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Trading Made Simple

  • #63,321
  • Nov 16, 2015 5:08am Nov 16, 2015 5:08am
Quoting okoso
{quote} Hi Emmanuel, Thank you for encouraging us. Have a safe trip to your next destination. Have a good holiday. okoso

Thank you okoso.
You are good person with good heart.

Bless you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,322
  • Nov 16, 2015 5:08am Nov 16, 2015 5:08am
Good start of the week. Should be happy considering it's a monday.

I had GBPNZD and NZDUSD on my plan for the week. Weekly charts looked pretty good for continuation after a consolidation last week. I saw 1H crosses and decided to take both.

Within 10 minutes trade shot in the right direction. During the trade emotions started kicking in. I wanted to bank profits and scalp more than I usually do. But greed kicked in and also considering we were wide open on HTF charts I started contemplating managing for longer. During the candle we retested the respective BRN's 0.65 and 2.34 but we finished on the candle highs.

On the candle close I did close however. After these WRB's and considering a Monday I thought it might consolidate so booked profits on both. I am looking further tho and remain Long bias GBPNZD and Short bias NZDUSD. Look at Weekly and Daily charts!

Best,
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  • #63,323
  • Nov 16, 2015 5:11am Nov 16, 2015 5:11am
Quoting kumetto
GN +85 {image}

Very good trade following the Day candle.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,324
  • Nov 16, 2015 5:12am Nov 16, 2015 5:12am
Quoting Scrambleguy
{quote} Thanks for the help Lookleft! I have them up but i dont think im there yet! when you add the apb bars they just overlap the japanese candles already ther, is that right? or do you delete the japanese candles somehow?
Hold down the Alt key and click the 1 key. That will change the main chart to Bars instead of Candles
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,325
  • Nov 16, 2015 5:14am Nov 16, 2015 5:14am
Quoting josh11
{quote} Hi mate, no hard feeling at all! You said you tried to trade just like big E and had no success, can I ask for how long did you try? GL
Hi, Josh!

You have a good point. I know I did not do it long enough. But somehow I found it more appealing to change some things when I saw that I was constantly loosing using the exact method that Big E used, and I knew I had to either quit TMS, or try to tweak it. So I went for the latter. I am not saying it is not working. I am saying I made mistakes that I could not identify, and I was loosing.

It is a little better now, but it is a lot more room for better than that. I'm here to learn, and in the end I'll stick to what will work best for me. We'll see how it goes. If you have any advice, feel free to share it, for it will be gladly received, not just by me, but as well by many others who try to make TMS work for them too.

I hope your start of the week was a good one.
  • #63,326
  • Nov 16, 2015 5:18am Nov 16, 2015 5:18am
Quoting tibovwh
Good start of the week. Should be happy considering it's a monday. I had GBPNZD and NZDUSD on my plan for the week. Weekly charts looked pretty good for continuation after a consolidation last week. I saw 1H crosses and decided to take both. Within 10 minutes trade shot in the right direction. During the trade emotions started kicking in. I wanted to bank profits and scalp more than I usually do. But greed kicked in and also considering we were wide open on HTF charts I started contemplating managing for longer. During the candle we retested the...
Nicely done, buddy!
  • #63,327
  • Nov 16, 2015 5:22am Nov 16, 2015 5:22am
Quoting Lookleft
{quote} Hold down the Alt key and click the 1 key. That will change the main chart to Bars instead of Candles
Thank you! Is that how you are supposed to have the apb bars overlaying the bars?
  • #63,328
  • Nov 16, 2015 5:25am Nov 16, 2015 5:25am
Quoting Goodolday
USD/JPY 4hr charts price above that EMA 200 magenta line so what i need is BUY only i press the buy button when green crossing red on that second candle look at previous candle,it was BUEB isn"t it? my target is dots above overthere,my SL is down there near the dots GPY/JPY 4hr charts Price above EMA 200 green crossing red on 2nd candle target and sl is dots above and under please send me ur comment sorry for bad english iam from indonesi btw Thanks {image} {image}
I think JPY crosses 4H charts look good for some ME position building. Probably we can expect some retracement so don't put all your eggs in one position just yet!

Trade well,
  • #63,329
  • Nov 16, 2015 5:26am Nov 16, 2015 5:26am
Quoting Scrambleguy
{quote} Thank you! Is that how you are supposed to have the apb bars overlaying the bars?
You can also choose 'foreground' or 'background' in the chart properties I think. Maybe this is what you are looking for?

Best,
  • #63,330
  • Nov 16, 2015 5:27am Nov 16, 2015 5:27am
Quoting dewdrops
{quote} Thanks for asking Emm. Unfortunately my Hard disk crashed and took a while to recover. Just catching up with all the tread posts.

