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Trading Made Simple

  • #47,441
  • Dec 20, 2014 3:30am Dec 20, 2014 3:30am
Quoting redcloudxlll
{quote} My candlesticks are all one color red and blue. I have to change the outline in order to tell the difference between the open and close of each bar.
And don't forget to change the bar up to blue sky for bull candles and bar down for red color, that way you gonna see each APB candle wither it closed red in bearish market or blue, and vise versa,
I Have Learned to Take Some Losses to Make Profits
  • #47,442
  • Dec 20, 2014 3:35am Dec 20, 2014 3:35am
Morning all

Just update since I started to utilise the ~TMS system

I've used different time frames. 4H is defiantly the way to go.
I've averaged 175 pip / week over last 4 weeks.

I still put on too many losing trades but so far have not had a loosing day!!! Which is a new first for me.

Thank you all for sharing this
Good luck and best wishes for next year.

LW
  • #47,443
  • Dec 20, 2014 4:57am Dec 20, 2014 4:57am
Quoting forexday
Quoting emmanuel7788
{quote} Hi moretti et all, Forming small groups of like-minded TMS traders in a live trading room (using skype or other realtime online chat) is a good idea. A few members here have started but as I know, they did not continue for very long and eventually stopped. I would love to hear from the experience from those who started live trading groups and are still active. I am sure those members who joined these previous live trading groups have their experience why they did not continue. We can learn from them and not make
...
We have a Skype group that is going for 2 years active on daily basis; anyone interested give me a pm but before u do; I argue that the group is for those active traders that want to make it in the trading business; we had some traders that came and vanished ; if any member don't have the hard work to be in a group please no need to pm me; just those that have passion and determination for success are most welcome I as well encourage u to continue posting here as well and not leave TMS so good luck

PS. was not going to post that but since there are more members discussing this recently, I thought it is time to share my experience
I Have Learned to Take Some Losses to Make Profits
  • #47,444
  • Dec 20, 2014 6:27am Dec 20, 2014 6:27am
Hi Everyone,

Just did my EA (daily) backtesting on simulator and was able to record it (30 mins video without audio but notes on the video for clarification).

This video is basically showing our state of mind as trader while trading, the questions that arise when we take a trade, what happens if we continuously monitor our trade rather than let it run and do its thing and look at it after every candle close.

1. What happens when we take a trade in support/resistance area
2. Are we just looking at the PA and not following the TDI confirmation
3. The difference between using APB and candlesticks when trade is running/ Making decision in closing a trade / Making decision in taking a trade
4. What happens when we solely rely on TDI alerts in entering/exiting the trade as we may experience false alerts all the time
5. What to look for when we get that false alert (The TDI's behaviour, The PA's behaviour, The Support/Resistance)
6. How much SL to be used when entering the trade

There are callouts in the video for what's happening and the explanation of how trade is progressing. If you skip the parts in the video, you might skip those callouts.
Put your favourite music on and spare yourself 30 mins to go through the video.

Don't forget to do your backtesting (It gives you confidence) and forward testing (It helps you perfect your system in real market conditions).
Inserted Video


Kindest Regards
  • #47,445
  • Dec 20, 2014 6:35am Dec 20, 2014 6:35am
Quoting MrAussieFX
Hi Everyone, Just did my EA (daily) backtesting on simulator and was able to record it (30 mins video without audio but notes on the video for clarification). This video is basically showing our state of mind as trader while trading, the questions that arise when we take a trade, what happens if we continuously monitor our trade rather than let it run and do its thing and look at it after every candle close. 1. What happens when we take a trade in support/resistance area 2. Are we just looking at the PA and not following the TDI confirmation 3....
Thanks , will have a look laters
I Have Learned to Take Some Losses to Make Profits
  • #47,446
  • Dec 20, 2014 7:06am Dec 20, 2014 7:06am
Quoting griffinssoul
{quote} Thanks nods80... how did it all go yesterday?
I haven't traded for 2 days. But for the month I'm showing a profit of nearly 400 pips, about a 60% success rate. I'm happy with this it's only my 2nd TMS month.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #47,447
  • Dec 20, 2014 8:56am Dec 20, 2014 8:56am
Quoting MrAussieFX
Hi Everyone, Just did my EA (daily) backtesting on simulator and was able to record it (30 mins video without audio but notes on the video for clarification). This video is basically showing our state of mind as trader while trading, the questions that arise when we take a trade, what happens if we continuously monitor our trade rather than let it run and do its thing and look at it after every candle close. 1. What happens when we take a trade in support/resistance area 2. Are we just looking at the PA and not following the TDI confirmation 3....
MrAussieFx,

