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Trading Made Simple

  • #44,141
  • Nov 18, 2014 8:26am Nov 18, 2014 8:26am
Quoting likica
{quote} good shot Omonisha. I was in the opposite . managed to catch 49 green from EJ long {image}
I was not at the computer to take EJ, came back already PA moved so pips away, rather the same setup but on EU was there, so get onboard on EU, I'd rather take it on EJ, most of the times, faster TP , congrats , wonderful again
I Have Learned to Take Some Losses to Make Profits
  • #44,142
  • Nov 18, 2014 8:26am Nov 18, 2014 8:26am
A thumbs up from the oracle. Taking the green pill as we speak and placing an order!
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,143
  • Nov 18, 2014 8:27am Nov 18, 2014 8:27am
Quoting toledoFX
{quote} Great post, mate! That's really what everyone should do - a lot of backtests to understand behavior of the market and the system you use. And step by step your confidence will grow up, you will be sure in your trading system, you take losses easy, because you know that next trade(s) will give you back more than you loose. You always need time to find your way. Time, hard work and patience. And then your Trading will be really Simple. Thank you for sharing your thoughts! You give a lot of inspiration to all of us!
Thanks, you have been contributing here in TMS and that alone is away to get the hang of TMS, I see that you are doing an amazing job here, keep up the good work and pips will come along the way
I Have Learned to Take Some Losses to Make Profits
  • #44,144
  • Nov 18, 2014 8:49am Nov 18, 2014 8:49am
Anyone long on AUDNZD or GBPNZD? Looking like it could be a big move.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,145
  • Nov 18, 2014 8:49am Nov 18, 2014 8:49am
Quoting griffinssoul
{quote} That sounds like a great method - a bottom-up approach - the trend changes on the lower TF's right? But can you call it TMS without trading the TDI cross - something which I, as a noob, take as essentially a basic requirement or perhaps not for the advanced? Perhaps you mean as a bounce trade on the lower TF? Also, what setup have you found to be the most probable, the one we speak of above sounds like a more advanced option... (Many thanks for your great help!!!
Its not a bottom up approach, its still top down but simpler. In my particular case I am looking at the h1 chart but really trading h4, the tdi has to show a turn or trend on h4 before I will even consider a trade on H1, the same goes for H4/D1 or m15/h1. How many people on this thread consistently lose money trying to just trade every cross they see or trade an inside bar with tdi confirmation without taking the next higher timeframe into account, by the amount of pm's I get its a lot of people. I have said it many times on this thread that the moves may happen first on the lower timeframes BUT until the higher timeframes are ready to turn they are usually not very long lived trades. Price action is great but take a look at a naked chart and see just how many inside bars, outside bars, bullish/bearish engulfings, breakouts etc etc don't work the way you expect them to even with the tdi in agreement.

I can only post what I have found to be the most profitable way of trading TMS, nothing more nothing less. I don't count Elliot waves, I don't look at breakouts, I don't look at anything else apart from the higher timeframe tdi and supply/demand, then I look for a good signal on the lower timeframe to actually go in. The only question I ask myself before taking a good signal on H1 is "does the h4 chart look ready to turn" if it does I go in, if it doesn't I stay out, nothing more complicated than that.
  • #44,146
  • Nov 18, 2014 8:51am Nov 18, 2014 8:51am
When I was first learning to trade my biggest fear was watching
my money go all over the place! And it took me a long time to
get a handle on my fears.

It would seem that I would make the perfect trade. Everything
lined up and I would be in profit for a few seconds. Then the
next candle formed and like usual it would form against my
position and I would freak out.

To combat my fears I had to change some things. (1) I don't
watch every tic of the market. (2) Most of the time I shut the
computer off and go to bed. (3) I accept that I have no control
of the market at all. (4) Whatever happens, happens. (5) I
play the probabilities now. I know I will have so many winners &
so many losers and I accept that.

