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Trading Made Simple

  • #13,661
  • Nov 21, 2011 3:02am Nov 21, 2011 3:02am
well thats a swing trade so i dont just exit so quick, if i was scalping then ill enter and exit , enter and exit.
These kinda trades that i post are trades thats held for long periods.
Sometimes it will last for a week sometimes more.
At times you can hold trades for a month and make 500 pips or so just by using the 60 EMA and the channel.
Its all about going with the trend no matter what trading system you use.

If i get stopped out i'll just wait for the next setup and enter.
X-man the legendary conqueror of markets
  • #13,662
  • Nov 21, 2011 5:24am Nov 21, 2011 5:24am
Hey guys,

Just join the forum after reading abt TMS and it really interests me, so I did my first trade but wonder if it is correct?
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  • #13,663
  • Nov 21, 2011 5:27am Nov 21, 2011 5:27am
Quoting Britpip7
AU looks promising with the caveat that tdi is getting close to 32 level - lots of downward pressure.

Day chart showing good trend
AU H4 entry went according to plan - first position closed for +70 and BE +10 set for second position - TDI cross coincided with the H4 Fractal break and triggered the pending sell stop orders.

Avoided the temptation of doubling the trade with the GU, so sticking to my over trading rule - don't

Good luck all for the week - for those not on the US side of the pond - Thanksgiving week, so most of the US traders will be gone by lunch time Wed.
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"To live with Passion, it takes Courage and Grace to survive"
  • #13,664
  • Nov 21, 2011 6:06am Nov 21, 2011 6:06am
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 . . . .
X-Man, may I ask you how you handle fundamentals? and, do you take the trade when occurs no matter the time of the day? Ths.
Humble & Kalcker CLO2 = Covid killer
  • #13,665
  • Nov 21, 2011 10:48am Nov 21, 2011 10:48am
hi.

my today trade

buy eurusd h1

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  • #13,666
  • Nov 21, 2011 11:45am Nov 21, 2011 11:45am
Heads up - who knows what the Feds will announce - I plan on being out or with SL moved accordingly. Protect your positions or sit out and watch for moves.

Been caught one too many times on this one!
"To live with Passion, it takes Courage and Grace to survive"
  • #13,667
  • Nov 21, 2011 12:20pm Nov 21, 2011 12:20pm
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!
very true!

I got the same down for me. Just look at basic forex stuff and use TDI on the hours Big E mentioned for entries.

@ X-Man: I also do like your trading approach. You seem to implement a lot of other stuff - as this may seem confusing to forex newbies, it is surely a very successful approach for experienced traders. Keep the good work up!

AND: THANKS BIG E !!!
  • #13,668
  • Nov 21, 2011 12:34pm Nov 21, 2011 12:34pm
Good start for the week, closed buy trade on EUR/NZD for +185. Seems like it is heading back South on H1.
Also, just opened sell trade on EUR/AUD seems to be a good setup +12 ATM, will let it ride and monitor it.

Good Luck
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  • #13,669
  • Nov 21, 2011 1:11pm Nov 21, 2011 1:11pm
Quoting amiralifx
hi.

my today trade

buy eurusd h1

Attachment

Attachment
Did you put a slope in RSI on the bottom of your chart?
any information and settings you'd like to share with us please?
  • #13,670
  • Nov 21, 2011 1:21pm Nov 21, 2011 1:21pm
Quoting cajun
Good start for the week, closed buy trade on EUR/NZD for +185. Seems like it is heading back South on H1.
Also, just opened sell trade on EUR/AUD seems to be a good setup +12 ATM, will let it ride and monitor it.

Good Luck
I'm in to on EURAUD
  • #13,671
  • Nov 21, 2011 2:33pm Nov 21, 2011 2:33pm
Hello, I am new as well, also interested in TMS, would like to be added to your Skype group, my Skype id is patrick.humes1. Is the London session the primary time the group gets together? Looking forward to conversing with everyone. Thank you.

Quoting Ivolux
Hi. X-man

I`m new here but really interested in TMS

Please add me to the skype trading room, my skype id: luxivo

Thanks
  • #13,672
  • Nov 21, 2011 2:44pm Nov 21, 2011 2:44pm
Hi guys

my 2nd trade, a sell as i see the green and red crossed nicely but the price go against me just after i sold, why? and what should i do? close with loss?
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  • #13,673
  • Nov 21, 2011 2:48pm Nov 21, 2011 2:48pm
Quoting hutrader
Did you put a slope in RSI on the bottom of your chart?
any information and settings you'd like to share with us please?
hi. i use only default indicators and tms rules. its very simple and easy.

i recommonded that exercise,excersise,excercise.....

thanks elfranz
  • #13,674
  • Nov 21, 2011 5:24pm Nov 21, 2011 5:24pm
Quoting X-Man
Forexidiot on my TDI i dont see any piercing of the blue bands and PA is too far from the botton of the channel so i dont feel comfortable taking this trade.
This is worrisome as I am using the TDI you attached to one of your posts. Are your inputs:
13
0
34
2
0
7
0

That's what I got in mine.
  • #13,675
  • Nov 21, 2011 6:15pm Nov 21, 2011 6:15pm
Hi all,

I have an experiment with arrow indicator as seen on the attachment. I find that the arrow acts as an early warning on reversal, even though we still stick with the current trend. It is still being tested and I feel the positive result.

If someone here had ever used it please let me have your experience or opinion. Thank you in advance.
  • #13,676
  • Nov 21, 2011 6:18pm Nov 21, 2011 6:18pm
Sorry, this is the attachment.
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  • #13,677
  • Edited 6:31pm Nov 21, 2011 6:23pm | Edited 6:31pm
I took this A/U trade right now. Mostly I just want to ride this 4H candle, prob close the trade at the close of the candle because it is going against the trend. Set a SL of 60 pips, at the swing low. Risking 1% of account balance if SL is hit.

The A/N trade I am hoping will last a bit longer, lol. SL @ 1.31370, just a few pips outside the SHI channel. Risking 1% of account balance if SL is hit.
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  • #13,678
  • Nov 21, 2011 6:50pm Nov 21, 2011 6:50pm
Quoting sativa11
Sorry, this is the attachment.
Sativa, can you attach your arrow indicator or at least tell us its name? As it is, I cannot tell if I've used it or not.

Thanks.
  • #13,679
  • Nov 21, 2011 8:44pm Nov 21, 2011 8:44pm
yes forexidiot those are my TDI settings, but im not sure why yours is showing different.

Jusiur, yes I do trade anytime of the day and dont really worry about the fundamentals that much except if its really red alert news.

yestderday i got stopped out of my trade EUR/CAD and then when to analyze what went wrong, when i looked at my daily chart, i seen the daily was going long while i went short. To avoid these kinda trades look at daily TF with the daily channel and the 4H must be in the same direction as the daily for a higher success trade.

For example the E/A that i took lastweek , the 4H was in the same direction when i traded that pierce of the blue bands.
X-man the legendary conqueror of markets
  • #13,680
  • Nov 21, 2011 9:25pm Nov 21, 2011 9:25pm
hey guys

Another tip for successful trading : If you go to your channel settings and set the view at daily only, like the chart i attached to this post then you go to the 4H chart with the daily channel you will notice that you will be able to see the trends that happens for most of the month.
There are arrows that show you where not to trade the bounces off the 60 EMA because the trend is changing when PA bounces off the daily channel then crosses over the EMA and set a new trend in the other direction.
This is not a prediction of PA its just a general overview where PA might go so a trader is not completely lost.
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X-man the legendary conqueror of markets
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