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Trading Made Simple

  • #20,681
  • Edited 1:13pm Jun 15, 2013 11:18am | Edited 1:13pm
Quoting Greenb
{quote} Your entry TMS wise is too early so i wont talk about that since i notice its a 1h tf PA wise your entry is late. Bullish engulfing, your entry should be right after it finished forming which is right on the yellow line SL should be underneath the bull candle. I get that you waited for break so its safer, but your sl should till be under the bull candle.
Thanks a lot Greenb, I also thought about that late entry, if I initiated the trade on the open of the new hour candle after the pullback candle then the drawdown would be okay like 24 pips or so, and looking back at the 15M chart, TDI cross already has formed.

If you guys using the H1 please let me know your input, Thanks again
I Have Learned to Take Some Losses to Make Profits
  • #20,682
  • Jun 15, 2013 11:30am Jun 15, 2013 11:30am
Quoting BernhardA
Hi all, here is my Journal after the second TMS trading week: have a look into my attached PDF. {image} This week my donation for the market... or let's call it "investment in my trading style" has been -160€ / -6% . My lessons for the last week: I eliminated the biggest and most dangerous error from last week: the position size. Mostly I could understand my mistakes: entered too late didn't watch to trend have been too overambitious entry on Sunday night didn't take a look at the high of the last week don’t use signals from H1 as long as you...
AU trade
Trade risk = medium -> high
Reasoning: Look left, draw a line on your entry, you can see a somewhat weak SR right on your entry. itself is not a biggie. Now 3rd candle is a bear but look at that wick. plus TDI hook back, you dont get TDI to hook back on 4h TF easily.
Also, that 1st bear candle...with that wick...doesn't it feels weak?
Next indication. its been 8 hours and your on about what? 20 pips? doesn't it seems a bit low? I dont normally use this as reasoning, but BigE on one of his earlier post mentioned something about how he will get out of trade if its not going anywhere. To me, 20 pips 8 hours is not going anywhere.

Summary: Entry wise, nothing too bad about it albeit its a risky cause of that SR and 1st bear candle (that i personally don't like). Exit, your late and did not follow THE RULES. For your consolation, i took that trade. The bad news, i got out with + pips. Sorry~

NZDCAD
......
........
..........
you got clobbered by news mate?

also, short term trend is beginning to go up, the high is already higher than the start of the weak bull. also the last bear drive has gotten weaker compared to the bull drive.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 59 KB
Daniel
  • #20,683
  • Jun 15, 2013 11:37am Jun 15, 2013 11:37am
Quoting TheScorpS
{quote} Thanks a lot Greenb, I also thought about that late entry, if I initiated the trade on the open of the new hour candle after the pullback candle then the drawdown would be okay like 24 pips or so, and looking back at the 15M chart, TDI cross already has formed. If you guys using the H1 please let me know your input, Thanks again

When i enter using 1h chart. i do early entry (before TDI confirm) only when its a classic reversal pattern or BO. Other than that, i always wait for TDI confirm. losing 1h worth of pips is nothing. especially if you entered rightly and price continues.

BTW, your chart gone missing
Daniel
  • #20,684
  • Jun 15, 2013 1:15pm Jun 15, 2013 1:15pm
Quoting Greenb
{quote} When i enter using 1h chart. i do early entry (before TDI confirm) only when its a classic reversal pattern or BO. Other than that, i always wait for TDI confirm. losing 1h worth of pips is nothing. especially if you entered rightly and price continues. BTW, your chart gone missing
Thanks again for your help, I re-adjusted some timings on my chart and then its gone, I re-edited the chart once again and I hope its there now
I Have Learned to Take Some Losses to Make Profits
  • #20,685
  • Jun 15, 2013 3:22pm Jun 15, 2013 3:22pm
Quoting BernhardA
Hi all, here is my Journal after the second TMS trading week: have a look into my attached PDF. {image} This week my donation for the market... or let's call it "investment in my trading style" has been -160€ / -6% . My lessons for the last week: I eliminated the biggest and most dangerous error from last week: the position size. Mostly I could understand my mistakes: entered too late didn't watch to trend have been too overambitious entry on Sunday night didn't take a look at the high of the last week don’t use signals from H1 as long as you...
Hi Bernhard,

Excellent way to do trade jouralling. Thank you for sharing it.
You did your own post mortem of every trade and have lessons learn from each trade, that's is very good way in self=learning.

When we trade TMS 4H method simply following the Entry and Exits rules using TDI and APB, we are bound to have many losing trades when we do not pay much attention to market condition and timing.
Trading is about market entry and exit management. To achieve long term profitability trading TMS 4H, we need to look more into money management, risk management, position sizing, multiple-entries and multiple exits, managing exits to help hit those "let profit run" type of trade when market starts strong trending. A carefully thought of and including these making TMS 4H trading method into a trading system. The key is "How to Develop a Winning Trading System that Fits You".

Regards,

Have a Good Weekend.

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,686
  • Jun 15, 2013 3:25pm Jun 15, 2013 3:25pm
Quoting TheScorpS
I would like if anybody can assist me in a trade that I took which turned negative or may I say that I did not manage it well I wrote some notes on the chart and wish that someone can assist me if my reasoning or notes are correct on what went wrong Thanks {image}
work on identifying
.... Market Type and TIMING!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,687
  • Jun 15, 2013 3:44pm Jun 15, 2013 3:44pm
Quoting TheScorpS
I would like if anybody can assist me in a trade that I took which turned negative or may I say that I did not manage it well I wrote some notes on the chart and wish that someone can assist me if my reasoning or notes are correct on what went wrong Thanks {image}
fear not. many opportunities still to come
  • #20,688
  • Jun 15, 2013 3:45pm Jun 15, 2013 3:45pm
Quoting emmanuel7788
{quote} Hi the writer30, thanks for sharong your AU view. I just did my and thought I share this with you. Not much to forecast for AUD next week since there are several key date releases and it will be volatile pair next week. I usually see opportunities during the Asian seesion around the news release time. It will be mostly intraday trading for this pari for me. Keep close watch on the first 2 hour trading range when ASX opens . Use that range to pick on breakouts before and after the news ralease. See attached. Good Trading next week. Regards,...
Hi ALL,

I posted this AU pdf for week 23 and now looking back to week 23 and 24, AU traded within those historical S&R and made a 'V' shape move with lower support.

