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Trading Made Simple

  • #58,901
  • Jul 17, 2015 8:49am Jul 17, 2015 8:49am
Quoting Lookleft
{quote} Hi Amao, The basic rule is to trade away from the DOL. However, if price has room to move before hitting the DOL (like GBPUSD today) there is nothing to stop you setting your TP at DOL and taking the 25 - 30 pips. If you look at the trade you can see that it bounced on the BRN and DOL before the US news pushed it lower to the 200ema. Glad you got your pips
Thanks Lookleft.....
  • #58,902
  • Jul 17, 2015 9:19am Jul 17, 2015 9:19am
Quoting since80808
Good evening, Guido! Thank you for your answer! {quote} As I remember topicstarter used TDI without levels and bands - only crosses. Do you analise the position of the crosspoint between bands, centre and levels? And do you trade only at some markets (London, New York, Asia...) or all day long? Thank you again!
Hey Since ,
Yes, I use the TDI without any levels .
I just made the volatility bands and the MBL visible and thatīs it .
I only trade London session , usually Iīm out when US opens.
And only h4 and D1 with TMS for me ..
Hope that helped , have a nice weekend
Guido
Risiko birgt immer auch die Chance.
  • #58,903
  • Jul 17, 2015 9:47am Jul 17, 2015 9:47am
Quoting Sesamstrasse
{quote}emergency stop
It's not small, I think, at h4 tf. How do you calculate it?
Just an opinion. Based on research
  • #58,904
  • Jul 17, 2015 9:58am Jul 17, 2015 9:58am
2015 Week 29 - Trade Summary:

5 trades in total:
- 1 Win
- 2 BE
- 2 Losses

I was tied up all of last week with an event at work which meant I was unable to trade at all. Back into it this week though, and a fairly good week for trading this pair as well. LO only set the high or low for the session on 2 out of 5 days and despite some choppiness there were some good opportunities to trade during London/NY. A steep channel formed right from Mondays LO and lasted a surprisingly long time for such a steep trend. It was eventually broken by Wednesdays LO. Aside from that it was business as usual. Overall, 1 good win on Thursday and a couple of small US session losses meant I finished the week on +1%.

Monday: FO formed a huge bullish WRB which threw me a little, but once LO closed red confirming a continuation in the down-trend, I jumped in the classic TDI cross entry at LO+1. My entry was on a break of the LO candle and price immediately dropped 25ish pips in my favour. I moved SL to BE but unfortunately a sharp pullback to my entry stopped me out of the trade. Price then went on to reach my original 50 pip TP but the 100 pip portion would have been closed at BE during another large retracement in the US session.

Tuesday: Got to my charts around LO and would have been ready to jump in a short had this broken FO's low. However, LO made a large pullback and ended up closing as a red IB. Had LO closed blue, I might have considered the classic TDI cross long at LO +1 (just about good for +50). Price didn't go anywhere for a few hours and LO+3 closed red in line with the primary downtrend. However, there was some US news on the way so I waited to see how that played out. The news dropped price, which eventually bounced off the 200EMA causing a rejection. This pullback put me off the trade but eventually it followed my bias anyway.

Wednesday: I got to my charts at FO to see a really tight range had formed over the past few candles. FO continued this pattern and it wasn't until LO that price broke made a strong bullish move up. I would have entered long at LO+1 but wasn't paying attention and missed the start of the move. Didn't fancy the late entry as price was nearing the 200EMA. The move was short-lived anyway and with the huge stack of US news scheduled I waited for the US session. I attempted an entry short following a similar news candle to Tuesday. I was stopped out almost immediately. I guess the fundamental difference in this case was the second news stack on the way which sent price soaring upwards and causing the move of the day. (-25,-1%)

Thursday: I witnessed FO drop to the 200EMA as it often does. Many times on this pair, when price approaches the 200EMA during London, it'll touch or cross over slightly before pulling back by 20-30 pips and then continuing in its original direction. What the summary chart doesn't show in this case, was that this retracement had already occurred and price was on its way back down. From that point on, it was plain sailing with price trending down nicely throughout the whole day (+150, +3%)

Friday: Went long at LO on the classic TDI bounce following a DBLHC formation around FO. There was very little momentum in the market and the trade was eventually stopped at BE. Decided to wait for the re-entry following the US session news releases. I witnessed the news candle retest the LO price as it did on Wednesday. Entered on the following candle but yet again price didn't really go anywhere. Perhaps entering at this time on a Friday was unwise but I'm still getting to grips with trading the US session anyway. (-25,-1%)

Anyways I'm off to a beer festival now... good excuse to get away from the charts for a bit

See you all next week!

