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Trading Made Simple

  • #17,481
  • Apr 12, 2013 7:31am Apr 12, 2013 7:31am
Buy EU quick
  • #17,482
  • Apr 12, 2013 7:34am Apr 12, 2013 7:34am
Quoting dunggiggs
Buy EU quick

Doing nothing is also doing something....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,483
  • Apr 12, 2013 7:43am Apr 12, 2013 7:43am
Quoting dunggiggs
Buy EU quick
banks are checking where are SL's??
JacekPreserve Precious Capital
  • #17,484
  • Apr 12, 2013 8:06am Apr 12, 2013 8:06am
I know Emmanuel you are busy man, but are you going to prepare weekend task for newbies ??
JacekPreserve Precious Capital
  • #17,485
  • Apr 12, 2013 8:25am Apr 12, 2013 8:25am
Quoting Jackub
I know Emmanuel you are busy man, but are you going to prepare weekend task for newbies ??
Ji Jackub,

I think newbies have enough weekend homework to read all the posts in this thread and lots of catching up to do.
Also to do own back-testing and learn.

For me it is EOW now. It had been a great trading week. Time for bed.

Good night folks.

Have great weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,486
  • Apr 12, 2013 8:29am Apr 12, 2013 8:29am
Quoting emmanuel7788
Ji Jackub, I think newbies have enough weekend homework to read all the posts in this thread and lots of catching up to do. Also to do own back-testing and learn. For me it is EOW now. It had been a great trading week. Time for bed. Good night folks. Have great weekend.
Thank you Emmanuel for all your time dedicated to us... have nice weekend..
JacekPreserve Precious Capital
  • #17,487
  • Apr 12, 2013 8:36am Apr 12, 2013 8:36am
Quoting Jackub
Thank you Emmanuel for all your time dedicated to us... have nice weekend..
I'll second that, thanks Emmanuel you are a legend and a true gentleman.

Have a good weekend all.

till next week.

Regards

Adam
  • #17,488
  • Apr 12, 2013 8:57am Apr 12, 2013 8:57am
Hello everybody, i'm really interested in this system, i got a little question about the exit on H4 timeframe, do you wait until the candle close before closing positions to let the TDI goes flat or you use another thing ?
  • #17,489
  • Apr 12, 2013 9:12am Apr 12, 2013 9:12am
Quoting emmanuel7788
{image} anyone took that GMT0600 opening candle? good if you did. ... beware of fakey? there is H4 DIB... so there are many stops below to clear.
Emmanuel, do you look for this kind of trades before London Open on a regular basis ? It's a successful way to make pips ?
  • #17,490
  • Apr 12, 2013 11:32am Apr 12, 2013 11:32am
Quoting kbp
See TDI Histogram Xaphod made for TMS in this thread: http://www.forexfactory.com/showthread.php?t=294327 See this post http://www.forexfactory.com/showthre...48#post4619948 also in that thread on how to replicate TDI using MA and RSI. I did the same on my Android tablet long time ago and it looks the same. Yesterday EU H1 was a hard one, missed the bull asian break out initially. Entered on the pullback & TDI cross but not much profits. First TP was at support. Second TP (and fully exit) was at price pullback, also...
KBP thank you very much for the link. Will try to figure it out as I intend to look at the charts from my ipad.

Regards and have a nice weekend.
  • #17,491
  • Apr 12, 2013 12:47pm Apr 12, 2013 12:47pm
It was suggested in a previous post that 4HR entries should only be taken when the Weekly and Daily candles are the same color as a confirmation of the overall trend. For the most part, the trades have been more successful. I think it was Snarly or emmauel that suggested this. I have been trying to find a good MTF indicator that shows the color of the candles on the Daily, Weekly, and Monthly while I am on the 4HR TF so that I don't have to switch the TFs to confirm the trned. I have seen a few, but they don't really work. Does anyone have they are using they are willing to share?

Thanks
BTP
Without vision, the people will perish.
  • #17,492
  • Apr 12, 2013 1:16pm Apr 12, 2013 1:16pm
Quoting Vikendios
Hello everybody, i'm really interested in this system, i got a little question about the exit on H4 timeframe, do you wait until the candle close before closing positions to let the TDI goes flat or you use another thing ?
Yes wait for it to go flat, turn in opposite direction or make a check reversal on the candle close when the tdi angle is confirmed.
Personally I tend to use the hour chart for exit as I don't like to lose too many pips.
ie if it goes back on me too much id rather exit and re enter when back in line. I use candle sticks on the 15M for entry and re entry, as discussed earlier it works a treat and enables lower stop loss and therefore more reward

Just my opinion not saying it's gospel but it works for me.

To prove it to yourself back test it this weekend and you will see just how well this method works. The down side is you do need a lot of chart time to really get the most out of it. If your happy with a big draw back then just enter on cross of tdi and let it do its thing like big E.

Hope this helps...
  • #17,493
  • Apr 12, 2013 1:55pm Apr 12, 2013 1:55pm
Quoting adamjhdavis
Yes wait for it to go flat, turn in opposite direction or make a check reversal on the candle close when the tdi angle is confirmed. Personally I tend to use the hour chart for exit as I don't like to lose too many pips. ie if it goes back on me too much id rather exit and re enter when back in line. I use candle sticks on the 15M for entry and re entry, as discussed earlier it works a treat and enables lower stop loss and therefore more reward Just my opinion not saying it's gospel but it works for me. To prove it to yourself back test it this...
Thanks for your advice !

