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Trading Made Simple

  • #25,861
  • Oct 6, 2013 8:52am Oct 6, 2013 8:52am
Quoting Phx62
{quote} Maybe this will help.{image}
hi phx62, signal are when Lo and Ny TDi cross with red or blue candle and ABCD , follow SR and Dhigh and dlow? and Sl: 50 tp :50 trailling:25?
  • #25,862
  • Oct 6, 2013 9:21am Oct 6, 2013 9:21am
Quoting davson90
{quote} hi phx62, signal are when Lo and Ny TDi cross with red or blue candle and ABCD , follow SR and Dhigh and dlow? and Sl: 50 tp :50 trailling:25?
Davson,
I think you are asking about entries. I seldom trade the NY session except after news has moved the market. Most of my trades are London trades based on the principles I am showing on this chart.
I marked the ideal location to enter on each of the 4 examples.
Trade:1 I would have entered on a break below the previous candle with the TDI green crossed over red.
Trade 2: The entry would be following the open of the third candle with the TDI cross.
Trade 3: The entry would be at the open of the second candle with the TDI cross.
Trade 4: Entry would be following the open of the second candle. The TDI had already crossed on the LO candle.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.10.6 davson.png Size: 91 KB
  • #25,863
  • Oct 6, 2013 9:29am Oct 6, 2013 9:29am
thanks very much phx62 i understand very well , but with EJ what is your sl and tp and trailling about THV cave manager , i have balance 1000$ i turn my account to 330% just 2 month but i would like to understand more , http://www.myfxbook.com/members/kehb...ba-fx-2/701427
  • #25,864
  • Oct 6, 2013 9:32am Oct 6, 2013 9:32am
Quoting Phx62
{quote} Davson, I think you are asking about entries. I seldom trade the NY session except after news has moved the market. Most of my trades are London trades based on the principles I am showing on this chart. I marked the ideal location to enter on each of the 4 examples. Trade:1 I would have entered on a break below the previous candle with the TDI green crossed over red. Trade 2: The entry would be following the open of the third candle with the TDI cross. Trade 3: The entry would be at the open of the second candle with the TDI cross. Trade...
i m not very good about money managment , with 1000$ balance and leverage 1:2000 , with TMS method only EURJPY no more lot i must open ?
  • #25,865
  • Edited 11:53am Oct 6, 2013 10:04am | Edited 11:53am
Quoting Phx62
{quote} Davson, I think you are asking about entries. I seldom trade the NY session except after news has moved the market. Most of my trades are London trades based on the principles I am showing on this chart. I marked the ideal location to enter on each of the 4 examples. Trade:1 I would have entered on a break below the previous candle with the TDI green crossed over red. Trade 2: The entry would be following the open of the third candle with the TDI cross. Trade 3: The entry would be at the open of the second candle with the TDI cross. Trade...

Thanks for explanation.I got couple of questions if you don't mind.

1) On entry 2 How you count 8 Candles Down? I don't see more than 4 or 5

2) On entry 1 your pip count is 105 pips but mine is Max 82 even from your entry point.(Candle not closed yet)

Sorry,But I just want to clarify myself.

Thanks
Mike
Failure, is a wonderful teacher!
  • #25,866
  • Oct 6, 2013 11:38am Oct 6, 2013 11:38am
Quoting mike1349
{quote} Thanks for explanation.I got couple of questions if you don't mind. 1) Do not you wait until candle closes to confirm TDI cross? 2) On entry 2 How you count 8 Candles Down? I don't see more than 4 or 5 3) On entry 1 your pip count is 105 pips but mine is Max 82 even from your entry point.(Candle not closed yet) Sorry,But I just want to clarify myself. Thanks Mike
Phx doesn't wait for the candle to close, if you study the pdfs of his posts you will see that he talks all the time about the tdi being a confirmation for a trade, not the main reason for the trade. The most important thing on H1 is price action.
  • #25,867
  • Oct 6, 2013 11:42am Oct 6, 2013 11:42am
Quoting davson90
thanks very much phx62 i understand very well , but with EJ what is your sl and tp and trailling about THV cave manager , i have balance 1000$ i turn my account to 330% just 2 month but i would like to understand more , http://www.myfxbook.com/members/kehb...ba-fx-2/701427
He has answered this question many times, he has an emergency stop loss of 50 pips which he will move as the trade progresses, and an initial take profit of 50 pips which if momentum is good he will move further. He watches price action to decide whether to stay in the trade or come out.
  • #25,868
  • Oct 6, 2013 11:54am Oct 6, 2013 11:54am
Quoting lastingwell
{quote} Phx doesn't wait for the candle to close, if you study the pdfs of his posts you will see that he talks all the time about the tdi being a confirmation for a trade, not the main reason for the trade. The most important thing on H1 is price action.

