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Trading Made Simple

  • #32,341
  • Mar 14, 2014 1:28am Mar 14, 2014 1:28am
Quoting Dehyah
{quote} How much percentage you risk per trade?
Less then 1% per trade since I get in so many.
MAY THE PIPS BE WITH YOU!
  • #32,342
  • Mar 14, 2014 1:37am Mar 14, 2014 1:37am
Quoting as33156
{quote} Less then 1% per trade since I get in so many.
That means you may have up to 3 or 4 trades open at times.
With God all things are possible.
  • #32,343
  • Mar 14, 2014 1:45am Mar 14, 2014 1:45am
Does anybody has tried to code an indicator that raises alarms/emails?

Im thinking on coding one that raises an alarm when certain rules of the TMS strategy are valid.
For example:
TDI crosses red and yellow and value is betweel 50-70 (buy) - 30/50 (sell) AND Candle crosses above/below MA5

Maybe someone did this already, if not I will code it
  • #32,344
  • Mar 14, 2014 1:45am Mar 14, 2014 1:45am
When you said line chart...what do you me, please? and how can i get the line chart. Because i saw a line that look like an indicator...could you please tell me how you generate the line.
  • #32,345
  • Mar 14, 2014 1:49am Mar 14, 2014 1:49am
Quoting Greenb
{quote} the difference is that it was at the start of the week. this is end of week. if im not mistaken end of week bias is to always follow the previous day trend.
Good tip, watching TDI behavior at the moment its identical to the move I posted, will see what LO brings in

So am keeping Plan A and B
I Have Learned to Take Some Losses to Make Profits
  • #32,346
  • Mar 14, 2014 2:03am Mar 14, 2014 2:03am
Quoting Dehyah
{quote} That means you may have up to 3 or 4 trades open at times.
Indeed! I will be in up to 6 trades at a time if they give a signal. The cash I make here just covers my golf & italian sports car addictions. I'm 33 and retired so not looking to take massive risk as I don't plan on ever having to work again for the rest of my life except on my side ventures.
MAY THE PIPS BE WITH YOU!
  • #32,347
  • Mar 14, 2014 2:23am Mar 14, 2014 2:23am
Quoting adikashyap
{quote} I Trust YOU have actually taken over the Mentor ship of this thread after Grand PooPaw passed away ... God Bless you .... All you people are so very Selfless ....
this forum and especially the people here are priceless. only good karma...

@Emmanuel: thx, it starts to get clearer for me
  • #32,348
  • Mar 14, 2014 2:32am Mar 14, 2014 2:32am
As33156 ,

I have one question. You take signals only from 4hr charts when the candle is closed or you take a look on Lower Time Frames if there is an earlier signal.

Many thx to Emmanuel keeping this thread alive.
  • #32,349
  • Mar 14, 2014 3:12am Mar 14, 2014 3:12am
Quoting as33156
NZDUSD & AUDUSD are potential SHORTS at 4pm as they are currently crossing on the TDI on the 1st candle. So if they confirm at 4pm we can jump in on the 2nd candle and hopefully they will tank like the Jap pairs did at noon. However the trend maybe worn out and you could face a steep retrace. They have already dropped a lot. But so did EJ before we jumped in and broke it's back. I'm debating whether or not to takes these two trades at 4pm. I'm sort of a Greedy MoFo But I think I want to enjoy a night out with the lady without thinking about the charts. More Money! More Problems! Best of Luck for whoever takes them. EJ IS TRYING TO GIVE US 200 PIPS PROFIT. THE FORCE IN STRONG IN THAT ONE!
Taken this trade last night , just checked it hit first tp of 30 pips and remaining position stalling around 25 to 30 pips.
moved stop loss to break even .
I am not random, U just can't think as fast as me....
  • #32,350
  • Mar 14, 2014 3:19am Mar 14, 2014 3:19am
Quoting alex8585
As33156 , I have one question. You take signals only from 4hr charts when the candle is closed or you take a look on Lower Time Frames if there is an earlier signal. Many thx to Emmanuel keeping this thread alive.
Hi Alex,

I only look at and trade 4hr charts.
MAY THE PIPS BE WITH YOU!
  • #32,351
  • Mar 14, 2014 3:21am Mar 14, 2014 3:21am
Quoting thinkpad123
{quote} Taken this trade last night , just checked it hit first tp of 30 pips and remaining position stalling around 25 to 30 pips. moved stop loss to break even .
Awesome man! Its some easy money! To bad they stalled though.
MAY THE PIPS BE WITH YOU!
  • #32,352
  • Mar 14, 2014 3:22am Mar 14, 2014 3:22am
Quoting as33156
{quote} Hi Alex, I only look at and trade 4hr charts.
Hi As33,
Do you trade first 3 4H candles of the day or whenever TDI crosses?
Thanx.
Those who know don't talk. Those who talk don't know.
  • #32,353
  • Mar 14, 2014 3:32am Mar 14, 2014 3:32am
Quoting heispark
Any idea about EA ??
I just entered in this trade, waited for a little pullback for entry.
Good cross
With the trend
Bullish engulfing candle
High of master candle broken
Triple Bottom
Overall good trade to enter

