This is a system I have developed and used since 2010 with consistent success.
The system is based on the Trading Made Simple (TMS) system, adding my own indicators and trading style.
Most of this method is thanks to Eelfranz whose Trading Made Simple (TMS) thread allowed me to be successful at this game of trading. His and Phx62s posts have helped me realise and develop this way of trading.
As requested I have started a new thread so as not to pollute the TMS thread with this variant. I cant always update it but if the interest is there will do so when i can.
Indicators:-
Template:-
Chart setup is pretty much a TMS setup with the addition of MACD and 4 x Semaphore indicator.
Rules:-
Trade between London Open and New York close.
Take profit is half ADR (Average Daily Range)
Works on any pair and any timeframe I personally don't trade below 1HR.
Wait for candle to close before making entry or exit decision.
Don't enter trade when red news imminent.
Entry:-
When dot on 4 x Semaphore appears (an alarm can be set) together with a change of APB (Average Price Bar) colour, enter trade in that direction.
Confirmation:-
After entry check TDI and look for Green crossing Red. If it does, remain in trade and you will likely be in profit. If it does not cross or green bounces off red then its likely trade wont be profitable and exit as soon as you can, in profit if possible or stomach a small loss.
Exit:-
I exit a)If half ADR (Average Daily Range) is hit, and/or b) if new semaphore dot has formed c) and/or red news is due and/or MACD has changed direction or is level at close of candle level.
A++ Trades:-
Trade away from yellow semafor sun 3. Enter if candle retraces 50%, TDI crosses or bounces, APB changes colour. Hold until new peak is formed on MACD through 0.
That's pretty much it.
The more you practice and watch when these dots form the more you will understand price action, support and resistance, trend and other Forex fundamentals.
Nobody knows what price will do next but 9 times out of 10 when a new dot forms and price goes the other way it will continue until a new dot is formed.
If there is further interest will post some trades when I can and answer any questions.
The indicators are all available here or elsewhere on the internet and if you want more on TDI go and check the TMS Trading Made Simple threads here.
The system is based on the Trading Made Simple (TMS) system, adding my own indicators and trading style.
Most of this method is thanks to Eelfranz whose Trading Made Simple (TMS) thread allowed me to be successful at this game of trading. His and Phx62s posts have helped me realise and develop this way of trading.
As requested I have started a new thread so as not to pollute the TMS thread with this variant. I cant always update it but if the interest is there will do so when i can.
Indicators:-
Attached File(s)
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Template:-
Attached File(s)
Chart setup is pretty much a TMS setup with the addition of MACD and 4 x Semaphore indicator.
Rules:-
Trade between London Open and New York close.
Take profit is half ADR (Average Daily Range)
Works on any pair and any timeframe I personally don't trade below 1HR.
Wait for candle to close before making entry or exit decision.
Don't enter trade when red news imminent.
Entry:-
When dot on 4 x Semaphore appears (an alarm can be set) together with a change of APB (Average Price Bar) colour, enter trade in that direction.
Confirmation:-
After entry check TDI and look for Green crossing Red. If it does, remain in trade and you will likely be in profit. If it does not cross or green bounces off red then its likely trade wont be profitable and exit as soon as you can, in profit if possible or stomach a small loss.
Exit:-
I exit a)If half ADR (Average Daily Range) is hit, and/or b) if new semaphore dot has formed c) and/or red news is due and/or MACD has changed direction or is level at close of candle level.
A++ Trades:-
Trade away from yellow semafor sun 3. Enter if candle retraces 50%, TDI crosses or bounces, APB changes colour. Hold until new peak is formed on MACD through 0.
That's pretty much it.
The more you practice and watch when these dots form the more you will understand price action, support and resistance, trend and other Forex fundamentals.
Nobody knows what price will do next but 9 times out of 10 when a new dot forms and price goes the other way it will continue until a new dot is formed.
If there is further interest will post some trades when I can and answer any questions.
The indicators are all available here or elsewhere on the internet and if you want more on TDI go and check the TMS Trading Made Simple threads here.
We're all just one trade away from humility.