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Trading Made Simple

  • #60,301
  • Sep 4, 2015 8:39am Sep 4, 2015 8:39am
Quoting tibovwh
{quote} You're probably right LL, I have always been very focused on my layout which sometimes distracts me from making good decision. It's deffinatly something I need to be wary off so it's worth thinking about. Forgive me that i start a small discussion about this ! I have added an example of my chart how it looks at this moment. Keep in mind that I have decided to trade with a broker that offers this platform that I will use. I know this might not be ideal for posting charts. This also means that I can't just use the stuff in the thread's attachment...
Hi,
Some quick opinions.
Or should I just go through the history with clean chart? - Definitely, you will learn more.
Daily Open Line, Yesterday High / Low - Useful as they can act as S/R zones (EURAUD is a big respecter of DOL)
I would also suggest a 50ema and 200ema as again possible S/R zones (most so the 200ema). The important thing is to watch what price does and spot patterns as the market repeats itself. In backtesting look at exits as well as entries. Start small with 20 -30 pip wins until you get more confidence and learn from any losers.
cheers
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,302
  • Sep 4, 2015 8:46am Sep 4, 2015 8:46am
Quoting Lupo.Nero
If i use H1 and H4 which types of other timeframes i must see?
Hi Lupo
A good starting point is 1 TF up and 1 TF down. The lower TF will help with entries and the higher with trend.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,303
  • Sep 4, 2015 9:18am Sep 4, 2015 9:18am
Quoting Lookleft
{quote} Non Farm Payroll. Big US data release that usually has a very high impact on the market.
Thank you Look Left！
I for got that
  • #60,304
  • Sep 4, 2015 9:51am Sep 4, 2015 9:51am
hi all.

i have using this system for quite awhile now with limited success, it seems dat the original TDI red green have some issue or atleast for me, these are two pics of GU taking before awhile, one the cross on the first candle , and using another profile i looked at the same TDI bt it seems its the second or third candle

any help?

im using original TDI red green, with 5ma smoothed as pac (hi,low), i was using stoch 8 3 3 which kept me enter the trade late so i used Gan HiLo histogram , other than that der is synergy ABP and 200 EMA , i was trading live but because of draw downs i trade smaller n less n only 4H, im doing revision on the whole system now but anyway i really feel good about this system
Attached Image(s) (click to enlarge)
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  • #60,305
  • Sep 4, 2015 10:00am Sep 4, 2015 10:00am
the tdi is giving me attitude i hope seniors give it a look
  • #60,306
  • Sep 4, 2015 11:00am Sep 4, 2015 11:00am
Quoting emmanuel7788
{quote} Hi Alan, I don't have my chart for this pair becasue I removed all the CHF pairs from my Market Watch list. But just by looking at your chart, I recall Big E mentioned few times that he look at previous price swings and the level of the TDI where the previous swings took place. Seems like this may be a good setup for a new swing trade as there were two previous reversal swings around the 5-level. regards,
Hi Emmanuel, thank you.

Before the NFP, the trade wasn't going good then it only went down because of bad NFP.
Fortunately I only took it on demo.

Is it the best to remove all the CHF pairs?

Have a good weekend.
Attached Image (click to enlarge)
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  • #60,307
  • Sep 4, 2015 11:18am Sep 4, 2015 11:18am
Dear GG,
As far as I have understood, TDI red green has some issue because it is not changing in real time and you have to refresh if you want to see its real last value.
The solution is to use the synergy pro TDI or the TDI-RT
I HOPE IT HELPS!

Quoting G.Grillz
hi all. i have using this system for quite awhile now with limited success, it seems dat the original TDI red green have some issue or atleast for me, these are two pics of GU taking before awhile, one the cross on the first candle , and using another profile i looked at the same TDI bt it seems its the second or third candle any help? im using original TDI red green, with 5ma smoothed as pac (hi,low), i was using stoch 8 3 3 which kept me enter the trade late so i used Gan HiLo histogram , other than that der is synergy ABP and 200 EMA , i was...
  • #60,308
  • Sep 4, 2015 4:13pm Sep 4, 2015 4:13pm
Quoting G.Grillz
the tdi is giving me attitude i hope seniors give it a look
Have you taken time to searched the thread for the answer?
This has been asked many times and answered in great detail
Never argue with a fool; onlookers may not be able to tell the difference.
  • #60,309
  • Sep 4, 2015 8:07pm Sep 4, 2015 8:07pm
Quoting AlansGS777
{quote} Hi Emmanuel, thank you. Before the NFP, the trade wasn't going good then it only went down because of bad NFP. Fortunately I only took it on demo. Is it the best to remove all the CHF pairs? Have a good weekend. {image}

Hi Alan,

I currently monitor these 15 currency pairs and these will give me minimum 5 trade opportunities each week. I could have included USDCHF but this pair is inverse correlated to EURUSD so it does not make sense to trade this along with EURUSD.

