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Trading Made Simple

  • #54,001
  • Feb 25, 2015 5:30am Feb 25, 2015 5:30am
http://s14.postimg.org/ific6wt1t/GBPJPYH4.png


Hate to be in the wrong side. I entered at the candle where the yellow line is, the TDI looks good. Is it just a trade that I have to lose sometimes, or I did something wrong?

I closed the trade although it has not reached the SL, I had lost 50 pips not even halfway to the SL line.
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  • #54,002
  • Feb 25, 2015 6:03am Feb 25, 2015 6:03am
Quoting iCarumba
{image} Hate to be in the wrong side. I entered at the candle where the yellow line is, the TDI looks good. Is it just a trade that I have to lose sometimes, or I did something wrong? I closed the trade although it has not reached the SL, I had lost 50 pips not even halfway to the SL line. {image}
The trend was up the entire chart from what I can see - you are trading against a strong trend.
  • #54,003
  • Feb 25, 2015 6:06am Feb 25, 2015 6:06am
Is this is a correct sell entry EU ?

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  • #54,004
  • Feb 25, 2015 6:07am Feb 25, 2015 6:07am
Quoting Mariodrugs
Is this is a correct sell entry EU ? {image}
Looks good to me

  • #54,005
  • Feb 25, 2015 6:15am Feb 25, 2015 6:15am
Can the tms angleator be used with the tms-watchdog version of TDI indicator, or is it best to use it only with the tdi red and green.
  • #54,006
  • Feb 25, 2015 6:23am Feb 25, 2015 6:23am
Quoting Ivanyo
{quote} The trend was up the entire chart from what I can see - you are trading against a strong trend.
There is always profitable setup against the trend. There are even two profitable counter trend trades if you look at that charts.
  • #54,007
  • Feb 25, 2015 6:47am Feb 25, 2015 6:47am
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 morning everyone,
(N/Y session).

Reece,

I can think of quite a few "old timers" traders that have been using
Tms for a long time (2011 or soon after) (myself, Emmanuel, Britpip, Phx62, X-Man,
Lastingwell) I can also think of lot's of really good traders that have
been trading this system for a long time (Cigarguy, Likica, Mary4x, Ominisha,
Griffinssoul, ScorpS, Heispark,).

Those are just the traders off the top of my head that I can think of.
Their are many, many really good traders here...I'm sorry if I left anyone
out (It's 5:30 a.m. my time & this is just a short list while I'm waking up).

The secret to this is: Stick with this system & learn it like the back of your
hand. Put in the time & effort that is required and your chances of success
in forex (or trading) is greatly enhanced.

sj
  • #54,008
  • Feb 25, 2015 6:47am Feb 25, 2015 6:47am
Quoting iCarumba
{image} Hate to be in the wrong side. I entered at the candle where the yellow line is, the TDI looks good. Is it just a trade that I have to lose sometimes, or I did something wrong? I closed the trade although it has not reached the SL, I had lost 50 pips not even halfway to the SL line. {image}
Hi iCarumba
Couple of reasons that I didn't take that trade.
1. There had been a very strong uptrend all day with all the news about and it looked like it was going to be a pullback.
2. The candle you entered on was right on a RN (183.500) that can act as support. I'd have waited until price had clear the RN if I was going to enter.

The BN Levels indi in the paperclip is always useful.

cheers
Never argue with a fool; onlookers may not be able to tell the difference.
  • #54,009
  • Feb 25, 2015 6:52am Feb 25, 2015 6:52am
Quoting Mariodrugs
Is this is a correct sell entry EU ? {image}
Mariodrugs,

Kinda...your trading right into the daily open line, so I
would not take the trade until it cleared the blue line.
Take a look at my chart.
sj
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  • #54,010
  • Feb 25, 2015 7:00am Feb 25, 2015 7:00am
Janet Yellen (Chair of the Fed) spoke with the
Senate yesterday. Today she speaks to the
Congress. Her meeting with the Congress could
move the markets today so be careful...
sj
  • #54,011
  • Feb 25, 2015 7:04am Feb 25, 2015 7:04am
Quoting snarlyjack
{quote} Mariodrugs, Kinda...your trading right into the daily open line, so I would not take the trade until it cleared the blue line. Take a look at my chart. sj {image}
Hi SJ, What's wrong with trading into daily open line?
  • #54,012
  • Feb 25, 2015 7:23am Feb 25, 2015 7:23am
Quoting iCarumba
{quote} Hi SJ, What's wrong with trading into daily open line?
iCarumba,

