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Trading Made Simple

  • #30,941
  • Feb 17, 2014 2:45am Feb 17, 2014 2:45am
Hey guys,
Great thread! Just wanted confirmation with the 5ema, do you use it with settings of typical shift 2, or shift 3? What works better?
The heiken ashi candles need to cross and close above of the 5ema (for longs), but I've noticed that you miss many setups as there might not be a cross of the 5ema (just an open and close both above the 5ema).
  • #30,942
  • Feb 17, 2014 3:12am Feb 17, 2014 3:12am
Quoting forexpiet
{quote} Hello Emmanuel, Thanks for this simple answer! Let me add to the original question: are you trading the "original" version of TMS like described in the beginning of the thread? Seems people are adding to TMS while the originator stipulated to keep it simple i.e. the way it was designed to work. When using the original system do I have (such) an edge which can make at trader be profitable in the long run provided I trade it like designed? Could enyone else trading the original TMS please react on this? Thanks (for keeping this thread kicking...

Allow me to add some comments here while we wait for other traders who trade the original method reply.

Trading Made Simple + 'Keep It Simple' will not give you the winning edge over the market.

Go back to CHS method click link and learn the 5-Method and the 21/233 Method there , then come back to this thread where we discuss only the 5-Method.

What then is your winning edge?

Perhaps, my reply to that earlier post by FF member athan00 should have been:

Any One make money .... YES
Every One make money ... NO
Some One make money ... YES
No One make money ... NO

Trade Well folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,943
  • Feb 17, 2014 3:29am Feb 17, 2014 3:29am
Hi traders. I'm still fairly new to this strategy. Just want to know what some of you think about the AUDUSD right now. It has bounced down a bit from a past resistance level but looks like it could be turning back up again and is in a very strong overall uptrend. What do you think of a buy on the 1H tf if there is a cross on TDI and change of color?
  • #30,944
  • Feb 17, 2014 4:07am Feb 17, 2014 4:07am
GJ 4 hour

Is this a good trade?

Everything looks good on the 4 hour....!!

What's the daily look like?
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Give yourself a chance and trade it like it's layed out...
  • #30,945
  • Feb 17, 2014 4:34am Feb 17, 2014 4:34am
Quoting Bizzzle
GJ 4 hour Is this a good trade? Everything looks good on the 4 hour....!! What's the daily look like? {image}
I see 171.00 needs a strong buyers push from below to overcome that level.
D chart candles will show you that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,946
  • Feb 17, 2014 4:44am Feb 17, 2014 4:44am
Quoting emmanuel7788
{quote} I see 171.00 needs a strong buyers push from below to overcome that level. D chart candles will show you that.
We are still in a strong uptrend on the daily, so selling here is not a very high probability trade!

For me its better to wait for the change of trend to be confirmed before jumping in on a short...

Also market makers have to gain more sellers to be able to push the market up some more!
Give yourself a chance and trade it like it's layed out...
  • #30,947
  • Feb 17, 2014 5:01am Feb 17, 2014 5:01am
This is my first post on Forex Factory and I've been lurking for a while. I love this thread and was quite sad when I read the OP was no longer with us.

Now trading this as it was fairly similar to the heiken-ashi/stochs system I was trading. The only thing I've added to the charts are supply/demand and a rainbow indicator which reminds me of overall trend, and as a secondary indicator to the TDI/stochs/Price actions. sometimes we get some nice bounces off it.
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  • #30,948
  • Feb 17, 2014 5:20am Feb 17, 2014 5:20am
Quoting olly93
Hi traders. I'm still fairly new to this strategy. Just want to know what some of you think about the AUDUSD right now. It has bounced down a bit from a past resistance level but looks like it could be turning back up again and is in a very strong overall uptrend. What do you think of a buy on the 1H tf if there is a cross on TDI and change of color?

olly93:

please post your chart and show where you see support and resistance.
if there is support on H1 chart and we see a H1 bullish reversal at support, then I will consider a H1 buy. The last H4 looks too bearish.

we have US bank holiday today, so liquidity may be thin and I have my doubt if there is any movers of the aussie in later on. We never know.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,949
  • Feb 17, 2014 5:27am Feb 17, 2014 5:27am
Here is my H4 AUDUSD chart FWIW. Think this would have been a sell under TMS 'rules' I didn't trade it, but looking at the Daily AUDUSUD 'might' turn down again (approaching Daily 100 SMA).
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  • #30,950
  • Feb 17, 2014 5:50am Feb 17, 2014 5:50am
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  • #30,951
  • Feb 17, 2014 5:53am Feb 17, 2014 5:53am
Quoting hostwey
Here is my H4 AUDUSD chart FWIW. Think this would have been a sell under TMS 'rules' I didn't trade it, but looking at the Daily AUDUSUD 'might' turn down again (approaching Daily 100 SMA). {image}