I will back test everything this week end to see how it works
  • #17,494
  • Apr 12, 2013 2:04pm Apr 12, 2013 2:04pm
Oh my gosh, Invisible isnt a username. Stupid
  • #17,495
  • Apr 12, 2013 3:16pm Apr 12, 2013 3:16pm
Hi All,
Just want to say thank you to you all contributors and Big. E for starting this great thread and sharing this method. I am new to FF and signed up because of this wonderful thread. So far I am reading page 60 and few most recent pages.

I have this scary feeling Big E is not contributing here. If I see his profile last activity was in Nov 2011. I hope all is well with great man.

I will contribute and ask in the future but first I want to finish reading all the previous pages. Also in the mean time I will be forward testing this method from Monday April 15, 2013.

Salute to Mr. Eelfranz and all his buddies and the contributors.
  • #17,496
  • Apr 12, 2013 5:42pm Apr 12, 2013 5:42pm
Quoting fx280
Hi All, Just want to say thank you to you all contributors and Big. E for starting this great thread and sharing this method. I am new to FF and signed up because of this wonderful thread. So far I am reading page 60 and few most recent pages. I have this scary feeling Big E is not contributing here. If I see his profile last activity was in Nov 2011. I hope all is well with great man. I will contribute and ask in the future but first I want to finish reading all the previous pages. Also in the mean time I will be forward testing this method from...

Fx280,

As you read on you will come to know that the main owner of this thread has passed on from this life we are in, in to the Great Beyound. He is no longer with us but his legacy here in FF lives on. So we all salute his work. Just for your information.
Born to rule my Economic World and Make a Difference!
  • #17,497
  • Apr 12, 2013 7:59pm Apr 12, 2013 7:59pm
Quoting bythepound
It was suggested in a previous post that 4HR entries should only be taken when the Weekly and Daily candles are the same color as a confirmation of the overall trend. For the most part, the trades have been more successful. I think it was Snarly or emmauel that suggested this. I have been trying to find a good MTF indicator that shows the color of the candles on the Daily, Weekly, and Monthly while I am on the 4HR TF so that I don't have to switch the TFs to confirm the trned. I have seen a few, but they don't really work. Does anyone have they...
You do not need any indicator to see the higher TF chart when yoyu trade.
Just open another chart to show the D and/or the W in addition to your trading chart H4/H1.
All you need to do is simply switch your chart ...
> once at the beginning of the week to see the W chart candles.
> once on daily basis to see the D chart candles
this should be sufficent for you to decide whether you look for BUY or SELL in the lower TF like H4.

Below is an example using EU where I show 3 charts TF side-by-side - H4 / D / W .
You can use the MT4 window feature and resize the individual size to suit your own view.


Using the same chart below, you can plan for next week... e W bullish candles, do you want to be BUYER or SELLER next week?

Q1. If you want to be BUYER, when and where do you enter the market?

Q2. If you want to be SELLER, when and where do you entert the market?

This is part of the Big Picture planning process which I do every weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: EU reconcile W D and H4 example.png Size: 120 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,498
  • Apr 12, 2013 8:05pm Apr 12, 2013 8:05pm
Here is my 3-in-1 chart view of EURAUD.
If you had followed my EURAUD trade this week, you will learn how and why I was SELLER at the start of this week.

Next week 16, will be the same question I will ask myself if I want to be BUYER or SELLER next week.
Attached Image (click to enlarge)
Click to Enlarge Name: EA week 15 POMO 13-4-2013 8-41-52 AM.png Size: 99 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,499
  • Apr 12, 2013 8:11pm Apr 12, 2013 8:11pm
Quoting tenmilewalk
Oh my gosh, Invisible isnt a username. Stupid
LOL...now you know some members are very shy and not want to be seen when they are viewing the thread.

while others chose not to log into FF but they are viewing too.

Yet many are not even FF members and they are enjoying reading this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: Invisible13-4-2013 9-06-16 AM.png Size: 132 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,500
  • Apr 12, 2013 8:33pm Apr 12, 2013 8:33pm
Quoting gigitranza
Emmanuel, do you look for this kind of trades before London Open on a regular basis ? It's a successful way to make pips ?

a simple quick answer is YES.

I want to make money, so I must be in the market in order that I can make money. I don't make money watching at the sideline while others make their money. So I must join in the market.

You should know that the world market dynamics has changed since the financial crisis of 2008. For a very long time, investors were focus in the size and volume of the Tokyo, London and US markets. After the Asia financial crisis in 1997, the Asian economies learned from that experience. Then came 2008 crisis, some Asian countries survived much better than many expected. More recently there is a lot more money flow ino the Asian markets - Shanghai, South Korea, Singapore, HongKong, India and Taiwan ( acronym sound more like SSSHIT) and not PIIGS.

Markets in Asia do not sit still for too many hours. They want action because action translates into money making.
So when Tokyo early session is quiet, the TOK second half is where the move starts. It can continue into the LON session or when LON make it day' high and reverses back into thje TOK_5H. TMS will show you these moves.

You can use do some back-testing over the weekend and see how this works in the last 3 years.
When TOK_5H is narrow about 30pips and below, the day move will be multiple of 30pips during the trading day during the LON and NY sessions.
When the TOK_5H is much bigger 40 to 60pips, the entry method will be different. You will see how LON will react when Asian session is very volatile.

Market move in waves... we simply follow and trade the waves. TMS is a simple technical method and is great for wave trading. You can either trade intraday or 4H swing trading or you can trade both like I do.
You only need to play the Money Management game using R and R-Multiple trade management and to make profits in terms of R as the % of your trading capital.

Post you charts next week and we can trade together. No charts no talk!

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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