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Trading Made Simple

  • #68,361
  • Apr 15, 2016 6:49am Apr 15, 2016 6:49am
Quoting Islandfx911
{quote} Hi Em, Can you elaborate / discuss in detail why this setup / trade was taken. Just trying to learn more from your charts but sometimes I cannot see the wood for the trees. Regards Rob
Hi Rob,

Learn from the only two great TMS traders since 2010, X-Man and Lovevery1 aka LE1.

10EMA on D1 often cause price reaction.... (LE1 Master Arjun in his ASS M15 TMS thread)
that is a Price Action setup seen on H4. (X-man the PA is King in his S3 H1/H4 TMS thread)
on H1, there is a WRB, and the entry was H1 when the price bar close below that H1 WRB.... this is my specialty.

Divergence trading by John Hayden ...
RSI: The Complete Guide Post#27,110 by John Hayden
The Truth about Divergence ... read Chapter 4 Page 65

regards,

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 15 Apri 15 H4 setup H1 trade2.png Size: 57 KB


when any one can put all these together with his third eye, he has reached Trading Mastery ....

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,362
  • Apr 15, 2016 6:54am Apr 15, 2016 6:54am
Quoting emmanuel7788
{quote} Hi Rob, Learn from the only two great TMS traders since 2010, X-Man and Lovevery1 aka LE1. 10EMA on D1 often cause price reaction.... (LE1 Master Arjunin the M15 TMS thread) that is a Price Action setup seen on H4. (X-man the PA is King in his H1/H4 thread) on H1, there is a WRB, and the entry was H1 when the price bar close below that H1 WRB.... this is my specialty. Divergence trading by John Hayden ... RSI: The Complete Guide Post#27,110 by John Hayden The Truth...
Thanks.
Here the TP is at a former swing high right? The TDI still has not given the exit signal.
  • #68,363
  • Apr 15, 2016 6:59am Apr 15, 2016 6:59am
Quoting TrendyRanger
{quote} Thanks. Here the TP is at a former swing high right? The TDI still has not given the exit signal.

that's quite close. I set TP=50pips but now it is facing NY open so I will close it soon.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,364
  • Apr 15, 2016 7:06am Apr 15, 2016 7:06am
Quoting emmanuel7788
{quote} Here is USDCAD training chart. {image}

Just happened, a H1 WRB beakout candle when NY open.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCD Week 15 H1 WRB beakout candle.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,365
  • Apr 15, 2016 7:09am Apr 15, 2016 7:09am
Quoting emmanuel7788
{quote} Hi Rob, Learn from the only two great TMS traders since 2010, X-Man and Lovevery1 aka LE1. 10EMA on D1 often cause price reaction.... (LE1 Master Arjun in his ASS M15 TMS thread) that is a Price Action setup seen on H4. (X-man the PA is King in his S3 H1/H4 TMS thread) on H1, there is a WRB, and the entry was H1 when the price bar close below that H1 WRB.... this is my specialty. Divergence trading by John Hayden ... RSI: The Complete Guide Post#27,110 by John...
Thanks for the further information. I was watching UJ for a sell today on the 4Hr TF however opted out as not looking quite right on that TF. Looking at the 1hr TF I would have taken trade BUT I am sticking with 4hr setups until I turn around my appalling trading stats. I know you have been asked a million times but which TDI do you permanently use. I have TDI RT but mine did not show Divergence as yours did.
Regards
Rob
Attached Image
Your trade order needs to be in the right place at the right time.
  • #68,366
  • Apr 15, 2016 7:14am Apr 15, 2016 7:14am
Quoting Islandfx911
{quote} Thanks for the further information. I was watching UJ for a sell today on the 4Hr TF however opted out as not looking quite right on that TF. Looking at the 1hr TF I would have taken trade BUT I am sticking with 4hr setups until I turn around my appalling trading stats. I know you have been asked a million times but which TDI do you permanently use. I have TDI RT but mine did not show Divergence as yours did. Regards Rob {image}

Use the TDI-Realtime version and set to TDI _ Pro settings ... trade like the pros and you can make 10% every 20-trading days. That's SMART target.


