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Trading Made Simple

  • #44,181
  • Nov 18, 2014 4:39pm Nov 18, 2014 4:39pm
Quoting lorbax
{quote} 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 ?
ema is faster to react, a bit choppier
sma is smoother
i believe its shift 2 to right
Daniel
  • #44,182
  • Nov 18, 2014 5:04pm Nov 18, 2014 5:04pm
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...
Excellent
  • #44,183
  • Nov 18, 2014 5:19pm Nov 18, 2014 5:19pm
Quoting lorbax
hello everybody .....
EURNZD closed all +50 and +70.

Attached Image (click to enlarge)
Click to Enlarge Name: en1.PNG Size: 41 KB
Lorenzo
  • #44,184
  • Nov 18, 2014 5:19pm Nov 18, 2014 5:19pm
Quoting snarlyjack
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...
Thank you very much buddy, nice to meet you too
On which pairs play the best of your experience ?
  • #44,185
  • Nov 18, 2014 5:23pm Nov 18, 2014 5:23pm
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.
Thanks this answered half of my question. In the image Big E has a 3rd line on his TDI is this the 5ema he is referring to? or the EMA on his chart. Also he uses the term PA a lot. What does this mean?

Many thanks.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #44,186
  • Nov 18, 2014 5:44pm Nov 18, 2014 5:44pm
Quoting lorbax
{quote} EURNZD closed all +50 and +70. {image}
nice result Lorbax.
Daniel
  • #44,187
  • Nov 18, 2014 5:46pm Nov 18, 2014 5:46pm
Quoting Greenb
{quote} nice result Lorbax.
EDIT: btw, how did you enter at the top of that spike?
Daniel
  • #44,188
  • Nov 18, 2014 6:09pm Nov 18, 2014 6:09pm
Quoting Greenb
{quote} EDIT: btw, how did you enter at the top of that spike?
I was long eh ... Just entered 10 minutes after bar open ... and unluckily enough it started to go down a moment after my order execution
This is why I prefer entering sharply at bar-open .

spikes happen
Lorenzo
  • #44,189
  • Nov 18, 2014 6:37pm Nov 18, 2014 6:37pm
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...
Thank you so much LW. I will print this out and put on my wall...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #44,190
  • Nov 18, 2014 7:10pm Nov 18, 2014 7:10pm
LONG on EURAUD @D1

Attached Image (click to enlarge)
Click to Enlarge Name: 121212.PNG Size: 74 KB

cashed-in 1/3 of position at +40, set SL to BE and let it run ... I just hope I won't choke it with SL
good night folks...
Lorenzo
  • #44,191
  • Nov 18, 2014 8:02pm Nov 18, 2014 8:02pm
Hi,

Today i took some trades on 4 Hr (00 Hrs) basis based on TSM all were good. NSDUSD sell, EURNZD Buy, GBPNZD Buy and AUDNZD Buy.

Last week also i took two trades on 4Hrs basis ( 00 time ) they were also good. Trading with TMS on 4Hr time frame is realy simple.

Thanks very one i am learing from trades and charts.
  • #44,192
  • Nov 18, 2014 9:20pm Nov 18, 2014 9:20pm
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...
This is great insight lastingwell and I thank you. Perhaps its just semantics but I would say most (new?) traders to this system would be focused on the TMS 'cross' [the core principle of the system - perhaps a defining rule] as I am/was? What you're really doing is trading the 'anticipation of a cross', believing the event will occur from information of other TF's. That said, your method sounds good to me, I'm always looking @ other TF's and its something a lot of traders [that I know] do. Thanks so much!!!
  • #44,193
  • Nov 18, 2014 9:31pm Nov 18, 2014 9:31pm
Quoting snarlyjack
Good Morning Tms, Trading is really about probabilities! Their is no "holy grail" . What we are trying to do is stack the odd's in our favor by using the Tms system. Let's say our system is getting 60-80% winners & 20-40% losers. And losses & winners are random. When you are in touch with the chart & feel very good about trading. If you use just a little bit of a wider stop & use more of a set & forget strategy you increase the odds. If your super tight on your stops you'll get stopped out more frequently. So this is all about increasing probabilities...
Hi SJ, thanks once again for the great advice.
  • #44,194
  • Nov 18, 2014 9:36pm Nov 18, 2014 9:36pm
Quoting mkfx
Hi, Today i took some trades on 4 Hr (00 Hrs) basis based on TSM all were good. NSDUSD sell, EURNZD Buy, GBPNZD Buy and AUDNZD Buy. Last week also i took two trades on 4Hrs basis ( 00 time ) they were also good. Trading with TMS on 4Hr time frame is realy simple. Thanks very one i am learing from trades and charts.
Hi there
Be careful when you trade the same currency (NZD).. It is basicly the same setup you trade on all the pairs. Which means, if NZD goes against you then you lose all positions..

