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Trading Made Simple

  • #66,301
  • Edited 5:55pm Feb 28, 2016 2:46pm | Edited 5:55pm
Gotta love the lap!

+122 pips
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It's not over, until I win.
  • #66,302
  • Feb 28, 2016 4:15pm Feb 28, 2016 4:15pm
Hi TMS freinds

My thinking process in Ucad beginning of initial first entry ME/ME
1. Daily chart - price would pullback around 1.36380 & continue down to TP1 1.34600 only problem with TDI is around 32
2. H4 - wait for price pullback TDI cross at 68 to enter with good PA

Please correct me if I'm wrong

Best regards
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  • #66,303
  • Feb 28, 2016 4:36pm Feb 28, 2016 4:36pm
Quoting pete.alfa
Hi TMS freinds My thinking process in Ucad beginning of initial first entry ME/ME 1. Daily chart - price would pullback around 1.36380 & continue down to TP1 1.34600 only problem with TDI is around 32 2. H4 - wait for price pullback TDI cross at 68 to enter with good PA Please correct me if I'm wrong Best regards {image}
Hi

​
I am still learning but my view is that it will rise higher than your projected point - to the top (angled) level of your wedge on daily - at around 1.36850. Then if it doesn't break that it'll continue 1.3400. If it retraces to either of our proposed pullback points then the TDI will no longer be near 32 and we'll be golden for a trade That might be for a few days yet though.
Additional BPP suggests that we have no major areas of support below us with the exception of a level from Sept 15 that bounced then took most of Nov to break. I'd be interested to hear any Masters' view on this area.
  • #66,304
  • Feb 28, 2016 4:58pm Feb 28, 2016 4:58pm
Quoting MaxZen
{quote}Hi ​ I am still learning but my view is that it will rise higher than your projected point - to the top (angled) level of your wedge on daily - at around 1.36850. Then if it doesn't break that it'll continue 1.3400. If it retraces to either of our proposed pullback points then the TDI will no longer be near 32 and we'll be golden for a trade That might be for a few days yet though. Additional BPP suggests that we have no major areas of support below us with the exception of a level from Sept 15 that bounced then took most of Nov...
Thanks MaxZen very good point let wait for a good hunting
  • #66,305
  • Feb 28, 2016 5:47pm Feb 28, 2016 5:47pm
Hi Folks,

We are in the last trading day for Feb 2016 and today happens only once every 4 years.

Just to remind everyone, TMS 5-METHOD is a trend following trading method and it will work best when there is market volatility. How you determine the market trend and the market volatility is important.

The next important thing you need to work on and decide is your money management strategy which must include how you do your risk management. Do you trade with the same risk all the time? When do you reduce your risk% per trade? When do you increase your risk% per trade? Your objective is to grow your trading account and that will work when you have a proven money management strategy to go with TMS 5-METHOD.

Start looking at the market using the Day chart timeframe and you will have more winners than losers.

There are several pairs which show potential to go into a volatility SELL zone and what I define as the RUN phase for ME/ME trading.

Look at this chart below and use that as example how to spot the other currency pairs which may give us some good trades next month.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,306
  • Feb 28, 2016 6:13pm Feb 28, 2016 6:13pm
Quoting emmanuel7788
Hi Folks, We are in the last trading day for Feb 2016 and today happens only once every 4 years. Just to remind everyone, TMS 5-METHOD is a trend following trading method and it will work best when there is market volatility. How you determine the market trend and the market volatility is important. The next important thing you need to work on and decide is your money management strategy which must include how you do your risk management. Do you trade with the same risk all the time? When do you reduce your risk% per trade? When do you increase...
Interesting. Applying a channel to GA suggests that we wait for a retrace back to the centre line, then look for 5 method signals with the potential of a maximum of 1,000 pips down.
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​
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  • #66,307
  • Feb 28, 2016 8:18pm Feb 28, 2016 8:18pm
TMS Monitor 29 Feb:

