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Trading Made Simple

  • #44,161
  • Nov 18, 2014 10:07am Nov 18, 2014 10:07am
Sesamstrasse,

Try Dean Malone's (Pro Tdi) I like it the best. It's in the paperclip.

(1). Find the trend.
(2). Check your levels, s/r, supply/demand.
(3). Know where you are in the market (are you in no-man's land).
(4). Check your Tdi.
(5). Place your trade.
(6). Set your stop loss & target.
(7). Let the market do the "heavy lifting" for you.
(8). KISS...keep it simple & smile.
(9). Play the probabilities.
(10). Keep your emotions in check!

No big deal...
  • #44,162
  • Nov 18, 2014 10:21am Nov 18, 2014 10:21am
Quoting snarlyjack
Sesamstrasse, Try Dean Malone's (Pro Tdi) I like it the best. It's in the paperclip. (1). Find the trend. (2). Check your levels, s/r, supply/demand. (3). Know where you are in the market (are you in no-man's land). (4). Check your Tdi. (5). Place your trade. (6). Set your stop loss & target. (7). Let the market do the "heavy lifting" for you. (8). KISS...keep it simple & smile. (9). Play the probabilities. (10). Keep your emotions in check! No big deal...
Yes , the pro tdi is a little smooth .. and I like it ..
That one i use has the same input .. and it looks much better than the " original " ..
The only thing I donīt like is the " repainting/ refreshing issue" ..
Because after a good/ bad trade , I want see what was the reason to have a bad trade.. was it me ?? .. bad entry ?? Tdi not steep enough ,
or is it just only 3 of 4 trades, may be 2of 3 can work .
Donīt forget , Iīm really new to TMS .. not new to successful trading .. and it īll need time to make less mistakes.
And bad entries are for learning .. .. but all in all I like it much and I donot " hopping " from strategy to another .
So thanks for sharing your knowledge .. it helps much !!
By the way .. Iīm in ECAD long ( demo)+ 50 .. try to transfer it to a daily signal ..
When itīs in , I īll post it ..
Guido
Risiko birgt immer auch die Chance.
  • #44,163
  • Nov 18, 2014 10:36am Nov 18, 2014 10:36am
Sesamstrasse,

You know I love to ride motorcycles. When you get your motorcycle
license from the State you have to take a test that say's do this &
do that. Which is really good training...

But sooner or later when your riding you find your groove. When
your in your groove, your just flowing with it. The motorcycle is
doing the hard work (engine) and your just guiding it, flowing
with it...

The Tms is exactly the same way. Tms is the engine and your
just guiding it & flowing with it...
  • #44,164
  • Nov 18, 2014 10:52am Nov 18, 2014 10:52am
,Hey SJ ,thatīs a really good example !

the system I trade since summer 2013 live , ( Dance / Choros ) is a very active system .
It was a really hard work , but it doubled my liveaccount , what is really good and I like it !

But the main reason , why I want to learn the TMS is , totally low stress.. around zero ..
It fits to my trading/ working times , is simple , not messed with indis and the people are really nice.
Itīs a good place tolearn .
And all 4 hours finding a decision and getting money for it ? Haaah ! Count me in !

So Iīm really happy lo learn step by step every day a little more of the TMS .

And driving a harley , I learned about 18 years ago ..
Last year I did a biketour around Goa , on a old Enfield.. what was really nice..
Iīm sure I ll make this system work for me .. , Iīm training on it .
green pips to all
Guido
Risiko birgt immer auch die Chance.
  • #44,165
  • Nov 18, 2014 11:32am Nov 18, 2014 11:32am
Quoting emmanuel7788
{quote} you could have considered scaling out and keep one position to trail behind the H4 APB candle because there is potential room up to 1.2600.
your right, its could have though
on the other hand, i get in with 1 position because last week was ranging and quite a few tops on 1.255-1.257. I'm just not expecting it to move far
Daniel
  • #44,166
  • Nov 18, 2014 11:41am Nov 18, 2014 11:41am
Quoting griffinssoul
{quote} Its interesting you should say that, some traders (I was asking SJ the other day) say not to worry about red news (unless its nonfarm pr) but others say get out before its too late... lol. Tough call...
some red news are more of a formalities. but when you have RBA (Reserve Bank of Australia) gov speaks, it will affect AUD as currency. I mean c'mon the guy who owns the house says/does something, of course it will affect the house.

likewise there is a monetary policy statement and BOJ press conference later today. when they comes out, it will moves yen one way or the other for that time period.
Daniel
  • #44,167
  • Edited 2:32pm Nov 18, 2014 2:18pm | Edited 2:32pm
hello everybody,

I would like to share you some thoughts of the day. Daily total result is still negative to me, I had 2 stops on AU and Gcad that were quite heavy to me.
BUT !! ... my feeling of the day is 100% positive, especially for this small story...

EURNZD, I entered long at 11.10 (gmt+1) on the H4 chart.