Market rumour say AU will go lower, we shall see on our charts next two weeks when and how that will happen. Always check your news calendar and watch your entry TIMING.

Trade Well folks.
Attached Image (click to enlarge)
Click to Enlarge Name: AU week 25 16-6-2013 4-35-43 AM.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,689
  • Jun 15, 2013 4:16pm Jun 15, 2013 4:16pm
TheScorpS,

Which whole or round number indicator are you using? Every one I try (and I have tried numerous ones) extends the line across the chart.

Thanks for your assistance,
GB
  • #20,690
  • Jun 15, 2013 5:26pm Jun 15, 2013 5:26pm
I will be posting my charts for next week trading soon. I always plan my trade in advance and know how and when I will enter a trade. Regardless of whether i make or loss money, i know that i have followed my plan. If i loss money, i will make adjustment to my plan. If i win money, i will continue the same plan.

Trade safe and trade well.
  • #20,691
  • Edited 6:14pm Jun 15, 2013 5:32pm | Edited 6:14pm
My Eur/usd charts.

Note: The thicker the trendline, the stronger the support/resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 49 KB
Click to Enlarge Name: eurusdh4.png Size: 47 KB
  • #20,692
  • Jun 15, 2013 5:40pm Jun 15, 2013 5:40pm
My Gbp/usd charts.

Note: The thicker the trendline, the stronger the support/resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 47 KB
Click to Enlarge Name: gbpusdh4.png Size: 46 KB
  • #20,693
  • Jun 15, 2013 5:43pm Jun 15, 2013 5:43pm
My Aud/usd charts.

Note: The thicker the trendline, the stronger the support/resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 43 KB
Click to Enlarge Name: audusdh4.png Size: 51 KB
  • #20,694
  • Jun 15, 2013 6:13pm Jun 15, 2013 6:13pm
Hey everyone,

I'm new to this system, and have read the first 100 pages. Going to slowly work through the thread, but I want to start demo trading just to get my feet wet. I do have a couple questions however. I'm going to be doing the 4H time frame, I am in the same timezone as Big E, and I know he says to trade at 10 pm, 2 am, and closes his trades at 6 am. Thing is I have sleeping problems, and if my sleep is interrupted, I usually can't fall back to sleep. My doc also said I should try not to interrupt my sleep as this will make it worse.

So are there any other times where this could work? Is there something specific about that time (10 pm - 6 am pacific time) that makes it work? Or do people experience success doing this at other times as well?
  • #20,695
  • Jun 16, 2013 1:02am Jun 16, 2013 1:02am
Quoting gbmcgee
TheScorpS, Which whole or round number indicator are you using? Every one I try (and I have tried numerous ones) extends the line across the chart. Thanks for your assistance, GB

Try these BN levels, both leave your chart clutter free... of lines

v1.00

v1.01

you can set your own preferences in the indicator properties

Edit : here is v1.02
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,696
  • Jun 16, 2013 1:06am Jun 16, 2013 1:06am
Emmanuel and tenmilewalk

Thank you guys for you thoughts, I am very much appreciate your feedback

Very much Emmanuel I need to do better my entry timings and then manage the trade, most of the time I have issues with timing an entry
I Have Learned to Take Some Losses to Make Profits
  • #20,697
  • Jun 16, 2013 1:10am Jun 16, 2013 1:10am
Quoting gbmcgee
TheScorpS, Which whole or round number indicator are you using? Every one I try (and I have tried numerous ones) extends the line across the chart. Thanks for your assistance, GB

This Round Number indicator I got from the paper clip of this thread, you can download it there , its called Sweet Spot V.4

I just have re-edited some properties regarding color and line thickness to my likings, I still didn't change the coding to make it available as separate indi, so if you like I can upload you my whole template

Let me know and thanks for asking
I Have Learned to Take Some Losses to Make Profits
  • #20,698
  • Jun 16, 2013 2:07am Jun 16, 2013 2:07am
TDI re-painting issue:

There was an earlier post made by a new member concerning the TDI Green Red repainting after his charts were refreshed.
This issue has been discussed several times in different threads using the Traders Dynamic Index indicator.
The matter had been resolved with a realtime version of the TDI and you will see the actual TDI Price Line PL Green line and Trade Signal Line TSL Red line being updated in realtime.
This was posted before here: Post#17,851

Download the TDI RT version and replace TDI Green Red.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #20,699
  • Jun 16, 2013 3:25am Jun 16, 2013 3:25am
Quoting BernhardA
Hi all, here is my Journal after the second TMS trading week: have a look into my attached PDF. {image} This week my donation for the market... or let's call it "investment in my trading style" has been -160€ / -6% . My lessons for the last week: I eliminated the biggest and most dangerous error from last week: the position size. Mostly I could understand my mistakes: entered too late didn't watch to trend have been too overambitious entry on Sunday night didn't take a look at the high of the last week don’t use signals from H1 as long as you...
My God your journal is sexy
  • #20,700
  • Jun 16, 2013 4:52am Jun 16, 2013 4:52am
Quoting tenmilewalk
{quote} My God your journal is sexy

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