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Trading Made Simple

  • #40,501
  • Aug 22, 2014 9:41am Aug 22, 2014 9:41am
Quoting TheScorpS
{quote} Really good entries and management, can get enough of your chart, at least we can learn position adding to maximize profitably

Thanks....Cashed some locked some...will let them run if not stopped out...Good week you've enjoyed....Good luck for the next week
Sad i'm not trying to understand PA
  • #40,502
  • Aug 22, 2014 10:36am Aug 22, 2014 10:36am
Quoting omonisha
Pin Bar on 6th refusing to break the trend line....Nice area to form a Pin Bar....waited...Entered yesterday ....Added position as trade improve....last position added when the pin bottom taken out....Time to scale... {image}
Good one Omonisha. I am impressed with the way you handled your positions. I closed all before weekend.

Attached is my view for EN target where price sits at this stage at 61.8% Fib level and it should head down to 1.50969 where 100%Fib expansion. I just learnt it a bit more from the link TheScorpS sent me and put it in practice hehehe...Thanks again .

Have a good weekend to all.
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Appreciation is the key to wealth and happiness
  • #40,503
  • Aug 22, 2014 12:13pm Aug 22, 2014 12:13pm
Quoting likica
{quote} Good one Omonisha. I am impressed with the way you handled your positions. I closed all before weekend. Attached is my view for EN target where price sits at this stage at 61.8% Fib level and it should head down to 1.50969 where 100%Fib expansion. I just learnt it a bit more from the link TheScorpS sent me and put it in practice hehehe...Thanks again . Have a good weekend to all. {image}
Thanks likica...Yes may go down...but holding position that long my brain will burst lol....

Good weekend to you too
Sad i'm not trying to understand PA
  • #40,504
  • Aug 22, 2014 9:19pm Aug 22, 2014 9:19pm
I have received several PM's over the past couple of months asking me if I am still trading this system and asking me to post some charts. While I do not intend to become active in this thread again, I thought I would post a couple of charts showing trades that I took this week. I do stop by and read posts occasionally. Lastingwell, ScorpS and the rest of you, keep up the good work. The simple system outlined by Big E works and I am grateful he shared his insights with us all before he passed.
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  • #40,505
  • Aug 22, 2014 10:10pm Aug 22, 2014 10:10pm
Im so glad to see your wonderful chart again master , thank you very much i want to cry right now
  • #40,506
  • Aug 22, 2014 10:14pm Aug 22, 2014 10:14pm
Quoting leonora
Im so glad to see your wonderful chart again master , thank you very much i want to cry right now
I will be joining you
I Have Learned to Take Some Losses to Make Profits
  • #40,507
  • Aug 22, 2014 10:25pm Aug 22, 2014 10:25pm
Quoting Phx62
I have received several PM's over the past couple of months asking me if I am still trading this system and asking me to post some charts. While I do not intend to become active in this thread again, I thought I would post a couple of charts showing trades that I took this week. I do stop by and read posts occasionally. Lastingwell, ScorpS and the rest of you, keep up the good work. The simple system outlined by Big E works and I am grateful he shared his insights with us all before he passed.{image}{image}
Thanks Phx62 for sharing your weekly trades one more time, and hope you the best and hope you have the time sometime in the future to share more

You have always gave us a way into trading, I suggest those that didn't read enough of your books to do so, the are extremely important , I have again printed them all and study them times and times again
I Have Learned to Take Some Losses to Make Profits
  • #40,508
  • Aug 22, 2014 11:13pm Aug 22, 2014 11:13pm
Hi TheScorpS,

could you point me towards phx62's books. Great trading system, thanks
  • #40,509
  • Aug 22, 2014 11:49pm Aug 22, 2014 11:49pm
Quoting omonisha
Pin Bar on 6th refusing to break the trend line....Nice area to form a Pin Bar....waited...Entered yesterday ....Added position as trade improve....last position added when the pin bottom taken out....Time to scale... {image}
Hi

Can you break down the thought process in the way you add to the position when in profit or locked in profit to maximize profitably of a trade? If you have time during the weekend

