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Trading Made Simple

  • #50,541
  • Jan 20, 2015 6:22pm Jan 20, 2015 6:22pm
Hi Folks,

Here are some practice charts to illustrate how I view my charts using the Day candle and trade on timeframes like H1 and H4.
Remember, the Open High Low and Close of Prev D and Prev W can be use as 'natural support & resistance' too. You need to look at each chart and see where previous price swing were and if there is confluence with these OHLC and also the BRN.
We look for high probability types of setups and trade them with money management. Some setups will fail and that is why we must use stops to protect our trading capital and accept some losses. Keep losses small, but know how to 'let profits run' and recover small losses. Practice on demo account in l;ive market conditions to test your trading skills and also your money management and risk management strategy. Don't over emphasize on technical stuff like TDI crossing, TDI angle, etc. and miss out what the real price is telling us. Observe the price behaviour and its relation its price momentum shown by the TDI. We want both to be in synergy when we take a trade setup.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 21 Jan H1 practice.png Size: 75 KB


Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 21 Jan H1 example.png Size: 65 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 21 Jan H4 view.png Size: 73 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,542
  • Jan 20, 2015 6:23pm Jan 20, 2015 6:23pm
Quoting nods80
{quote} You need to allow dll imports. Tools/Options/Expert advisers also make sure you put all of the files in the right folders. Library, Templates and Indicators.
And are u able to see levels like in the previous version?? All I know is that the installer does some registry checks and sets some paths to the dll's...the libraries; but in order to do this you need to go through all the install process, at least this is what I know.
It was't enough just to put the dll in the right place.. Does at your end thing look different?

Attached Image (click to enlarge)
Click to Enlarge Name: 1-21-2015 2-15-33 AM.jpg Size: 212 KB


Thx,
Cris
  • #50,543
  • Jan 20, 2015 6:33pm Jan 20, 2015 6:33pm
boy oh boy, begged 240 pips long on gbp/jpy. entered quite late on H1 but trendlines and fibo seemed well aligned. i was thinking its now or never. take profit on resistance. worth it. TMS rocks.
  • #50,544
  • Jan 20, 2015 6:39pm Jan 20, 2015 6:39pm
Quoting csethna
{quote} Great example,thanks for that. Now what I am confused about is, do we enter after the setup candle close. Would entering at the start of setup candle be termed as aggresive or stupid.

Hi csethna,

It is always important to wait for the setup candle to close outside of the PAC because price sometimes pullback and close inside the PAC.
Also must observe the previous candles before that setup candle. When you see consolidation type of candles like Inside Bars, the probability is higher.
When you see the setup candle but there was a previous Master candle or Wide Range Bar to the left, the setup is lower probability.

Sometimes I enter when the price bar/APB is still inside the PAC, but this sort of aggressive entry must be support by good price action and support & reistance.
A 3-bar reversal pattern is an aggressive entry where the setup candle did not close above or below the PAC.

below some examples:
Attached Image (click to enlarge)
Click to Enlarge Name: PAC and setup candles examples.png Size: 65 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #50,545
  • Jan 20, 2015 6:40pm Jan 20, 2015 6:40pm
Quoting cristy1980
{quote} Here you go: {file} You can find also very very interesting thing in the "paperclip" on top of thread page... Thx, Cristy
Many thanks Cristy, that's very kind of you.
"Never interrupt your enemy when he is making a mistake" Napoleon Bonaparte
  • #50,546
  • Jan 20, 2015 6:41pm Jan 20, 2015 6:41pm
Quoting cristy1980
{quote} And are u able to see levels like in the previous version?? All I know is that the installer does some registry checks and sets some paths to the dll's...the libraries; but in order to do this you need to go through all the install process, at least this is what I know. It was't enough just to put the dll in the right place.. Does at your end thing look different? {image} Thx, Cris
Sorry cristy. Not sure why you ain't seeing the levels. I can't open MT4 at the mo (at work) but will check the file and get back to you.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #50,547
  • Jan 20, 2015 6:56pm Jan 20, 2015 6:56pm
Us/cad tdi cross looks good on 30 min tf...
  • #50,548
  • Jan 20, 2015 7:00pm Jan 20, 2015 7:00pm
I have been playing with the D.O.T.S method all day today, I have always used the guppys on my charts so this just adds more confluence, but WOW is all I can say, TMS principles/PAC/TDI along with the guppys and now DOTS. I'm really liking it!
  • #50,549
  • Jan 20, 2015 7:08pm Jan 20, 2015 7:08pm
I would like to thank everyone who took his/her time to read through my previous post and left some valuable comments and suggestions. I really appreciate it.

