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Trading Made Simple

  • #59,141
  • Jul 24, 2015 12:24pm Jul 24, 2015 12:24pm
Quoting Paqe
Hi. I'm newbie to this system. I read about first 500 posts than i tried today at demo. What is your comment to the graph EURAUD. I don't know how to distinguish these types of trades. TDI crossed, stoch 8,3,3 crossed, TDI is above 68 and stoch is above 80. What is wrong? Please help me. -87 pips now. Thank you. Excuse for my english. {image}
hi Paqe, please check this post from emmanuel that contains alot of info to read, a good compilation, about your order the HA haven't changed colours for a short
  • #59,142
  • Jul 24, 2015 12:55pm Jul 24, 2015 12:55pm
Quoting omonisha
{quote} You enter short on blue candle?
Yes i think. When i saw TMS red and green crossed with confirm by Stoch that i enter trade.

Quoting mokuro89
{quote} hi Paqe, please check this post from emmanuel that contains alot of info to read, a good compilation, about your order the HA haven't changed colours for a short
Thank you mokuro89, this links will help me a lot. emmanuel7788 says "Sadly he passed away in Oct 2012." in that post. I didn't know that and I'm very sorry
  • #59,143
  • Edited 1:39pm Jul 24, 2015 1:26pm | Edited 1:39pm
Quoting Paqe
{quote} Yes i think. When i saw TMS red and green crossed with confirm by Stoch that i enter trade. {quote} Thank you mokuro89, this links will help me a lot. emmanuel7788 says "Sadly he passed away in Oct 2012." in that post. I didn't know that and I'm very sorry
Ok you read those post. We have lots of excellent trader here posting charts everyday watch there entry exit. TMS is PA+TDI+SR. In short we look for PA near SR confirm with TDI. It is not just TDI at 68 we go short or at 32 for long. Decide which time frame you want to trade. There are lot of pdf inside the paper clip at the top right of this page. Read phx62 pdf also inside the paper clip if you want to trade H1 at London session. Make your strategy start practicing. Every day you will find new thing. Tweak your strategy of your likings and keep on practicing.

Happy reading this weekend

Good luck
Sad i'm not trying to understand PA
  • #59,144
  • Jul 24, 2015 2:56pm Jul 24, 2015 2:56pm
Thursday and Friday's trade
Acc 1 - 9 profit (2000+ pips), 1 losses (100pips), 1 open in profit with 700pips
Acc 2 - 8 profit (2000+ pips), 4 losses (400+ pips)

Im planning to do more backtesting this weekend learn more about this system. Need to figure out where I gone wrong with my second account and how I manage to get higher loss.
  • #59,145
  • Jul 24, 2015 3:52pm Jul 24, 2015 3:52pm
Quoting omonisha
{quote} Ok you read those post. We have lots of excellent trader here posting charts everyday watch there entry exit. TMS is PA+TDI+SR. In short we look for PA near SR confirm with TDI. It is not just TDI at 68 we go short or at 32 for long. Decide which time frame you want to trade. There are lot of pdf inside the paper clip at the top right of this page. Read phx62 pdf also inside the paper clip if you want to trade H1 at London session. Make your strategy start practicing. Every day you will find new thing. Tweak your strategy of your likings...
There is much work to be done Thank you omonisha. Best regards.
  • #59,146
  • Jul 24, 2015 6:15pm Jul 24, 2015 6:15pm
Quoting emmanuel7788
{quote} Hi Davit, That's a super one-shot trade for 102pips. The 10EMA is just a simple way to use moving average to trade. We simply observe the Price Action around the 10EMA in very chart TF. There is this very good post by FF member Tango-1 which explains the 10EMA. http://www.forexfactory.com/showthre...11#post6075211 regards,
Thanks Emmanuel for your response.Will read the link
Regards
In trading, you have to be defensive and aggressive at the same time
  • #59,147
  • Jul 24, 2015 6:16pm Jul 24, 2015 6:16pm
For first time readers and lurkers, you can start reading from Post#1

