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Trading Made Simple

  • #28,161
  • Dec 11, 2013 5:46pm Dec 11, 2013 5:46pm
Hello everybody,

Thanks for posting the link about fibonacci on babypips. I will read it today.
Yesterday I made a little trade on EUR / JPY and made -50 pips .

When LO the green line crossed the red line. The cross was also below the yellow line.
Unfortunately the trade went against me, and i got stopped out. The SL was hit.

If you want to comment my post / trade, please feel free to do this. I am really struggling to get the system.

Best regards,

Fx94
Attached Image (click to enlarge)
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  • #28,162
  • Dec 11, 2013 6:50pm Dec 11, 2013 6:50pm
I am new to this system also but what I see is you entered into a countertrend trade against a long term (Daily chart) uptrend. Also the RSI Green line crossed down near the 32 level which would be for me a sign that it could soon run out of steam and turn back up as it did.

I am currently only trading the 4Hr charts in the London session and closing out in early NY session. I will only trade with the trend. Being new at this I find it best to stick with Big "E"'s rules to start. It takes more patience but that is something I personally have to work on anyhow so its good disipline.

Hope this is helpful. I look forward to other comments also.

Harry
  • #28,163
  • Dec 11, 2013 7:31pm Dec 11, 2013 7:31pm
I took this GU trade and while it ran well and I took profit of 79 pips when the TDI went flat, my review of the trade shows I could have entered again on the TDI bounce. Would have made a lot more pips on that one.
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  • #28,164
  • Dec 11, 2013 9:52pm Dec 11, 2013 9:52pm
Quoting airbeat
I took this GU trade and while it ran well and I took profit of 79 pips when the TDI went flat, my review of the trade shows I could have entered again on the TDI bounce. Would have made a lot more pips on that one. {image}
What's that daily range indicator you have got there?
Is it any good?
  • #28,165
  • Dec 12, 2013 12:59am Dec 12, 2013 12:59am
Quoting jacquesE
{quote} Really....I do trade for myself, you assume an awful lot for not knowing me...I know how to trade the method, trust me! I have read the thread, studied it, back tested it and trade TMS.... I just find it funny when people can't back up there trades with a chart. 382 pips....every trade must have been perfection.
Sorry Jacques, I did not want to upset you.
There`s no life before COFFEE!
  • #28,166
  • Dec 12, 2013 1:02am Dec 12, 2013 1:02am
Quoting Fx94
Hello everybody, Thanks for posting the link about fibonacci on babypips. I will read it today. Yesterday I made a little trade on EUR / JPY and made -50 pips . When LO the green line crossed the red line. The cross was also below the yellow line. Unfortunately the trade went against me, and i got stopped out. The SL was hit. If you want to comment my post / trade, please feel free to do this. I am really struggling to get the system. Best regards, Fx94 {image}
Nothing tells you when that particular trend is going to come to an end, it had gone quite a distance against the long term trend anyway, but you took far too long to kill the trade. Look at the price action telling you it was probably turning bullish and you stayed in the trade. An inside bar. then a break out of the inside bar all the while the candles are turning blue, the tdi is crossing back up and you still stayed in. Obviously, its not a good idea to get jumpy and come out of a trade at every little thing but if things are piling up, kill the trade.
  • #28,167
  • Dec 12, 2013 1:47am Dec 12, 2013 1:47am
Quoting jacquesE
{quote} Really....I do trade for myself, you assume an awful lot for not knowing me...I know how to trade the method, trust me! I have read the thread, studied it, back tested it and trade TMS.... I just find it funny when people can't back up there trades with a chart. 382 pips....every trade must have been perfection.
It is the question why are people here in the thread?

There are some who want to help each other. There are newbees who want to learn from the advanced. Advanced who want to learn from the experienced and so on. Others only want to show what they are able to do. And others want to find the holy grail.
Some experienced want to give their knowledge to others. Some have only winner trades, some post the 1 winner out of 3 loosers, other only have loosers (perhaps because they're just learning), again others do both. From hobby to the fulltime traders ...
... and a lot of more reasons.

I'm no newbee and no doubt far away from experienced - but wow - I would be happy to get 382 pips on a day, if this came along with low risk.

So naturally it is interesting for others to "see" how you did that - where you entered, where you exited and why you do that - just questioning about that to learn for themselves.

For me, I can say I sometimes still struggle in filtering good and bad setups on the time they were created. Looking afterwards on the chart I mostly can see what was the key or the problem.
So some days work very well - like yesterday where a lot of pairs have a good TMS setup and trending behaviour. Other days do not, because they are not as clear and I only try to trade because I want to trade.
fxFox (all times in my charts are GMT+1)
  • #28,168
  • Dec 12, 2013 2:01am Dec 12, 2013 2:01am
2 trades started (just my trades - no advice to trade)

EURJPY long on TMS H1:
- rising blue candles, break out before
- trade signal line goes up
- priceline (green) bounce from red
- above MBL, MBL moves up
- H4 TDI upcross
- trend up, possible resume
- retracement < 38% of the preceding up move

