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Trading Made Simple

  • #24,901
  • Sep 11, 2013 6:30am Sep 11, 2013 6:30am
Quoting gsbharaj
these pairs should be exactly in the opposite direction {image} {image}
currency correlation.. it' not about 'should be exactly in opposite direction', there's just a correlation...
http://www.babypips.com/school/under...-correlations/
  • #24,902
  • Sep 11, 2013 6:49am Sep 11, 2013 6:49am
If anyone should.
Little help if you need, box alert indicator.
Outbreak helper.
Attached File(s)
File Type: ex4 box_alert.ex4   6 KB | 529 downloads
  • #24,903
  • Sep 11, 2013 6:50am Sep 11, 2013 6:50am
Hi all, Emanuel

Been away for a while, posting in the AUDUSD forum lately, the only pair I follow for now. Still losing money (what's new|?)

Evidently i still dont get the TDI simple method as you guys who make money do

Never giving up and coming back

Re your post 24890, I don't see the risk, the cross happened, so what's the issue? it was oversold... is it the angle?
  • #24,904
  • Sep 11, 2013 7:10am Sep 11, 2013 7:10am
back from swimming lads. body and mind has to be in good condition. it is 20 percent of success in trading.
  • #24,905
  • Sep 11, 2013 7:11am Sep 11, 2013 7:11am
Quoting thewriter30
Hi all, Emanuel Been away for a while, posting in the AUDUSD forum lately, the only pair I follow for now. Still losing money (what's new|?) Evidently i still dont get the TDI simple method as you guys who make money do Never giving up and coming back Re your post 24890, I don't see the risk, the cross happened, so what's the issue? it was oversold... is it the angle?
If you keep doing what you've been doing and lose money every time you do it, why don't you change what you're doing en start making money?

I started with the TMS like Big E did it, but I lost money too. So I changed the strategy into something that works for me. A personalised TMS sort of thing. Takes a lot of testing, forward and back, but I started to make some demo-money now.
Adaptation is the key. Learn from you're mistakes. Keep a detailed log so you can read all your mistakes back to find out what goes wrong.
  • #24,906
  • Sep 11, 2013 7:20am Sep 11, 2013 7:20am
Thx for the answer
I guess my main problem has been always over leverage.... and second on top 5 not following the plan like a machine.

mate, I would have thought this was a TDI top ENtry , it were not...would be cool to point my mistake? thanks
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  • #24,907
  • Sep 11, 2013 7:42am Sep 11, 2013 7:42am
Quoting thewriter30
Thx for the answer I guess my main problem has been always over leverage.... and second on top 5 not following the plan like a machine. mate, I would have thought this was a TDI top ENtry , it were not...would be cool to point my mistake? thanks {image}
Good chart example:

Just looking at the chart candles (without even considering the indicators you have), what is the market type?

Do you see consolidation?

Can you identify a Master Candle? Inside Bar?... Pop Gun ?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,908
  • Edited 8:06am Sep 11, 2013 7:48am | Edited 8:06am
Is the USDCAD H4
I see consolidation yes here
will look for the others...

no pop gun or master candle (unless i am blind)
not IB or OB


http://img713.imageshack.us/img713/1379/masterzl.png
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Attached Image
  • #24,909
  • Sep 11, 2013 8:02am Sep 11, 2013 8:02am
Quoting thewriter30
Is the USDCAD H4 I see consolidation yes here will look for the others... {image}
Previous Week was a bearish,
Previous Days was bearish,
consolidation is good and it is indicative that the downtrend is possibly ending and the MC, IBs, and Pop Gun is good sign that things will POP!

