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Trading Made Simple

  • #15,881
  • Mar 7, 2013 4:30pm Mar 7, 2013 4:30pm
Quoting jnkarlos
Hello friends:

I believe that the first step to follow any strategy is the price action is the basis of any strategy otherwise we are lost.

I keep practicing on a demo account and I think I'll go to a real account.

good luck to all.
I agree. For me, price action is all I need. I trade with candle charts (personal preference) and no indicators. I won't call the top or bottom but I do manage to catch a lot of the middle. Make sure you have your trading rules set and follow them, make it as mechanical as you can.
  • #15,882
  • Mar 7, 2013 5:06pm Mar 7, 2013 5:06pm
Just over on Yorkes mate.

Well, I still broke even last night, I had my stop loss to close for EUR/USD, otherwise would have grabbed more like 60 pips again last night. The aggressive approach is still kinda working. Just need to refine things into my own rules.

Quoting andygrope
Adelaide.
And You?
  • #15,883
  • Mar 7, 2013 6:31pm Mar 7, 2013 6:31pm
Quoting snarlyjack
So...here we are...what do you see...
Your future depends on it...so really check it out!

Hope this helps you...
snarlyjack
Hey Snarly:
Good to see you and Brit both posting here, please keep preaching on the need to keep things simple. I am also running IBFX and noticed my Synergy APB candles are a little different from yours. Do you mind posting which one you use or where on the forum we can get it, just want to make sure I'm looking at the same charts as you. Thanks again for all you contribute, first time in a long time I'm confident of having an edge for the long term.

Jim
  • #15,884
  • Mar 7, 2013 6:51pm Mar 7, 2013 6:51pm
Morning Folks.
Does anybody have experience in using straight simple TMS trading day time frames?
Britpip7, I will enter a demo trade on your posted setup.
I will enter now which is early in the Ausr/Asian session.
How would you time your entries- candle wise and timewise?
Which sessions?
Thanks heaps.
Cheers
  • #15,885
  • Mar 7, 2013 7:03pm Mar 7, 2013 7:03pm
Quoting Britpip7
The day chart looks interesting - APB colour change, TDI moving out of oversold territory, PA above 200EMA - wait for day candle to close then enter off of day high. Current ATR 7 = 91 pips for first profit target.
Hi again Britpip78
I have entered a demo long as per your daily chart setup, but with hindsight it looks a bit risky in that the daily and weekly trends are generally down and when there has been some buying the up move is pretty much limited to a couple of blue candles.
Anyway, I will watch it wth interest when London opens.
Cheers
  • #15,886
  • Mar 7, 2013 7:16pm Mar 7, 2013 7:16pm
Quoting Jackub
Hi Snarlyjack,
thank for advice, I do follow thread from early january 2013, and onestly get through 200 pages, coping screenshots and adices many of traders, One special file conteins only eelfraz suggestions. I am reading all of them over and over again. Made backtesting on mt4 for whole 2012 year for EU, GB, AU, few hundreds trades having pretty good results. Now I am fighting on demo in real time, and it goes much worse then on backtes, it is frustraiting, really. Have find a clue anyway... once again thanks for everything you did for newbies...

Can you pls post some of your worst trade charts, so seniors can analyze and suggest what was wrong.
  • #15,887
  • Mar 7, 2013 7:21pm Mar 7, 2013 7:21pm
Quoting andygrope
Pundit78 - could you post the market clock you have on your chart please.
I like it.
Cheers
Sure, here it is...I downloaded it from this thread only.
Attached File(s)
File Type: mq4 Clock_v1_2.mq4   16 KB | 743 downloads
  • #15,888
  • Mar 7, 2013 7:21pm Mar 7, 2013 7:21pm
Quoting andygrope
Morning Folks.
Does anybody have experience in using straight simple TMS trading day time frames?
Britpip7, I will enter a demo trade on your posted setup.
I will enter now which is early in the Ausr/Asian session.
How would you time your entries- candle wise and timewise?
Which sessions?
Thanks heaps.
Cheers
Hi andy,

Britpip7 is the man for D chart TMS trading.

I trade the D chart what is know as EOD (End Of Day) trading.
Look at EU today, yesterday closed strong bullish green candle and is a bullish engulfing candle pattern.
I will not simply chase the D candle and place a buy when market open this morning today open (Tokyo open).
I switch TF down to H4/H1 and wait for a retrace of at least 38% and 50% to make an entry.
My setup is the D chart. My timing chart for entry is H1 with H4 always in my view.
Intraday entries are usually good and I use that to build up more positions gradually with smaller initial risk.

Having said this, buy today is NFP and I will stand aside and watch. Next week will be a better time to start another new week and short-term swing swing.

Today is relax and waves watching.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,889
  • Edited 7:33pm Mar 7, 2013 7:31pm | Edited 7:33pm
Quoting pundit78
Can you pls post some of your worst trade charts, so seniors can analyze and suggest what was wrong.

Hi,
here is my worst trade for this week 10.
I was a Bear waited upstream but caught no salmons.
Technically on chart, TDI show 4-6 positions, Stoch crossed down but in hindsight, there was a Support, But hindsight is 20/20 vision.

It is NZDUSD and it went no where after 2 days.
Closed - 20pips, close shop for this week.
Will sit out NFP.