Someone mentioned that TMS will be the no. 1 FF thread soon, I have no doubt in it.

If you are uncomfortable using DOTS with TMS or are very new to TMS...Don't use it...Get yourself familiar with simple and best TDI crosses first (above 50 line buy/below 50 line sell) with Trading away from Guppy+Daily open+PAC+200EMA...Once you start to see that you can easily handle the retracements on your favourite pair then start using DOTS.

Otherwise, you might get stuck between
1. Finding a candle that closed outside PAC away from Guppy
2. And DOTS buy/sell trade entry level which in most cases is far above/below where the actual TDI signal happened.

It is to be noted that Dean Malone is a conservative (highly successful and profitable) trader and this is also reflected in his work (Synergy Model, DOTS and Videos).

Be conservative first protect your capital and once you see the continuous positive results then you can go little aggressive on your entries.

Received this video from Jarrat Davis (another successful trader) who talks about coming ECB press conference this week - Its Free Nothing to BUY/SELL
Inserted Video


Is this going to affect my favourite pair ? and if yes, Am I prepared ? Can I see any signs on my Chart now that suggests
1. Don't trade me now, I'm not ready yet
2. Wait...Wait...Be patient
3. Plan your trade and when it comes
4. Trade your Plan

Attached Image (click to enlarge)
Click to Enlarge Name: Is EUR Preparing itself for ECB press Conference 3.png Size: 319 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Is EUR Preparing itself for ECB press Conference 2.png Size: 334 KB


The market will not move according to your plan BUT when it moves you better have one to work on.

Kindest regards
  • #50,550
  • Edited 7:56pm Jan 20, 2015 7:16pm | Edited 7:56pm
Quoting likica
{quote} bagged +45 green from GA long and +35green from ECAD long (nice angle on M30 by the way, thank u). EA s too busy playing with guppy
Congrats likica - super trading in a kinda really weird market

Yeah, not really liking what i see @ the moment... ? Some of the XJs look like they could correct but i have conflicting signals off the TDI

EJ/AJ nicely correlated - possible ABCD (3-wave correction) short but TDI is saying double bottom... hmmm... notice the TDI cross moving into this structure (global pivot/fractal high) - pure gold!

AJ slightly advanced short indi cause EJ is fooling with BRN... i think this is the key... will watch i guess... AJ nice bounce off trendline/RN (could have some hidd div forming here)

[Break of local pivot low is trendline break...]
  • #50,551
  • Jan 20, 2015 7:35pm Jan 20, 2015 7:35pm
Quoting griffinssoul
{quote} Congrats likica - super trading in a kinda really weird market Yeah, not really liking what i see @ the moment... ? Some of the XJs look like they could correct but i have conflicting signals off the TDI EJ/AJ nicely correlated - possible ABCD (3-wave correction) short but TDI is saying double bottom... hmmm... notice the TDI cross moving into this structure (global pivot/fractal high) - pure gold! AJ slightly advanced short indi cause EJ is fooling with BRN... i think this is the key... will watch i guess... [Break of local pivot...

