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Trading Made Simple

  • #28,821
  • Jan 9, 2014 5:20am Jan 9, 2014 5:20am
Quoting WDays
{quote} Great trade I saw it at london open and dismissed it. It went up 35 pips from where my entry would have been but I do not enter trades after the third candle. Where I would have entered was where you entered, except I don't trade outside the london session. Instead, I pulled the trigger on a pair I dont normally trade and took a 2 pip loss when I manually liquidated the position after it had gone nowhere for so long. AU is consolidating after the downward move. {image}

I think you made the right decision at LO, I wouldn't have taken it there, you never know when its going to turn around and what is 35 pips today will be a loss tomorrow, so right decision imo.
  • #28,822
  • Jan 9, 2014 5:28am Jan 9, 2014 5:28am
Quoting lastingwell
{quote} I think you made the right decision at LO, I wouldn't have taken it there, you never know when its going to turn around and what is 35 pips today will be a loss tomorrow, so right decision imo.
It's what I figure too, it's all about probability, right
  • #28,823
  • Edited 7:11am Jan 9, 2014 5:45am | Edited 7:11am
Quoting emmanuel7788
{quote} Gareth22: Good question. I like this question because I was looking at this EJ when Tokyo sushi time. If we trade strictly the London session, we must wait till the LO candle. But there are exceptions to this Rule. I look at the Tokyo 5H range to see if there is a Price Action setup which I will use if I want to break this Rule. The GMT0600 candle i.e. 2 candles before the LO candle, is a valid PA setup and confirm with the TDI 12-2. Can you identify that PA setup? Also, the APB range is something we must look at and not just the...
This is key. The whole point of APB or any kind of Heiken Ashi is that traditional bar closes are random within the range, HA candles seek to smooth this randomness out. Comparison on candle body sizes along with previous candle hi-los (breakout?) is also of import if you are to read them properly.
Just seeing red, blue: this is a reveral: go long. Isn't enough.

Also consider the 2nd chart:
Forex truly is a crapshoot as price is ALWAYS stuck between s/d levels and you don't know which is going to hold or break. There's previous supply evident from H4, people on short TF entries are already short. H4 traders are holding from the lower breakout area (where price is likely to go on a retrace stop hunting) but there's also the failed supply becomes demand in between them - why has price just reacted to that level. Will it hold to the upside, on the way of current H4 entries, it might, and their breakeven strat will have won for once, or it will fold, knock out the H4s then come back up. Either way, the breakout traders in the middle lose out. Trade or fade and until you cash in your chips you know not which way it will go folks. All a crap shoot
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  • #28,824
  • Jan 9, 2014 6:22am Jan 9, 2014 6:22am
hi to all
where can i find latest IND & TEMP for this strategy
thanks to all
  • #28,825
  • Jan 9, 2014 7:25am Jan 9, 2014 7:25am
Quoting emmanuel7788
EJ H1 Gareth22 trade question: {image} Below is my chart with the APB/HA moved to a sub-window. I compare the APB/HA and its 5-period average. A strong move above its 5-period average is a good sign of price strength and the TDI supporting with momentum. {image} Know when you can break any of the TMS Basic Rules and only with Price Action. Trade Well! EMMANUEL
Dear Emmanuel,

I took the same trade(attached)but I enter after closed of the MC break Candle..Because some times MC candle break but that break candle closed inside the MC candle(Ex-attached).Pls advise the correct method.

And also advise if there is a inside bars after MC candle can I enter a trade after break of inside bar(with TDI confirmation) without wait till break the MC candle.

Thanks,
Helanka
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Helanka
  • #28,826
  • Jan 9, 2014 8:25am Jan 9, 2014 8:25am
USDCHF,a good trade chance.
but lost my 40 points
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  • #28,827
  • Jan 9, 2014 8:37am Jan 9, 2014 8:37am
my GA trade.. 240 +140 +40
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JacekPreserve Precious Capital
  • #28,828
  • Jan 9, 2014 8:42am Jan 9, 2014 8:42am
Quoting Jackub
my GA trade.. 240 +140 +40 {image}

Very very nice
  • #28,829
  • Jan 9, 2014 8:55am Jan 9, 2014 8:55am
Was going to stop at +50 but this one was too good to miss. +50 again. Reaction at h1 trendline, nice cross of tdi lovely step down seen on m5, straight through and closed beneath the tiny support on m5 which was also the bottoms of the previous h1 candles.
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  • #28,830
  • Jan 9, 2014 9:01am Jan 9, 2014 9:01am
Quoting lastingwell
Was going to stop at +50 but this one was too good to miss. +50 again. Reaction at h1 trendline, nice cross of tdi lovely step down seen on m5, straight through and closed beneath the tiny support on m5 which was also the bottoms of the previous h1 candles. {image} {image}


