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Trading Made Simple

  • #63,281
  • Nov 15, 2015 11:26am Nov 15, 2015 11:26am
Quoting Sesamstrasse
{quote} You always nail it out .. without any "schnickschnack " Simple and effective market outlook what could happen the next week / expectations of the coming candles . Good job Guido
Thanks ,, it could be a good zone for buyers as it bounce off EMA 200 on daily too
I Have Learned to Take Some Losses to Make Profits
  • #63,282
  • Nov 15, 2015 11:27am Nov 15, 2015 11:27am
Quoting tibovwh
{quote} Looks good for a short term buy on 1H. Thursday candle closed with a long wick bouncing off 1.50 and forming MC of Friday's IB. MC High coincides with channel high. What is your longer term view? Friday (although an IB) it did close below an area of very small range consolidation and also the weekly closed bearish. So for 4H chart perhaps better to wait for more clues? Best,
Long term view, eyeing EMA 200 on daily, it could definitely test that EMA one more times on Mondays, if that holds then price could bounce next week
I Have Learned to Take Some Losses to Make Profits
  • #63,283
  • Nov 15, 2015 11:28am Nov 15, 2015 11:28am
This week I'm also paying close attention to JPY pairs to look for clues on future direction. I expect this week to be quite important. Weekly charts have been in consolidation for a bit.

USDJPY has recently seen increasing volatility and some momentum upwards to to USD strength.
EURJPY has obviously diverged due to monetary policy divergence and EURUSD direction.

If BoJ becomes more dovish expect USDJPY to continue towards 125. If BoJ is confident about the economy I expect EURJPY to sell off further. For GBPJPY and AUDJPY the picture is less clear but both are trading in weekly WRB near the highs.

So these pairs traded mainly based on their first leg and choppy overall...
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  • #63,284
  • Nov 15, 2015 11:51am Nov 15, 2015 11:51am
Quoting TheScorpS
EUR/AUD channel on H4 in a play ground, bullish divergence been forming , eyeing a breakout of the small trend line , if that happens, I might be looking to get on-board of that HL on LTF H1 at London Session And then following the ABCD pattern on H1, price already rejected with pullback candle , look the green arrows below that bar at 78.6 , good luck TMS for next week {image} {image}
Hey there, Scorps!

There is a very strong resistance in the way. PA respected it so many times in the past as support, and had difficulties breaking it. I, for one, would be cautious when PA gets there. It might not be the by the book CD leg, but a shorter one. I think a lot of power is needed to break through that resistance. At least that's how I see it. And we must keep in mind that we are still in a downtrend on D1 and W1. Probably MN too, I don't know, I did not check it.

I wish you many green pips next week, as I am sure you'll get them!
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  • #63,285
  • Nov 15, 2015 11:58am Nov 15, 2015 11:58am
Quoting snarlyjack3
Let's look at a chart/picture, the aud/usd, 1 hour. (I can't see the picture so this is off of my memory). Do you see the long term guppy's & dot's levels & apb's. The dot level is getting very close to the sell level. But the long term guppy's (trend) is right below it. I have a option I can sell into the guppy's or I can wait & see if it turns up. I would wait & see if it turns up. I really don't like trading into the long term guppy's. I would consider that a high risk trade. I like to put the odd's in my favor. So in this case I would not put...
Hey there, SJ!

When PA breaks through the long term guppies, do you wait for a twist of the guppies, also?
  • #63,286
  • Nov 15, 2015 1:29pm Nov 15, 2015 1:29pm
Hi,

Today when the market is closed, I did some back testing on xauusd on the D1 chart. I test 2 strategies (TMS (5 EMA + TDI) and Synergy (PAC + TDI).

We see some great oppertunities and great rewards, but we also see a consolidation of 3 months (especially in April). This results in some small losses and no wins. But maybe someone have some experience with trading is such sort of time and can advice me, how to trade in these months with consolidation.

Also have someone any tips to recognize consolidation?

