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Trading Made Simple

  • #51,181
  • Jan 25, 2015 2:42pm Jan 25, 2015 2:42pm
Quoting pm.fx
emmanuel7788, congratulations, you are a true teacher of this tread. your explanation to AlexoBrawler was excellent, simple and direct. also want to say thanks for the help of snarlyjack, MrAussieFX, lirika and omonisha. you are the heart of this tread and thanks to you I think I'm ready to start trading my real account with this system I have a question for youwhat represents the blue lines, green, red and yellow synergypro. all say that they have to cross, ok fine, but I think we will understand much better the system will understand what makes...
I really appreciate the help of every user in this tread, they are kind and nice people.
I don't know if my answer will help you completely, but in the Synergy Pro Ebook explains the mean of those lines:

Blue Lines are Upper and Lower Volatility Bands
Green Line are RSI Price Line (Relative Strength Index)
Red Line for Trade Signal Line (used as a guide for trade entry or exit when Green Line crosses) and
Yellow Line are Market Base Line (Overall Market Trend)

I hope this may help
  • #51,182
  • Jan 25, 2015 3:01pm Jan 25, 2015 3:01pm
I have a new question, it is about SL. I'm worried because you were talking about the violent way how CHF gets power so volatile few days ago and I want to avoid a huge surprise like that against my entries. My question is: about volatile news, do you still trading normally even during news? do you use a SL? how many pips or APB highs or lows? or you just simply avoid trade when news is comming?
  • #51,183
  • Jan 25, 2015 4:15pm Jan 25, 2015 4:15pm
I'm on my phone. But i opened a Short position on Friday around 3PM before NYClose. I'm up 100+pips. :-)
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Positive anything is better than negative thinking.- Elbert Hubbard
  • #51,184
  • Jan 25, 2015 4:20pm Jan 25, 2015 4:20pm
Syrizas victory is actually hurting the euro. Though it is unlikely that greece will leave the eurozone anytime soon. I have a feeling we might reach lower levels in the eur pairs sooner rather than later. :-) I'm becoming pretty analytical with this lol.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #51,185
  • Jan 25, 2015 5:26pm Jan 25, 2015 5:26pm
Hi all,

I'm a new user here though been a stalker for about 2 weeks now. I'd want to get some feedback on my setup, here it is posted below and also the decision entry is summarized.

I'm demo trading the 4H TF, on my timezone the UK session (due to liquidity and TZ).

CHECKLIST FOR ENTRY
TDI Confirms Cross At Good Angle
Entry Candle 1 or 2 Closes Above or Below PAC
Trade direction
Away from Day Open line
Away from Guppy / Sync with Institutions
Away from PAC
Entry Candle Size

I use the TMS indicator, EMA200, Guppys, Daily Open and Resistance Levels to decide upon entry, as well as good candle size.
I attached a SS for you to comment, if I am missing something as of Entry Criteria ?!

FYI it took me about 50 hours to get from landing on this thread onto demoing with the TMS style and the above 4-tier entry criteria.

I got one single Question :

On a 4 hour TF, where should I set the Take Profit level, at 25, 30, 50 pips?

Best regards,
Serge.

Attached Image (click to enlarge)
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Best regards, Zef
  • #51,186
  • Jan 25, 2015 6:16pm Jan 25, 2015 6:16pm
Quoting ZeF
Hi all, I'm a new user here though been a stalker for about 2 weeks now. I'd want to get some feedback on my setup, here it is posted below and also the decision entry is summarized. I'm demo trading the 4H TF, on my timezone the UK session (due to liquidity and TZ). CHECKLIST FOR ENTRY TDI Confirms Cross At Good Angle Entry Candle 1 or 2 Closes Above or Below PAC Trade direction Away from Day Open line Away from Guppy / Sync with Institutions Away from PAC Entry Candle Size I use the TMS indicator, EMA200, Guppys, Daily Open and Resistance Levels...
Hey mate, I'm no senior here but I would suggest you put your stops on a 4hr chart just below the last swing high/low. Manage your position, ie. when your up 25-50 pips move your stop to BE. Just my opinion. Trade well.
  • #51,187
  • Jan 25, 2015 7:16pm Jan 25, 2015 7:16pm
Quoting fxray
{quote} Hi wyley187 ...did you ever manage to fix this? I had the same problem and the instructions work providing you turn off the 'Autoscroll' in the toolbar at the top of your charts. Then hold down Pgup until your charts show a period of time 3/4months back then hit end. If need be then close charts down and reopen. That fixed mine Ray
yes everything works now FX!
  • #51,188
  • Jan 25, 2015 7:21pm Jan 25, 2015 7:21pm
Quoting sknight1
{quote} Hey Wyley, I was with FinFX for two years and was just notified that on Jan. 30th they will be transferring all of their US accounts to Tallinex. I figure I'll be lucky to recover my learning curve trading losses before even foreign brokers no longer accept US clients due to all the ridiculous regulations. I've had an account with Oanda for a couple of years also but, will be closing that account on Monday morning due to them sending out three "for immediate attention emails" in the past ten days noting ever increasing interference, ooops...
As far as I know Citifx doesn't use cftc/nfa regs because they are regulated by the banking authority, I looked into them a little bit before. I know you need a 10,000 min deposit and I'm not sure what their margin requirements are. but yes, thanks USA for protecting me from me, I especially like the part where my funds aren't segregated from company funds and I'd be just another creditor in case of insolvency, thats rock solid right there! WTF
  • #51,189
  • Jan 25, 2015 7:57pm Jan 25, 2015 7:57pm
Quoting Stuart1984
Hi everyone I am fairly new here at FF and have only recently started looking into some of the strategies available here. From what I have read so far, I like the look of the TMS method and I am looking to emply it as a swing trading systemt that I can trade along side my current scalping strategy. I am looking for a bit of guidance on how to get started with this strategy, let's be honest the thread is a big success and as a result is huge. I have started reading through the Big E pdf available in the attachments as I felt this was probably a good...
Stuart,

