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Trading Made Simple

  • #16,201
  • Mar 15, 2013 1:55am Mar 15, 2013 1:55am
Mierzyk,

"By the way, I avoid lots of good entries only because the slope of TDI cross is flat at the time of the bar open. "


Well I am amazed with your "newbie skill", I wish I could go this way.
Concerning TDI maybe TDI in Real Time could change something for you??


Best Regards
Jacek
JacekPreserve Precious Capital
  • #16,202
  • Mar 15, 2013 3:42am Mar 15, 2013 3:42am
Anybody entered H1 EURJPY? It was a good signal, and USDJPY supported it. Too bad I was busy with M1 GBPJPY... I think it's time for me to become a little bit more flexible, maybe I should take some TMS H1 entries now and then...
Attached Images
Gentlemen always play by the rules. If they can't, they change the rules.
  • #16,203
  • Edited 6:33am Mar 15, 2013 6:31am | Edited 6:33am
Quoting emmanuel7788
http://www.forexfactory.com/attachme...1&d=1363157719
Someone PM asked me what is that 'this is nice!" on my chart posted earlier

That is a Pop Gun after a Pin Bar. A good sign of increase demand and maybe that the downtrend has ended.
Well, today I can safely say that the H4 downtrend has ended and the double bottom form confirmed the bullish reversal for GBPAUD.
My last remaining position still running. Will keep this over the weekend if it survive the NY session later. If it survives, next week look for pullback add positions...." Buy on Dip"
Attached Image (click to enlarge)
Click to Enlarge Name: GA week 1 15 Mar update 15-3-2013 7-27-08 PM.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,204
  • Mar 15, 2013 7:59am Mar 15, 2013 7:59am
Emmanuel,

Looks like I'll be holding mine over the weekend also.
The gbp/usd slowly ground it's way up last night and did'nt break down
like I expected it to. So...I'll watch it this morning.

snarlyjack
Attached Image (click to enlarge)
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  • #16,205
  • Mar 15, 2013 8:41am Mar 15, 2013 8:41am
GBPCHF week 11 15 Mar

A very interesting consolidation H4 candlestick pattern. But can this be a major reversal of this week uptrend?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF week11 15 Mar H4 15-3-2013 9-36-03 PM.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,206
  • Mar 15, 2013 8:52am Mar 15, 2013 8:52am
Emmanuel,

Enclosed is a picture of the gbp/usd daily.

The long term trend is down, it looks like in the past that
the tdi has hit the 50 level mark and started to reverse from there.
I'am thinking this is just a bounce and if you hold through it
we'll be ok. We shorted to soon but all is not lost.

My morning thoughts over coffee, but who really knows for sure.
I plan on holding my short...

snarlyjack
Attached Image (click to enlarge)
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  • #16,207
  • Mar 15, 2013 8:58am Mar 15, 2013 8:58am
Looks to me that the 4 hour chart and 1 hour chart
are starting to sell off...today and Monday should be interesting.
Maybe put in another short position?

snarlyjack
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pictures6gif.gif Size: 22 KB
Click to Enlarge Name: pictures7gif.gif Size: 21 KB
  • #16,208
  • Mar 15, 2013 9:21am Mar 15, 2013 9:21am
Quoting snarlyjack
Emmanuel,

Enclosed is a picture of the gbp/usd daily.

The long term trend is down, it looks like in the past that
the tdi has hit the 50 level mark and started to reverse from there.
I'am thinking this is just a bounce and if you hold through it
we'll be ok. We shorted to soon but all is not lost.

My morning thoughts over coffee, but who really knows for sure.
I plan on holding my short...

snarlyjack
I will need to update my Big Picture this weekend after NY close today.
I am suspicious with this current rally ahead of the 1Q GDP in 2 weeks.
After 5 beers, my brain and eyes coordination not working well. It past 10pm Friday night here and I hit the sack soon.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #16,209
  • Mar 15, 2013 9:31am Mar 15, 2013 9:31am
  • #16,210
  • Edited 11:31am Mar 15, 2013 10:15am | Edited 11:31am
Nah, man. It's all good. I didn't take anything you said offensive or unpleasant. Everyone is entitled to his or her own opinion. I apologize for polluting this thread with harmonics, I know it isn't a part of this trading system. However, there was a study published by Dr. Andrew Lo from MIT validating that harmonic patterns are extremely accurate in determining future price levels. This has been published in Business Week back on September 17, 2000. We all know, as traders, that NOTHING is absolute. However, to say harmonic patterns stink, is simply your opinion, and I mean that respectfully. Again, you are right in saying that price doesn't have to do anything. However, there is a high probability of success because these patterns tend to present themselves repeatedly.

I respect and truly admire what BigE started. God bless him. I'm just trying to make MY OWN trading plan. I'm not saying TMS doesn't work, as is. I, personally, need to know more information about PA that TMS simply doesn't present. I see others on this thread that have added moving averages (other than the original EMA 5) to their charts and other things as well. I'm sure there are much better traders than I am using TMS, as it was originally designed, successfully. I don't think there is anything simple about trading; it is quite difficult. And, I am not trying to complicate anything, I'm just trying to find higher probabilities of success. Because after all, PA is king. One cannot deny the price moves harmonically; not simply up or down. Just my $0.02.

