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Trading Made Simple

  • #38,081
  • Jun 5, 2014 8:37am Jun 5, 2014 8:37am
Made about 6 pips with this pair. 1st trade hit sl 14 pips and 2nd short came out with 20 pips profit. Waiting for H1 candle to close to decide
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh1.png Size: 50 KB
the cautious seldom err....C
  • #38,082
  • Jun 5, 2014 9:15am Jun 5, 2014 9:15am
Quoting Flipper58
{quote} This thread is dead for anyone but 1 month newbies, dead and gone long ago.
Sad times indeed!

TMS thread is losing its momentum fast due to people not respecting the creator or indeed the title of the thread.

It seems many consistent and profitable traders of much experience have decided there is no point posting here anymore. I only hope the few left don't follow suit.

Blowing smoke up someones nether regions will not make you a successful trader. Picking ONE system and following it might. And surely if you're here in this thread you want to learn TMS right? Not TMEmm...that is not TMS.
  • #38,083
  • Jun 5, 2014 10:16am Jun 5, 2014 10:16am
Quoting MrAussieFX
I've been away because of work and couldn't trade much. I had 1 good trade last week and one big bad trade. Today I took GA H1 trade as I got off from work and below is my explanation of the trade. I'll usually stick to the daily timeframe in future and will only trade H4, H1 when ever Ill have enough time to monitor the trades. GA H1 {image} Any support and what's my target ? {image} Did I check the higher time frame before taking the trade, Yes I did. {image} {image} Please feel free to comment and suggest. Regards
Hi MrAussieFx,

thanks for your sharing, during the time you pull the trigger, there was a news coming for GBP, have you ever consider the impact?
  • #38,084
  • Jun 5, 2014 11:04am Jun 5, 2014 11:04am
EURCAD
Sure glad I closed all positions today before the big news.


Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD am I glad .png Size: 62 KB


Tomorrow will be another new day with new challenges for Euro pairs.... still bullish..except EJ?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,085
  • Jun 5, 2014 11:16am Jun 5, 2014 11:16am
EURNZD Week23 5Jun H4 trade:
A basic TMS 5-Method setup entry but my usual trade managemet, scale out at +20pips and BE remainig position, then go stopped out and market went down the deep hole....

What a day with some many misses.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week23 H4 trades 5Jun.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,086
  • Jun 5, 2014 11:23am Jun 5, 2014 11:23am
Quoting adikashyap
{quote} May I request what this Automatic scaling is about?
to automatically increase or decrease the bars width
  • #38,087
  • Jun 5, 2014 11:29am Jun 5, 2014 11:29am
Two losses on GBPJPY this week.
Lesson learned: Do not trade against a rising MBL Yellow line and also the HTF bullishness.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week23 H4 losses .png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,088
  • Jun 5, 2014 11:36am Jun 5, 2014 11:36am
Looking at the D charts iof the Euro pairs EURUSD, EURAUD, EURNZD and EURCAD, those very long lower wicks sure clearn many stops below and market move back up now.
Better I go back to bed now since London closed aready and let the US big boys do what they want. Tomorrow is NFP so I am closing shop for this week. Made my 10% cycle for this week and cant be complaining here.

Have Fun Folks.

Goodnight.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,089
  • Jun 5, 2014 12:01pm Jun 5, 2014 12:01pm
Add auto zoom function for bars width
Enjoy
Attached File(s)
File Type: ex4 Synergy_Pro_APB_autoWidth.ex4   15 KB | 429 downloads
File Type: ex4 Synergy_APB_autoWidth.ex4   10 KB | 459 downloads
  • #38,090
  • Jun 5, 2014 12:49pm Jun 5, 2014 12:49pm
Quoting irishtoffy
{quote} Sad times indeed! TMS thread is losing its momentum fast due to people not respecting the creator or indeed the title of the thread. It seems many consistent and profitable traders of much experience have decided there is no point posting here anymore. I only hope the few left don't follow suit. Blowing smoke up someones nether regions will not make you a successful trader. Picking ONE system and following it might. And surely if you're here in this thread you want to learn TMS right? Not TMEmm...that is not TMS.
This unfortunately happens in most Forums. Unless the owner or moderators are firm with rules. Been expecting this slide in content. More irrelevancy will doom it. Save what is relevant to Eefranz concept and hope for the best. A lot of traders have profited by Eefranz method and awoken some other similar methods he gave credit to.
  • #38,091
  • Jun 5, 2014 1:08pm Jun 5, 2014 1:08pm
Guys
Does TDI repaint?
I sometimes see the Red Line corrects itself, am I mistaken?
  • #38,092
  • Edited 1:50pm Jun 5, 2014 1:35pm | Edited 1:50pm
Quoting Kouroushi
Guys Does TDI repaint? I sometimes see the Red Line corrects itself, am I mistaken?
Yes,it's repainting.

