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Trading Made Simple

  • #19,781
  • May 24, 2013 2:12pm May 24, 2013 2:12pm
Quoting G.Grillz
{quote} worth it and thanks for ur comment, bt what i meant is that im trying to document worst possible scenarios, im communication engineer so its just in my system to get solution for worst possible case and document that. btw guys tomorow is weekend and finally i got chance to do back testing, so what do think 3 months back test on 10 pairs each weekend and making stats on each pair wins and losses, seems i have long day tomrow anyway worth it P.S. for those of you who watch soccer dont foget UCL final BVB vs Bmunchen ....... BVB baby

looks like your gonna have a super busy weekend hahah.
once you finished back testing 4h TF chart, try back testing 1h TF chart. After a while your going to pick up on some high probability trade setup.
Your Mission, should you choose to accept it, is to identify, analyze, and memorize them.
Daniel
  • #19,782
  • May 24, 2013 4:00pm May 24, 2013 4:00pm
Quoting G.Grillz
{quote} BVB baby
buhhhhhhhhhhhhhhhhhhhhhhh, they will loooooooooooose
have fun
  • #19,783
  • May 24, 2013 4:13pm May 24, 2013 4:13pm
Took 3 trades today on EJ H1.
First trade moved 36 pips in my favor and then reversed.....EA took me out at BE since I was asleep.
Second trade....entered based on price pulling back from the double bottom and TDI crossing green over red.
Third trade....two previous candles had pulled back...entered on open of red candle with green TDI pointing down but not crossed over red yet.....the price line had also bounced off the 50 line. Manually exited on a long pullback of the last red candle before it turned blue.
A very nice week in profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.5.24 ej h1.png Size: 57 KB
  • #19,784
  • May 24, 2013 6:40pm May 24, 2013 6:40pm
Hi all, here comes my first homework for this weekend:

Setting: EUR/USD 4H
scope: 1st - 10th May 2013 -
method: using the F12 Funktion of M4
I have always marked the prices for entry, TP & SL at the candle where I did my decision. The arrows at the TDI shows the direction I took.

summary:
4 trades:
- 2 BE
- 2 loss
My first feeling: still a lot to learn!

My individual analysis:
Trade no 1: took the SL to BE - without putting the SL to BE it would have been nice.... would have been...
Trade no 2: as the candles went smaller and TDI went flat I decided to go out manually at BE - I think the exit was ok, could have avoided entry by watching Stoch
Trade no 3: can't find anything wrong at this entry, exit should have been earlier at the first red mini-candle.
Trade no 4: I think entry was ok, but the TP and SL have been to far away. Exit by SL was stupid: seeing this mini-candles... should have went out manually and take a look at the nice short entry I missed at the end...

Result: would have ended up at ca. -130 pips :-(

Would be nice if you could give me any feedback to my trades and analysis.

