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Trading Made Simple

  • #56,641
  • May 8, 2015 9:25pm May 8, 2015 9:25pm
Quoting Traded
{quote} Thanks Emmanuel, You seem experienced and you may know phx62s style more than me, What do you think it is? Cheers

Hi Traded,

We all know how we can show our trades from the MT4 Terminal Account History by simply selecting and dropping on to our charts.

This video "How to Show Trades from Account History" explain how it can be done.
Inserted Video


Every trade detail in the Account History will be plotted on to the chart with clean entry arrow, exit arrow and a connecting line between the entry and exit arrow. These are drawn as Objects on the charts with details of the order such as ticket number, order type (buy or sell), lot size, entry price, exit price, etc. The layering of each object is clearly distinct and inherent in the MT4 logic.

I think Phx62 needs to check his charts again, and if he has to re-do the "Show Trades from his MT4 Account History" and read the details of those objects he has on his chart and explain what those extra objects which we see on his posted charts.

Example of a clean show trades below.

regards,

Attached Image (click to enlarge)
Click to Enlarge Name: MT show trades example.png Size: 12 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,642
  • May 8, 2015 9:32pm May 8, 2015 9:32pm
Quoting Ballistical
2015 Week 19 - Trade Summary: 5 trades in total: - 3 wins - 1 BE - 1 Loss Five trades this week on EA H1. 3 LO TMS trades and two (less successful) AUD news trades using straddled, pending orders. Some nice movement on this pair again this week, where despite two scheduled, major AUD news releases, the main move of the week, in fact came on Wednesday from a US release. Also, despite the strong moves and trends this week, the LO candle only set the high or low of the London session once. Regardless, a total of +8% on the account this week, making...

Good Trading Ballistical!

Just one remark:
TMS is not suitable for trading news and the way you use straddle orders especially when you use 25pips SL stop on H1.
There are methods (scalping methods) to trade high volatile market during news release.
I don't recommend that traders try to trade TMS 5-Method during high volatile market.

Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,643
  • May 8, 2015 10:01pm May 8, 2015 10:01pm
Quoting hsn100
{quote} Hi Big Emm! Do you trade following NFP news?
Hi HSN,

I don't trade NFP because it is Friday and the NY session is my bedtime.
I do trade other news events which happen during the day time trading hours between Sydney, Tokyo sessions and also during the first 4 to 5 hours of the London session. but these are not TMS 5-Method type of trading. These are more speculative scalping in lower TF M15/M5.

For TMS 5-Method trading, look at the H4 and D1 charts in history. There is one NFP H1 candle in the H4 candle and the same H1 candle in the D1 candle. How often do the NFP day reverse the market? What do you leanr from this?


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,644
  • May 8, 2015 10:22pm May 8, 2015 10:22pm
I managed to get a 9.13% profit this week! So happy.

Profits could have been higher, but got defeated by my lack of discipline and revenge tradings
  • #56,645
  • May 8, 2015 10:25pm May 8, 2015 10:25pm
Quoting pinux76
It's a correct entry?? EurAud Short {image}
Hi Pinux,


Sorry I did not reply last night when I saw this post. I saw something else and did not want to influence your trade decision.

That is a good H4 Master Candle example. But higher TF will show you a but more information of where the support and resistance are for that H4 consolidation.
There are different methods to identify market range and consolidation other than saying look for big candles and small candles.
First is the Wide Range Bar (use Price Bar and not APB/HA candles). This is why I use the MT4 charts set to bar Chart over the APB/HA. I use the APB/HA to look at its colour, body size and its upper and lower wicks.

The order of price action happening is that the first the WRB appearing first before then can be confirmed after the next 3 price bars closed. This is what I defined as Master Candle (3). This means the first candle' high-low must engulf the next 3 bars.

There are certain rules to observe.

Rule no.1 - there must be no taking of any trade setup with TDI cross on that chart TF where the WRB and MC(3) is. This means if the WRB/MC(3) is on H4 chart, then we can only trade in the lower TF H1 and M15.

Rule no.2 - to trade the MC(3) breakout on that chart TF H4, we wait for a candle to closed below or above the MC High- Low. We treat the MC High-Low as support and resistance.

Rule no. 3 - look at the Support and Resistance of the next higher TF (D1) to see the price level where the WRB/MC consolidation and use the support and resistance to trade in the lower TF, in your trade example, look for trade in H1.

Now you can do your weekend exercise and see what you learn from this post.