This example how I use the TMS Monitor to help me and I don't have to look at all my trading charts so often... just once when Day open, then every 4 hours when I see opportunity during the day.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,308
  • Feb 28, 2016 8:47pm Feb 28, 2016 8:47pm
Quoting Next4467
{quote} Hi emmanuel7788, I have a question that has most likely been answered before but i can't recall it, i recently changed from H1 to H4 charts and simplified everything, I'm looking to use the old TDI red green as I only look at the charts once every 4 hours (due to working). My question is if i do manual back testing using F12 will I get a true representation of the TDI or should i use a different TDI for back testing? thanks.

Hi,

when you use the TDI Red Green version and do your manual back-testing this way by using the F12 (Step-by_Step) what you are seeing is the TDI being refreshed in your history chart and the TDI Green line have been re-painted. This means you do not see the actual TDI Green line angle in realtime.
There is an 'error' in the TDI Red Green coding, but we do not know if that was intended to be that way. But if you look at the later newer versions released by the original creator of the TDI, the coding had been 'corrected'.

But if you use the TDI_RT version you will not have this problem because what you see is what you get both in history and in realtime mode.
The latest Synergy_Pro_TDI is also realtime and does not repaint. But this version has different RSI period set to 10, and the PL Green line is period 3 and not 2.

Pick the version you want to use and run your indicator tests and decide which version you want to use in live trading. Then you write your entry and exit rules based on the version you chose.

If you want to trade exactly like Big E following what he described in Post#1, then use the version TDI Red Green and that template in Post#25. But you will find very few re-entry opportunities (TDI bounce setup) after you exited your trade based on his TDI exit rules and the trend will run without you.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,309
  • Feb 28, 2016 9:33pm Feb 28, 2016 9:33pm
Quoting Mbt
Hello I'm still new to this thread. I've started trading the more agressive way like Big E did and made some good trades. A learnt a lot about the main indicator the tdi. But i want to learn more about the conservative way of trading this method, so I looked into the Big Picture Plan Pdf's and the candle stick patterns. I would like to share my analysis of GBP/JPY and I hope for some good advices from the more experienced traders. I've started with the monthly and weekly chart and marked Support and Restistance Levels.(purple are monthly,yellow...
Hi, I noticed that you read your price action with HA candles. To get accurate PA's, we should analyse our BPP based on Japanese Candlestick to get the real PA.
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  • #66,310
  • Feb 28, 2016 9:45pm Feb 28, 2016 9:45pm
Quoting mokuro89
Hi emmanuel, on your ME/ME trades your SL's from M15 orders goes behind D1 setup candle low/high? Thanks

Hi,

I am not clear about your question and what you mean.
if you are referring to one of my post chart, you need to quote that post.
Thanks.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,311
  • Feb 28, 2016 9:53pm Feb 28, 2016 9:53pm
Quoting Pipb0y
Pardon my French but I've done some reading on this thread and searching, but I couldn't find someone implementing an indicator that would confirm an entry that wouldn't be a fake out. With the TDI at one extreme and stochastic conforming, I've seen several instances of the trend continuing for many candles after it which would almost immediately stop you out. I know TDI is an oscillator but I've seen it riding one extreme for way too many candles for me to trust it. I just need to demo trade it some, but as Big E said, you gain confidence from...

Well, when you look at just one timeframe and the oscillator is in the extreme over bought / over sold region, you are only seeing what happened in the number of past candles. If the default of the RSI is 14 period, then what you see is only based on the past 14 candles of that chart. If you want to see what happened to more candles, why not set another RSI set to period 50. Does the RSI still show the extreme region?

there is no way you can avoid any fake out in the chart timeframe you trade. This is impossible especially whe you trade H1 and below. Even on H4, you get 'fake out' situations. To minimise these 'fake out' setup, look at the next higher timeframe and know what the market volatility is at certain times of the day.

