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Trading Made Simple

  • #24,261
  • Aug 29, 2013 1:00am Aug 29, 2013 1:00am
Hi Emmanuel

I avoided entering long in JPY pairs yesterday based on technical and fundamental. But these pairs proved me wrong and moved up confirming yesterday's TDI long setup.

Observation : Irrespective of what the technical/fundamental analysis says the market moves on it's own terms and we have no clue which entry will turn out right and which one wrong. That is why I have been finding this method to blindly follow the TDI with HA. Some are hits and some are misses. Obviousely misses are less in pips as we are not going to hold the losing trade and the winners are always huge with 100 pips plus.

However, I made entry in EURAUD short yesterday and built up three positions. Two have been locked in profits. I missed one more entry at zero hour when I was sleeping. Can you just check the chart and give me feedback.

Fx..
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  • #24,262
  • Aug 29, 2013 1:22am Aug 29, 2013 1:22am
Quoting Fx-optimus
Hi Emmanuel I avoided entering long in JPY pairs yesterday based on technical and fundamental. But these pairs proved me wrong and moved up confirming yesterday's TDI long setup. Observation : Irrespective of what the technical/fundamental analysis says the market moves on it's own terms and we have no clue which entry will turn out right and which one wrong. That is why I have been finding this method to blindly follow the TDI with HA. Some are hits and some are misses. Obviousely misses are less in pips as we are not going to hold the losing trade...
Optimus I have been analysing tms from sometime. Well I have found out that if we use this method in combination with candle patterns then it works good .....
Come tomorrow, I'll wake up new
  • #24,263
  • Aug 29, 2013 2:30am Aug 29, 2013 2:30am
Quoting gsbharaj
{quote} Optimus I have been analysing tms from sometime. Well I have found out that if we use this method in combination with candle patterns then it works good .....
My dear sir, Keep only two indicators TDI and HA. Just see previous days charts and count how many entry opportunities. Physically measure the pips both winning and losing trades. You will find profitable. Any one can trade using this simple method. If you know additional knowledge on candle stick patterns etc. is added advantage, but not necessary. We are trading the price action shown by the TDI and confirmed by HA average bars. Analysis leads to paralysis. Keep it simple. You will be always profitable. This way of trading there are no emotions at play. We are not experts to check so many aspects before entering. In H4 every entry gives at least 20 pips before changing direction. If you are alert you can exit.

Please note every trader is different. What one trader sees in a chart other traders can not see. What experts see in a chart I could not see. So why break our heads with so many aspects of trading.

This is my way of TMS (Tms Made Simple).

Good Luck

FxOptimu$
  • #24,264
  • Aug 29, 2013 2:40am Aug 29, 2013 2:40am
Please see the daily charts of EURAUD and EURCAD. Both are showing nice down trend. My entries have so far generated about 240 pips. Still there is some steam in the momentum. If they keep moving I will add positions every 4 hours. If not I will one position and exit all others.

Infact there were 8 setups alerted by my TDI arrow indi at the zero hour when I was sleeping.

Fx...
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  • #24,265
  • Aug 29, 2013 2:41am Aug 29, 2013 2:41am
fxoptimus that sounds like a simple and effective approach to this method. ie take the TDI cross/HA change on the H4 chart and cut losers, let winners run (while locking in profits/adding to winners)

keep us posted on your results, as your implementation seems true to the espirit of the original idea



Quoting Fx-optimus
Hi Emmanuel I avoided entering long in JPY pairs yesterday based on technical and fundamental. But these pairs proved me wrong and moved up confirming yesterday's TDI long setup. Observation : Irrespective of what the technical/fundamental analysis says the market moves on it's own terms and we have no clue which entry will turn out right and which one wrong. That is why I have been finding this method to blindly follow the TDI with HA. Some are hits and some are misses. Obviousely misses are less in pips as we are not going to hold the losing trade...
  • #24,266
  • Aug 29, 2013 3:09am Aug 29, 2013 3:09am
Quoting Fx-optimus
{quote} My dear sir, Keep only two indicators TDI and HA. Just see previous days charts and count how many entry opportunities. Physically measure the pips both winning and losing trades. You will find profitable. Any one can trade using this simple method. If you know additional knowledge on candle stick patterns etc. is added advantage, but not necessary. We are trading the price action shown by the TDI and confirmed by HA average bars. Analysis leads to paralysis. Keep it simple. You will be always profitable. This way of trading there are no...
Well all tdi crosses are not profitable opportunities....so I realy on candle stick pattern and cross
Come tomorrow, I'll wake up new
  • #24,267
  • Aug 29, 2013 3:20am Aug 29, 2013 3:20am
Hi,

Currently short on G/U as there is a 1 hour cross. Apologies I'm unable to post charts, as I'm at work.

