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Trading Made Simple

  • #26,001
  • Oct 8, 2013 2:17pm Oct 8, 2013 2:17pm
Hi all! New to trading even though I join FF in 2011. Spent lot of time looking and learning. Like the TMS a lot because its simple and straight forward. See and read a lot of all the diff indicators and found that it all just got to much. Been and still working from the front and front.

Thanks to a lot of you making this worth learning for me. Going to miss Emmanual7788, been great watching and learning from him. Will start interacting more as I get more proficient in this.

Thanks.
GPALU
  • #26,002
  • Oct 8, 2013 2:28pm Oct 8, 2013 2:28pm
Quoting vtayha
For munirpt and TheScorpS, Here is EJ H4 Bullish Gartley PRZ with TMS TDi confirmation {image}
nice!!
  • #26,003
  • Oct 8, 2013 2:42pm Oct 8, 2013 2:42pm
Quoting munirpt
{quote}
thanks
  • #26,004
  • Oct 8, 2013 3:09pm Oct 8, 2013 3:09pm
Quoting vtayha
Here for those who want to learn to trade with Dean Malone's D.O.T.S and how he uses the Guppy Multiple Moving Averages, there are some videos you can watch and learn from. Guppy link The two Guppy Multiple Moving Averages indicators are attached below. You can open the mql4 codes and change whatever you want. And also for your interest, a new TDI-Pro is now available. Market conditions is dynamic so the way we trade has to keep up with changing market conditions. But the basic concept of trading with TMS...
Hi Vtayha,

2 Quick questions regarding the post above. Firstly, have you uses D.O.T.S or the Guppy Multiple Moving Averages - if you have, what are the benefits of these? Secondly, I have yet to locate the TDI-Pro tool you mentioned. Maybe I missed it on the Compass FX thread after searching for it. Again, can you briefly let us now what the advantages of the TDI-Pro are over TDI-RT?

Thanks for your time.


Erol
  • #26,005
  • Oct 8, 2013 3:12pm Oct 8, 2013 3:12pm
hello guys, may i know to set tdi to show h1 on m15 or m30? i got the tape 4t version but i need TDI_RT to o that. is it even possible?
Come tomorrow, I'll wake up new
  • #26,006
  • Edited 5:48pm Oct 8, 2013 3:12pm | Edited 5:48pm
Quoting vtayha
{quote} snarlyjack, good to see you back and posting again. I agree that TMS must evolve and move on with the market. There is some usefulness in the use of the Guppy MAs with TMS' TDI. There is a price and relative strength relationship which Emmanuel has been trading and recently teaching us in this team. Results so far is working good. The GU, EU and EJ trades I posted this week are based on this price vs RSI relationship. thanks and regards,
Hi Vtayha,

Can you elaborate on what you have been learning regarding the price vs RSI relationship. I am aware you have posted GU, EU and EJ trades but would you mind elaborating on the price vs RSI relationship observations that you are learning about in more detail.

Emmanuel has posted many examples on observing that the price move in waves in relation to the TDI volatility band. Highlighting how this shows distinctive TDI behaviour (another nugget of his to open the third Eye ;-) ) Is this what you mean when you mention the price vs RSI relationship?



Cheers, Erol
  • #26,007
  • Oct 8, 2013 6:15pm Oct 8, 2013 6:15pm
EU and GU:

Nice early hours move during SYD open hours before TOK.

EJ:

H4 is sideways, so position building is the game plan for today.
Still no sign of D reversal as yet, too early.
  • #26,008
  • Oct 8, 2013 6:24pm Oct 8, 2013 6:24pm
hello guys. i was away from trading and was studying the tdi system from the scratch. now i am going to give another shot. here is my first trade of the session. aiming for 20 pips only.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
Come tomorrow, I'll wake up new
  • #26,009
  • Edited 7:26pm Oct 8, 2013 6:56pm | Edited 7:26pm
Quoting gsbharaj
hello guys. i was away from trading and was studying the tdi system from the scratch. now i am going to give another shot. here is my first trade of the session. aiming for 20 pips only. {image}
Gsbharaj, i have lots of questions....where to start?

