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Trading Made Simple

  • #42,801
  • Oct 27, 2014 9:51am Oct 27, 2014 9:51am
Quoting lorbax
hello everybody, just a curiosity question: is there anyone trading TMS in the very simple original way ? Inoticed the "simple" charts became a bit funky with indicators and different setups, which is not the initial eelfranz' idea. no argue about it eh ... just noticing. Everyone then should keep on working in their best way and in the fashion that fits best for them. green pips everyone!
Yes some people are. Others have added their own special tweaks to give them an edge, whether it be supply and demand, or channels, or studying candlestick patterns.

TMS works very well in trending markets, not so well in range bound markets. Also since BigE started the thread the markets have become less volatile, but that might be picking up again (has in recent weeks and there have been good 'TMS' days).

Some of us just like to (over) complicate things, and I'm sure if BigE was still around, he'd have been rather annoyed with us!
  • #42,802
  • Oct 27, 2014 10:49am Oct 27, 2014 10:49am
Quoting hostwey
{quote} Yes some people are. Others have added their own special tweaks to give them an edge, whether it be supply and demand, or channels, or studying candlestick patterns. TMS works very well in trending markets, not so well in range bound markets. Also since BigE started the thread the markets have become less volatile, but that might be picking up again (has in recent weeks and there have been good 'TMS' days). Some of us just like to (over) complicate things, and I'm sure if BigE was still around, he'd have been rather annoyed with us!
indeed

I've been using tms for some weeks, studied it a lot, used the simulator a lot, and then got live. it's good for my trading style and personality and i trade for a living for the last 2-3 years.

that said, I well noticed too that once BigE published TMS market was much more defined in trends, wider swings and less noise, also because back in 2011 retail brokers were much fewer than today, so much less spiky (fake prices, etc...)

Wouldn't it be interesting to have a separate thread for the "original" TMS ideas sharing ? no complain about the other tweaks and tricks eh, but I prefer to keep it as simple as possible, complicated things never brought me an edge in the long run, IMHO.
Lorenzo
  • #42,803
  • Oct 27, 2014 10:57am Oct 27, 2014 10:57am
Quoting lorbax
{quote} indeed I've been using tms for some weeks, studied it a lot, used the simulator a lot, and then got live. it's good for my trading style and personality and i trade for a living for the last 2-3 years. that said, I well noticed too that once BigE published TMS market was much more defined in trends, wider swings and less noise, also because back in 2011 retail brokers were much fewer than today, so much less spiky (fake prices, etc...) Wouldn't it be interesting to have a separate thread for the "original" TMS ideas sharing ? no...
Was recently comparing spread bet charts on the 1 minute, with the 'real market.' Was amazed how spiky and volatile the spread bet market was. So just staying off the short time frames will give you an edge, as Big E pointed out
  • #42,804
  • Oct 27, 2014 11:02am Oct 27, 2014 11:02am
Whether we presented our charts in a simple way (tdi, stoc and price and 5EMA) or adding HTF/SR,etc, we all agree that Big E looked at bigger time frame as well at looked left to see how PA was doing before entering his trades. In fact, we are all doing that too not just simpy looked at green crossed red then came back and blamed that the system did not work
so whatever, as long as we make green pips that s all matter....
Appreciation is the key to wealth and happiness
  • #42,805
  • Oct 27, 2014 11:14am Oct 27, 2014 11:14am
here are my EA trades today.
1st: long -10
2nd: short +25
3rd: long +4 (exited at pinbar formed after it reached 30) . Did I miss something? need help...
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 Mon 27.10.14 short & long (t.o at pinbar).png Size: 38 KB
Appreciation is the key to wealth and happiness
  • #42,806
  • Oct 27, 2014 11:27am Oct 27, 2014 11:27am
my little scalp trade on M1 oil bounced off S/R for +28 green
Attached Image (click to enlarge)
Click to Enlarge Name: Oil M1 Mon 27.10.14 +28.png Size: 45 KB
Appreciation is the key to wealth and happiness
  • #42,807
  • Oct 27, 2014 11:52am Oct 27, 2014 11:52am
Quoting likica
here are my EA trades today. 1st: long -10 2nd: short +25 3rd: long +4 (exited at pinbar formed after it reached 30) . Did I miss something? need help... {image}
Hey likica, I took the long also, and since I only trade within the london session I even took it later than you, got out for a loss. The short, you noticed the triple bottom that was in the way of price, the move was essentially powered by the worse than expected IFO data, so not really a trendsetting move on its own, nice job! Your third trade, you should have had more faith in it, I don't consider this candle to be a pinbar It happens very often, I never bail on a candle closing with a long wick because often times it's just a shortlived hesitation before the move keeps going.

You're actually doing a great job, so I don't see why you need help Bad days happen, and still your day was better off than mine, since you took advantage of the short! Well done and green pips to you
  • #42,808
  • Oct 27, 2014 12:28pm Oct 27, 2014 12:28pm
Quoting likica
here are my EA trades today. 1st: long -10 2nd: short +25 3rd: long +4 (exited at pinbar formed after it reached 30) . Did I miss something? need help... {image}
Sharing mine too ..

One half closed for +20, the other BE.

