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Trading Made Simple

  • #64,441
  • Jan 7, 2016 9:18am Jan 7, 2016 9:18am
Quoting Dimi.A
{quote} Agreed. Nice one Em! When all else fails I know I can always count on the TMS to pay the bills I'm currently long at the moment GBPJPY with a small trade 0.30 lots. Entry signal was the TDI on the 1H chart upon the closed candle. Remember the key is the angle of the TDI (notice the nice, clear steep angle of the old TDI). I'm up +30 pips so I've now moved my stop loss up to lock in +20 of those pips and I'll let it ride (can't be too careful with all this silly Chinese volatility happening). Hope you guys caught that one too. {image}
Nice trade Dimi. Here is what I think will happen to GBJPY.
Attached Image (click to enlarge)
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  • #64,442
  • Jan 7, 2016 11:25am Jan 7, 2016 11:25am
Quoting macajos
{quote} Nice trade Dimi. Here is what I think will happen to GBJPY. {image}
Nice EW analysis, will check that my self too

I took EJ trade long later on LO set the low of the day , + 50 pips
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I Have Learned to Take Some Losses to Make Profits
  • #64,443
  • Jan 7, 2016 5:12pm Jan 7, 2016 5:12pm
Hi all,

Here are the GBP/USD trades i took after new year. closed all the trade yesterday i was trying to scale out slowly but market turned too fast, end up closing with the SL, 1400+ pips. I think i'll be needing a wheelbarrow for all this pips in 2016 .

Thank you,
Meihk
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  • #64,444
  • Jan 7, 2016 7:04pm Jan 7, 2016 7:04pm
Quoting Meihk
Hi all, Here are the GBP/USD trades i took after new year. closed all the trade yesterday i was trying to scale out slowly but market turned too fast, end up closing with the SL, 1400+ pips. I think i'll be needing a wheelbarrow for all this pips in 2016 . Thank you, Meihk {image}
Great trading very inspiring as is Dimi & Emmanual too. Should be an exciting 2016 for all who follow you guys
  • #64,445
  • Jan 7, 2016 10:30pm Jan 7, 2016 10:30pm
Quoting Lookleft
{quote} Nice one Dimi Might also mention that PA reacted to the BRN (171.000) and created a nice pin bar.
Spot on! You know your stuff. It's good to see you're familiar with Japanese candlestick reversal candles. It's always handy to have that knowledge but the best thing about the original TMS is even if you're not a seasoned Japanese candle stick analyst you will still learn and still succeed. Pretty cool aye?

Quoting macajos
{quote} Nice trade Dimi. Here is what I think will happen to GBJPY. {image}
Thanks Mac! Nice chart there - very "Matrix" looking.
Where is your TMS chart bro? ​

Quoting JayS45
{quote} Great trading very inspiring as is Dimi & Emmanual too. Should be an exciting 2016 for all who follow you guys
Jay! What's up man 2016 will be a good year. We just need to avoid all that Chinese news bullshit. Let's smash the market with the TMS this year.

PS: When I hit the $8,000,000 mark i'll fly all of you loyal TMS traders to Germany and we'll have a huge European get together. Drive Porsches and other exotic cars across the Autobahn and trade together.