That was excellent, thank you!
My initial thoughts:

Try not to trade in congestion where the market isn't going anywhere.
Use a predetermined take profit levels (tp1, tp2, tp3) take your profits & run.
Use of price action signals (pin-bars, engulfing bars, Inside bars with the trend) is good.
Their are 2 rules of thought on stop loss setting's. (1) set your stop & don't move it.
(2). Move your stop loss to BE as soon as possible. I kinda like rule #1.
Trading with the trend or retracements away from the guppy's work better.
Converting 4 hour trades into the daily chart works smoother.
Set & forget trading (grinding it out) will prevent a lot of losses & reward some
really nice profits.
Use 5-8 different charts & pick one that is moving with the trend & ride it.
All in all...the daily chart is my favorite chart!

I really like your charts! I think your going to be a great trader! I would
bet on your success as a trader

Once again thank you!
sj
  • #47,448
  • Dec 20, 2014 9:07am Dec 20, 2014 9:07am
Quoting nods80
{quote} I haven't traded for 2 days. But for the month I'm showing a profit of nearly 400 pips, about a 60% success rate. I'm happy with this it's only my 2nd TMS month.
Nods,

I think that is excellent for only trading for 2 months with Tms!
Think of it this way...your only going to get better. Your just
starting to get dialed in on something very new to you. Give
it some time & keep on learning and see what happens
in the future

Don't change systems! Learn as much as you can about Tms.
Crystallize your goals, take your time then go for it...

Congrat's
sj
  • #47,449
  • Dec 20, 2014 9:12am Dec 20, 2014 9:12am
Quoting ababias
{quote} What is GMMA slow? There is no indicator by that name in the paper clip? adr_v2 is also not available in the paper clip. Anyway, this month will be a testing time for me. Planning to take some time out and spend time on TMS. Hope New year will be some thing different and confident that it will be a good Forex trading year with the help of this TMS and this thread. Regards, AB
Ababias,

Gmma & Guppy are one and the same. (Guppy multiple moving averages).
Use ema/close 30,35,40,45,50,55,60 (gmma) to get your trend & retracement levels.
sj
  • #47,450
  • Dec 20, 2014 9:15am Dec 20, 2014 9:15am
Quoting dignitas
{quote} Micro account is better, since you can optimize your risk better. Two things before you get started with real money: Learn the lessons from eelfranz, his guidance and repeated warnings and recommondations have to be taken seriously. He passed away, but you can still learn from his expertation in this thread. Also study the posts of people who have been trading this system for a long time. Learn about risk management and market techniques, better spend money on your education than burning it on the markets. Find your comfortable Risk Zone....
Dignitas,

