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Trading Made Simple

  • #14,301
  • Dec 29, 2011 2:48pm Dec 29, 2011 2:48pm
Quoting smatthew
IMO: big candles, TDI crosses / bounces, no support/resistance.
Status of the trades I entered yesterday

  1. Four of eight positive
  2. One trade broke even (EURHKD)
  3. Three of eight are negative

Attached Image (click to enlarge)
Click to Enlarge Name: Positions entered.PNG Size: 28 KB
Financial independence is what I live for
  • #14,302
  • Dec 29, 2011 2:48pm Dec 29, 2011 2:48pm
Quoting tomthepoppop
I believe after trading on the shorter term I am ready to step up with the BIG BOYs and trade the DAILY. My computer skills are lacking in as much as there is no way for me to post a chart. I just do not know how & at my age if it is too difficult I may not want too anyway. BUT I will share my points of entry, exit, SL, TP etc. Just wanted you to know I am in on the DAily thing. Lets all work together as much as possible & get them PIPS. By the way I am from USA, east coast, North Carolina which I believe is about GMT-6hrs - London opens for...
You are GMT -5 right now. Who's your broker?
If you want to pick up a lot of pips..... Hedge my trades!
  • #14,303
  • Dec 29, 2011 2:53pm Dec 29, 2011 2:53pm
Hey someone start the daily chart thread.I would do it but im lazy lol.Plus my computer skills are weak.I will do my best to contribute and help as much as i can.We can all team up to make as many pips as possible.lets do it!!
  • #14,304
  • Dec 29, 2011 3:11pm Dec 29, 2011 3:11pm
Quoting kingclarence
Ha ha i totally chickened out on that Gbp/Aud trade and ended up with only 150 pips lol i gotta work on that.Good job
just newbie luck ...
  • #14,305
  • Dec 29, 2011 3:37pm Dec 29, 2011 3:37pm
Why is a seperate thread needed for daily trades? The strategy is exactly the same whether it's hourly or a weekly time frame. I think it will just confuse newcomers that daily is somehow different when it's not.

Just my 2 cents
  • #14,306
  • Dec 29, 2011 3:44pm Dec 29, 2011 3:44pm
Quoting willf
Why is a seperate thread needed for daily trades? The strategy is exactly the same whether it's hourly or a weekly time frame. I think it will just confuse newcomers that daily is somehow different when it's not.

Just my 2 cents
I agree...
  • #14,307
  • Dec 29, 2011 3:50pm Dec 29, 2011 3:50pm
is any one using this method on crude?
Tks
  • #14,308
  • Dec 29, 2011 4:09pm Dec 29, 2011 4:09pm
I think having a daily thread is a good idea.That way the people that do can have a place where thats all we talk about.We can post charts and compare notes and discuss trades we took and didnt take amongst each other.Kinda like a team thing.Me personally i am committed to only daily charts so im not really interested in hearing about other time frames.No offense or anything.
  • #14,309
  • Dec 29, 2011 5:03pm Dec 29, 2011 5:03pm
Closed EURSGD (-50), EURUSD (-25) and USDCHF (-30).
TDI's went flat on those trades (see screenshots).

EURSGD: Incorrect trade in the first place. TDI bounced up instead of crossdown.
EURUSD: Just the time of year I guess.. No volume.
USDCHF: Weak entry candle in retrospect.

Left four trades open (GBPNZD-short, GBPUSD-short, GBPJPY-short and EURJPY-short). In their current state, they compensate the three losers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURSGD exit.PNG Size: 54 KB
Click to Enlarge Name: EURUSD exit.PNG Size: 62 KB
Click to Enlarge Name: USDCHF exit.PNG Size: 46 KB
Financial independence is what I live for
  • #14,310
  • Dec 29, 2011 5:33pm Dec 29, 2011 5:33pm
Quoting taylor4law
You are GMT -5 right now. Who's your broker?
Right now I use FXCM but am considering switching to Oanda.
  • #14,311
  • Dec 29, 2011 5:38pm Dec 29, 2011 5:38pm
Quoting smatthew
Closed EURSGD (-50), EURUSD (-25) and USDCHF (-30).
TDI's went flat on those trades (see screenshots).

