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Trading Made Simple

  • #63,401
  • Nov 18, 2015 4:47am Nov 18, 2015 4:47am
Quoting Lookleft
{quote} Nice piece of modern art. I bet it is titled 'In Search Of The Holy Grail' I would suggest you post on the thread you found it on for more info. Or download the 2 or 3 indicators you need for the TMS method and start learning from this thread.
Modern Art? You are too diplomatic I guess ...
I thought it is Spider Man 6 ...........
  • #63,402
  • Nov 18, 2015 4:49am Nov 18, 2015 4:49am
Quoting Scrambleguy
Can anyone tell me on the dots v3 Sj hosted how to set the broker open for me to trade my session ( London ) and my afternoon which would be the New york session? i am a bit confused if this needs changing at different times, Thanks!
Yes see image below, that should sort you out
Attached Image
  • #63,403
  • Nov 18, 2015 5:01am Nov 18, 2015 5:01am
Quoting stefan17
{quote} Yes see image below, that should sort you out {image}
Thanks Stefan! does that mean I need to change it to a "7" for the New York open and change again to "5" at my open each day?
  • #63,404
  • Nov 18, 2015 5:04am Nov 18, 2015 5:04am
Quoting stefan17
{quote} Yes see image below, that should sort you out {image}
I would apreciate it if you guys open a thread to discuss the method.


Its a daily open breakourt system( DOTS = DAILY OPEN TRADING SYSTEM ) ,
what is as a additional information nicely .. but in the end it has nothing to do with TMS .

Don t get me wrong . I think its intresting.. but in a seperate thread .

Thx Guido
Risiko birgt immer auch die Chance.
  • #63,405
  • Nov 18, 2015 5:05am Nov 18, 2015 5:05am
Did you missed the "Golden Cross"?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD TDI Golden Cross.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,407
  • Nov 18, 2015 5:42am Nov 18, 2015 5:42am
Quoting emmanuel7788
Did you missed the "Golden Cross"? {image}
Hi Emmanuel, As a new trader can you please give me your thoughts using TMS against the trend and divergence, I am a little sketchy on this, it seems Big E was taking some trades against the trend sometimes with possible divergence unless i have that wrong?
  • #63,408
  • Nov 18, 2015 5:47am Nov 18, 2015 5:47am
Quoting Scrambleguy
{quote} Hi Emmanuel, As a new trader can you please give me your thoughts using TMS against the trend and divergence, I am a little sketchy on this, it seems Big E was taking some trades against the trend sometimes with possible divergence unless i have that wrong?
CT trades are always dangerous ...
I do trade CT trades, but by reducing both my lot size and target by more than 50% of trend trades ...
Divergences are tricky ... Do bear in mind couple of things about divergences ... A divergence in HTF should be traded ONLY in LTF ... A divergence should be either at OS or OB regions to be qualified as divergence ... A divergence again is a point / parameter ... All divergences do not work out ... We have to have other PA related entry rules to get with divergence ...
My 2 cents ......
  • #63,409
  • Nov 18, 2015 5:55am Nov 18, 2015 5:55am
Quoting Scrambleguy
{quote} Hi Emmanuel, As a new trader can you please give me your thoughts using TMS against the trend and divergence, I am a little sketchy on this, it seems Big E was taking some trades against the trend sometimes with possible divergence unless i have that wrong?

Hi,

please tell me which timeframe you want to trade? and do you have any specific trading hours during the day and any particular market session.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,410
  • Nov 18, 2015 6:04am Nov 18, 2015 6:04am
Quoting adikashyap
{quote} CT trades are always dangerous ... I do trade CT trades, but by reducing both my lot size and target by more than 50% of trend trades ... Divergences are tricky ... Do bear in mind couple of things about divergences ... A divergence in HTF should be traded ONLY in LTF ... A divergence should be either at OS or OB regions to be qualified as divergence ... A divergence again is a point / parameter ... All divergences do not work out ... We have to have other PA related entry rules to get with divergence ... My 2 cents ......
Check EU ... Had Bullish Divergence on both 4H and 1H ...
Either you could have traded 4H Div on 1H or 1H Div on 15M ...
You cant not trade 4H Div on 4H ...
hope it helps ......
  • #63,411
  • Nov 18, 2015 6:08am Nov 18, 2015 6:08am
Quoting Scrambleguy
{quote} Thanks Stefan! does that mean I need to change it to a "7" for the New York open and change again to "5" at my open each day?
yes or you can save, a template for both and just load the template at the beginning of each session
  • #63,412
  • Nov 18, 2015 6:32am Nov 18, 2015 6:32am
Quoting emmanuel7788
{quote} Well, I am in vacation but my trading goes on running in my VPS. I just need to initiate my first trade, then ME/ME trade manager takes care of the position building and exiting my trades when the market reaches my preset TP levels and will also open a new basket if I preset that. Otherwise, it stops trading. When my TMS Monitor send me email alert of potential trades in H4 and D1, I just login to my VPS wherever I am and can find an internet connection. USDCAD is bullish and I have a few trades running. Just close some ME/ME trades this...
Hi Emmanuel, hope you're enjoying your holiday! I have been eyeballing the different currencies for a setup and I have not seen any good setup last week and this week. Can you share this TMS Monitor? Will definitely help to reduce the strain on my eyes
  • #63,413
  • Nov 18, 2015 6:39am Nov 18, 2015 6:39am
Quoting Fbps
{quote} Hi Emmanuel, hope you're enjoying your holiday! I have been eyeballing the different currencies for a setup and I have not seen any good setup last week and this week. Can you share this TMS Monitor? Will definitely help to reduce the strain on my eyes