Try this version. no repaint and add mtf
Attached File(s)
File Type: ex4 Synergy_Pro_TDI_nrp_mtf.ex4   15 KB | 508 downloads
  • #38,093
  • Edited 2:59pm Jun 5, 2014 2:41pm | Edited 2:59pm
Quoting Badway
{quote} Yes,it's repainting. Try this version. no repaint and add mtf {file}
Thanks,
But why most of masters talked about backtesting the TDI?!
I wasted a lot of time doing backtesting? Although I suppose TDI doesn't repaint to the extent to change my backtests results, what do you think gentlemen?
  • #38,094
  • Jun 5, 2014 3:42pm Jun 5, 2014 3:42pm
Quoting Kouroushi
{quote} Thanks, But why most of masters talked about backtesting the TDI?! I wasted a lot of time doing backtesting? Although I suppose TDI doesn't repaint to the extent to change my backtests results, what do you think gentlemen?
TDI and TDI_Signal without repaint.
Market_Base and Volatility_Band re-painting...
  • #38,095
  • Jun 5, 2014 4:01pm Jun 5, 2014 4:01pm
Quoting emmanuel7788
Made my 10% cycle for this week and cant be complaining here. Have Fun Folks. Goodnight.
Oh thats good, seeing all the breakevens and losses you posted this week (apart from EurCad) I was worried you might not have made much money, its a relief to see you still made your 10% cycle.
  • #38,096
  • Jun 5, 2014 4:06pm Jun 5, 2014 4:06pm
Quoting Kouroushi
{quote} Thanks, But why most of masters talked about backtesting the TDI?! I wasted a lot of time doing backtesting? Although I suppose TDI doesn't repaint to the extent to change my backtests results, what do you think gentlemen?
As far as I am concerned, backtesting the TDI serves barely any purpose. Backtest the PA setups you will be looking for, while looking at TDI each time. You will teach your eyes, eventually, when the TDI is expected to cross from every position. Backtesting the TDI in itself won't show you the many times where TDI appears to have crossed, but by candle close you will have ended up with a mere bounce.

I suppose I'd get eaten alive by some folks here for saying this, but TDI is better off as a confirmation tool... You will notice that even Big E. can't stress enough that you shouldn't just take any ol' TDI signal. Price action always comes into play, which is why it is important to understand the correlation between both.
  • #38,097
  • Jun 5, 2014 4:15pm Jun 5, 2014 4:15pm
Quoting lastingwell
{quote}Oh thats good, seeing all the breakevens and losses you posted this week (apart from EurCad) I was worried you might not have made much money, its a relief to see you still made your 10% cycle.
Milady , You kill softly.....
  • #38,098
  • Jun 5, 2014 4:16pm Jun 5, 2014 4:16pm
Quoting WDays
{quote} As far as I am concerned, backtesting the TDI serves barely any purpose. Backtest the PA setups you will be looking for, while looking at TDI each time. You will teach your eyes, eventually, when the TDI is expected to cross from every position. Backtesting the TDI in itself won't show you the many times where TDI appears to have crossed, but by candle close you will have ended up with a mere bounce. I suppose I'd get eaten alive by some folks here for saying this, but TDI is better off as a confirmation tool... You will notice that even...
Wdays,
Totally agreed, PA comes first
But TDI is almost the best confirmation indicator, & because of that I suppose with a good cross angle between green & red, beside a good place of the cross it may alert high probability trades. don't you think so?
  • #38,099
  • Jun 5, 2014 5:09pm Jun 5, 2014 5:09pm
Quoting Kouroushi
{quote} Wdays, Totally agreed, PA comes first But TDI is almost the best confirmation indicator, & because of that I suppose with a good cross angle between green & red, beside a good place of the cross it may alert high probability trades. don't you think so?
I suggest you stray from everything you've heard/learned about the RSI and how it is a momentum indicator. The only thing that indicates momentum is candle size. Since candle sizes and shapes dictate oscillator behavior, I do not see why we should abide by what our oscillators tell us. The TDI truly is a great confirmation tool, but like I've said earlier, it only confirms what PA is telling you. So if you go countertrend on a pullback and expect to hit hundreds of pips in no time, prepare for a loss. If you blindly take any TDI cross, prepare for a myriad losses. If you short right into support, prepare for a loss. I could go on and on. The point is, you may only use the TDI to confirm what you already know by looking at PA.

I've found for myself that lastingwell's method is what works best for myself as well. I am very grateful for her passing the method on to others. She said it best in another thread -

Quoting lastingwell
I'm on h1 but really I'm trading h4 because of the tdi, and if I'm on m15 I'm really trading h1. Its easier for me to see if there is likely to be a pullback and also to re-enter if I want to
And also I find that it keeps the entirety of Big E's original system best.
  • #38,100
  • Edited 7:11pm Jun 5, 2014 6:50pm | Edited 7:11pm
Just two important things about the 5-Method which is Trading Made Simple.

in post#261

Quoting eelfranz
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way... The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good. HA Candles are important because it makes your trading way less stressful... use them. Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before...
in post#3780 CHS thread,

How to use multi timeframe (just one time frame lower) and look at the candles,

Quoting eelfranz
.... Lets say I see a trade set up on the 4 hr. chart... I'll look down at the 1 hour chart to see what it's doing before entering. I don't check all time frames below the 4 hour.... just one time frame below the chart I want to trade.
To all newbies, please go back to the Craig Harris Stochastics thread and read from Page 184 onwards to learn the 5-Method. There are lots of training charts posted there.

regards,

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