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Trading Made Simple

  • #22,081
  • Jul 18, 2013 4:53pm Jul 18, 2013 4:53pm
Hi All
Is there a pdf or can someone advise a step by step procedure for back testing the TMS especially using just one pair for starters?

Any info on this subject would be great as ive never done it before??


Thanks
  • #22,082
  • Jul 18, 2013 5:00pm Jul 18, 2013 5:00pm
Hi Phx62

Can you expand on the back testing especially the procedure, thanks sounds very interesting

One pair at a time is a good idea too
  • #22,083
  • Jul 18, 2013 5:19pm Jul 18, 2013 5:19pm
@Phx62:
glad to see you back
Is it so that you have backtested only to enter the market if the cross over/under the yellow market base line happens??
If so are there any exceptions from this rule?
Thanks for any info .
Regards Zack

NOTE: I have never seen any advantage of the market base line hmmmm...
  • #22,084
  • Jul 18, 2013 5:45pm Jul 18, 2013 5:45pm
Hello everyone, this is my first post here.

I was backtesting this method for the month of june on EU and EJ, on M15. I only did it for a month worth of data because I was doing it manually and it takes time. In my testing, I only kept looking at 3 types of TDI crosses and I set entry points according to the 5 EMA rule. In total, all three TDI crosses put together generated 20 trades for 588 pips and 20 trades for 859 pips, on EU and EJ respectively. The results were astonishing and convinced me to put in more work into understanding this system, except I can't handle high tfs well. I feel the need to trade off M15. I found M5 was giving too many fakeouts, whereas M15 was just right.

I'd like to state, in this first post of mine in this thread, my thanks to the OP and many contributors who have stuck around, for presenting a different view of the market. I am nearly done testing everything I wanted and looking for what would suit me best in order to trade efficiently. I haven't done much PA patterns trading before, so it's a little scary...
  • #22,085
  • Jul 18, 2013 6:37pm Jul 18, 2013 6:37pm
Quoting zackery
@Phx62: glad to see you back Is it so that you have backtested only to enter the market if the cross over/under the yellow market base line happens?? If so are there any exceptions from this rule? Thanks for any info . Regards Zack NOTE: I have never seen any advantage of the market base line hmmmm...
I always look for the green and red line crosses but if the green crosses over the yellow at around the same time it crosses over the red, the trade will usually give up more pips than if green only crosses red. Also, I use the yellow line to help with trend....if green and red are below the yellow and the yellow is pointing down, I look for strong short trades especially if the TDI lines are also below the 50 line. There is no rule about the yellow line.....just some tendencies that I have seen.
  • #22,086
  • Edited 6:48pm Jul 18, 2013 6:38pm | Edited 6:48pm
Good morning,

A brand new day open here in Asia Pacific,

EJ had a nice run up yesterday breaking upwards and exceeding the Average 52 Weeks range quite easily.

With a strong D1 candle cloisng soon .. 25mins times.

Do you want to be buyer or seller today?

This it the same question I ask myself everyday after the previous D closed.

Today is Friday, so I won't be opening any new 4H trades.

Anyone want to share your thoughts on trading EJ today?

Good Trading.

regards,
EMMANUEL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ W1 range hit19-7-2013 6-18-43 AM.png Size: 39 KB
Click to Enlarge Name: EJ 19 Jul D1 view 19-7-2013 7-28-46 AM.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,087
  • Jul 18, 2013 6:51pm Jul 18, 2013 6:51pm
Quoting emmanuel7788
Good morning, A brand new day open here in Asia Pacific, EJ had a nice run up yesterday breaking upwards and exceeding the Average 52 Weeks range quite easily. With a strong D1 candle cloisng soon .. 25mins times. Do you want to be buyer or seller today? This it the same question I ask myself everyday after the previous D closed. Today is Friday, so I won't be opening any new 4H trades. Anyone want to share your thoughts on trading EJ today? Good Trading. regards, EMMANUEL {image} {image}

This is something classic which suppose to happen. It already did in M5 and I made 17 pips but I don't know if that one accepted or not.
May be it should happen in Daily or H4 too.

Heading to backyard.be back in couple of hours.
Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 95 KB
Failure, is a wonderful teacher!
  • #22,088
  • Jul 18, 2013 7:00pm Jul 18, 2013 7:00pm
Just a side note:
Dow and S&P closed on new highs ... positive!
see how Asian market reacts ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,089
  • Jul 18, 2013 7:11pm Jul 18, 2013 7:11pm
Quoting mike1349
{quote} This is something classic which suppose to happen. It already did in M5 and I made 17 pips but I don't know if that one accepted or not. May be it should happen in Daily or H4 too. Heading to backyard.be back in couple of hours. {image}
everything we do is accepted.
only the market can reject what we do.

today is Friday,
for me only intraday, so keep things simple ... use TDI, APB, PAC and the usual S&Rs.

