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Trading Made Simple

  • #37,061
  • May 2, 2014 4:11pm May 2, 2014 4:11pm
Quoting stevepatt
{quote} Hi Omonisha, I'd don't see the trades you have taken are following TMS rules you got very lucky that NFP went your way. The setups you have highlighted are weak even if you are following just plain PA.
Hi stevepatt

Thanks for your comment....Those trade was my first daily trade based on PA....i post chart so that if i make mistake can be point out by seniors..
Could you please point out the weak area so i may be benefited....

Thanks and Regards

Omonisha
Sad i'm not trying to understand PA
  • #37,062
  • May 2, 2014 9:04pm May 2, 2014 9:04pm
Very long Trade with small channel. I was waiting for breakout and stayed in trade as both red/green still under MBL and price is making LL on H1. Finally happy ending with +34 pips. A senior member (munirpt) has good description of price and TDI trends. I usually have this sticky on my monitor.


"A - price made LL (trend down) - TDI crossed up, but below MBL (not strong signal)

B - price made LH (trend down) - TDI crossed down, but above MBL (not a strong signal)

C - price made HL (trend up) - TDI crossed up, above MBL (strong signal)

what defines TDI trend is the MBL.

what defines price trend is swing cycles(HH,HL,LL,LH).

whenever price trend and TDI trend are in harmony = $$$$$"


Attached Image (click to enlarge)
Click to Enlarge Name: nfp.png Size: 35 KB
  • #37,063
  • May 2, 2014 10:52pm May 2, 2014 10:52pm
Quoting hoperich
Very long Trade with small channel. I was waiting for breakout and stayed in trade as both red/green still under MBL and price is making LL on H1. Finally happy ending with +34 pips. A senior member (munirpt) has good description of price and TDI trends. I usually have this sticky on my monitor. "A - price made LL (trend down) - TDI crossed up, but below MBL (not strong signal) B - price made LH (trend down) - TDI crossed down, but above MBL (not a strong signal) C - price made HL (trend up) - TDI crossed up, above MBL (strong signal) what defines...
Hi . can you share the post, I know that post but could not find it even I tried too, thats very god tip, and trader trading TMS must understand it clearly

Many thanks
I Have Learned to Take Some Losses to Make Profits
  • #37,064
  • May 2, 2014 11:33pm May 2, 2014 11:33pm
Quoting TheScorpS
{quote} Hi . can you share the post, I know that post but could not find it even I tried too, thats very god tip, and trader trading TMS must understand it clearly Many thanks
Here you go: http://www.forexfactory.com/showthre...34#post7021734
  • #37,065
  • May 2, 2014 11:38pm May 2, 2014 11:38pm
Took 2 trade on daily on May 1, 2014 GN and EN as they formed the same setups. I couldn't trade EA H1 for last 2 days and glad as it didn't gave me any good setups and I was already in these 2 trade.

GN Daily (Trade hit my SL and closed with profits)
Attached Image (click to enlarge)
Click to Enlarge Name: GN Daily 010514 sell.png Size: 197 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GN Daily Profits taken.png Size: 211 KB


EN Daily (Still open )
Attached Image (click to enlarge)
Click to Enlarge Name: EZ Daily 010514 Sell.png Size: 195 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EN Daily Profits taken.png Size: 207 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EZ Daily 030514 target hit.png Size: 207 KB


Why its a bad idea to keep your SL close or small on Big Time frames ?
Attached Image (click to enlarge)
Click to Enlarge Name: DailyGBPNZD_M1440_2014.05.01 15_04 SL.gif Size: 27 KB


And it came back in the previous trade direction and continued after the news.

