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Trading Made Simple

  • #19,401
  • May 17, 2013 7:28am May 17, 2013 7:28am
Hey,

I took this trade today based on the just finished 4H CS. It seemed like a strong bullish candle, the trend is bullish. I put SL where you see it at swing low, have TP1 at swing hi 9740, and TP2 9799.

Is this a valid TMS entry?

I have a terrible habit, of closing out winning trades early and letting my losers run. Its so hard to just forget about a trade after I open it. I see now how its so much psychological!

I also lost 2 trades this week because I put a SL too close..so yet another lesson to learn..pick a reliable SL
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  • #19,402
  • May 17, 2013 7:29am May 17, 2013 7:29am
Quoting bigpips
Good post and document! You are on right track...or so I hope cause Im doing things very similair! Away from short timeframes..4h and higher for me! Simple rules, easy to follow: Day/week direction Moving from Support/resistance with TDI cross Tok-5h breakout with TDI cross Im trying to make things very simple..looking at less is better for me at moment. Sometimes i miss things Emmannuel mentions but we have to remember he's more experienced and we'll get there. Enjoy the journey! This is a great place to be {quote}
Is there an indicator for this TOK 5H Breakout?
  • #19,403
  • May 17, 2013 7:35am May 17, 2013 7:35am
Emmanuel,

To me this week was a big test of patient. May I ask how many regular TMS trades (based on crosses, not on bounces) did you take this week on the following pairs:
EUR/USD, EUR/JPY, EUR/GBP, USD/JPY, USD/CHF, AUD/USD, NZD/USD, AUD/JPY, GBP/JPY, USD/CAD

I have taken none...

Thanks!
Remember I'm a newbie!
  • #19,404
  • May 17, 2013 7:39am May 17, 2013 7:39am
Pretty sure there will be but I just draw my own boxes.


Quoting irishtoffy
{quote} Is there an indicator for this TOK 5H Breakout?
  • #19,405
  • May 17, 2013 7:57am May 17, 2013 7:57am
HI all
I am Hernan been trading and losing for a while , then stop. Still not giving up hope to find a good system. Only get money on obvious trades (like AUD USD short during the last week)

Unfortunately i did not find clear rules of entry in the first page (I am probably not reading it properly) so I thought an image says more than a 1000 words

Is this an entry? The stochastic seems to tell that it is overbought but did not know if that was part of the OP trading entry rules or not.

BTW OP still posting?

image attached. Thanks a lot to however answers

Hernan
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  • #19,406
  • May 17, 2013 7:58am May 17, 2013 7:58am
this image did not upload before!
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  • #19,407
  • May 17, 2013 8:17am May 17, 2013 8:17am
Like I announced this morning I was watching GPBJPY. I'm short now, break of TL. cross TDI on H4. I'm aware that it's CT trade.
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  • #19,408
  • May 17, 2013 9:15am May 17, 2013 9:15am
Quoting firzawajedi
{quote} Can I ask you to insert an image that I have an example. I am sorry because I asked a lot of really new in this trading system. thank you
Look at the picture I uploaded under and above the grey lines you have candles with long upper and lower wicks ( in proportion to the candles ) means to me that buyers and sellers don't know what to do. Market is waiting, so so should we too. There was consolidation between the yellow lines, continues to your candle, I would only take the trade if I see a stron candle showing me POWER from sellers or buyers

Hope this helps, maybe I'm wrong, somebody can maybe explain better or correct me !
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Don’t ever let someone tell you that you can’t do something.
  • #19,409
  • May 17, 2013 9:21am May 17, 2013 9:21am
Quoting emmanuel7788
{quote} that is the US PPI Bar, which set the High and Low. Now everbdoy is scared of that high and low and not moving near them. So I look for breakout of either end of that PPi Bar. I go down to lower TF H1 and look for a good setup using TMS. The weekly retracement is very shallow, so before the next move, market will make a swipe to take out all stops at both ends and then decide the next direction.

EJ 17 May:

there is still no breakout of this 15 May US PPI Bar H4 high-low yet... no trading until this breaks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,410
  • May 17, 2013 9:23am May 17, 2013 9:23am
Quoting Pipsmurfer
Like I announced this morning I was watching GPBJPY. I'm short now, break of TL. cross TDI on H4. I'm aware that it's CT trade. {image}

sorry mate, no buying of Yen until Abe and Aso say so ...don't know when that will happen...

no buying Yen mean no selling of pairs - EJ, GJ, AJ, CJ, etc....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,411
  • May 17, 2013 9:23am May 17, 2013 9:23am
Quoting irishtoffy
{quote} Is there an indicator for this TOK 5H Breakout?
You can use this change asian hours and disable london and N-Y
Attached File(s)
File Type: ex4 i-SessionsLn.ex4   9 KB | 424 downloads
Don’t ever let someone tell you that you can’t do something.
  • #19,412
  • May 17, 2013 9:27am May 17, 2013 9:27am
Quoting mierzyk
Emmanuel, To me this week was a big test of patient. May I ask how many regular TMS trades (based on crosses, not on bounces) did you take this week on the following pairs: EUR/USD, EUR/JPY, EUR/GBP, USD/JPY, USD/CHF, AUD/USD, NZD/USD, AUD/JPY, GBP/JPY, USD/CAD I have taken none... Thanks!