Thank you.I deleted that from my questions.
Failure, is a wonderful teacher!
  • #25,869
  • Oct 6, 2013 12:37pm Oct 6, 2013 12:37pm
Quoting lastingwell
{quote} He has answered this question many times, he has an emergency stop loss of 50 pips which he will move as the trade progresses, and an initial take profit of 50 pips which if momentum is good he will move further. He watches price action to decide whether to stay in the trade or come out.
thanks a lot
  • #25,870
  • Oct 6, 2013 3:40pm Oct 6, 2013 3:40pm
Quoting mike1349
{quote} Thanks for explanation.I got couple of questions if you don't mind. 1) On entry 2 How you count 8 Candles Down? I don't see more than 4 or 5 2) On entry 1 your pip count is 105 pips but mine is Max 82 even from your entry point.(Candle not closed yet) Sorry,But I just want to clarify myself. Thanks Mike
I answered your questions in post 25,683 BEFORE adding the entry points in answer to davson's questions.
Trade 2....if LO candle is #1, the low candle of the session is #8.
Trade 1....the pip count was only to show the high and low of the session, not the total number of pips following entry.
  • #25,871
  • Oct 6, 2013 3:41pm Oct 6, 2013 3:41pm
Quoting davson90
{quote} i m not very good about money managment , with 1000$ balance and leverage 1:2000 , with TMS method only EURJPY no more lot i must open ?
Click on my name and read my last dozen posts....your answers are there.
  • #25,872
  • Oct 6, 2013 6:26pm Oct 6, 2013 6:26pm
Phx62,

I would like to ask you if you would like to take over as moderator of
Trading Made Simple? Since Eelfranz got sick and died we have had
3-4 different moderator's. This is such a special system that works and
we need to keep it going.

Each moderator has been different than the others but I feel that
is good. The basic system is the same but everyone trades it and
teaches it just a bit different. I think diversity in trading and
teaching is good. Their are many ways to skin a cat.

But the basics of the system (the tdi indicator) is solid. I have
spent years and months back testing the tdi indicator against
other indicators such as the stochastic, macd, qqe, etc. and the
tdi has always performed as well or better than any indicator that
I can find. The reason that this system is still around after all
this time is, it works!

So with that in mind we would be delighted if you would assume
the moderator role!

Once again thank you for all your help and support...

snarlyjack
  • #25,873
  • Oct 6, 2013 6:44pm Oct 6, 2013 6:44pm
Quoting Phx62
{quote} Davson, I think you are asking about entries. I seldom trade the NY session except after news has moved the market. Most of my trades are London trades based on the principles I am showing on this chart. I marked the ideal location to enter on each of the 4 examples. Trade:1 I would have entered on a break below the previous candle with the TDI green crossed over red. Trade 2: The entry would be following the open of the third candle with the TDI cross. Trade 3: The entry would be at the open of the second candle with the TDI cross. Trade...
High class information, I have been back testing this theory , LO set the high or low and then entry even I think sometime without cross of TDI or may as well take the cross off the M15 for early entry , when LO set the high or low and then entry on break of previous sometimes inside bar for example will get good pips.

Thanks PHX62, I think these formations needs loads of practice to be mastered
I Have Learned to Take Some Losses to Make Profits
  • #25,874
  • Oct 6, 2013 6:53pm Oct 6, 2013 6:53pm
Quoting Phx62
{quote} I answered your questions in post 25,683 BEFORE adding the entry points in answer to davson's questions. Trade 2....if LO candle is #1, the low candle of the session is #8. Trade 1....the pip count was only to show the high and low of the session, not the total number of pips following entry.

I got it.Thanks
Failure, is a wonderful teacher!
  • #25,875
  • Oct 6, 2013 7:17pm Oct 6, 2013 7:17pm
Quoting TheScorpS
{quote} High class information, I have been back testing this theory , LO set the high or low and then entry even I think sometime without cross of TDI or may as well take the cross off the M15 for early entry , when LO set the high or low and then entry on break of previous sometimes inside bar for example will get good pips. Thanks PHX62, I think these formations needs loads of practice to be mastered

