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Trading Made Simple

  • #15,761
  • Mar 5, 2013 10:43pm Mar 5, 2013 10:43pm
Quoting Babyboy
You can modify the values preset in the synergy mq4 file or you can use the attached file.

Hope it's help.
Hey Babyboy..

Great!..Big thanks for your help on this!

Cheers,
Adrian
  • #15,762
  • Mar 5, 2013 10:44pm Mar 5, 2013 10:44pm
Quoting snarlyjack
Empowers,
Trading takes time to learn (baby steps). You can't run before you can walk.
It's like anything else in life (it takes time to learn how to play baseball) you
gotta keep trying. The big secret is: Don't ever give up, don't quit trying,
keep learning and perfecting your skills.

It's like golf, it takes time to master your swing. Or riding a motorcycle, it
takes time to learn how to balance and turn.
snarlyjack
Glad to see you are doing well. I've been giving this system a shot now for about two weeks, and have had very little success. I haven't seen many set-ups at all, maybe it is the way I am approaching things. I live in Calif, and have been looking to place my orders around 10pm... and have seen few crosses. I think at this point, to have success with TMS is to be able to check your charts every four hours, it that is possible. For me, it isn't. I'm not up at midnight or 4am... and am at work at 8am and 12pm, so do you think this is the problem? Of course if I look at the charts historically, there are all sorts of setups. I don't know, maybe I am just rushing things....
  • #15,763
  • Mar 5, 2013 10:45pm Mar 5, 2013 10:45pm
Alright, so I've been following this thread for a little over a month, but I'm still having trouble figuring out when the TDI cross is legitimate. In this case, TDI crossed and I entered given that the angle looked pretty good. The candle had crossed the 5 Moving Average and I thought the length of the candlewick indicated that the price action was going to take GU lower. Is there something I missed?

Also, what are some ways you can prevent getting into a "false" TDI cross? I made the same mistake on USD/CHF as well.


Anyways this is a great thread and, though I don't contribute much, I wanted to say thanks!
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  • #15,764
  • Mar 6, 2013 12:03am Mar 6, 2013 12:03am
There's nothing wrong with the method, I believed.

At the point of the entry, it definately a good angle. But in the big picture, you can see many pairs are heading towards sideways.
Yesterday UJ SL50 hit. Predicted before I went to bed.

Furthermore, the trading volumes rather low. As compare back to the previously. I'm not taking any risk to trade today, even there's signal.
Will wait till the price break apart. AU/NU still have some rooms. But no entry. Maybe later, tomorrow or day after tomorrow.
Banker please return my pipins.
  • #15,765
  • Mar 6, 2013 12:07am Mar 6, 2013 12:07am
Quoting snarlyjack
Empowers,

In my mind (?) I trade almost exactly how Big E traded (?). If their is a
difference, that difference would be I check the daily chart for trend
direction. And, I like to trade with the trend.

I'am not exactly sure that Big E traded with the trend. He seemed to
take some trades when the TDI was at levels 68 & 32 going against
the trend. You also must remember that Big E was a pretty aggressive
trader. Lot's of countertrend trades.

Big E had been studying charts and trading for a long time (years). He had a
pretty good natural...
Hi snarlyjack,

Firstly, thank you for sharing all your knowledge and experience and answering all the questions. It is great that we still have someone who are educated in Big E's original TMS way of trading. Its great that the thread is living again.

Also, thanks to Empowers.......you are asking a lot of the same questions I were about to ask.

snarlyjack, I just want to pick your brain a bit more about how you determine trend. I know you said you gave up on MA's etc to show you the trend direction. You said lately you just eye ball the chart and see if the trend looks up or down. But you also mentioned that you watch the daily for trend direction and that you don't trade against the daily trend. But I think you also mentioned something which sounds like you read the daily TDI as well as well as its location in relation to the 32 and 68 levels.

