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Trading Made Simple

  • #46,481
  • Dec 11, 2014 4:16pm Dec 11, 2014 4:16pm
Quoting Landline
{quote} Hi Wyley Attached post explains what they refer to
thanks Landline!...btw I also went short U/[email protected], my Tp is open, have to watch PA around 1.1519/1.1500 and hoping we see 1.1440, thats according to my chart analysis
  • #46,482
  • Dec 11, 2014 4:32pm Dec 11, 2014 4:32pm
Quoting wyley187
{quote} thanks Landline!...btw I also went short U/[email protected], my Tp is open, have to watch PA around 1.1519/1.1500 and hoping we see 1.1440, thats according to my chart analysis
Yeah its got its chance thats all we can say for now.

I would like to get s/l to b/e at 1.151 or thereabouts to get a free-ride...maybe in a candle or twos time
  • #46,483
  • Dec 11, 2014 5:02pm Dec 11, 2014 5:02pm
Quoting lastingwell
{quote} This is my daily on GU, you have bullish divergence which was good for a buy, you also though have resistance which it hit, I would have taken half off and then let the rest ride, after moving to BE, you have no idea if it will go through or get kicked back. {image}
Thanks a lot Lastingwell. I bailed though for a little profit.
Back trade terminal!
  • #46,484
  • Dec 11, 2014 5:52pm Dec 11, 2014 5:52pm
Hi Folks,

Watchout for USD short term weakness when we see the 3 amigos - AUDUSD, EURUSD and GBPUSD going is same direction.
UCDCHF is inverse coorelated to EURUSD so normally we should trade either pair and not both pairs at the same time.
NZDUSD is correlated to the 3 amigos.

Also look at all the three commodity currency pairs - AUDUSD, NZDUSD and USDCAD to see the price action when there is strong market activity.

Next week should be a winding down week for many long term position traders.

It is Friday, so trade safe.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #46,485
  • Dec 11, 2014 5:56pm Dec 11, 2014 5:56pm
Quoting emmanuel7788
Hi Folks, Watchout for USD short term weakness when we see the 3 amigos - AUDUSD, EURUSD and GBPUSD going is same direction. UCDCHF is inverse coorelated to EURUSD so normally we should trade either pair and not both pairs at the same time. NZDUSD is correlated to the 3 amigos. Also look at all the three commodity currency pairs - AUDUSD, NZDUSD and USDCAD to see the price action when there is strong market activity. Next week should be a winding down week for many long term position traders. It is Friday, so trade safe. regards,

What s your Latest positions at 8 pm tonight?
Bomi
  • #46,486
  • Dec 11, 2014 6:37pm Dec 11, 2014 6:37pm
Quoting redcloudxlll
{quote} Hi Greenb, I would like to trade as well as you. do you have the templates ex4 that you can possibly share with me and how to trade the TMS system. Thank you.
redcloud, you flatter me, although there are a lot of traders in this forum that does better than me, but just did not post often enough.
template, i don't have. but you can make your own. Its literally only TDI, 5EMA +3 (close), Synergy APB. Have those in your chart, and play around with the chart properties to your liking and you are set.
how to trade tms, i would suggest you to go back to the start of thread and read BigE post, or you can alternatively go back to around october and read post by SJ. Beleive me when i say that reading those posts and doing backtesting is the only way that will help. there is no shortcut.

Regards,

Greenb
Daniel
  • #46,487
  • Dec 11, 2014 6:40pm Dec 11, 2014 6:40pm
Quoting emmanuel7788
Hi Folks, Watchout for USD short term weakness when we see the 3 amigos - AUDUSD, EURUSD and GBPUSD going is same direction. UCDCHF is inverse coorelated to EURUSD so normally we should trade either pair and not both pairs at the same time. NZDUSD is correlated to the 3 amigos. Also look at all the three commodity currency pairs - AUDUSD, NZDUSD and USDCAD to see the price action when there is strong market activity. Next week should be a winding down week for many long term position traders. It is Friday, so trade safe. regards,

How's your holiday? are you back to civilization yet?
mmm, is it weird to be in December and its summer? Last time when i went back to Indonesia for Christmas, it was a bit weird to have (fake) tree and fake snow when its 30celc outside

Greenb
Daniel
  • #46,488
  • Dec 11, 2014 6:41pm Dec 11, 2014 6:41pm
Quoting snarlyjack
{quote} Nods, Here is another view of the E/A chart for you! Don't let the "pro's" syke you out! They love to do that... sj {image}
Thanks for keeping reminding us, my trading has improved so much, SJ.