Attached Image (click to enlarge)
Click to Enlarge Name: ea.PNG Size: 45 KB
I am not random, U just can't think as fast as me....
  • #32,354
  • Mar 14, 2014 3:41am Mar 14, 2014 3:41am
Quoting thinkpad123
{quote} I just entered in this trade, waited for a little pullback for entry. Good cross With the trend Bullish engulfing candle High of master candle broken Triple Bottom Overall good trade to enter {image}
Looks good. Too bad my IG has 7 pips spread on this pair...
Those who know don't talk. Those who talk don't know.
  • #32,355
  • Mar 14, 2014 3:42am Mar 14, 2014 3:42am
Quoting as33156
New lows on the EJ trade! It's inching its way to 200 pips profit. it's at 160 right now. Hopefully EU news in 44 minutes will break its back for us. The NZDUSD trade seems to be a dud. I'm pulling the trigger on it with a small profit of 4 pips. With AUDUSD my SL was moved to breakeven so I can let it ride and do its thing. Easy money everywhere this week!
I back tested nzd/usd and found its not a great pair to trade with tms. So i would suggest you to pass on it and look for a replacement.
I am not random, U just can't think as fast as me....
  • #32,356
  • Mar 14, 2014 3:50am Mar 14, 2014 3:50am
Quoting hugecat
{quote} Looks good. Too bad my IG has 7 pips spread on this pair...
Thats a huge spread on this pair, My broker gives 2 to 3 pips spread.
I have a wide spread on pairs like G/C, G/N which i have removed from my trade list because of huge spread.
I am not random, U just can't think as fast as me....
  • #32,357
  • Mar 14, 2014 3:51am Mar 14, 2014 3:51am
Quoting lastingwell
{quote}Sometimes the gmt server will signal first and sometimes the ny timing broker will signal first, you can either concentrate on one broker and trade what you see, or you can open both brokers charts and trade both in which case you would look at the charts every 2 hours instead of every 4. There is a difference because their start times of the day are different so the 4 hour chart will obviously be different.
But the question is still there, which one is more reliable for TMS ?
I am not random, U just can't think as fast as me....
  • #32,358
  • Mar 14, 2014 3:52am Mar 14, 2014 3:52am
Quoting thinkpad123
{quote} Thats a huge spread on this pair, My broker gives 2 to 3 pips spread. I have a wide spread on pairs like G/C, G/N which i have removed from my trade list because of huge spread.
Yeah, I'm happy with my broker so far and all spreads are normal but E/A. Don't know why. The pair has nice swings...shame.
Those who know don't talk. Those who talk don't know.
  • #32,359
  • Edited 4:13am Mar 14, 2014 4:01am | Edited 4:13am
Quoting hugecat
{quote} Hi As33, Do you trade first 3 4H candles of the day or whenever TDI crosses? Thanx.
Hi hugecat,


I trade every 4hr candle around the clock. I have alarms on my iphone for 11:45pm, 3:45am, 7:45am, 11:45am, 3:45pm, 7:45 pm when I hear an alarm I get my laptop and scan all charts for potential trades before the new 4hr chart appears. If there are no potential trades I go back to doing whatever I was before my alarm sounded. If I do see a potential trade I wait till the new 4hr chart appears then I enter a market order and adjust my cave-manager EA. I then leave and do whatever I was doing before my alarm sounded unless the market is moving fast in my favor or i'm bored then I will watch it or chat with you guys for a little bit.

I prefer to set trades and forget them. I don't like to watch my money going up and down its bad for your health. If I have open trades I do the same thing over. Whenever I hear an alarm I check the charts for new potential trades and look at my current open positions to see how they are doing. Once I have done that I go back to doing whatever i was doing before my alarmed sounded.

It's like a very profitable groundhogs day. Every 4hr I'm a little bit richer. Some 4hrs a lot richer! Stress free trading at its finest.
MAY THE PIPS BE WITH YOU!
  • #32,360
  • Mar 14, 2014 4:01am Mar 14, 2014 4:01am
Quoting thinkpad123
{quote} I back tested nzd/usd and found its not a great pair to trade with tms. So i would suggest you to pass on it and look for a replacement.
This is untrue on so many levels.

N/U is in a massive uptrend, clearing all channel tops and resistance areas on the way up, TMS 4HR is effectively picking tops/bottoms, there have been many opportunities with 4hr TMS to hop on the train and ride it upwards, if you attempted to short, you would of been slaughtered yes.
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