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Trading Made Simple

  • #67,581
  • Mar 29, 2016 6:45pm Mar 29, 2016 6:45pm
Quoting emmanuel7788
{quote} Once I decide to be buyer, I look at retracements and look for TDI cross up in M15 or H1 to add trades build Position. Trade
Golden nugget!

Personally, i look for good h4 crosses (tdi +PASR) and then switch down to m15 and take most crosses in same direction of h4 cross. After each entry is protected at BE+cost, i look to add additional positions. On a solid h4 setup that runs 3-8 candles there are many m15 setups within. Furthermore, trading m15 crosses allows me to use reduced risk % as i am targeting bigger targets based on h4. In a nutshell, this is how i have adapted TMS to fit me personally.

It all starts with identifying what a good H4 setup looks like, just like the original tms/5-method.

All the best,
N
  • #67,582
  • Mar 29, 2016 6:57pm Mar 29, 2016 6:57pm
Quoting Nik-Nyc
{quote} AndyVix, I agree with you completely . . . win-rate and pips are all relative. R:R is the most meaningful stat in my personal analysis. Last week i did not trade due to the holidays, but the previous week i had 8 trades, 3 initial stop loss hit, 3 breakevens, 2 TP. All my losses are and will always be -1R and based on a percent of equity, therefore i had -3R. BE i always cover my trading costs, and therefore are 0R, and my TP differ from setup to setup but i will rarely consider closing a trade for less then 4/5R. Both my wins were about...

Good post by Nik.

We need to look beyond the traditional way how we look at R:R on a trade- by-trade basis.
We know that by scaling out, we can increase our win rate but that also reduces the R:R potential.
On the other hand, scaling-in will increase both our win rates and also the R:R.
The big question is when do we scale-out and when do we scale-in when we trade with TMS 5-Method.
You won't find answer here in this thread.

Read "The Tao of Reward and Risk" in this post.

http://www.forexfactory.com/showthre...10#post8793010
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,583
  • Mar 29, 2016 8:44pm Mar 29, 2016 8:44pm
Quoting TheScorpS
{quote} Here they are for +50 pips and for +100 pips , its set to move to break-even at +25 pips without trailing stop {file}
Thank you.You are really a warm-hearted man.
I wish you good health.
  • #67,584
  • Mar 29, 2016 9:37pm Mar 29, 2016 9:37pm
Quoting eelfranz
2scoops... When I see a tweek... I look for: 1. Are the candles getting smaller 2. Are the wicks starting to pull back more 3. Are we getting close to a supp/res level. 4. Is my green TDI line getting close to previous highs or lows on my TDI. Those kind of things... being observant... Come on scoops old buddy.. I check on any time frame I'm trading... and at night when nature calls I pop on the puter and take a quick look... Scoops thanks for asking the question...
I am still trying to learn the TMS basics and I would like to ask a question about points 2 and 4 above so I can better understand what to look for ?

1) This really useful 4 point list above suggests to me that these 4 are things we can look at to determine when to consider getting out of our current TMS trade, so that implies to me this is a list of 'beware of' items, however my (still very basic) understanding of candlesticks is that if you have a bullish candle with no wicks then that is MORE bullish than the same candle with wicks. How does this reconcile with the point 2 above that if the wicks are pulling back I should consider getting out of the trade. Do I have this the wrong way round and that if your wicks are pulling back that is an indication to stay in the trade?

2) Point 4 : Is it really relevant to consider support and resistance in the TDI window? I am slowly getting to grips with the idea of using supp/res lines on the top window with APB bars (my small backtesting so far shows this really seems to have an effect), but when I look at how the green TDI line is constructed - it is an moving average of RSI (which is itself a mathematical calculation applied to 2 other averages of closing prices). An average of 2 other averages ... can we consider previous support and resistance of such a 'manipulated' line have a relevant affect on current price movement? I have only done a year of backtesting on 2 x 4H currency pairs so far but I am struggling to see previous TDI highs and lows being relevant. Is this because my test set is still too small or am I right in guessing I should just be using the main 'pure' PA window for support/resistance levels?

Any insight would be appreciated!
Thanks.
  • #67,585
  • Mar 29, 2016 9:51pm Mar 29, 2016 9:51pm
Quoting TheScorpS
EA_H1 trade for +50 pips, I think an eventual breakout is coming soon on EA on daily , was a set and forget trade based on the pullback candle on H1, I might have extended TP on this one tho {image}
Hello TheScorpS,

You entered so early. I only entered after the APB red candle. What gives you the confidence to just enter and set and forget? Would you mind giving some tips on how to draw the trendline?

Thank you.
  • #67,586
  • Mar 29, 2016 11:01pm Mar 29, 2016 11:01pm
Ok I feel bad about asking this but why is my Heiken Ashi Smoothed Indicator not attaching to my chart? It is a MQL4 format. And i am using Metatrder 4.

