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Trading Made Simple

  • #18,001
  • Apr 23, 2013 2:44pm Apr 23, 2013 2:44pm
Quoting Phx62
{quote} TDI confirmed my analysis to enter each trade but price action, S/R and pullbacks were the actual basis for the trades. Trade 1 was an Asian Session trade. Price tested the high of the Asian session for 3 hours, then moved down. When it broke below the low of the previous 8 hours, I entered a trade and set my TP at the 200 EMA. TDI confirmed the entry. Trade 2 was taken after a long pullback from the LO candle...once it broke below the 200EMA, I opened the trade. The TDI green had not yet crossed over the red line but both were pointing...
Nice to see you posting again - I also have my screens split for trading on the H1, I just don't often get the time to do so, but it is fun when I do.
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"To live with Passion, it takes Courage and Grace to survive"
  • #18,002
  • Apr 23, 2013 2:58pm Apr 23, 2013 2:58pm
Can someone please help out on loading the caveman EA on a demo account. I tried putting it both in the custom indicators folder and the EA folder and I do not see it in my indicators list.
  • #18,003
  • Edited 4:13pm Apr 23, 2013 3:51pm | Edited 4:13pm
Please someone clarify this for me. Regarding the TDI indicator, what role does the MBL line play into this system ? I understand to go long when there's a cross above the line and short when below it, but does that have to happen in multiple timeframes like snarlyjack said (h1,h4 and daily) ? How about when the candles are the same color on D,H1 and H4 and the MBL is below/above on just H1 or H4 ? Is that enough to be a high probability trade ?
I really want to get this system down as I believe it's the best I've ever come across. If the MBL line is the same on H1 and H4 and the candles are the same on D,H1 and H4 we are losing a lot of other trade opportunities so that's why I'm asking.

Thanks.
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  • #18,004
  • Apr 23, 2013 4:04pm Apr 23, 2013 4:04pm
Quoting eaglefaith7
Can someone please help out on loading the caveman EA on a demo account. I tried putting it both in the custom indicators folder and the EA folder and I do not see it in my indicators list.
.

Eaglefaith, it has to be in the /experts folder. Restart MT4 and it appears in the Expert Advisors folder of your menu's, not the Indicators. If it still doesn't work, just ask
  • #18,005
  • Apr 23, 2013 4:26pm Apr 23, 2013 4:26pm
OK Thanks!
  • #18,006
  • Apr 23, 2013 4:45pm Apr 23, 2013 4:45pm
Quoting Jackub
{quote} Hi mate, I know it is easy to analize trade when it happen, but first trade, was taken on candle nr 1, when candle nr2 was opened TDI was already down... And if you look {image} at H4 timeframe you will see strong trend down, so you were trading against H4 trend {image} If the secound trade didn't workout its becouse of the rumors about two bomb blasts in White House and Obama injured, two minutes 100 pips spike ruined your trade.... my two cents...
Hello jackub.

The H4 is a trend that I missed.at the point of entry for the H1, the second candle was actually up at the beginning. Tdi was also intially up. But the obamam thing must have caused the spike

Thank you
  • #18,007
  • Apr 23, 2013 5:14pm Apr 23, 2013 5:14pm
For EU 1.3040 looks like a nice target to have a nice short
As for now I have a fresh promising nzdusd scout short around 0.8430 stop 0.8480

Quoting emmanuel7788
{quote} EU... I too have no idea too where it will go up to. But what I know is there are many stops above so it may collect all the stops first then decide when London closes in 2 hours. That previous H4 large candle is troublesome for many traders. To buy aginst this big red H4 is difficult. Now H4 TDI is showing 12-2, but it still had 2 hours to close. H1 showing bottom at 1.2970. I pass this one for today.
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  • #18,008
  • Apr 23, 2013 5:33pm Apr 23, 2013 5:33pm
Quoting n0th1ng
Please someone clarify this for me. Regarding the TDI indicator, what role does the MBL line play into this system ? I understand to go long when there's a cross above the line and short when below it, but does that have to happen in multiple timeframes like snarlyjack said (h1,h4 and daily) ? How about when the candles are the same color on D,H1 and H4 and the MBL is below/above on just H1 or H4 ? Is that enough to be a high probability trade ? I really want to get this system down as I believe it's the best I've ever come across. If the MBL line...
Are you talking about yellow line in TDI?
That line has no role except indicating overall trend. If it comes close to 32, high chance it will bounce off & price reverse. Same to 68. For once I saw in a Dean video how he didn't enter because the yellow TDI is heading down while the trade is to go long.
Otherwise, just hide & ignore that line according to TMS.

