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  • #60,121
  • Aug 29, 2015 8:10pm Aug 29, 2015 8:10pm
[quote=dingdong99;8463652]{quote} Hii...emmanuel7788.....Thank.... "Price Action is King" yes, i agree with it.... Now, I started to switch to using the dashboard ... so, Price action will not be as good at looking at the chart, a case in which you show the picture, I look at the box because at the time it happens divergent......

Hi Dingdong99,

It just reminded me of similar activity I did 50 weeks ago. In order to learn patience and discipline without risking big amount I started a real account with $87.70. Don't ask me why 87.70 as I was trying to deposit $100 dollars like you but some fee etc left me with this amount. The 50 weeks were challenging and I did fight with emotions and some time I thought it is waste of time and energy. But you are right, if we can't manage small accounts forget about dealing with big money. We need to earn the right to deal with big accounts.
Here is an example from similar activity.

Green pips to you and thanks for sharing.

HR
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  • #60,122
  • Aug 29, 2015 11:03pm Aug 29, 2015 11:03pm
Quoting hoperich
This week I only have four trades on EUR/AUD and one scalp on Gold. I did not trade on Wed as 3rd trade on Tues hit the SL although the analysis were correct. My usual SL 30 pips were too small for the momentum whole last week so I decided to stay clear until the volatility is back to normal next month. Wed, Thurs and Fri were picture perfect and I see some people made easy money there. The PA was CT towards 200EMA and plenty of room. PA+TDI was in synch making LH/LL and touching the trendline. Good luck to all next week. {image} {image}
Nice one again, I took Gold trade long on Friday, went long at NYO and closed that in an emotional attempt not following my plan, took 10 pips out of possible 100 pips
I Have Learned to Take Some Losses to Make Profits
  • #60,123
  • Aug 30, 2015 12:02am Aug 30, 2015 12:02am
Quoting dingdong99
{quote} Hii...emmanuel7788.....Thank.... "Price Action is King"..........Have a good Weekend.
Hi dingdon99! You have produced great results with very small amount, thnx for sharing with us your experience. Did u use TMS method?
Winners Never Quit, Quitters Never Win
  • #60,124
  • Aug 30, 2015 12:24am Aug 30, 2015 12:24am
Quoting hoperich
Here is an example from similar activity.
Good day!
Tell us more. Which pair? Which strategy? How many took the time? What is the risk per trade?
  • #60,125
  • Aug 30, 2015 1:02am Aug 30, 2015 1:02am
Quoting shay14
{quote} http://www.forexfactory.com/attachme...1&d=1440799327 this is very impressing, very high success rate can you tell me what software records this? is it my fxbook?
it's MT4 platform.

just 2 posts above your post, is the answer.

http://www.forexfactory.com/showthre...86#post8463486

every trading platform has its own accounting report.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,126
  • Aug 30, 2015 1:55am Aug 30, 2015 1:55am
Quoting Migleon
{quote} Good day! Tell us more. Which pair? Which strategy? How many took the time? What is the risk per trade?
Pair = EUR/AUD
Method = TMS (Trading Made Simple) => PA+TDI
Time = 50 weeks
Risk = 2.5% to 5%

Thanks, HR
  • #60,127
  • Aug 30, 2015 6:37am Aug 30, 2015 6:37am
Hi all!
I wanna try TDI with iphone

I made nearTDI

But what should i do with APB and PAC

Someone assist me. XD
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  • #60,128
  • Aug 30, 2015 7:25am Aug 30, 2015 7:25am
2015 Week 35 - Trade Summary:

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

In last week's summary I commented on how we'd had a good week on EA H1 with price moving almost 600 pips. Clearly this was only the beginning of a much bigger move since this week saw a move of 1000 pips in a single day! I watched "Black Monday" (as it has now been labelled) unfold from the side-lines and the giant spike in ADR made me cautious of trading until the dust had settled. Finally price found its way into a downtrend but like Hoperich, my tight SL and trade management strategy which has been successful on this pair, also fell victim to the huge spike in ADR causing several trades to get spiked out before going onto reach TP's. Slightly frustrating but it's all good learning.

