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Trading Made Simple

  • #13,581
  • Nov 17, 2011 8:56am Nov 17, 2011 8:56am
Hi,

I understand you've only changed the colour for the blue lines. But what about the purple SMA where did that come from? What you have said sounds amazing but I dont know where to get the purple line from :/. Please can you let me know.

Thanks,

WBM

Quoting X-Man
Hi guys

For some guys thats wondering to which crosses should they trade , I'm posting a chart that would help increase your win rate and make more pips.
This is a conservative style and it would allow you to catch a trend early. so we are basically looking for the TDI to touch or pierce the Blue bands then
We can trade the cross after that ( by backtesting you will notice that trading these crosses you will be more successful than trading just any cross.)
I've marked the charts with arrows, the double arrows show that those trades will have...
  • #13,582
  • Nov 17, 2011 9:35am Nov 17, 2011 9:35am
hey guys

here is another successful setup that i entered yesterday with a nice small SL of 55 pips and my TP at 100 pips.
PA is bouncing off SHI channel.
TDI has pierced through the blue bands.
My SL is below the channel so even if it tests the channel again it highly unlikely that it would hit my SL because we in an uptrend so Higher lows are forming.
Sometimes you can run a single trade for an entire month.
For example E/U if you entered short at the start of the month you could still have it running as it is bouncing of that 60EMA.

WBM you go to indicators on your platform then you go to moving averages then you add it then you adjust it to 60EMA SIMPLE as that.
Alot of traders use the moving averages as support and resistance thats why at times you will see PA bounce of it so perfect.
The more traders use it the better it will work and the more reliable it would be.
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X-man the legendary conqueror of markets
  • #13,583
  • Nov 17, 2011 12:02pm Nov 17, 2011 12:02pm
Day charts currently showing clear break of previous fractal which coincides with a tdi bounce - lower timeframes will probably have the tdi approaching 32 or lower so be wary on this one.

PA is attempting a breakthrough on the 1.0000 so we will see if gets hung up over the next day. Possible new entry point as PA pushes below 0.9980 following a pause.

As my charts currently have some other info on them, I will not post charts in order to respect the TDI thread - it also avoids the current muppet questions of who wrote the indicator / send me your template and how do I find/attach an indicator!

Did I mention how much I love the Ignore function in FF?

Usual 2 positions opened on this one - closed the first postion as the BRN (Big Round Number) effect took over @ 1.0000 for 40 pips and letting the second position run - however, did move SL to B/E +5, so this is now a free trade!

X-Man - great posts - Looking forward to reading them in a lot more detail when I finally have a spare hour or so - keep up the great work in farming all those pips - good luck in the jumbo wheelbarrow search
"To live with Passion, it takes Courage and Grace to survive"
  • #13,584
  • Nov 17, 2011 12:06pm Nov 17, 2011 12:06pm
very useful. thx for sharing.

Quoting X-Man
Guys another tip to trading :

in a downtrend , its safer to sell the tops rather than to buy the bottoms.
In an uptrend , its safer to buy the bottoms rather to sell the tops.

If you look at the last chart i posted
E/U is in a downtrend so i sell the tops.
The 4EMA is touching the the 60EMA
TDI is touching the blue bands
And PA bouncing of the channel
So this was a really good 2 trades to take with a small SL. Enter after the TDI cross at the opening of the second candle.
making over 200 pips each taking these 2 trades at 1 standard...
  • #13,585
  • Nov 17, 2011 1:30pm Nov 17, 2011 1:30pm
Quoting firsttimer
very useful. thx for sharing.
Seconded. Thanks for the great pearls.

Shines a light through the fog that is this thread
We're all just one trade away from humility.
  • #13,586
  • Nov 17, 2011 1:32pm Nov 17, 2011 1:32pm
Guys, please give it a rest - there is some really good stuff on here lately but this doesn't help us newbies - you have something in common = both screen names end with a 7
  • #13,587
  • Nov 17, 2011 1:33pm Nov 17, 2011 1:33pm
NB! Nothing left about Big E system.
  • #13,588
  • Nov 17, 2011 2:09pm Nov 17, 2011 2:09pm
Quoting TraderJak
Guys, please give it a rest - there is some really good stuff on here lately but this doesn't help us newbies - you have something in common = both screen names end with a 7
Totally agree - That's the beauty of the Ignore function - I have no further interest in the topic - once it is place this is all I see is this -
"Post hidden because davidt07 is on your ignore list. "

I am more interested in trading than certain individual's comments / personal issues.

Anyone can invoke the function at any time.