Regards
  • #37,066
  • May 3, 2014 3:35am May 3, 2014 3:35am
Quoting omonisha
{quote} Hi stevepatt Thanks for your comment....Those trade was my first daily trade based on PA....i post chart so that if i make mistake can be point out by seniors.. Could you please point out the weak area so i may be benefited.... Thanks and Regards Omonisha
Hi Omonisha,

See the charts below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3rd May 14 EUR:USD D1 Chart.png Size: 142 KB
Click to Enlarge Name: 3rd May 14 GBP:USD W1 Chart.png Size: 119 KB
Click to Enlarge Name: 3rd May 14 GBP:USD D1 Chart.png Size: 136 KB
Click to Enlarge Name: 3rd May 14 USD:JPY W1 Chart.png Size: 89 KB
Click to Enlarge Name: 3rd May 14 USD:JPY D1 Chart.png Size: 103 KB
  • #37,067
  • May 3, 2014 4:02am May 3, 2014 4:02am
Quoting nsscott
{quote} Can someone please tell me what defines a Master Candle? Thanks!

Hello nsscott,

Read post 25596:
http://www.forexfactory.com/showthre...85#post6993185

Also when you use the forum search with keyword: 'Master Candle'
you will have 255 posts to read this weekend.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,068
  • May 3, 2014 4:10am May 3, 2014 4:10am
Quoting emmanuel7788
Hello Folks, Just signing in to catch up with the last weeks post and reply all the PMs. I am still enjoying my short vacation break the past 2 weeks since Holy Week. Will slowly get back to top speed soon once I catch up with the market rhythm. Remember what Big E posted many times in the CHS thread, "'.... do not trade consolidation market..." Learn to identify when market goes into consolidation especially when the trading range gets narrow. You folks take care and trade well. Kind regards, EMMANUEL
hello emmanuel, see how the market will consolidate seen after but rarely before ... On what element do you determine consolidation?

Attached Image (click to enlarge)
Click to Enlarge Name: conso.JPG Size: 134 KB
  • #37,069
  • Edited 6:22am May 3, 2014 4:14am | Edited 6:22am
Quoting hostwey
{quote} Yes it could go either way but I've just noticed something, which isn't strictly TMS but might be of interest to traders (this is probably pretty obvious to experienced ones). Master candles tend to create supply and demand zones, and this zones tend to be created 'at the extremes' of moves, when the market goes beyond say its ADR or beyond support / resistance and you get a sudden pullback, and PA retreats very quickly suggesting a serious supply/demand imbalance in that area. My theory is if the MC creates a demand zone then the probability...



Good post by hostwey.

For advance TMS traders,

Master Candle MC are also in many cases Wide Range Bar WRB on our chart.
If you are interested in more Price Action trading using WRB analysis, here is a good resource website to read up on WRB Analysis.
http://www.thestrategylab.com/WRBAnalysisTutorials.htm
Combine these WRB with TMS, you will find many more A+++ trade setups which will make you money.

To those of you who are new traders, be patient. Learn and master the 5-Method first then you will gradually progress to more advance stuff. There is plenty to learn and to be better traders.

Trade Well

regards,

EMMANUEL

Edit: Here is the pdf of WRB Analysis in case you are not able to download this free pdf at the website.
Warning - This is not for new traders. WRB Analysis is for experienced traders who are advance TMS traders who trade the higher timeframes swing and position trading using the H4 and D charts.
Attached File(s)
File Type: pdf WRB_Analysis_Tutorials_011914_v2.5.pdf   2.2 MB | 5,760 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,070
  • May 3, 2014 5:41am May 3, 2014 5:41am
what a day it has been. No proper internet access since NFP report. Got the connection back not too long ago but no access to fxcm platform...shutdown over the weekend for maintenance. Luckily, my trades were position trades. I am still £ bullish and my thoughts are with Stevepatt on G/U
the cautious seldom err....C
  • #37,071
  • May 3, 2014 8:23am May 3, 2014 8:23am
Quoting hoperich
Very long Trade with small channel. I was waiting for breakout and stayed in trade as both red/green still under MBL and price is making LL on H1. Finally happy ending with +34 pips. A senior member (munirpt) has good description of price and TDI trends. I usually have this sticky on my monitor. "A - price made LL (trend down) - TDI crossed up, but below MBL (not strong signal) B - price made LH (trend down) - TDI crossed down, but above MBL (not a strong signal) C - price made HL (trend up) - TDI crossed up, above MBL (strong signal) what defines...
Just trading Green above/under Red on Daily charts isn't working for me.

I'm also moving more towards the Synergy approach to trading i.e using PriceLine(Green) above Trade Signal Line (Red) above Market Base Line (orange) above 50 Level go long and visa-versa for short.

