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Trading Made Simple

  • #32,381
  • Mar 14, 2014 9:42am Mar 14, 2014 9:42am
After trouble shooting the Installation problem/s, I could take ONLY two trades, since yesterday ...
EU gave 80 Pips .... EJ gave 75 Pips ... Both Short on 4H ... Following TDI Rules to the T ....
On a 1000$ account ... with 2, .1 trades ... My account is up by 15.5% ....
Now I know ... Why Grand PooPaw wanted all of us to have Wheel barrow ....
  • #32,382
  • Mar 14, 2014 10:31am Mar 14, 2014 10:31am
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.
Hi

What are the best pairs in your experience that goes well with TMS specially am trading the H1 chart?

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #32,383
  • Mar 14, 2014 10:55am Mar 14, 2014 10:55am
Quoting adikashyap
After trouble shooting the Installation problem/s, I could take ONLY two trades, since yesterday ... EU gave 80 Pips .... EJ gave 75 Pips ... Both Short on 4H ... Following TDI Rules to the T .... On a 1000$ account ... with 2, .1 trades ... My account is up by 15.5% .... Now I know ... Why Grand PooPaw wanted all of us to have Wheel barrow ....
Congrats on the PIPS! Just make sure to buy an industrial grade wheelbarrow.
MAY THE PIPS BE WITH YOU!
  • #32,384
  • Mar 14, 2014 10:59am Mar 14, 2014 10:59am
Quoting emmanuel7788
{quote} quite a lot had been done already leaving very little yet unexplored ideas. http://www.forexfactory.com/showthread.php?t=294327 and some more in the Synergy_Pro version.
There is also a TMS EA thread I think, but not much activity for a while.
  • #32,385
  • Mar 14, 2014 11:21am Mar 14, 2014 11:21am
Quoting Direwolf
{quote} Wait, I thought it's best to buy when (apart from the crosses) TDI is sloping up from over sold (30) and sell when TDI is sloping down from over bought. And I missing something?
I have adapted to trading long with TDI (I use RSI 7,13 MB trading doesn't accept TDI) green above red and reverse no matter where on the scale it shows, but I trade 1h charts. Probably coming up from bottom and down from top would be optimum.
  • #32,386
  • Mar 14, 2014 11:28am Mar 14, 2014 11:28am
Quoting Direwolf
{quote} Wait, I thought it's best to buy when (apart from the crosses) TDI is sloping up from over sold (30) and sell when TDI is sloping down from over bought. And I missing something?
According to Synergy guide, best entry is when, as you said, for buy yellow line (market base line) is raising between 32 and 50 but green line is > 50
Attached the guide.

What do you think?
Attached File(s)
File Type: pdf SYNERGY_Basic_2012.pdf   3.9 MB | 3,081 downloads
  • #32,387
  • Mar 14, 2014 11:31am Mar 14, 2014 11:31am
Quoting emmanuel7788
{quote} quite a lot had been done already leaving very little yet unexplored ideas. http://www.forexfactory.com/showthread.php?t=294327 and some more in the Synergy_Pro version.
Thanks emmanuel, I knew there should be something out there. I will check it out
  • #32,388
  • Mar 14, 2014 11:34am Mar 14, 2014 11:34am
Quoting dotnetfreak
{quote} According to Synergy guide, best entry is when, as you said, for buy yellow line (market base line) is raising between 32 and 50 but green line is > 50 Attached the guide. What do you think? {image}
If you read Eelfranz's comments, the reason he traded the way it is in TMS, is because he found trading the synergy way was too conservative and he missed too many pips.
  • #32,389
  • Mar 14, 2014 11:35am Mar 14, 2014 11:35am
Quoting dforant1
{quote} I have adapted to trading long with TDI (I use RSI 7,13 MB trading doesn't accept TDI) green above red and reverse no matter where on the scale it shows, but I trade 1h charts. Probably coming up from bottom and down from top would be optimum.