It looks like you entered on the open of candle number 3 after the TDI Cross?

To truly learn this system you need to now your reasons for entry, and what these are other than a TDI Cross do you feel the same?

Why is your TP 20 pips, what is your SL (doesn't look like there is one on your chart?) and hence the risk to reward ratio of this trade?

Going back to your previous posts where you have outlined your despair trading this system to the point where you want to quit trading this system...have you taken on board all the advice that was given to you before and after this comment by many of the FF members? It looks like you are jumping in feet first again into the sea (forex market) without analyzing the depth of the water(S/R), tide (PA), rip currents (Momentum) and the gravitational pull of the moon (ADR) :-)

If you have the time I would like you to answer the following questions:

1. Have you put your trading plan/business plan down on paper? If yes, what are the main topics you cover (e.g goals, capital allocation, MM, etc.)

2. Have you worked on your system development with the aim to create a winning system of your own using TMS as the core method.


3. Have you outlined to yourself what your Money Management rules are?

4. Have you done any backtesting...the following was suggested by emmanuel in previous posts on this thread

  1. Do back-testing for at least one year of data, then work out a trading plan and start demo.
  2. Do 100 demo trades
  3. then another 100 trades and another 100 trades over a longer period of time.
  4. With 300 demo trades completed, you will be in a good position to analyse and 'fine tune your trading plan
  5. as each of the 100-trades cycles and eventually come up with afinal trading plan for Live trading.

He has also asked us to focus on some question for Back-testing (bearing in mind these are not limited to the following):

1.What are you backtesting with TMS? H1 or H4?

2.Are your backtesting to verify the TDI Entry and Exit rules?

3.Are you backtesting to determine the frequency and occurrences of the TMS setups?




I hope this helps you this time around mate, we all would really like you to succeed here but you need to put in the work.


Erol

  • #26,010
  • Oct 8, 2013 7:12pm Oct 8, 2013 7:12pm
Quoting Erol
{quote} Hi Vtayha, Can you elaborate on what you have been learning regarding the price vs RSI relationship. I am aware you have posted GU, EU and EJ trades but would you mind elaborating on the price vs RSI relationship observations that you are learning about in more detail. Emmanuel has posted many examples on observing that the price move in waves in relation to the TDI volatility band. Highlighting how this shows distinctive TDI behaviour (another nugget of his to open the third Eye ;-) ) Is this what you mean when you mention the price vs...
Hi Erol,

The price vs RSI relationship is something we developed and use to the define the market type and to trade the short term weekly swing using 4 hour periods.
Just spoken to Emmanuel over breakfast and he will contact you privately.

Cheers!
  • #26,011
  • Oct 8, 2013 7:21pm Oct 8, 2013 7:21pm
Quoting vtayha
{quote} Hi Erol, The price vs RSI relationship is something we developed and use to the define the market type and to trade the short term weekly swing using 4 hour periods. Just spoken to Emmanuel over breakfast and he will contact you privately. Cheers!
Thanks Vtayha, really appreciate this. Have a good day.

Erol
  • #26,012
  • Oct 8, 2013 7:27pm Oct 8, 2013 7:27pm
Quoting Erol
{quote} Hi Vtayha, 2 Quick questions regarding the post above. Firstly, have you uses D.O.T.S or the Guppy Multiple Moving Averages - if you have, what are the benefits of these? Secondly, I have yet to locate the TDI-Pro tool you mentioned. Maybe I missed it on the Compass FX thread after searching for it. Again, can you briefly let us now what the advantages of the TDI-Pro are over TDI-RT? Thanks for your time. Erol
Hi Erol,

I don't use DOTS but one of my buddy here uses that. I have my own day scalping using M15 with 20pips grid. Nothing to do with TMS but quite similar.
From what I know, DOTS has a tool which plots the price levels for entry and exits based on daily traded range. Quite effective from the results I have seen with my buddy. The GMMAs was also added to DOTS and works together.
I use Daryl Guppy's GMMA in another system to trade the Australian stock market. That requires it own set of rules and discipline. I bought a system which integrated GMMA into Darvas Box trading system and it work beautifully since 2007 with EOD trading.