Here, let's learn to read the Price Action of the HA candles.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,910
  • Sep 11, 2013 8:13am Sep 11, 2013 8:13am
Setup forming on AUDUSD? Double Inside Bar at historical resistance zone. MBL above 68, so looking for short. For me the last 4H just opened 10 minutes ago, but I'll wait until IB is broken. I'm aware of the fact that it's against the Daily trend so I'll take only a small position. Any comment is welcome
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  • #24,911
  • Sep 11, 2013 8:13am Sep 11, 2013 8:13am
Quoting normanauf
this is not a indicator....go to account history, choose the trade you want to see and drag it into the chart that's it.
Could you pls send the indicator witch show mraket open & close time on HA candle
Helanka
  • #24,912
  • Sep 11, 2013 8:47am Sep 11, 2013 8:47am
Different ways to trade using the TDI.

There are different ways to trade using the TDI, some already know this while many still struggling trading with every TDI Cross for entries..
Big E' method to trade TDI crosses is aggressive. That is his style. Not yours.
If you still have not achieve consistent win rates, then you should consider to adopt a less aggressive trading style either be Active trading style or the Moderate trading style.
You will get fewer trades but that also translates to fewer losses. Fewer trades can be more profitable over a longer term trading when you have a proven money management and position sizing strategy.
Think of a "Let Profit Run" money management and trade management methodology and work that into TMS to be your own winning system which only fits you.
You decide on your own rules and only you can discipline yourself to follow your own rules.
You need to trust yourself and your own rules.
You need to believe in yourself.


Entry conditions:

Scalping
Long = Green over/above Red,
Short = Red over/below Green

Active -
Long = Green over/above Red & Yellow line
Short = Red over/below Green & Yellow line

Moderate
Long = Green over/above Red, Yellow, & 50 lines
Short= Red over/below Green, Green below Yellow & 50 lines

Hope this make sense.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,913
  • Sep 11, 2013 9:03am Sep 11, 2013 9:03am
Quoting emmanuel7788
Different ways to trade using the TDI. There are different ways to trade using the TDI, some already know this while many still struggling trading with every TDI Cross for entries.. Big E' method to trade TDI crosses is aggressive. That is his style. Not yours. If you still have not achieve consistent win rates, then you should consider to adopt a less aggressive trading style either be Active trading style or the Moderate trading style. You will get fewer trades but that also translates to fewer losses. Fewer trades can be more profitable over...
That's exactly it! I used to be very aggressive ( only in trading, don't worry) and I changed to a moderate style. Not so many trades but a lot less losers too.
  • #24,914
  • Sep 11, 2013 9:14am Sep 11, 2013 9:14am
Quoting emmanuel7788
Different ways to trade using the TDI. There are different ways to trade using the TDI, some already know this while many still struggling trading with every TDI Cross for entries.. Big E' method to trade TDI crosses is aggressive. That is his style. Not yours. If you still have not achieve consistent win rates, then you should consider to adopt a less aggressive trading style either be Active trading style or the Moderate trading style. You will get fewer trades but that also translates to fewer losses. Fewer trades can be more profitable over...
Hi Emmannuel,
Thanks for this, notes taken. Can you outline some of the TMS exit strategies to be considered? I dont like to generalise too much, but everyone talks about getting the best entry. I dont see a lot of discussion about the most effective exits? Any input from you would be much appreciated.

I've been running some testing on the original rules (TDI goes flat etc). These work, but can be extremely conservative. Also, personally dont like the TP based on an ATR approach, although I know this works for others very well, and I respect that. As an engineer (just my way of thinking I guess), I prefer to associate an exit with some sort of visual mechanism, a much more dynamic approach based on the structure showing on the chart i.e. tp target could be near the last swing S / R level in the direction of the trade for example. But what other options are there to be considered? Of course I understand its a very personal thing and it is each to there own, but just want to consider my approach carefully based on what others have found to be effective.....
UK1
  • #24,915
  • Sep 11, 2013 9:15am Sep 11, 2013 9:15am
i took this short trade.waiting for the profit. hope i will. it is on support but waiting for 1/2 risk reward. stop los is now on break even so no panic
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  • #24,916
  • Sep 11, 2013 9:29am Sep 11, 2013 9:29am
Quoting Uk1
{quote} Hi Emmannuel, Thanks for this, notes taken. Can you outline some of the TMS exit strategies to be considered? I dont like to generalise too much, but everyone talks about getting the best entry. I dont see a lot of discussion about the most effective exits? Any input from you would be much appreciated. I've been running some testing on the original rules (TDI goes flat etc). These work, but can be extremely conservative. Also, personally dont like the TP based on an ATR approach, although I know this works for others very well, and I respect...

