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Trading Made Simple

  • #34,421
  • Mar 31, 2014 4:56pm Mar 31, 2014 4:56pm
Quoting MartC
{quote} Hey...just a quick question...does 'BUY when green above red amd above yellow, SELL when green below red, below yellow, use the PAC and look at the candles and their size' work for higher timeframes too? What would be the ideal TDI signals for the H4 - D? Thanks
Hi MartC:

You will find Zoopots reply below:

Quoting Zoopots
{quote} As previously mentioned in the thread: For a Buy: Green over Red over Yellow (with green pointing towards 2 o'clock and not "fighting" the slope of yellow) For a Sell: Green under Red under Yellow (with green pointing towards 5 o'clock and not "fighting" slope of yellow") {image}
What I want to add is when I trade the weekly 4H swing, I will find many trade setups (REVERSALS) when the TDI Green crosses the Red but they are far away either below or above the MBL yellow line. But I pick those reversal early using PA candlestick patterns and chart patterns, and decide on my trade entry and let the TDI confirms the reversal PA.

But when the TDI Green and Red move above the MBL Yellow, that is when most trade setups are CONTINUATION type of trades i.e. the trend has been established.

This same TDI characteristics is also true for D chart. Look at history charts and you can see how often these occur. Remember we must see both the Price Action and its Momentum using both the Price and the RSI(TDI).

Learn the RSI using the book- "RSI:The Complete Guide" by John Hayden.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,422
  • Mar 31, 2014 5:12pm Mar 31, 2014 5:12pm
Quoting Zoopots
{quote} As previously mentioned in the thread: For a Buy: Green over Red over Yellow (with green pointing towards 2 o'clock and not "fighting" the slope of yellow) For a Sell: Green under Red under Yellow (with green pointing towards 5 o'clock and not "fighting" slope of yellow") {image}
Awesome...thanks for the help. Those images are going in my journal which is getting bigger by the day!
Thanks
  • #34,423
  • Mar 31, 2014 5:14pm Mar 31, 2014 5:14pm
Hi, I'm new to this method - when the rules say trade in the same direction as the TDI, is that the green line or the red.
  • #34,424
  • Mar 31, 2014 5:15pm Mar 31, 2014 5:15pm
AUDCAD;

For those trying to short this pair, the bullish rally had not ended yet.
WAIT ... for a reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD week 14 - W1 chart.png Size: 48 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,425
  • Mar 31, 2014 5:18pm Mar 31, 2014 5:18pm
Quoting emmanuel7788
{quote} Hi MartC: You will find Zoopots reply below: {quote} What I want to add is when I trade the weekly 4H swing, I will find many trade setups (REVERSALS) when the TDI Green crosses the Red but they are far away either below or above the MBL yellow line. But I pick those reversal early using PA candlestick patterns and chart patterns, and decide on my trade entry and let the TDI confirms the reversal PA. But when the TDI Green and Red move above the MBL Yellow, that is when most trade setups are CONTINUATION type of trades i.e. the trend has...
As you suggested I am working my way through the compassfx stuff and also looking at RSI...hence the question for confirmation on the Green cross Red and MBL. I also back tested a couple of months [2010 on the H1] looking for the setups. What became obvious was the need for SR and PA too, aswell as APB and PAC. Just wanted to make sure I'm headed in the right direction. So thanks again...and sorry if I keep firing stupid questions at you all
  • #34,426
  • Mar 31, 2014 5:30pm Mar 31, 2014 5:30pm
Quoting redleader
Hi, I'm new to this method - when the rules say trade in the same direction as the TDI, is that the green line or the red.

hey redleader,

are you the same one we see at Anfield?

yes, the general rule is to trade in the direction of the TDI Green over Red over Yellow for Buy, the reverse order for Sell.

but, you need to know and apply the Multi-Time Frame Analysis.

Know the trend of the moment when you trade. When you trade in the direction of the higher TF trend, the probability is higher but you need to take care of the higher TF volatility.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,427
  • Mar 31, 2014 5:33pm Mar 31, 2014 5:33pm
emmanuel that is very kind of you, i am quite touched that you would say something like this

what level im on is that ive messed around with EA's for too long and sort of half cocked tried manual trading, hoping that eventually some EA or combination would untimately lead me to not having to do the actual hard work of learning trading. im at a level where i literally dont know where to start, ive read books, watched videos etc but its all been a bit unstructured.

the attraction of ricks course is that its a ground up, 'turnkey' education course. like he says in his introductory video, what other profession would a person expect not to pay for a good education, to do structured hard work, a trade that he subsequently expects to pay him well? only in he business of trading. and the way he mentions a lot of people not knowing where to start. eg you dont start trying to become proficient at math by going straight into advanced calculus, but a lot of people approach trading like that

i will ruminate and consider. for me , TMS is not a trading system per se but part of a method, the rest has to be fleshed out



