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Trading Made Simple

  • #65,761
  • Feb 13, 2016 9:36pm Feb 13, 2016 9:36pm
Quoting pete.alfa
{quote} Thank you Emmanuel That was my mistake - studied studied & studied more than trading. Now I concentrate on live trade will post some chart and there will be more questions to come. Thank you for look after us

hi pete,

perhaps I did not write clearly and some people got my message the wrong way.

I did not mean you should not read those pdfs. There are lots of other pdfs too. The pdf on Big E posts and comments are far more important.
we must first appreciate that there are members who spent time and effort in putting together summary of other members posts into pdf files to help others in this thread. we should value their contributions and be grateful that they did their part in contribution to this learning community.

What is more important is we "practice, practice , practice" ... these are the exact word of Big E Post#2151. Follow what Big E shared here in FF.
The same I repeated many times in this thread, also in X-Man H1 thread and LE1' M15 thread.
I also emphasize that wee need to do Deep Practice and that 10,000 hours of practice. Daniel Colye "The Talent Code".

Not everyone believe in this 10,000 Hours Rule. Some can do it in fewer hours, some need more than 10,000 hours. I am one who achieved that 10,000 hours over 5 years. Just google '10,000 hours' , 'The Talent Code', 'Daniel Coyle', etc. and you will find some good reading material. Also if you search this thread, you will also find some previous posts.

trading is a skill based activity. spot forex trading it is very tough business.
we can learn from some very good people and traders here in FF.

read this recent post by pipsninja.
http://www.forexfactory.com/showthre...40#post8751640
look at his recent trade account equity and you can see he is a disciplined trader.


kind regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,762
  • Feb 13, 2016 11:25pm Feb 13, 2016 11:25pm
Quoting emmanuel7788
{quote} hi kevin, I will reply you later today as need to see my live trade chart but I have no access to my remote VPS now. My VPS trading server is now under weekend maintenance and will not be available till 8pm my local time. you may recall my trade plan for AJ is from 8 Feb to 19 Feb ( 2 weeks) and I still have my trades open when New York closed last Friday. If you have started your trades on 8 Feb like I did, you will have some banked in profits. My banked in profits is more than sufficient to cover my exposure of the 5 open trades which...
Hi Emma,
i am very glad to see your prompt reply of my question.
1、yes, i started trades on 8 Feb and banked some profit (demo). After crazy run of AJ short On Feb 11 , i think that might be MBR candle and price will be in consodalition for few days. but when trading MEME, it seem that we just re-open order as soon as old orders closed so i didn`t consider more but re-opened new one as you did.
2、 I use a "lot size calculater" indi to calculate position size: balance 10000, 0.2% risk each order, 50% of 100ADR, and fix my position size to 0.03 per lot for AJ. i dnot know if it is correct method to calculate but no idea about other way.
3、I use "average order" indi to show the average price as average entry price, but it can only calculate fix size positions .
4 I use MPBM EA to manage orders and set SL to 400*number of orders as HARD SL; 100*number of orders as TP. i did not set CUT LOSS SL but i know that i have to close orders if price touch 2-days back high.
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  • #65,763
  • Feb 13, 2016 11:28pm Feb 13, 2016 11:28pm
Back-testing during the weekends, TMS traders , u need to do this first, and foremost , ur first goal is to understand TMS, u will understand this by doing 100s of hours of back-testing and forward testing
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I Have Learned to Take Some Losses to Make Profits
  • #65,764
  • Feb 14, 2016 12:42am Feb 14, 2016 12:42am
Quoting Bernardi
I just got confused about the different TDI Indicators, I am currently using the Synergy_Pro_TDI. Is there a `right` version of the indicator that we should use for the TMS? What are the Pros and Cons or the different use of the Version that moves with every tick and the one that updates when the next candle is opening?
Hi Bernardi,

the best way is you test every version you have and analyse the TDI behaviour.

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy HA candles and use that TDI Red Green version all these in Post#25.
Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

The Synergy_Pro TDi has a different setting for the RSI period and price type.