Ballistical
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Focus on the process and the profits will follow
  • #58,905
  • Jul 17, 2015 10:13am Jul 17, 2015 10:13am
Quoting since80808
{quote} It's not small, I think, at h4 tf. How do you calculate it?
Its not a real stop , its an emergenzy stop !
I close my TMS orders ALL ( really all ) by hand when the TDI shows me this .
In H4 my trades makes about 40 to 120 pips when I close them , both sides win or lose .
Normally I don t use a SL , only when I keep them very rare overnight.
In about 200 to 300 trades, it took one time my emergency stop .
the calculation is easy;
You put a emergency SL below the last few candles low / high.
Take it easy , it makes profits .. not only in the short term .
About 2 of 3 works , one is a loser , no big deal .
have a nice weekend, Im done this week.
Guido
Risiko birgt immer auch die Chance.
  • #58,906
  • Jul 17, 2015 10:13am Jul 17, 2015 10:13am
Caught this GU trade after what seems to be LO setting the high of the day, based target on channel lower line for +50 pips
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #58,907
  • Jul 17, 2015 2:12pm Jul 17, 2015 2:12pm
Quoting Dimi.A
{quote} Beautiful scalp man. That's awesome $16.65. I like how you show us your lots and profit.
Yeah i like this style of scalping. But its a Demo Account. I will start with a real Account for 2016. Now i will try bit a bit to make more profit than loss. I start trading since this year. Im a big Fish

Lazy
mia san mia since 1900
  • #58,908
  • Jul 17, 2015 2:18pm Jul 17, 2015 2:18pm
Hello, I have been reading a lot thread pages, the system looks very interesting and i can see a lot are having good results. Has anybody coded an EA to see if it profitable at long term? I would like to write one, but it would be good to know if it already exist. Thank you
  • #58,909
  • Jul 17, 2015 3:36pm Jul 17, 2015 3:36pm
Quoting fonline
Hello, I have been reading a lot thread pages, the system looks very interesting and i can see a lot are having good results. Has anybody coded an EA to see if it profitable at long term? I would like to write one, but it would be good to know if it already exist. Thank you
There is a lot of TMS ea's floating around on the the net & on FF. - But it can not compete with our eyes and experience.
Learn it the hard way, its the only way to do it!
MY SITTING, NEVER MY THINKING!
  • #58,910
  • Jul 17, 2015 4:17pm Jul 17, 2015 4:17pm
Quoting Ballistical
2015 Week 29 - Trade Summary: 5 trades in total: - 1 Win - 2 BE - 2 Losses I was tied up all of last week with an event at work which meant I was unable to trade at all. Back into it this week though, and a fairly good week for trading this pair as well. LO only set the high or low for the session on 2 out of 5 days and despite some choppiness there were some good opportunities to trade during London/NY. A steep channel formed right from Mondays LO and lasted a surprisingly long time for such a steep trend. It was eventually broken by Wednesdays...
Nice summary as usual Ballistical, thanks.
There were some normal days and some weird days this week on EA. Hopefully with Greece sorted things will get back to normal.
Good pips for next week
Never argue with a fool; onlookers may not be able to tell the difference.
  • #58,911
  • Jul 17, 2015 6:52pm Jul 17, 2015 6:52pm
Quoting wattaman
I thought to share my 1st trade here, since I've started to learn this trading system. The TDI is curling a little, but the 1H candle just started and there're still 2 hours left 'till the New York will open. No news until 19:30, too, so I hope the AudUsd will continue to go down. Plus, there's a possible sell entry happening right now on H4. {image}
Quoting emmanuel7788
{quote} Hi, H4 looking very good with a MC[3] breakout candle. M15 may retrace but lets watch how far is this retracement before it turn back down. We have today DOL and on M15 the 50EMA and 200EMA above as our resistance. manage this well and you may get some good pips. regards,
Quoting wattaman
{quote} Well, it didn't go very well so I had to exit the trade - following the rules. Maybe later, at the US opening, it will bounce back down.
Hi,

Here is what I saw as I had open positions.