On H4 chart, we see that TMS H4 setup at the Prev W high.
On D chart , 0.9045 is also the highest Close price (not the highest high) in Jan 2014. That is confluence with a Historical swing level 0.9041 seen in the W1 chart.
Good reason to look for sell at that resistance but it is still counter trend to a Weekly bullish candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,952
  • Feb 17, 2014 6:22am Feb 17, 2014 6:22am
Quoting emmanuel7788
{quote} olly93: please post your chart and show where you see support and resistance. if there is support on H1 chart and we see a H1 bullish reversal at support, then I will consider a H1 buy. The last H4 looks too bearish. we have US bank holiday today, so liquidity may be thin and I have my doubt if there is any movers of the aussie in later on. We never know.
Thanks for your reply emmanuel. Price has bounced off a significant resistance level where the blue line is but the overall trend is bullish and looks like it may be about to resume as it has just made a double bottom and TDI on the 1 hour is just about to cross. What do you think?

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  • #30,953
  • Feb 17, 2014 6:27am Feb 17, 2014 6:27am
AUDUSD Daily showing 100 SMA (blue line) + Supply/Demand areas
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  • #30,954
  • Feb 17, 2014 6:57am Feb 17, 2014 6:57am
Quoting olly93
{quote} Thanks for your reply emmanuel. Price has bounced off a significant resistance level where the blue line is but the overall trend is bullish and looks like it may be about to resume as it has just made a double bottom and TDI on the 1 hour is just about to cross. What do you think? {image}

Here is my H4 chart.

You mention H1 double bottom, but two candles don't make a good a double bottom. I prefer to see 4 candles for a double bottom, what we want to see is a 'W' shape pattern with candlestick or bars to see a double bottom.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #30,955
  • Feb 17, 2014 8:14am Feb 17, 2014 8:14am
Hi,

I have a question on the action once the H4 candle closes.
Pls check my below example: The 2nd red candle closes with a TDI direction of 16:00. So I would maintain the position.
However on open of the 3rd red candle, the TDI shows more or less immediately an initial 14:00 TDI which usually would mean to leave as it is a “hook over”.

Now, what do I pay attention to really here: TDI direction at the close of the 2nd candle? Which means I hold and check again in 4 hours on how TDI looks at the end of the 3rd candle.

So is it always the TDI direction at the end of the current candle..... or you take a sneak-peek and consider as well the TDI at open of next candle ?

Thanks,



http://imagizer.imageshack.us/v2/640...0/850/q682.png
  • #30,956
  • Feb 17, 2014 8:26am Feb 17, 2014 8:26am
entered GU early today for a +30pip pick still moving down right now
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  • #30,957
  • Feb 17, 2014 8:34am Feb 17, 2014 8:34am
I have been studying the Elliot Wave PDF that Emmanuel so very kindly uploaded for us , and would welcome any comments ( good or bad )
about my attempt to mark up the chart . I try hard to learn , but I am old ( I used to have roast dinosaur for dinner when I was a kid ) so any help much appreciated.
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  • #30,958
  • Feb 17, 2014 10:26am Feb 17, 2014 10:26am
Attached File(s)
File Type: rar TMS Channel MTF.rar   27 KB | 465 downloads


HERE I SHARING THE MTF CHANNEL
TMS SHI Channel MTF
HOPE THAT HELPING ALL TRADERS

TRADE WELL
  • #30,959
  • Feb 17, 2014 12:57pm Feb 17, 2014 12:57pm
Simulation AUDUSD 2010 Januari

To gain experience I started a simulation on AUDUSD.
In the screenshot you see my entries marked with vertical lines. Green = no loss. Red = loss. First yellow line: missed positive trade. Second yellow line: negative HA bar, TDI pointing up so no trade. As in the past I had (and I still do have) troubles reading PA I started to trade every TDI signal as described. I do this to learn not to think / expect the market something to do but "just trade on a signal". Maybe form this excercise I will learn and see what works and what not and when.

Feel free to comment.
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Posting Demo charts, mirroring some of them live.
  • #30,960
  • Feb 17, 2014 1:51pm Feb 17, 2014 1:51pm
Interesting thing we see here. When london session opened the price made a big gap. Perhaps some big boys bought E/J, because a normal trader can´t cause such a big difference gap.

What do you thing ? Is E/J going bullish/ bearish next time ? No big move today ;(

Best regards,

Fx94
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