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Trading Made Simple

  • #24,681
  • Sep 5, 2013 6:21pm Sep 5, 2013 6:21pm
Quoting gsbharaj
since yesterday i have been studying on how to make S&R. real a lot whole day. as i have started to grab the basic concepts i have realized that they are more powerful than pivot points. i was initially trying to trade using the pivots but could not make a successful trade. i think soon i will be able to produce good results. thank you everyone here at TMS. Still a long way to go...
You will see traders using horizontal lines, trend lines and moving averages for support and resistance, in addition to Fibs.

As you practice marking them on charts you will develop an eye for them, it takes practice drawing them and all of a sudden you will start to see them easily.

There are several commercial traders who use support and resistance as their only indicator..... your time is well spent.
  • #24,682
  • Sep 5, 2013 7:13pm Sep 5, 2013 7:13pm
recently i had a rather disturbing realization about TDI indicator. wanted to try MacD instead of stochastic. Look at this chart below plss:

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i did not waste a lot of time on it, but im pretty sure there is a setting that will match to tdi's default behavior 100%.

now same indicators, same settings, (removed the histogram for a clearer view) different chart tho:

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  • #24,683
  • Sep 5, 2013 7:22pm Sep 5, 2013 7:22pm
Quoting kwonkicker
recently i had a rather disturbing realization about TDI indicator. wanted to try MacD instead of stochastic. Look at this chart below plss: {image} i did not waste a lot of time on it, but im pretty sure there is a setting that will match to tdi's default behavior 100%. now same indicators, same settings, (removed the histogram for a clearer view) different chart tho: {image}
That is not a new discovery. There are people who posted this 'simulation' of the TDI using then MACD. Since both technical indicators calculates using the same price above, it can be done. ... the ergodic way. There are a few ergodic indicators created which also produced good trading results.

Nice work and sharing here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,684
  • Sep 5, 2013 7:30pm Sep 5, 2013 7:30pm
Quoting kwonkicker
recently i had a rather disturbing realization about TDI indicator. wanted to try MacD instead of stochastic. Look at this chart below plss: {image} i did not waste a lot of time on it, but im pretty sure there is a setting that will match to tdi's default behavior 100%. now same indicators, same settings, (removed the histogram for a clearer view) different chart tho: {image}
What you noticed is true. You can make many different indicators end up looking almost identical by adjusting the settings. The visual display of any indicator on your chart is driven by the underlying mathematical formula using price, time and volume. You can use any indicator you want as long as you are paying attention to the underlying price action. TMS is based around TDI, I use CCI in one of my systems and end up getting signals at about the same time and price very frequently. That's why you have likely seen many times some of the more consistent members of this thread mention that they use TDI as their confirmation. The initial signal is based on what the price action in relation to S/R is telling us.
"... and money is the answer for everything." Ecclesiastes 10:19
  • #24,685
  • Sep 5, 2013 7:30pm Sep 5, 2013 7:30pm
I have taken a short position in USDJPY and GBPJPY after the last 1 hour closes. Are these correct entries? and am I reading charts correctly?

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He who knows when he can fight and when he cannot, will be victorious.
  • #24,686
  • Sep 5, 2013 7:40pm Sep 5, 2013 7:40pm
ok "PA is KING" got it guys thanks.
  • #24,687
  • Sep 5, 2013 8:22pm Sep 5, 2013 8:22pm
Quoting TheDDReport
I have taken a short position in USDJPY and GBPJPY after the last 1 hour closes. Are these correct entries? and am I reading charts correctly? {image} {image}
right now both trades looks running in profit.
manage well and not to give back too much to the market.

remember today is NFP so market may make erratic moves before NY open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,688
  • Sep 5, 2013 8:43pm Sep 5, 2013 8:43pm
Quoting TheScorpS
{quote} Actually I was watching EUR/JPY as I have spotted an ABCD pattern off the 30 min chart, since I don't trade the 30 m chart, I just practiced noticing ABCD harmonic moves, this moves works flawlessly {image}

