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Trading Made Simple

  • #36,561
  • Apr 22, 2014 9:13am Apr 22, 2014 9:13am
Quoting stevepatt
{quote} Hi Gil, I agree by sticking to Eric's way of trading can be profitable as long as we don't get hung up by R:R. Eric could make good money because he was trading with full lots, he aimed for 50 pips a day ($500), if a trade went against him he got out straight away with a small loss he didn't just hang in there wishing and hoping it would turn around that's what trading with full lots does for you, you cut your mistakes short. He watched the angle of the TDI as the trade went his way and got out as soon as it turned against him and would...
That's something I've been experimenting since I'm trading TMS and I'm adjusting to that. I'm sticking to the capability of the system to produce small wins in day trades and close them. Only a few times I decide to skip exit rules and let some trades run longer based on my analysis trusting they will turn in medium or big wins. We should appreciate this advantage of TMS, once you enter a trade it's very probable it will be in green soon and fast, from that point we have to make our part to manage the trade.
  • #36,562
  • Apr 22, 2014 10:30am Apr 22, 2014 10:30am
Quoting GilR
Yesterday USDCHF -22 Today London 6am: AUDCAD +7 London 10am: EURUSD +13; USDJPY +5 Slow day, but all good-- thanks Big E strategy
Nice trades today GilR

Extended my long weekend over today but I'll be back on the scout for pips come 6am tomorrow

I've also added some of the pairs that yourself and Bizzzle have been trading so it should be interesting to trade alongside each other!
Focus on the process and the profits will follow
  • #36,563
  • Apr 22, 2014 11:13am Apr 22, 2014 11:13am
I don't know how many are aware of it but the TDI is made up of a 7 Simple MA Red and a 2 Simple MA Green essentially we are trading the cross of two MAs.

That is why it is so sensitive to price movement.

I'm not trying to detract from the thread but I think it's important to understand the indicator we are relying on for our trading decisions it certainly takes away the mystery.
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  • #36,564
  • Apr 22, 2014 11:38am Apr 22, 2014 11:38am
two h4 trades at 10am going nowhere and one H1 trade where some profits taken and at b/e .
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the cautious seldom err....C
  • #36,565
  • Apr 22, 2014 11:55am Apr 22, 2014 11:55am
hello phx62
can help me if it is possible to avoid losing trade?
At the time the cross tdi ha and price through resistance then returns directly below the resistance and a lower bounce tdi.

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  • #36,566
  • Apr 22, 2014 12:28pm Apr 22, 2014 12:28pm
Quoting stevepatt
I don't know how many are aware of it but the TDI is made up of a 7 Simple MA Red and a 2 Simple MA Green essentially we are trading the cross of two MAs. That is why it is so sensitive to price movement. I'm not trying to detract from the thread but I think it's important to understand the indicator we are relying on for our trading decisions it certainly takes away the mystery. {image}
I think it's why the method works so well.. Built upon good fundamentals and some checks and balances. RSI set with these settings works same as is explained in original intro of this method. Including the channel.
  • #36,567
  • Apr 22, 2014 12:34pm Apr 22, 2014 12:34pm
Started reading this thread, mainly concentrating on the main updates as suggested on Post #1, but man is there a lot of reading. Some good stuff amongst it all but there has to be a better way to filter out 915 pages of posts. I'll keep going though. Cheers. Jim
JAGfx
  • #36,568
  • Apr 22, 2014 12:47pm Apr 22, 2014 12:47pm
Quoting stevepatt
I don't know how many are aware of it but the TDI is made up of a 7 Simple MA Red and a 2 Simple MA Green essentially we are trading the cross of two MAs. That is why it is so sensitive to price movement. I'm not trying to detract from the thread but I think it's important to understand the indicator we are relying on for our trading decisions it certainly takes away the mystery. {image}
If you want to learn more about the TDI you can refer to CompassFX where Dean malone has a ton of videos that explain the indicator. I like the TDI because it does not move until a new candle forms, instead of moving the whole time price is fluctuating.
  • #36,569
  • Apr 22, 2014 1:05pm Apr 22, 2014 1:05pm
Quoting buff
Started reading this thread, mainly concentrating on the main updates as suggested on Post #1, but man is there a lot of reading. Some good stuff amongst it all but there has to be a better way to filter out 915 pages of posts. I'll keep going though. Cheers. Jim
Just pay attention to Phx62, Bizzle, and Snarlyjack's posts about TMS (hope i didn't leave anyone out). There are others too that have helped alot, but those i listed are the one's I've payed close attention to. Someone compiled Phx62's post into several .PDF's complete with pictures and Q&A. That should keep you busy for a while. They can be located at the top of the page by clicking on the paperclip. I did read most of this thread but i don't think its necessary to read ALL of it. Just find who sticks to the way the creator traded or at least close.
  • #36,570
  • Apr 22, 2014 1:10pm Apr 22, 2014 1:10pm
Quoting Agk007
{quote} If you want to learn more about the TDI you can refer to CompassFX where Dean malone has a ton of videos that explain the indicator. I like the TDI because it does not move until a new candle forms, instead of moving the whole time price is fluctuating.

Hi Agk007,

The part of the TDI that represents the current candle moves with it until the current candle closes then it is set. If yours is not moving you need to refresh your chart.

I've watched a lot of Dean Malone's videos, that cover the TDI, but never realised until I started superimposing MAs over the Green line what it actually was.