High probability trade for short if all are satisfied:

  1. cross happen when tdi just came down from 68 level
  2. price is current at resistance
  3. price candle breaks out of something (3 triple bottom etc.) or some reverse pattern (Head&Shoulder etc.)
  4. stoch is overbought or is heading down
  5. higher tf is also saying down
  6. perfect entry if lower tf tdi is also turning down



Quoting okanemici
For EU 1.3040 looks like a nice target to have a nice short As for now I have a fresh promising nzdusd scout short around 0.8430 stop 0.8480 {quote} {image} {image}
it's asian session now so I guess AU & Japan has less influence in EU pair.
back... and more dangerous.
  • #18,009
  • Apr 24, 2013 12:59am Apr 24, 2013 12:59am
EURNZD 24 Apr:

Yesterdayt we discussed TMS entry rules regarding entry on APB/HA candle #1 and #2 only.
There is also another entry condition when there is TDI bounce, and we can enter even when the APB/HA candle count is #3 and more.

Here is an example using EUNZD now before Frankfurt opens in 2 mins. We are still in APB/Ha candle #6 which will close only one hour after LO.

See the attached chart and answer those questions.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,010
  • Apr 24, 2013 1:32am Apr 24, 2013 1:32am
Phx62 - the TMS Master Trader

I highly respect PHx62 from all the contributions he made in this thread and in X-Man S3 thread.
Phx62 as I learned from his postings is a Master Trader in the way he reads the market and execute those H1 trades.
Entries and Exits are immaculate and meticulous.
He is what I consider an intuitive trader and this could only be achieved through thousands of hours doing it back-testing and in realtime live trading.

I read his posts yesterday and saved them into a pdf for you all. Print it out and study the details of what he saw in his charts and train yourself to see the way he sees.

Trade Well.
Attached File(s)
File Type: pdf TMS H1 Trading by Phx62 23 Apr .pdf   82 KB | 1,439 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,011
  • Apr 24, 2013 1:36am Apr 24, 2013 1:36am
Quoting emmanuel7788
EURNZD 24 Apr: Yesterdayt we discussed TMS entry rules regarding entry on APB/HA candle #1 and #2 only. There is also another entry condition when there is TDI bounce, and we can enter even when the APB/HA candle count is #3 and more. Here is an example using EUNZD now before Frankfurt opens in 2 mins. We are still in APB/Ha candle #6 which will close only one hour after LO. See the attached chart and answer those questions. {image}
Emmanuel,

Price is ranging in channel, now just testing strong support level, bottom level of the channel… and right now making pullback with candle "6".
D1 is strong bearish, so there is a chance to brake channel. I would like to see, nice candle nr "7" closing below the support making OB, and continue move down .
However, price after breaking bottom of the channel can tests again this level (1.5460) and if bounce down making reversal candle pattern, confirming the level become resistance give us opportunity to take a position…
SO, there is a high probability of good trade, and take chance a position according TMS "bounce" setup, formed by pullback
SL just above three candles back
But always there is a risk , price will go back to the channel
JacekPreserve Precious Capital
  • #18,012
  • Apr 24, 2013 1:37am Apr 24, 2013 1:37am
my idea .... in a few minutes on work
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  • #18,013
  • Apr 24, 2013 1:39am Apr 24, 2013 1:39am
Quoting terminator12
Emmanual , Don't u ever have a thought of South Africa , Best food and one of the best weather , So many trees all over cities and so comfortable , Too many nonsense news of bad things in S A , but its not , Emmanual , come for holiday to Cape Town , Durban and Johannesburg , I live in Joburg and lots of my families is in U S A but i stay here, And 1 hour behind from LO , Yes i always check M15 , 1h , 4H and D but will be wise with S/L Malcolm .
Malcolm,

