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Trading Made Simple

  • #71,301
  • Sep 16, 2016 2:26am Sep 16, 2016 2:26am
Quoting AlexoBrawler
{quote} hahaha thank you very much but I'm already reading it since yesterday, 'cause found it "googleing" Trading Made Simple Espaol, but instead something in spanish I found gold! the other of Phx62 will read it after Big E's
i always keep read'n these over & over ..... it really helps me ...... Phx62 traded the LO but u can learn many good tings from his book even if u dont trade exactly same ...... GL buddy

Quoting solorik
can anyone please mention the parameters for those movings "the two yellow moving averges" {image}
that is just the Envelope indi found in MT4 ...... Big E didnt use dat on this thread but u might find it cool 4 ur self
  • #71,302
  • Sep 16, 2016 2:34am Sep 16, 2016 2:34am
Quoting HereNow
{quote} Hey Bita... look at a shared system like a skeleton - a guide....as a trader you need to find your own rhythm....everyone interprets charts differently...so as much as the skeleton of the strategy is the TMS - we fine tune it to our own trading style.....
well said HereNow ...... i could never trade a fix template system ....... i tink they do this here in the TMS syndicate group http://www.forexfactory.com/showthre...95#post8845295 but i dont like the ME/ME method anyways

fierce trade'n btw buddy

Quoting marionetka
{quote} Hi Bita. The heart of enter is original TMS. But each trader can add their achievements. I trade only 4H and use original TMS and BPP. I would like trade 1H charts, but this TF have a particularity (Sedney, London, NY sesions) and not ready for this. The heart of enter is original TMS.
i agree - ex SJ added guppies - Phx62 added LO breakout - Lastingwell added MTF indi - LK added heaps of indis and only on M30 - Davit added Pivots .... etc and the list goes on..... make it ur own
  • #71,303
  • Sep 16, 2016 8:28am Sep 16, 2016 8:28am
Quoting gditmf9
Hi everyone! What do you think about those trades? Would you stay in? Lucky I'm on demo... The vertical lines were my entries yesterday, at the begining of the Sydney session when they all looked like nice bounce trades... {image} Yesterday : {image} {image} {image}
I closed my trades yesterday at a loss....

The drawdown was -1500 at a point, yesterday it was back to -600 so I figured it's better than -1500.

Look at that today!! Loll

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  • #71,304
  • Sep 16, 2016 9:04am Sep 16, 2016 9:04am
Breakout alter bearish pinbar looks great on EU
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Give me a lever long enough and a place to stand, and I will move the Earth
  • #71,305
  • Sep 16, 2016 9:14am Sep 16, 2016 9:14am
Quoting griffinssoul
{quote} .......update...... take'n heavy hits {quote} {image}
That was a tough trade, weekly bias is also bullish but then the candle pulled back......
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i was watching it carefully and moved SL when trade was in 61pips profit, hit my SL -14 loss but thankfully not a huge one
Winners Never Quit, Quitters Never Win
  • #71,306
  • Sep 16, 2016 9:28am Sep 16, 2016 9:28am
Quoting solorik
{quote} Can You Please Mention The Parameters For Moving Average Used In This Chart? Regards
Sorry for the late reply solorik, i'm using Synergy APB which included Price Action Channel as pointed out in detail by emmanuel's post
Here u go
Attached File(s)
File Type: mq4 Synergy_Pro_APB.mq4   6 KB | 520 downloads

Regards
Winners Never Quit, Quitters Never Win
  • #71,307
  • Sep 16, 2016 9:35am Sep 16, 2016 9:35am
GJ D1 trade closed for 64 due to Friday, next week i'm looking for the next resistance at 130.00. But remember PA is the king.
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Winners Never Quit, Quitters Never Win
  • #71,308
  • Sep 16, 2016 9:42am Sep 16, 2016 9:42am
Quoting hsn100
{quote} That was a tough trade, weekly bias is also bullish but then the candle pulled back...... {image} i was watching it carefully and moved SL when trade was in 61pips profit, hit my SL -14 loss but thankfully not a huge one
still a gr8 job buddy - when i scalp im like a savage animal get'n in & out .... bang bang bang ..... no time 4 analysis or pondering philosophy ....... i dont care if price moves more - there is no such ting as leavin pips on the tablet cause i got mine in my hand - when i swing/position trade its like im Bob Marley dude - all loose & relaxed - dont worry be happy
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  • #71,309
  • Sep 16, 2016 11:11am Sep 16, 2016 11:11am
Have a nice weekend everybody, I have a question due I got a signal on USD/CAD H4 chart but 3 hours later is not giving a good reason to continue, is this common? do I wait untill next H4 candle to close? (let's think this happens when I'm sleeping and I check it every 4 hours), the set up was wrong?

I just wanted to learn to see good signals, I know there will be signals that doesn't work fine but I wanted to thing that when we have a wrong signal we don't lose so many pips, or it's common too?