or a quick start

Introduction to Trading Made Simple Post#57,857

Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,148
  • Jul 24, 2015 6:36pm Jul 24, 2015 6:36pm
It was difficult to trade EA from Mon to Wed as price was bouncing in channel and close to 200EMA. Captured some trades using PA and TDI. The last two days were easy as PA was trending up above 200/800EMA's so long trade with HTF trend. All together six trades, one BE, One loss and 4 winners. Total +207 pips.
Happy Trading everyone...
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-24 21_20_58-EURAUD,H1.png Size: 47 KB
  • #59,149
  • Jul 24, 2015 7:20pm Jul 24, 2015 7:20pm
Quoting Davit
{quote} Thanks Emmanuel for your response.Will read the link Regards
Hi David, I also went read the link, when using the 10EMA with 50/200/800 scaling to HTF strategy, if using M30 we should double the EMA value, right? the 200EMA on M30 is 100EMA on H1, so 10 and 200 EMA on M30 TF has nothing to do with 10/200EMA on HTF
Im thinking on set EMAs with visible-only at M30 to 20/100/400/1600 EMA (10/50/200/800 H1?) and keep the 50/200/800 on other TF, what do you think? does that makes sense?
  • #59,150
  • Jul 24, 2015 9:14pm Jul 24, 2015 9:14pm
Quoting hoperich
It was difficult to trade EA from Mon to Wed as price was bouncing in channel and close to 200EMA. Captured some trades using PA and TDI. The last two days were easy as PA was trending up above 200/800EMA's so long trade with HTF trend. All together six trades, one BE, One loss and 4 winners. Total +207 pips. Happy Trading everyone... {image}
Those are very good trades, excellent trading !
I Have Learned to Take Some Losses to Make Profits
  • #59,151
  • Jul 25, 2015 1:11am Jul 25, 2015 1:11am
Quoting hoperich
It was difficult to trade EA from Mon to Wed as price was bouncing in channel and close to 200EMA. Captured some trades using PA and TDI. The last two days were easy as PA was trending up above 200/800EMA's so long trade with HTF trend. All together six trades, one BE, One loss and 4 winners. Total +207 pips. Happy Trading everyone... {image}
As TSS said, excellent trading this week HR. You caught some really nice moves there.

Look forward to trading alongside you again when I return from hols in a few weeks.
Focus on the process and the profits will follow
  • #59,152
  • Jul 25, 2015 5:38am Jul 25, 2015 5:38am
Quoting mokuro89
{quote} Hi David, I also went read the link, when using the 10EMA with 50/200/800 scaling to HTF strategy, if using M30 we should double the EMA value, right? the 200EMA on M30 is 100EMA on H1, so 10 and 200 EMA on M30 TF has nothing to do with 10/200EMA on HTF Im thinking on set EMAs with visible-only at M30 to 20/100/400/1600 EMA (10/50/200/800 H1?) and keep the 50/200/800 on other TF, what do you think? does that makes sense?
Hi M
For simplicity and none clatter on my chart I only use 2EMA on all TF's 10 and 200
So far last week has been great.It works! Important factor is reading price action correctly.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #59,153
  • Jul 25, 2015 5:55am Jul 25, 2015 5:55am
Quoting emmanuel7788
{quote} Hi camron, We trade D1 charts with Multiple Entries / Multiple Exits using small positions. It is a combination using position building when there is retracement to get a better average entry price and to add more positions when my trades run into profits. It is knowing the market type whether it is trending or sideways ranging. Trending market is easy to manage ME/ME trades. But it is when the market is sideways, we need to identify whether the ranging is narrow or wide range. We learn to avoid narrow range market type. We identify historical...

Dear Emmanuel

When you said "I had to cut some small losses with GBPJPY....", does it mean you know the trade didn't go according to your plan, and you decide to cancel it or "cut some small losses" just simply mean they hit your technical SL ?


Best regards,



steven
  • #59,154
  • Jul 25, 2015 6:39am Jul 25, 2015 6:39am
Quoting since80808
{quote} Hi Don! Could you share your template (with indicators) please?
Master_Candle_v2.mq4
Synergy_Pro_TDI.ex4
Candle Time & Spread.ex4
!SM_ADR Marker.ex4
Inside_Bar.ex4
Attached File(s)
File Type: ex4 Big Os D W MN HiLo V2 .ex4   25 KB | 429 downloads

Attached File(s)
File Type: ex4 Grid10.ex4   7 KB | 406 downloads

Attached File(s)
File Type: ex4 #KG Support and Resistance Alert.ex4   9 KB | 462 downloads

Attached File(s)
File Type: tpl TMS H4.tpl   391 KB | 420 downloads



Quoting Donquixote
tdi already give sell signal at tokyo season , but i wait till price breaks 10 ema and enter at the opening of the blue circled candle sl 40 pips and tp 30 ( i want to take tp 50 but theres a pyschology level) {image}
closed -21 pip ( cant show pic , cant login and download price data from server )
Attached File(s)
File Type: ex4 AsianSession.ex4   4 KB | 326 downloads
Take What You Can , Give Nothing Back
  • #59,155
  • Jul 25, 2015 7:05am Jul 25, 2015 7:05am
Quoting Davit
{quote} Hi M For simplicity and none clatter on my chart I only use 2EMA on all TF's 10 and 200 So far last week has been great.It works! Important factor is reading price action correctly. Regards
Hi Davit, its good to see u here posting in TMS, regarding theses 2 EMAs they are my choice as well , been using them for the whole trading time and both works wonder with Price Action and TMS

My preferred EMAs

EMA 10 , anyone wants to read more about this EMA , read Pitbull Trader book

EMA 200 , learnt all I could about it from Phx62 books
I Have Learned to Take Some Losses to Make Profits
  • #59,156
  • Jul 25, 2015 7:15am Jul 25, 2015 7:15am
Quoting TheScorpS
{quote} Hi Davit, its good to see u here posting in TMS, regarding theses 2 EMAs they are my choice as well , been using them for the whole trading time and both works wonder with Price Action and TMS My preferred EMAs EMA 10 , anyone wants to read more about this EMA , read Pitbull Trader book EMA 200 , learnt all I could about it from Phx62 books
Hi TS
Thanks for welcoming me.I used to trade position trading meaning identify zones and hummer trades.Somewhat successful but felt I was missing something profound.I have been fan of RSI and always had it on my chart and TDI with MA sweetened the deal.
What changed in me realization that I was always behind instead of "in the flow" and now with TDI I am a follower of price instead of a position stalker.
It's all coming together lately.
I find trading 30min to 4h all good.Its a preference of a Trader.
Warm regards
In trading, you have to be defensive and aggressive at the same time
  • #59,157
  • Edited 7:35am Jul 25, 2015 7:24am | Edited 7:35am
just some analyses on GU
Important factor to me is market bias and most simple way is Daily open.
On GU price failed to break DO.looks like classic 123 pattern forming
As you can tell there is strong support at 5445-50
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 42 KB
Click to Enlarge Name: GBPUSDH4.png Size: 45 KB
In trading, you have to be defensive and aggressive at the same time
  • #59,158
  • Jul 25, 2015 7:33am Jul 25, 2015 7:33am
Notice how beautifully price retreated from 200EMA on weekly.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #59,159
  • Jul 25, 2015 7:58am Jul 25, 2015 7:58am
My GU looks bad with price stuck between RN and 200EMA. Also the tdi and mbl are at the 50 line. Won't go anywhere near it until I see the TDI and the mbl at 68 or 32, and PA break free of this 200ma.

Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.png Size: 78 KB
Best regards, Zef
  • #59,160
  • Jul 25, 2015 10:06am Jul 25, 2015 10:06am
Quoting Paqe
Hi. I'm newbie to this system. I read about first 500 posts than i tried today at demo. What is your comment to the graph EURAUD. I don't know how to distinguish these types of trades. TDI crossed, stoch 8,3,3 crossed, TDI is above 68 and stoch is above 80. What is wrong? Please help me. -87 pips now. Thank you. Excuse for my english. {image}
Basically you went short in a very strong uptrend. What tells you that? Continuing blue candles with no wicks on the bottom of them showing continuing strength. And on my TDI there was no cross (see chart). You should wait for red reversal candle and then next red candle to push lower than reversal candle indicating continuing momentum and convincing TDI cross.. As others have said, you can't do better than read Phx62 pdf's to see how many of his trades are off reversal candles and how to recognise the setup. Phx62 mostly trades 1 hour. Even then, with the best setup there are no guarantees, trades can and often do reverse on you.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDSBH4.png Size: 87 KB
Attached File(s)
File Type: pdf Phx62 study V.pdf   4.0 MB | 935 downloads
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