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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #53,421
  • Feb 16, 2015 8:05am Feb 16, 2015 8:05am
Quoting WDays
{quote} Pointless to rely on indis to tell you that... It's hard to tell at first, but generally the first two candles can be very indicative of what the foreseable future can bring. The reason market goes sideways is to form a proverbial rock and a hard place for retailers to get trapped and lose money by the big boys. In other conditions I'd say it's due to a "consensus" where both parties (bulls and bears) agree on the price and neither of them sees it too high or too cheap, but this game hasn't been about that kind of stuff for years now......
"don't expect price to keep on rallying or tumbling down with the same strength"

Yes! And if I may add, expect retraces and pullbacks that can be traded
Keep It Simple
  • #53,422
  • Feb 16, 2015 8:15am Feb 16, 2015 8:15am
All PM's answered
Keep It Simple
  • #53,423
  • Feb 16, 2015 8:17am Feb 16, 2015 8:17am
Quoting cigarguy
{quote} "don't expect price to keep on rallying or tumbling down with the same strength" Yes! And if I may add, expect retraces and pullbacks that can be traded
Spoken like a true scalper!
  • #53,424
  • Feb 16, 2015 8:36am Feb 16, 2015 8:36am
Quoting WDays
{quote} Spoken like a true scalper!
WDays,

Yep, that be me..........
Keep It Simple
  • #53,425
  • Feb 16, 2015 8:37am Feb 16, 2015 8:37am
Today was incredible nice with me
I never thought I can make this bunch of green pips on a amerincan holiday.
here ´s one of my 7 scalps today , all green .

seven clean pips in EU M1

Guido
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDcM1.png 16.2. clean 7 pips.png Size: 41 KB
Risiko birgt immer auch die Chance.
  • #53,426
  • Feb 16, 2015 8:41am Feb 16, 2015 8:41am
Quoting Sesamstrasse
Today was incredible nice with me I never thought I can make this bunch of green pips on a amerincan holiday. here s one of my 7 scalps today , all green . seven clean pips in EU M1 Guido {image}
Sesamstrasse,

Good job Welcome to the low t/f scalping club......and on M1 too.
Keep It Simple
  • #53,427
  • Feb 16, 2015 8:41am Feb 16, 2015 8:41am
Quoting cigarguy
{quote} StefyRox, Sorry I can't do. My charts are comprised of indicators that I have accumulated from other systems as well as TMS through the years and made them to accommodate my scalping style. If you PM I can give you a heads up of some threads were you can do the same but will not mention here......
PMed
You just got to have the Bad Days, so you can Love the Good Days even more!
  • #53,428
  • Feb 16, 2015 8:45am Feb 16, 2015 8:45am
Quoting cigarguy
{quote} Sesamstrasse, Good job Welcome to the low t/f scalping club......and on M1 too.
Thanks CG
I was yeeeeears ago in the "m1 fightclub " , with a good success .. but the quick stuff was too nasty with another strategy.
I added a 50Ema to the TMS template , and now its much better for my eyes.
Stay green , Guido
Risiko birgt immer auch die Chance.
  • #53,429
  • Feb 16, 2015 8:54am Feb 16, 2015 8:54am
Quoting Sesamstrasse
{quote} Thanks CG I was yeeeeears ago in the "m1 fightclub " , with a good success .. but the quick stuff was too nasty with another strategy. I added a 50Ema to the TMS template , and now its much better for my eyes. Stay green , Guido
IMO that is what each trader must do. Find the TF that fits their trading style/method, trading Sessions that fit their time zone and life style and make the charts their own. As I have said many times before; trading is not a one size fits all business.

And with that being said, I'm done for the day..


Stay GREEN my friends;
Attached Image
Keep It Simple
  • #53,430
  • Feb 16, 2015 11:25am Feb 16, 2015 11:25am
Quoting emmanuel7788
{quote} rupasi, When you use the TDI version which is non-realtime, the TDI bounce is only good when the TDI Green line pull back towards the Red and bounce off the Red. To pick a good TDI bounce, the PA must also support the bounce setup, there usually must be price pull back to a support and/or a small price bar or an inside bar type of price. pattern. The other thing which Eric taught us is to count the number of APB candles after the reversal withTDI cross setup candle. In your trade setup, there were already too many blue candles and there...
eelfranz wrote over and over again that tdi is merely a tool to use in conjunction with other factors and the higher the frame the better. I've seen it repeated by you and many others countless times here. Yet almost weekly random people seem to come here after losing pips on bad entries and search for further confirmation that TMS doesn't work. People want to dumb it town to a line on a chart and no more thinking.

