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Trading Made Simple

  • #54,361
  • Mar 3, 2015 3:04am Mar 3, 2015 3:04am
i posted this problem earlier ..but still i can't relief from it .it is my humble request to all my TMS family/FFF ..if you know any solution idea please let me know and save me from this annoying situation.why we need log file?what is the important of it?i delete it manually is it create any problem in future?any indi/ea/script to dell log file auto/immediate?

 

  1. Post 53,513

Attached Image (click to enlarge)
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Say something meaningful or Silence!!
  • #54,362
  • Mar 3, 2015 4:08am Mar 3, 2015 4:08am
Quoting snarlyjack
{quote} Yenvila, Welcome to Tms. Your chart looks nice & clean. My friend Ryanlum is from Malaysia (very nice person). If you need any help, please feel free to ask! sj
Haha cool... thanks SJ !

Actually, I got my TMS chart template ideas from you
  • #54,363
  • Mar 3, 2015 4:56am Mar 3, 2015 4:56am
Quoting snarlyjack
{quote} Next, Nice chart! If I put on my price action hat I see a very nice pin bar set-up (going short) that would attract my interest. Good eyes... sj
Thanks SJ
  • #54,364
  • Mar 3, 2015 5:17am Mar 3, 2015 5:17am
Quoting snarlyjack
{quote} Mokuro, The "Pac" is the price action channel (yellow channel). Your chart is looking better & cleaner. Use these indicators. Less is more! Take a look at my chart. I hope I helped you... sj {image} {file} {file} {file} {file} {file} {file} {file}
What is the difference between TRO Multi Meter H4-H1 and the synergy MTF?

Thanks SJ !!
  • #54,365
  • Mar 3, 2015 5:18am Mar 3, 2015 5:18am
Nothing major today, just +21 pips on EJ
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #54,366
  • Mar 3, 2015 5:29am Mar 3, 2015 5:29am
Very slow market today... I only opened one trade today and it has been ranging from -10 pips to +8 for a while, so I'm thinking about closing it... no momentum.

Perhaps I scalp a trade or two later, but not sure, because I'll catch the late hours of NY, and does not have much volume neither
Had to be me. Someone else might have gotten it wrong.
  • #54,367
  • Mar 3, 2015 5:51am Mar 3, 2015 5:51am
Hello all,

I have been reading this thread from page 1 and I am at page 150 now. I noticed that some people are using other indicators like the pac while Big E always said keep it simple and no need for additional indicators because it will impact your decisions.. I am new to this method and I just want to make sure

Btw, Dforant1 posted this in another thread and it might be useful to exit positions

http://www.forexfactory.com/attachme...1&d=1425340158

Thoughts?
  • #54,368
  • Mar 3, 2015 7:03am Mar 3, 2015 7:03am
Quoting snarlyjack
Ballistical, One of the things I did that really helped me was to "frame" the market. It helped me when I put in s/r lines & the daily open lines. Compare your chart to my chart... I hope I helped you! sj {image}
Hey SJ thanks for response earlier, much appreciated! Just curious what indicators you use that draw the support and resistance and daily open lines? or if you do that by hand on each chart? I got used to using think or swim but now i'm trying to use MT4... constantly getting confused what time it is in MT4 because they don't let you change the time zone for some reason.. I got my MT4 practice client from Oanda and for some reason it's stuck in GMT +2 I believe.. Just curious which pairs you like to keep tabs on for making trades? thanks!
  • #54,369
  • Mar 3, 2015 7:06am Mar 3, 2015 7:06am
Quoting snarlyjack
{quote} Haydo, Trading takes time to learn. You might as well enjoy the process & learn some new things...I learn something new everyday. Their are some amazing traders in here! The usd/cad looks tight to me on the daily...check out my chart. sj {image}
Hi SJ, hope you are well, and I see you have many newbies under your watchful eye.

I haven't posted for a while, my variation on the TMS theme created too much disturbance for everyone so I backed off.

Anyway, I thought you might be interested in a very brief update on my progress since then.

I have slightly changed my template, it includes the TMS- cross oscillator which fires off arrows when the TDI crosses still, but have no use for the TDI subwindow, so that's gone.

My chart is quite barren now, and my chart attached doesn't even need two sets of price line which I showed you before (although it is used in another variation of mine).

Instead I am able to use _kg_market_hours with settings to guide likely price direction in the form of red and blue horizontal lines.

