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Trading Made Simple

  • #43,981
  • Nov 16, 2014 5:59am Nov 16, 2014 5:59am
Quoting emmanuel7788
{quote} Good post with good information only experienced EW traders with chartists skills knows his stuff well. Keyword: "Divergence" as seen on the chart posted. What is the opposite of Divergence? The TDI based on RSI data is a lagging oscillator. There will be market conditions when the TDI(RSI) will "under perform" the Price above. This is when Divergence will be seen on our TMS charts. However, there will also be market conditions when the TDI will "over perform" the Price. This will be what I will look out for in both EURUSD and USDCHF pairs...
Oh, very clever emmanuel7788! What you're doing is waiting for like a hidden divergence confirmation, of sorts... This achieves confirmation in trend and PA, right?

EDT: ...Oh, I just understood fully what you are saying, Yes!!! This fits in with TDI exactly!!! You are a very experienced trader emmanuel7788!!! This is gold... lol... actually, this is brilliant!!!
  • #43,982
  • Nov 16, 2014 6:21am Nov 16, 2014 6:21am
Quoting Direwolf
{quote} Sajmon, you need to know what TDI is telling you. I wrote about it in my journal here if you want to learn more. Also check out Dean Malone's explanation, he is the creator of TDI. Note that his method is slightly different than TMS.
Thanks a lot buddy
  • #43,983
  • Nov 16, 2014 8:19am Nov 16, 2014 8:19am
Quoting snarlyjack
MrAussieFx, That was a excellent video!!! Your a very good trader! My question for you is: what do you think? and what were your ending totals? My thoughts, good range of market conditions. I try very hard not to make counter trend trades. But I'm sure some people do. I also try to pyramid up to the daily because I have more trust in the daily. But that is just me... Everyone trades this just a bit differently...which is how it should be! Overall I thought it was a great video & thank you very much!!! sj
Hi SJ,

Appreciate you reply and kind words. I would like to start by saying that I'm fairly new to forex (just 8 months old) and I'm desperate to learn and make money using TMS. Moreover, I've full faith and trust in this system and also believe that if traded wisely (good money management and with discipline) can bring us profits.

My problems:
1. I've a day job (4PM AEST to 1AM AEST ) that takes LO and 2 hours of NY session which makes it hard for me to trade with confidence and consistency.
2. Because of the above reason I have not tracked my results as I've been very inconsistent with my lot size, my trading time and my money management.
3. I've been jumping from H1 to H4 to daily because of my day work which brought me more losses than wins.

What am I doing to overcome my Problems:
1. I've may get my breaks at 7PM AEST (London Open), 9 PM AEST (4 hour candle in London Session) and 12 AM AEST (NY open) so that I can trade the best sessions with 4 hour candles which may give an opportunity to turn trades into daily TF.
2. Once I get my above mentioned routine in motion, I may start tracking my results and share them here but for now my apologies I don't have anything to share.
3. When I don't trade I try to use forex tester to gain confidence and discipline.
4. I'm currently learning about structures on the chart and how to use Guppy for counter trend moves.

I'm looking forward to contribute more with my charts.
I tried my level best to answer your questions, Apologies if I missed something.

Kindest Regards
  • #43,984
  • Nov 16, 2014 9:59am Nov 16, 2014 9:59am
Hi folks
I have been reading this thread for some time. Thank you all for the strategy and input.
My question is how do I replicate the yellow base line?
I am using Ninjatrader and the TDI that I was able to load is missing the yellow base line and I do want to study my charts with it. I was not able to find the calculations for it anywhere.
Thanks
Tom
  • #43,985
  • Nov 16, 2014 10:28am Nov 16, 2014 10:28am
Good morning Tms,

It's Sunday morning (my time).

MrAussieFX,

You are definitely on the right track!

What we don't want to go is stand in front of a running train that is speeding down the track
with us in front of it thinking it's going to stop for us. That is a very good way to get run down.
What we want to do is wait at the train station for the train to stop and get on for the ride.
If the train changes direction we get off and wait for the next train...

We don't want to fight it out with the institution's on who is right, we want to ride on their backs.
We are following the market sentiment (main underlying trend) in tune with the institution's, Tdi.

In your case, because of your work schedule I would convert to the Daily chart. It will take you
some time to get used to how the daily flows but take all the time you need. From what I
see you now (1) have a system that works & (2) you know which time frame to trade on.
That is a huge success right their! It's called "crystallize" your goals and method.
Now...Demo trade & take all the time you need to get really dialed in!

