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Trading Made Simple

  • #36,341
  • Apr 17, 2014 7:50am Apr 17, 2014 7:50am
Quoting mkfx
{quote} I have one suggestion you may include one more situation FOR LONG 1. Color change in APB first condition. 2. TDI cross even below MBL long BUT PA is above 50 EMA ( however , Most of the time when PA is above 50 EMA TDI is already above MBL) but some time this situation comes and you can get a setup. FOR SHORT vice versa Regards
hi mkfx ,

I take crosses below MBL only if they are IN not NEAR oversold area and the overall trend is positive and believe me they are A+++ trades with huge moves.
Now if you want to use 50 EMA for trend direction is ok . I only look if there is any heavy support or resistance that will signal to bypass the trade or wait depends on situtation.

Hope this helps. Thanks for comments.

Alex
  • #36,342
  • Apr 17, 2014 8:16am Apr 17, 2014 8:16am
So, wanna say some words about my Daily trading this week. It was first week i try TMS and i should say it's really nice system. I didn't take a huge amount of pips, but i had no losses and no red deals. I am sure future will shows that it's a right way to follow. Just learning and watching different situations. I am sure, in several weeks results may be much better. Was trading Daily but took 2 trades on H1 and M15. All the week was learning these timeframes too. I love H1 timeframe but still didn't find a good way to trade it by TMS rules. But i will try to find. So these are my deals this week (not the best week if we talk about trends and generall movement):
Daily:
USD/CAD +5 (Closed by trailing stop) Long
EUR/USD +6 (Closed by trailing stop) Short
AUD/USD +16 (Closed manually, because price couldn't broke strong H1 resistance 0.9340 for several days) Short
EUR/JPY +20 (Put a small T/P because of thursday, don't want to leave the deal on holiday-friday) Long
GBP/JPY +1 (Closed manually because of coming holidays, don't want to leave open deals) Long
H1:
NZD/USD +4 (Monday deal. Could have more profit, but exit too early) Long
M15:
EUR/JPY +7 (Monday deal. Continuation of trend) Short
EUR/JPY +1 (Monday deal. Continuation of trend. Exit too early, could have about 20 pips) Short

I know that it's not a big deal, not a huge amount of pips. But! It's a system that works. I made some mistakes, made some wrong exits, but that's the question of experience. It needs time to understand the system and to get used to it. For this week my TMS trades are finished, i think. Next week i will continue Daily trades and will try EUR/JPY on H1 and maybe M15 timeframe. Will see what it be. When trying to take a lot of pairs on all timeframes my head starts to burn So will start from one or two pairs and watch how the system works on H1 and M15 timeframes.
  • #36,343
  • Apr 17, 2014 8:26am Apr 17, 2014 8:26am
Quoting alex8585
{quote} hi mkfx , I take crosses below MBL only if they are IN not NEAR oversold area and the overall trend is positive and believe me they are A+++ trades with huge moves. Now if you want to use 50 EMA for trend direction is ok . I only look if there is any heavy support or resistance that will signal to bypass the trade or wait depends on situtation. Hope this helps. Thanks for comments. Alex
Hello! Very interesting to understand your way of trading daily charts! Thank you for your comments! Can you show some screenshots of your entries? That would be really interesting! As far as i understand you enter only by trend, when Green TDI cross not only Red, but Yellow also. Didn't clearly understand what you meant about oversold and overbought areas?
---
P.S. Also wanted to thank Erol who posted PCRF pdf ! That's really intersting! And many thanks to Phx62 for this pattern!
  • #36,344
  • Apr 17, 2014 8:34am Apr 17, 2014 8:34am
Quoting toledoFX
{quote} Hello! Very interesting to understand your way of trading daily charts! Thank you for your comments! Can you show some screenshots of your entries? That would be really interesting! As far as i understand you enter only by trend, when Green TDI cross not only Red, but Yellow also. Didn't clearly understand what you meant about oversold and overbought areas? --- P.S. Also wanted to thank Erol who posted PCRF pdf ! That's really intersting! Thanks to Erol and Phx62 for this pattern!
Hi toledoFX ,

Look now i am at work and it is impossible. But from the next week i will post trades that i will take with detailed screenshots in order to make it clear.