This is excellent advice!
It is more important to learn how to trade properly than
to try to make a ton of money. The money will follow once
you learn to trade properly...
sj
  • #47,451
  • Dec 20, 2014 11:43am Dec 20, 2014 11:43am
Quoting lastingwell
{quote}Ok I see where you went in on EJ now, by my reckoning there was 35 pips from the open of the candle you went in on, to where you actually went in. If the low is that far away, you have plenty of time (hopefully) to allow you to set your breakeven if necessary. Never wait that long before getting into a trade, if the low was close then I can understand it, but that is a very long distance to wait. As far as the GJ trade goes, 12 noon London, is usually pretty quiet unless there is news of some sort to give it a spurt.
I waited for the low to be broken for EJ because the previous candle was a pullback candle. Guess I waited as I wanted to be sure. I will take note of your advise on early entries or simply skip the trade if its not an A+ setup. Thanks for your help Lastingwell
  • #47,452
  • Dec 20, 2014 12:53pm Dec 20, 2014 12:53pm
Quoting snarlyjack
{quote} MrAussieFx, That was excellent, thank you! My initial thoughts: Try not to trade in congestion where the market isn't going anywhere. Use a predetermined take profit levels (tp1, tp2, tp3) take your profits & run. Use of price action signals (pin-bars, engulfing bars, Inside bars with the trend) is good. Their are 2 rules of thought on stop loss setting's. (1) set your stop & don't move it. (2). Move your stop loss to BE as soon as possible. I kinda like rule #1. Trading with the trend or retracements away from the guppy's work better. Converting...
Thanks SJ,
I really appreciate your feedback and time. I started learning forex early this year (2014) and I believe this is the most fun part of this subject,business whatever we want to call it.
1. The learning never ends (Candlesticks, patterns, fibs, Money management etc.)
2. The more practice we do the better we feel and the better & calculated decisions we make
3. We have our exam everyday (Live market test us on patience, our homework, money management and reward us accordingly)
4. We all are students here, we wake up in the middle of the night, spare ourselves 15-20 mins at work to sit for our exam
5. That's why when any of us gets rewarded others appreciate it & back him/her up because we all know how much effort he/she is putting in this subject.

I'm looking forward to 2015. I wanted to make more mistakes in 2015 so that I can learn more from them, I can keep track of them and avoid them in the early stages of my learning and at the same time be profitable.

P.S - If we go Online and try to learn new things about trading be it PA, Fib etc. you will hear people saying don't trade them alone. Use any indicator to get the confirmation of buying or selling signal. I believe we TMS community is the luckiest community here as we have our TDI the best indicator to help us filter the good and bad trades. Whatever your style of trading is never give up on TDI, it is the heart of this system.

Kindest Regards
  • #47,453
  • Dec 20, 2014 1:33pm Dec 20, 2014 1:33pm
[quote=MrAussieFX;7956493]Hi Everyone, Just did my EA (daily) backtesting on simulator and was able to record it (30 mins video without audio but notes on the video for clarification). This video is basically showing our state of mind as trader while trading, the questions that arise when we take a trade, what happens if we continuously monitor our trade rather than let it run and do its thing and look at it after every candle close.

Thank you for the recording MrAussieFX.
It was great to see both the APB and Candlestick at work, thank you so much for that.
I prefer to trade with candlestick but Emmanuel and GreenB recently pointed out the advantages of using APB with TMS trading, so I changed my charts to APB candles now.
Also i appreciate all your chart postings with explanations.

Take care.
  • #47,454
  • Dec 20, 2014 1:33pm Dec 20, 2014 1:33pm
[quote=forexday;7956351]
Quoting sknight1
{quote} That is absolutely amazing. I've been at this for two years and still come up empty handed month to month. Dont feel too bad mate, put it down to gaining experience.... Together we will get our wheel barrow in the New Year Take care and happy holidays to you..
  • #47,455
  • Dec 20, 2014 4:10pm Dec 20, 2014 4:10pm
Hi all,

This is my third week with TMS using the 4 typical factors found in my charts that influence my decisions, which includes TDI as the principle indicator. The bottom line is that it continues to yield positive results, which is what its all about,

My breakdown this week has been the following.

14 trades (various t/fs)

10 wins booked +360

4 still in play (2 are currently up and 2 are currently down for net -35).

The majority of winners have been lightly traded thus far to prove its consistency, and I'm obviously delighted with the results it has brought, and I would now expect that same consistency to bear its fruits in the new year along with appropriate increased position sizing.

It has been a quick yet both a rewarding and exciting " apprenticeship" of late, with a number of common-sense approaches taken on board.

