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Trading Made Simple

  • #50,501
  • Jan 20, 2015 12:31pm Jan 20, 2015 12:31pm
Quoting snarlyjack
{quote} Thanks Tanglewood. I guess I'll just have to use it on the 4 hour tf ( and lower tf's). Thanks for the information sj
Quoting wyley187
{quote} HI sj, I've been following along and loaded DOTS on my charts, I've also watched some of Deans videos...I'm super interested in this that's for sure. I know you are a 4hr/daily trader, mostly I trade 1 hr but the only thing I can see here possibly being "off" is the Tp's are pretty small? what are your thoughts?
I've been using Guppy, DOTS, Synergy and TMS all combined for little some time and I was amazed that someone pointed out DOTS here, I might have missed the initial post mentioning DOTS. However, All I can say is that DOTS with TMS is an Unbeatable TMS System. But

1. You have to be patience with the trades you take
2. TDI crosses you take

Why use DOTS with TMS ?
You don't have to clutter your chart with one more indicator but this will help you
1. Making a habit of trading away from Daily Open (Which every senior on TMS including Emmanuel recommends)
2. It will help you set your Take profits. which for some is the biggest problem. We know when to enter but we don't know where to exit or take partial profits
3. It is good for Monday's and Friday's trading (just scalp some pips on best TDI signals)
4. Trade away from Guppy, Daily open, PAC and 200 EMA

I traded GJ H1 today with DOTS+Guppy+TMS(synergy) from Australian Open to FO open as I've to leave for work at LO and had to set my take profit.
This is how it worked and you can do so on you favourite TF.

Make yourself a template for each pair and each session or the session you trade and save it. It will make it easy for u to continue ur trade from one session into another or just change the session setting in the indicator every time new session opens.

GJ H1 Australian Session
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GJ H1 Tokyo Session
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GJ H1 FO Session
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GJ H1 LO Session
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GJ H1 NY Session
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Kindest Regards
  • #50,502
  • Jan 20, 2015 12:48pm Jan 20, 2015 12:48pm
Quoting MrAussieFX
{quote} {quote} I've been using Guppy, DOTS, Synergy and TMS all combined for little some time and I was amazed that someone pointed out DOTS here, I might have missed the initial post mentioning DOTS. However, All I can say is that DOTS with TMS is an Unbeatable TMS System. But 1. You have to be patience with the trades you take 2. TDI crosses you take Why use DOTS with TMS ? You don't have to clutter your chart with one more indicator but this will help you 1. Making a habit of trading away from Daily Open (Which every senior on TMS including...
Brilliant explanation and charts MrAussieFx. I was experimenting with this at the end of last year and it was proving successfull when I applied it correctly as you describe. I suspect the profit targets are quite conservative and great if you want to set and walk away. If you are managing the trade there is nothing stopping you tracking momentum and levels.
Ray
  • #50,503
  • Jan 20, 2015 12:51pm Jan 20, 2015 12:51pm
Can anyone explain a little more the DOTS indicator?
I still don't get it. Why is important to change the session opening and how to do it? And what's exactly the meaning of every line?
I searched for a PDF on this, but I didn't find it. Thank you very much
Had to be me. Someone else might have gotten it wrong.
  • #50,504
  • Jan 20, 2015 1:01pm Jan 20, 2015 1:01pm
Quoting MrAussieFX
{quote} {quote} I've been using Guppy, DOTS, Synergy and TMS all combined for little some time and I was amazed that someone pointed out DOTS here, I might have missed the initial post mentioning DOTS. However, All I can say is that DOTS with TMS is an Unbeatable TMS System. But 1. You have to be patience with the trades you take 2. TDI crosses you take Why use DOTS with TMS ? You don't have to clutter your chart with one more indicator but this will help you 1. Making a habit of trading away from Daily Open (Which every senior on TMS including...
MrAussieFx,

No wonder I like you so much...we trade exactly the same way
Great job in posting your charts & your analysis!
I have a funny feeling that 2015 could be a great year...
Thank you for all your help!
sj
  • #50,505
  • Jan 20, 2015 1:01pm Jan 20, 2015 1:01pm
Quoting fxray
{quote} Brilliant explanation and charts MrAussieFx. I was experimenting with this at the end of last year and it was proving successfull when I applied it correctly as you describe. I suspect the profit targets are quite conservative and great if you want to set and walk away. If you are managing the trade there is nothing stopping you tracking momentum and levels. Ray
Fantastic work MrAussie many thanks.
Is the DOTs indicator in the paperclip link? I installed one but it only showed 2 lines, do you have a template for FO and LO you could share?
Thanks again for all your great work.
  • #50,506
  • Jan 20, 2015 1:03pm Jan 20, 2015 1:03pm
Quoting Sesamstrasse
{quote} That s not correct , The member goodvibration ( haha , a nice nick ) posted it here : http://www.forexfactory.com/showthre...69#post7948369 I didn t give it a long try .. but my tradebuddy Lorbax monitors it with the eye he says it works fine .. But we didn t do a longterm test for a real verification . Hope that helped Guido {file}
Sesamstrasse,

