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Trading Made Simple

  • #34,981
  • Apr 7, 2014 2:20pm Apr 7, 2014 2:20pm
Quoting DesiBaba
{quote} Hey! Could you please clarify how you pick your TP points? Do you pick your TP points on the tok_5 based on the toyko range? So if range is 7 pips, your SL be 7 pips (other side of box) and 7 pips to TP1 and TP2 will then be 14 pips and so on? Sorry for asking you this so many times, I hesitated to take this trade on Eurusd last night and I saw it worked out.
Something to consider about TOK 5H trades. I believe Craig speaks of looking at the last 1/3 of the Tokyo channel and noting the Stop Hunt zones that are typically 25-50 pips above the high and low of the last 1/3. I have found that concept to be a good source for potential TP levels.

Last night's GBPUSD Tokyo trade is a good example:

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  • #34,982
  • Apr 7, 2014 2:32pm Apr 7, 2014 2:32pm
Thank you very much...for TRADE MADE SIMPLE trading system....


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The Average Discount Everything
  • #34,983
  • Apr 7, 2014 2:42pm Apr 7, 2014 2:42pm
Quoting Zoopots
{quote} Something to consider about TOK 5H trades. I believe Craig speaks of looking at the last 1/3 of the Tokyo channel and noting the Stop Hunt zones that are typically 25-50 pips above the high and low of the last 1/3. I have found that concept to be a good source for potential TP levels. Last night's GBPUSD Tokyo trade is a good example: {image}

Hey zoopots, thanks for the reply.

I have trouble understanding what you mean by stop hunt zones. Are these zones that are near support/resistance levels?

In addition, can simply making TP the range of channel and the SL the opposite side of channel work as it is very simple and is 1:1 risk reward ratio
Lets Make Some Money
  • #34,984
  • Apr 7, 2014 2:42pm Apr 7, 2014 2:42pm
Been trading for years off and on, I'm very experienced, yet unprofitable, time to give it another go, and I came across this thread, there's hope yet

Will be studying and following.
  • #34,985
  • Edited 5:32pm Apr 7, 2014 2:48pm | Edited 5:32pm
i got exactly the same trades today

will note bizzle's tip to not trade unless 5ema has been broken / smashed through ...even though eventually the trade would have worked out in this instance

this is TMS back to the basics.. and genuinely simple


lets keep this simple style rolling guys in parallel with the more complex versions of TMS in play by great folks in this thread

Quoting Ballistical
I decided to try and do as Bizzzle and a few others are and trade the H4 as Big E laid out on page 1. Week 1, Day 1: 6am: AU- -14 10am: EU- +20 UC- +18 Total = +24 pips for the day {image} {image} {image}
  • #34,986
  • Edited 4:32pm Apr 7, 2014 4:05pm | Edited 4:32pm
Hello everyone! I am new here, but not new in trading, trying to find my way for about a year. Really interesting in TMS strategy! I see that almost everyone using 4H timeframe, but what do you think about using this strategy on 1H? My 4H candles starting at 7 and 11am UK time, not the same time like everyone here has, so i noticed that signals not so good on such candles. Nice signals usually come at 6-8am UK time on 1H, as i have noticed. And what is the best way to sort the right signals of TDI?
  • #34,987
  • Apr 7, 2014 4:11pm Apr 7, 2014 4:11pm
Quoting blamshakk
i got exactly the same trades today will note bizzle's tip to not trade unless 5ema has been broken / smashed through ...even though eventually the trade would have worked out in this instance this is TMS back to the basics.. and genuinely simple lets keep this simple style rolling guys in parallel with the more complex trading versions of TMS in play by great folks in this thread {quote}