read post#18,881.
http://www.forexfactory.com/showthre...42#post6664442


use the TDI arrow and do visual back-test to see how many TDI cross for Entry and Exit for the ccy pair you mentioned.

that should work and you will see how many trade opportunties thee were this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,413
  • Edited 9:56am May 17, 2013 9:42am | Edited 9:56am
Quoting thewriter30
HI all I am Hernan been trading and losing for a while , then stop. Still not giving up hope to find a good system. Only get money on obvious trades (like AUD USD short during the last week) Unfortunately i did not find clear rules of entry in the first page (I am probably not reading it properly) so I thought an image says more than a 1000 words Is this an entry? The stochastic seems to tell that it is overbought but did not know if that was part of the OP trading entry rules or not. BTW OP still posting? image attached. Thanks a lot to however...
Hernan,

Welcome to this TMS thread.

To learn this trading method, you must find the time to read this thread. I know there are many posts to read but it will be worth the work and you will learn a very simple trend trading method here and you must make that the core of your own trading system. There is a pdf summary made so this can be a quick start. Here download and read over this weekend. http://www.forexfactory.com/attachme...mentid=1179094
All the TMS trading rules are in that pdf.

The main indicator we use is the TDI.
The Stoch is useless when it is in OB and OS regions. Your chart already tell you why it is so.

Your chart show USDCAD H1. That entry you marked is a good PA entry using H1 Inside Bar for CONTINUATION entry. It is s good entry becaus the H4 TDI cross much earlier and there is nice trending market condition. But you must be aware that that entry is H4 APB/Ha candle no.3 after the TDI cross.

FYI, eelfranz aka Big E passed away last year. But many of us are here to help one another in learning and trading TMS.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,414
  • May 17, 2013 10:08am May 17, 2013 10:08am
Quoting emmanuel7788
{quote} sorry mate, no buying of Yen until Abe and Aso say so ...don't know when that will happen... no buying Yen mean no selling of pairs - EJ, GJ, AJ, CJ, etc....
I'must learn to listen better to the master........-70 pips now.
  • #19,415
  • May 17, 2013 7:04pm May 17, 2013 7:04pm
Quoting mierzyk
emmanuel7788, There is this one important question that returns to me like a boomerang. Would you be that kind and take a look at it?: Post number 17596 By the way, SL at BE hit on AU. Thanks! M.

hi mierzyk,

sorry for this off-topic question.

how do you create that hyperlink "Post number 17596 " in your post above.

I usually use the FF http: as link in my posts.

thanks..

Have A Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,416
  • May 17, 2013 7:10pm May 17, 2013 7:10pm
Quoting Pipsmurfer
{quote} I'must learn to listen better to the master........-70 pips now.

Pipsmurfer,

we all must listen to the Market ... not simply listen to anyone here in FF writing all sorts of things. I am wrong 45% of the time.
so you must know when the 45% appears and if you do the opposite of what I do.
Plus the other 55%, you will most likely make it to very close to 99% but never 100%

Have a Good Weekend...enjoy the spring time with your family and loved ones.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,417
  • Edited 7:53pm May 17, 2013 7:32pm | Edited 7:53pm
US PPI Bar 15 May

this week we talked about that US PPI news and that created a PPI Bar a mother bar for several smaller H4 bars.
Market is in consolidation after 2 consecutive weeks bull run.
so how did you trade this week?
just looking at the USD majors, EUR and GBP crosses, there were more than 5 good A+++ 4H trades.

Now your work for this weekend is to backtest the the month of April and first 2 weeks May.

Enjoy and Have a Good Weekend.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,418
  • May 17, 2013 8:11pm May 17, 2013 8:11pm
EJ Week 20 Big Picture update for next week' trading:

Now your job is to complete the Weekly chart update with W S&R and make your trade plan for next week.

Check you FF Calendar for major news / data release and plan you trading day for EJ..... 100pips next week.

Have a Good Weekend.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,419
  • May 17, 2013 8:22pm May 17, 2013 8:22pm
Quoting emmanuel7788
{quote} hi mierzyk, sorry for this off-topic question. how do you create that hyperlink "Post number 17596 " in your post above. I usually use the FF http: as link in my posts. thanks.. Have A Good Weekend.
TYPE ANYTHING YOU WANT IN HERE

As per the picture, Insert the link as normal, where you see the highlighted area, you can type anything you want in there or go to another page, Copy (Cntl+C) and come back and paste (Ctrl+V) while it is still highlighted ans it will be pasted in there, good luck,

PS - you are doing terrific job here, I am having good success with 100pipsadays threads
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It takes a lot for me to IGNORE you, but you can try.
  • #19,420
  • May 17, 2013 9:18pm May 17, 2013 9:18pm
Quoting emmanuel7788
{quote} All JPY pairs are enjoying a bull run but AJ is in consoldiation in recent weeks due to AUD weakness. Buyt I see you took that trade well coming off the Fib50% and the previous week candle is inverted hammer and D is bearish. Good pips you made there for a narrowing sideway market. Good Trading.
Hi Emmanuel,

May I ask your opinion regarding why we need to look at Fib50% or Fib127% in the chart? Is it this will give any hints for our entry or exit decision?

Besides that, what is inverted hammer and sideway market?

Sorry for asking so many basic questions because I really interested to know about these.

Appreciate for any advice,
Prominent88
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