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Trading Made Simple

  • #14,201
  • Dec 21, 2011 4:49am Dec 21, 2011 4:49am
Hi all,
Thanks to Big E, as he share and teach us about this system. I've follow this thread since 2/3 days ago, and I found this is the best method and suit to me. As I trade Gold, No More Fear about Volatility. Even I entry at the midway, by taking into account when looking at bigger tf such as h4 and daily, I still grab some profit. Hope anybody , can post for Gold or discuss it too. I found that this system suit to any pair, thanks again Big E. I will try to post my chart as soon as possible when I get the setup, as I closed all at 6.30 p.m my time( around 6.30 a.m US time) As intraday trader, I will wait for the retracement first, and if there is a setup, tonite during US session, I will post my chart.

Thank to all to clear my mind which I thought trade is so hard, but actually it is so simple..Great job Big E!!
  • #14,202
  • Dec 21, 2011 7:54am Dec 21, 2011 7:54am
Closed
EUR/USD short +27.
GBP/USD - I don't enter because timeout (6 am pacific).
Greed and fear kills traders
  • #14,203
  • Dec 21, 2011 8:01am Dec 21, 2011 8:01am
Quoting endy231
Please i have been search for the very last indicator which you displayed on your chart. it displays 1hour 4hours and daily trends. please kindly post the indicator so i can download. thanks
Hi!
I attached the indicator,you need to configure the settings (if you want),but works best with longer time frames (H1 and so on). My settings is decribed in the screenshot below.
Attached Image
Attached File(s)
File Type: ex4 TMS-Osc Histo 3TF v1.02.ex4   15 KB | 731 downloads
Work smarter,not harder
  • #14,204
  • Dec 21, 2011 8:16am Dec 21, 2011 8:16am
Any thoughts on the EURUSD? This is the second candle of the 4H chart.

I also attached what the 1H chart looks like. The 1H looks like it may be turning soon. I find this often and then I get stuck on whether to pull the trigger or not on the 4H.....
Attached Images
  • #14,205
  • Dec 21, 2011 8:27am Dec 21, 2011 8:27am
Quoting smatthew
Up on most

The screenshot shows H1 charts, but the trades were taken on D1.
Could you tell me which indicator is used for the blue channel lines you have.

Thanks.

Gez.
Seek not to change the world; seek only to change your mind about the world
  • #14,206
  • Dec 21, 2011 8:28am Dec 21, 2011 8:28am
Quoting msc400
Any thoughts on the EURUSD? This is the second candle of the 4H chart.

I also attached what the 1H chart looks like. The 1H looks like it may be turning soon. I find this often and then I get stuck on whether to pull the trigger or not on the 4H.....
I too have the same problem, I see a setup on one TF but get a conflicting or nonconfirming on another. Someone posted, and it may be in the other related thread, that he/she only looks at the TF where the setup is shown. I am trying to force myself to do the same but still peek every now and then at a lower TF. Maybe just enter solely on one TF and then monitor on the next lower. Still trying to perfect my entry and exit.
  • #14,207
  • Dec 21, 2011 8:42am Dec 21, 2011 8:42am
Quoting gez40
Could you tell me which indicator is used for the blue channel lines you have.

Thanks.

Gez.
smatthew is using the polynomial regression channel. he posted it a few pages back but for ninja trader. I am sure its out there for meta trader if that's what you use.
  • #14,208
  • Dec 21, 2011 8:46am Dec 21, 2011 8:46am
Quoting msc400
Any thoughts on the EURUSD? This is the second candle of the 4H chart.

I also attached what the 1H chart looks like. The 1H looks like it may be turning soon. I find this often and then I get stuck on whether to pull the trigger or not on the 4H.....
Hi msc400, that is the best setup for the PA & TDI that you should lookout for.
  • #14,209
  • Dec 21, 2011 8:53am Dec 21, 2011 8:53am
Quoting msc400
smatthew is using the polynomial regression channel. he posted it a few pages back but for ninja trader. I am sure its out there for meta trader if that's what you use.
Thanks, looks like a handy indi to have.
Seek not to change the world; seek only to change your mind about the world
  • #14,210
  • Dec 21, 2011 10:20am Dec 21, 2011 10:20am
Quoting msc400
Any thoughts on the EURUSD? This is the second candle of the 4H chart.

I also attached what the 1H chart looks like. The 1H looks like it may be turning soon. I find this often and then I get stuck on whether to pull the trigger or not on the 4H.....
msc400... If you follow the rules strictly then you would have to put your stop loss at the top of the previous wick.. Way to far away for me to enter..