Cheers Bernhard

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4_2013-05a.png Size: 43 KB
  • #19,785
  • May 24, 2013 10:35pm May 24, 2013 10:35pm
Quoting Phx62
Took 3 trades today on EJ H1.First trade moved 36 pips in my favor and then reversed.....EA took me out at BE since I was asleep.Second trade....entered based on price pulling back from the double bottom and TDI crossing green over red.Third trade....two previous candles had pulled back...entered on open of red candle with green TDI pointing down but not crossed over red yet.....the price line had also bounced off the 50 line. Manually exited on a long pullback of the last red candle before it turned blue. A very nice week in profit.{image}
Thank you, I'm following EJ as well, I like to trade it, its very generous posting your trades allows me view signal in a away that is invisible to me, when you post and I go back to my chart, I can see why
I Have Learned to Take Some Losses to Make Profits
  • #19,786
  • May 24, 2013 11:41pm May 24, 2013 11:41pm
Quoting Phx62
Took 3 trades today on EJ H1.First trade moved 36 pips in my favor and then reversed.....EA took me out at BE since I was asleep.Second trade....entered based on price pulling back from the double bottom and TDI crossing green over red.Third trade....two previous candles had pulled back...entered on open of red candle with green TDI pointing down but not crossed over red yet.....the price line had also bounced off the 50 line. Manually exited on a long pullback of the last red candle before it turned blue. A very nice week in profit.{image}
Phx62,
Thanks for always being here for Big E, and for us that have been devoted to TMS without attempting to make changes from Big E's original method. Big E invested hundreds of hours during the year he took off from trading, just to study APB/PA and its relation to the TDI indicator. When he came back, his trading methodology had been perfected, and I count my blessings that he was the caliber of man to share with us. Since I became a FF member in 2012, prior to Big E's passing, this is the only thread that I have devoted my time. My job does not allow me to trade the LO as I am at work; however, my plans are to pass the torch in August of 2014 and at that time begin trading the H1 at the LO. I live in the central time zone, and based on the time of day that I am accustomed to working, it will be an easy transition to trading the LO at either 1 or 2 am, depending on daylight savings time. Phx62, I have tracked you for several years, and I know that you have very successfully incorporated Big E's trading philosophy in your trading primarily the H1 charts, and at times scalping the 15M charts, or using the 15M charts for a better entry on the H1 charts. Correct me if I am wrong, but at the end, Big E only had the following on his charts...APB's and the Green and Red on the TDI. Big E did not utilize the blue TDI bands nor the yellow MBL. If his basic requirements were met for entering a trade, only look to the left for S/R areas. Don't buy into resistance or sell into support areas.

Best regards to all,
GB

P..S Even Phx62 admits to napping between trades. Specific EA's can certainly be our allies!!!!!
  • #19,787
  • May 25, 2013 12:06am May 25, 2013 12:06am
Quoting gbmcgee
{quote} Phx62,Thanks for always being here for Big E, and for us that have been devoted to TMS without attempting to make changes from Big E's original method. Big E invested hundreds of hours during the year he took off from trading, just to study APB/PA and its relation to the TDI indicator. When he came back, his trading methodology had been perfected, and I count my blessings that he was the caliber of man to share with us. Since I became a FF member in 2012, prior to Big E's passing, this is the only thread that I have devoted my time. My job...
I am in the Mountain time zone, so I understand trading in the middle of the night......thus an occasional nap.....for me, the London session open at midnight my time. I believe your analysis of how Big E traded is correct.....I did not see S/R lines drawn on his charts but he did look left for S/R areas......those areas do not always cause price to consolidate or reverse but we must always be aware of them and when the volume is just right, those areas will hold.
GB.....I hope your plan works out.....success to you.....it is always good to find someone who keeps it simple.
  • #19,788
  • May 25, 2013 2:40am May 25, 2013 2:40am
Quoting Phx62
Took 3 trades today on EJ H1.First trade moved 36 pips in my favor and then reversed.....EA took me out at BE since I was asleep.Second trade....entered based on price pulling back from the double bottom and TDI crossing green over red.Third trade....two previous candles had pulled back...entered on open of red candle with green TDI pointing down but not crossed over red yet.....the price line had also bounced off the 50 line. Manually exited on a long pullback of the last red candle before it turned blue. A very nice week in profit.{image}
Hello Phx 62. Inspiring as usual. For the second trade, you entered on a double bottom. Does the double bottom have to be exact? I couldnt see any candle bottoms aligning perfectly. Also, you used the 50 zone for confirmation on your trades this time. Under what circumstances would you consider it not useful?

Thanks
  • #19,789
  • May 25, 2013 11:40am May 25, 2013 11:40am
... in case of anybody had the same problem like me... may be it helps: built a TMS-clock:

Attached Image



Cheers Bernhard
  • #19,790
  • May 25, 2013 12:13pm May 25, 2013 12:13pm
Can you place that on a chart? Sound like it would be helpful to the followers of this method.
If you are good at something, never do it for free--Joker
  • #19,791
  • May 25, 2013 12:43pm May 25, 2013 12:43pm
Quoting BernhardA
Hi all, here comes my first homework for this weekend: Setting: EUR/USD 4Hscope: 1st - 10th May 2013 -method: using the F12 Funktion of M4I have always marked the prices for entry, TP & SL at the candle where I did my decision. The arrows at the TDI shows the direction I took. summary:4 trades:- 2 BE- 2 lossMy first feeling: still a lot to learn! My individual analysis:Trade no 1: took the SL to BE - without putting the SL to BE it would have been nice.... would have been...Trade no 2: as the candles went smaller and TDI went flat I decided to go...
Hallo Bernhard,

Good effort in your back-testing.

