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Trading Made Simple for Day Charts

  • #2,301
  • Jan 21, 2016 1:13am Jan 21, 2016 1:13am
Quoting Candle-
{quote} Hi, upps.. im meant Entry not Exit on 6:30am. Sorry... (fixed it). = / You find the Exitrules in the original thread. Sure there are alternatives but you have to make your own way. But you're just a little as I ready for it. First Step is master the orignal TMS. (My way to) Get a collegeblock ore Word, read the TMS-Thread, wrote the essence of it down, stay at the orignal System without "optimize" it. Make a notice which characteristics has to be complied. Then trade in the LFH Simulator and record it in Excel with a snapshot (Snippingtool)....
At the moment i'm reading the original TMS thread and this one, making notes etc. Yes optimizing is a trap i fell in several times, kept getting more and more indicators on the screen... Now i'm studying heikenashi, some MA's (for the trend) and TDI.
Yesterday, reading the thread i read that my question about entry time was asked before so i'll be more careful asking things that have been answered before.

Thanks and best wishes to you too

KohaiNL
  • #2,302
  • Jan 22, 2016 3:53am Jan 22, 2016 3:53am
Quoting Profanas
guys what pairs your traiding with, can we try all ~28 (roboforex) ?
Hello!

Trading D1 allows you to scan through multiple pairs, indeed, because you only have to do it once a day. But just as Deichkind says, you have to be selective and chose the best pairs. And keep in mind that some pairs are strongly correlated, so you can cut down on 28 pairs, since there is no point in opening the same trade in two different pairs. At least in my book.

Happy trading!
  • #2,303
  • Jan 22, 2016 4:09am Jan 22, 2016 4:09am
I didn't have time to post it, but here is my GA trade. GA is in a channel, so I went confidently with my short trade. It moved against me at first, but since my SL was on the other side of the channel, I was safe. My initial TP was at the bottom of the channel, but afterwards I decided to exit with over 130 pips profit, and continue to look for shorts on the LTFs, since the area where I exited, proved to be important in the past.
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  • #2,304
  • Jan 22, 2016 4:50am Jan 22, 2016 4:50am
Hi Catalin_eros, haven't you thought about putting a 60 moving average ? That would give you a better perspective of the main direction. I mean the monthly direction which is the real direction...putting a RSi would be good no?
“Stops don’t limit profits — they prevent disasters.”
  • #2,305
  • Jan 22, 2016 5:03am Jan 22, 2016 5:03am
Hi guys, i have a question for you all! Im trying to use a rotational hedging strategy that someone uploaded in another thread to the daily TMS system. The guy who uploaded the strategy Said that he was doing it for seven years, is there any interested on it?you can look for it or i can uploaded again and we can work con it.
“Stops don’t limit profits — they prevent disasters.”
  • #2,306
  • Jan 22, 2016 11:15am Jan 22, 2016 11:15am
Quoting Dagaco
Hi Catalin_eros, haven't you thought about putting a 60 moving average ? That would give you a better perspective of the main direction. I mean the monthly direction which is the real direction...putting a RSi would be good no?
Hello, Dagaco!

Well, I am trying to not stray away from the original method. I could use a 60 ema, I could also use a 50 and a 200 ema for direction. I could also use the guppies for direction... But as I said, the original method only has the APBs, the TDi, stochastics and the 5 ema, typical, shifted +3. At the moment, I feel comfortable leaving it just the way it was designed by Big E. If it ain't broken, don't fix it.

But I see your point. In the TMS thread there are a lot of traders using the 10, the 50, the 200. In that thread I have the guppies on one of my templates, just as SnarlyJack traded. So if the 60 ema is giving you an edge, then by all means, use it. The main focus is to make pips. I remember that X-man was using it on his thread.

By the way, the TDI is RSI. It just has a MA on it.

As for your hedging question, are you referring to Neo's thread?
  • #2,307
  • Jan 22, 2016 12:41pm Jan 22, 2016 12:41pm
Thanks for your efforts Catalin_eros, it is true there is a RSI , i didn´t realize , the question about the hedging is that what do you think about doing rotational hedging, this guy was dare123. Do you think it is posible to do it whit TMS daily?
Attached File(s)
File Type: pdf hm_rotational.pdf   129 KB | 561 downloads
“Stops don’t limit profits — they prevent disasters.”
  • #2,308
  • Jan 23, 2016 2:29am Jan 23, 2016 2:29am
Quoting Dagaco
Thanks for your efforts Catalin_eros, it is true there is a RSI , i didnt realize , the question about the hedging is that what do you think about doing rotational hedging, this guy was dare123. Do you think it is posible to do it whit TMS daily? {image}
I do not know what to say... It is a variation of martingale. What do you do if you think the market will still be trending this day, but after you enter, it starts ranging? You never know when the trend is over and consolidation begins. But you can test it on demo and see if it works. And I did not understand after the 4 series of 3 lots are exhausted, what happens? If you are still in a loss, do you quit for the day? Or go to 4 series of 4 lots? Martingale is mesmerizing, but it is dangerous.

I remember when I was fairly new to TMS, there was a guy who wanted to try martingale. And I remember replying to his post: http://www.forexfactory.com/showthre...05#post8567005
So if you keep adding to position, eventually the market will slam you to the ground. Unless you have a limit, so you stop after that 4 series of 3 lots, for example.

So only you can answer to your question, by demoing this method.

