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Trading Made Simple

  • #66,661
  • Mar 8, 2016 5:52am Mar 8, 2016 5:52am
Quoting Mbt
{quote} I wouldn't enter the trade because if you looking on h4 we had a wide range candle and I think we should wait until it breaks out of the range.
yes that is why i am questioning the validity of the trade, but if you look at W1 and D1 you see a very strong uptrend.

so the question is could whe ignore that WRB, and trade the TDI cross, along with a strong up bar?

thanks!
  • #66,662
  • Mar 8, 2016 6:07am Mar 8, 2016 6:07am
Quoting ruben7222
{quote} yes that is why i am questioning the validity of the trade, but if you look at W1 and D1 you see a very strong uptrend. so the question is could whe ignore that WRB, and trade the TDI cross, along with a strong up bar? thanks!
I'm still new here but I think you should take it and target the upper range of the Wide range candle. But be sure there is a good Tdi setup and you are on the low of the H4Wrb.
  • #66,663
  • Mar 8, 2016 6:32am Mar 8, 2016 6:32am
Quoting mazibee
Dear emmanuel 7788, I joined the forum few days and found this thread very interesting and full of knowledge. As the started of the thread eelfranz (Big E) was last online on Nov 30, 2011 and after that he no reply on the thred form him (Hopefully all is well with himand he is in good health) This thread is one of the most popular and gets so many replies, I started reading first few pages , i was so interested that I am on page number 30. Big E was active till pages apprx 600 and after that other senior members were active. This thread at the time...

Hi Mazibee,

WELCOME to TMS.
Sadly, our OP eelfranz passed away in Oct 2012. We all remeber him as Big E and his spirit lives on in this thread.

I strongly recommend that you read all his posts here in FF and you will get to know the man and his trading style.

Here is a quick introduction to this Trading Made Simple thread:
Trading made Simple for beginners : Post#52,707
A short history by pioneer member snarlyjack Post#110
Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,
After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432
In Post#1, he explained how he traded the H4 chart timeframe and he also trade the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.
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
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template … Post#25
Latest Indicators:
The only two indicators which we use and the most recent versions are:-
the Synergy_Pro_APB which has the Price Action Channel build-in
the Synergy_Pro_TDI, an updated version which work in realtime market
these are found in the package Synergy_Pro zip : Post#50,241

Recommendations:
Read all of Big E’ posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.
Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school


Have a fun learning journey with us.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,664
  • Mar 8, 2016 6:37am Mar 8, 2016 6:37am
Hi This is my first trade ,I have taken sell . pls validate if my call was right ? I have placed my stop at recent swing high . is it correct ? or should i place it at 2 times ATR(10) .
I have taken the sell call because of the following reasons :

1 )TDI cross over
2) good angle in tdi cross over
3) stochastic same direction as tdi
4) 2nd candle starting .


kindly guide .thanks seniors .
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  • #66,665
  • Mar 8, 2016 6:39am Mar 8, 2016 6:39am
anyone who can help me to create an arrow when ema 7 cross ema 25 correctly with sound alert , send me Pm only because i dont check every thread
  • #66,666
  • Mar 8, 2016 7:05am Mar 8, 2016 7:05am
post ( 66666)
exited at 10 pips profit as there is some news scheduled now related to CAD .

+10 pips , first trade .... thanks to all the contributors of this thread Expecially BIG E,Sj and Emmanuel and others.. happy to see a positive trade after many days ...
  • #66,667
  • Mar 8, 2016 7:10am Mar 8, 2016 7:10am
Quoting emmanuel7788
{quote} USDCAD if you must trade today, do it on H1 for sell setup later. No H4 setups since it is ranging within the WRB high-low. Sell H1 when you see PA at the high of the H4WRB. Another option is look for another pair. This week I have trade running EJ GU, EA, GA and GN. see this post:http://www.forexfactory.com/showthre...91#post8796191
Thank you.On Aud/Usd we have the same situation as on usd/cad with the H4Wrb.
When you enter a trade do you wait for a candle to close over/under the 10 ema or do you Base your entry on the tdi cross. I Wonder where the correct entry was on this h1 Aud/Usd chart when we want to trade Inside the h4Wrb range.
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  • #66,668
  • Mar 8, 2016 7:23am Mar 8, 2016 7:23am
Hi ,

I just took a short eurchf but it bounced back . I entered at beginning of third candle ( as per heikenashi ) .The yellow line is my stop loss .
Reasons I took the sell call are

1) tdi cross over
2) the angle of green line was like pointing towards 4 in clock .
3) stochastic in same direction
4) previous candle is big .

