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Trading Made Simple

  • #63,581
  • Edited 12:44am Nov 23, 2015 12:13am | Edited 12:44am
Quoting kingakp
nzd/usd last friday trade .is this is valid trade according to TDI ? {image}

a valid setup...

you are selling at the high of the Day WRB which is resistance and that is in the same direction as the dominant Weekly 'trend'.

once the PA breaks the BRN 1.6500, the next target TP is 1.6465 or the next RN 1.6450.

manage it well and to see if there will continuation of the Weekly, and making lower than last week's low.

1.6387 and 1.6257 are the next historical support levels. it may take many days/weeks to get there.... don't be surprise before X'Mas.

Edit:
add chart
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 48 Day chart.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #63,582
  • Nov 23, 2015 12:59am Nov 23, 2015 12:59am
Quoting emmanuel7788
{quote} a valid setup... you are selling at the high of the Day WRB which is resistance and that is in the same direction as the dominant Weekly 'trend'. once the PA breaks the BRN 1.6500, the next target TP is 1.6465 or the next RN 1.6450. manage it well and to see if there will continuation of the Weekly, and making lower than last week's low. 1.6387 and 1.6257 are the next historical support levels. it may take many days/weeks to get there.... don't be surprise before X'Mas. Edit: add chart {image}
thanks brother emmanuel7788. +45 pips now .i read almost your's and BIG E's every post in this thread .i have some confusion to taking entry .i means which one is valid or not.i am not going to live account right now .i am still in demo and practicing .i hope you will help me to master it.
Stay Foolish , Stay Hungry
  • #63,583
  • Nov 23, 2015 1:01am Nov 23, 2015 1:01am
Quoting thonguyen
I have studied this Thread for almost one year. This is the first time I post and want to share my trading experience of this method. {image}
share with us brother.we will learn from each others.
Stay Foolish , Stay Hungry
  • #63,584
  • Nov 23, 2015 1:21am Nov 23, 2015 1:21am
@emmanuel7788 found another trade.look at this .should buy when current H4 finish ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 41 KB
Stay Foolish , Stay Hungry
  • #63,585
  • Nov 23, 2015 1:40am Nov 23, 2015 1:40am
Quoting emmanuel7788
{quote} a valid setup... {image}
Good morning, Big Emm!

To be honest, I don't see it as a valid TMS setup. Those are tiny candles. And I don't think his entry was based purely on WRB. He most likely didn't even know there was a WRB, otherwise, he would have stated that. He asked from a purely ABP, 5EMA, TDI and stochastics point of view. Please provide some details, because I strongly disagree with you on this one.

No hard feelings, Big Emm!
  • #63,586
  • Nov 23, 2015 1:46am Nov 23, 2015 1:46am
Quoting catalin_eros
{quote} Hello, Kingakp! The first step in trading TMS is stop trading, and start reading. You'll find Big E's pdf in the paperclip. After you read it, you will know why your entry was an awful one. Read it, backtest, start trading on demo, post your trades here, so that you can get help and improve. Happy reading!
hi catalin eros.hope you are well. i am still in demo and practicing to master it.today i found some setup .is those are valid
aud/usd sell
Attached Image (click to enlarge)
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aud/jpy sell
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Click to Enlarge Name: AUDJPYH4.png Size: 23 KB

gbp/aud buy
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 41 KB

eur/aud buy
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Click to Enlarge Name: EURAUDH4.png Size: 23 KB
Stay Foolish , Stay Hungry
  • #63,587
  • Nov 23, 2015 1:51am Nov 23, 2015 1:51am
As suggested the NZDUSD continues down. Had you entered on the first or second red candle could have captured 50 or so pips.


Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.PNG Size: 46 KB


Personally think it will continue down to a new low. We will see. not strictly a TMS trade Big E wouldnt have entered on Friday but nothing to stop you doing so last night!
We're all just one trade away from humility.
  • #63,588
  • Nov 23, 2015 2:07am Nov 23, 2015 2:07am
Quoting Drewas
As suggested the NZDUSD continues down. Had you entered on the first or second red candle could have captured 50 or so pips. {image} Personally think it will continue down to a new low. We will see. not strictly a TMS trade Big E wouldnt have entered on Friday but nothing to stop you doing so last night!
i was entered last friday at 0.65589 as i saw price under 5 EMA and green crossed red and stoch .
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 38 KB


Drewas bro can you tell me more about WRB .show a picture with WRB valid setup or invalid setup.with picture its easy to understand.

