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Trading Made Simple

  • #13,621
  • Nov 18, 2011 3:48pm Nov 18, 2011 3:48pm
Quoting Krypty
Just use Teamviewer (Free Software) and you connect directly to your PC and control it with your iPhone.
Thanks, I've considered RDP like control, however my current setup suits my needs just fine.
Financial independence is what I live for
  • #13,622
  • Nov 18, 2011 6:23pm Nov 18, 2011 6:23pm
Quoting Phx62
Another nice move up on the EU since the Frankfurt Open.....helped along by some news....moved the 50 pip TP to 100 which got hit.....a very good week! TMS works...just follow the simple rules and don't try to outsmart the market. Base all your decisions on PA confirmed by the TDI and you can be successful!
Regarding the trade on the 15/11 at 11.00, do you not wait for the bar to complete before you take the trade? Especially as the bar before had crossed UP over the red line.
  • #13,623
  • Nov 18, 2011 9:01pm Nov 18, 2011 9:01pm
Quoting Britpip7
First off - well done for reading so far into the thread - maybe your example can serve as a lesson to more folks on this thread.

Secondly - post some charts on a good trade and then a trade that tanked and ask for feedback
I've been looking at my trades by dragging them from the Account History tab to a chart. Most, if not all of my losses, came as the result of the following:

1. At the open of candle 1, candle 1 is of the opposite color of the previous candle (let's say the previous 4 candles were red, candle 1 is green);
2. I have a TDI cross with good angle;
3. I go ahead and enter trade on candle 1;
4. By the close of candle 1, it either changed color back to the color of the previous candles or the angle of the TDI cross turns flat or close thereto;
5. I close the trade for a loss.

I am guessing the past week or so I was entering strong trends so my profits resulted not necessarily from understanding the system but from luck, lol. I will try again this week with the recommendations in posts ## 13535; 13555; 13570; 13571; 13573; 13579; 13581; 13584; 13620; 13631 and 13633 from X-Man. I'll only be looking at 4 currency charts so don't expect to get many trading opportunities per week. However, I am not looking for many trades, am looking to understand and comprehend the system. I'll add more currencies once I get it under control. I'll pepper the thread with my chart/trades as I take them so I can gain the benefit of y'all's guidance.


Thanks.
  • #13,624
  • Nov 18, 2011 9:36pm Nov 18, 2011 9:36pm
Quoting ForexIdiot
I've been looking at my trades by dragging them from the Account History tab to a chart. Most, if not all of my losses, came as the result of the following:

1. At the open of candle 1, candle 1 is of the opposite color of the previous candle (let's say the previous 4 candles were red, candle 1 is green);
2. I have a TDI cross with good angle;
3. I go ahead and enter trade on candle 1;
4. By the close of candle 1, it either changed color back to the color of the previous candles or the angle of the TDI cross turns flat or close thereto;
5. I...
what time frames are you trading?

Always look left so you understand current trends in your timeframe / S/R levels / Fractals and refer to the next timeframe up to see what it is up to - this will also refer to X-man's approach
"To live with Passion, it takes Courage and Grace to survive"
  • #13,625
  • Nov 18, 2011 9:56pm Nov 18, 2011 9:56pm
Trading the H4, which I will continue to do following X-Man's suggestions - already created a template with the indies he suggests. Looking forward to seeing what happens next week.

Quoting Britpip7
what time frames are you trading?

Always look left so you understand current trends in your timeframe / S/R levels / Fractals and refer to the next timeframe up to see what it is up to - this will also refer to X-man's approach
Yes, looking back on them, I see some counter trend trades I placed were probably bad choices because the prior counter trend only lasted like 2 or 3 candles. Now I am looking forward to trading with the trend only, and only when the TDI bounces off from the outside blue bands and the PA from the SHI channel.

Thanks, Brit and X-Man.
  • #13,626
  • Edited 11:29pm Nov 18, 2011 11:22pm | Edited 11:29pm
Quoting zortan
Regarding the trade on the 15/11 at 11.00, do you not wait for the bar to complete before you take the trade? Especially as the bar before had crossed UP over the red line.
I have found that there is usually a lot of PA when the London sesson opens. I waited for the 1st candle to close and when I saw the bounce of the TDI, I took the trade at the beginning of the 2nd candle of the London session. It was a bounce trade, not a crossover trade.
Good trading to you!
  • #13,627
  • Nov 19, 2011 1:30am Nov 19, 2011 1:30am
Hi.. The last couple of days if one took a trade on the USD/CAD(short), AUD/USD ( long) , USD/CHF (short) one would have been stopped out at the end of the 2nd candle. Meaning I entered , color of bar good , angle good , stochs good , xover done , but on completion of the 2nd candle trade went against me.