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Thanks in advance,

Smika
  • #63,287
  • Nov 15, 2015 1:30pm Nov 15, 2015 1:30pm
Hi everyone just a quick question on the Dots v3.0, in the settings of the dots v3.0 I see the Broker London offset value is 2, if my platforms time zone is on 00GMT, must I change this value to 0?
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  • #63,288
  • Nov 15, 2015 2:35pm Nov 15, 2015 2:35pm
Quoting josh11
I was also around when eelfranz was alive and he would not be happy with all these added indicators on the charts... READ POST 1 and stick with it as he asked, he also said don't add anymore indicators!!! KEEP IT SAMPLE.... Anyone teaching anything different from post one pls open your own thread.... Newbies will get very confused and will lose what the creator of the thread wanted!
Hello, Josh!

No offense, but I am totally ok with being presented more methods to increase my chances in making more pips. Anyone can read all the posts of Big E, and trade accordingly, if they like. I, for one, tried to trade the exact same way as Big E did, and had no success. I need some tweaks. I am not looking for a quarrel, I am just expressing my point of view. I have faith in the guppies, and strongly believe they can make a difference and improve my trading. So SJ has my vote.

Josh, no hard feelings, I hope.
  • #63,289
  • Nov 15, 2015 4:38pm Nov 15, 2015 4:38pm
Hi there, I am trying to load the TDI indicator (from fxcodebase) on FXCM and keep getting these errors when trying to install:

Attached Image


please help?
  • #63,290
  • Nov 15, 2015 5:29pm Nov 15, 2015 5:29pm
Hi SJ, I have been studying this thread with great interest for weeks and appreciate the help you and others are providing. I have definitely reached the conscious incompetence stage and with the use of various methods learnt here am starting to get some success. The account has stopped going backwards anyway. In search of the system that works best for me I would like to try the DOTS system but my platform only seems to except mq4 files as aposed to the ex4 file provided. If you or anyone else could post it would be much appreciated. Look forward to your further teachings and will let you know my progress. The path of least resistance sound good to me. Thanks again from South Aust.
  • #63,291
  • Nov 15, 2015 6:41pm Nov 15, 2015 6:41pm
Quoting catalin_eros
{quote} Hey there, Pete! When you are prepared to go live, you should not have uncertainties. You should not have questions and doubts. You should feel confident, you should know exactly what you are doing. It seems to me that at this moment, you should be on demo. It's not the time to go live, because you may lose your hard earned money. Try it on demo first, and when you can trade TMS with your eyes closed and have a high winning ratio, only then you can go live. It's just my opinion. I hope you'll be making the right decision.
Thanks catalin_eros
Personally I go live with new system but my max. loss limit is $300 and trading with 0.01lot. More fun than Demo and if I lose more than $300 I would normally trade with nano lot.
Just IMHO, newbies should do demo not more than 1month. Nowaday we can trade nano lot and if we lose then thinking that we are paying for forex course & tution(so cheap). Once money is on the line for sure everything will come to consider entry,exit, trade & money managemen...etc....
But again people trade & think differrently.
Sorry for my English.

Cheers,
  • #63,292
  • Nov 15, 2015 7:07pm Nov 15, 2015 7:07pm
This thread is going off topic from what Big E wanted it to be.

Said that, can some one please explain to me what is 5 method. Also I need further explanation on 5 ema shift 3. What is that? I felt like Big E didn't explain that as much as I may have wanted him too.
  • #63,293
  • Nov 15, 2015 7:36pm Nov 15, 2015 7:36pm
Quoting Vpa021
This thread is going off topic from what Big E wanted it to be. Said that, can some one please explain to me what is 5 method. Also I need further explanation on 5 ema shift 3. What is that? I felt like Big E didn't explain that as much as I may have wanted him too.
Hello Vpa021,
5 method is using the 5ema as your setups for entry and exit, you can look at Big E post to understand it better, take a look at the attached PDF. The 5 EMA(exponential weighted moving average) is the yellow line in Big E chart, it's shift +3 which should be in the EMA setting, its just to move your EMA by 3 bar in front so you can see the angle better.

