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Trading Made Simple

  • #43,421
  • Nov 8, 2014 3:27pm Nov 8, 2014 3:27pm
Quoting emmanuel7788
{quote} Hi Esosa, Please post a chart with question and I'll try answer that for the benefit of more people here. Also, my post on GBPNZD was to ask to identify the risks of that setup at that particular point in time. the same chart below: {image} regards, Have a Good Weedend.
Hi Emmanuel, Am refering to the arrows i circled on your chart.

EURNZD 7 Nov H1 TDI views.png
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD 7 Nov H1 TDI views.png Size: 77 KB
  • #43,422
  • Nov 8, 2014 6:07pm Nov 8, 2014 6:07pm
Tanglewood & SJ,

I know SJ used to trade Guppy with TDI and hope still trading with Guppy. If you guys shows some images with entry and exit points will be helpful for us. Please see the my queries in the attachment.
Studying Guppy with TDI for almost 3 months but not getting the confidence. Sometimes it looks everything fine when the trend is going. Hard point from me to trade when the market goes sideways and Guppy long & shot changes the direction.
SJ -> Enlightened us with your valuable inputs.

AB
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-08_18-37-0.png Size: 124 KB
  • #43,423
  • Nov 8, 2014 7:20pm Nov 8, 2014 7:20pm
ababias,

Nice meeting you!

Your question of where are the entry's/exit's? Is a really good question and I struggled with
this for a long time. If I mix two system's (Tms & Synergy) Dean Malone came up with the
price action channel. The price action channel is a 5 smoothed high & a 5 smoothed low. The
10 ema is right in the middle of the channel.

When the average price bars trade in the middle of the pac then no trade. If price trades above
the pac then trade long, if price below the pac then trade short. So this is your entry. The long
term guppy's are excellent for trend and the pac is excellent for entry.

For exit's use: levels (s/r), hooking of the Tdi, apb changes color or tp1,tp2,tp3...
Emmanuel teaches some excellent exit's.

The long term guppy's are: ema 30,35,40,45,50,55,& 60. Make them pretty but not to distracting!
Using apb's, with the pac, along with the long term guppy's, imho is a excellent system. Add
in the Tdi indicator so you can see what the rsi is doing and you have a very clean, simple system
that is excellent for trading.

Remember the guppy's are to guide you. You can still trade into them and they can be very flexible.

Hope this helps you & explains it better.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 64 KB
  • #43,424
  • Nov 8, 2014 7:54pm Nov 8, 2014 7:54pm
In this example, it looks to me that price might retrace back up into the guppy's,
then possibly turn back down. We will have to watch & see. If price turns back
down & goes through the pac, I'll be entering a short trade.

I would not be entering a long here (into the guppy's) because the daily chart is trending hard
to the downside. It would be a counter trend trade going long, so I would be looking to
go short at this time. But if price were to keep going long that would change the situation.

Hope this helps you.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 70 KB
  • #43,425
  • Nov 8, 2014 9:22pm Nov 8, 2014 9:22pm
Quoting snarlyjack
In this example, it looks to me that price might retrace back up into the guppy's, then possibly turn back down. We will have to watch & see. If price turns back down & goes through the pac, I'll be entering a short trade. I would not be entering a long here (into the guppy's) because the daily chart is trending hard to the downside. It would be a counter trend trade going long, so I would be looking to go short at this time. But if price were to keep going long that would change the situation. Hope this helps you. {image}
First of all, thanks for the useful and effective inputs. A senior members like you certainly deserves the respect and your wisdom sharing will be a learning curve for many people who goes through this thread daily. Big B might be proud of people like Emmanuel, SJ, PHX62, X-man,..................many others (Sorry, if I miss anyone). Thanks a lot.

Anyway, entry understood.
1) Check the D1 trend and place the trade in the direction of the trend.
2) When PA cross the PAC in the direction of the trend -> Take the trade.

I didn't see the 10 ema in your chart. How you use it for your trades.
I have some more queries but I will come with images tomorrow.

Emmanuel meanwhile enlighten us with your entry & exit methods.

Thanks,
AB
  • #43,426
  • Nov 8, 2014 10:00pm Nov 8, 2014 10:00pm
ababias,

Thank you for your kind words. Their are some excellent traders here at FF.
I do not use the 10 ema in the system. I was just pointing it out because
I know a lot of people & systems use it.

One of the other things I like about this system is, I can look at 5 charts (in my case)
very quickly and determine what I need to do. I don't have to spend lot's of
time looking at charts...especially on the 4 hour & daily charts.

