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Trading Made Simple

  • #16,041
  • Edited 12:42am Mar 12, 2013 12:28am | Edited 12:42am
Same here, had to go sleep... have to try awake at my 02am my time and keep trades running
Jacek
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  • #16,042
  • Edited 12:37am Mar 12, 2013 12:36am | Edited 12:37am
My GBPNZD trade closed.
Price not moving and sitting on RN 1.8050 also yesterday low.
Now back to waiting for the next good setup to catch the next wave.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,043
  • Mar 12, 2013 1:10am Mar 12, 2013 1:10am
Quoting snarlyjack
Ok...then try this...

When I trade I only use a emergency stop loss and no take
profit levels. Go by the tdi. Eelfrance used the tdi in another
way also. He would buy/sell on the tdi cross and would not
liquidate out of the position until the tdi crossed the red again.

I like the idea of using the %'s. Your odd's are better!

I'am trying to give good advice and not ramble...

snarlyjack
Hi snarlyjack

From where I am with my trading at this stage, your advise is very valuable. I am doing a lot backtesting lately and my early impressions are that the TDI gives better (with regard to how I define a A+ setup) setups on some pairs than on other. So while this is still a work in progress, my early assessment is that I will rather focus on specific pairs rather than to monitor every available pair. So its great to get some confirmation that my initial observations could be valid.

Thank you
  • #16,044
  • Mar 12, 2013 1:10am Mar 12, 2013 1:10am
Hello emmanuel, what made you take the short trade? There doesnt seem to be a clear cross on the TDI.


Quoting emmanuel7788
My GBPNZD trade closed.
Price not moving and sitting on RN 1.8050 also yesterday low.
Now back to waiting for the next good setup to catch the next wave.
  • #16,045
  • Mar 12, 2013 1:12am Mar 12, 2013 1:12am
Yes, that is how I trade the good set ups, an emergency stop loss and no TP, but in average crosses I go with the 1:1 R/R approach, which I find better mentally than being conservative because I am forced to look and trade the charts every single day, and don't miss a good set up

Are you saying you like my idea of %'s?

Quoting snarlyjack
Ok...then try this...

When I trade I only use a emergency stop loss and no take
profit levels. Go by the tdi. Eelfrance used the tdi in another
way also. He would buy/sell on the tdi cross and would not
liquidate out of the position until the tdi crossed the red again.

I like the idea of using the %'s. Your odd's are better!

I'am trying to give good advice and not ramble...

snarlyjack
  • #16,046
  • Mar 12, 2013 1:18am Mar 12, 2013 1:18am
I am doing the same thing. But for the sake of gathering a sufficient sample to see the overall accuracy of TDI alone. Let me know how it works out for you! I record on excel and then post. Any advice appreciated


Quoting Empowers
Yes, that is how I trade the good set ups, an emergency stop loss and no TP, but in average crosses I go with the 1:1 R/R approach, which I find better mentally than being conservative because I am forced to look and trade the charts every single day, and don't miss a good set up

Are you saying you like my idea of %'s?
  • #16,047
  • Mar 12, 2013 1:47am Mar 12, 2013 1:47am
Quoting tenmilewalk
Hello emmanuel, what made you take the short trade? There doesnt seem to be a clear cross on the TDI.
There was a TDi cross and Stoch provided the confirmation. These helped me in my overall trade decision together with other Price Action conditions which I based my trade decisions.
Look at how price reacted at 1.8200. Also, there were signs of NZD strength in other kiwi pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,048
  • Mar 12, 2013 1:51am Mar 12, 2013 1:51am
Ok...My trade from last night, still in play (short trade eur/usd).

If this doesn't turn out to be (another) bounce trade on the 4 hour their
is enough room on the tdi for a good short trade. The next bar should
expose the tea leaves a bit (70 minutes away).

Got to get to bed...good luck...

snarlyjack
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  • #16,049
  • Mar 12, 2013 2:29am Mar 12, 2013 2:29am
Quoting snarlyjack
Hi Mike,

I try to keep things very simple. For me, I only use the tdi indicator and the
5 ema shift 2 typical (h/3). I also use synergy average price bars. That's it.
It's almost like naked trading except I do glance at the Tdi. I do not use
sup/res, fibs, other ema's, or take profit levels. When the tdi turns I buy
or sell. But that is me, other people trade it a lot more complicated. In my
mind simpler is better...

I made about 500 pips late last week and early this week. I think this
system is the cat's meow!