There are other ratios to consider other than the AB=CD which you may want to look at too. This will help you look for swing points with higher probability to catch the reversal setups. Stick to the timeframe you trade in when you want to adopt harmonics ratios to achieve consistency.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,689
  • Sep 5, 2013 8:47pm Sep 5, 2013 8:47pm
Quoting Phx62
Took one EU H1 trade following a break of the LO candle above the Frankfurt candle. It was a risky trade since the TDI green had not crossed over the red and the yellow MBL was also above the green and red. My TP was barely hit before price reversed. I am also demo trading gold.....there have been some nice moves during London but my broker in the USA (FXDD) does not allow leverage trading on gold. Gold trades are 1 to 1 leverage....so a standard lot is $1 instead of $10. When I trade $1 lots, I would be earning $1 per pip on a standard lot. No...

http://www.forexfactory.com/attachment.php?attachmentid=1268644&stc=1&thumb=1&d=1378408818

The price action of the EJ H1 trade is interesting when I look at it in hindsight. Good trade!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,690
  • Sep 5, 2013 8:59pm Sep 5, 2013 8:59pm
Quoting Arete
To All Phx62 "Clones" I Know this has been tried before, but with a decent little community here i thought one more shot wouldn't hurt at trying a Live Chat Room, I set up a private lobby on tiny chat, link . . . http://tinychat.com/ak670 Anyone can join, all you need to do is Copy & Paste the URL click "Guest" type in any old name (Preferably your Name from here) and then we are all able to talk at a faster pace. I will be in the chat tomorrow from 06.45 GMT- 1700 GMT. I have spent 6 months or so trying to copy Phx62's every move...

Arete,

Trading is a lonely business when you do it alone.
Well I hope you can organise and manage this well and achieve after a period in time that a group of likeminded traders will form a trading TEAM and succeed as a TEAM.

T - Together
E - Everyone
A - Achieves
M - More

My very best wishes to you all.

I'll pop by when I find time to.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,691
  • Sep 5, 2013 9:04pm Sep 5, 2013 9:04pm
Arete,

Do you know why birds fly in V-formation?
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,692
  • Sep 5, 2013 9:21pm Sep 5, 2013 9:21pm
EU week 36 - 6 Sep

With previous week' strong bear candle and yesterday' s strong bear candle ,
would you be buyer or seller today?

if you are seller on H4, it is Friday and NFP can be to your advantage. But I will not open a new 4H swing trade on Fridays as I do not want to hold open position exposed. There is the G20 summit on going.

Some price levels where I will look for PA to add positions.
1.3150
1.3225

The long term sell is still intact ~ 450pips.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,693
  • Sep 6, 2013 12:40am Sep 6, 2013 12:40am
Quoting emmanuel7788
{quote} There are other ratios to consider other than the AB=CD which you may want to look at too. This will help you look for swing points with higher probability to catch the reversal setups. Stick to the timeframe you trade in when you want to adopt harmonics ratios to achieve consistency.
What are other ratios to consider other than the AB=CD formation, and as you say Emmanuel, stay with the time frame I'm trading
I Have Learned to Take Some Losses to Make Profits
  • #24,694
  • Sep 6, 2013 1:13am Sep 6, 2013 1:13am
Quoting emmanuel7788
Arete, Do you know why birds fly in V-formation? {image}

I have no idea if im honest, its a pattern i notice in 15m constantly...
  • #24,695
  • Sep 6, 2013 1:30am Sep 6, 2013 1:30am
Quoting emmanuel7788
Arete, Do you know why birds fly in V-formation? {image}
this flight formation can increase the flight efficiency of the birds, allowing them to expend less energy in order to fly.

This is essential for migrating birds that must travel long distances without landing, any conservation of energy is essential. the conservation of energy occurs because instead of flying on the same relative plane, each bird is at a slightly lower altitude than the other. this difference allows the birds to take “advantage of the upwash vortex fields created by the wings of the birds in front”(1). This results in a reduction of air resistance, reducing some of the drag that the birds would otherwise have to overcome. So every bird that is behind another feels a reduction in drag, but what about the bird in front? extended studies on migrating birds have shown that when the lead bird tires, it falls to the end of one of the V’s arms, and one of the nearest two birds take its place. This rotation allows the flock to fly for much longer than would otherwise be possible.

