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Trading Made Simple

  • #67,121
  • Mar 16, 2016 8:32pm Mar 16, 2016 8:32pm
Quoting kinitex
Question, I'm currently coding an EA for this, and have a million configurations at my hands for entries, however I'm struggling with the exits. What signals should I use to exit trades? I've done a lot of testing and so far the best exit has been exit when MBL drops below 50 for a BUY and above 50 for a SELL. Any other recommendations?

one of my many recommendations to traders who are writing their own blueprint for trading success is to "think out of the box"

if anyone has not started writing his/her own blueprint for trading success, you should start doing it now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,122
  • Mar 16, 2016 8:55pm Mar 16, 2016 8:55pm
Hi TMS friends.

I took this trade today, it hit TP.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: EC TRADE.jpg Size: 412 KB
  • #67,123
  • Mar 16, 2016 9:47pm Mar 16, 2016 9:47pm
Quoting emmanuel7788
{quote} both setups looks good - basic TMS setup rules - APB candles close across the 5EMA is the setup candle and the TDI cross confirms. if AJ reverses like that on H4, I would be rich this week...
Both these setups did ultimately workout. Thing is I did not have faith enough to leave it alone for the day.
Call it newbie jitters
Live life king size !
  • #67,124
  • Mar 17, 2016 1:46am Mar 17, 2016 1:46am
Quoting Nostromo
Hi everyone, my first post here so please bear with me if the questions are total beginner level. I have been reading this thread from the beginning, got about 200 pages so far, and I have setup the TMS indicators as best I can in MT4 and had a couple of questions about scale. 1) Given that Big E had specific rules about the angle of the TDI crossover it seems to me that the scale and zoom of the chart is crucial, if you look at my two screenshots below this may illustrate my confusion. In my MT4 there are 6 levels of zoom on the chart. If I use...
I believe I read some time ago that Big E zoomed all the way in and out twice. I could be wrong though
  • #67,125
  • Mar 17, 2016 1:59am Mar 17, 2016 1:59am
hi,

could a experencied TMS trade give me some hints what i did wrong on this trade.

entry on red vertical line, SL on red horizontal line.

TDI had crossed, but repainted the next candle.

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4 ruben7222.png Size: 89 KB
  • #67,126
  • Edited 3:24am Mar 17, 2016 3:04am | Edited 3:24am
Quoting ruben7222
hi, could a experencied TMS trade give me some hints what i did wrong on this trade. entry on red vertical line, SL on red horizontal line. TDI had crossed, but repainted the next candle. thanks {image}

Hi,

One suggestion, switch to Bar Chart and set youyr chart to Foreground Chart so that you can see the real price bar over the APB/HA candles.
Learn to read Price Action using the bar chart and also the APB/HA.

What do you see after you have done this?

Read Post#647 and apply those TMS basic PA checklist questions:

<quote>

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

<unquote>

Do you see that the market was sideways in narrow range with that Master Candle?

One of my TMS trading rule is "Do Not trade any TDI cross setups when the PA is inside the range of the MC".
Since this MC is in H4, we can trade in the lower TF like H1 or M15, and using the MC high-low as the support and resistance. Always check for historical p[rice swing levels where that MC appear and also the BRN/RN.
MC indicate market consolidation which happens often after a big move. Therfore Big E taught us to look at the candles on the last reversal ... big, little, what...

Study all of his posts, take notes and write your own rules into your trading manual.

regards,

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Mar 17 H4 MC.png Size: 55 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Mar 17 H1 best setup.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,127
  • Mar 17, 2016 3:43am Mar 17, 2016 3:43am
Quoting Nostromo
Hi everyone, my first post here so please bear with me if the questions are total beginner level. I have been reading this thread from the beginning, got about 200 pages so far, and I have setup the TMS indicators as best I can in MT4 and had a couple of questions about scale. 1) Given that Big E had specific rules about the angle of the TDI crossover it seems to me that the scale and zoom of the chart is crucial, if you look at my two screenshots below this may illustrate my confusion. In my MT4 there are 6 levels of zoom on the chart. If I use...
Hello, Nostromo!