Quoting emmanuel7788
{quote} I have not taken the excel course but I hear a few good comments about it. But, if you are struggling with consistency, then it is a specific 'problem' (if I may use this term) and yu need to find the reasons for your inconsistent results. I had said it before; 1) work on your entry and exits rules, define them clearly.... must be simple and smart rules. 2) work on your own discipline in following your own rules in 1) above.... execution is key. I am quite sure it wil put you in the right direction..... transformation. When you want to spend...
  • #34,428
  • Mar 31, 2014 5:34pm Mar 31, 2014 5:34pm
Quoting Phx62
Two trades today on EA H1....one loser and one winner. A new channel is forming so neither of the trades were taken with profit targets at channel lines.{image}
Nice to see you lose one. Proves you are human after all.
We're all just one trade away from humility.
  • #34,429
  • Mar 31, 2014 6:02pm Mar 31, 2014 6:02pm
Quoting Drewas
{quote} Nice to see you lose one. Proves you are human after all.
I don't think it's ever nice to see people lose unless they are jerks which Phx62 doesn't seem to be. I would prefer him never to lose and be thought of as a demi-god of sort. But don't mind me I'm just one of those head in the clouds type who are happy for those who succeed even when I fail.
MAY THE PIPS BE WITH YOU!
  • #34,430
  • Mar 31, 2014 6:10pm Mar 31, 2014 6:10pm
Quoting Drewas
{quote} Nice to see you lose one. Proves you are human after all.
Drewas,
Sorry if I have painted a picture that I never have losses. I posted the one today just because I had pulled it up to the chart to review for myself why it had failed. I regularly have small losses but see no real benefit to anyone in posting them in the thread. I don't believe in focusing on the negative and I don't think anyone can learn much from a losing trade that I took. I normally average one or two small losses for every ten trades I take but I do my best to minimize the amounts of those losses. There are times when I will go a week or more with no losses but there are always losing trades because no one can accurately predict market behavior every time. I subscribe to Big E's philosophy...if you enter an trade and it goes against you a few pips, exit immediately and chalk it up to the cost of doing business, forget it and wait for another setup. There is always another setup around the corner.
  • #34,431
  • Mar 31, 2014 6:15pm Mar 31, 2014 6:15pm
Quoting as33156
{quote} I don't think it's ever nice to see people lose unless they are jerks which Phx62 doesn't seem to be. I would prefer him never to lose and be thought of as a demi-god of sort. But don't mind me I'm just one of those head in the clouds type who are happy for those who succeed even when I fail.
My comment was tongue in cheek. Phx's posts have been an inspiration to me in becoming a successful trader, long may he continue to be successful and wish to share his success with us here.
We're all just one trade away from humility.
  • #34,432
  • Mar 31, 2014 7:06pm Mar 31, 2014 7:06pm
Quoting Bizzzle
Week three of trading the 4 hour from page one: Open at 6am: AJ- -45 pips (closed at 10am) Opened at 10am: GJ- +35 pips EN- +18 EJ- +59 UJ- +11 All close at 2pm uk time: Total +78 pips Checking my computer three times a day Best of luck {image}

nice trading bizzle. i have a question what do you do for trade management? do you simply close out trades at the next time interval that you check or do you have a criterion/criteria for letting profits run into the next time segment?

thanks
  • #34,433
  • Mar 31, 2014 7:31pm Mar 31, 2014 7:31pm
Quoting blamshakk
{quote} nice trading bizzle. i have a question what do you do for trade management? do you simply close out trades at the next time interval that you check or do you have a criterion/criteria for letting profits run into the next time segment? thanks

Hey Blamshakk

I hope Bizzzle and you don't mind me answering this for you.

Bizzzle stated that he is using page 1 TMS technique to do his trades.

I have recently studied page 1 as I was directed to this thread by another user.

What I believe Bizzzle is doing, if he is strictly following page 1 rules, is that he will look at trades 3 times a day only. These times are 10pm (pacific time), 2am (pacific time), and 6am (pacific time). These times are the same times Bizzzle is looking at the charts except he is doing so in his respective UK time. These 3 times are what times are recommend by the original thread owner.

When Bizzzle looks at his charts at these 3 times he does the following, (I think).

At the first 4 hour interval (10pm pacific) he looks for a trade where green crosses red or green bounces of red. If he sees this he then looks to see if a good size candle has formed that has closed above the previous candle high. If he sees this he will enter the trade.

The next 4 hour interval (2am pacific) he will come back and repeat what he did in 10pm pacific interval. However, in addition to doing the above steps, he will also management his trade he made from previous interval. He will either exit if the green TDI line starts to bend over (giving signal of possible reversal), or he will see the line still has a good slope and candle closed well and he will let the trade go for another 4 hours. The reason he may exit at a slight bend in green TDI (despite it not crossing the red line yet), is because that is the rules from page 1 of this thread.

