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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple

  • #47,581
  • Dec 23, 2014 4:33am Dec 23, 2014 4:33am
Quoting redcloudxlll
Hey Guys. This will be my last trade this year. Until the new year do to the holidays. I'm super excited for this thread and continuing to learn more about tms and trading. Happy Trading!!!!! Merry Christmas and Happy New years to all of you. {image}
nice +100 Red
Appreciation is the key to wealth and happiness
  • #47,582
  • Dec 23, 2014 4:35am Dec 23, 2014 4:35am
Quoting redcloudxlll
Hey Guys. This will be my last trade this year. Until the new year do to the holidays. I'm super excited for this thread and continuing to learn more about tms and trading. Happy Trading!!!!! Merry Christmas and Happy New years to all of you. {image}
Great trade redcloudxlll, but how is it 100pips? Is that pip-meter thing working right? My chart might be different i guess???
  • #47,583
  • Dec 23, 2014 4:39am Dec 23, 2014 4:39am
Quoting griffinssoul
{quote} Great trade redcloudxlll, but how is it 100pips? Is that pip-meter thing working right? My chart might be different i guess???
I have 3 trades opened at the same time. one I entered incorrectly went against me and on the way back down I opened 2 trades. Now I'm breaking even on the first and profits on the other 2.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #47,584
  • Dec 23, 2014 4:40am Dec 23, 2014 4:40am
Quoting adikashyap
{quote} Thanks Emm .... You keep adding NEW dimensions to a trading thinking process ....

Hi,

Your are welcome.

eelfranz taught us TMS can be traded in all timeframes.
X-Man trades his S3 on H1.
LE1 trades M15 using his 10EMA/50EMA/200EMA and 800EMA.
I learned from them all over past many years here in FF.

my approach remains the same, taking a view from top down and knowing when market is in consolidation, I either wait for the next breakout or go down to lower TF and trade.

Look at MN and see how the market traded around 0.8100
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 23 Dec MN view.png Size: 28 KB

Then on D chart we see a Master Candle which, to me is consolidation until I see the next move.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 23 Dec D view.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,585
  • Dec 23, 2014 4:41am Dec 23, 2014 4:41am
Quoting redcloudxlll
{quote} I have 3 trades opened at the same time. one I entered incorrectly went against me and on the way back down I opened 2 trades. Now I'm breaking even on the first and profits on the other 2.
My bad redcloudxlll - i just spotted those extra green entry lines and the 15pip handles you have on your chart... so that pip-meter thing just adds everything up, grand total style...
  • #47,586
  • Dec 23, 2014 4:42am Dec 23, 2014 4:42am
Short EURNZD
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4.png Size: 46 KB
  • #47,587
  • Dec 23, 2014 4:52am Dec 23, 2014 4:52am
Hi Folks,

Here is something special for you all in our growing TMS family.

Save the indicator 'TMS 2015.ex4' in your MT4 folder MT4\mql4\indicators.

Save the template 'TMS 2015.tpl' in your template folder, \MT4\templates.

then restart MT4 and open a new chart and apply that template 'TMS 2015'.

Enjoy!

Seasons Greetings.
Attached Image (click to enlarge)
Click to Enlarge Name: TMS 2015.png Size: 47 KB
Attached File(s)
File Type: ex4 TMS 2015.ex4   16 KB | 1,233 downloads
File Type: tpl TMS 2015.tpl   7 KB | 1,211 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,588
  • Dec 23, 2014 4:59am Dec 23, 2014 4:59am
Quoting emmanuel7788
{quote} Hi, Your are welcome. eelfranz taught us TMS can be traded in all timeframes. X-Man trades his S3 on H1. LE1 trades M15 using his 10EMA/50EMA/200EMA and 800EMA. I learned from them all over past many years here in FF. my approach remains the same, taking a view from top down and knowing when market is in consolidation, I either wait for the next breakout or go down to lower TF and trade. Look at MN and see how the market traded around 0.8100 {image} Then on D chart we see a Master Candle which, to me is consolidation until I see the next...
Thanks Emm ... You are always there ...
How do we define / identify MC in different TF's? Will MC remain same, irrespective of TF?
How do we Identify the AB leg of any ABCD movement?
With few posts / charts of TSS, I'm trying to understand BC and CD ...
But again, realizing / Identifying AB leg seems to be prerogative of all these legs ....
  • #47,589
  • Dec 23, 2014 5:05am Dec 23, 2014 5:05am
Will it go all the way ... to 100 TP???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 51 KB
  • #47,590
  • Dec 23, 2014 5:07am Dec 23, 2014 5:07am
Friends, can we use the holidays for backtesting and posting of the result of our test here. it will help us to build confidence to trade in 2015. Again, if there is a skype group to discuss TMS please i would like to join. if non exist, i will be glad to creat one. it helps a lot. BACKTEST in XMAS
  • #47,591
  • Dec 23, 2014 5:11am Dec 23, 2014 5:11am
Quoting adikashyap
Will it go all the way ... to 100 TP??? {image}