You can run MT4 Strategy Tester and compare the TDI versions.
see below

first set up your TMS chart with the TDI Red Green and save that as template with name = "tester".
MT4 strategy tester will load this template when it starts
then select in your test the Indicator ... TDI_RT.

run the test for any timeframe, and data selected period.

observe the TDI how each of the Green reacts to the actual price bar action.


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Have Fun.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,765
  • Feb 14, 2016 1:42am Feb 14, 2016 1:42am
Quoting kevinfeng
{quote} Hi Emma, i am very glad to see your prompt reply of my question. 1、yes, i started trades on 8 Feb and banked some profit (demo). After crazy run of AJ short On Feb 11 , i think that might be MBR candle and price will be in consodalition for few days. but when trading MEME, it seem that we just re-open order as soon as old orders closed so i didn`t consider more but re-opened new one as you did. 2、 I use a "lot size calculater" indi to calculate position size: balance 10000, 0.2% risk each order, 50% of 100ADR, and fix my position...

there is a script to draw the open trades on your chart,

goto this post link:
http://www.forexfactory.com/showthre...23#post7224523

I see you got the MPBM running...
learn how that EA trade manager works and 'tame' that monster. it's a very good tool and you can also learn from the coding structure.

continue with demo until you master this MM strategy. I did demo for 18 months and lost count of the number of trades I did. Maybe 50,000 trades because I ran demo with 10 currency pairs to fast track my learning in shorter time otherwise that could have taken me 10 years. being a slow learner.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,766
  • Feb 14, 2016 5:42am Feb 14, 2016 5:42am
Quoting mehdi343
Hello, I read this thread until page 50 in this weekend . I am going to test this method next week. I just want to make sure if my check list is right or I need to add something more. I prefer 4H .Thanks in advance. 1- Check daily news and time ( prefer to close before US open time) 2- Check TDI for cross 3) check the angles of green line ( 12-2, BUY & 4-6 SELL) 4) Check TDI not in 68 for BUY and 32 for SELL 5) Check the size of past candle -color of candle- #1 or #2 candles 6)Not open near S/R and pivot lines 7) check past swings : ( not in the...
hi,

perhaps these can help you structure your checklist.

Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.
TMS 5-Method Basic Rules: Post#53,841

post a chart and we can discuss what you see.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,767
  • Feb 14, 2016 9:57am Feb 14, 2016 9:57am
Quoting TheScorpS
Back-testing during the weekends, TMS traders , u need to do this first, and foremost , ur first goal is to understand TMS, u will understand this by doing 100s of hours of back-testing and forward testing {image}
Hi TheSorpD, how do you back-Test it? do you use ForexTester or MT4?
Enter Signature
  • #65,768
  • Feb 14, 2016 10:09am Feb 14, 2016 10:09am
Big Emma:


Why SMART Cut-loss is a region instead of a line? Would you kindly share with us on how to calculate that region using market volatility? When I use what you have taught us that 100-days ADR to determine the market volatility and 2*ADR to determine the initial SL.

It's 121.7 (100 days) for AUDJPY. So, the calculation would be 79.152 (your average price) + 2.434 (243.4 pip =2*ADR) = 81.586 , that's within your cut loss region(between 81.37 and 82.10) .


Is it fine, if we just use 2*ADR(100 days) for cut loss ?


regards,
  • #65,769
  • Feb 14, 2016 10:18am Feb 14, 2016 10:18am
Quoting Katfx
{quote} Hi TheSorpD, how do you back-Test it? do you use ForexTester or MT4?
I use Forex Tester 2, as this is a paid software I dont think am allowed here to go into details about it , so rather use google to do more in-depth study
I Have Learned to Take Some Losses to Make Profits
  • #65,770
  • Feb 14, 2016 12:40pm Feb 14, 2016 12:40pm
hello,

can someone tell me, how to early spots this false TDI signals.

becuause that is mine biggest problem with this system, not able to see when it is a valid TDI entry, en when not.

