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Trading Made Simple

  • #69,001
  • May 11, 2016 6:34am May 11, 2016 6:34am
+50
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  • #69,002
  • May 11, 2016 6:39am May 11, 2016 6:39am
Quoting maxtill
My first trade (+100 pips) with this strategy {image}

Good trade.

You can also consider to use Trail_by_Previous Candle High-Low to maximise profit potential.
Fully mechanical price action exit strategy and little emotion involved when you focus on the task to move your trade stop.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,003
  • May 11, 2016 6:57am May 11, 2016 6:57am
Quoting swetrader
Hi! I'm new in this thread and I'm trying to learn this system.. Here is GBP/USD, H4. Thinking about getting into a short position if the candle closes like this.. What do you think? {image}
I suggest you switch to Bar Chart to see the real price bars over the APB candle. You are using broker with server GMT+1 so your H4 candle are different from others.


I see a WRB to the left of your chart.
That means consolidation range and we avoid taking any TDI setup when in consolidation.
Look at recent support and resistance early this week.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,004
  • May 11, 2016 7:06am May 11, 2016 7:06am
Quoting Desiree
{quote} Hello, emmanuel, and thank you for responding. I was using the TDI from compassfx. The original Dean Malone TDI. I think Big E was using the TDI Red Green. I don't believe that Big E refreshed his chart during the forming of the 4 hour candle. I guess what you are saying then, is that: A. The kind of TDI we use affects the way the trade will present itself. B. We do not refresh our chart during the formation of the 4 hour candle and will just miss some trades. So maybe use a one hour chart instead? What do you think, emmanuel?

Hi,

Big E used the TDI Red Green version which re-paints all history bars when charts are refreshed. This means all his training charts are refreshed charts and they are not what he actually sees in live realtime charts.
I suggest you use the TDI_RT version for both backtesting and realtime trading. But when you use the TDI_RT version you must wait for the candle to close to confirm any TDI setup. This way you no loner need to care abotu refreshing charts, etc.
What you see is what you get...

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,005
  • May 11, 2016 7:12am May 11, 2016 7:12am
Quoting SlamberGamer
{quote} hi emmual.. can you please share with me how you do this template?? tq very much sir!!!

you are not reading this thread on regualr basis and missed many posts each week.

http://www.forexfactory.com/showthre...70#post8910070

http://www.forexfactory.com/showthre...30#post8908430

make sure you fly in formation every day....

HONK! HONK!

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,006
  • May 11, 2016 7:19am May 11, 2016 7:19am
Quoting emmanuel7788
{quote} Good trade. You can also consider to use Trail_by_Previous Candle High-Low to maximise profit potential. Fully mechanical price action exit strategy and little emotion involved when you focus on the task to move your trade stop. {image} {image}
THX Emmanuel7788 for analysis my charts!

One request if you can throw a link to all your indicators and template!
  • #69,007
  • May 11, 2016 8:32am May 11, 2016 8:32am
Hi everyone,

My first post. A general thank you to everyone who helps us beginners. I've made one or two successful trades, but also a few bad ones - however it's early days for me. I've subscribed and will continue to trade this way.

Wish everyone the best.
  • #69,008
  • May 11, 2016 9:04am May 11, 2016 9:04am
Hello guys, what do you think of AUD/USD this week, I'm selling since Monday when it broke through last weeks low at 0.73500 and made my First target at the historical Support 0.72500. I would like to hear someones opinion on this trade.
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  • #69,009
  • May 11, 2016 9:13am May 11, 2016 9:13am
Quoting emmanuel7788
{quote} you are not reading this thread on regualr basis and missed many posts each week. http://www.forexfactory.com/showthre...70#post8910070 http://www.forexfactory.com/showthre...30#post8908430 make sure you fly in formation every day.... HONK! HONK! {image}
sry for that sir.! i will sure to follow this thread day by day.. im still not consistent.. learning about trend. now for better entry..
  • #69,010
  • May 11, 2016 10:41am May 11, 2016 10:41am
This is my very first post ( although I have followed this fora for quite a long time). After I saw the wonderful video about the geese ( thank you Emmanuel!) I really felt that now I must join in, and fly together with all of you. I am an old and slow goose, and I can not yet post charts or anything else of interest to others. But I can at least present myself, give some feedback and say THANK YOU - with all my heart - to Emmanuel, and to many others. I really admire you Emmanuel for your kindness, your wisdom and your patience! It is such a good spirit in this fora, and I'm looking forewards to be an active participant when I retire next month. I have followed the fora for more than one year, red the posts (Elfrantz first) downloaded and red pdf. files, recommended books, practised demo etc. etc. But due to my job and life situation it have been too difficult for me to practice in a regular, focused manner - to post charts and participate in the discussions. I live in Scandinavia - in the GMT + 1 zone - and I work at night from NY close to 1 hour before FO open, 7 nights every second week. During the London session I sleep. At my "just-stay-awake"job I have plenty of time to read, and practise demo on a tablet, but it is difficult to follow-up on trades, post charts and participate in discussions. But very soon I will be able to do it! (Never posted anything in any fora before, so I hope it works).

Many regards and THANKS to all of you TMS traders
Inge
  • #69,011
  • May 11, 2016 11:28am May 11, 2016 11:28am
Nice set ups forming on USD/CAD and AUDUSD Daily charts.
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  • #69,012
  • Edited 2:14pm May 11, 2016 2:02pm | Edited 2:14pm
Will this be a good entry? This is USDCAD 1D. There is big divergence on 3 indicators, cross on TDI, HA change color, nice S/R???
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  • #69,013
  • May 11, 2016 2:17pm May 11, 2016 2:17pm
Helllo everyone,

I am waiting for the D candle close in 2 hours (at least my broker). I see some potential setups. Anyone else watching these pairs?

