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Trading Made Simple

  • #46,241
  • Dec 10, 2014 8:39am Dec 10, 2014 8:39am
A cheeky 25 pips from EURAUD 15m TF

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.PNG Size: 55 KB
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,242
  • Dec 10, 2014 8:46am Dec 10, 2014 8:46am
Quoting omonisha
{quote} i had this problem when i used ADR indicator. which one are you trying? Try xADR version. it is inside the paperclip.
I had the same problem too. I found a thread that recommended putting the indicator in the market folder. It solved it for me.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,243
  • Dec 10, 2014 8:51am Dec 10, 2014 8:51am
Quoting snarlyjack
What I see today on my charts is a bunch of counter trend moves. I watch the eur/usd, gbp/usd, aud/usd, usd/jpy & eur/aud. They are all making counter trend moves on the daily. In this case we have to wait it out until we get a good signal to enter the market. You can trade the counter trend moves but you need to know that they are higher risk trades. Shorter & more choppy than trend trades. Patience pay's...No position in the market is a position. What I like to say is, the market is taking a breather for it's next big move. So, keep frosty ...
Hi SJ,

Im seeing the same thing today. I'm treating the pullbacks into value areas as a watchful opportunity to trade with the daily trend in the coming days should the conditions indicate to do so.

Cheers
PS
  • #46,244
  • Dec 10, 2014 8:55am Dec 10, 2014 8:55am
Let's talk about the value point for a second.

The pac (price action channel) show's us where the
value point is. If you have been watching the different
videos that have been posted, they talk about value in
the market.

Basically the market likes to know where the value point
is but the market will not stay at value very long. The
market is always searching, probing & testing different area's.
The short term traders are probing the different breakout points.

We have been talking a lot about the short term traders (blue guppy's)
vs. the pac (price action channel). If you put them both on your charts
they are approximately the same but look totality different.

It is very hard for me to see the value area with the short term guppy's.
It shows what the short term traders are doing but I want to know
exactly where the value area is. I prefer the pac to the short term
guppy's. Both are good but I think the pac gives off better signals.
The pac will show you the value area, entry/exit signals. The short
term guppy's will show you what the short term traders are doing.
So their is a difference between the two. What I want to know is,
what are the long term investors doing (long term guppy's) and
where the value area is...then I can make a pretty informed decision
on what to do. When you line everything up with the tdi you up your %'s
of a successful trade. What were trying to do is put the probabilities
of a successful trade in our favor. Having said that...trading is still
a probability game 70% vs. 30%. Things happen in the market beyond
our control so you always need to protect yourself with a stop loss.

I hope this helps you.

sj
  • #46,245
  • Dec 10, 2014 8:59am Dec 10, 2014 8:59am
Quoting pipsaurus
{quote} Hi SJ, Im seeing the same thing today. I'm treating the pullbacks into value areas as a watchful opportunity to trade with the daily trend in the coming days should the conditions indicate to do so. Cheers PS
Pipsaurus,

Nice meeting you! I like your user name also!

Your analysis is excellent and your on the right track!
Keep on trucking, your getting it

sj
  • #46,246
  • Dec 10, 2014 9:06am Dec 10, 2014 9:06am
Quoting snarlyjack
{quote} Good morning everyone, ArchangelG, When Big E started this thread in 2008 the market conditions were totality different than today. If you go back to the daily or monthly charts to 2008 you will see the huge moves in the markets. Big E made a ton of money! Market conditions have tightened up quite a bit with a lot of chop (2010-2014). Because of this we have had to tighten up the system to deal with chop. This system is what Dean Malone came up with to deal with current market conditions. So this system is more precise and tighter... If...

I would like to react to this exchange because i'm also a newbie on this system. I've read the first pages with big E explanations. I also watched other parts of the thread and the last since october 2014. I 've read also Dean malone dots.
You are saying that the market has evolved since 2008, around when tms was created. DOTS must be added to keep the system efficient. My problem is that i don't feel confident wit weekly/yesterday hight/lows. I don't often see the market react on those levels. My main tools are fibs ,trend lines and sometimes Andrews pitchfork. Do you think it's a good idea keeping my tools towards tms if i'm more confident with them? Does someone done the same as me?
  • #46,247
  • Dec 10, 2014 9:14am Dec 10, 2014 9:14am
Quoting nods80
A cheeky 25 pips from EURAUD 15m TF {image}

My TP was way to conservative it's doesn't want to stop climbing. Will be looking for a retrace later. I set my tp to the resistance level and it smashed it.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,248
  • Dec 10, 2014 9:26am Dec 10, 2014 9:26am
'Been trading this system now for about 2 years, took a while to get passable at it and now only use it on the H4 during London session, usually closing mt4 down about 1600 London time.
The two mini charts on the right are 'pipware mini charts' - useful for trend but not essential.
I stopped participating in this thread quite a while ago when it got a bit 'distracted' perhaps. 'nice to see it looking on track and focussed again and I'll chuck in my 2 cents worth if it might help anyone.
I don't have any trades on at the moment and don't really fancy anything much.
currently making 3 or 4 trades a week, about 75% success with conservative take profit levels.
Here's how my charts look,
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot.jpg Size: 173 KB
Don't ask me, I have no idea what's going on.
  • #46,249
  • Dec 10, 2014 9:27am Dec 10, 2014 9:27am
Quoting Morigan
{quote} I would like to react to this exchange because i'm also a newbie on this system. I've read the first pages with big E explanations. I also watched other parts of the thread and the last since october 2014. I 've read also Dean malone dots. You are saying that the market has evolved since 2008, around when tms was created. DOTS must be added to keep the system efficient. My problem is that i don't feel confident wit weekly/yesterday hight/lows. I don't often see the market react on those levels. My main tools are fibs ,trend lines and sometimes...
Morigan,

Nice meeting you!

