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Trading Made Simple

  • #51,901
  • Jan 30, 2015 10:26am Jan 30, 2015 10:26am
Thanks everyone for the help getting going with TMS. I have been using D charts for the past few weeks. This is my most satisfying trade to date using D. The bar types and Indicators will look a little strange as I am not using MT4. Do not get distracted by this. Do not sidetrack the thread. There are many cool indies for TMS on MT4 that I cannot obtain.

GBPAUD
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  • #51,902
  • Jan 30, 2015 10:27am Jan 30, 2015 10:27am
Quoting cigarguy
sj, Once you pick the pair that fits TMS requirements on a higher t/f, drop down to the M15 or even M5 and observe the levels from that t/f and see if it helps your entries and exits! It is also a good indication if that pair is respecting the key levels during that trading session. Often you can see reversals and pullbacks from number to number.
Cigarguy,

I'm pretty excited...I think it's going to be a
excellent addition to our little system...

Especially when price is out of range on the asr/dsr levels
or the Dots levels...

I think our Tms system, along with Emmanuel's apb histogram
with the sweet spot indicator is totality nailing it

Have you seen my wheelbarrow...
sj
  • #51,903
  • Jan 30, 2015 10:29am Jan 30, 2015 10:29am
Quoting snarlyjack
{quote} Cigarguy, I'm pretty excited...I think it's going to be a excellent addition to our little system... Especially when price is out of range on the asr/dsr levels or the Dots levels... I think our Tms system, along with Emmanuel's apb histogram with the sweet spot indicator is totality nailing it Have you seen my wheelbarrow... sj
sj,

Enjoy Brother........
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Keep It Simple
  • #51,904
  • Jan 30, 2015 10:36am Jan 30, 2015 10:36am
Quoting cigarguy
{quote} sj, Enjoy Brother........ {image}
Cigarguy,

Thank you!

Here is gbp/usd 5 minute chart. With the sweet spot indicator
and the adr indicator. How does this look to you?
sj
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  • #51,905
  • Jan 30, 2015 10:39am Jan 30, 2015 10:39am
sj,

Case in point; UJ as seen on this M5 chart, PA ran down to 117.500 exactly and reversed..... pending orders are usually placed at these numbers....
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Keep It Simple
  • #51,906
  • Jan 30, 2015 10:42am Jan 30, 2015 10:42am
Today I made two trades peeking the 1H, as I didn't see anything on 4H. Of course both were losers, I'm stagnant.
I'm done for today, will review some old charts to practice and test that sweetspots indicator cigarguy posted. (Will it be useful on 4H?)
Happy weekend people!
Had to be me. Someone else might have gotten it wrong.
  • #51,907
  • Edited 10:58am Jan 30, 2015 10:46am | Edited 10:58am
Quoting snarlyjack
{quote} Cigarguy, Thank you! Here is gbp/usd 5 minute chart. With the sweet spot indicator and the adr indicator. How does this look to you? sj {image}
sj,

It's looks good. (you can change the colors to your choice) As you know, trading is not a "one size fits all" business. Each trader must find what fits their personality, account size and time available to trade and make their system/method their own.
Keep It Simple
  • #51,908
  • Jan 30, 2015 10:48am Jan 30, 2015 10:48am
Quoting mordin
Today I made two trades peeking the 1H, as I didn't see anything on 4H. Of course both were losers, I'm stagnant. I'm done for today, will review some old charts to practice and test that sweetspots indicator cigarguy posted. (Will it be useful on 4H?) Happy weekend people!
Mordin,

Read, read, read & practice, practice, practice...

I think the sweet spot indicator is going to work very
well for us. It works on the daily, 4 hour and all the time frames.

You'll get dialed in...trust me we all have bad days.
Keep on trucking to the next trades
sj
  • #51,909
  • Jan 30, 2015 10:49am Jan 30, 2015 10:49am
Quoting mordin
Today I made two trades peeking the 1H, as I didn't see anything on 4H. Of course both were losers, I'm stagnant. I'm done for today, will review some old charts to practice and test that sweetspots indicator cigarguy posted. (Will it be useful on 4H?) Happy weekend people!
mordin,

Think positive; next week will be great. Just give the indicator a try and see what you think. I trade smaller t/f's and make many trading decision from these key levels but you must decide what works for you.

Have a great weekend!
Keep It Simple
  • #51,910
  • Jan 30, 2015 10:53am Jan 30, 2015 10:53am
Done for the week! Stay Green My Friends !
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Keep It Simple
  • #51,911
  • Edited 11:54am Jan 30, 2015 11:15am | Edited 11:54am
UJ, M5 counter trend scalp (pullback) +5.4, (5 lots) couldn't pass on this LC pop from recent M5 support with 117.500, half number target which was hit and then reversed back to the direction of the trend as suspected......ok, now I'm really finished for the week
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Keep It Simple
  • #51,912
  • Jan 30, 2015 12:23pm Jan 30, 2015 12:23pm
Cigarguy Hi

Excuse the question but I have recently switched from NinjaTrader to MT4 to use SynergyPro & DOTS which are not directly available in NT.

Is the use of SweetSpot just a visual guide to Big Round Numbers? I can see the need due to the lack of manipulation available of the xy axis in MT4.

To be honest I struggle even to see the prices, anyway I just wanted to check that there was not something I was missing.

