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Trading Made Simple

  • #58,701
  • Jul 12, 2015 6:33pm Jul 12, 2015 6:33pm
Quoting emmanuel7788
{quote} Hi, before you want to tweak the method, you first must learn TMS 5-Method and when you have mastered it, you can tweak whatever you want. Post#57,857 is a good place to start if you are new here. regards,
Hi LazyTrder3r! Please read the above-mentioned post ,i.e, Post#57,857. Hope this helps
Regards,
Winners Never Quit, Quitters Never Win
  • #58,702
  • Jul 12, 2015 11:36pm Jul 12, 2015 11:36pm
Quoting LazyTrad3r
{quote} Hi farhad10 {image} you know how ist the name of the indicator wich shows the last high and last low? and a other question.... i see the traders here like you, use the synergie Pro TDI. Is that an TDI with stochastic? sry for the questions but i dont read 3000 sides in this thread Lazy
LazyTrad3r;

That is yesterday high and low indicator that you can find it at paper clip or here :

  1. Post 54,665


About synergy pro pls read these post :

  1. Post 58,596
  2. Post 58,074

Regards

  • #58,703
  • Jul 13, 2015 12:12am Jul 13, 2015 12:12am
Good morning folks,
It was a very hectic weekend for me at a traders summit and meeting old and new traders. Plenty to learn from the experienced traders and will need time to digest everything and practice in forward testing.
Now got to catch up reading your posts of the past few days. There is no solution to the Greece problems and this will drag on. So we should trade with more caution and always give priority to preserve our trading capital. Only trade those A+++ setups and with a view to the higher timeframes Daily and Weekly.
If anyone has a trading pair to share and exchange views, please post your charts.

Have a good trading week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,704
  • Jul 13, 2015 12:22am Jul 13, 2015 12:22am
@farhad and hsn100 thx for your advice.
mia san mia since 1900
  • #58,705
  • Jul 13, 2015 12:23am Jul 13, 2015 12:23am
Hi everibody,

only yesterday i saw this system. I begun to read the post. Can you help me if i'm wrong, please?

This is the 4h graph of g/u. I opened in a demo account a short position.

Is ok or not.

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 203 KB
  • #58,706
  • Jul 13, 2015 12:28am Jul 13, 2015 12:28am
Quoting toscano
Hi everibody, only yesterday i saw this system. I begun to read the post. Can you help me if i'm wrong, please? This is the 4h graph of g/u. I opened in a demo account a short position. Is ok or not. Thank you. {image}
toscano;

you are in cosolidation mode and TDI is flat .
You should take the trades that are (4-6 , 12- 2)

The most important criteria is the higher time frame, if it is the same as H4 or not !

no it is not a good one !

regards
  • #58,707
  • Jul 13, 2015 1:40am Jul 13, 2015 1:40am
Hi,

i think this is another trade,

audchf h4.

Good trades everyone
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 214 KB
  • #58,708
  • Jul 13, 2015 1:45am Jul 13, 2015 1:45am
Quoting farhad10
{quote} toscano; you are in cosolidation mode and TDI is flat . You should take the trades that are (4-6 , 12- 2) The most important criteria is the higher time frame, if it is the same as H4 or not ! no it is not a good one ! regards

Thank you farhad10,

I have a question. What do you mean when you said that I should take the trades that are 4-6 12-2?

Thank you for your patience.
  • #58,709
  • Jul 13, 2015 1:53am Jul 13, 2015 1:53am
Quoting toscano
Hi everibody, only yesterday i saw this system. I begun to read the post. Can you help me if i'm wrong, please? This is the 4h graph of g/u. I opened in a demo account a short position. Is ok or not. Thank you. {image}
Quoting farhad10
{quote} toscano; you are in cosolidation mode and TDI is flat . You should take the trades that are (4-6 , 12- 2) The most important criteria is the higher time frame, if it is the same as H4 or not ! no it is not a good one ! regards
Hi Toscano,

farhad is correct that we are in consolidation seen in H4. Better pick only the A+++ setups which are 12-2 and 4-6 clock angle.

see my comments on your chart. I crop your chart to only show the MT4 chart.

Attached Image (click to enlarge)
Click to Enlarge Name: toscano GU post 13-7-2015.png Size: 62 KB


take a look at your D1 chart.
do you see the bullish previous Day candle and to the left is a major resistance zone.
on H4, if I see a breakout of the H4 WRB to the bullish side, I would be buying.

But trading the lower TF on H1 and M15, we can possibly sell if there is price action setup at the high of that H4 WRB.
Any H1 or M15 buy setup when the PA is within the H4 WRB is early for the WRB breakout and you face the H4 WRB high.

Good Trading
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,710
  • Jul 13, 2015 1:56am Jul 13, 2015 1:56am
Quoting toscano
{quote} Thank you farhad10, I have a question. What do you mean when you said that I should take the trades that are 4-6 12-2? Thank you for your patience.
here, a picture is worth more than one thousand words...

