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Trading Made Simple

  • #53,521
  • Feb 17, 2015 11:03am Feb 17, 2015 11:03am
There is no RIGHT way to trade, as long as it can make you profit, then that is it. My strategy is so simple, yet so effective and profitable, I can give it to anyone with no trading background wit all the instructions, and they can begin making money.

Some people over complicate trading when it doesn't need to be. If it is complicated and making you money fine, but for me, I prefer something simple and effective at the same time.
Trade smart, not hard
  • #53,522
  • Feb 17, 2015 11:11am Feb 17, 2015 11:11am
Took 4 trades today with a mixed bag of results. I traded TMS cross using DOTS targets 1 and 2for TP's. If TP1 got hit I closed half and move SL to BE. 1 TP got missed by 1 pip and got stopped out at a loss

GA 37+ Green
EG 20+ Green
GU 56 - Red
AJ 45 +Green

If I chose better pairs on my watch list would have worked out a lot better.

Attached Image (click to enlarge)
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EG Would have hit tp 2 as well if kept to the plan and moved sl to BE and not +10
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Attached Image (click to enlarge)
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Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,523
  • Feb 17, 2015 11:13am Feb 17, 2015 11:13am
Quoting mordin
Does anybody use the 89EMA? I took the idea from dcginc, and it seems to also act as S/R but here I don't see anyone using it, and perhaps it is too much info, it prevents me from taking trades that turned out to be winners.
The idea of the 89EMA is it is a (dynamic) trendline used to follow trends. This means that you have to apply some serious discretion when you have it on your chart. Use it when in a strongly trending market, disregard it when trading shorter moves (this is where dcginc goes for the harmonic patterns and fibo ratios...)
  • #53,524
  • Feb 17, 2015 11:48am Feb 17, 2015 11:48am
News on the t.v. financial news.

Greece is asking for a extension tomorrow from the EU.
So the eur & currencies might be volatile (tomorrow) so be very careful.
sj
  • #53,525
  • Feb 17, 2015 11:49am Feb 17, 2015 11:49am
Quoting mosiskv
{quote} Hi classy Try this one coded by Igorad(excellentcoder). Look inside the mq4 for settings and where to read about it. {file}
many thanks for come forward to help me out.
Say something meaningful or Silence!!
  • #53,526
  • Feb 17, 2015 11:51am Feb 17, 2015 11:51am
Quoting Tollazor
I'm getting significantly more success by employing a simple RR of 1:2 in the direction of the trends. If it a'int trending on the daily, I'm reluctant to enter. I've also taken the mindset of, 'I don't know what the price is going to do next so, I'm either wrong or right so I may as well stack the odds in my favour'. Since then my trading has become a fair bit better. I've got some losses and some winners and the winners are out pipping the losers for the moment. If I can have about 40% success rate I'm golden.
That RR works - and with a few months of practice in TMS, your win rate will be much greater than 50%.
  • #53,527
  • Feb 17, 2015 11:53am Feb 17, 2015 11:53am
Quoting nods80
Took 4 trades today with a mixed bag of results. I traded TMS cross using DOTS targets 1 and 2for TP's. If TP1 got hit I closed half and move SL to BE. 1 TP got missed by 1 pip and got stopped out at a loss GA 37+ Green EG 20+ Green GU 56 - Red AJ 45 +Green If I chose better pairs on my watch list would have worked out a lot better. {image} {image} EG Would have hit tp 2 as well if kept to the plan and moved sl to BE and not +10 {image} {image}
Nods,

I think that is very good!
I like your charts & how your approaching
the markets. That is a 75% success ratio,
which is excellent.
sj
  • #53,528
  • Feb 17, 2015 11:57am Feb 17, 2015 11:57am
Quoting classy
i dont want spoil this thread or big e's 4h 5 methods or 1 h .i want share somting with TMS family . i am testing this system many days and share set up with you main indi tdi ..retrace finder and i add few more indi with my way .if you want see tms this way then share your view.idea .if i did any thing wrong post this please let me know i will not post more....capture by screen shot ea ..do know any ea/script which record entry point /exit point etc. {file}
Classy,

I would love to read it but I can't get the rar file opened
on my computer. Is their another way you can download it?
sj
  • #53,529
  • Feb 17, 2015 11:57am Feb 17, 2015 11:57am
Quoting classy
i dont want spoil this thread or big e's 4h 5 methods or 1 h .i want share somting with TMS family . i am testing this system many days and share set up with you main indi tdi ..retrace finder and i add few more indi with my way .if you want see tms this way then share your view.idea .if i did any thing wrong post this please let me know i will not post more....capture by screen shot ea ..do know any ea/script which record entry point /exit point etc. {file}
Hi Classy, Looks interesting. Just 1 question. You are essentially using 3 rsi's. The RSI, TDI and there is another one in the retracement indicator you are using. Do you think you could drop them? could cause confusion when taking signals of the TDI.