Hi DD,

Watch this pair carefully this week It will respond to world events. Look at Gold XAUUSD, it open with huge gap taking out many of the previous Day high. I am so happy that I got out of all my positions last week.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,331
  • Nov 16, 2015 5:35am Nov 16, 2015 5:35am
Quoting catalin_eros
{quote} Hi, Josh! You have a good point. I know I did not do it long enough. But somehow I found it more appealing to change some things when I saw that I was constantly loosing using the exact method that Big E used, and I knew I had to either quit TMS, or try to tweak it. So I went for the latter. I am not saying it is not working. I am saying I made mistakes that I could not identify, and I was loosing. It is a little better now, but it is a lot more room for better than that. I'm here to learn, and in the end I'll stick to what will...
A lot of people do the same and get caught up going around is circles, keep trying to change or tweek thing in there trading jumping from system to system and end up with gaining not very much! When most cases its actually the individual that need to make the change, I did it myself and have learnt from it....

What do you think is the big difference between a consistent traders to an amateurs?

Hint: it around 10,000 hrs

Best of luck
  • #63,332
  • Nov 16, 2015 5:41am Nov 16, 2015 5:41am
Quoting okoso
Hidden
Hi okoso,

From my 25 yeast trading experience, TMS is the best trend trading method. Why? TMS trading is based on trading the price momentum which the TDI shows us. The TDI is something very simple, it is multiple moving averages on the the RSI data. I traded with another system COWABUNGA which uses the MACD, Stochastics and the RSI. The trade setup signals are based on when these three indicator are in CONFLUENCE. I trade the Day chart TF for many years, and using COAWBUNGA, the number of trades are few. But after I dropped the MACD and the Stochastics, I get more trades just using the RSI as the confirmation of the Price Action.

Long before the TDI it was known as Fozzy-RSI trading method. We don't really need the TDI indicator. We can create the "TDI" in all trading platforms using the standard available RSI by adding moving averages to it. In dopin this, we get the "TDI" working in live market realtime, no repaining issue, etc.

Here is FF, are also Fozzy-RSI traders. Vantage is one of the most consistent and the best one I have known I here in FF.

How to create the TDI using the RSI available in other platform: Post#15,546
Fozzy RSI Method Post#59,617

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,333
  • Nov 16, 2015 5:48am Nov 16, 2015 5:48am
Do you need to spend 10,000 hours to learn to trade and to trade TMS.

Read this post

10,000 hours Rule : Post#55,932
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,334
  • Nov 16, 2015 5:50am Nov 16, 2015 5:50am
Hi guys, Im having a go with this famous thread. Any comments on my set up welcome.. wish me luck okay

happy pipping
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  • #63,335
  • Nov 16, 2015 6:03am Nov 16, 2015 6:03am
Quoting BataviaTrade
Hi guys, Im having a go with this famous thread. Any comments on my set up welcome.. wish me luck okay happy pipping {image}

Hi BT,

I think you have answered these checklist questions: by Big E's Post#647.

<<<<<>>>>>

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

<<<>>>>>>>>>>>>>>>

You have the divergence drawn on your chart. Big E never traded with divergence because he wanted to keep his trading simple.

But when we know how to use the TDI( RSI) and price action divergence correctly, it can give us more confidence in selecting the higher probability A+++ setups.
Please know that A+++ setups do has its percentage of failures and that is why Big E has 80% winners and 20% losers.

To know more about Divergence, read these posts.

RSI: The Complete Guide Post#27,110 by John Hayden
The Truth about Divergence ... read Chapter 4 Page 65
Trend Determination using the RSI (TDI) Post#26,774

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,336
  • Nov 16, 2015 6:18am Nov 16, 2015 6:18am
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}

Early monday was choppy. Did you follow up on last 1H candle ?

Thursdays AB leg initiated in NY session. I don't know if this is of importance but I thought it looked pretty good.
  • #63,337
  • Nov 16, 2015 8:37am Nov 16, 2015 8:37am
Quoting tibovwh
{quote} Early monday was choppy. Did you follow up on last 1H candle ? Thursdays AB leg initiated in NY session. I don't know if this is of importance but I thought it looked pretty good.
After LO what seems to have set the low of the day with triple bottom and PCRF on H1, waited APB candle turns to blue on H1, took entry on the new H1 bar, target reached + 50 pips
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I Have Learned to Take Some Losses to Make Profits
  • #63,338
  • Nov 16, 2015 8:46am Nov 16, 2015 8:46am
SnarlyJack's member status has been changed both in old and new IDs... Too bad. Can we see him again in this thread? A big loss...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #63,339
  • Nov 16, 2015 8:58am Nov 16, 2015 8:58am
When trading on the 4hr chart, what is a good stop loss to set?
thanks
  • #63,340
  • Nov 16, 2015 9:05am Nov 16, 2015 9:05am
Quoting heispark
SnarlyJack's member status has been changed both in old and new IDs... Too bad. Can we see him again in this thread? A big loss...
Hope the issues get solved soon, good luck for SJ
I Have Learned to Take Some Losses to Make Profits
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