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Trading Made Simple

  • #46,701
  • Dec 13, 2014 11:00am Dec 13, 2014 11:00am
EA on Daily chart sitting at ABCD completion and BRN 1.5000, will see how Monday reacts to that level , and trade accordingly next week
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Click to Enlarge Name: EA_Daily.jpg Size: 319 KB
I Have Learned to Take Some Losses to Make Profits
  • #46,702
  • Dec 13, 2014 1:05pm Dec 13, 2014 1:05pm
Quoting snarlyjack
Adikashyap, I'll give you my opinions, others might have different opinions. 1). I only trade 5 pairs after 8 years. 2). If you are trading the 1 hour chart, I would look to the 4 hour chart for trend. 3). I think to many (more than 1 indicator) will confuse you. I only trade with the tdi. 4). See question # 2. I also use the 200 ema/close. 5). Yes, look at the next higher time frame for your trend. 6). No...the guppy's work on any time frame. (ride the waves). 7). I don't use fibs. I use s/r levels. 8). I think your trading with too much money!...
I am relatively new to the FOREX market. This seems like a great group. Big E left a terrific legacy.
Regarding the 1st item in your responses above, may I ask which 5 pair are you trading?_____ (I hate to reinvent the wheel when its obvious there is a simple system and rules if I can provide the discipline needed to execute consistently well.)
Great posts. Thanks for sharing!
  • #46,703
  • Dec 13, 2014 6:37pm Dec 13, 2014 6:37pm
Quoting griffinssoul
{quote} Hi Phx62, thanks for this information. Just wondering, when you say 'H1 candle' is that a HA or normal candle?
I chart the Synergy APB bars which are very similar to HA.
  • #46,704
  • Dec 13, 2014 6:41pm Dec 13, 2014 6:41pm
HI Guys

could someone please attach a TDI indicator which only changes after candle close. Will be much appreciated.

Regards
Dennis
  • #46,705
  • Dec 13, 2014 11:49pm Dec 13, 2014 11:49pm
Quoting TheScorpS
EA on Daily chart sitting at ABCD completion and BRN 1.5000, will see how Monday reacts to that level , and trade accordingly next week {image}
Quoting TheScorpS
EA on Daily chart sitting at ABCD completion and BRN 1.5000, will see how Monday reacts to that level , and trade accordingly next week {image}
Hi TS,

How you doing ?

I've nearly the same zone on my chart for EA daily and to be honest I'm loving the daily NY candle close trading. It's much more relaxing and stress free. Although, I'm doing forward testing on live account from past 2 weeks now with very small lot size as there is no rush.

It is actually amazing how the knowledge of different areas of forex such as reading candlesticks, IB breakouts, Fib, structure support areas etc. can help you build your case for entry. I've the same story this week with EA daily, by the time the setup appeared on EA last week, either I missed it or I was in another trade.

I'm still sticking to GN(short) daily trade from last week and let's see how it will work out next week. Been doing lot of study and chart reading.
Attached Image (click to enlarge)
Click to Enlarge Name: 14122014 analysis.png Size: 283 KB


Kindest regards
  • #46,706
  • Dec 14, 2014 5:38am Dec 14, 2014 5:38am
Quoting dennis4u15
HI Guys could someone please attach a TDI indicator which only changes after candle close. Will be much appreciated. Regards Dennis
you can get it here, just go to the paper clip above on the right hand corner and you get everything you need there

http://www.forexfactory.com/showthre...20#post7857020
I Have Learned to Take Some Losses to Make Profits
  • #46,707
  • Edited 11:30am Dec 14, 2014 5:41am | Edited 11:30am
Quoting Phx62
{quote} I chart the Synergy APB bars which are very similar to HA.
Many thanks Phx62. This reminded me to chase up some info regarding the difference b/w HA, APB, HA Smoothed, APB Smoothed etc, as I was confused about this (as were other traders - so I hope this is of some benefit ).

