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Trading Made Simple

  • #50,901
  • Jan 22, 2015 1:22pm Jan 22, 2015 1:22pm
Quoting heispark
{quote} Hi, Omonisha I have a question, if you don't mind. Looks you had only 12 pips drawdown and had nice +75 and +110 movement before it pulled back to slight minus territory: <15M> {image} When do you set BE on your trades? If I were in the same trade, I think I either had taken some smaller profit or got BE out. Just curious.... Thanks,
Yes you are right ..i too had have taken out BE if i were monitoring the trade. I just left my computer
with a SL. Because of the rumour and all i was expecting spike. And spike psycologicaly temper descition.
Took the chance and left with SL and no EA.
Sad i'm not trying to understand PA
  • #50,902
  • Jan 22, 2015 1:26pm Jan 22, 2015 1:26pm
Quoting brekz1
{quote} uhmm.. what name of this indicator show on picture? thank you {image}

This 3 box?
Attached Image (click to enlarge)
Click to Enlarge Name: indicator.png Size: 295 KB
Sad i'm not trying to understand PA
  • #50,903
  • Jan 22, 2015 1:35pm Jan 22, 2015 1:35pm
Quoting redcloudxlll
{quote} Nice. I was sleeping just woke up. Looking to get out myself. Unbelievable and it still has a little more room for more. currently my trades are looking at 200+ pips on both. Thank you SJ for telling me to stay in alittle more I added almost another 100+ pips since. I'ts 1:40 PM NY Time. {image}

Sweet !!!!!

I stayed flat for the ECB news.
  • #50,904
  • Jan 22, 2015 1:48pm Jan 22, 2015 1:48pm
Quoting omonisha
{quote} Yes you are right ..i too had have taken out BE if i were monitoring the trade. I just left my computer with a SL. Because of the rumour and all i was expecting spike. And spike psycologicaly temper descition. Took the chance and left with SL and no EA.
Thank you for details. You are really an experienced trader.
I am learning from your charts......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #50,905
  • Jan 22, 2015 2:04pm Jan 22, 2015 2:04pm
Quoting sstone1013
Hi guys, I've been learning on this system for a couple months now, however, I'm on the east coast (GMT-5) so I have trouble finding a good time to trade, as far as figuring out which time frames to trade. I've tried trading the daily and 4 hour time frames but I can't really seem to get the great set ups all the others get around here. I'm usually not available from 1am-7am so I usually miss the London session that E recommended trading. Any suggestions on how to go about trading the Asian or New York sessions with TMS?
Hey sstone

I have the same problem and no easy solution. Tried the 30 min and hourly charts, but in the NY session ranges collapse and it is really tough.
I am trading the 4 and moving the good ones to daily but that is tough.
There are enough signals during the NY Asian session to make money, I watch an awful lot of charts to get enough to be picky.
Also been tinkering with DOTS, but not impressed takes a lot of filtering to be profitrable, so why other with the DOTS?
I think that the choice is between trading and making money. Making money is going to take tons of patience.
Long term plan is to move to Canary Islands or Australia next winter!!
  • #50,906
  • Jan 22, 2015 2:33pm Jan 22, 2015 2:33pm
Quoting kminler
{quote} Hey sstone I have the same problem and no easy solution. Tried the 30 min and hourly charts, but in the NY session ranges collapse and it is really tough. I am trading the 4 and moving the good ones to daily but that is tough. There are enough signals during the NY Asian session to make money, I watch an awful lot of charts to get enough to be picky. Also been tinkering with DOTS, but not impressed takes a lot of filtering to be profitrable, so why other with the DOTS? I think that the choice is between trading and making money. Making money...
Thanks so much, I tried the waking up at 4am to check the new candles thing but my brain just doesn't work that early. I'm just kind of struggling because I'm asleep when everyone else seems to see these set ups and It's usually past candle 2 once I am awake and trading. I would love to be able to adjust my schedule and trade from midnight to 9am or so but it's just not quite possible at the moment. Wish some of these senior guys were on the east coast and knew the struggle haha.
  • #50,907
  • Jan 22, 2015 2:41pm Jan 22, 2015 2:41pm
Quoting mordin
These are some of my losses of today. Can somebody help understand why I entered the wrong way? 1) GBP/NZD 4H, Short. Entry @ 1.99571, SL @ 1.99971 {image} 2) GBP/CAD 4H, Short. Entry @ 1.87355, SL @ 1.87955 {image} I had other losses, but I think I understand why, I did not waited enough for the cross, nor the price action was very favorable.
Hi Mordin,