Attached Image (click to enlarge)
Click to Enlarge Name: TDI Pro settings.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,367
  • Apr 15, 2016 7:23am Apr 15, 2016 7:23am
Wow,Emm,I got pdf 5-steps the other system same as the pic shows.
I learnt divergence today,I think you're point a divergence looking for bearish.
Attached Image
Price Higher High
TDI Lower High
Regular Divergence Bearish
I got a good indicator which can show divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 15 Apri 15 H4 setup H1 trade2.png Size: 57 KB
Attached Images
Attached File(s)
File Type: pdf 5steps.pdf   42 KB | 607 downloads
File Type: ex4 TDI_RT alerts + divergence.ex4   66 KB | 468 downloads
  • #68,368
  • Apr 15, 2016 7:29am Apr 15, 2016 7:29am
Quoting leescofield
Wow,Emm,I got pdf 5-steps the other system same as the pic shows. I learnt divergence today,I think you're point a divergence looking for bearish. Price Higher High TDI Lower High Regular Divergence Bearish I got a good indicator which can show divergence. {image} {image} {image} {image} {file}

Hi Lee,

do yourself and all others here in this thread.

get rid of that TDI_RT alerts+divergence.ex4.

that wont help us here.

what we want is to learn the very basics about the RSI and how the RSI is used to create the TDI.

divergence has to do with price volatility vs price momentum. No indicator will ever produce correctly the divergence on our charts.

there is a huge difference how professional traders trade and what rookie traders here in FF try to teach Newbies.
Talking about trading is easy, talking after then fact is 20:20 vision. The real live trading is not easy. Talk is cheap.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,369
  • Apr 15, 2016 7:30am Apr 15, 2016 7:30am
Good morning, this is my first post. I am new to forex, I follow TMS a few months. I wonder what went wrong in my trade. I doubt to exit the trade when it goes against. I always expect to get my SL? Thank you very much.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h4-150416.png Size: 51 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h4-150416.png Size: 51 KB
  • #68,370
  • Apr 15, 2016 7:31am Apr 15, 2016 7:31am
Quoting Islandfx911
{quote} Thanks for the further information. I was watching UJ for a sell today on the 4Hr TF however opted out as not looking quite right on that TF. Looking at the 1hr TF I would have taken trade BUT I am sticking with 4hr setups until I turn around my appalling trading stats. I know you have been asked a million times but which TDI do you permanently use. I have TDI RT but mine did not show Divergence as yours did. Regards Rob {image}
sorry out of topic, its BSA M21 right? love that.
  • #68,371
  • Apr 15, 2016 7:42am Apr 15, 2016 7:42am
Quoting leescofield
Wow,Emm,I got pdf 5-steps the other system same as the pic shows. I learnt divergence today,I think you're point a divergence looking for bearish. {image}Price Higher High TDI Lower High Regular Divergence Bearish I got a good indicator which can show divergence. {image} {image} {image} {image} {file}
this PDF is so true it scares me, at least the first 3 steps,as I dont know the other 2 Yet
I see myself on it , I have tried so much holy grail systems here on FF and everywhere and always come back to TMS for the PA reading
Still not profitable and consistent on long term, but Im very sure i'm getting there eventually
Thanks for sharing
  • #68,372
  • Apr 15, 2016 7:57am Apr 15, 2016 7:57am
USDJPY H1 trade closed.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 15 Apr 15 trade closed.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,373
  • Apr 15, 2016 8:06am Apr 15, 2016 8:06am
Quoting emmanuel7788
USDJPY H1 trade closed. {image}
Congrats. Good week for trading this week.
It's in fear when people show what they truly value.
  • #68,374
  • Apr 15, 2016 8:11am Apr 15, 2016 8:11am
Quoting Saripefx
Good morning, this is my first post. I am new to forex, I follow TMS a few months. I wonder what went wrong in my trade. I doubt to exit the trade when it goes against. I always expect to get my SL? Thank you very much.{image}{image}{image}

Hi,

You trade using the Price Action Channel PAc and your entry was when that candle closed above the PAC. Also the TDI Green PL cross the Red TSL and above the Yellow MBL. That is a valid trade steup condition.

But there is risk when the market is sideway in a range. Seen on Day chart.

see attached Day chart - WRB High +10EMA "resistance"
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY WRB and 10EMA.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,375
  • Apr 15, 2016 8:25am Apr 15, 2016 8:25am
Hi Emm,
please send any Picture of Daily chart, with vertical lines, where been a correct Daily Entry (with TDI of course)

Is it correct Daily enter on swing?


regards, dan
  • #68,376
  • Edited 2:31pm Apr 15, 2016 10:40am | Edited 2:31pm
Hey everyone

