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Trading Made Simple

  • #53,981
  • Feb 25, 2015 1:29am Feb 25, 2015 1:29am
Quoting haydo147
Hi everyone, Any advice on how to enter this trade? EA has just broke the WRB that it has been stuck in all week. I want to enter short following the monthly daily and weekly candles although im unsure of how to enter. could this be a retest of the broken line (blue 4HR candle that just opened)? {image} -hayden
Eric once said "First i look at the TDI then i look at the PA" - If my eyes looks at your chart i would notice that there isnt a tdi cross, and i would wait until a valid comes. Patience is king in this business.
MY SITTING, NEVER MY THINKING!
  • #53,982
  • Feb 25, 2015 1:34am Feb 25, 2015 1:34am
Quoting merrygold
{quote} Eric once said "First i look at the TDI then i look at the PA" - If my eyes looks at your chart i would notice that there isnt a tdi cross, and i would wait until a valid comes. Patience is king in this business.
Thanks merrygold,

Patience is what i seem to lack the most, something I am currently working on.

I feel that i can get the analysis correct, just the entry very wrong.

-hayden
  • #53,983
  • Feb 25, 2015 1:37am Feb 25, 2015 1:37am
Quoting merrygold
{quote} Eric once said "First i look at the TDI then i look at the PA" - If my eyes looks at your chart i would notice that there isnt a tdi cross, and i would wait until a valid comes. Patience is king in this business.

yes, Eric did say that.
but there are five other things you must do before you look at the TDI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,984
  • Feb 25, 2015 1:39am Feb 25, 2015 1:39am
Quoting haydo147
Hi everyone, Any advice on how to enter this trade? EA has just broke the WRB that it has been stuck in all week. I want to enter short following the monthly daily and weekly candles although im unsure of how to enter. could this be a retest of the broken line (blue 4HR candle that just opened)? {image} -hayden

too late to sell now.
wait for this week's candle to close.
I'll explain during this Sunday's planning session.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53,985
  • Feb 25, 2015 1:41am Feb 25, 2015 1:41am
Quoting emmanuel7788
{quote} yes, Eric did say that. but there are five other things you must do before you look at the TDI.
What are those things? I usually do the same. I look at the TDI, if it about to cross, then I analyze PASR and so on, if no cross incoming, I skip the pair for the moment.
Had to be me. Someone else might have gotten it wrong.
  • #53,986
  • Feb 25, 2015 1:48am Feb 25, 2015 1:48am
GJ in play now
Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 23 KB
NEVER go against the Daily trend
  • #53,987
  • Feb 25, 2015 2:15am Feb 25, 2015 2:15am
Quoting emmanuel7788
{quote} yes, Eric did say that. but there are five other things you must do before you look at the TDI.
Agree! - But as a entry trigger a tdi cross is for me necesarry (And ofcourse a want to see the 4h trade, match the daily trend)
MY SITTING, NEVER MY THINKING!
  • #53,988
  • Feb 25, 2015 2:24am Feb 25, 2015 2:24am
Quoting mordin
{quote} What are those things? I usually do the same. I look at the TDI, if it about to cross, then I analyze PASR and so on, if no cross incoming, I skip the pair for the moment.
Post #647
http://www.forexfactory.com/showthre...40#post4581540
Best regards, Zef
  • #53,989
  • Feb 25, 2015 3:02am Feb 25, 2015 3:02am
Is there anyone on this thread who has been trading this systems since 2011 or even 2012? I remember when Big E started this thread, but I don't recognize any of the current posters. I'm wondering if there is anyone who started trading this system from the beginning of this thread until now. Over the years I've seen people come and go but not many seem to stick around too long which indicates this system doesn't work in the long run.
  • #53,990
  • Feb 25, 2015 3:22am Feb 25, 2015 3:22am
Quoting wnabo
{quote} Good trading. Just wondering what are your trading rules.

Tdi crosses , first 2 bars colour change , very rare I accept the 3 bar colour change .

Simple TMS rules as posted the first poages by Elfranz .

I only trade in m1 , h4 and daily .

In other timeframes I use the choros system , but I don t post my Choros trades in this thread , I just wanna keep it clean .

TMS posts/ trades here, Choros posts/trades in the Choros thread .

Hope that helped .
Guido
Risiko birgt immer auch die Chance.
  • #53,991
  • Feb 25, 2015 3:30am Feb 25, 2015 3:30am
Quoting emmanuel7788
{quote} {image} Rule#16 : When your trade is not going anywhere in a given chart timeframe, it is time to exit. 3 to 5 hours for a H1 trade is quite sufficient http://www.forexfactory.com/showthre...57#post7975357
Thanks emmanuel, I will print that and read it regularly. I did manage to get out just over break even, problem is I cant watch the charts very often thats why I am struggling with trading, people on here say they wished the London session was their daytime, I live and work in London. Trying to get time at the PC whilst working full time is hard.
  • #53,992
  • Feb 25, 2015 3:38am Feb 25, 2015 3:38am
Quoting MrAussieFX
{quote} Wow this is a strange coincidence that we exited the EA trade at the same time. EA +4 pips {image} This one was not going anywhere during the LO session and selling on this pair happened in NY session. Kindest regards
Hi MrAussieFX, its not good that you also were not able to make pips from that trade, but it has made me feel better about the entry with you taking it as well. Better pips next time.