Dean Malone modified the definition of HA as he reasoned they were developed for non-fx trading and not as suitable for fx. So, he changed the way the HA_Close was found. If you have a look @ the way HA candles are found,

HA_Close = (Open + High + Low + Close) / 4
HA_Open = (HA_Open [previous candle] + HA_Close [previous candle]) / 2
HA_High = Max (High, HA_Open, HA_Close)
HA_Low = Min (Low, HA_Open, HA_Close),

changing the way HA_Close is found changes (almost) everything else. The Open, High, Low, Close is just the normal OHLC. I dont know what the change to this is exactly but you could make 10Billion ones no doubt [probably something simple]. The smoothed version(s) simply take values from the average (MA's) values from the OHLC values to use instead of just the hard values, (OHLC themselves).

The advantages of APB are;

1. follows current Close better
2. reduce potential extreme HA_Low/High values - I take this to mean when, for e.g., HA_Open is higher than High etc
3. reduction in noise

It is the first point that seems most advantageous to TMS'ers as we heavily rely on the candle close. All that said I'm still using the normal HA's. Please feel free to comment - I would value any other views as knowing your trading tools is really important as far as I see.
  • #46,708
  • Dec 14, 2014 5:47am Dec 14, 2014 5:47am
Quoting MrAussieFX
{quote} {quote} Hi TS, How you doing ? I've nearly the same zone on my chart for EA daily and to be honest I'm loving the daily NY candle close trading. It's much more relaxing and stress free. Although, I'm doing forward testing on live account from past 2 weeks now with very small lot size as there is no rush. It is actually amazing how the knowledge of different areas of forex such as reading candlesticks, IB breakouts, Fib, structure support areas etc. can help you build your case for entry. I've the same story this week with EA daily, by the...
Hi MrAussieFX & TheScorpS, thanks to you both!!! You are excellent structure analysts and these results are very important - very much appreciate it...
  • #46,709
  • Dec 14, 2014 7:03am Dec 14, 2014 7:03am
Quoting likica
{quote} . even more strange as I was studying ACHF H1 chart 10min ago saying to myself that I will take trades on this pair in coming weeks as it has been doing well H1 tdi signals compared to AU
AUDCHF Daily with ABC completion, buy opportunity in coming days if tdi cross with div/HL ..........on lower TF
Attached Image (click to enlarge)
Click to Enlarge Name: ACHF Daily updated Sun 14.12.14 - ABC completion. look for buy.png Size: 68 KB
Appreciation is the key to wealth and happiness
  • #46,710
  • Edited 7:33am Dec 14, 2014 7:18am | Edited 7:33am
Quoting likica
{quote} AUDCHF Daily with ABC completion, buy opportunity in coming days if tdi cross with div/HL ..........on lower TF {image}
Hi likica, looks good If you pan-back on the W1 TF you will see PA is headed for major Support - I mean major - going back to 1995 - only in 2008/9 did we see a case of falling-off-the-roof (false break)...

Also, I was watching PA on the 1H and it bounced (30-40pip bounces) off the BRN a few times (News spikes shot through of course) and then just smashed through like it wasnt there... that tells me to be careful counter-trade... trade safe
  • #46,711
  • Dec 14, 2014 7:29am Dec 14, 2014 7:29am
Quoting likica
{quote} It s beautiful trade Manoj. I m not at level 100 in fx yet Here are my EA for the week just to show a few traders who PM me asking how I traded recently. I told them to focus on 1 pair and EA has been good around FO LO and NY. Note that this is H1 snapshot to fit all trades in. If following my posts M30 was used a lot at S/R for tdi crosses. {quote} If you don't mind, I'd like to add one more question asking yourself: " Have I ever had 3 good (green) months in trading? if the answer is no, then start trading with 10...
  • #46,712
  • Dec 14, 2014 7:30am Dec 14, 2014 7:30am
Quoting Gizzledonk
{quote} That is a very nice trade!
Thanks Gizzledonk !
  • #46,713
  • Dec 14, 2014 8:29am Dec 14, 2014 8:29am
Quoting Landline
UC sell placed at 1.1529 on H1 chart 4 Reasons - tdi, p&g, cc, zone t/p dependent on pa
Hi all,

Just a quick update on progress to date since applying TMS as the backbone to my strategy.

Since 02/12/14 I have made 18 trades across various pairs and various t/fs. I have essentially ignored what is generally thought of as a trend, mainly because different trends exist in all t/fs, but I am aware of any underlying main trend, particularly if I'm looking to trade off the 4hr or highter t/f, but other than that, my results so far indicates to me that the local trend (whether that happens to be with underlying trend or not) helps dictate my decision.

I like to use the red and grey trading zones typically seen in my trade images, along with the line chart white line and Gann black line, and thats about it.

Thanks go to Snarlyjack in particular who introduced his method to me and took the time to explain his thinking behind it.

My method copies some of his thoughts, albeit in a 'slimmed' down version.

Results seem to speak for themself

18 trades, 17 wins, 1 still in play ref attached post, this one may become my first loser, but overall all I can say is wow!

Its hard to see at this point how TMS can be improved upon, and I have applied many styles in the past, but none that have produced what can only be described as an overnight turnaround in my trading success. I shall of course continue to trade in this manner this week and with lighter lot sizes than I have in the past to ensure that its not just a fluke, but after the new year, assuming positive results continue, then I plan to escalate lot size accordingly.

Hope this post helps anyone that has doubts, as I know a few that have expressed on here, but my answer would be 'persevere'

Good luck - LL
  • #46,714
  • Dec 14, 2014 8:52am Dec 14, 2014 8:52am
how can i set a take profit with TMS?

would ATR be useful?
  • #46,715
  • Dec 14, 2014 10:03am Dec 14, 2014 10:03am
EJ as well on the daily chart, theres a small ABCD completion , TDI MBL hitting over bought zone, and divergence is forming so, another pair that I trade and watch as well as EA
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-12-14_18-53-27.png Size: 179 KB
Click to Enlarge Name: 2014-12-14_18-57-37.png Size: 221 KB
I Have Learned to Take Some Losses to Make Profits
  • #46,716
  • Dec 14, 2014 10:05am Dec 14, 2014 10:05am
landline

Nice to hear that, just trade the way ur doing it now and I think the results will be repeatable, TMS really makes ur account looks green
I Have Learned to Take Some Losses to Make Profits
  • #46,717
  • Dec 14, 2014 10:06am Dec 14, 2014 10:06am
Quoting likica
{quote} AUDCHF Daily with ABC completion, buy opportunity in coming days if tdi cross with div/HL ..........on lower TF {image}
Hey, checking this pair just for the sake of analysis on ABCD formation, u know thats my favorite power tool with TMS thanks fro sharing
I Have Learned to Take Some Losses to Make Profits
  • #46,718
  • Dec 14, 2014 10:08am Dec 14, 2014 10:08am
Quoting manoj_3986
{quote}
Very nice trade, I have printed the calender on FF for the coming 2 weeks, just to see when there will be time on and off the market , good luck
I Have Learned to Take Some Losses to Make Profits
  • #46,719
  • Dec 14, 2014 1:52pm Dec 14, 2014 1:52pm
Quoting TheScorpS
EJ as well on the daily chart, theres a small ABCD completion , TDI MBL hitting over bought zone, and divergence is forming so, another pair that I trade and watch as well as EA {image} {image}
Hey TSS,

thanks for the chart. Just been setting some charts up for the week ahead and writing down some notes on pairs, simple head and shoulders hopefully coming on the EJ.

good luck for the week ahead
  • #46,720
  • Dec 14, 2014 4:30pm Dec 14, 2014 4:30pm
Looking for a re-test of the broken trend line of last week. First target is the gray box, obviously anything can happen but with Wednesday being a High Impact day for Uk and US I will be flat waiting a signal either way.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 68 KB
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