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Monitor for 'Trading Made Simple' system 565 replies

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

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Trading Made Simple

  • #47,961
  • Dec 30, 2014 8:32pm Dec 30, 2014 8:32pm
Quoting griffinssoul
{quote} [SJ would know this answer to the first part - my guess is that the standard setting is shift = 1 ???] Normally all indis are related to price (be it Close, Open... OHLC) even the ones that project into the future like parts of Ichimoku - for TDI this is through the RSI [there are various versions of TDI but the idea is the same] - even though it uses averages of RSI, RSI itself is found from price... not sure if this answers your question? RSI is an osc so it will show over-sold/bought zones in comparison to PA - this may be what you are...
SteadyRandy,

The (pac) price action channel settings from Dean Malone is:

5 smoothed high, shift 1
5 smoothed low, shift 1

sj
  • #47,962
  • Dec 30, 2014 8:36pm Dec 30, 2014 8:36pm
Quoting mary4x
{quote} Was that around 10:00 p.m. Pacific time?
Mary,

I put in my trades at 11:00 p.m. (Mountain Standard Time) or
10:00 p.m. (Pacific Standard Time).

It's the last 4 hour candle before the L/O open at 1:00 a.m.

sj
  • #47,963
  • Dec 30, 2014 8:40pm Dec 30, 2014 8:40pm
Waiting for GBPUSD 4H & 1H to be align with Daily Down trend...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 47 KB
Click to Enlarge Name: GBPUSDH1.png Size: 43 KB
  • #47,964
  • Dec 30, 2014 8:42pm Dec 30, 2014 8:42pm
Quoting sknight1
{quote} SJ, I would LOVE to see more of these kinds of posts from you. I'm an hour ahead of you (central standard time), stayed awake for LO, didn't go to sleep until almost 5am my time, and still walked away with zero pips. Am currently in my mid-40's and am already "too old" for such antics. Posts like yours are very inspirational.
Sknight,

Been their & done that.
I'll try...the 4 hour & daily charts will work perfect for you.
Practice & get used to the 4 hour chart...staying up all night
get's pretty crazy after awhile
sj
  • #47,965
  • Dec 30, 2014 8:49pm Dec 30, 2014 8:49pm
Quoting montego
Hi everyone Merry Christmas and a Happy new year to all, and i hope your all doing well, been reading the thread from the beginning, when Big E Started it, but its too long to read from the start and so much has changed since the thread was started, can anyone point me to a post or page that explains the rules used by most of you at this present time? also not essential at this point but if you also know where to get the template and or indicators that would be great, many thanks Jon
Montego,

Nice meeting you & welcome to Tms.

See post # 47970 for the level's indicator (use dsr & asr).
See post # 47971 for the pac settings.
Use ema/close 30,35,40,45,50,55,60 for long term guppy settings.
Use apb (average price bars).
Use the tdi indicator.

Your good to go...read, practice & have fun

sj
  • #47,966
  • Dec 30, 2014 8:55pm Dec 30, 2014 8:55pm
The other indicators that I use is the Tdi & Apb & clock.
You have everything that I use...

sj
Attached File(s)
File Type: ex4 Synergy_Pro_TDI.ex4   14 KB | 516 downloads
File Type: ex4 Synergy_Pro_APB.ex4   7 KB | 454 downloads
File Type: mq4 b-clock.mq4   2 KB | 518 downloads
  • #47,967
  • Dec 30, 2014 9:03pm Dec 30, 2014 9:03pm
Your charts should look something like this...
The difference between these 2 charts are the different s/r level indicators.
I also put in the 200 ema for long term trend.

Hope this helps you!
sj
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 74 KB
Click to Enlarge Name: GBPUSDH4.png Size: 75 KB
  • #47,968
  • Dec 30, 2014 9:15pm Dec 30, 2014 9:15pm
Quoting snarlyjack
{quote} Sknight, Been their & done that. I'll try...the 4 hour & daily charts will work perfect for you. Practice & get used to the 4 hour chart...staying up all night get's pretty crazy after awhile sj

Hey SJ,

I've tried the 4H charts only to be "wrong" on the direction of PA and then I feel as though I've just wasted days worth of time only to be stopped out. And that's to say nothing for the increased stop loss that's required. As for the daily charts, my account isn't large enough to trade the daily charts with the required stop loss and actually grow the account by any meaningful dollar amount.
  • #47,969
  • Dec 30, 2014 9:18pm Dec 30, 2014 9:18pm
Quoting griffinssoul
...SJ would know this answer to the first part - my guess is that the standard setting is shift = 1 ???...
I noticed that he said Dean Malone uses shift=1, but I thought SJ said he uses shift=2 and in reviewing some of his previous posts, I even found shift=3 mentioned
Quoting griffinssoul
...Normally all indis are related to price (be it Close, Open... OHLC) even the ones that project into the future like parts of Ichimoku - for TDI this is through the RSI [there are various versions of TDI but the idea is the same] - even though it uses averages of RSI, RSI itself is found from price... not sure if this answers your question?
Let me post a graphic from my trading platform. It is not MT, so it will look a little different:
Attached Image (click to enlarge)
Click to Enlarge Name: 20141230a.jpg Size: 79 KB

The top TDI is associated with the price structure of the HA candles, the bottom TDI with the price structure of the OHLC candles. Because some of the internal price structure of the HA candle is derived, the structure is slightly different. I did a comparison of these two forms on a graph where the TMS trader was using both HA and OHLC, similar to my chart. The structure of my TDI appeared to conform to the TMS post when it was associated with the OHLC structure. It may be the MT indicators calculate TDI directly off of price inputs rather than from the candles.
Sorry my question was not well-formed and thank you for the gracious response.
  • #47,970
  • Dec 30, 2014 9:19pm Dec 30, 2014 9:19pm
Quoting erelation
Waiting for GBPUSD 4H & 1H to be align with Daily Down trend... {image} {image}
Erelation,

Your dialed in & on your way
Congrat's.
sj
  • #47,971
  • Dec 30, 2014 9:23pm Dec 30, 2014 9:23pm
Quoting sknight1
{quote} Hey SJ, I've tried the 4H charts only to be "wrong" on the direction of PA and then I feel as though I've just wasted days worth of time only to be stopped out. And that's to say nothing for the increased stop loss that's required. As for the daily charts, my account isn't large enough to trade the daily charts with the required stop loss and actually grow the account by any meaningful dollar amount.
Sknight,

Practice, practice & practice...
Soon you'll see the moves in your mind's eye!
For the daily chart put your stop just above/below the
prior daily candle. I've only been stopped out a couple
of times...

sj
  • #47,972
  • Dec 30, 2014 9:28pm Dec 30, 2014 9:28pm
Quoting steadyrandy
{quote} I noticed that he said Dean Malone uses shift=1, but I thought SJ said he uses shift=2 and in reviewing some of his previous posts, I even found shift=3 mentioned {quote} Let me post a graphic from my trading platform. It is not MT, so it will look a little different: {image} The top TDI is associated with the price structure of the HA candles, the bottom TDI with the price structure of the OHLC candles. Because some of the internal price structure of the HA candle is derived, the structure is slightly different. I did a comparison of...
Steadyrandy,

Use shift 1.
I don't know where shift 2 & 3 came from?
Use Dean Malones Apb instead of HA candles (they are just a bit different).
Use the indicators (tdi, apb, etc. that I just posted).
sj
  • #47,973
  • Dec 30, 2014 9:29pm Dec 30, 2014 9:29pm
Quoting erelation
Waiting for GBPUSD 4H & 1H to be align with Daily Down trend... {image} {image}
erelation;

What indi do you use to see the alignment for tfs? thx

yao
Attached Image
  • #47,974
  • Dec 30, 2014 9:32pm Dec 30, 2014 9:32pm
Quoting snarlyjack
{quote} Sknight, Practice, practice & practice... Soon you'll see the moves in your mind's eye! For the daily chart put your stop just above/below the prior daily candle. I've only been stopped out a couple of times... sj

Again, the size of the 4h / daily candle is typically so big that I could barely trade for $1 / pip which essentially does nothing in terms of growing my account.
  • #47,975
  • Dec 30, 2014 9:39pm Dec 30, 2014 9:39pm
Quoting sknight1
{quote} Again, the size of the 4h / daily candle is typically so big that I could barely trade for $1 / pip which essentially does nothing in terms of growing my account.
Sknight,

It takes awhile to build up a account. Start small & build it up...
Eelfranz traded standard lot's but it took him a long time before
he was at that stage. It's a time process...

sj
  • #47,976
  • Dec 30, 2014 9:44pm Dec 30, 2014 9:44pm
Quoting snarlyjack
{quote} sknight, it takes awhile to build up a account. Start small & build it up... Eelfranz traded standard lot's but it took him a long time before he was at that stage. It's a time process... Sj

hello snarlyjack do you often trade with the guppy trend for example if price is about guppy in the day chart and in 4 hrs and 1hr price is below the guppy.which direction will you trade in.
how do you trade when price is within the guppy the is price is inside
  • #47,977
  • Dec 30, 2014 10:01pm Dec 30, 2014 10:01pm
Quoting FXyao
{quote} erelation; What indi do you use to see the alignment for tfs? thx yao {image}
FXyao,

TMS 10EMA Dashboard.
Attached File(s)
File Type: ex4 TMS 10EMA Dashboard.ex4   10 KB | 408 downloads
  • #47,978
  • Dec 30, 2014 10:25pm Dec 30, 2014 10:25pm
Quoting erelation
{quote} FXyao, TMS 10EMA Dashboard. {file}
very fast service, thank u very much. it is very helpful. erelation.
  • #47,979
  • Dec 30, 2014 10:40pm Dec 30, 2014 10:40pm
Quoting snarlyjack
{quote} Sknight, Practice, practice & practice... Soon you'll see the moves in your mind's eye! For the daily chart put your stop just above/below the prior daily candle. I've only been stopped out a couple of times... sj

Thank SJ.

Really glad and fortunate to have senior here like you offering assistance and guidance.

Wish you and your family Happy New Year.... and lots of Green pips for everyone...
  • #47,980
  • Dec 30, 2014 10:43pm Dec 30, 2014 10:43pm
Quoting toksy
{quote} hello snarlyjack do you often trade with the guppy trend for example if price is about guppy in the day chart and in 4 hrs and 1hr price is below the guppy.which direction will you trade in. how do you trade when price is within the guppy the is price is inside
Toksy,

I like to trade retracements. Which means that price is in the guppy
but heading out.

The most powerful chart is the daily, then the 4 hour, then the 1 hour.
I will try to find a chart where the daily trend is down & 4 hour trend is down (for example).
I like to keep things very clean & both charts in the same trend.

I hope I answered your question? I'm more of a "swing" trader.

sj
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