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Trading Made Simple

  • #19,281
  • May 15, 2013 12:08pm May 15, 2013 12:08pm
Emmnuel,

Can you please post the latest templates.

Thanks a lot.

Regards,
Mukesh
  • #19,282
  • May 15, 2013 12:12pm May 15, 2013 12:12pm
Quoting mukeshk
Emanuel, Can you please post the latest templates so i can add them to MT4 and be a part of the group. Thanks in advance. Regards, Mukesh

post #25 is everything you should have and start with.
http://www.forexfactory.com/showthre...49#post4569749

now you post a chart and show me if you have done so.

thanks

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,283
  • May 15, 2013 12:20pm May 15, 2013 12:20pm
Emmanuel,

I get unknown file name when i am saving the files on my desktop

Regards,
Mukesh
  • #19,284
  • May 15, 2013 12:21pm May 15, 2013 12:21pm
Quoting Greenb
{quote} Good morning. Sorry for the late reply Emmanuel. i actually did not notice that IB. what i do notice though is that it has been trading in small range (that's why the 2 orange line). my reasoning was if price broke out of that orange line, then it should carry a higher probability that the market has chosen which side to go. Also i did not put a sell order right under the line because i know that later on there are news release for EU and i did not want my pending order to be hit by spike. do you mind putting an arrow on my chart on where...
ok, see attached below:
Attached Image (click to enlarge)
Click to Enlarge Name: Greenb EU 16-5-2013 1-16-22 PM.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,285
  • May 15, 2013 12:38pm May 15, 2013 12:38pm
Quoting mukeshk
Emmanuel, I get unknown file name when i am saving the files on my desktop Regards, Mukesh

did you do this?
Attached Image (click to enlarge)
Click to Enlarge Name: FF attachment saved as.png Size: 109 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,286
  • May 15, 2013 2:27pm May 15, 2013 2:27pm
Quoting emmanuel7788
{quote} post #25 is everything you should have and start with.
This is settings for TF H4?
This strategy worked the best only H4?
I see screen shots H1. How set parameters other TF (TF15,TF30,TF60).
Thank you for information
  • #19,287
  • May 15, 2013 2:31pm May 15, 2013 2:31pm
Quoting zakopiec
{quote} This is settings for TF H4? This strategy worked the best only H4? I see screen shots H1. How set parameters other TF (TF15,TF30,TF60). Thank you for information
Generaly TMS is used on H1 and H4 system and all training here is focused on H4/H1 time frame.
Basic template is same for various timeframe,.
JacekPreserve Precious Capital
  • #19,288
  • May 15, 2013 2:32pm May 15, 2013 2:32pm
Quoting Jackub
{quote} Generaly TMS is used on H1 and H4 system and all training here is focused on H4/H1 time frame. Basic template is same for various timeframe,.
thx
  • #19,289
  • May 15, 2013 4:11pm May 15, 2013 4:11pm
Hi all,

I'm a bit of an FX newb but I've been lurking in the TMS forums for a while now. I was wondering if any of the more experienced traders in here could have a quick glance over this trading checklist I put together. Any constructive criticism is more than welcome. If there is anything you think I've missed or overlooked please shout up!

As an early draft, the idea is that yellow boxes need to be filled manually, but green boxes could potentially autofill in Excel. I know it looks pretty extensive but please bear in mind that I plan to use this to help filter and reduce error in H4 and D1 trades only, hand-picking the best setups, (In other words I will have the time to go through it)!

The idea is that this checklist will be a universal document and I will edit the detail in box number 2 for different systems. I am also compiling various other documents and plans within which this will eventually sit.

I look forward to your feedback!

Many Thanks.

Alex
Attached File(s)
File Type: pdf TMS Trade Checklist.pdf   193 KB | 1,983 downloads
Focus on the process and the profits will follow
  • #19,290
  • Edited 5:22pm May 15, 2013 4:47pm | Edited 5:22pm
Hi everyone,

Ive stayed away from the forum so far for May to concentrate on the HTF of H4 for my trades.

Posting charts is encouraged for learning and so here are my Demo trades so far, warts and all ....LOL

Comments welcome, Im up around 1.5% for May....not great but better than the usual losses....LOL

Thanks to the senior guys who post here, esp Emmanuel truly great stuff what you do..

Cheers W99
Attached Image(s) (click to enlarge)
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  • #19,291
  • May 15, 2013 4:50pm May 15, 2013 4:50pm
As to the post above, I should point out that some of the trades are clearly in the wrong direction of the H4 TDI etc....that's all part of
the learning process...but I recognize what to do differently moving forward...