Thanks once again.
  • #43,427
  • Nov 8, 2014 11:01pm Nov 8, 2014 11:01pm
Quoting emmanuel7788
Here attached some notes written to that GBPNZD 7 Nov H1 chart posted yesterday. If you have questions, please post and ask. If you have another view of this, also please post and share your views. Like our pioneer TMS member snarlyjack said: there are many ways to skin a cat. Have a Good Weekend. {image}
Thanks the weekly analysis, very good in doing the work beforehand and market opens, is there a way to download all the weekly analysis Emanuel done along the days ?
I Have Learned to Take Some Losses to Make Profits
  • #43,428
  • Nov 9, 2014 12:09am Nov 9, 2014 12:09am
AUDUSD. Price candle
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-09_12-07-00AUDUSD.png Size: 54 KB
Sad i'm not trying to understand PA
  • #43,429
  • Nov 9, 2014 1:22am Nov 9, 2014 1:22am
Quoting lorbax
fellow tms traders, I am currently using and quite satisfacted by the Synergy-PRO_TDI + the HeikenAshi_DM posted by Emmanuel, clean and neat. I am just struggling with the thick lines of the TDI on the chart, as I keep 9 charts open on a 24" screen, and check them one-by-one maximized, but when they are normal sized, with those thick lines it's quite impossible to read well. Considering that it would be quite 'impossible' to get the MQ4 file - ok, but - is there an alternative way to have an EX4 file without the hard-coded thick lines, so that anyone...

I just assumed you meant the Traders Dynamic Index. Here it is in both ex4 and mq4. I am including both because I haven't tried re-compiling it with a new version of mql4. The indicator does allow for user defined line characteristics without any re-coding. Personally, I turn off all the lines except the smoothed RSI and the moving average as in the screenshot below. BTW, the spread in the sc is not really 12.50....it always goes huge at the close of the market for the weekend with this broker but, is normal come the opening.

Attached File(s)
File Type: mq4 TradersDynamicIndex.mq4   9 KB | 365 downloads
Attached File(s)
File Type: ex4 TradersDynamicIndex.ex4   5 KB | 329 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 30 KB
  • #43,430
  • Nov 9, 2014 4:29am Nov 9, 2014 4:29am
Quoting lorbax
fellow tms traders, I am currently using and quite satisfacted by the Synergy-PRO_TDI + the HeikenAshi_DM posted by Emmanuel, clean and neat. I am just struggling with the thick lines of the TDI on the chart, as I keep 9 charts open on a 24" screen, and check them one-by-one maximized, but when they are normal sized, with those thick lines it's quite impossible to read well. Considering that it would be quite 'impossible' to get the MQ4 file - ok, but - is there an alternative way to have an EX4 file without the hard-coded thick lines, so that...
Just use another version of the TDI, all of them but the RT and te MTF are the same, i.e refresh when bar closes. I use the watchdog as it has alerts.

Quoting ababias
{quote} First of all, thanks for the useful and effective inputs. A senior members like you certainly deserves the respect and your wisdom sharing will be a learning curve for many people who goes through this thread daily. Big B might be proud of people like Emmanuel, SJ, PHX62, X-man,..................many others (Sorry, if I miss anyone). Thanks a lot. Anyway, entry understood. 1) Check the D1 trend and place the trade in the direction of the trend. 2) When PA cross the PAC in the direction of the trend -> Take the trade. I didn't see the...
Emmanuel's trade management is pretty complicated in that he scales out of trades... might i suggest you just use the averange range to determine targets, its much easier and less likely to get mesmerized and screw up your trade?
  • #43,431
  • Nov 9, 2014 5:30am Nov 9, 2014 5:30am
Experienced traders know this.
You should also know what experienced traders know.

Inserted Video


get the basic idea and the concept how this work.
I made this work for my Day trades
Wiil post some examples later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,432
  • Nov 9, 2014 6:09am Nov 9, 2014 6:09am
Quoting mkfx
{quote} Hi Emmanuel, Your posts are always motivating us that success in FX is possible ................ Thanks for sharing this info. It inspires all of us. Just some more info if possible . On an average how many pips you make on 1hr trade and 4 hr trade. how many pips (% of equity) as SL for each TF trade So we can plan our trades better. Best Regards MKFX

Hi mkfx,

I will try keep my reply brief here.
1) Treat forex trading as a business. You need to have business acumen. I am sure you will find education centres in your city where they teach people how to start and manage a small business. Like all business, you must have a business plan and with SMART goals which include financial targets. In trading the market for an income, you must reach and maintain consistency over a longer term to ensure a steady income stream over a longer term.

