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Trading Made Simple

  • #19,601
  • May 22, 2013 11:23am May 22, 2013 11:23am
I've been backtesting a bit with a higher TF Stoch as a filter. Trades are taken only in the direction of it.
Appears to be quite successfull.
If somebody wants to try, just throw it into your TDI or a seperate window and set to one TF above your trading TF.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 39 KB
Attached File(s)
File Type: mq4 #MTF Stochastic v2.0.mq4   6 KB | 555 downloads
Thoughts are things
  • #19,602
  • Edited 2:29pm May 22, 2013 2:12pm | Edited 2:29pm
Quoting atuque1
Hi All, It's been so long that I did not visit this forum. Still studying this TMS System, which seems so simple, & always simple. Just don't overthink about it... Previously, I was able to made my account grew from USD10 to USD50 in 3 weeks only.. that's more than 40%!! But blew it when I harshly clicked to buy or sell, without waiting patiently... & there came MC!! Now, I started again with USD10 (micro account)... in less than 2 weeks, made 120% profit... & this is a real micro account. Just to boost up the forum again...{image}
Hi mate...
Looks like you are very lucky guy.. 11 winnig trades in row with avaerage win of 21 pips per trade , (which is rather not to much as for this method), but I can not see you are using Stop Loss order. Same time you are placing big size order like 0.85L, 0.55 L 0.65 L which is higly risky as for 1000 account. So far its nice, but show me please this account with in next few monthts. Can you be so lucky in longer term? Even one internet failure when trade is open and market will go against you can damage everything. I would advice you to study litttle bit about risk management. Anyway wish you good luck...
JacekPreserve Precious Capital
  • #19,603
  • May 22, 2013 2:16pm May 22, 2013 2:16pm
Quoting Quezoy
I've been backtesting a bit with a higher TF Stoch as a filter. Trades are taken only in the direction of it. Appears to be quite successfull. If somebody wants to try, just throw it into your TDI or a seperate window and set to one TF above your trading TF. {file} {image}
the system itself is successful. its the trader's mentality that will determine weather its a great system or just a so-so system.

TP hit on short at +50 pips. could have gotten more but i'm just too tired and don't have time to monitor the trade so the automatic tp.
total pips for today = 123 out of the possible 200 pips
mood: happy

p.s EJ moves may have changed my daily perspective for trading it later tonight. same with EU
Attached Image (click to enlarge)
Click to Enlarge Name: ej 1h 23-5-2013.gif Size: 57 KB
Daniel
  • #19,604
  • May 22, 2013 2:55pm May 22, 2013 2:55pm
Hi Emmanuel,
Great last few pages of posts and reminders for us to learn from!
I'm back to real work so sorry not to active here since trading taking a back stage...
Trying to be very patient so will only take a trade if A+++ set-up in my mind when Im at screen.
Looking at D-graph trading that might suite me better during busy periods. Grateful to be busy though!

Thanks for your continued support here...you are definitely challenging me with your post to keep digging and learning!

Cheers all
Trade well


Quoting emmanuel7788
very quiet ... nobody is posting anything... I might as well go back to bed and enjoy some dreams. Good Trading folks.
  • #19,605
  • May 22, 2013 2:57pm May 22, 2013 2:57pm
So Simple!

BACK TO BASICS!!

Quoting emmanuel7788
Here is an important post: {image}
  • #19,606
  • May 22, 2013 3:03pm May 22, 2013 3:03pm
Phx62... confirms it!
Another great post to remind us to keep it simple!

Awesome trading!


Quoting Phx62
As I review recent posts in this thread, I find many charts with a multitude of multicolored lines, arrows and indicators on them and many comments about how unsure the traders are to enter trades. There are always reasons NOT to take a trade and one can always find reasons to take a trade. It appears that many thread patricipants have "analysis paralysis" in making decisions about whether or not to enter. In my opinion, much of the SIMPLE has been recently overlooked on this thread.....Big E reiterated over and over that trading must be kept...
  • #19,607
  • May 22, 2013 4:19pm May 22, 2013 4:19pm
Three EJ trades today....the first was an H1 trade taken at LO. The other two were M15 trades taken following pullback bar patterns with TDI green crossing over red (and yellow on the first M15 trade) and both leaving the overbought/oversold areas. The second M15 trade was running out of steam, so I exited manually.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.5.22 ej h1.png Size: 49 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.5.22 ej m15.png Size: 54 KB
  • #19,608
  • May 22, 2013 5:05pm May 22, 2013 5:05pm
Quoting Phx62
Three EJ trades today....the first was an H1 trade taken at LO. The other two were M15 trades taken following pullback bar patterns with TDI green crossing over red (and yellow on the first M15 trade) and both leaving the overbought/oversold areas. The second M15 trade was running out of steam, so I exited manually.{image} {image}
Hello Phx62, good job. I was wondering, after the 40pip m15 trade, the tdi crossed back up and then went down again for about 100pips. What made you decide not to enter? was it because there was no obvious s/r or the tdi being at 50?
  • #19,609
  • May 22, 2013 5:15pm May 22, 2013 5:15pm
Quoting Prominent88
{quote} Hi Emmanuel, May I know what is MBL? Any advice? Thanks Prominent88

