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Trading Made Simple

  • #40,601
  • Aug 26, 2014 12:38am Aug 26, 2014 12:38am
Quoting froglicker
{quote} Exited UJ with 13 out of a possible 20 pips, H1 hooked back, chickened out. Meanwhile on Gold - {image} Entry 4 hours ago, ~50pips into profit. TDI looks strong, letting it run. Edit: - Day1 of TMS, and I'm lovin' it.
Update:
Closed out my gold buy at 45pips profit, big meeting later on, i'll take what the market gives.

Cheers
  • #40,602
  • Aug 26, 2014 1:44am Aug 26, 2014 1:44am
Quoting lastingwell
{quote} There are a few indicators that will give you an alert when a cross occurs, tms-alerts will do that, and tms watchdog will give you crosses and bounces with the slope value, click on the paperclip at the top of the thread, they have been posted before.
Before going through this amazing thread, I was always trading shorter TF's. Though I kept making profits, it was stressful, not full of wheel barrow as well.
Grand Poopaw influenced me to opt for 4H TF. Not my profit % has increased, stress has come down. Now that I'm comfy with 4H consistently, planning to promote myself slowly for D TF.
You said 4H and D TF's should gel and agree for better results.
Can you please post few charts with explanations.
TheScorpS, Need your inputs as well please
Thanks a lot
  • #40,603
  • Aug 26, 2014 1:48am Aug 26, 2014 1:48am
Quoting froglicker
{quote} Update: Closed out my gold buy at 45pips profit, big meeting later on, i'll take what the market gives. Cheers
I'm still in this trade, as on 1H TF, it bounced off ... on 4H it is very strong angle (TDI) and on D TF, it is bouncing off historical support and has formed double bottom as well ...
Will appreciate any advice ..
TIA
  • #40,604
  • Aug 26, 2014 1:58am Aug 26, 2014 1:58am
Quoting adikashyap
{quote} I'm still in this trade, as on 1H TF, it bounced off ... on 4H it is very strong angle (TDI) and on D TF, it is bouncing off historical support and has formed double bottom as well ... Will appreciate any advice .. TIA
Yeah, but I took the trade off the table due to personal reasons, work being one of them.
Good job staying in the trade though, kudos!
As for me, i'm just starting out here, so I'll take it slow. Some profit is better than no profit.
  • #40,605
  • Aug 26, 2014 2:54am Aug 26, 2014 2:54am
Quoting likica
{quote} Attached template and TDI indies I currently use might help. {file} {file} {file}
hi, likica, sorry to bother you with this, but I saw you use 'TDI mtf+alert b600+.mq4' indicator. Can you please tell me what it does and how I should set it up? THX for your time!
Shuo
  • #40,606
  • Aug 26, 2014 3:11am Aug 26, 2014 3:11am
Quoting zhangshuo
{quote} hi, likica, sorry to bother you with this, but I saw you use 'TDI mtf+alert b600+.mq4' indicator. Can you please tell me what it does and how I should set it up? THX for your time! Shuo
1. Put in indis in indi folder
2. Put template in template folder
3. Boot up MT4
4. File > Templates > TMS.tpl
5. ???????
6. Profit
  • #40,607
  • Aug 26, 2014 3:23am Aug 26, 2014 3:23am
Quoting froglicker
{quote} 1. Put in indis in indi folder 2. Put template in template folder 3. Boot up MT4 4. File > Templates > TMS.tpl 5. ??????? 6. Profit
hi, froglicker, thx for your reply. But I am asking how this alert function works.THX
  • #40,608
  • Aug 26, 2014 4:53am Aug 26, 2014 4:53am
Attached Image (click to enlarge)
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  • #40,609
  • Aug 26, 2014 5:35am Aug 26, 2014 5:35am
Quoting WDays
{image}
Nice
  • #40,610
  • Edited 6:38am Aug 26, 2014 5:43am | Edited 6:38am
Quoting lastingwell
{quote} Nice
Just slowly getting back in the game Slow market though, wow... going to take forever to hit my 30 pip target... if it even hits it ^^ I had to close GJ at breakeven yesterday since it was taking forever and didn't feel right

