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Trading Made Simple

  • #32,821
  • Mar 18, 2014 5:24pm Mar 18, 2014 5:24pm
Quoting emmanuel7788
It does not matter what your broker server time is. Whether you have a broker with GMT0, GMT+1, GMT+2 or GMT+3. We all trade the same price. There is no such thing as a good TDI cross. A TDI crossed can also uncross because of price volatility. A TDI crossing can turn around too. Trading the markets is about Entries and Exits. There is a lot more to all these than it is simple.
That is not true if the backbone of the TMS is the TDI cross! Then I have been known to be wrong

Maybe the system should be changed to TMD (tongue and cheek to another Aussie -yuk )
  • #32,822
  • Mar 18, 2014 5:29pm Mar 18, 2014 5:29pm
Quoting GilR
{quote} I presume your chart is gmt+2 {image}
I'm on a 5 day NY close.
  • #32,823
  • Mar 18, 2014 5:38pm Mar 18, 2014 5:38pm
Quoting GilR
{quote} That is not true if the backbone of the TMS is the TDI cross! Then I have been known to be wrong Maybe the system should be changed to TMD (tongue and cheek to another Aussie -yuk )
it can be that easy just to trade the TDI cross.

what about this post#261?
Attached Image (click to enlarge)
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there is more to trading TMS than just look for TDI cross.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,824
  • Mar 18, 2014 5:38pm Mar 18, 2014 5:38pm
Quoting bdnfx86
{quote} I'm on a 5 day NY close.
Sorry - the chart looked like gmt+2

Does your 4hr close in 20mins or 1hr 20mins?
  • #32,825
  • Mar 18, 2014 5:42pm Mar 18, 2014 5:42pm
Quoting emmanuel7788
{quote} it can be that easy just to trade the TDI cross. what about this post#261? {image} there is more to trading TMS than just look for TDI cross.
Sure - but it is the "heart of the method" or centre and all else revolves around it.

No TDI cross or bounce then no trade no matter "everything else".

Everything else becomes another system "TMD" (Trading Made Difficult)
  • #32,826
  • Mar 18, 2014 5:46pm Mar 18, 2014 5:46pm
Quoting GilR
{quote} Sorry - the chart looked like gmt+2 Does your 4hr close in 20mins or 1hr 20mins?
1hr 20mins. For me, I try to identify logical areas and wait for tdi confirmation. Having a 2nd look at the EJ, I'll let it wind up and wait for a clear break either way (if I were to take it).

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  • #32,827
  • Mar 18, 2014 5:52pm Mar 18, 2014 5:52pm
Quoting Arete
{quote} If you zoom out you will realize why your trades failed, especially AU/NU shorts, NU is getting close to an all time high, and it a massive uptrend, AU is on the brink of the 913 level. TMS is a great 4hr system/method, however basic understanding of Price action is vital for success, i almost took the AU trade this morning but moved away because of the uptrend. Stay with tms, go over previous successful winners of other traders and compare them to your chart, also at a glance i didn't see the real open/close price on your candle's...

Good post by Arete. I second that: TMS is a great system/method and we all need to learn and apply Price Action to make it work for us.

Both AU and NU were counter-trend trade setups that should be our Plan A. Countrend trades have some risks, it is how we mitigate those added risk which matters and will determine our long term profitablility.

When market proves us wrong and invalidates those trade setups, we take the loss and do the turnaound thing, i.e. to activate Plan B.