I am also learning this system but would want to see the PA below the PAC and the PAC below the guppies to consider a short trade. The TDI sell angle is nice, again the other factors are important. The overall trend appears to be flat in that timeframe and it does appear to be a double top which would support a decision to go short. Also, the TDI is crossing around 68, it appears which also suggest short.

Still PAC and guppies are key. If they don't agree with your choice, I wouldn't make that choice. I had a trading mentor once say, "look for reasons not to take the trade". It is all about stacking things in your favor. I look forward to others comments and emmanuel will hopefully talk about the clues the candles themselves give. I'm still learning about the HA candles.
  • #50,908
  • Jan 22, 2015 2:45pm Jan 22, 2015 2:45pm
Quoting redcloudxlll
{quote} I couldn't get V4 to come up like V3. So I'm not sure if it's because I'm not a member. I haven't really tried to figure it out.
Awesome awesome awesome pips! So great. And I was so excited to bag 75 pips on the EG. Still am. All green pips are great.

I'm bagging the idea to use dotsV4.2. There is a fee involved, from what I can tell. V3 works just fine for me. If others have better ideas, I'm all ears.
  • #50,909
  • Jan 22, 2015 3:03pm Jan 22, 2015 3:03pm
Quoting rupasi
{quote} Awesome awesome awesome pips! So great. And I was so excited to bag 75 pips on the EG. Still am. All green pips are great. I'm bagging the idea to use dotsV4.2. There is a fee involved, from what I can tell. V3 works just fine for me. If others have better ideas, I'm all ears.
Thank you. I haven't used V3 much since I just added it to my charts yesterday. But it's definitely good for taking profits. I used the Weekly Pivots also when I'm in a normal trade. I need to focus on taking pips from the market instead of $$$ I'm still learning. Just keep on reading. SnarlyJack if you click on his profile you can select his posts he has very valuable information there. Also I posted Big E PDF which has all his posts compiled into 1 PDF makes it easier to follow.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,910
  • Jan 22, 2015 3:04pm Jan 22, 2015 3:04pm
Quoting stevepatt
AUD/USD D1 Short I know I'm not using the TDI but what I have on my chart is what the TDI represents. I need to see the Candles clearly so I'm using the Heiken Ashi Histogram so I can see the HA colour. I've also got the RSI set to 13 but I don't really need it. {image}
AUD/USD D1 Short

Take Profit hit +162 pips +2.03R +1.62%
Attached Image (click to enlarge)
Click to Enlarge Name: 22nd Jan 15 AUD:USD D1 Chart.png Size: 119 KB
  • #50,911
  • Jan 22, 2015 3:16pm Jan 22, 2015 3:16pm
Closed all trades. 230+ on EU and 240+ on EJ Tomorrow is another day
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,912
  • Jan 22, 2015 3:29pm Jan 22, 2015 3:29pm
When sj posted the SynergyPro set a few days back things seemed a lot clearer to me and then FXAussie posted that brillant simple chart lesson on DOTS, I have to admit it cleared my mind a lot and I felt more positive about TMS (in whatever guise fits your personality.)

It has taken me a while adjusting to MT4 (from NinjaTrader) and I dont really like it but although most Indis are available to both, I didnt want to set about rewriting SynergyPro & DOTS, so thought I had better bite the bullet.

Having read the PDF that comes with the SynergyPro download (essential reading) I thought I would start simple with just the SynergyPro Trade Alert (no DOTS). So dusted off my mini-pips a/c ( I hate demo a/cs) and gave it a whirl today. I stayed away from Euro and took 2 alerts GBP/USD & NZD/USD.