Good luck,
Meihk
Attached File(s)
File Type: pdf BigE-full.pdf   3.4 MB | 624 downloads
  • #63,294
  • Nov 15, 2015 8:38pm Nov 15, 2015 8:38pm
Quoting Meihk
{quote} Hello Vpa021, 5 method is using the 5ema as your setups for entry and exit, you can look at Big E post to understand it better, take a look at the attached PDF. The 5 EMA(exponential weighted moving average) is the yellow line in Big E chart, it's shift +3 which should be in the EMA setting, its just to move your EMA by 3 bar in front so you can see the angle better. Good luck, Meihk {image}
read the entire pdf. what angle should I be looking for?
  • #63,295
  • Nov 15, 2015 8:55pm Nov 15, 2015 8:55pm
Quoting Vpa021
{quote} read the entire pdf. what angle should I be looking for?

that depends on which version of the TDI you are using.

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the angle is what i see on the clock face - 12 to 2 o'clock and 4 to 6 o'clock.

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if I tell you 5:30pm is better that 4:30pm on the hour hand, will that be good?

Or when I tell you BEEB price acton setup at confluence of 200EMA and BRN, will this help you better?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,296
  • Nov 15, 2015 9:00pm Nov 15, 2015 9:00pm
I am in vacation so I depend on my TMS Monitor to send me emails of the potential H4 and D1 setup alerts. I only login into to trading VPS when I get alerts for my 4H Swing and D1 Position trading.

But, on Mondays as usual I get only false alerts like today Tokyo open.

Attached Image (click to enlarge)
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These false alerts are good trading opportunities for today too. So do not ignore them.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,297
  • Nov 15, 2015 9:16pm Nov 15, 2015 9:16pm
Quoting catalin_eros
{quote} Hello, Josh! No offense, but I am totally ok with being presented more methods to increase my chances in making more pips. Anyone can read all the posts of Big E, and trade accordingly, if they like. I, for one, tried to trade the exact same way as Big E did, and had no success. I need some tweaks. I am not looking for a quarrel, I am just expressing my point of view. I have faith in the guppies, and strongly believe they can make a difference and improve my trading. So SJ has my vote. Josh, no hard feelings, I hope.

Hi Catalin,

You are absolutely correct. I tried trading the way big E wrote in Post#1. That did not work for me too. Many other traders tried too, they could not achieve the results they wanted. We all went and look for training wheels. We found the "training wheels"

To trade like Big E, you can only go as far as he went. He had 80% win rate and he had 20% losers.

A few active TMS traders got together, we worked on his 80% winner and his 20% losers. We learned many things about the way he traded the H4 as in Post#1.

Just my assumption. If Big E is alive today, he would be very proud that his 5-Method got better than him

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,298
  • Nov 15, 2015 9:23pm Nov 15, 2015 9:23pm
Quoting emmanuel7788
{quote} that depends on which version of the TDI you are using. {image} the angle is what i see on the clock face - 12 to 2 o'clock and 4 to 6 o'clock. {image} {image} if I tell you 5:30pm is better that 4:30pm on the hour hand, will that be good? Or when I tell you BEEB price acton setup at confluence of 200EMA and BRN, will this help you better?
What does BRN stands for? Do i need those indicators (where you have BRN circled)?

Also emmanuel, can you please help me with a broker? It seems difficult find a broker as i live in the states.
  • #63,299
  • Nov 15, 2015 9:27pm Nov 15, 2015 9:27pm
Quoting Vpa021
{quote} What does BRN stands for? Do i need those indicators (where you have BRN circled)? Also emmanuel, can you please help me with a broker? It seems difficult find a broker as i live in the states.
Big round numbers
  • #63,300
  • Nov 15, 2015 9:34pm Nov 15, 2015 9:34pm
Quoting Vpa021
{quote} What does BRN stands for? Do i need those indicators (where you have BRN circled)? Also emmanuel, can you please help me with a broker? It seems difficult find a broker as i live in the states.
Quoting Ss45
{quote} Big round numbers
very good Ss45...

@VPa021,

Be warned! Big E did not use the BN levels indicator. But he looked at the 00,20,50,80 price levels as his round numbers.

Indicators
BN Levels : Post#22,389 (also read post#49,341)

One small piece of advice: Do Not trade short term H1 until you have mastered the 5-Method on H4 or D1 chart timeframe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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