there is Friday 19 dec low, and with BRN 1.9100 below and 200EMA not too far away, go for it.... good number of pips for a sideways market. I love this pair.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,592
  • Dec 23, 2014 5:11am Dec 23, 2014 5:11am
Quoting adikashyap
Will it go all the way ... to 100 TP??? {image}
I took my profit out already. Happy trading!!! remember don't get too greedy.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #47,593
  • Dec 23, 2014 5:18am Dec 23, 2014 5:18am
Quoting adikashyap
Will it go all the way ... to 100 TP??? {image}
TP moved to 200 (just above previous week low) .... Trailing by 20 pips ...
  • #47,594
  • Dec 23, 2014 5:35am Dec 23, 2014 5:35am
Quoting adikashyap
{quote} TP moved to 200 (just above previous week low) .... Trailing by 20 pips ...

20 pips trailing stop for this pair?

and target last week low? that's greed!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD H1 23 DEC.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,595
  • Dec 23, 2014 5:37am Dec 23, 2014 5:37am
Quoting emmanuel7788
{quote} 20 pips trailing stop for this pair? and target last week low? that's greed! {image}
With my broker, That is the least number of pips that I can trial this pair .....
I'm still learning Emm ... Bear with me ..... I'm observing both BRN ... yet to come near 200 MA
  • #47,596
  • Dec 23, 2014 5:48am Dec 23, 2014 5:48am
Quoting griffinssoul
{quote}Actually, GN looking great - possible break-out short 4H descending triangle (almost) with 1H cross - anyone take a gamble?
I am in from 2.01379 with a trailing stop set right now at 2.00973 (+40). TP is set for 2.0000.
  • #47,597
  • Dec 23, 2014 6:00am Dec 23, 2014 6:00am
Quoting michael_k
{quote} I am in from 2.01379 with a trailing stop set right now at 2.00973 (+40). TP is set for 2.0000.
Well done michael_k!!! I was just looking @ the D1 on this pair thinking ... I should have ... LOL! You are punching all lights red... go for it and watch that BRN - its a big big (no typo) one!
  • #47,598
  • Dec 23, 2014 6:20am Dec 23, 2014 6:20am
Quoting emmanuel7788
{quote} you can always scalp M15 around BRN and get 10 to 20 pips. ..just look where the 50EMA and 200EMA are on M15 chart. Edit: add chart to explain what I mean by M15 scalping using TMS basics. {image}
Same rules, different timeframe... that's TMS.

Entry:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 23 Dec M15 scalping.png Size: 37 KB

Exit:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 23 Dec M15 scalping eixt.png Size: 27 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,599
  • Dec 23, 2014 6:36am Dec 23, 2014 6:36am
Quoting snarlyjack
{quote} Erelation, Were in the same trade with the gbp/usd Let's watch it play out & see what happens... I don't trade the usd/cad but it looks good. They look like good trades to me...let them run. sj
Good morning everyone,

Erelation,

Here is a picture of our trade on the gbp/usd from yesterday.
Just thought I'd post it up so everyone could analyze the trade.
Worked out pretty good I thought...
sj
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 74 KB
  • #47,600
  • Dec 23, 2014 6:57am Dec 23, 2014 6:57am
Quoting wyley187
good evening everyone. I am posting this chart for a couple reasons and maybe I can get some feedback....I took this gbp/cad short earlier today, I think my entry was far too aggresive and I actually should have waited per TMS rules for the actual 4 hr crossover, but I also based it on the 4 hr pin a few bars back, a checkmark reversal of tdi and a pullback from resistance on the bar I took the trade on, I thought the R;R was good since I only had 19 pips to the high of the day, it is currently still running with the SL moved to 181.27. winning...
Wyley,

You entered in a no trade zone. Consolidation & chop.
It is really hard to determine where the market is going to go
in these conditions. It would be better to find another trade
until price exposes itself to us...
sj
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