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Trading Made Simple

  • #21,881
  • Jul 16, 2013 5:45am Jul 16, 2013 5:45am
Quoting ss12
I've recently downloaded a demo of Mt4. I really like the template in post 21,863. Is there a way to do that in mt4? Cheers
Yes, as that is Metatrader chart, look down bottom left to see it

Ask tenmilewalk for his template or which indicators he use by PM

It takes a lot for me to IGNORE you, but you can try.
  • #21,882
  • Jul 16, 2013 6:14am Jul 16, 2013 6:14am
Hi All,

I am trading since april with a demo-account and opened a live account two weeks ago. I am able to trade more or less break even.
I find the tms forum very helpful. And off course I am a TMS adept.

Today I made 25 pips on a long a/j trade. At the moment I have two long trades running: A/U and E/U
  • #21,883
  • Jul 16, 2013 6:18am Jul 16, 2013 6:18am
Quoting emmanuel7788
{quote} Hi Axiom, the news was one and half hours away when I decided on that entry. that pullback candle has stromg downward momentum. Looks at M15, the first M15 bar of that H1 candle was green, then the next 3 M15 were red... this is strong H1 close.... although you see the APB was blue, the real price close was red. To mitiate the risk, there must be room to scale out and reduce the overall trade risk from R to 0.5R when I scale out one position taking profit at +R. I kept the initial SL at -1xR and look at the PA when news release. Seeing the...
Informative as always. Thanks.
  • #21,884
  • Jul 16, 2013 6:20am Jul 16, 2013 6:20am
Quoting emmanuel7788
{quote} Answer: Yes. TMS is a trend trading method like most trading systems, we are trend traders. The TDI is a hybrid indicator showing the relative strength of the price movements and also the general trend direction using both the Price Line (green) and the Trade Signal Line (red). The first task of the trader is to identify the trend, look for when the trend starts and confirms that. Then the next task after confirming the trend has started, the trader then looks for CONTINUATION to join in the market trend. During the trend, there will be...
Hi Emmanuel,

I am reading your posts with much interest.
The 10 trading skills you mention are indeed important.
In which posts did you describe the skills in more detail?
  • #21,885
  • Jul 16, 2013 6:27am Jul 16, 2013 6:27am
Hi traders,
Took this trade yesterday. See the picture below. Could scalpe more out in M15 TF but didnīt check the lower TF.

@emmanuel: Can you please explain the MTFA and especially the triple screen concept more ? When i understood you right, i have to look the H4 TF, then the H1 TF, and the third TF is the M15. (4:1) isnīt it ?

Best regards,
FX94
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  • #21,886
  • Jul 16, 2013 6:48am Jul 16, 2013 6:48am
Here is what i mean by that GU trade I took today.
When you see a APB pullback, you must check the real price to see if there is momentum of that APB pullback candle.
The APB pullback may be blue in clour, but the real price is red ... i.e closing bearish.
In this example, the real price bar show 3 consecutive red candles and closing lower than its H1 open.

See pic below.
Attached Image (click to enlarge)
Click to Enlarge Name: GU M15 view 16-7-2013 7-32-21 PM.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,887
  • Jul 16, 2013 6:55am Jul 16, 2013 6:55am
Hi Emmanuel,
you may have got this question millions of times, however where can i find or what is the name of the tdi indicator which you use which includes the blue 'bollinger bands'?

Many Regards,
Jay24
  • #21,888
  • Jul 16, 2013 7:22am Jul 16, 2013 7:22am
Quoting Erol
{quote} Modendran, check out the paper clip at the top right hand of the page. Search the attachments by file type and look at all the PDFs that have been uploaded. There have been a lot of PDFs posted that will help you get up to speed. Last week someone posted their third installment of PHx62's top trading example posts - check out post 21,252! Erol
Hi Erol,

I guess I was to excited with the PDF's and I typed Emmanuel's name instead. Thank you Erol, Emmanuel, PHx62 and to all the traders in this family for guiding and supporting all the newbies like me.
  • #21,889
  • Jul 16, 2013 7:23am Jul 16, 2013 7:23am
Quoting jay24
Hi Emmanuel, you may have got this question millions of times, however where can i find or what is the name of the tdi indicator which you use which includes the blue 'bollinger bands'? Many Regards, Jay24
Hi Jay,
It's still the same indicator. If you want bollinger bands in your indicator,simply attached it to your chart. Then right click on your TDI indicator,switch to "Color" Tabs and change the color of "1" and "3" to your choice. And then you have it. I can't take picture right now so I hope you understand what I say.
  • #21,890
  • Jul 16, 2013 7:43am Jul 16, 2013 7:43am
Quoting frenetic
{quote} Hi Jay, It's still the same indicator. If you want bollinger bands in your indicator,simply attached it to your chart. Then right click on your TDI indicator,switch to "Color" Tabs and change the color of "1" and "3" to your choice. And then you have it. I can't take picture right now so I hope you understand what I say.
thanks a lot frenetic!
  • #21,891
  • Jul 16, 2013 7:50am Jul 16, 2013 7:50am
Hi PHx62,

