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Trading Made Simple

  • #18,121
  • Apr 24, 2013 2:57pm Apr 24, 2013 2:57pm
Quoting Erol
Hi all, AUD/USD showing a descending wedge patter on H4. D1 TDI has pierced the blue band. Shaping up for an interesting trade & Looking to go long. {image}
Did anyone else decide to enter the AUD/USD on H4? looks like we will be getting a close above the hammer.
  • #18,122
  • Apr 24, 2013 3:05pm Apr 24, 2013 3:05pm
Hi Emmanuel,

If I see a pullback to 1.5440 it might be a good opportunity to short it

Regards,

Okan




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}

Quoting emmanuel7788
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.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurnzd.jpg Size: 210 KB
Click to Enlarge Name: eurnzd2.jpg Size: 176 KB
  • #18,123
  • Apr 24, 2013 3:06pm Apr 24, 2013 3:06pm
It would be perfect to see this.


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 the way I do it? Regards, EMMANUEL
  • #18,124
  • Edited 4:08pm Apr 24, 2013 3:48pm | Edited 4:08pm
Quoting kbforex
hello all, hello Emmanuel, thanks for all your wonderful work, was wondering pls , for someone trying to learn this TMS , considering the volume of pages, why do a newbie start from? thanks in anticipation of ur anwer.
Hi kbforex,

These PDFs are what accelerated my learning curve and saved time going through all the posts.
I would really really recommend reading them!
I have read them over and over and have always kept referring back when I first started trading with TMS.

Go to the attachment bank and download/read these PDFs.
I would list them in order of importance...

1. Best of BigE (The fundamentals of TMS)
2. Trading Made Simple (Eric) posts. (Same as Best of BigE but with loads of chart analysis, snarlyjack and a few others posts which I really liked and really feel worth reading)
3. TMS H1 Trading by PHX62 (Great insights into trading TMS)
4. S3-H1 posts of phx62 till now (Same as no.3)
5. dcgnic posts (Great advice and money management style that you could learn or adapt to your trading style)
6. E.A.S.Y method (learn more about the origin of APB and TDI from its creator)

Enjoy reading... and be sure to apply what you have learnt too!

Edit: kbp I just realised you had answered his question!
  • #18,125
  • Apr 24, 2013 3:53pm Apr 24, 2013 3:53pm
Hi Emmanuel,

If I may make a recommendation to those who have difficulties in 1st candle trading and can't make good money management and suffer the drawdown it is to look for 4h 3-18 ema crosses.When you see 3 cross 18 and enter with tma rules you generally see less drawdown.It is also valid for continuations.If you see price bounce from 18 and pass 3 ema that is a good place to enter too ! For 1h traders it is 12 - 72 ema !
Wonder what you think ?

Regards,

Okan


Quoting emmanuel7788
{quote} ryanlum, I read Halrlem already reply you and his post reply is excellent and address the key issues with your trading. I just want to make a small correction to the thinking: " first candle is normally a fakey...". This thinking is not true. You must study the previous PA before the LO. Look at the previous sessions, were they trending or were they ranging? wide ranging or narrow ranging, recent support and resistance, most recent news and events that may explain the recent market type, ... so many things we need to consider. At the end,...


Quoting Nellycopter
-110 pips today, really not a good day for me, think i may be a bit too aggressive in my methods, when i started out trading in January this year i came across TMS and throughout the next few months did really well (although Demo account) then it seemed the more i read and tried to learn and take in, the worse i become. is it possible to try and learn too much - and keep it simple ? i understand everyone has their own style on reading PA, but have to say its a bloody nightmare for a newbie..... there should be a second thread to TMS called "learn...
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd3.jpg Size: 188 KB
  • #18,126
  • Apr 24, 2013 3:57pm Apr 24, 2013 3:57pm
hey guys any advice appreciated

Didnt touch Gbp.jpy and eur.jpy. Too many bars in a row and market was ranging

London P/L:-20
New York P/L: NA
Daily total:-20

London P/L:600
New York P/L:-60

Aggregate Trades: 114
Aggregate P/L: 540
Attached Image(s) (click to enlarge)
Click to Enlarge Name: apr 24 eur.usd.h1.png Size: 74 KB
Click to Enlarge Name: apr 24 usd.ch.h1.png Size: 58 KB
  • #18,127
  • Apr 24, 2013 4:08pm Apr 24, 2013 4:08pm
Quoting terminator12
{quote} Please give me full details , Right click in de chart area and click on save as picture and then >>>>>>
Sorry Terminator I was out for some hours, almost missed your post.

