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Trading Made Simple

  • #20,261
  • Jun 4, 2013 8:24pm Jun 4, 2013 8:24pm
Entered short after seeing a triple bottom following a triple Top followed by a break of the Triple bottom

Any advice appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: june 6 aud.usd.h1.png Size: 61 KB
  • #20,262
  • Jun 4, 2013 8:46pm Jun 4, 2013 8:46pm
Quoting Phx62
{quote} Sir....you presume to know a lot about my brain and my psyche when in fact you know very little about that, at all. There is no need to clone my brain or copy me in any way. I put my pants on one leg at a time just like the rest of you and I am not financially independent. I am a working man and have been all my life, having come from a hard working poor to middle class family, and I have a fairly large family of my own to support and a family business to manage (along with other members of our family). We live comfortably but we are not...
Hi Phx62,
Please accept my sincere apologies to have offended you in using you as example made in my post.
I never had any ill intention to offend you or anyone in this TMS thread. Learning from this experience, I must admit that I had been insensitive to other members’ postings here and quoting from their posts and making inconclusive assumptions in my reply posts. For all these, I regret very much and seek everyone understanding and forgiveness.
Trading Made Simple is in fact a simple technical method. I had learned a lot from your posts in this thread and also your trade charts in X-Man thread using the same TDI concept on H1 timeframe. These have helped me in using TMS as core method and develop my own two trading systems to trade intraday and 4H swing.
I am very grateful that you shared in both threads and I look forward that you will continue to do so as it will benefit many new traders wanting to learn to trade and to learn to trade TMS.
With sincere apologies.
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,263
  • Jun 4, 2013 8:58pm Jun 4, 2013 8:58pm
Quoting Amirsaid
{quote} hi manuel do you know any thread talking about dots system or showing his indicator to see how is it thanks
Hi Amirsaid,

I have not seen any threads in FF on DOTS. But there is one forum ( not in English lanaguage) and also a few blogs which I came upon, and honestly more comments were negative ones. This usually is the case when the systems are sold.
I do have a couple fo screen shots when DM explained his DOTS system. But it would be unwise for me to post them here now as I should distract members away from trading TMS 4H and H1 methods using this thread for discussions.
PM me later and I can send you some screen shots.

Regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,264
  • Jun 4, 2013 9:13pm Jun 4, 2013 9:13pm
Quoting Fx94
Hi Traders, I am back in treading and in this thread. Unfortunately my computer had a damaged harddisk, so i was unable to post my trades here. Today I made a trade in EU H1. The Trade wasn´t good, so i post it here for you to check it. What was my mistake in the Trade. I entered in 1,3063, my SL was 1,3099 and my TP was 1,3046. @therryberry: Very good question. Its not possible for a trader to read more than 1000 sites. Perhaps we could make a summary of the development of the strategy. Best regards from Germany, FX94 {image}
Hey Fx94,

Welcome.

Looks like we have quite a few members from Germany. Brings back fond memories of my time working there.

Just one quotation which I learn while I was there and that was important for me to survive the time I was in Germany.

Gruss Gott.

“You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist.”

Friedrich Nietzsche, 1844~1900:

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,265
  • Jun 4, 2013 9:26pm Jun 4, 2013 9:26pm
Quoting tenmilewalk
Entered short after seeing a triple bottom following a triple Top followed by a break of the Triple bottom Any advice appreciated {image}
my opinion.. i don't like it at all.
i have last week 50% fib at .961
i have support at .958
another one at .954
and that bear candle did not pierce through yesterday attempt to go low
and .9623 is my other support.

therefore, i hate it

then again, you prob have your own reasoning.