No i trade only when the green crosses the red but the cross occures over the yellow line.
Oversold i mean that cross occures below the level 32 in TDI . Overbought via verca.

Hope this helps if any question ask please.

Alex
  • #36,345
  • Apr 17, 2014 8:44am Apr 17, 2014 8:44am
EA H1 trade in asia session after Tokyo open and break above pullback candle and asia range,
bounce off rising trendline, previous candles made HL, TDI already crossed, green bounce, red sloping to upside.
Have a good weekend everyone and a Happy Easter!
Attached Image (click to enlarge)
Click to Enlarge Name: Greenshot_2014-04-17_08-35-25EAUDH1.png Size: 59 KB
If you're going through hell, keep going. Winston Churchill
  • #36,346
  • Apr 17, 2014 9:00am Apr 17, 2014 9:00am
Quoting geomoon
{quote} That makes sense..... , Thanks for the explanation. Cheers
Exited EURJPY H1 on 2 stages
1st at +28 pips
2nd at +15 pips
=> average +22 pips before Easter

Because of the holidays the next days I will not enter on the TMS signals on H1 for EURAUD and EURJPY now.

Happy Easter
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-04-17 15.40 EURJPY H1 - profit.png Size: 149 KB
fxFox (all times in my charts are GMT+1)
  • #36,347
  • Apr 17, 2014 9:03am Apr 17, 2014 9:03am
Quoting Imi
EA H1 trade in asia session after Tokyo open and break above pullback candle and asia range, bounce off rising trendline, previous candles made HL, TDI already crossed, green bounce, red sloping to upside. Have a good weekend everyone and a Happy Easter! {image}
Very nice trade
Unfortunately this is my sleeping time and I am not the man to stand up for trading middle in the night as others are able to do. For that my sleep is too valuable.
fxFox (all times in my charts are GMT+1)
  • #36,348
  • Apr 17, 2014 9:15am Apr 17, 2014 9:15am
Quoting alex8585
{quote} Hi toledoFX , Look now i am at work and it is impossible. But from the next week i will post trades that i will take with detailed screenshots in order to make it clear. No i trade only when the green crosses the red but the cross occures over the yellow line. Oversold i mean that cross occures below the level 32 in TDI . Overbought via verca. Hope this helps if any question ask please. Alex
Yep, i understand what is oversold and overbought areas Just asked how you use them in your entries! You enter long only when TDI cross occures in oversold area or near it? About yellow line now i understood your way, thank you!
  • #36,349
  • Apr 17, 2014 9:36am Apr 17, 2014 9:36am
Quoting fxFox.mb
{quote} Very nice trade Unfortunately this is my sleeping time and I am not the man to stand up for trading middle in the night as others are able to do. For that my sleep is too valuable.
I am in the same shoes my friend, but the other way around, I can't trade the London session
good luck to you ...
If you're going through hell, keep going. Winston Churchill
  • #36,350
  • Apr 17, 2014 9:46am Apr 17, 2014 9:46am
Hi guys. Wondered if somebody could help me. I am looking for the formula to mimic the TDI that I need to put into the mobile FXCM app. Somebody on this thread had shown this sometime back although it was not for the app. I know you have to go to the regular RSI in the app but no idea what to change and add.
Thanks.
  • #36,351
  • Apr 17, 2014 10:08am Apr 17, 2014 10:08am
1 trade taken yesterday and 1 today on EN. First trade was set with a tp of 100 which it missed by a few so I came out manually after the large pin and the tdi turning up +68, taken after h1 bearish divergence and price closing back inside the daily channel (orange trendline)

Second trade had that also set to 100 pip take profit but took 50 when it came back down from the high made earlier, it may go higher but I am happy with that
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdmh1.png Size: 32 KB
  • #36,352
  • Apr 17, 2014 10:08am Apr 17, 2014 10:08am
I have tried the 15M for the last 10 days, and I lost most of my trade, and I have to monitor every 15M. I read Px62 trade and really impressed with his result.
I am practicing H1 from now on.
I have entered 3 trade today GU, UJ and GJ. Two of them turn out to be winner, and GJ is still running.