GBPUSD long on TMS H1:
- color of candle blue
- break of candle high
- trade signal line flat
- priceline (green) goes up and depart from red
- H4 TDI before steep up cross (red still goes down and under MBL)
- between 61,8 - 76,4% retracement of the preceding up move
- on lower band of the guppy averages on H4
- trend up, possible resume
Attached Image(s) (click to enlarge)
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fxFox (all times in my charts are GMT+1)
  • #28,169
  • Dec 12, 2013 2:07am Dec 12, 2013 2:07am
Quoting jacquesE
{quote} Really....I do trade for myself, you assume an awful lot for not knowing me...I know how to trade the method, trust me! I have read the thread, studied it, back tested it and trade TMS.... I just find it funny when people can't back up there trades with a chart. 382 pips....every trade must have been perfection.
My open trades: Satisfied?
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There`s no life before COFFEE!
  • #28,170
  • Dec 12, 2013 2:48am Dec 12, 2013 2:48am
Quoting Fx94
Hello everybody, Thanks for posting the link about fibonacci on babypips. I will read it today. Yesterday I made a little trade on EUR / JPY and made -50 pips . When LO the green line crossed the red line. The cross was also below the yellow line. Unfortunately the trade went against me, and i got stopped out. The SL was hit. If you want to comment my post / trade, please feel free to do this. I am really struggling to get the system. Best regards, Fx94 {image}
The entire concept of the 50 pip SL is that it is an EMERGENCY... You should never let it get hit! When you see PA setting up a pretty perfect long setup, you should bail from your short asap. Also your entry was waaay too late. I have a personal method to gauge if a setup is late or not, I've noticed that on a good EJ setup, the SL (if put on the last swing) is seldom bigger than 30 pips, 25 even. If it is more than that I just skip the trade because chances are pretty high that I'm late to the party. It has kept me from a number of bad setups. I also never open a trade before LO and after the first 3 hours of LO, so yesterday was a no-no for me. I didn't take short setup for the above-stated reasons and I didn't take a long because a TL was near.
  • #28,171
  • Dec 12, 2013 3:40am Dec 12, 2013 3:40am
GBPJPY : 9/10/

Set up : A pull back bar on NYO, which created a pin on normal 1hr candle, with the last 15min candle creating a TDI cross.

Entry 1 : TDI cross on 15min, exited -4pips on change of colour 15min candle

Entry 2 : Re entered when next candle broke back up

SL : 20 pips

TP : ADR / Next Round number
Attached Image(s) (click to enlarge)
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Steadfastness is held above all success
  • #28,172
  • Dec 12, 2013 3:45am Dec 12, 2013 3:45am
GA

Setup:

4hr - Potential structure change with HL, TDI matching PA, TDI cross

Entry :

PRCP on the 1hr time frame
Bounce off of 200 EMA
MBL TDI cross

Entered on break of high of previous candle

TP : PMH
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Steadfastness is held above all success
  • #28,173
  • Dec 12, 2013 3:57am Dec 12, 2013 3:57am
GJ:

Set up :

Consolidation at PMH and 200EMA
TDI matching PA HL, HL
Pullback bar in consolidation

Entry : TDI cross above MBL

TP : Resistance / previous support
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY12122013.png Size: 66 KB
Steadfastness is held above all success
  • #28,174
  • Dec 12, 2013 3:58am Dec 12, 2013 3:58am
Quoting jalkok
{quote} My open trades: Satisfied? {image} {image} {image} {image} {image} {image} {image}
Well satisfied jalkok, thanks for posting the charts , credit where credit`s due you`ve taken what look to be some great winning trade setups there.
All the best and thanks again.
Shane.
  • #28,175
  • Dec 12, 2013 3:59am Dec 12, 2013 3:59am
trade update H1

EURJPY closed with +19 pips, because all TDIs H4&H1 do not go further into long diection.
GBPUSD closed 1/2 pos. at +40 pips, will hold on the second half as long as there is change that the H4 TDI will not bounce from the red line or turn down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-12-12 10.45 GMT+1 EURJPY.png Size: 182 KB
Click to Enlarge Name: 2013-12-12 10.45 GMT+1 GBPUSD.png Size: 217 KB
fxFox (all times in my charts are GMT+1)
  • #28,176
  • Dec 12, 2013 4:32am Dec 12, 2013 4:32am
Quoting jalkok
{quote} My open trades: Satisfied? {image} {image} {image} {image} {image} {image} {image}
Awesome work....very satisfied!! Great to see your trades on the charts. Thanks for sharing!!
  • #28,177
  • Dec 12, 2013 4:36am Dec 12, 2013 4:36am
Quoting jalkok
{quote} My open trades: Satisfied? {image} {image} {image} {image} {image} {image} {image}
Jalkok, what is your ema indicator on your charts, I compared it to the standard 5ema shift. Looks a little different and I like the color change it has with trend.
If you could attach or share the settings of your ema, that'd be great thanks.
Again, thanks nice work on these trades.
  • #28,178
  • Dec 12, 2013 5:47am Dec 12, 2013 5:47am
Quoting jacquesE
{quote} Jalkok, what is your ema indicator on your charts, I compared it to the standard 5ema shift. Looks a little different and I like the color change it has with trend. If you could attach or share the settings of your ema, that'd be great thanks. Again, thanks nice work on these trades.
Here you are
Attached File(s)
File Type: ex4 T3_08_2Color.ex4   9 KB | 487 downloads
There`s no life before COFFEE!
  • #28,179
  • Dec 12, 2013 6:00am Dec 12, 2013 6:00am
Quoting jalkok
{quote} Here you are {file}
Thanks man. I found it in Genesis a little while ago....very nice.
Have a great trading day!
  • #28,180
  • Dec 12, 2013 6:17am Dec 12, 2013 6:17am
Quoting goochie
GJ: Set up : Consolidation at PMH and 200EMA TDI matching PA HL, HL Pullback bar in consolidation Entry : TDI cross above MBL TP : Resistance / previous support {image}

Hey there...
Just a little helping tip.. When looking at the tdi and price you must use the close price of the bars and not the lows.. the rsi of the tdi is calculated from the closing price and not the high/low.. Just something to look out for if your using it for possible divergence or confirmation or HH or HL.. Black lines on your chart show correct placement.
Attached Image (click to enlarge)
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josh
nollej is power..
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