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Trading Made Simple

  • #35,861
  • Apr 14, 2014 12:21pm Apr 14, 2014 12:21pm
Thanks Thinkpad. Gold & Oil are interesting as I have them on my charts too. Do you ever trade any of the indices, FTSE, Dax S&P?
  • #35,862
  • Apr 14, 2014 12:26pm Apr 14, 2014 12:26pm
Quoting Tanglewood
Thanks Thinkpad. Gold & Oil are interesting as I have them on my charts too. Do you ever trade any of the indices, FTSE, Dax S&P?
Yes gold and oil are easy to predict.
No I don't have any experience of trading indices. Are you trading indices?
I am not random, U just can't think as fast as me....
  • #35,863
  • Apr 14, 2014 12:49pm Apr 14, 2014 12:49pm
Quoting thinkpad123
{quote} Yes gold and oil are easy to predict. No I don't have any experience of trading indices. Are you trading indices?
When I do it's with varied and not always any notable success. I think I keep at it because the FTSE was the first and only thing I traded many years ago. In fact when I resurrected my IG account many years later the IG rep was able to bring my account up (dormant for 20 years) and say "Ah, I see you left us taking £1,000 with you". Which was a good amount all those years ago.
  • #35,864
  • Apr 14, 2014 1:06pm Apr 14, 2014 1:06pm
Hello! Everyone. I have been watching this thread for some time. I started trading in 2008. I have had a lot of ups and downs in the forex world. More downs than ups. I used to trade with Eric (RIP) before he started this forum with Dean Malone. This is a great strategy if you follow the simple rules the he laid out for you all. I have been unable to trade for a while, because of some personal issues, but if you stick with this you will win in the end. I will be trading the 4hr and Daily soon. I have very few indicators on my screen, so I can see the overall picture. I use daily S&R, Fibs and TDI, with candle formations, then switch the screen to the 4hr. After 1,000s of hours backtesting and researching, I finally understood that the big dogs use the 4hr and daily to trade to make money.

I will continue to watch this forum, you should very happy that you great people in here that are willing to help others. Good luck trading.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #35,865
  • Apr 14, 2014 2:13pm Apr 14, 2014 2:13pm
Warm welcome Carlene and good luck with your trading
  • #35,866
  • Apr 14, 2014 2:37pm Apr 14, 2014 2:37pm
Anyone,
Quick question; what TDI settings are most using?

Thanks and Regards,
Cigarguy
Keep It Simple
  • #35,867
  • Apr 14, 2014 4:00pm Apr 14, 2014 4:00pm
Quoting cigarguy
Anyone, Quick question; what TDI settings are most using? Thanks and Regards, Cigarguy
The default ones
  • #35,868
  • Apr 14, 2014 4:00pm Apr 14, 2014 4:00pm
Quoting cigarguy
Anyone, Quick question; what TDI settings are most using? Thanks and Regards, Cigarguy

I don't think there is a standard.

You can simply download the TDI from the paperclip or from compassfx.

TDI realtime updates TDI every tick. The other update only on candle close I believe.

I use the compassfx TDI basic and it gives me same signals as everyone here.
Lets Make Some Money
  • #35,869
  • Apr 14, 2014 4:18pm Apr 14, 2014 4:18pm
looking good now after so many hours
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the cautious seldom err....C
  • #35,870
  • Apr 14, 2014 4:22pm Apr 14, 2014 4:22pm
another slow one
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the cautious seldom err....C
  • #35,871
  • Edited 5:13pm Apr 14, 2014 4:57pm | Edited 5:13pm
In few minutes my new day candle begins. Watching signals for Daily trading. There are some. USD/JPY met strong resistance and already have 2 bullish daily bars. Need to watch next few hours to see if TMS gives a signal to enter long.
There are also possible entries on USD/CHF and NZD/USD , but that would be counter trend signals, so i am not sure that there is need to take it.
Also EUR/USD shows 2d red candle and TDI cross. But i don't like yesterday's gap.
  • #35,872
  • Apr 14, 2014 5:03pm Apr 14, 2014 5:03pm
Quoting pips29
looking good now after so many hours {image}
Had the same entry on NZD/USD today, but left too early... Lack of discipline and patience is my always problem.
And can you explain why you took AUD deal and did it much later after TDI cross?
  • #35,873
  • Apr 14, 2014 5:15pm Apr 14, 2014 5:15pm
I know a lot of people back-test their strategies, some jump in feet first seeing other people make $ and then realise they might be missing a few things when they have a string of losses (this is part of the learning curve). If that is the case for some of you right now, do you properly understand the expectancy of the system you are trading in the TMS thread, are you trading a system that is right for your personality and your beliefs about trading?

