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Trading Made Simple

  • #15,681
  • Mar 2, 2013 2:59am Mar 2, 2013 2:59am
Goodmorning Winner,

I used to use a lot of moving averages (exp. 20, 50, 100 & 200).
Believe it or not I found that I followed them to much and I was being to rigid.
So I took them off. Now I just eye ball it. If it looks like a down-trend, it's
a down trend. If it looks like a up-trend, it's a up trend.

I used to counter trend trade alot. They look so easy...but for most
of them I was lucky if I broke even. They are so unpredictable, you
never know when they will turn against you. A few times I've had to hold
onto a trade for a couple of days just to get it in profit. ( I hate losses),
I would much rather hold a position going with the trend than against it.
Trend trading in my mind means it will eventually get there. Counter
trend trading, who knows...Another thing...if you can't tell which direction
it's going, "beats me where it's going". Don't trade and lose your money.

The secret to this is...learning to read price action (only using synergy apb)
and learning to read the TDI indicator. Once you learn how to read
the 2 indicators and get a really good feel for the market then you can
play with it a bit more.

Hope I helped you.

snarlyjack
  • #15,682
  • Mar 2, 2013 3:04am Mar 2, 2013 3:04am
Quoting Winner1245
Hi snarlyjack,
I read your previous posts.
You said that you follow the trend and never counter trend.
With apb bars on chart how to detremine trend?
and when you will confirm that the previous trend has reversed??
Do you use some kind of moving average to filter your entries (like 200ma or 60ma ) or you just watch the tdi ??
Because if i enter every tdi cross on 4hour chart,I see a lot of crosses but some of them(mostly counter trend ones ) get whisawed, when will i know exactly to enter??Im currently using a 60ma as filter. If bars are below...
Winner1245,

If you get into every cross and get wipshaw... try reading the post #3424 by 2scoop.
That'll give you a general idea.

There's no guarantee to make 100% profit all the time in the market.
The rules is set, example is give, though not 100%
The rest will depend on our understanding to make things right.
Banker please return my pipins.
  • #15,683
  • Mar 2, 2013 3:07am Mar 2, 2013 3:07am
Hi snarlyjack,

really appreciate your time and help on the Thread - thank you.

You mention trading in the direction of the trend. Many people have many different ways of defining trends either in the one TF or over multi TF's, may I ask how you personally define trend?

Many thanks for your time and help, have a great weekend.

Nick
  • #15,684
  • Mar 2, 2013 3:20am Mar 2, 2013 3:20am
Hi Nick,

I don't like trading against the daily or the 4 hour charts. The 1 hour chart
I don't pay alot of attention to it.

The first thing I will do is look at the daily. The daily will kinda set
the tone for the evening. If I have to hold a trade for a couple of days,
(not that I want to...but in case of a emergency...I want to be trading
in the direction of the daily). Then...I will look at the 4 hour chart to
see how it's moving. If I like the movement I'll enter my position.
8 hours later or 2 four hour bars (when I get up) I'll check the 4 hour
bar and see how it's going. Then I'll drop down to the 1 hour chart
(n/y time) and fine tune the exit. For the most part I'll be looking
to exit my position within 2 hours of the N/Y open.

Hope I helped...

snarlyjack
  • #15,685
  • Mar 2, 2013 3:34am Mar 2, 2013 3:34am
Quoting snarlyjack
Hi Nick,

I don't like trading against the daily or the 4 hour charts. The 1 hour chart
I don't pay alot of attention to it.

The first thing I will do is look at the daily. The daily will kinda set
the tone for the evening. If I have to hold a trade for a couple of days,
(not that I want to...but in case of a emergency...I want to be trading
in the direction of the daily). Then...I will look at the 4 hour chart to
see how it's moving. If I like the movement I'll enter my position.
8 hours later or 2 four hour bars (when I get up) I'll check...


I intupretrate Nicks question that he wonders how you determen if it is a trend and in what direction up down or sideways do you use the tdi for example or higher highs higher lows ?


Best regards
  • #15,686
  • Mar 2, 2013 3:35am Mar 2, 2013 3:35am
Nick,

It's 2:30 a.m. here and it's way past my bedtime...

But if you look at the daily eur/usd. The TDI is at level 32.
It could go lower but it's starting to get oversold.
We'll know more after the Asia session on Sunday night.

