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Trading Made Simple

  • #45,481
  • Dec 2, 2014 7:41am Dec 2, 2014 7:41am
Quoting RedPhoenix
{quote} Hi. I waited fore the news "Construction PMI", saw the number and enterd. I dont trade the news but I look at it. TDI was good, crossing the 50 line and below 200 EMA TP was 50 pips but because I had to leave the house and couldnt monitor the trade I took 40 pips
Crossing 50 line ??
looks like you added some extra rules for you .. , what is okay for your trading ..( as long as you stick strictly to it )
...but has nothing to do with the TMS , or did I miss anything ??
May be I´m wrong ? ( If i´m wrong , I´d say sorry ).
I use the 50 Ema , the 35 Sma and a 10 Ema in another totally different system in my real account ..
but mixing is really not my thing .. , I take proven strategies and let them work with me .
I wish you green pips
Guido
Risiko birgt immer auch die Chance.
  • #45,482
  • Dec 2, 2014 7:49am Dec 2, 2014 7:49am
Quoting omonisha
USDJPY... Entered on the 3rd candle [ Not recommend according to TMS rule ] after the pullback candle high broke. TDI cross and bounce over MBL. Cashed some run some {image}
Nice trade!

I would argue this would meet Big E's True TMS conditions as well.

Yes, it is a third candle entry, however, I can't see a body on that first candle at all. I believe Big E and Dean Malone did not include these candles in the count at all. Technically I believe this would be considered a second candle entry.

Regardless, good work! Keep it up!
Focus on the process and the profits will follow
  • #45,483
  • Dec 2, 2014 7:50am Dec 2, 2014 7:50am
Quoting mkfx
{quote} Excellent trades. Just keep doing same thing ---------------
Thanks mkfx... if only it were that simple
Focus on the process and the profits will follow
  • #45,484
  • Dec 2, 2014 7:51am Dec 2, 2014 7:51am
Quoting lorbax
ADR, ATR, Averages whatsoever ... are 'ex-post' analysis. All ex-post analysis once the trade is already open are -most of times- just mere excuses to support yourself whether something is right or not. At the moment, my trade is +40 pips, about +20 extra from where you said I shouldn't expect more, which is barely the double. I'm not saying it to "take this in your face" way ... I just want to explain the difference about what is like and what it should be like. If we only need the ADR we should place limit orders up and down and profit out from...
Lorbax,

I just wanted to say I agree with you! Everything you see on my
charts is exactly how I trade. I try very hard to uncomplicate my life.
Clean & the simple is the best chart...
  • #45,485
  • Dec 2, 2014 7:54am Dec 2, 2014 7:54am
Quoting snarlyjack
{quote} Omonisha, Nice meeting you! I just wanted to say that I have been watching your trades and you are a excellent trader! Thank you & again nice trading! sj
Very nice meeting to you too sir. I too read your post everyday. I have deep respect for you as you have traded with our thread owner. I am fortunate that i have met you and got a chance to chat with you. I don't speak much as my English is very poor. I also would like to thank you the way you are encouraging us newbie everyday with your post.

Regards
Omonisha
Sad i'm not trying to understand PA
  • #45,486
  • Dec 2, 2014 7:57am Dec 2, 2014 7:57am
Quoting omonisha
USDJPY... Entered on the 3rd candle [ Not recommend according to TMS rule ] after the pullback candle high broke. TDI cross and bounce over MBL. Cashed some run some {image}

