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Trading Made Simple

  • #18,861
  • May 7, 2013 3:06pm May 7, 2013 3:06pm
Hello,

My bounce trade at AU LO. I still can not manage with stop loss and take profit levels. Can you please help me with this?
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  • #18,862
  • May 7, 2013 3:16pm May 7, 2013 3:16pm
How's this look...


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  • #18,863
  • May 7, 2013 3:50pm May 7, 2013 3:50pm
Quoting croopskee
Hello, My bounce trade at AU LO. I still can not manage with stop loss and take profit levels. Can you please help me with this? {image}
One way to make the stop loss more manageable is to wait for the normal TMS conditions to be met on the H4 time frame then move to the H1 and wait for a pull back and enter on that.

I do this mostly when I'm not so sure of the setup and it works quite well. Occasionally you won't get a good pullback and the trade goes to waste, however - to balance this the shorter stop loss can mean a slightly bigger lot size.

As for the take profit - I tend to make this more conservative than a lot of people who trade this system. I'm quite happy with it - since yesterday morning I've got 3 wins at around 40 pips and one loss at 30. This style of doing it suits me nicely, I usually reckon on 4 or 5 trades a week on this system with a decent win loss ratio.

So, you can mitigate stop loss by moving to the H1 and waiting for a pull back and shorten take profit expectations - it's a winning formula and less stressful!!

Stick with it 'cos it works!!

Good luck,,
Don't ask me, I have no idea what's going on.
  • #18,864
  • May 7, 2013 8:33pm May 7, 2013 8:33pm
Told ya !!!

Quoting okanemici
Hi Emmanuel & Guys, I happened to see this possible reversal on AUDNZD.This made a very long down wick today and closing high.By wednesday and thursday aud and nzd data this could be my very possible reversal lottery to you all Regards, Okan {image} {image} {image}
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  • #18,865
  • May 7, 2013 9:25pm May 7, 2013 9:25pm
Beautiful!!!! Kicking myself for not taking it!!!!!


Quoting okanemici
Told ya !!! {quote} {image}
  • #18,866
  • May 7, 2013 9:29pm May 7, 2013 9:29pm
Folks,

Keep a tab on U/C, its Showing Divergence on H4, get down to LTF & wait for the trigger,

All the best
PIPstar
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  • #18,867
  • Edited 10:54pm May 7, 2013 10:34pm | Edited 10:54pm
Quoting okanemici
Told ya !!! {quote} {image}
http://www.forexfactory.com/attachme...1&d=1367976820

yes, you told us...but did anyone listen? LOL.

here is my POMO using recent MN and W1 support & resistance.

one week of price consolidation in week 18 around a MN S&R Oct 2007 and BR 1.2060, then week 19 PA made a push down....to 1.1950, ... looks like someone wants to BUY at very low with higher than usual volume.

Pay attention to spikes and after that....when there is Red code news release.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD week 18 and 19 POMO 8-5-2013 11-05-29 AM.png Size: 116 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,868
  • May 7, 2013 10:42pm May 7, 2013 10:42pm
Quoting -PIPstar
Folks, Keep a tab on U/C, its Showing Divergence on H4, get down to LTF & wait for the trigger, All the best PIPstar {image}
that H4 divergence is tempting, it will be a good retracement trade entry if price pullback to 1.0100 region.
two nice IBs in consecutive sequence is sign of consolidation and look for breakout move.

but a 50 pips counter - trend trade is worth a closer look with a small initial SL and RR 1:1 trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,869
  • May 7, 2013 10:51pm May 7, 2013 10:51pm
Good morning guys. I subscribed to this thread a couple of days ago and I have to say I am impressed by the honest and helpful contribution of many of the members. This is a great valuable help for all, i think. I have a question, though, because i noticed different settings on the Stoch Indi in some of the images attached. Can someone give some more info, on which are the best Stoch settings for this strategy?
  • #18,870
  • May 7, 2013 11:18pm May 7, 2013 11:18pm
Quoting gegeorge
Good morning guys. I subscribed to this thread a couple of days ago and I have to say I am impressed by the honest and helpful contribution of many of the members. This is a great valuable help for all, i think. I have a question, though, because i noticed different settings on the Stoch Indi in some of the images attached. Can someone give some more info, on which are the best Stoch settings for this strategy?

Hi gegeorge,

Welcome to this TMS family started by the late eelfranz aka Big E.

For the Stochastics, Big E use the common default setting (8,3,3) which he shared since his early days trading with Craig Stochastics with 5EMA.
This Stoch has somehow got stuck with many of us. Other traders with more experience have dropped this Stoch and rely on the TDI and the APB/HA.
Stoch(8,3,3) is a good confirmation of the PA with TDI cross.

Look forward to see you post some of your charts and participation in our discussions.

Good Trading going forward from here.

Regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,871
  • Edited May 8, 2013 12:02am May 7, 2013 11:36pm | Edited May 8, 2013 12:02am
Quoting terminator12
{image} Emmanual and Traders , In April there us two arrows suggests is short on the chart , But its long , Explanation please Malcolm .
http://www.forexfactory.com/attachme...1&d=1367933106

Hi Malcolm,

I hope you are well.

Just want to pick up from your last question and I looked back at Apri H4 charts again. There were as usual many TDI crosses up and down. Most were not tradeable when we do the usual higher TF bias check and filter.

There are 3 very significant MN Support & Resistance as show in my chart below. The dark violet colour lines are MN S&R.

Using these 3 MN S&R, there were 3 A+++ trades with PA Candlestick patterns entries with the APB.

On you chart, you have the Prev W Fib levels. In week 16, there was a A+++ trade with PA failure at the Prev W Fib 127%.

