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Trading Made Simple

  • #18,481
  • May 1, 2013 3:35am May 1, 2013 3:35am
Quoting emmanuel7788
EJ 1 May 2013 If you look at D chart, there is something nice I see. H4 is sideway ....and on H1 you can see the details .... so you must have today a Plan A and a Plan B. A Plan C is good when both Plan A and Plan B fails you. Trade Well folks! I am going to bed and back again when LO in few hours.
EJ 1 May

Anyone caught that Day IB breakout?

That was a very clean breakout of the TOK_5H seen in both H1 and (M15 TF....as early entry).
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,482
  • May 1, 2013 3:44am May 1, 2013 3:44am
Quoting Jackub
Hello Traders, As all you know I am a permanent newbie..... The April is over, so there is a time to look back a little, and share with newbies my observations concerning my trading results. Do not present charts here, wining strings, rather observation which, I believe , can help other newbies to avoid mistakes, I was repeating during month of April… First let me make same rules…. winner is a trade which is closed positively, minimum+2 pips, looser is all other below +2 pips of gain…. I was trading mostly H1 timeframe, as this one...
Jackub,

Your problem to get more winners can be easily solved.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,483
  • May 1, 2013 3:59am May 1, 2013 3:59am
Quoting irishtoffy
Hi, This is my first post here as Im a newbie trying to learn the system! But I've got to say, having read all the posts in this thread, it is a first-class resource for people trying to learn FX trading and the TMS system! SOme people put a lot of time and effort in to helping others, and it is greatly appreciated! I'm trying to perfect my use of the TMS system, but I feel I need to improve my Price Action reading skills. Does anybody have a link/pdf/information that I could use to improve my knowledge of HA Candles and their relevance to price...

Hi irishtoffy,

WELCOME to this TMS family.
Hope you will enjoy your stay here and learn to trade the TMS way and make good money.

About Heiken Ashi I have 2 pdf for general reading.

There are also websites where there are more indepth studies and information.
http://stockcharts.com/school/doku.p...is:heikin_ashi

http://heikenashi.com/

However, please note that in TMS we use a version of HA called Synergy Average Price Bar or APB in short. There is some difference in the way the APB close price is calculated compared to the original HeikenAshi. This was done by Dean Malone to make it more suitable for forex trading.

Regard,
EMMANUEL
Attached File(s)
File Type: pdf Heiken Ashi Candles.pdf   484 KB | 2,210 downloads
File Type: pdf Heiken Ashi Explanation.pdf   190 KB | 2,045 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,484
  • May 1, 2013 4:04am May 1, 2013 4:04am
Quoting wizard99
{quote} Hi Emmanuel, I'm travelling at the moment, but will do just that once I'm back in front of the PC tomorrow. I haven't looked at monthly before so should be interesting to do. W99
W99,

okie dokie ... talk tomorrow.

safe travel!

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,485
  • May 1, 2013 4:36am May 1, 2013 4:36am
Quoting TheScorpS
Entered long EUR/JPY after New York open, TDI crossed up from 32 zone, PA seems to have set the low of the day, setup candle an outside bar, PA moved away from RN 127.500, a trend following trade TP hit for + 52 pips I hope that my analysis is correct , especially if I'm correct about the outside bar, I'm very much on the positive side for the first time in my Forex trading and the first week, so let's just try and keeps the pips coming , my winner chart journal is getting bigger by the numbers of winners...
that bullish OB you mentioned is a A+++ PASR setup with that BUOB and RN 127.50.

127.50 is very special ... historical S&R 127.56 CONFLUENCE
127.56 is Mar 2010 resistance, re-tested in Feb 2013, breakout in April 2013 week 15 - resistance turn support in week 16, and now play support again. It is also Fib-r 50% of week 16 low-high.

now PA will test 128.90 Prev W Fib-r 50% and also the H4 upper channel.
Wait and see if there is bullish momentum for a breakout above or a turnaround back into the H4 down-channel (see my EJ post above).

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,486
  • May 1, 2013 5:53am May 1, 2013 5:53am
What is best thing for me to post when looking for what I am doing wrong? If I post my chart.. should I drag my trade into the chart so it will highlight where I got in and out what other info is best to include... Really trying to turn my account around been very up and down. I know I get to eager to make a trade... and I am working on a checklist that may help me understand the ins and outs better... thanks in advance.
  • #18,487
  • May 1, 2013 6:12am May 1, 2013 6:12am
Romancing The Stop.

A little common sense about the dreaded Stop.
Attached File(s)
File Type: pdf Romancing the Stop.pdf   2.0 MB | 937 downloads
Cut your Losers short and let your Winners run.
  • #18,488
  • May 1, 2013 6:20am May 1, 2013 6:20am
One of the shortest Yet most comprehensive guides to using Fibonacci I have encountered. Covers Retracements, Extensions and Confluence in just 31 easy to understand pages.