I wanted to thank you for posting the "Dots" indicator
This indicator will be of great help to all of us!
Once again thank you...
sj
  • #50,507
  • Jan 20, 2015 1:05pm Jan 20, 2015 1:05pm
Been waiting for a nice setup on the 4H charts. Today I found a nice one! EURGBP.
- Price reaching Guppies, before reaching price was rejected.
- First red bar closed below PAC.
- Stoploss above last blue bar: 40 pips (2% risk).
- Takeprofit at last swing low, and this is also just above daily S2, so big chance price would go there. Takeprofit was also 40 pips, r:r is 1:1.
- Price eventually almost reached S2, so happy that I set TP just above! Price now stalling a bit. Chance that it goes back up again.
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1014293_EURGBP_2015-01-20_19-57-19.png Size: 52 KB
  • #50,508
  • Jan 20, 2015 1:08pm Jan 20, 2015 1:08pm
Quoting MrAussieFX
{quote} {quote} I've been using Guppy, DOTS, Synergy and TMS all combined for little some time and I was amazed that someone pointed out DOTS here, I might have missed the initial post mentioning DOTS. However, All I can say is that DOTS with TMS is an Unbeatable TMS System. But 1. You have to be patience with the trades you take 2. TDI crosses you take Why use DOTS with TMS ? You don't have to clutter your chart with one more indicator but this will help you 1. Making a habit of trading away from Daily Open (Which every senior on TMS including...
Thanks for the charts, They really helped ALOT, nice clear precise instructions
  • #50,509
  • Edited 1:43pm Jan 20, 2015 1:14pm | Edited 1:43pm
MrAussieFX,

Great post explaining how to get the most out of DOT's

Note: Just be aware that a lot of retraces can and do often occur during the Asian Session....

Regards,
Cigarguy
Keep It Simple
  • #50,510
  • Jan 20, 2015 1:28pm Jan 20, 2015 1:28pm
Quoting wyley187
{quote} Is that all it takes? I tried but there is a ball and chain attached to me right now...some of you may refer to it as a "mouse"

Ironically, my mouse seems to have a wireless "chain" to my computer as well.
  • #50,511
  • Jan 20, 2015 1:37pm Jan 20, 2015 1:37pm
Quoting snarlyjack
{quote} Sesamstrasse, I wanted to thank you for posting the "Dots" indicator This indicator will be of great help to all of us! Once again thank you... sj

Thanks SJ , but the honor belongs to the member " Goodvibrations"..
I just remembered he posted it some weeks ago .
But I also like the dots to find TPīlevels .

At the moment I still don t use the DOTS ..
I have my chart as clean as possible .. and from month to month I earn more pips ..
Iīm sure I can go quickly live with it and add TMs to my daily livetrading .
That way I more have to thank you and the other " senior members " in this thread
and specially my buddies for all that great information that is neccessary to find the own way in this great system .

Guido
Risiko birgt immer auch die Chance.
  • #50,512
  • Jan 20, 2015 2:00pm Jan 20, 2015 2:00pm
Quoting snarlyjack
{quote} Cristy, Thanks for your good information! I got Dots-v3 to work & I'm watching it...very interesting. I think it could help us big time Have you been able to get it to work on the Daily charts? I've been able to get it to work on all the time frames except for the daily... Imho, levels are super, super, super important! Thanks for all your help. sj

Hi SJ,

So, DOTS = Daily Open Trading System, this is one of the aspects related to this "trading system", this is the answer way it's working only in intra-day trading and beyond H4 it's not working. This is against some of the principles from what initially this tread it's saying from the beginning which it's contrasted to be used on H1, H4 and D1.

So, I'm using this system on M15 and M30 (mostly...), and I'm looking for good set-ups based on TDI, MTF analysis in H1 and H4 time frames. So I'm starting at LO actually at Frankfurt Open and see how the DOTS stands against the ADR first of all if there is length to move (I'll have to look how to integrate some of the wisdom from Emmanuel related to daily, and weakly open and so on...), if set-ups from TDI and MTF show continuation from Asia or revers, if I'm in between buy and sell lines (no trade zone...), if the general trend is in one direction then in most of the case it will continue and will activate one of buy/sell and then I can easily use a multi lot entries: 2 lots with DOTS 2 take profits or 3 lots with DOTS take profits + the space to the ADR limit which in most cases it's reached on daily bases, if there is space for the cross to move.

