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Trading Made Simple

  • #45,041
  • Nov 26, 2014 2:00pm Nov 26, 2014 2:00pm
Twellve,

Thank you.

I think your reading it correctly (triple tops).
I think it's going down also. The question is,
how far down will it go? Your in a strong up trend.
What I would do is let it come down (retrace to value).
Then I would be looking to go long. So I would put
the chart on my watch list because it not ready yet.

If you go short (counter trend trade) it could be pretty
shallow. So I would be careful with it. The thing about
trading is their is no crystal ball and no one really knows
what will happen. What we are trying to do is make our
best judgements & then play the probability game.
  • #45,042
  • Nov 26, 2014 2:08pm Nov 26, 2014 2:08pm
Andyvix833,

Nice meeting you.

Since this system started in 2008 the markets have lost
a lot of their volatility. Which has been a challenge.
Some people have dropped down a time frame because of
the volatility. But, a very good trader told me to go up a
time frame. I thought that was interesting!

The method works because I stuck it out, good times & bad
times and just learned how to trade it (master it). I think a
lot of systems work! The trick is you have to find a system that
speaks to you & you can just see the moves.

I'm a visual guy & I trust what I see. This system is a very
visual system. I just trade what I see...
  • #45,043
  • Nov 26, 2014 2:15pm Nov 26, 2014 2:15pm
Thanks SJ

Sorry for asking a dumb questions - what is "retrace to value" (value at a certain level on the chart that you can read with experience or your gut (subjective view) when to go long as Im not brave enough to short ...wowzers!!

Learning so much here - thanks all
  • #45,044
  • Nov 26, 2014 2:16pm Nov 26, 2014 2:16pm
Hi Everyone,

I have been reading this seems very interesting strategy, I am going to give it a real good try Can u guys help me to find the newest indicator list for the system the ones in the first pages seems old or are they the right ones?

Thank You
  • #45,045
  • Nov 26, 2014 2:22pm Nov 26, 2014 2:22pm
Quoting moretti12
@ Snshne and Rupani Here is my view on AUDUSD and why everything screams BULLISH to me. {image}

Thanks !

Just have to find a good entry point I guess.
  • #45,046
  • Nov 26, 2014 2:23pm Nov 26, 2014 2:23pm
Quoting twellve
Thanks SJ Sorry for asking a dumb questions - what is "retrace to value" (value at a certain level on the chart that you can read with experience or your gut (subjective view) when to go long as Im not brave enough to short ...wowzers!! Learning so much here - thanks all
Twellve,

What I do is use the pac (price action channel).
5 smoothed shift 1, high
5 smoothed shift 1, low

When price is above the pac, it is short term bullish.
When price is below the pac, it is short term bearish.
When price is in the pac, no trade, chopping around, exit signal.
When price is in the pac = that is the value area! But it won't
stay at value very long. It will break out of the pac either long or short.
Trade with the trend. If you trade against the trend it is a counter trend trade.
Which is ok...but you need to know that it is a counter trend trade.
  • #45,047
  • Nov 26, 2014 2:24pm Nov 26, 2014 2:24pm
Quoting snarlyjack
Andyvix833, Nice meeting you. Since this system started in 2008 the markets have lost a lot of their volatility. Which has been a challenge. Some people have dropped down a time frame because of the volatility. But, a very good trader told me to go up a time frame. I thought that was interesting! The method works because I stuck it out, good times & bad times and just learned how to trade it (master it). I think a lot of systems work! The trick is you have to find a system that speaks to you & you can just see the moves. I'm a visual guy...
hey snarlujack, I can not post my chart but, can you tell me for you big experience with tms if I should take the buy opportunity that I see on daily eur/usd ? Or you wait?
  • #45,048
  • Nov 26, 2014 2:30pm Nov 26, 2014 2:30pm
Quoting chiche
{quote} hey snarlujack, I can not post my chart but, can you tell me for you big experience with tms if I should take the buy opportunity that I see on daily eur/usd ? Or you wait?
Chiche,

See my eur/usd daily chart.

The way I trade it: I would wait for price to retrace
into the guppy's and I'd be looking for a sell signal.
Imho, the opportunity in the eur/usd is on the downside.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 64 KB
  • #45,049
  • Nov 26, 2014 2:32pm Nov 26, 2014 2:32pm
Quoting emmanuel7788
{quote} You need to post your chart showing where your trade entry point. You can drag and drop the trade from your T4 terminal Account History. For open trades, Go to post#29,538 and download that script and use that to show the entry point of all open trades on your chart. http://www.forexfactory.com/showthre...23#post7224523
Hi
It was the chart i posted just prior to that post, It works ok for sl and tp but doesnt move to b/e after 21 pips.
  • #45,050
  • Nov 26, 2014 2:50pm Nov 26, 2014 2:50pm
Quoting dragonfoxsl
Hi Everyone, I have been reading this seems very interesting strategy, I am going to give it a real good try Can u guys help me to find the newest indicator list for the system the ones in the first pages seems old or are they the right ones? Thank You
Nice meeting you and welcome to Tms.

