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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #43,681
  • Nov 12, 2014 12:28am Nov 12, 2014 12:28am
Hey Emmanuel,

Before I go to bed. I wanted to tell you that I think you have done a
great job with this forum for a long long time and I really appreciate it.
You have helped a lot of people over the years and you should be thanked!!!

Their are some other people who have been a great help to this forum
and Lastingwell is another person who is a excellent trader and teacher.
Plus other people to numerous to name. I just wanted to thank everyone!

And I hope you all stick around for a long long time...

sj
  • #43,682
  • Edited 2:21am Nov 12, 2014 12:51am | Edited 2:21am
Quoting emmanuel7788
{quote} Hi Valdbold, very good entry you sold below the day open for a continuation trade. you missed the previous D inside bar breakout when you exited when price hit the previous D low. the previus d was inside bar consoldation at BRN 1.4400. I sold at 1.44007 still holding for this week.
Thank you for the feeback! I know i have to be more careful with the D analysis.

And ballistical , thanks for the compliment, right back at you!

I see a triple top forming on E/A H1, exactly at yesterday's low. I will be looking for a new entry, possibly at LO, once we have a TDI confirmation. Could be quite a nice trade.

G/a also looks promising with a rejection of the 800 ema, after a 38/2% retrace of the last move. Reasons to short both with a good signal, i'd say.

Later edit : SHORTED both pairs, already closed 1/2 of the G/A Position at +25 pips.
EDIT 2 : stopped out 1/2 position at +1.
  • #43,683
  • Nov 12, 2014 12:58am Nov 12, 2014 12:58am
Quoting Vladbold
{quote} Thank you for the feeback! I know i have to be more careful with the D analysis. And ballistical , thanks for the compliment, right back at you! I see a triple top forming on E/A H1, exactly at yesterday's low. I will be looking for a new entry, possibly at LO, once we have a TDI confirmation. Could be quite a nice trade. G/a also looks promising with a rejection of the 800 ema, after a 38/2% retrace of the last move. Reasons to short both with a good signal, i'd say.
I'm watching the same level Vladbold (Aqua line)
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Focus on the process and the profits will follow
  • #43,684
  • Nov 12, 2014 1:28am Nov 12, 2014 1:28am
Quoting snarlyjack
Hey Emmanuel, Before I go to bed. I wanted to tell you that I think you have done a great job with this forum for a long long time and I really appreciate it. You have helped a lot of people over the years and you should be thanked!!! Their are some other people who have been a great help to this forum and Lastingwell is another person who is a excellent trader and teacher. Plus other people to numerous to name. I just wanted to thank everyone! And I hope you all stick around for a long long time... sj
You are the peace keeper in this thread.
Thanks and good night.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,685
  • Nov 12, 2014 1:38am Nov 12, 2014 1:38am
Quoting mkfx
{quote} Manoj Wow ,Now i can see your trades (close to Guruji......) Just keep doing same thing................. Thanks
Thanks Mkfx,

I believe my self as shishya so that I can learn everday.
  • #43,686
  • Nov 12, 2014 2:01am Nov 12, 2014 2:01am
Quoting emmanuel7788
{quote} Oil is not in the list of currencies. So the alerts are not correct. I see an error handling routine went into a loop. My group tested that indicator more than 2 years ago and discovered this. So we made our own TDI "watchdog" Next version I will add the currency list to be user define. Also we set a timer so that the alerts are not repeated within a certain defined number of minutes. Let me know what your wish list for the next version of TMS-II TDI Watchdog. If I can accomodate them, I will add on. regards,
Hi, Emmanuel
I have one thing to add to the wish list. In this current version, numbers are 'refreshed' when I move TF or reopen the charts. It would be great if this tool has an option which freezes numbers till the bar finishes even if the chart reopened. My current workaround is always refer to log file generated which looks following:

2014.11.12 16:00:00 [TMSWATCHDOG], GBPCAD, H1, Cross DN, Slope: -4.6
2014.11.12 16:00:00 [TMSWATCHDOG], USDCAD, M15, Cross UP, Slope: 7.4
2014.11.12 16:00:00 [TMSWATCHDOG], GBPAUD, M15, Bounce DN, B: -3.8, Slope: -4.7
2014.11.12 16:00:01 [TMSWATCHDOG], EURJPY, M15, Bounce UP, B: 3.1, Slope: 3.4
2014.11.12 16:00:01 [TMSWATCHDOG], NZDUSD, M15, Cross DN, Slope: -5.7
2014.11.12 16:15:00 [TMSWATCHDOG], GBPJPY, M15, Cross DN, Slope: -5.4
2014.11.12 16:15:01 [TMSWATCHDOG], USDCAD, M15, Cross DN, Slope: -13.8
2014.11.12 16:30:00 [TMSWATCHDOG], EURAUD, M15, Bounce DN, B: -8.6, Slope: -6.8
2014.11.12 16:30:00 [TMSWATCHDOG], NZDUSD, M15, Cross UP, Slope: 4.7
2014.11.12 16:30:00 [TMSWATCHDOG], AUDJPY, M15, Bounce UP, B: 12.7, Slope: 6.4

I want to watch numners for 15, 60 and 240M when each bar opens but I cannot keep my charts (more than 10 pairs) open.

Thanks,
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #43,687
  • Nov 12, 2014 2:25am Nov 12, 2014 2:25am
Quoting heispark
{quote} Hi, Emmanuel I have one thing to add to the wish list. In this current version, numbers are 'refreshed' when I move TF or reopen the charts. It would be great if this tool has an option which freezes numbers till the bar finishes even if the chart reopened. My current workaround is always refer to log file generated which looks following: 2014.11.12 16:00:00 [TMSWATCHDOG], GBPCAD, H1, Cross DN, Slope: -4.6 2014.11.12 16:00:00 [TMSWATCHDOG], USDCAD, M15, Cross UP, Slope: 7.4 2014.11.12 16:00:00 [TMSWATCHDOG], GBPAUD, M15, Bounce DN, B: -3.8,...
Hi heispark,

Your idea is a good one. My group discussed this before. In our next plan release, you don not need to change chart TF to get the watchdog data for various timeframes.
You will need only to place the TDI watchdog running in one chart TF, and it will look for the data string in every other user selected TFs and print the data journal after the selected TF candle closes.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,688
  • Nov 12, 2014 2:46am Nov 12, 2014 2:46am
Quoting mkfx
{quote} I some one facing problem in trading psychology, I think he should read regualary some books. Emotion free trading and Disciplined trader . Thanks
Hello TMS traders,

Managing our own trading psychology is a very difficult thing. It starts with awareness, and that needs us to be self aware of who we are when we are trading. Our emotions plays a crucial part and that often hampers the way we think. What we think forms our beliefs. We need to self evaluate our beliefs and ask ourself if those beliefs are not true, then what shall we do. Many beliefs are delusions because they are not true and we held onto them for too long that they seems to be true.

I did The Work [click] some 4 years ago as recommended by one mentor. The results help changed my whole perspective about trading and how I manage myself when I am trading. It also changed my life and my relationship with many different people.

Are you prepared and willing to do The Work ?
Watch and listen to some of the youtube videos.

This can be the start of your transformation journey to become a winning trader.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,689
  • Nov 12, 2014 2:51am Nov 12, 2014 2:51am
Hi Traders, this is my first trade [on demo acc] for this method. I first like to honour the memory of eelfranz and thank all involved here for promoting his vision and hard work...

On the 1H TF, I spotted a few setups, GA & AU both gave 30pips [SL was 20pips initially]. UCad is currently on 15pips but I moved SL to BE+some. Motivation: I liked the PA on all 3 charts... some were approaching S&R but these are generally zones and given my small TP target this posed no problems. I would value your feedback... many thanks!

EDT: notice that the green line has not flattened out yet so this was rather conservative...