  1. AUDUSD
  2. EURUSD
  3. GBPUSD
  4. EURAUD
  5. EURNZD
  6. EURCAD
  7. EURGBP
  8. GBPAUD
  9. GBPNZD
  10. GBPCAD
  11. USDJPY
  12. AUDJPY
  13. EURJPY
  14. GBPJPY
  15. USDCAD

Whether to trade the CHF cross pairs is up to the trader's individual preference.

regards,

Have a Good Weekend.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,310
  • Sep 4, 2015 8:14pm Sep 4, 2015 8:14pm
Quoting Lupo.Nero
If i use H1 and H4 which types of other timeframes i must see?

when you gain more screen time experience looking just at one chart timeframe, you will no longer need to swicth chart timeframe to see what the other timeframe is doing. Exactly what Big E did. He did not have to switch chart TF, but he will look at big candles, small candles, swing highs, swing lows, previous reversal seen on the price chart and the TDI levels of the price reversals, etc. With his 6,000 hours experience, he could see a lot more than a new trader.

Attached Image (click to enlarge)
Click to Enlarge Name: Market Trends M15 H1 H4.png Size: 372 KB


What do you make out of the chart above?
Do you see there is a trend in every timeframe. So what is the major difference when we trade M15 or H1 or H4?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,311
  • Edited 9:24pm Sep 4, 2015 9:04pm | Edited 9:24pm
Quoting tibovwh
{quote} You're probably right LL, I have always been very focused on my layout which sometimes distracts me from making good decision. It's deffinatly something I need to be wary off so it's worth thinking about. Forgive me that i start a small discussion about this ! I have added an example of my chart how it looks at this moment. Keep in mind that I have decided to trade with a broker that offers this platform that I will use. I know this might not be ideal for posting charts. This also means that I can't just use the stuff in the thread's attachment...

Hi tibovwh,

You are in the same phase where I was in when I was trying out many technical indicator looking for the perfect combination. It was the COWABUNGA system which I traded for many years. Then I decided to make things simple, dropped the MACD, Stochastics, 5EMA and 20EMA. I kept the RSI made use of the Fozzy-RSi version which is the TDI. I kept faith in the use of 10/50/200EMA to see what the crowd are looking at in the market. I then added the use Heiken Ashi HA candles modified to be the same as the Synergy model Average Price Bar APB.
These are the two core technuical indicators we need in trading TMS 5-Method - the TDI and the APB.
The other indicators are to help me to see the 'big candles' and 'small candles' easier on my charts. No second guess if the candles are big or small, how big is big, how small is small, etc. are all subjective to one's eyes. There are proven methods using price bars or Japanese candlesticks, just use what others a have tested and works. We don't have to re-invent the wheel. Whether people like it or not, the big candles and small candles show market price expansion and contraction. By using some of the available price action resources available, it is easier to interpret what Big E' post#647.

These price action stuff are all posted in this thread. There are a lot more but to keep it simple and these will not conflict with the way we trade the 5-Method using the APB and the TDI (or Fozzy-RSI on other platform). We use only these price action stuff below and not get overwhelmed by a lot of other stuff.

Three powerful forex pattern pdf... Post#20,110
Hikkake: Post#16,419
Inside Bar : Post#42,301
Mother Bar : Post#55,045
Master Candle : Post#28,556 pdf in Post#25,594
Master Candle (3): Post#54,546
WRB introduction in the pdf TMS 5-Method Basic Rules: Post#53,842
Wide Range Bar study: Post#54,551
Candlestick Patterns PASR for trading TMS Post#23,202 Post#28,601
Candlestick Reversal Patterns Post#17,049
Candlestick Fibonacci and Chart Patterns Trading Tools Post#31,777 (by Robert Fischer)

Regarding the use of the H4 Hi-Lo lines, I introduced that in the M15 trading thread 2 years ago to help traders look at the H4 price action on M15 charts. I am predominantly D1 chart trader for many years going back to mid-1980's. I started trading the 4-hour timeframe in 2007 as 4H swing trading and this added more trade opportunities to my trading business plan.