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  • #67,587
  • Mar 29, 2016 11:23pm Mar 29, 2016 11:23pm
hi,

i just entered in to this trade on daily time frame, can you please help me is this a valid TMS entry?
points checked
1. trend in bearish for longtime
2. TDI green crossed red and under 50
3. Monthly is bearish and weekly is also bearish but it is not crossed last week low at the moment.
4. and also yesterday candle closed below 5EMA

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  • #67,588
  • Mar 30, 2016 12:31am Mar 30, 2016 12:31am
Target hit during Asian on UJ, H4, short. A modest 42 pip gain.
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  • #67,589
  • Mar 30, 2016 12:48am Mar 30, 2016 12:48am
Waiting for the sell setup
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  • #67,590
  • Mar 30, 2016 12:53am Mar 30, 2016 12:53am
Quoting emmanuel7788
{quote} The market is always right. But I am only 40% right... 40% I am wrong, another 20% I manage BE. AUDJPY Week 13 update . I remain on the buyers' side until I see a bearish reversal either on Weekly or Daily. {image} But the question is how to deal with all those H4 sell setups such as the one yesterday? These are what I call the "market set you up". Once I decide to be buyer, I look at retracements and look for TDI cross up in M15 or H1 to add trades build Position. Trade Well and Trade Safe.
I thought you said you have pending orders at 0,5 X 100ADR. Now you say you are entering based on TDI on H1 and M15. Do you have multiple trading styles with ME/ME?
  • #67,591
  • Mar 30, 2016 1:00am Mar 30, 2016 1:00am
Quoting emmanuel7788
GBPUSD Week 13 update March 30. Its near month end and tomorrow we shall see the March MN candle close. A quick update after yesterday' breakout move. I will be closing some trades today and complete my 20-trading days cycle. {image} Yesterday D1 candle is a Wide Range Bar WRB. Unless today trading move higher that the WRB high, we may see and Inside Bar later. H4 TDI is way above its OverBought OB region and H4 tradesrs will be looking to sell. This can cause a pull back down to 1.4300 and buyers will also move to protect their open positions....
I could draw some TLs there. But I don't think I have ever seen TLs on your charts. Am I right to assume you are never using them, but rather you put weight only on horizontal S/R?
  • #67,592
  • Mar 30, 2016 1:00am Mar 30, 2016 1:00am
Quoting catalin_eros
Target hit during Asian on UJ, H4, short. A modest 42 pip gain. {image}
i'm still inside, daily candle looks good,...let's see!
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  • #67,593
  • Mar 30, 2016 1:31am Mar 30, 2016 1:31am
anyone know what is the mobile trading platform that have TDI on chart? Mobile MT4 is out.
  • #67,594
  • Mar 30, 2016 1:32am Mar 30, 2016 1:32am
Quoting leonlee0116
anyone know what is the mobile trading platform that have TDI on chart? Mobile MT4 is out.
Trader interceptor.
  • #67,595
  • Mar 30, 2016 1:34am Mar 30, 2016 1:34am
Quoting catalin_eros
{quote} I could draw some TLs there. But I don't think I have ever seen TLs on your charts. Am I right to assume you are never using them, but rather you put weight only on horizontal S/R?

I look for CONFLUENCE of several support and resistance and this can be best seen with horizontal lines.

What are horizontal lines?
Previous Day OHLC,
Previous Week OHLC,
Recent Month OHLC,
Significant Monthly Close as price swing levels,
BRN and RN
Close Price of price swings, reversals, etc. on the trading chart TF,
High-Low of Wide Range Bars,
High-Low of Master Candles,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,596
  • Mar 30, 2016 1:42am Mar 30, 2016 1:42am
Quoting catalin_eros
{quote} I thought you said you have pending orders at 0,5 X 100ADR. Now you say you are entering based on TDI on H1 and M15. Do you have multiple trading styles with ME/ME?
I have only one trading style i.e. conservative in my money management strategy. I don't trade with risk 15% to 30% like Big E. I risk 1% to 2% maximum per position and never risk more than 10% when I trade multiple pairs concurrently.

I had explained this before.
The use of 0.5xADR(100) days as the order distance between trades is for those trading with small accounts and the minimum lot size is 0.01lot.

For those trading with large accounts and use %risk per trade, you can use risk based to calculate your trade lot size. When you use this method, you can use the M15 TDI cross during a H4 candle period to add your trades when you are in a trend.

See explanation below. You will notice that after every H4 candle, there will be retracement, some deep, some shallow,... and there will be opportunities to open new trades using the M15 TDI cross in the direction of your trades.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,597
  • Mar 30, 2016 1:48am Mar 30, 2016 1:48am
Quoting leonlee0116
anyone know what is the mobile trading platform that have TDI on chart? Mobile MT4 is out.

very simple solution is to use your mobile platform RSI and create moving average of the RSI data.
this way, you have a realtime version of the TDI.

How to create the TDI using the RSI available in other platform: Post#15,546
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #67,598
  • Mar 30, 2016 1:51am Mar 30, 2016 1:51am
Quoting emmanuel7788
{quote}See explanation below. You will notice that after every H4 candle, there will be retracement, some deep, some shallow,... and there will be opportunities to open new trades using the M15 TDI cross in the direction of your trades. {image}
  • #67,599
  • Mar 30, 2016 1:58am Mar 30, 2016 1:58am
Quoting emmanuel7788
{quote} {image} But the question is how to deal with all those H4 sell setups such as the one yesterday?
This is how I dealt with that sell setup:

When I got the setup candle on H4 red arrow), I did not enter.
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What I did was switch to H1 in order to get a better price entry in case of retracement, and I had a PO at the break of the low of the latest H1 candle. Every H1 candle retraced, and I moved my PO to the low of the new H1 candle, and so on (the blue lines, moved from 1, to 2, to 3). After 4 hours, a new H4 candle appeared and I closed my PO upon seeing that the sell setup was invalidated by the H4 BUOB.
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Your comments are always appreciated, Emm.

Everyone, feel free to use this method and feel free to comment.
  • #67,600
  • Mar 30, 2016 1:58am Mar 30, 2016 1:58am
Quoting The7
Ok I feel bad about asking this but why is my Heiken Ashi Smoothed Indicator not attaching to my chart? It is a MQL4 format. And i am using Metatrder 4. {image}

most likely that Heiken Ashi Smoothed.ex4 had a compilation error hence cannot be loaded onto your chart.

you have that Heiken Ashi which looks okay. Use that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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