PPS: Don't forget guys add the TDI Red Green to your mobile and tablet MT4's! (pdf guide attached)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM30 SELL AT 200MA M30.png Size: 249 KB
Attached File(s)
File Type: pdf TDI_Mobile_Tablet.pdf   222 KB | 793 downloads
  • #64,446
  • Jan 8, 2016 12:10am Jan 8, 2016 12:10am
Quoting Dimi.A
{quote} Spot on! You know your stuff. It's good to see you're familiar with Japanese candlestick reversal candles. It's always handy to have that knowledge but the best thing about the original TMS is even if you're not a seasoned Japanese candle stick analyst you will still learn and still succeed. Pretty cool aye? {quote} Thanks Mac! Nice chart there - very "Matrix" looking. Where is your TMS chart bro? ​ {quote} Jay! What's up man 2016 will be a good year. We just need to avoid all that Chinese news bullshit. Let's smash the market...
I use TMS Chart bro. Only that, I wanted to show guys which wave we are on in GJ. Remember that is a monthly timeframe and my TMS Chart have set it not to show in Monthly timeframe. Enjoy the pips and ride that wave. My target is 167-166 area.
  • #64,447
  • Jan 8, 2016 12:13am Jan 8, 2016 12:13am
Quoting Dimi.A
{quote} Spot on! You know your stuff. It's good to see you're familiar with Japanese candlestick reversal candles. It's always handy to have that knowledge but the best thing about the original TMS is even if you're not a seasoned Japanese candle stick analyst you will still learn and still succeed. Pretty cool aye? {quote} Thanks Mac! Nice chart there - very "Matrix" looking. Where is your TMS chart bro? ​ {quote} Jay! What's up man 2016 will be a good year. We just need to avoid all that Chinese news bullshit. Let's smash the market...

Thank you very much for attaching the guide! i will definitely try this out!
why do we fall? So we can learn to pick ourselves up.
  • #64,448
  • Jan 8, 2016 3:34am Jan 8, 2016 3:34am
Quoting JayS45
{quote} Great trading very inspiring as is Dimi & Emmanual too. Should be an exciting 2016 for all who follow you guys
I'm inspired!

A few years ago I wrote a whole load of EA's, and to no surprise I couldn't get a single one too work, and swore I would never attempt such a feat againt, however this system has whetted my appetite once more, initial results are encouraging, however I've been there before, but I'm going to give it a shot.

Anyone else looked at this?
  • #64,449
  • Jan 8, 2016 4:47am Jan 8, 2016 4:47am
Getting ready for DAX Short!
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  • #64,450
  • Jan 8, 2016 5:36am Jan 8, 2016 5:36am
Quoting Dimi.A
{quote} Spot on! You know your stuff. It's good to see you're familiar with Japanese candlestick reversal candles. It's always handy to have that knowledge but the best thing about the original TMS is even if you're not a seasoned Japanese candle stick analyst you will still learn and still succeed. Pretty cool aye? {quote} Thanks Mac! Nice chart there - very "Matrix" looking. Where is your TMS chart bro? ​ {quote} Jay! What's up man 2016 will be a good year. We just need to avoid all that Chinese news bullshit. Let's smash the market...
I LIKE.

Very well documented pdf on how to create the TDI using the RSI and moving average of the RSI data. Doing it this way is also known as the Fozzy-RSI.

Note that doing it this way, the TDI is running in realtime and will not repaint like MT4 TDI Red Green. The Green, Red and Yellow lines will update on every price tick data received. Same simple rule apply: You must wait for the price bar/candle to close to confirm the setup.
You can jump in during the APB#1 and APB#2 (i.e. before the APB candle closes) provided there is Price Action setup and you let the TDI to confirm the Price Action.

The angle of the Green line will become subjective because of the size (height) of the sub-window and because it is set to read the RSI using the Close price, you must always look at the previous 2 to 3 price bars and determine the PA setup.

But if you set the RSI to the Typical Price (HLC/3), the Green line angle will be different. You should know this key difference.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,451
  • Jan 8, 2016 5:43am Jan 8, 2016 5:43am
Quoting Bushy
{quote} I'm inspired! A few years ago I wrote a whole load of EA's, and to no surprise I couldn't get a single one too work, and swore I would never attempt such a feat againt, however this system has whetted my appetite once more, initial results are encouraging, however I've been there before, but I'm going to give it a shot. Anyone else looked at this?

It depends on what you programmed your Expert Advisor EA to do.
If you program your EA to manage your trades, you as the trader need to decide when to open the first trade and let the EA manage when to add trades in building a position in the market. This is just one key function of the EA as ME/ME trade manager. There a many other functions, too many and we should not discuss them here in this thread.

