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Trading Made Simple

  • #58,041
  • Jun 18, 2015 7:50am Jun 18, 2015 7:50am
Quoting shay14
so hard finding setups when the days are full of news
.., higher timeframes are the solution , I don t care about news in h4 ..
Only such hard stuff like NFP´s or Yellen / Draghi are in my focus then ..
hope that helped
Guido
Risiko birgt immer auch die Chance.
  • #58,042
  • Jun 18, 2015 9:26am Jun 18, 2015 9:26am
Busy at home, just took one trade closed manually when tdi hooked

GJ +18 pips

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Winners Never Quit, Quitters Never Win
  • #58,043
  • Jun 18, 2015 9:45am Jun 18, 2015 9:45am
Hello guys, I would like your opinions about the trades I took. Everything is welcome, please, fell free to comment everything you want about the charts, I'm learning this method, so. I took three trades, two looses and one win, the first two images are the looses.
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  • #58,044
  • Jun 18, 2015 10:51am Jun 18, 2015 10:51am
GBPUSD H1 +100 (+25 +50 +25)
Had to go out so set a pending order to catch the breakout. CM managed trade with a 25 pip TSL. First two TPs hit but didn't make third which was the RN (1.5950) Trade closed by TSL
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Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,045
  • Jun 18, 2015 11:23am Jun 18, 2015 11:23am
Quoting elfanta
Hello guys, I would like your opinions about the trades I took. Everything is welcome, please, fell free to comment everything you want about the charts, I'm learning this method, so. I took three trades, two looses and one win, the first two images are the looses. {image} {image} {image}
Nice to have you here :-)
.. The EG trade was good executed , the stop wasnt large enough , look for stops for the last few candle highs or lows .

.. same in GJ , stop tooo tight .. keep in mind EG and GJ are totally different pairs!
GJ is with GCAD the most volatile pair in the FX market !
EG , I`d count to the sloppy pairs like UJ or UCHF .

The last one , EA is nice.. try to train your targets a little bit more , specially in h4 I let my trades run a minimum of 50 pips in a sloppy pair .. or 70 in a volatile pair.
.. its a personal decision , for your first trades it looks well IMO -
Hope it helped .
Guido
Risiko birgt immer auch die Chance.
  • #58,046
  • Jun 18, 2015 1:30pm Jun 18, 2015 1:30pm
Quoting emmanuel7788
Hi Karado, You want to become a trader, you need to have a structure for your own learning and development. There are a lot of stuff shared here so you need to structure these and take your time to learn these slowly. Post some charts and ask questions. This is one good way to learn with charts. regards,
Hello Emmanuel,

Thank you for your advice on needing "structure" within my learning process! You are absolutely right!

I have for the time being stopped following this thread, and concentrated on basics.

1) I have gone back to Dean Malone's Basic Synergy Method and have watched and re-watched these videos:
Quote
http://www.compassfx.com/synergy/web...%20Method.html
2) I have also just began studying ONLY Big E's each and every post.
3) Next step is to back test (Forex Tester 2) TMS until I develop confidence and a basic feel for the method.
4) Only then will I return here and participate here on a daily basis

Thanks Emmanuel.
  • #58,047
  • Jun 18, 2015 1:38pm Jun 18, 2015 1:38pm
Hello everyone,

Does anyone here use ForexTester 2, for backtesting TMS?

If so, would you mind please sharing Synergy_Pro_TDI modified indicators for it?

If not, does anyone know the manual settings for Synergy_Pro_TDI, so I can recreate it within ForexTester 2?

Thanks in advance.

Karado
  • #58,048
  • Jun 18, 2015 2:28pm Jun 18, 2015 2:28pm
Sorry for the stupid question but it won't take too long to answer it. Just YES or NO, please.
Is it possible to have different settings (TPs in pips) for different pairs in THV Cavemanager? I know that theoretically yes.
Question is, if everything works well then?

