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Trading Made Simple

  • #63,121
  • Nov 12, 2015 7:52pm Nov 12, 2015 7:52pm
Quoting Downunder
{quote} Interesting observation, my pennies worth.. I notice levels to be aware of on the Daily 1.5200 & 1.5250, so buying onto and into these resistance levels I would stay away from and as an intraday trader I dont normally not trade from daily charts. The TDI has not yet crossed on my Daily chart. For the 4hr, a nice momentum candle driven through the 1.52 support level which now may act as resistance, I will stay on the side lines and watch this next candle see if momentum continues. Be interesting to hear what Emmanuel has to say.. Cheers...

Hey,

sorry missed this post while I slept...

see today's post on GU.

Chhers!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,122
  • Nov 12, 2015 7:58pm Nov 12, 2015 7:58pm
Hi Emmanuel,

It's 6:45p.m. here & I just finished dinner.

Thank you for the reading pdf's.

The point I was trying to make was if your taking
the green/red cross of the tdi, it really doesn't
matter what ema, pac or no ema you use.

Remember that Eelfranz went from 5 ema shift 3, to
only using the ema as a visual guide. Or no ema.

I only use the Adr as a target...same with the sdc is
just a target.

Eelfranz used the hooking of the tdi as his exit.

I'm not sure which is better the hooking of the tdi or
a level target. It probably really doesn't matter.
What we all believe in is clean/simple charts & reading
price action with the apb's.

In case I don't get to talk with you...Have a great vacation &
enjoy yourself! Post pictures of the "Down Under Land"!

sj
  • #63,123
  • Nov 12, 2015 8:12pm Nov 12, 2015 8:12pm
Quoting snarlyjack3
Hi Emmanuel, It's 6:45p.m. here & I just finished dinner. Thank you for the reading pdf's. The point I was trying to make was if your taking the green/red cross of the tdi, it really doesn't matter what ema, pac or no ema you use. Remember that Eelfranz went from 5 ema shift 3, to only using the ema as a visual guide. Or no ema. I only use the Adr as a target...same with the sdc is just a target. Eelfranz used the hooking of the tdi as his exit. I'm not sure which is better the hooking of the tdi or a level target. It probably really doesn't matter....

Hi SJ,

Thanks, I will definitely take lots of photos my other hobby with digital technology.

I fully agree with you and I trust your experience of trading TMS for more years than I.
I knew at some point in time, Eric dropped the 5EMA for the setup candle.
You are absolutely correct to say that the PA and use of the APB is good enough for us to trade in simple way.
The ADR is important because that is the market volatility and DM uses that in many aspects of his synergy trading model. That work great. I watch his videos every week - both the older ones and also his new videos whenever he posts them.

I think every trader need to experience all these on their own and find their own way.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,124
  • Nov 13, 2015 1:55am Nov 13, 2015 1:55am
Quoting snarlyjack3
{quote} I'm still in that trade & letting it thrash around. Put your stop loss at the bottom of the apb. You have to give your trade room to "breathe"... (Like a heart beat...pumping in & out) sj
yeah , i think so
next time will try put my sl bigger (although i hope i dont want to put my sl above 50 pip)

Quoting catalin_eros
{quote} Look at the red line, and you will understand. HINT: It was not broken when you entered. So you should have waited: TL under the ABP, and R zone above APB. Where will it break? Be patient with this pair and pick another. {image}
wouldnt enter if i knew what u know ( not good with trend line although i ady read & study it many times )
Take What You Can , Give Nothing Back
  • #63,125
  • Nov 13, 2015 3:23am Nov 13, 2015 3:23am
Quoting Donquixote
{quote} wouldnt enter if i knew what u know ( not good with trend line although i ady read & study it many times )
Trust me, I don't know lots of things. I still have sooooo much to learn. But that trendline was very obvious. You should have seen it. Just train your eyes. Take a chart and scroll back and look for trendlines. You will find many, across all timeframes..Spotting them will be easy. And when you find a trendline in the future, keep your eyes pealed for a bounce or a break. Just as S/R levels. The difference is the S/R levels are horizontal, and the TLs are not.
  • #63,126
  • Nov 13, 2015 3:34am Nov 13, 2015 3:34am
To clarify one PM question I got today on the WRB, BEOB/BUOB and BEEB/BUEB.
Note that all these bar Patterns are using the real price bar and not the APB.
Also the Master Candle[3] and Inside Bar also uses the price bar not the APB.
This is why I show my charts using the Bar Chart type in the foreground over the APB candles.
There are many different Price Bar patterns so we keep it simple here and use only these few which appears most often.
You don't need to learn all the price bar patterns you read in text books. Just too many and they will overwhelm us.
What is important is to know the TMS 5-Method setup APB candle is and look to the left of your trading chart and see where the recent swing high / swing low are and use them as your support and resistance. Use the price round numbers 00 and 50.

