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Trading Made Simple

  • #34,921
  • Apr 7, 2014 6:57am Apr 7, 2014 6:57am
I just don't freaking get bounce trades. Pissing me off. Market didn't even more 1 pip in my favor before it tanks and stops me out. Very frustrating. -20 pips for the week.
MAY THE PIPS BE WITH YOU!
  • #34,922
  • Apr 7, 2014 6:58am Apr 7, 2014 6:58am
Quoting itsallover
{quote} Well I question your intent regarding your personal opinion.... if it was meant to sway the public then you have no right nor the authority offering it in public... if on the other hand it was an off the cuff comment maybe keep negative opinions private.....they are after all your own opinion not to be shared with the public.

I shall leave that sort of judgement to the individuals. I trust their intellectual maturity.

I am sure Bizzle can stand up for himself.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,923
  • Apr 7, 2014 6:59am Apr 7, 2014 6:59am
Quoting hostwey
When people say they are back testing what do they mean? Big E used to say studying old charts was essential to the method, and I do scroll back and go through old charts and mark possible trades and the position of the TDI , and scroll forward with F12 key to see the results so I can't prejudge the decision. Its not ideal though because in real life indicators can repaint and change direction, and what looks a good trade now, might not have appeared so good back then! I just wondered if there was a better solution. I've looked at MT4 back testing...
I think I do back testing now because I am looking to build everything about this TMS, about building the believe into the signal set out at the trading plan, back testing can give us so many new things everyday, even if we dont find the answer were looking for at the moment, but continuing to do back testing can shed the light some time later

I remember Phx62 when he says that he has done 100s of hours of back testing, I can imagine why? so I think in order to reach and master TMS, we gotta do it same as him
I Have Learned to Take Some Losses to Make Profits
  • #34,924
  • Apr 7, 2014 7:01am Apr 7, 2014 7:01am
Quoting itsallover
{quote} Errr.... what makes you decide that Bizzle can't provide signals? I think he more than competent and capable if he were to offer this service. You can't say that about people. {quote} No... no... posters here can decide what they want to answer. Its purely voluntary.. come on Emmanuel.... stop making rules in this thread and expecting people to abide by them. Its fine if you want to follow your own rules but don't police the rest of us.
I didn't say Bizzzle was, I just didn't express what I was trying to say very well. Only that he is volunteering information out of his own time so what he chooses to disclose is entirely up to him.

However if someone were to set up a trading course or a signals service and started charging for it, then you would obviously want a lot more disclosure (or at least hope they would).

This thread is over 1700 pages long so its quite a lot for new members to go through, though the volunteered PDF's help. I think people would loose their way if it started to veer off at various tangents on trade and risk management. When starting out, traders just really want to know 1) when to enter and 2) when to exit and possibly 3) where the stop loss should be.

However it is interesting how individual traders have added their edges to the technique, for example Big EM's Tokyo Channel, and PHX's channel trading. Its been good to see the results when someone like Bizzzle strips it back to the basics again.
  • #34,925
  • Apr 7, 2014 7:02am Apr 7, 2014 7:02am
Quoting as33156
I just don't freaking get bounce trades. Pissing me off. Market didn't even more 1 pip in my favor before it tanks and stops me out. Very frustrating. -20 pips for the week.

as33156:

For bounce trade, there must be price consolidation or pull back The consolidation/pull back candles are what that causes the TDI to converge then when liquidity returns, the TDI Green, Red and Yellow diverge from one another (in simple word, the TDI opens up)

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,926
  • Apr 7, 2014 7:05am Apr 7, 2014 7:05am
Quoting hostwey
{quote} I didn't say Bizzzle was, I just didn't express what I was trying to say very well. Only that he is volunteering information out of his own time so what he chooses to disclose is entirely up to him. However if someone were to set up a trading course or a signals service and started charging for it, then you would obviously want a lot more disclosure (or at least hope they would). This thread is over 1700 pages long so its quite a lot for new members to go through, though the volunteered PDF's help. I think people would loose their way if...
I didn't say Bizzle was offering any service either. Its besides the point.
I actually don't disagree with anything in your post.
.... laughing all the way to the bank
  • #34,927
  • Apr 7, 2014 7:05am Apr 7, 2014 7:05am
Bit off topic here but can't hold my joy after finding MT4 that works on my huge iMac screen without any emulators. Admiral Markets if anyone interested.
Those who know don't talk. Those who talk don't know.
  • #34,928
  • Edited 7:24am Apr 7, 2014 7:10am | Edited 7:24am
Quoting emmanuel7788
{quote} as33156: For bounce trade, there must be price consolidation or pull back The consolidation/pull back candles are what that causes the TDI to converge then when liquidity returns, the TDI Green, Red and Yellow diverge from one another (in simple word, the TDI opens up) regards, EMMANUEL
Hi Emmanuel,

