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Trading Made Simple

  • #35,401
  • Apr 10, 2014 7:02am Apr 10, 2014 7:02am
Quoting hugecat
My UChf trade on D chart. +91 Pips so far in 3 days. I'm testing TMS this week on D charts and only executed 1 trade even though there were 3 more pairs that gave TDI cross and now up 100+ pips. Feels good to check charts once a day. {image}
Hey HugeCat,

Nice trade...Am I correct in looking at your chart, you entered at the open of the first long red (2nd red candle) open? If so, do you not consider the PAC when pulling the trigger?
Thanks! Scott
  • #35,402
  • Apr 10, 2014 7:34am Apr 10, 2014 7:34am
I might trade Daily TMS (for some time) from now on as of work restrictions. My daily candle from FXCM NY close starts at 7:00 AM Australian time. Any suggestions or advice from members using TMS on daily would be much appreciated.

Kind regards
  • #35,403
  • Apr 10, 2014 8:16am Apr 10, 2014 8:16am
mraussiefx trading this on the daily is stress free and rewarding in terms of pips. i traded it for a while last year on demo and am going to start again

you can check the dedicated thread about it here: http://www.forexfactory.com/showthread.php?t=334035

Quoting MrAussieFX
I might trade Daily TMS (for some time) from now on as of work restrictions. My daily candle from FXCM NY close starts at 7:00 AM Australian time. Any suggestions or advice from members using TMS on daily would be much appreciated. Kind regards
  • #35,404
  • Apr 10, 2014 8:52am Apr 10, 2014 8:52am
atus: Member | 109 Posts
I might trade Daily TMS (for some time) from now on as of work restrictions. My daily candle from FXCM NY close starts at 7:00 AM Australian time. Any suggestions or advice from members using TMS on daily would be much appreciated.
  • #35,405
  • Apr 10, 2014 8:56am Apr 10, 2014 8:56am
MRAussieFX - Try Fin FX, their daily closes at 06:00 Australian eastern time, hope this helps
  • #35,406
  • Apr 10, 2014 9:05am Apr 10, 2014 9:05am
Quoting Direwolf
Hi Emmanuel. For these 3 bar PCRF pattern, would you want until the close of 3rd candle before you enter? Or would a break of the first 2 a good entry point? {image}

Hi Direwolf,

You ae looking at the 3-bar pattern but you did not see the Mother Bar and that Inside Bar before that 3-bar bearish pattern.
Price bars looks toppisch, so I would be looking if there is resistance above to add to the decision making process.
I mentioned many times that I do not chase after long price bar/candle. Wait for retracement entry when I see long price bar/candle.
Why not trade that IB breakout? since we also see a 3-bar bearish pattern (not necessarily a PCRF) near that toppisch level.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,407
  • Apr 10, 2014 9:07am Apr 10, 2014 9:07am
Quoting MrAussieFX
I might trade Daily TMS (for some time) from now on as of work restrictions. My daily candle from FXCM NY close starts at 7:00 AM Australian time. Any suggestions or advice from members using TMS on daily would be much appreciated. Kind regards
what do you want to trade? position trading over many days and weeks or something else you have in mind.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,408
  • Apr 10, 2014 9:41am Apr 10, 2014 9:41am
Quoting Ballistical
{quote} The GJ trade I considered but decided against at 6am would have been a good trade so far Just taken a short on GU at the start of the 10am candle. Lets see how this one pans out

Week 1, Day 4 Trading like Big E described on Page 1:

6am:

No trades

10am:

GBPUSD- -3

Daily Total = -3 pips

Weekly Total = -12 pips

I realise now that I completely missed the fact there was high impact news on GBP AND USD during my trade.

Silly mistake but at least its on a demo account...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
Focus on the process and the profits will follow
  • #35,409
  • Apr 10, 2014 10:00am Apr 10, 2014 10:00am
Quoting hostwey
{quote} pipsometer decimal {file}
I couldn't find it, but does somebody know if there is pipsometer for mt5?
thx Klaus
  • #35,410
  • Apr 10, 2014 10:27am Apr 10, 2014 10:27am
Quoting nsscott
{quote} Hey HugeCat, Nice trade...Am I correct in looking at your chart, you entered at the open of the first long red (2nd red candle) open? If so, do you not consider the PAC when pulling the trigger? Thanks! Scott
Scott, you are correct. I use PAC as the confirmation of the trend but execute according to original TMS rules. This trade is now +121.
Those who know don't talk. Those who talk don't know.
  • #35,411
  • Apr 10, 2014 10:42am Apr 10, 2014 10:42am
Quoting GilR
{quote} I think it is 23 or 24, but I have developed and is still a work in progress to alert me to possible setups {image} This one alerts at close of bar, the new one will be at open of bar which is more suited to the 4hr trade
Thanks