I wish everyone success in their trading endeavors.

Quoting Favorite
shadodwel, I wish you good luck. And I swear to God, I'll leave you alone right after I say two more unpleasant things:

1). Harmonic patterns stink (Pardon my French)! You lost not because you traded AUDUSD (you can trade successfully any currency if you have a good TMS setup), you lost because you looked at your harmonic patterns and decided, that the price MUST go down. The price must do NOTHING! TMS is a perfect system and when somebody tries to create some kind of a hybrid, that makes the results much worse.

2). You not only lost 30...
  • #16,211
  • Mar 15, 2013 12:40pm Mar 15, 2013 12:40pm
London P/L:80
New York P/L: 0

Daily total80

Aggregate Trades: 30
Aggregate P/L: 208

Next weeks plan

Focus more on EUR.USD
Monitor trades and learn to enter exit based on PA.
Be more selective about entries
  • #16,212
  • Mar 15, 2013 4:51pm Mar 15, 2013 4:51pm
Hi,

My first week trading this system after reading most of the last few years of threads (a full time job I think).

A slow start getting used to and identyfying entries correctly but at the end of the week begining to make some really good pips. Even my not so good entries ended in a small profit. I hope this continues as my value increases.

Many thanks to you all, I feel quite sad reading all of Eelfranz posts that I will never get to share a post with him. Really feel like I got to know him over the last few weeks. Sounded like a top guy and one of lifes Genuine good guys. God bless him.

Have a great weekend.

Regards

Adam

p.s. might just have to get me a wheel barrow this weekend!!!
  • #16,213
  • Mar 15, 2013 8:05pm Mar 15, 2013 8:05pm
great news adam, can i ask what timeframe you're trading this system on? thanks
  • #16,214
  • Mar 16, 2013 1:38am Mar 16, 2013 1:38am
Hi all, what moving averages i can put on my chart H1 and H4 to get their crossing close to TDI crossing cause i cant get TDI indi on my tablet? thanks in advance and great thread
Svajunas
  • #16,215
  • Mar 16, 2013 3:15am Mar 16, 2013 3:15am
Quoting blamshakk
great news adam, can i ask what timeframe you're trading this system on? thanks

Hi Blamshakk,

I'm using it on the 4h time frame, as I am in England I am fortunate enough I can be awake during the London and New York session. Using the system pure as taught by Big E.

Regards

Adam
  • #16,216
  • Mar 16, 2013 3:17am Mar 16, 2013 3:17am
Quoting buyorsell
Hi all, what moving averages i can put on my chart H1 and H4 to get their crossing close to TDI crossing cause i cant get TDI indi on my tablet? thanks in advance and great thread
Svajunas
RSI 8 period
Then drop in 8 MA on the same RSI indicator.
The cross is almost identical to tdi cross
  • #16,217
  • Mar 16, 2013 5:03am Mar 16, 2013 5:03am
Is anyone using a trailing stop loss with this system ?
How many pips trail would you suggest ?? After x pips ?.

Nelly
  • #16,218
  • Mar 16, 2013 8:55am Mar 16, 2013 8:55am
Quoting adamjhdavis
Hi Blamshakk,

I'm using it on the 4h time frame, as I am in England I am fortunate enough I can be awake during the London and New York session. Using the system pure as taught by Big E.

Regards

Adam
If your are awake during the London and New York session. Do you trade the 1hour or the 4hours?
BIG E, said he when to bed and trade the 4 hours. But he would have trade 1 hour if he lived in UK,
  • #16,219
  • Mar 16, 2013 10:33am Mar 16, 2013 10:33am
Busy day at work on Friday. I took 4 trades. EURJPY at 15:00 GTM (winner). Also AUDUSD at 22:00 GTM (BE at 10:00 GMT), AUDJPY at 22:00 GMT (-17pips at 6:00 GMT). Quited AUD trades due to green sloping against my trade direction. The one that I have question is EURGPB long at 6:00 GMT. Anyone took it or can share his/her own veiw on this trade? Thankyou!

EURGPB

http://img545.imageshack.us/img545/4582/eg2g.jpg

+ bounce off from wide support area (not shown, 5 times tested in 4 weeks)
+ cannot imagine better cross of green over red
- huge seloff


Lost 21 pips (excluding spread). Price eventually tested EMA200 (thick grey line) and went up abit.
Any help?

Have a good weekend!
M.
Remember I'm a newbie!
  • #16,220
  • Mar 16, 2013 11:03am Mar 16, 2013 11:03am
Quoting Nellycopter
Is anyone using a trailing stop loss with this system ?
How many pips trail would you suggest ?? After x pips ?.

Nelly
If you are thinking of trailing stops, you need to be aware of the ATR on the timeframe that you are trading.

If your ATR 7 on the H4 is running at 30 pips, then I will usually wait until I am 50pips to the good before setting the TS and it will at least match the current ATR 7
"To live with Passion, it takes Courage and Grace to survive"
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