Have and good weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,646
  • May 8, 2015 10:26pm May 8, 2015 10:26pm
Quoting birdnest
I managed to get a 9.13% profit this week! So happy. Profits could have been higher, but got defeated by my lack of discipline and revenge tradings

WOW!

You did a lot better than me...5x
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,647
  • May 8, 2015 10:33pm May 8, 2015 10:33pm
Quoting hoperich
Quoting Ballistical
2015 Week 19 - Trade Summary: 5 trades in total: - 3 wins - 1 BE - 1 Loss Five trades this week on EA H1. 3 LO TMS trades and two (less successful) AUD news trades using straddled, pending orders.... Hi Ballistical, I am also working with EUR/AUD pair on live account and trying to learn each and everything about this pair only. We can always add more later. Here are my results for the week. Some of the trades posted earlier. Thanks for sharing your experience and we are all learning a lot from each other. Take care, hoperich
...

Good trades.

You are still doing Single Entry / Single Exit SE/SE.

If you consider Single Entry/ Multiple Exits SE/ME, your win rate will improve much quicker. This will increase your confidence level and hence lead to mush better performance in long term.

Entry and Exits ... Post#19,617

Think of a Money Management Strategy which can help you mitigate the initial Risk of every trade and use the MM strategy to overcome some of the Fear factor.

Using Multiple-Lot Positions to Improve trading TMS: Post#33,507

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,648
  • May 8, 2015 10:46pm May 8, 2015 10:46pm
Quoting emmanuel7788
{quote} WOW! You did a lot better than me...5x

Nooooo way. Thanks for everyone's help and advice. I am still recouping my losses! One step at a time, its a loooooong way to be a profitable one
  • #56,649
  • May 8, 2015 10:54pm May 8, 2015 10:54pm
Quoting vyedlapalli
{quote} Thanks Emmanuel. I have followed BIG E posts through 2011, about 15K posts or so. Content that followed later was simply too much to read through. I have been trying to follow his rules, where we have no yellow (average) or blue bands. Please excuse my ignorance, has this modified trading entries suggested by you been generally accepted in this thread as an upgrade to original TMS rules set by BigE? I'll back test your suggestions over weekend, thanks a bunch for your guidance. Y

Hi vyedlapalli,

TMS has evolved with time and little has changed. We go back to the basics of the 5-Method where it started.
A simple start for newbies... Post#55,982

Anyone who come to this thread and think Post#1 is the system and had not known the history and how trading made simple has evolved over the past many years will find it very hard to be profitable in long term. There are members who think TMS is about trading TDI crosses and there is no analysis until they see the TDI which is foolishness and ignorance in trading the markets. Trading is simple, the methodology must be simple, the management management strategy must be tested and proven according to the trader's style and personality. That's quite simple too. The biggest part is still in the trading psychology area which is most challenging to all traders....not so simple. It demands a lot of work to achieve Peak Performance.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,650
  • May 8, 2015 11:11pm May 8, 2015 11:11pm
Quoting birdnest
{quote} Nooooo way. Thanks for everyone's help and advice. I am still recouping my losses! One step at a time, its a loooooong way to be a profitable one
Hi birdnest,

Losses, drawdowns, ... they are normal in our trading business. How do we deal with drawdown?

here is something taken from my own study notes:

Trading Psychology Dealing with Drawdown.

Starting next week, you have to focus on recovering from your current drawndown. This must be the short term target to achieve. Remember, discipline is key among several other traits of being a winning trader.
Attached File(s)
File Type: pdf Trading Psychology Dealing with Drawdown.pdf   133 KB | 1,779 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,651
  • May 8, 2015 11:14pm May 8, 2015 11:14pm
Emmanuel,
It would indeed be a daunting task to start with post #1!
Besides starting with your Post#55,982 to establish a "foundation". In your opinion, how far back should a newbie go in the thread to develop an understanding/rhythm for the TMS Method?
Thanks.
Joseph
  • #56,652
  • May 8, 2015 11:17pm May 8, 2015 11:17pm
Quoting emmanuel7788
{quote} Hi birdnest, Losses, drawdowns, ... they are normal in our trading business. How do we deal with drawdown? here is something taken from my own study notes: Trading Psychology Dealing with Drawdown. Starting next week, you have to focus on recovering from your current drawndown. This must be the short term target to achieve. Remember, discipline is key among several other traits of being a winning trader. {image}
Yes. I am planning to recoup them back by June. Embarking on this trading business can be really overwhelming, but its really part and parcel. I hope we will all just continue to learn and achieve our peak performance one day!
  • #56,653
  • May 9, 2015 4:09am May 9, 2015 4:09am
Quoting hoperich
Quoting Ballistical
2015 Week 19 - Trade Summary: 5 trades in total: - 3 wins - 1 BE - 1 Loss Five trades this week on EA H1. 3 LO TMS trades and two (less successful) AUD news trades using straddled, pending orders.... Hi Ballistical, I am also working with EUR/AUD pair on live account and trying to learn each and everything about this pair only. We can always add more later. Here are my results for the week. Some of the trades posted earlier. Thanks for sharing your experience and we are all learning a lot from each other. Take care, hoperich
...
Excellent trading HR!

