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Trading Made Simple

  • #54,641
  • Mar 7, 2015 3:59am Mar 7, 2015 3:59am
[quote=omonisha;8112271]{quote} Thanks mordin. You are also doing great. let the set up come to you. Near term trend bearish. EJ Yesterday was an IB after 2 D1 retracement.. Price pulback from the weekly S/R. Entered on the break of previous day low.

Hi again omonisha can I ask, your lines showing yesterday's hi and lo, they come from the left of the chart up to current price, is that an indi, my yesterday hi / lo India draws them from the right. I like yours better if it's an indi could you point me to it please.
Thanks Next4467
  • #54,642
  • Mar 7, 2015 4:11am Mar 7, 2015 4:11am
hi emm7788 where can find adr multplier to determine the range levels 40%, 70% and 120% calculated by 100 days and thanks emm7788
  • #54,643
  • Mar 7, 2015 4:45am Mar 7, 2015 4:45am
[quote=Ballistical;8118925] 2015 Week 10 - Trade Summary: 5 trades in total: - 2 wins - 0 BE - 3 Losses
Hi Ballistical
great summary again, happy that you managed to make a few pips this week. Please keep up with the summaries they are a great help to and I'm sure to many others as well.
Hope you continue to make green pips every week.
Next4467
  • #54,644
  • Mar 7, 2015 5:00am Mar 7, 2015 5:00am
Hi TMS traders
I'm looking for some help and advice. I have been trying to trade the H1 charts, when I have time I don't do to bad but my problem is having time at the computer. I was thinking of moving up to the H4 charts to see if I can benefit at all. I like to try and keep it simple (KISS) as I find I get paralysed with it all and never enter a trade. I would really like some advice on trading the H4 especially trading EURAUD. So if anyone can help I would really appreciate it.
Thanks
Next4467

edit.. Forgot to say I live in London and like to trade the London session but I also work full time during the London session, I can check my computer some times but there's no regular time or pattern to when Im in front of it.
  • #54,645
  • Mar 7, 2015 5:14am Mar 7, 2015 5:14am
Quoting Next4467
Hi TMS traders I'm looking for some help and advice. I have been trying to trade the H1 charts, when I have time I don't do to bad but my problem is having time at the computer. I was thinking of moving up to the H4 charts to see if I can benefit at all. I like to try and keep it simple (KISS) as I find I get paralysed with it all and never enter a trade. I would really like some advice on trading the H4 especially trading EURAUD. So if anyone can help I would really appreciate it. Thanks Next4467 edit.. Forgot to say I live in London and like to...
What capital do you have?
Enter Signature
  • #54,646
  • Mar 7, 2015 7:51am Mar 7, 2015 7:51am
Quoting Erebus
{quote} To follow up, what exactly are you expecting from an indicator that draws lines from a fixed point e.g. the Daily Open? It can't tell you which direction price will go It won't tell you how far price will go It won't tell when / IF price will reverse It only gives an "indication" of how far it MAY go using PAST history What kind of trader are you, scalp, long term? How would you trade this chart below? A lot of traders would like to make 60 pips I'm sure! If you have something better, please share Have a great weekend everybody {image}...
Makes sense to me. I actually only shoot for about 30 pips or so. I am much more accurate in that range. Thanks for your response. I would trade that chart exactly as shown except I would have gone for 30 pips. That chart would have made me a good deal of $$$ lol!!!

Cheers
  • #54,647
  • Mar 7, 2015 8:16am Mar 7, 2015 8:16am
Quoting Next4467
Hi TMS traders I'm looking for some help and advice. I have been trying to trade the H1 charts, when I have time I don't do to bad but my problem is having time at the computer. I was thinking of moving up to the H4 charts to see if I can benefit at all. I like to try and keep it simple (KISS) as I find I get paralysed with it all and never enter a trade. I would really like some advice on trading the H4 especially trading EURAUD. So if anyone can help I would really appreciate it. Thanks Next4467 edit.. Forgot to say I live in London and like to...
Next,

My favorite 2 charts are the Daily charts & 4 hour charts.

First of all, the Daily chart is the most accurate long term chart
we have. Trades can take some time to develop. But if your a long term
trader it is a awesome way to trade.

The 4 hour chart is our 2nd most accurate long term chart we have. Trades
develop faster than the daily. But if your a medium term trader the 4 hour can be
very good. The 4 hour chart is used to fine tune the Daily chart.

By what you wrote "there is no regular time or pattern when you have access to the computer".
I would be looking at the Daily as my #1 chart, then looking at the 4 hour as my #2 chart.
I "scalp" the daily chart all the time because the trend is more accurate. Follow the Daily
open line & watch the Tdi along with s/r. Look at these 2 charts...what do you see?