It is amazing what you can find on Forex Factory.
Attached File(s)
File Type: pdf Practical-Fibonacci-for-Forex.pdf   419 KB | 824 downloads
Cut your Losers short and let your Winners run.
  • #18,489
  • May 1, 2013 6:44am May 1, 2013 6:44am
Quoting emmanuel7788
{quote} Hi irishtoffy, WELCOME to this TMS family. Hope you will enjoy your stay here and learn to trade the TMS way and make good money. About Heiken Ashi I have 2 pdf for general reading. There are also websites where there are more indepth studies and information. http://stockcharts.com/school/doku.p...is:heikin_ashi http://heikenashi.com/ However, please note that in TMS we use a version of HA called Synergy Average Price Bar or APB in short. There is some difference in the way the APB close...
Thanks Emmaunel! That pdf on APBs was exactly the thing I was hoping for. I have opened up a demo account and practiced just using TDI as the solitary indicator. I did ok, but not great, Im up 100 on a 5000 demo account for the week. I will do a top down analysis this weekend for use in next weeks trading on 2/3 pairs only. So next week I will get more organised (treat it as a proper business) and post charts on any trades I make - winning and losing!

Thanks for all your help!
  • #18,490
  • May 1, 2013 6:45am May 1, 2013 6:45am
  •  Noeliu
  • | Joined Apr 2013 | Status: Hit SL?? Clicked the wrong button | 51 Posts
Hi! I'm new to this forum, and never replied to this thread, but I've been studying this system and it seems the most easy and profitable out there.
I'll post an entry I just have done. Please tell me if its good by the TMS rules. I would apreciate any feedback.

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: Captura.PNG Size: 49 KB
  • #18,491
  • May 1, 2013 7:13am May 1, 2013 7:13am
Quoting emmanuel7788
{quote} that bullish OB you mentioned is a A+++ PASR setup with that BUOB and RN 127.50. 127.50 is very special ... historical S&R 127.56 CONFLUENCE 127.56 is Mar 2010 resistance, re-tested in Feb 2013, breakout in April 2013 week 15 - resistance turn support in week 16, and now play support again. It is also Fib-r 50% of week 16 low-high. now PA will test 128.90 Prev W Fib-r 50% and also the H4 upper channel. Wait and see if there is bullish momentum for a breakout above or a turnaround back into the H4 down-channel (see my EJ post above)....
Thank you for all the explanation, now these I have to grasp them one by one, needs a deeper look

I again this morning took another EUR/JPY long trade, which worked , out for + 20 pips , 1:1 RR
Attached Image (click to enlarge)
Click to Enlarge Name: 5-1-2013_Winner2.jpg Size: 318 KB
I Have Learned to Take Some Losses to Make Profits
  • #18,492
  • May 1, 2013 7:20am May 1, 2013 7:20am
Quoting dee50
One of the shortest Yet most comprehensive guides to using Fibonacci I have encountered. Covers Retracements, Extensions and Confluence in just 31 easy to understand pages. It is amazing what you can find on Forex Factory. {image}
Thanks Dee, I'm very much into Fibo, they are a great tool which helps me in my trading
I Have Learned to Take Some Losses to Make Profits
  • #18,493
  • May 1, 2013 7:46am May 1, 2013 7:46am
PHx62 and Emmanualle , Please give me indicator as u got , Dunno called . Like M1 M5 M15 H1 H4 D1 W1 M1 , i cant find it in paperclip , I got arjun 10 EMA and time trend but urs is better , At 02h15 (south Africa) i put short on GPYJPY , Till now its still on short , Worried about Federal Fund Rates and F O M C , Seems to be dovish ? Dont know if exit or not , Malcolm
  • #18,494
  • May 1, 2013 7:52am May 1, 2013 7:52am
I know this is going to sound some what stupid... but I am still very new to this.... But what is the very first thing I should look for when trying to make an entry? Is there anyone else out there that uses google docs? that I could maybe share with and we could chat about some advice????
  • #18,495
  • May 1, 2013 7:55am May 1, 2013 7:55am
Hi TheScorpS,

could I please ask which post you found the template & indicators for your charts? I tried looking through all the posts and had no luck (it looks just like the one PHX62 uses and I have been trying to find it).
Cheers.

Quoting TheScorpS
Entered long EUR/JPY after New York open, TDI crossed up from 32 zone, PA seems to have set the low of the day, setup candle an outside bar, PA moved away from RN 127.500, a trend following trade TP hit for + 52 pips I hope that my analysis is correct , especially if I'm correct about the outside bar, I'm very much on the positive side for the first time in my Forex trading and the first week, so let's just try and keeps the pips coming , my winner chart journal is getting bigger by the numbers of winners trading charts Thanks Everyone , all the...
  • #18,496
  • Edited 8:29am May 1, 2013 7:59am | Edited 8:29am
Is there any rule of thumb on entering in this system on spread??? such as if the spread is over X then don't enter... or should that matter?