Congrat's!

sj
  • #43,986
  • Nov 16, 2014 10:39am Nov 16, 2014 10:39am
Hey Emmanuel,

I just wanted to tell you I loved your captioned picture!
Also, thanks for all your help & patience, I appreciate it!
Your a great trader, trading numerous different chart's
and time frames, plus teaching and running this thread
all at the same time. All of that is super difficult to do & your
doing great

Thanks once again!

sj
  • #43,987
  • Nov 16, 2014 11:55am Nov 16, 2014 11:55am
Hello to all of you , I'm roberto , I wanted to ask you the information if you can clear my head But the dmi ago repaint ? I am doing simulations with this indicator with MACD and Storage The dmi indicator is the directional movement ? Thanks for your answers
  • #43,988
  • Nov 16, 2014 11:57am Nov 16, 2014 11:57am
Quoting griffinssoul
...Just my personal take on EU (D1 TF), I won't go into my EW count, but no matter what you use clearly we're in a downtrend (...lol) with complex corrections as of late (these are wave-4 type corrections... blah blah). I'll be keeping an eye on the D1 TF's TDI. You may notice we also have RSI type divergence but the problem I have with this it neither gives you a time-frame nor price-range for the corrective move. I'll be avoiding the lower TF's for the reason stated above... {image}
You got my attention with EW , I am studying that concept for some time now, I followed Ramki in general, just concentrating on how he view EW with Fibonacci levels, he makes it looks so simple and that why I like it
I Have Learned to Take Some Losses to Make Profits
  • #43,989
  • Nov 16, 2014 12:42pm Nov 16, 2014 12:42pm
hi folks, hope you're having a good sunday with family and friends..

I was doing a bit of simulator testing on GBPAUD H4, and I would like to share some insight, showing you good and bad entry points following TMS rules...

Attached Image (click to enlarge)
Click to Enlarge Name: gaaaaaa.PNG Size: 111 KB


- Magenta Vertical lines: are bad entries that led to stoploss, they often went positive some pips, but didn't have enough right power.
- Green Vertical lines: good entries, they went powerfully to the right direction and brought profits, often scaled-out orders.
- White 'X' : are marked where TDI crossed sharply, and possibly also the APB changed color, confirming the signal, BUT I didn't take the trade as they were <32 or >68, I generally avoid those, even if they can lead to positive pips... you can be more/less aggressive/conservative and can evaluate whether to take some of the 'X' trades too.

- Turquoise BOX: this was an excellent opportunity that I didn't take, there was a bit of choppy market, but it ended with a PCRF (short) and I only noticed when it was too late to enter, such as at bar#3 or bar#4 (even though we had 20 red candles in a row ... my bad!). Emmanuel teaches brilliantly how to spot those PCRF formations and I noticed they are very powerful, sharp up your eyesight to spot those guys!

Let's analyse the trades one by one, comments and feedback are well accepted as I starve for learning more and more...
1) bar#1 was a bit spiky, bar#2 too .. i decided to enter anyway, on the fly, not exactly at the open (sym can be too fast sometimes!) it went in profit a few pips but then got stopped out - my mistake - if I enter late, I need to exit early -

2) Two mistakes: I entered at bar#4, and TDI cross was over 50, even though crossed MBL (yellow) too. Went in profit few pips but I didn't close it - stopped out.

3) Awesome trade opportunity that I missed, you can tell it was a good one not only by looking right to the next candles (easy shot) but MAINLY because TDI green crossed RED, yellow MBL and '50' line in one shot ... plus the strong PCRF formation - bar#2 red broke down #bar1 blue .

4) Nice bounce signal, close to '50' area, MBL is pointing on the same direction of the price trend, bounce is over MBL, big blue candle#1 ... boom! I could have managed the position better but "all the coulda, woulda, shoulda is bullshittah" ...

5) TDI cross under red seems ok, but MBL is pointing upwards, price is pointing downwards and I entered short. it was a weak signal - few pips in profit and then back to stoploss

6) TDI cross over red was ok but it was under MBL , fairly close to '50' but still not enough strong for a decent upmove, I closed in small profit but I don't consider this a winning trade.

7) Excellent signal: TDI cross under red, it happened just under MBL and '50' level, the only small "con" is the flat MBL, not a big deal problem - I closed it out ones TDI reached lower band line, which is also S/R level @1.69

8) Same as #7, on the opposite side, very good TDI cross over red, happening over MBL and over '50' , MBL is also pointing upwards, closed in very good profit, it probably could have done better with a larger trailing-stop.

