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Trading Made Simple

  • #60,221
  • Sep 2, 2015 7:16pm Sep 2, 2015 7:16pm
Quoting WayneTech
{quote} I have noticed that if the TDI green line does not cross the red line then the Matrix will not change color in any time frame even if the candle has already changed color. Which means, if the matrix indicates same green color in all time frames then the green line is already above the red line and vice versa with red color. So if we are looking at a single time frame chart, it would help by just looking at the matrix and you'll know that all the three time frames would give you an indication that all the TDI have already crossed the red...

Hi Wayne,

USDCAD direction is 'correct' but the market is sideways but to the upside. It is the intraday volatility caused by the reaction to the US data last night which shook thing up a little.
Note on the day chart the 'big candle' Wide Range Bar on Friday 28 Aug and the 'small candle' Day Inside Bar on Monday 1Sep. We have an opportunity in the days ahead but not easy with the current narrow range trading. Last night it tested the WRB high.

No worries about the HA matrix, if you know how to change that to show as APB matrix, that should do the trick. But I suspect the chart updates correctly in realtime without refreshing it.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,222
  • Sep 2, 2015 8:19pm Sep 2, 2015 8:19pm
Quoting Ballistical
{quote} Catalin, Firstly, do not think for a second that everyone else is seeing consistent success except you. Forums can be very misleading since many traders only post their good trades. In fact it's very rare that anyone admits that they are struggling. Most will just move onto the next system and try their luck elsewhere. Even the most experienced traders using this system will have losing streaks. Of course, managing risk and capital during these periods is what really makes the difference. Secondly, you need to be realistic with your expectations....

That's right! I think TMS really takes a substantial amount of practice and practice to perfect the strategy and develop your own edge.

Meantime, the EUR and GBP crosses look trapped in the big long bullish candle. How should we manage these currencies?
  • #60,223
  • Sep 2, 2015 8:33pm Sep 2, 2015 8:33pm
Quoting Ballistical
{quote} Catalin, Firstly, do not think for a second that everyone else is seeing consistent success except you. Forums can be very misleading since many traders only post their good trades. In fact it's very rare that anyone admits that they are struggling. Most will just move onto the next system and try their luck elsewhere. Even the most experienced traders using this system will have losing streaks. Of course, managing risk and capital during these periods is what really makes the difference. Secondly, you need to be realistic with your expectations....
Ballistical, thanks for a great advice.......
  • #60,224
  • Sep 2, 2015 10:51pm Sep 2, 2015 10:51pm
Quoting emmanuel7788
{quote} Hi Yuki, In my opinion, you are over trading in one day. You need only 5 intraday trades a week and will make some good money. Just pick the high probability ones. Observe the market timing for different currency pairs. Asian session, avoid trading the first 2 - 3 hours when Sydney open, wait for Tokyo open that is when most of the other Asian markets are also open and more liquidity flow back into Asia. You focus on 20 pips during this early morning trade. Trade AU, AJ and EJ H1/M15 during Tokyo morning. But if those are your demo trading...
Hi emma!Before Tokyo open...I see I care about itOver trading...I understood it but yesterday morning i lost 2tadesSo i became hot and i thought i need to take profits again...It was mistake...Thank you attention
  • #60,225
  • Sep 2, 2015 11:44pm Sep 2, 2015 11:44pm
Quoting emmanuel7788
{quote} Catalin, You are not the only one. There are many silent ones who chose to suffer the same but quietly. Many others who PM me also shared with me their experience and how they continue to make losing trades despite following this thread for months. Every one has quite different reasons why they still have not made it to be profitable. The same reason is lack of screen time and have not opened their 'third eye' for details and trading. The first big mistake you made is to believe that someone make 'tons of pips' simply because he posted only...
Hi Emmanuel,
I am also trying to learn this method and have one question on this picture. What should I use to define the trend, is it TDI cross? Can you please explain in steps that if H4 TDI is crossed up and H1 TDI is down, how should one plan an entry?
I am struggling with multiple time frame analysis.
Thanks in advance.

