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Trading Made Simple

  • #46,161
  • Dec 9, 2014 12:03pm Dec 9, 2014 12:03pm
Quoting sknight1
Just looking at the UJ 4H chart and what do I see..... 7 candles down, right into previous structure coming into the LO in a couple more hours. 7 candles.... just like BigE talked about in his posts. Damn it.... should've held onto my 4H short last night. lol ETA: And.... 7 candles UP, just last week. {image}

Did say it will continue ;p
Daniel
  • #46,162
  • Dec 9, 2014 12:14pm Dec 9, 2014 12:14pm
Quoting twellve
{quote} Fantastic Ballistical - hope to be like you in 6 months!
Twellve, its easily achievable using TMS if you keep it simple!

My advice would be whichever derivative of TMS you decide to use (Core TMS as taught by Big E, PA confirmed by TDI as taught by Phx62, Guppy's as demonstrated by SJ etc.) and whichever TF (Daily like Britpip, 4Hr like SJ, 1Hr like Phx62) just keep it as simple as is physically possible whilst you're learning.

I trade 1 pair, by analysing 1 timeframe, during 1 trading session... It doesn't get much more simple than that! If you read back through the posts of some of the seniors in this thread, you'll see that many of them learnt in the same way... (Phx62 and X-Man focused on EU for H1 exclusively whilst learning)

I know many traders in this thread successfully trade multiple pairs and many analyse across various time-frames because they are experienced in this method.

Don't rush it, stick with one strategy and KEEP IT SIMPLE
Focus on the process and the profits will follow
  • #46,163
  • Edited 12:42pm Dec 9, 2014 12:24pm | Edited 12:42pm
Quoting Ballistical
{quote} Twellve, its easily achievable using TMS if you keep it simple! My advice would be whichever derivative of TMS you decide to use (Core TMS as taught by Big E, PA confirmed by TDI as taught by Phx62, Guppy's as demonstrated by SJ etc.) and whichever TF (Daily like Britpip, 4Hr like SJ, 1Hr like Phx62) just keep it as simple as is physically possible whilst you're learning. I trade 1 pair, by analysing 1 timeframe, during 1 trading session... It doesn't get much more simple than that! If you read back through the posts of some of the seniors...
i couldn't agree with you more Ballistical.
but if i may put in my 2 cents as well, is to always do a backtest just with the plain f12 key of any pair for an hour or so before the start of trading session. Look for crosses and bounces and how price reacts when TDI cross. Do it often enough and your brain - which is the most advanced super computer ever created- will somehow managed to extrapolate the data and the next time you are in the same situation your brain will go click.

Greenb
Daniel
  • #46,164
  • Dec 9, 2014 12:37pm Dec 9, 2014 12:37pm
Thanks Green b and Ballistical - I want to clean my charts and combine TMS and dots but cant find Dots in the paperclip - is it in there somewhere?

I also read about renko charts - does anyone use these with the method?
  • #46,165
  • Dec 9, 2014 12:39pm Dec 9, 2014 12:39pm
Quoting Ballistical
{quote} Can't be too disappointed with BE.... Trading EA H1 alone at LO over the last two weeks on EA H1 have given me: 9 Trades in total: 5 Winners - (260 pips total) 4 BE 0 Losses I could only dream of results like that 6 months ago... Congrats on your 100 pip block-buster this morning!!
Great job, I especially like your losing trades
  • #46,166
  • Dec 9, 2014 1:01pm Dec 9, 2014 1:01pm
Quoting Ballistical
{quote} Can't be too disappointed with BE.... Trading EA H1 alone at LO over the last two weeks on EA H1 have given me: 9 Trades in total: 5 Winners - (260 pips total) 4 BE 0 Losses I could only dream of results like that 6 months ago... Congrats on your 100 pip block-buster this morning!!
Going to try the same thing as need consistency like what you are getting Ballistical (great trading) hopefully i can get there as well
  • #46,167
  • Dec 9, 2014 1:58pm Dec 9, 2014 1:58pm
Quoting RedPhoenix
{quote} Great job, I especially like your losing trades
Quoting GrantMcscott
{quote} Going to try the same thing as need consistency like what you are getting Ballistical (great trading) hopefully i can get there as well
Thank you both.