About the TDI Pro it is a new release for Compass FX subscribers. We shouldn't be discussing here as the moderator will send this thread to the Commercial section or they can ban us together. I will PM you on this.

regards,
  • #26,013
  • Oct 8, 2013 7:29pm Oct 8, 2013 7:29pm
Quoting Erol
{quote} Gsbharaj, i have lots of questions....where to start? It looks like you entered on the open of candle number 3 after the TDI Cross? To truly learn this system you need to now your reasons for entry, and what these are other than a TDI Cross do you feel the same? Why is your TP 20 pips, what is your SL (doesn't look like there is one on your chart?) and hence the risk to reward ratio of this trade? Going back to your previous posts where you have outlined your despair trading this system to the point where you want to quit trading this system...have...
hello,
well on my charts i clearly see that i entered the trade on the second candle after the TDI cross.
well i had my reason for entry. i have developed a system which uses TDI as the core method. my system was telling me for a go and i did it. i aimed for 20 pips as i was afraid of my past failures. confidence is low at this time but this new system has given me a boost.

there is no stop loss on the chart there but i had placed it later at the last swing long.

the chart is no where my complete system. i just wanted to upload a clean chart so removed all the S&R, and other indicators i am using to vlidate my trade entry.

the people on these forums have been very kind in giving me advices. i am very thank full to all of you.

yes i have my trading plan all setup on papers and printed and posted right in front of me(on the wall).
i have set my own rules which i will follow for my trades.

i have given stress to money management/ here is my strategy for the same:

1.) How much lot size you should trade ----> You should open a lot size in such a manner that you have 1000 pips left in your account

For eg:-
0.1 Lot for $100
0.5 Lot for $500
1.0 Lot for $1000
1.1 Lot for $1100 .........and so on. And one trade at a time. (Strictly).


**:- You can use two trades at a time only if you have 2000 pips left in your account and that is as follows:-

$2000 then you can trade as :-

Trade 1.) 1 Lot = 1000 pips

Trade 2.) 1 Lot = 1000 pips
.
.
.
.

and so on.



2.) You should always place a Stoploss and stoploss should be place in such a way that you only loose 2-3% of your capital if it is hit.



3.)Move your Stoploss to breakeven when you gain the profit as much as your stoploss.


For example:- If you are trading on M15 timeframe and you place a stoploss of 25 pips and then you gained more than 25 pips then move your stoploss to the price where you opened the position (Breakeven). So, if the trade reverses back then you will have no loss.




4.) After you move your stoploss to breakeven then you have lift your Only one trade rule and you have the access to trade one more trade of the same lot size. You can trade with the same pair you trade earlier if you think that the signal is strong or you can even trade it on another pair.



i have done backtesting of my system. there is a consistent profit. no system is 100% accurate so we do get some minor losses here and there. but if i look closely i have found out that those losses are false signals when price is near a S&R or a fib retracement level.

i havn't tried my system on a demo account. i have opened a small account where i am testing this system.