here:

http://www.forexfactory.com/showthread.php?t=303347
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,414
  • Nov 18, 2015 6:43am Nov 18, 2015 6:43am
hi emmanuel what were the rules of using the 10 ema was it to look at daily and if above 10 ema then take long trades on 1 he and vice Versa
  • #63,415
  • Nov 18, 2015 6:54am Nov 18, 2015 6:54am
Quoting emmanuel7788
{quote} here: http://www.forexfactory.com/showthread.php?t=303347
Thanks a million for your generosity in sharing...
  • #63,416
  • Nov 18, 2015 6:55am Nov 18, 2015 6:55am
Quoting trade786
hi emmanuel what were the rules of using the 10 ema was it to look at daily and if above 10 ema then take long trades on 1 he and vice Versa
here is s very good post:

The power of 10EMA Post#8,528 by FF member named tango-1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,417
  • Nov 18, 2015 6:57am Nov 18, 2015 6:57am
Quoting emmanuel7788
{quote} Hi, please tell me which timeframe you want to trade? and do you have any specific trading hours during the day and any particular market session. regards,
Hi, I.would like to trade 1h, 4h and poss daily. I haven't nailed that down yet being newish
  • #63,418
  • Nov 18, 2015 7:16am Nov 18, 2015 7:16am
Quoting tibovwh
{quote} Enjoy your time off! I did not realize that you used an EA actually to do this sort of position building. So there is clear rules defined? Or do you take small lots on 15M or 1H when you are actually around to trade? Could you talk a bit about these rules? This is grid like limit buying/selling? with 2 weeks look back S/L? Best,

Hi tibovwh,

Thanks.
I am having very good time living a fulfilled life enjoying two vacations a year. This is what financial freedom is about and which many are envy of.

Back to your question, I posted something before.
Read this post: http://www.forexfactory.com/showthre...93#post8581693

Below is another ME/ME basket of trades closed today with +695pips total.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week 47 trades closed.png Size: 39 KB


Note that I trade with standard lots and therefore I do not open too many trades in the same candle at too close distance. If I trade micro lots or nano lots, I can simply blast lots of open trades in the same candle and a small distances. This may look great when the closed trades will give thousands of pips with micro/nano lots.
My current trade manager EA had different option sfor opening add-on trades.
One is to use the TDI cross in the lower TF like M15 or H1 to open new trades. This what I mean sell the rally, i.e. when price rally, I look for the TDI to cross from down from above but only after certain pips distance from the last open trade. The reverse logic when buying the dips, add trades after the TDI cross up in lower TF M15/H1. Simple logic which I program into the trade manager EA.
The other option is to use fix pips distance (like a grid) from the last open trade. Using fraction of the ADR(100 days) is easy to program in the EA as option. But doing this may result in too many trades in one candle hence the right position sizing has to be considered.

Both these options requires money management to calculate the trade position size.

Hope this is clear.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,419
  • Edited 8:32am Nov 18, 2015 8:19am | Edited 8:32am
Quoting trade786
hi emmanuel what were the rules of using the 10 ema was it to look at daily and if above 10 ema then take long trades on 1 he and vice Versa
That is JUST 1 WAY OF LOOKING ... Going long or short if D is above / below 10 EMA ...
But, what was D candle about? Doji ... Hammer / Inverted hammer / BUOB ... BEOB ... what?
Plz understand all EMA's ... are all JUST meant to decipher and understand those points / values that Price was / is interested in ...
Understand the Price 1st ... 2nd ... 3rd ... and LAST as well ...
Each candle ... on any TF .. has its own merits ...
Observe and respect OHLC ....
If O and C show direction ... L and H shows the momentum / volume / liquidity ....
This understanding of OHLC of each candle ... Of each Swing ... is PA analysis ..............
  • #63,420
  • Nov 18, 2015 8:19am Nov 18, 2015 8:19am
Any thoughts for a newbie on this set up? My H4 bar ends in about 40 minutes. There must be more to it than just this. Otherwise it would be too simple I guess?
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-11-18 15_17_39-Sierra Chart 1316 Fx - TMS (ForexFactory).cht Interactive Brokers 2015-11-1.png Size: 52 KB
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