Green pips to All!
  • #58,049
  • Edited 3:25pm Jun 18, 2015 2:42pm | Edited 3:25pm
Quoting emmanuel7788
EURAUD H1 LO +1 FO candle was a valid PA setup. BUOB with Inside bar breakout. Question is what will Tokyo close be like in one hour? Do you see LO candle set the high for the session or not? {image}
In retrospect, not. I wasn't watching this pair at the time. What setting do you use for that candle style? It is much easier to read the candles than the HA. The HA is definitely my 'go to' candle though.

Thanks!
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  • #58,050
  • Jun 18, 2015 3:46pm Jun 18, 2015 3:46pm
Quoting LastSAMURAI
Sorry for the stupid question but it won't take too long to answer it. Just YES or NO, please. Is it possible to have different settings (TPs in pips) for different pairs in THV Cavemanager? I know that theoretically yes. Question is, if everything works well then? Green pips to All!
Yes
Each pair can have their own S/L and TPs. In fact you should always calculate S/L and TP for each trade and each pair.
Hope that helps
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,051
  • Jun 18, 2015 3:47pm Jun 18, 2015 3:47pm
Quoting Karado58
Hello everyone, Does anyone here use ForexTester 2, for backtesting TMS? If so, would you mind please sharing Synergy_Pro_TDI modified indicators for it? If not, does anyone know the manual settings for Synergy_Pro_TDI, so I can recreate it within ForexTester 2? Thanks in advance. Karado
Hey Karado!

I have not used ForexTester 2 before. I did use FutureStation Nano to mess around a bit and backtest some things. I just wanted to share that in hindsight, I don't think you should focus too much on systematically backtesting. Instead, it might be better to forward test on demo account or perhaps (if the program has this option) to rerun historical charts in realtime. In addition, Eelfranz has advised many times to look at historical charts to build confidence but I'm sure you've read this.

Best of luck!
  • #58,052
  • Jun 18, 2015 4:22pm Jun 18, 2015 4:22pm
Quoting Lookleft
{quote} Yes Each pair can have their own S/L and TPs. In fact you should always calculate S/L and TP for each trade and each pair. Hope that helps
Many thanks Lookleft
  • #58,053
  • Jun 18, 2015 5:19pm Jun 18, 2015 5:19pm
EA 180615
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Kindest regards
  • #58,054
  • Jun 18, 2015 7:07pm Jun 18, 2015 7:07pm
Quoting Sesamstrasse
{quote} Nice to have you here :-) .. The EG trade was good executed , the stop wasnt large enough , look for stops for the last few candle highs or lows . .. same in GJ , stop tooo tight .. keep in mind EG and GJ are totally different pairs! GJ is with GCAD the most volatile pair in the FX market ! EG , I`d count to the sloppy pairs like UJ or UCHF . The last one , EA is nice.. try to train your targets a little bit more , specially in h4 I let my trades run a minimum of 50 pips in a sloppy pair .. or 70 in a volatile pair. .. its a personal decision...
Thank you for your comments, they do help a lot. I'll have to put more attention to my SLs and targets.
  • #58,055
  • Jun 18, 2015 8:28pm Jun 18, 2015 8:28pm
Quoting rupasi
{quote} In retrospect, not. I wasn't watching this pair at the time. What setting do you use for that candle style? It is much easier to read the candles than the HA. The HA is definitely my 'go to' candle though. Thanks! {image}

Hi,
when I read price action , I use the real price bars and not the APB/HA.
therefore it would be good to have your MT4 chart set to Bar Chart in Foreground.

The FO setup I mentioned is shown below:

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Note the TDI I use is same setting at the Synergy-Pro TDI therefore the angle may not be so steep compare to other version of the TDI posted in this thread. Price Action seen with price volatility is more important than the TDI angle.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,056
  • Jun 18, 2015 8:49pm Jun 18, 2015 8:49pm
Quoting emmanuel7788
{quote} Hi, when I read price action , I use the real price bars and not the APB/HA...
That's something tibovwh told me a few days ago, and I didn't know that at that time. Now I know, I should be checking the real candles to see pice action. I was just looking at APA/HA candles for TMS. So, this is really important. Thanks for sharing it.
  • #58,057
  • Jun 18, 2015 8:51pm Jun 18, 2015 8:51pm
Quoting Karado58
{quote} Hello Emmanuel, Thank you for your advice on needing "structure" within my learning process! You are absolutely right! I have for the time being stopped following this thread, and concentrated on basics. 1) I have gone back to Dean Malone's Basic Synergy Method and have watched and re-watched these videos: {quote} 2) I have also just began studying ONLY Big E's each and every post. 3) Next step is to back test (Forex Tester 2) TMS until I develop confidence and a basic feel for the method. 4) Only then will I return here and participate...

