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Trading Made Simple

  • #17,781
  • Apr 19, 2013 8:23am Apr 19, 2013 8:23am
Quoting kbp
hm... did you have issues with trading behaviour??? Impossible! You're the leader in TMS now, new comers will have no idea how to trade TMS without you. ... anyway... talking about trader characteristics: I'd recommend Adventures of a Currency Trader:

hi kbp,

hey, I am not leader here. Just that I have been around a little longer than many of you and learn a lot from prople here. Time to pay back to this community. LOL

Thanks for the book. I have that in pdf and if anyone is interested, please PM me. FF fobid uploading due to intellectual property law.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,782
  • Apr 19, 2013 8:38am Apr 19, 2013 8:38am
Quoting Nellycopter
Great thanks for the help, I have now ditched everything from my charts, Can I ask, If tdi cross and trade looks good, TMS are all green , so I enter trade, The 20 mins in D1 TMS Osc turns red, Do I stay in or get out ??? Tdi is still 1 o'clock ...... Nelly

Nellycopter,

In order for anyone to help you more effectively, please post with your chart to show what you mean exactly.

The only common language we all share is what we see on our charts.

An example here you need to ask yourself is:
After you see on the D chart that the TDI has cross when the D candle closed, you swithc to H4 and look at the H4 APB/HA and the TDI position.
Has H4 TDI cross?
Where is the H4 APB?HA PA? is PA above or below the 5EMA?
If H4 TDI has cross, is this H4 TDI cross in the same direction of the D TDI cross? what is the APB/HA candle count?
Can you follow this so far?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,783
  • Apr 19, 2013 8:45am Apr 19, 2013 8:45am
Short EU 1H time frame.. Hit my SL 40 pips
  • #17,784
  • Apr 19, 2013 8:51am Apr 19, 2013 8:51am
Quoting emmanuel7788
{image} what comes before a reversal?
we can see candles showing decreasing range/momentum, candles are showing lower wicks we have resistance of 127 fib

We got three candle reversal pattern, just before TDI cross..

Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 46 KB


what else...?
JacekPreserve Precious Capital
  • #17,785
  • Apr 19, 2013 8:52am Apr 19, 2013 8:52am
I got owned by Weidmann too.Short EUJPY 1h-- SL hit
Dragon Rider
  • #17,786
  • Apr 19, 2013 9:00am Apr 19, 2013 9:00am
Quoting n0th1ng
Thank you for your explanations and advice, I have been following your posts for some time now and I have some questions if you'll kindly answer me. What are the 5 technical reasons you speak of when entering a trade? What role does the yellow 5EMA play into this system ? Is it shifted 2 or 3 ? Thank you in advance.
n0th1ng,

I like the way your name use alphanumeric, what a great idea. Nice, original... If I spell that using only letters it would be "nzerothoneng".

Now back to your qeustiosn:

1) 5 Technical reasons for taking a trade - this question I wil not answer you now. want you to read this TMS thread and know how the rules how to trade this method on H4 chart. OK?

2) 5EMA close,shift+3 -

a) the 5EMA is use to show the most recent volatility of the most recent 5 periods i.e. the last 5 price bar/candle.

b) as a general BUY/SELL filter, ...when PA is above 5EMA, we BUY only and when PA is below it will be SELL only (not so easy)

c) you need to read the market volatility, for example EU may have a ATR(10) of say 32pips, you should at check the price bars to see how is their range, above 32pips or below 32pips. If you see price bar getting smaller than 32 pips, then the market volitality is decreasing. Youmay have to wait for many more candles before you can take profit...

d) if you see very long candle run far away from the 5EMA, you do not chse after this long canlde and jump into the market, why?

e) why shift +3?
this is a technique known as "displaced moving average". Google this and you will find some good online explanation on this.
I learn this from a professional trader name Joe DiNapoli who build his stock trading system using displaced moving averages. You can find his templates in standard MT4 installation.
Displaced moving average is supposed to be 'predictive' when it is used in combination with PA and other indicators. I won't talk about here in TMS.

Hope the above answer enough for now. Ask me more if you want to. I love qeustions, becasue they make me think...LOL and when I cannot sleep, these wil help make me tired enough for bed. Otherwise, I need to drink a lot of weissbier.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,787
  • Edited 9:13am Apr 19, 2013 9:02am | Edited 9:13am
Quoting barloc
I got owned by Weidmann too.Short EUJPY 1h-- SL hit
some people shorted, no wonder price went down a little to frighten me...LOL.

no shorting /selling until you see a strong bearish reversal.
but before any reversal, you must see something else first.
what is that you must see first?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,788
  • Apr 19, 2013 9:03am Apr 19, 2013 9:03am
Quoting barloc
I got owned by Weidmann too.Short EU 1h-- SL hit
Yea speechless with Weidmann's speech...