When I was learning how to trade I concentrated on these 2 charts for years and did
really good. I watch these 2 time frames all the time!

sj
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 64 KB
Click to Enlarge Name: EURAUDH4.png Size: 63 KB
  • #54,648
  • Mar 7, 2015 8:33am Mar 7, 2015 8:33am
Quoting snarlyjack
{quote} Next, My favorite 2 charts are the Daily charts & 4 hour charts. First of all, the Daily chart is the most accurate long term chart we have. Trades can take some time to develop. But if your a long term trader it is a awesome way to trade. The 4 hour chart is our 2nd most accurate long term chart we have. Trades develop faster than the daily. But if your a medium term trader the 4 hour can be very good. The 4 hour chart is used to fine tune the Daily chart. By what you wrote "there is no regular time or pattern when you have access to the...
Hello Snarlyjack

I am new and am asking you because you are always so helpful! I would also like to trade TMS on the 4 hour charts during the London session and I also live and work in London and I was wondering if you would recommend the Cave Manager as a way of trading while away from the charts? Do you have experience with this? Is it easy to use for someone like me who has no programming experience. I would appreciate your help
  • #54,649
  • Mar 7, 2015 8:45am Mar 7, 2015 8:45am
Just wanted to drop by and say hi to everyone.

I'm having a TMS marathon, reading through Big E's posts (again), the main rules of the system (again), and Phx62's studies (again). I find myself wanting to do this every so often, because i always find something new i've never seen before. Starting new week with all information fresh in my mind, and one less currency pair on my trading platform (dropping the E/u).

Me and my cat salute all of you, and waiting eagerly to see if Phx or Lastingwell want to share last week's trades with us.
Green pips!
  • #54,650
  • Mar 7, 2015 9:32am Mar 7, 2015 9:32am
Quoting Pervis
{quote} Hi TSS, The TDI is default available in T.Interceptor I thing it's related to your version, you should update the latest one. {image}
Thanks a lot Pervis, finally got it , and I think as you said the new version implemented TDI finally in their platform.
I Have Learned to Take Some Losses to Make Profits
  • #54,651
  • Mar 7, 2015 9:33am Mar 7, 2015 9:33am
Quoting Vladbold
Just wanted to drop by and say hi to everyone. I'm having a TMS marathon, reading through Big E's posts (again), the main rules of the system (again), and Phx62's studies (again). I find myself wanting to do this every so often, because i always find something new i've never seen before. Starting new week with all information fresh in my mind, and one less currency pair on my trading platform (dropping the E/u). Me and my cat salute all of you, and waiting eagerly to see if Phx or Lastingwell want to share last week's trades with us. Green pips!...
2 thumps up
I Have Learned to Take Some Losses to Make Profits
  • #54,652
  • Mar 7, 2015 10:56am Mar 7, 2015 10:56am
Quoting snarlyjack
{quote} Next, My favorite 2 charts are the Daily charts & 4 hour charts. First of all, the Daily chart is the most accurate long term chart we have. Trades can take some time to develop. But if your a long term trader it is a awesome way to trade. The 4 hour chart is our 2nd most accurate long term chart we have. Trades develop faster than the daily. But if your a medium term trader the 4 hour can be very good. The 4 hour chart is used to fine tune the Daily chart. By what you wrote "there is no regular time or pattern when you have access...
I absolutely 100% agree with SJ. Especially using PAC to find the entry. At first, I couldn't understand how the pros trade daily timeframe but later I realized how clear the long charts are, and how easy to see the entry using PAC. I just earned 200+ pips on GU (daily) from Wednesday to Friday. The reverse trend was quite OBVIOUS , I entered right next to the candle below the bottom yellow line. I left another trade open which is GJ, I hope it drops like GU.Again, thank you SJ, you are my hero, I'm on my way to financial freedom.
  • #54,653
  • Mar 7, 2015 12:16pm Mar 7, 2015 12:16pm
Quoting snarlyjack
{quote} Next, My favorite 2 charts are the Daily charts & 4 hour charts. First of all, the Daily chart is the most accurate long term chart we have. Trades can take some time to develop. But if your a long term trader it is a awesome way to trade. The 4 hour chart is our 2nd most accurate long term chart we have. Trades develop faster than the daily. But if your a medium term trader the 4 hour can be very good. The 4 hour chart is used to fine tune the Daily chart. By what you wrote "there is no regular time or pattern when you have access to the...
That is pretty much what I've found out myself to work best for me. If really with the lot size I plan on entering live, 1 or 2 trades a month which will hit the TP would be enough for me. The daily chart with the HA candles, PAC and TDI setup is absolutely clear on the EA EU and even more so on the S&P500 with its 6 years bull market. These 3 will produce at least 3-4 high probability trades every month so that's way more than I need.