I start to give up on Guppy lately on M15 and M30, and leave them only for higher TF to give overall trends. I switched to sup/dem indi which in combination with Synergy ADR highlight much better the levels. For higher TF the weekly pivots are very very good (also compassfx has a pivot indi, i'll give it to the you all if you want).
Anyway if I have confluence of DOTS level, ADR levels, trend and all of this backed up by TDI and MTF the result it's a killer trade 101% success... and I'm testing this for 3 weeks already and the rate of success it's above 80%. Indeed I have wrong trades but the one that I do by using the above system are all wins.
For example, look to what happen today to GU, GJ and ECad those where the trades done by me today based on this approach.

The thing is, it's a intra-day system and it's hard sometime because I'm at work, and you are exposed to the effects of news!. About this subject I notice on the crosses that I'm working with it, the market "is telling" me in which direction will move, the APB on M15 and M30 align so nicely and continue giving you the momentum; this was happening in most of cases this weeks.

So I'm back to basics and wanted to study the system, again, to find a possibility to adapt it to my usage, for higher time frames as it is meant to be used.
I'll keep updating.

Thx,
Cris
  • #50,513
  • Jan 20, 2015 2:39pm Jan 20, 2015 2:39pm
Quoting mordin
Can anyone explain a little more the DOTS indicator? I still don't get it. Why is important to change the session opening and how to do it? And what's exactly the meaning of every line? I searched for a PDF on this, but I didn't find it. Thank you very much
I forgot where I downloaded these from.
Attached File(s)
File Type: pdf DOTS_Guppy_QuickStart.pdf   1.4 MB | 6,584 downloads

Attached File(s)
File Type: pdf DOTS_User_Manual_v4.02.pdf   2.1 MB | 8,115 downloads
  • #50,514
  • Jan 20, 2015 2:45pm Jan 20, 2015 2:45pm
Quoting pax
{quote} I forgot where I downloaded this from. {image}
Thanks Pax and welcome to Tms
I will read the Dot's/Guppy pdf file.
Thanks for all your help & once again welcome to Tms.
sj
  • #50,515
  • Jan 20, 2015 3:12pm Jan 20, 2015 3:12pm
Quoting MrAussieFX
{quote} {quote} I've been using Guppy, DOTS, Synergy and TMS all combined for little some time and I was amazed that someone pointed out DOTS here, I might have missed the initial post mentioning DOTS. However, All I can say is that DOTS with TMS is an Unbeatable TMS System. ...Kindest Regards
I have to say MrAussie, that is one of the best, simplest, concise lessons I have had in a long tome.

Cheers

Alan
  • #50,516
  • Jan 20, 2015 3:19pm Jan 20, 2015 3:19pm
Since we are discussing about levels, and we end-up discussing about DOTS (I remind to look at this like a system, not just a simple indi...) so after long study nights and watching Dean videos, I found this old document about "how to choose levels to entry and exit, specially the exit..."

Attached File(s)
File Type: pdf Trade_Targets.pdf   995 KB | 1,221 downloads


Thx,
Cristy
  • #50,517
  • Jan 20, 2015 3:35pm Jan 20, 2015 3:35pm
I love the way Mr.AussiFx present the trade. This is what I did using the TMS "system" + DOTS from FO until my end work day...

Attached Image (click to enlarge)
Click to Enlarge Name: GJ_20ian.jpg Size: 435 KB


Thx,
Cristy
  • #50,518
  • Jan 20, 2015 3:39pm Jan 20, 2015 3:39pm
Quoting cristy1980
I love the way Mr.AussiFx present the trade. This is what I did using the TMS "system" + DOTS from FO until my end work day... {image} Thx, Cristy
In addition to above, a trigger for me was the fact that in H4 there is a bullish divergence that has be created during past day, and today toke place. The graph is H1.

Thx,
Cris
  • #50,519
  • Jan 20, 2015 3:53pm Jan 20, 2015 3:53pm
Quoting snarlyjack
{quote} Csethna, I'm watching the usd/jpy daily for a possible long. It is showing a large bullish pin-bar & has retraced into the guppy's. I'm watching for a set-up apb... sj {image}
Good afternoon SJ,

Could you point out the pinbar you are referring to? I am just learning about the apb candles. I have used line charts only up to this point so am in the learning curve. What a great system this is.

Last night (PST)... I'm in WA state, I look 4 trades last night at 10pm PST based on the basic tms rules and this:

GY-105 + UC-75+ EG-70 + UJ-16 = 311 pips total. How did that happen? Never has before and I have been trading for years. Still learning...
  • #50,520
  • Jan 20, 2015 3:57pm Jan 20, 2015 3:57pm
Rupasi, congratulations! When did you exit your trades? Did you check your positions during the night?
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