Just my thoughts.
If you want to pick up a lot of pips..... Hedge my trades!
  • #14,211
  • Dec 21, 2011 10:26am Dec 21, 2011 10:26am
My mistake a 3am this morning. Shorting the USD/JPY. I entered the opening of the H4 to the right of the red verticle line. It looked like a bounce trade. Bad entry the previous candles were not strong at all and had wicks on top and bottom. I was careful and put my stop in close. I got stopped out for -9 pips..
Attached Image (click to enlarge)
Click to Enlarge Name: uj short.gif Size: 24 KB
If you want to pick up a lot of pips..... Hedge my trades!
  • #14,212
  • Dec 21, 2011 10:32am Dec 21, 2011 10:32am
My other trade at 3am EST was another forced bounce trade. I entered at the opening of the GBP/JPY candle to the right of the red verticle line for a long position. I woke up this morning with flat TDI and closed the trade. -7 pips.

There was definite price resistance looking left on the chart. I should have never entered.

Oh well gave some of the 141 pips I got yesterday back.
Attached Image (click to enlarge)
Click to Enlarge Name: gj long.gif Size: 25 KB
If you want to pick up a lot of pips..... Hedge my trades!
  • #14,213
  • Dec 21, 2011 4:21pm Dec 21, 2011 4:21pm
I was thinking that since everyone left this thread for x mans maybe us guys that trade the Tms using the daily charts should start our own thread so we can exchange info and what not.Who is down with this?
  • #14,214
  • Dec 21, 2011 4:38pm Dec 21, 2011 4:38pm
Quoting FoxTraderGBP
Hi smatthew,
do you trade with AUD/NZD? But this pair has too large of spread.
If I go below lotsize 0.25 then yes, the spread is too big.
For 0.25 and above the spread isn't bad (see screenshot).

IB routes small trades to their IDEAL network. Even though the name suggests otherwise, the spreads are horrendous: more than 10 pips on alot of pairs.
Larger trades are routed to their IDEALPRO network providing smaller spreads.
Attached Image (click to enlarge)
Click to Enlarge Name: spreads.PNG Size: 58 KB
Financial independence is what I live for
  • #14,215
  • Dec 21, 2011 4:56pm Dec 21, 2011 4:56pm
Quoting kingclarence
I was thinking that since everyone left this thread for x mans maybe us guys that trade the Tms using the daily charts should start our own thread so we can exchange info and what not.Who is down with this?
I prefer the daily charts and would love to be part of our own TMS daily TF charts. I feel it could be very lucrative.
  • #14,216
  • Dec 21, 2011 6:54pm Dec 21, 2011 6:54pm
Quoting kingclarence
I was thinking that since everyone left this thread for x mans maybe us guys that trade the Tms using the daily charts should start our own thread so we can exchange info and what not.Who is down with this?
I would join for the learning experience as I have not been too successful on the D. mainly because my new D. starts in the afternoon. But I would contribute as best as I can.
  • #14,217
  • Dec 21, 2011 7:37pm Dec 21, 2011 7:37pm
Quoting kingclarence
I was thinking that since everyone left this thread for x mans maybe us guys that trade the Tms using the daily charts should start our own thread so we can exchange info and what not.Who is down with this?
Great idea! Count me in.
  • #14,218
  • Dec 21, 2011 8:15pm Dec 21, 2011 8:15pm
Quoting kingclarence
I was thinking that since everyone left this thread for x mans maybe us guys that trade the Tms using the daily charts should start our own thread so we can exchange info and what not.Who is down with this?
I am for this although I seldom post. Count me in.
  • #14,219
  • Dec 21, 2011 10:33pm Dec 21, 2011 10:33pm
Quoting kingclarence
I was thinking that since everyone left this thread for x mans maybe us guys that trade the Tms using the daily charts should start our own thread so we can exchange info and what not.Who is down with this?
Great idea, I am also game for a Daily charts thread.
Much depend on luck, but the more you practice the luckier you get! NT & GP
  • #14,220
  • Dec 22, 2011 1:59am Dec 22, 2011 1:59am
Quoting kingclarence
I was thinking that since everyone left this thread for x mans maybe us guys that trade the Tms using the daily charts should start our own thread so we can exchange info and what not.Who is down with this?
Hello kingclarence,

Thanks for showing your successful strategy on trading the Daily charts with TMS. I'm interested in developing my knowledge of this so a thread devoted to it would be useful.

To all UK readers: due to the size of the stops required in trading the Daily charts, I'm going to start very small. I recently saw an ad for a broker offering trading at 10 pence per pip but at the time I dismissed it as something I did not need. However, I do now. Does anyone know a broker who offrers trading as low as 10 pence per pip?

Thanks,
Kan
Thanks for your help, warmth and straight talking Heather.
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