Welcome to Tms.

I would suggest that you read, read read &
practice, practice, practice...

If you read all the posts starting in October until now
you should be up to speed fairly quickly. Big E pdf
is very important, be sure to read.

Once again welcome to Tms!
sj
  • #51,190
  • Jan 25, 2015 8:03pm Jan 25, 2015 8:03pm
Quoting ZeF
Hi all, I'm a new user here though been a stalker for about 2 weeks now. I'd want to get some feedback on my setup, here it is posted below and also the decision entry is summarized. I'm demo trading the 4H TF, on my timezone the UK session (due to liquidity and TZ). CHECKLIST FOR ENTRY TDI Confirms Cross At Good Angle Entry Candle 1 or 2 Closes Above or Below PAC Trade direction Away from Day Open line Away from Guppy / Sync with Institutions Away from PAC Entry Candle Size I use the TMS indicator, EMA200, Guppys, Daily Open and Resistance Levels...
Zef,

Welcome to Tms.

See posts 51,223 for suggestion's!
Your guidelines look good. I would suggest that you
practice & read before you go live. Get a really good
feel for the system first...that will really help you!

Once again welcome to Tms...their are some really
good traders here who can help you if you need help.
sj
  • #51,191
  • Jan 25, 2015 8:07pm Jan 25, 2015 8:07pm
Quoting MrAussieFX
{quote} M30 and H1 - Tokyo session, NY session I usually miss FO and LO session due to work and could only able to catch little of NY open and London overlap. M30 entry developing into H1 trade during the Australian/Tokyo session on EA and AJ keeping my TP small (between 25-35 pips, as Likica suggested) works like a charm. Sometimes other pairs moves well in those sessions but all that matters is keeping your TP reasonable as sometimes news affects takes place and pairs hit their ADR in those sessions and if you are up and trading Asian session...
Welcome aboard the gravy train my friend .... SJ gave us the heads-up late last W and today everything is all mixed up (AO)... stay frosty my friends "...throw another shrimp on the barbie"... LOL!
  • #51,192
  • Jan 25, 2015 8:11pm Jan 25, 2015 8:11pm
Quoting griffinssoul
A very informative youtube video on the CHF unpeg and speculation on its future impact - very interesting to see this has happened before (THB - on a smaller scale trading wise of course compared to CHF) with profound consequences... https://www.youtube.com/watch?v=BnRX4LOORkQ
Griffinssoul,

Thanks for posting the video! I enjoyed watching it.
I will have to watch more of his video's, I though
he was pretty good...

Thanks once again.
sj
  • #51,193
  • Jan 25, 2015 8:22pm Jan 25, 2015 8:22pm
Quoting redcloudxlll
Syrizas victory is actually hurting the euro. Though it is unlikely that greece will leave the eurozone anytime soon. I have a feeling we might reach lower levels in the eur pairs sooner rather than later. :-) I'm becoming pretty analytical with this lol.
Redcloud,

I think you might be right!
Could be a great opportunity...