Did anyone else face the same issue?

I also re collect reading somewhere that there is a skype group during the London Session. Does anyone here know hw we could join up there?



Quoting Phx62
I have found that there is usually a lot of PA when the London sesson opens. I waited for the 1st candle to close and when I saw the bounce of the TDI, I took the trade at the beginning of the 2nd candle of the London session. It was a bounce trade, not a crossover trade.
Good trading to you!
  • #13,628
  • Nov 19, 2011 2:43am Nov 19, 2011 2:43am
Misunderstood what you wrote. I thought the purple lines on the TDI pane were EMAs !! , since , I was using the original "TDI Red Green" which doesn't have the purple lines. All clear now. Thanks.

And I must add that there's quite a bit of rude people here . I mean a newbie asks a simple question and people come out with their guns blazing ! Honestly folks , if you are so busy that you don't have the time to address simple questions , then what are you doing in a forum in the first place ?

Quoting X-Man
Haha simr i dont think you read my posts attentively , Callisto is right.
The EMAs are for your charts , its the purple and the yellow on my charts. Why would you want to put the EMAs on your TDI? dont make sense.
The TDI bands are already set on your TDI indicator, you just have to change the colour for it to show. Read my recent posts and you will know.
  • #13,629
  • Nov 19, 2011 3:25am Nov 19, 2011 3:25am
Quoting Simr
Hi.. The last couple of days if one took a trade on the USD/CAD(short), AUD/USD ( long) , USD/CHF (short) one would have been stopped out at the end of the 2nd candle. Meaning I entered , color of bar good , angle good , stochs good , xover done , but on completion of the 2nd candle trade went against me.

Did anyone else face the same issue?
dont trade against trend...

read about elliott waves.
  • #13,630
  • Nov 19, 2011 5:25am Nov 19, 2011 5:25am
Although i have been a member for couple months or so i have not posted much, i have been following intensely, learning and absorbing all the excellent posts by a few. Many different versions of TMS had me somewhat confused for a while as i wanted to try everything that came out til i realized i have to stick to one and master it.
Therefore when X-MAN came out with his last week i tried it and really like it as i seem to be able to read it better and feel very comfortable with it, thanks.
I had many questions when i first discovered this thread but instead of keep asking questions i just kept my mouth shut and tried to absorb all the charts and great posts from a few. My suggestion to newcomers is to do the same, read, study the charts that are being posted, follow the rules,comprehend what the more experienced people are telling you, etc., etc. and you will be successful.
I have been trading this system live since the get go and have been successful, averaging around 500 pips per week trading .1 lot ATM, this week was a little slow with not much movement but i still managed to bank 351 pips with yesterday being my better day with 111 pips.

Oh, i have been trading for 2 1/2 years, first 2 years with EA's and the past 6 months manual trading, i have put all EA's on the shelf and i am strictly manual since retirement 10/1/11.
Hope this helps the newbies.

Have a great weekend!
  • #13,631
  • Nov 19, 2011 5:51am Nov 19, 2011 5:51am
Quoting X-Man
Guys in my recent posts i discussed my strategy on how to wait for setup for those nice long trends (swing trades)
While i wait for those trade to form i scalp the 4H charts with a 70 to 80% success rate.
This is for a more active trader .
The way i go about it is just the way big E discusses it at the start of the thread and as the thread goes on and on people forget what was discussed.
The way go about it is that i wait for a synergy bar to change colour and then look at TDI for a cross.
I then analyze the candle thats forming and as soon as that...
Hi X - man! I watch closely your recommendations, in my opinion they very valuable. I have a question concerning scalping on 4H.I has understood so, what we wait for a candle on which change of color begins and during which formation there should be a crossing of green and red lines TDI.If crossings on this candle haven't occurred yet? We will assume it has occurred on the following candle at the changed color. Whether it is possible to consider this candle like signal candle and after her closing to open the transaction at opening of the following candle? Thankful in advance for the answer.
  • #13,632
  • Nov 19, 2011 6:06am Nov 19, 2011 6:06am
Quoting cajun
I had many questions when i first discovered this thread but instead of keep asking questions i just kept my mouth shut and tried to absorb all the charts and great posts from a few. My suggestion to newcomers is to do the same, read, study the charts that are being posted, follow the rules,comprehend what the more experienced people are telling you, etc., etc. and you will be successful.
I have been trading this system live since the get go and have been successful, averaging around 500 pips per week trading .1 lot ATM, this week was a little slow...
Hi Cajun,
Thanks for your sugestion. I have been learning and trying micro trading for 1 year. I try all EA and trading system that I found, with no satisfaction in result. But TMS and this thread had changed my spirit. I agree with you that newcomers must read, study, follow the rules and absorbs the experience of the senior trader.

