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Trading Made Simple

  • #18,221
  • Apr 25, 2013 1:59pm Apr 25, 2013 1:59pm
Quoting tenmilewalk
I must have posted too soon, emmanuel recommends 5. I have like 10...

Look I have 5 fingers on my right hand.
My left hand I use for holding onto my coffee mug. LOL.

Serioulsy, .... 5 for TMS 4H trading is quite enough.

But it is a very tough 5 for beginners to start with. Therefore we are all here to help one another learn and practice each of the 5.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,222
  • Apr 25, 2013 2:01pm Apr 25, 2013 2:01pm
Quoting emmanuel7788
{quote} TMS 4H trading is a trend trading method using TDI cross for entry and exits. It is not event a system. To be a system you need to build into it a proven money management strategy....then there is trade management, managing the trader's psychology when he is trading this is the most difficult part...(a lot more). putting all these together you will have a SYSTEM and that system will generate X number of R's over a long period of trading and you will know the Expectancy of your SYSTEM, then you will be confident at every point when you pull...
Hello emmanuel

Sorry if i gave off the impression that i thought there was something was wrong with the tms strategy standalone. You are right. there is nothing wrong with the tms strategy standalone. On my checklist, which of the points do you think is excessive?
  • #18,223
  • Apr 25, 2013 2:14pm Apr 25, 2013 2:14pm
I was going to say old fox but didn't want to use old , because your soul is still young I can sense that With that kind of thesis I'm sure you will soon be a super trader.Me , if anyday I could be % 10 of what you are I'll be happy

Eelfranz mentioned in earlier posts that 4h cci 6 is similar to 4h tdi , I tried it for mtf tdi because I don't have a mtf tdi.Do you have any mtf tdi ?


Quoting emmanuel7788
{quote} Thanks Okan. Actually many people call me an old fox. ... Super Trader ? not yet I still have to complete my project then my professor will read my '3 thesis' and he will approve the title Supper Trader after I show him my 100 trades taken with that '3 thesis' and he wants to see my Expectancy for each thesis. It is very hard work and lots of miles to cover. You trade well too, wtih good discipline ... my friend.
  • #18,224
  • Apr 25, 2013 2:16pm Apr 25, 2013 2:16pm
Quoting tenmilewalk
{quote} Hello emmanuel Sorry if i gave off the impression that i thought there was something was wrong with the tms strategy standalone. You are right. there is nothing wrong with the tms strategy standalone. On my checklist, which of the points do you think is excessive?

you forgot my post early this week:

Make it simple - think of the TMS entry rules...

1) TDI cross, bounce, 12-2 , 4-6
2) APB candle #1 and #2
3) PA
4) Supp/Res
5) Stoch confirm or higher TF confirm the Primary Trend you want to trade.

then this week I added something about entry when APB/HA canndle is more further than candle #3...etc.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,225
  • Apr 25, 2013 2:21pm Apr 25, 2013 2:21pm
Quoting emmanuel7788
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. {image}
http://www.forexfactory.com/attachme...1&d=1366632161

Quoting emmanuel7788
{quote} {image} How many took this GU trade setup? See how it developed since my last post. There are more reasosn for that trade - H4 PA/TDI Divergence, Double Bottem chart pattern. Now you need to draw the new H4 channel using the most recent 3 swing points high and low. Use that to project the current wave move up and maximise profit using the PA of APB/HA. Trade Well folks... practice, practice, practice. It's wierd hours for me ... along the west coast...
http://www.forexfactory.com/attachme...1&d=1366667218


How many of you follow these GBPUSD posts and seehow that channel developed?

http://www.forexfactory.com/attachme...1&d=1366702109

Today PA broke that upper channel .... next week???
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,226
  • Apr 25, 2013 2:25pm Apr 25, 2013 2:25pm
Quoting emmanuel7788
{quote} you forgot my post early this week: Make it simple - think of the TMS entry rules... 1) TDI cross, bounce, 12-2 , 4-6 2) APB candle #1 and #2 3) PA 4) Supp/Res 5) Stoch confirm or higher TF confirm the Primary Trend you want to trade. then this week I added something about entry when APB/HA canndle is more further than candle #3...etc.
Thank you emmanuel. When I do enter a trade. I will make sure to explain ALL of this.

Sorry I missed your post earlier this week
  • #18,227
  • Apr 25, 2013 2:34pm Apr 25, 2013 2:34pm
Quoting tenmilewalk
{quote} Thank you emmanuel. When I do enter a trade. I will make sure to explain ALL of this. Sorry I missed your post earlier this week

But when I trade I have 10 things which I look at as my process:

PriceAction
Trend
Multi-Time Frame
Momentum
Support and Resistance
Continuation
Volatility
MarketStrength
Range
Timing

TMS 4H trading covers all thses 10 in 5.

OK, time to go. I need to cover some miles before dusk.

Talk to you all tomorrow.
To my Asia/Pacific frrends ... Good Morning
Those in the Europa and UK, Goodnight ...
Rest of the World -- have a good day.


Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,228
  • Apr 25, 2013 2:38pm Apr 25, 2013 2:38pm
emmanuel7788

When you have time can you expound on these 10 things you look at?
  • #18,229
  • Apr 25, 2013 3:38pm Apr 25, 2013 3:38pm
Okanemici,

I am trying your advice on 3-18ema on H4' to see how it goes,
On your chart you have arrows and lines for entries, is this an indi ?? And are you willing to share it to help us newbies out ????