My analytical brain has turned to mush
with information overload...but it's been fun.
Glad I'm not alone...like Emmanuel say's "take
another red pill" and let's see where the markets take us
sj
  • #51,194
  • Jan 25, 2015 8:22pm Jan 25, 2015 8:22pm
Quoting snarlyjack
{quote} Griffinssoul, Thanks for posting the video! I enjoyed watching it. I will have to watch more of his video's, I though he was pretty good... Thanks once again. sj
You are welcome SJ. To my knowledge he is highly regarded in the US - I have found his (fundamental & global financial) analysis to be accurate and informative (on top of that he explains things very clearly). Its always a good idea to keep tabs on the big picture
  • #51,195
  • Jan 25, 2015 10:06pm Jan 25, 2015 10:06pm
Quoting snarlyjack
{quote} Redcloud, I think you might be right! Could be a great opportunity... My analytical brain has turned to mush with information overload...but it's been fun. Glad I'm not alone...like Emmanuel say's "take another red pill" and let's see where the markets take us sj
Thank you. I'm definitely Taking lots of red Pills. We can see a nice move happening on EJ Tonight. I'm looking forward to it .
Positive anything is better than negative thinking.- Elbert Hubbard
  • #51,196
  • Jan 25, 2015 11:22pm Jan 25, 2015 11:22pm
Quoting redcloudxlll
I'm on my phone. But i opened a Short position on Friday around 3PM before NYClose. I'm up 100+pips. :-) {image}
Hello redcloudxlll, i was wondering if it's possible to trade the TMS indicators on phone.
  • #51,197
  • Jan 25, 2015 11:35pm Jan 25, 2015 11:35pm
Quoting emmanuel7788
{quote} {quote} Hi Phx62, I have the following questions related to SL, moving SL and setting TPs. 1) I noticed for your +200ips trade, you kept your SL at BE+. But for the 150pips trade, you moved your SL to Entry Price +50pips. For that BE trade, the SL was kept at -50pips. Are these SL move done manually or by the THV CaveManager? 2) You still use the initial SL 50pips and TP 50pips, when do you move your SL to BE+? What are your THV CaveManager Capital Protection setting (see attached below) 3) For those trades where you have TPs 100pips, 150pips...
heispark & emmanuel,
I have had some issues with the CaveManager EA in the past several months. On several occasions, price has jumped over my SL without closing the trade, usually when there was lots of volatility. As a result, I only use the EA for two purposes; 1. to set an initial 50 pip TP and 50 pip SL when I open a trade. I then adjust the TP & SL to a hard TP & SL as soon as I know price is continuing in the direction I expected 2. I set the BE feature to 40 or 50 pips, depending on what I see on the charts. Once the EA moves my SL to BE, I manually move it forward 3 or 4 pips just to lock that SL in. Moving that seems to lock that number in and I have not had any issues with price jumping that locked in SL.
As I have stated before, I check the trade at the beginning of each hour (if my alarm wakes me) and decide if and where to move my TP and SL MANUALLY.
heispark,
On the trade you asked about, I took the trade late in the London session and actually had my TP & SL set at 50 pips each. I had to go to work so when I got up, I shut off the CaveManager, moved my TP to 100 and was in the shower when price pulled down the 38 pips. If it had pulled back 50 pips, I would have taken a substantial loss (part of trading). Actually, when I got back to the computer, I almost closed the trade because price had moved up and down again but was starting to move long for the third time. I moved the SL to BE+3 and went to work, not knowing what to expect. When I got to work, I was pleasantly surprised that price had nearly reached my TP. I then moved TP to 200 pips and monitored it from work, between phone calls and business. Some of my decision to move to 200 pips was the cross of the green TDI over red, gold and the 50 line on the entry candle.
emmanuel,
When price gets to within 10 to 15 pips of my target and none of the candles have closed in the opposite color and have some body to them, I move it forward another 50 or 100 pips (when I am able to monitor it). If I am busy with a meeting or other work issues, or I am sleeping (London starts at 1AM my time), I just let that TP be hit. On the trades last week where the SL was not moved from 50 pips, it was because I was asleep again and the EA was set to move the SL to BE at 50 pips but the trade closed first. As far as using the Preceding TP and the Trailing Stop on the CaveManager, I have little success with either feature. I do not use either of those features.
  • #51,198
  • Jan 26, 2015 12:37am Jan 26, 2015 12:37am
Quoting sooma22
{quote} Hello redcloudxlll, i was wondering if it's possible to trade the TMS indicators on phone.
I personally don't like trading off the phone it's really hard to tell when it cross unless it has already dropped alot. I use my phone to close out trades that I have open if I'm not near my computer.
Positive anything is better than negative thinking.- Elbert Hubbard
  • #51,199
  • Jan 26, 2015 12:51am Jan 26, 2015 12:51am
took EJ 20 pips and GJ 25 pips..(counter big trend/small retracement)
big trend still down so i decide took only 20-40 pips on small TF..in this case on M30
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only 100 pips / week
  • #51,200
  • Jan 26, 2015 1:29am Jan 26, 2015 1:29am
Quoting redcloudxlll
{quote} I personally don't like trading off the phone it's really hard to tell when it cross unless it has already dropped alot. I use my phone to close out trades that I have open if I'm not near my computer.
i can't reach my computer because am away most of the time at work, i've read online that its impossible to upload any indicator on phone.
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