Right click in the chart area,
click on ->save as picture (or image ? I don't have English as my language on my PC)
choose ->active chart
click ->OK
Give your file a name or keep the suggested name = for example AUDUSD.H1
You can leave the extension as ->*.ping
Choose your destination folder and remember it.
click on ->save
the screenshot gets opened in your default picturemanager, for example Windows Live Photo gallery, but you can reopen it with any other picture manager software.
Now you have a file wich you can upload with your posts or even better keep an archive of your trades.

Good pips and we look forward to see your first chart with a good trade !
  • #18,128
  • Apr 24, 2013 7:41pm Apr 24, 2013 7:41pm
EU 1.2970:

Hi TMS 4H lovers,

Here is my trade entry made hours earlier.

1.2970 is a historical support&resistance.

Look at my entry price level. On H4 it does not make any sense, it is not APB candle #1 nor #2.
It is a Fib-r 38/50 entry.
I use H1 and M15 to time my entry to get a good EP with small initial SL when NY open.

Good Trading to ALL today.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4_TMS chart _20130425003149.png Size: 14 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,129
  • Apr 24, 2013 7:55pm Apr 24, 2013 7:55pm
How to capture TMS chart?

Here is a script which will do just that and saved it in your computer MT4 installed folder ... C: <mt4>/expert/file/TMS charts ...

1) Plase save the attached script into your computer hardrive and then copy it to the <mt4>/expert/script folder.

2) copy the sound wav "shutter.wav" file to <mt4>/sounds folder
--- this will make a nice sound when your chart is captured and saved.

3) use the Navigator Favourite folder and keep all you frequently use scripts, indicators, etc. in this Fav folder. It will make it easier when you want to use the script. Just clisk the script and drag it onto your chart. That's easy and simple.

Any problem, please yell as loud as you can...cause I will be sleeping soon.

Good Trading and Have fun!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TMS chart capture script instructions notes.png Size: 110 KB
Click to Enlarge Name: MT Navigator Favourite.png Size: 62 KB
Attached File(s)
File Type: ex4 TMS Chart CaptureScript.ex4   3 KB | 474 downloads
File Type: rar shutter.rar   9 KB | 491 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,130
  • Apr 24, 2013 8:05pm Apr 24, 2013 8:05pm
Quoting okanemici
Hi Emmanuel, If I may make a recommendation to those who have difficulties in 1st candle trading and can't make good money management and suffer the drawdown it is to look for 4h 3-18 ema crosses.When you see 3 cross 18 and enter with tma rules you generally see less drawdown.It is also valid for continuations.If you see price bounce from 18 and pass 3 ema that is a good place to enter too ! For 1h traders it is 12 - 72 ema ! Wonder what you think ? Regards, Okan {quote} {quote} {image}
Hi Okan,

Good that you share some of your own personlisation to TMS and made them work for you. I shall study these closely when I get back to the comfort of my home time zone. Right now, my body rejects the crazy new daylight hours.

I mentioned risk taking the EURNZD trade yesterday.
1) the weekly candle was bullish last week, so we may be in a correction early days.
2) there is a gap when the kiwi date release, the gap remain un-filled. This is one weakness of the APB/HA becasue it does not show real price gap and the reason why I want to see the real price OHLC on top of the APB/HA.

Anyway, there is a larger consolidation box I drew on my posted chart, PA has broken out of that box and re-tested it, it PA stay below this box, all is good.

Good Trading my friend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,131
  • Apr 24, 2013 8:20pm Apr 24, 2013 8:20pm
Quoting kbforex
hello all, hello Emmanuel, thanks for all your wonderful work, was wondering pls , for someone trying to learn this TMS , considering the volume of pages, why do a newbie start from? thanks in anticipation of ur anwer.

Hi kbforex,

Good to see you here in this TMS family. WELCOME!

I see the other regulars - kbp and Harlem replied your post already.
It is challenging to read 10,000+ post. Those pdf made by some members will help.
What is more important is back-testing and forward testing.... it is practice, practice, practice... till near perfection.

Remember this ancient wisdom:

I hear and I forget.

I see and I remember.

I do and I understand.

-Confucius (551 BC -479 BC)

Enjoy your stay here and harvest the pips.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,132
  • Apr 24, 2013 8:27pm Apr 24, 2013 8:27pm
Quoting Nellycopter
-110 pips today, really not a good day for me, think i may be a bit too aggressive in my methods, when i started out trading in January this year i came across TMS and throughout the next few months did really well (although Demo account) then it seemed the more i read and tried to learn and take in, the worse i become. is it possible to try and learn too much - and keep it simple ? i understand everyone has their own style on reading PA, but have to say its a bloody nightmare for a newbie..... there should be a second thread to TMS called "learn...

Nelly,

It only seems hard. More time needed, more practice and you will nail that. PA isn't that easy to learn in short time.

