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Trading Made Simple

  • #26,021
  • Oct 8, 2013 11:24pm Oct 8, 2013 11:24pm
Welcome everyone to TMS,

We have a lot in common in this thread, the tdi indicator and wanting to make money.

It seems we are trading at least 4 different versions of tms. Which is good.
What has happened is, as traders progress in their knowledge of forex their
systems evolve.

If you are new to forex and trading I would pick 1 system and stick to it.
What you don't want to do is confuse yourself. Take your time and learn
the system. Please demo trade, backtest & forward test and demo somemore.

If your a experienced trader you have 4 pretty good systems to choose from.
They all look at the market differently but we all share the tdi indicator. The
time frames go from the 15 minute tf and up to the daily tf. Their are some
traders scalping for 10-20 pips. Their are other traders looking for at least
150 pips.

If you have questions their are some excellent traders here who have been
trading for a long time with multiple systems that can answer your questions.
The great thing about forex factory is their are different personalities and
different ways to skin the cat. The most important thing is for you to
learn as much as possible and develop your 3rd eye.

Please remember that some traders here are not trading demo. They are
trading real money and have to manage their trades. So please be
patient with us and we will try to help you as much as possible.

The most important thing is to enjoy your learning and remember that
Rome was not built in a day. Enjoy the different personalities,
make yourself some coffee and open your mind to new things.

snarlyjack
  • #26,022
  • Oct 8, 2013 11:43pm Oct 8, 2013 11:43pm
Quoting snarlyjack
Welcome everyone to TMS, We have a lot in common in this thread, the tdi indicator and wanting to make money. It seems we are trading at least 4 different versions of tms. Which is good. What has happened is, as traders progress in their knowledge of forex their systems evolve. If you are new to forex and trading I would pick 1 system and stick to it. What you don't want to do is confuse yourself. Take your time and learn the system. Please demo trade, backtest & forward test and demo somemore. If your a experienced trader you have 4 pretty good...
I totally agree with you snarlyjack. We have to focus on 1 system or style when we are new. As we grab hold of the gist of it we can improve ourselves to accept more input.

Sticking to 1 system until you understand the gist of it before changing the system in my 2 cents is the best way to be successful.

Really a big thank you to you and all the other people that are contributing to this thread. You know who you are.

Gotta have fun with the system and have fun with trading i say

Coffee time!
  • #26,023
  • Oct 9, 2013 12:34am Oct 9, 2013 12:34am
Quoting snarlyjack
Welcome everyone to TMS, We have a lot in common in this thread, the tdi indicator and wanting to make money. It seems we are trading at least 4 different versions of tms. Which is good. What has happened is, as traders progress in their knowledge of forex their systems evolve. If you are new to forex and trading I would pick 1 system and stick to it. What you don't want to do is confuse yourself. Take your time and learn the system. Please demo trade, backtest & forward test and demo somemore. If your a experienced trader you have 4 pretty good...

A very good message from a veteran trader to all traders.
  • #26,024
  • Oct 9, 2013 12:40am Oct 9, 2013 12:40am
EJ pre-LO 9 Oct:

The PRZ is confirmed with a new support tested and held, but the rise won't be without some selling pressure.
It will be depends to how we manage our buy positions and to see how much higher buyers can push this.
All the RN above are confluence with some sort of support and resistance.
132.25
132.50
133.00
133.25
133.50
134.00 final TP, that would be my pick for this week.
  • #26,025
  • Oct 9, 2013 2:10am Oct 9, 2013 2:10am
[EJ tf 60]

which was the "correct " entry for short for you? thanks
(some signal i think tdi in high value, un crossing down , there are a double top )


n°1 the violet candle break below the white pin bar
n° 2 attemp to close the violet candle at london open below the previous candle?
Attached Image (click to enlarge)
Click to Enlarge Name: ej 60.png Size: 33 KB
  • #26,026
  • Oct 9, 2013 2:19am Oct 9, 2013 2:19am
just missed this gbp/jpy sell
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh1.png Size: 31 KB
thankyou gregwilson
  • #26,027
  • Oct 9, 2013 2:20am Oct 9, 2013 2:20am
Quoting pinux76
[EJ tf 60] which was the "correct " entry for short for you? thanks (some signal i think tdi in high value, un crossing down , there are a double top ) n°1 the violet candle break below the white pin bar n° 2 attemp to close the violet candle at london open below the previous candle? {image}
No 1 H1 candle entry is the good one.
Momentum candle - that H1 close, we see the M30 close red, we see the M15 close red. Even better if we see M5 close red.
That is what EMMANUEL7788 taught us to pick a good momentum candle.
  • #26,028
  • Oct 9, 2013 2:38am Oct 9, 2013 2:38am
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}
Good job on this trade, very well done! I spotted it but when I came home it was already at the third candle, so I skipped. Also I really like that your charts are finally very clean and simple.

