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Trading Made Simple

  • #35,701
  • Apr 13, 2014 9:03am Apr 13, 2014 9:03am
When you see the TDI Green cross Red... then what's next?

Read Eric' post#1025 below.

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You need to know the BASIC Forex stuff first.

Do you know what these BASIC Forex stuff are?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,702
  • Apr 13, 2014 9:47am Apr 13, 2014 9:47am
This thread is great,
every day I get a chuckle from reading it....... It's better than the local paper........ I think if the thread starter was still with us, quite a few would have been evicted by now
no mention of names though...............
The basics...... When green crosses red price will do one of three things ....
go up..... Go sideways ...... Or go down........ You need to learn some simple stuff to give you the edge on which way it might go,

I think its great how some of the people who have been a member for many years on here are now reverting back to page one and the origional way....

yes you have to learn some stuff, some simple stuff, don't over complicate or you will find a 1000 reasons why not to enter ......

there are some good mentors on here and then there are others.........
  • #35,703
  • Apr 13, 2014 11:42am Apr 13, 2014 11:42am
Quoting GilR
{quote} Mate - don't over complicate things. Big E from what I have read did not over analyse. He looked at the chart live and could see trend etc. I trade the daily bar and this week only 4 days and even closing early Friday night grossed 380 pips. You can do the same. I think you need to decide whether you want to be a trader like Emmanuel who clearly knows his away around a chart - a professional with many years experience. That will take 10000 hours! maybe a lifetime with your limited time. Or you trade as Big E envisaged. Follow his rules and...
Thank you for reminding us........great comments
  • #35,704
  • Apr 13, 2014 12:02pm Apr 13, 2014 12:02pm
here you go i found the book for TMS as re-written now days....
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  • #35,705
  • Apr 13, 2014 12:53pm Apr 13, 2014 12:53pm
People of the thread –
I’ve been following this thread for almost a month now, I’ve read up to page 550 from the beginning and might catch up from when I started by the time I retire… lol.
I have noticed there have been ebbs and flows of this forum over the years. People come and people go. Strong personalities influence the discussion, tire of the banter and slip away. Others freely offer their experience (some good, some bad.. all educational if an open mind is kept). Others feel the obligation to return freely what was offered to them (for those.. a ‘tip of that hat’ from me).
What I also notice (that I am eternally grateful for) is an overall conscious of the experienced traders to ‘guide,’ the best they know how, the traders who want to take this seriously and change their lives.
This TMS is truly a ‘simple system.’ It’s a simple system in an exceptionally difficult environment to master. Forex is a massive, fluid atmosphere to engage in. Therefore, I MUST look from within for strength, fortitude and perseverance to obtain the skills to survive.
New indicators of the moment, expert advisors, charts being posted with this new thing or that new thing within the ‘scope’ of TMS is just going to happen. Purists, preaching method; others, preaching tweaking this or that, etc,etc, is just a way of life here. And for me, that’s o.k.
Engaging in this community of the TMS thread at FF, I must be willing to ‘take what I want’ and leave the rest. That means, I may spend time going through page after page of ‘riff-raff’ to find the “nugget of the moment” that will help me obtain those skills to survive. In other words, I find myself blocking out the ‘noise’ of the banter.
That’s the nature of this beast within the TMS thread. It may go, it may stay, it may evolve into something else, and that’s all fine with me. What I hope does not change is the free exchange of ideas from the people who have gone before me so as I may gain the edge they have gained to survive in this massive fluid environment I choose to engage in to change my life.
This may be a simple system, but the ‘Big Picture” is not.
Good trading all – I love it here
Seereye
Pip what you see; See what you pip!
  • #35,706
  • Apr 13, 2014 1:40pm Apr 13, 2014 1:40pm
Quoting SeerEye
People of the thread – I’ve been following this thread for almost a month now, I’ve read up to page 550 from the beginning and might catch up from when I started by the time I retire… lol. I have noticed there have been ebbs and flows of this forum over the years. People come and people go. Strong personalities influence the discussion, tire of the banter and slip away. Others freely offer their experience (some good, some bad.. all educational if an open mind is kept). Others feel the obligation to return freely what was offered to them (for those.....
Amen!
  • #35,707
  • Edited 3:13pm Apr 13, 2014 2:40pm | Edited 3:13pm
Quoting SeerEye
People of the thread – I’ve been following this thread for almost a month now, I’ve read up to page 550 from the beginning and might catch up from when I started by the time I retire… lol. I have noticed there have been ebbs and flows of this forum over the years. People come and people go. Strong personalities influence the discussion, tire of the banter and slip away. Others freely offer their experience (some good, some bad.. all educational if an open mind is kept). Others feel the obligation to return freely what was offered to them (for those.....
Hard not to second. I have been following a few topics on FF, too, but TMS is probably the first one in which I rarely see ego-wars on a personal level, the atmosphere being that of trying to solve a challenging riddle together instead of competing.
Huge thanks Phx62 for your screenshots and MrAussieFX for analysis (and then Phx62 again for clarification) - not only showing the results, but also the way of thinking
  • #35,708
  • Apr 13, 2014 3:14pm Apr 13, 2014 3:14pm
"Hard not to second. I have been following a few topics on FF, too, but TMS is probably the first one in which I rarely see ego-wars on a personal level, the atmosphere being that of trying to solve a challenging riddle together instead of competing.
Huge thanks Phx62's for your screenshots and MrAussieFX's for analysis (and then Phx62's again for clarification) - not only showing the results, but also the way of thinking" from timginter