thanks in advance .
Stay Foolish , Stay Hungry
  • #63,589
  • Nov 23, 2015 2:17am Nov 23, 2015 2:17am
Quoting Scrambleguy
{quote} I would still be hesitant taking those trades as they look like counter trend moves?
Its just an example of a good TDI angle
  • #63,590
  • Nov 23, 2015 2:32am Nov 23, 2015 2:32am
5 Good qualities of a great Trader

1. Risk control
2. Stress Control
3. Attitude control
4. State of Mind control
5. The decision making skills of winners
  • #63,591
  • Nov 23, 2015 3:00am Nov 23, 2015 3:00am
Quoting catalin_eros
{quote} Great observation! But... In the first example, provided that the marked candle looked good when it opened, we have an entry based on Big E's rules. If we look to the left, we notice that PA formed a DB (double bottom) pattern, which signifies change of trend direction. Therefore, we know the current trend will change and it will go up, so the buy order seems justified, assuming that the trader entered based on the DB pattern. In the second example I do not see a valid CT entry, but I can't tell if Stefan wanted to show an entry...
Thanks for the advice Catlin! i am a newbee so only seeing what i see in my learner" eyes. There also seemed like a good buy angle on the previous TDI ( which is the one sitting just to the left of the set up Stefan mentioned and you commented on. But this only ran for a maybe 2 candles, this is where a novice can take trades but could go against. Can you please give me your thoughts on that set up?
  • #63,592
  • Nov 23, 2015 3:01am Nov 23, 2015 3:01am
Quoting stefan17
{quote} Its just an example of a good TDI angle
Sure, I was just curious and learning!
  • #63,593
  • Nov 23, 2015 3:05am Nov 23, 2015 3:05am
Quoting kingakp
@emmanuel7788 found another trade.look at this .should buy when current H4 finish ? {image}
Hello, Kingakp!

Imagine there is a war between 2 countries: BULLSmania and BEARSmania. Both of them asked us to be their allies. Who would we pick: the stronger nation, which has the most chances to be declared as winner, or the weaker nation, which is the most likely to get its a$$ kicked? We would go with the stronger nation. But how do we know which one is the stronger nation? Well, our troops are led into battle by a very skilled general, and we trust his abilities to pick the nation with the stronger odds of success. His parents didn't go to school, so they didn't know the right spelling, and when they gave birth to him, they wanted to name him Trent, but they called him Trend on his birth certificate. So when you go into the battle, you want to go with the General Trend. If you chose to go counter Trend, then you will be executed for treason.

General Trend is a big fan of Steven Spielberg, and his favorite movie is Saving Private Ryan. He has just assigned you for a special mission, and the name of this secret mission is Attacking Private Bryan, a.k.a. APB, which requires you to infiltrate the enemy troops. The next day you are provided with the option to choose your troopers for the ABP mission, and General Trend aligns in front of you two groups of men:

Group 1: Special Ops, experienced and skilled troopers, all of them big, strong, determined and eager to go into the battle. They have fierce dogs with long muzzles and their tails cut. Their symbol is

Group 2: Frightened, puny, skinny, feeble, so called "soldiers", who by no means show decisiveness and strength, which are qualities required for this mission to succeed. They also have dogs, but their dogs are as frightened as their masters, and they always keep their long tails between their legs. Their symbol is

Which group will you chose, in order to increase the success rate of your mission?

Unless you are a very skilled and experienced trader, you should always go with the overall trend and enter based on big body APB, with only upper wick (no upper wick works out, too) and no tail at all (very small tail might work out, but preferably no tail) for uptrend, and vice versa for downtrend. That's what shows decision and strength, which increases your chances to have a winning trade.

To arms, brave soldiers!
  • #63,594
  • Nov 23, 2015 3:27am Nov 23, 2015 3:27am
So entered after first red candle. Has turned against me couple of pips down at the moment.

Cant win them all!
Attached Image
We're all just one trade away from humility.
  • #63,595
  • Nov 23, 2015 3:33am Nov 23, 2015 3:33am
Quoting Scrambleguy
{quote} Thanks for the advice Catlin! i am a newbee so only seeing what i see in my learner" eyes. There also seemed like a good buy angle on the previous TDI ( which is the one sitting just to the left of the set up Stefan mentioned and you commented on. But this only ran for a maybe 2 candles, this is where a novice can take trades but could go against. Can you please give me your thoughts on that set up?
Hello, ScrambleGuy!

I am not a newbie to forex, but I consider myself a newbie to TMS, too. We're the same.

I assume you mean the first picture. That would be selling into support, assuming that when the marked candle opened (white arrow), it looked good for a valid entry.

The first two circles show where PA previously bounced off of, and that's the support zone, marked by the red line, which you would be selling into. The third circle shows that market respected that level again, and it made a DB patterns (first and third circle), from where the trend changed. It might even be a TB pattern, but with ABPs, I cannot tell for certain.I would need Japanese candles for that.