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the above screen shots taken from Strat thread.
http://www.forexfactory.com/showthread.php?t=155459
go to his website and follow The Path.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,127
  • Nov 13, 2015 4:06am Nov 13, 2015 4:06am
Dear Arso, nice meeting you too!

When I read what I wrote yesterday, I must say it could give the wrong impression of me, I am succesful in the way that I have started to succeed!
We are in the same boat! I have been so much in doubt and feel like the most thickheaded boy in the class. But as I last year became a breakeven trader, somebody told me, that this is exactly where most people quit because they are exhausted and simply can't take it anymore.

I haven't quit, but I have found it difficult to decide: This is my plan and I am not going to deviate from it!
And to trust the plan, that I really have an edge.
I also find it terribly difficult to trust myself! That I'll not break my own rules, which I have done so many times before...

My succes lies in, that now (recently) I have understood (Really understood! Ofcourse have read it a thousand times before..), that:
- It doesn't matter which exact strategy I have, and which indicators I use
- But.. I have to follow the strategy and not change it all the time.
- And.. the strategy has to be so simple, just a few parameters:
PA - S/R and quality TDI cross/bounce
Ofcourse it is nice to see confluence with 38-50-62 fib pullback.

SJ nailed it by describing his way in very few lines -

The 20MA I use could also be another, but when price trends, the retracements tend to go at or near the 20 and then turn in direction of the trend. If price goes way beyond the 20 it is often the beginning of a ranging phase.

When trading with TMS I have had succes with entries on smaller timeframes:
If my trading tf is H4, a bar or two before the TDI signal I start looking for good pullbacks to areas of interest on M5-M15. A good pullback will take the stoch in ob/os area (I do not use stoch). There I wait for the pinbar or engulfing bar for entry.
Then shortly after, hopefully, price will be catapulted in the right direction, out of the danger zone, completing the TDI signal.

That means, when the signal completes I am already in green.

Often a pullback with another potential low risk entry with will come a bar or two after the tdi signal, which per nature completes through a hard push up or down.

Stops can be 10-15 pips on the small tf, but the position is a H4. When price is out of danger zone stop can be moved to BE, and from then the position is exclusively managed on H4.
When entering on small tf with small sl, it can take several attempts and a few losses to establish a position, it is definitely more work.
Sorry for long writing

This part of the thread is very very good, I learn a lot from all of you.
  • #63,128
  • Nov 13, 2015 4:07am Nov 13, 2015 4:07am
my first trade ,taken on H4
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the cautious seldom err....C
  • #63,129
  • Nov 13, 2015 5:09am Nov 13, 2015 5:09am
Quoting pips29
my first trade ,taken on H4 {image}
It is better to get out immediately buddy .... or tighten ur SL ....
check 1H candles ... BUOB bar and present candle just broke H of P C ...
This W C is goin2 close above O .....
My 2 cents ..........
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  • #63,130
  • Nov 13, 2015 5:29am Nov 13, 2015 5:29am
Good morning everyone!
(It's 4:15a.m. Montana time...6:15a.m. N/Y time).

Winter is coming in Montana. Fall is drawing to a end.
Most of my hardcore trading is done in the winter...summer is play time.

Emmanuel is starting to take his summer vacations.
He lives in the land Down under...summer time!

I don't mind teaching you what I know...
But I have to do it how I trade. I trade the Tms way
but I like to frame my charts. It helps me see the big-picture
of the waves. I also trade a lot of price action.

So price action & green red crosses using Tms. Is how I trade.
I've been trading live for 8 years & I make my income trading.
With trading because the markets are always changing...it is
best to be flexible & open to the possibilities. I trade the daily
chart, 4 hour & 1 hour charts.