Your H1 entry was good and as there was consolidation seen on H4 with that Master candle[3]. That H4 breakout candle was nice with its last H1 (4xH1=H4) being the setup candle aka "Arjun candle".

We need to give the trade time to breathe. Trust the higher TF and the intraday support and resistance.

We shall see what happen next week. Follow the flow and what the price action shows us.

Attached Image (click to enlarge)
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Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,912
  • Jul 17, 2015 7:36pm Jul 17, 2015 7:36pm
Multiple Entries / Multiple Exits ME/ME trades closed week 29 17 July.

A good week and closing some profitable baskets of trades and also taking a few small losses.
This account started at US$50K on 23 June and grew nicely and now a healthy balance. I will continue to use 0.2% per trade position lot size will increase. Will need to manage this properly so that I don't blow this one in the coming weeks.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS ME_ME trades closed 17 Jul.png Size: 78 KB



Last week's results in post#58,674
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,913
  • Jul 17, 2015 7:39pm Jul 17, 2015 7:39pm
Quoting emmanuel7788
Multiple Entries / Multiple Exits ME/ME trades closed week 29 17 July. A good week and closing some profitable baskets of trades and also taking a few small losses. This account started at US$50K on 23 June and grew nicely and now a healthy balance. I will continue to use 0.2% per trade position lot size will increase. Will need to manage this properly so that I don't blow this one in the coming weeks. {image} Last week's results in post#58,674
Amazing results, and very motivational for all of us . . . Congrats

N.
  • #58,914
  • Edited 8:38pm Jul 17, 2015 8:06pm | Edited 8:38pm
Quoting fonline
Hello, I have been reading a lot thread pages, the system looks very interesting and i can see a lot are having good results. Has anybody coded an EA to see if it profitable at long term? I would like to write one, but it would be good to know if it already exist. Thank you

Hi fronline,

First, this is not a trading system. It is a simple trading method known as 5-Method. This is a trend trading method. It does not work in narrow range sideways market.
It is a rule based discretionary trading method and therefore relies on the traders' knowledge and experience. Over the past years, I have tested EA found here in FF and none produce profitable results over long term. From my testings, the better result comes from trading higher timeframe H4 and D1 TDI crosses for entry and exits. But still the longer term results is not very profitable beacsue there was no proven money management strategy in those EAs. So don't waste your time looking for one.
When you want to build an EA, I suggest you build one which is semi-automated that will manage your trades using a proven money management strategy. You as the trader need to decide when to open trades and when not to. This is the vital part which requires your knowledge and experience. Your EA should not be a trading robot which make trade entries and exits on its own. Your EA should only be a trade manager with defined parameters to do the tedious work for you like calculation of position size based on stop loss distance, building positions during retracement, calculating the average entry price of all open positions, moving protective stops to protect open positions, adding position when market run in your favour, etc. It can be very complex when it comes to coding in mql4 but can be done to great extend.

Goodluck in your EA development.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,915
  • Edited 9:02pm Jul 17, 2015 8:15pm | Edited 9:02pm
Quoting Nik-Nyc
{quote} Amazing results, and very motivational for all of us . . . Congrats N.

Thanks Nik.

The results only shows that trading TMS can be profitable when we have a proven money management strategy to add to the 5-Method and to make it into your own winning system. Also trade the higher timeframe like the D1 chart and use money management and risk management deal with those intraday and intraday week retracements. Take small bite-size trades (0.2% of $balance per trade, use position sizing), and build up gradually as the market moves by scaling-in and scaling our positions during the market swings.
TMS 5-Method is only the techncial trading method and is less than 10% of a trading system. The other big parts are Money Management (30%) and our Minds ( or what I call our Mental Fitness as traders makes up (60%).

Big question is " How to Develop a Winning Trading System that fits you?" Google does a good job always.

have A good one.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,916
  • Jul 17, 2015 9:05pm Jul 17, 2015 9:05pm
Quoting rizsa
Dear Traders! I am a poor man from Hungary and i have been dealing with trading for 3 years, but unfortunately i am not a profitable trader. I can see that some of you scored success with this strategy. I also would like to test and use your system could you be so kind to sum up the gist of this strategy and how it works. The truth is that i am a little bit busy recently to read all the replies. Thank you for your kindness and cooperation in advance! (Sorry for my english mistakes) Have a nice day!