EURSGD: Incorrect trade in the first place. TDI bounced up instead of crossdown.
EURUSD: Just the time of year I guess.. No volume.
USDCHF: Weak entry candle in retrospect.

Left four trades open (GBPNZD-short, GBPUSD-short, GBPJPY-short and EURJPY-short). In their current state, they compensate the three losers.
You hit it on the head - just a few of us trading. Everybody else started partying early.
  • #14,312
  • Dec 29, 2011 6:05pm Dec 29, 2011 6:05pm
Quoting tomthepoppop
Everybody else started partying early.
Not partying yet; just timid; waiting for the charts to look more "normal".
My favorite crochet hook is size J. It's a J-Hook!
  • #14,313
  • Dec 29, 2011 6:26pm Dec 29, 2011 6:26pm
Quoting kingclarence
I think having a daily thread is a good idea.That way the people that do can have a place where thats all we talk about.We can post charts and compare notes and discuss trades we took and didnt take amongst each other.Kinda like a team thing.Me personally i am committed to only daily charts so im not really interested in hearing about other time frames.No offense or anything.
OK - against my better judgement I have started the thread following the numerous requests from the day chart die-hards.

I will update post #1 periodically as relevant info becomes available as well as any chart set ups that are valid.

Anyone not using TDI as an indicator will probably get blocked as will anyone currently on my ignore list. Looking forward to seeing where this one goes.

Please keep the newbie questions to other threads or at leat use the search function or maybe even Google it - I have little tolerance for folks that refuse to do the ground work - as you will have seen from my previous TMS posts!

http://www.forexfactory.com/showthre...75#post5255075
"To live with Passion, it takes Courage and Grace to survive"
  • #14,314
  • Dec 29, 2011 10:00pm Dec 29, 2011 10:00pm
Quoting Britpip7
OK - against my better judgement I have started the thread following the numerous requests from the day chart die-hards.

I will update post #1 periodically as relevant info becomes available as well as any chart set ups that are valid.

Anyone not using TDI as an indicator will probably get blocked as will anyone currently on my ignore list. Looking forward to seeing where this one goes.

Please keep the newbie questions to other threads or at leat use the search function or maybe even Google it - I have little tolerance for folks that refuse...
You da man
  • #14,315
  • Dec 29, 2011 10:03pm Dec 29, 2011 10:03pm
hi all,

great to see sharing around. I believe every1 knows the TMS method. Thus, shall not elaborate more on it. Thanks to elfranz and others who refined the method along the way.

The more ppl using TMS method, the more probablility of hits 1 will get when we trade TMS method.

Most of my bigger losses are because i didnt stick to the rules and try to time the market and thought it will go my way.

Rmb to stick to rules and use stop loss along the way if not monitoring tight, the big pips will roll in eventually and cover up the losses.

Example:
5 small losses
1 big win cover the losses and bring in minor profits.

Cheers and stick to the rules.
  • #14,316
  • Dec 29, 2011 10:33pm Dec 29, 2011 10:33pm
Quoting kingclarence
You da man
up and running with 21 watchers so far - come join in
"To live with Passion, it takes Courage and Grace to survive"
  • #14,317
  • Dec 30, 2011 3:02am Dec 30, 2011 3:02am
trading is tough today.

lots of whipsaws. using 15min timeframe.
  • #14,318
  • Dec 30, 2011 3:33am Dec 30, 2011 3:33am
Which pair are you trading, firstimer?

Quoting firsttimer
trading is tough today.

lots of whipsaws. using 15min timeframe.
  • #14,319
  • Dec 30, 2011 3:44am Dec 30, 2011 3:44am
Recent trade taken from TDI cross on EURUSD 1H.

Market was slow, but I had other "indications" that the EURO was heading south.

Also, recent fundamentals of EURO has been negative.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 107 KB
  • #14,320
  • Dec 30, 2011 9:54pm Dec 30, 2011 9:54pm
Guys lets stop procrastinating. lets open a new thread for The Trading Made simple strategy strictly for those trading the daily chart...The new trading year is just at the cornner..
Cheers

OH ITS ALREADY OPENED..THANKS GUYS
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