1. You are absolutely right! The zooming distance can affect the angle. Big E went for maximum zoom in, then he zoomed out twice. That is the zoom you should be trading on at first. But in time, your eyes will adapt and be able to spot the right angle, even when you are at maximum zoom in.

2. Plot them and leave their size by default.

3. On the upper side of MT4 you have two buttons, one that says "Scroll the chart to the end on tick incoming" and another that says "Shift end of the chart from right border". Play with them a little and understand their functions.
  • #67,128
  • Mar 17, 2016 4:40am Mar 17, 2016 4:40am
Emmanuel,
I've been reading the last 50 pages ,since the one you said won't trade 1h anymore.

Impressive results.

Do you trade 4h and above only now?

Also what GMT time does your broker daily candle opens? Mine is gmt +2
  • #67,129
  • Mar 17, 2016 4:51am Mar 17, 2016 4:51am
Quoting emmanuel7788
{quote} Hi, One suggestion, switch to Bar Chart and set youyr chart to Foreground Chart so that you can see the real price bar over the APB/HA candles. Learn to read Price Action using the bar chart and also the APB/HA. What do you see after you have done this? Read Post#647 and apply those TMS basic PA checklist questions: <quote> When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I...

i know this is a silly question to u.. since i also have been using this style for quite some time.. i have stick with big e basic template.. but how to make this 200 ema and 50 ema.. pls
  • #67,130
  • Mar 17, 2016 4:52am Mar 17, 2016 4:52am
Hi Emmanuel , pips 29 and other senior traders ,

This is one doubt , i feel that i need to ask you experienced traders.
THe HA candles are formed much before the TDI crossover . and then the tdi crossover is happening. now my doubt is ,should i enter the candle immediately after crossover .
note : in one case the color change happened much earlier the tdi crossover but those candles were very small . so what do u advice ? should i ignore those candles ?

am posting the chart. pls guide further.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 1 hour.png Size: 20 KB


here the red line , can i enter the trade at its beginning .
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.png Size: 25 KB


thanks
  • #67,131
  • Mar 17, 2016 6:13am Mar 17, 2016 6:13am
hey Emmanuel and other fellow traders being busy at work I can't trade the 1hr I am interested in the 4hr and would like some points about how to trade the crosses I read once that BIG E mentioned he takes crosses each way is that true and should I follow the weekly chart trend or D1
  • #67,132
  • Mar 17, 2016 6:17am Mar 17, 2016 6:17am
Quoting trade786
hey Emmanuel and other fellow traders being busy at work I can't trade the 1hr I am interested in the 4hr and would like some points about how to trade the crosses I read once that BIG E mentioned he takes crosses each way is that true and should I follow the weekly chart trend or D1
This thread will probably be more suitable for you if you are not used to tms: http://www.forexfactory.com/showthread.php?t=582657
  • #67,133
  • Mar 17, 2016 6:36am Mar 17, 2016 6:36am
Quoting trade786
hey Emmanuel and other fellow traders being busy at work I can't trade the 1hr I am interested in the 4hr and would like some points about how to trade the crosses I read once that BIG E mentioned he takes crosses each way is that true and should I follow the weekly chart trend or D1

Big E did say in post#647:

<quote>

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

<unquote>
so you must always ask yourself this checklist question, is the trend up or down,
\short term-which TF do your follow,
\long term- which TF do your follow?

there is a trend in every timeframe,

if your are trading H4, use this pic below:

Attached Image

\

What I say here will matter if you are a newbie trader with less than 3 years trading experience. Better you go learn from MrAussieFX in his thread "TMS for Newbies".

