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Trading Made Simple

  • #28,481
  • Dec 30, 2013 8:32pm Dec 30, 2013 8:32pm
Dear Bizzle,

While trading H4 tms, I experienced that there are more tms setups for usdjpy,eurjpy,audusd,gbpusd during europe session compared to eurusd. Whats your experience with eurusd h4 trading during europe session.

Thanks
Manoj
  • #28,482
  • Dec 30, 2013 8:42pm Dec 30, 2013 8:42pm
Quoting Bizzzle
{quote} I was trading the 1 hour chart for a bit but now only the 4 hour and I wouldn't have enter at that point because PA and TDI are not in sync. PA is making higher highs and higher lows, so at the point you posted the picture the reversal was not confirmed by PA until we have a LH. Also we are in a very strong uptrend and must expect pullbacks! {image}
Hi Bizzzle

PA is making HL and HH and TDI is crossing down? without a LH , when TDI and PA isnt in check, better to stay away from entering counter-trend trades
I Have Learned to Take Some Losses to Make Profits
  • #28,483
  • Dec 30, 2013 8:45pm Dec 30, 2013 8:45pm
Took this trade yesterday, AU H1 long

Double Bottom followed by inside bar and break above inside bar with cross of TDI
Attached Image (click to enlarge)
Click to Enlarge Name: AU_H1.png Size: 67 KB
I Have Learned to Take Some Losses to Make Profits
  • #28,484
  • Dec 30, 2013 9:43pm Dec 30, 2013 9:43pm
Hey guys,

I'm new here and this method has caught my eye. Sad to hear that Big E had passed away but he did leave something for us all to benefit from. Rest in peace and may his legacy make it's worth.

As for TMS, i've read the first 50 pages of this thread and tried to keep my learning to it's core as Big E originally made the system. However after reading the last 10 or so last pages of this thread, i see that there are different indicators or methods to TMS. Is it still best to use Big E's original method (which may be outdated?) or is there a better and improved way to use TMS (as per chart below etc)?

Quoting emmanuel7788
Chart practice time: Here is GJ example. {image}
  • #28,485
  • Dec 30, 2013 11:51pm Dec 30, 2013 11:51pm
Quoting TheScorpS
Took this trade yesterday, AU H1 long Double Bottom followed by inside bar and break above inside bar with cross of TDI {image}
Nice trade!

Could you let me know the name of the ATR/ADR indicator you use near the bottom left of your chart.
Attached Image
  • #28,486
  • Dec 30, 2013 11:59pm Dec 30, 2013 11:59pm
Quoting Superflyer
Hi guys, Im having a little problem configuring the code of an indicator. The indicator is Daily Range by PeterE, and I want to transform it to a Weekly Range one (even if I have no idea of coding, after searching a little bit in MQL4 website I think i did it), is attached in case any of you would want it, I would appreciate if you can tell me if it is correct or not. Also, and more important, my main objective was having both indicators in the same chart (both Daily and Weekly range, they create and object, text label) but when I insert the second...
I hope attached indicator will help you.
Attached File(s)
File Type: mq4 xADR_vbobv1.mq4   4 KB | 486 downloads
  • #28,487
  • Dec 31, 2013 1:26am Dec 31, 2013 1:26am
Quoting TheScorpS
Took this trade yesterday, AU H1 long Double Bottom followed by inside bar and break above inside bar with cross of TDI {image}

Hello TheScorpS,

good trade ! I have 3 questions:

a) Why didn´t you enter on the first red pullback bar. The double bottom was also recognizable ? There was a double bottom, a pullback candle and a TDI cross. Second candle appeared blue.

b) Your entry was based on a inside bar and a TDI bounce from red. Why was you so sure the prise will go up. The conditions in a) were better, weren´t they ?

c) Why was you so sure that the trend will not proceed in the short way ? It was a big move dowm and you traded long. Why was your sure that this is not just a retracement. It was a countertrend, wasn´t it.

Just trying to understand the system and improve myself in reacting because of the market conditions

Best regards,

Fx94
Attached Image (click to enlarge)
Click to Enlarge Name: AU_H1.png Size: 71 KB
  • #28,488
  • Dec 31, 2013 1:42am Dec 31, 2013 1:42am
Quoting Fx94
{quote} Hello TheScorpS, good trade ! I have 3 questions: a) Why didn´t you enter on the first red pullback bar. The double bottom was also recognizable ? There was a double bottom, a pullback candle and a TDI cross. Second candle appeared blue. b) Your entry was based on a inside bar and a TDI bounce from red. Why was you so sure the prise will go up. The conditions in a) were better, weren´t they ? c) Why was you so sure that the trend will not proceed in the short way ? It was a big move dowm and you traded long. Why was your sure that this is...
When ThescorpS took the trade there was also a higher low which is what I would wait for if no obvious divergence.
  • #28,489
  • Dec 31, 2013 2:03am Dec 31, 2013 2:03am
Quoting manoj_3986
Dear Bizzle, While trading H4 tms, I experienced that there are more tms setups for usdjpy,eurjpy,audusd,gbpusd during europe session compared to eurusd. Whats your experience with eurusd h4 trading during europe session. Thanks Manoj
I trade EU, GU, AU, EJ, GJ and AJ! The JPY pairs have a bigger ADR so move alot more...
Give yourself a chance and trade it like it's layed out...
  • #28,490
  • Dec 31, 2013 2:04am Dec 31, 2013 2:04am
Quoting Fx94
{quote} Hello TheScorpS, good trade ! I have 3 questions: a) Why didn´t you enter on the first red pullback bar. The double bottom was also recognizable ? There was a double bottom, a pullback candle and a TDI cross. Second candle appeared blue. b) Your entry was based on a inside bar and a TDI bounce from red. Why was you so sure the prise will go up. The conditions in a) were better, weren´t they ? c) Why was you so sure that the trend will not proceed in the short way ? It was a big move dowm and you traded long. Why was your sure that this is...

