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Trading Made Simple

  • #43,281
  • Nov 5, 2014 7:29am Nov 5, 2014 7:29am
beautiful move on USoil +40green
Attached Image (click to enlarge)
Click to Enlarge Name: oil buy M15 Wed 5.11.14 +40.png Size: 76 KB
Appreciation is the key to wealth and happiness
  • #43,282
  • Nov 5, 2014 7:43am Nov 5, 2014 7:43am
Quoting WDays
{quote} Because you can't always tell what price is trying to say Take the TDI for instance, it doesn't always cross when there's a candle in the opposite direction, does it? Essentially what mkfx said, markets are too noisey. Indicators are merely tools, of course you need to pay attention to price, what indicators do is analyse the data, they smooth it out for you and give you information on what's going on, and that's the beauty of the TDI and the TMS system. You look at certain types of crosses which indoubtebly bring profit, that's why Big...
Thank you wdays and mkfx for taking the trouble to explain.
  • #43,283
  • Nov 5, 2014 7:44am Nov 5, 2014 7:44am
Quoting manoj_3986
EURAUD +70pips {image}
Good trade as usual, thanks for sharing
I Have Learned to Take Some Losses to Make Profits
  • #43,284
  • Nov 5, 2014 7:51am Nov 5, 2014 7:51am
Great work everyone. I've missed all the good trades since my last post here because of my work and I even missed the trade on 3-11-12 too because of guests in the house. Just got back from work and seems like all the PA move on EA and GA is done for the day.

I hope soon I'll be able to catch some pips on EA, GA and GJ.

Good luck to everyone.

Kindest regards
  • #43,285
  • Nov 5, 2014 8:04am Nov 5, 2014 8:04am
Finally going back to old me after almost 9 days of smaller gains, heres the starter

Reasons to take the trade, ABCD completion and PCRF formation , waited the news a bit, then nothing happened, so took the trade, if no news I might have taken a bit earlier
Attached Image (click to enlarge)
Click to Enlarge Name: GU_H1.jpg Size: 336 KB
I Have Learned to Take Some Losses to Make Profits
  • #43,286
  • Nov 5, 2014 8:07am Nov 5, 2014 8:07am
Quoting lorbax
{quote} you can. but, price can have basically two directions: UP or DOWN, and even if "past replays in the future" it doesn't mean there is a 1:1 correlation between what it did before with that it will do later... example if you have a series of 10 moves: up,down,up,down,up,down,up,down,up,down ... the 11th might be "up", but can you be 100% sure of it? and if it's down?? So basically with price you only have a 50% of chances to go in the direction you want, then you have to sum commissions, then you have to sum that you're not always in front...
Thank you lorbax for your explanation. I'm not new to the TDI having used it now for 3 or 4 years. However, the reason I mention it is I was guesting in a webinar for prop trading hosted by a professional prop bank trader based in London the other night. He said "Indicators are Bunkum! Do you think bank traders sit there watching a screen saying 'hello the stoch has just crossed up, better go long'. He said they don't have indicators, just order flow and areas of liquidity where there is enough liquidity in the market for them to buy or sell. Plus they know at what level and how many billion options are sitting above or below the current market level. No indicators. We don't have access to order flow (buy & sell orders coming in) or their levels, the nearest thing that can help us is probably supply/demand zones and s/r levels which are logical and not a laggard indicator.
  • #43,287
  • Nov 5, 2014 8:08am Nov 5, 2014 8:08am
Quoting TheScorpS
Finally going back to old me after almost 9 days of smaller gains, heres the starter Reasons to take the trade, ABCD completion and PCRF formation , waited the news a bit, then nothing happened, so took the trade, if no news I might have taken a bit earlier {image}
Nice trade TSS.
  • #43,288
  • Nov 5, 2014 8:16am Nov 5, 2014 8:16am
Quoting Tanglewood
{quote} Thank you lorbax for your explanation. I'm not new to the TDI having used it now for 3 or 4 years. However, the reason I mention it is I was guesting in a webinar for prop trading hosted by a professional prop bank trader based in London the other night. He said "Indicators are Bunkum! Do you think bank traders sit there watching a screen saying 'hello the stoch has just crossed up, better go long'. He said they don't have indicators, just order flow and areas of liquidity where there is enough liquidity in the market for them to buy or...
I have been learning about Order Flow for almost a year now, theres a detailed thread here on FF about that, cant imagine tho I trade without TDI, is what I need with Order Flow and harmonics ie ABCD