Greenb
Daniel
  • #20,266
  • Jun 5, 2013 1:21am Jun 5, 2013 1:21am
Quoting Greenb
{quote} my opinion.. i don't like it at all. i have last week 50% fib at .961 i have support at .958 another one at .954 and that bear candle did not pierce through yesterday attempt to go low and .9623 is my other support. therefore, i hate it then again, you prob have your own reasoning. Greenb
hello greenb. those are levels i failed to look at. Will have to consider that tonight. I am also not a big picture person. Did not even think of looking anything past 96

thank you
  • #20,267
  • Jun 5, 2013 5:50am Jun 5, 2013 5:50am
Quoting Phx62
{quote} Sir....you presume to know a lot about my brain and my psyche when in fact you know very little about that, at all. There is no need to clone my brain or copy me in any way. I put my pants on one leg at a time just like the rest of you and I am not financially independent. I am a working man and have been all my life, having come from a hard working poor to middle class family, and I have a fairly large family of my own to support and a family business to manage (along with other members of our family). We live comfortably but we are not...
mate, you need a chill pill.
good trading........
  • #20,268
  • Jun 5, 2013 8:47am Jun 5, 2013 8:47am
Quoting tenmilewalk
{quote} hello greenb. those are levels i failed to look at. Will have to consider that tonight. I am also not a big picture person. Did not even think of looking anything past 96 thank you
but hey, looks like its working out fine for you
Daniel
  • #20,269
  • Jun 5, 2013 9:59am Jun 5, 2013 9:59am
guys your thoughts plz

i hv been scratching my head with backtesting since last week , everytime i say hmmm im doing sth wrong , im taking trades on the cross following 200ema trend
careful with candle size and stochs direction hmmm wht else can you do on an offline chart oh ya im taking trades if ATR says sth more than 15 , i double that

so results

very impressive on 4H charts bt here is da poop , stimes da whole month u can find like 2 or three trades ?!!! like example july 2012 only 2 trades ?!!! plzz tell me sth wrong wid me

results = least 88% on 3months then 92% on 6months then .... ya im rich

these results for one pair cuz im gonna go live with one pair EUR/USD
  • #20,270
  • Jun 5, 2013 10:19am Jun 5, 2013 10:19am
Quoting Greenb
{quote} but hey, looks like its working out fine for you
Hello Greenb

Unfortunately there was a majority of the move I did not stay in. Exited yesterday morning already.
  • #20,271
  • Jun 5, 2013 10:31am Jun 5, 2013 10:31am
Quoting wizard99
{quote} mate, you need a chill pill. good trading........
In my opinion this is an issue between Emmanuel and Phx 62. Both very wise adults who can handel this issue without our interveniance. Let's focus on the trading and keep our own opinion's about such issues off our keybaord. To often we have seen threads bleeding death because of such discussion's wich very often end up with te fact that de moderator says "thank you very much but I'm away". And that's the last thing we want. Both Emmanuel and PHX62 are great trader's wich support we need very much.
  • #20,272
  • Jun 5, 2013 10:32am Jun 5, 2013 10:32am
hi guys
day two trading the system. gj-20, uj+62, ej+76, another nice day, my candle times are 6am, 10am, 2 pm, 6pm. gmt i am thinking to use 10am and 2pm candles as scale in opportunitys,. any thoughts guys.
best wishes from sunny london
terryberry
  • #20,273
  • Jun 5, 2013 10:35am Jun 5, 2013 10:35am
Quoting G.Grillz
guys your thoughts plz i hv been scratching my head with backtesting since last week , everytime i say hmmm im doing sth wrong , im taking trades on the cross following 200ema trend careful with candle size and stochs direction hmmm wht else can you do on an offline chart oh ya im taking trades if ATR says sth more than 15 , i double that so results very impressive on 4H charts bt here is da poop , stimes da whole month u can find like 2 or three trades ?!!! like example july 2012 only 2 trades ?!!! plzz tell me sth wrong wid me results = least...
Ggrilzz

Did you study the quotes from BigE ? There you won't find 200 EMA or ATR. I attach them. study and try again.
Attached File(s)
File Type: pdf BigE comments.pdf   408 KB | 1,350 downloads
  • #20,274
  • Jun 5, 2013 10:55am Jun 5, 2013 10:55am
Quoting G.Grillz
guys your thoughts plz i hv been scratching my head with backtesting since last week , everytime i say hmmm im doing sth wrong , im taking trades on the cross following 200ema trend careful with candle size and stochs direction hmmm wht else can you do on an offline chart oh ya im taking trades if ATR says sth more than 15 , i double that so results very impressive on 4H charts bt here is da poop , stimes da whole month u can find like 2 or three trades ?!!! like example july 2012 only 2 trades ?!!! plzz tell me sth wrong wid me results = least...
nothing is wrong with the result with the way you trade it. What happens is that you are going the "safe" way. you use the indicators and your trading rules and the end result is you are going for the most secure trades. Remember that most things in live is a trade off between risk and gain. The higher the risk, the higher the possible gain.