I've heard of traders who link their SL's and TP's to ADR which is not something I've ever done but might be something worth adding to the trade plan. Normally I use a 25 pip SL with 50 and 100 pip TP's. This is already very aggressive when ADR is around 150-180. This week's closing ADR of 359 meant I would have seen improved results if I had doubled all of my SL's and TP's. Regardless, I finished the week at break-even.

Monday: Got to my charts at LO and saw that price had made a move of over 300 pips during the Asian session. With such a large move and with almost no news whatsoever all day, I expected London to range... how wrong I was! Price quickly found it's way back up to match the Asian high, in the lead up to NYO. Out of nowhere NYO+1 began to make an unprecedented break upwards. At 100 pips I thought I'd missed the move, then 200, then 300... you get the idea. Pretty gutted to miss out on all those easy pips but I didn't think for a second that we'd see a 600 pip move in 5-10 minutes!!!

Tuesday: I was still a little nervous about trading in the shadow of Monday's spike, and LO wasn't really giving much away. I lost interest and got on with other work, occasionally checking my charts. As a result I completely missed the drop at LO+3 worth 140 pips! It happened so quick that even being at my PC, I managed to lose out! This is not the first time I've done this. Perhaps in future, using pending orders would be an easier way of avoiding missing these opportunities.

Wednesday: Unfortunately I was out on the road all morning and as a result was not available to trade London. A great shame since price gave a nice TDI bounce signal down, once LO had retested the newly forming trend-line. A great example of TMS + PA, good for 170 pips.

Thursday: Finally, an A+++ setup. FO formed a nice setup candle with price bouncing off the trend-line. LO formed the entry candle with TDI green now below red, yellow and the 50 line. First position immediately hit +50 and the second came within a few pips of the +100 TP, but a sudden pullback also meant this closed at +50. Not to worry. I waited to see what NYO bought and again, this formed a nice setup. A DBHLC (Double Bar High with Lower Close) candle pattern combined with a colour change and TDI bounce. I entered at the next candle but was whipsawed out at BE once price had moved 25 pips in my favour. (+50,+2%)

Friday: APB candles were decreasing in size as we entered Friday with price now trapped between the 200ema and the trend-line. My bias entering London was actually bearish as we were nearing the trend-line and price had formed plenty of upper wicks in the lead up to London. However, price pushed on through. I waited until I was certain that price had broken the trend-line but my entry long was poorly-timed and immediately reversed on me. Perhaps it would have been safer to stay out altogether. Price eventually stalled and formed a double top as we entered NYO. The NYO setup candle was the signal I'd expected LO to provide. I entered short on the next candle but again was immediately whipsawed out. Perhaps it was the trend-line again or just general US session choppiness... I'm not sure. I do know that it was a strong TMS signal that I would have taken every time. (-50, -2%)

Whilst my results were a little disappointing due to the ADR as I have already mentioned, I am happy with my analysis this week. Following last week's Counter-Trend losses and some advice from Farhad on trends and trend-lines, I was quick to get one on my chart, and use it in my trade decisions this week. For any newbies looking for an example of what "TMS + PA" is, Wednesday and Thursday's London session demonstrate this perfectly. A bounce from a trendline followed by an APB colour change and a TDI cross, all in line with the recent trend is a really strong TMS signal IMHO. Also, I would normally consider trades INTO the 200ema to be counter-trend but due to Monday's move dragging price a long way from the moving-average, I was more focussed on recent swing highs and swing lows as taught by Hoperich.

Once again, thanks to all that are posting charts and keeping this thread going, I see we passed two milestones this week with 60,000 posts and 3000 pages. A true testament to Big E and all of his followers.

Good luck in the coming week all!