Indicators are fine as long as ones don't over load his charts with em, the one thing that a trader needs to know is how to be pro in his indicator, ie understand the ins and outs of his sole indicator to make it work for him along price action, order flow, s&r, supply and demand zones , timings etc
I Have Learned to Take Some Losses to Make Profits
  • #43,289
  • Nov 5, 2014 9:20am Nov 5, 2014 9:20am
Quoting TheScorpS
{quote} I have been learning about Order Flow for almost a year now, theres a detailed thread here on FF about that, cant imagine tho I trade without TDI, is what I need with Order Flow and harmonics ie ABCD Indicators are fine as long as ones don't over load his charts with em, the one thing that a trader needs to know is how to be pro in his indicator, ie understand the ins and outs of his sole indicator to make it work for him along price action, order flow, s&r, supply and demand zones , timings etc
Thank you TheScorps. Like you I have spent so long learning to 'read' the TDI that I can't imagine trading without it. When I have tried to trade indicator free I've just had to put the tdi back on. I agree there are other equally important things to consider though, particularly s/r structure and fundamentals knowledge which ultimately decide where currencies are going and will help give us a bias on general direction, as an example re the Japanese news last week and what this means for the yen.
  • #43,290
  • Nov 5, 2014 9:24am Nov 5, 2014 9:24am
Quoting Tanglewood
{quote} Thank you lorbax for your explanation. I'm not new to the TDI having used it now for 3 or 4 years. However, the reason I mention it is I was guesting in a webinar for prop trading hosted by a professional prop bank trader based in London the other night. He said "Indicators are Bunkum! Do you think bank traders sit there watching a screen saying 'hello the stoch has just crossed up, better go long'. He said they don't have indicators, just order flow and areas of liquidity where there is enough liquidity in the market for them to buy or...
well since you don't have access to such instruments, it's quite pointless to make the comparison, but I agree with you that indies are quite laggy, we only need them to filter the PA, but all strategy merely based on indicators only, are all failing, and in the last 7-8 years I have tested quite many of them.

Conclusion ? follow the PA, with some filters (such as the HA candles and the TDI) and then enter if you "feel" it correct, not only with them indicators on the screen.
TMS really helped me for now to have a simple and clean view of charts.

cheers
Lorenzo
  • #43,291
  • Nov 5, 2014 9:27am Nov 5, 2014 9:27am
took this trade on m5 as I will be monitoring. Shortly later lady boss wanted to go out so I decided to target profit at previous high which got hit. Took only half of what was available
Attached Image (click to enlarge)
Click to Enlarge Name: gy.png Size: 51 KB
the cautious seldom err....C
  • #43,292
  • Nov 5, 2014 9:28am Nov 5, 2014 9:28am
Quoting lorbax
Hello everybody, this is my view for AJ ... both H4 and H1 confirmation, I like the candle setup on top, {image} Just now as I'm typing I closed half lot, 98.88 +28 pips. Set SL to BE+2 and let it go. my two cents, cheers.

Closed all +28 with half ... and +70 with second half.
Lorenzo
  • #43,293
  • Nov 5, 2014 9:33am Nov 5, 2014 9:33am
same scenerio with this trade except this was a pending order at near bottom of H4 demand zone. Couldn't monitor as well but hit TP
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 62 KB
the cautious seldom err....C
  • #43,294
  • Nov 5, 2014 10:19am Nov 5, 2014 10:19am
fxcm US dollar index in weekly supply zone
Attached Image (click to enlarge)
Click to Enlarge Name: usdollar.png Size: 54 KB
the cautious seldom err....C
  • #43,295
  • Nov 5, 2014 10:21am Nov 5, 2014 10:21am
60 green on M1 USOIL short at res@11AM EST
Attached Image (click to enlarge)
Click to Enlarge Name: oil sell M1 Wed 5.11.14 +60 @11am est.png Size: 120 KB
Appreciation is the key to wealth and happiness
  • #43,296
  • Nov 5, 2014 10:48am Nov 5, 2014 10:48am
Quoting pips29
took this trade on m5 as I will be monitoring. Shortly later lady boss wanted to go out so I decided to target profit at previous high which got hit. Took only half of what was available {image}
Good trade never the less, good luck into next one
I Have Learned to Take Some Losses to Make Profits
  • #43,297
  • Nov 5, 2014 10:50am Nov 5, 2014 10:50am
Quoting likica
60 green on M1 USOIL short at res@11AM EST {image}
Thats awesome , third cross down on M15 TDI was the ignition of the trade
I Have Learned to Take Some Losses to Make Profits
  • #43,298
  • Nov 5, 2014 1:07pm Nov 5, 2014 1:07pm
Hey Everyone,

Their was someone who said "TMS" doesn't work, and they didn't like the TDI indicator.
Which is ok...

I was just pointing out that someone could strip down the TMS system to the basic's
and have still have a pretty good system. I personally trade with the TDI with different
levels, such as s/r. I have found that APB and watching the price action using different levels
and the price action channel to be very profitable. That's what I was trying to say.

I have found this system to be very profitable and I like it. I have full confidence
in the system. I was only trying to reassure people that this is a good system.
I think Emmanuel is doing a great job of teaching and more than that
he is a good trader. Their are some other TMS traders around FF that are very
good traders. We are all just trying to help you...you know... give back and
share our knowledge

sj
  • #43,299
  • Nov 5, 2014 6:17pm Nov 5, 2014 6:17pm
Entered GU short, h1 .... @1.00am (gmt+2)

Attached Image (click to enlarge)
Click to Enlarge Name: gu.PNG Size: 77 KB


Don't super like the signal but i'll try.... half lot.
Lorenzo
  • #43,300
  • Nov 5, 2014 6:28pm Nov 5, 2014 6:28pm
Quoting lorbax
Entered GU short, h1 .... @1.00am (gmt+2) {image} Don't super like the signal but i'll try.... half lot.
isn't it a bit late trading GU specially when EU/NY market is asleep? my 2 cents
Daniel
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