9) Fairly good bounce signal, TDI crossed violently MBL yellow line but IMHO bar#2 where I entered was already too big - I actually went in profit and I cashed in some green pips, but I don't consider it a nice trade, R:R was not good - too large SL, considering the amount of pips cashed-in.

10) Perfect signal : TDI cross under red, happened under MBL and in the '50' zone, MBL pointing downwards - reached TP immediately.

PS. I just noticed I skipped by mistake a couple of trades between #7 and #8, first went to SL, second too and I didn't take a nice long bounce trade just after, as homework please give me your opinions about those too, calling them 7A, 7B, 7C


Hope this can be useful to some newbies, and I also would like to receive some feedback from anyone pointing out their ideas and opinions to specific trade number, or general topic ...

thank you
have a nice evening/day/night whichever GMT you are at
Lorenzo
  • #43,990
  • Nov 16, 2014 1:39pm Nov 16, 2014 1:39pm
Quoting snarlyjack
MrAussieFx, That was a excellent video!!! Your a very good trader! My question for you is: what do you think? and what were your ending totals? My thoughts, good range of market conditions. I try very hard not to make counter trend trades. But I'm sure some people do. I also try to pyramid up to the daily because I have more trust in the daily. But that is just me... Everyone trades this just a bit differently...which is how it should be! Overall I thought it was a great video & thank you very much!!! sj
Hey SJ ,
I´ve got a question to you :
So in your post last week , you said you trade five pairs H4 and D1 on top /below eachother , whan makes sense , no question .
And you trade " the original " h4 .. and try to transfer the trade to D1( ) ; so my questions are :

- Do you also liquidate all entries at 6 am your time like BIG E did ??
- Do you also accept 6 am your time what is around 30 minutes to NY open ( right ? ) as a new " signal candle " or don´t you enter then ??
- last but not least .. with your five different charts ; how many trades do you enter ? let´s say a week ?

I ´m really new to the TMS and started demoing .. ( and I´m in profit ) ..my best results i got in H4 ..
.. and started D1 last week in the simulator ( daaamn was that profitable !!!!!!!!! ) ..
So at the moment I just try to make mine and why not ask the you as a " original " .
I saw your pic with the harley last year .. and one year before you traded minilots ..
So you ´re on the right track I know , no doubt .
Have a nice sunday
Guido
Risiko birgt immer auch die Chance.
  • #43,991
  • Nov 16, 2014 2:44pm Nov 16, 2014 2:44pm
hi traders l need the last version of TDI
  • #43,992
  • Nov 16, 2014 3:13pm Nov 16, 2014 3:13pm
emmanuel to favor the dmi ago repaint? thanks
  • #43,993
  • Nov 16, 2014 3:21pm Nov 16, 2014 3:21pm
Quoting firas1980
hi traders l need the last version of TDI
would be awesome if your post contained few other words such as 'can' / 'please' / 'thanks' ... anyway you can find all the files clicking the small paperclip on top of this page:

Attached Image (click to enlarge)
Click to Enlarge Name: att.PNG Size: 15 KB


cheers
Lorenzo
  • #43,994
  • Nov 16, 2014 3:38pm Nov 16, 2014 3:38pm
hi lord bax please for the dmi, this indicator ago repaint?
thank for your answer
  • #43,995
  • Nov 16, 2014 3:43pm Nov 16, 2014 3:43pm
Quoting emmanuel7788
While reading some PMs today, {image}
Hello Emmanuel7788.
Can you please clear up my confusion.
In the image that accompanies the above post you state "To be a valid 3-bar PCRF, Bar 3 must close higher than the High of Bar 1".
I can't recall Phx62 (who defined a PCRF) saying that. Can you please tell me where I can find it.
Thanks for your help, warmth and straight talking Heather.
  • #43,996
  • Edited 5:22pm Nov 16, 2014 4:25pm | Edited 5:22pm
Quoting astribale65
hi lord bax please for the dmi, this indicator ago repaint? thank for your answer
dmi ? ...ago ? ...

there are few versions of TDI, the one that updates real-time repaints, the other one that updates only every candle-open, does not repaint.
there are pros and cons with both.