The signal was strong to me, but that very same candle formed a spike just after, here below is the H1 chart, just to notice the spike and my entry-point, in the white circle ...

Attached Image (click to enlarge)
Click to Enlarge Name: h1.PNG Size: 24 KB


So, it went down to -60/-70 pips, really frustrating, and here is my emotional mistake, I was emotionally suffering because I already had a loss before so I wanted to "recover" ... big mistake. I then realized that I entered with a good signal, maybe I was a bit unlucky for my entry-price, but it was a matter of seconds/minutes, something it's really random. So I said to myself I didn't wanna stress out ...

I'll copy-paste a skype conversation I had with my buddy Guido, hope he doesn't mind, I know he doesn't ... that crazy german
Inserted Code
[15:20:05] Guido **: en sl hit
[15:21:18] Lorenzo ##: i have it very wide
[15:21:23] Lorenzo ##: under daily low
[15:21:28] Lorenzo ##: i dont give a fų$k
[15:21:38] Lorenzo ##: i let run all

EN then went in profit some pips, and then back again in the red area... and i got so disappointed with myself for not having it closed.
Then I said again "hold on, did I stand while I was at -70 and I cannot stand it now at -10, how is it possible ? " ... who cares what it did 5 mins ago (+20) ... what it counts is NOW, not 5 mins ago. Is the long signal still valid or it got back ? - if it's still valid I keep it open...

well ... now guys it's +40 while I'm typing, and I almost all recovered from the day, close to daily BE (which I don't care if it's BE or not, but just to mention it)

Attached Image (click to enlarge)
Click to Enlarge Name: h4.PNG Size: 74 KB


I succesfully read the book "Zen in the Markets" and I can really recommend it, and I learned how nasty your 'EGO' can be, playing tricks on you, to make you have an immediate satisfaction (like closing +10) or to make you feel like crap when you're keeping open a position in red pips ...

People often prefer to be right than to be profitable, that's the big deal!

Thank you everyone for your small and big constant contribution. In martial arts you bow in front of your opponent to say "thank you for teaching me something".

I'm the first one from the left down here
Attached Image


cheers
Lorenzo
  • #44,168
  • Nov 18, 2014 2:34pm Nov 18, 2014 2:34pm
Lorbax,

You did good!

Ok...I don't take trading personal at all. I'm still the same person if
I win or lose. I don't have my ego wrapped up in any trades. I position
size small so if I take a loss I figure it is the cost of doing business.

I don't enter the markets on fear or greed. I enter the markets as a
business playing the probabilities. Win, lose or draw. I try very hard not
to let it effect me.

Remember that your success as a trader will not be determined in the
next 5-6 trades. Your success will be determined over the next 100 trades.
You have to use a large number of trades for your "edge" to work out.

You have to give your edge (Tms) time to work the probabilities...

You did good! Keep on trucking & learning! Their is no rush!
  • #44,169
  • Nov 18, 2014 2:34pm Nov 18, 2014 2:34pm
Quoting lorbax
hello everybody, I would like to share you some thoughts of the day. Daily total result is still negative to me, I had 2 stops on AU and Gcad that were quite heavy to me. BUT !! ... my feeling of the day is 100% positive, especially for this small story... EURNZD, I entered long at 11.10 (gmt+1) on the H4 chart. The signal was strong to me, but that very same candle formed a spike just after, here below is the H1 chart, just to notice the spike and my entry-point, in the white circle ... {image} So, it went down to -60/-70 pips, really frustrating,...
Good post buddy !
Guido
Risiko birgt immer auch die Chance.
  • #44,170
  • Nov 18, 2014 2:44pm Nov 18, 2014 2:44pm
Quoting snarlyjack
Lorbax, You did good! Ok...I don't take trading personal at all. I'm still the same person if I win or lose. I don't have my ego wrapped up in any trades. I position size small so if I take a loss I figure it is the cost of doing business. I don't enter the markets on fear or greed. I enter the markets as a business playing the probabilities. Win, lose or draw. I try very hard not to let it effect me. Remember that your success as a trader will not be determined in the next 5-6 trades. Your success will be determined over the next 100 trades. You...
Thank yoi SJ for your words.
I appreciated it, I am not new to trading, was on intraday trading/scalping on italian equities, very different market, with some similarities, but not as trendy as forex, not as much leverage as in forex ... so different approach. I am relatively new to FX in general, and very new to TMS so I still need to stick to the rules and letting it go.

I don't make all this drama every day eh, ahaha .. it was just to analyze my day with a 'big-picture' view
have a good day over there ...