Good trade!
2nd APB is blue but the real price bar is Doji so your entry on 3rd APB is still good. That price action entry and the TDI confirms.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #45,487
  • Dec 2, 2014 8:02am Dec 2, 2014 8:02am
Quoting Sesamstrasse
{quote} Crossing 50 line ?? looks like you added some extra rules for you .. , what is okay for your trading ..( as long as you stick strictly to it ) ...but has nothing to do with the TMS , or did I miss anything ?? May be I´m wrong ? ( If i´m wrong , I´d say sorry ). I use the 50 Ema , the 35 Sma and a 10 Ema in another totally different system in my real account .. but mixing is really not my thing .. , I take proven strategies and let them work with me . I wish you green pips Guido
Actually this is all TMS and the indicator bellow Tdi is a inverse of the fast stochastic that is the only difference.
The trend was down from the Asian session and in narrow range. Tdi reversed from the overbought (68 line) and began crossing the 50 line. I just waited to see the news and entered.
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  • #45,488
  • Dec 2, 2014 8:03am Dec 2, 2014 8:03am
Long USDCAD
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  • #45,489
  • Dec 2, 2014 8:12am Dec 2, 2014 8:12am
Quoting RedPhoenix
{quote} Actually this is all TMS and the indicator bellow Tdi is a inverse of the fast stochastic that is the only difference. The trend was down from the Asian session and in narrow range. Tdi reversed from the overbought (68 line) and began crossing the 50 line. I just waited to see the news and entered. {image}
For me , with my limited experience it looks like a " jump on a trade " ..
Of course with a harsh falling stoch .. and some other goodies..
But still without a valid entry .
I won´t tell you how to trade , that s really not my intension ..
If you wanna open a trade , just do it .. it´s your account ..
I just got a little confused because there´s no clean " bounce " of the TDI , or other reasons than makes an entry by the rules. , that s all .
I´m trading since around 5 years successful and my experience in trading futures as well says ;
Stick to the rules and don´t start gambling or it ll be an expensive thing ..
And it works with me , I produce more green pips than red ones.
Hope that helped
Guido
Risiko birgt immer auch die Chance.
  • #45,490
  • Dec 2, 2014 8:12am Dec 2, 2014 8:12am
Emmanuel,

Welcome back!

How is the vacation going? Are you getting totality
relaxed & stress free? I still think that trading &
traveling at the same time is a fantastic idea!

All a person needs is a laptop & internet connection
at Starbucks Coffee House.

Learn how to trade then go for it

Emmanuel, where are you? It's cold in Montana
about 10 degrees this morning...

sj
  • #45,491
  • Dec 2, 2014 8:13am Dec 2, 2014 8:13am
Quoting Ballistical
{quote} Nice trade! I would argue this would meet Big E's True TMS conditions as well. Yes, it is a third candle entry, however, I can't see a body on that first candle at all. I believe Big E and Dean Malone did not include these candles in the count at all. Technically I believe this would be considered a second candle entry. Regardless, good work! Keep it up!
Thanks Ballistical Nice trading you too

Quoting emmanuel7788
{quote} Good trade! 2nd APB is blue but the real price bar is Doji so your entry on 3rd APB is still good. That price action entry and the TDI confirms.
Thanks EMU. Have a nice holiday
Sad i'm not trying to understand PA
  • #45,492
  • Dec 2, 2014 8:20am Dec 2, 2014 8:20am
Quoting lorbax
ADR, ATR, Averages whatsoever ... are 'ex-post' analysis. All ex-post analysis once the trade is already open are -most of times- just mere excuses to support yourself whether something is right or not. At the moment, my trade is +40 pips, about +20 extra from where you said I shouldn't expect more, which is barely the double. I'm not saying it to "take this in your face" way ... I just want to explain the difference about what is like and what it should be like. If we only need the ADR we should place limit orders up and down and profit out from...
Sorry Lorbax for some reason i assumed you had just entered the trade when you made the post..(Didn't notice you entered at 11 AM) With that assumption in mind it wouldn't make sense to take the setup because the ADR was already slightly violated and the momentum had already occourred...

Since my post it has moved 9 pips in your direction not 20 and has now reversed.

BTW... It was an A++ setup from an hourly perspective..

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  • #45,493
  • Dec 2, 2014 8:22am Dec 2, 2014 8:22am
Quoting Sesamstrasse
{quote} For me , with my limited experience it looks like a " jump on a trade " .. Of course with a harsh falling stoch .. and some other goodies.. But still without a valid entry . I won´t tell you how to trade , that s really not my intension .. If you wanna open a trade , just do it .. it´s your acount .. I just got a little confused because there´s no clean " bounce " of the TDI , or other reasons than makes an entry by the rules. , that s all . I´m trading since around 5 years successful and my experience in trading futures as well says ; Stick...
Thank you for the constructive criticism. Only good can come from that
  • #45,494
  • Dec 2, 2014 8:29am Dec 2, 2014 8:29am
Quoting omonisha
USDJPY... Entered on the 3rd candle [ Not recommend according to TMS rule ] after the pullback candle high broke. TDI cross and bounce over MBL. Cashed some run some {image}