Quoting itsallover
{quote} Darn it! I can only watch 7 pairs ...lol... Yes it looks like a nice setup. How many pairs are you watching?
Try profiles. Yesterday I did a cross-over of all the major pairs and I have now 4 TMS profiles set up with 8 charts tiled on each (4 charts on the last profile).
I realised 2 days ago that with only 8 pairs I was looking for a setup even if there was none (hence -10 pips on Tuesday), I thought that with more charts to check I'll only choose the best entries, but I was wondering if I didn't go too far with 28 pairs
  • #35,412
  • Apr 10, 2014 10:47am Apr 10, 2014 10:47am
Quoting pgtips
{quote} Hi, did you change anything from original system and which pairs do you trade (all/any?) I was unsure daily suited this setup but it seems to be right for you. PG :-)
I only trade according to TMS rules, since Big E said that the method works on all time frames and he was right. I look at 13 pairs but thinking about cutting some loose since they don't give that many good signals or swings are small. For now they are: aj, au, cj, eg, ej, ea, eu, gj, gu, nu, uj, uc, uch.
Those who know don't talk. Those who talk don't know.
  • #35,413
  • Apr 10, 2014 10:52am Apr 10, 2014 10:52am
Quoting Bizzzle
{quote} What time did you open these trades?
I tried to convert Big E's time to my time zone and I think my H4 candles are like this

first candle - 2 hours before LO
second candle - 4 hours after LO
And then exit all trades at the third candle.

Am I right?
Everything you can imagine, is real - Pablo Picasso
  • #35,414
  • Apr 10, 2014 10:56am Apr 10, 2014 10:56am
Quoting hugecat
{quote} I only trade according to TMS rules, since Big E said that the method works on all time frames and he was right. I look at 13 pairs but thinking about cutting some loose since they don't give that many good signals or swings are small. For now they are: aj, au, cj, eg, ej, ea, eu, gj, gu, nu, uj, uc, uch.
Huge thanks! The only reason I have 28 pairs now is to find the ones that fit TMS best, thanks for that list!
  • #35,415
  • Apr 10, 2014 11:02am Apr 10, 2014 11:02am
Todays EURJPY and EURAUD H1 trades.

one looser, two winners

EURAUD - Short break of master candle during FO with TDI bounce => +40 pips
EURJPY - Long after PCRF, but didn't wait the high of the PCRF taking out => costs me -14 pips
EURJPY - Next long after newly PCRF - now with more luck. In this case, the high of the PCRF was clearly on the other side of the SMA5. (Too clear, because price was about 24 pips above the prev. candle. Should have been entered eaelier.)
I waited for a retracement to the SMA5 and entered above the SMA5 @140,90. => +35 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-10 17.00 EURJPY EURAUD H1 - profit.png Size: 185 KB
fxFox (all times in my charts are GMT+1)
  • #35,416
  • Apr 10, 2014 11:03am Apr 10, 2014 11:03am
Quoting Direwolf
{quote} I tried to convert Big E's time to my time zone and I think my H4 candles are like this first candle - 2 hours before LO second candle - 4 hours after LO And then exit all trades at the third candle. Am I right?
Yes that's the times I am using! I was looking at the trade you said you enter and didn't see any good entry this morning myself?

I couldn't trade at 10am this morning but looking at the charts I would have prob enter EG if I was at my screen for some pips

You must remember we only want to take the best set-ups and we can gain more confidence by back-testing, looking at past chart and seeing which candles where successful or not and why?

At 6am I saw good PA set-ups on GJ,EJ and UJ candles with momentum but TDI did not crosses so I stayed out!!!

I think when trading as big E did we must have a lot of patients for these great set-ups
Give yourself a chance and trade it like it's layed out...
  • #35,417
  • Apr 10, 2014 11:05am Apr 10, 2014 11:05am
Took USDCHF when price formed an outside/engulfing bar bouncing off 0.8800 and broke lower.
Attached Image


TDI did make a very nice bounce with angle pointing down at the time of entry, but it flattened when price went back up a bit.
Attached Image


SL already at BE. The pair is testing another S/R. If it can break through, my target would be at the green level. If not, it will be a BE trade, no biggie.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-10_2256.png Size: 6 KB
Everything you can imagine, is real - Pablo Picasso
  • #35,418
  • Apr 10, 2014 11:09am Apr 10, 2014 11:09am
Quoting Bizzzle
{quote} Yes that's the times I am using!
Thanks Bizzle! Do you also exit trades at the 3rd candle?

May I ask how long have you experiment with trading the Big E style? I want to go back and read all your posts
Everything you can imagine, is real - Pablo Picasso
  • #35,419
  • Apr 10, 2014 11:10am Apr 10, 2014 11:10am
Quoting Axiom
{quote} I think this is the one . Edit: Lines are solid though. Change in settings. {file}
thanks axiom,

That's the one.
  • #35,420
  • Apr 10, 2014 11:10am Apr 10, 2014 11:10am
Quoting Bizzzle
{quote} I think when trading as big E did we must have a lot of patients for these great set-ups
Essential...
Pip what you see; See what you pip!
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