Ballistical
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Focus on the process and the profits will follow
  • #60,129
  • Aug 30, 2015 7:31am Aug 30, 2015 7:31am
Quoting yuki0912
Hi all! I wanna try TDI with iphone I made nearTDI But what should i do with APB and PAC Someone assist me. XD {image}
Yuki,

Unfortunately APB/HA candles are not available on MT4/ MT5 iPhone app's. However, they are available on the "Trade Interceptor" app.

I don't really trade on my phone any more but I used to watch for signals on the Trade Interceptor app and then place a trade in the MT4 app. Not ideal but it is one work-around available to you.

The PAC is simply two offset moving averages which should be easy to replicate in either app although I don't use it in my trading so I'm afraid I'm not 100% on the settings for these... perhaps someone else can advise.

Hope this helps

Ballistical
Focus on the process and the profits will follow
  • #60,130
  • Aug 30, 2015 7:36am Aug 30, 2015 7:36am
Quoting hoperich
Quoting dingdong99
{quote} Hii...emmanuel7788.....Thank.... "Price Action is King" yes, i agree with it.... Now, I started to switch to using the dashboard ... so, Price action will not be as good at looking at the chart, a case in which you show the picture, I look at the box because at the time it happens divergent...... Hi Dingdong99, It just reminded me of similar activity I did 50 weeks ago. In order to learn patience and discipline without risking big amount I started a real account with $87.70. Don't ask me why 87.70 as I was trying
...
Incredible results HR,

That takes some serious discipline, even with a relatively small account! Now just rinse and repeat...
Focus on the process and the profits will follow
  • #60,131
  • Aug 30, 2015 8:18am Aug 30, 2015 8:18am
Quoting Migleon
{quote} Oh, it's my dream...)
Quoting hsn100
{quote} Hi dingdon99! You have produced great results with very small amount, thnx for sharing with us your experience. Did u use TMS method?
Hi, Migleon, hsn100....
everyone has a dream, and it makes us keep moving to accomplish and obtain our dreams ....
errors and mistakes in trading will always be a correction, when we've thought about the risks on every order, we will learn to manage risk and how to survive, profit will come ...

Quoting shay14
{quote} is that ur small account trading TMS? Very good if it is
Hi, shay14
everybody can do that Brother ...
when we've been able to control properly for the emotions and greed. transaction order is not due to make a profit, but because according to the rules of order transactions

Quoting hoperich
{quote} Hi Dingdong99, It just reminded me of similar activity I did 50 weeks ago. In order to learn patience and discipline without risking big amount I started a real account with $87.70. Don't ask me why 87.70 as I was trying to deposit $100 dollars like you but some fee etc left me with this amount. The 50 weeks were challenging and I did fight with emotions and some time I thought it is waste of time and energy. But you are right, if we can't manage small accounts forget about dealing with big money. We need to earn the right to deal with big...
Hi, hoperich....
it looks good, and impressive. brother ...
yup, small account, or large.
each has a money management must be planned, tolerance to risks that are ready to receive. "Emmanuel7788" do it well, in his history looks he always keeps drowdown, discipline with rules already in live by emmanuel7788 ....

Interestingly, here I can see the power of discipline, consistent outside of the mental and psychological trader who built through the experience.

All the Best...
Regard, Ding Dong
  • #60,132
  • Aug 30, 2015 8:44am Aug 30, 2015 8:44am
Quoting dingdong99
Hi, shay14 everybody can do that Brother ... when we've been able to control properly for the emotions and greed. transaction order is not due to make a profit, but because according to the rules of order transactions
Well said. It might be difficult to grasp the notion for some, but it takes absolutely no talent whatsoever to be consistent in the fx market. And I sound like a broken record when I'm saying that psychology is about 95% of trading. The only thing required is to master 6'th grade algebra notions and the rest is only about personality and psychology.