Once i entered there was a retracement and the TDI has become flat .
where did i go wrong ?
As per your observation ,can u pls assist me. I am a newbie but i sincerely believe in this system .
Thanks in advance
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  • #66,669
  • Mar 8, 2016 8:38am Mar 8, 2016 8:38am
EURAUD H1 +90 (+25 +50 +15)
Big price rejection from BRN(1.4900) followed by price rejection from RN(1.4850). Entered after price had broken last low with nice TDI angle and red and green separating . CM managed trade with trade closed when pull back hit trailing stop. TP3 not hit was set for DOL and TP4 not hit was set for YL
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AUDUSD H1 +45 (+25 +20)
Bounce from the TDI with good angle and red and green separating. TP1 hit and TP2 set for yesterdays high but price didn't break DOL so closed manually when pull back occurred.
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Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,670
  • Mar 8, 2016 8:55am Mar 8, 2016 8:55am
hello ...anyone know if exist the simple tdi (2 lines with cross alert?)

thnx
  • #66,671
  • Mar 8, 2016 9:07am Mar 8, 2016 9:07am
hi only discovered this thread last week just testing at the moment.
would anyone advise on taking the below trades?
looks a v. good system just need help and guidance
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Fib(onacci) my way to glory
  • #66,672
  • Mar 8, 2016 9:16am Mar 8, 2016 9:16am
Quoting Lookleft
EURAUD H1 +90 (+25 +50 +15) Big price rejection from BRN(1.4900) followed by price rejection from RN(1.4850). Entered after price had broken last low with nice TDI angle and red and green separating . CM managed trade with trade closed when pull back hit trailing stop. TP3 not hit was set for DOL and TP4 not hit was set for YL {image} AUDUSD H1 +45 (+25 +20) Bounce from the TDI with good angle and red and green separating. TP1 hit and TP2 set for yesterdays high but price didn't break DOL so closed manually when pull back occurred. {image}
hi lookleft,

how are you managing your EURAUD trade?

are you only looking for the short term moves?

thanks!
  • #66,673
  • Mar 8, 2016 10:22am Mar 8, 2016 10:22am
Quoting ruben7222
{quote} hi lookleft, how are you managing your EURAUD trade? are you only looking for the short term moves? thanks!
Hi ruben,
Not sure I understand all of your question but I'll try and answer.
The trade was based on the TMS method (very rarely seen here nowadays) and because I had to leave my desk I used Cavemanger to manage the trade. It was a single entry/ multi exit trade with 4 TPs set (25 pips, 50 pips, 75 pips and 100 pips). Capital Protection (B/E) was set to 21 pips and a trailing stop of 3 pips behind the previous candle not APB was set. Once I had opened the trade Cavemanager moved the S/L to break even and closed portions of the trade as eah TP was hit. As you can see the first 2 TPs were hit but there was a pull back which hit the trailing stop to close the remainder of the trade.
The next bit of your question is the part I'm not sure I understand but a 50 -100 pip target H1 trade with the TMS method isn't what I regard as a short term move knowing how much that pair can move in a day.
Hope that answers your question and sorry if I misunderstood the second part.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,674
  • Mar 8, 2016 10:33am Mar 8, 2016 10:33am
Quoting emmanuel7788
{quote} USDCAD if you must trade today, do it on H1 for sell setup later. No H4 setups since it is ranging within the WRB high-low. Sell H1 when you see PA at the high of the H4WRB. Another option is look for another pair. This week I have trade running EJ GU, EA, GA and GN. see this post:http://www.forexfactory.com/showthre...91#post8796191

hi emmanuel,

regarding usd/cad
I think I am a bit confused, I thought we try and trade with the trend? like short when price is below the 10 ema I notice the w1 is below the 10 ema, the D1 is below the 10 ema, and when you wrote that post the h4 might have been just below the 10 ema [although it is above it now], but the h1 was ABOVE the 10 ema


if price had reacted in the h4 WRB area [on the h1 chart] and we had shorted, would we not be trading against the trend on h1???
is it ok to trade against the trade on h1, if it will be with the trend from a h4 and d1, and w1 point of view?

please clarify, I am confused lol
  • #66,675
  • Mar 8, 2016 10:42am Mar 8, 2016 10:42am
Quoting Lookleft
EURAUD H1 +90 (+25 +50 +15) Big price rejection from BRN(1.4900) followed by price rejection from RN(1.4850). Entered after price had broken last low with nice TDI angle and red and green separating . CM managed trade with trade closed when pull back hit trailing stop. TP3 not hit was set for DOL and TP4 not hit was set for YL {image} AUDUSD H1 +45 (+25 +20) Bounce from the TDI with good angle and red and green separating. TP1 hit and TP2 set for yesterdays high but price didn't break DOL so closed manually when pull back occurred. {image}

Hello Lookleft,

from your posts, you seem to be doing well with this method.