Yes, I know somethings about South Africa from a few friends I met back in 1985. Also X-Man mentioned to me the nice things one cen enjoy living there. Recently, I looked up some travel information and view a very nice documentary about South Africa and its growing economy, its people, holidays attractions, etc.
Really seriously considering planning a trip there soon. Will defintely look you up when I come.
Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,014
  • Edited 1:55am Apr 24, 2013 1:42am | Edited 1:55am
Quoting Pervis
{quote} Thanks you! {quote} Regarding to BIG PICTURE, can you show me what happen with you when we look into W and D chart? How we got the best decide? For example when we look into W chart, the trend is going down. Then return to D chart we saw 2 day going up...? Normally, I only look into daily chart only, is that enough?

Pervis,

Let me work out a template on Big Picture planning at end of this week after Friday NY close and we shall use that for next week's trading.
You choose a currency pair and let me know, then we are in business...OK?

Now, I ask you all, how many of you want to do Big Picture planning the way I do it?


Regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,015
  • Apr 24, 2013 1:47am Apr 24, 2013 1:47am
Quoting adamjhdavis
{quote} Hi emmanuel, I haven't posted for a while because I seem to have lost my mojo, I didn't want to influence anyone with bad advice. I started really well but lately just can't seem to commit to the right trades. I will try and post my next set up for your analysis if thats ok? Regards Adam

Hi Adam,

No problems.

Just start post again when you have time. Good trades. bad trades, ugly trades, ... we all have some of each kind
Hopefully, we can all help one another and stay afloat in this very difficult market.
I am sure you will find the winning rhythm again. Just pick the clear A+++ setups.

Good Trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,016
  • Apr 24, 2013 1:48am Apr 24, 2013 1:48am
Quoting emmanuel7788
{quote} Pervis, Let me work out a template on Big Picture planning at end of this week after Friday NY close and we shall use that for next week's trading. You choose a currency pair and let me know, then we are in business...OK? Now, I ask you all, how many of you want to do Big Picture planning they way I do it? Regards, EMMANUEL
Im the 1st one for Big Picture , I would like GBPJPY , Malcolm .
  • #18,017
  • Apr 24, 2013 1:54am Apr 24, 2013 1:54am
Quoting terminator12
{quote} Im the 1st one for Big Picture , I would like GBPJPY , Malcolm .

Malcolm,

I know you will make it successful as a trader. You have the attitude and I like that.

You are very fast and you picked a pair which I do not trade. LOL.

But I'll do the Big Picture for GBPJPY for week 18.

It is easy, because the process and approach is the same for every currency pair.

Stay tuned.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,018
  • Apr 24, 2013 1:54am Apr 24, 2013 1:54am
Quoting emmanuel7788
{quote} Pervis, Let me work out a template on Big Picture planning at end of this week after Friday NY close and we shall use that for next week's trading. You choose a currency pair and let me know, then we are in business...OK? Now, I ask you all, how many of you want to do Big Picture planning they way I do it? Regards, EMMANUEL
I am in a row waiting for it...!
It would be great to have it... what a great educational source!
JacekPreserve Precious Capital
  • #18,019
  • Apr 24, 2013 1:55am Apr 24, 2013 1:55am
Quoting emmanuel7788
{quote} Pervis, Let me work out a template on Big Picture planning at end of this week after Friday NY close and we shall use that for next week's trading. You choose a currency pair and let me know, then we are in business...OK? Now, I ask you all, how many of you want to do Big Picture planning they way I do it? Regards, EMMANUEL
Hello Emmanuel,

I'am looking forward to do EU Big Picture planning

Regards,
Arunas
  • #18,020
  • Apr 24, 2013 1:58am Apr 24, 2013 1:58am
Warning EURNZD!

My post above, if you did not work on those questions, Do Not Trade live and go sell so soon.

I see risks to sell but I still want to be seller.

We all need to have PATIENCE and TIMING

Don't say I did not warn you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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