Just looking for a quick short, I'm a bit reluctant to trade against the huge daily pin bar yesterday but my bias says bearish...


Can anyone shed some light? Also does anyone know what the BN levels stand for that Emmanuel posted quite some time back, he uses for 1hour and 4hour charts?
  • #24,268
  • Aug 29, 2013 3:59am Aug 29, 2013 3:59am
Quoting emmanuel7788
{quote} Dannoo360, I still have bigger problem than you when I try trade H1 during the hours after London close until Sydney open. Two reasons: 1) It is my bedtime in Asia Pacific time zone. 2) The market session hours after London close is difficult to trade as liquidity often drop and the impact of US news affects the trading volatility. The best trading hours are still the European market hours - from Frankfurt open till London close. Please post some charts and let us here have a look together and see what we can learn from them. Have you considered...
Thanks for the reply Emmanuel.

Yes I have considered trading of D1 TF as it would probably suit me better only having to trade once a day. I left a few of the red trades open last night when I went to bed and woke up this morning in green, most of the ones I decided to leave open becuase of the D1 Chart timeframe so I will definatley try using that and see what the results are like.

Thank you for pointing me in the right direction with session hours, I had seen earlier in the forum that eelfranz preferred to trade London session but I didn't know if this was important or not. I will try and only trade London, which should work quite well with the D1 charts for me as I will get home just as London closes so can check trades and decide on action then.

Like I say, I will post screenshots of the next trades I do.
  • #24,269
  • Aug 29, 2013 4:35am Aug 29, 2013 4:35am
Quoting blamshakk
fxoptimus that sounds like a simple and effective approach to this method. ie take the TDI cross/HA change on the H4 chart and cut losers, let winners run (while locking in profits/adding to winners) keep us posted on your results, as your implementation seems true to the espirit of the original idea {quote}
The original method by BigE is very simple and gives results. But, there are other friends here having diverse knowledge of trading and devising their own way of trading using additional tool. Please re-read Best of BigE and tryout the way he has been trading the H4 and Daily charts. Try and see what BigE could see in the charts and simply adopt the method. He has mentioned about exiting the trade on signs indicated by HA and TDI. That is very important or else you will end up in draw down. Trading the H1 requires special skill as there are more noise in the price action.

GoodLuck

Fx..
  • #24,270
  • Aug 29, 2013 4:47am Aug 29, 2013 4:47am
Quoting Wqiang
{quote} Hi, learning to draw channel. Hope I did it correctly.. Thanks and regard, Wqiang {image}
Wqiang,

Good effort...
Thanks for posting and sharing it.

See my comments attached below.
Attached Image (click to enlarge)
Click to Enlarge Name: wqiang UJ H4 channels.gif Size: 78 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,271
  • Aug 29, 2013 5:03am Aug 29, 2013 5:03am
Quoting emmanuel7788
{quote} Wqiang, Good effort... Thanks for posting and sharing it. See my comments attached below. {image}
hi Emmanuel,

we have to consider another patter: this big simmetric triangle on daily chart.. loook!!

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpydaily.png Size: 71 KB


frank
  • #24,272
  • Aug 29, 2013 5:28am Aug 29, 2013 5:28am
Little scalp on AU 1H
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 100 KB
  • #24,273
  • Aug 29, 2013 5:35am Aug 29, 2013 5:35am
Quoting frank_seb
{quote} hi Emmanuel, we have to consider another patter: this big simmetric triangle on daily chart.. loook!! {image} frank

