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Trading Made Simple

  • #17,861
  • Apr 22, 2013 5:34am Apr 22, 2013 5:34am
Quoting Jackub
Sorry for off topic, but To have better uderstanding what people saying, sometimes I make writen translations to my mother language, digging in other posts I found desription of price behaviour described as : " prices come up generally above the mean" what does it mean ??? any help, plese.
A 'Mean' is a level or rate of change which the price has a tendancy to return to, it is not a fixed level or point, some traders refer to it and use it others do not. Often times perhaps in a trend there will be a particular MA which the price seems to return continually, this could be referred to as a 'mean'. Sometimes it doesn't exist at all and sometimes we can just make it up as we go along.
Of course other traders may well see it differently and I'd be interested in their view of it too,,,
Or maybe someone might know of another thread where it is better explained,,,,
Don't ask me, I have no idea what's going on.
  • #17,862
  • Apr 22, 2013 5:37am Apr 22, 2013 5:37am
Quoting Gizzledonk
{quote} A 'Mean' is a level or rate of change which the price has a tendancy to return to, it is not a fixed level or point, some traders refer to it and use it others do not. Often times perhaps in a trend there will be a particular MA which the price seems to return continually, this could be referred to as a 'mean'. Sometimes it doesn't exist at all and sometimes we can just make it up as we go along. Of course other traders may well see it differently and I'd be interested in their view of it too,,, Or maybe someone might know of another thread...
Thank yoy very much , its suits me to rest of the oryginal text...
JacekPreserve Precious Capital
  • #17,863
  • Apr 22, 2013 6:39am Apr 22, 2013 6:39am
Quoting Jackub
Sorry for off topic, but To have better uderstanding what people saying, sometimes I make writen translations to my mother language, digging in other posts I found desription of price behaviour described as : " prices come up generally above the mean" what does it mean ??? any help, plese.

Not sure why you ask this question.
But if your are referring to price data on our chart, we can use the MT4 channel tool and draw a channel by selecting the range of price data.
The channel tool will calculate each price data and plot a channel and a median line.
See attached example.

Channesl are use as projection of price movements.

The TDI cross points are good to use to determine the turning points and draw the price channels.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Deviation channel.png Size: 46 KB
Click to Enlarge Name: EW Channelling Technique .png Size: 90 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,864
  • Edited 7:22am Apr 22, 2013 7:02am | Edited 7:22am
GBPUSD channel example week 17:

Here is the latest channel drawn for GBPUSD.
The current PA show price near the lower channel drawn.
We must observe the PA to see if there will be a bounce UP or possible PA of breakout below the current channel.

There are also 3 new turning points with TDI cross confirmation. See if you can identify that and draw a new channel and use that to track the PA and price move projection.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4 channel 22-4-2013 7-52-26 PM.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,865
  • Apr 22, 2013 8:25am Apr 22, 2013 8:25am
Good Morning,

I have been lurking here for sometime trying to get a handle on the TMS thread,
I thought I would like to join and become apart of the discussion.

I still seem to struggle with S&R concepts when I get a good cross of the TDI, for ex lets say TDI is near the 68 Level and I get a good cross that stochs is verifying
for a good short trade, I find myself struggling to pull the trigger, only to see the trade go on to gain some decent pips.

I believe I already know the answer is to demo more and gain confidence, I am just wondering if there were any hard and fast rules that Big E didn't cover that are assisting some of you gain more confidence in your trades?

Thanks
  • #17,866
  • Apr 22, 2013 8:34am Apr 22, 2013 8:34am
Hi Guys,

Here is an update on my short entry on EU... I like this system, it's so easy
my TF is hit and I am off now.

Hope you all have a good trading
Attached File(s)
File Type: docx Doc2.docx   188 KB | 418 downloads
  • #17,867
  • Apr 22, 2013 9:08am Apr 22, 2013 9:08am
Looking at H1 E/U, the green line start making a check mark. Indication to long on next 1H maybe? (if the line cross)
hmm
  • #17,868
  • Apr 22, 2013 9:10am Apr 22, 2013 9:10am
Quoting grand_dra9on
Looking at H1 E/U, the green line start making a check mark. Indication to long on next 1H maybe? (if the line cross) hmm
too good to be true
?
?
  • #17,869
  • Apr 22, 2013 9:14am Apr 22, 2013 9:14am
Quoting jajano
{quote} too good to be true ? ?
That's what I'm thinking too since the trend supposed to be bearish...
(anyway I can be wrong since I'm really new at forex)
  • #17,870
  • Apr 22, 2013 9:57am Apr 22, 2013 9:57am
Took this one this morning (for me) on the 1H chart Becaus PA broke 2 internal bars and cross of TDI. After TP1 I protected the trade bij SL -40. Maybe out to early but overall very satisfied. Good for my confidence wich has to grow.
Attached Image (click to enlarge)
Click to Enlarge Name: short22042013.png Size: 75 KB
  • #17,871
  • Apr 22, 2013 10:01am Apr 22, 2013 10:01am
Quoting Pipsmurfer
Took this one this morning (for me) on the 1H chart Becaus PA broke 2 internal bars and cross of TDI. After TP1 I protected the trade bij SL -40. Maybe out to early but overall very satisfied. Good for my confidence wich has to grow. {image}
Great! no matter how small, profit is still profit!
I hope I can grow my confidence in this TDI soon enough...
(this is my first day using it in real account)
  • #17,872
  • Apr 22, 2013 10:06am Apr 22, 2013 10:06am
Quoting grand_dra9on
{quote} Great! no matter how small, profit is still profit! I hope I can grow my confidence in this TDI soon enough... (this is my first day using it in real account)
Grand Dragon I can only say, patience, patience, patience. I'm experiencing that the less I trade the better my results become. The System is Simple but our minds are complicated and impatience=greed is one of our greatest enemy's.