It has led me to start looking at it in a slightly different way which I won't go into here because I don't want to start introducing anything else into the thread.
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  • #36,571
  • Apr 22, 2014 1:43pm Apr 22, 2014 1:43pm
Quoting stevepatt
{quote} I've watched a lot of Dean Malone's videos, that cover the TDI, but never realised until I started superimposing MAs over the Green line what it actually was. It has led me to start looking at it in a slightly different way which I won't go into here because I don't want to start introducing anything else into the thread. {image}
Hello Steve,
I encourage you to post your thinking. Where better to post a different perspective or education/information about the TDI than the thread that is based on it?
Kan
Thanks for your help, warmth and straight talking Heather.
  • #36,572
  • Apr 22, 2014 1:50pm Apr 22, 2014 1:50pm
NZD looks strong on daily charts. Some long opportunities seems probable.

http://i.imgur.com/hWF6LfX.png

http://i.imgur.com/MvPMnsO.png

http://i.imgur.com/5OSnfXu.png
  • #36,573
  • Apr 22, 2014 2:25pm Apr 22, 2014 2:25pm
Quoting stevepatt
{quote} Hi Agk007, The part of the TDI that represents the current candle moves with it until the current candle closes then it is set. If yours is not moving you need to refresh your chart. I've watched a lot of Dean Malone's videos, that cover the TDI, but never realised until I started superimposing MAs over the Green line what it actually was. It has led me to start looking at it in a slightly different way which I won't go into here because I don't want to start introducing anything else into the thread. {image}
I actually have a version that does not move as the candle develops, i just prefer it that way since the moment the new candle forms it updates the red/green lines and they are fixed for the rest of that candle until a new one forms. With this method i don't think it really matters (TDI live or fixed) if you enter right when the new candle forms as stated, but say if you wait 30 minutes and you still wanted to enter to grab a few pips the signal of the TDI could change since it is live (due to minor pullback), and that could deter you from entering. I just prefer it that way, it should work either way live or fixed. (i should have noted the difference in TDI versions earlier, sorry about that.)
  • #36,574
  • Apr 22, 2014 4:24pm Apr 22, 2014 4:24pm
This is my analysis of the GBP/USD ...

This currency pair seems to be hitting a major level of resistance based on the monthly time frame (2009, 2011 and now 2014)

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The hourly time frame seems to be working its way down based on the downward bias. To further confirm the downward bias i have drawn a counter trend lines against the lows of support. I am only interested in shorting this currency pair once it breaks the trendline to the south. I will only take the TDI crosses (green below red and yellow)

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This downward bias would be null an void if the market does not break the counter line then takes out the high of 1.6840 made on 17/4/2014.

Kindest Regards

Kevin
  • #36,575
  • Apr 22, 2014 4:54pm Apr 22, 2014 4:54pm
Quoting kevinace
This is my analysis of the GBP/USD ...
Kevinace;
I really don't want to be a bugger, but there has been such a disruption to this thread of late, that I'm going to kindly suggest, that if proper TDI templates are not used and your interpretation of PA regardless of pair your analyzing, does not contain discussion of matters pertaining to TMS, please (as in your offering of GU) place your thoughts on the proper thread - http://www.forexfactory.com/showthre...11#post7421311.
As valuable as your analysis may be, this thread is strictly dedicated to TMS. WE/I have lost good, insightful, experienced and valued members of late because of non-adherence to the scope of TMS.
Please follow the rules.

Regards
Seereye
Pip what you see; See what you pip!
  • #36,576
  • Apr 22, 2014 5:04pm Apr 22, 2014 5:04pm
Quoting SeerEye
{quote} Kevinace; I really don't want to be a bugger, but there has been such a disruption to this thread of late, that I'm going to kindly suggest, that if proper TDI templates are not used and your interpretation of PA regardless of pair your analyzing, does not contain discussion of matters pertaining to TMS, please (as in your offering of GU) place your thoughts on the proper thread - http://www.forexfactory.com/showthre...11#post7421311. As valuable as your analysis may be, this thread is strictly dedicated to TMS. WE/I...
srry ... see TDI template ... just removed the template to analyze the naked chart ... was not meant to violate this thread ..

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Kindest Regards

Kevin
  • #36,577
  • Apr 22, 2014 5:10pm Apr 22, 2014 5:10pm
Quoting kevinace
This is my analysis of the GBP/USD ... This currency pair seems to be hitting a major level of resistance based on the monthly time frame (2009, 2011 and now 2014) {image} The hourly time frame seems to be working its way down based on the downward bias. To further confirm the downward bias i have drawn a counter trend lines against the lows of support. I am only interested in shorting this currency pair once it breaks the trendline to the south. I will only take the TDI crosses (green below red and yellow) {image} This downward bias would be null...
Kevin another thing to aware of. We do not trade the yellow or blue bands in TDI. It is red and green only.

You may have been confused because we have poster who still insist on posting the wrong TDI.

Big E said:
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  • #36,578
  • Apr 22, 2014 5:12pm Apr 22, 2014 5:12pm
Quoting kevinace
{quote} srry ... see TDI template ... just removed the template to analyze the naked chart ... was not meant to violate this thread .. {image} {image} Kindest Regards Kevin
Ha---- it seems you are getting hit both sides --- all is good!!
  • #36,579
  • Apr 22, 2014 5:14pm Apr 22, 2014 5:14pm
No daily trade today on NY close.

Back for 6am London unless I get signal on my Iamfx charts which close daily bar in about an hour
  • #36,580
  • Apr 22, 2014 5:24pm Apr 22, 2014 5:24pm
Quoting kevinace
{quote} srry ... see TDI template ... just removed the template to analyze the naked chart ... was not meant to violate this thread .. {image} {image} Kindest Regards Kevin
Pip what you see; See what you pip!
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