The EA can never do when human discretion is required in our trading decisions therefore, it is required that we know when to activate and deactivate the EA fundctions and do manual management.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,452
  • Jan 8, 2016 5:53am Jan 8, 2016 5:53am
Quoting Meihk
Hi all, Here are the GBP/USD trades i took after new year. closed all the trade yesterday i was trying to scale out slowly but market turned too fast, end up closing with the SL, 1400+ pips. I think i'll be needing a wheelbarrow for all this pips in 2016 . Thank you, Meihk {image}

Nice trades.

Do you know the average entry price of your position as you open more new trades?
Once you know the average entry price for all open trades, you will know where the breakeven level is and manage your stop loss based on the average entry price.
You are not using MT4, can you code in the platform language?
PM me and I will send you the code for the average price indicator.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,453
  • Jan 8, 2016 5:57am Jan 8, 2016 5:57am
NFP in about one-half hour. I see the direction for most pairs are quite clear on the D1 charts
If you are trading with tight stop, better to get out and be safe. You won't survive the volatility.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,454
  • Jan 8, 2016 6:18am Jan 8, 2016 6:18am
Quoting emmanuel7788
NFP in about one-half hour. I see the direction for most pairs are quite clear on the D1 charts If you are trading with tight stop, better to get out and be safe. You won't survive the volatility.
Hi Em, Do you always stay out of the market around NFP?
Your trade order needs to be in the right place at the right time.
  • #64,455
  • Jan 8, 2016 6:22am Jan 8, 2016 6:22am
Quoting Islandfx911
{quote} Hi Em, Do you always stay out of the market around NFP?

Yes, when I trade intraday H1 and below.
Also for my 4H swing trading, I usually will close my trades on Fridays and today being NFP, I either close before NFP or if I have my trades protected, I closed them just before London session close.
For my position trading on D1 chart, I keep my trades open using ME/ME strategy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,456
  • Edited 6:39am Jan 8, 2016 6:25am | Edited 6:39am
Quoting emmanuel7788
{quote} Nice trades. Do you know the average entry price of your position as you open more new trades? Once you know the average entry price for all open trades, you will know where the breakeven level is and manage your stop loss based on the average entry price. You are not using MT4, can you code in the platform language? PM me and I will send you the code for the average price indicator.
Thank you Emmanuel7788,

I believe you are talking about the net price? it show only when my positions are still open. I am using the marketscope 2.0 by fxcm.

regards
  • #64,457
  • Jan 8, 2016 6:29am Jan 8, 2016 6:29am
Quoting emmanuel7788
NFP in about one-half hour. I see the direction for most pairs are quite clear on the D1 charts If you are trading with tight stop, better to get out and be safe. You won't survive the volatility.


I still have SELL orders using ME/ME for EU

so if D chart looks like uptrending, it's better to get out before NFP?
  • #64,458
  • Jan 8, 2016 6:40am Jan 8, 2016 6:40am
Quoting mousteven
{quote} I still have SELL orders using ME/ME for EU so if D chart looks like uptrending, it's better to get out before NFP?
EURUSD is sideways.

My open trades below:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD D1 trades 8 Jan pre-NFP.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,459
  • Jan 8, 2016 7:04am Jan 8, 2016 7:04am
I have to say this is an incredible thread, I have read about 1100 pages of the thread and plan to finish it soon. I mostly trade intra day but looking at trading more swing trading and position trading in the future.

Big thanks to big E. and all the other incredible contributors, I hope I can add to this thread soon, and maybe look at doing BPP on one of the pairs like emmanuel7788 does, I also want to try the me/me entries and I have been getting my head round the concept and I Like it.
It's in fear when people show what they truly value.
  • #64,460
  • Jan 8, 2016 7:06am Jan 8, 2016 7:06am
Quoting emmanuel7788
{quote} EURUSD is sideways. My open trades below: {image}

Wow~ you are still going for another sell limit order....during NPF. Good to know, I'm in the same boat with the MASTER
I'm sweating and panic the whole day... because the reversal and 1st blue apb bar seen on D day.
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