edit: b/e locked.. I want this to be an intraday trade, but I'm a eurobear... What to do, what to do...
edit 2: let's round it up to 40ish pips, I expect a retest of that structure over at 1.4148 and I figure price should have a stab at it sometime either today or tonight... Call me an optimist
Attached Image (click to enlarge)
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  • #40,611
  • Edited 6:12pm Aug 26, 2014 5:50am | Edited 6:12pm
.
"You know what needs to be addressed , completely completely reverse that".
  • #40,612
  • Aug 26, 2014 7:29am Aug 26, 2014 7:29am
There we go... 40 pips and I'm done
Attached Image (click to enlarge)
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  • #40,613
  • Aug 26, 2014 7:47am Aug 26, 2014 7:47am
Quoting WDays
There we go... 40 pips and I'm done {image}
Good one
Sad i'm not trying to understand PA
  • #40,614
  • Aug 26, 2014 7:59am Aug 26, 2014 7:59am
Hi all
My 3rd TMS trade, still learning and taking it slowly.
stoploss = 25
take profit = 25
Your comments are welcome to help me learn.
Attached Image (click to enlarge)
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  • #40,615
  • Aug 26, 2014 8:02am Aug 26, 2014 8:02am
4th TMS trade and 1st loss.
I closed this manually after seeing the green of the TDI flatten out.
Attached Image (click to enlarge)
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  • #40,616
  • Aug 26, 2014 8:08am Aug 26, 2014 8:08am
Quoting Next4467
Hi all My 3rd TMS trade, still learning and taking it slowly. stoploss = 25 take profit = 25 Your comments are welcome to help me learn. {image}
No comments to be made (I actually have the exact same trade with a larger target), but do be careful where you put your SL... I don't know what your risk parameters are, but you should know that a fixed SL (unless it is an emergency one like the one Phx uses) is dangerous because just because it gets hit, doesn't mean trade is invalidated. Might I suggest you either use a bigger one and exit manually whenever you deem necessary or just stick it at the last structure high or low? This way you know that if you get stopped out, your trade is invalidated. Otherwise you'll see price take out your stop only to continue back in the direction it was heading.

When a new candle prints it will usually retrace (9/10 times actually) to at least 50% of the previous candle, sometimes more, before it keeps going. This makes it difficult to use a fixed SL in trading, unless you are picking highs and lows.

Well done on your trade
  • #40,617
  • Aug 26, 2014 8:20am Aug 26, 2014 8:20am
Quoting WDays
{quote} No comments to be made (I actually have the exact same trade with a larger target), but do be careful where you put your SL... I don't know what your risk parameters are, but you should know that a fixed SL (unless it is an emergency one like the one Phx uses) is dangerous because just because it gets hit, doesn't mean trade is invalidated. Might I suggest you either use a bigger one and exit manually whenever you deem necessary or just stick it at the last structure high or low? This way you know that if you get stopped out, your trade...
Hi WDays
Thanks for your comments, I dont really have any risk parameters set at the moment, I am just trying out TMS to see if I can get a feel for it, as i go along i will develop a trading plan based on my trading journal. I see what you mean about the stoploss, i will consider it more before i place another trade.
well done to you too on your trade.
  • #40,618
  • Aug 26, 2014 9:07am Aug 26, 2014 9:07am
Lastingwell and ThescorpS,
Is this the reason you always want both Red and Green (TDI) to head in the same direction to trade?
All helps and comments appreciated ...
Attached Image (click to enlarge)
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  • #40,619
  • Aug 26, 2014 9:20am Aug 26, 2014 9:20am
My last trade today, again 25 pip s/l and t/p.
Attached Image (click to enlarge)
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  • #40,620
  • Aug 26, 2014 11:13am Aug 26, 2014 11:13am
hi, TMS traders, can you double-check if my understanding of these 2 indicators is correct or not?

for 'watchdog', the slope value is 1-6, which equals to 0-180 degrees. So '12-2 o'clock'( 0-60 degrees) means 'value 0-2' and '4 to 6 o'clock' (120-180 degrees) means 'value 4-6' ?

for 'tdi mtf+alerts', I just attach it to a chart and when there's a cross or bounce, it will show an arrow on the candle? What about this 'mtf function'?

Thank you for your time and help!
Attached File(s)
File Type: ex4 @TMSTDI_WatchDog.ex4   23 KB | 452 downloads
File Type: mq4 TDI_mtf+alerts b600+.mq4   20 KB | 475 downloads
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