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Trading Made Simple

  • #13,981
  • Dec 6, 2011 11:42am Dec 6, 2011 11:42am
Quoting ahmed1
till now i didnt activate frnds..,better to quit this & come on any other genuine web site for discuss & chat?
I think Skype is easy and suitable.

arasheed
  • #13,982
  • Dec 6, 2011 12:51pm Dec 6, 2011 12:51pm
Quoting kingclarence
My approach is to keep it simple as possible. I trade the daily charts and all I have is the original tdi The one with the bands and the heiken ash candles...thats it.
With this approach i managed to make Over 2000 pips last month.I actually got out of some of my trades early so i would have gotten even more.
Kingclarence - I have been trying the daily and H4 without too much success. I can only trade at 0600, 1800 and 2200 GMT ie; outside the London open - are you trading the London Open?
  • #13,983
  • Dec 6, 2011 1:34pm Dec 6, 2011 1:34pm
Quoting kingclarence
I def dont think more indicators is the answer.Its like i read in that book millionaire traders.The currency trader guy said that with enough studying you can be very profitable off one indicator.

My approach is to keep it simple as possible.I trade the daily charts and all i have is the original tdi The one with the bands and the heiken ash candles...thats it.

Before when i woke up sometimes i would try to mess around with the one hour or 15 minute time frames but i have decided to dedicate myself to the daily.I might try the higher ones...
Your Highness, what can you say about the number of trade opportunities?
On H1 and H4 there's at least a couple daily. I've opened 12 D1 charts last Monday, but no crosses thusfar.
What's your take on this?
Financial independence is what I live for
  • #13,984
  • Dec 6, 2011 1:36pm Dec 6, 2011 1:36pm
Quoting TraderJak
Kingclarence - I have been trying the daily and H4 without too much success. I can only trade at 0600, 1800 and 2200 GMT ie; outside the London open - are you trading the London Open?
I trade the daily charts exclusively.I have fxcm as my broker and the new candles repaint everyday at 5:00pm eastern time(us).When using the daily charts it doesnt matter the session although i notice a lot of movement during the london.I enter all my trades at 5:00pm.Honestly i dont think it would hurt though if you entered even as much as ten hours later.Thats just my opinion dont quote.

The reason i started trading the daily is because i live in the eastern united states and couldnt catch the london open.I tried for a while though.I actually used to set my clock and wake up at 1-5-9 and catch the new four hour candles it was torture lol.I even tried the one hour and fifteen minute charts during the new york session and got punished some more lol.I finally decided to try the daily and thats when i started winning.

I didnt jump right in though.I back tested and also demo tested.Plus i had to get used to how slow it is.you gotta be patient.I closed some trades a few days ago and it looks like it might be a week or so before i get any new trades lol

Also i dont want it to sound like im some big successfull trader or something.I only been trading forex maybe four months total.Im not doing anything special just following the system big E was nice enough to give us.

The main things i look for are

1.The tdi cross

2.The angle of the cross.For instance when it comes to a sell order i look for what i would call a nosedive towards the 50 line.I watch a lot of pairs but pass on a lot of trades cause i look for ideal conditions.

3.The size of the candles when it crosses.The bigger the better

4.After that just the basic forex stuff you can learn on babypips

When the tdi crosses i try to find trades where the green line goes down(sell) or up(buy) and almost touches the 50 from wherever its was at whether its the 68 line or the 32.If you look for that combined with nice sized candles you almost cant lose.

