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Trading Made Simple

  • #65,361
  • Feb 2, 2016 12:09pm Feb 2, 2016 12:09pm
Hi, attached 2 potential trades and 2 trades that im already in.

want to know what do you think about that.

take a look at the TM of each of them (3 - 1D, 1 - 4H)

thanks.
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  • #65,362
  • Feb 2, 2016 12:20pm Feb 2, 2016 12:20pm
Quoting mousteven
{quote} So far so good......... I guess {image}
Just an update of my EJ trade:

After my initial entry (ME1) the price went up . I added another entry (ME2) on the 2nd blue candle, hoping I could breakeven when it retraced. I was waiting to see if the price could closed below 10ema before the time up, but it didn't, so I thought it would continue bullish. So I quickly closed them. However, few minutes later the price went down and caused a big red candle.

I wanna challenging again.
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  • #65,363
  • Feb 2, 2016 1:03pm Feb 2, 2016 1:03pm
Quoting Dimi.A
{quote} Hey bro, I do take note of support and resistance but it doesn't stop me from entering a 4H TDI cross because once that 4H TDI crosses, the odds are in your favour and you'll usually see price smash right through those zones. This is why we don't need Pivots or Fibonacci on our TMS charts because if the push is strong, it'll rip right through those levels! I actually have a solid level of experience with Pivots, Fibonacci and Murrey Math Levels as well but I don't use those tools as part of my TMS trades. Why? Because there's no need to!...
Hey, buddy!

Thanks for the answer!

But what about the H1? Do you also expect the APBs to have power to blow right through the S/R? Or that is only valid for H4?
Also, do you ever use R:R? Or you just exit based on the original method (TDI)?
  • #65,364
  • Feb 2, 2016 1:33pm Feb 2, 2016 1:33pm
Right, you know what we need here traders, an MT4 trading simulator, something that will let us run through historical charts as if in realtime but at high speed, where we can actually simulate real live trading, where you can run through months of charts on a pair in a couple of hours, now wouldn't that be great.

What if we were able to run through maybe 3 months worth of charts in 2 hours or so, wouldn't that be so much help.

Well I have a nice surprise for you, I remembers a little mql4 script I wrote quite a while ago, why I forgot about something so handy I don't know, but it has been in the back of my mind, so today I have dug it out, especially for you. It did work very well, and nothing seems to have changed, but I make no warranties and I don't want to turn this thread into a support forum for it, so read very carefully I shall say this only once, and PM me if you have problems, I will edit this post if I've missed something, and you must learn how to use the MT4 strategy tester on your own, I am not going to even consider telling someone how to use that on this thread, I learnt it myself, it's not hard, and if you can;t do that you shouldnt be trading.

INSTRUCTIONS
Load the EA onto the strategy tester.
Obviously select visual.
Soon as the chart moves load your own template.
Click Pause if you want to execute a trade and then Delete The BUY/SELL to execute, BUY/SELL on BREAK might not be of use anyway for this strategy.
The number at the bottom of the list is the LOTS to trade, I just change this to 1 after it starts (for some reason it was a right pain to set it default 1 if I remember right)

That's it I think, you don't really need to apply much money management, but you can do this by executing 5 Sell's for instance, and when you close it will close 1 trade, I think that's how it worked, anyway it's easy enough, just try it and work it out.

ENJOY.
Attached File(s)
File Type: mq4 Simulator.mq4   15 KB | 398 downloads
  • #65,365
  • Feb 2, 2016 2:26pm Feb 2, 2016 2:26pm
Quoting Bushy
Right, you know what we need here traders, an MT4 trading simulator, something that will let us run through historical charts as if in realtime but at high speed, where we can actually simulate real live trading, where you can run through months of charts on a pair in a couple of hours, now wouldn't that be great. What if we were able to run through maybe 3 months worth of charts in 2 hours or so, wouldn't that be so much help. Well I have a nice surprise for you, I remembers a little mql4 script I wrote quite a while ago, why I forgot about something...
God bless you
  • #65,366
  • Feb 2, 2016 4:26pm Feb 2, 2016 4:26pm
Hello friends,
my two new Daily entries. Em I to early

regards, dan
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  • #65,367
  • Feb 2, 2016 4:42pm Feb 2, 2016 4:42pm
Quoting emmanuel7788
{quote} Hi, your charts are too crowded with too many things we do not need. those up and down arrows are distractions and you will not see the the price action with them all over your charts. in my Swing High/Swing Low pdf, there is no 10EMA. It is mention 5EMA, Typical Price, Shift+3. That's what TMS 5-Method use for direction. 10 EMA is not for trend. It is use on higher TF charts to see where potential market reaction can happen. It is dynamic support and resistance and you need to see that with other S&R and also the Round Numbers. It is not...
Thank you Emmanuel

I will take all the arrows out as your recommendation.
I have one last question it may sound stupid but at least it will clear my query.
Wave analysis from the picture below. What do we use to analyze primary, intermidate & short term trend?
I am using 10ema instead of 5ema because I can recall you said long time 5ema(shift3) is not much different from 10ema.
So I am using 10ema as wave anaylze because they are quite close to the prices and you use them a lot too.