Could someone explain the factors you check before you even consider a trade? spread, news, etc.

I am working on a chart to help me do a better job at entry... I find most of the ones I have seen very confusing. if anyone could offer input on thing I need to add or take away or edit I would appreciate the input

http://img.photobucket.com/albums/v4...hi4/Noname.jpg

What I am looking at and how my trader is set up:
http://img.photobucket.com/albums/v4...chi4/Chart.jpg
  • #18,497
  • May 1, 2013 8:30am May 1, 2013 8:30am
Quoting verouchi
I know this is going to sound some what stupid... but I am still very new to this.... But what is the very first thing I should look for when trying to make an entry? Is there anyone else out there that uses google docs? that I could maybe share with and we could chat about some advice????
Hi verouchi and welcome to the TMS family

Thank you for asking your question.
You can find your answers on page 1 of this thread.
I'm sure you have read it but if you are still confused I hope this will clear things up for you...

Based on the entry rules of this method,
The very first thing you should be looking for on your charts for an entry is a
TDI cross on candle #1 or #2 of a reversal with an angle of 12-2 o'clock for buys or 4-6 o'clock for sells.

However, there is more to it than just that... Like PASR (price action, support and resistance) analysis... Market structure... Etc...

Like every other system it takes time to learn it and apply what you have learnt.
I hope you can follow this thread as we share our thoughts on entries, share our questions and answers.
If you want to save some time and have more resources to learn from go to post #18144 and download the pdf files there. You can learn a massive lot from it.
Happy learning!
  • #18,498
  • May 1, 2013 9:05am May 1, 2013 9:05am
  • #18,499
  • Edited 9:18am May 1, 2013 9:06am | Edited 9:18am
Quoting verouchi
Is there any rule of thumb on entering in this system on spread??? such as if the spread is over X then don't enter... or should that matter? Could someone explain the factors you check before you even consider a trade? spread, news, etc. I am working on a chart to help me do a better job at entry... I find most of the ones I have seen very confusing. if anyone could offer input on thing I need to add or take away or edit I would appreciate the input {image} What I am looking at and how my trader is set up: {image}
A very good question verouchi.

Quoting verouchi
Is there any rule of thumb on entering in this system on spread??? such as if the spread is over X then don't enter... or should that matter?
If the spread is high it could be because of volatile news breakouts or when major banks are closed.
It is during these times we refrain from entering. We should wait for price action to settle down or when banks reopen and the spread returns to normal.
There was no rule "if the spread is over X we don't enter" but it would be logical not to enter when the spread is sky high.

Quoting verouchi
Could someone explain the factors you check before you even consider a trade? spread, news, etc. I am working on a chart to help me do a better job at entry... I find most of the ones I have seen very confusing. if anyone could offer input on thing I need to add or take away or edit I would appreciate the input
Before we even consider a trade based on the TMS method, we should check a few things...
Too many checks might delay our entry decision or lead to indecision.
Just to name a few important ones...

1. TDI cross or TDI bounce at 12-2 or 4-6 o'clock angle.
2. APB candle #1 or #2
3. Price Action
4. Support & Resistance

Before we even begin trading for the day, we should check and watch out for as we trade:

1. High impact news time (Red on ForexFactory news list)

Check a few pages back and read the posts by emmanuel on the checklist for trading TMS

Quoting verouchi
What I am looking at and how my trader is set up
You can add whatever indicator that suits your trading style and comfort, only if it aids in your trading decisions... If it doesn't aid you in any way take it off.
However, I would suggest keeping your charts clean... I feel that there are too many indicators there...
Like you wrote on your checklist, there are only 3 indicators you needed.
1. Average Price Bars
2. TDI
3. Stochastic (8,3,3)
Keep it simple, because it is TMS!
I have removed the 5EMA and Stochastics since and just use the TDI and APB indicators.

Just a few suggestions...

You might want to re-arrange your checklist and determine which are the ones that are of higher priority.
(For example, there must be a TDI-cross or TDI-bounce before I will consider the other factors in my checklist)

You do not have to follow strictly the H4 and H1 trading times that eelfranz follows.
The times he trade are tailored to his time-zone and lifestyle.
Keep in mind when the best times to trade are, and you can tailor it to your own time-zone and lifestyle/preference.

Keep learning!
  • #18,500
  • May 1, 2013 9:21am May 1, 2013 9:21am
Thank you for the input that was helpful... and I am going to try to make some adjustments and be back hopefully with good news.
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