Do you know how many beers I had in the last 25 years. The bartender at my neighbourhood English pub knows when I had a really bad day. I made friend with the pub owner onwer and could have married her. LOL.

Hang in there love.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,133
  • Apr 24, 2013 8:37pm Apr 24, 2013 8:37pm
Hi all,

Here is an update on the EU long position. This system thought me to be patient and trust the signal when it is all confirmed.

Hope you all have good trading day. It is a public holiday in Australia but fX market keeps moving ...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 35 KB
  • #18,134
  • Apr 24, 2013 8:50pm Apr 24, 2013 8:50pm
This is a typical chart to avoid in H4 with TMS system.

1. Candles have low rang. When there is low rang in candles it is best to wait till the volume picks up even if you have the correct signal
2. TDI is flat and green stuck to red line, this shows there is hardly a momuntum in the market. Given this is Asian session but due to some factors the volume in this pair is not so high at the moment. So it is best to sit this one out for now.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyh4.png Size: 29 KB
  • #18,135
  • Apr 24, 2013 8:53pm Apr 24, 2013 8:53pm
Quoting Ozforex13
Hi all, Here is an update on the EU long position. This system thought me to be patient and trust the signal when it is all confirmed. Hope you all have good trading day. It is a public holiday in Australia but fX market keeps moving ... {image}
Hi Ozforex,

Good trade.

I like the way you use Stoch (20,3,5) and it work like TDI.
I will try figure out how to make a TDI(13,2,7) with Stoch(20,3,5) filter.

Cheers mate!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,136
  • Apr 24, 2013 9:00pm Apr 24, 2013 9:00pm
Quoting emmanuel7788
{quote} Hi Ozforex, Good trade. I like the way you use Stoch (20,3,5) and it work like TDI. I will try figure out how to make a TDI(13,2,7) with Stoch(20,3,5) filter. Cheers mate!
Thanks mate. Yes, stoch is a good tool with TDI and I only use it for TDI confirmation. When I started this system, sometimes I entered a trade on TDI cross but wasnt sure if that's a valid signal or not. So I saw other traders suggested this and since then I have been using it to confirm my trade and it works like magic.

thanks to you also for helping out and feedback.
  • #18,137
  • Apr 24, 2013 9:57pm Apr 24, 2013 9:57pm
Hi ,

If they are going to mark up eurusd fine but if they have something else in mind such as shorting it, or short first before a mark up I was waiting 1.3040 area to have a short.London open and us data will show us the way.So be carefull.

Quoting emmanuel7788
EU 1.2970: Hi TMS 4H lovers, Here is my trade entry made hours earlier. 1.2970 is a historical support&resistance. Look at my entry price level. On H4 it does not make any sense, it is not APB candle #1 nor #2. It is a Fib-r 38/50 entry. I use H1 and M15 to time my entry to get a good EP with small initial SL when NY open. Good Trading to ALL today. {image}

Quoting Ozforex13
Hi all, Here is an update on the EU long position. This system thought me to be patient and trust the signal when it is all confirmed. Hope you all have good trading day. It is a public holiday in Australia but fX market keeps moving ... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdtms.jpg Size: 117 KB
  • #18,138
  • Apr 24, 2013 10:06pm Apr 24, 2013 10:06pm
Quoting okanemici
Hi , If they are going to mark up eurusd fine but if they have something else in mind such as shorting it, or short first before a mark up I was waiting 1.3040 area to have a short.London open and us data will show us the way.So be carefull. {quote} {quote} {image}
Thanks Okanemici, I have locked my profit in... I only take a slice when I see the opportinity so couple of 35 pips per day would do me good..

Don't worry too much about news just try to trade TMS when you see the opportunity on the chart.

cheers mate
  • #18,139
  • Apr 24, 2013 11:32pm Apr 24, 2013 11:32pm
hello all!
wow, what can i say , so many response in a short while.
I SAY A "BIG THANK YOU" TO ALL.......your replies are most appreciated.
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  • #18,140
  • Apr 24, 2013 11:54pm Apr 24, 2013 11:54pm
Quoting Harlem
{quote} Hi kbforex, These PDFs are what accelerated my learning curve and saved time going through all the posts. I would really really recommend reading them! I have read them over and over and have always kept referring back when I first started trading with TMS. Go to the attachment bank and download/read these PDFs. I would list them in order of importance... 1. Best of BigE (The fundamentals of TMS) 2. Trading Made Simple (Eric) posts. (Same as Best of BigE but with loads of chart analysis, snarlyjack and a few others posts which I really liked...
hello Harlem,
you have actaully given me a "table of content"...lol
most appreciated, but pls dont be cross with me if i can't locate or find some of these pdfs, would definatelly shout out loud for your directions n guide.
thanks one, thanks all!!!!
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