http://blogs.bu.edu/bioaerial2012/2012/09/28/635/
i worshipped... Momentum
  • #24,696
  • Sep 6, 2013 2:32am Sep 6, 2013 2:32am
Quoting Phx62
Took one EU H1 trade following a break of the LO candle above the Frankfurt candle. It was a risky trade since the TDI green had not crossed over the red and the yellow MBL was also above the green and red. My TP was barely hit before price reversed. I am also demo trading gold.....there have been some nice moves during London but my broker in the USA (FXDD) does not allow leverage trading on gold. Gold trades are 1 to 1 leverage....so a standard lot is $1 instead of $10. When I trade $1 lots, I would be earning $1 per pip on a standard lot. No...
The perfection of your trades are inspiring...
  • #24,697
  • Sep 6, 2013 3:54am Sep 6, 2013 3:54am
Quoting emmanuel7788
{quote} Hi folks, Andyvix833, you are very generous calling me guru. You made two excellent posts above and I am sure that speaks about your character and that is what make you successful in trading TMS. I am definitely not a forex guru here. Gurus write books and sell trading courses and seminars. What make me different is perhaps I had spent more time trading in the last 6 years trading spot forex fulltime than many members in this thread. Over the past 5 years, I clocked more than 10,000 hours but not all these hours are spend just on the screen...
Hi Emmanuel,
Sorry, going back in time a bit here. I was just reviewing old posts and came across this. I'm studying the tms APB patterns at the moment. Of course we need to use these in combination with the raw price action data (OHLC), but can I ask what, if any, APB patterns you specifically look for?
Thanks UK1
  • #24,698
  • Sep 6, 2013 3:55am Sep 6, 2013 3:55am
Quoting rockrobb
{quote} this flight formation can increase the flight efficiency of the birds, allowing them to expend less energy in order to fly. This is essential for migrating birds that must travel long distances without landing, any conservation of energy is essential. the conservation of energy occurs because instead of flying on the same relative plane, each bird is at a slightly lower altitude than the other. this difference allows the birds to take “advantage of the upwash vortex fields created by the wings of the birds in front”(1). This results in a...
I read up on this aswell, very thought provoking Emmanuel...
  • #24,699
  • Edited 4:23am Sep 6, 2013 3:58am | Edited 4:23am
Quoting emmanuel7788
{quote} http://www.forexfactory.com/attachment.php?attachmentid=1268644&stc=1&thumb=1&d=1378408818 The price action of the EJ H1 trade is interesting when I look at it in hindsight. Good trade!
Hello Emmanuel7788 and Phx62,

I'd be grateful for your comments (and anyone else's).

I currently limit my trading to the following scenarios on H1: shorts when the green is below the MBL and the 50, longs when green is above the MBL and the 50. I haven't written down my plan for these scenarios yet, but I suspect they are successful when the same thing is happening on 15m.

I also trade this scenario (which unbeknownst to me, may be common knowledge): I believe that visual backtesting (i.e. scrolling back through the charts) shows that H1 reversal PA generally succeeds when green and the MBL are on either side of the 50. Only these elements are considered, not a TDI cross but I dare say that it's never far away. As I said, this is visual - I haven't collected data yet and worked out any specific "if.... then...." scenarios so it's probably a work in progress. One exception to the "rule" will probably be when the reversal PA appears at the end of a good down or up move and the MBL is sloping.

Phx62 says that the trade that Emmanuel refers to above (it was an EU trade, Emmanuel) was risky. If the above reason for entry is valid, it might only have been risky because the reversal PA was not fully formed.

Thanks,
Kan
Thanks for your help, warmth and straight talking Heather.
  • #24,700
  • Sep 6, 2013 4:18am Sep 6, 2013 4:18am
Quoting Arete
To All Phx62 "Clones" I Know this has been tried before, but with a decent little community here i thought one more shot wouldn't hurt at trying a Live Chat Room, I set up a private lobby on tiny chat, link . . . http://tinychat.com/ak670 Anyone can join, all you need to do is Copy & Paste the URL click "Guest" type in any old name (Preferably your Name from here) and then we are all able to talk at a faster pace. I will be in the chat tomorrow from 06.45 GMT- 1700 GMT. I have spent 6 months or so trying to copy Phx62's every move...
hello Arete, why not try skype?
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