Just a quick question, how do you enter into a trade ( aggressively or via a pending order ) ?
  • #21,892
  • Jul 16, 2013 8:03am Jul 16, 2013 8:03am
Quoting Mohendran
Hi PHx62, Just a quick question, how do you enter into a trade ( aggressively or via a pending order ) ?
Hi Mohendran
You can learn a lot and find the answer to your question by:
1. Clicking on the Profile Name of Phx62 in any of his posts.
2. Click on the Posts as indicated in the pic. This will open a list of all his posts for you to study.

Regards
Axiom
Attached Image (click to enlarge)
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  • #21,893
  • Jul 16, 2013 8:12am Jul 16, 2013 8:12am
Thank you Axiom
  • #21,894
  • Jul 16, 2013 8:20am Jul 16, 2013 8:20am
In viewing emmanuel's post regarding how APBs cover 'real' price I have 2 charts on my screen: one is the TMS strategy and the other is regular candlesticks with the TDI indicator at the bottom. I sometimes take a trade if the candlestick is an EB, OB, PB, etc. but only in line with the trend. I personally have a hard time reading true price action as given by APB so candlesticks provide good backup. p.
  • #21,895
  • Jul 16, 2013 8:59am Jul 16, 2013 8:59am
Quoting piprac
In viewing emmanuel's post regarding how APBs cover 'real' price I have 2 charts on my screen: one is the TMS strategy and the other is regular candlesticks with the TDI indicator at the bottom. I sometimes take a trade if the candlestick is an EB, OB, PB, etc. but only in line with the trend. I personally have a hard time reading true price action as given by APB so candlesticks provide good backup. p.
you don't have to do that.
what you can do is select Bar Chart to show Foregorund Chart. This will place the real price bar on top of the APB.
Using a contrast colour will allow you to see the real price bar OHLC.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,896
  • Jul 16, 2013 9:05am Jul 16, 2013 9:05am
Quoting Forex Bart
{quote} Hi Emmanuel, I am reading your posts with much interest. The 10 trading skills you mention are indeed important. In which posts did you describe the skills in more detail?
I don't specifically write down those skills in descriptive form.
If you are new to trading, babypips.com is a good place to learn.
You can see how the skills are used in the trade charts I posted.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,897
  • Jul 16, 2013 9:11am Jul 16, 2013 9:11am
Quoting Fx94
Hi traders, Took this trade yesterday. See the picture below. Could scalpe more out in M15 TF but didnīt check the lower TF. @emmanuel: Can you please explain the MTFA and especially the triple screen concept more ? When i understood you right, i have to look the H4 TF, then the H1 TF, and the third TF is the M15. (4:1) isnīt it ? Best regards, FX94 {image}

Hi Fx94,

You can read up on MTFA here. babypips MTFA

regarding the Triple Screen concept. Please read that Dr Alexander Elder book "Come into My Trading Room"

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #21,898
  • Jul 16, 2013 9:28am Jul 16, 2013 9:28am
Seems like I still need a lot more practice. My very first live account started $1,000 2 weeks ago. Discovered this thread when my balance was down to $100. And now it's $21, not enough for even a micro trade.

So back to demo it is. I'm really excited to practice more into TMS!
Everything you can imagine, is real - Pablo Picasso
  • #21,899
  • Jul 16, 2013 9:30am Jul 16, 2013 9:30am
Evening (in Thailand!)..

Took this GY trade on a pullback candle, which made a daily low (so far), and next candle closed above the high of that candle. Plus a TDI crossover from near 32 line.

Currently -pips due to my entry being a little late/early on the 2nd candle. Again I probably should have waited for a retracement and used the M5 chart to do it..

Any points/advice/help much appreciated!

Paul
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  • #21,900
  • Jul 16, 2013 9:40am Jul 16, 2013 9:40am
Quoting Direwolf
Seems like I still need a lot more practice. My very first live account started $1,000 2 weeks ago. Discovered this thread when my balance was down to $100. And now it's $21, not enough for even a micro trade. So back to demo it is. I'm really excited to practice more into TMS!
That should be enough to micro trade, I'm building up an account for a friend that got to $2.23 I'm trading it at 1 cent a pip. The account only has a maximum 1:50 leverage allowed..
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