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Trading Made Simple

  • #41,421
  • Sep 26, 2014 5:40am Sep 26, 2014 5:40am
Quoting robuk
{quote}{quote} Thanks , I wondered if it was to do with the upside down V , I've noticed before they often work out well and the beat the TDI cross 'to the punch '
Hi Robuk, you're absolutely right and well spotted. Here's a great tip an 85 year old profesional trader I know gave me. Put a 3 ema on your chart, if you're on a black background colour it white or hot pink or something that will stand out, if grey background make it black, and make it double width. This makes the V very visable a bit like a spearhead shape. This guy trades these all the time, trend or counter trend and makes tons of pips daily. He trades 5min charts as that was how he was trained, but works on any timeframe. I started using it a while ago going in on the second colour change (reversal) candle. I usually trade 15min charts. Pretty much a tdi trade but oftentimes gets you in early.
  • #41,422
  • Sep 26, 2014 5:45am Sep 26, 2014 5:45am
what is your opinion on this scenario?
H1 shows a possible short entry (soon) H4 candle is red but H4 TDI pointing up ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
Click to Enlarge Name: Screenshot2.png Size: 48 KB
Regards
  • #41,423
  • Sep 26, 2014 5:53am Sep 26, 2014 5:53am
Quoting fulltilt
what is your opinion on this scenario? H1 shows a possible short entry (soon) H4 candle is red but H4 TDI shows up ... {image} {image}
Iīm really a newbie in the TMS system , but one thing every newbie should know :
if you donīt have a " clean and clear" valid entry , do not trade .
Higher timeframes have more power than the lower ones.
Next thing itīs not a TMS template ( may be Iīm wrong ? ) no heiken Ashi iin it , whatīs one of the most important things in this thread.
If you have another "system " follow their rules.. but mixing is only cool in cocktail bars.
Sry for that harsh sounding words.
Guido
Risiko birgt immer auch die Chance.
  • #41,424
  • Sep 26, 2014 5:54am Sep 26, 2014 5:54am
Quoting Tanglewood
{quote} Hi Robuk, you're absolutely right and well spotted. Here's a great tip an 85 year old profesional trader I know gave me. Put a 3 ema on your chart, if you're on a black background colour it white or hot pink or something that will stand out, if grey background make it black, and make it double width. This makes the V very visable a bit like a spearhead shape. This guy trades these all the time, trend or counter trend and makes tons of pips daily. He trades 5min charts as that was how he was trained, but works on any timeframe. I started...
Also visible on the TDI which is what eelfranz called a checkmark reversal and very reliable :http://www.forexfactory.com/showthre...84#post4605684
  • #41,425
  • Sep 26, 2014 6:03am Sep 26, 2014 6:03am
Quoting Tanglewood
{quote} Hi Robuk, you're absolutely right and well spotted. Here's a great tip an 85 year old profesional trader I know gave me. Put a 3 ema on your chart, if you're on a black background colour it white or hot pink or something that will stand out, if grey background make it black, and make it double width. This makes the V very visable a bit like a spearhead shape. This guy trades these all the time, trend or counter trend and makes tons of pips daily. He trades 5min charts as that was how he was trained, but works on any timeframe. I started...
Can you explain more what you mean with V-formation? Double top or what?
  • #41,426
  • Sep 26, 2014 6:09am Sep 26, 2014 6:09am
Quoting toledoFX
{quote} Can you explain more what you mean with V-formation? Double top or what?
There is not a lot can be explained except it looks like a V shape, if you do as tanglewood suggested and put the 3ma onto your chart you will see it.
  • #41,427
  • Sep 26, 2014 6:12am Sep 26, 2014 6:12am
Quoting Sesamstrasse
if you donīt have a " clean and clear" valid entry , do not trade . Higher timeframes have more power than the lower ones.
thanks Guido,
I agree with you (but still watchning it)