Unfortunately I have dyslexia so if it's not shown on a chart what you are talking about it's sounds like your speaking Chinese. Thats why I asked members a few times could someone give me a definitive chart guide for proper bouncing trading. However it fell on deaf ears.
MAY THE PIPS BE WITH YOU!
  • #34,929
  • Edited 7:30am Apr 7, 2014 7:10am | Edited 7:30am
Quoting emmanuel7788
{quote} I shall leave that sort of judgement to the individuals. I trust their intellectual maturity. I am sure Bizzle can stand up for himself.
I'm sure Bizzle can stand up for himself too. And just to be clear, and in the spirit of professionalism, we can and should avoid negative personal opinions/claims on other people being made on the thread.
Lets focus on the TMS system.
.... laughing all the way to the bank
  • #34,930
  • Apr 7, 2014 7:12am Apr 7, 2014 7:12am
Quoting itsallover
{quote} I didn't say Bizzle was offering any service either. Its besides the point. I actually don't disagree with anything in your post.
I realise that, I should have added a smiley or two in there.
  • #34,931
  • Apr 7, 2014 7:12am Apr 7, 2014 7:12am
Quoting pips29
According to thread owner, yes, there was a long entry at 10am
Hmm... I still can't see it, sure, there is a bull candle on AUDCAD but it wasn't that "certain" (big lower and upper wick, and a small body). I would not have entered that trade.

Quoting hostwey
When people say they are back testing what do they mean?
My bad, I've seen "backtesting" referring to EA's, too. I exactly meant "study old charts". I started with a "pool" of 1000 pips and before I hit [F12] I make up my mind whether I'm honestly in for the trade or not. If I'm in and when I see an exit I either add the pips to the pool or subtract. Like playing chess with myself I only check for signals on the close of 6am, then 10am, 2pm and 6pm London candles, though.

The EU I marked earlier did seem to go according to eelfranz's method - 1st candle closed, steep TDI cross on the open of the second candle, would have closed in at 2pm London as it goes against the trend, I'm not sure it will go further up. Not a huge winner, but it confirms the original entry/close.
Attached Image
  • #34,932
  • Apr 7, 2014 7:16am Apr 7, 2014 7:16am
Quoting timginter
{quote}Hmm... I still can't see it, sure, there is a bull candle on AUDCAD but it wasn't that "certain" (big lower and upper wick, and a small body). I would not have entered that trade. {quote}My bad, I've seen "backtesting" referring to EA's, too. I exactly meant "study old charts". I started with a "pool" of 1000 pips and before I hit [F12] I make up my mind whether I'm honestly in for the trade or not. If I'm in and when I see an exit I either add the pips to the pool or subtract. Like playing chess with myself I only check for signals on...
I was referring to E/U as shown on your chart
the cautious seldom err....C
  • #34,933
  • Apr 7, 2014 7:17am Apr 7, 2014 7:17am
Here is NZDUSD H1 chart for study:

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD week15 H1 7 Apr.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,934
  • Apr 7, 2014 7:19am Apr 7, 2014 7:19am
Quoting as33156
I just don't freaking get bounce trades. Pissing me off. Market didn't even more 1 pip in my favor before it tanks and stops me out. Very frustrating. -20 pips for the week.
Which trade, can you post, I wanna see, since I have some thoughts on bounce trades, I only take bounce trades if they are convergence with MBL or 50 middle line on the TDI
I Have Learned to Take Some Losses to Make Profits
  • #34,935
  • Apr 7, 2014 7:19am Apr 7, 2014 7:19am
Quoting as33156
{quote} Hi Emmanuel, I have unfortunately I dyslexia is if it's not shown in a chart what you are talking about it's like your speaking Chinese. Thats why I asked members a few times could someone give me a definitive chart guide for proper bouncing trading. However it fell on deaf ears.

I hear you now. Just posted NU example above.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,936
  • Apr 7, 2014 7:21am Apr 7, 2014 7:21am
Quoting timginter
{quote}Hmm... I still can't see it, sure, there is a bull candle on AUDCAD but it wasn't that "certain" (big lower and upper wick, and a small body). I would not have entered that trade. {quote}My bad, I've seen "backtesting" referring to EA's, too. I exactly meant "study old charts". I started with a "pool" of 1000 pips and before I hit [F12] I make up my mind whether I'm honestly in for the trade or not. If I'm in and when I see an exit I either add the pips to the pool or subtract. Like playing chess with myself I only check for signals on...
I thought 'looking at old charts' was what you mean't!

Yes there was a nice entry for EU on H1 this morning (signal at 6am, entry 7am UK time). Sadly I was a lazy boy this morning and not up early.
Attached Image
  • #34,937
  • Apr 7, 2014 7:22am Apr 7, 2014 7:22am
Quoting itsallover
{quote} I'm sure Bizzle can stand for himself too. And just to be clear, and in the spirit of professionalism, we can and should avoid negative personal opinions/claims on other people being made on the thread. Lets focus on the TMS system.

I like the professionalism bit very much
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,938
  • Apr 7, 2014 7:22am Apr 7, 2014 7:22am
Quoting as33156
{quote} Hi Emmanuel, I have unfortunately I dyslexia is if it's not shown in a chart what you are talking about it's like your speaking Chinese. Thats why I asked members a few times could someone give me a definitive chart guide for proper bouncing trading. However it fell on deaf ears.
Here's two bounce trades. I find looking at the closes, once the TDI has crossed as one way to find the bounces .
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh4.png Size: 28 KB
.... laughing all the way to the bank
  • #34,939
  • Apr 7, 2014 7:24am Apr 7, 2014 7:24am
Quoting emmanuel7788
{quote} I like the professionalism bit very much
So do I
.... laughing all the way to the bank
  • #34,940
  • Apr 7, 2014 7:25am Apr 7, 2014 7:25am
I shorted AU

Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 62 KB
MAY THE PIPS BE WITH YOU!
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