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Trading Made Simple

  • #24,121
  • Edited 1:19am Aug 27, 2013 1:07am | Edited 1:19am
Quoting Kanderpro
{quote} Hello gsbharaj, Can I suggest you look at Phx62's last 100 posts and see how many long trades were taken when the green was above both the MBL and 50 (or just about to cross) and how many short trades were taken when the green was below both the MBL and 50 (or just about to cross). You'll also read of his concern (with his trades and others') with longs taken below the MBL and shorts taken above the MBL. Regards. Kan

This is good observations and advice.
The TDI' Yellow line MBL and the 50-level has important significance when trading lower timeframes H1 and below.

Also pay attention when the PL Green crosses the Yellow MBL and when the TSL red crosses the Yellow MBL. These crosses confirms and also yield some good profitable trades in lower timeframe.

Simply back-test by scrolling back your history charts and you will see how that work.

Bottom line to all these is still on your discipline to trade with the TDI and Price Action.

Without discipline, everything you learn technically about TMS will be in vain.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,122
  • Aug 27, 2013 1:08am Aug 27, 2013 1:08am
GBPAUD 1H

Bounce trade at 1H (as can be seen in the highlighted part)
Price above EMA
Tight SL with potentially R;R of 1:2

Closed at +50
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  • #24,123
  • Aug 27, 2013 1:10am Aug 27, 2013 1:10am
Hello Everyone, great thread here. I have read most of it by now and took the first demo trade today and was hoping for your comments.
I Focus on These rules:
1.) TDI Cross with good angle/slope
2.) APB first or second candle and good size
3.) Stoch must confirm
4.) Trade during full London session (1 hour before the London Stock market opens up to be precise) on 4hr Charts only.

Here is my first trade. Right after my entry the TDI slope flattened out which I dont like too much and I will likely Close the trade when we near Support below.
Attached Image (click to enlarge)
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  • #24,124
  • Aug 27, 2013 1:14am Aug 27, 2013 1:14am
Quoting emmanuel7788
{quote} What ever the case, if we place our focus at the price level 00, 25, 50 and 75, and the CONFLUENCE with recent support an resistance, we will see how price reacts at these levels. PA is more important than just the S&R alone. regards EMMANUEL
thats is right bt i was looking at their formulas an i was just wondering how its gonna work on real chart , this is just to pass august on GU and EU

thanks emmanuel, and ya i expect big money this week frm JPY pairs


cheers!
  • #24,125
  • Aug 27, 2013 1:20am Aug 27, 2013 1:20am
Quoting Goldtresor
Hello Everyone, great thread here. I have read most of it by now and took the first demo trade today and was hoping for your comments. I Focus on These rules: 1.) TDI Cross with good angle/slope 2.) APB first or second candle and good size 3.) Stoch must confirm 4.) Trade during full London session (1 hour before the London Stock market opens up to be precise) on 4hr Charts only. Here is my first trade. Right after my entry the TDI slope flattened out which I dont like too much and I will likely Close the trade when we near Support below. {image}...
I entered the same trade earlier but was out with +7 because I was not convinced with the PA. The entry you made was 3rd bar of APB. Kinda late for an entry imo.
  • #24,126
  • Aug 27, 2013 1:25am Aug 27, 2013 1:25am
Quoting Kanderpro
{quote} Hello gsbharaj, Can I suggest you look at Phx62's last 100 posts and see how many long trades were taken when the green was above both the MBL and 50 (or just about to cross) and how many short trades were taken when the green was below both the MBL and 50 (or just about to cross). You'll also read of his concern (with his trades and others') with longs taken below the MBL and shorts taken above the MBL. Regards. Kan
thank you.
i have read the three pdf files of phx62. even big e and emmauel posts. all were very helpful. each week is new as i learn and apply the previous week's lessons. this week i had planned to look at the price action. took the first trade and it gave me 20 pips of profit. then took eur/aud which was loss of 30 pips as the news weekned the usd. then took usd/inr trade which is 100 pips in profit and still going
good to learn from the experienced members.


happy trading
Come tomorrow, I'll wake up new
  • #24,127
  • Aug 27, 2013 1:35am Aug 27, 2013 1:35am
TDI for Iphone/Ipad

For those who want to configure TDI indicator in Apple mobile devices, here are the settings:
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  • #24,128
  • Aug 27, 2013 1:41am Aug 27, 2013 1:41am
took the nzd/chf short trade on a demo account. testing the price action here
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Come tomorrow, I'll wake up new
  • #24,129
  • Aug 27, 2013 1:44am Aug 27, 2013 1:44am
Quoting munirpt
TDI for Iphone/Ipad For those who want to configure TDI indicator in Apple mobile devices, here are the settings: {image} {image} {image} {image} {image} {image} {image}
can we apply this same method to android mt4? how about the fib and the pivot levels?
Come tomorrow, I'll wake up new
  • #24,130
  • Aug 27, 2013 1:48am Aug 27, 2013 1:48am
Quoting gsbharaj
{quote} can we apply this same method to android mt4? how about the fib and the pivot levels?
Hi

Sorry, but im not familiar with Android....
Fibs and pivots are not available on Iphone
  • #24,131
  • Aug 27, 2013 2:45am Aug 27, 2013 2:45am
GU week 35:

Finally GU start show some movements and breaking last week' low.
I still have 2 open positions from last Friday and now with average entry price @1.5600.

