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Trading Made Simple

  • #54,061
  • Feb 26, 2015 12:10am Feb 26, 2015 12:10am
Quoting emmanuel7788
{quote} Good question, as usual, the market will set up some traders today. While we look for TMS setups, don't let the market set you up for the slaughter. see chart below. {image}
Oh i see what you mean, so its better to wait a few hours to see if the support will break and potentially look for a buy order around the 50 level?
  • #54,062
  • Feb 26, 2015 12:51am Feb 26, 2015 12:51am
Quoting roterio
Thank you Emmanual. Is there a place where I can find all needed templates of indicators to show a screen similar to yours? Rehards.
Hi roterio
You can download and install T.Interceptor app on your ipad/iphone, it has HA candles, and use this to look for trade setups then open the trade on the mt4 app.
  • #54,063
  • Feb 26, 2015 1:00am Feb 26, 2015 1:00am
Quoting Next4467
{quote} Hi roterio You can download and install T.Interceptor app on your ipad/iphone, it has HA candles, and use this to look for trade setups then open the trade on the mt4 app.
Thank you Next
Can I useTDI indicator?
Demand is not one wants, but what one can pay for
  • #54,064
  • Feb 26, 2015 1:33am Feb 26, 2015 1:33am
Quoting roterio
{quote} Thank you Next Can I useTDI indicator?
You can replicate it

 

  1. Post 51,658

Sad i'm not trying to understand PA
  • #54,065
  • Feb 26, 2015 1:35am Feb 26, 2015 1:35am
https://charts.mql5.com/7/113/audusd...-division7.png

Just entered short. Correct entry?
  • #54,066
  • Feb 26, 2015 1:40am Feb 26, 2015 1:40am
Quoting emmanuel7788
{quote} GBPJPY D chart: Did anyone follow GJ the last 2 days?
Hi Emm,

Did you forget to attach the GJ daily chart to the quoted post ?

Yes, I trade GJ and this trade went just like the EA trade that I took this week but still +ve week.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ H1 profit taken.png Size: 145 KB


Kindest Regards

EDIT: The traded day was in the range of previous day, when I mentioned Bullish day for the traded day, I meant expected bullish move. But It remained in the range of previous day.
  • #54,067
  • Feb 26, 2015 1:56am Feb 26, 2015 1:56am
EA - before LO, let see how it work
Attached Image (click to enlarge)
Click to Enlarge Name: 2-26-2015 2-52-38 PM.png Size: 31 KB
  • #54,068
  • Feb 26, 2015 2:00am Feb 26, 2015 2:00am
Quoting iCarumba
{image} Just entered short. Correct entry?
carumba,
In my opinion (newbie on TMS) you entered in a counter-trend short position while the daily moves sideways to weak bullish. Also the TDI was hoking back up as I can see in your SS and you disregarded a bunch of the rules from #post647 .

On my charts this looks like a counter-trend on a weak momentum which stopped dead on the 50 line of the TDI. I would have not taken this trade because of the counter-trade situation primarily, but other issues too.
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 46 KB
Best regards, Zef
  • #54,069
  • Feb 26, 2015 2:21am Feb 26, 2015 2:21am
As my friend Ballistical would say:

"Classic TMS entry, break of asian session low, entered at FO/LO. Good for 50. Done for the day".

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 50 KB
  • #54,070
  • Feb 26, 2015 2:21am Feb 26, 2015 2:21am
Yes its a losing trade ...

Yes the short term trend is bullish, but longer terms is bearish. I entered because the first 2 red candles showed good momentum.
  • #54,071
  • Feb 26, 2015 2:22am Feb 26, 2015 2:22am
Quoting Vladbold
As my friend Ballistical would say: "Classic TMS entry, break of asian session low, entered at FO/LO. Good for 50. Done for the day". {image}
Wonderful trading Vladbold
Sad i'm not trying to understand PA
  • #54,072
  • Feb 26, 2015 2:38am Feb 26, 2015 2:38am
Quoting Vladbold
As my friend Ballistical would say: "Classic TMS entry, break of asian session low, entered at FO/LO. Good for 50. Done for the day". {image}
Nice trade
  • #54,073
  • Feb 26, 2015 2:39am Feb 26, 2015 2:39am
Quoting Vladbold
As my friend Ballistical would say: "Classic TMS entry, break of asian session low, entered at FO/LO. Good for 50. Done for the day". {image}
Perfect Vladbold! And out before all the Euro news...