After I figured that out, I was able to get my emotions under control
and I started making lot's more money with way less stress! The
system is only 30% of your success. The other 70% is in how you
approach the market and having your emotions under control.
  • #44,147
  • Nov 18, 2014 8:55am Nov 18, 2014 8:55am
Quoting emmanuel7788
{quote} nice bounce off BRN145.00... potential break higher. did you follow this pair today?
I didn't get that trade because at LO there are too many blue candles before that. So did not fulfill my trade plan although i have been eyeing on that pair.


but i managed to get EurUsd for +40pips
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd 18nov H1.png Size: 39 KB
  • #44,148
  • Nov 18, 2014 8:56am Nov 18, 2014 8:56am
Quoting lastingwell
{quote}Its not a bottom up approach, its still top down but simpler. In my particular case I am looking at the h1 chart but really trading h4, the tdi has to show a turn or trend on h4 before I will even consider a trade on H1, the same goes for H4/D1 or m15/h1. How many people on this thread consistently lose money trying to just trade every cross they see or trade an inside bar with tdi confirmation without taking the next higher timeframe into account, by the amount of pm's I get its a lot of people. I have said it many times on this thread that...

How are you measuring supply and demand?
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,149
  • Nov 18, 2014 9:02am Nov 18, 2014 9:02am
Quoting nods80
Anyone long on AUDNZD or GBPNZD? Looking like it could be a big move.
Hi can you tell me what brocker you are using in the UK as mine is not ofering GBPNZD

thanks
  • #44,150
  • Nov 18, 2014 9:02am Nov 18, 2014 9:02am
Quoting nods80
{quote} How are you measuring supply and demand?
I just use the supply/demand indicator because I find it pretty accurate, the one attached is the one I use but there are several posted on the thread.
Attached File(s)
File Type: ex4 II_SupDemMOD.ex4   20 KB | 630 downloads
  • #44,151
  • Nov 18, 2014 9:04am Nov 18, 2014 9:04am
Quoting emmanuel7788
Hi Folks, It's late here and just after dinner, looking up to the clear skies, amazing the stars are so bright and visible only when the sky is dark. Great view but told myself must catch up with this forum. Over the past two nights, I read all my PMs and some members shared with me their view on the post I made showing myFxbook results. http://www.forexfactory.com/showthre...12#post7871312 I am happy to see that a few members reciprocate action and shared with me their profitable trading results. Two traders never posted anyting...

very inspiring Emmanuel.

Thank you
  • #44,152
  • Nov 18, 2014 9:11am Nov 18, 2014 9:11am
Quoting lastingwell
{quote}Its not a bottom up approach, its still top down but simpler. In my particular case I am looking at the h1 chart but really trading h4, the tdi has to show a turn or trend on h4 before I will even consider a trade on H1, the same goes for H4/D1 or m15/h1. How many people on this thread consistently lose money trying to just trade every cross they see or trade an inside bar with tdi confirmation without taking the next higher timeframe into account, by the amount of pm's I get its a lot of people. I have said it many times on this thread that...
There was one thing I wanted to point out about the H4 I commented on this morning on UCad, being an H4 trade I would have looked at D1, take a look at D1, does it look like its going to turn down/carry on down to make a good h4 trade? No, it has been going more or less in a downtrend for 9 days and has hit support because yesterday it was unable to close below Fridays low, do you then think that would make a good H4 trade, just the merest glance will tell you. Maybe if it was a great signal on H4 it might be worth taking the chance, but it wasnt even that.

