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Trading Made Simple

  • #53,881
  • Feb 23, 2015 6:19am Feb 23, 2015 6:19am
Quoting Tollazor
Hiya TMS veterans. I have a question regarding your stop loss, if you use them. When a trade moves in your favour and has sufficient passed your BE point by say 20% or so, do you move your stop loss to the BE point and setup a trailing stop. If you do, do you find that you often get gypped out of some profits you otherwise would have got if you left your TP/SL at their original points? Right now I'm using a simple system of 1:2 risk reward ratio to set my SL and TP points and using TDI to pick the best setups for a realistic 1:2 trade. So when the...
Tollazor,

Some people move their stops to b/e as soon as possible.
Some people don't. For example I put in trades then go to
bed & I don't move my stop loss. I think it depends on how
you trade & where you live & how closely you monitor your trades.
sj
  • #53,882
  • Feb 23, 2015 6:46am Feb 23, 2015 6:46am
Quoting emmanuel7788
{quote} {quote} Hi Fortunemaker, SJ has shared how moving averages can be used a trend filter. Here in FF there other threads which are off-shoot from Eric' TMS. X-man has his H1 and H4 'systems', LE1 has his M15 system, both these 'systems' uses moving averages add-on to the TMS 5-Method. For more ideas, you can read the pdf in Post#42,728. How to find High Probability Trading Opportunities using Moving Averages. regards,
SJ and Emmanuel, thank you very much for your replies.
  • #53,883
  • Feb 23, 2015 8:09am Feb 23, 2015 8:09am
as per my last experirnce with GU, I think MACD with 24, 52, 9 works better than TDI..
I took long position last night as per MACD indicator but by morning it went down to -60 pips.
There was one news at 6 PM came between and also TDI was indicating north so I closed the position and took short position
But inspite of bad news for GU it started recovering and by now it's up + 100 pips
So overall I lost 160 pips today 😁
  • #53,884
  • Feb 23, 2015 8:45am Feb 23, 2015 8:45am
Just recently joined FF and found this wonderful TMS system

It seems there were alot of good TMS setups in the H1 throughout all majors in LO today +lots of pips
  • #53,885
  • Feb 23, 2015 8:50am Feb 23, 2015 8:50am
GBPJPY-H4
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-23_22-47-42GBPJPY.png Size: 33 KB
Sad i'm not trying to understand PA
  • #53,886
  • Feb 23, 2015 9:51am Feb 23, 2015 9:51am
GU, M 15 counter trend short scalp entered with bounce from resistance 1.54750 with 1st target at 1.54366 supported by H1 resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiM15 tms.png Size: 89 KB
Keep It Simple
  • #53,887
  • Feb 23, 2015 10:09am Feb 23, 2015 10:09am
Snarlyjack,

I see 3-4 great TDI hooks on H1 and H4 on the EU every week during UK Session In february on daily sideways movement.

I think there is no fundamental reason that the EU will reverse trend ?!
Therefore i'm taking selling opportunities on tdi setups of h1 & h4 on any 100 - 150 pip gain. what can irreversibly weaken the us$ in the next couple months?
Best regards, Zef
  • #53,888
  • Feb 23, 2015 10:18am Feb 23, 2015 10:18am
Quoting cigarguy
GU, M 15 counter trend short scalp entered with bounce from resistance 1.54750 with 1st target at 1.54366 supported by H1 resistance. {image}
Closed GU scalp short early as PA faltering at half number level +11.3 (5 lots)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiM15 tms.png Size: 86 KB
Keep It Simple
  • #53,889
  • Feb 23, 2015 12:26pm Feb 23, 2015 12:26pm
Quoting Bk8
as per my last experirnce with GU, I think MACD with 24, 52, 9 works better than TDI.. I took long position last night as per MACD indicator but by morning it went down to -60 pips. There was one news at 6 PM came between and also TDI was indicating north so I closed the position and took short position But inspite of bad news for GU it started recovering and by now it's up + 100 pips So overall I lost 160 pips today 😁
Bk8,

I think the macd is a very slow indicator (not sure where you
got 24-52-9 settings ?). I think the Tdi is a much better indicator.

sj
  • #53,890
  • Feb 23, 2015 12:28pm Feb 23, 2015 12:28pm
Quoting yenvila
Just recently joined FF and found this wonderful TMS system It seems there were alot of good TMS setups in the H1 throughout all majors in LO today +lots of pips
Venvila,

Their were some excellent set-ups in the N/Y session
today. The 1 hour & 30 minute time frames were cooking...