Prominent88,

You must read this thread and those posts where there are pdf attachments. A lot have been posted over and over again.

http://www.forexfactory.com/showthre...=6638772#reply

http://www.forexfactory.com/attachme...mentid=1182066

Quoting emmanuel7788
{quote} TDI notes
regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,610
  • May 22, 2013 5:58pm May 22, 2013 5:58pm
Quoting Greenb
{quote} Emmanuel, in your own opinion, will you trade the recently closed EU/GU candle? looking at the candle, it looks very strong with lots of momentum. however ive read somewhere that a move like can't be sustained. is it safer to just stay out of the trade or wait for a pull back?
Greenb,

I use the EURGBP post of the previous 2 weeks and provide an update here below.

I several of Big E' post, he mentioned that after the TDI cross and APb/Ha chage colour, the APB/HA run for 3 to 8 candles. This is quite true from my trading experience.

However, there are situauons when ranging market breaks out to a new trend, the run can go on for a lot more HA candle.

EURGBP was in a wide ranging market type for past weeks. The average traded raneg for the past 5,10,15 and 20 weeks was about 126pips.
Last week was only 95 pips traded.

Following the 4H channel which we draw in week 19, the PA broke below this 4H channel and then this week PA return back into this rising channel.

Knowing the market traded Range is one of the 10 things which I look at when I plan my trades.
Market Volatility is the other thing which I look at. In this week example with EURGBP, today this pair broke previous week' high in a very strong momentum. I therefore would exepct to see the Fib 127% and 161% as my potential targets. And these are within the average traded raneg of the past 20 and 100 weeks of 134
and 156 pips. True enough, it made 151pips this week and now reverses.

But let's bear in mind this week is very much news driven and the market beat up GBP and pushes EUR up and down.

4H trading is relaxingly simple and lots of fun when we do our prep work and we know exactly what to look for in our charts.

When market type is narrow or wide ranging, channeling technique work best. But the challenge most traders have is how to identify each market type.

See details in chart below.

regards,
EWMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 21 POMO 23-5-2013 6-24-05 AM.png Size: 113 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,611
  • May 22, 2013 6:05pm May 22, 2013 6:05pm
Quoting bigpips
Hi Emmanuel,Great last few pages of posts and reminders for us to learn from!I'm back to real work so sorry not to active here since trading taking a back stage...Trying to be very patient so will only take a trade if A+++ set-up in my mind when Im at screen. Looking at D-graph trading that might suite me better during busy periods. Grateful to be busy though! Thanks for your continued support here...you are definitely challenging me with your post to keep digging and learning! Cheers all Trade well {quote}

bigpips,

Trading D chart TF is good. But we still look at 4=H periods, so the discipline is to check our charts every 4-Hour period for potential trade setups. This will become easier when we do our prep work and we know what to look for.

4-hour period trading does not mean we have to trade the H4 charts. We can have different brokers and we see different H4 candles. We can in fact trade of the M15 and H1 on 4-hourly intervals. What is important is we do our Big Picture planning and we make our trading plan for each currency pair we trade and be ready to pull the trigger when we see our setups. The truth is I look at M15 charts all the time but I have my view of the H1 and H4 candle formation in the background.

Hope this will help some of the people here.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,612
  • May 22, 2013 6:08pm May 22, 2013 6:08pm
Quoting tenmilewalk
{quote}Hello Phx62, good job. I was wondering, after the 40pip m15 trade, the tdi crossed back up and then went down again for about 100pips. What made you decide not to enter? was it because there was no obvious s/r or the tdi being at 50?
That was about the time the FOMC minutes was due to be released and I don't trade the news. Also, the TDI was hanging around the 50 line with no clear direction.
  • #19,613
  • May 22, 2013 6:15pm May 22, 2013 6:15pm
Quoting atuque1
Hi All, It's been so long that I did not visit this forum. Still studying this TMS System, which seems so simple, & always simple. Just don't overthink about it... Previously, I was able to made my account grew from USD10 to USD50 in 3 weeks only.. that's more than 40%!! But blew it when I harshly clicked to buy or sell, without waiting patiently... & there came MC!! Now, I started again with USD10 (micro account)... in less than 2 weeks, made 120% profit... & this is a real micro account. Just to boost up the forum again...{image}

atuque1,

Thanks for sharing your recent trade results.
CONSISTENCY is very important important for trading success over a long term. You need to evaluate what you did right and how you achieved that high win rate and consecutive wins. Knowing these is important becasue you must repeat this again and again.
Once you can achieve and maintain a high win rate, you then must know the risk (R) per trade and you measure each trade result in terms of that R per trade.
What we want is to achieve for every trade taken to have a higher R return above 1.

read up on EXPECTANCY of a trading system.