First I needed to see that bulls take control of the market since there is a previous strong bearish momentum with increase in projection and depth, so entering on the first inside bar breakout would be a risky trade with greater stop loss allocation.
When pa made a shallow retracement and pulled back confirming almost a higher double bottom and higher low, in this scenario, I am ready to go long since pa didn’t make a new structure low , so no momentum to the down side and no projection, ie bears losing steam, and bulls might just take control again.

I think in this case also stop loss was slightly in a better location, below the double bottom higher low swing, which was approximately 25 pips and if pa indeed trending up, this low would be protected cause expectation is for pa to make a new structure high following a trending market, also PHx62 says many times that pa on a trending market on Mondays when there’s no pending news if pa starts trending in one direction , often pa will continue in the same direction all the way up to London close , so follow it this way plus TP was set on structure below 61.8 harmonic fibs on the completed ABCD formation

Now back to fibs, this area has many fibs confluence and convergence, its also an ABCD zone completion, drawing fibs extension from AB leg, we reach 127 and 138.2 convergence zone, in this case pa closed below 138.2 so I was not sure about entering the trade, when I redraw fibs extension from BC leg, I saw that fibs fail to close below 161.8 extension, and this made the zone between fibs 138.2 of AB leg and 161.8 of BC leg drawn in orange rectangle, all this made a possible long entry.


Attached Image (click to enlarge)
Click to Enlarge Name: ABCD.jpg Size: 263 KB
I Have Learned to Take Some Losses to Make Profits
  • #28,491
  • Dec 31, 2013 2:06am Dec 31, 2013 2:06am
Quoting TheScorpS
{quote} Hi Bizzzle PA is making HL and HH and TDI is crossing down? without a LH , when TDI and PA isnt in check, better to stay away from entering counter-trend trades
Exactly, this is the safest way! sometime I may enter earlier on PA, News or If i see all my other pairs with a good setup.
Give yourself a chance and trade it like it's layed out...
  • #28,492
  • Dec 31, 2013 2:09am Dec 31, 2013 2:09am
Quoting lastingwell
{quote} When ThescorpS took the trade there was also a higher low which is what I would wait for if no obvious divergence.

yes lastingwell, exactly , thanks for help
I Have Learned to Take Some Losses to Make Profits
  • #28,493
  • Dec 31, 2013 2:09am Dec 31, 2013 2:09am
Quoting TheScorpS
Took this trade yesterday, AU H1 long Double Bottom followed by inside bar and break above inside bar with cross of TDI {image}
Great Trade well done mate,

I like the way you had the patients to wait for the first HL
Give yourself a chance and trade it like it's layed out...
  • #28,494
  • Dec 31, 2013 2:34am Dec 31, 2013 2:34am
Some very strong moves on several pairs on the last two 1H bars. I cant find any news impact over the "low" impact. What could be the reason? Luckily I was demo trading because all trades I took is heading straight to SL.

Question 2: I almost never see any negative trade examples posted here, are you taking only 100% winners?
What is the win percent on average with trading TMS on H4 and H1?
  • #28,495
  • Dec 31, 2013 5:27am Dec 31, 2013 5:27am
Hi there i am new to forex i have demo traded a few stratergies and came accross thi system iam having a hard time loading the tdi onto my fxpro charting . I am not much of a computer fundi so if anyone could give me some advice on hpw to get these indicators onto my charts it would be much appreciated i have gone through a thousand pages and still cant get it right.im about to give up but i know from all the reading i have done that this is a simple effective system so am hoping i can work out how to put indicators on charts. Thanks jamie
  • #28,496
  • Dec 31, 2013 5:43am Dec 31, 2013 5:43am
Quoting jamiestow
Hi there i am new to forex i have demo traded a few stratergies and came accross thi system iam having a hard time loading the tdi onto my fxpro charting . I am not much of a computer fundi so if anyone could give me some advice on hpw to get these indicators onto my charts it would be much appreciated i have gone through a thousand pages and still cant get it right.im about to give up but i know from all the reading i have done that this is a simple effective system so am hoping i can work out how to put indicators on charts. Thanks jamie
Just what specific problems are you having? And you are using MT4?


Regards,
Cigarguy
Keep It Simple
  • #28,497
  • Dec 31, 2013 5:47am Dec 31, 2013 5:47am
Hi cigarguy thanks for reply .So i download the indicators on pg 2 i think #24 once ive downloaded the indicators i have no idea how to get them on my chart
  • #28,498
  • Dec 31, 2013 6:08am Dec 31, 2013 6:08am
Quoting jamiestow
Hi cigarguy thanks for reply .So i download the indicators on pg 2 i think #24 once ive downloaded the indicators i have no idea how to get them on my chart
and your using MT4?
Keep It Simple
  • #28,499
  • Dec 31, 2013 6:12am Dec 31, 2013 6:12am
yes im using mt4 im with fxpro
  • #28,500
  • Edited 6:46am Dec 31, 2013 6:28am | Edited 6:46am
Quoting jamiestow
yes im using mt4 im with fxpro
ok, I took a look at that post and that is a template not a indicator. It is loaded into your templates on the MT4 platform. But you need the TDI indicator loaded into your indicators for that template to work. Go up above to the paperclip and download the TDI indicator directly into your MT4 platform indicators and download the template again directly into your templates.

Do you know how to do that? It should look similar to this; for the TDI indicator and then templates.

Hope this helps.

Regards,
Cigarguy
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Dec. 31 05.34.gif Size: 24 KB
Keep It Simple
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