Many Thanks

Alan
  • #51,913
  • Jan 30, 2015 12:38pm Jan 30, 2015 12:38pm
2015 Week 5 - Trade Summary:

5 trades in total:
- 2 win
- 2 BE
- 1 Loss

A total of 75 pips this week. +6% on the account.

Monday: With High Impact Euro news scheduled for LO+1, I waited for this to pass. Traded long following the news but monitored it carefully since the trade was straight into the 200EMA. PA went 20 pips in my favour before a rejection of the MA took me out at BE. The safer option probably would have been to stay out all together... got lucky here.

Tuesday: Entry taken two minutes before LO as I had important work commitments. FO presented an excellent TMS cross entry following a triple bottom, however I wasn't at my PC then. Trade was again, taken into the 200EMA but my TP was hit just before the rejection. (+50, +4%)

Wednesday: I always seem to make one stupid mistake each week... this week it was Wednesday. Marked the long lower wicks before London when I opened my charts with the white line shown. My plan was to wait for a break below this for an entry short, or alternatively a long entry following strong PA move up out of the consolidation in accordance with the TDI (Green had just crossed above red). When the LO candle opened I instead ignored my plan thinking that LO momentum would push south... I was wrong. Lesson learnt! Wait for a break of consolidation! (-25,-2%)

Thursday: PA entry taken on a break of the previous two candles with TDI green over red over yellow. (+50, +4%)

Friday: Another PA entry taken on a break above previous two candles. LO made a strong move up but drew back sharply taking me out at BE. The rest of the day was really choppy with various high impact news and being the last trading day of the month.

Overall a good week and a good end to the month. See the results on my demo account for January from my myfxbook statement. (Note: the pip figures are slightly misleading since my broker seems to have split my positions on some trade)

Have a good weekend everyone!

Ballistical
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Focus on the process and the profits will follow
  • #51,914
  • Jan 30, 2015 12:44pm Jan 30, 2015 12:44pm
My trades for today, 123 pips , trades taken on tdi bounce with price action.

Have a nice weekend everyone.
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  • #51,915
  • Edited 1:48pm Jan 30, 2015 12:59pm | Edited 1:48pm
Quoting saintalan
Cigarguy Hi Excuse the question but I have recently switched from NinjaTrader to MT4 to use SynergyPro & DOTS which are not directly available in NT. Is the use of SweetSpot just a visual guide to Big Round Numbers? I can see the need due to the lack of manipulation available of the xy axis in MT4. To be honest I struggle even to see the prices, anyway I just wanted to check that there was not something I was missing. Many Thanks Alan
saintalan,

You are probably looking at them on a high t/f charts ie., H1, H4 or Daily. I trade lower t/f's such as M5, M15 or M30 for my scalps and they are visible and of great assistance. As I mentioned in an earlier post, once you pick your pair, you might want to drop down (like zooming in on the PA) on a lower t/f where they are quite visible and observe if they will help you in your trading for entries and targets. TMS is a very visual trading system and while it's good to keep your charts clean and simple and most indicators are lagging, the levels will remain the same and are traded by professionals as well. If enough traders use any indicator it will therefore work and becomes a "self fulfilling prophecy".

I hope I understood your question and this is of some help.....
Keep It Simple
  • #51,916
  • Jan 30, 2015 1:58pm Jan 30, 2015 1:58pm
Quoting cigarguy
{quote} saintalan, You are probably looking at them on a high t/f charts ie., H1, H4 or Daily. I trade lower t/f's such as M5, M15 or M30 for my scalps and they are visible and of great assistance. As I mentioned in an earlier post, once you pick your pair, you might want to drop down (like zooming in on the PA) on a lower t/f where they are quite visible and observe if they will help you in your trading for entries and targets. TMS is a very visual trading system and while it's good to keep your charts clean and simple and most indicators are lagging,...

Thanks for that certainly makes a big difference on the lower time frame.

Cheers

Alan
  • #51,917
  • Jan 30, 2015 4:13pm Jan 30, 2015 4:13pm
Quoting cigarguy
{quote} Congrats!! Good scalping
Thank you
  • #51,918
  • Jan 30, 2015 4:15pm Jan 30, 2015 4:15pm
Positive Week : +220 pips (14 trades) , I would thanks all who help us to make a positive results , Thank you all ...
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  • #51,919
  • Jan 30, 2015 4:21pm Jan 30, 2015 4:21pm
Quoting cigarguy
{quote} Congrats!! Good scalping
Scalping i enjoy more than ,computer games films, etc.
  • #51,920
  • Jan 30, 2015 7:33pm Jan 30, 2015 7:33pm
Quoting emmanuel7788
Trading the Inside Bar(s). Inside Bar IB are small candles which is seen as price contraction or consolidation. One example is to use IB and trade the breakout of the Mother Bar of that IB. Double IBs are very good setups to trade when we observe the price action of the trading TF and also the higher TFs. Below is an example how IBs are use in scalping after news events. Wait for that news event candle to close and trade when there is still price momentum and follow the flow. {image} Practice this, look at other pairs on M15 and look at the FOMC...
Hello Emmanuel,

Would you mind sharing the indicator for the H4 high and H4 Low please? I'd also like to ask in your picture, if entered upon the break of the Double IBs, I would count that as the 4th APB candle, which would be against the TMS rule? Thanks.
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