When we do manual back-testing, we tend to look at the basic TMS rules using only the TDI entry and exit rules using the TDI and APB/HA.

We should also zoom ou and look at recent Price Action and Support and Resistance of the H4 and also higher TF like D and W.

The week 18 is unique as that week candle straddles 2 months April and May, we see April MN candle close and a new MN candle open for May.

In that week 18, were also several key news/data release event.

If you look at week 16 and 17, were two red W candles, not very decisive but we form our bias using the Weekly candles. Hence week 18, I would look for sell only.

On 1 May, MN opening, we must look back as recent S&R, there is April High which in my opinion is the closest Resistance above.

PA on 1 May shows a pullback from that April High and your ttrade no 1 was a good PA entry.

But your trade management was suspect.

What do you consider when you decide to move your trades SL to Breakeven?
There must be general rules for moving trades to BE. Moving to Sl to BE should also come with taking some profit.
You can also reduce your trade initial risk R by moving initial SL to closer t your Entry price, but not to BE. Taking partial proifits and reducing R to 0.5R is also another method to consider depends on PA on chart.

I use R and R-Multiple method to manage all my trades. This is a proven method taught by Dr Van Tharp.

Your trade no 1 would have give you at least 1R profit if you had use this R Multiple method.

Trade results will differ a lot when we use multi-lot entry and scale-out exits. We can scale-in more trades using banked-in profits when we do 4H swing trading.
Trading is about Entries and Exits. TMS is trend trading, so we must use scaling-in and scaling out and remain in the trend run. This is how I do to "Let Profit Run" .

This is what i do to make TMS 4H swing trading into my own system using money management, position sizing and R-Multiple trade management.

Hope this will help you develop TMS into s system of your own.

Regards,
EMMANUEL
Attached Image (click to enlarge)
Click to Enlarge Name: EU Week 18 1 May POMO 26-5-2013 1-14-39 AM.png Size: 98 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,792
  • May 25, 2013 12:58pm May 25, 2013 12:58pm
Quoting BernhardA
... in case of anybody had the same problem like me... may be it helps: built a TMS-clock: {image} Cheers Bernhard

Good sharing by Berhard.

Clock face 12-2 and 4-6 must be used with Price Action and Support and Resistance seen on your charts.


here is one chart example:
Attached Image (click to enlarge)
Click to Enlarge Name: TDI 12-2 and 4-6 PA example png.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,793
  • May 25, 2013 1:20pm May 25, 2013 1:20pm
Here is more examples of EU 4H swing trading using R and R-Multiple trade exit management.

R is initial SL using 1.5 times ATR(10) H4.

6 trades - 5 wins, 1 loss.

Assuming 2% per trade,

Exit 1% at +1R, and BE remaining 1%.

How many % ROI for 6 trades completed?

Do your back-testing and plan your business meticulously.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Trade Examples using R.png Size: 118 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,794
  • May 25, 2013 1:48pm May 25, 2013 1:48pm
I hate to ask this question and answers can be made by PM.I have a refurbished laptop with FX Pro, I have the 2 indicators, TDI & APB, as icons on my desktop but can't seem to drag and drop them into the indicator/expert files. I can't get MT4 to open. Any suggestions is appreciated, my desktop is fine but the laptop would be handy. I don't want to clutter this thread so PM is fine. Thank you, p.
  • #19,795
  • May 25, 2013 2:02pm May 25, 2013 2:02pm
Quoting piprac
I hate to ask this question and answers can be made by PM.I have a refurbished laptop with FX Pro, I have the 2 indicators, TDI & APB, as icons on my desktop but can't seem to drag and drop them into the indicator/expert files. I can't get MT4 to open. Any suggestions is appreciated, my desktop is fine but the laptop would be handy. I don't want to clutter this thread so PM is fine. Thank you, p.