If were in agreement while Emmanuel is on vacation...I'll teach
you what I know. Are you ready to proceed upward & onward?
sj
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  • #63,131
  • Nov 13, 2015 5:32am Nov 13, 2015 5:32am
Quoting snarlyjack3
Good morning everyone! (It's 4:15a.m. Montana time...6:15a.m. N/Y time). Winter is coming in Montana. Fall is drawing to a end. Most of my hardcore trading is done in the winter...summer is play time. Emmanuel is starting to take his summer vacations. He lives in the land Down under...summer time! I don't mind teaching you what I know... But I have to do it how I trade. I trade the Tms way but I like to frame my charts. It helps me see the big-picture of the waves. I also trade a lot of price action. So price action & green red crosses using Tms....
SJ,
I'm in for upward .... W C is closing above O ... Y D C was BUOB ...
D TDI is heading up from 32 level ... Licking my lips ............. YUM ........
  • #63,132
  • Nov 13, 2015 5:34am Nov 13, 2015 5:34am
Quoting snarlyjack3
Good morning everyone! (It's 4:15a.m. Montana time...6:15a.m. N/Y time). Winter is coming in Montana. Fall is drawing to a end. Most of my hardcore trading is done in the winter...summer is play time. Emmanuel is starting to take his summer vacations. He lives in the land Down under...summer time! I don't mind teaching you what I know... But I have to do it how I trade. I trade the Tms way but I like to frame my charts. It helps me see the big-picture of the waves. I also trade a lot of price action. So price action & green red crosses using Tms....
Snarlyjack,

1st one to sign up for the winter bootcamp.
When do we start?

thanks
leeeta
  • #63,133
  • Nov 13, 2015 5:35am Nov 13, 2015 5:35am
You should also know that I trade mostly
the US Dollar pairs.

I trade the eur/usd, gbp/usd, aud/usd, nzd/usd, usd/jpy.
I try to specialize in these 5 pairs.
The other pairs...I really don't watch that much...
sj
  • #63,134
  • Nov 13, 2015 5:38am Nov 13, 2015 5:38am
Quoting snarlyjack3
Good morning everyone! (It's 4:15a.m. Montana time...6:15a.m. N/Y time). Winter is coming in Montana. Fall is drawing to a end. Most of my hardcore trading is done in the winter...summer is play time. Emmanuel is starting to take his summer vacations. He lives in the land Down under...summer time! I don't mind teaching you what I know... But I have to do it how I trade. I trade the Tms way but I like to frame my charts. It helps me see the big-picture of the waves. I also trade a lot of price action. So price action & green red crosses using Tms....
Good morning, SJ!

I was born ready.
  • #63,135
  • Nov 13, 2015 5:44am Nov 13, 2015 5:44am
Quoting adikashyap
{quote} SJ, I'm in for upward .... W C is closing above O ... Y D C was BUOB ... D TDI is heading up from 32 level ... Licking my lips ............. YUM ........
Beautiful display!
  • #63,136
  • Nov 13, 2015 5:53am Nov 13, 2015 5:53am
Ok...Here we go!

Eelfranz was a great trader!
Emmanuel is a great trader!
Plus others using the Tms system are great traders.
Now we all kinda trade the same, but we have personalized
our trading to fit us. Everyone does this...you have to use
what works for you.

For example: Eelfranz did not use s/r levels. He would always say
"look left" & visually draw your s/r lines.

I like drawing in the s/r lines. But drawing in the lines all the time
is a hassle. So...I prefer the sdc channel lines. They are the same
as s/r lines or targets. Other than that...everything else is the same!
sj
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  • #63,137
  • Nov 13, 2015 5:55am Nov 13, 2015 5:55am
This is E/U on 1H
can i buy it coz green crosigs red and APB close above PAC but if iam not mistaken big E said we must entry on first or two candle ?
please correct me if iam wrong
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  • #63,138
  • Nov 13, 2015 6:04am Nov 13, 2015 6:04am
Quoting Goodolday
This is E/U on 1H can i buy it coz green crosigs red and APB close above PAC but if iam not mistaken big E said we must entry on first or two candle ? please correct me if iam wrong {image}
By the rules book, by HTF indications, you can go long ...
But, I would not as it is Friday and I do not want my margin to get struck over weekend ....
  • #63,139
  • Nov 13, 2015 6:04am Nov 13, 2015 6:04am
Quoting Goodolday
This is E/U on 1H can i buy it coz green crosigs red and APB close above PAC but if iam not mistaken big E said we must entry on first or two candle ? please correct me if iam wrong {image}
Goodolday,

Yes...The trade has met all of Tms rules.
Your s/r dots (asr) is your target.
sj
  • #63,140
  • Nov 13, 2015 6:10am Nov 13, 2015 6:10am
Quoting snarlyjack3
{quote} Goodolday, Yes...The trade has met all of Tms rules. Your s/r dots (asr) is your target. sj
so it's ok if i go long whether my long is on candle 3
iam sorry iam lil bit confused between the old theory like big E said "entry on first or two candle reversal" cause if iam not mistaken the new one said its ok if iam entry on candle three?

ur answer is highly appreciated master

Thanks
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