Intelligence is the ability to adapt to change. Stephen Hawking
  • #45,495
  • Dec 2, 2014 8:34am Dec 2, 2014 8:34am
USDCAD now SL move to BE+1 (float : +25 pips)

* Looking back... i just realized that how stupid i am in the past....
Simple Logic to enter trade and exit trade but i failed to follow TMS.
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  • #45,496
  • Dec 2, 2014 8:36am Dec 2, 2014 8:36am
Quoting snarlyjack
Emmanuel, Welcome back! How is the vacation going? Are you getting totality relaxed & stress free? I still think that trading & traveling at the same time is a fantastic idea! All a person needs is a laptop & internet connection at Starbucks Coffee House. Learn how to trade then go for it Emmanuel, where are you? It's cold in Montana about 10 degrees this morning... sj
Hi SJI am travelling in Western Australia. It is summer time now with lots of sunshine and warm dry climate.Tomorrow will be trekking in Kalbarri National Park.Trading is now on weekly charts and checking only once per day when I have Internet connection in my cabin. Life is great to be retired. No worries. You are great keeping this thread going. Newbies will learn plenty with your daily guide and experience shared. Keep up the good workKind regards. .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #45,497
  • Dec 2, 2014 8:38am Dec 2, 2014 8:38am
Quoting erelation
USDCAD now SL move to BE+1 (float : +25 pips) * Looking back... i just realized that how stupid i am in the past.... Simple Logic to enter trade and exit trade but i failed to follow TMS. {image}
Erelation,

Your eyes are starting to open & see things differently

When this happens your whole world can change for the better!

Congrats...keep on trucking...

sj
  • #45,498
  • Dec 2, 2014 8:39am Dec 2, 2014 8:39am
Quoting moretti12
{quote} Sorry Lorbax for some reason i assumed you had just entered the trade when you made the post..(Didn't notice you entered at 11 AM) With that assumption in mind it wouldn't make sense to take the setup because the ADR was already slightly violated and the momentum had already occourred... Since my post it has moved 9 pips in your direction not 20 and has now reversed. BTW... It was an A++ setup from an hourly perspective.. {image}
It's all good! - no problem and no need to be sorry, AT ALL !
I was just wanted to point out that I don't like to over-complicate my trading:

 

  1. main trend
  2. d1 pattern
  3. h4: ha + TDI

nothing else, and this brings me enough pips.
IT COULD be that using more indicators would lead to more pips, I cannot prove it wrong, but I just don't think the cost of effort to check everything is proportional to the marginal increment of pips possible. it's just my humble opinion and what works for me.

have a good day
cheers mate

Lorenzo
  • #45,499
  • Dec 2, 2014 8:40am Dec 2, 2014 8:40am
omonisha
I appreciate you
Currently studying your picture
Find out why you will succeed?
My English is not good, same very few words
I hope you can say more reasons to enter
Thank many enthusiastic teachers hard to pay
snarlyjack , emmanuel,lorbax,likica,Bizzzle,WDays,TheScorpS,MrAussieFX,phx62

I want to learn self-analysis of the current top-down
D1-H4-H1
Do not understand English, forgive me with google translation
  • #45,500
  • Dec 2, 2014 8:43am Dec 2, 2014 8:43am
Quoting emmanuel7788
{quote} Hi SJI am travelling in Western Australia. It is summer time now with lots of sunshine and warm dry climate.Tomorrow will be trekking in Kalbarri National Park.Trading is now on weekly charts and checking only once per day when I have Internet connection in my cabin. Life is great to be retired. No worries. You are great keeping this thread going. Newbies will learn plenty with your daily guide and experience shared. Keep up the good workKind regards. .
Emmanuel,

I did want to ask how we can log in to see your pictures?

You will love the daily chart & only looking at the charts
once or twice a day! What could be better than that?
The weekly works good also. It's a different way of thinking
but money is money. Who cares about the time frame.

Retirement is for the living...enjoy it & take it all in! You
worked hard for this

sj
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