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Trading Made Simple

  • #64,681
  • Jan 15, 2016 6:59am Jan 15, 2016 6:59am
Quoting catalin_eros
{quote} Try this: open a demo, and for every amount that you lose at the end of the week, triple that amount and give it to your wife/ girlfriend to spend on shopping. That will keep you motivated to stay focused and open positions by the rules, and to stay green at the end of the week.
..and when you win it's five times that amount..men always losers, ha,ha
the cautious seldom err....C
  • #64,682
  • Jan 15, 2016 7:02am Jan 15, 2016 7:02am
Woke up to some nice profit this morning on the USDCAD, I never thought it would shoot up like that so it hit my uncalculated TP I think I just stuck it on 150, as it happens it makes no odds since it's hanging around there. No more trading after lunch on Friday, it's not worth the downer if you loose before the weekend.

Traded the same setup on the EURGBP, but on the 5 min chart it looked too much like a falling knife, so my stop was too tight, small loss, next time will have more confidence in my strategy.

My strategy is quite simple, use long term support and resistance on the Daily and Monthly, trade from one to another following the trend, wait for the cross on the TDI, and use StochRSi for OB and OS I find I can be reasonably aggressive using this, but might have to be much more careful in a ranging market, time will tell. This last couple of weeks have been my best results ever. THANK YOU GUYS.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-h1-forex-ltd.png Size: 59 KB
  • #64,683
  • Jan 15, 2016 7:15am Jan 15, 2016 7:15am
Quoting pips29
{quote} ..and when you win it's five times that amount..men always losers, ha,ha
Haha, nice one!

Well, beauty is expensive, I think. But I am sure any woman who comes back from shopping with bags full, can find many ways to reward her man. So in the end, losers will be winners.
  • #64,684
  • Jan 15, 2016 9:35am Jan 15, 2016 9:35am
Pro TMS traders: Do you all adopt the rule where green/cross is above MBL for long and below MBL for short?
Emmanuell: Do you consider this an important rule for 1h trading?
Thanks in advance
  • #64,685
  • Jan 15, 2016 11:57am Jan 15, 2016 11:57am
Quoting emmanuel7788
{quote}I also look at my trade statistics for each currency pair. like the average pips per trade, average $ per trade, average trade duration, consecutive wins, consecutive losses, etc.
i am trying to figure out how to sort the trade history by currency pair and/or export the history to something like excel, is this is possible? also was wondering how to find the average daily range of a pair but only from a certain session ie. 100 days adr of 8-10am eur/usd

thanks to all
  • #64,686
  • Jan 15, 2016 12:54pm Jan 15, 2016 12:54pm
Hi, i wanna use this system with 1d, can i trade some pair with hight/medium news o that day?
  • #64,687
  • Jan 15, 2016 1:07pm Jan 15, 2016 1:07pm
Quoting exile-brit
Hi everyone....I'm having a strange problem with the TDI indicator. I cannot get it to show up on the list of indicators in MT4. I have tried 4 different TDI mq4 files but none show up. I've added them to the data folder in the correct way as I've done with any other indicator I've added. All others have shown up but no TDI indicator will show listed under the list of indicators in MT4. Can anyone help me?
You need to compile mq4 files to create ex4 - which can then be seen by MT4
Double click on the mq4 file which opens the script in the script builder window.
Press the compile button in the toolbar.
Now close the builder, close MT4
Ensure the ex4 file is in your indicators folder.
Re-open Mt4 and you should now be able to see it and add to chart
  • #64,688
  • Jan 15, 2016 5:44pm Jan 15, 2016 5:44pm
Quoting exile-brit
Hi everyone....I'm having a strange problem with the TDI indicator. I cannot get it to show up on the list of indicators in MT4. I have tried 4 different TDI mq4 files but none show up. I've added them to the data folder in the correct way as I've done with any other indicator I've added. All others have shown up but no TDI indicator will show listed under the list of indicators in MT4. Can anyone help me?
Probably you may have too many indicators - try to delete from the folder these that you don't need any more. Should help. Regards
  • #64,689
  • Jan 15, 2016 6:20pm Jan 15, 2016 6:20pm
Quoting catalin_eros
{quote} Haha, nice one! Well, beauty is expensive, I think. But I am sure any woman who comes back from shopping with bags full, can find many ways to reward her man. So in the end, losers will be winners.
Thanks catalin_eros & pipss29 for your advices.
  • #64,690
  • Jan 15, 2016 9:11pm Jan 15, 2016 9:11pm
Quoting Profanas
Hi, i wanna use this system with 1d, can i trade some pair with hight/medium news o that day?

trade the higher timeframe like D1, I do not have to care about the short term volatility during the day when there is key news /data release.
you need to now where to place your stops and using the intraday volatility to add more trades in building up your position in the market.
this is where I use 2 bars/candles look back to place our stops.

http://www.forexfactory.com/showthre...81#post8316881

http://www.forexfactory.com/showthre...61#post8275161
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,691
  • Jan 15, 2016 9:17pm Jan 15, 2016 9:17pm
Quoting grrbear
{quote} i am trying to figure out how to sort the trade history by currency pair and/or export the history to something like excel, is this is possible? also was wondering how to find the average daily range of a pair but only from a certain session ie. 100 days adr of 8-10am eur/usd thanks to all
1. you can export the trades data from your Account History as csv files and then import that into Excel and do your analysis. That is how I do this.