Attached Image (click to enlarge)
Click to Enlarge Name: TDI clock face 12-2 4-6.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,711
  • Jul 13, 2015 2:00am Jul 13, 2015 2:00am
Quoting tibovwh
Hey all, Here's my update on UC. Looking forward to hear all your feedback. Best, {image}
Hi tibovwh,

good post.
clean charts and simple trade plan.

I have a slightly different view looking at the Weekly chart. D1 is sideways with that WRB/Master Candle[3].

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 29 ME-ME trades 13 July.png Size: 75 KB


I have 2 open positions.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,712
  • Jul 13, 2015 2:06am Jul 13, 2015 2:06am
Quoting emmanuel7788
{quote} here, a picture is worth more than one thousand words... {image}
thank you Emmanuel7788,

i'll try to undestand this trading system and your with other trader's help is a good thing for me.
  • #58,713
  • Jul 13, 2015 4:49am Jul 13, 2015 4:49am
Quoting emmanuel7788
{quote} {quote} Hi Toscano, farhad is correct that we are in consolidation seen in H4. Better pick only the A+++ setups which are 12-2 and 4-6 clock angle. see my comments on your chart. I crop your chart to only show the MT4 chart. {image} take a look at your D1 chart. do you see the bullish previous Day candle and to the left is a major resistance zone. on H4, if I see a breakout of the H4 WRB to the bullish side, I would be buying. But trading the lower TF on H1 and M15, we can possibly sell if there is price action setup at the high of that...

Anyone bought GU? you should be in the money..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,714
  • Edited 5:15am Jul 13, 2015 4:50am | Edited 5:15am
Quoting Dehyah
{quote} Hi Emmanuel7788, are you able to put Bollinder Bands and Moving Average on the mini chart?

Hi Dehyah,

sorry I am not able to put the BB in the min-charts.
your can contact Stratman at his pipware website.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,715
  • Jul 13, 2015 4:57am Jul 13, 2015 4:57am
Quoting emmanuel7788
{quote} Anyone bought GU? you should be in the money..
Yes .... and it looks good.
Never give up !!!
  • #58,716
  • Jul 13, 2015 5:00am Jul 13, 2015 5:00am
Quoting theunis
{quote} Yes .... and it looks good.

my trade entry on H4 closed. Took +50pips and re-enter to catch the WRB breakout.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD week 29 13 Jul H4 trade.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,717
  • Jul 13, 2015 5:00am Jul 13, 2015 5:00am
Quoting theunis
{quote} Yes .... and it looks good.
Hi,

can somebody post the chart, please?

Thanks
  • #58,718
  • Jul 13, 2015 5:08am Jul 13, 2015 5:08am
Quoting toscano
{quote} Hi, can somebody post the chart, please? Thanks
Sorry guys,

i see the chart now.
  • #58,719
  • Jul 13, 2015 5:16am Jul 13, 2015 5:16am
Quoting toscano
{quote} Sorry guys, i see the chart now.

good that you see my chart now.

what you learn from this trade chart is important.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,720
  • Jul 13, 2015 5:31am Jul 13, 2015 5:31am
Quoting dewdrops
{quote} I was doing back testing on WRB on D1 and then trading on H1(mostly)/M15. Here are few questions based on backtesting: 1. Do you trade the direction of WRB? If WRB is bullish, should we look for only bullish setup? or will we look for which WRB went against primary trend and then trade on the way of coming back to that trend? 2. Are all the WRBs same? For example: some have big wicks on both sides and some have only one side - up or down. Do we target WRBs with wicks on both sides too? 3. If we try to trade news events WRB, do we trade based...
Hi dewdrops,

I try to answer your questions below:

1. Do you trade the direction of WRB? NO If WRB is bullish, should we look for only bullish setup? or will we look for which WRB went against primary trend and then trade on the way of coming back to that trend?

We use the WRB to define what is a big candle on our charts. The WRB high-low only help us see the range in which the market will consolidate. We trade the breakout of the consolidation. The breakout can follow the previous trend or it also can be a reversal. We do not know for sure, therefore looking at the higher TF for the primary trend is important. There will be time when the breakout fails to run and this when we must look at the price action and have a Plan B ready.



2. Are all the WRBs same? For example: some have big wicks on both sides and some have only one side - up or down. Do we target WRBs with wicks on both sides too?

At the moment we only use the WRB high-low to identify the consolidation range and avoid trading TMS setups when the market is in consolidation in that particular chart TF. You will see how effective the use of WRB is when you look back at the history charts. It will keep us out of many fail setups. There is another type of WRB which I will not discuss here now as it will complicate the way we trade TMS. Let's keep it simple for now as WRB is effective the way it is now.

3. If we try to trade news events WRB, do we trade based on even lower TF such as M5 when WRB appear on M15 (very volatile).

First of all, TMS is not a news trading system. TMS is trend trading. If market events like news create a WRB, we simply treat that as WRB in that chart timeframe we trade. When we see exceptional huge WRB in lower TFs like H1, M15 and M5, we should avoid trading until the market settles down.

Hope I explain this adquately if not please ask me again.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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