Think of it like ordinary people going to the nearest sports shop and buy Roger Federer's tennis racket, hit the ball out of the park and then send the item back saying it doesn't do what they saw it doing in Federer's hand. This the kind of attitude towards TMS.
Best regards, Zef
  • #53,431
  • Feb 16, 2015 1:16pm Feb 16, 2015 1:16pm
Quoting griffinssoul
{quote} SJ mate, go and take care of your affairs mate - and forget about all this ... you are a gr8 trader and help so many of us, no need for all of this
  • #53,432
  • Feb 16, 2015 1:24pm Feb 16, 2015 1:24pm
Quoting ZeF
{quote} eelfranz wrote over and over again that tdi is merely a tool to use in conjunction with other factors and the higher the frame the better. I've seen it repeated by you and many others countless times here. Yet almost weekly random people seem to come here after losing pips on bad entries and search for further confirmation that TMS doesn't work. People want to dumb it town to a line on a chart and no more thinking. Think of it like ordinary people going to the nearest sports shop and buy Roger Federer's tennis racket, hit the ball out of...

Wise words buddy
  • #53,433
  • Edited 2:50pm Feb 16, 2015 2:05pm | Edited 2:50pm
EU, M1 quick scalp +6.8 (5 lots) was done for today but just happened to glance at this chart and caught this set up and entered with TP @ 1.3500 level and 200 EMA. Notice what happened after target level hit, down she went..............that's why I scalp these levels ( trade was about 7 min. ago for those asking for fresh posts)

UPDATE; Sneaky MM's running a head fake above quarter number and grabbing pending orders drawing in longs and then tight stop hunting......shame, shame, might be consolidating for awhile below 1.3500 for a bull move. We shall see! (2nd pic). These guys (crooks) won't give up running PA up and back down to catch wrong way longs, stops and get our $. (bottom pic)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDiM1.png Size: 72 KB
Click to Enlarge Name: EURUSDiM1 2.png Size: 75 KB
Click to Enlarge Name: EURUSDiM1 3.png Size: 76 KB
Keep It Simple
  • #53,434
  • Feb 16, 2015 2:17pm Feb 16, 2015 2:17pm
The skill of taking profits is just as important as the entry itself. Watch me break even + comm after a +44 pip draw down on the EU awaiting the psychological 50 barrier which is 70% of recent ADR. I was pushing it, and we all know what happens when we push it. Targeting for RN's outside the usual ADR means nothing.
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt1.png Size: 54 KB
Best regards, Zef
  • #53,435
  • Feb 16, 2015 2:52pm Feb 16, 2015 2:52pm
I used to watch this tread a few years ago with BigE trading, seemed a good genuine man. but i could never trade this method.

when ever i took a trade based on his rules i always got stung.

How are people doing with it generally, are most of you trading the 4hr charts?
Twitter handle @rjtn_fxtrades
  • #53,436
  • Feb 16, 2015 4:03pm Feb 16, 2015 4:03pm
Quoting cigarguy
EU, M1 quick scalp +6.8 (5 lots) was done for today but just happened to glance at this chart and caught this set up and entered with TP @ 1.3500 level and 200 EMA. Notice what happened after target level hit, down she went..............that's why I scalp these levels ( trade was about 7 min. ago for those asking for fresh posts) UPDATE; Sneaky MM's running a head fake above quarter number and grabbing pending orders drawing in longs and then tight stop hunting......shame, shame, might be consolidating for awhile below 1.3500 for a bull...
Hi Cigarguy,

Was the D1 top right bar green when you took the long trade then? Thanks.
  • #53,437
  • Feb 16, 2015 4:05pm Feb 16, 2015 4:05pm
Quoting Sesamstrasse
Today was incredible nice with me I never thought I can make this bunch of green pips on a amerincan holiday. here s one of my 7 scalps today , all green . seven clean pips in EU M1 Guido {image}
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,438
  • Feb 16, 2015 4:07pm Feb 16, 2015 4:07pm
Quoting Landline
Hi all Here's a live trade posted a minute ago on UJ 4hr chart with reasons for my advanced preliminary entry highlighted. Additional entries may follow once/if the TDI actually crosses...we will have to wait and see. LL {image}
I like that you found you own way to trade.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,439
  • Feb 16, 2015 4:38pm Feb 16, 2015 4:38pm
Quoting Shadownet
{quote} Hi Cigarguy, Was the D1 top right bar green when you took the long trade then? Thanks.
Shadownet,

No, but it doesn't matter for a quick small pip scalp. The H1 was green and I was basically scalping that candle which I will often do. I will look at key levels and other PASR factors and mostly trade with the H1 candle but do sometimes trade CT .
Keep It Simple
  • #53,440
  • Feb 16, 2015 4:57pm Feb 16, 2015 4:57pm
Hee all,

Here is the only trade I made today due to the low volume. Missed the move on GU because of a teacher who said we needed to close the laptops during that class...

Trade opened watching PA broke down of London session, below Daily Open with TDI confirmation. Set a TP and SL of 20 pips due the low volume and managed to set the TP right on the 200EMA. Shame, should've sticked to the 50 pip rule.
Was it the right trade to take? I am posting every trade I make from now one and I'm open for all kind of feedback.

Regard, Wes.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 47 KB
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