I was waiting for short entry and suddenly 1st spike happens, which was 40mins after the news time.
Managed to scalp some, then the 2nd spike happens, which was 2hrs after the news time.

He takes the "avoid news when trading" to the whole new level. We now don't trade before the news but also after the news 2-3hrs lol (just kidding)

This screenshot was taken before the 2nd spike Attachment that I posted in other thread instead of here because it isn't relating to TMS....

TDI TMS, by the time this post, on EU H1 has crossed up indicating a long momentum, possible someone is starting to target 3150 and 3200... not sure what the trend for next week is...
back... and more dangerous.
  • #17,789
  • Apr 19, 2013 9:05am Apr 19, 2013 9:05am
Quoting jajano
Short EU 1H time frame.. Hit my SL 40 pips
hey jajano,

Please post your H1 chart and I want to see why you short EU at this moment... OK?

No chart, very hard for me to comment. I want everyone to post their charts so that I can see what you see.

My chart show many things and you probably wont see what I see. That is a big problem I have with some of you guys. Sorry!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,790
  • Edited Apr 20, 2013 1:09am Apr 19, 2013 9:08am | Edited Apr 20, 2013 1:09am
Quoting kbp
Yea speechless with Weidmann's speech... I was waiting for short entry and suddenly 1st spike happens, which was 40mins after the news time. Managed to scalp some, then the 2nd spike happens, which was 2hrs after the news time. He takes the "avoid news when trading" to the whole new level. We now don't trade before the news but also after the news 2-3hrs lol (just kidding) This screenshot was taken before the 2nd spike {image} TDI, by the time this post, on EU H1 has crossed up indicating a long momentum, possible someone is starting to target...

key news time, TDI is too slow to react ... by the time TDI show you, PA move away already.

scalpers don't use TDI, only clean and pure price bars.... to see the High, Low and the Close price. They don't even want to see the Open price, why?


BTW, I learn 5min scalping and i hate doing it. My brain, eyes and hands cannot cordinate that fast. That is why I failed in many attempts learn to play the piano at young age and today I am still trying....my age 59...LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,791
  • Apr 19, 2013 9:15am Apr 19, 2013 9:15am
Quoting emmanuel7788
some peopl shorted, no wonder price went down a little to frighten me...LOL. no shorting /selling until you see a strong bearish reversal. but before any reversal, you must see something else first. what is that you must see first?


This was my logic when i entered..

Price failed to keep going long as it can be seen at the beggining of LO - through NY, 4 blue candles couldnt do it.

Then there was the big pull back and close below my h4 resis line.

Added that to the fact that TDI was really steep at the candle close.

The Harmonic indicator which im using for Fun only at this moment detected a pattern.

O well win some lose some.

Have a good weekend everyone!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyih141913.png Size: 131 KB
Dragon Rider
  • #17,792
  • Edited 9:42am Apr 19, 2013 9:26am | Edited 9:42am
Quoting barloc
This was my logic when i entered.. Price failed to keep going long as it can be seen at the beggining of LO - through NY, 4 blue candles couldnt do it. Then there was the big pull back and close below my h4 resis line. Added that to the fact that TDI was really steep at the candle close. The Harmonic indicator which im using for Fun only at this moment detected a pattern. O well win some lose some. Have a good weekend everyone!! {image}
http://www.forexfactory.com/attachme...1&d=1366380487

thanks!
now I see the picture why you shorted.
that bearish harmonics XABCD is good and that shows a PRZ marked by that rectangle.
But you still need PA to show a bearish setup for you to go short. May be next week, keep an eye on your PRZ rectangle.
That may play out well next, but also look out for invalidation of that XABCD if you are trading Harmonic patterns.
Post again next week, I would like to catch the reversal with you, OK?

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,793
  • Apr 19, 2013 10:03am Apr 19, 2013 10:03am
Okay guys, all is quiet again.

it is EOW for me... Got to hit the road while there is daylight.

Have Great weekend ahead for everyone.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,794
  • Apr 19, 2013 1:46pm Apr 19, 2013 1:46pm
Thanks for the reply,
Yes I do follow, so far.
I was going to post chart, but didnt want to ask how to do this,
I have been trying to find a post that explains how without success...

Can anyone please point me in the right direction ???

Nelly
  • #17,795
  • Apr 19, 2013 2:34pm Apr 19, 2013 2:34pm
Quoting pinux76
hi Phx62 if you want and have time can you post EU entry from 8/4/2013 -->15-16 /04/2013 on EU tf60 are on trading range wich day you want the important is not the entry but the manage ed exit position in this day thanks and good week
Pinux
I have not been trading the EU.....I have been trading the EJ.....I will try to post a chart next week.....
  • #17,796
  • Apr 19, 2013 2:50pm Apr 19, 2013 2:50pm
Try this, this is on 4 Hour chart Bat pattern. with triple top on 4H last 3 candles, I think it would be good entry. You can see on 1 Hr chart that it was rejected price below 130, few times, it would push up and eventually close below.