Happy trading
"To live with Passion, it takes Courage and Grace to survive"
  • #13,589
  • Nov 17, 2011 2:33pm Nov 17, 2011 2:33pm
[quote=mikiantony;5139459]
Quoting Phx62

Hi Phx62

Still trying to emulate your style.

How do you monitor a trade. Is it every hour and dont do anything inbetween or constantly which means you dont go back to bed.
Im amazed also how you can xit a loosing trade for say - 11 pips if you only look at the H4 chart. Is it just knowledge and/or intuition

regards

miki
With all due respect...dont EVER try to emulate the way someone else trades.....trading and being a succesful trader is mostly about yourself and how you have packaged everything you have learned into one big bundle that is adapted to your trading personality....it will not work trying to emulate others as they are different to you. Sure learn and read from him but it is a mistake to attempt to copy.
  • #13,590
  • Nov 17, 2011 3:42pm Nov 17, 2011 3:42pm
Had a tough morning with the London session. Entered a trade on the H1, watched it move in my direction and went back to bed. The trade came to within 1 pip of my 50 pip TP and reversed.....took me out at BE for a 1 pip loss. Nothing to be upset about....that's just trading.
At the end of the London, I moved to the M15 and took another setup. This one got to the 50 pip TP.
Keep it simple guys. If you enter on the cross of the green over the red on the TDI, the PA will usually move in your direction at least 3 candles like Big E showed us. Monitor those trades and keep the "CLOSE" box open on the chart in case you need to get out on a reversal. You can't help but make pips.
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  • #13,591
  • Nov 17, 2011 4:02pm Nov 17, 2011 4:02pm
Quoting Phx62
Had a tough morning with the London session. Entered a trade on the H1, watched it move in my direction and went back to bed. The trade came to within 1 pip of my 50 pip TP and reversed.....took me out at BE for a 1 pip loss. Nothing to be upset about....that's just trading.
At the end of the London, I moved to the M15 and took another setup. This one got to the 50 pip TP.
Keep it simple guys. If you enter on the cross of the green over the red on the TDI, the PA will usually move in your direction at least 3 candles like Big E showed us. Monitor...
I always look forward to your posts.
  • #13,592
  • Nov 17, 2011 4:30pm Nov 17, 2011 4:30pm
Quoting Phx62
Had a tough morning with the London session. Entered a trade on the H1, watched it move in my direction and went back to bed. The trade came to within 1 pip of my 50 pip TP and reversed.....took me out at BE for a 1 pip loss. Nothing to be upset about....that's just trading.
At the end of the London, I moved to the M15 and took another setup. This one got to the 50 pip TP.
Keep it simple guys. If you enter on the cross of the green over the red on the TDI, the PA will usually move in your direction at least 3 candles like Big E showed us. Monitor...


These posts have been a great illustration of what TMS/TDI trading can do for you and demonstrates that focusing on a single trading style with a fixed set of indicators, a single currency pair and trading plan can do for you.

As you will see from the thread, H1 and H15 works really well with the London and NY openings and suits Phx62's trading style - other members use the higher TFs and suits their approach.

Find a timeframe that suits your trading hours and style, backtest it like crazy and then live test or use a live micro account and get used to how your chosen pairs move. As far as selecting pairs - any that move will work, but focusing on the 3 amigos - gu/eu/au is not a bad place to start.

Thanks for the posts - keep up the great work - TMS at its best
"To live with Passion, it takes Courage and Grace to survive"
  • #13,593
  • Nov 17, 2011 5:14pm Nov 17, 2011 5:14pm
"Find a timeframe that suits your trading hours and style"

This has been my biggest problem as the only 4H that I can trade is the 08:00 CT (NY session) but if the mkt is volatile I feel the 1H or 15M is better - get in and get out. I have tried the 4H at 8pm but I can't stay up for the succeeding 4 hrs to midnight and I have rarely had that time period hit my TP, usually the SL. I haven't juggled the 2 ideas very successfully and it shows in my results, I'm down in real money by 5% in my 1st week of trading live. I don't normally trade on Fridays.

I do plan to scale back to just one micro, look 1st evey morning for a good 4H setup and if none then see what the 1H looks like. Got to get better that's for sure and I firmly believe TMS is the answer. I appreciate the good trading ideas that have appeared on this thread, thank you all. piprac
  • #13,594
  • Nov 17, 2011 7:37pm Nov 17, 2011 7:37pm
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
Quoting x58
NB! Nothing left about Big E system.
  • #13,595
  • Nov 17, 2011 8:33pm Nov 17, 2011 8:33pm
Twee/Site Moderator,

This quoted post should be deleted and removed to the trash and Britpip7 should receive an infraction for breaking forum rules. This is a nice community and this obviously is an infraction of FF rules.