Quoting snarlyjack
Ok, This time what do you see on the 1 hour & 4 hour gbp/usd? snarlyjack {image} {image}
Exhaustion? Pair is slowing down and entering consolidation/range-mode after this gargantuan rally. H1 and H4 show roughly the same thing.
  • #26,029
  • Oct 9, 2013 2:46am Oct 9, 2013 2:46am
Quoting WDays
{quote} Good job on this trade, very well done! I spotted it but when I came home it was already at the third candle, so I skipped. Also I really like that your charts are finally very clean and simple. {quote} Exhaustion? Pair is slowing down and entering consolidation/range-mode after this gargantuan rally. H1 and H4 show roughly the same thing.


.... my answer must have been so bad SJ never got back to me ...lol
.... laughing all the way to the bank
  • #26,030
  • Oct 9, 2013 2:47am Oct 9, 2013 2:47am
Anyone looking at this AJ?
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyh1.png Size: 56 KB
The market pays you to be disciplined
  • #26,031
  • Oct 9, 2013 2:47am Oct 9, 2013 2:47am
Possible Setup on UJ Short / H1

Attached Image (click to enlarge)
Click to Enlarge Name: possible_uj.png Size: 47 KB


SL - I will place it above the previous swing high which is 97.50 , and I set it at 97.55

Comments for Entry:

Higher possibility of winning with TDI reaching 68 and above and falling from over buy scenario.
Green seems to going to breach through red for a short correction

But this is not valid yet as of this picture, green did not breach through red yet. We shall wait and monitor.
Trading is something special.
  • #26,032
  • Oct 9, 2013 3:08am Oct 9, 2013 3:08am
Quoting itsallover
{quote} .... my answer must have been so bad SJ never got back to me ...lol
Same goes for my first one ahah

EJ trades, need to learn to sit on my hands......... First one was an oopsie, went countertrend too early... Second was 30 minutes before london close, and I just wanted to find a reason to get out, tbh so after M15 stalled a bunch and I experienced a lot of drawdown over the course of 20 minutes, I closed this pretty awesome setup at -1 (lol)... Last trade I was targetting DP @ 131.56 but as price began to stall at support I liquidated for a measly 17 pips... Price is pushing further down as we speak. Oh well, it doesn't bother me too much, it's still profit, right
Attached Image (click to enlarge)
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  • #26,033
  • Oct 9, 2013 3:21am Oct 9, 2013 3:21am
Quoting baokydev
Possible Setup on UJ Short / H1 {image} SL - I will place it above the previous swing high which is 97.50 , and I set it at 97.55 Comments for Entry: Higher possibility of winning with TDI reaching 68 and above and falling from over buy scenario. Green seems to going to breach through red for a short correction But this is not valid yet as of this picture, green did not breach through red yet. We shall wait and monitor.
If you look closely, you will realize the following:

1 - We had a red candle close with TDI cross
2 - we are in a downtrend from HTF perspective (look at 200 ema color) - although we have been in consolidating on the last 4 days
3 - we are in uptrend from TTF perspective (price is making HH, HL - last leg was an impulse leg)
4 - we are still above the yellow 5 EMA
5 - price is showing a potential harmonic move that didnt complete yet, in confluence with 200 ema

Will all this information do you still think this pair is ready to short?

What we would like to see in order for us to short? Now that we interpreted the available information what could be our game plan?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 115 KB
  • #26,034
  • Oct 9, 2013 3:48am Oct 9, 2013 3:48am
Quoting munirpt
{quote} If you look closely, you will realize the following: 1 - We had a red candle close with TDI cross 2 - we are in a downtrend from HTF perspective (look at 200 ema color) - although we have been in consolidating on the last 4 days 3 - we are in uptrend from TTF perspective (price is making HH, HL - last leg was an impulse leg) 4 - we are still above the yellow 5 EMA 5 - price is showing a potential harmonic move that didnt complete yet, in confluence with 200 ema Will all this information do you still think this pair is ready to short? What...

Hi thanks for the analysis by munirpt.

I just remember I read Big E pdf and that what we should look is just TDI . Nothing more

When green cross red, enter at candle #1,#2 , this the very basic of trading made simple.

If you add in other indications, there will be more noise.

The only thing I consider now is

#1/#2 candle - green cross red
SL at above swing high
TDI is at 68 and sort of over brought scenario.