thank you.
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  • #65,771
  • Feb 14, 2016 1:41pm Feb 14, 2016 1:41pm
Quoting TheScorpS
Back-testing during the weekends, TMS traders , u need to do this first, and foremost , ur first goal is to understand TMS, u will understand this by doing 100s of hours of back-testing and forward testing {image}
I had just started the last week with forward testing on Traders gym on my trade interceptor app. This is what I needed and found out that the Eur/USD and me get along really well. I have been watching you and Dimi.A and Emmanuel and all I can say is I will be with you soon. Another thing I noticed is that the 8,3,3 stochastics are telling me more about when to exit faster than the TDI as it usually hooks first.
  • #65,772
  • Feb 14, 2016 2:03pm Feb 14, 2016 2:03pm
Quoting emmanuel7788
{quote} hi kevin, I will reply you later today as need to see my live trade chart but I have no access to my remote VPS now. My VPS trading server is now under weekend maintenance and will not be available till 8pm my local time. you may recall my trade plan for AJ is from 8 Feb to 19 Feb ( 2 weeks) and I still have my trades open when New York closed last Friday. If you have started your trades on 8 Feb like I did, you will have some banked in profits. My banked in profits is more than sufficient to cover my exposure of the 5 open trades which...
Hi Emmanuel, thank you so much for your generous contributions.

I studied your AJ charts, could you care to explain a little bit more?

1.you enter a trade as soon as you spot an opportunity (first position with 400 pips Hard SL et 100pips TP), right?
2. No position will be added if the TP is not hit. If it is, re-open immediately a new position( with same SL & TP) and get ready to add on more positions.
3. if price retraces 0.5 ATR, you add one position; if price further retraces , you add more positions. (another question: how do you calculate your retrace, from the close price or lowest price of previous day, or from any moment inside that day?; and how do you set those SL and TP? I can't quite understand all your marks on the chart, it seems to me that some positions have smaller TP )
4. You stop adding positions when it reaches your risk exposure, or price stops at major resistance or any sign of consolidation?
  • #65,773
  • Feb 14, 2016 2:25pm Feb 14, 2016 2:25pm
Quoting ruben7222
hello, can someone tell me, how to early spots this false TDI signals. becuause that is mine biggest problem with this system, not able to see when it is a valid TDI entry, en when not. thank you. {image}
The TDI is not a holy grail, don't trade blindly. If the market is in consolidation, it doesn't work.

What is consolidation?

after a big move, the price moves slower, or goes sideways. how do we know? Look at higher TF charts, you will find small daily and even weekly bars. and MA lines are getting flat.
  • #65,774
  • Edited 6:24pm Feb 14, 2016 5:46pm | Edited 6:24pm
Quoting emmanuel7788
{quote} hi pete, perhaps I did not write clearly and some people got my message the wrong way. I did not mean you should not read those pdfs. There are lots of other pdfs too. The pdf on Big E posts and comments are far more important. we must first appreciate that there are members who spent time and effort in putting together summary of other members posts into pdf files to help others in this thread. we should value their contributions and be grateful that they did their part in contribution to this learning community. What is more important...
Thanks Emmanuel I aslo would like to thank TheScorpS,lastingwell,omnoshi, tibovwh, meihk, dimi, phx and many others in this thread.
Yes, I will practice, practice & practice. I do believe in 10,000hrs rules I think I've done that in my study but I'm lacking of practising.
From now on practice, practice & practice.

Best regards,
  • #65,775
  • Feb 14, 2016 7:16pm Feb 14, 2016 7:16pm
Quoting kevinfeng
{quote} EMMA, Hi, thank you for your posts about AUDJPY which taught me how to trade MEME step by step. this is really helpful for me to understand MEME trading method. i also trade AJ PAIR with DEMO account last week. on thursday there is huge pullback on D TF as USDJPY pair which mean high possiblity to be in consolidation in few days. but my problem is i have opened 5 MEME orders during Thursday pullback and Friday, how can i handle those orders? in simple words， if you alrealdy open several positions with MEME before the price go into...

Hi Kevin,

now with market re-open, I can see my AJ chart.

we both have 5 open trades and we are still good below the cut-loss levels.

