Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #59,683
- Aug 18, 2015 4:21am Aug 18, 2015 4:21am
{quote} "market set up" ... when we are not careful in using the Triple Screen technique..
Is that mean using HTF as primary target emm?
EDIT : I've Already found the link
Dear all,
Before all, please excuse my English, as I'm French. It is my first post here.
A few weeks ago, I discovered the "Trading Made Simple" method thanks to the pdf document written by Big E and Snarlyjack.
I studied it thoroughly and noticed that the authors evoluated from something complicated to something absolutely pure and simple, removing more and more parameters along the months and eventually just using the TDI and the Heikin Ashi.
But a few days ago, keeping gathering information about the method, I discovered here in this forum that a reverse trend seems to now exist that advocates to add again more and more indicators, including some things I still don't know at all (Guppys, Synergy, and so on).
So I'm puzzled; should we really add more things, and if so, what...? Or should we follow the Snarlyjack's advice in the pdf that whatever the market and the timeframe, the core of the system is just what we need, TDI's patterns combined with Heikin Ashi ?
Thank you so much for helping me, as I'm puzzled!
Before all, please excuse my English, as I'm French. It is my first post here.
A few weeks ago, I discovered the "Trading Made Simple" method thanks to the pdf document written by Big E and Snarlyjack.
I studied it thoroughly and noticed that the authors evoluated from something complicated to something absolutely pure and simple, removing more and more parameters along the months and eventually just using the TDI and the Heikin Ashi.
But a few days ago, keeping gathering information about the method, I discovered here in this forum that a reverse trend seems to now exist that advocates to add again more and more indicators, including some things I still don't know at all (Guppys, Synergy, and so on).
So I'm puzzled; should we really add more things, and if so, what...? Or should we follow the Snarlyjack's advice in the pdf that whatever the market and the timeframe, the core of the system is just what we need, TDI's patterns combined with Heikin Ashi ?
Thank you so much for helping me, as I'm puzzled!
- #59,685
- Aug 18, 2015 6:10am Aug 18, 2015 6:10am
Dear all, as I'm puzzled!
Well im a really new to this strategy it start from 1 month ago. Basically what BigE, Emmanuel, SJ, and others member find that noobs like me have to be more profitably in trade so the guys simplify the method, so even a noob can make money. That's why there's so many new indicator that hold the idea around here.
But the concept is still the same.
And myself, only trade using PA,Synergy APB, TDI and round number from PVSRA thread, "sometime" i got my entry without looking TDI and it works
There's no change in this concept trade, I hope this one help
Good Trade Gann
- #59,687
- Aug 18, 2015 6:53am Aug 18, 2015 6:53am
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} Is it because the trigger candle is within the WRB of H4 candle and the D1 candle?
Hi,
Did you read the pdf in post http://www.forexfactory.com/showthre...33#post8438033
my answer in the chart below:
it was tricky yesterday looking for sell trade. Today is the same.
trading H1 is tough when we don't read the price action.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #59,690
- Aug 18, 2015 8:52am Aug 18, 2015 8:52am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #59,691
- Aug 18, 2015 8:53am Aug 18, 2015 8:53am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
Hi to all TMS traders Two trades today with + 45 pips E/G a bit late but has a strong PA . Gold was spending a choppy day and my trade lasts 9 hours but finally target hits ! Regards {image} {image}
I Have Learned to Take Some Losses to Make Profits
- #59,692
- Aug 18, 2015 9:04am Aug 18, 2015 9:04am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
- #59,693
- Edited 11:37am Aug 18, 2015 10:22am | Edited 11:37am
Gold _ H1 , trading after US news, entered on 3rd APB candle with cross of TDI {image}
Hope to hear change or non change in interest rate of us as soon as possible, then have good days on gold !
- #59,695
- Aug 18, 2015 1:25pm Aug 18, 2015 1:25pm
{quote} Good morning Folks, We see a ABCD completion and possible extended CD leg. With a H4 WRB and now breaking out, EU is on target to hit 1.1022 the low of the D1 WRB low. Trade Well.
- #59,697
- Aug 18, 2015 1:59pm Aug 18, 2015 1:59pm
{quote} H, AUDUSD is sideways. On your H1 chart, we can see is a Day Inside Bar on 13 Aug, the Mother Bar is the 12 Aug. Best to trade lower TF H1 and M15 with target set at the D1 WRB Low {image}
My mistake was - I didn't look at H4 candles at all, I considered W1 and D1. Anyways, how did you decide on buy or sell on this pair.
- #59,698
- Aug 18, 2015 6:59pm Aug 18, 2015 6:59pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} How do you decide which way to go in sideways market? While trading on H1, do you go in the direction of D1 or H4? Before reading your post, I went long on this pair on demo and stopped out. It was making HLs for 3 days in a row, Heiken ashi bars were green for 3 days and I thought direction was up
It is very difficult to trade lower TF when market is in narrow range. Every trading method has its inherent weakness and in the case of TMS 5-Method, over use of the APB/HA and the TDI is a weakness when we do not see what is inside the price bar. The APB/HA candle body size may smooth the price but it also give us the false impression that the price is bullish when it is not and vice versa.
The TDI is slow to response and rely on the parameter we set - the period and the price type.
Why did I decide on sell this week? it is the Weekly chart and last week' candle.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #59,699
- Aug 18, 2015 7:05pm Aug 18, 2015 7:05pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
{quote} You were extremely accurate about that
It is sometimes "predictable" where price can go with high degree of accuracy.... but not all the time. We just have to do our homework and prepare ourselves for all possible scenarios everyday when we are in the market.
To answer those PMs who asked me on how I see the ABCD pattern, here is the chart below.
More room for downside move this week. Where is our next target?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #59,700
- Aug 18, 2015 7:15pm Aug 18, 2015 7:15pm
- Joined Nov 2008 | Status: Trader | 50,189 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett