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Trading Made Simple

  • #48,861
  • Jan 7, 2015 1:47am Jan 7, 2015 1:47am
Quoting griffinssoul
{quote} great trades - ummm kind of hard to read your charts... but they look good cause its moving down right?

Thx Griff.... the graphs were a little crowded due to the fact that a put (for test of course) the DOTS levels from Dean Malone system; for the situation of yesterday the levels were very accurate, so for someone with no exp in the business or lazy , the system could be very fantastic. The problem as I see it, the system it''s good for fast time frames, due to very narrow TP levels, gives you around of 30 - 40pips based on the volatility of the cross.

So as an analyse, I used MTF (all shown down move so sell!!) the TDI MBL in Sell zone, close to 32, APB away of "the yellow brick road" and good momentum due to new maybe (I was affected because I was in 1H...). The only thing that I was doing wrong although I know it, I could put the TP more... I know both cross tend to move at least 100 pips each (GJ could get to 200pips), so... I think I was afraid of the ADR was close to the min value, but till the day end I saw that went way way below the ADR, so I know it's not a rule to fully obey .

So +35 on EJ and +65 on GJ.
  • #48,862
  • Jan 7, 2015 2:00am Jan 7, 2015 2:00am
Quoting TheScorpS
{quote} Hang in there buddy u certainly teaching others even with u r naked chart. Nice to hear u r recovering

Thanks Scorps. Nice to know that I haven't offended anyone with my naked charts. I think the most important part of any trading method / style is to find one that suits each individual. Which is why I don't discredit TMS, TDI, APB, or any combination thereof. Just because they may not work for me, doesn't mean they won't work for someone else.
  • #48,863
  • Jan 7, 2015 2:04am Jan 7, 2015 2:04am
Just wanted to drop a Hi to the community.

I just freshly walked into fx few days ago, learning terms used in fx, such as pips and leverage and stuff. Slowly though. And found FF and TMS is the 1st thread I read. Sounds very interesting and simple, theoretically. Understd that practice makes perfect for TMS. So start reading technique on TMS and decided to practice with a micro account and trade very very very small lot. Cuz practice in demo, the psychology is different. So decided to train using small small amount of real money though. This is my 1st analysis and 1st trade in life, correct me if I'm wrong cuz I'm more than happy to be able to learn from pros here.

The trade: - a H4 USD/JP, TDI shows signal by green crossing red, about 2o'clock direction, near the 32 baseline, HA candle turned from red to green but bar is small, so I waited 2nd bar to confirm the direction. It's green. I long it and so far is winning. I'm winning so far, with a profit of $0.20 (20 pips i think, please don't laugh at me as I wanted to train using real money but could not afford to lose too much, lolzz), but not sure if my analysis and entry point using TMS is right.

Thank you all in advance and happy greening the pips!
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  • #48,864
  • Jan 7, 2015 2:07am Jan 7, 2015 2:07am
Is the H1 a valid entry? From the H4, I see consolidation and that will be consider a NO-GO?
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  • #48,865
  • Jan 7, 2015 2:17am Jan 7, 2015 2:17am
Quoting snarlyjack
{quote} Dan78, Nice meeting you & welcome to Tms. I'm convinced that the market trades from level to level. I use levels as my targets & jumping off points. I'll watch your levels & see how they work! Thanks for sharing & welcome to Tms. sj
hi, sj:
I have a question regarding levels, hope u don't mind since we are using the same chart template(APB, PAC...):
"You said 'market moves from level to level', so what do you do when price does get to these levels? How do you tell if they will hold or not?"
THX for your time and help!
  • #48,866
  • Jan 7, 2015 2:22am Jan 7, 2015 2:22am
Quoting sknight1
{quote} Thanks Scorps. Nice to know that I haven't offended anyone with my naked charts. I think the most important part of any trading method / style is to find one that suits each individual. Which is why I don't discredit TMS, TDI, APB, or any combination thereof. Just because they may not work for me, doesn't mean they won't work for someone else.
sknight, what is your criteria for entering trades? are you using candlestick patterns?

I notice you have a volume indicator at the bottom of your chart do you look at rising or falling vol?
  • #48,867
  • Jan 7, 2015 2:33am Jan 7, 2015 2:33am
Quoting usdtrader
{quote} sknight, what is your criteria for entering trades? are you using candlestick patterns? I notice you have a volume indicator at the bottom of your chart do you look at rising or falling vol?