In this case i would only take the strongest setup or spread out my risk so i only risk 1% of my account (4x.25%) instead of 4x 1%...

Dunno if this makes sense :b
  • #44,195
  • Nov 18, 2014 9:56pm Nov 18, 2014 9:56pm
Quoting lorbax
hello everybody, I would like to share you some thoughts of the day. ... 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 {image} cheers
Thanks so much for sharing this lorbax! You are truly a Ninja trader... lol... nothing will stop you from succeeding !!!
  • #44,196
  • Nov 18, 2014 9:56pm Nov 18, 2014 9:56pm
Hi

I am new and still learing and try to understand setups. what is common in most of sucess trade setups.

Just going through Lastingwell charts i noticed that in most of his trades , he trakes trade when TDI is croessing or bouncing also supported by MBL yellow line ( Buy TDI is croessing above MBL).

Generally His trades are not on first coessing of TDI after swing, he takes on second crossing or bouncing which is generally supported by MBL, because TDI has already crossed MBL in first croessing.

I feel such setups are low risk trades and will have very high sucess rates. I will do some backtesting over this weekend.

This is only my observation and found in his trade setups.

May be Lastingwell can explain something more about his trade setups.
  • #44,197
  • Nov 18, 2014 10:11pm Nov 18, 2014 10:11pm
Quoting mkfx
Hi I am new and still learing and try to understand setups. what is common in most of sucess trade setups. Just going through Lastingwell charts i noticed that in most of his trades , he trakes trade when TDI is croessing or bouncing also supported by MBL yellow line ( Buy TDI is croessing above MBL). Generally His trades are not on first coessing of TDI after swing, he takes on second crossing or bouncing which is generally supported by MBL, because TDI has already crossed MBL in first croessing. I feel such setups are low risk trades and...
Hi mkfx, not wanting to discourage Lastingwell from presenting more examples but a transparent one was given here http://www.forexfactory.com/showthre...04#post7880304

I don't know what you mean by this "takes on second crossing or bouncing which is generally supported by MBL" this is not what I understand is being done? Lastingwell explained this above with respect to other TF's from the one being traded... (see above, recently posted). If you could backtest this somehow it would be great! Thanks!!!
  • #44,198
  • Edited 11:32pm Nov 18, 2014 10:40pm | Edited 11:32pm
Thanks Griffinssoul,

Supported by MBL mean when he is taking trade on TDI cross for long ( Green and red are already above the Yellow) and for Short ( green and red arealready below the yellow).

for long TDI coressing happend above the yellow and for short TDI croessing happened below the yellow tine.

Hope i am able to exmplain supported by MBL.

Thanks
  • #44,199
  • Edited 11:41pm Nov 18, 2014 11:13pm | Edited 11:41pm
Quoting mkfx
Thanks Griffinssoul, Supported by MBL mean when he is taking trade on TDI cross for long ( Green and red are already above the Yellow) and for Short ( green and red arealready below the yellow). for long TDI coressing happend above the yellow and for long TDI croessing happened below the yellow tine. Hope i am able to exmplain supported by MBL. Thanks
Thanks for explaining this mkfx - this was very clear. I don't actually use the MBL myself - not at this stage anyway (I'm using the TDI changed by eelfranz, off the first page of the thread). What I was actually commenting on was the 'fact' that, from what I understand, Lastingwell doesn't actually trade the 'cross' in the direct sense - its the anticipation of the cross happening supported by information on other TF's? Of course, if you analyse the chart of a successful [post] trade it will have a TDI cross... I need a Cup of Tea... lol!!!
  • #44,200
  • Nov 19, 2014 12:03am Nov 19, 2014 12:03am
Quoting lorbax
LONG on EURAUD @D1 {image} cashed-in 1/3 of position at +40, set SL to BE and let it run ... I just hope I won't choke it with SL good night folks...
good one, Lorbax. I got in from H4 & H1 view, out for 46 green
Attached Image (click to enlarge)
Click to Enlarge Name: EA H4 buy Wed 19.11.14 @10.38A AEDT +46.png Size: 75 KB
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