So while I have a fairly good idea how you determine trend, I am not 100% sure how to implement that on a practical level. Could you please elaborate a bit more on trend determination and maybe if you could post 1 or 2 daily charts indicating what you look for on there with regard to trend determination.

Thank for all your help, you and a couple of experienced traders are filling the void left with the sad departure of Big E.

Cheers.
  • #15,766
  • Mar 6, 2013 12:48am Mar 6, 2013 12:48am
Boerseum,

Thanks for your support!

1). The first thing I do is look at the daily chart. Let's say the eur/usd (my favorite)
what I see in the daily is in a hard downtrend with a little bounce (a 2 day bounce).
So...I'am looking for a short position.

2). Then I'll look at the 4 hour chart. What I see is a counter trend move to the upside.

3). So daily is in a downtrend and the 4 hour chart is bouncing up. (Conflict) (mixed messages).

4). The question becomes...what to do? My gut (yes-I do a gut check) tell's me the
eur/usd is going down. Do I go long on the 4 hour chart? Or do I wait and watch
looking for a break to the downside. I guess we'll find out soon enough.

5). Not all trades are like this...they are simple straight forward trades...but here we are...

Hope I helped someone

snarlyjack
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  • #15,767
  • Mar 6, 2013 1:01am Mar 6, 2013 1:01am
Ok...

Now if you check the 1 hour eur/usd chart. It looks like the 1 hour is starting to roll over.
I think we'll have our answers soon? That age old question...how long is that string...?

So I look at the daily 50% weight
4 hour chart 40% weight
1 hour chart 10% weight

What we are really trying to do is put the odd's in our favor.
Trading is risky business... we can succeed... but we have to
be smart about it. How would your college professors
approach it with their money? They would analyze it...

snarlyjack
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  • #15,768
  • Edited 1:17am Mar 6, 2013 1:11am | Edited 1:17am
So I don't think there was any movement an hour ago but here is my workspace a la Big E with a cross on the UJ long, and a bounce on the GU short. Also long movement on EJ.

Not taking any trades yet as there isn't really any price action
http://content.screencast.com/users/...03-06_1743.png
http://screencast.com/t/nWPllHNEdR
  • #15,769
  • Mar 6, 2013 1:19am Mar 6, 2013 1:19am
Empowers,

I'am liking the long on the usd/jpy.
It looks like the daily, 4 hour and 1 hour are trending
to the upside. Good on you...your learning...

snarlyjack
  • #15,770
  • Mar 6, 2013 1:30am Mar 6, 2013 1:30am
Awwww thanks! It's words like that that keep me going.

Quoting snarlyjack
Empowers,

I'am liking the long on the usd/jpy.
It looks like the daily, 4 hour and 1 hour are trending
to the upside. Good on you...your learning...

snarlyjack
  • #15,771
  • Mar 6, 2013 1:42am Mar 6, 2013 1:42am
It also looks to me that the eur/usd & gbp/usd are starting to roll over.
I'am not sure about the aud/usd.
So...I would keep a head's up.

snarlyjack

PLEASE KEEP IN MIND THAT i'AM NOT A SIGNAL CALLER
OR A TRADE PROVIDER!!!
  • #15,772
  • Mar 6, 2013 1:51am Mar 6, 2013 1:51am
Hmm

Since I'm bit free just now, I was trying out the mt4.

Suddenly I found out that we can actually use the trendline by angle ( Located in "Insert-> Lines -> Trendline by Angle" )

Basically we can zoom all the way in and put in the angle line in the TDI. I believed it'll takes 30-90 degree for Bull and 270-330 degree for short.
Hope it helps, cause I really know little on the MT4.

Banker please return my pipins.
  • #15,773
  • Mar 6, 2013 2:21am Mar 6, 2013 2:21am
Quoting snarlyjack
Boerseum,

Thanks for your support!

1). The first thing I do is look at the daily chart. .............
snarlyjack,

Thank you for the good explanation, I now have a much better idea how you go about analyzing your charts, and it makes sense to me....I think, will check it out.