Grant,

I see you're trading from the UK as well, so trading London should be manageable (depending on any work/ study commitments). I feel for our fellow traders across the pond who have to get up during the night to trade LO.

You will get there... just stick with it!
Focus on the process and the profits will follow
  • #46,168
  • Dec 9, 2014 2:17pm Dec 9, 2014 2:17pm
Quoting Ballistical
{quote} {quote} Thank you both. Grant, I see you're trading from the UK as well, so trading London should be manageable (depending on any work/ study commitments). I feel for our fellow traders across the pond who have to get up during the night to trade LO. You will get there... just stick with it!
Yes i can trade the 1 hour chart from the LO. looking at your chart are you looking for PCRF and a TDI cross?

thanks for the help
  • #46,169
  • Dec 9, 2014 3:48pm Dec 9, 2014 3:48pm
Quoting snarlyjack
{quote} Landline, Welcome to Tms and nice meeting you! The basic Tms is pretty straightforward & so is this. The difference is Eelfranz did not use the trend or levels in his calculation's. We use the long term guppy's as the trend and the pac as our value point. The pac will show the value point. If price is in the pac that is a exit signal. Once price moves out of the pac we can take our trade. It is used for short term trend. The guppy's are more of a medium term trend. Are you making trend trades or counter trend trades. The guppy's are excellent...
where
where can i download this guppy indi you love?
what is the pac btw?

thanks
  • #46,170
  • Dec 9, 2014 4:11pm Dec 9, 2014 4:11pm
Quoting GrantMcscott
{quote} Yes i can trade the 1 hour chart from the LO. looking at your chart are you looking for PCRF and a TDI cross? thanks for the help
PCRF is one strong reversal pattern along with double/ triple tops & bottoms. My favorite entries which I find quite frequently occur when price trends during the Asian session and begins to exhaust in the hours leading up to Frankfurt. This has been the case the past two days. Look at the long upper wicks before London. On both days FO candle has been a pin-bar which confirms the trend is reversing. Once I've seen that, I'm looking for TDI confirmation to enter.

When I enter at LO, assuming there is no High Impact News on EURO or AUD scheduled for the London session, I am expecting price to trend one direction for several candles following the LO candle. Many times the LO candle will set the high or low for the London session and from here price will trend in one direction away from it.

This strategy is nothing new. If you haven't already, read all of the Phx62 PDF's as you'll see I am only trading the way he has shown us. His simple take on TMS just makes sense and more importantly makes pips
Focus on the process and the profits will follow
  • #46,171
  • Dec 9, 2014 4:21pm Dec 9, 2014 4:21pm
Quoting shay14
{quote}where where can i download this guppy indi you love? what is the pac btw? thanks
Shay,

Nice meeting you.

On your chart put in the moving averages:
200 ema/close (thick) yellow.
30,35,40,45,50,55,&60 ema/close (thin lines) green.
For the pac put in: smoothed high (yellow) & smoothed low (yellow).
Down load from the paperclip the tdi indicator & Supply/Demand indicator from Lastingwell.

That should get you going in the right direction. I also use other levels...

sj
  • #46,172
  • Dec 9, 2014 4:24pm Dec 9, 2014 4:24pm
Quoting twellve
Thanks Green b and Ballistical - I want to clean my charts and combine TMS and dots but cant find Dots in the paperclip - is it in there somewhere? I also read about renko charts - does anyone use these with the method?
Twellve,

DOTS, is not in the paperclip.
It is the system with the guppy's & levels
that I have been showing you.

You have to put in the guppy moving averages yourself
by adding moving averages (ema/close, 30,35,40,45,50,55 & 60).

Then go to the paperclip & get the supply/demand indicator.