Trade safe, Dagaco!
  • #2,309
  • Jan 23, 2016 3:23am Jan 23, 2016 3:23am
Yes Catalin_eros, i m aware of those things that you are saying. I m just trying to figure out how this guy was earning money with this strategy for seven years, and i dont think he was lieing, at least i wouldnt do it ..may be ill try in demo setting it with emergency stops, im just trying to open my mind to new ways of manage my open trades .there is another man calles nunningbob who doesnt use stop loss and he earn a lot doing it for years of course without leverage and cutting loss if neccesary..thanks for answering so fast Catalin_eros.
“Stops don’t limit profits — they prevent disasters.”
  • #2,310
  • Jan 25, 2016 2:36am Jan 25, 2016 2:36am
By the way, where is britpip7??? ... I miss readind his post...
“Stops don’t limit profits — they prevent disasters.”
  • #2,311
  • Jan 29, 2016 2:35am Jan 29, 2016 2:35am
Hello, guys!

I took two trades this week.

I took a loss on EG, I went short, -80 pips. My entry was done one candle late. I thought the bears would take control, based on the 2b formation. Also, I think my SL was too tight, and I should have used the swing, and manage the trade afterwards.
EDIT: If I remember correctly, I did use the swing, and then minimized the risk after the IB. I got taken out. I need to keep a journal or something.
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Luckily, my other trade went well. I went long on GJ, hammer at support, BUEB pattern, +470 pips.
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I hope your trades went well also.
Wishing everyone a great weekend!
  • #2,312
  • Jan 29, 2016 2:48am Jan 29, 2016 2:48am
Hi catalin,

nice bounce-trade on GJ! In EG it is like you say before it was 1 candle to late to entry. Next Week I will be back at my TradingDesk, Summerholiday and Christmas/January I don't trade so far.

Hope for us all many green pips

best regards

Thorsten
  • #2,313
  • Feb 2, 2016 4:17pm Feb 2, 2016 4:17pm
Hi,

I've got 3 Setups today at midnight, AUDUSD, AUDJPY and EURAUD, nice crosses, good candle and some room to go, also 2nd candle...

regards

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  • #2,314
  • Feb 2, 2016 4:29pm Feb 2, 2016 4:29pm
Quoting Deichkind
Hi, I've got 3 Setups today at midnight, AUDUSD, AUDJPY and EURAUD, nice crosses, good candle and some room to go, also 2nd candle... regards {image} {image} {image}
Hey Deich,

Looks good !

Are you planning to add positions or are you how exactly are you managing your trades?

Best,
  • #2,315
  • Feb 2, 2016 5:14pm Feb 2, 2016 5:14pm
Quoting Deichkind
Hi, I've got 3 Setups today at midnight, AUDUSD, AUDJPY and EURAUD, nice crosses, good candle and some room to go, also 2nd candle... regards {image} {image} {image}
The crosses are decent but keep in mind they are all near the 50 range which means that they are not really overbought or oversold at this point. Normally we look for crosses coming from closer to the 32 and 68 levels.
  • #2,316
  • Feb 3, 2016 12:31am Feb 3, 2016 12:31am
Quoting mess7777
{quote} The crosses are decent but keep in mind they are all near the 50 range which means that they are not really overbought or oversold at this point. Normally we look for crosses coming from closer to the 32 and 68 levels.
After such long trend-runs TDI might do not come back to the os/ob-zone, surely os/ob would be better to entry, I'm with you...

regards
  • #2,317
  • Feb 3, 2016 3:57am Feb 3, 2016 3:57am
Quoting Deichkind
Hi, I've got 3 Setups today at midnight, AUDUSD, AUDJPY and EURAUD, nice crosses, good candle and some room to go, also 2nd candle... regards {image} {image} {image}
Good Morning Thorsten,

i hope you trades run smoothly.

I dont enter the trade because:
A/U Ressistance in the Daily
A/J TDI Cross long in weekly
E/A TDI cross short in weekly


Therefore i got a short Trade in the USD/JPY
Because:
steep Cross Daily
Big first candle
Big Support in Daily and weekly
Stochastic confirmation Daily
TDI Weekly looks down
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Hope our trades went well.


Best wishes
"Repetition is the mother of skill"
  • #2,318
  • Feb 3, 2016 6:25am Feb 3, 2016 6:25am
Hi Candle,

a good setup but I didn't see a cross in USDJPY on your daily-chart, only nearby.

My trades doesn't run very good, will see at the end of the day what happens on TDI...

@tibovwh: I don't plan to add in the trades, I only trade with one trade per pair

regards
  • #2,319
  • Feb 3, 2016 6:52am Feb 3, 2016 6:52am
Quoting Deichkind
Hi Candle, a good setup but I didn't see a cross in USDJPY on your daily-chart, only nearby. My trades doesn't run very good, will see at the end of the day what happens on TDI... @tibovwh: I don't plan to add in the trades, I only trade with one trade per pair regards

Hi,

there was a cross in the morning at my Entry. It moves a little bit back.

best wishes
"Repetition is the mother of skill"
  • #2,320
  • Feb 4, 2016 2:12am Feb 4, 2016 2:12am
Quoting Candle-
{quote} Good Morning Thorsten, i hope you trades run smoothly. I dont enter the trade because: A/U Ressistance in the Daily A/J TDI Cross long in weekly E/A TDI cross short in weekly Therefore i got a short Trade in the USD/JPY Because: steep Cross Daily Big first candle Big Support in Daily and weekly Stochastic confirmation Daily TDI Weekly looks down {image} {image} Hope our trades went well. Best wishes
Good Morning,

Yesterday i thought "ok it will stop at the big Ressistance, thats my Exit" And it does.
But i decided to go out at the next day (Today) justified with the Big Pullback after the hit of the R. I took the Exit with +185Pip.
Normally i wait for TDI-Flattening ore hook.
But there was a lot of momentum so i thought it dont fell more and that the market is overstretched.
Dont know if i handle it right. Maybe someone can make a opinion for those extreme-situations.
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Best wishes
"Repetition is the mother of skill"
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