GA:

AU:
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  • #43,690
  • Nov 12, 2014 3:02am Nov 12, 2014 3:02am
Quoting mkfx
{quote} I some one facing problem in trading psychology, I think he should read regualary some books. Emotion free trading and Disciplined trader . Thanks

Hi mkfx,

One book I have on my bookshelf and I refer to often is this book The Daily Trading Coach by Dr Brett Steenbarger. In that book there are anwers to many questions we face as traders.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,691
  • Nov 12, 2014 3:25am Nov 12, 2014 3:25am
Hello everybody,

I am new here. I did a browse on what is TDA all about but I can't see it here in the thread. Can anybody tell me what is this all about?
I am willing to learn the strategy.

Thanks.
  • #43,692
  • Nov 12, 2014 3:26am Nov 12, 2014 3:26am
Below are two screenshot of the Synergy_Pro_TDI and the TDT Red Green
Looking at them in realtime without refreshing the chart you will see very distinct differences.
When you use the TDI and determine your technical entry and exit rules, you need to know the TDI version to use.

Your Exit Strategy is part of your Money Management strategy and your Exit Strategy will determine the profitability of your trading system over a longer term.


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD H4 TDI compare 12 Nov.png Size: 37 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD H1 11 Nov POMO.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43,693
  • Nov 12, 2014 3:36am Nov 12, 2014 3:36am
Quoting emmanuel7788
Below are two screenshot of the Synergy_Pro_TDI and the TDT Red Green Looking at them in realtime without refreshing the chart you will see very distinct differences. When you use the TDI and determine your technical entry and exit rules, you need to know the TDI version to use. Your Exit Strategy is part of your Money Management strategy and your Exit Strategy will determine the profitability of your trading system over a longer term. {image} {image}
Hi emmanuel7788, thank you for those charts it is helpful to know that. I was going by what was stated in the first post;

Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal.

and the warning that...

If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy.

My MM rules are fairly simple : I look for at least 1:2, Risk:R on the 1H TF. I'm currently practicing the entries so I went for a quicker 1:1.5. Thanks!
  • #43,694
  • Nov 12, 2014 3:43am Nov 12, 2014 3:43am
This trading made can use all the pairs?
  • #43,695
  • Nov 12, 2014 3:47am Nov 12, 2014 3:47am
Hi Emmanuel,

The difference I see with pro tdi and the old tdi is that the old TDI shows the angle of green or red after the candle closes while the pro tdi keeps changing in real time. That is why we do not see the false exits on pro tdi...I maybe wrong though.

Regards
  • #43,696
  • Nov 12, 2014 3:51am Nov 12, 2014 3:51am
Quoting dennis4u15
Hi Emmanuel, The difference I see with pro tdi and the old tdi is that the old TDI shows the angle of green or red after the candle closes while the pro tdi keeps changing in real time. That is why we do not see the false exits on pro tdi...I maybe wrong though. Regards
Hi dennis4u15, thanks... but wouldn't you make a decision based on the closed candle anyway?
  • #43,697
  • Nov 12, 2014 3:53am Nov 12, 2014 3:53am
EA short on H4 entered yesterday, exited today for +50 green.
Attached Image (click to enlarge)
Click to Enlarge Name: EA H4 short Tue 11.11.14 exit Wed 12.11.14 +50.png Size: 39 KB
Appreciation is the key to wealth and happiness
  • #43,698
  • Nov 12, 2014 3:57am Nov 12, 2014 3:57am
Quoting likica
EA short on H4 entered yesterday, exited today for +50 green. {image}
Great job! I entered the same, I was impatient and tailed a bit too tight, I got +27 ... good anyway
Lorenzo
  • #43,699
  • Nov 12, 2014 4:00am Nov 12, 2014 4:00am
hi griffinssoul,

yes u are right, we do make the decision based on the closed candle...was just giving my 2 cents about the difference between the two indicators.

Regards
  • #43,700
  • Nov 12, 2014 4:03am Nov 12, 2014 4:03am
Quoting likica
EA short on H4 entered yesterday, exited today for +50 green. {image}
Got the exact same trade, probably Ballistical has it too.

I'm pretty sure even Phx62 has this one.

Great trade !
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