Welcome to Tms.
sj
  • #53,891
  • Feb 23, 2015 12:31pm Feb 23, 2015 12:31pm
Quoting ZeF
Snarlyjack, I see 3-4 great TDI hooks on H1 and H4 on the EU every week during UK Session In february on daily sideways movement. I think there is no fundamental reason that the EU will reverse trend ?! Therefore i'm taking selling opportunities on tdi setups of h1 & h4 on any 100 - 150 pip gain. what can irreversibly weaken the us$ in the next couple months?
Zef,

I trade what my charts tell me.
I have found that if I don't listen to the
fundamentals or the news I do much better.
Non-Farm payroll is about the only time I don't
trade the markets & stand aside.
sj
  • #53,892
  • Feb 23, 2015 12:33pm Feb 23, 2015 12:33pm
Quoting cigarguy
{quote} Closed GU scalp short early as PA faltering at half number level +11.3 (5 lots) {image}
Cigarguy,

Do you specialize in short term counter trend trades?
Nothing wrong with that I was just curious.

I traded the 15 & 30 minute charts this morning & did
very well...(no moving averages, just the pac).

sj
  • #53,893
  • Feb 23, 2015 12:35pm Feb 23, 2015 12:35pm
Quoting omonisha
GBPJPY-H4 {image}
Omonisha,

I watched that trade...your's was perfect!
sj
  • #53,894
  • Feb 23, 2015 12:39pm Feb 23, 2015 12:39pm
According to CNBC (tv news)
The USA Fed will be meeting & holding special
meetings the next 2 days. So markets could be
pretty tight until everyone knows what the Fed
has to say.
sj
  • #53,895
  • Feb 23, 2015 12:55pm Feb 23, 2015 12:55pm
Quoting snarlyjack
{quote} Zef, I trade what my charts tell me. I have found that if I don't listen to the fundamentals or the news I do much better. Non-Farm payroll is about the only time I don't trade the markets & stand aside. sj
sj,Thanks.I will take note of that.
Best regards, Zef
  • #53,896
  • Feb 23, 2015 12:59pm Feb 23, 2015 12:59pm
GBP/CHF +145 incl. spread.

Reason for entry.
- 4h TDI cross OVER the 50 line
- The 1D trend is bullish + green tdi line over red on 1D
- Big synergy candle over the PAC.

Reason for exit.
- My tp was hit

If my tp wasnt' hit i would have closed the trade manual, because the 1D tdi is going flat, maybe a bounce, maybe a cross, time will show, but i will be watching closely.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf-h4-hf-markets-europe.png Size: 30 KB
MY SITTING, NEVER MY THINKING!
  • #53,897
  • Feb 23, 2015 1:03pm Feb 23, 2015 1:03pm
Quoting merrygold
If my tp wasnt' hit i would have closed the trade manual, because the 1D tdi is going flat, maybe a bounce, maybe a cross, time will show, but i will be watching closely. {image}
The chance for a TDI bounce on the daily chart is good, the weekly trend is 'fresh' bullish according to the TDI.
MY SITTING, NEVER MY THINKING!
  • #53,898
  • Feb 23, 2015 1:49pm Feb 23, 2015 1:49pm
Hi snarlyjack, cigarguy, emmul, and colleagues, can you point me in the right place where i can get my hands on the synergy_pro_tdi indicator with sound alerts please? tdi i have loaded on my charts doesn't give .wav sound alert when tdi green/red cross. The sound alert helps when i am not able to watch the charts all the time. thanks.....rn
  • #53,899
  • Feb 23, 2015 2:11pm Feb 23, 2015 2:11pm
Quoting rtradern
Hi snarlyjack, cigarguy, emmul, and colleagues, can you point me in the right place where i can get my hands on the synergy_pro_tdi indicator with sound alerts please? tdi i have loaded on my charts doesn't give .wav sound alert when tdi green/red cross. The sound alert helps when i am not able to watch the charts all the time. thanks.....rn
Hi Rtradern,

The only template I have is on post # 50,214.
I'm not sure if it has a sound alert or not.
sj
  • #53,900
  • Feb 23, 2015 2:57pm Feb 23, 2015 2:57pm
I have a question, if anybody can help me. When defining a "consolidation" or "range" do we use the high and the low (the wicks) or the open and close prices?
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