For example, i use TMS on the 1h chart, and i did not use the 200 EMA and ATR. The result is that i have at least a trade a day on EU. However, they are riskier than your trade (most likely). The summary is that, i get more trades but i have lower winning percentage.
Daniel
  • #20,275
  • Jun 5, 2013 10:56am Jun 5, 2013 10:56am
Quoting tenmilewalk
{quote} Hello Greenb Unfortunately there was a majority of the move I did not stay in. Exited yesterday morning already.
Daniel
  • #20,276
  • Jun 5, 2013 11:34am Jun 5, 2013 11:34am
Quoting emmanuel7788
{quote} Hi Phx62, Please accept my sincere apologies to have offended you in using you as example made in my post. I never had any ill intention to offend you or anyone in this TMS thread. Learning from this experience, I must admit that I had been insensitive to other members’ postings here and quoting from their posts and making inconclusive assumptions in my reply posts. For all these, I regret very much and seek everyone understanding and forgiveness. Trading Made Simple is in fact a simple technical method. I had learned a lot from your posts...
Emmanuel,
I misunderstood the intent of your previous post and I am the one who needs to apologize for my remarks. I can see that you have a good heart and your intentions are sincere. I understand now that your only intention is to help others. Please accept my apology for over-reacting to something I should have read more carefully. Thank you for all you do to help other traders and I will gladly do what I can to assist others learning to trade Forex. I would like to put this behind us and move forward. Again, I am sorry for causing dissention on this thread and for causing you any ill feelings. Please accept my apology. Phx62
  • #20,277
  • Jun 5, 2013 11:36am Jun 5, 2013 11:36am
Quoting G.Grillz
guys your thoughts plz i hv been scratching my head with backtesting since last week , everytime i say hmmm im doing sth wrong , im taking trades on the cross following 200ema trend careful with candle size and stochs direction hmmm wht else can you do on an offline chart oh ya im taking trades if ATR says sth more than 15 , i double that so results very impressive on 4H charts bt here is da poop , stimes da whole month u can find like 2 or three trades ?!!! like example july 2012 only 2 trades ?!!! plzz tell me sth wrong wid me results = least...
BTW, i count 13 trades on July 2012 (mostly bounce trades). I do not use 200 EMA

Also there is another thing you should memorize. TMS is made for trading trend. Unless there is a trend this system will not work.
Daniel
  • #20,278
  • Jun 5, 2013 12:15pm Jun 5, 2013 12:15pm
Quoting Phx62
{quote} Emmanuel, I misunderstood the intent of your previous post and I am the one who needs to apologize for my remarks. I can see that you have a good heart and your intentions are sincere. I understand now that your only intention is to help others. Please accept my apology for over-reacting to something I should have read more carefully. Thank you for all you do to help other traders and I will gladly do what I can to assist others learning to trade Forex. I would like to put this behind us and move forward. Again, I am sorry for causing dissention...
Well done guys... i didn´t expect any less from u... this is what diferencies us from the animals... the sensibility to know when we are wrong... and the hability to apologize... all the best Phx62 and Emmanuel.
  • #20,279
  • Jun 5, 2013 1:43pm Jun 5, 2013 1:43pm
Nice One Phx62, really look forward to your charts and input here on the thread.....

W99
  • #20,280
  • Jun 5, 2013 3:24pm Jun 5, 2013 3:24pm
Sorry, I've been looking around the attachments for the indicator which displays the trend of the pair for all the time frames. I believe PHX62 uses it in his charts and I feel it would benefit my entries greatly, does anyone have this?
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