This isn't pure TMS but it is defiantly Synergy BigE said to adapt TMS to make it work for you that's what I'm doing. This approach is more waiting for a trend to be established then waiting for pull backs and taking trades in the direction of the established trend.

If anyone has a problem with me posting this approach to trading TMS I'll stop posting.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3rd May 14 AUD:USD D1 Chart.png Size: 193 KB
Click to Enlarge Name: 3rd May 14 USD:CHF D1 Chart.png Size: 191 KB
  • #37,072
  • May 3, 2014 10:24am May 3, 2014 10:24am
Quoting stevepatt
{quote} Just trading Green above/under Red on Daily charts isn't working for me. I'm also moving more towards the Synergy approach to trading i.e using PriceLine(Green) above Trade Signal Line (Red) above Market Base Line (orange) above 50 Level go long and visa-versa for short. This isn't pure TMS but it is defiantly Synergy BigE said to adapt TMS to make it work for you that's what I'm doing. This approach is more waiting for a trend to be established then waiting for pull backs and taking trades in the direction of the established trend. If anyone...
As far as I'm concerned - keep posting...
Pip what you see; See what you pip!
  • #37,073
  • Edited 11:54am May 3, 2014 11:38am | Edited 11:54am
Quoting stevepatt
{quote} Hi Omonisha, See the charts below. {image} {image} {image} {image} {image}
stevepatt. I think Omonisha's trades are pretty good but risky and aggressive (even more aggressive than TMS!).

However because he is selling very close to supply and buying very close to demand he's almost front running the banks (buying at wholesale, selling at retail etc etc).

However the risk/reward of trading very close to supply/demand zones and is usually very good and help mitigate some of the risk. You only have to be right half the time and so on.

The 'weak supply' on EURUSD was freshly created, and they usually hold. 'Worst case scenario' is that you get a test and bounce. Usually stops above (new) supply and below (new) demand are pretty safe, especially on the higher time frame charts.

Going short on the creation of weak EU supply (without waiting for PA and TDI cross etc) then the risk would have been a mere 4 pips + spread.
  • #37,074
  • May 3, 2014 12:20pm May 3, 2014 12:20pm
Quoting lastingwell
{quote} Here you go: http://www.forexfactory.com/showthre...34#post7021734
Thanks Lastingwell

Was really good post that I need to save in my trading folder
I Have Learned to Take Some Losses to Make Profits
  • #37,075
  • May 3, 2014 12:37pm May 3, 2014 12:37pm
Quoting stevepatt
{quote} Just trading Green above/under Red on Daily charts isn't working for me. I'm also moving more towards the Synergy approach to trading i.e using PriceLine(Green) above Trade Signal Line (Red) above Market Base Line (orange) above 50 Level go long and visa-versa for short. This isn't pure TMS but it is defiantly Synergy BigE said to adapt TMS to make it work for you that's what I'm doing. This approach is more waiting for a trend to be established then waiting for pull backs and taking trades in the direction of the established trend. If anyone...
Hi stevepatt,
I was using the pure TMS with TDI red/green crosses with success but less pips. Since I adopt the red/green over and under MBL more pips and reliable trades. Of course I check the H4 before H1 and D before H4 trades. One timeframe above your trading timeframe keep you in the right direction. Also for early entries, we can use smaller timeframes such as M15 for H1 etc. I have learned a lot from phx62 posts along with Bizzzle, Imi and list goes on.

Happy Trading
Hoperich
  • #37,076
  • May 3, 2014 12:40pm May 3, 2014 12:40pm
Quoting TheScorpS
{quote} Thanks Lastingwell Was really good post that I need to save in my trading folder
Hi Scorps,

Sorry just noticed Lastingwell have already post the link. So thank you lastingwell.