Goodnight

snarlyjack
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  • #15,687
  • Mar 2, 2013 3:38am Mar 2, 2013 3:38am
Thank you for your replies Snarlyjack and babyboy.
I get the basic idea now. I look at EURUSD daily
Its going down. So i should prefer only short entries on a 4hr chart.
Apb bars sizes (small bars =no big movement ) , Is tdi (green) above 68(then avoid long), Below 32(avoid short) . I guess these rules will just keep me out of consolidation's and counter trend.
I will be doing a lot of demo and keep posting in this thread . My main idea is to trade the daily chart using TDI . I will look into Britpip's thread also
Thanks.
  • #15,688
  • Mar 2, 2013 3:43am Mar 2, 2013 3:43am
To the room...

Here are some Point of Interest, while I'm reading the thread.... posted by 2scoop.


"I've been doing some work this weekend to identify where most TMS method setups fail.

1, Trading in consolidation (avoid flat lines small candles)
2, Ignoring trend (including ignoring trend lines and strong areas of support and resistance)
3, Trading on weak setup candles (see below).
4, Ignoring the core TMS rules (trading late after the cross, TDI angle incorrect or no stochastic agreement etc)

On the subject of setup candles this is my take on it:

We judge the strength of the setup candle by measuring the size of its "real body":

Real body is less than 10 pips = weak (avoid)

is 10-20 pips = medium (trade)

is 20 pips plus = strong (trade)

Also were cautious of trading smaller candles with long upper and lower wicks."

"I think what BigE has give us is a pretty damn easy system really - he's given us the trigger point (the TDI cross), he's told us to stay out of consolidation , flat TDI, Flat EMA or small 2/3 candle moves up and down stay out its a tight range stay well clear. He's even given us a shape to look out for that a 5 year old could understand (the rollercoaster). That for me is 99% of the method right there follow this advice and your on the right road.

The last bit is where the money is made, the forex basics, watch S&R, way up the trend, how strong is the candle, how strong was the last reversal etc etc.

What I'm beginning to understand is some weeks the 4HR is quiet (choppy). You need to drop down a timeframe if your struggling to find the really sweet setups, don't be tempted to just settle for the iffy ones on the 4HR."
Banker please return my pipins.
  • #15,689
  • Mar 2, 2013 4:40am Mar 2, 2013 4:40am
Quoting Babyboy

...........
...........
What I'm beginning to understand is some weeks the 4HR is quiet (choppy). You need to drop down a timeframe if your struggling to find the really sweet setups, don't be tempted to just settle for the iffy ones on the 4HR."

May I disagree? Either you decide to trade the H1s or the H4s - but don`t junp timeframes --- switch the underlying/pair!! Just watch 8 pairs and find a pair that fulfills all conditions. Otherwise just stay out. Don`t force things.

Just my 2 cts.

Regards
  • #15,690
  • Mar 2, 2013 4:53am Mar 2, 2013 4:53am
Well,

To a certain, I do agreed that we dont jump tf to trade. We stick to 4hrs.

Well, just a point of interest that I find it interesting when I goes thru the thread.

We can just ignore the nottom part.
Banker please return my pipins.
  • #15,691
  • Mar 2, 2013 9:06am Mar 2, 2013 9:06am
Hi snarlyjack,

much appreciated. Thank you for your insight.

All the best.

Nick




Quoting Winner1245
Thank you for your replies Snarlyjack and babyboy.
I get the basic idea now. I look at EURUSD daily
Its going down. So i should prefer only short entries on a 4hr chart.
Apb bars sizes (small bars =no big movement ) , Is tdi (green) above 68(then avoid long), Below 32(avoid short) . I guess these rules will just keep me out of consolidation's and counter trend.
I will be doing a lot of demo and keep posting in this thread . My main idea is to trade the daily chart using TDI . I will look into Britpip's thread also
Thanks.
  • #15,692
  • Mar 3, 2013 4:41am Mar 3, 2013 4:41am
hello snarlyjack,
I Thank You for your good advice, I have a question you watch the day to see the trend ok, but the entrance is h4 expect that you always crosses tdi?
  • #15,693
  • Mar 3, 2013 8:52am Mar 3, 2013 8:52am
Thomi,

Goodmorning,

When I make my entry, I will check the trend direction on the daily chart then
go to the 4 hour chart to make my entries. I will wait for a full crossing of
the tdi indicator (green through red). If you don't you might get a bounce
trade where the green bounces off of the red.