Now at the last 4 hour interval (6 am pacific) he will come back to the charts to do one thing only. That is to close ALL positions that are open regardless of green TDI bending or still going up in same slope. This is because of page 1 on the thread it says to exit all 4H trades at this time as the market will soon start to rang soon after this interval(in a couple of hours to be exact).

The best way to learn how he trades is to read few of the pages at the start of the tread.

Did I get it right Bizzzle?
Lets Make Some Money
  • #34,434
  • Mar 31, 2014 8:04pm Mar 31, 2014 8:04pm
My GA trade is in the green while EN is still lagging behind in a minus however it looks like it will start to tumble into profit really soon.

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdh4.png Size: 51 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpaudh4.png Size: 54 KB
MAY THE PIPS BE WITH YOU!
  • #34,435
  • Mar 31, 2014 8:37pm Mar 31, 2014 8:37pm
Quoting redfan
Hi All This divergence indicator is very good for giving a trade signal Have a look at my charts.{image}[a{file}ttach]1396834[/attach]{image}{image} {image}
Thanks redfan for posting this indicator, it looks cool.
  • #34,436
  • Mar 31, 2014 9:13pm Mar 31, 2014 9:13pm
Quoting emmanuel7788
{quote} Hi Mike, Yes, counting from 0 to 4 make 5 candles. This shows you have devloped your eyes for details. ... Candle 6 is the trigger candle. for dynamic candle entry. i.e. not waiting for candle to close. Now if you go back to my post, why did I ony pick EJ and GJ for TOK_5H beakout trading? regards, EMMANUEL
I think because the Asia Session is all abut Yen and then we have Frankfort which is Eur and after that London opens which is Pound.so you picked Ej and GJ

Still waiting for the name of of your Indi(showing ASIA SESSION with white recctangle and pip quantity) if you don't mind

Mike
Failure, is a wonderful teacher!
  • #34,437
  • Mar 31, 2014 9:14pm Mar 31, 2014 9:14pm
TMS members

I would like to know where can I learn about LO and NY breakout boxes, is there any thread that was dedicated to this strategy?

Thanks again
I Have Learned to Take Some Losses to Make Profits
  • #34,438
  • Mar 31, 2014 9:59pm Mar 31, 2014 9:59pm
After trading Live, I have learnt few lessons ....
1. As Grand Poopaw pointed, never try to judge or lead the market .... As AU was at Resistance on 4H (that is what I believed looking at previous swing High) I shorted ... In the same way as Gold bounced in previous swing from 1300 Level, Went Long on Gold .... I was trying to predict the market ... to be in the trend sooner .... Only to lose sleep ... getting tensed ... Fortunately common sense prevailed b4 that hurt my live account big time ....
2. In this Stress, trying to be over defensive, over cautious, started adding somebody's this indi ... Somebody's that Indi ... In this confusion ... To be perfect, could not see few very winning entries ... PooPaw ... You are so very RIGHT .... TMS is laid out in plain and simple ... No other indicator needed ... now, I removed all other indicators ...
3. I will go PooPaw way ... keep it simple ... trade the way PooPaw should have traded ....
  • #34,439
  • Mar 31, 2014 10:18pm Mar 31, 2014 10:18pm
You gotta be F-ing kidding me. I look at my freaking platform and its says I lost 11 pips on GA when it went freaking 50 pips in my favor and Cave-manager was suppose to get me to break-even at 40 pips in profit which it reach. This is insanity Now the the price is still 30 pips in profit but yet I took a freaking lost on the trade because of stupid Cave-manager.

Do you know how gutting it is to be 50 pips in profit but end up losing 11 because no fault of your own? I was up thousands of dollars and now im in a F-ing lost. Does anyone have another Trade managing EA because I can't put up with this BS from F-ing cavemanager anymore. I don't even know how thats possible for me to lose 11 pips when the EA should have had me in profit.

At minimum it should have booted me out with 5 pips profit. Not a freaking lost! I'm going to have a heartache if BS like this keeps up. Now watch freaking GA for hundreds for pips this week.
MAY THE PIPS BE WITH YOU!
  • #34,440
  • Mar 31, 2014 10:26pm Mar 31, 2014 10:26pm
Quoting as33156
You gotta be gargle kidding me. I look at my freaking platform and its says I lost 11 pips on GA when it went freaking 50 pips in my favor and Cave-manager was suppose to get me to break-even at 40 pips in profit which it reach. This is insanity Now the the price is still 30 pips in profit but yet I took a freaking lost on the trade because of stupid Cave-manager. Do you know how gutting it is to be 50 pips in profit but end up losing 11 because no fault of your own? I was up thousands of dollars and now im in a gargle lost. Does anyone have another...
Try mouthwash
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