There are many technical methods to trade the London session. What is important is to know the trading range and volatility of those pairs which are good to trade in the London session. Price action trading and the use of any of the commonly use indicators like MACD, Stochastics, CCI, RSI and TDI which is using the RSI data, etc. can be calibrated to work with price action and to confirm the price action. Every technical indicator has its strength and weakness. The key is not just in the TDI but the overall the understanding of price action, trading range, market volatility which in fact is how to trade the market type and that was what Emmanuel7788 had been teaching in this thread for quite some time already. The winning edge is not in the use of the TDI but the combination of money management strategy to help you achieve your trading business financial objective. The winning edge is a combination of many other factors and each trader must find those factors which he/she must know and build that winning edge. Managing one's trading psychology is one of the biggest factor to consider.
Good luck to those who still look at Phx62 trades and in hindsight all those trades were made to look how easy it is to trade TMS H1. You want to trade H1 you must do the forward testing and know how good you are at entry and exit, then you will know what your win rate is. Once you know your win rate, you will have to work on the money management strategy which will help you achieve your financial objective using your trading capital.
The OP eellfranz recommends H4 timeframe for many reasons he posted before and how that works with the TDI cross, PA and Support/ Resistance.
It is a big loss here that Emmaneul7788 left FF because I have learn so much from him online and the private individual coaching and mentoring for the past one year. I know a few of you here have met him in person and know him personally. You know how he had spent his time to coach you in learning to trade the market and those tools he gave us to help us in our trade planning and in doing the top down big picture analysis plan.

Good Trading to everyone here.
  • #25,876
  • Oct 6, 2013 8:21pm Oct 6, 2013 8:21pm
I really miss Eelfranz, X-Man & Loveevery1. I thought they were great mentors and I learned so
much from all of them, plus others...

They all traded differently from one another and had different personality's. They looked
at the market in their own individual way. Some of them liked this idea, some of them liked
that idea. What I learned from them is to screen up their ideas, backtest and forward test
their ideas and make up my own mind on what I thought about the idea. In other words
build my own system with the basic system (tms) and use the different options that are
available to me.

I like ideas! I like to screen up the ideas and test them. Some are good ideas, some are not.
One thing that Eelfranz taught me was most of the things we have been taught about
trading in the past is B.S. . But I still like looking at different ideas.

So if someone has some great ideas, post them up. I will screen them up on my computer,
backtest and forward test them and see what I think about the idea. When I first started
trading tms I started on the daily & 4 hour charts. Then I went to the 1 hour chart and
later on to the 15 minute chart. Is my system exactly like tms, no. But I have my reasons
for everything on my chart and I feel comfortable with it.

So...let's all learn. Were open to new ideas and thoughts. After all is said and done, were
here to learn and make money. So post your ideas...were open for more learning and hopefully
that learning will result in more income for us and our families.

snarlyjack
  • #25,877
  • Oct 6, 2013 9:48pm Oct 6, 2013 9:48pm
Quoting snarlyjack
Phx62, I would like to ask you if you would like to take over as moderator of Trading Made Simple? Since Eelfranz got sick and died we have had 3-4 different moderator's. This is such a special system that works and we need to keep it going. Each moderator has been different than the others but I feel that is good. The basic system is the same but everyone trades it and teaches it just a bit different. I think diversity in trading and teaching is good. Their are many ways to skin a cat. But the basics of the system (the tdi indicator) is solid....
snarlyjack,
You have been around this thread since the beginning and I have learned from you, as well. I appreciate your confidence and request to be the moderator. Due to time and business commitments, I am unable to undertake that role. I will still contribute when I can but my business in headed into our busiest time and I will be unable to devote the time and energy to do the job right. I am planning to semi-retire in a few months, if I can work out the details, but until then.....
Continued success to you sir......
  • #25,878
  • Oct 6, 2013 10:20pm Oct 6, 2013 10:20pm
In some recent posts by Emmanuel7788, he mentioned about Price trend and TDI trend. This was one of the technical skills he personally taught a few of us six months ago.
I read his posts again and surprised me that no one actually responded on the topic on Price trend vs TDI trend. You missed one of those 'golden nuggets' he often drop here in this thread about how he trade price action with TDI as confirmation and how he pick only the A+++ trade setups on H4.

I especially like that picture he posted over and over again to show the market trends in different timeframes.

I also like when he posted that Big E' post#261 ... in that post our OP eelfranz wrote that we must participate, use our brains and think.
  • #25,879
  • Oct 6, 2013 10:38pm Oct 6, 2013 10:38pm
Phx62,

Thanks for your response! I appreciate that your willing to help...
You'll like retirement it's nice, I'd say your counting down the days. Good
for you!

Were still looking for that special person to pick up the ring
and go for it. By the way, to moderate a forum like this is a hugh
undertaking but I think well worth it. We're looking for a volunteer.

We will help you anyway we can....

snarlyjack
  • #25,880
  • Oct 7, 2013 1:26am Oct 7, 2013 1:26am
GU H1 trade LO 7 Oct:
A counter trend trade on H1, with narrow range Asian Tokyo session.
Trade exit TP1 60% at +20pips
BE 40%
Attached Image
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