I've been using this super simple method for a little while now, and this week for example I've made 25 trades, 4 not triggered, 10 in progress, including EU on the attached chart), and 11 completed, all reaching T/P, for a pip haul this week thus far of 340 pips. Incidentally, I use 3 orders per entry set, heavy, medium and light and TPS are set accordingly.

Anyhow, enough waffle, I've attached an EU 1hr chart just to illustrated the simplicity.

And don't worry SJ, I've no intention of re-gate-crashing the party lol, I learnt my lesson, but at least you showed some interest, so just thought I'd post this...I'll get outta ur way now

Cheers mate...LL

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  • #54,370
  • Mar 3, 2015 7:32am Mar 3, 2015 7:32am
Quoting rupasi
HI All, Has anyone had any issue with the ASR indi? Mine is showing up not as a small square but as a symbol. Same thing with the DSR. Edit: I am taking out the guppys, although I really like them on the lower TF trades. I also really like the tdi angle, outside the pac, and 2nd candle, PA is sitting right above the light grey box, suggesting no trade. Thoughts? {image}
Good morning everyone,
(N/Y session).

Rupasi,

I have had no issue's with the asr s/r indicator.
I have all the Synergy Pro indicators in my indicator file.
If you go to post # 50,214 you can put all the indicators in
your file & that might fix your problem. Give it a try.
sj
  • #54,371
  • Mar 3, 2015 7:39am Mar 3, 2015 7:39am
Quoting farhad10
{quote} Ballistical; Your entry is a good one! Why did not you put tp at 20 / 25 ? Your tp is 50 again! Set the R/R to 20-10 or 30-15 and do it again and look at the trend! H4 is down trend! When you are in down trend, should not wait for a 50 pips tp ! Regards
Ballistical,

I agree...the entry look's good. It looks like
you missed the exit (Tdi crossing /hooking down).
If your on the 1 hour chart & your pressed for time,
I would jump up to the 4 hour chart. The 4 hour chart
has a lot of advantages...not being as concerned about
new's is one of them. Why don't you give it a try & see
what you think.
sj
  • #54,372
  • Mar 3, 2015 7:44am Mar 3, 2015 7:44am
Quoting ForexAussie
I have recently joined and am looking forward to get a better understanding of the trading methodology of TMS. At the end of last year, I have spend a few weeks reading through the posts, but realized that I won't get ahead as I am time poor, so I have skipped a few hundred post and found the last few months quit informing. Thanks for all the mentors and the time and effort they have invested to help other members to better understand the system. Keep up the good work. In order to understand and apply the the different indicators, could someone...
ForexAussie,

Welcome to Tms.
If you go to post # 50,214 you will find the
updated indicators. Be sure to read the ebook for
a quick update. We are not using all of the indicators
(they are redundant) but the Tdi, s/r levels & pac are
very good.
sj
  • #54,373
  • Mar 3, 2015 7:51am Mar 3, 2015 7:51am
Quoting mousteven
Hello everyone, please help... Many of the pro traders would recommend to trade longer time frame including the owner of this thread eelFranz in order to make greater profit. But I have a question, how can pro trader manage to keep D1 trade overnight, especially, when losing pips ? For example, If I trade h1 or h4 tf, i can quickly realize if i made a good or bad entry within the next few hours. However, If i trade D1 tf, i would need day or days to realize the result, and not to mention TDI green line will move up and down constantly adjusting...
Mousteven,

Welcome to Tms.

I believe most traders would agree that the longer time frames are
the best time frames to learn on. Emmanuel, Eelfranz, myself, plus lot's
of other traders use the higher time frames. What we do is position size
so our risk is the same. On the longer time frames I'll reduce my risk by
reducing the dollar amount of the trade. Their are a lot of advantages
to the higher time frames. Give it a try...
sj
  • #54,374
  • Mar 3, 2015 7:55am Mar 3, 2015 7:55am
Quoting IonTrading
Been testing TDI for a week now. Can someone tell me if this is a good trade? EJH4 {image}
IonTrading,

Welcome to Tms.
The "pac" price action channel with s/r levels
help's me to see the entry's/exit's clearer.
Give it a try & see what you think.
sj
  • #54,375
  • Mar 3, 2015 7:56am Mar 3, 2015 7:56am
Quoting FXpiphunter
Hello all, I have been reading this thread from page 1 and I am at page 150 now. I noticed that some people are using other indicators like the pac while Big E always said keep it simple and no need for additional indicators because it will impact your decisions.. I am new to this method and I just want to make sure Btw, Dforant1 posted this in another thread and it might be useful to exit positions {image} Thoughts?
Fxpiphunter,

Welcome.