Good trading
  • #17,873
  • Apr 22, 2013 10:18am Apr 22, 2013 10:18am
Thanks Pipsmurfer.
and yes Greed is one of the hardest thing to overcome when playing stocks and forex

anyway just wandering what should I do when something like this happen :

Pic 1, H4 (the H4 and H1 cycle in my chart just started half hour ago) still pointing down
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 349 KB


and Pic2, in H1 there's visible upward cross
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 325 KB


should I long and get out within 1 hour or?

Sorry in advance for the numerous questions.
  • #17,874
  • Apr 22, 2013 10:48am Apr 22, 2013 10:48am
EJ H1 trade taken about 30 minutes after LO, following a pullback of the LO candle (seen on the M15 chart). On the H1 chart TDI green was below the red and had crossed the yellow MBL and the red TSL was about to cross the MBL. The high of the London session was set by the LO candle.....moved SL to BE once price moved 50 pips in my favor.......I checked the H1 chart at the beginning of each hour until the trade hit TP....none of the H1 candles closed blue so I stayed in the trade....TP hit.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.4.22 ej h1.gif Size: 33 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2013.4.22 ej m15.gif Size: 25 KB
  • #17,875
  • Apr 22, 2013 11:27am Apr 22, 2013 11:27am
Quoting grand_dra9on
Thanks Pipsmurfer. and yes Greed is one of the hardest thing to overcome when playing stocks and forex anyway just wandering what should I do when something like this happen : Pic 1, H4 (the H4 and H1 cycle in my chart just started half hour ago) still pointing down {image} and Pic2, in H1 there's visible upward cross {image} should I long and get out within 1 hour or? Sorry in advance for the numerous questions.

First, I don't often trade after london close. In this case i'm a little bit in doubt and the rule is, when you'r in doubt, look for another setup. I see a resistance area at the left. I see LH and LL. I don't see enough space up. And there is not much momentum anymore. By the way, you don't use the Synergy bars or HA bars?

Sorry for the late answer, a trader has to eat with his family.......
  • #17,876
  • Apr 22, 2013 12:23pm Apr 22, 2013 12:23pm
Hey guys any advice appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: apr 22 eur.jpy.h1.png Size: 69 KB

Entered at what I thought was intially a strong bearish signal. It became a Pullback instead.
Attached Image (click to enlarge)
Click to Enlarge Name: apr 22. eur.jpy.h1 trendline.png Size: 76 KB

Second reason for trade was break of trendline. Price continued to go down until it reached another support point.
Waiting for breakout. past 129.
  • #17,877
  • Apr 22, 2013 12:24pm Apr 22, 2013 12:24pm
London P/L:100
New York P/L: NA
Daily total:100

London P/L:700
New York P/L:-60

Aggregate Trades: 110
Aggregate P/L: 640
  • #17,878
  • Apr 22, 2013 12:50pm Apr 22, 2013 12:50pm
Quoting Phx62
EJ H1 trade taken about 30 minutes after LO, following a pullback of the LO candle (seen on the M15 chart). On the H1 chart TDI green was below the red and had crossed the yellow MBL and the red TSL was about to cross the MBL. The high of the London session was set by the LO candle.....moved SL to BE once price moved 50 pips in my favor.......I checked the H1 chart at the beginning of each hour until the trade hit TP....none of the H1 candles closed blue so I stayed in the trade....TP hit. {image} {image}
Hello Phx 62,

Was your trade entry based on the 15 min chart? I entered on the H1 chart. It was a red breaish red candle and I entered about 30 min after it formed. It turned into a pullback candle later on. But the 15 min tf would probably show a strong bearish candle. Should I stick to H1 and disregard the 15 min? or use it at reference?

Thank you

Also, what does MBL and TSL stand for? (market base line?)
  • #17,879
  • Apr 22, 2013 1:30pm Apr 22, 2013 1:30pm
Quoting tenmilewalk
{quote} Hello Phx 62, Was your trade entry based on the 15 min chart? I entered on the H1 chart. It was a red breaish red candle and I entered about 30 min after it formed. It turned into a pullback candle later on. But the 15 min tf would probably show a strong bearish candle. Should I stick to H1 and disregard the 15 min? or use it at reference? Thank you Also, what does MBL and TSL stand for? (market base line?)
TSL Trade Single Line on T D I
  • #17,880
  • Apr 22, 2013 1:33pm Apr 22, 2013 1:33pm
thank you terminator 12
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