W99
  • #19,292
  • May 15, 2013 8:05pm May 15, 2013 8:05pm
Quoting irishtoffy
{quote} I have to take advantage of this to ask you Emmanuel..the D chart below shows a nice downtrend right? But what is the W chart showing? And the 1H chart shows the beginning of a downtrend. Am I interpreting these charts correctly? Would a short trade be too risky here due to conflicting trends different TF? Thanks! {image} {image}

Quoting emmanuel7788
{quote} EG W - consolidation after the last rally D - bias is up H4 - rising channel H1 - sideway after Monday push up. you have S&R .8480 .. that is important. this week PA pullback from RN .8500 and also Prev W Fib 127% Now, to be buyer, I wait to buy at the next HL. all it needs now if for some stimulus (like some major event in the UK or EZ) to make that POP! {image}
http://www.forexfactory.com/attachme...1&d=1368601000

We discussed EURGBP yesterday and my chart posted above.
Now, you must update the same chart on your own and post to share your thoughts based on see from the market movement since that post above.

Note: *** 0.8450 is RN and a CONFLUENCE of S&R. You job is to identify at least 3 other price levels and share which 3 price levels are S&R.

Good Trading today.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,293
  • May 15, 2013 8:24pm May 15, 2013 8:24pm
Quoting Ballistical
Hi all, I'm a bit of an FX newb but I've been lurking in the TMS forums for a while now. I was wondering if any of the more experienced traders in here could have a quick glance over this trading checklist I put together. Any constructive criticism is more than welcome. If there is anything you think I've missed or overlooked please shout up! As an early draft, the idea is that yellow boxes need to be filled manually, but green boxes could potentially autofill in Excel. I know it looks pretty extensive but please bear in mind that I plan to use...
Hi Ballistical,

Your first post in this thread and you shared a piece of very detailed work. Thank you.
Good that you have group the data into 5 categories. All these are good for analysis of our trading.

However, although it is necessary and important, there is so much data which one need to input manually. This may not work becasue it will take up too much time.

A lot of the information are part of trade journalling and not trade checklist. Years ago, I had an Excel spreasheet with some 40plus columns of those details you listed. But now, I had stopped doing my journalling in that way.

TMS trading checklist is should remain short, ... not more than 5 each for entry and exit. But the preparation work is more important for traders to do before starting to trade everyday. With prep work done, the trade checklist will be short and for quick decision making.

Two suggestions (my current way in doing trade journalling):

1) Journalling is best done on a chart with comments written down.

2) Analysis of trades can be done using a software tool and reports printed and save to the trade journal. this is what I do.

These are my thoughts on top of my head on seeing your nice piece of work.

I'll PM you on my software tool for trade analysis.

Thank you again for sharing here.

Good Trading ahead.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,294
  • May 15, 2013 8:54pm May 15, 2013 8:54pm
Quoting wizard99
Hi everyone, Ive stayed away from the forum so far for May to concentrate on the HTF of H4 for my trades. Posting charts is encouraged for learning and so here are my Demo trades so far, warts and all ....LOL Comments welcome, Im up around 1.5% for May....not great but better than the usual losses....LOL Thanks to the senior guys who post here, esp Emmanuel truly great stuff what you do.. Cheers W99 {image} {image} {image} {image} {image} {image}

Quoting wizard99
As to the post above, I should point out that some of the trades are clearly in the wrong direction of the H4 TDI etc....that's all part of the learning process...but I recognize what to do differently moving forward... W99
Hi Steve,

Thank you, appreciate your kind words and encouragement.

Thanks for posting those trades and charts. Clean charts are good when we trade. The preparation work before we start trading is very important and I really must remind everyone here to do their prep work.

I'll use your charts and add them to my jorunal this weekend for post-mortem analysis.

Let me just put some pointers here:
Everyday, when we start our trading day,
1) Look at the Weekly chart and the last week' candle. Take note of the W candle OHLC. Pay attention to the Upper and Lower wicks.

2) If the W candle is bullish, then our bias is UP.... we look to Buy only.

3) Now switch to and look at the Day chart, look at the 5 - D candles which formed the previous Week candle. Study closely which of D candles formed the W candle Upper wick.

4) Look at the D candles,
is there momentum?
is there consolidation?
is there reversal pattern?
is there Candlestick (CS) pattern for setup,
what were the traded range?

5) Using the D chart now, you can make another decision if you want to be buyer or seller (Counter-Trend trading) , but remember the W candle bias.