Thanks again
I Have Learned to Take Some Losses to Make Profits
  • #40,510
  • Aug 23, 2014 12:02am Aug 23, 2014 12:02am
Quoting rostaus
Hi TheScorpS, could you point me towards phx62's books. Great trading system, thanks
You can look many more good stuff buy navigating the paper clip

Look Imi post here http://www.forexfactory.com/showthre...93#post7005093 contians 3 books

Look up Fx94 post here http://www.forexfactory.com/showthre...51#post7179151

There are 5 books for Phx62, so make sure you have them all and study them from 1st til the fifth and back-test everyday before market opens, for as long as it takes, stay with the strategy, don't change it, you will grow with it, and then you will make load of pips
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I Have Learned to Take Some Losses to Make Profits
  • #40,511
  • Aug 23, 2014 12:16am Aug 23, 2014 12:16am
Quoting Phx62
I have received several PM's over the past couple of months asking me if I am still trading this system and asking me to post some charts. While I do not intend to become active in this thread again, I thought I would post a couple of charts showing trades that I took this week. I do stop by and read posts occasionally. Lastingwell, ScorpS and the rest of you, keep up the good work. The simple system outlined by Big E works and I am grateful he shared his insights with us all before he passed.{image}{image}
Good to see your charts again, sir! You have adopted yourself to this low ADR forex market and reduced your profit target. Hope good old days come back soon...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #40,512
  • Aug 23, 2014 2:41am Aug 23, 2014 2:41am
To members that asked for a pm, if you didn't receive the pm as of on now, let me know , thanks
I Have Learned to Take Some Losses to Make Profits
  • #40,513
  • Aug 23, 2014 9:26am Aug 23, 2014 9:26am
Quoting omonisha
Pin Bar on 6th refusing to break the trend line....Nice area to form a Pin Bar....waited...Entered yesterday ....Added position as trade improve....last position added when the pin bottom taken out....Time to scale... {image}
Beautiful trade brother
More charts from you would be really helpful for us newbees...
thanks
  • #40,514
  • Aug 23, 2014 12:02pm Aug 23, 2014 12:02pm
Quoting TheScorpS
To members that asked for a pm, if you didn't receive the pm as of on now, let me know , thanks
Got your PM Scorps, thank you.
Have a wonderful week end...
  • #40,515
  • Aug 23, 2014 12:50pm Aug 23, 2014 12:50pm
Quoting TheScorpS
{quote} Hi Can you break down the thought process in the way you add to the position when in profit or locked in profit to maximize profitably of a trade? If you have time during the weekend Thanks again
Hi Scorps
Not much thinking. TP was fixed. longer time frame trade. if trade is valid then lower time frame will have some correction
along the way. Position added at these correction area in 1H TF. Just like trading the 1H TF. PA gave direction
i add, when second position got BE i move the first position to second BE. 1 position locked with profit 1 position
BE...if got another PA add more and scale the same way. But on my last trade the last position was a sell order just below the pin bar.
Per trade risk amount divided before enter. So i got low risk in adding position. If trade goes against me, no loss little profit. This way trading
maximizing my chances to understand lower time frame price movement. What made the higher time frame move, which PA was that, how far it could go,
when figured that then can go down to lower time frame to see the price movement. now i have higher chances to know
whether it is a reversal or correction...Just my thinking..i may well be totally wrong.....

Regards and Happy weekend
Omonisha
Sad i'm not trying to understand PA
  • #40,516
  • Aug 23, 2014 2:14pm Aug 23, 2014 2:14pm
hi, TMS traders out there:
I hope everyone's having a great weekend! I have a newbie question that I hope any more experienced TMS traders can shed some light on:

' How do you guys look for trades using TMS method across all timeframes? As Big E pointed out: "in this method TDI is king. All entries and exits are signified by TDI". So how do the experienced traders look for trades by TDI? Do you guys have any special techniques to avoid being glued to the screen all the time?'

I would very much like to hear the trading routines of some senior TMS traders. Thanks in advance!