I like your chart! That is very interesting...
sj
  • #54,376
  • Mar 3, 2015 8:03am Mar 3, 2015 8:03am
Quoting bobbyspider
{quote} Hey SJ thanks for response earlier, much appreciated! Just curious what indicators you use that draw the support and resistance and daily open lines? or if you do that by hand on each chart? I got used to using think or swim but now i'm trying to use MT4... constantly getting confused what time it is in MT4 because they don't let you change the time zone for some reason.. I got my MT4 practice client from Oanda and for some reason it's stuck in GMT +2 I believe.. Just curious which pairs you like to keep tabs on for making trades? thanks!...
Bobbyspider,

On post # 50,214 is the s/r indicators that I use.
However, hand drawn s/r is good also (maybe better).
I think we are all trading different pairs. Because we trade
different sessions. The Usd pairs work very good in the
US session. The Gbp & Aud pairs work very good in the
London session. All the pairs have different ADR (average daily range)
numbers.
sj
  • #54,377
  • Mar 3, 2015 8:10am Mar 3, 2015 8:10am
Quoting Landline
{quote} Hi SJ, hope you are well, and I see you have many newbies under your watchful eye. I haven't posted for a while, my variation on the TMS theme created too much disturbance for everyone so I backed off. Anyway, I thought you might be interested in a very brief update on my progress since then. I have slightly changed my template, it includes the TMS- cross oscillator which fires off arrows when the TDI crosses still, but have no use for the TDI subwindow, so that's gone. My chart is quite barren now, and my chart attached doesn't even need...
Landline,

Thankyou.

This is just my opinion. I think learning the price action/apb's
will take you further in trading. I would concentrate on learning how
the Apb's move & get used to watching them. Their is lot's of useful
information in the Apb's that you can use in the future...
sj
  • #54,378
  • Mar 3, 2015 8:31am Mar 3, 2015 8:31am
Quoting snarlyjack
{quote} Landline, Thankyou. This is just my opinion. I think learning the price action/apb's will take you further in trading. I would concentrate on learning how the Apb's move & get used to watching them. Their is lot's of useful information in the Apb's that you can use in the future... sj
Hi SJ,

I originally used HA etc, but for me they do nothing more than tell me particles of time in the form of candles HA etc of what PA is doing. My variation of the TMS theme needs the bigger picture and hence I only have the need for a price line and not individual pieces of price in their candle form.

I appreciate what you have said though, but whilst I'm making unprecedented profit, then I'll continue with my method, accepting that it is an unusual approach...but our goal is to make as much as profit as possible in the easiest and least stressful way possible, so Ill continue until that changes....many thanks for your concern though

Cheers...LL
  • #54,379
  • Mar 3, 2015 8:38am Mar 3, 2015 8:38am
Quoting classy
i posted this problem earlier ..but still i can't relief from it .it is my humble request to all my TMS family/FFF ..if you know any solution idea please let me know and save me from this annoying situation.why we need log file?what is the important of it?i delete it manually is it create any problem in future?any indi/ea/script to dell log file auto/immediate? Post 53,513 {image}
Hi Classy

The log file is a copy of the text sent to the Expert tab in the MT4 terminal. It originates from a "Print" command in one of the EA's or indicator's that you are using. It should tell you where its coming from at the start of each line of the log.

To stop this from happening you could edit the mq4 file if you have access to it and replace the print command with //print. Alternatively just delete the log files - it won't cause any problems.

Regards
  • #54,380
  • Mar 3, 2015 8:47am Mar 3, 2015 8:47am
Quoting mokuro89
{quote} What is the difference between TRO Multi Meter H4-H1 and the synergy MTF? Thanks SJ !!
Mokuro,

I'm sure their is a difference in how they analyze the multi time frames,
exactly what the difference is I do not know. But, the Synergy MTF
indicator was really slowing down my computer & the TRO multi meter
had no noticeable effect on my computer. That's why I use the
TRO Multi meter. Is it better, who knows...
sj
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