I'll try to answer your question.

Their are a lot of different ways to trade the market. "Their must be 100
different ways to skin a cat"! This system has always revolved around the
tdi indicator. The reason we use the tdi indicator is because it works!

I would not say the market has evolved! I would say the market conditions
have changed. We are not seeing the big wild moves of 2008, we are seeing
a tighter compressed market, with a lot of chop.

I don't use the weekly chart for my calculations. I use the daily chart &
4 hour charts for my calculations. The Dots system is just another twist
to Tms, trying to make the basic system better. We have always stayed with
the basic teachings of Tms. Tms is a off shoot of Dean Malone's Synergy system.
Tms, Synergy & Dots (3 different but kind of the same systems) intertwine together.
They are brothers & sisters of each other.

If you stay with Tms & it's brother & sister I think you will be further ahead
in your learning & trading. It's really all the same system & family. Were all
still doing the same thing with the tdi. Some people use levels, some people
don't. Some people look at the trend, some people don't. But the basic
system is the same! Were all related, were all friends, we all know each other

Did I answer your question?

sj
  • #46,250
  • Dec 10, 2014 9:28am Dec 10, 2014 9:28am
I'm in Dean's DOTS trading room this morning. It's way over my head. His knowledge and enthusiasm are worth the watch. Right now he's looking at possible trades...
  • #46,251
  • Dec 10, 2014 9:30am Dec 10, 2014 9:30am
Quoting Gizzledonk
'Been trading this system now for about 2 years, took a while to get passable at it and now only use it on the H4 during London session, usually closing mt4 down about 1600 London time. The two mini charts on the right are 'pipware mini charts' - useful for trend but not essential. I stopped participating in this thread quite a while ago when it got a bit 'distracted' perhaps. 'nice to see it looking on track and focussed again and I'll chuck in my 2 cents worth if it might help anyone. I don't have any trades on at the moment and don't really fancy...
Gizzledonk,

Nice meeting you!

That is excellent! Welcome back home
We have missed you...keep on posting!

sj
  • #46,252
  • Dec 10, 2014 9:35am Dec 10, 2014 9:35am
Quoting mary4x
I'm in Dean's DOTS trading room this morning. It's way over my head. His knowledge and enthusiasm are worth the watch. Right now he's looking at possible trades...
Good morning Mary4x,

How am I doing? Am I explaining it correctly?
Feel free to post & answer any questions if you would like!
I'am glad your here!

sj
  • #46,253
  • Dec 10, 2014 9:38am Dec 10, 2014 9:38am
EA long for +50 green
Attached Image (click to enlarge)
Click to Enlarge Name: EA H1 Buy Wed 10.12.14 US +52.png Size: 36 KB
Appreciation is the key to wealth and happiness
  • #46,254
  • Dec 10, 2014 9:43am Dec 10, 2014 9:43am
Quoting likica
EA long for +50 green {image}
I just knew you were gonna post that
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,255
  • Dec 10, 2014 9:43am Dec 10, 2014 9:43am
Quoting nods80
{quote} I just knew you were gonna post that
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,256
  • Dec 10, 2014 9:47am Dec 10, 2014 9:47am
Quoting likica
EA long for +50 green {image}
Excellentme too
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.png Size: 39 KB
Sad i'm not trying to understand PA
  • #46,257
  • Dec 10, 2014 9:54am Dec 10, 2014 9:54am
Quoting nods80
{quote} I just knew you were gonna post that
could not ignore such a good tdi angle

Quoting omonisha
{quote} Excellentme too {image}
nice
Appreciation is the key to wealth and happiness
  • #46,258
  • Dec 10, 2014 9:59am Dec 10, 2014 9:59am
Quoting likica
{quote} could not ignore such a good tdi angle {quote} nice

Congrats to both of you. Finding it hard to be pleased with my meager 25
Intelligence is the ability to adapt to change. Stephen Hawking
  • #46,259
  • Dec 10, 2014 10:08am Dec 10, 2014 10:08am
Quoting nods80
{quote} Congrats to both of you. Finding it hard to be pleased with my meager 25
green is good no matter how much/many cheer up . 2nd tip of the day: keep an eye on M30 as well as H1 H4, look at the below chart which tells you a lot when to get in earlier if price @ S/R and seeing price was reacting at that area...., M15 is a bit too scalpy so I stopped looking at it (only use M15 for gold and oil)
Attached Image (click to enlarge)
Click to Enlarge Name: EA M30 buy Wed 10.12.14 view US CASH.png Size: 21 KB
Appreciation is the key to wealth and happiness
  • #46,260
  • Dec 10, 2014 10:12am Dec 10, 2014 10:12am
Quoting Ballistical
{quote} 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
Ballistical I took your advise and have only been looking at the E/A and also read the first PDF of Phx62. Bagged myself 50 pips following the rules

Cheers for the advise hopefully the success continues
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