Quoting emmanuel7788
Hi Folks, Watchout for USD short term weakness when we see the 3 amigos - AUDUSD, EURUSD and GBPUSD going is same direction. UCDCHF is inverse coorelated to EURUSD so normally we should trade either pair and not both pairs at the same time. NZDUSD is correlated to the 3 amigos. Also look at all the three commodity currency pairs - AUDUSD, NZDUSD and USDCAD to see the price action when there is strong market activity. Next week should be a winding down week for many long term position traders. It is Friday, so trade safe. regards,
Thanks Emman. Have a wonderful time in WA.


Quoting Phx62
The TMS system is still working great. My EA H1 trades this week. Five profitable trades and one BE trade. No losers this week.{image}
It's inspiring seeing you trades. Thanks for sharing Phx62.

Quoting lastingwell
{quote} Yes I know I said I'd hit my target but couldn't resist one more, easing myself back in on 50 pippers after such a long break. {image} {image}
Hope things are all good with you. It's always clearer to see your charts. Thanks LW.
Appreciation is the key to wealth and happiness
  • #46,489
  • Dec 11, 2014 6:59pm Dec 11, 2014 6:59pm
Last trade before bed time. GBPNZD +52
Good night all
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  • #46,490
  • Dec 11, 2014 7:02pm Dec 11, 2014 7:02pm
I have been losing a lot of hopes in playing the game. I put it amounts of efforts for about 1 -2 years but still have not seen any gains/profits from the system. Nonetheless I understand that it is a combination of many factors and hope one day I will be able to sort out them out one day too and trade as confidently and professionally too. Everyone keep up the good work.
  • #46,491
  • Dec 11, 2014 7:11pm Dec 11, 2014 7:11pm
Quoting birdnest
I have been losing a lot of hopes in playing the game. I put it amounts of efforts for about 1 -2 years but still have not seen any gains/profits from the system. Nonetheless I understand that it is a combination of many factors and hope one day I will be able to sort out them out one day too and trade as confidently and professionally too. Everyone keep up the good work.

You're not the only one who has been very frustrated with it. I've lost a lot of time and money with it too. Obviously, something is lacking in my understanding.
  • #46,492
  • Dec 11, 2014 7:28pm Dec 11, 2014 7:28pm
Quoting sknight1
{quote} You're not the only one who has been very frustrated with it. I've lost a lot of time and money with it too. Obviously, something is lacking in my understanding.
You have a perfectly good understanding of the market, one of the reasons you are losing money is because you have your stop losses too tight.....because of the money you've lost in the past, only you can change your outlook on that.

I'm sure wdays won't mind me using him as an example of how you can turn things around very easily with just a few adjustments to how you both look at yourself and the market.
Look at wdays posts just a short while ago, October this year to be exact:
Quoting WDays
I CANNOT catch a break even though I was taken out at b/e after price pulled back, my reasons to enter, besides the TDI signal, were a bearish rotation (break below, close below my trendline), a shallow retracement (under or equal to 50%) signifying trend continuation and a momentum bearing candle. Sadly, my stop was taken out yet again, and I really need to tweak my plan cus it's starting to piss me off! We then see an ABCD completition coupled with TDI in the oversold area and potential longs this morning, I was away from computer and did not...
Quoting WDays
Wow, what the hell is going on lately...... My targets seem realistic at the time of setting the trade, yet none of them are reached despite trades going well into profit. {image}
Now look at his posts, full of confidence and making money. It can be turned around and quickly, but you have to work on your frame of mind as well as learning the system and I know its hard to do, but it can be done!! You don't believe it yet but you will.
  • #46,493
  • Dec 11, 2014 7:45pm Dec 11, 2014 7:45pm
Quoting lastingwell
{quote} You have a perfectly good understanding of the market, you are only losing money because you have your stop losses too tight.....because of the money you've lost in the past, only you can change your outlook on that. I'm sure wdays won't mind me using him as an example of how you can turn things around very easily with just a few adjustments to how you both look at yourself and the market. Look at wdays posts just a short while ago, October 2nd to be exact: {quote} Now look at his posts, full of confidence and making money. It can be turned...
Good post Lastingwell,

I've been trading with fair success for a few years, but only recently (2 weeks approx) been using TMS. It's scarey, but I haven't lost using the TDI based method I use (famous last words I know lol). The added bonus is that its also the easiest system I've used. So I hope any strugglers bear with it as you have said because it really works providing it isn't cver complicated with indies, and dare I say...over-thought, what I mean is it's called TMS for a reason.