Shuo
  • #40,517
  • Aug 23, 2014 2:54pm Aug 23, 2014 2:54pm
Quoting zhangshuo
hi, TMS traders out there: I hope everyone's having a great weekend! I have a newbie question that I hope any more experienced TMS traders can shed some light on: ' How do you guys look for trades using TMS method across all timeframes? As Big E pointed out: "in this method TDI is king. All entries and exits are signified by TDI". So how do the experienced traders look for trades by TDI? Do you guys have any special techniques to avoid being glued to the screen all the time?' I would very much like to hear the trading routines of some senior TMS...
I am not senior but... I think he made it pretty clear.

1) He trades only 4h, sometimes 1h
2) Sleeps in between new chart data
3) Not bothering with 15m, 30m BS => NOT glued to the monitor

Hope it helps!

BTW: I have a Question.

How do you all backtest. Tried using the search and found that you are supposed to use TDI MTF but it does not ring any bells. Can anybody help with a brief and concise explanation? It would be MUCH appreciated!

Thank you and happy 4x'in.
  • #40,518
  • Aug 23, 2014 9:42pm Aug 23, 2014 9:42pm
Quoting zhangshuo
hi, TMS traders out there: I hope everyone's having a great weekend! I have a newbie question that I hope any more experienced TMS traders can shed some light on: ' How do you guys look for trades using TMS method across all timeframes? As Big E pointed out: "in this method TDI is king. All entries and exits are signified by TDI". So how do the experienced traders look for trades by TDI? Do you guys have any special techniques to avoid being glued to the screen all the time?' I would very much like to hear the trading routines of some senior TMS...
You must have the setup across 2 times frame, ie if you want to enter a trade on H1, you must have a confirmation on H4 , else you might see more negative results , at least this is what am trying to test and if that prove to be right then I am gonna share with TMS

Example, you get to see the perfect setup on H1, now you go back to H4, you check 2 things, TDI location, ie crossing or whatever criteria to confirm your H1 entry, and you check PA on H4, if PA and TDI on H4 confirm your thoughts process on H1, then you take the trade on H1 , else you leave the trade

Many times I see very good setup on H1, but when looking to confirm H4, I see nothing there, so that tells me no trade on H1, even tho I think that H1 setup is the perfect setup
I Have Learned to Take Some Losses to Make Profits
  • #40,519
  • Aug 23, 2014 9:47pm Aug 23, 2014 9:47pm
Quoting omonisha
{quote} Hi Scorps Not much thinking. TP was fixed. longer time frame trade. if trade is valid then lower time frame will have some correction along the way. Position added at these correction area in 1H TF. Just like trading the 1H TF. PA gave direction i add, when second position got BE i move the first position to second BE. 1 position locked with profit 1 position BE...if got another PA add more and scale the same way. But on my last trade the last position was a sell order just below the pin bar. Per trade risk amount divided before enter. So...
Thanks will try to break down the tips , M15 has at least 2 retracement on H1 trade if the trade is taken at LO and it just continue to NYO and on, there might be almost 2 retracement that can be used to add on position and I want to use those
I Have Learned to Take Some Losses to Make Profits
  • #40,520
  • Aug 24, 2014 12:35am Aug 24, 2014 12:35am
Quoting TheScorpS
{quote} You must have the setup across 2 times frame, ie if you want to enter a trade on H1, you must have a confirmation on H4 , else you might see more negative results , at least this is what am trying to test and if that prove to be right then I am gonna share with TMS Example, you get to see the perfect setup on H1, now you go back to H4, you check 2 things, TDI location, ie crossing or whatever criteria to confirm your H1 entry, and you check PA on H4, if PA and TDI on H4 confirm your thoughts process on H1, then you take the trade on H1 ,...
Hi, Scorps, thx for your reply. I will definitely consider your suggestions. But can I also ask how u look for trades using TMS? Or what is your trading routine every week?
If any other senior member has anything to contribute, your comments are welcomed! THX in advance!
Shuo
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