I hope that was helpful.
Attached Image (click to enlarge)
Click to Enlarge Name: FF2.jpg Size: 117 KB
  • #63,596
  • Nov 23, 2015 3:41am Nov 23, 2015 3:41am
Quoting catalin_eros
{quote} Hello, ScrambleGuy! I am not a newbie to forex, but I consider myself a newbie to TMS, too. We're the same. I assume you mean the first picture. That would be selling into support, assuming that when the marked candle opened (white arrow), it looked good for a valid entry. The first two circles show where PA previously bounced off of, and that's the support zone, marked by the red line, which you would be selling into. The third circle shows that market respected that level again, and it made a DB patterns (first and third circle),...
Hi Catalin, I actually meant the buy signal on the TDI, the one left of the buy signal Stefan referred too. Where it only went 2 candles before it rolled over ( the middle circle you highlighted.
  • #63,597
  • Edited 4:31am Nov 23, 2015 4:12am | Edited 4:31am
Quoting Scrambleguy
{quote} Hi Catalin, I actually meant the buy signal on the TDI, the one left of the buy signal Stefan referred too. Where it only went 2 candles before it rolled over ( the middle circle you highlighted.
That's easy. It's not an entry there. If you are using 5EMA and you are trading according to Big E's rules, then you should enter on the open of the 1st /2nd candle. The first two blue candles didn't opened above the 5EMA. So no buy trade there.
  • #63,598
  • Nov 23, 2015 4:51am Nov 23, 2015 4:51am
Quoting kingakp
{quote} hi catalin eros.hope you are well. i am still in demo and practicing to master it.today i found some setup .is those are valid aud/usd sell {image} aud/jpy sell {image} gbp/aud buy {image} eur/aud buy {image}
Have you read Big E's pdf yet?

If you have difficulties in finding it in the paperclip, here it is:
Attached File(s)
File Type: pdf BigE-full.pdf   3.3 MB | 1,308 downloads


It will answer many of your questions. You need to study first, as do we all. I know you are eager to jump into trades, but you will lose if you are unprepared.
  • #63,599
  • Nov 23, 2015 4:57am Nov 23, 2015 4:57am
Quoting tibovwh
This week I'm entering a demo trading competition organized by my broker. The idea is to be consistent and steady daily profits yield extra rewards. So I will focus this week on a scalping kind of approach and bank profits early. Every week I've focused on certain aspects and trying to master specific things of the TMS method. Good trading all,
Perhaps I should follow up on this post I made last week. I started the week off very well. I had clear planning and followed it. I had 3 consecutive days of €25 euro profit which was my daily target. Then there was a FOMC meeting and market sort of shifted. I was not around on Wednesday night and I had missed the best moves of the week. I think this put me off in some way. Thursday and Friday I traded extremely poor. I chased the market and I started losing. I did not look at the bigger picture anymore and I did not follow my rules strict enough. As losers piled up I screwed up more and more.

It's pretty clear that I'm floating somewhere between Stage 2 and Stage 3. I'm struggling to advance but I think the keyword here is discipline. I have the system within my reach but it's moulding it to my trading and applying it in a strict way that is hard. I'm forcing myself to read the 25-point mantra by Doug Zalesky every day for the next few weeks. I will also force myself to write down some setups in clearly defined rules that I want to look for in the markets and write down how I will manage these trades.

I also appreciate the encouraging words. I have only been trading for about 12 months of which the first 4-6 were Stage 1 (I don't know what I don't know). Joined FF somewhere in May I think and had some important exams in between. So all in all I think I need to give myself the time to be in Stage 2.

Have a good week ppl!
Attached Image (click to enlarge)
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  • #63,600
  • Nov 23, 2015 5:25am Nov 23, 2015 5:25am
Tib0vh,

The only advice I can give is to stick with it and never give up. Personally speaking some days I trade like a level four and some days you trade like a level 1. The difference between you and the other 95%(or whatever the figure is) is that losing wont make you give up.

The mental side of trading is seldom discussed in this or other threads in forex factory but is the key to being profitable longer term in my opinion.

I for one meditate before trading. This may sound a bit hippy but i close my eyes and focus on counting to 100 focusing purely on the numbers and not on anything else. If I start drifting and thinking about stuff other than the numbers I try and re-focus on the numbers. You will be surprised how effective this is to see the markets with a new clarity. Just saying it works for me. Bill Williams advocates this and i thought it was rubbish until i tried it.

Be interested to hear how other traders prepare to trade mentally?
We're all just one trade away from humility.
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