Best regards,
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  • #65,368
  • Feb 2, 2016 6:01pm Feb 2, 2016 6:01pm
Quoting Dimi.A
{quote} For me, I sit my stop losses at 100 pips on the 4H. You need to give your trades room to breathe. If you put small stop losses on the 4H chart like 30 or so pips you'll chop your account to bits. I promise you. Eelfranz didn't trade with stop losses most of the time. I'm not a fan of stop loss trading either but with all the Chinese rubbish going on last month and selling off etc. who knows what's around the corner so I've been using a 100 pip stop loss just to be safe. By the way, beautiful work man. See how easy it is when you don't add...
Could you please take a look at my 2 trade .gbousd go -50 and gbpjpy go until -50 and back to profit but I close after previous candle because tdi flat
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  • #65,369
  • Feb 2, 2016 6:35pm Feb 2, 2016 6:35pm
Quoting mortezakh
{quote} Could you please take a look at my 2 trade .gbousd go -50 and gbpjpy go until -50 and back to profit but I close after previous candle because tdi flat {image}{image}
GBPUSD was a loss (you get those) and GBPJPY kept going down so you would have made profit from GBPJPY if you held on. But nevertheless both good entries and you did the right thing. TDI was sharp in the beginning and Stochastics confirmed direction too.
Remember we do get losses here and there. Once you're up to speed and spent a few hundred hours trading the original TMS and getting used to the TDI angles you'll be hitting profit more than 85% of the time as Eelfranz said.

Keep it up mate.
  • #65,370
  • Feb 2, 2016 6:39pm Feb 2, 2016 6:39pm
Quoting mousteven
{quote} Just an update of my EJ trade: After my initial entry (ME1) the price went up . I added another entry (ME2) on the 2nd blue candle, hoping I could breakeven when it retraced. I was waiting to see if the price could closed below 10ema before the time up, but it didn't, so I thought it would continue bullish. So I quickly closed them. However, few minutes later the price went down and caused a big red candle. I wanna challenging again. {image}
Hi,

This happens to me. I think we are both beginning traders and emotions get to us. Trading is no easy business and we need to learn to control this. We need to get more confidence in ourselves and trust the system's rules. We can only achieve this by looking at historical charts and studying.

Keep working !
  • #65,371
  • Feb 2, 2016 7:25pm Feb 2, 2016 7:25pm
Quoting pete.alfa
Hi Emmanuel, I have some questions from your charts. I think this time it will clear my confusions for all. Thank you AudNzd TDI crosses down in daily chart - means short. Are we trading counter trend? prices are above 10ema weekly & daily from document swing high & swing low(pdf is at bottom) price have to close above or below 10ema. Do we need candle to close for entry? GbpAud TDI TDI crosses up in daily- means long price is above 10 ema in daily chart but hasn't closed yet(prices are below 10ema in weekly chart). Do we need candle...
Hello pete.alfa. Can help me. How to display multiple chart in one screen?
  • #65,372
  • Feb 2, 2016 7:40pm Feb 2, 2016 7:40pm
whats the point of using stochastics?
it shows the same thing as tdi
if tdi is up, stoch will be too
  • #65,373
  • Feb 2, 2016 7:47pm Feb 2, 2016 7:47pm
​I wouldn't buy right now, gbpaud 4hr chart had a lot of blue candles, looks like near res. and the 100 sma. just a thought. Daily does look good though.
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  • #65,374
  • Feb 2, 2016 7:54pm Feb 2, 2016 7:54pm
Quoting shay14
whats the point of using stochastics? it shows the same thing as tdi if tdi is up, stoch will be too

the answer is in Post#647

have your read all the posts by Big E and taken your own notes?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,375
  • Feb 2, 2016 7:56pm Feb 2, 2016 7:56pm
dimi: awesome explanation a few posts up. very helpful on the 4h especially. but what about sl on the 1h. if you maybe go 100 pips on 4h, what do you use on 1h?
  • #65,376
  • Edited 10:33pm Feb 2, 2016 8:00pm | Edited 10:33pm
​
Quoting shay14
whats the point of using stochastics? it shows the same thing as tdi if tdi is up, stoch will be too
Incorrect, young grasshopper. There are many times where TMS traders have been caught out by entering on the TDI cross yet the Stochastic was pointing the other way. See post Post#66,002 for a classic example.