Please comment them for me. I always take profit and SL on my trade. My target is about 30-40 pips each day.

Both trades depend on PA and TDI cross
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy-h1-fxdirectdealer.png Size: 56 KB
Click to Enlarge Name: gbpusd-h1-fxdirectdealer.png Size: 48 KB
  • #36,353
  • Apr 17, 2014 10:10am Apr 17, 2014 10:10am
Quoting Bucko6667
Hi guys. Wondered if somebody could help me. I am looking for the formula to mimic the TDI that I need to put into the mobile FXCM app. Somebody on this thread had shown this sometime back although it was not for the app. I know you have to go to the regular RSI in the app but no idea what to change and add. Thanks.
It's in PDF format if you click on the paperclip at the top of this thread, or if you click my name it is under files I have posted.
War. Is my profession.
  • #36,354
  • Apr 17, 2014 10:17am Apr 17, 2014 10:17am
Quoting Direwolf
Hi GilR, Bizzzle. These are trades I took 2 hours before LO. I marked my entry point with green vertical line. Obviously they are not looking good. Would love your opinion and everyone's opinion as well. Thank you! {image}
Hi guys. I just got home and here's an update to my trading.
I set a 10 pips trailing SL which would be triggered when my trade is 10 pips in profit.

SGDJPY closed manually at -20
AUDCHF trailing SL triggered and stopped out at +3
AUDCAD closed manually at +29.
So, +12 pips for the day.
Attached Image


Quoting GilR
{quote} The two Aussie pairs are going ok for you, but how come you can trade SGDJPY? What spread? Also, did you enter on the third red candle? or during the second ? Gil
Thanks GilR.
The green line I marked was a forming candle which was my entry point. A bit late entry since I got to my chart about 15 minutes after candle open. My spread + commission for this pair was about 2.5 pips.
Everything you can imagine, is real - Pablo Picasso
  • #36,355
  • Apr 17, 2014 10:40am Apr 17, 2014 10:40am
Thank you L0pg
  • #36,356
  • Apr 17, 2014 11:08am Apr 17, 2014 11:08am
L0pg. Do you have the sequence to add the yellow MBL line and also the volatility bands. Your PDF does not include that information. thank you again.
  • #36,357
  • Apr 17, 2014 11:09am Apr 17, 2014 11:09am
Hi guys,
I Just dropped in to wish Everyone a Happy Easter..
  • #36,358
  • Apr 17, 2014 12:09pm Apr 17, 2014 12:09pm
Quoting gavman
{quote} Thanks Next4467, Thanks for the help with this one - it seems like we have different indis for these Breakout Boxes as the inputs on mine are quite different to yours. I got mine from where Emmanuel showed on his post 36,291. Which indi are you using - does it look the same as Phx62 has on his charts? If so, please can you let me know the name so I can do a search. Thanks for your kindness, Gavin
Hi gavman
sorry for the delay, i have been away from the computer all day. My indi is called session range, i think its the same as phx62's.

Try it.
Attached File(s)
File Type: ex4 Session Range.ex4   12 KB | 455 downloads
  • #36,359
  • Apr 17, 2014 12:46pm Apr 17, 2014 12:46pm
Quoting Next4467
{quote} Hi gavman sorry for the delay, i have been away from the computer all day. My indi is called session range, i think its the same as phx62's. Try it. {file}

Hello Next4467,
I think the time is kind of confusing. It is 00/7:00/13:00
I think it is supposed to be 00/8:00/15:00

I try to change it to these number but it is the same old time on my chart.
Could you tell me if I did something wrong?

Thanks
  • #36,360
  • Apr 17, 2014 12:56pm Apr 17, 2014 12:56pm
Quoting sharincarin
{quote} Hello Next4467, I think the time is kind of confusing. It is 00/7:00/13:00 I think it is supposed to be 00/8:00/15:00 I try to change it to these number but it is the same old time on my chart. Could you tell me if I did something wrong? Thanks
I think you can only change the GMToffset.
Attached Image
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