Quoting Sesamstrasse
{quote}Next thing itīs not a TMS template ( may be Iīm wrong ? ) no heiken Ashi iin it , whatīs one of the most important things in this thread. If you have another "system " follow their rules.. but mixing is only cool in cocktail bars.
as far as I know the heiken Ashi is more important for the exit handling ... or am I wrong about?
sometimes I had problems w/ HA entrys because it masked the candles too much (price action and candle direction for entrys)

Ralph
Regards
  • #41,428
  • Sep 26, 2014 6:19am Sep 26, 2014 6:19am
Quoting fulltilt
what is your opinion on this scenario? H1 shows a possible short entry (soon) H4 candle is red but H4 TDI pointing up ... {image} {image}
Hi
Fullfit

I sent you a PM !

Thanks
  • #41,429
  • Sep 26, 2014 6:20am Sep 26, 2014 6:20am
Quoting fulltilt
{quote} thanks Guido, I agree with you (but still watchning it) {quote} as far as I know the heiken Ashi is more important for the exit handling ... or am I wrong about? sometimes I had problems w/ HA entrys because it masked the candles too much (price action and candle direction for entrys) Ralph
HA or synergy bars are used for entry also, because according to TMS we go in on the 1st or 2nd candle of the same colour. It is true that they mask the japanese candle but thats the whole point of them. They are far better though for newer traders, they don't need to know if the previous bar was a bearish engulfing or a hangman and what it means etc etc, they just watch for a change of colour, because when that candle pattern is confirmed the candle will change colour. I havent yet seen a confirmed candle pattern that the HA/Synergy bar hasn't shown up.
  • #41,430
  • Sep 26, 2014 6:26am Sep 26, 2014 6:26am
Quoting lastingwell
{quote} HA or synergy bars are used for entry also, because according to TMS we go in on the 1st or 2nd candle of the same colour. It is true that they mask the japanese candle but thats the whole point of them. They are far better though for newer traders, they don't need to know if the previous bar was a bearish engulfing or a hangman and what it means etc etc, they just watch for a change of colour, because when that candle pattern is confirmed the candle will change colour. I havent yet seen a confirmed candle pattern that the HA/Synergy bar...
thank you for the clarification I will follow the rules and re-attach HA :-)
Regards
  • #41,431
  • Sep 26, 2014 6:28am Sep 26, 2014 6:28am
Quoting cchersia
Hi Fullfit I sent you a PM ! Thanks
FiboPiv_v3 indi :-)
Attached File(s)
File Type: mq4 FiboPiv_v3.mq4   5 KB | 385 downloads
Regards
  • #41,432
  • Edited 6:57am Sep 26, 2014 6:29am | Edited 6:57am
Quoting fulltilt
{quote} thanks Guido, I agree with you (but still watchning it) {quote} as far as I know the heiken Ashi is more important for the exit handling ... or am I wrong about? sometimes I had problems w/ HA entrys because it masked the candles too much (price action and candle direction for entrys) Ralph
I also am not really comfortable with heiken ashi -- but itīs part of the strategy and
as long as Iīm not a "developer " , as long I stick to the systems parts .
Itīs simple and I keep it simple.
More information than needed always confuses the trader IMO.( for me it does )
Hereīs a template , I found it anywhere on the first 100-200 pages on this thread, it has both parts.
heiken ashi + normal bars
Guido
Attached File(s)
File Type: tpl big e no custom swha.tpl   5 KB | 380 downloads
Risiko birgt immer auch die Chance.
  • #41,433
  • Sep 26, 2014 6:31am Sep 26, 2014 6:31am
Quoting fulltilt
{quote} FiboPiv_v3 indi :-) {file}
Thanks for quit answer !
  • #41,434
  • Sep 26, 2014 7:58am Sep 26, 2014 7:58am
Quoting Tanglewood
{quote} Hi Robuk, you're absolutely right and well spotted. Here's a great tip an 85 year old profesional trader I know gave me. Put a 3 ema on your chart, if you're on a black background colour it white or hot pink or something that will stand out, if grey background make it black, and make it double width. This makes the V very visable a bit like a spearhead shape. This guy trades these all the time, trend or counter trend and makes tons of pips daily. He trades 5min charts as that was how he was trained, but works on any timeframe. I started...
Hey -- I'll give that a try , Thanks -- I need all the help I can get.
  • #41,435
  • Sep 26, 2014 8:18am Sep 26, 2014 8:18am
EA Update