All the other TDI cross with APB/HA C#1 and C#2 were not the A type trade as they truned out. But with nippy management the way Big E does so, one may get away with some pips and not many losing trades of small pips.

See my chart attached below.

This shows that on an average month, we can find enough H4 trades just trading EU alone. Of course we will have very dry months when market goes in very narrow range consolidation.

After all, looking at 4H trading, it is relaxing and low stress. We simply need to do our own preparations work and be ready and know what we will look for when market opens.

Attached is a TDI cross indicator which will show all the TDI crosses. We just need to pick the A-type setups.

Trade Well,

regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD April POMO TMS 8-5-2013 7-53-11 AM.png Size: 122 KB
Attached File(s)
File Type: mq4 xTDI-Arrow v1.00.mq4   15 KB | 615 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,872
  • May 7, 2013 11:41pm May 7, 2013 11:41pm
Quoting emmanuel7788
{quote} Hi gegeorge, Welcome to this TMS family started by the late eelfranz aka Big E. For the Stochastics, Big E use the common default setting (8,3,3) which he shared since his early days trading with Craig Stochastics with 5EMA. This Stoch has somehow got stuck with many of us. Other traders with more experience have dropped this Stoch and rely on the TDI and the APB/HA. Stoch(8,3,3) is a good confirmation of the PA with TDI cross. Look forward to see you post some of your charts and participation in our discussions. Good Trading going forward...

Thanks, emmanuel, I really appreciate this. I will try to contribute to this thread the best way I can.
  • #18,873
  • May 7, 2013 11:46pm May 7, 2013 11:46pm
Quoting emmanuel7788
{quote} {image} Hi Malcolm, I hope you are well. Just want to pick up from your last question and I looked back at Apri H4 charts again. There were as usnual many TDI crosses up and down. Most were not tradeable when we do the usual higher TF bias check and filter. There are 3 very significant MN Support & Resistance as show in my chart below. The dark violet colour lines are MN S&R. Using these 3 MN S&R, there were 3 A+++ trades with PA Candlestick patterns...
Emmanuel, you just created a lazy monster by posting that TDI arrow indicator ;p
Daniel
  • #18,874
  • May 8, 2013 12:05am May 8, 2013 12:05am
Quoting Greenb
{quote} Emmanuel, you just created a lazy monster by posting that TDI arrow indicator ;p

that makes 2 lazy monsters... LOL .

I am a very lazy person you all should know that.
I automate many things in my trading to make my life more manageable and I have more time for fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,875
  • May 8, 2013 12:06am May 8, 2013 12:06am
that said, im in AU now
TDI cross looks okay, Stoch is mediocore
however, it looks like PA have not wanted to go past that yellow 161.8
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Daniel
  • #18,876
  • May 8, 2013 12:31am May 8, 2013 12:31am
Hi Emmanual , Thanks for good explanation, Im very well , so busy , even today but i did manage to make 160 pips in two days , Not bad , Picking up well lately . But still learning
XtTDi Arrow does it go to indicator . When i put in chart and it freeze , and does not show arrow ?
  • #18,877
  • May 8, 2013 12:45am May 8, 2013 12:45am
[quote=terminator12;6664416]Hi Emmanual , Thanks for good explanation, Im very well , so busy , even today but i did manage to make 160 pips in two days , Not bad , Picking up well lately . But still learning XtTDi Arrow does it go to indicator . When i put in chart and it freeze , and does not show arrow ?[/QUOT

Hi Terminator12
it does go to the indicator folder under experts. i tried it on mine and its working nicely. maybe try restarting your mt4 or comp? i find that usually minor glitch disappear after restart.
Daniel
  • #18,878
  • May 8, 2013 12:46am May 8, 2013 12:46am
Quoting terminator12
Hi Emmanual , Thanks for good explanation, Im very well , so busy , even today but i did manage to make 160 pips in two days , Not bad , Picking up well lately . But still learning XtTDi Arrow does it go to indicator . When i put in chart and it freeze , and does not show arrow ?

ok, found the problem. Sorry its my fault.

you need to have a TDI with the proper name "Traders_Dynamic_Index" ...
* careful with the '_' use between the words.

If you have the TDI_RT ,,, just rename that to "Traders_Dynamic_index". This would work too.

or download the one here.
Attached File(s)
File Type: mq4 xTDI-Arrow v1.00.mq4   15 KB | 1,094 downloads
File Type: mq4 Traders_Dynamic_Index.mq4   9 KB | 1,019 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,879
  • May 8, 2013 12:59am May 8, 2013 12:59am
Quoting emmanuel7788
{quote} ok, found the problem. Sorry its my fault. you need to have a TDI with the proper name "Traders_Dynamic_Index" ... * careful with the '_' use between the words. If you have the TDI_RT ,,, just rename that to "Traders_Dynamic_index". This would work too. or download the one here. {file} {file}
Yes Its working . Its so amazing , When i get back will do it all Thanks
  • #18,880
  • May 8, 2013 1:20am May 8, 2013 1:20am
My first trades this week:

AU an AJ

AUD/USD H4
AB=CD
Historical resistence at the low of the current swing down
Engulfing pattern
Double bottom.
I'm just a bit scared if it is not too "against the trend"
Divergence

Can anyone show me a better example of TMS entry? There is like everything here... What is your opinion regarding this entry?


AUD/JPY H4:

Double bottom at Fibs,
Bounce off rom support (29.04)
Perfect cross of TID (hardly rememmber any better)



This time I placed my SL at the bottom of swing low-not at the bottom of the setup bar, which works better to me, because the low is very close to setup bar.

Share your comments.
Have a good trading day.
M.
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