you must copy the proper ex4 or mq4 files not drag icon which maybe shorcuts .

copy those indicators to the expertsindicator...folder in your installed MT4 folder

doing a complete fresh MT4 install in your laptop is a good idea to get a clean start.

then copy over the indciators, scripts, tamplates from your desktop.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,796
  • May 25, 2013 2:05pm May 25, 2013 2:05pm
How many 4H swing trades did you missed in week 18 to 21?
Attached Image (click to enlarge)
Click to Enlarge Name: GU Trade Example wek 18 to 21 .png Size: 131 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,797
  • May 25, 2013 3:56pm May 25, 2013 3:56pm
Hi folks,

I saw that some people were asking about the ATR values that Emmanuel uses. I did some homework and made a template and a profile. Save the file atr.tpl in your Template folder and the ATR_WEEK in your Profiles folder. Restart MT4. You should see something like attached image. You only have to open the data window manually. This isn.t stored in the profile. When you move the mouse over an currency window you can see the value's of the ATR in the data window. Off course you can change the profile with your own currencies, or even add more to the screen and save a new profile. Succes,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 154 KB
Attached File(s)
File Type: rar ATR_WEEK.rar   4 KB | 416 downloads
File Type: tpl atr.tpl   1 KB | 372 downloads
  • #19,798
  • May 25, 2013 4:02pm May 25, 2013 4:02pm
Hello everyone,

This is my first post. I found this thread some weeks ago and immediately liked the simplicity of this method. I also appreciate the good mood of the members discussions.

I have tried few trades, demo and live on mini account, with a bit more loosers than winners. But I practise.
Below is a EJ H1 trade I considered but finally did not take, although it turned positive.

It was not a A+++ setup since:

ejh1
1.Green line was not steep enough
2.Candle 1 was hesitating (1st white line)

ejd1
Daily trend was in a range et current day had no clear trend

ejh4
H4 trend was also in a range

But I might still have taken the trade as it turned positive for about 90 pips. What would you have done ? and is it a good idea to let roll as long as the PA remain on the same side of the rd ema(5) ?
Thank you for your time.

Attached Image

Attached Image
Attached Image
  • #19,799
  • May 25, 2013 5:38pm May 25, 2013 5:38pm
Quoting emmanuel7788
{quote} Hallo Bernhard, Good effort in your back-testing. When we do manual back-testing, we tend to look at the basic TMS rules using only the TDI entry and exit rules using the TDI and APB/HA. We should also zoom ou and look at recent Price Action and Support and Resistance of the H4 and also higher TF like D and W. The week 18 is unique as that week candle straddles 2 months April and May, we see April MN candle close and a new MN candle open for May. In that week 18, were also several key news/data release event. If you look at week 16 and 17,...
Hi EMMANUEL,
thanks for your explanations and thanks for your patience.
You are right: putting SL to BE is due to fear or beeing planless.
My second homework is still under construction :-)

Cheers Bernhard
  • #19,800
  • May 25, 2013 6:45pm May 25, 2013 6:45pm
Hi all,
today I wanted to learn from my mistakes from yesterday.
My lessons from yesterday

  1. Apart from the rule "green crosses red" I didnt follow any rule... for the rest I just acted by feeling
  2. Its not intuitiv to write all the notes into the MT4 charts.
  3. I definitly need to do more homeworks.

What I have done today:

  1. I invested in a Din-A3 printer
  2. I went through the thread and collected rules I should follow by using TMS (see attachement)
  3. I did my second homework:

    1. EUR/USD from 1st of Jan to 8th of March 2013 (4h)
    2. Method: using F12 on MT4 but making comments on my Din-A3 paper
    3. rules I tried to use: have a look in the attachement - as a beginner I tried to focus only on the basics...
    4. results: 26 trades, (21 winners (+900 pips) 5 loosers (-200)) netprofit: +700 pips!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Jan-March-2013-4h-homework2a.jpg Size: 65 KB


Attached File(s)
File Type: doc my-TMS-rules_v.03.doc   53 KB | 754 downloads


Cheers Bernhard
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