4H swing has to wait till next week open again.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,090
  • Jul 18, 2013 7:13pm Jul 18, 2013 7:13pm
EJ D1 view...
a few recent D1 swing points in the nearby region which can be in play going forward
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 19 D1 view 2 19-7-2013 8-00-45 AM.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,091
  • Jul 18, 2013 7:17pm Jul 18, 2013 7:17pm
Quoting emmanuel7788
Good morning, A brand new day open here in Asia Pacific, EJ had a nice run up yesterday breaking upwards and exceeding the Average 52 Weeks range quite easily. With a strong D1 candle cloisng soon .. 25mins times. Do you want to be buyer or seller today? This it the same question I ask myself everyday after the previous D closed. Today is Friday, so I won't be opening any new 4H trades. Anyone want to share your thoughts on trading EJ today? Good Trading. regards, EMMANUEL {image} {image}

Good morning to you too Emmanuel and the entire TMS warriors, whether it is morning, afternoon or night. I wish you a very good period over there. Emmanuel I think you're right to have refrained a bit from the EJ chart given the kind of presentation it is giving us. The pair presents a trending outlook in the 4h and the daily chart. In the weekly, there is a confirmation that the week has been bullish for EJ and may want to tempt one to give a little bit of consideration, but I think that be far from historic traders who have the understanding of the fact that currencies which are given to trend one direction for the whole week are disposed to reverse on Fridays. Judging from this trend, I would have entered it on Tuesday, Wednesday, and Thursday without asking question, but Friday I cannot.
  • #22,092
  • Jul 18, 2013 7:22pm Jul 18, 2013 7:22pm
AU D1 view:
Attached Image (click to enlarge)
Click to Enlarge Name: AU D1 view 19 Jul 19-7-2013 8-17-34 AM.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,093
  • Jul 18, 2013 7:30pm Jul 18, 2013 7:30pm
Quoting emmanuel7788
AU D1 view: {image}
I did'nt know you would get that on time bro. You're right about the pin bar but I call it evening star as my Japannses candlestick gives me. Already making some pips on it.
  • #22,094
  • Jul 18, 2013 7:36pm Jul 18, 2013 7:36pm
Quoting dalytec
{quote} I did'nt know you would get that on time bro. You're right about the pin bar but I call it evening star as my Japannses candlestick gives me. Already making some pips on it.

that should (hopeful... ) give 35 pips from SYD 2H low...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,095
  • Jul 18, 2013 7:40pm Jul 18, 2013 7:40pm
Quoting emmanuel7788
{quote} that should (hopeful... ) give 35 pips from SYD 2H low...
Have you considered the EU on the daily chart? I want you to take a look at that morning star.
  • #22,096
  • Jul 18, 2013 7:47pm Jul 18, 2013 7:47pm
For those AsiaPac early bird traders, you can trade when Sydeny ASX opens.
Just observe the first 2 hours of the market and mark AU high low range of the first 2hours.
Anything between 15 and 20 pips, trade the breakout . Use M15 and follow basic TMS rules, and use PA entry.
Attached Image (click to enlarge)
Click to Enlarge Name: AU 19 Jul SYD_2H 19-7-2013 8-39-45 AM.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,097
  • Jul 18, 2013 8:10pm Jul 18, 2013 8:10pm
Quoting emmanuel7788
{quote} that should (hopeful... ) give 35 pips from SYD 2H low...

Come on Emmanuel.....you don't need my "Praying System"

It is for newbies like me so please DO NOT make God busy....your TP is already hit

I am praying for my SL not to hit
Failure, is a wonderful teacher!
  • #22,098
  • Jul 18, 2013 8:11pm Jul 18, 2013 8:11pm
Quoting dalytec
{quote} Have you considered the EU on the daily chart? I want you to take a look at that morning star.
I don't see a D1 morning star???

here is what I see on my D1 and H1 charts.

Today will be only H1 and M15 trades, be mindfull of the daily traded range...... ca. 90pips
take 60% of that as target.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU D1 view 19 Jul 19-7-2013 8-55-59 AM.png Size: 35 KB
Click to Enlarge Name: EU H1 ADR targets 19-7-2013 9-00-17 AM.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,099
  • Jul 18, 2013 8:17pm Jul 18, 2013 8:17pm
Quoting Phx62
Two trades today.....both during Asian session....slept through London today, so no trades during London.{image}{image}
The EJ, what stopped you from entering 1 candle earlier? That one also pass previous candle high?
Everything you can imagine, is real - Pablo Picasso
  • #22,100
  • Jul 18, 2013 8:50pm Jul 18, 2013 8:50pm
Quoting mike1349
{quote} Come on Emmanuel.....you don't need my "Praying System" It is for newbies like me so please DO NOT make God busy....your TP is already hit I am praying for my SL not to hit
do you use M15 PAC to scalp ?

that should work for you...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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