Hi Karado,

There were times I was in the same situation like you are now. Lots of information to process and I became mentally paralyzed. Suffered fatigue and burnout a few times and had to take long breaks. I stayed away from Forex Factory especially those threads where there are lots of noise everyday. You cannot trade with all these FF noise around you. These days, I only read a few selected threads in FF.

To believe in TMS 5-Method, you need to read what Big E posted way back in the Craig Harris Stochastics thread. Big E traded the CH 'system' on M15 and he learned as he progressed. he tweak the 'system' using all the common available indicators and then the Synergy model' TDI. He loved the TDI because it suited his trading temperament and his trading style as he moved from trading M15 to H1 then to H4. He also tweak using different moving averages untuil he finally ended with the 21/233 and the 5-EMA typical price, shift+3. All these took him 2 years. But this was not the end of his tweaking. He had heart problems and then he fell very ill in 2011 no longer post in FF. His did mention he was working on an 'advance version' just before he went offline.

I never gave up learning. There is no limit to the knowledge we can gain. Wonderful thing about this is once you have the knowledge, you can share it but no one will ever take that knowledge away from you.

So, take your own time and pace to condition yourself to be come a trader and never never give up.

Live your dreams.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,058
  • Jun 18, 2015 8:59pm Jun 18, 2015 8:59pm
Quoting elfanta
{quote} That's something tibovwh told me a few days ago, and I didn't know that at that time. Now I know, I should be checking the real candles to see pice action. I was just looking at APA/HA candles for TMS. So, this is really important. Thanks for sharing it.

Hi,

But do not neglect the APB / HA candles. They do have their own story to tell about the market price.
- the APB/HA body size,
- its upper and lower wicks
Its colour is useful to show us the buying and selling phases. Small body is an early warning of potential phase change.


All the other PA price patterns which I use - Wide Range Bar, Master Candles, Outside Bar, Engulfing Bar, Inside Bar, etc. ... are based on the real price bars.

Combining the use of both price bars and APB/HA is part of the edge we develop into an overall winning edge of our own winning system.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,059
  • Jun 18, 2015 9:06pm Jun 18, 2015 9:06pm
Quoting wwxjjs
{quote} Excuse me, the index of green candle transform into a red candle, or the red candle transform into green candle, there is not a bomb box, early warning can be used in any cycle, such as 5 minutes, 15 minutes, 30 minutes, 60 minutes,Where is the link to download, thank you very much for the answer to Mr. administrator or Ms..

Hi,

What do you mean by "index of the green candle..."?
Those candles you see are Average Price Bar which are similar to HeikenAshi candles.

These posts may answer your question:
HeikenAshi study : Post#18,483
Japanese Candlesticks vs Synergy APB vs HeikenAshi Post# 56,193 Post# 3304
Indicators : Post#28,535

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,060
  • Jun 18, 2015 9:38pm Jun 18, 2015 9:38pm
Quoting emmanuel7788
{quote} Hi Karado, There were times I was in the same situation like you are now. Lots of information to process and I became mentally paralyzed. Suffered fatigue and burnout a few times and had to take long breaks. I stayed away from Forex Factory especially those threads where there are lots of noise everyday. You cannot trade with all these FF noise around you. These days, I only read a few selected threads in FF. To believe in TMS 5-Method, you need to read what Big E posted way back in the Craig Harris Stochastics thread. Big E traded the CH...
That's a great reminder for many aspiring traders. Journey has been really rewarding and frustrating but I wouldn't trade my losses for anything else in the world. Because that is soon going to teach me how much efforts, pains, failures and successes I will become to reach my dream one day!
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