Hope this helps you.

sj
  • #46,173
  • Dec 9, 2014 4:27pm Dec 9, 2014 4:27pm
Quoting Ballistical
Had one of those days... Took an early entry once LO candle moved down, on the basis that FO had formed a pin bar like yesterday and the TDI had already crossed. Price came within 3 pips of my 50 pip TP following LO. Got stopped out at BE on the retracement only for price to blow straight through my original 50 pip TP (marked by the aqua line on my chart) Still happy with my method and discipline though. No more trades for me until LO tomorrow. Nice trades from everyone else including some big winners from Likica and Vladbold! ...
Hi Bal, yeah, we all had one of those days, and you ve done well. Wait until you see my EJ and do it (for me) btw, took this EJ on small TF when I saw it at 200 on H1 thinking it would bounce up. It actually bounced up after it was stopped out while I was sleeping....
Attached Image (click to enlarge)
Click to Enlarge Name: EJ M15 buy (ag) Tue 9.12.14@4.15p aedt -83.png Size: 25 KB
Appreciation is the key to wealth and happiness
  • #46,174
  • Dec 9, 2014 4:29pm Dec 9, 2014 4:29pm
Hey Everyone,

Here is another Guppy video that I thought you might enjoy.

Inserted Video
  • #46,175
  • Dec 9, 2014 4:41pm Dec 9, 2014 4:41pm
Here is more one video for you

Inserted Video
  • #46,176
  • Dec 9, 2014 4:44pm Dec 9, 2014 4:44pm
Quoting nods80
{quote} Great trade. Do you have a system for when to check you charts for set ups? You seem to be on the money for your entries.
Hi Nods80, I have the same system as yours which is TMS. I m in Mel Aust so I check my charts 1 hr before TOK, FO, NY.
I was not well yesterday and did not check my chart very often so got a few winners and a loss from EJ (a thought crossed my mind when I first saw it ...a revenge from broker/market).
Appreciation is the key to wealth and happiness
  • #46,177
  • Dec 9, 2014 4:44pm Dec 9, 2014 4:44pm
Quoting likica
{quote} Hi Bal, yeah, we all had one of those days, and you ve done well. Wait until you see my EJ and do it (for me) btw, took this EJ on small TF when I saw it at 200 on H1 thinking it would bounce up. It actually bounced up after it was stopped out while I was sleeping.... {image}
Likica, as SJ said, it happens to the best of us

How are you finding trading with Guppy's? Is this SJ's influence lol
Focus on the process and the profits will follow
  • #46,178
  • Dec 9, 2014 4:57pm Dec 9, 2014 4:57pm
Quoting TheScorpS
Gold _ M15 _ long trade based on EMA 10 and TMS , after initial strong move, I'd rather wait PA to come back to EMA 10 and trade accordingly, this cant be done if you have no experience with this EMA I posted M15 chart because if I post H1, my trade would look like a piece of the cake {image}
well done TSS.
I did not touch gold recently, your trade made me open gold chart and wow look at our TMS signals on M15 both could make the wheelbarrow full as it moved beautifully along guppy... for more than 200 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gold Tue 9.12.14.png Size: 67 KB
Appreciation is the key to wealth and happiness
  • #46,179
  • Dec 9, 2014 5:03pm Dec 9, 2014 5:03pm
Quoting Ballistical
{quote} Likica, as SJ said, it happens to the best of us How are you finding trading with Guppy's? Is this SJ's influence lol
trading with guppy like walking at night with bodyguard next to me, and make sure I don't try to hit my bodyguard unless I m on black bell (LV bell not good enough)
Appreciation is the key to wealth and happiness
  • #46,180
  • Dec 9, 2014 5:08pm Dec 9, 2014 5:08pm
SnarlyJack,

Do you wait for price to break the PAC before entering and then close the trade when the price settles back in the PAC? I have been the PAC for years and noted a lot of times that it's too late by the time price opens outside the PAC. With all other conditions being met, it seems that one could enter the trade and "hope" the price breaks the PAC and then manage the trade accordingly.
Without vision, the people will perish.
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