I saw this trade in action and traded it too on the TDI cross. price had just dipped below the 10 ema and the 50 ema and crossed on the TDI, but on the next candle price closed above them so i closed my trade for a small loss. only for price to soon fall back down. i see you took the trade and managed to make profit.

you said you entered as price cleared a low? can you point out the specific low you are talking about as i am not sure where you are referring to.
also was a condition for you taking the trade also that price was below the 10 and 50 ema ...?
if price had been above them would you have taken it?
  • #66,676
  • Mar 8, 2016 11:13am Mar 8, 2016 11:13am
Quoting kain775
{quote} Hello Lookleft, from your posts, you seem to be doing well with this method. I saw this trade in action and traded it too on the TDI cross. price had just dipped below the 10 ema and the 50 ema and crossed on the TDI, but on the next candle price closed above them so i closed my trade for a small loss. only for price to soon fall back down. i see you took the trade and managed to make profit. you said you entered as price cleared a low? can you point out the specific low you are talking about as i am not sure where you are referring to....
Hi kain,
Thanks for the comment, it's only taken me 5 years of TMS to get to this stage
I do keep an eye on the daily 10ema but it has more relevance on higher TF in my opinion. The ema on my chart is the 5 shift 3 Typical.
What you saw happen to price was the NYO effect. Price often stalls or pulls back for about 30 minutes before continuing unless there is a total reversal. The same thing can happen at LO. That's when you have to believe in your trade and what the market is showing you.
The previous low I was talking about was the actual close price (not wick) of the previous APB. I mainly look at price action around round numbers, yesterday high/low, last weeks high/low and DOL.
Hope that helps
Never argue with a fool; onlookers may not be able to tell the difference.
  • #66,677
  • Edited 11:41am Mar 8, 2016 11:15am | Edited 11:41am
Quoting kain775
{quote} hi emmanuel, regarding usd/cad I think I am a bit confused, I thought we try and trade with the trend? like short when price is below the 10 ema I notice the w1 is below the 10 ema, the D1 is below the 10 ema, and when you wrote that post the h4 might have been just below the 10 ema [although it is above it now], but the h1 was ABOVE the 10 ema if price had reacted in the h4 WRB area [on the h1 chart] and we had shorted, would we not be trading against the trend on h1??? is it ok to trade against the trade on h1, if it will be with the trend...
Hi,

but there was no H1 setup at the H4 WRB High.
now price is above the H4 WRB High.
we wait till we see a H1 setup.
but the TIMING is not the best to trade H1 now as London markets are closed and liquidity will be thin unless there are major events in NY before Tokyo open hours later.

It would be interesting to see what Day chart traders will do tomorrow.

regards.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #66,678
  • Mar 8, 2016 12:09pm Mar 8, 2016 12:09pm
Quoting Lookleft
{quote} Hi kain, Thanks for the comment, it's only taken me 5 years of TMS to get to this stage I do keep an eye on the daily 10ema but it has more relevance on higher TF in my opinion. The ema on my chart is the 5 shift 3 Typical. What you saw happen to price was the NYO effect. Price often stalls or pulls back for about 30 minutes before continuing unless there is a total reversal. The same thing can happen at LO. That's when you have to believe in your trade and what the market is showing you. The previous low I was talking about was the actual...

ok, thanks.

what was your initial stop loss on the trade at entry?
i think i entered one or two candels prior to you and my initial SL was atr 7 x 1.75 which was around 75ish pips. an early close for me is if price closes above the 10 ema [which it did]

my TP is also atr x 1.75
it used to be 2.00 atr but price was frequently missing this. now it gets to the 1.75 atr a bit more but still sometimes it missed it by a bit and comes back.
i notice for that trade you had 4 tp's of 25 pips, 50 pips, 75 pips and 100 pips, and you broke even after price had moved around 20 pips in your favour? [correct me if im wrong]

how are you calculating your take profit levels as i assume they are differant for each trade?
I am most interested in exploring differant take profit levels as the ones i tend to use arn't working out that well.
  • #66,679
  • Mar 8, 2016 12:14pm Mar 8, 2016 12:14pm
Quoting emmanuel7788
{quote} Hi, but there was no H1 setup at the H4 WRB High. now price is above the H4 WRB High. we wait till we see a H1 setup. but the TIMING is not the best to trade H1 now as London markets are closed and liquidity will be thin unless there are major events in NY before Tokyo open hours later. It would be interesting to see what Day chart traders will do tomorrow. regards. {image}


ok thanks,


had the h1 setup materialised at the h4 WRB would you consider that setup to be with the trend or counter-trend?
  • #66,680
  • Mar 8, 2016 12:19pm Mar 8, 2016 12:19pm
Quoting kain775
{quote} ok thanks, had the h1 setup materialised at the h4 WRB would you consider that setup to be with the trend or counter-trend?

simply trade in the direction of the D1.

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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