I use MB trading and they do accept the tdi indicator. you must be using one of their other trading platforms. I use mt4 with them.
MAY THE PIPS BE WITH YOU!
  • #32,390
  • Mar 14, 2014 12:27pm Mar 14, 2014 12:27pm
Quoting dotnetfreak
{quote} According to Synergy guide, best entry is when, as you said, for buy yellow line (market base line) is raising between 32 and 50 but green line is > 50 Attached the guide. What do you think? {image}
Hi

Since I read about you are willing to code some indis , I wanted to ask you if its any possible to code an indicator that shows where price at the moment in all time frame, if price is above EMA 10, then it shows the time frame initial in blue color, and vise versa, if price is below EMA then it shows the initial red color

For example M1 - M5 - M15 - M30 - H1 - H4 - D1 - W1 - MN

If itsnt possible or am asking a lot, pls have my sincere apologies, many thanks
I Have Learned to Take Some Losses to Make Profits
  • #32,391
  • Mar 14, 2014 12:30pm Mar 14, 2014 12:30pm
Well my trading week is now finished to the tune of 788 PIPS in profit

What makes it even more insane is the fact that if I would have let my profits run I could have collected over 1300 pips this week.

I trust everyone was able to fill their wheelbarrows this week? Thanks to all the contributors on this forum. You make trading knowledgable, profitable, and most important enjoyable!

Happy Hour Starts NOW!!!!!!!!
MAY THE PIPS BE WITH YOU!
  • #32,392
  • Mar 14, 2014 12:36pm Mar 14, 2014 12:36pm
Quoting TheScorpS
{quote} Hi What are the best pairs in your experience that goes well with TMS specially am trading the H1 chart? Thanks
Bro I don't trade H1 charts and for h4 charts following pairs provide good swings, have reasonable spread with my broker, more reliable and clear signals for TMS.

E/U, A/U, A/J, E/A, E/J, E/C, E/N, G/A, G/J, G/U

These 10 pairs would be enough for generating at least 5 A++++ setups for a week with more than 100 pips per trade.
I am not random, U just can't think as fast as me....
  • #32,393
  • Mar 14, 2014 12:47pm Mar 14, 2014 12:47pm
Quoting as33156
{quote} I use MB trading and they do accept the tdi indicator. you must be using one of their other trading platforms. I use mt4 with them.
tried getting several of the TDI indicators into indicator folder and won't even paste. RSI 7, 13, is close I guess. Using MB's MT4 platform.
  • #32,394
  • Mar 14, 2014 12:49pm Mar 14, 2014 12:49pm
Quoting dforant1
{quote} tried getting several of the TDI indicators into indicator folder and won't even paste. RSI 7, 13, is close I guess. Using MB's MT4 platform.
You need to do a live chat with MB next week so they can help you sort out the issues then you will be firing on all cylinders. Best of Luck!
MAY THE PIPS BE WITH YOU!
  • #32,395
  • Mar 14, 2014 1:00pm Mar 14, 2014 1:00pm
Quoting irishtoffy
{quote} This is what my charts from FXCM Uk look like on EJ, after yesterdays move. Quite different to yours no doubt! irishtoffy
FXCM's newest live MT4 server has New York Close charts, but our other MT4 servers are still set to GMT http://www.forexfactory.com/showthre...33#post7215433
  • #32,396
  • Mar 14, 2014 3:45pm Mar 14, 2014 3:45pm
Quoting as33156
{quote} Hi TP123, That is a no trade for me because it's currently on its 2nd blue candle and the tdi has only just crossed meaning I would have to wait for the 2nd blue candle to finish. Which would mean I would only be able to get in on the 3rd blue candle. Since I only trade on the completion of the first blue or red candle and enter on the 2nd blue or red candle I can't take the trade. I always wait for the 4hr candle to finish before I enter a trade and I never enter on a 3rd blue or red candle. however your trade looks like it has some room...
Thank you as33156 for your showing how you enter trades

Couple of questions.

What is the GMT offset of your broker?

How do you set targets?

Do you ever get out of trade before target and why?

How do you manage a losing trade and SL?

