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Trading Made Simple

  • #28,501
  • Dec 31, 2013 9:01am Dec 31, 2013 9:01am
Quoting TheScorpS
{quote} 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...
Hello,

Thanks a lot for this good answer. I understood it.

Best regards and have a good start into the new year,

Fx94
  • #28,502
  • Dec 31, 2013 9:04am Dec 31, 2013 9:04am
ok thanks i will give it a shot
  • #28,503
  • Dec 31, 2013 10:08am Dec 31, 2013 10:08am
This may seem like a stupid question, but sure the seniors can help.I found this thread mid-december and even demo trading wasn't great.This I read is because of the holiday season. What times of the year,specifically, which months do we encounter such a situation or is it only in the month of december.

Hapyy new year to one and all.
  • #28,504
  • Dec 31, 2013 10:59am Dec 31, 2013 10:59am
HI All Finally figured out all the tmpl. started using synergy pro after reading the doc file. ben more profitable than any other. just need to be more diligent on getting in early instead of late..trading 4hr/daily
Wishing all a profitable and HAPPY NEW YEAR
  • #28,505
  • Dec 31, 2013 11:24am Dec 31, 2013 11:24am
sfg7th

thats a very interesting post... im also trying the synergy pro and really liking what im seeing...also looking to trade this on H4 and potentially daily

can you elaborate more on your early entry method? eg do you get in immediately on the appearance of an APB arrow on the candles. and how does the volatility indicator inform your decisions?

look forward to hearing your response


Quoting sfg7th
HI All Finally figured out all the tmpl. started using synergy pro after reading the doc file. ben more profitable than any other. just need to be more diligent on getting in early instead of late..trading 4hr/daily Wishing all a profitable and HAPPY NEW YEAR
  • #28,506
  • Dec 31, 2013 11:32am Dec 31, 2013 11:32am
Success will come in the new year, if you think positive, always smiling and your loved ones around you. This rewards all future endeavors with success. Happy new year
  • #28,507
  • Dec 31, 2013 7:45pm Dec 31, 2013 7:45pm
hi ballak I stated I have been getting in late, attempting to determine best time here in eastern time zone DST..only been attempting to trade system for 3 days now, about 60% w, 40% losers
  • #28,508
  • Dec 31, 2013 7:55pm Dec 31, 2013 7:55pm
Quoting Fx94
{quote} I have 2 questions: a) My broker uses GMT time so now there is 11:56 o´clock. When i see your chart, i see that your second blue candle is included in the london session box. That means, that london sessions start at 7:00 GMT. But i assumed this times to my indicator for trading sessions: http://forex.timezoneconverter.com/ Please take a look at my chart and tell me what i am installing false. b) You have a static TDI indicator, so your scale isn´t changing all the time. My scale does this, and it´s confusing because i have also...




Attached Image (click to enlarge)
Click to Enlarge Name: Fx94 GJ post.png Size: 43 KB



1) The green coloured box is set to GMT0700 and 1500 in the indicator properties. Frankfurt open at GMT0700 and this is the European market session. If you want to see London session open and close, you need to set the hour to show the London session hour which is GMT0800 to 1600. Be mindful when DST time changeover in 2014. Personally I don't use this indicator on my trading charts. I know exactly when the various market session open and close times and I don't need an indicator to show me and clogs up my screen and chart space.

2) The TDI is set to its default values - 13, 0, 7, 34 and the three levels are 68, 50, 32. These remain permanent on all TMS trading charts. Note that Big E use only the Green and Red TDI lines. But many of us use the full TDI features and these have other purpose when we trader lower timeframe H1 and below. Learn from member Phx62 the way he trades H1. He is the best H1 trader in this thread.

Regarding that GI H1 setup shown above, I considered that as a valid setup at that time when I saw that.
- there was a rally previous week and stooped at the critical historical suuport and resistance
- H1 shows a price and TDI divergence but very very prominent.
- Price pulls back from at RN.
These are good enough for a counter-trend trade knowing the GJ is a volatile pair a RR 1:1 trade was good enough. Taking counter-trend trend trades require nimble entry and multiple exits. Scaling out to take partal profits is one way to reduce initial risk R.

When I posted ths GJ example, I was look at AJ, EJ, GJ and UJ. I purposely picked GJ for some reason over the other 3 pairs.

If you look at the chart above, candles 2 and 3 are bearish candles although the APB show blue for candle 2. In such situations, I will enter after candle 3 closed, this is actually APB count #1 change colour (agressive entry). If we wait for candle 4 close, which is APB#2 it will also a good entry because that closed outside the PAC (conservative entry).

