. The RSI was angled towards 2 o'clock and going above 50. The Stochs was just about to hit the 80 level.
I realize it wasn't a great trade. Too late into it I guess. And I should have counted on the 1.0000 to be resistance. I was thinking that if it breached it, then we could have gained some momentum and gone long for the rest of the week.
I'm learning.
Thanks!
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