In some situations, both Plan A and Plan B will fail.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,828
  • Mar 18, 2014 5:54pm Mar 18, 2014 5:54pm
Quoting GilR
{quote} Sure - but it is the "heart of the method" or centre and all else revolves around it. No TDI cross or bounce then no trade no matter "everything else". Everything else becomes another system "TMD" (Trading Made Difficult)
well then let's not waste time and increase the pages.

let our trading do the talking with charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,829
  • Mar 18, 2014 5:59pm Mar 18, 2014 5:59pm
Quoting emmanuel7788
{quote} well then let's not waste time and increase the pages. let our trading do the talking with charts.
ha!
  • #32,830
  • Mar 18, 2014 6:04pm Mar 18, 2014 6:04pm
Nice cross on GN long
  • #32,831
  • Mar 18, 2014 6:08pm Mar 18, 2014 6:08pm
For those you who are new to this thread Trading Made Simple, my suggestion is that you go back and start reading the 5-Method in this thread Craig Harris Stochastics Method.

Link http://www.forexfactory.com/showthread.php?t=211188
That thread has a lot fewer pages to read to start with.
Then come back to TM thread and read all the 463 posts made by eelfranz.

You will learn the 5-Method and will appreciate why eelfranz named this thread Trading Made Simple.
While reading, focus on those discussions where members discussed the TDI condition cross, crossing, candle1, candle2, candle close, etc. and also who are the members who are conservative traders and those who are aggressive in their entries.

Take your time because learning to be a trader takes time. Learn to be patient. You need a strong foundation to build upon later. I am afraid there is no short-cut. You need to do the work.

regards,

EMMANUEL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32,832
  • Mar 18, 2014 6:10pm Mar 18, 2014 6:10pm
Quoting GilR
Nice cross on GN long

I'm in, SL/TP 50, have to build that confidence back up
War. Is my profession.
  • #32,833
  • Mar 18, 2014 6:14pm Mar 18, 2014 6:14pm
I'm in EURAUD break of pin bar rejecting trend line. Hoping will be able to make some pips off it.
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EURNZD H4 looks like a set up, however, counter trend and testing resistance right now.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #32,834
  • Mar 18, 2014 6:21pm Mar 18, 2014 6:21pm
The TDI hasn't even come close to crossing and giving a signal on GN, EN, & EA pairs. You gents have some mighty ballz. Hopefully it pays off for you as those are ALL no goes for TMS.

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MAY THE PIPS BE WITH YOU!
  • #32,835
  • Mar 18, 2014 6:25pm Mar 18, 2014 6:25pm
GJ H4 consolidating & divergence. Expecting a break higher.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #32,836
  • Mar 18, 2014 6:28pm Mar 18, 2014 6:28pm
Quoting as33156
The TDI hasn't even come close to crossing and giving a signal on GN, EN, & EA pairs. You gents have some mighty ballz. Hopefully it pays off for you as those are ALL no goes for TMS. {image} {image} {image}
Crossed on FXCM's 1800 candle for me.
War. Is my profession.
  • #32,837
  • Mar 18, 2014 6:32pm Mar 18, 2014 6:32pm
Quoting Direwolf
GJ H4 consolidating & divergence. Expecting a break higher. {image}
It's consolidating between areas that have acted as S/R since Nov/Dec repeatedly. I'd love a break higher on that.
War. Is my profession.
  • #32,838
  • Mar 18, 2014 6:35pm Mar 18, 2014 6:35pm
Quoting as33156
The TDI hasn't even come close to crossing and giving a signal on GN, EN, & EA pairs. You gents have some mighty ballz. Hopefully it pays off for you as those are ALL no goes for TMS. {image} {image} {image}
Different gmt charts
  • #32,839
  • Mar 18, 2014 6:38pm Mar 18, 2014 6:38pm
Quoting bdnfx86
{quote} 1hr 20mins. For me, I try to identify logical areas and wait for tdi confirmation. Having a 2nd look at the EJ, I'll let it wind up and wait for a clear break either way (if I were to take it). {image}
Looks like EJ may slip south and hopehully EU north
  • #32,840
  • Mar 18, 2014 6:39pm Mar 18, 2014 6:39pm
Wow thats big of a difference thats crazy. Looking at my charts it would take 2 more 4hr candles for it to maybe to give a signal. The only one that has the potential to give me a signal really soon is GJ.
MAY THE PIPS BE WITH YOU!
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