I will wait and see what happens today's Asia market morning session.
I will check again tomorrow to see if the D1 TDI condition. If D1 TDI cross up, then ther is trade setup invalidation and I plan to exit all open trades.
If not, then I remain and hold my 5 open trades.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,776
  • Feb 14, 2016 7:27pm Feb 14, 2016 7:27pm
Quoting mousteven
Big Emma: Why SMART Cut-loss is a region instead of a line? Would you kindly share with us on how to calculate that region using market volatility? When I use what you have taught us that 100-days ADR to determine the market volatility and 2*ADR to determine the initial SL. It's 121.7 (100 days) for AUDJPY. So, the calculation would be 79.152 (your average price) + 2.434 (243.4 pip =2*ADR) = 81.586 , that's within your cut loss region(between 81.37 and 82.10) . Is it fine, if we just use 2*ADR(100 days) for cut loss ? regards,

Hi Steven,

Experience price action traders will not need to use this SMART Cut-Loss. They look at price action and support and resistance all the time.
Support and Resistance is not a single line or price levels. S&R are an area or region of price where they will look at the price action.

This SMART CutLoss was developed to assist 'lazy' traders who wants the system to tell them what to do.
There are two price levels to define the region where traders will look at the price action then make decision.
Remember, this is EOD trading, so we wait for each day bar/candle to close and after that we make our trade management decision.

You are correct that those cutloss levels are based on market volatility. There are several type of volatility bands or channels which traders can use.
We had some discussion in this thread back in 2013 but only a few members were keen to discuss further. Then on, a few of the active TMS traders took that discussion offline and developed the cutloss tool which is based on an existing proprietary stock trading system. For those who knows and trade with Darvas Box theory, this would be easy.

I will PM you more on this subject later this week.

regards,


EOD=Eod Of Day
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,777
  • Feb 14, 2016 7:28pm Feb 14, 2016 7:28pm
Quoting pete.alfa
{quote} Thanks Emmanuel I aslo would like to thank TheScorpS,lastingwell,omnoshi, tibovwh, meihk, dimi, phx and many others in this thread. Yes, I will practice, practice & practice. I do believe in 10,000hrs rules I think I've done that in my study but I'm lacking of practising. From now on practice, practice & practice. Best regards,

... very good and you will reach that Deep Practice stage soon.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,778
  • Feb 14, 2016 7:34pm Feb 14, 2016 7:34pm
Quoting verglas
{quote} Hi Emmanuel, thank you so much for your generous contributions. I studied your AJ charts, could you care to explain a little bit more? 1.you enter a trade as soon as you spot an opportunity (first position with 400 pips Hard SL et 100pips TP), right? 2. No position will be added if the TP is not hit. If it is, re-open immediately a new position( with same SL & TP) and get ready to add on more positions. 3. if price retraces 0.5 ATR, you add one position; if price further retraces , you add more positions. (another question: how do you calculate...

Hi verglas,

ok, I think I need to find time and put somethings into a pdf and explain this 'complex' money management strategy.
if I answer your questions now, some traders will take them as general rules which can be dangerously wrong.
There are different scenarios and in this AJ example, it is just one scenario and traders must know what the market condition for this AJ pair when they do their trade planning. Most JPY pairs have same market condition but the GBP cross pairs are very different.

please wait few days.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,779
  • Feb 14, 2016 7:40pm Feb 14, 2016 7:40pm
Quoting ruben7222
hello, can someone tell me, how to early spots this false TDI signals. becuause that is mine biggest problem with this system, not able to see when it is a valid TDI entry, en when not. thank you. {image}

Hi ruben,

it is my lunch hour and the kiddos are outside playing so I have time and try to help you.

when we want to take any TDI trade, we must check first the PA and also know where support and resistance are on our trading chart. We also need to know if we are in short term uptrend or downtrend and also the long term uptrend or downtrend. In absence of a clear trend , we simply do no t trade and go look for another pair.

below some comments on your charts posted earlier.
Attached Image (click to enlarge)
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regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,780
  • Feb 14, 2016 11:25pm Feb 14, 2016 11:25pm
EURNZD H4 15 Feb

This current H4 will close in about 35 mins,
do you sell?

Attached Image (click to enlarge)
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TMS Monitor http://www.forexfactory.com/showthre...95#post8753695
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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