Edit: Next week I am still Bear and will wait again upstream for those tired salmons swimming upstream. Have a look at W.
Attached Image (click to enlarge)
Click to Enlarge Name: NZ H4 trade week 10.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,890
  • Edited 8:43pm Mar 7, 2013 7:32pm | Edited 8:43pm
Quoting emmanuel7788
Hi andy,

Britpip7 is the man for D chart TMS trading.

I trade the D chart what is know as EOD (End Of Day) trading.
Look at EU today, yesterday closed strong bullish green candle and is a bullish engulfing candle pattern.
I will not simply chase the D candle and place a buy when market open this morning today open (Tokyo open).
I switch TF down to H4/H1 and wait for a retrace of at least 38% and 50% to make an entry.
My setup is the D chart. My timing chart for entry is H1 with H4 always in my view.
Intraday entries are usually good and I...
Its also DBLHC on EU daily, I like your idea to wait for retracement to atleast 38% or 50% to make and entry on H1, thanks.
  • #15,891
  • Mar 7, 2013 7:37pm Mar 7, 2013 7:37pm
Quoting pundit78
Its also DBHC on EU daily, I like your idea to wait for retracement to atleast 38% or 50% to make and entry on H1, thanks.
yes, you are absolutely correct.
That's a Double Bar Low Higher Close (DBLHC) one of my favourites, and at 1.2970 historical support.
How can I missed that.
Thanks a lot. We don't trade alone, more eyers see more.

Trade Well All!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,892
  • Mar 7, 2013 8:12pm Mar 7, 2013 8:12pm
Into a trade on AUD/USD short tonight... we'll see how it goes

Attached Image
  • #15,893
  • Mar 7, 2013 9:23pm Mar 7, 2013 9:23pm
I know snarlyjack uses a different kind of stop because of his schedule and that works great for him. I was wondering if any of the other experienced TMS traders have suggestion for stop loss and TP. I know that Big E used the flattening of the TDI and hooking back as exit signals. I wondered if anyone had any other suggestions that were working well for them, especially in light of the fact we are using Heiken Ashi candles? Thanks for your time and efforts.

Jim
  • #15,894
  • Mar 7, 2013 9:44pm Mar 7, 2013 9:44pm
Quoting andygrope
Morning Folks.
Does anybody have experience in using straight simple TMS trading day time frames?
Britpip7, I will enter a demo trade on your posted setup.
I will enter now which is early in the Ausr/Asian session.
How would you time your entries- candle wise and timewise?
Which sessions?
Thanks heaps.
Cheers
Wait for day candle to close before deciding on entries

APB Colour change is the initial signal together with a TDI Cross
"To live with Passion, it takes Courage and Grace to survive"
  • #15,895
  • Mar 7, 2013 9:55pm Mar 7, 2013 9:55pm
Ok Gang,

My 4 hour bar changes in 10 minutes. (ibfx)
Enclosed are a couple of pictures of the eur/usd & gbp/usd.
Check out the tdi action... interesting...

snarlyjack
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pictures23gif.gif Size: 22 KB
Click to Enlarge Name: pictures24gif.gif Size: 20 KB
  • #15,896
  • Mar 8, 2013 1:11am Mar 8, 2013 1:11am
Quoting emmanuel7788
yes, you are absolutely correct.
That's a Double Bar Low Higher Close (DBLHC) one of my favourites, and at 1.2970 historical support.
How can I missed that.
Thanks a lot. We don't trade alone, more eyers see more.

Trade Well All!
Was watching on this all day when was building up, and digging in James 16 thread findig finnaly meaning of DBLHC and other patterns names like DBHLC, BUOB and few other... slowly, very slowly I am uderstanding what you are talking about....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 41 KB
JacekPreserve Precious Capital
  • #15,897
  • Mar 8, 2013 1:26am Mar 8, 2013 1:26am
Quoting snarlyjack
Ok Gang,

My 4 hour bar changes in 10 minutes. (ibfx)
Enclosed are a couple of pictures of the eur/usd & gbp/usd.
Check out the tdi action... interesting...

snarlyjack
Hi,
What i see is that Eurusd formed a double bottom and Formed a Bullish engulfing bar yesterday.
So now if you see a Tdi cross to short E/U to target at 1.2972
Would you take it ??
In gbpusd i see divergence , does it mean that since its sitting on the support and bcoz of tdi divergence we should not short it ??
http://s20.postimage.org/d5u43cmlp/gbpusd.gif
online photo sharing
  • #15,898
  • Mar 8, 2013 1:27am Mar 8, 2013 1:27am
hello snarlyjack,
how will you decide to take a stand today?
the daily is bullish, the 4h is consolidation, you just look at the shape of the candle 4h that ends in 30 min or will you look to see if the 1h cross tdi?
  • #15,899
  • Mar 8, 2013 1:27am Mar 8, 2013 1:27am
Quoting pundit78
Sure, here it is...I downloaded it from this thread only.
Hi Pundit
Well, I have to do my home work, generally I know why my trades failed, when they does (he, he not before). I can promise will send the chart if I don't find the clue. Don't won't to bore "High committee" with something what is obvious...
Best Regards
Jacek
JacekPreserve Precious Capital
  • #15,900
  • Mar 8, 2013 1:29am Mar 8, 2013 1:29am
On average how many pips are you guys making per day / week
with this method ?

Nelly
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