Regards

Nods
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,530
  • Feb 17, 2015 12:00pm Feb 17, 2015 12:00pm
Quoting snarlyjack
{quote} Nods, I think that is very good! I like your charts & how your approaching the markets. That is a 75% success ratio, which is excellent. sj
Thanks SJ. But just 1 pip away from green on all 4 trades.
Intelligence is the ability to adapt to change. Stephen Hawking
  • #53,531
  • Feb 17, 2015 12:00pm Feb 17, 2015 12:00pm
Quoting michael_k
Hi LL, {quote} We are in the same trade, but I have taken the opposite side. Here is my GBPUSD sell @ 1.53496 SL: 1.53903 TP: 1.52000 Here is my chart (as close as you can get without using MT and TDI): {image} Good luck to both of us! (just hope your TP will be smaller than my stop...
Michael K,

I like price action trading. Your charts
look very clean & you can read the candles
very clearly. I like it!
sj
  • #53,532
  • Feb 17, 2015 12:20pm Feb 17, 2015 12:20pm
Quoting Landline
{quote} Hi all UJ 2nd position now added, ref 4hr chart attached {image}
Hi all,

OK, UJ progressing quite well, and I've just added a 3rd position.

I've highlighted an area on the chart which pretty clearly shows an H & S formation now on the daily chart (one of the advantages of no candles in the way imo). MY first two positions are now adjusted to low risk, and their TPs slightly hoisted which all in all makes this 3rd trade a lot easier to make.

The interested thing is that these positions all kicked off with my initial prelim entry, which seems to have tested the waters quite well in this instance.

Cheers LL

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 24 KB
  • #53,533
  • Feb 17, 2015 12:33pm Feb 17, 2015 12:33pm
GBPJPY-M30
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-18_0-31-01GBPJPY.png Size: 34 KB
Sad i'm not trying to understand PA
  • #53,534
  • Feb 17, 2015 12:39pm Feb 17, 2015 12:39pm
Quoting nods80
{quote} Hi Classy, Looks interesting. Just 1 question. You are essentially using 3 rsi's. The RSI, TDI and there is another one in the retracement indicator you are using. Do you think you could drop them? could cause confusion when taking signals of the TDI. Regards Nods
@ sj many many thanks for response and showing interest please download win rar soft for unrar file i upload many files.@ nods if interest to about my using 3rsi please check my another thread and let me know if have any question.thanks
http://www.forexfactory.com/showthre...35#post8074835

sj look tdi and my green ma @ nod look rsi below 50 level just for test though it is not trading time but live .....
Attached Image (click to enlarge)
Click to Enlarge Name: tms ov.png Size: 42 KB
Say something meaningful or Silence!!
  • #53,535
  • Feb 17, 2015 12:40pm Feb 17, 2015 12:40pm
Quoting omonisha
GBPJPY-M30 {image}

  • #53,536
  • Feb 17, 2015 12:44pm Feb 17, 2015 12:44pm
Quoting Landline
{quote} Hi all, OK, UJ progressing quite well, and I've just added a 3rd position. I've highlighted an area on the chart which pretty clearly shows an H & S formation now on the daily chart (one of the advantages of no candles in the way imo). MY first two positions are now adjusted to low risk, and their TPs slightly hoisted which all in all makes this 3rd trade a lot easier to make. The interested thing is that these positions all kicked off with my initial prelim entry, which seems to have tested the waters quite well in this instance. Cheers...
A quick update before tea.

First position hit TP +70

The two remaining pos now free trades...although if more momentum kick in I'll add more positions.

Just wanted to share a typical "live" trade to develop positions whilst keeping risk minimal

Cheers

LL
  • #53,537
  • Feb 17, 2015 12:47pm Feb 17, 2015 12:47pm
one more live gusd
Attached Image (click to enlarge)
Click to Enlarge Name: tms ov gusd.png Size: 50 KB
Say something meaningful or Silence!!
  • #53,538
  • Feb 17, 2015 12:59pm Feb 17, 2015 12:59pm
Quoting omonisha
GBPJPY-M30
Easy market=Nice trades.

Keep it simple and watch out for bears.
  • #53,539
  • Feb 17, 2015 1:04pm Feb 17, 2015 1:04pm
Quoting classy
{quote} @ sj many many thanks for response and showing interest please download win rar soft for unrar file i upload many files.@ nods if interest to about my using 3rsi please check my another thread and let me know if have any question.thanks http://www.forexfactory.com/showthre...35#post8074835 sj look tdi and my green ma @ nod look rsi below 50 level just for test though it is not trading time but live ..... {image}
Classy,

Thank you the chart helped.
The retracement finder looks interesting.
Why don't you post it so we can all look at it
in real time.
Thanks.
sj
  • #53,540
  • Feb 17, 2015 1:04pm Feb 17, 2015 1:04pm
Hi SJ,

Quoting snarlyjack
{quote} Michael K, I like price action trading. Your charts look very clean & you can read the candles very clearly. I like it! sj
Thanks, I really appreciate it, especially coming from you.

I find regular candles much more difficult for interpretation compared to Heiken Ashi , which unfortunately are not supported in the web based platform I am using.
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