I think im gonna start posting charts.It might help some people.I dont see many people talking about the daily tf.
  • #13,985
  • Dec 6, 2011 1:47pm Dec 6, 2011 1:47pm
Quoting kingclarence
...
I think im gonna start posting charts.It might help some people.I dont see many people talking about the daily tf.
Charts would be really helpful.
So you're not paying any attention to stochs or 5EMA?
Financial independence is what I live for
  • #13,986
  • Edited 1:50pm Dec 6, 2011 1:47pm | Edited 1:50pm
Check this chart out.Its three good solid trades on here.I caught the one on the end and got like 500+ pips.I screwed myself and tried to re enter and lost 127 of it back.In fact If you would have caught the one i got and the one before it that would have easily been 1000+ pips for the month off one pair.
Attached Image (click to enlarge)
Click to Enlarge Name: Tdi cross.png Size: 55 KB
  • #13,987
  • Dec 6, 2011 1:53pm Dec 6, 2011 1:53pm
Quoting kingclarence
Check this chart out.Its three good solid trades on here.I caught the one on the end and got like 500+ pips.I screwed myself and tried to re enter and lost 127 of it back.
Do you enter trades on candles beyond the 2nd?
It appears you can't avoid that when you're aiming for those trades where green is coming from 68/32 touching the 50...
Financial independence is what I live for
  • #13,988
  • Dec 6, 2011 1:57pm Dec 6, 2011 1:57pm
Quoting smatthew
Do you enter trades on candles beyond the 2nd?
It appears you can't avoid that when you're aiming for those trades where green is coming from 68/32 touching the 50...
I follow Big E's rules no later that the second candle.It doesnt have to touch the 50 just be making a sharp turn towards it.
  • #13,989
  • Dec 6, 2011 2:08pm Dec 6, 2011 2:08pm
Quoting kingclarence
I follow Big E's rules no later that the second candle.It doesnt have to touch the 50 just be making a sharp turn towards it.
Good stuff! Safe(r) trades while still entering early enough to catch the momentum.
So the only downside would be that you'd have to have the patience of Job before a nice trade comes along, right?
One trade opp a week? Every two weeks?
This would really fit my work situation which is very demanding.
I often don't even have the time to check out the H4 situation.
Financial independence is what I live for
  • #13,990
  • Dec 6, 2011 2:20pm Dec 6, 2011 2:20pm
Quoting smatthew
Good stuff! Safe(r) trades while still entering early enough to catch the momentum.
So the only downside would be that you'd have to have the patience of Job before a nice trade comes along, right?
One trade opp a week? Every two weeks?
This would really fit my work situation which is very demanding.
I often don't even have the time to check out the H4 situation.
Yeah.I dont really take bounce trades but i might do some backtesting and look into it.The other thing is that i watch like 15 pairs and sometimes have four trades going at once.I dont recommend anyone else do that but it works for me.I backtested and demo tested it.

Your right though.Daily you gotta be patient.lol it was annoying it first but i love not sitting in front of the computer all day.Its cool to go to bed and wake up having gained 300 pips and your trades are still going.
  • #13,991
  • Dec 6, 2011 2:34pm Dec 6, 2011 2:34pm
Quoting kingclarence
Yeah.I dont really take bounce trades but i might do some backtesting and look into it.The other thing is that i watch like 15 pairs and sometimes have four trades going at once.I dont recommend anyone else do that but it works for me.I backtested and demo tested it.

Your right though.Daily you gotta be patient.lol it was annoying it first but i love not sitting in front of the computer all day.Its cool to go to bed and wake up having gained 300 pips and your trades are still going.
I'm certainly going to give D1 a try using your approach!
Thanks for sharing your D1 experiences.

I'm on demo for almost a year now and will continue demoing until I've sufficient capital to handle the large stops at D1 (2% risk with min. lotsize at Interactive Brokers about 0,25).
Fortunately D1 lends itself better for backtesting than the smaller TF's.
Smaller TF's require those lightning fast ninjaskillz and insight possessed by blessed souls as Phx62, Britpip7 and the creator of this thread.
Financial independence is what I live for
  • #13,992
  • Edited 2:59pm Dec 6, 2011 2:51pm | Edited 2:59pm
Quoting smatthew
I'm certainly going to give D1 a try using your approach!
Thanks for sharing your D1 experiences.

I'm on demo for almost a year now and will continue demoing until I've sufficient capital to handle the large stops at D1 (2% risk with min. lotsize at Interactive Brokers about 0,25).
Fortunately D1 lends itself better for backtesting than the smaller TF's.
Smaller TF's require those lightning fast ninjaskillz and insight possessed by blessed souls as Phx62, Britpip7 and the creator of this thread.
Yeah give it a shot.I might add though its Big E's method not mine i just do it slightly different from other people.He really did all the hard work of coming up with the system.He made it flexible so it leaves room to play around with.All we got to do is follow it.The tdi is the big thing.As you can see on my charts The heiken ash candles and the tdi is all i use.I had the stochastics for a while but eventually decided i didnt need it.Especially after reading that book millionaire traders when the guy said one indicator will work if you know it well enough.That inspired me to keep it simple.I guess my approach could be called trading made simple made even simpler.lol