More importantly, do you believe being right and making money are equivalent?

If the answer is yes to the above question you might want to check out the pdf below

Attached File(s)
File Type: pdf van tharp article on being right.pdf   515 KB | 6,702 downloads
  • #35,874
  • Apr 14, 2014 5:32pm Apr 14, 2014 5:32pm
Quoting toledoFX
{quote} Had the same entry on NZD/USD today, but left too early... Lack of discipline and patience is my always problem. And can you explain why you took AUD deal and did it much later after TDI cross?
yes I took this trade much later as I was still in a long on the U/Cad pair. I don't like to be long on both pairs at the same time. It is one or the other. To be long on this pair is going with the daily trend
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #35,875
  • Apr 14, 2014 5:34pm Apr 14, 2014 5:34pm
Quoting thinkpad123
{quote} Big E was right on these ratios Since my recent account with exness i have taken 185 trades using TMS out of which 104 were winners. Hence giving me 72.3% winning ratio. Risking 2 percent per trade. For the people still struggling there is still hope and every one can get this ratio following the simple rules laid out by Big E plus some basic fx stuff like watching for 1.support resistance , 2.trend, 3.momentum, 4.candle formation, 5.timing. It just takes two mins to draw two lines at nearby support and resistance in the morning. Zoom out...
Hi Thinkpad123,

Great trading and inspiring all of us like Phx62 trades. Please can you post some of your trade charts for each situation like
S/R levels. 1. Pin bar 2. Engulfing bar 3. Master candle setup.you
It will help us to understand the entries with more clearly.

Regards
  • #35,876
  • Apr 14, 2014 5:37pm Apr 14, 2014 5:37pm
Quoting thinkpad123
{quote} I am currently trading A/J, E/j, E/A, G/A, G/j, C/J , Gold, Oil One more thing I like to add is just pick and manage your trade in the same time frame, For example if you have spot a trade in H4 and go to H1 to know what's happening there and you will see a different scenario there which will create a mess in your head. Plus each time frame has its own trend for example daily maybe in up trend but h4 at the same time may shows a down trend. So trade within one time frame that will release you from a lot of stress. Keep it simple See a trade=Place...
  • #35,877
  • Apr 14, 2014 5:38pm Apr 14, 2014 5:38pm
I rarely trade the daily as I am more accustomed trading hourly. I am kiwi bullish so I took this trade. There were a couple of pin bars too
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the cautious seldom err....C
  • #35,878
  • Apr 14, 2014 5:56pm Apr 14, 2014 5:56pm
Quoting Erol
I know a lot of people back-test their strategies, some jump in feet first seeing other people make $ and then realise they might be missing a few things when they have a string of losses (this is part of the learning curve). If that is the case for some of you right now, do you properly understand the expectancy of the system you are trading in the TMS thread, are you trading a system that is right for your personality and your beliefs about trading? More importantly, do you believe being right and making money are equivalent? If the answer is...
Great article Erol, food for thought. Cheers for the upload.
  • #35,879
  • Apr 14, 2014 5:56pm Apr 14, 2014 5:56pm
Trailing Stop:

Here is an example how I manage my 4H swing trades to 'Let Profits Run'. This method I learn from the Synergy trading model which the TMS 5-Method evolved from.
To keep this simple, I move my Trailing Stop TS once every 4 hour using the H4 chart candlestick. At the close of every H4 candle, I will move my TS to the high of the 2 candles before. This is what some call a '2 candles look back'.
This is an efective and proven trade management method looking at the APB / HA candles. Flat upper end APB/HA candles show seller strength in the SELL trade example.
There are exception cases and I will post an example when I see one.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD week16 H4 trade CS trailing stop.png Size: 37 KB


Note: Most platform' trailing stop do not work this way. They trail with a defined number of pips behind the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,880
  • Apr 14, 2014 5:58pm Apr 14, 2014 5:58pm
Quoting bdnfx86
Took a small long position on GJ 4hrly {image}{image}
1st TP reached, 2/3 stopped out at b/e + ~1
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