Trade the D chart TF, you don;t get fake out even on days when there are tier one type date release, GDP, PMO, Retail sales, NFP etc. these do not reverse the direction so easily.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,312
  • Feb 28, 2016 9:58pm Feb 28, 2016 9:58pm
AUDJPY H4
Nicely ranging, entered at candle #2
Now +70 pips.... what shall I do with SL? Moved it to BE - okay?
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Best regards, blackfriday
  • #66,313
  • Feb 28, 2016 10:18pm Feb 28, 2016 10:18pm
Quoting emmanuel7788
Took some losses this week and there was no time for recovery as I have to close all open positions so that my broker can change my account type leverage migrate my account to another server in time for next month's business. Will be joining a MAM group starting March... Week 02 to 08 ( Jan 11 to Feb 26) Winning trades : 298 Losing trades : 64 Total Win pips : 33,279 pips Average Win Pips : 117 pips Average Win Amount: $421.06 Average Lot Size : 0.9 std. Average duration of trade : 4Days 23Hours {image} Last week's results: http://www.forexfactory.com/showthre...63#post8764363...
Shooting for the stars! Awesome! Do provide information on the MAM when its sorted boss! Hope us little timers can get a piece of the pie too Hope you are keeping well!

Zz
  • #66,314
  • Feb 28, 2016 10:19pm Feb 28, 2016 10:19pm
Quoting tibovwh
{quote} Glad you like it. If you have suggestions of things to include / change you can always PM me
Thanks for this tibov!! A goldmine!

Zz
  • #66,315
  • Feb 28, 2016 10:35pm Feb 28, 2016 10:35pm
Quoting blackfriday
AUDJPY H4 Nicely ranging, entered at candle #2 Now +70 pips.... what shall I do with SL? Moved it to BE - okay? {image}

there is very good potential in this pair.
once the market breaks out of the MN consolidation range,
and Weekly has an Inside Bar break out,
we are in good business in the days ahead.
as for today and this week 4H swing, we target the average weekly range of between 220 and 290 pips.

we must keep our ears on the ground - if and when BoJ will act on the strong JPY. Ask your friends in Tokyo to lookout and when they see Abe, Aso and Kuroda goes for sushi lunch together this week.

http://www.marketwatch.com/story/ban...tes-2016-02-28
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,316
  • Edited Feb 29, 2016 12:15am Feb 28, 2016 11:19pm | Edited Feb 29, 2016 12:15am
Quoting BurnhamPark
{quote} Hi, I noticed that you read your price action with HA candles. To get accurate PA's, we should analyse our BPP based on Japanese Candlestick to get the real PA. {image}
Thank you! You helped me a lot.I've now analysed USD/JPY and on h4 i can See a big Red candle, i think of a wide range candle. Then we got a little pullback but within the rangeof the Wide range candle. Then it could continue to the weekly support. (Yellow line)Am I right that I should now focuss on the h1 Chart looking for a break of the Low from the wide range one?(White line)
First Chart =h4Second Chart =h1
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  • #66,317
  • Feb 28, 2016 11:41pm Feb 28, 2016 11:41pm
Hello Emm,
you of course observe TMS Monitor.

When you for your analyse use Japanese candles and when APB candles?
dan
  • #66,318
  • Feb 29, 2016 12:17am Feb 29, 2016 12:17am
Quoting Trader MT4
Hello Emm, you of course observe TMS Monitor. When you for your analyse use Japanese candles and when APB candles? dan

Hi Dan.

all price action analysis is done using the real price bars or Japanese candles.

the APB/HA only to look at the bodu size and colour change.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,319
  • Feb 29, 2016 12:22am Feb 29, 2016 12:22am
Hi Sir,

How do you get the remaining time in your chart to next candle ?
Thank you again.
  • #66,320
  • Feb 29, 2016 12:31am Feb 29, 2016 12:31am
Quoting eriksurya
Hi Sir, How do you get the remaining time in your chart to next candle ? Thank you again.

Hi,

here,

http://www.forexfactory.com/showthre...62#post8611562

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