Regards

Nelly
  • #18,230
  • Apr 25, 2013 4:59pm Apr 25, 2013 4:59pm
thank you
  • #18,231
  • Apr 25, 2013 5:33pm Apr 25, 2013 5:33pm
Hi guys,

This is only for training purposes. TMS strategy on EU is showing that there is no entry and you need to wait becasue the TDI has gone flat despite the stoch is pointing down. The other factor to consider, we are on candle no 3 and we need to wait for the market to align all the elements together to enter a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 35 KB
  • #18,232
  • Apr 25, 2013 5:47pm Apr 25, 2013 5:47pm
Quoting Ozforex13
Hi guys, This is only for training purposes. TMS strategy on EU is showing that there is no entry and you need to wait becasue the TDI has gone flat despite the stoch is pointing down. The other factor to consider, we are on candle no 3 and we need to wait for the market to align all the elements together to enter a trade. {image}
Nice one. You picked up TMS very fast
EU is meeting support again so shouldnt enter.

Hope everyone got pips yesterday on EU after doji appears on both H1 & H4 chart.
back... and more dangerous.
  • #18,233
  • Apr 25, 2013 5:55pm Apr 25, 2013 5:55pm
Hi Nellycopter,

Sorry it is not much related with the thread but it is my way of using tma, maybe it could be help of newbies.
I made those arrows and lines for you to see better, not an indi.18 shows the trend direction and you look for trades in that direction.If 18 is showing south you only look for shorts , if it is showing north you only look for longs, if it is flat you pass.
When using emas 3 and 18 , it will be easer to follow the continuations and reversals and you will confirm your tdi cross with a 3 & 18 cross.Sometimes crosses make you enter late but it is better than losing.When price bounce of 18 and break 3 up it is a continuation and you should buy the pair if tdi direction supports it and it almost support all the time.
When price makes a pullback to 18, gets rejected and moves south you enter short if the 3 is under 18 or if 3 crosses down 18.
If your tdi and ema cross direction dont match pass and look for sth else.
This is just to improve your winning percentage and be sure of your tma rules and be more confident and it helps you avoid overtrading and helps to stay with the trend direction.
Making less mistakes and keeping your money is the key to survive in forex.
Hope it helps.

Okan

Quoting Nellycopter
Okanemici, I am trying your advice on 3-18ema on H4' to see how it goes, On your chart you have arrows and lines for entries, is this an indi ?? And are you willing to share it to help us newbies out ???? Regards Nelly
Attached Image (click to enlarge)
Click to Enlarge Name: euraud5.jpg Size: 269 KB
  • #18,234
  • Apr 25, 2013 6:02pm Apr 25, 2013 6:02pm
ozforex and kbp

Actually EurUsd I entered 4H short on the candle #2 RED with the D1 trend down...take a look at at Stochastics and TDI ..both crosses down..I have to say it is part of TMS ....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 55 KB
  • #18,235
  • Apr 25, 2013 6:07pm Apr 25, 2013 6:07pm
Quoting driven18
ozforex and kbp Actually EurUsd I entered 4H short on the candle #2 RED with the D1 trend down...take a look at at Stochastics and TDI ..both crosses down..I have to say it is part of TMS .... {image}
On the candle 2, you had an entry on H4 but not candle 3. In case some likes to enter short again in EU.
  • #18,236
  • Apr 25, 2013 6:08pm Apr 25, 2013 6:08pm
Quoting kbp
{quote} Nice one. You picked up TMS very fast EU is meeting support again so shouldnt enter. Hope everyone got pips yesterday on EU after doji appears on both H1 & H4 chart.
Thanks Kbp, I just practiced alot and forex tester with the same rules till I gained the confidence with this technique.
  • #18,237
  • Apr 25, 2013 6:10pm Apr 25, 2013 6:10pm
Quoting emmanuel7788
{quote} 1) TDI cross, bounce, 12-2 , 4-6 2) APB candle #1 and #2 3) PA 4) Supp/Res 5) Stoch confirm or higher TF confirm the Primary Trend you want to trade. then this week I added something about entry when APB/HA canndle is more further than candle #3...etc.
  • #18,238
  • Apr 25, 2013 6:25pm Apr 25, 2013 6:25pm
Hey folks in Asia Pacific...Moin Moin

Looks like some of my Aussie friends are up early today. Is it day-off or holiday long weekend?

Wait till when I get home and we shall be in the same time zone.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,239
  • Apr 25, 2013 6:31pm Apr 25, 2013 6:31pm
Before I hit the roads after after this pit stop, I want to post the GEM of Week 17.

GBPUSD - channel breakout:
See chart for details.

Question: (refer to the chart below), That candle#8 is the strong breakout candle when the UK GDP data release earlier. Only those who traded the 4H early would have stayed in the trade and rode the breakout. Candle#8 broke out of the H4 channel, what else did than candle#8 do? You answer is important for next week trading.

The chart below has a few good lessons for PA trading with TMS 4H. Hope you will pick up some tips here and learn them well.
Attached Image (click to enlarge)
Click to Enlarge Name: GU H4 channeling technique 26-4-2013 6-41-19 AM.png Size: 144 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,240
  • Apr 25, 2013 6:40pm Apr 25, 2013 6:40pm
Quoting eaglefaith7
emmanuel7788 When you have time can you expound on these 10 things you look at?

hey eaglefaith7,

OK, I'll do so more going forward from now.

But when you read my posts and charts, there are always a bits of these 10 things....

These 10 basic topics of trading. Dean Malone charges $$$$ to conduct such courses. I will put him out of business .... if I do it for free here. LOL.

Anyway, I shall try give you some basic stuff I had learned and use regularly for TMS 4H treading. Some materials I cannot upload here due to intellectual property rights law. FF forbid such practice.

Stay tuned.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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