How about trade invalidation exit?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,917
  • Sep 11, 2013 9:37am Sep 11, 2013 9:37am
Quoting Uk1
{quote} Hi Emmannuel, Thanks for this, notes taken. Can you outline some of the TMS exit strategies to be considered? I dont like to generalise too much, but everyone talks about getting the best entry. I dont see a lot of discussion about the most effective exits? Any input from you would be much appreciated. I've been running some testing on the original rules (TDI goes flat etc). These work, but can be extremely conservative. Also, personally dont like the TP based on an ATR approach, although I know this works for others very well, and I respect...
What I do is this: I open two trades for each entry. The first I set a TP of 1 ATR(20). That means that on higher TF's my TP is wider, on lower TF's it's less, according to the TF's ATR. If the ATR is too small, I don't trade (try not to..) because the R:R will be to small.
The second trade does not have a TP. As soon as my first trade hits the TP, or sometimes a little sooner, I place my SL to BE. Then I look at the normal candlesticks. When the trend continues I place my SL on the lowest low of the last three candles if they are green (long trade), but never lower than BE. If any next candle turns red, as soon as the next candle after that one starts, I place my SL a few pips below the low of the red candle. So every 4 hours I adjust/check my SL. My trade ends if it hits the SL, or sometimes when I decide to close it, i.g. after a big move up after which you can expect a big retracement.
I'm still working to improve myself to stick with this exit strategy, because sometimes it's tempting to adjust it too soon, but I think it works. I didn't invent this myself, I learned it from someone else who learned it from some american forex guru.
  • #24,918
  • Sep 11, 2013 10:24am Sep 11, 2013 10:24am
Quoting Uk1
{quote} Hi Emmannuel, Thanks for this, notes taken. Can you outline some of the TMS exit strategies to be considered? I dont like to generalise too much, but everyone talks about getting the best entry. I dont see a lot of discussion about the most effective exits? Any input from you would be much appreciated. I've been running some testing on the original rules (TDI goes flat etc). These work, but can be extremely conservative. Also, personally dont like the TP based on an ATR approach, although I know this works for others very well, and I respect...

Uk1,

To survive trading the markets, we need to consider many things, and Exit Strategy is an integral part of a winning system.

My systems development is based on these:

1) Entry and Exits strategy .. ME/ME with scaling in positions with banked in profits. Read attached e-book pages.

2) Chandelier Exit as the model.

3) R-Multiple trade management.
I have posted many trade examples in this thread inclduing the two scripts I use.

Work on system development and create a winning system of your own using TMS as the core method.

regards,
EMMANUEL
Attached File(s)
File Type: pdf Entry and Exits ebook pages.pdf   144 KB | 3,153 downloads
File Type: pdf The Chandelier exit technique.pdf   99 KB | 5,842 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #24,919
  • Sep 11, 2013 10:51am Sep 11, 2013 10:51am
Thanks DabbelJoe, and Emmanuel, lots to consider / test and eventually build in to my overall plan.
UK1
  • #24,920
  • Sep 11, 2013 11:00am Sep 11, 2013 11:00am
Hey, guys. My two cents. Don't you think that it is all become too complicated? After all, the system is called "Trading Made Simple". But this is not easy. TDI draws an afterthought and it is very annoying and confusing. I tried several times to trade at TMS by the classical rules and with options and different time frames. Yes, there is a profitable transaction, but not less loss and loss turns himself more. What do you think about this? If anyone turns out well and consistently make profits from TMS then my congratulations but I have no stability yet.
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