For the time being, and armed with my new found knowledge, via TMS, the seniors job is done for now so far as my learning goes, and now it is time to take responsibility into my owm hands and put all that to proper use which means I shall be focusing on the job in hand, ie trading the system. I'll still post the odd chart here and there if anyone is interested to keep my hand in with you guys, along with progress reports periodically re general number of trades placed, won and lost etc.

Anyway, many thanks to all who have contributed on this wonderful thread, it really is an eye-openerI have to say.

Enough said, cheers for now and have a great christmas all

Landline
  • #47,456
  • Dec 20, 2014 10:45pm Dec 20, 2014 10:45pm
Quoting Landline
Hi all, This is my third week with TMS using the 4 typical factors found in my charts that influence my decisions, which includes TDI as the principle indicator. The bottom line is that it continues to yield positive results, which is what its all about, My breakdown this week has been the following. 14 trades (various t/fs) 10 wins booked +360 4 still in play (2 are currently up and 2 are currently down for net -35). The majority of winners have been lightly traded thus far to prove its consistency, and I'm obviously delighted with the results...
Landline,

That is exactly the attitude to have! Go for it
Keep in touch & let us know how it's going.
I love England, by the way. Someday I hope to visit their.
sj
  • #47,457
  • Dec 20, 2014 11:47pm Dec 20, 2014 11:47pm
Hello Everyone

As Landline I will reach 2 months with TDI and trading for that mather by the end of the year.

I did break one of the rules as not demoing for some time starting directly with a 250$ account as I'm sure knowing myself that I need an incentive to be fully motivated.

Started trading sort of "blindly" if I have a look back but following TMS's basic rules I still managed not to blow off my first account.Progressively I started to enhance my analysis slowly bringing PA movement,S&R Levels,trend direction,Common Candle Formations etc,markets overlapping,harmonics,market sentiment etc etc.

I have studied day by day this thread almost entirely and have "followed" the seniors around this thread and a big thanks for all your continuous support.

Progressively I started to enhance my analysis slowly bringing PA movement,S&R Levels,trend direction,Common Candle Formations etc,markets overlapping,harmonics,market sentiment etc etc.

I'm having green pips for each one of the latest 10 trading days and about 25% up on total equity.

Will take a brake from trading until next year as I really think I still need to study some aspects named above but nevertheless cannot wait for the next year and my trading adventure to continue.

I won't get too long with my post and will end it by wishing everyone around here happy holidays and really thanks for your continous support !

Best regards,

Copyright
  • #47,458
  • Dec 21, 2014 2:25am Dec 21, 2014 2:25am
[quote=Landline;7956815]Hi all, This is my third week with TMS using the 4 typical factors found in my charts that influence my decisions, which includes TDI as the principle indicator.



BTW what indie do you use to mark your S&R areas?
  • #47,459
  • Dec 21, 2014 5:03am Dec 21, 2014 5:03am
Hello mates, I just did a lot of backtest on major currencies, and found out that this system is awesome. i set a predifined 50:50 pips R:R and at the end of every year, it was more win than loss for example,GBPCHF 2014, 85 signals, 13 losses, 2012 EURUSD u had 51 signals and only 13 losses. in 2014, AUDUSD 65 signals 19 losses, 2014 GBPJPY 50 signals 8 losses, 2014 USDCAD 89 signals, 23 losses. note that i only considered H4 and london session. Hope other will test it and confirm my claims. Enjoy all
  • #47,460
  • Dec 21, 2014 5:27am Dec 21, 2014 5:27am
Quoting MrAussieFX
Hi Everyone, Just did my EA (daily) backtesting on simulator and was able to record it (30 mins video without audio but notes on the video for clarification). This video is basically showing our state of mind as trader while trading, the questions that arise when we take a trade, what happens if we continuously monitor our trade rather than let it run and do its thing and look at it after every candle close. 1. What happens when we take a trade in support/resistance area 2. Are we just looking at the PA and not following the TDI confirmation 3....
This is great! Thanks heaps for the time and effort MrAussieFX!!!
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