Good Trading!

regards
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,614
  • May 22, 2013 6:30pm May 22, 2013 6:30pm
Quoting emmanuel7788
EURNZD week 21 H4 trade partial closed. Here is one classic TMS 4H trade done yesterday. TDI cross UP APB/HA candle#2 entry PA above Prev W Fib 50% with a good APB/HA candle#1 UPthrust bar. {image}

Here is my trade update for EUNNZD.
Market is strong trending now, so why will it head to?
My job as a trader is to look after the downside of my trades and let the market decide the upside.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURNZD Week 21 H4 trade update TP1 22-5-2013 5-53-43 PM.png Size: 47 KB
Click to Enlarge Name: EURNZD Week 21 H4 trade update 2 23-5-2013 7-21-50 AM.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,615
  • May 22, 2013 6:47pm May 22, 2013 6:47pm
NZDUSD week 21 H4 trade

A classic TMS 4H entry example

See chart for details.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD week 21 H4 trade update TP1 23-5-2013 7-38-56 AM.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,616
  • May 22, 2013 6:48pm May 22, 2013 6:48pm
Quoting Phx62
{quote} That was about the time the FOMC minutes was due to be released and I don't trade the news. Also, the TDI was hanging around the 50 line with no clear direction.
got it. thanks
  • #19,617
  • May 22, 2013 6:58pm May 22, 2013 6:58pm
Quoting Phx62
Three EJ trades today....the first was an H1 trade taken at LO. The other two were M15 trades taken following pullback bar patterns with TDI green crossing over red (and yellow on the first M15 trade) and both leaving the overbought/oversold areas. The second M15 trade was running out of steam, so I exited manually.{image} {image}
http://www.forexfactory.com/attachment.php?attachmentid=1198783&stc=1&thumb=1&d=1369257478
http://www.forexfactory.com/attachment.php?attachmentid=1198784&stc=1&thumb=1&d=1369257498


To ALL,

Please do not just read Phx62 post above. You must study his charts very closely and look at the details of his Entries and Exits.

Trading is all about Entry and Exits. You cannot achieve good positive results without doing your preparation work.
Your prep work includes having a trading plan ready for every currency pair you want to trade.
When you do no have a trading plan ready, do not trade.

Trade Well.

The Art of Entry and Exits attached for your reading pleasure.
Attached File(s)
File Type: pdf Entry and Exits ebook pages.pdf   144 KB | 2,276 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,618
  • Edited 7:19pm May 22, 2013 7:05pm | Edited 7:19pm
Quoting Quezoy
I've been backtesting a bit with a higher TF Stoch as a filter. Trades are taken only in the direction of it. Appears to be quite successfull. If somebody wants to try, just throw it into your TDI or a seperate window and set to one TF above your trading TF. {file} {image}

Quezoy,

Thanks for this nice MTF Stoch tip.

But is it unneccessary for TMS traders becasue what they need is to learn to read charts and know these 10 things using just the TDI and the APB/HA.

10 things to know, to learn, to practice and to master... to reach the stage of Unconscious Competence.


Price Action
Trend
Multi-Time Frame
Momentum
Support and Resistance
Continuation
Volatility
Market Strength
Range
Timing


regards,
EMMANUEL



Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,619
  • May 22, 2013 7:05pm May 22, 2013 7:05pm
Quoting emmanuel7788
{quote}http://www.forexfactory.com/attachment.php?attachmentid=1198783&stc=1&thumb=1&d=1369257478http://www.forexfactory.com/attachment.php?attachmentid=1198784&stc=1&thumb=1&d=1369257498 To ALL, Please do not just read Phx62 post above. You must study his charts very closely and look at the details of his Entries and Exits. Trading is all about Entry and Exits. You cannot...
agree
  • #19,620
  • May 22, 2013 7:10pm May 22, 2013 7:10pm
GBPUSD week 21 ... 23 May

with 2 4-hour periods of consoldiation, where will GU go when LO later?
some may see a H4 Insdie Bar..
remember the 10 things I wrote above.

Trade Well.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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