It is insulting, damaging, unwarranted smearing of my good name & intellect.

Thank you for your diligent work Twee, I've read your bio and your history with being fair and just so I look forward to you resolving this promptly.

David

Quote
Membership Rules
Rule #1: Respect Thy Fellow Trader
As a Forex Factory member, you are expected to treat others with respect and kindness. Mean-spiritedness, fighting, hostility, racism, offensive comments, and slander are all subject to removal. Healthy debate is welcome.

Additionally, all members have the right to trade in peace - you should not harass, attack, or disrupt another trader's thread. If you dislike or disagree with someone's ideas, it's fine to say so, but you should move on shortly thereafter.

Quoting Britpip7
There is a new tool called Google that you can use - you type in a phrase such as "tms-osc histo 3tf mq4" and it gives you possible links.

Alternatively you could type the very same phrase into the search bar at the top of this page in FF and it will point you to http://www.forexfactory.com/showthread.php?p=4702514

Alternatively you could just lie there and we could push your chest in and out for you and occassionally drip feed you.

Sorry for this response - but PLEASE - start doing some research folks - this applies to...
  • #13,596
  • Nov 17, 2011 8:43pm Nov 17, 2011 8:43pm
Quoting davidt07
Twee/Site Moderator,

This quoted post should be deleted and removed to the trash and Britpip7 should receive an infraction for breaking forum rules. This is a nice community and this obviously is an infraction of FF rules.

It is insulting, damaging, unwarranted smearing of my good name & intellect.

Thank you for your diligent work Twee, I've read your bio and your history with being fair and just so I look forward to you resolving this promptly.

David
David,

You've not made a good start here, mate. I encourage you to please settle down a bit. Three of your first seven posts are complaining, derogatory towards others, carrying on, or protesting this or that.

I wouldn't know how your "good name & intellect" can be assumed at this point in your history with FF. Certainly, from the publicly available material (your 7 posts), neither appear to be in very good shape right now.
  • #13,597
  • Nov 17, 2011 9:18pm Nov 17, 2011 9:18pm
Quoting fivex
Ok, I am still by page 173 but have gotten my ass handed to me every single day since Tuesday after several weeks doing awesome. Have the trading rules been modified/different from what Big E explains in the first 173 pages?
  • #13,598
  • Edited 9:57pm Nov 17, 2011 9:26pm | Edited 9:57pm
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
pics of old favorite setups.
lets see yours
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  • #13,599
  • Nov 17, 2011 10:06pm Nov 17, 2011 10:06pm
Quoting Britpip7
Anyone have any thoughts / opinions on this topic?

Consider the possibility that you have been trading TMS successfully for several months and that you have been achieving a consistent monthly trading accuracy of over 70%.

Your pips win to loss ratio is 3 to 1

At what point would you consider risking a higher amount (% of your account balance) in your trading?

a) Never

b) May consider the occassional trade to test the theory for a really good entry position

c) Full steam ahead - rewrite the MM plan and go for it
Great responses folks - it is interesting to see how different trading plans come into play with the members' differing levels of experience and the various strategies for dealing with a string of unplanned results.

From my trading history, I have only ever seen 3 consecutive losses on one occassion. This has been as a result of focusing on high probability set ups and also not running with multiples of trades open in parallel. I also run with 2 positions for every entry and utilize dcginc's ATR(7) approach to SL / TP1 & TP2, so my risk for losses increase proportionally if I have more than 1 entry position open. My maximum # of positions open simumtaneously is 2.

With regards to % of account at risk, I have taken a more aggressive approach based on current trading success and the probability of losses, so I have been willing to take 5% as my risk base of the total account per trade. This is also applied if I have 2 positions open, so this will mean as much as 10% at risk across the 2 trades / positions. My approach has been to use the same lot size for following trades until the account has increased by 100% and then increase the lot size to again reflect initially 5% at risk and repeat the process. I'll see how I feel once the account grows to allow multiples of lots to be traded with that risk plan.

When I do suffer losses and these losses are 100 to 200 pips, my subsequent lot sizes are halved until the account recovers. If I have 2 back to back losses I scale back to 0.1 lots and then really understand the lessons learned / root cause for the losses. So far, root cause has been not veifying the entries before pulling the trigger (lack of attention to detail / lack of due diligence) - or being distracted and losing focus.

This is still work in progress, however, it is still alarming to see your SL hit, especially when you achieve trading with full lots!

Thanks again for the responses - this had been an interesting exercise.
"To live with Passion, it takes Courage and Grace to survive"
  • #13,600
  • Nov 17, 2011 11:02pm Nov 17, 2011 11:02pm
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
could be fun, its a fresh 4H in a few.
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