We shall see if this current H4 candle has enough seller support to press lower today.
It has broken the H4 channel I drew last 3 weeks.

Anyone in this trade?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,132
  • Aug 27, 2013 3:05am Aug 27, 2013 3:05am
GU 4H swing trade week 34 to 35 update:

Here is my trade chart showing the open positions with the current new H4 candle open.
Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,133
  • Aug 27, 2013 3:14am Aug 27, 2013 3:14am
Quoting munirpt
TDI for Iphone/Ipad For those who want to configure TDI indicator in Apple mobile devices, here are the settings: {image} {image} {image} {image} {image} {image} {image}
Hello munirpt. Are there settings for APB as well? The apb bars are like heiken ashi modified a little bit. Maybe they mobile has something in store.
  • #24,134
  • Aug 27, 2013 3:21am Aug 27, 2013 3:21am
Quoting tenmilewalk
{quote} Hello munirpt. Are there settings for APB as well? The apb bars are like heiken ashi modified a little bit. Maybe they mobile has something in store.
unfortunately no APB in Iphone....
  • #24,135
  • Aug 27, 2013 3:25am Aug 27, 2013 3:25am
EJ is getting to a confluence point
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  • #24,136
  • Aug 27, 2013 3:30am Aug 27, 2013 3:30am
Hi Emmanuel

Visually back tested TMS in H4. Where ever green crossed redthe market moved in that direction for at least 50 pips. I have set the TDI indi with signal (I attached in my post few pages back) in all the pairs in my mt4. Once every 4 hours the alert gives me indication of all those pairs where the greeen cross red fresh at that point. I just made few such entries and all of them hit the TP. My question is, even if we lose some trades over all we ma make profits by simply following the TDI. Why bother about price action. That should be TMS of TMS. Any trader with basic trading knowledge can make it successful. Am I correct?.

Fx...
  • #24,137
  • Aug 27, 2013 3:31am Aug 27, 2013 3:31am
Quoting emmanuel7788
GU week 35: Finally GU start show some movements and breaking last week' low. I still have 2 open positions from last Friday and now with average entry price @1.5600. We shall see if this current H4 candle has enough seller support to press lower today. It has broken the H4 channel I drew last 3 weeks. Anyone in this trade?
Hi Emmanuel, I am still waiting, for entry, different time zone. BTW thanks for all your help in this thread!
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  • #24,138
  • Aug 27, 2013 3:32am Aug 27, 2013 3:32am
Quoting munirpt
EJ is getting to a confluence point {image}

Expect to see some reaction around 130.30. Hope not too much bounce .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,139
  • Aug 27, 2013 3:45am Aug 27, 2013 3:45am
Hello To All


Both of E/U & G/U in a channel and should wait to see the PA!
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  • #24,140
  • Aug 27, 2013 4:10am Aug 27, 2013 4:10am
Quoting Fx-optimus
Hi Emmanuel Visually back tested TMS in H4. Where ever green crossed redthe market moved in that direction for at least 50 pips. I have set the TDI indi with signal (I attached in my post few pages back) in all the pairs in my mt4. Once every 4 hours the alert gives me indication of all those pairs where the greeen cross red fresh at that point. I just made few such entries and all of them hit the TP. My question is, even if we lose some trades over all we ma make profits by simply following the TDI. Why bother about price action. That should be...

Fx-optimus,

PA and Supp/Res has always been mentioned by Big E in many of his posts. How he views PA and Supp/Res is something many of you have to study his training charts and ask yourself what is that man seeing as PA and Supp/Res.
Also his trading style - where he places his initial SL and how he manages his trades. What was his R:R of his trades and his money management strategy. You can enter on a H4 TDI cross with initial SL at last swing high/low more than 100pips and trade fixed lot size, then jump out with 50pips or jump out when TDI goes flat, etc.

I ran many tests using historical data on different timeframes using a custom built system strategy tester. The results when we trade every TDI cross on H4 will not produce long term profitable results with SE/SE money management. Using ME/ME with position sizing will make a lot of difference. The Entries and Exits are both important factors for long term profitability.

My trading strategy is 4H swing to capture 60% of the weekly trading range and for me to get high probability trades I rely more on Price Action using Price Bar / Candlestick patterns. When I do this I do not jump into the market simply on TDI H4 cross. You can see in many of my trade posted how I use PA. My money management strategy is to build up positions with bank-in profits and this will help me achieve an Expectancy above 2.0 and to achieve my financial target of 10% ROI every 20 trading days.

Hope this explains.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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