Yup, seen that too.
based on D1 ... tomorrow will be BUY only...??? 98.20
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,274
  • Aug 29, 2013 6:56am Aug 29, 2013 6:56am
Dannoo360 if you are considering TMS for day charts have you checked out the dedicated thread:

http://www.forexfactory.com/showthread.php?t=334035

its a slightly altered approach for the day charts but very effective

regards


Quoting Dannoo360
{quote} Thanks for the reply Emmanuel. Yes I have considered trading of D1 TF as it would probably suit me better only having to trade once a day. I left a few of the red trades open last night when I went to bed and woke up this morning in green, most of the ones I decided to leave open becuase of the D1 Chart timeframe so I will definatley try using that and see what the results are like. Thank you for pointing me in the right direction with session hours, I had seen earlier in the forum that eelfranz preferred to trade London session but I didn't...
  • #24,275
  • Aug 29, 2013 6:57am Aug 29, 2013 6:57am
Quoting Dannoo360
{quote} Thanks for the reply Emmanuel. Yes I have considered trading of D1 TF as it would probably suit me better only having to trade once a day. I left a few of the red trades open last night when I went to bed and woke up this morning in green, most of the ones I decided to leave open becuase of the D1 Chart timeframe so I will definatley try using that and see what the results are like. Thank you for pointing me in the right direction with session hours, I had seen earlier in the forum that eelfranz preferred to trade London session but I didn't...

ok, just PM you.
check pls.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,276
  • Aug 29, 2013 7:05am Aug 29, 2013 7:05am
Quoting Fx-optimus
Hi Emmanuel I avoided entering long in JPY pairs yesterday based on technical and fundamental. But these pairs proved me wrong and moved up confirming yesterday's TDI long setup. Observation : Irrespective of what the technical/fundamental analysis says the market moves on it's own terms and we have no clue which entry will turn out right and which one wrong. That is why I have been finding this method to blindly follow the TDI with HA. Some are hits and some are misses. Obviousely misses are less in pips as we are not going to hold the losing trade...

Yesterday JPY pairs were risky to take any counter trend trades as there was no reversal seen. Only the commodities currencies ran better. ..EJ hardly moved.

EURAUD and EURCAD looks good on D1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,277
  • Aug 29, 2013 7:12am Aug 29, 2013 7:12am
Quoting munirpt
Little scalp on AU 1H {image}
Good trade bro, Price Action failed to make higher high and higher close, followed by lower high double top of previous high and inside bar followed by APB change of color and cross of TDI, following the trend, perfect setup

Emmanuel

I would to ask you about a recommendation for a trend following book, I would like to read more about Trend Following if there is any recommend book or read, pls let me know, thanks a lot
I Have Learned to Take Some Losses to Make Profits
  • #24,278
  • Aug 29, 2013 7:14am Aug 29, 2013 7:14am
Quoting hermes418
Let me start by saying I'm a complete Forex neophyte (only been demo trading a couple of months). I'm intrigued by the method here, but I cannot seem to make it work. I've read a goodly chunk of the thread, and have seen many great examples of good trades, but what I think would help me would be seeing what criteria I should be using to filter out bad trades. For example, I've attached a the EUR/USD hourly for the last couple of days. I have marked what I think are all the system entries - however, almost 2/3 of them are losers. What criteria should...

hermes418,

I suggest you do the same for H4 and D1 chart timeframe and see how many wins and loss trades using just the entry and exit rules by eelfranz.

If there is a criteria to filter H1 trading, that would be Price Action.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,279
  • Aug 29, 2013 7:25am Aug 29, 2013 7:25am
Quoting TheScorpS
{quote} Good trade bro, Price Action failed to make higher high and higher close, followed by lower high double top of previous high and inside bar followed by APB change of color and cross of TDI, following the trend, perfect setup Emmanuel I would to ask you about a recommendation for a trend following book, I would like to read more about Trend Following if there is any recommend book or read, pls let me know, thanks a lot

Most books out there talk about trend following systems.

Author by the name Martin Pring has a couple of books on technical analysis. You find them at his website www.pring.com
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,280
  • Aug 29, 2013 7:32am Aug 29, 2013 7:32am
Quoting eelfranz
1st Trading Chart... Note on the TDI showing your entry set ups... green crossing red enter on that new PA candle... {image}
Hi,
I am completely new and I got inspired to read your thread. I was trying to download attached file "1 best 5 ma tdi.tpl". But could not do it. Can you please help me with it.

Thanks,
NRahman
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