Cheers
  • #15,774
  • Mar 6, 2013 4:04am Mar 6, 2013 4:04am
Hi,
i am new in the h1/h4 trading but i start to like it.
For the first time, i do some backtesting and i have seen that its really profitable to trade also pullbacks on h4.
I will trade it with my loverpair GJ.
Maybe snarlyjack, emanuell or also other traders give me a feedback to my backtesting.
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  • #15,775
  • Mar 6, 2013 4:34am Mar 6, 2013 4:34am
Quoting Fame of me
Hi,
i am new in the h1/h4 trading but i start to like it.
For the first time, i do some backtesting and i have seen that its really profitable to trade also pullbacks on h4.
I will trade it with my loverpair GJ.
Maybe snarlyjack, emanuell or also other traders give me a feedback to my backtesting.
Hi,
Recently i also started reading about Xman's 4H method. A lot of traders trade the S3 1H method , But i liked the 4H swing method .
for pullbacks it works awesome. About 20 pairs i counted no. of trades per month. I looked at every setup since october on those 20pairs and trying to write a trade management rules for myself. This method gives best entries when a Single pair gets slaughtered by multiple currencies . like Jpy pairs from october. The pullback entries on those pairs were perfect. And Euro pairs from january. No. of setups per month is varying based on the trend/sideways action of particular pair. These are the total no. of setups on about 20pairs i watch.
FEBRUARY 21
jANUARY 29
dECMBER 14
November 28
Octover 35
  • #15,776
  • Mar 6, 2013 4:47am Mar 6, 2013 4:47am
Hi!
I am watching now CDP/JPY on daily... do we have action on that one like building head and shoulders...?
Anyone more experienced can confirm this please ?
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JacekPreserve Precious Capital
  • #15,777
  • Mar 6, 2013 5:00am Mar 6, 2013 5:00am
Quoting Babyboy
Hmm

Since I'm bit free just now, I was trying out the mt4.

Suddenly I found out that we can actually use the trendline by angle ( Located in "Insert-> Lines -> Trendline by Angle" )

Basically we can zoom all the way in and put in the angle line in the TDI. I believed it'll takes 30-90 degree for Bull and 270-330 degree for short.
Hope it helps, cause I really know little on the MT4.

Try this. Download one of the many Free desktop clocks, set the transparency to high just so you can see the numerals and hey presto very soon you will not even think about what the angle of cross is, it will become automatic.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #15,778
  • Mar 6, 2013 5:03am Mar 6, 2013 5:03am
Quoting dee50
Try this. Download one of the many Free desktop clocks, set the transparency to high just so you can see the numerals and hey presto very soon you will not even think about what the angle of cross is, it will become automatic.
I just love it!! whats a nice idea!!
JacekPreserve Precious Capital
  • #15,779
  • Mar 6, 2013 5:06am Mar 6, 2013 5:06am
Hi, Winner, I'm sure we could all really benefit from your backtesting, do you have a spreadsheet with these recorded setups?

Quoting Winner1245
Hi,
Recently i also started reading about Xman's 4H method. A lot of traders trade the S3 1H method , But i liked the 4H swing method .
for pullbacks it works awesome. About 20 pairs i counted no. of trades per month. I looked at every setup since october on those 20pairs and trying to write a trade management rules for myself. This method gives best entries when a Single pair gets slaughtered by multiple currencies . like Jpy pairs from october. The pullback entries on those pairs were perfect. And Euro pairs from january. No. of setups per month...
  • #15,780
  • Mar 6, 2013 5:10am Mar 6, 2013 5:10am
Oh also, I have this:

http://content.screencast.com/users/...03-06_2137.png

I just decided to aggressively take all trades with a cross, thoughts on these ones? And particularly I was wondering about what you think would be good strategy for going to bed now, at 11am GMT, in regards to Taking Profit, and placing Stop Loss?
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