Hoperich
  • #37,077
  • May 3, 2014 2:18pm May 3, 2014 2:18pm
Hi Stevepatt, I personally am fine with you talking about synergy of which the TDI is part. I use Synergy and haven't found anything better. Also your strategy of buying/selling dips and rallies in an established trend has been shown to give the highest percentage chance of the trade going in your favour and is the way I trade and is recommended by Market Wizard Linda Bradford Raschke. In addition, you'll find the chances of the trade working out are improved if on the TDI the green, red and MBL are all moving in the same direction. You'll also find more set-ups using lower time-frames. How far will it pull-back, here fibs help and having the longer-term guppies on your charts may also help. I also monitor plenty of charts, not to trade them all, but to narrow it down to the few showing a pull-back set-up at that moment.

The creator of Synergy and the TDI, Dean Malone, has made about 500 excellent videos dealing with all aspects of trading which are freely available over at compassfx.com. Some deal specifically with using Synergy and TDI which is where Big E got it from and are well worth watching. Some too to deal with his DOTS system which are worth a look if only to see how useful Daryl Guppy's multiple moving averages can be which I tend to use in conjunction with the TDI and price action. Even then, with all that said, it's still a percentage game. Plenty of times I'll trade a pull-back in a trend that looks as though it's starting to move up to continue the trend and it stalls and doesn't go anywhere, or it starts to move and then reverses on me. No matter how long we trade, some go with you and some just don't. As others have said plenty of times on this thread, Phx62 remains the best trader to study. Just in case you or anyone else didn't know, his pdf's can be found in the paper-clip at the top of the page. Good trading.
  • #37,078
  • May 3, 2014 4:24pm May 3, 2014 4:24pm
Quoting hostwey
{quote} stevepatt. I think Omonisha's trades are pretty good but risky and aggressive (even more aggressive than TMS!). However because he is selling very close to supply and buying very close to demand he's almost front running the banks (buying at wholesale, selling at retail etc etc). However the risk/reward of trading very close to supply/demand zones and is usually very good and help mitigate some of the risk. You only have to be right half the time and so on. The 'weak supply' on EURUSD was freshly created, and they usually hold. 'Worst case...
Hi Hostwey,

This is what makes trading so diverse, everyone sees the market in a different way, and no one is right or wrong they just do what works for them.
  • #37,079
  • May 4, 2014 5:59am May 4, 2014 5:59am
Quoting stevepatt
{quote} Just trading Green above/under Red on Daily charts isn't working for me. I'm also moving more towards the Synergy approach to trading i.e using PriceLine(Green) above Trade Signal Line (Red) above Market Base Line (orange) above 50 Level go long and visa-versa for short. This isn't pure TMS but it is defiantly Synergy BigE said to adapt TMS to make it work for you that's what I'm doing. This approach is more waiting for a trend to be established then waiting for pull backs and taking trades in the direction of the established trend. If anyone...

Please keep posting Daily chart trading style. Your trading style looks like when the PA make LL,LH,HL,HH and in TDI when green crosses red above MBL, trade is usually safer. But when you will exit and where will be the stop loss. I use guppy's to look for trend.
Did anyone of you tried Dean Malone's DOT Guppy method? If yes, how are the results?

How many pairs do you trade?
How many trade you take in a month,?
Thanks for the post. Hoping to see more this kind of post.
  • #37,080
  • May 4, 2014 6:34am May 4, 2014 6:34am
Quoting stevepatt
{quote} Just trading Green above/under Red on Daily charts isn't working for me. I'm also moving more towards the Synergy approach to trading i.e using PriceLine(Green) above Trade Signal Line (Red) above Market Base Line (orange) above 50 Level go long and visa-versa for short. This isn't pure TMS but it is defiantly Synergy BigE said to adapt TMS to make it work for you that's what I'm doing. This approach is more waiting for a trend to be established then waiting for pull backs and taking trades in the direction of the established trend. If anyone...

Hello Steve,

You are a very experienced and astute trader going back many years and in different threads in FF.
So please continue to post and share your knowledge and experience here, There are many new traders wanting to learn to trade the 5-Method and this TMS thread is where eelfranz started so that we can continue and discuss the 5-Method.

I recall this post by eelfranz where he mentioned the blending of Synergy and his 5-Method. I am a conservative trader and I prefer the 5-Method with the use of the 5SMMA as Price Action Channel.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E CHS post149 blending Synergy with 5Method.png Size: 300 KB


Kind regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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