I understand you feel insecured when you see the candle wick and TDI cross at that same time. But when you look at M15 with the PAC, that may help you.

Of course, when we see things in hindsight, we can say that was a good setup but we must be careful when we do visual back-testing because hindsight viewings will destroy our learning. And this is one primary cause why many traders fails to trade TMS profitably because pulling the trigger and executing trades is not easy. That requires skills and discipline play a big part.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,509
  • Dec 31, 2013 8:09pm Dec 31, 2013 8:09pm
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}
Attached Image


Bizzle:

Good that you identified the HH and HL and how these being used.

On H4 was a Master Candle and price went into condolidation for several 4H periods. One would ne waiting for breakout of that H4 MC. The primary trend was still UP hence that H1 setup was a counter-trend trade. There was not PA which suggest bearish reversal in H4 and D.


Attached Image (click to enlarge)
Click to Enlarge Name: GJ H4 31 Dec.png Size: 45 KB


regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,510
  • Dec 31, 2013 8:26pm Dec 31, 2013 8:26pm
Quoting hoperich
{quote} Hi Emmanuel, I am learning from experts like you. Here is my thinking, please correct me if I am wrong. The setup is ok for small scalp trade only. If we check in last two days market is moving in a range close to 68 (TDI) and no clear trend although good TDI crossing (4-6) and entry candle without lower wick. Please advise? Thanks.
hoperich:

Yes, we can use that H1 setup and since it is counter-trend, we can scalp using lower timeframe M15 with PAC. Scalp when we can see small SL of 15 to 20 pips and RR 1:1.

See example below.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ 30 Dec M15 scalp example.png Size: 52 KB


regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,511
  • Dec 31, 2013 8:34pm Dec 31, 2013 8:34pm
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...

Superflyer:

You did not have to re-invent the wheel. I LIKE!

here is where you can resolve the object name conflict. see atached below.

Attached Image (click to enlarge)
Click to Enlarge Name: object name conflict.png Size: 32 KB


next time, please post such request in the FF Platform Tech section and you will get more members there helping you.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,512
  • Dec 31, 2013 8:39pm Dec 31, 2013 8:39pm
Quoting santos23
Ive got one curious question, I dont trade when the candles are small..but whats the minimum sized candle we can start our trades on? Screenshot example please? thank you

Santos;

I am having a hangover from last night' partying.
If you can, please post a chart and point on your chart where you see small candles.
I am sure many traders here will give their views and point out what you see if in fact small candles with an overall bigger picture of the chart.

Can we do that please?

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,513
  • Dec 31, 2013 8:52pm Dec 31, 2013 8:52pm
Quoting homejobsl
Hi Emmanuel, This is my first post. i was a silent follower for 7 months. i thought it's the high time to speak out. Answer for GJ Post : 28467 Please give your opinion. {image}
homejobsl:

Welcome to TMS!
You are no longer a silent follower.
Good post and I see you read up on some basics of how to use the RSI on your comments written on your chart below.
This is a very good foundation to have.
With this knowlegde and when you continue to be an active member in TMS, you will get an invitation from me in 2014.

Attached Image


MDRP ...


regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,514
  • Dec 31, 2013 9:07pm Dec 31, 2013 9:07pm
Quoting plateau
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...

plateau:

This my suggestion,

First, you must read all of Big E posts. Only 463 posts in this thread.

Second, remember his post#261. This is the core.

Third, practice, practice, practice ... until you are proficient with the 4H method.

Once you feel that you have mastered the rules of TMS, then you can break them (rules) one by one.

Read my post#28,455

Be active and particpate in discussions and sharing of your charts and trades.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,515
  • Edited 10:21pm Dec 31, 2013 9:12pm | Edited 10:21pm
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...

Fx94:

When I trade H1, I also must know what the H4 is telling me.
This way, I stay away from those non-high probability setups.

Attached Image


Look at H4 APB when that H1 APB changed colour. Do you see a H4 Blue APB when that H1 APB changed to blue?

