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Trading Made Simple

  • #12,701
  • Oct 17, 2011 6:38pm Oct 17, 2011 6:38pm
Quoting MichaelSimon
Nice!
I think I need to study up on fractals more cos I'm not getting it. I know the theory but I am having trouble actually pinpointing the start/end of fractal. When you refer to a fractal, are you looking purely at the pa, or do the indicators have to match up as well?
I hope my question is even logical...

Also - when you say TMS Osc - I assume you mean the Histo, but I couldn't find that multi tf one. Should I scour the attachments again or is it from some other thread?
Fractals are the standard Bill Williams indicator - they show as an arrow and indicate the H/L over a period of the preceding and following 3 candles. After the 4th candle they will not repaint.

The full title of the other indicator you mentioned is "TMS-OSC Histo 3TF" I believe that there are several versions of this as the original was updated some time ago
"To live with Passion, it takes Courage and Grace to survive"
  • #12,702
  • Oct 17, 2011 7:21pm Oct 17, 2011 7:21pm
Three trades today on the M15 during London....1st trade reversed...out with +9 pips, 2nd trade good for +102 pips, trailing 3 pips behind the previous candle.....the 3rd trade should not have been taken on the retracement leg of that trend movement. I should have taken it on the next impluse leg down for 40 or 50 pips. Broke my trading rules...took a chance instead of trading the plan....no loss though. Ended with 112 for the day...a good day! TMS works on all time frames when applied with a trading plan and discipline (and sometimes even when I'm not very disciplined). M15 has been giving me good entries around the LO recently.
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  • #12,703
  • Oct 17, 2011 8:27pm Oct 17, 2011 8:27pm
Quoting Phx62
Three trades today on the M15 during London....1st trade reversed...out with +9 pips, 2nd trade good for +102 pips, trailing 3 pips behind the previous candle.....the 3rd trade should not have been taken on the retracement leg of that trend movement. I should have taken it on the next impluse leg down for 40 or 50 pips. Broke my trading rules...took a chance instead of trading the plan....no loss though. Ended with 112 for the day...a good day! TMS works on all time frames when applied with a trading plan and discipline (and sometimes even when...
Very nice trades with the 15m time frame.
  • #12,704
  • Oct 17, 2011 8:58pm Oct 17, 2011 8:58pm
Quoting Phx62
3rd trade should not have been taken on the retracement leg of that trend movement. I should have taken it on the next impluse leg down for 40 or 50 pips. Broke my trading rules...took a chance instead of trading the plan....no loss though.
Nice work on the E/U as usual Phx. Seems like you're starting to lean more toward the m15 than the H1. Can't blame you with your recent wins. What is it about this retracement that didn't fit your rules? Looking at it the TDI cross was there below the 32 and the stoch was oversold. Is it because it was counter trend or that you expect a retracement? Looking at some of your trades last week that would have worked out as a perfect buy signal.
Everyone's got a plan until they get punched in the face
  • #12,705
  • Oct 18, 2011 12:31am Oct 18, 2011 12:31am
Quoting Phx62
Three trades today on the M15 during London....1st trade reversed...out with +9 pips, 2nd trade good for +102 pips, trailing 3 pips behind the previous candle.....the 3rd trade should not have been taken on the retracement leg of that trend movement. I should have taken it on the next impluse leg down for 40 or 50 pips. Broke my trading rules...took a chance instead of trading the plan....no loss though. Ended with 112 for the day...a good day! TMS works on all time frames when applied with a trading plan and discipline (and sometimes even when...
Hallo, what about your 2. entry - you enter without a red candle (after the blue one) ? Is that correct?
  • #12,706
  • Oct 18, 2011 1:01am Oct 18, 2011 1:01am
Quoting Happy68
Hallo, what about your 2. entry - you enter without a red candle (after the blue one) ? Is that correct?
The second trade entry is the second vertical line. It's definitely a red candle. Are you maybe looking at the 1st trade close arrow?
Everyone's got a plan until they get punched in the face
  • #12,707
  • Oct 18, 2011 1:08am Oct 18, 2011 1:08am
I see many trends broken today ..
I think there are some strange movements
ideas?
  • #12,708
  • Oct 18, 2011 1:16am Oct 18, 2011 1:16am
[quote] What is it about this retracement that didn't fit your rules? Looking at it the TDI cross was there below the 32 and the stoch was oversold. Is it because it was counter trend or that you expect a retracement? Looking at some of your trades last week that would have worked out as a perfect buy signal.

Dud45
The EU during the London session usually moves in one direction for 3 or 4 hours and then has a retracement leg (usually longer than the one on the chart) and then continues on for another hour or two. Part of my trading plan is to not take the retracement leg and if I enter another trade, it should be in the same direction as the earlier trend. You are right, I did have a couple of successful trades on the retracement leg last week. That is one of the reasons I tried it here. Not every trade is going be successful....there will always be some pull backs and losses. You just need to limit the losses.

[quote] Hallo, what about your 2. entry - you enter without a red candle (after the blue one) ? Is that correct?