Check the touch on EMA 10, fascinating as usual
Attached Image (click to enlarge)
Click to Enlarge Name: EA_Update.jpg Size: 439 KB
I Have Learned to Take Some Losses to Make Profits
  • #41,436
  • Sep 26, 2014 9:42am Sep 26, 2014 9:42am
Quoting lastingwell
{quote} HA or synergy bars are used for entry also, because according to TMS we go in on the 1st or 2nd candle of the same colour. It is true that they mask the japanese candle but thats the whole point of them. They are far better though for newer traders, they don't need to know if the previous bar was a bearish engulfing or a hangman and what it means etc etc, they just watch for a change of colour, because when that candle pattern is confirmed the candle will change colour. I havent yet seen a confirmed candle pattern that the HA/Synergy bar...
re-attached HA and made some nice gains w/ EJ and GU :-)
Regards
  • #41,437
  • Edited 12:05pm Sep 26, 2014 11:38am | Edited 12:05pm
I wonder if there is any hope for me !! 3 short trades taken on GA today ( which went down 130 pips today )
and I managed :- a loss of 25, a BE , ( which at one point was over 30 pips in profit ), and another loss of 30 .. Total minus 55
Ahem...... rather less than magnificent so , any struggling traders , don't give up , you are not alone
Edit . I did manage +7 pips from EA which went down over 100
Attached Image (click to enlarge)
Click to Enlarge Name: Bad Trades.png Size: 54 KB
  • #41,438
  • Sep 26, 2014 1:13pm Sep 26, 2014 1:13pm
Quoting robuk
I wonder if there is any hope for me !! 3 short trades taken on GA today ( which went down 130 pips today ) and I managed :- a loss of 25, a BE , ( which at one point was over 30 pips in profit ), and another loss of 30 .. Total minus 55 Ahem...... rather less than magnificent so , any struggling traders , don't give up , you are not alone Edit . I did manage +7 pips from EA which went down over 100 {image}
Dont worry robuk, I have been doing exactly this, actually not so far ago, and still might be a long way before I completely get rid of such trading decisions, so definitely count me in
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-26_21-17-14.jpg Size: 269 KB
I Have Learned to Take Some Losses to Make Profits
  • #41,439
  • Sep 26, 2014 1:27pm Sep 26, 2014 1:27pm
Quoting TheScorpS
{quote} Dont worry robuk, I have been doing exactly this, actually not so far ago, and still might be a long way before I completely get rid of such trading decisions, so definitely count me in
Thanks for your kind words of support , but you are being far too modest , I think from what you have posted before that we probably started around the same time , and you are many miles ahead of me . Now that fact doesn't bother me , I am delighted you are doing so well , and that you are also helping everyone along the way .
I just feel so stoopid , but hey not giving up , someday soon maybe I get my 'AHA ' moment .
EDIT. your chart and advices had not opened when I replied , so thanks again , I will study what you are trying to teach me and try to apply it .
I wish you Good Trades for next week.
  • #41,440
  • Sep 26, 2014 1:49pm Sep 26, 2014 1:49pm
Some months ago, or a year ago, Phx62 posted a Gold hourly chart trading TMS, do any traders have this chart, I am looking for it, I am not sure if its in the books, I dont see them there, so if anyone has that can you post it?

Thanks and would like to study that chart over the weekend
I Have Learned to Take Some Losses to Make Profits
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