As far as phx,brit pip,and big E.I learned from looking at their charts.I must have looked at all their charts and read all their posts lol.
  • #13,993
  • Dec 6, 2011 3:29pm Dec 6, 2011 3:29pm
Quoting smatthew
Your Highness, what can you say about the number of trade opportunities?
On H1 and H4 there's at least a couple daily. I've opened 12 D1 charts last Monday, but no crosses thusfar.
What's your take on this?
I have a full time corporate job and live in EST zone. I don't trade anyting less than 8HR or daily timeframe. I normally look at my charts at 5 PM EST and around 8 AM EST. Atleast to me, even the broker time and candle doesn't mean anything as I look for the places where price turn around.

If you trade long term TF you can still make the same pips, the only difference is the number of trades. You can make 1000 pips a month out of 2 daily trades or 50 4hr trades. The number of trade whether 50 or 20 is a trader's choice. The only downside with larger TF is that a trader has to set SL much larger than smaller TFs.

I have posted couple of my previous trades last week and since then I didn't trade because I am still in the waiting mode. I know traders are still making pips during this consolidation time but I prefer to wait till price is start getting some direction.

Just my opinion.
Forex is boring but profitable with patience and discipline
  • #13,994
  • Dec 6, 2011 3:38pm Dec 6, 2011 3:38pm
hy,
wich are you settings on the stochastik color v 1?
Quoting cce
I'll attempt to post the current template set up I'm using. Included are indies I use. Set to default. Included a pic as well. Change the colors as you like. Test loading worked ok for me. I'm using FXDD platform.
Good trades to all.
Cheers.
Cliff
  • #13,995
  • Dec 6, 2011 4:02pm Dec 6, 2011 4:02pm
Quoting prftablefool
I have a full time corporate job and live in EST zone. I don't trade anyting less than 8HR or daily timeframe. I normally look at my charts at 5 PM EST and around 8 AM EST. Atleast to me, even the broker time and candle doesn't mean anything as I look for the places where price turn around.

If you trade long term TF you can still make the same pips, the only difference is the number of trades. You can make 1000 pips a month out of 2 daily trades or 50 4hr trades. The number of trade whether 50 or 20 is a trader's choice. The only downside...
Your opinion is ok, every person have their own trading time frame. 5 minutes, 4hour, daily etc etc....

May I ask you How much (margin/percentage) of your total account do you put per trade with that 8 hour/daily TF?
  • #13,996
  • Dec 6, 2011 4:35pm Dec 6, 2011 4:35pm
Quoting adianto
Your opinion is ok, every person have their own trading time frame. 5 minutes, 4hour, daily etc etc....

May I ask you How much (margin/percentage) of your total account do you put per trade with that 8 hour/daily TF?
Normally I take a trade with 2% of my account balance and adjust the lot size accordingly. However, this percentage sometimes vary if I see a very good setup with high probablity.

Hope this helps.
Forex is boring but profitable with patience and discipline
  • #13,997
  • Dec 6, 2011 4:43pm Dec 6, 2011 4:43pm
EUR/CAD
GBP/JPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Short EURCAD.PNG Size: 54 KB
Click to Enlarge Name: Short GBPJPY.PNG Size: 49 KB
Financial independence is what I live for
  • #13,998
  • Dec 6, 2011 6:46pm Dec 6, 2011 6:46pm
Quoting BobbyJ
Hey guys, I thought I'd set up a little chatroom for everyone who is trading with the TMS system. Might be a good opportunity to discuss anything related to the system in real time.
If enough people join this chat it could prove really helpful.

http://express.paltalk.com/index.html?gid=1429950431

Cheers,
BobbyJ
@ bobby

how to joint the paltalk?
how to find yr address ?
pls advise.

lucky
  • #13,999
  • Dec 6, 2011 10:39pm Dec 6, 2011 10:39pm
Quoting luckypips
@ bobby

how to joint the paltalk?
how to find yr address ?
pls advise.

lucky
i have a problem on that too. whats the channel that we sahll join?
  • #14,000
  • Dec 6, 2011 10:41pm Dec 6, 2011 10:41pm
Hi All,

I just wonder, when i trade during sydney and tokyo times, it just seems that i lost almost all the trades looking for green cross red but somehow i still lost. But when i trade during london and new york session is the other way round! is there any explaination for this?
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