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Trading Made Simple

  • #14,261
  • Dec 28, 2011 4:41am Dec 28, 2011 4:41am
Quoting migmac
Hi,

I have just made my second trade using TMS, is this a valid entry? what do you think?
TDI and price action is too flat. Wait until new year if I was you.
  • #14,262
  • Dec 28, 2011 4:58am Dec 28, 2011 4:58am
FoxTraderGBP and willf,

Thank you for your reply, I undestand, I am using a demo account, at the moment I am just trying to understand how to properly use the TMS strategy

Thank you
  • #14,263
  • Dec 28, 2011 8:11am Dec 28, 2011 8:11am
Quoting migmac
Hi,

I have just made my second trade using TMS, is this a valid entry? what do you think?
You have a good cross but I think most of us would avoid trading in a flat market as seen on your chart even if this were a normal trading week ie Nov. or the coming Jan. And I would hesitate too because of the stochastic reading. Just my own opinion.
  • #14,264
  • Dec 28, 2011 8:20am Dec 28, 2011 8:20am
if I were you I would just trade in start of London session and until end of London session. Do not trade on holiday. I will also investigate more once upon a time when I was more junior I couldnt make this system work. Now I am bit more experienced I will investigate this more. Hope it works.
Your Personal Forex Companion + Forex Program Developer + Forex Mentor
  • #14,265
  • Dec 28, 2011 11:52am Dec 28, 2011 11:52am
I have set up my chart with indicators on the USD 4H. What do you guys think?

http://i49.photobucket.com/albums/f2...l/chartusd.gif

Does this all look right? I'm about to go short on this, caught it on the first candle - see what happens...
  • #14,266
  • Dec 28, 2011 12:56pm Dec 28, 2011 12:56pm
Quoting Erebus
1. Who says you have to trade 1 Standard Lot every trade?

2. Yes, you have to learn....

3. What you have to learn is POSITION SIZING

4. http://www.earnforex.com/position-size-calculator

Great Tool. Thanks for posting. I was getting tired of working it out on my calculator before entering each trade depending on where my stop was to be placed.
If you want to pick up a lot of pips..... Hedge my trades!
  • #14,267
  • Dec 28, 2011 1:03pm Dec 28, 2011 1:03pm
Quoting petrolhead88
I have set up my chart with indicators on the USD 4H. What do you guys think?

http://i49.photobucket.com/albums/f2...l/chartusd.gif

Does this all look right? I'm about to go short on this, caught it on the first candle - see what happens...
I'm not going to be trading until the new year. To many people on vacation.
If you want to pick up a lot of pips..... Hedge my trades!
  • #14,268
  • Dec 28, 2011 1:32pm Dec 28, 2011 1:32pm
I was kinda hesitant to trade the holidays but i snagged 150 pips last weeks so it wasnt all bad
  • #14,269
  • Dec 28, 2011 1:40pm Dec 28, 2011 1:40pm
Quoting kingclarence
I was kinda hesitant to trade the holidays but i snagged 150 pips last weeks so it wasnt all bad
Hey king, any details on the trades you've taken?

Various pairs have developed some big candles (mostly shorts) today, both crosses and bounces.
I'm thinking about taking some trades in 2 hours when new D1 candles are formed.
Financial independence is what I live for
  • #14,270
  • Dec 28, 2011 2:13pm Dec 28, 2011 2:13pm
Quoting smatthew
Hey king, any details on the trades you've taken?