Thanks.
  • #60,226
  • Sep 3, 2015 12:05am Sep 3, 2015 12:05am
EURNZD 3 Sep:

The last H1 setup signal was good with the H1 IB breakout.
Now we should look at H4 to see if there is a high probability price action trade setup.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD 3 Sep H1 setup.png Size: 87 KB


What is the market type? trending or sideways?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,227
  • Sep 3, 2015 12:15am Sep 3, 2015 12:15am
UJ, AJ, EJ and GJ all H1 shows good potential for getting some pips later today....
post what you see.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,228
  • Sep 3, 2015 1:18am Sep 3, 2015 1:18am
Quoting redfan
Can anyone help. I am looking for a EA that opens a buy trade when it hits a green horizontal Trend line, And opens a sell trade when it hits a red horizontal trend line, I know it exists because I've lost it . If anyone knows where I can find one . please leave me the link. Thank you.
Hi redfan, you can try this one....
Attached File(s)
File Type: rar LineTrader.rar   277 KB | 548 downloads
  • #60,229
  • Sep 3, 2015 1:34am Sep 3, 2015 1:34am
Quoting emmanuel7788
UJ, AJ, EJ and GJ all H1 shows good potential for getting some pips later today.... post what you see.
Thanks for the heads up Em.
  • #60,230
  • Sep 3, 2015 1:42am Sep 3, 2015 1:42am
Quoting emmanuel7788
UJ, AJ, EJ and GJ all H1 shows good potential for getting some pips later today.... post what you see.
GJ:
1. D1: Primari trend is up. But now is Down Correction (DC). Support level was break. Now it is RL. I think, that price will move down to SL #2.
2. H4: The situation is similar. The level of support has turned into a resistance level and price moves down from it to the next level of resistance.
3. H1: Good point to enter.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ-D1.jpg Size: 570 KB
Click to Enlarge Name: GJ-H4.jpg Size: 563 KB
Click to Enlarge Name: GJ-H1.jpg Size: 459 KB
  • #60,231
  • Sep 3, 2015 2:17am Sep 3, 2015 2:17am
Quoting Migleon
{quote} GJ: 1. D1: Primari trend is up. But now is Down Correction (DC). Support level was break. Now it is RL. I think, that price will move down to SL #2. 2. H4: The situation is similar. The level of support has turned into a resistance level and price moves down from it to the next level of resistance. 3. H1: Good point to enter. {image} {image} {image}

only UJ and GJ are the prettier ones when FO.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,232
  • Sep 3, 2015 2:20am Sep 3, 2015 2:20am
After Black Monday, H4 and D1 charts look ugly to trade...

exactly what Big E said in http://www.forexfactory.com/showthre...76#post4581476

http://www.forexfactory.com/attachme...1&d=1304089525
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,233
  • Sep 3, 2015 2:20am Sep 3, 2015 2:20am
Quoting emmanuel7788
{quote} only UJ and GJ are the prettier ones when FO.
Sorry, but what is FO?
  • #60,234
  • Sep 3, 2015 2:21am Sep 3, 2015 2:21am
Quoting Migleon
{quote} Sorry, but what is FO?
FO=Frankfurt Open...some call it Frankie