Just pick one and master that one until you're not satisfied, but before mastering one, I'd suggest you not to swtich back-and-forth between setups and templates.
TMS is really simple and it's in her (its) nature to be simple:

1) heikin ashi candles (also called APB : average price bars)
2) TDI

that's enough, wish you green pips!

PS. In bocca al lupo!
Lorenzo
  • #43,997
  • Nov 16, 2014 4:47pm Nov 16, 2014 4:47pm
Quoting MrAussieFX
{quote} Hi SJ, Appreciate you reply and kind words. I would like to start by saying that I'm fairly new to forex (just 8 months old) and I'm desperate to learn and make money using TMS. Moreover, I've full faith and trust in this system and also believe that if traded wisely (good money management and with discipline) can bring us profits. My problems: 1. I've a day job (4PM AEST to 1AM AEST ) that takes LO and 2 hours of NY session which makes it hard for me to trade with confidence and consistency. 2. Because of the above reason I have not tracked...

MrAussieFX,

I am in the travelling in the same boat as you are........ I too don't have time to check the chats during working hours. Best solution is moving to Daily chat and you can use the same principles the one you are using for the lower time frame. I have been doing some back testing on the D1 for last couple of months. I am becoming comfortable by each day. D1 are cool to execute and less stress. You have all the ingredients for good trader after seeing your work in posts. Hopefully, you will come up with some good solution with D1 chats.
All the best!
AB
  • #43,998
  • Nov 16, 2014 5:00pm Nov 16, 2014 5:00pm
Quoting snarlyjack
Good morning Tms, It's Sunday morning (my time). MrAussieFX, You are definitely on the right track! What we don't want to go is stand in front of a running train that is speeding down the track with us in front of it thinking it's going to stop for us. That is a very good way to get run down. What we want to do is wait at the train station for the train to stop and get on for the ride. If the train changes direction we get off and wait for the next train... We don't want to fight it out with the institution's on who is right, we want to ride on...
SJ,

My three main weapons are TDI,PAC & Guppy. You are absolutely right, don't fight with the institutions. Flowing with them will yield more benefit & rewards. I am still working with my trading method and hopeful of getting a positive solution. By seeing the Guppy, I am more comfortable how the market is behaving. PAC will tell me how the PA will behave and most of the time it is consolidation or following the trend. TDI will add the confidence to take trade.
Please keep giving your inputs whenever your have time.

regards,
AB
  • #43,999
  • Nov 16, 2014 5:05pm Nov 16, 2014 5:05pm
Quoting TwistedTrade
Hi folks I have been reading this thread for some time. Thank you all for the strategy and input. My question is how do I replicate the yellow base line? I am using Ninjatrader and the TDI that I was able to load is missing the yellow base line and I do want to study my charts with it. I was not able to find the calculations for it anywhere. Thanks Tom
Can someone please tell me how the Market Base Line is calculated?
  • #44,000
  • Nov 16, 2014 5:06pm Nov 16, 2014 5:06pm
Sesamstrasse,

Hello to Germany!

I try to use end of day charts. So the close of N/Y is the end of the day.
If I'm in a daily chart I'll liquidate out at end of day.

If I'm on the 4 hour chart I'll close out in my morning just like
Eelfranz taught.

I try to start looking for trades on the last 4 hour chart in the Asia
session. My chart hours are (9,00pm, 1:00a.m., 5:00a.m., 9,00 a.m.1:00 p.m. & 5:00p.m. end of day)

Since I can't seem to stay up until the L/O (like 1 or 2 a.m. my time) I'll make my trades
at the 9:00 p.m. bar. then go to bed & try to get up early? I do the best I can. Depending
om how things look I'll liquidate out or hold until end of day.

I've seen, after everybody is back from lunch in N/Y that the markets will really heat
up in the last 1 or 2 hours of the N/Y session. On the daily chart I'll wait until EOD to liquidate.

I trade 5 charts & position size. I've had 5 trades going on at the same time. Trying to play
the probabilities. Let's say you win on 3 or 4. 60-80% probability if your good.
But the numbers work out that yes I took a loss on this one, but I won big on this one. As
long as I'm making money I don't care. But the better you get the more you'll make. It takes
time to get really good at this. So I would demo trade until you feel really good about the
whole thing. Take as much time as you need. Everyone is different. Their is no rush...

To me it's like figure skating and your free flowing over the skating rink. Everything their is just
to guide you...but you still need to make all the decisions. You need to flow with it.

Hope this answered your questions and good luck trading this week!
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