Below is an example how the H4 Hi-Lo is be used.
In this M15 chart below, you see the direction with the H4 candles. You will also see how the NFP 'knee-jerk' reaction but the major direction does not change with NFP. This is one advantage in trading the higher TF H4 and above. News do not reverse the market. Only big market events and fundamentals do.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY use H4 Hi-Lo on M15.png Size: 71 KB


You can trade the H4 Inside Bars breakout using M15 to time your entries. This works great with the use of the 50/200EMAs, The Synergy_Pro_PAc is optional and is very useful as "learning wheels" for new traders. One can either use PAC or replace that a 10EMA. Both work the same.

I see you spend a lot of time on the technicals and please be careful that you are not overwhelmed by too much information. It can demoralize you and you may be discouraged and give up. Know when to take a break and relax. I have been there before and I never gave up. that's how I am where I am today after 25 years.

regards,

Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,312
  • Sep 4, 2015 11:15pm Sep 4, 2015 11:15pm
Quoting emmanuel7788
{quote} Hi tibovwh, You are in the same phase where I was in when I was trying out many technical indicator looking for the perfect combination. It was the COWABUNGA system which I traded for many years. Then I decided to make things simple, dropped the MACD, Stochastics, 5EMA and 20EMA. I kept the RSI made use of the Fozzy-RSi version which is the TDI. I kept faith in the use of 10/50/200EMA to see what the crowd are looking at in the market. I then added the use Heiken Ashi HA candles modified to be the same as the Synergy model Average Price...
Avoid the Cowabunga system, got it lol
  • #60,313
  • Sep 4, 2015 11:27pm Sep 4, 2015 11:27pm
Quoting AlansGS777
{quote} Avoid the Cowabunga system, got it lol
That system cost my $2,999 a bargain price back then in 2007 with 3 days workshop included, live trading sessions with the coach, trade signal service, etc.

now its free ...

http://www.forexstrategiesresources..../89-cowabunga/

nice process flow chart too included,
Attached Image (click to enlarge)
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we should do one for TMS 5-Method.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,314
  • Sep 4, 2015 11:33pm Sep 4, 2015 11:33pm
One common PM I get very often:

<quote>
...,
i'm a starter to forex not new but i been learning for 4 month now
what post should i start reading on trading made simple?
should i start from the first page?

<unquote>

my reply:
You can either start reading from Post#1 or follow this post Introduction to Trading Made Simple Post#57,854
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #60,315
  • Sep 5, 2015 12:37am Sep 5, 2015 12:37am
Attached Image (click to enlarge)
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  • #60,316
  • Sep 5, 2015 6:00am Sep 5, 2015 6:00am
Hi TMS traders

I managed to get in 2 trades this week.
Tuesday I took a chance and entered before FO closed as I had to leave for work, Entered because PA had rejected a previous weekly support area and closed above the PAC, set my TP = 50 (S&R area) which was hit quickly by the LO candle.
Thursday entered trade at the beginning of the FO candle, made the mistake of chasing a big candle and paid for it when it hit my SL.

Hope to get some trades in next week, good trading to all next week.
Attached Image (click to enlarge)
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  • #60,317
  • Sep 5, 2015 7:12am Sep 5, 2015 7:12am
any thoughts on gbpusd? purely from a price action point, might reverse next week
  • #60,318
  • Sep 5, 2015 7:27am Sep 5, 2015 7:27am
Quoting shay14
any thoughts on gbpusd? purely from a price action point, might reverse next week
Can you show us why you think it might reverse?
the cautious seldom err....C
  • #60,319
  • Sep 5, 2015 7:36am Sep 5, 2015 7:36am
Quoting pips29
{quote} Can you show us why you think it might reverse?
https://www.mql5.com/en/charts/39036...ading-point-of

price on this level, important level
  • #60,320
  • Sep 5, 2015 9:10am Sep 5, 2015 9:10am
Quoting shay14
{quote} https://www.mql5.com/en/charts/39036...ading-point-of price on this level, important level

Price needs to print Reversal. Levels can be break. We need to trade what we see. No reversal seen yet. Strong candle moving down.
Sad i'm not trying to understand PA
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