Various pairs have developed some big candles (mostly shorts) today, both crosses and bounces.
I'm thinking about taking some trades in 2 hours when new D1 candles are formed.
I went short on the Gbp/Aud and the Usd/Cad on the 21st and exited both on the 27th.It was actually Six trades i was considering but passed on them.Like i always do the trades im not sure of i always take them in my demo account just to see what would have happened.I would have gotten 300 pips if i would have taken them.As of right now im not in any trades im gonna check the charts at five to see if anything is going on.
  • #14,271
  • Dec 28, 2011 2:15pm Dec 28, 2011 2:15pm
Quoting kingclarence
I went short on the Gbp/Aud and the Usd/Cad on the 21st and exited both on the 27th.It was actually Six trades i was considering but passed on them.Like i always do the trades im not sure of i always take them in my demo account just to see what would have happened.I would have gotten 300 pips if i would have taken them.As of right now im not in any trades im gonna check the charts at five to see if anything is going on.
Are you only trading Daily TFs King?
If you want to pick up a lot of pips..... Hedge my trades!
  • #14,272
  • Dec 28, 2011 2:19pm Dec 28, 2011 2:19pm
Quoting kingclarence
I went short on the Gbp/Aud and the Usd/Cad on the 21st and exited both on the 27th.It was actually Six trades i was considering but passed on them.Like i always do the trades im not sure of i always take them in my demo account just to see what would have happened.I would have gotten 300 pips if i would have taken them.As of right now im not in any trades im gonna check the charts at five to see if anything is going on.
kingclarence http://www.forexfactory.com/images/s...ser_online.gif
Member

kingclarence http://www.forexfactory.com/images/s...ser_online.gif
Member

kingclarence,

are you using any trade manager robot? how do you manage the trades?

thank you
  • #14,273
  • Dec 28, 2011 2:31pm Dec 28, 2011 2:31pm
Quoting taylor4law
Are you only trading Daily TFs King?
Yeah only the daily
  • #14,274
  • Dec 28, 2011 2:32pm Dec 28, 2011 2:32pm
Quoting migmac
kingclarence http://www.forexfactory.com/images/s...ser_online.gif
Member

kingclarence http://www.forexfactory.com/images/s...ser_online.gif
Member

kingclarence,

are you using any trade manager robot? how do you manage the trades?

thank you
I monitor my trades the old fashioned way no robots lol
  • #14,275
  • Dec 28, 2011 2:33pm Dec 28, 2011 2:33pm
The The gbp/usd pair looks like its making a strong downward move.Might make a nice candle at 5:00pm
  • #14,276
  • Dec 28, 2011 2:52pm Dec 28, 2011 2:52pm
Quoting kingclarence
The The gbp/usd pair looks like its making a strong downward move.Might make a nice candle at 5:00pm
Do you start with an initial stop above the previous candle when short and vice versa when long?
If you want to pick up a lot of pips..... Hedge my trades!
  • #14,277
  • Dec 28, 2011 3:32pm Dec 28, 2011 3:32pm
Quoting kingclarence
I went short on the Gbp/Aud and the Usd/Cad on the 21st and exited both on the 27th.It was actually Six trades i was considering but passed on them.Like i always do the trades im not sure of i always take them in my demo account just to see what would have happened.I would have gotten 300 pips if i would have taken them.As of right now im not in any trades im gonna check the charts at five to see if anything is going on.
Good candles (100+ pips sized), TDI crosses, no immediate support levels..
Financial independence is what I live for
  • #14,278
  • Dec 28, 2011 4:52pm Dec 28, 2011 4:52pm
IMO: big candles, TDI crosses / bounces, no support/resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Positions entered.PNG Size: 30 KB
Click to Enlarge Name: GPBUSD short.PNG Size: 57 KB
Financial independence is what I live for
  • #14,279
  • Dec 28, 2011 8:20pm Dec 28, 2011 8:20pm
Hey, I have been reading this thread for awhile, but with having a day job and family i haven't had time to post. Can someone tell me how they go about trading in my situation.
  • #14,280
  • Dec 29, 2011 12:41am Dec 29, 2011 12:41am
Quoting smatthew
IMO: big candles, TDI crosses / bounces, no support/resistance.

Thanks for your helpful posts. Easy to understand and follow.

Somehow, can't locate "Polynomial Regression Channel" in my MT4 Indicators.

Could it be listed under some other name ?

Thanks in advance.
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