Attached Image




regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,516
  • Dec 31, 2013 9:17pm Dec 31, 2013 9:17pm
Quoting csethna
This may seem like a stupid question, but sure the seniors can help.I found this thread mid-december and even demo trading wasn't great.This I read is because of the holiday season. What times of the year,specifically, which months do we encounter such a situation or is it only in the month of december. Hapyy new year to one and all.

csethna:

Since a very long time ago, I don't trade from 18 Dec to 5 Jan.
This new year, i will only resume trading in week 03, i.e. starting on 13 Jan 2014 that's when I start look for 4H swing trades again.
Meantime, it is holidays in many countries so I relax and prepare for a new business year.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,517
  • Edited Jan 1, 2014 1:35am Dec 31, 2013 9:36pm | Edited Jan 1, 2014 1:35am
Quoting sfg7th
HI All Finally figured out all the tmpl. started using synergy pro after reading the doc file. ben more profitable than any other. just need to be more diligent on getting in early instead of late..trading 4hr/daily Wishing all a profitable and HAPPY NEW YEAR
Quoting blamshakk
sfg7th thats a very interesting post... im also trying the synergy pro and really liking what im seeing...also looking to trade this on H4 and potentially daily can you elaborate more on your early entry method? eg do you get in immediately on the appearance of an APB arrow on the candles. and how does the volatility indicator inform your decisions? look forward to hearing your response {quote}
sfg7th, blamshakk:

You two 'naughty boys' talking about Synergy-Pro. You will sent to stand in the naughty corner soon.

TMS 4H trading is aggressive entry and to me that is early entry.
Entry rule is simple, TDI cross and APB change colour and we enter on candle #1 and #2.
After candle #3, we do not chase after the market.
The best entry is when APB change colour and candle#1 break out of the H4 PAC with a TDI 12-2 or 4-6 or cross as setup confirmation.

Don't believe me?
... just keep a clean chart with just TDI, APB and a 5SMMA as PAC. See the number of such setups on H4 and how many APB candles run after candles #1 and #2.

The game here is to use money management and multiple positions to maximise profits when such market condition occur. "Let Profits Run".
Keep every trade initial risk small ... 1% to 2%, Build up position only with banked-in profits, re-invest with what the market gave you.

Attached Image


When trading 4H swing, you need to watch both the Day and Weekly trends. Always pay attention to the D and W OHLC.
The Synergy_Pro Volatility indicator is redundant when you have the PAC as you price action channel and you can read candlestick well.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #28,518
  • Dec 31, 2013 11:32pm Dec 31, 2013 11:32pm
Quoting emmanuel7788
{quote} homejobsl: Welcome to TMS! You are no longer a silent follower. Good post and I see you read up on some basics of how to use the RSI on your comments written on your chart below. This is a very good foundation to have. With this knowlegde and when you continue to be an active member in TMS, you will get an invitation from me in 2014. {image} MDRP ... regards, EMMANUEL
Thanks Emmanuel for the continuous teaching...

I have to catch up some posts of seniors (specially you) before writing my plan & demo trading. Once i finished, i'll start posing my charts.
  • #28,519
  • Jan 1, 2014 2:56am Jan 1, 2014 2:56am
Quoting emmanuel7788
{quote} plateau: This my suggestion, First, you must read all of Big E posts. Only 463 posts in this thread. Second, remember his post#261. This is the core. Third, practice, practice, practice ... until you are proficient with the 4H method. Once you feel that you have mastered the rules of TMS, then you can break them (rules) one by one. Read my post#28,455 Be active and particpate in discussions...
Thanks for the suggestions Emmanuel. Much appreciated. I had been reading up and looking at Big E's training charts and i think i do get the core method in mind. Did some demo account trading but it seems that it's about 50/50 success rate for me. I still might have more training to do lol. I also read that you didn't trade during mid December till mid of January. Not sure if my timing was right to start training but i would still train during these times to get a hang of things. As i'm just using a demo account, no harm done.

I've also attached a doc document i compiled and organized Big E's posts and charts. Makes reading easier. It's still not the finished product, so anyone's welcome to add more info to it. Hopefully it will help someone out.

Edit: The doc is too big to upload, so here a link to download it :- https://www.dropbox.com/s/4e428oi7ek...0Training.docx
  • #28,520
  • Jan 1, 2014 5:27am Jan 1, 2014 5:27am
Quoting plateau
{quote} Thanks for the suggestions Emmanuel. Much appreciated. I had been reading up and looking at Big E's training charts and i think i do get the core method in mind. Did some demo account trading but it seems that it's about 50/50 success rate for me. I still might have more training to do lol. I also read that you didn't trade during mid December till mid of January. Not sure if my timing was right to start training but i would still train during these times to get a hang of things. As i'm just using a demo account, no harm done. I've also...
Many thanks plateau, really useful download. Thanks also to Emmanuel for the helpful posts when he`s probably still under the influence of alcohol!
Happy new year everybody.
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