LOL ~ I didn't understand one damn word of that !!!
  • #50,552
  • Edited 8:00pm Jan 20, 2015 7:44pm | Edited 8:00pm
Quoting sknight1
{quote} LOL ~ I didn't understand one damn word of that !!!
What about the word 'congrats'? ...just talking to myself mate... LOL!!! Hey did you take UJ short? had the 1H div... and due for correction (on the 4-wave) with nice TDI cross(ess)

PA was an engulfing candle then a second one to see things short - before that there is a evening star and before that there was an engulfing - third times the charm - not sure what you do for signal though cause i am not Tom Cruise
  • #50,553
  • Jan 20, 2015 7:53pm Jan 20, 2015 7:53pm
Quoting rupasi
{quote} Hi Mary, I followed eelfranz rules, I entered the trades at 10pm PST based on a good tdi angle and proper candle. Then I exited after 6:30am PST.
Thanks, Rupasi. I'm West Coast also...
  • #50,554
  • Jan 20, 2015 8:07pm Jan 20, 2015 8:07pm
Quoting griffinssoul
{quote} What about the word 'congrats'? ...just talking to myself mate... LOL!!! Hey did you take UJ short? had the 1H div... and due for correction (on the 4-wave) with nice TDI cross(ess) PA was an engulfing candle then a second one to see things short - before that there is a evening star and before that there was an engulfing - third times the charm - not sure what you do for signal though cause i am not Tom Cruise

Actually, I was going to mention that I lost you after "congrats".

I got only a handful of small losers last night. Then I passed out from exhaustion around 5am my time, shortly before you PM'd me about the UJ, I think.
  • #50,555
  • Jan 20, 2015 8:09pm Jan 20, 2015 8:09pm
Quoting griffinssoul
{quote} What about the word 'congrats'? ...just talking to myself mate... LOL!!! Hey did you take UJ short? had the 1H div... and due for correction (on the 4-wave) with nice TDI cross(ess) PA was an engulfing candle then a second one to see things short - before that there is a evening star and before that there was an engulfing - third times the charm - not sure what you do for signal though cause i am not Tom Cruise
Appreciation is the key to wealth and happiness
  • #50,556
  • Jan 20, 2015 8:09pm Jan 20, 2015 8:09pm
Quoting sknight1
{quote} Actually, I was going to mention that I lost you after "congrats". I got only a handful of small losers last night. Then I passed out from exhaustion around 5am my time, shortly before you PM'd me about the UJ, I think.
[yeah, it was weird PA i can tell ya]
  • #50,557
  • Jan 20, 2015 8:13pm Jan 20, 2015 8:13pm
Quoting sknight1
{quote} Actually, I was going to mention that I lost you after "congrats". I got only a handful of small losers last night. Then I passed out from exhaustion around 5am my time, shortly before you PM'd me about the UJ, I think.
Did GS's PM made you passed out? Let me give him a punch for u. Hope u r up and...running.. no sitting in front of your beautiful chart now. Did you get in those nice pin of NJ yesterday too?

kinda like the short setup on EA M30 with 2 tops TDI and the bounce off 200ma
Appreciation is the key to wealth and happiness
  • #50,558
  • Jan 20, 2015 8:16pm Jan 20, 2015 8:16pm
Quoting likica
{quote} Did GS's PM made you passed out? Let me give him a punch for u. Hope u r up and...running.. no sitting in front of your beautiful chart now. Did you get in those nice pin of NJ yesterday too?
Ouch that hurts likica... LOL!
  • #50,559
  • Jan 20, 2015 8:18pm Jan 20, 2015 8:18pm
Quoting likica
kinda like the short setup on EA M30 with 2 tops TDI and the bounce off 200ma
Wow... short trap on the 30M then bang ... went down town in a hurry... the 1H cross looks golden but no confirmation on HTFs... 4H looking good now... but PA is jammed up but dense

AJ - double bottom bounce long - watching EJ to follow perhaps?
  • #50,560
  • Jan 20, 2015 8:25pm Jan 20, 2015 8:25pm
Quoting griffinssoul
{quote} Wow... short trap on the 30M then bang ... went down town in a hurry... the 1H cross looks golden but no confirmation on HTFs... 4H looking good now... but PA is jammed up but dense
GA bounced off 200ma too and TDI crossed with LH looks more promising? deal or no deal? Got played up last 2 days worn me out of Asian session
Appreciation is the key to wealth and happiness
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