its one hour before LO=London Open.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,235
  • Sep 3, 2015 2:31am Sep 3, 2015 2:31am
Quoting Ballistical
{quote} Catalin, Firstly, do not think for a second that everyone else is seeing consistent success except you. Forums can be very misleading since many traders only post their good trades. In fact it's very rare that anyone admits that they are struggling. Most will just move onto the next system and try their luck elsewhere. Even the most experienced traders using this system will have losing streaks. Of course, managing risk and capital during these periods is what really makes the difference. Secondly, you need to be realistic with your expectations....
yeah , i hav many bad trades in demo and i just too tired to post bad trades, and whats more my mistakes ady answered , so i dont really need to post anything , just read and learn.
Take What You Can , Give Nothing Back
  • #60,236
  • Sep 3, 2015 2:36am Sep 3, 2015 2:36am
Quoting Ballistical
{quote} Catalin, Firstly, do not think for a second that everyone else is seeing consistent success except you. Forums can be very misleading since many traders only post their good trades. In fact it's very rare that anyone admits that they are struggling. Most will just move onto the next system and try their luck elsewhere. Even the most experienced traders using this system will have losing streaks. Of course, managing risk and capital during these periods is what really makes the difference. Secondly, you need to be realistic with your expectations....
Great post mate! A lot to learn for everyone of us still, every day in every trade.
  • #60,237
  • Sep 3, 2015 2:42am Sep 3, 2015 2:42am
Quoting emmanuel7788
{quote} one hour before LO=London Open.
where you can watch the work of stock exchanges (London, Frankfrut, etc.)?
  • #60,238
  • Sep 3, 2015 3:21am Sep 3, 2015 3:21am
Hi all,

The TMS System has been one with ups and downs for me aswell. But most importantly, I'm giving myself enough time to learn the system. Many of the great TMS traders have lots more experience with forex in general i think and also a huge amount of screentime with tms and with other systems. As long as I don't jump from one system to another every week and I continue to study TMS then I'm progressing.

On the other hand, within the TMS system I have been moving from TF to TF depending on the amount of time I had during the day. In the coming months, however, I expect to have more time during the day and I'm moving back towards the 1H timeframe.

I don't want to look at too many pairs because when I do this, I always have a tendency to overtrade. I want to focus on the EURAUD pair. This one seems to have a good average daily range in /$ value but not as eclectic as GBP pairs. I want to combine this with one or two pairs that I select every day that seem a good choice for the day to me.

I'm still working on my system and I'm trying to write a thorough trading plan.

I think most 1H traders use SE/SE or SE/ME with manager? What is a good way to determine the initial S/L for a pair? Most traders seem to use a fixed amount of pips for this. At the moment I'm thinking about using the ATR on 1H (Average of ATR(100), ATR(50), ATR(20), ...) and using a 1x ATR as Initial S/L. Could this be a viable option? Or is a 1x ATR a pretty small margin of error? On EURAUD, this is 51 pips at the moment on my screen, while for NZDUSD for example it is only 14. With this S/L, I will calculate my position size to equate to 1% risk. How do other 1H traders go about this? Emmanuel has posted so many good things about this stuff, but this seems to be more applicable to 4H charts.

With regards to exits, I'm currently looking at multiple exits managed with my platform (not MT4, but I try to program some stuff myself). If i use ATR as S/L it seems logical to use multiples of ATR as exits aswell. I haven't decided yet and these are things that will probably grow organically with experience but I'd love to hear some "best practices" as insipiration for finding my own system that I feel comfortable with.

Also, I'd love to hear some opinions on moving S/L to breakeven for 1H trades. What are the cutoff values that everyone uses or is this something that should be done manually?

Many thanks in advance and kind regards,
  • #60,239
  • Sep 3, 2015 3:44am Sep 3, 2015 3:44am
Quoting emmanuel7788
EURNZD 3 Sep: The last H1 setup signal was good with the H1 IB breakout. Now we should look at H4 to see if there is a high probability price action trade setup. {image} What is the market type? trending or sideways?

H1, H4, Daily is DownTrend

H1 is Retrace
  • #60,240
  • Sep 3, 2015 4:04am Sep 3, 2015 4:04am
Quoting Trader MT4
{quote} H1, H4, Daily is DownTrend H1 is Retrace

Look at this multi-charts below.
What is the Dominant Trend?
After the Black Monday Day candle, what do you see?

Right now, a new H4 candle just open (GMT0900) , what is the price action?
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD week 36 multi charts.png Size: 66 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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