I wish I'd been at my charts around FO like you and Pervis.

I took late entry at LO breaking TMS rules since its the 3rd candle.. currently sitting at +35...
Focus on the process and the profits will follow
  • #54,074
  • Feb 26, 2015 2:42am Feb 26, 2015 2:42am
Quoting Ballistical
{quote} Perfect Vladbold! And out before all the Euro news... I wish I'd been at my charts around FO like you and Pervis. I took late entry at LO breaking TMS rules since its the 3rd candle.. currently sitting at +35...
I still don't know how to quote more people.

Omonisha, thank you! Saw your trade in the other thread, congrats!

Pervis, you still in it?
Bal, seems like it hit your TP with the recent new low, right ?
  • #54,075
  • Feb 26, 2015 2:53am Feb 26, 2015 2:53am
Does anyone see a set up for short in Eurusd 4 hours?
Demand is not one wants, but what one can pay for
  • #54,076
  • Feb 26, 2015 3:04am Feb 26, 2015 3:04am
Quoting roterio
Does anyone see a set up for short in Eurusd 4 hours?
Roterio,

I am watching it too. It has a lot of space (at least 130 pips) on the downside until previous S/R. Watch out for the Unemployment news coming out of the US in 4 hours. If it beats expectations this should further strengthen the us$ and we might just be able to catch that momentum for some nice green pips!
Best regards, Zef
  • #54,077
  • Feb 26, 2015 3:05am Feb 26, 2015 3:05am
Quoting roterio
Does anyone see a set up for short in Eurusd 4 hours?
wheres the short trade roterio?
eurusd is very unbalanced atm.
tdi has not crossed and angles are flat

Attached Image (click to enlarge)
Click to Enlarge Name: eu 4h.png Size: 78 KB
  • #54,078
  • Feb 26, 2015 3:28am Feb 26, 2015 3:28am
Quoting emmanuel7788
{quote} Reece, I don't use trade explorer. I use myfxbook. You have been around since 2010 during the Craig Harris Stochastics Method days. I just read your all your 14 posts, and I have one question: What have you done during those years? You want to see a 'proof of method' now , well that is very simple. Just scroll back to every currency chart and do a visual back-test of this simple method. Then the next thing to do is to trade live in realtime market conditions using a demo account to test the method and see how it will work with your own money...

Hi Emmanuel thanks for the response. I actually started trading forex around 2007 and became very active around 2009 experimenting with different trading strategies. Over the past few years I haven't had as much free time to trade manually so I started trading with EAs. I designed a few myself, bought a few and downloaded a lot for free. I currently use just 1 now that is profitable but it trades infrequently, so I am looking for other methods I can also trade. I know trading with EA's is heresy around here, but I began to realize that if any method is truly good then you should be able to set the parameters in an EA and trade it profitably. EAs helped me figure out very quickly which methods only work in the short term, or only in certain markets, and which ones can be profitable in the long run.

Yesterday I decided to check back here at Forex Factory to see if any methods that I used to trade were still around and still doing well. Which is why I asked if there are people who have been trading this method since the beginning. I also found a couple of old EAs based on this method. I realize they both have a couple of flaws that cause them to lose trades when they shouldn't; but before I try to tinker with them I wanted to know if there are people, who have been trading this method and following a strict set of rules, were profitable.

Have there been any changes to the original method? Have you guys discovered any other rules that will cut down on the losses? If there is an updated PDF or post with the rules including any changes could you post a link? Do you mind sharing your myfxbook with us? If not I understand.
  • #54,079
  • Feb 26, 2015 3:31am Feb 26, 2015 3:31am
EUR/AUD short at LO

+65.3
Attached Image (click to enlarge)
Click to Enlarge Name: ea lo.png Size: 137 KB
  • #54,080
  • Feb 26, 2015 4:01am Feb 26, 2015 4:01am
AUD/USD long

+45.7
Attached Image (click to enlarge)
Click to Enlarge Name: aud long.png Size: 52 KB


USD/CAD short

+23.6
Attached Image (click to enlarge)
Click to Enlarge Name: ucad short.png Size: 46 KB
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