Quoting emmanuel7788
{quote} the answer is in Post#647 have your read all the posts by Big E and taken your own notes?
Agreed. Chances are, he hasn't
  • #65,377
  • Feb 2, 2016 8:05pm Feb 2, 2016 8:05pm
Quoting mousteven
{quote} Just an update of my EJ trade: After my initial entry (ME1) the price went up . I added another entry (ME2) on the 2nd blue candle, hoping I could breakeven when it retraced. I was waiting to see if the price could closed below 10ema before the time up, but it didn't, so I thought it would continue bullish. So I quickly closed them. However, few minutes later the price went down and caused a big red candle....
I told you to keep your stop and be patient. I am up several hundred pips
the cautious seldom err....C
  • #65,378
  • Feb 2, 2016 8:14pm Feb 2, 2016 8:14pm
how often do ya'll enter on candle 1? and under what circumstances? and, generally, at what time point in the HA candle's creation? i ask this theoretically, because at my stage of learning, i'm a 2nd candle guy through and through :-).
  • #65,379
  • Feb 2, 2016 8:30pm Feb 2, 2016 8:30pm
Quoting Bushy
Right, you know what we need here traders, an MT4 trading simulator, something that will let us run through historical charts as if in realtime but at high speed, where we can actually simulate real live trading, where you can run through months of charts on a pair in a couple of hours, now wouldn't that be great. What if we were able to run through maybe 3 months worth of charts in 2 hours or so, wouldn't that be so much help. Well I have a nice surprise for you, I remembers a little mql4 script I wrote quite a while ago, why I forgot about something...
Check out Forex Tester 2 if you want to run through historical data on an mt4 platform with the 5 method. You can make 100 trades in under a half hour so you would accelerate your learning curve.
  • #65,380
  • Edited 9:10pm Feb 2, 2016 8:30pm | Edited 9:10pm
Quoting pulubi28
{quote} Hi Dimi! May I ask where do you put your SL on H4 and H1 charts? Where do you usually set your initial TP? Also, what time do you usually trade? Last week, I got +186 pips on my demo account because of your help, just taking H1 TMS - STEEP TDI ANGLES. But yesterday, I lost confidence and took only almost 3pips. Because I kept thinking of Support and resistance, kept looking at the 30m chart with only Japanese candlesticks on my mobile. After closing, it went down to 48pips. {image}
For me, I set my stop losses at 100 pips on the 4H. You need to give your trades room to breathe. If you put small stop losses on the 4H chart like 30 or so pips you'll chop your account to bits. I promise you.
Eelfranz didn't trade with stop losses most of the time. I'm not a fan of stop loss trading either but with all the Chinese rubbish going on last month and selling off etc. who knows what's around the corner so I've been using a 100 pip stop loss just to be safe.

By the way, beautiful work man. See how easy it is when you don't add addtional indicators and "fluff"? I want to hear more about your good trades dude!

Quoting Scrambleguy
{quote} ​Hi Dimi, Do you find the 4hr has more momentum to push through any sr than the 1hr if they both have the same angle? Also is it necessary to make sure the TDI is going in the same direction on 1hr and 4hr to get a better outcome?
Hey Scrambles,

As you know, the 4H TDI is strong. If it's pointing on a steep angle near support and resistance there's a huge chance price will push right through it.
But with the 1H, it's not so the case! Especially if it's against major Monthly, Weekly or Daily support and resistance it can bounce and go back in the 4H TDI's direction. So the trick with trading the 1H TDI is to take the trade even if the 4H is pointing the opposite direction just make sure when trading the 1H chart near major support and resistance that your TDI is steep and once you're in profit by 20-30 pips you pull your stop loss up and lock that profit in or you will probably lose it. Don't try and squeeze hundreds of pips out of the 1H timeframe because it's not guaranteed. Take what you can if you're trading the 1H and put that small profit in your pocket by locking it in.

With the 4H TDI you can negotiate a lot more and you can expect a lot more pips from the 4H TDI crosses. For me, I'm conservative with the 4H because I like to fill my wheelbarrow up with pips and keep them so when I'm in profit by +50 pips I'll lock that in and whatever else is extra is a bonus.

Quoting catalin_eros
{quote} Hey, buddy! Thanks for the answer! But what about the H1? Do you also expect the APBs to have power to blow right through the S/R? Or that is only valid for H4? Also, do you ever use R:R? Or you just exit based on the original method (TDI)?
Hey bro, check out response up above. The 1H APB's will respect major support and resistance. So just be careful and lock in the profit by dragging your stop loss up if you're playing close to major support and resistance.

TMS trade examples
I took these two at the start of yesterday's New York session EURCAD +58 pips TDI "bounce" trade and GBPCAD +55 pips (I pulled my stop loss up to lock in +50 pips profit in case price action fizzles out). As you can see our TDI was strong then price bars went sour on EURCAD and lost momentum after around 60 pips so i closed both trades. Even though they weren't spectacular results we still walked away with over +100 pips from two mediocre trades because the 4H TDI's were nice and strong!
(Examples below are an animated GIFS if you click on the pics).
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