Hi rizsa,

here is s good place to start when you don not want to read all 58k posts.

New Introduction to Trading Made Simple Post#57,857

take your time, work diligently and you will be rewarded.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,917
  • Jul 17, 2015 9:36pm Jul 17, 2015 9:36pm
Quoting Esosa
These two indicators seem to give me high entry accuracy, but for some reason both stoped working when i downloaded a new platform. Please for the love of God anybody should help me out. I dont know a thing about programming. {file}{file} Please friends, i need your help

Hi Esosa,

The latest version Synergy_Pro_TDI does the same by factoring in the price volatility so i don't think we need these Gann/macd/OSMA indicators. But since they work for you, good that you can trade consistently with them. Thanks anyway.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,918
  • Jul 17, 2015 9:43pm Jul 17, 2015 9:43pm
Quoting farhad10
A 500$ account has failed to success with TMS in about 1 month and account is called ! Next week I 'll put his trades here one by one and will explain why and how the trader was unsuccessful to be a winner with TMS ! will explain with pure rules of tms by Big E and not any other rules ! Hope to help newbies to well understanding TMS for their future trades regards

Hi Farhad,

You will recover from this with your years of trading experience. I have no doubt.
Every trading system has losses / drawdown. It is the trader who know how to recover from the drawdowns that matters in the long term.
It is a money management game we play with over the technical trading method.

Keep going buddy!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #58,919
  • Jul 17, 2015 9:50pm Jul 17, 2015 9:50pm
Quoting emmanuel7788
Hi, Here is what I saw as I had open positions. Your H1 entry was good and as there was consolidation seen on H4 with that Master candle[3]. That H4 breakout candle was nice with its last H1 (4xH1=H4) being the setup candle aka "Arjun candle". We need to give the trade time to breathe. Trust the higher TF and the intraday support and resistance. We shall see what happen next week. Follow the flow and what the price action shows us. {image} Have a Good Weekend.
Yeah, I should have trusted the H4 more than H1. Nevermind, next time.
Nice weekend to you, too.
Using the RobotFX EAs for a while https://www.robotfx.org/
  • #58,920
  • Edited Jul 18, 2015 11:19am Jul 17, 2015 10:08pm | Edited Jul 18, 2015 11:19am
Quoting emmanuel7788
{quote} Thanks Nik. The results only shows that trading TMS can be profitable when we have a proven money management strategy to add to the 5-Method and to make it into your own winning system. Also trade the higher timeframe like the D1 chart and use money management and risk management deal with those intraday and intraday week retracements. Take small bite-size trades (0.2% of $balance per trade, use position sizing), and build up gradually as the market moves by scaling-in and scaling our positions during the market swings. TMS 5-Method is only...
Hi Emmanuel,

I think one of the defining moments when you go from being a fresh newbie, to a newbie 2.0 is when you realize the incredible importance of money management. Understanding the power that a MM strategy has on our equity curve is a big "aha" moment. Two traders taking the same exact trades, entry & exit, can have wildly different $$ performance, in fact one trader could be profitable and the other could be heavily in the red. This is a powerful realization.

The one advice i can offer to other newbies regarding MM is to keep a very detailed trade log. Regardless of demo or live, if we have a detailed trade log we can always go back and apply another MM strategy to actual trades we took. While there are formulas and other ways to go about it, an old fashion excel sheet with simple formulas is a satisfying way of seeing MM effect on each trade, and our overall bottom line.

Earlier today i posted two (no surprise one was your material) PDFs in Le1s M15 thread regarding MM, any other newbs interested can find those files here: http://www.forexfactory.com/showthre...31#post8387831

Regarding the development of a Trading System, which is the ultimate goal and i am guessing a document which will be evolutionary as each trader him/herself evolves (not to mention the market itself), i have attached two other PDF supplied by you and written by Van Tharp & Tim Wilcox. Its dense material, but very educational and has been very useful as a reference.
Attached File(s)
File Type: pdf Systems & Trading Fundamentals_Van Tharp-5.pdf   721 KB | 6,033 downloads

Attached File(s)
File Type: pdf trading plan.pdf   160 KB | 1,418 downloads


Hope everyone enjoys the weekend, and thanks again to all senior members for their charts and guidance.

Best,
N
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