6) Now switch to H4 chart and look out for all the S&R from your Big Picture planning.
- any MN S&R within the current market trading price (Big Picture)
- where are the W S&R (Big Picture)
- where are the Prev W Fib levels? ( Use Fibonacci tool)
- Look for PA near the CONFLUENCE near S&R and RNs....
- if there is D CS like an IB, make your Plan A and Plan B to trade the IB Breakout.
- on your H4 chart, look for H4 CS patterns - IB, DIB, DBHLC, DBLHC, BUOB, BEOB, BU/BE Engulfing Candles, Pop Gun, etc.
- Remember your TMS Entry rules - TDI cross, APB/HA candle count, Stoch confirmation, PA agrees with TDI, PA happen at S&R Confluence.

- remember DISCIPLINE in PATIENCE and TIMING.... then perfect that trigger pulling skills.


7) Manage your trades using H4. Never never manage your trade looking at lower TF like M30, M15.

Good Trading day ahead.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,295
  • May 15, 2013 9:38pm May 15, 2013 9:38pm
Hi Emmanuel,

can you please look over my prep work and see if i have done it properly?

EU is on a downtrend at the moment both in daily and weekly

support at
1.2860
1.2839-40
1.2748
1.2480

resistance at
1.2936
1.29950-1.3 RN

accordingly i should look for a short. At the moment, price hit and rebounded a little bit from 23.6 fib line but it is still Tokyo trading hour.
Depending on the movement of the price, it may goes up beyond 23.6 most likely to 1.29 for a fakeout before coming back down again in which i should pay close attention to 1.2839-40 support line.

If price can clear 1.2839-40 zone then 1.2750 should be the next support line in which it should be a pretty good TP zone. At this point, there should be 2 possibilities

Possibility 1
Price hit 1.2750 and rebound hard and retrace back up to possibly around 1.28 region

Possibility 2
Price hit 1.2750 and consolidate a while in which it gathers strength and move down smoothly

Greenb
Attached Image (click to enlarge)
Click to Enlarge Name: eu4h 16-5-2013.gif Size: 66 KB
Daniel
  • #19,296
  • May 15, 2013 9:59pm May 15, 2013 9:59pm
Quoting Greenb
Hi Emmanuel, can you please look over my prep work and see if i have done it properly? EU is on a downtrend at the moment both in daily and weekly support at 1.2860 1.2839-40 1.2748 1.2480 resistance at 1.2936 1.29950-1.3 RN accordingly i should look for a short. At the moment, price hit and rebounded a little bit from 23.6 fib line but it is still Tokyo trading hour. Depending on the movement of the price, it may goes up beyond 23.6 most likely to 1.29 for a fakeout before coming back down again in which i should pay close attention to 1.2839-40...

can't comment now....
too hungry and and cannot focus.
need to go to nearby taekaway and grab some dinner.

but you are 'corrupting' your trader's mind with possibilities. Trade what you see using PA + SR + TMS rules.


will be back in a while.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,297
  • May 15, 2013 10:57pm May 15, 2013 10:57pm
Quoting bobhowson
Hi Guys, I use the TMS system but with a few added indicators and I only trade 4H & D1 time frames. 1) Trend Lines or Channel Lines 2) Support & Resistance 3) Zig Zag Indicator 4) Stochastic ( settings are ) 5,3,3 I mainly set my TP just under or above the resistance level and I always search for the best trending pair. Pictured is my current trade for tonight the USD/JPY. Also I ALWAYS look for a pair that is Over Bought or Over Sold. Hope this helps ! :-) {image}
Hi bobhowson,

Can I have your template which contain time and location? because I found it very useful for me.

Besides that, how to say a pair is Over Bought or Over Sold?

Appreciate for any advice.
Prominent88
  • #19,298
  • May 15, 2013 11:17pm May 15, 2013 11:17pm
Quoting emmanuel7788
{quote} can't comment now.... too hungry and and cannot focus. need to go to nearby taekaway and grab some dinner. but you are 'corrupting' your trader's mind with possibilities. Trade what you see using PA + SR + TMS rules. will be back in a while.
no worries. Whats the time over there?
Daniel
  • #19,299
  • May 15, 2013 11:55pm May 15, 2013 11:55pm
Quoting Jackub
{quote} Gegeorge, both your MTF indicators are showing downtrend, it is risky for me to take it... you are chasing retracement or even reversal, what I can see on H4 it is IB, IB and OB soemthing like pop gun, maybe will work out
Hi Jackub,

May I know what is IB and OB in your previous post?

Prominent88
  • #19,300
  • May 16, 2013 12:19am May 16, 2013 12:19am
Quoting Prominent88
{quote} Hi Jackub, May I know what is IB and OB in your previous post? Prominent88
this are short names for Inside Bar and Outside Bar
JacekPreserve Precious Capital
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