2. the Average Daily Range is for based on the number of days you want. But you if want to know what the hourly volatility of the particular hour of the day, maybe this website info may help.

https://www.mataf.net/en/tools/02-01-volatility
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,692
  • Jan 15, 2016 10:31pm Jan 15, 2016 10:31pm
Hi Emmanuel
I have a question
I try 2 week trade tms in h 1 chart and I have a lot of wrong signal.
I am confused .i now u very friendly and help other ,thanks for that.
I want focus 1 or 2 pairs, which pairs do you prefer I focus.
And what time frame do you think is better for start?
For start need use fixed tp and sl ? Is yes which tp and sl is better?
I read big e post, now cross tdi better for signal or broken 5ema ?
Could you please tell about me\me positions?
Can you please help me.
Thanks
  • #64,693
  • Jan 16, 2016 1:22am Jan 16, 2016 1:22am
Quoting catalin_eros
GN, H1, long, 100 pips gained. I was initially aiming for a scalping trade, but then decided to let it ride. I got aggressive and entered one candle before the TDI cross, based on the guppies direction and PA being rejected from the guppies, S and inner TL, and APB close above the PAC. {image}
Good job Catalin!
  • #64,694
  • Jan 16, 2016 2:11am Jan 16, 2016 2:11am
Quoting pulubi28
{quote} Good job Catalin!
Thanks, Pulubi! I hope you're doing well, too.
  • #64,695
  • Jan 16, 2016 5:28am Jan 16, 2016 5:28am
My Elliott wave analysis on these pairs. Any suggestions is welcomed.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDmMonthly.png Size: 42 KB
  • #64,696
  • Jan 16, 2016 7:20am Jan 16, 2016 7:20am
A new year, a different approach to my trading... trading from the H1 chart will be no more.. it was an emotional roller-coaster 2015 haha.How do those guys trade using the H1, H5, H15 charts.. wow, id be a nervous wreck...
During 2015 I didnt blow my account, but was close.. starting to make slow head wind again climbing out of the 2015 hole learning from the mistakes.
I have to learn to get out when the trade is not going well and not think it will turn round to my favour, especially with 3 or 4 ME/ME positions. Sometimes difficult to cut losses (especially when its a big one..!) hearing those little voices in my head saying "its going turn round.." I NEED TO Stick to my plan!! and dont move the SL..!!
Will now use higher time frames, weekly & daily charts for set ups using price action and TDI confirmation, dropping down to H4/H1 for fine tuning my entry only. See how it goes, must admit I have had good trades using higher time frame set ups with appropriate SL, but always reverted back to trading lower time frames cos I was a H1 junkie overtrading as usual, I believe many fall into the trap at some point.
Will try to contribute more in the wonderful thread,..
So good luck to all for 2016,

Downunder..
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #64,697
  • Jan 16, 2016 8:50am Jan 16, 2016 8:50am
Quoting Downunder
A new year, a different approach to my trading... trading from the H1 chart will be no more.. it was an emotional roller-coaster 2015 haha.How do those guys trade using the H1, H5, H15 charts.. wow, id be a nervous wreck... During 2015 I didnt blow my account, but was close.. starting to make slow head wind again climbing out of the 2015 hole learning from the mistakes. I have to learn to get out when the trade is not going well and not think it will turn round to my favour, especially with 3 or 4 ME/ME positions. Sometimes difficult to...

I am sure you mean M5 and M15 charts ... and not H5 and H15.

Stay away from trading H1 and below. I am sure your trading will improve when you trade H4 and D1 charts TF. This will help you develop more confidence in the 5-Method as your results will get better.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,698
  • Jan 16, 2016 9:07am Jan 16, 2016 9:07am
Quoting emmanuel7788
{quote} ... more confidence in the 5-Method as your results will get better.
Please forgive me, if I'm asking a silly question: why is TMS called "5-Method" ? I have searched already some time ago and have found the basic paper of Big E, but no explanation of the name. Where does it come from?

Thank you
Best regards, blackfriday
  • #64,699
  • Jan 16, 2016 9:27am Jan 16, 2016 9:27am
Quoting blackfriday
{quote} Please forgive me, if I'm asking a silly question: why is TMS called "5-Method" ? I have searched already some time ago and have found the basic paper of Big E, but no explanation of the name. Where does it come from? Thank you
simple question require simple answer:

5-Method and 21/233 Method Post#3018, Post#4104,

the question is : Why did the 5-Method become Trading Made Simple?

Start by following this post#64,623.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #64,700
  • Jan 16, 2016 9:38am Jan 16, 2016 9:38am
Quoting mortezakh
Hi Emmanuel I have a question I try 2 week trade tms in h 1 chart and I have a lot of wrong signal. I am confused .i now u very friendly and help other ,thanks for that. I want focus 1 or 2 pairs, which pairs do you prefer I focus. And what time frame do you think is better for start? For start need use fixed tp and sl ? Is yes which tp and sl is better? I read big e post, now cross tdi better for signal or broken 5ema ? Could you please tell about me\me positions? Can you please help me. Thanks

Hi,

What are your trading hours? I don't recommend that your trade H1. Believe me, many people lose their money trading short term like H1 and any timeframe and below H1.

You can trade H4 or D1 chart TF, at any time during the day. If your trading hours are during the European markets hours, you can trade H4 and also D1.

Start with EURUSD,GBPUSD, and EURJPY and trade these during the European market hours.
You must not use fix SL and TP. You need to understand market volatility and learn where and how to place your exits.

ME/ME, read this post#64,625 where I answered this FAQ many times. But you first need to fully understand what the 5-Method is.


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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