2) I do not measure trade results in number of pips. Instead, use R and R-multiple is my trading and results must be measured in the number of Rs. The Expectancy is important and I have been able to maintain a positive expectancy of above 2.5 now. One of the exit strategy objective is to reduce the initial R as quickly as possible after trade entry, then using a combination of scale-out and scale-in entries and exits. That is for the purpose to win as many R's as possible at each completion of a trading cycle.
It is too risky to trade H1 with an initial SL of 50pips when the ADR is 100pips for a currency pair and expect a RR 1:2 win results. It is trying to pick the top/bottom for entry. We do not know if there will be breakout of the ADR on any trading day. I will not take a trade if I don't see a potential of minimum R:R of 1:1.5.
Take another axample, if the weekly range of a currency pair is 300 pips, and if your trade target only 60% of this range as your objetive, then the range target is 180pips. But when you use mutliple entries and multiple exits, you can win much more than 180pips in one currency pair traded.
I usually risk 1% to 2 % per currency pair traded.

I know many traders in this forum have full time jobs and cannot trade at regular hours. Some have young children at home to look after, some have family matters, etc. For this group of traders, I recommend you develop a D chart trading system based on money management. You will spend less time looking at charts and looking for trades. You need to look for potential trend breakaway and enter the market, then strategically scale-in more positions with the same initial risk.

Below is an example how the D charts can be traded with small initial position. Scale-out with one profit, then add-on more positions using the ADR. Trail the market using 2 day look back until you get stopped out all trades. You will have some losing positions but the number of winners are more than one or two losers. The % return is far better than taking single entry single exit and expecting a Risk Reward 1:2. Trading the D chart this way requires a lot time to do trade planning with top down analysis and patience to look at more currency pairs for trade opportunities. It requires a change in trading mindset.

Trade management is made easy with a purpose built trade manager EA. I decide on the first trade entry and the % risk. The EA will determine the scale-out of the 1st position taking some profits. It will also calculate the 2nd position using a % of the ADR and place the the 2nd trade, move the stops for all open trades, then add-on the 3rd , 4th, etc. and moving the stops to trail as user defined. In my case, I trail 2 days behind just like how I trade the stock market.
this work great for trending market and this is one way how to "Let Profits Run". This is manual taeding with semi-automatic trade management made easy. My life as a trader is easier this way. I only need to check my chart and trades once a day and make the necessary decision.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD D chart ME-ME trades.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,433
  • Nov 9, 2014 6:21am Nov 9, 2014 6:21am
Quoting Esosa
{quote} Hi Emmanuel, Am refering to the arrows i circled on your chart. EURNZD 7 Nov H1 TDI views.png {image}
you want to know the TDI "secrets"?

the answer is in the APB.

get both in sync.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,434
  • Nov 9, 2014 6:41am Nov 9, 2014 6:41am
Not wanting to start this flame war anew, but people, newcomers, please focus on what really matters. This system's great and it works as proven by many of the posters here. In order to succeed you need 3 things
1. Pay attention to the basics, support/resistance or supply/demand zones, consolidation etc.
2. filter out TDI crosses, don't just take any type of cross - only the clear ones, if green is just touching red this is not a valid signal! a clear and obvious cross. If you have to, wait for the next candle, just make sure you can see green coming over (or under) red clearly.
3. the patience to let trades play out.

Having a good risk reward definitely helps, the winrate should be high if you follow those three things strictly and the money will soon start to pour.

YOU DONT NEED, and I can't stress this enough, fancy scaling in-scaling out, adding to position, contigency plans B, C, D, E, F... , Z... All you need to do is watch for the best cross, that's the whole idea of "KEEPING IT SIMPLE". The APB are there to help you stay in the trade, they are there to take away the stress from the whole endeavour. You don't enter based on price action, albeit price action helps. You focus on what the TDI is telling you.

Seriously, stop preoccupying yourselves with the way some people manage their trades, it is not the point of this thread.

No offense meant to anyone, just trying to help.
  • #43,435
  • Nov 9, 2014 6:49am Nov 9, 2014 6:49am
Quoting WDays
Not wanting to start this flame war anew, but people, newcomers, please focus on what really matters. This system's great and it works as proven by many of the posters here. In order to succeed you need 3 things 1. Pay attention to the basics, support/resistance or supply/demand zones, consolidation etc. 2. filter out TDI crosses, don't just take any type of cross - only the clear ones, no taking a trade if green is just touching red, a clear and obvious cross. If you have to, wait for the next candle, just make sure you can see green coming over...
Best post I have read in ages!!!