Will blame bad PA and ranging market on Monday and live to fight another day.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 43 KB
  • #42,809
  • Oct 27, 2014 12:54pm Oct 27, 2014 12:54pm
My first trade in a while (had no wifi on site at work).
EA sell on TDI cross, after LO, waited for price to cross the 10ema as well. CM took it to BE after 21 pips and it closed just about BE. Any comments would be appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDSBH1 27,10,14.png Size: 53 KB
  • #42,810
  • Oct 27, 2014 2:37pm Oct 27, 2014 2:37pm
Quoting hostwey
{quote} Yes some people are. Others have added their own special tweaks to give them an edge, whether it be supply and demand, or channels, or studying candlestick patterns. TMS works very well in trending markets, not so well in range bound markets. Also since BigE started the thread the markets have become less volatile, but that might be picking up again (has in recent weeks and there have been good 'TMS' days). Some of us just like to (over) complicate things, and I'm sure if BigE was still around, he'd have been rather annoyed with us!
Almost every systems or strategies works in trending markets. But I reckon TMS may be able to keep you out of the dangerously ranging markets which is a phenomenal characteristic.
What's opinion of those with the most TMS experiences?
  • #42,811
  • Oct 27, 2014 2:55pm Oct 27, 2014 2:55pm
Quoting Next4467
My first trade in a while (had no wifi on site at work). EA sell on TDI cross, after LO, waited for price to cross the 10ema as well. CM took it to BE after 21 pips and it closed just about BE. Any comments would be appreciated. {image}
For me seems not a good idea to short EA while TDI in H4 shows UP-Trend still ongoing.
  • #42,812
  • Oct 27, 2014 4:14pm Oct 27, 2014 4:14pm
Sell opportunity with break of round number and strong down trend on USD/CNH (Offshore Renminbi) also price is below
inverted hammer on daily chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCNHH4.png Size: 43 KB
Click to Enlarge Name: USDCNHDaily.png Size: 44 KB
  • #42,813
  • Oct 27, 2014 5:38pm Oct 27, 2014 5:38pm
EA view @9.30AM AEST.
It would be good to go short if price breakout D1 insidebar. D1 got stuck at 50EMA, H4 stuck between 50EMA & 200EMA, scalpers like me got stuck in confusion too busy staring at green crossed red jumping in and out
Attached Image (click to enlarge)
Click to Enlarge Name: EA D H4 H1 view Tue 28.10.14 am aest.png Size: 114 KB
Appreciation is the key to wealth and happiness
  • #42,814
  • Oct 27, 2014 5:41pm Oct 27, 2014 5:41pm
by the way, FOMC is tomorrow. Make sure we are all well and in green shape, market might not move much until after news out.
Appreciation is the key to wealth and happiness
  • #42,815
  • Oct 27, 2014 6:11pm Oct 27, 2014 6:11pm
Quoting likica
by the way, FOMC is tomorrow. Make sure we are all well and in green shape, market might not move much until after news out.
Likica,
Isn't it on Wed?
  • #42,816
  • Oct 27, 2014 6:15pm Oct 27, 2014 6:15pm
Quoting Kouroushi
{quote} Likica, Isn't it on Wed?
Yes, it's on Wednesday. I guess, Likica is from Australia, so she has Tuesday morning right now, that's why for her it's tomorrow
  • #42,817
  • Oct 27, 2014 6:18pm Oct 27, 2014 6:18pm
Quoting Kouroushi
{quote} Likica, Isn't it on Wed?
It s Tuesday morning my time at the moment (Mel, Aust)
yes. FOMC is on Wed
Appreciation is the key to wealth and happiness
  • #42,818
  • Edited 11:03pm Oct 27, 2014 6:48pm | Edited 11:03pm
Quoting Wqiang
{quote} Hi emmanuel, My trading platform doesn't have GBPAUD pair but i want to ask what do you mean by "momentum around 200EMA/10 EMA/1.8300"? Able to show us examples? Because i saw a PCRF pattern using 200EMA, day 10EMA and 1.8300 as a resistance. Thanks and regards,

Hi Wqiang,

When I start a new trading day, I will look at the weekly charts then the daily charts to see what the dominant trend is and by looking at the D chart candles, I will pick a trade bias for the new trading day. In the case od GBPAUD, the D chart shows prvious D candles with long upper and ower wicks. Also when I look at at the range using the PAC 5SMA set to High-Low(old Synergy model) , the D candles with long wicks are inside the PAC which is simple way to see if the market is range bound. I dont trade until I see a nice D candle with a strong close (small wick end) and preferably closing outside the upper or lower PAC.
When I see both Weekly and Day chart candles are in same direction, then the trade probablity is higher. But we can also trade countrend when there is sufficient room for correction and for the intraday trading.

See D chart below:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD D chart review.png Size: 38 KB


Note the current retracement is shallow and there is historical support below. Last week was a Weekly Inside Bar. So we have a good opportunity for a position trade in the following days and weeks and a weekly range of 330pips. Possibly a year-end bonus and present before Christmas.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,819
  • Oct 27, 2014 6:59pm Oct 27, 2014 6:59pm
GBPUSD 27 Oct H1 trade:
In tight range bound market, set small target to scale out. Using CaveManager to maneg trades, we need to know that different currency pairs have different hourly range. EURUSD and GBPUSD have smaller hourly range than their crosses - EURAUD, EURNZD, GBPAUD and GBPNZD.
The idea is to capture the first 20 to 25 pips in 2 to 3 H1 candles, then I will use the trailing 10pips behind the last candle after a 20 to 25 pips move. This way, win rate will be overall improved with more trades over a long term.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 27 Oct H1 trade NYO.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42,820
  • Edited 7:23pm Oct 27, 2014 7:08pm | Edited 7:23pm
EURAUD 27 Oct H1 trade closed.

Here is one trade loss - 10pips.
I could have closed that manually when the last APB did not shown downwards momentum. But I left the trade management to CaveManager as I had a 10pips trailing behind last candle after a move of 20pips in my favour. This work often but when market is tight range bound, I get some losses this way.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 27 Oct H1 trade closed.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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