edit: saying that you probably entered a short on EA after, well I hope you did.
  • #53,993
  • Feb 25, 2015 3:40am Feb 25, 2015 3:40am
Quoting emmanuel7788
{quote} First, you need these 25-rules. http://www.forexfactory.com/showthre...57#post7975357 Rules #6, #20 and #22 are very important for you.

hahaha , thanks man , well explained
Risiko birgt immer auch die Chance.
  • #53,994
  • Feb 25, 2015 3:43am Feb 25, 2015 3:43am
Quoting Reece2076
Is there anyone on this thread who has been trading this systems since 2011 or even 2012? I remember when Big E started this thread, but I don't recognize any of the current posters. I'm wondering if there is anyone who started trading this system from the beginning of this thread until now. Over the years I've seen people come and go but not many seem to stick around too long which indicates this system doesn't work in the long run.
Hi Reece2076 Yes there are a few still around from way back, snarlyjack I believe traded with big E. I think most of the people trading this system from way back dont post on here to much now, its a shame as we could all benefit from it. Good luck with your TMS trading, it does work.
  • #53,995
  • Feb 25, 2015 3:56am Feb 25, 2015 3:56am
Quoting Reece2076
Is there anyone on this thread who has been trading this systems since 2011 or even 2012? I remember when Big E started this thread, but I don't recognize any of the current posters. I'm wondering if there is anyone who started trading this system from the beginning of this thread until now. Over the years I've seen people come and go but not many seem to stick around too long which indicates this system doesn't work in the long run.
Good post and questions, what matters is staying with the same strategy and with time you grow with it and it becomes second nature, a trader evolve with the strategy and eventually it becomes simple, time is the real deal, I have also saw those traders at one stage that came and vanished, some might still be trading this way but don't post others have moved on to another strategy and another and another and it just keeps another one to be profitable, but I really doubt that it works this way


For all those traders that dumped this strategy, if they have continued the way they might be seeing the light by now, or might be even profitable , its about doing the same thing over and over again , fixing , updating ones knowledge , evolving with the strategy until ones reach the goal they set at the first time they started this journey, I remember a post a while ago, a trader here posted and example about that a trader journey is like climbing everest, doesn't come easy and ones might be in the middle of the mountain before reaching the summit but fails and leave only it was just some time before reaching their ultimate goal
I Have Learned to Take Some Losses to Make Profits
  • #53,996
  • Feb 25, 2015 4:06am Feb 25, 2015 4:06am
Quoting TheScorpS
{quote} Good post and questions, what matters is staying with the same strategy and with time you grow with it and it becomes second nature, a trader evolve with the strategy and eventually it becomes simple, time is the real deal, I have also saw those traders at one stage that came and vanished, some might still be trading this way but don't post others have moved on to another strategy and another and another and it just keeps another one to be profitable, but I really doubt that it works this way For all those traders that dumped this strategy,...
  • #53,997
  • Feb 25, 2015 4:13am Feb 25, 2015 4:13am
Quoting Reece2076
Is there anyone on this thread who has been trading this systems since 2011 or even 2012? I remember when Big E started this thread, but I don't recognize any of the current posters. I'm wondering if there is anyone who started trading this system from the beginning of this thread until now. Over the years I've seen people come and go but not many seem to stick around too long which indicates this system doesn't work in the long run.
Its also possible that those traders earned wheel barrows full with money (just like Big E) and are now chilling at the Bahama's
  • #53,998
  • Feb 25, 2015 4:16am Feb 25, 2015 4:16am
Quoting Reece2076
Is there anyone on this thread who has been trading this systems since 2011 or even 2012? I remember when Big E started this thread, but I don't recognize any of the current posters. I'm wondering if there is anyone who started trading this system from the beginning of this thread until now. Over the years I've seen people come and go but not many seem to stick around too long which indicates this system doesn't work in the long run.
I read and followed (and traded) TMS from BigE`s start. According to my "Beginner`s Mind" I follow soon, but post rarely. My first post was within ca. 6 weeks (June 7th 2011) posting 4880. This posting I would repeat today with one alteration: BigE later recommended trading H1 IF you live in or near GMT1. He remarked, if it would be possible for him he would trade London market hours hourly. So for me its now H4 and H1.

RIP BigE and regards to all
  • #53,999
  • Feb 25, 2015 4:58am Feb 25, 2015 4:58am
Quoting Forex37
{quote} I read and followed (and traded) TMS from BigE`s start. According to my "Beginner`s Mind" I follow soon, but post rarely. My first post was within ca. 6 weeks (June 7th 2011) posting 4880. This posting I would repeat today with one alteration: BigE later recommended trading H1 IF you live in or near GMT1. He remarked, if it would be possible for him he would trade London market hours hourly. So for me its now H4 and H1. RIP BigE and regards to all
Thanks for posting and reminding us of the glory, I would definitely be here if I ever traded with BigE, Phx62, Emmanuel , SJ are still here, they are top traders that traded with BigE and we still learn from them , thanks all, and RIP BigE
I Have Learned to Take Some Losses to Make Profits
  • #54,000
  • Feb 25, 2015 5:12am Feb 25, 2015 5:12am
Quoting shaikjun
GJ in play now {image}
I hope you made some pips before it turns around.
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