Ditto = I too have been following the thread for some while now and am impressed with the lack of ego - wars and complete willingness to share and help where needed. I have also seen the more senior people in this thread be only too please to repeat for probably the umpteenth time to newcomers (to the threads) where they can find things and go over similar points again and again.

TMS - KISS (keep it seriously simple)
  • #35,709
  • Apr 13, 2014 4:17pm Apr 13, 2014 4:17pm
Quoting GilR
{quote} I think fool yourself if you think retail traders move the market!
Hello, GilR! Can you tell me, please, do you use S/L when you trade Daily charts? Or just close it at the end of the day or during a day manually?

The same question to everybody, who trade TMS on daily charts.
  • #35,710
  • Apr 13, 2014 4:44pm Apr 13, 2014 4:44pm
Quoting emmanuel7788
AU 25 Jun BUOB setup on H4.
Hello Emmanuel,

Thanks for you great posts! Please can you tell me what BUOB (and BUEB) stand for? I have been searching this thread and can't seem to find this....

Many thanks,

Gavin
  • #35,711
  • Apr 13, 2014 4:51pm Apr 13, 2014 4:51pm
Quoting gavman
{quote} Hello Emmanuel, Thanks for you great posts! Please can you tell me what BUOB (and BUEB) stand for? I have been searching this thread and can't seem to find this.... Many thanks, Gavin
Gavman,

BUOB - Bullish Outside Bar

BUEB - Bullish Engulfing Bar

Check out the pdf in the post below, this should help get your head around some of the CSPs.

Good Luck

Quoting Erol
For all those still getting to grips with CSP's..... In order to help progress away from "schematics" attached is a document I had compiled a while ago to help me speed up my understanding of some of the CSP contained in this thread and what to look for this helped me so it might help you. Cigarguy, in reference to your PM you will find what you are looking for here (at the end). Once again....to trade TMS proficiently one of the steps is to... "Establish a set of criteria for each setup (i.e when is it valid, when is it an "imposter"), and follow...
  • #35,712
  • Apr 13, 2014 5:05pm Apr 13, 2014 5:05pm
Quoting hostwey
USDCAD might be worth keeping an eye on next week folks, signal candle on the Daily and TDI cross {image}
Watch carefully. Daily looking good; H4 in overbought territory with BRN looming just above and an important Fib level. H1 indicating Vol band pinch and overbought as well. Agree that it bears watching but pulling the trigger long not in the cards at the moment. Hostwey's right in that it may develop in the week ahead. Good luck.