Quoting barloc
This was my logic when i entered.. Price failed to keep going long as it can be seen at the beggining of LO - through NY, 4 blue candles couldnt do it. Then there was the big pull back and close below my h4 resis line. Added that to the fact that TDI was really steep at the candle close. The Harmonic indicator which im using for Fun only at this moment detected a pattern. O well win some lose some. Have a good weekend everyone!! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h4-trading-point-of.png Size: 39 KB
  • #17,797
  • Apr 19, 2013 10:56pm Apr 19, 2013 10:56pm
Hi Jackub,

Quoting Jackub
so knowing now the trend on H1 is UP, H4 is UP and D1 is DOWN, Look, if you have H1 and H4 green and D1 red, go to M15 and what you see? Probably M15 green(or red), H1 green and H4 green. SO wait till M15 turn to green and look for entry and trade safely on M15.
Thanks for clearing up that point, but I have more questions about the entry point.

So what about the TDI indicator? according to the above example, I have sourced green squares on TMS-OSC on (M15,H1, and H4 But red on D) and
TDI indicator is green crossing red on M15 at 32 PL level;
TDI indicator is green crossing red on H1 is between 50 to 68 at PL level;
TDI indicator is green crossing red on H4 is above 68 PL Level.

You said to enter safely on M15, but the market showing exhaust sign on H4 and the price may drop and H4 may change to red at anytime, But I'm interested in trading on H1 for this example. Do you still base your entry on M15 or H1? Or what will you do exactly?


Quoting Jackub
But on H1, if I see D1 red, will wait until price reach higher level, be exhausted and start falling down, and then there is my turn to take action!
Was that related to the up example that you have given me?

Thanks
  • #17,798
  • Apr 19, 2013 11:17pm Apr 19, 2013 11:17pm
Quoting snarlyjack
Remember to always trade with the trend. It helps you realize the risk of the trade. Play with it and get a feeling for how it works... snarlyjack
Snarlyjack,

Thanks for your reply. Question about trading with the trend.

Please view the below example:-

On D tf it shows Down trend and the price is swining up and down on the D trend line. But if I zoom in to H4 tf, I found the market going up (as it may going to reach the D trend line and make HL from the previous swing) and in this case I have new sub trend line heading up on H4 tf.

But as I'm going to trade on H1 tf and "trading with the trend", I might find the price totally far from the D trend line (main trend) and I will be confused about which trend should I stick to (H4 trend line going up OR D trend line going down)?

I would really appreciate clearing this point for me. As I'm a new trader, I always got confused when I face this situation and I don't know which trend shall I follow and treat it as my main trend for the trade that I'm considering to take.

Thanks, Rino
  • #17,799
  • Edited 4:55am Apr 20, 2013 1:22am | Edited 4:55am
Quoting rino88au
Hi Jackub, Thanks for clearing up that point, but I have more questions about the entry point. So what about the TDI indicator? according to the above example, I have sourced green squares on TMS-OSC on (M15,H1, and H4 But red on D) and TDI indicator is green crossing red on M15 at 32 PL level; TDI indicator is green crossing red on H1 is between 50 to 68 at PL level; TDI indicator is green crossing red on H4 is above 68 PL Level. You said to enter safely on M15, but the market showing exhaust sign on H4 and the price may drop and H4 may change...
Rino,
I am afraid I dind not explain you what was on my mind, (english is not my strong side, HI!) I wasn't talking about taking position but multitimeframe trading.
M15 time frame has nothing to do with this system (TMS), I just wonted to compare situation and and explanation has nothing in common with entry on H1.
I feel sorry for this mixing you up, it was just example of situation when you have three time frames with same move direction....
Having trend going same direction three time frames acordingly makes safer trading.
The great explanation was given by Emmanule with the drawing schowing trends...

Attached Image


I myself do not use TMS Osc, prefer to click between timeframes to see a lot of more what TMS Osc can offer, i.e. distance between RED and GREEN line , its direction, higher time frame move momentum, candles pattern forming on higher timeframe.

Please exuse once again this little mess I made...
JacekPreserve Precious Capital
  • #17,800
  • Edited 9:22am Apr 20, 2013 1:50am | Edited 9:22am
Quoting Phx62
Pinux I have not been trading the EU.....I have been trading the EJ.....I will try to post a chart next week.....
No prob PHX62 when you want post EU EJ in a 2/3 range days it's the same for me

thanks

i'm study sample for your image double top/low on a previous supply demand or previous dar high low or tdi too low or high etc for exit from position taken

if help you i'll attach an image of what i have a video
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Apr. 20 16.20.gif Size: 62 KB
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