Hope this...
Hello Snarlyjack! I am a follower of XMan's 4H thread but it was suggested to understand the TMS for better understanding of XMan's system. Ive read many PDF's, docs, and posts from this thread and XMan's.

I only have one confusion. I have noticed that there are so many TDI's (3 common ones that I know are mentioned interchangeably). Could you tell me which one you are using? I read a post in the past that you mentioned that you used TDI RT. Is that still what your using?

I know the RT updates in real time while the others update by the candle. Could you also explain why you decided upon a particular TDI?

I live in California. Its a struggle trying to keep up with the london session when it opens midnight here or 1am DST. What really caught my attention was how Big E lived on the west coast, so he put PST into mind. Thanks!
I love forex. One day it will love me back.
  • #16,050
  • Edited 3:04am Mar 12, 2013 2:42am | Edited 3:04am
Quoting Empowers
Before the London open every day, I check my 7 pairs and I aggressively place trades on all the TDI crosses. I figure if I put a TP and SL of 40pips on each, that the TDI will give me a higher than 50% chance of winning the trade. Statistically, by taking every trade possible, I figure that I am giving the best opportunity for the Law of Probabilities in my favour. What happens most days so far is that I break even or make a small win (20-30pips).
No, I don't like it.

First of all, if you trade 7 pairs and you open all the trades you can, you have to have a very small lot size. Let's say I take only one trade at a time and you take 4 trades at the same time. Obviously your lot size has to be 4 times smaller than mine. If I make 30 pips with the standard lot size that would be +3%. If you, like you said, make 30 pips in your 4 trades, that would be only +0.75%...

Second, BigE said hundreds of times: we have to choose the best trades and the best setups!


Quoting Empowers
After that style though, when I see a GOOD TDI and PA set up, I leave the TP open and ride it fully, I only use the 40pip 50/50 for the average trades that many probably filter out. This gives me the good 100pip or so gains a few times a month hopefully.


When I was trading "Trading Made Simple" H1, I was watching EURUSD, GBPUSD, EURJPY and GBPJPY, I was taking only one trade at any time. In a little while I started trading mostly EURJPY and GBPJPY, and I still think that they are much better than other currencies.

My SL was 30 pips. Of course, it was just an emergency SL. When I saw that the price went against me I would rather exit with a small profit or a small loss, something like less than 10 pips.

My TP was 30-50 pips depending on the market's activity. With a good lot size 700-800 pips per month that I was making meant a lot!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,051
  • Mar 12, 2013 3:22am Mar 12, 2013 3:22am
Hello traders.

I have moved here from X-Man 3S. Following emmanuel's advice, I went back to source. So far scanned first 70 pages here. 1000 left .

Anyway, here's my trade today:
http://img543.imageshack.us/img543/5...h420130312.jpg

EUR/JPY H4. Went short at 7:00 GMT (my candle opens at 6:00 GTM). Doube top, divergence, round number at the doube top. Counter trend. Green crosses red steeply out from 68. Can it get any better than that? Probably yes, it can.

Can you share your advice regarding entries prior to FO i LO? Big-E wrote that he enters H4 trade at 10P.M. Pacific Time which is 6:00 GMT?

Oh, by the way. My trade went +30 points within few minits. Great
Remember I'm a newbie!
  • #16,052
  • Mar 12, 2013 3:33am Mar 12, 2013 3:33am
Quoting Favorite
In a little while I started trading mostly EURJPY and GBPJPY, and I still think that they are much better than other currencies.
Speaking about EURJPY. I don't trade TMS any more, switched to M1 and to another system, but just take a look at the last day's TMS H1 - a hundred pips up, then a hundred pips down - not bad, not bad at all!
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Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,053
  • Mar 12, 2013 3:43am Mar 12, 2013 3:43am
EJ ... this is s volatile pair with wide range.
one H4 candle can run 40 ~ 60pips.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,054
  • Mar 12, 2013 3:46am Mar 12, 2013 3:46am
Quoting mierzyk
Hello traders.

I have moved here from X-Man 3S. Following emmanuel's advice, I went back to source. So far scanned first 70 pages here. 1000 left .

Anyway, here's my trade today:
http://img543.imageshack.us/img543/5...h420130312.jpg

EUR/JPY H4. Went short at 7:00 GMT (my candle opens at 6:00 GTM). Doube top, divergence, round number at the doube top. Counter trend. Green crosses red steeply out from 68. Can it get any better than that? Probably yes, it can.