Good to hear Blamshakk

Bizzzle is absolutely right when he says that Big E really was onto something. This is stress free trading.
Focus on the process and the profits will follow
  • #34,988
  • Apr 7, 2014 4:17pm Apr 7, 2014 4:17pm
Quoting hg2014
{quote} Hi Really like your posts. Being in the uk what time do you enter and exit your trades like big e did? Thanks, also sl of 50?
I can answer your first question on Bizzzle's behalf since I am also in the UK. First trade entry opportunity is 6am UK time. At 10am, review open positions and look for further opportunities. Close all trades at 2pm UK time. Obviously, you'll need to be using a broker whose 4 hour candles fall at these times. I hope that helps!
Focus on the process and the profits will follow
  • #34,989
  • Apr 7, 2014 5:29pm Apr 7, 2014 5:29pm
Quoting Pippopotamus
It may be better not to act on every wiggle that TMS ind. makes. All candles are not equally informative. I define non-informative candles as those candles that close within Keltner Channel with 0.27 bandwidth setting... Appears that it may be best not to take action on these candles... Take a look and decide for yourselves.... Also, it appears that it may be best not to act on an upturn of TMS signal unless HA body closes above upper band of Keltner Channel, or on a downturn of TMS signal unless body of HA body closes below lower band of Keltner...
Sorry,But which one of theses dotted lines are Keltner channel?
Regards
Mike
Failure, is a wonderful teacher!
  • #34,990
  • Apr 7, 2014 5:43pm Apr 7, 2014 5:43pm
Quoting Pippopotamus
It may be better not to act on every wiggle that TMS ind. makes. All candles are not equally informative. I define non-informative candles as those candles that close within Keltner Channel with 0.27 bandwidth setting... Appears that it may be best not to take action on these candles... Take a look and decide for yourselves.... Also, it appears that it may be best not to act on an upturn of TMS signal unless HA body closes above upper band of Keltner Channel, or on a downturn of TMS signal unless HA body closes below lower band of Keltner Channel......
Dean Malone compares Keltner and linear regression channels with the Price Action Channel (PAC) here

http://www.compassfx.com/video/flash/91009/91009.html
  • #34,991
  • Apr 7, 2014 5:50pm Apr 7, 2014 5:50pm
Quoting khanhtrinhmd
{quote} Dear as33156, what is your broker's gmt time? I use GMT+0. Your chart is not look like me but i'm shorting AU like yours. Can you consider my chart, please? The reason i took this trade is shown in this picture. Triple top, Bearish divergence, Bearish engulfing bar pattern. {image} {quote} Does PA in my chart above qualify your decision? Thanks Big Emm for considering. I will listen carefully any your comments.
Hi khanhtrinhmd,

Some divergence setups do work but many will fail. One of the ways to grade divergence setups is to count the number of candles between each of the swing highs and swing lows in this chart example you posted. The other way is to consider where previous support and resistance levels were on the price chart and also on the TDI(RSI) window.
To learn more about Divergence, I recommend you read the John Hayden's book "RSI:TheComplte Guide". He explains in very detailed description his work and study on the RSI which the TDI is based on.
Here is a snapshot taken form his book:
Professional Use of the RSI.
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These 5 methods he described is very useful when we trade TMS 5-Method.

The other thing about trading divergence is the use MDRP to look for reversal points. Something he described very well his book. That is powerful stuff when we want to trade longer term timeframes like I do using 4H swing and position trading.

Feel free to PM me when you have questions.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,992
  • Apr 7, 2014 5:55pm Apr 7, 2014 5:55pm
My TDI Just started doing this, I recall seeing a post on how to fix it but I can't locate it now, any Ideas?