You got some really nice moves this week, particularly well timed exits on Monday and Thursday's trades! Just out of interest what kind of SL strategy are you using?

Keep up the green pips

Quoting emmanuel7788
{quote} Good Trading Ballistical! Just one remark: TMS is not suitable for trading news and the way you use straddle orders especially when you use 25pips SL stop on H1. There are methods (scalping methods) to trade high volatile market during news release. I don't recommend that traders try to trade TMS 5-Method during high volatile market. Have a Good Weekend.
Thanks Emmanuel.

I agree using straddled orders with 25 pip SL's was probably a little suicidal given the volatility these news releases bring about. I tend not to trade news so the volatility and slippage I experienced on these was a bit of a shock. My orders were executed 10-15 pips away from buy/sell stop and same again with the SL. I'll have to think carefully about whether its something I continue doing. In a way, it hardly seems worth it when London provides the green pips that it has been doing lately.

Thanks again!

Ballistical
Focus on the process and the profits will follow
  • #56,654
  • May 9, 2015 4:24am May 9, 2015 4:24am
Red news schedule for next week for TMS traders.

I avoid trading in/around news as there is high volatility with erratic movement and most of the time it will take out sl/be points of valid TMS setups.


Attached Image (click to enlarge)
Click to Enlarge Name: Thisweek.png Size: 34 KB


A great weekend everyone!
Best regards, Zef
  • #56,655
  • May 9, 2015 4:58am May 9, 2015 4:58am
I was searching a long time for an indicator, that shows me the high and the low of a candle over the heiken ashi candle, in a more simple way than setting the bar chart on the foreground, and finally i found a way It might be very helpful for some tms traders, if you like it, here it is, color and dot size are adjustable:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-05-09 at 11.55.20 am.jpg Size: 552 KB
Attached File(s)
File Type: mq4 high low candle.mq4   3 KB | 393 downloads
  • #56,656
  • May 9, 2015 5:38am May 9, 2015 5:38am
Things that i want to remember all the time

TMS = TDI, PA, S/R

TDI = Looking to take a cross or bounce


PASR

CandleStick
Inside bars
Pin bars
Bullish outside bars
Bearish outside bars
Two bar matching lows with second bar making a higher close
Two bar matching highs with second bar making a lower close

Note: CandleStick patteren’s are all over the chart they are not important. They are only important when they form at right location.

Once spotted this bar setup look for areas of confluence which is where two or more of the following are at/around the bar setup:

Confluence
Ema's (there are many )
Fibonacci levels
Support/Resistance
Swing lows/highs
Trend Lines
Divergence
Sad i'm not trying to understand PA
  • #56,657
  • May 9, 2015 5:55am May 9, 2015 5:55am
hello traders
been lirking in the background for a while could someone please show me where to start this thred to understand this method as i can see it has evolved quite a bit from the start, rip the author.
thank you.
  • #56,658
  • May 9, 2015 6:02am May 9, 2015 6:02am
Quoting jonisonvespa
hello traders been lirking in the background for a while could someone please show me where to start this thred to understand this method as i can see it has evolved quite a bit from the start, rip the author. thank you.

Hi,

WELCOME! to Trading Made Simple

In most cases, people will tell you to start at Post#1. If you do not want to start reading from Post#1, then ...

Here is where to start for newbies: Post#55,982

When you are done, you will know what TMS is about.

Enjoy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,659
  • May 9, 2015 6:13am May 9, 2015 6:13am
Quoting adikashyap
{quote} ... Trying to answer them by priority ... Regards,
Hi AD! That will help a lot and thnk u for sharing ur plan/strategy. That's the beauty of this thread.

Regards,
Winners Never Quit, Quitters Never Win
  • #56,660
  • May 9, 2015 6:18am May 9, 2015 6:18am
thank you emmanuel.
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