Trading Made Simple

Yeah. Specifically the Synergy rule "when PL above 50, buy; when below, sell". It sure helps to know the why, but in TMS we just use it as a trend indicator as a hint for an entry, not as an entry rule itself.

Note - I've never used Synergy, I just got the general idea from a few videos.

What an exhausting day - only small movements on most pairs.

I tried trades on smaller TF today, H1 with a view on m15. Pairs AUDUSD and EURJPY.

Here first the AUDUSD:
- I entered about 15min after LO on the green H1 candle breaking the high of the hammer-like previous candle.
- This took place with a bounce of the TDI priceline from the MBL, so I expected the recross of the priceline on H1 and redline
- Multiple bearish divergences on H1
- 2 candle double bottom on the S1 pivot

My GU trade'for today.

I spotted an IB on the H4. On the daily we see that price is at the upside of an side going channel. I went short at the break of the IB. TDI cros confirmed. TP just above the weekly 50 %. + 62 pips

NZD/USD Short Trade - H1

TDI Cross. Red pointing downwards. 20 pips TP for the day and im done.

Nice trade, congrats!
I entered similarly GU on H1, based on divergence, pullback reversal candle pattern few candles prior to my entry , topside of daily sideway channel you mention,
but foolishly closed it for 30+ pips when I woke up this morning, there was no signal to go long , just a retrace candle in the downmove, I should have stayed in , but realization only came when I got fully awaken. oh,well...

2 trades on ej as well, first one in asia session, my entry was a few pips (3-4) late, and that's with how many it has missed
my tp of 50 pips, closed on pullback for +35 pips.

Second in NY, nice divergence ,followed by double top, pullback entry, closed manually for +21 pips

PS:I can't figure out why the images are not in the order I post them in the attachment. now the second is the asia trade the top is the NY one

1 Trade today

GBP/USD – Counter trend trade (short)
Target 1.5% return as this is a counter trend trade
Weekly Trend – Bullish
Daily Trend – Bullish

Reasons for trade:

PA was @ Weekly High
Pin Bar observed on H4 (1)
TDI Cross – Short signal (2)
TDI @ 80 lvl(3)
MBL @ 68 Lvl(4)

Entry:

Entry APB #1 after TDI Cross

MM:

Multiple Entry method used
Closed 1 lot for 1% @ TP1.0R
Moved second entry based on Chandelier Exit (locked in 0.5R)
Total Locked in profit @ 1.5R, Now will manage trade based on APB

let profit Run

Hey guys, any advice appreciated

Took a E/J trade yesterday at the beginning of the London Open. Shorted after a Double.Triple Top formed during frankfurt open at daily high. Frankfurt open closed with a Red Doji And LO broke through the low of FO. TDI did not cross under the MBL but green line broke through. TDI "trendline" was broken as well. TP was just my standard 40 pip target which coincidentally happened to be where yesterdays high was(mini resistance zone as well)

Hey LFN

The Synergy Method takes a more conservative approach. The core TMS strategy is outlined on Post number 1. However, this has been expanded on and some traders use PASR & TMS as core methods. Check out post 26,237 this should help.

And here my two H1-short trades in EURJPY

The first one was 35 pips in profit, then gave back one pip after the other, until I closed it with only 10 pips. I think I overestimated todays possible daily range after the long run last week.
For that reason I scaled out earlier on the second trade. First position were 29 pips, second was currently stopped out with 10 pips, because I couldn't managed it.
Not bad for the first H1-trades on TMS, but I could have managed these more effective for a even better result, as they already had in advance.
Next time, next try.

Overnight was good on EUR/NZD +50 pips target reached on first trade. 2nd trade I took +25 when there was a double bottom on H1 after not reaching target and H1 candle started to turn blue.

Watch and wait....

All internal bars IB on my favorite pairs.AU, EJ, EU and GU. So I watch and wait what's going to happen. EU my bias is up, GU, if the prev week 50% holds, it is up. EJ Bias is up, AU also up.

a quick 20pip on GBPUSD on 1HR see chart
just bail out for a quick pip

Thank you for sharing your trading charts. Pretty interesting strategy....

pls i need help on how to install the chandelier indicator i have installed it and it appear in my custom indicator
folder but how do i apply and set the parameter needed
will quiet appreciate

He Gulayetty, it shouldn't be that difficult. Open de custom indicator window, select the indicator with your left mouse and drag it on the chart you wish. When you release the mouse the properties window of the indicator opens and you can adjust yous settings

Good luck,

I've been reading through some posts a few pages back that express scepticism about TMS... I must say, I really understand the viewpoint, because I used to think similarly when I was STARTING using this strategy.

The core TMS rules were "too simple" which allow a lot of room for bad trades if you're not familiar with FX basics. And when I say "familiar", it doesn't mean you're just aware of them from babypips school, it means you can't look at a chart without subconsciously applying them. You need to be persistent and learn from reading through this thread, successful members' posts, watch some videos etc AND learn from YOUR mistakes on demo. That way you'll slowly but surely start filtering out those bad trades and fine tuning those good ones. I call myself a beginner and now after two months I'm still in this process, but at this point even with some bad trades (which are well managed so that I exit them with small losses) I'm making ridiculous profits. This is demo of course, but I'm gaining much confidence that I feel live trading is very close.

I feel that as a fairly successful beginner my post could be useful for other beginners.

Think of TMS as a general strategy, a "philosophy", not a fixed system. You need to adopt this strategy and set your OWN rules for entries and exits. Characterize the types of trades you want to make. Borrow some techniques from successful traders and put your own ideas to work. No two traders will make the same trades. An example of "your own ideas" is my idea to use stop orders BEFORE the TDI crosses/bounces occur. Or you could set hard TPs based on ATR, Fibonacci etc etc... Experiment and give it at least a week to see if it works for you. Then you can fully adopt it, tweak it or put it aside.

So if you're new to forex it won't be as simple as the thread's name says. Actually it IS simple, once you get the hang of it, it is ridiculously simple compared to other strategies out there. But it's overwhelming at first and you need to put your grey cells to work and KEEP them at work. Learn the simple principles at first, don't add 14235 indicators to your chart.

Now I only use 5EMA with STARC bands, but these are only for a general idea. No Stoch, TDI is the king. I don't even draw S/R or Fib levels - not saying you shouldn't. I obviously have to pay attention to those, but I only "eye" them on the charts. Anyway, you can't rely on indicators themselves, you need to set your own rules what to DO (or what NOT to do) when PA or indicator X does Y. Tweak your rules and create your OWN plan based on TMS. Your best bet is to try and copy what experienced traders are doing and then eventually tweak something to fit your own personality.

thanks pipsmurfer i so much appreciate but see the attached and am i still missing something here how is it
suppose to take trade move every 50pip or what

You're welcome. I'm loving it at the moment. Had to go out and missed a beauty of a EUR/NZD buy, but never mind

Yesterdays trades on EJ +50 and +30. also we look to be in a bit of a channel today.