Study this it's all you need....
Give yourself a chance and trade it like it's layed out...
  • #43,436
  • Nov 9, 2014 6:56am Nov 9, 2014 6:56am
Quoting TheScorpS
{quote} Thanks the weekly analysis, very good in doing the work beforehand and market opens, is there a way to download all the weekly analysis Emanuel done along the days ?

TST,

my group' the weekly planning session starts in 2hours London 15:00hour.

I thought you are in Joe' skype group. You guys doing own weekly analysis together or not?

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,437
  • Nov 9, 2014 7:18am Nov 9, 2014 7:18am
Quoting omonisha
AUDUSD. Price candle {image}
using TMS analysis,
all 3 TFs says bearish,

Sell the rallies next week... target 0.8410,
use ADR as the distance for SL, trailing SL with view to the APB higd/open, and add-on positions,
this way, you get more pips in the 250pips down move.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD week 46 view.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,438
  • Nov 9, 2014 7:45am Nov 9, 2014 7:45am
Quoting Bizzzle
{quote} Best post I have read in ages!!! Study this it's all you need....
Thanks Bizzle, it seems it's not enough when the only one saying those things is you, so I'm trying to back you up Hopefully, soon we will be legion!
  • #43,439
  • Nov 9, 2014 7:47am Nov 9, 2014 7:47am
Quoting ababias
{quote} First of all, thanks for the useful and effective inputs. A senior members like you certainly deserves the respect and your wisdom sharing will be a learning curve for many people who goes through this thread daily. Big B might be proud of people like Emmanuel, SJ, PHX62, X-man,..................many others (Sorry, if I miss anyone). Thanks a lot. Anyway, entry understood. 1) Check the D1 trend and place the trade in the direction of the trend. 2) When PA cross the PAC in the direction of the trend -> Take the trade. I didn't see the 10...
Hello AB,

TMS entry is simple. APB change colour and TDI cross, bounce with 12-2 and 4-6 to confirm. That entry can be a reversal trade entry or a continuation trade entry.

Exit Strategy is the important thing we need to define for our own trading system. Exit strategy will determine how much profit we make in a trend.

Exit is not just closing your trade. It also mean we can exit partial to take some profits. Then when we see another TMS condition present, we can enter another position.

I don't trade single entry single exit because it is proven to be less effective in maximising profits using our initial risk in a trending market type. We need to think of how to make our money work for us. And less having to work for money.

Hope this is explain simply.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,440
  • Nov 9, 2014 7:49am Nov 9, 2014 7:49am
Quoting emmanuel7788
{quote} Exit Strategy is the important thing we need to define for our own trading system. Exit strategy will determine how much profit we make in a trend. Exit is not just closing your trade. It also mean we can exit partial to take some profits. Then when we see another TMS condition present, we can enter another position. I don't trade single entry single exit because it is proven to be less effective in maximising profits using our initial risk in a trending market type. Hope this is explain simply. regards,
That's the type of s#@! that needs to stop, seriously.

Saying what TMS is in 1 sentence and rambling on about how important it is to have a complicated money management plan.

Stop dude, you're not doing anyone any favors......

Quoting ababias
{quote} First of all, thanks for the useful and effective inputs. A senior members like you certainly deserves the respect and your wisdom sharing will be a learning curve for many people who goes through this thread daily. Big B might be proud of people like Emmanuel, SJ, PHX62, X-man,..................many others (Sorry, if I miss anyone). Thanks a lot. Anyway, entry understood. 1) Check the D1 trend and place the trade in the direction of the trend. 2) When PA cross the PAC in the direction of the trend -> Take the trade. I didn't see the 10...
Original Big E. TMS is TDI crossing (CROSSING, not touching!!! I will reiterate, wait for the next candle if you have no clear cross on the current), APB blue for long, red for short and close above (for long) or below (for shorts) a 5 period EMA shifted by 3 candles. Entering after the third candle is not advised as trends tend to exhaust anywhere after the third candle.
Then there's the bounce trade, which is TDI lines touching or coming close (but not crossing, which is why I emphasized so much on the fact that we need to see green above or below red for our first type of entry) and then coming apart again

As far as the exits go, you exit based on what the TDI tells you, if it's hooking then the move may be exhausted and price may stall and/or reverse. If it's crossing and giving you a signal in the opposite direction you definitely want to exit and so on.

The way we trade it today is without the EMA, just a good clean cross and a change in APB. Once again, you need to keep in mind the basics, but only that. TMS is not about fancy fibo analysis and crap like that, because it imminently makes it not simple. Exits are based on the average move range give or take 10 pips.
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