I just use the following, without PAC or guppies

1. TDI
2. Price and Gann
3 Candle colour change
4. Buy or sell zone

It seems to be doing the job!
  • #46,494
  • Dec 11, 2014 7:46pm Dec 11, 2014 7:46pm
Quoting lastingwell
{quote} You have a perfectly good understanding of the market, one of the reasons you are losing money is because you have your stop losses too tight.....because of the money you've lost in the past, only you can change your outlook on that. I'm sure wdays won't mind me using him as an example of how you can turn things around very easily with just a few adjustments to how you both look at yourself and the market. Look at wdays posts just a short while ago, October this year to be exact: {quote} {quote} Now look at his posts, full of confidence...

((((( hug )))))
  • #46,495
  • Dec 11, 2014 8:00pm Dec 11, 2014 8:00pm
Quoting lastingwell
{quote} You have a perfectly good understanding of the market, one of the reasons you are losing money is because you have your stop losses too tight.....because of the money you've lost in the past, only you can change your outlook on that. I'm sure wdays won't mind me using him as an example of how you can turn things around very easily with just a few adjustments to how you both look at yourself and the market. Look at wdays posts just a short while ago, October this year to be exact: {quote} {quote} Now look at his posts, full of confidence...
Lastingwell,

That is excellent advise!

Let's start planning for 2015

I see 2 different types of traders here. (1) The traders that are profitable & (2) The traders who are struggling with profitability.

Let's post up all the reasons why were not profitable and analyze them!

These are some of opinions...

(1) Trading the wrong time frames.
(2) Trading against the trend.
(3) Making high risk trades without a signal.
(4) Gambling not trading.
(5) Our emotions are out of control.
(6) Not understanding the system they are using.
(7) Making decisions on fear & greed.

Let's keep this list going & talk about them & see if we can straighten them out to help people!

2015 will be here soon. It would be nice if we could start the New Year with some new idea's & goals!

sj
  • #46,496
  • Dec 11, 2014 8:06pm Dec 11, 2014 8:06pm
Hi SJ,

The post kept me a little hopeful for the new year. I have decided to do demo again and stop trading for the year and try to analyse again my never-ending whys............... But for sure, I know I am guilty of at least 4 of the above.

2015 shall be the start of my new trading year and I will make efforts to post my charts as an avenue for guidance/feedback. Soon I will write down my goals in 2015! and post it too! I do hope all my losses will turn into gains and see myself profiting the system.
  • #46,497
  • Dec 11, 2014 8:13pm Dec 11, 2014 8:13pm
Quoting snarlyjack
{quote} Lastingwell, That is excellent advise! Let's start planning for 2015 I see 2 different types of traders here. (1) The traders that are profitable & (2) The traders who are struggling with profitability. Let's post up all the reasons why were not profitable and analyze them! These are some of opinions... (1) Trading the wrong time frames. (2) Trading against the trend. (3) Making high risk trades without a signal. (4) Gambling not trading. (5) Our emotions are out of control. (6) Not understanding the system they are using. (7) Making decisions...
I would add amonst other things, realistic stops and t/ps
  • #46,498
  • Dec 11, 2014 8:14pm Dec 11, 2014 8:14pm
Quoting Phx62
The TMS system is still working great. My EA H1 trades this week. Five profitable trades and one BE trade. No losers this week.{image}
Phx62

So glad to see your posts again
  • #46,499
  • Edited 11:23pm Dec 11, 2014 11:10pm | Edited 11:23pm
Quoting lastingwell
{quote} Yes I know I said I'd hit my target but couldn't resist one more, easing myself back in on 50 pippers after such a long break. {image} {image}
Congrats lastingwell, TheScorpS, Greenb, RedPhoenix(excellent mate!), nods80, Phx62 and to anyone else I missed (these posts get huge quickly) !!!
  • #46,500
  • Dec 11, 2014 11:13pm Dec 11, 2014 11:13pm
Quoting lastingwell
{quote} You have a perfectly good understanding of the market, one of the reasons you are losing money is because you have your stop losses too tight.....because of the money you've lost in the past, only you can change your outlook on that. I'm sure wdays won't mind me using him as an example of how you can turn things around very easily with just a few adjustments to how you both look at yourself and the market. Look at wdays posts just a short while ago, October this year to be exact: {quote} {quote} Now look at his posts, full of confidence...
Great analysis and advice lastingwell - truly a professional and phenomenal trader!!!
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