Firstly newer traders need to get their entries right, thinking about exits can come afterwards, if you take good signals with high rates of success then you can start thinking about exits, its hard to scale into a trade when its heading straight for your stop loss
  • #44,153
  • Nov 18, 2014 9:21am Nov 18, 2014 9:21am
Quoting lastingwell
{quote} I just use the supply/demand indicator because I find it pretty accurate, the one attached is the one I use but there are several posted on the thread. {file}
Thank you. Do you use the HUD? Or the Fibo? I'm assuming the darker the grey the stronger the support/resistance?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1h.PNG Size: 58 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,154
  • Nov 18, 2014 9:22am Nov 18, 2014 9:22am
Quoting nods80
{quote} Thank you. Do you use the HUD? Or the Fibo? I'm assuming the darker the grey the stronger the support/resistance? {image}
No I don't use either of those. The darker areas are where there hasn't been another touch yet of that supply/demand and the lighter areas are where its been tested already and bounced back off it.
  • #44,155
  • Nov 18, 2014 9:24am Nov 18, 2014 9:24am
Quoting GrantMcscott
{quote} Hi can you tell me what brocker you are using in the UK as mine is not ofering GBPNZD thanks
I use Core liquidity Markets. Never had any problem with withdrawals and the live chat customer care is really good. Ozzy firm though.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,156
  • Nov 18, 2014 9:27am Nov 18, 2014 9:27am
Hereīs mine :
EN H4 , a terrible loser !!
Shows why stops should be on the last tops / bottoms !!
It costs me 55 demopips .. but it brought me the knowledge :
No EN for me again .. this pair just does not fit to me at the moment .



Green pips to all
Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4.png -55 pips 18.11.png Size: 40 KB
Risiko birgt immer auch die Chance.
  • #44,157
  • Nov 18, 2014 9:36am Nov 18, 2014 9:36am
Quoting snarlyjack
When I was first learning to trade my biggest fear was watching my money go all over the place! And it took me a long time to get a handle on my fears. It would seem that I would make the perfect trade. Everything lined up and I would be in profit for a few seconds. Then the next candle formed and like usual it would form against my position and I would freak out. To combat my fears I had to change some things. (1) I don't watch every tic of the market. (2) Most of the time I shut the computer off and go to bed. (3) I accept that I have no control...
Totally true.. the biggest losses happen , when winners get cut and losers run !!
I really like all your five points !
Thanks for sharing .
Guido
Risiko birgt immer auch die Chance.
  • #44,158
  • Nov 18, 2014 9:38am Nov 18, 2014 9:38am
Quoting emmanuel7788
We all lived in different part of the earth. Yes we all share the same galaxy of stars in the heaven. You may not see them but you know the stars are up there. You can see them only when the skies are clearn and must be dark enough. The same in trading. We all look at the same charts, same prices, same indicators, etc. yet we see different things hence we trade different. How can we darken our 'skies' and see the 'stars' exactly the same we view the constellation of stars. Time for me to hit the sack. Goodnight.

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #44,159
  • Nov 18, 2014 9:49am Nov 18, 2014 9:49am
Sesamstrasse,

You know I love you don't you...and I love Germany!

So just between us friends...you need to drop 2 of your indicators (pick 1 any 1).
And simplify your charts & process...you'll thank me later!
The "Big Secret" to trading is ...think easy & think simple.

You know, I'm just a simple man (what can I say) and I get confused
very easily. So to combat that...every thing I do is easy & simple.
And, it turns out very profitable
  • #44,160
  • Nov 18, 2014 9:57am Nov 18, 2014 9:57am
Quoting snarlyjack
Sesamstrasse, You know I love you don't you...and I love Germany! So just between us friends...you need to drop 2 of your indicators (pick 1 any 1). And simplify your charts & process...you'll thank me later! The "Big Secret" to trading is ...think easy & think simple. You know, I'm just a simple man (what can I say) and I get confused very easily. So to combat that...every thing I do is easy & simple. And, it turns out very profitable
hahaha , believe me , during wintertime itīs hell on earth here.!!
October to may is only grey cold weather ..
You wouldnīt love here in my area that time .
But south of Germany , Switzerland and Italy is incredible nice .
That would be my favourite .. one day I ll live there..

2 TDI ??
Yes , I try to find out wich one I use .. so in one week Iīll kick one out .. of course..
thanks man ..
Guido
Risiko birgt immer auch die Chance.
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