If you go to the paperclip on the top of this page
you can download Synergy Pro folder.

Make your charts look like mine.

Lastingwell's indicators are the tdi multiframe indicator
and the Sup/demand mod indicator, in the paperclip.

All the indicators work together very well.
  • #45,051
  • Nov 26, 2014 3:12pm Nov 26, 2014 3:12pm
Quoting snarlyjack
{quote} Nice meeting you and welcome to Tms. If you go to the paperclip on the top of this page you can download Synergy Pro folder. Make your charts look like mine. Lastingwell's indicators are the tdi multiframe indicator and the Sup/demand mod indicator, in the paperclip. All the indicators work together very well.
Thanks a lot mate
  • #45,052
  • Nov 26, 2014 3:17pm Nov 26, 2014 3:17pm
Quoting lastingwell
{quote}Can you post a chart of where you took the trade please. Thought I was going to be back today, but a slight hitch so it will be tomorrow, but getting there

Here you go lastingwell. A little post mortem analysis on the trade and I now see that I entered on what was actually a pullback candle. Also, not much momentum compared to the surrounding candles (green down arrow indicates where I went short). That was a dumb trade. I could've recovered the pips had I done a stop and reverse on the following candle but, I had been awake all night and had fallen asleep by that time.
Attached Image
  • #45,053
  • Nov 26, 2014 3:19pm Nov 26, 2014 3:19pm
SJ

How do i get a pac (price action channel) is it an indicator?
Im always going with the flow Im no salmon hehe
  • #45,054
  • Nov 26, 2014 3:36pm Nov 26, 2014 3:36pm
Quoting snarlyjack
{quote} Twellve, What I do is use the pac (price action channel). 5 smoothed shift 1, high 5 smoothed shift 1, low When price is above the pac, it is short term bullish. When price is below the pac, it is short term bearish. When price is in the pac, no trade, chopping around, exit signal. When price is in the pac = that is the value area! But it won't stay at value very long. It will break out of the pac either long or short. Trade with the trend. If you trade against the trend it is a counter trend trade. Which is ok...but you need to know that...
Twellve,

There's an indicator for the PAC but, snarlyjack also posted the spec's... see his quote above. I just put the MA's on my charts with the spec's that he listed. Post #45,055
  • #45,055
  • Nov 26, 2014 3:39pm Nov 26, 2014 3:39pm
Quoting twellve
SJ How do i get a pac (price action channel) is it an indicator? Im always going with the flow Im no salmon hehe
One way is to go to the paper clip & download Synergy Pro folder.
If you put the template in your system you will have most of
the indicators.

Or you can use: 5 smoothed, shift 1, high for the yellow pac.
5 smoothed, shift 1, low

The other indicators are:
Lastingwell's, tdi multiframe indicator
Lastingwell's, s/d mod. indicator
Guppy's are: ema, 30,35,40,45,50,55 & 60

This should set you up!
  • #45,056
  • Nov 26, 2014 3:40pm Nov 26, 2014 3:40pm
It's getting very confusing for me right now. I just downloaded the 3 indicators in the start post and traded with that. Is that wrong? Do I need more or other indicators?
  • #45,057
  • Nov 26, 2014 3:59pm Nov 26, 2014 3:59pm
Quoting AcerPhoon
It's getting very confusing for me right now. I just downloaded the 3 indicators in the start post and traded with that. Is that wrong? Do I need more or other indicators?
Hello Acerphoon<

Don't get confused.

All I use is:

Synergy pro Asr
Synergy pro Dsr
Synergy pro Tdi
Lastingwell's, s/d mod. indicator
Lastingwells, Tdi multiframe indicator
Guppy's, ema 30,35,40,45,50,55,60

See enclosed image.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 64 KB
  • #45,058
  • Nov 26, 2014 4:06pm Nov 26, 2014 4:06pm
Quoting snarlyjack
{quote} Chiche, See my eur/usd daily chart. The way I trade it: I would wait for price to retrace into the guppy's and I'd be looking for a sell signal. Imho, the opportunity in the eur/usd is on the downside. {image}
thank snarlyjack. The price is under 200ma and closed to last top, I'm right?
  • #45,059
  • Nov 26, 2014 4:07pm Nov 26, 2014 4:07pm
Thanks SKnight1 and SJ

Downloaded it and now have lots of templates - do I combine them somehow as now my screen looks grey doh! Attached just incase you all forgot what a grey graph looks like lol
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 125 KB
Click to Enlarge Name: Screenshot5.png Size: 21 KB
  • #45,060
  • Nov 26, 2014 4:09pm Nov 26, 2014 4:09pm
Decided to get some sleep - thanks for all your help all !!
Im getting closer and learning everyday.....

Looking forward to seeing my school boy error in the morning....
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