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,134
  • Mar 17, 2016 6:46am Mar 17, 2016 6:46am
Quoting dra.forex
Hi Emmanuel , pips 29 and other senior traders , This is one doubt , i feel that i need to ask you experienced traders. THe HA candles are formed much before the TDI crossover . and then the tdi crossover is happening. now my doubt is ,should i enter the candle immediately after crossover . note : in one case the color change happened much earlier the tdi crossover but those candles were very small . so what do u advice ? should i ignore those candles ? am posting the chart. pls guide further. {image} here the red line , can i enter the trade at...

Hi dra,

One suggestion is to start trading H4 and D1 chart TFs. H1 is very difficult for new traders.

But when you want to trade H4 and D1, you need to be better prepared at the beginning of the week with your top down analysis of those currency pairs you want to trade. I call this Big Picture Planning BPP which some of us do together every Sunday at London time 1500 Hour.

I did the USDCAD BPP for this week, but I thought I posted here but looking back to this thread I just realised that I only posted in another forum.

But this is my BPP for USDCAD for this week 11 Mar 14 to 18.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 11 D1 chart BPP.png Size: 80 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,135
  • Mar 17, 2016 6:52am Mar 17, 2016 6:52am
Quoting SlamberGamer
{quote} i know this is a silly question to u.. since i also have been using this style for quite some time.. i have stick with big e basic template.. but how to make this 200 ema and 50 ema.. pls

I simply use the platform provided Moving Average indcators...

Attached Image (click to enlarge)
Click to Enlarge Name: TMS 200EMA 50EMA.png Size: 112 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,136
  • Mar 17, 2016 7:02am Mar 17, 2016 7:02am
Quoting timos
Emmanuel, I've been reading the last 50 pages ,since the one you said won't trade 1h anymore. Impressive results. Do you trade 4h and above only now? Also what GMT time does your broker daily candle opens? Mine is gmt +2

Hi,

since this year, I stopped trading H1 intraday because I do not want to spend 3 to 4 hours in front of the computer every day. I have other better things to do now and have no need to trade to pay for my weekly expenses,...

I trade mainly 4H swing trades which last 2 to 4 days in the same week and D1 Position trading which can last several days into several weeks.

You can use TMS 5-Method and develop 3 systems using just this 5-Method as the core technical trading method. Read Post#52,347.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,137
  • Mar 17, 2016 7:07am Mar 17, 2016 7:07am
Quoting foxtrader16
{quote} Both these setups did ultimately workout. Thing is I did not have faith enough to leave it alone for the day. Call it newbie jitters

every day it is a battle between you and the other guys...

so use some wisdom from Sun Tze - The Art of War.

Attached Image (click to enlarge)
Click to Enlarge Name: know yourself know the market2.png Size: 115 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,138
  • Mar 17, 2016 7:23am Mar 17, 2016 7:23am
Quoting tibovwh
{quote} HI emm, Perhaps, if you could fine some time, is it possible to give an update on this pair? I'm looking at D1 chart now and it looks like trade invalidation. How do you manage this one yourself? Best,

Hi,

yes, you are correct there was trade invalidation on D1 chart. very obvious, triple tops at r2.1500 and D1 candle close below 5EMA Typical Price, Shift+3 and TDI cross down.

bite the bullet, and cut losses when this happen, suffered a small drawdown this week.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,139
  • Mar 17, 2016 7:24am Mar 17, 2016 7:24am
Quoting emmanuel7788
{quote} Hi, One suggestion, switch to Bar Chart and set youyr chart to Foreground Chart so that you can see the real price bar over the APB/HA candles. Learn to read Price Action using the bar chart and also the APB/HA. What do you see after you have done this? Read Post#647 and apply those TMS basic PA checklist questions: <quote> When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I...

i've looked for a WRB on my own chart, but i didn't spot one.

which server time you use, and does it matter which server time one use?

thanks
  • #67,140
  • Mar 17, 2016 7:29am Mar 17, 2016 7:29am
Quoting ruben7222
{quote} i've looked for a WRB on my own chart, but i didn't spot one. which server time you use, and does it matter which server time one use? thanks

post your chart either with Bar Chart or Candlestick, I will explain how you can see them.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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