I have been practing on the demo account for Oanda for a couple of months now with TMS method and I want to try real trading now but I was burned at the beginning of the year when I first tried binary trading by a broker and so before I deposit money I just wanted to check with those I read advice from everyday if Oanda is a broker that is at least safe to use. Sorry I know this if off topic but this thread is the only one I read daily and I feel that I know some of you to value your opinion on the matter Hope to start monday with some real trading.....Enjoy your weekend everyone and thanks in advance for any replies!!
  • #68,377
  • Apr 15, 2016 6:25pm Apr 15, 2016 6:25pm
[Quote = emmanuel7788; 8875328] {quote} Ol, voc comrcio usando o preo de Aco Canal APA e sua entrada foi quando a vela fechou acima do PAC. Alm disso, o TDI Verde PL atravessar a TSL vermelho e acima da MBL amarelo. Essa uma condio steup comrcio vlido. Mas h riscos quando o mercado est sideway em um intervalo. Visto na carta Day. veja grfico Dia anexado - WRB alta + 10EMA "resistncia" {image} [/ quote]
Good evening, thank you for the answer. WRB would be the same as master candle? How can I learn about WRB? Its 10 EMA and applied to closing? Thank you and good weekend everyone.
  • #68,378
  • Apr 15, 2016 7:18pm Apr 15, 2016 7:18pm
Quoting Jenn4rex
Hey everyone I have been practing on the demo account for Oanda for a couple of months now with TMS method and I want to try real trading now but I was burned at the beginning of the year when I first tried binary trading by a broker and so before I deposit money I just wanted to check with those I read advice from everyday if Oanda is a broker that is at least safe to use. Sorry I know this if off topic but this thread is the only one I read daily and I feel that I know some of you to value your opinion on the matter Hope to start monday with...

Hi Jenn,

There is a forum 'Broker Discussion' where you will find Oanda being discussed.
http://www.forexfactory.com/showthre...10892&page=237

My suggestion is that you do not trade live with your hard earned money until you have done demo trading for 100 to 300 trades.
If your intention is to trade with a $10k account deposit, make sure you also trade demo with the same account deposit of $10k.
This way is to ensure that you also be able to test your money management strategy with $10k. Trading with demo money won't give that real feel of your emotion attachment but you will use it to test the impact on your emotion when your hard earned money is being used.

Look forward to seeing your post next week with proper Big Picture Plan done and a trade plan for the week.

Have a good weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,379
  • Apr 15, 2016 7:20pm Apr 15, 2016 7:20pm
Quoting Trader MT4
Hi Emm, please send any Picture of Daily chart, with vertical lines, where been a correct Daily Entry (with TDI of course) Is it correct Daily enter on swing? regards, dan

Hi Dan,

Let's do it in live market next week. I'll post Day charts of my trade plan and we can test our patience and wait for the setups.

Backtesting needs to do on their own.

Have a good weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #68,380
  • Apr 15, 2016 8:01pm Apr 15, 2016 8:01pm
Quoting TheRock
{quote} ​Cheers for the advice Emm. I see that price has now closed above the MC(3), if this was any other day than Friday, would it have been a higher probable trade for a long? Also, I was analysing for a short in my previous post, was my analysis incorrect from what you can see, or is this a case of Plan A and Plan B. What I find difficult is long term trend (monthly and weekly is bearish), however last 2 days have been bullish, how do we analyse which way we think it will go? How did you decide that we are more likely still looking...

Hi Rock,

I know it is very difficult to determine the long term trend (monthy and weekly) as you mentioned.
But when Big E traded, he did not concern with the long term trend that much. His belief is that each price swing on H4 will run 3 to 8 candles. He trade reversal in an aggressive manner, jump in at APB#1 and APB#2 with 15% to 30% risk, let it run 3 to 5 candles, he jumps out take what the market gave him. That is his entry and exit stratagy. Simple and effective , that is his trading style. He did not concern with the average weekly range either or what the weekly and monthly trend is. He kept it so simple.

But if when we want to be position traders, we need to know who we are trading with and the trend these groups of traders who have the power to move the market. We small retail traders cannot move the market. There is a lot of information we need to know and learn how to use them when we want to be Position Traders using trend trading methodology which TMS 5-Method is.

One of the tools of this trade is the Commitment of Traders report aka COT as it is well known. Trend Position traders use the COT in the planning and prepare their trade plan. It is no holy grail, but it adds value to your trading business when use consistently and in a measured way.
There are lots of youtube videos made on the COT.

Here is one which give a simple introduction explaining what is COT.
Inserted Video


A good website is this one which many forex coaches use to teach their students.
http://www.cmegroup.com/tools-inform...raders-fx.html

I use the one by timingcharts.com for many years.

http://www.timingcharts.com/

There are also threads in FF where traders discuss the use of COT.

If you are trading very short term - H1 and below, do not bother about this COT thing.

More information overload for some people here. ... so be warned!

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