Different people trade it differently. Some people are pretty aggressive and
will trade off of the hook or on a pull back of the wick. Myself, I'am pretty
conservative so I trade when the synergy bar changes color (candle 1 or 2)
and the tdi (green goes through red) for conformation.

It all depends on your risk tolerance how you trade this. Some people
are trading this system on the 1,5,15,30 1 hour and daily charts. But most of
these people sit in front of their computer through the whole trade and
monitor it. Some people add all kind of stuff to their charts, some
people (myself) take just about everything off. The beauty of this system
is you can personalize it to make it yours.

Hope my opinion helps you out...

snarlyjack
  • #15,694
  • Mar 3, 2013 12:46pm Mar 3, 2013 12:46pm
Thank you for your reply but when you say "The last three night's I
Took 40 points on Tuesday night, 70 points on Wednesday night and another
48 points last night shorting the euro / dol for a total of 158 points. There is one cross tdi yet three trades, what made ​​you go again on Wednesday and Thursday?
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  • #15,695
  • Mar 3, 2013 1:41pm Mar 3, 2013 1:41pm
Thomi,

The short answer is, price action of the synergy bars!

My way of trading is: I'll make my entry on the cross of the tdi indicator
at night then 8 hours later I'll exit. I don't like holding my position through
the N/Y session.

The next night, if it still looks like it's going down (continuation trade). Based
on the daily chart (tdi) and the 4 hour chart (tdi) I'll reenter with a new
emergency stop loss. I did that 4 nights in a row and ended up making 500 pips.

It doesn't always work out so nice and clean like this. But this time it did.
If you look at the daily chart you can see the eur/dol was crashing and burning
pretty hard. A counter trend position would have been a disaster.

The question now, has the eur/dol bottomed or is their more downside
movement to come? You need to count the number of red synergy bars. The usual
synergy bar movement will be between 3-8 candles in length. In my opinion,
any more movement to the downside, at this time would be a high risk trade.
We'll have to wait and watch...

These are my opinions, hope they help you.

snarlyjack
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  • #15,696
  • Mar 3, 2013 2:14pm Mar 3, 2013 2:14pm
Hello eelfranz,

Even though I put my name to your blog, did not do anything on Forex Trading. Now after reading so many articles on Forex, I have taken some interest and besides I am retired and have bit of time to my disposal. You mentioned in your blog that you want to help folks like me and wanted my phone number and here it is : 604-585-4724 and I follow PST. I will open my demo account with FXDD today and wait for your call. I really thanks for your consideration.
  • #15,697
  • Mar 3, 2013 6:59pm Mar 3, 2013 6:59pm
cbpais,

I'am not Eelfranz, Eelfranz has died. I'll try to help you...first of all I can't
call you (sorry). If I were you I would read everything that Eelfranz wrote.
If you spend some time reading, studying and demo trading this system,
it will help you on your road to success at forex trading.

Should you have questions as your studying the system please feel
free to post them. If you have questions about the system, I'am
sure that other people do. Their is a large group of traders trading
this system and I'am sure that someone can answer your questions.

Best of luck in your reading, studying and demo trading...

snarlyjack
  • #15,698
  • Mar 3, 2013 7:31pm Mar 3, 2013 7:31pm
cbpais,

I read your forex forum profile. You are very new to forex, which is ok...we
were all new to forex at one time or another.

I would suggest that you start your studying at (babypips.com). Babypips.com
has a school for new forex traders that is very educational and very well
put together. When I first started to learn forex trading I went to babypips.com
and went through the course. I learned a great deal and I highly recommend
babypips.com to all new traders or traders who need a refresher course!

After you finish your studying at babypips.com and have learned the basics
of forex, come back here and we'll (forex factory) try to help you to more success.

Best of luck in your studies...

snarlyjack
  • #15,699
  • Mar 3, 2013 9:42pm Mar 3, 2013 9:42pm
I thought you might enjoy this...
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  • #15,700
  • Mar 3, 2013 10:11pm Mar 3, 2013 10:11pm
Another picture that is pretty good...
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