Draghi conf. always makes me shiver and sit on my hands. Maybe now that I'm finally changing my broker I could give it a shot. Hopefully alpari won't screw up as bad as my previous broker during news releases and I could finally give it a go
  • #28,831
  • Jan 9, 2014 9:09am Jan 9, 2014 9:09am
A few people have pm'd me asking about the mtf tdi and the reason I use the 1hr on m5 and m15 to better see the crosses. I took this image of m5 as close as I could to 2 signals on h1, one with the h1 tdi crossing down and the second one with the h1 changing its mind and crossing back up on the same candle. No real reaction can be seen on the h1 tdi, hardly any movement when seeing it on m5, even though with the cross up price had moved quite fast upwards, with the cross down also, the red line was still climbing, then if you compare that with the cross that happened when I took the trade you can see why I have found it really helpful
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  • #28,832
  • Jan 9, 2014 9:34am Jan 9, 2014 9:34am
Some great traders in this thread! Definitely the place to be in FF!

Eur/Jpy is definitely my favourite pair to trade TMS

All the best...
  • #28,833
  • Jan 9, 2014 9:46am Jan 9, 2014 9:46am
Quoting Jackub
my GA trade.. 240 +140 +40 {image}
Now thats how its done, well done!
Give yourself a chance and trade it like it's layed out...
  • #28,834
  • Jan 9, 2014 9:53am Jan 9, 2014 9:53am
Quoting lastingwell
Was going to stop at +50 but this one was too good to miss. +50 again. Reaction at h1 trendline, nice cross of tdi lovely step down seen on m5, straight through and closed beneath the tiny support on m5 which was also the bottoms of the previous h1 candles. {image} {image}
Again well done mate, your making some great pips!

Everyone should look at your examples... yes there is a use of a MTF but it TDI which is the heart of this system and helps us from keep changing TF's
Give yourself a chance and trade it like it's layed out...
  • #28,835
  • Jan 9, 2014 10:12am Jan 9, 2014 10:12am
Following on from my last post, I saw the trade that Jackub posted, it looked excellent and clean, very impressive trade. I could see the entry position was what looked like a straightforward TDI cross and the second entry I'm guessing was a bounce trade, but I didnt understand why the 3rd trade was entered. Hopefully someone can educate me why...a great trade anyway!
  • #28,836
  • Jan 9, 2014 10:57am Jan 9, 2014 10:57am
Hi again, it looks like my first post didnt go. Heres the brief version again:

With the start of the new year I decided to to investigate the TDI TMS system, so I read all the rules as laid out in the orignal because I liked the simplicity the system and of course the apparent profits that everyone seems to have made from it.

What became obvious tho after reading countless posts was that additional indicators appear to have crept in and subtle changes to the original TMS rules too.

Thats good for all you guys out there that get it, but for me the big attraction to the TMS system was its simplicity whch I thought I had a handle on. So, I guess my simple question is are we now really using a modified TMS system, and if we are, could someone share the new improved version with a PDF perhaps. Either way I do like what you guys are achieving on this thread and I just need some pointers if the TMS has now evolved into something better.

Any help from the experienced traders out there on all of that would be much appreciated, and will hopefully enable me and no doubt others to get properly off the ground this year....LL
  • #28,837
  • Jan 9, 2014 10:58am Jan 9, 2014 10:58am
I took the same 3 trades as lastingwell except my 2nd trade was taken at LO. I was not at my computer during the Asian, so I missed that move with the break above the MC. Took the NYO candle following news, after the NYO H1 candle made a double top and then broke below the low of the previous 3 candles.
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  • #28,838
  • Jan 9, 2014 11:01am Jan 9, 2014 11:01am
Quoting Landline
Following on from my last post, I saw the trade that Jackub posted, it looked excellent and clean, very impressive trade. I could see the entry position was what looked like a straightforward TDI cross and the second entry I'm guessing was a bounce trade, but I didnt understand why the 3rd trade was entered. Hopefully someone can educate me why...a great trade anyway!
Hi,

first entry is obvious
second was a green crossing yellow
third is just strong nice momentum, green and red are spreading out, pointing up, why not try to add something??
JacekPreserve Precious Capital
  • #28,839
  • Jan 9, 2014 11:10am Jan 9, 2014 11:10am
Thanks for explaining ur logic Jackub, its appreciated and helps me in a big way to get a handle on how you successful guys think. It was that 3rd trade that I didnt really get at first but I like ur method and it was a great trade...well done
  • #28,840
  • Jan 9, 2014 11:37am Jan 9, 2014 11:37am
Quoting Landline
Thanks for explaining ur logic Jackub, its appreciated and helps me in a big way to get a handle on how you successful guys think. It was that 3rd trade that I didnt really get at first but I like ur method and it was a great trade...well done
Thank you....
JacekPreserve Precious Capital
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