UC - D1 - found resistance at the 50 EMA. Weekly trend is strong bearish.
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NU - D1 - yesterday s candle was a hammer/hanging man on my charts. today was bullish. However, i don t like the way it looks on Weekly.

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Regards,
Bill
focus, manage risk, rinse, repeat
  • #69,014
  • May 11, 2016 3:58pm May 11, 2016 3:58pm
Quoting emmanuel7788
{quote} also what has this video to do with trading TMS? https://www.youtube.com/watch?v=_mFdLIrkETQ HONK! HONK! {image}
That we should patiently wait for the right setup, at the right level.
  • #69,015
  • May 11, 2016 4:40pm May 11, 2016 4:40pm
Quoting bill992
Helllo everyone, I am waiting for the D candle close in 2 hours (at least my broker). I see some potential setups. Anyone else watching these pairs? UC - D1 - found resistance at the 50 EMA. Weekly trend is strong bearish. {image} NU - D1 - yesterday s candle was a hammer/hanging man on my charts. today was bullish. However, i don t like the way it looks on Weekly. {image} Regards, Bill
Pay attention to the two candle formation on W1. And when you say that today was bullish, make sure it was a convincing bullish bar. So be careful.
  • #69,016
  • May 11, 2016 4:44pm May 11, 2016 4:44pm
Hello Lovely People,
I took a sell in USDCAD but it was more like the sell took me instead.
I am still trying to understand why this beautiful trade took the other way.
Could someone be kind to shred more light on my dark trade.
Thank you in advance,

Regards,
EF
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Motivation is what gets you started. Habit is what keeps you going
  • #69,017
  • May 11, 2016 6:10pm May 11, 2016 6:10pm
Quoting efestus
Hello Lovely People, I took a sell in USDCAD but it was more like the sell took me instead. I am still trying to understand why this beautiful trade took the other way. Could someone be kind to shred more light on my dark trade. Thank you in advance, Regards, EF {image}

Here is my view.
When you trade H1, that is very short term trading also what is commonly known as intraday trading or simply day trading.
You open and close your H1 trades within the same trading day, or open and close your H1 trades within the same market session.
Do not hold trades from one market session into the next market session like when you open a trades in the London session, it is better to close before the NY session open.
Exception is when you are in a strong trend and have your trades protected or have taken partial profits, then you can hold trades into the next market session.
Never hold H1 trade over the weekend especially when there not in profit.

You need Discipline for Day Trading.
Rule#16 - When your trade is not going anywhere after a given time, it's time to get out.

Attached File(s)
File Type: pdf Discipline for Day Trading.pdf   122 KB | 1,202 downloads


Learn to fly in formation of the TMS geese.

HONK! HONK!
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,018
  • May 11, 2016 6:12pm May 11, 2016 6:12pm
Quoting efestus
Hello Lovely People, I took a sell in USDCAD but it was more like the sell took me instead. I am still trying to understand why this beautiful trade took the other way. Could someone be kind to shred more light on my dark trade. Thank you in advance, Regards, EF {image}
Hi, Efestus!

I think you stayed too much in this trade. If you look at the last week close, you'll see a BUOB. But anyhow, the trade should not have been carried over on the next week, but rather closed before NYO on Friday. I took a quick look on D1 and H4 on the 5th of May. The charts looked bullish, and you sold. Although on H4 there was a cross down on the TDI, it was on the OB zone, and the TDI was not coming out of that zone at the moment of your entry. D1 was strongly bullish, with blue APBs and TDI crossed up. Always look at the HTFs, no matter how good the setup looks like on your current TF.

Many green pips to you!
  • #69,019
  • May 11, 2016 6:31pm May 11, 2016 6:31pm
Quoting emmanuel7788
{quote} Here is my view. When you trade H1, that is very short term trading also what is commonly known as intraday trading or simply day trading. You open and close your H1 trades within the same trading day, or open and close your H1 trades within the same market session. Do not hold trades from one market session into the next market session like when you open a trades in the London session, it is better to close before the NY session open. Exception is when you are in a strong trend and have your trades protected or have taken partial profits,...
Your teaching has been greatly noted Rabi,
I shall also learn to HONK with the TMS geese and flow with wind.
Thank you very much Sir



Quoting catalin_eros
{quote} Hi, Efestus! I think you stayed too much in this trade. If you look at the last week close, you'll see a BUOB. But anyhow, the trade should not have been carried over on the next week, but rather closed before NYO on Friday. I took a quick look on D1 and H4 on the 5th of May. The charts looked bullish, and you sold. Although on H4 there was a cross down on the TDI, it was on the OB zone, and the TDI was not coming out of that zone at the moment of your entry. D1 was strongly bullish, with blue APBs and TDI crossed up. Always look at the...
Thank you so much for your insightful words,
next time i shall look beyond the view of my H4 chart
you are indeed a master in the art.


Regards,
EF
Motivation is what gets you started. Habit is what keeps you going
  • #69,020
  • May 11, 2016 6:47pm May 11, 2016 6:47pm
I know I am very new here, But i want to say something to all new memebers like me. Guys if you have any question or looking for any type of indicator or explanation. Please use the "search in this thread" box that is on the top LEFT corner. all our questions are most likely answered over and over again.

this will help our Emm to answer the important questions that we all can learn from.

so as many of you wont read the entire thread, before you ask, make a 5 min research on the thread lol xD
I just discovered that I was using the TDI RED GReen the one that repaints the history but I just switched to TDI_RT. I think this will be a game changer.

happy trading to all of you
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