I traded 3 lots (1/PT) on both which returned a total of 226 pips, both trades hitting all 3 PTs

As per sj I stuck the trades on and walked away. Now I know its early days for me but there is something special when you feel a small breakthrough after reading endless posts and making endless notes/ideas/charts etc and ending up with analysis paralysis! Yet it is something I feel you have to go through and I would like to thank every contributor for their input large or small.

Not sure where I go from here but feel at last I have started the TMS journey, it seems a while since I started reading Big E's thread not knowing he had passed away.

Here's to you Big E.
  • #50,913
  • Jan 22, 2015 3:35pm Jan 22, 2015 3:35pm
Quoting redcloudxlll
Closed all trades. 230+ on EU and 240+ on EJ Tomorrow is another day

Wow !!!
  • #50,914
  • Jan 22, 2015 3:36pm Jan 22, 2015 3:36pm
Quoting sknight1
{quote} Wow !!!
Thank you.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,915
  • Jan 22, 2015 3:39pm Jan 22, 2015 3:39pm
Quoting saintalan
When sj posted the SynergyPro set a few days back things seemed a lot clearer to me and then FXAussie posted that brillant simple chart lesson on DOTS, I have to admit it cleared my mind a lot and I felt more positive about TMS (in whatever guise fits your personality.) It has taken me a while adjusting to MT4 (from NinjaTrader) and I dont really like it but although most Indis are available to both, I didnt want to set about rewriting SynergyPro & DOTS, so thought I had better bite the bullet. Having read the PDF that comes with the SynergyPro...
Welcome. Me being pretty new to TMS I have to say it has been a very exciting journey I'm still learning and everything that's posted here from trades users have taken to indicators, ideas, examples etc. they have help me become more confident.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,916
  • Jan 22, 2015 3:43pm Jan 22, 2015 3:43pm
Quoting redcloudxlll
{quote} Shouldn't have that message make sure you have DLL checked off see pic and also refresh your charts. restart MT4. It should work. I don't have any issues with V3. {image} {image}
Just do that the message says. Turn off auto scroll (Charts -> Auto Scroll), and hold in PageUp button until the message disappear. Then enable Auto Scroll again. Hope this helps

Trond
  • #50,917
  • Jan 22, 2015 4:02pm Jan 22, 2015 4:02pm
Quoting snarlyjack
{quote} I hope you have a wheelbarrow for all the winnings Isn't this a sweet system... sj
Hi SJ, Which pairs are you looking at at the moment? Continue on Selling EU?
Positive anything is better than negative thinking.- Elbert Hubbard
  • #50,918
  • Jan 22, 2015 4:35pm Jan 22, 2015 4:35pm
Quoting saintalan
When sj posted the SynergyPro set a few days back things seemed a lot clearer to me and then FXAussie posted that brillant simple chart lesson on DOTS, I have to admit it cleared my mind a lot and I felt more positive about TMS (in whatever guise fits your personality.) It has taken me a while adjusting to MT4 (from NinjaTrader) and I dont really like it but although most Indis are available to both, I didnt want to set about rewriting SynergyPro & DOTS, so thought I had better bite the bullet. Having read the PDF that comes with the SynergyPro...
Hi, what time frame were you on and which Trade Alert profit target did it reach 1, 2 or 3.
  • #50,919
  • Jan 22, 2015 4:41pm Jan 22, 2015 4:41pm
Quoting wyley187
{quote} hmmm I had that checked already, its still doing the same thing?
Follow instructions in the PDF attached
Attached File(s)
File Type: pdf DOTS_User_Manual_v4.10.pdf   2.1 MB | 2,398 downloads
  • #50,920
  • Jan 22, 2015 5:02pm Jan 22, 2015 5:02pm
Hi Folks,

Here is another training chart example AUDUSD H1 using the Synergy_Pro_TDI and Synergy_Pro_APB with PAC.
In post#647,
Big E said: "...look for consolidation areas, ... look at previous candles, .. ... look at the last reversal candles their size, look at the momentum 12-2, 4-6, etc."

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 22 Jan H1 setup example.png Size: 88 KB


When trading H1, Price Action at Support & Resistance should be given more weight over the TDI cross to get those A+++ setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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