Attached Image (click to enlarge)
Click to Enlarge Name: uj_updated.png Size: 41 KB


I might not be right, but i just following the basics I learn about TMS
Trading is something special.
  • #26,035
  • Oct 9, 2013 3:54am Oct 9, 2013 3:54am
Quoting pinux76
[EJ tf 60] which was the "correct " entry for short for you? thanks (some signal i think tdi in high value, un crossing down , there are a double top ) n°1 the violet candle break below the white pin bar n° 2 attemp to close the violet candle at london open below the previous candle? {image}
For pinux76,

This is how I scalp the LO H1 candle. Not exactly the way some people trade with TMS, but then entry is similar.
I use minicharts to see the M5, M15 and M30 candles.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ H1 scalping candle.png Size: 44 KB


This same method can also be use for H4 candle, then we must see the H1, M30 and M15 for price momentum.
  • #26,036
  • Oct 9, 2013 3:56am Oct 9, 2013 3:56am
Quoting baokydev
{quote} Hi thanks for the analysis by munirpt. I just remember I read Big E pdf and that what we should look is just TDI . Nothing more When green cross red, enter at candle #1,#2 , this the very basic of trading made simple. If you add in other indications, there will be more noise. The only thing I consider now is #1/#2 candle - green cross red SL at above swing high TDI is at 68 and sort of over brought scenario. {image} I might not be right, but i just following the basics I learn about TMS
I believe this is not entirely true... TDI is there to confirm the entry, which is based on PA and price structure. Take the last chart I posted for instance (http://www.forexfactory.com/attachme...2&d=1381306055)... The 1st trade was a bad one because even though PA seemingly signaled a short, TDI never crossed. It was a long-reentry point/TDI bounce trade. However on the 2nd trade (which I bailed out on for no reason -.-), the TDI had crossed neatly which confirmed the trade.

Many have said it here, if you take just any TDI cross you're bound to lose more often than win. Trading, as simple as it may actually turn out to be, isn't THAT simple.. Think about it, if it were, an EA that trades TDI crosses would make us filthy rich... Where's the fun in that?
  • #26,037
  • Oct 9, 2013 4:08am Oct 9, 2013 4:08am
Quoting baokydev
{quote} Hi thanks for the analysis by munirpt. I just remember I read Big E pdf and that what we should look is just TDI . Nothing more When green cross red, enter at candle #1,#2 , this the very basic of trading made simple. If you add in other indications, there will be more noise. The only thing I consider now is #1/#2 candle - green cross red SL at above swing high TDI is at 68 and sort of over brought scenario. {image} I might not be right, but i just following the basics I learn about TMS
Hi baokydev

I have been in that path of trying to use TMS in a very mechanical way disregarding price action. When i started trading TMS, i backtested some similar rules to yours and the system didn't prove to be profitable. The 3 rules you mentioned in bold are quite easy to back test. Make sure you test the previous 100 signals, input that info in an excel sheet and find if the rules you are defining are generating a positive expectancy. Not every TDI cross is born the same. There are some crosses that generate profit and others don't. Its like having 2 friends, TDI and price action: when they both are in harmony with each other, thats when you have nice setups and profitable entries. When they are in different moods, its better to be out of the market. Make sure you add some kind of filter (ema, divergence, candle pattern, trend) to your trading plan in order to eliminate some bad signals.

All the best

Munir
  • #26,038
  • Oct 9, 2013 4:13am Oct 9, 2013 4:13am
Trade this morning! If we break the white line we could see a nice push lower...
Attached Image (click to enlarge)
Click to Enlarge Name: Tms jpy 9th.png Size: 27 KB
Give yourself a chance and trade it like it's layed out...
  • #26,039
  • Oct 9, 2013 4:21am Oct 9, 2013 4:21am
Quoting vtayha
{quote} For pinux76, This is how I scalp the LO H1 candle. Not exactly the way some people trade with TMS, but then entry is similar. I use minicharts to see the M5, M15 and M30 candles. {image} This same method can also be use for H4 candle, then we must see the H1, M30 and M15 for price momentum.
Hi Vtayha,

I notice that your mini charts are all candle sticks, do you disregard the HA candles there?

Would you be able to share your indicator

Thanks
  • #26,040
  • Oct 9, 2013 4:31am Oct 9, 2013 4:31am
Quoting ryanlum
{quote} Hi Vtayha, I notice that your mini charts are all candle sticks, do you disregard the HA candles there? Would you be able to share your indicator Thanks

Hi ryanlum,

When I do scalping, I don't use the HA because scalping is based on the real price Open High Low Close. The HA is a calculated average price and it is not real price, and it can cause entry problem when fast scalping.

The mini-charts can be downloaded here.

If you have problem to set them up, just shout here and I come and help.

Cheers!
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