SJ you are truly carrying Big E's legacy further here and I salute you for that.

Green pips to all traders here
Best regards, Zef
  • #54,654
  • Mar 7, 2015 1:07pm Mar 7, 2015 1:07pm
Quoting Next4467
Hi TMS traders I'm looking for some help and advice. I have been trying to trade the H1 charts, when I have time I don't do to bad but my problem is having time at the computer. I was thinking of moving up to the H4 charts to see if I can benefit at all. I like to try and keep it simple (KISS) as I find I get paralysed with it all and never enter a trade. I would really like some advice on trading the H4 especially trading EURAUD. So if anyone can help I would really appreciate it. Thanks Next4467 edit.. Forgot to say I live in London and like to...
Next,

I know of many traders here are in the same situation like you. They want to trade, but they do not have the time or cannot have access to their trading computer due to varied reasons.

Trading for a supplement income (I am not talking about trading for a living here) should be treated as a business. You first must make that commitment to be make time for trading. There is time for trading learning and education, for trade planning and for the actual trading tasks.

You said you can trade H1 but despite being restricted to time availability you did okay so far. That's good. But now you have set your objective to trade H4 and even chosen the EURAUD currency pair.
Why H4 and not H6 or H8? You limited yourself to chart time frame available on MT4 platform.
Why have your chosen EURAUD?

You have 24 hours and you will see 24 H1 candles in any currency charts. Please tell me exactly, which particular time of the day will you commit to be at your trading computer?
use the pic below where the time is your London time and the market sessions shown.
Attached Image (click to enlarge)
Click to Enlarge Name: Market sessions hours.png Size: 22 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,655
  • Mar 7, 2015 1:11pm Mar 7, 2015 1:11pm
Quoting firas1980
hi emm7788 where can find adr multplier to determine the range levels 40%, 70% and 120% calculated by 100 days and thanks emm7788

Firas,

Explained by Erebus in post#54,554 and he provided his indicator.
You can change that to 100-days and any % you want.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #54,656
  • Mar 7, 2015 2:23pm Mar 7, 2015 2:23pm
Quoting snarlyjack
{quote} Next, My favorite 2 charts are the Daily charts & 4 hour charts. First of all, the Daily chart is the most accurate long term chart we have. Trades can take some time to develop. But if your a long term trader it is a awesome way to trade. The 4 hour chart is our 2nd most accurate long term chart we have. Trades develop faster than the daily. But if your a medium term trader the 4 hour can be very good. The 4 hour chart is used to fine tune the Daily chart. By what you wrote "there is no regular time or pattern when you have access to the...
@snarlyjack
I would like to study the above and demo your approach -where can I find an explanation of terms such as "pac" etc and more explanations of your approach please ?
Regards
Neil UK
every Saint has a past. Every Sinner has a Future
  • #54,657
  • Mar 7, 2015 3:28pm Mar 7, 2015 3:28pm
Quoting emmanuel7788
{quote} Firas, Explained by Erebus in post#54,554 and he provided his indicator. You can change that to 100-days and any % you want. regards,
thank you emm7788 for your explain in Erebus provide two levels but in other post provide three levels in this picture below.how can add third level.

regards
Attached Image (click to enlarge)
Click to Enlarge Name: ADR 30 days multiplier.png Size: 41 KB
  • #54,658
  • Mar 7, 2015 5:48pm Mar 7, 2015 5:48pm
Great to see this thread still going strong and Emmanuel expanding the threads third eye. Been away and in a private forum, which is my new home. I wish all the old heads and new one's every success! KISS and stick to your trading plans (if you don't have prepare one!) Emmanuel your a saint :-)
  • #54,659
  • Mar 7, 2015 5:56pm Mar 7, 2015 5:56pm
Quoting Trendzalore
{quote} Makes sense to me. I actually only shoot for about 30 pips or so. I am much more accurate in that range. Thanks for your response. I would trade that chart exactly as shown except I would have gone for 30 pips. That chart would have made me a good deal of $$$ lol!!! Cheers
That's great, I may have taken your first post the wrong way, good we can see the Price Action the same

Remember, indicators only indicate, traders trade

The daily line and % ADR line only give reference points = Price does not have to obey them

It takes a lot for me to IGNORE you, but you can try.
  • #54,660
  • Mar 7, 2015 8:24pm Mar 7, 2015 8:24pm
Quoting Erebus
{quote} That's great, I may have taken your first post the wrong way, good we can see the Price Action the same Remember, indicators only indicate, traders trade The daily line and % ADR line only give reference points = Price does not have to obey them
I use ADR as a guide. I Just price action trade now. TMS really fits what I want to do overall.
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