Can you share your advice regarding entries prior to FO i LO? Big-E...
welcome to the source where trading has been made simple ....the TMS way.

get your hands on those pdf made of Big E posts.

study them and make it work for you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,055
  • Mar 12, 2013 3:57am Mar 12, 2013 3:57am
Welcome! Don't forget the stuff you learnt from S3, S3 actually is a lower time frame style of trading the TMS method, but it's good to remember that when crosses are coming after a bounce on the channel or the blue bands, probabilities are higher. Also S3 teaches you a bit more about using the MBL and the 60EMA to determine trend, which will help you no matter where you go

Quoting mierzyk
Hello traders.

I have moved here from X-Man 3S. Following emmanuel's advice, I went back to source. So far scanned first 70 pages here. 1000 left .
  • #16,056
  • Mar 12, 2013 4:51am Mar 12, 2013 4:51am
Hi Traders, been trrying out this system since last week, made quite some pips in my small account.
Just spotted some setup that I like to share.

CHFJPY S-101.364 sl-101.707
USDJPY S-96.125 SL-96.521
CADJPY S-93.518 SL 94.012
EURGBP S-0.87238 SL-0.87500
USDCAD L-1.02780 SL-1.02637

All the above is on paper trading.
Currently in:
GBPJPY S-143.511 SL moved to 143.290
EURJPY S-125.483 SL moved to 125.100

Any advise are welcome. Thanks in advance.
  • #16,057
  • Mar 12, 2013 4:53am Mar 12, 2013 4:53am
Hiya Room,

Todays trade. Shorting EJ ... after seeing the cross signal, before the new bar open, After evaluating the daily chart, It's supposed to be trending up.
But at the same time, I saw a double top already built by previous two candle. With signal confirm 45%, I made decision to short before the candle
close. As I was monitoring the PA, First it broke yesterday low, then went back up again ... that time already 62pips max in the pocket... then it's retrace
about 38pips reversal ... But when the price move down I've already put my SL to BE=2.5pip covering my spreads.

OHOH i said to myself not a good sign... Then I see the price dingdong... not retracing anymore... So I said to myself... If this baby goes bearish again...
Target TP around 60pips.... When the PA goes bearish, I see it's tries to break lower low... after the price sitting at the comfort zone which below the low...
I waited a while and the price zoom down... Once the price retracement, I made an quick escape, as already standby to closed. So after closing...
nett pips for today 73pips excluding spread. roughly 7.50 buck on live.

Gosh... what a thrill... BTW, when I shorted EJ, I Shorted EU and UJ together on DEMO.
As is only demo, I let it run... because the signal was clear I guess... See how far it can goes.

Advices are welcome.
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Banker please return my pipins.
  • #16,058
  • Mar 12, 2013 5:17am Mar 12, 2013 5:17am
Quoting jim800
Hi Traders, been trrying out this system since last week, made quite some pips in my small account.
Just spotted some setup that I like to share.

CHFJPY S-101.364 sl-101.707
USDJPY S-96.125 SL-96.521
CADJPY S-93.518 SL 94.012
EURGBP S-0.87238 SL-0.87500
USDCAD L-1.02780 SL-1.02637

All the above is on paper trading.
Currently in:
GBPJPY S-143.511 SL moved to 143.290
EURJPY S-125.483 SL moved to 125.100

Any advise are welcome. Thanks in advance.
thanks Jim.
Post some charts to go along. That will mean more for folks here learning to trade.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,059
  • Mar 12, 2013 5:27am Mar 12, 2013 5:27am
I know that it has been mentioned before. I even read it and then forgot it. For the 4h, it does not matter what the time is? london open does not apply?
  • #16,060
  • Mar 12, 2013 5:37am Mar 12, 2013 5:37am
Thanks for your opinion. Just because I'm not trading Big E's system biblically though, does not mean my strategy is not logically sound. I'm using my own brain

And I'm not risking 4 times less per trade than you, my risk management can easily handle 4 open trades. It's simply diversifying between currencies, rather than placing 4 lots on one currency, that doesn't increase risk, as long as the pairs aren't correlated strongly it's actually got somewhat of a decrease in risk.

Tonight the market has strongly answered me. By entering trades early with a 1:1 management, I was able to then open up my trades when the TDI cross and price action confirmed more strongly. 200 or so pips so far.

Quoting Favorite
No, I don't like it.
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