If you check out my chart & look at the (light blue)
Daily open line, price will bounce at that level like a
s/r line. You want to trade "away" from the Daily open
line not into it. In this case let price "clear" the Daily open
line, then trade "away" from the line.
sj
  • #54,013
  • Feb 25, 2015 7:40am Feb 25, 2015 7:40am
Quoting snarlyjack
{quote} iCarumba, If you check out my chart & look at the (light blue) Daily open line, price will bounce at that level like a s/r line. You want to trade "away" from the Daily open line not into it. In this case let price "clear" the Daily open line, then trade "away" from the line. sj
sj,

Wise advice to iCarumba and other Price Action Support & Resistance traders.....
Keep It Simple
  • #54,014
  • Feb 25, 2015 7:40am Feb 25, 2015 7:40am
Hi everybody
I have a question.
Can I load templates for Trading Made Simple on metatrader on IPAD?
I have a MT4 account on IPAD but dont know how to load it.
Thank you.
Demand is not one wants, but what one can pay for
  • #54,015
  • Edited 7:57am Feb 25, 2015 7:46am | Edited 7:57am
Quoting iCarumba
{image} Hate to be in the wrong side. I entered at the candle where the yellow line is, the TDI looks good. Is it just a trade that I have to lose sometimes, or I did something wrong? I closed the trade although it has not reached the SL, I had lost 50 pips not even halfway to the SL line. {image}
I would never had opened that trade.
- You are going against the trend, both the 4h and the daily trend.
- You are selling at a tdi cross over the 50 line.

Maybe i am a bit conservative, but i want too see a agreement between the 4h & daily chart, and if there is one, i will only look at buy signal when the tdi cross over the 50 line, and sell when crossing under the 50 line!

Happy Trading!
MY SITTING, NEVER MY THINKING!
  • #54,016
  • Feb 25, 2015 7:50am Feb 25, 2015 7:50am
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.
The first trader that comes to my mind is snarlyjack. I have been reading the Whole thread (Every single page!!!) - And its simply amazing to Watch sj 'grow' from some of his first post in this thread, and watching his post now! Thats PATIENCE AND HARD WORK in my mind. - Hats off
MY SITTING, NEVER MY THINKING!
  • #54,017
  • Feb 25, 2015 7:53am Feb 25, 2015 7:53am
Quoting rupasi
{quote} Hi TSS! Can you explain the box, does that represent the london session? The top part of the box is then the high of the session? Thanks.
yes that is the London high and low session indicator , I totally have missed your post and just seen that now
I Have Learned to Take Some Losses to Make Profits
  • #54,018
  • Feb 25, 2015 8:57am Feb 25, 2015 8:57am
Is there any reason why this trade went wrong?

Attached Image (click to enlarge)
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Sell under a recent S/R box, under recently broken 200EMA, TDI Cross under MBL, TDI 4H going down. Maybe it falls again... perhaps is the common pullback to the 200EMA after a breakout? Or perhaps that (just seen it ) I sold very near the 32 line...

Thanks in advance!
Had to be me. Someone else might have gotten it wrong.
  • #54,019
  • Feb 25, 2015 9:14am Feb 25, 2015 9:14am
It's good to see several people have stuck with this trading strategy. I wonder if anyone has kept a trade explorer tracking the results of this method?
  • #54,020
  • Feb 25, 2015 9:17am Feb 25, 2015 9:17am
Quoting mordin
Is there any reason why this trade went wrong? {image} Sell under a recent S/R box, under recently broken 200EMA, TDI Cross under MBL, TDI 4H going down. Maybe it falls again... perhaps is the common pullback to the 200EMA after a breakout? Or perhaps that (just seen it ) I sold very near the 32 line... Thanks in advance!
Mordin,

When I look at my chart, it looks like
you went in late. See where price broke out
of the pac, that was the ideal entry.
sj
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