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War. Is my profession.
  • #34,993
  • Apr 7, 2014 6:02pm Apr 7, 2014 6:02pm
Quoting Pippopotamus
{quote} Isn't he selling something???? EDIT==== Watching the video a few minutes makes me wonder if he knows, or not, that it possible to change the period, and bandwidth settings on the Keltners to bring them closer to price action...
Sure, but TMS is based on a stripped down Synergy based strategy with 5 EMA or PAC and there are free versions of the tools.
  • #34,994
  • Apr 7, 2014 6:03pm Apr 7, 2014 6:03pm
Quoting manoj_3986
{quote} Dear Emmanuel, Thank you very much for your weekly update. When I see weekly chart from left to right,I feel following about trend. EURUSD - buying bias EURCAD- buying bias EURAUD- selling bias Should we see only last couple of candles to decide about our trend bias or we should look at more no of candles. Please give your views on the same. Thanks Manoj

Hi Manoj,

I usally look at the candletstick charts starting from the Monthly MN chart, then Weekly W1 chart before the start of the trading week.
The MN and W1 candlestick do tell many things about the market conditions.
For 4H swing trading, the bias of the MN and W1 candles are important other than the over all market trend. Sometimes the long tern trend may be bullish but the weekly bias may tell us to trade counter trend for that particular week. There must be enough room to take a counter trend trade with a minmum Risk Reward of at least 1 : 1.5, otherwise it will be a NO GO for me.

The short term bias using the Day D1 candles can contradict in some correlated pairs like the EUR Crosses. But in the longer term, they more often trend in the same direction although with very different weekly ranges. EURNZD has a much wider weekly range compared to the EURCAD. We must know this ahead when we plan our 4H swing and position trades.

Hope this make sense, if not we can continue using our usual PM or email.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,995
  • Apr 7, 2014 6:09pm Apr 7, 2014 6:09pm
Quoting as33156
{quote} Thanks for the explanation emmanuel, I notice a difference between your 5TOK and mines. Yours starts and hour before mines with means we have different ranges. Do you know how I can moves mines back an hour? I tired putting -1 but it didn't go back an hour. However if I put 1 it goes forward an additional hour. Seems weird that the indicator wont allow me to start an hour earlier so I can be on the correct asian open time. Actually it's way more then 1hr off. {image}

Hi as33156,

I am not sure what the server time you have. But just make sure the indicator cover the first 5 H1 hours on your platform.
That is basically the consoldiation we look for and exaclty what Big E told us in post#261 to look for CONSOLIDATION.
There are many things he dod not say and that deos not meas we cannot do. He told me to use my brain and I did.

By the way, there will be some 'crummy' weeks when many trade setups don't work out well. Big E mentiened them in the past.
When you go through one 'crummy' week, never give up. What I do is to spend time and catch up with reading books what I love most.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,996
  • Apr 7, 2014 6:10pm Apr 7, 2014 6:10pm
When you experience a 'crummy' trading week, this may be the reason.

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Expand your trading arsenal.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,997
  • Apr 7, 2014 6:17pm Apr 7, 2014 6:17pm
Quoting L0pg
My TDI Just started doing this, I recall seeing a post on how to fix it but I can't locate it now, any Ideas? {image}

Hi L0pg,

The problem is caused by the new MT4 MetaEditor which re-compiles the older versons of mq4 files.
If you have the old TDI_RT.ex4 from this thread, just copy that .ex4 to the new MT4 folder MQL$\Indicators\...

DO NOT copy old mq4 files to your new MT4 Build 600+. Some works but many don't.

That should solve the problem with that TDI yellow line error.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,998
  • Apr 7, 2014 6:19pm Apr 7, 2014 6:19pm
Quoting mike1349
{quote} Sorry,But which one of theses dotted lines are Keltner channel? Regards Mike

Hint: Create one that best matches the TDI. Got it?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #34,999
  • Apr 7, 2014 6:25pm Apr 7, 2014 6:25pm
What do you know about Big E's risk profile and his money management:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,000
  • Apr 7, 2014 6:36pm Apr 7, 2014 6:36pm
Quoting emmanuel7788
EURNZD 7 Apr TOK_5H breakout trade: A little late entry and missed a few pips. Anyway, it looks good as of now a R:R 1:1 trade. {image}
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Quoting emmanuel7788
EURNZD minutes to New York Open NYO. Price pulling back a little at BRN 1.6000. BRN = Big Round Number.
Closed this trade before my usual bedtime.
+26pips on H1 intraday trading.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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