Happy68,
On the 2nd trade, there was a red candle followed by a small blue doji and then another red candle. The TDI cross actually occurred on the blue doji but I waited for a break below the blue doji on the 2nd red candle to enter. The rules as established by Big E allow entry on the 1st or 2nd candle of the opposite color with a cross of the TDI and stochastic agreement. Study Big E's posts on this thread and the first thread he started (Craig Harris).
  • #12,709
  • Oct 18, 2011 2:58am Oct 18, 2011 2:58am
1- sell eurusd h1

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  • #12,710
  • Oct 18, 2011 8:16am Oct 18, 2011 8:16am
[quote=Phx62;5048272]Three trades today on the M15 during London....1st trade reversed...out with +9 pips, 2nd trade good for +102 pips, trailing 3 pips behind the previous candle

Hi Phx62.

Do you use a 3 pip trailing SL at trade open or after 1/2 bars

great post as usual
  • #12,711
  • Oct 18, 2011 11:04am Oct 18, 2011 11:04am
[quote=mikiantony;5050014]
Quoting Phx62
Three trades today on the M15 during London....1st trade reversed...out with +9 pips, 2nd trade good for +102 pips, trailing 3 pips behind the previous candle

Hi Phx62.

Do you use a 3 pip trailing SL at trade open or after 1/2 bars

great post as usual

Mikiantony,
The trailing stop is really not a 3 pip trail....it is set 3 pips behind the previous candle at the start of the current candle. On the M15, I usually move it after the trade has moved 20 to 30 pips. On the H1, I normally start after the entry candle is completed, if PA moved as expected.
Success to you!
  • #12,712
  • Oct 18, 2011 11:05am Oct 18, 2011 11:05am
buy eurusd h1

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  • #12,713
  • Oct 18, 2011 11:15am Oct 18, 2011 11:15am
Only took one trade this morning. When I got up, I had already missed the M15 entry so I took the entry on the H1. Got out with +62 after PA pulled back 24 pips.
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  • #12,714
  • Oct 18, 2011 1:10pm Oct 18, 2011 1:10pm
[quote=amiralifx;5050580]buy eurusd h1

Attachment [/quote


EXIT WITH +11 PIPS
  • #12,715
  • Oct 18, 2011 2:47pm Oct 18, 2011 2:47pm
Had a really bad run lately - using 4H TF but only entering at 0600, 1800 and 2200 GMT but today was completely crap. At 0600 I had a definite buy signal and entered a buy trade on Cable (demo micro account) and 'jinged' it. On checking later I had lost over 80 pips. Looking backwards on the screen there was no buy signal so I jinged that as well to compare, The before and after views are attached. I had 4 like this recently, all seemed to be the opposite when I checked back. Can PA really change the TDI like this?
Attached Images
  • #12,716
  • Oct 18, 2011 3:09pm Oct 18, 2011 3:09pm
Quoting TraderJak
Had a really bad run lately - using 4H TF but only entering at 0600, 1800 and 2200 GMT but today was completely crap. At 0600 I had a definite buy signal and entered a buy trade on Cable (demo micro account) and 'jinged' it. On checking later I had lost over 80 pips. Looking backwards on the screen there was no buy signal so I jinged that as well to compare, The before and after views are attached. I had 4 like this recently, all seemed to be the opposite when I checked back. Can PA really change the TDI like this?
I am still demoing so I'm no expert but the "cross" in the 1st picture has a very poor slope. Been there, done that too. Just a suggestion but download and put the slope indicator on your charts - a big help. When I 1st did that what I thought was a good slope had an index reading of 72.7 or something like that, definately not at 2 or 4 o'clock or better. It was a big help for me by staying out of dubious trades. I now don't see what I think is a proper slope, I have a reading that confirms or denies what I want to see. Again, just a suggestion.
  • #12,717
  • Oct 18, 2011 3:49pm Oct 18, 2011 3:49pm
Quoting Phx62
Only took one trade this morning. When I got up, I had already missed the M15 entry so I took the entry on the H1. Got out with +62 after PA pulled back 24 pips.
I got 63pips this morning on the gbp/cad.Could have gotten about 40 more if i would have stayed in there
  • #12,718
  • Oct 18, 2011 4:33pm Oct 18, 2011 4:33pm
Quoting piprac
Just a suggestion but download and put the slope indicator on your charts - a big help.
Thanks for tip piprac, have loaded that in and will try that for a while - I always thought I was a good judge of the angle but maybe not.
  • #12,719
  • Edited 4:40pm Oct 18, 2011 4:39pm | Edited 4:40pm
Thanks for the posts of your charts of the trades you are taking on the 15M. It would seem we have the same (broker) since your charts are identical to mine. Been trying to master the entry on the 15M for a while. I've mainly been using the 30M and 1H.

CodeMonster
  • #12,720
  • Oct 18, 2011 5:04pm Oct 18, 2011 5:04pm
Hey TraderJak

What's the name of the TDI indi your using? I'm using the "red green TDI" and I've never seen a cross extend that far before repainting as a bounce. There's a few people talking about it happening but I never seen one posted.
Everyone's got a plan until they get punched in the face
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