PS. temperatures ? here in northern Italy it's very close to snow soon, I live close to the Alps.
Lorenzo
  • #44,171
  • Nov 18, 2014 2:51pm Nov 18, 2014 2:51pm
Quoting snarlyjack
Sesamstrasse, You know I love to ride motorcycles. When you get your motorcycle license from the State you have to take a test that say's do this & do that. Which is really good training... But sooner or later when your riding you find your groove. When your in your groove, your just flowing with it. The motorcycle is doing the hard work (engine) and your just guiding it, flowing with it... The Tms is exactly the same way. Tms is the engine and your just guiding it & flowing with it...
Hi SJ, very 'Zen and the art of Motorcycle Maintenance' a hit in the 60's or 70's which I must have read about 40 years ago. I seem to recall it saying the motorcycle is a perfect economy of design, just a frame, tank, engine, wheels and steering. Just the things that are needed to make it work, no unnecessary and extraneous bits. As you say, a bit like TMS. In case you haven't read it in the book the motorcycle was used in the wider sense as a metaphor for life and living.
  • #44,172
  • Nov 18, 2014 3:00pm Nov 18, 2014 3:00pm
Tanglewood,

I totality agree with what you just said!

Let me give you a example. I have a old Harley Davidson, that is your basic
H.D. but it has exactly the same engine as a huge H.D. touring bike with
lots of bells & whistles. The weight difference is about 250 pounds. But
my bike is way more nimble & balanced.

Imho, your better off with lighter, more nimble, better balanced, better
gas mileage, etc. (all with the exact same engine).

So the basic design of TMS is super good. Eelfranz did good!!!
  • #44,173
  • Nov 18, 2014 3:16pm Nov 18, 2014 3:16pm
What percentage of the winnings you have with TMS? For example: 80% won, 20% lost
What the result will be good?
  • #44,174
  • Nov 18, 2014 3:21pm Nov 18, 2014 3:21pm
hi people, i have a question

does heiken ashi changes throughout a candle? or it starts solid from the start of it?
  • #44,175
  • Nov 18, 2014 3:43pm Nov 18, 2014 3:43pm
Quoting shay14
hi people, i have a question does heiken ashi changes throughout a candle? or it starts solid from the start of it?
It does change, but less rapidly than regular japanese candlestick ....

the close price is an average price
CloseHA = (Open+High+Low+Close)/4

while the open is:
OpenHA = [Open (previous bar) + Close (previous bar)]/2

CloseHA > OpenHA == > WHITE (up!)
CloseHA < OpenHA ==> RED(down!)
Lorenzo
  • #44,176
  • Nov 18, 2014 3:52pm Nov 18, 2014 3:52pm
Sajmon,

Nice meeting you.

After a long time of trading Tms, I average between 60-80 %
winning trades. It depends on market conditions and what's
going on. But keep in mind I know how to trade it, your %'s
will be different. The longer you trade this way the better you'll get.

The 20-40% losses. Can be described as "operator error" and
things happen in the market out of our control. I look at it like this,
I did my best, it didn't work out and (try to learn from it). Then
move on to the next trade.

Overall this is a profitable way to trade. At least for me it has been.
Emmanuel & Lastingwell have done a excellent job in teaching Tms.
I'm just a battle scarred trader...
  • #44,177
  • Nov 18, 2014 3:54pm Nov 18, 2014 3:54pm
Quoting eelfranz
The question was concerning why not enter on candle # 3. In this example the TDI indicates taking the trade on candle # 1. Had you entered on candle # 3 you would have been two candles late for the CORRECT ENTRY. Because a reversal normall runs 3-8 candles we were fortunate it has run so many candles... The idea about entering on candle 1 or 2 if you get the TDI signal is if it only goes 3 candles you should get on average at least some profit... especially on higher time frames. {image}

Just reading through the thread from the beginning and come across this post from Big E. Is he talking about the 5 Ema on the chart or on the TDI? And by what number is it shifted. I'm on a night shift now so instead of working i'm gonna study TMS
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,178
  • Nov 18, 2014 4:21pm Nov 18, 2014 4:21pm
Quoting nods80
{quote} Just reading through the thread from the beginning and come across this post from Big E. Is he talking about the 5 Ema on the chart or on the TDI? And by what number is it shifted. I'm on a night shift now so instead of working i'm gonna study TMS
Have you quoted the right post I can't see anything about a shift in that particular post. The only thing that was shifted though was the 5ema, I think if I remember correctly it had a shift of 3.
  • #44,179
  • Nov 18, 2014 4:29pm Nov 18, 2014 4:29pm
Hey Lastingwell,

I just wanted to tell you that I think the saying at the bottom of your posts,
"Just because you're paranoid doesn't mean they're not out to get you."

Is super accurate & I try to live my life that way.

Thanks for that...
  • #44,180
  • Nov 18, 2014 4:29pm Nov 18, 2014 4:29pm
Quoting lastingwell
{quote}Have you quoted the right post I can't see anything about a shift in that particular post. The only thing that was shifted though was the 5ema, I think if I remember correctly it had a shift of 3.
2 or 3 if i'm not mistaken ...

SMA or EMA ? ... I use SMA, i don't see much of a difference though .. you guys ?
Lorenzo
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