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  • #35,713
  • Apr 13, 2014 5:19pm Apr 13, 2014 5:19pm
Quoting Erol
{quote} Gavman, BUOB - Bullish Outside Bar BUEB - Bullish Engulfing Bar Check out the pdf in the post below, this should help get your head around some of the CSPs. Good Luck {quote}

Thanks Erol,

Much Appreciated!
  • #35,714
  • Apr 13, 2014 5:30pm Apr 13, 2014 5:30pm
Quoting Nellycopter
here you go i found the book for TMS as re-written now days.... {image}
Now that's a book
  • #35,715
  • Apr 13, 2014 5:58pm Apr 13, 2014 5:58pm
Quoting toledoFX
{quote} Hello, GilR! Can you tell me, please, do you use S/L when you trade Daily charts? Or just close it at the end of the day or during a day manually? The same question to everybody, who trade TMS on daily charts.
SL: Yes, but so far away I hope it will never get hit. So it is an EMERGENCY only. You should be using TMI and PA to decide when to quit a trade.

If you can monitor your trade you should. Take screen shots so you can see any changes from when you entered etc.

Big E said:
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Big E said:
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My daily trades are entered within an hour or so after candle close. If your platform is NY close you have 2 hours before Asian opens. I close my daily trades the same way, each day. I take my hat of to guys like Zoopots and others who can stay in trades for days, maybe weeks. But I just cannot do that comfort

Regards to last questions. I generally let my daily trades run the day except Friday when I quit early. There is no price action untill the German and London open followed by the US session when I sleep. Because I cannot monitor this I trade half the position of my 4 hr trades.

Another important point encase some you have not understood Bizzzle's experiment. Big E traded from the US so the London 6am strategy was his sleep time and could not monitor his trades but every 4hrs.

When he could monitor his trades he did and was not afraid to close trades manually

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I really only use CaveManager for the auto BE. My TP and SL are sofar away they would not get hit in the duration of my trade

Hope this helps
  • #35,716
  • Apr 13, 2014 6:14pm Apr 13, 2014 6:14pm
Quoting OuterWest
Hi Lads, hope you all had a good weekend. I have attached my first go at doing a basic chart analysis for EurAud mainly to give me an idea whats possible when the markets open tomorrow. I'm about to delete MT4 and reinstall it clean, then only add the few basic indicators for TMS to keep things simple. I am a fairly new trader, onyl began to engage it after doing a course last year. the course left me more confused about how to approach trading and so the last 3 months were spent doing lots oftrades, many errors and losses. I am glad to have done...

I hope I did not offend you, but you and others are being duped by Emmanuel and others that you must do all this analyses to predict some future or pie in sky trade.

There is NO ANALYSES until you have a red/green cross on the time frame you are trading. It takes a minute or 2 to scan the pairs and when you see a cross then look at everything else. TMI first and then PA. But you are being taught TA first for some future TMI cross

Big E:
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  • #35,717
  • Apr 13, 2014 6:26pm Apr 13, 2014 6:26pm
Quoting GilR
{quote} I hope I did not offend you, but you and others are being duped by Emmanuel and others that you must do all this analyses to predict some future or pie in sky trade. There is NO ANALYSES until you have a red/green cross on the time frame you are trading. It takes a minute or 2 to scan the pairs and when you see a cross then look at everything else. TMI first and then PA. But you are being taught TA first for some future TMI cross Big E: {image}
Hi GiLR,
nope not offended. What i do is read everything, use what i can now, leave the rest while i grow into successful trading, its a journey and I am grateful for the variety of views given, however, it is my view that just like Zoopots higher timeframe of plotting trend/cycles is helpful to plan for better trading
  • #35,718
  • Apr 13, 2014 6:30pm Apr 13, 2014 6:30pm
No daily trade for me today. I looked at USDCAD. The X was strong, but it would be against my daily channel trend (itself not a reason not to take the trade) and it is at the top of my 4h channel which suggest that it may roll over.
  • #35,719
  • Apr 13, 2014 6:34pm Apr 13, 2014 6:34pm
Quoting OuterWest
{quote} Hi GiLR, nope not offended. What i do is read everything, use what i can now, leave the rest while i grow into successful trading, its a journey and I am grateful for the variety of views given, however, it is my view that just like Zoopots higher timeframe of plotting trend/cycles is helpful to plan for better trading
Good to hear you are doing well with that approach and making many pips
  • #35,720
  • Apr 13, 2014 7:09pm Apr 13, 2014 7:09pm
I am trading only part time these days due to working hours on my regular job. Last week four trades and +139 pips. I am still happy to earn some extra cash.
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