Frankly I want to pursuit your 500 pips per week trading. Can I do it? Yeah .... go!
  • #13,633
  • Nov 19, 2011 6:25am Nov 19, 2011 6:25am
Quoting Raa
dont trade against trend...

read about elliott waves.
But I will say don't chase elliot waves but learn Supply and Demand. That is far better than EW.
  • #13,634
  • Nov 19, 2011 6:59am Nov 19, 2011 6:59am
Quoting fxforever
Hi X - man! I watch closely your recommendations, in my opinion they very valuable. I have a question concerning scalping on 4H.I has understood so, what we wait for a candle on which change of color begins and during which formation there should be a crossing of green and red lines TDI.If crossings on this candle haven't occurred yet? We will assume it has occurred on the following candle at the changed color. Whether it is possible to consider this candle like signal candle and after her closing to open the transaction at opening of the following...
I have also been doing a lot of scalping the same as X-MAN instead waiting for a long trend setup, i have picked up good pips with the small up and down movements of the 3 amegos and others. As you study the movements for a while you can almost detect what it's going to do next, it goes up a few pips then comes right back down a few pips. This is mostly how i made my money last week. Until we start having big trends again this is how i will continue to trade.
I do not set a SL and TP i let it ride and monitor it, then when i see it wanting to reverse i close and take my profit, when i see it going the opposite direction i jump in and pick up a few more pips. This is probably not following the rules but i am an active trader and will not wait for the long trends and have been successful doing it this way. Everyone has developed it's own strategy and for the time being this is my strategy until we start getting good movements again.
I noticed a lot of people don't trade on Fridays, must be a mental thing. I trade on Fridays and it has been very good for me, i picked up 111 pips Friday by scalping, just my 2 cents.
  • #13,635
  • Nov 19, 2011 8:43am Nov 19, 2011 8:43am
Quoting cajun
I have been trading this system live since the get go and have been successful, averaging around 500 pips per week trading .1 lot ATM, this week was a little slow with not much movement but i still managed to bank 351 pips with yesterday being my better day with 111 pips.
Cajun, this is awesome stuff and very encouraging to newcomers to this system, like myself. Congrats on the excellent results. How many/which pairs are you trading?
  • #13,636
  • Nov 19, 2011 8:48am Nov 19, 2011 8:48am
Quoting Phx62
I have found that there is usually a lot of PA when the London sesson opens. I waited for the 1st candle to close and when I saw the bounce of the TDI, I took the trade at the beginning of the 2nd candle of the London session. It was a bounce trade, not a crossover trade.
Good trading to you!
What about if the bar reverses before it's closed?

It seems very few actually use the original rules anymore, it doesn't surprise me, I think the original claims were a bit exagerated.
  • #13,637
  • Nov 19, 2011 9:03am Nov 19, 2011 9:03am
I just wait which way it breaks out.
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  • #13,638
  • Nov 19, 2011 9:39am Nov 19, 2011 9:39am
Quoting ForexIdiot
Cajun, this is awesome stuff and very encouraging to newcomers to this system, like myself. Congrats on the excellent results. How many/which pairs are you trading?
I keep the 3 amegos on plus 3 jpy, usd/cad, eur/cad, nzd/usd, in total i keep 10-12 charts at a time. I have the time to monitor all of them therefore i just keep checking to find setups.

Very good system, don't give up on it, you just have to want to learn and try to absorb and pay attention to what the more experienced traders are saying, also pay attention to what the market is telling you.

Good Luck
  • #13,639
  • Nov 19, 2011 9:49am Nov 19, 2011 9:49am
Quoting sativa11
Hi Cajun,
Thanks for your sugestion. I have been learning and trying micro trading for 1 year. I try all EA and trading system that I found, with no satisfaction in result. But TMS and this thread had changed my spirit. I agree with you that newcomers must read, study, follow the rules and absorbs the experience of the senior trader.

Frankly I want to pursuit your 500 pips per week trading. Can I do it? Yeah .... go!
Well i'm sure i am not the only one on this thread averaging that amount but it can be done, using the info i have gathered on this thread has also changed my thinking and my way of trading, thanks to all the contributors i am proud of my accomplishments in a short period of time.
Now all i need to do is stick with the plan, keep applying good money management and stay consistent.

Good Luck
  • #13,640
  • Nov 19, 2011 9:51am Nov 19, 2011 9:51am
Why don't we open a live skype room or so?
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