Bottom line is that those who earn the right to make money, will make it. And those who don't earn it, will not make. Simple as that and no system on the planet can ever change it.
Best regards, Zef
  • #60,133
  • Aug 30, 2015 8:56am Aug 30, 2015 8:56am
Quoting Ballistical
{quote} Yuki, Unfortunately APB/HA candles are not available on MT4/ MT5 iPhone app's. However, they are available on the "Trade Interceptor" app. I don't really trade on my phone any more but I used to watch for signals on the Trade Interceptor app and then place a trade in the MT4 app. Not ideal but it is one work-around available to you. The PAC is simply two offset moving averages which should be easy to replicate in either app although I don't use it in my trading so I'm afraid I'm not 100% on the settings for these... perhaps someone else...
Oh... Thank you! Mr Ba

I'll try 5MA method
  • #60,134
  • Aug 30, 2015 9:15am Aug 30, 2015 9:15am
Heres EA channel on H4, will see how this TL on the support side holds or get broken on Mondays
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I Have Learned to Take Some Losses to Make Profits
  • #60,135
  • Aug 30, 2015 12:46pm Aug 30, 2015 12:46pm
Hi emmanuel7788,
is it possible to get your TMS Template, you actually use? I'm very new to TMS, still reading, your pdfs are phenomenal!! To understand and replicate your trades it would be great to have the same template.

Thanks in advance!
  • #60,136
  • Aug 30, 2015 3:55pm Aug 30, 2015 3:55pm
Quoting TheScorpS
{quote} Nice one again, I took Gold trade long on Friday, went long at NYO and closed that in an emotional attempt not following my plan, took 10 pips out of possible 100 pips
Hi TSS,

I have recently started looking into Gold and lot more to learn before getting into it. The EUR/USD is one of the pair I am looking closely these days due to low spreads. The first step is to back test couple of years of Data. I have been observing your trades here in TMS and TMS for 30 minutes. Both threads have some excellent traders.

Thanks, HR
  • #60,137
  • Aug 30, 2015 4:09pm Aug 30, 2015 4:09pm
[quote=Ballistical;8464076]2015 Week 35 - Trade Summary: 4 trades in total: - 1 Win - 1 BE - 2 Losses In last week's summary I commented on how we'd had a good week on EA H1 with price moving almost 600 pips. Clearly this was only ....

Excellent reading stuff Ballistical and all new traders should read posts like these ones with their charts open. This will give very good visual chart reading practice. I have reviewed all four of your trades and your analysis were right on target; however it is the volatility that caused some frustration for all of us. Congrats!!

Just like phx62 has written in one of his post:

"Once you gain confidence from back testing and forward testing entry signals like TDI cross or divergence or double bottoms or candle pullbacks, then you will not be so quick to exit when price moves a few ticks in the opposite direction. Once you do that, you will begin to "see" and "read" the charts......then the light bulb will go on and you will say.....that is so easy now.....why didn't I see that before?"

Good luck in the coming week.

HR
  • #60,138
  • Aug 30, 2015 6:35pm Aug 30, 2015 6:35pm
Does anyone have a way for sending emails when the red and green lines of TDI cross ?
  • #60,139
  • Aug 30, 2015 6:36pm Aug 30, 2015 6:36pm
Quoting dingdong99
{quote} Hii...emmanuel7788.....Thank.... "Price Action is King" yes, i agree with it.... Now, I started to switch to using the dashboard ... so, Price action will not be as good at looking at the chart, a case in which you show the picture, I look at the box because at the time it happens divergent? I just keep the lot size is not too big in comparison with the amount of balance, to keep a fixed margin endure if the analysis experienced an error. sorry if out of topic, brother ..... {quote} hm, TMS has developed several options tools,...
Pls do share your set file for the dashboard. Thanks
Motivation is what gets you started. Habit is what keeps you going
  • #60,140
  • Aug 30, 2015 8:42pm Aug 30, 2015 8:42pm
TMS Monitor 31 Aug TOK+1

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What are the risks of this trade?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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