Exactly.... candlestick patterns, and only at areas of support and resistance, the more major the S&R level (ie ~ daily, 4H), the more likely you are to find "big money players" placing their bets. The volume indicator (standard MT4) just gives me an idea of the relationship between the number of order vs. the size of the candle. Ultimately I'm trading price action, and not an indicator.
  • #48,868
  • Jan 7, 2015 3:22am Jan 7, 2015 3:22am
seem quiet...hope we r not too serious staring at candles. I got my hands on 3 wrong entries so far
Appreciation is the key to wealth and happiness
  • #48,869
  • Jan 7, 2015 3:23am Jan 7, 2015 3:23am
Quoting likica
seem quiet...hope we r not too serious staring at candles
I'm in a short AU trade from Asian session still. nothing on LO. Maybe after the news in 40 minutes
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,870
  • Jan 7, 2015 3:28am Jan 7, 2015 3:28am
Quoting birdnest
Is the H1 a valid entry? From the H4, I see consolidation and that will be consider a NO-GO? {image}
I m in that NO-GO thing from SO
Appreciation is the key to wealth and happiness
  • #48,871
  • Jan 7, 2015 3:28am Jan 7, 2015 3:28am
Quoting likica
seem quiet...hope we r not too serious staring at candles. I got my hands on 3 wrong entries so far

Now that Tokyo is closed, any thing can happen ....

Has anyone seen that the xxxJPY pair has made it session high yet?

ADR high hit?

Not forgetting FOMC tonight in NY.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,872
  • Jan 7, 2015 3:28am Jan 7, 2015 3:28am
Just found this one. short. Putting stops at break even to avoid news in 30 minutes.
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Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,873
  • Jan 7, 2015 3:30am Jan 7, 2015 3:30am
Quoting likica
{quote} I m in that NO-GO thing from SO

I'm not saying a word. lol
  • #48,874
  • Jan 7, 2015 3:30am Jan 7, 2015 3:30am
Quoting redcloudxlll
Just found this one. short. Putting stops at break even to avoid news in 30 minutes. {image}
Nice angle
Appreciation is the key to wealth and happiness
  • #48,875
  • Jan 7, 2015 3:30am Jan 7, 2015 3:30am
Quoting redcloudxlll
Just found this one. short. Putting stops at break even to avoid news in 30 minutes. {image}

that looks good.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,876
  • Jan 7, 2015 3:36am Jan 7, 2015 3:36am
i bought GJ at 180.45 and got stop out 35 pip
  • #48,877
  • Jan 7, 2015 3:40am Jan 7, 2015 3:40am
Oil s shooting up for something
lucky me done with my +45green from the short earlier
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Appreciation is the key to wealth and happiness
  • #48,878
  • Jan 7, 2015 3:43am Jan 7, 2015 3:43am
Quoting likica
Oil s shooting up for something lucky me done with my +45green from the short earlier {image}
Nice!! it's good to see Green. Makes me want to trade Oil too!!
Positive anything is better than negative thinking.- Elbert Hubbard
  • #48,879
  • Jan 7, 2015 4:02am Jan 7, 2015 4:02am
To snarlyjack,

You suggested to read all of you posts from middle of 10.2014.....and
I have read most of the posts/pages from page 2100 to 2200 and i have learned the following (ofc i need to practice):

- entry levels
- exit levels
- trading hours ( you said there, that you trade 4h and daily, bc london is opening at 1am local time, but i live in Europe and can trade london as it opens, its 10AM my time i'm gmt +2) . Should i trade 1 hour also ?
- always check h4 and daily when i trade h1
- if divergent charts always "trust" bigger chart h1<h4<D.....
- always start with daily setup checks and move down to h4, h1....

My mt4 setup:
Synergy pro TDI indicator with alerts on
Fibopiv.v2 - r and s
Clock v1.2 bar time
pipsometer decimal
Synergy APB replacing line graph



Questions:
- What hour should i start trading (i can start anytime, id prefer between this interval 06:00-24:00 , gmt +2, london opens at 10am local)
- What volumes should i trade?. 10.000 usd balance
- What sl to put in pips ?

Please any other tips on how to setup my chart or general tips are welcomed as i am a begginer.

Thank you ( and thanks to all that post here so that we can learn)

(uploaded is my mt4 setup)
Attached Image (click to enlarge)
Click to Enlarge Name: setup.png Size: 73 KB
If you want to make God laugh, tell him about your plans. Woody Allen
  • #48,880
  • Jan 7, 2015 4:43am Jan 7, 2015 4:43am
Quoting emmanuel7788
{quote} BTW, forgot to mention that Snagit is not a free product but it has full features. A strip down basic is Jing. same website. the BRN is know as BN Levels v1.02. Let me look for that in the attachmensts PaperClip. regards,
Greenshot is the best! And free as in beer.
:: everything is awesome ::
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