lets see where this journey takes me now.
Come tomorrow, I'll wake up new
  • #26,014
  • Oct 8, 2013 7:39pm Oct 8, 2013 7:39pm
Market looks like to be choppy until the US Govt shutdown find a resolution.
Do you think it will default? Who are buyers of the US bonds? Will they 'cut losse's by Oct 17 deadline?
Four persons know but not me. Wish I do.
  • #26,015
  • Oct 8, 2013 7:40pm Oct 8, 2013 7:40pm
One of EJ trade I took on Asian session on H1. Looks like strong resistance at 132.00. Also looked like a continuation of yesterday's rout on the RN. The TDI still shows an uptrend and climbing.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1_tdi.png Size: 45 KB
The market pays you to be disciplined
  • #26,016
  • Oct 8, 2013 7:48pm Oct 8, 2013 7:48pm
Quoting TraderInc
One of EJ trade I took on Asian session on H1. Looks like strong resistance at 132.00. Also looked like a continuation of yesterday's rout on the RN. The TDI still shows an uptrend and climbing. {image}
the pair has found resistance at prev day high. but the point is that the long trend is pointing upwards now. so we could see a break of it.
Come tomorrow, I'll wake up new
  • #26,017
  • Oct 8, 2013 7:56pm Oct 8, 2013 7:56pm
Quoting gsbharaj
{quote} hello, well on my charts i clearly see that i entered the trade on the second candle after the TDI cross. well i had my reason for entry. i have developed a system which uses TDI as the core method. my system was telling me for a go and i did it. i aimed for 20 pips as i was afraid of my past failures. confidence is low at this time but this new system has given me a boost. there is no stop loss on the chart there but i had placed it later at the last swing long. the chart is no where my complete system. i just wanted to upload a clean chart...
I wish you the best of luck buddy.

Next time you schedule yourself in for a back-testing session take a look at the power of R-Multiple trade management / Multiple Entry & Exits....this really opened my eyes when Emmanuel reiterated the benefits of this.

Also check out the pdf on post number 23,294...hope it helps


Quoting Erol
Question for all those active & non-active members of this thread/the TMS strategy: Have you got a trading system? You may be thinking why is this guy asking such a stupid question....of course I have a trading system! Does it consist of these eight parts? 1. a market filter 2. set up conditions 3. an entry signal 4. a worst-case stop loss 5. re-entry when it is appropriate 6. profit-taking exits 7. a position sizing algorithm, and 8. you might need multiple systems for different market conditions. You know may be saying yes I have these 8 parts...
  • #26,018
  • Oct 8, 2013 10:20pm Oct 8, 2013 10:20pm
Quoting davson90
EJ +AU+NZD TMS thanks Phx62 {image} {image} {image}
Nice trades davson.
  • #26,019
  • Oct 8, 2013 11:00pm Oct 8, 2013 11:00pm
Quoting munirpt
{quote} Hi Phoenix99 Welcome to the thread. I wish you all the best in your trading journey. What concerned me from your initial statement was the number of trades you took in 2 days, If you trade TMS on 1H chart you might get 1 or maximum 2 signals per day, per pair.... How come you took so many trades? Are you trading 5 minute charts? Please let us know of any help you need. Munir
Hi Munirp,

Really appreciate your comment...I'm trading in 4H chard only. call me old fashioned way...it suits my lifestyle and as Big E once said...its more stress free from me. Why I had that much of a trade? Sometimes if the signal is good, I double my trade entry (sometimes triple)...Trading for me is dangerously addicted, thank GOD I get out with profit and manage to control myself to stop completely...Now I'm in paused mode and will trade and back test in demo account until at least I've read and understand half of all the post in this thread...I will try to upload my chart, still try to figure out how to...Cheers
  • #26,020
  • Oct 8, 2013 11:04pm Oct 8, 2013 11:04pm
Quoting snarlyjack
Phoenix99, Congrat's and welcome to tms and forex factory! We all share 1 goal here and that is to make money for ourselves & families. You will learn alot here, enjoy it... Their are some great traders at forex factory & tms. Welcome snarlyjack
Hi Snarlyjack,

Yesss..I notice it, you guys are simply amazing. Willing to share and devoted your valuable time like this...although for me, still a lot of homework to do..trying hard to catch up..reading post by post..downloading pdf after pdf...Cheers :nerd:
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