Thanks

Gil
  • #32,397
  • Mar 14, 2014 5:00pm Mar 14, 2014 5:00pm
Quoting Piprader
{quote} Hi Fx94 if you click on the paper clip at the top of this page then click on Name and select page 9 you will find what you are looking for .... There is a host of pdf and other Information to keep you going for your Trading Journey , ENJOY
Thank you
  • #32,398
  • Mar 14, 2014 5:25pm Mar 14, 2014 5:25pm
Quoting GilR
{quote} Thank you as33156 for your showing how you enter trades Couple of questions. What is the GMT offset of your broker? How do you set targets? Do you ever get out of trade before target and why? How do you manage a losing trade and SL? Thanks Gil
You're Welcome GilR!

My broker is -5 GMT offset. I normally set a TP of 100 pips for every trade. Since I use a trailing stop of 40 pips if the market reverse and touches my Trailing stop I will exit the trade via my Cave_Manager EA earlier then my TP target if I'm sleeping. This rarely happens though. If I'm up I will adjust my TS up or down if the market is in a pullback and I think it will continue going my way after the pull back is finished.

For my stoploss it's set to the low or the high 2 candles back from the candle I got in the trade. So If I got in a trade at 4pm I would use the high or low from the 8am candle. When the trade moves 30 pips in my favor I have it where Cave-Manager automatically moves my SL to 1 pip in profit to cover my commissions.

Best Of Luck!
MAY THE PIPS BE WITH YOU!
  • #32,399
  • Mar 14, 2014 7:17pm Mar 14, 2014 7:17pm
Quoting hostwey
{quote} There is also a TMS EA thread I think, but not much activity for a while.

yes, I have seen the TMS ones. I used one of them and created a system back-testing tool.

The one by Steve Hopwood had been discussed a lot in the past but at the end, none of the auto-trading robots Expert Advisors EAs will not work. Reason is simple, trading TMS requires discretionary decisions and robots cannot do that.
Running those EAs will show you why trading every TDI cross will lead to long term losses.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,400
  • Mar 14, 2014 8:02pm Mar 14, 2014 8:02pm
Folks,

I just caught up with reading this week's post and reading quite a fair bit of talk about different broker server time and different H4 candles, etc.....
We have been though these in the past. I know this thread is getting too big for some to read all the posts.
But let me say this:
It does not matter if you use the same charts with the same broker server time as eelfranz' . He used FXDD which is now GMT+3 sever time.
You can follow exactly his trading hours checking his charts at every 4 hours his local time.
The end results will be you achieve the same trading results as he did in the way he traded.
You need to know the type of trader he was and why he traded in the way he did.

It is not about TMS signals because we are not trading signals on our charts. Many still don't get this or it is just the word 'trade signals' that bugs me.
There is a wide range knowledge you need have to become a successful trader. That took eelfranze more than 2 years to develop this TMS method. He studied other systems and methods, and he traded for many years before he developed TMS. He developed TMS which gave him 70% to 80% win rate.
Trading Made Simple is a technical method and not a system. It evolved from another method. That is why it is aptly named is trading made simple because it is relatively simple compared to the other methods.

You need to ask yourself what are you missing. Why are you not getting positive trading results. How far are you in achieving and maintaining a win rate of 70%. If you have not and is not maintaining this high win rate after 100, 200 and 300 trades, please forget about those 'wheel barrow' talks. Trading to achieve financial freedom is a long term business. I have seen many people come here and post some very proftable trades for a few months and then they dissappeared. Some went on to other FF threads and start all over trying all other kind of stuff. I get many PMs people sharing with me their situations, experience, problems, etc. and I see in general all the same reasons why people don't succeed in trading. Investment and trading textbooks, will tell you all the same reasons why people fail and trading coaches, gurus, market experts, will tell you the same reasons why 95% ( or is it 93%) of traders will lose money.

There is a lot of work you need to do before you want to start trading with your hard-earned money thinking that you can make money to supplement your fulltime job income. It will take time, 3 years and maybe even more. That depends on how much time you have to spend each day and what you spend those time on. Does 10,000 hours scare you? Of course that number of hours will scare anyone who does not know what he/she need to do in those 10,000 hours. You need to have a structured content to follow to learn and develop yourself to become a successful trader.

Spend time and think this over.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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