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  • #71,310
  • Sep 16, 2016 12:18pm Sep 16, 2016 12:18pm
Quoting AlexoBrawler
Have a nice weekend everybody, I have a question due I got a signal on USD/CAD H4 chart but 3 hours later is not giving a good reason to continue, is this common? do I wait untill next H4 candle to close? (let's think this happens when I'm sleeping and I check it every 4 hours), the set up was wrong? I just wanted to learn to see good signals, I know there will be signals that doesn't work fine but I wanted to thing that when we have a wrong signal we don't lose so many pips, or it's common too? attached Image {image}

Hi Alex

You are trading near a very complex area. You must have some good reason trading at this area. We all need space for price to move. But in this chart all we see a wall above .
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Sad i'm not trying to understand PA
  • #71,311
  • Sep 16, 2016 12:36pm Sep 16, 2016 12:36pm
Quoting AlexoBrawler
Have a nice weekend everybody, I have a question due I got a signal on USD/CAD H4 chart but 3 hours later is not giving a good reason to continue, is this common? do I wait untill next H4 candle to close? (let's think this happens when I'm sleeping and I check it every 4 hours), the set up was wrong? I just wanted to learn to see good signals, I know there will be signals that doesn't work fine but I wanted to thing that when we have a wrong signal we don't lose so many pips, or it's common too? attached Image {image}

looking at your chart,
you were chasing after the market. that very big candle and you enter after a big candle.
you don't get a good entry price with one single entry with that big candle.

remember what Big E said about Price Action and Supp/Res in his post#647 below:

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

How does the momentum look right now (12-2, 4-6)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,312
  • Sep 16, 2016 4:08pm Sep 16, 2016 4:08pm
@emmanuel7788 @omonisha thank you very much guys, both comments to be in mind, tonight I'm going to bed learning something new about this marvelous system, thank you again to you two and I hope you have a great weekend
  • #71,313
  • Sep 16, 2016 8:25pm Sep 16, 2016 8:25pm
Quoting AlexoBrawler
@emmanuel7788 @omonisha thank you very much guys, both comments to be in mind, tonight I'm going to bed learning something new about this marvelous system, thank you again to you two and I hope you have a great weekend
Just watch out for the 4H swing trades on Friday evening, They are not very reliable because people forgot what was happening when monday morning comes around and can possible make new directions, especially if there is news over the weekend.

gditmf9,
This system is good but you have to make correct entries to reduce drawdown and minimize large retracements against you (especially on 1D charts). You asked about your entry and I gave a response, it does not mean that the trade would not make a profit, after all there is only two directions up and down. The tdi cross on the close of the 9th September would be a good entry because you minimize loss and maximize profit. You could have a stop of 200 above the swing and a profit of 200 pips targeting 50% or 380 pips targeting the bottom of the range. When you enter at 50% range, your stops have to be bigger and your profit is smaller.

btw, I trade 1H charts, with 4h and 1D setting direction. I have previously tried other systems with 1D charts but found I needed too large stops and did not have courage to stay in for the large profits I would need to offset the losses.

I have attached my "BIG E" style charting for Friday. I only got one of these for 50pips so more learning to do yet!
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  • #71,314
  • Sep 16, 2016 10:40pm Sep 16, 2016 10:40pm
Quoting AlexoBrawler
Have a nice weekend everybody, I have a question due I got a signal on USD/CAD H4 chart but 3 hours later is not giving a good reason to continue, is this common? do I wait untill next H4 candle to close? (let's think this happens when I'm sleeping and I check it every 4 hours), the set up was wrong? I just wanted to learn to see good signals, I know there will be signals that doesn't work fine but I wanted to thing that when we have a wrong signal we don't lose so many pips, or it's common too? attached Image {image}
hey AlexoBrawler - u told me u read Big E's posts - but! - u did not follow the rules - this is y i tell noobs to keep read'n Big E & Phx62 over & over .......

u must[!] wait 4 candle close [usually candle #2 after cross] ..... practice the entries first - once u have them mastered then move on ........ dont worry about p/l 4 now just get the process right


Quote
We Enter a trade when green crosses red on the TDI at the beginning of that candle... If it's candle 3 or more don't enter... find another trade set up. Big E
  • #71,315
  • Sep 16, 2016 10:41pm Sep 16, 2016 10:41pm
Quoting omonisha
{quote} Hi Alex You are trading near a very complex area. You must have some good reason trading at this area. We all need space for price to move. But in this chart all we see a wall above . {image}
superb analysis buddy - as usual

Quoting AlexoBrawler
@emmanuel7788 @omonisha thank you very much guys, both comments to be in mind, tonight I'm going to bed learning something new about this marvelous system, thank you again to you two and I hope you have a great weekend
......the system is not marvelous - but! - the trader must be marvelous @ using the system
  • #71,316
  • Sep 17, 2016 12:19am Sep 17, 2016 12:19am
GU has started moving downward in large degree wave 5. It should move much lower. We should Sell Only to be safe. Trade well guys and good luck.
  • #71,317
  • Sep 17, 2016 6:09am Sep 17, 2016 6:09am
Quoting emmanuel7788
{quote} Price Action Channel Synergy PAC Post#21,284 Comparing Synergy PAC and Synergy_Pro PAC: Post# 54,119 if you search this thread with keyword = "price action channel" you will have some good posts to read. Also keyword "yellow brick road" by snarlyjack, a pioneer member who started with our OP eelfranz.
Best Of Regards
^_^
  • #71,318
  • Sep 17, 2016 6:27am Sep 17, 2016 6:27am
Hi All, My name is Rebecca and I would like to join your group. I read somewhere that you had a Facebook page, can someone fill me in on that? I've been watching this thread and others for a few weeks. I actually placed some very small (penny) trades yesterday and this truly seems doable with very few questions.
There are several TMS types of threads out there so if I misspeak, please let me know because I'm a little confused as to which is doing what.
One of the issues is EA's. I realize there are many completely opposed to applying an EA, it all MUST be manual. I am somewhat along those lines. I absolutely don't believe in the set it, forget it and all that is needed is spending the money. That is foolish.
I am toying around however with an EA for entries. I work a job, long hours and one of my issues over the years is I seem to always miss the entries. Not to mention, if programed correctly, an EA can take the emotions out of the entries. Having said that, I'm toying with letting it enter and I manage. I'm curious if anyone is doing this and what you're thoughts are on this.
A little about me, I would love to trade full time. I'm ready to leave the JOB (34 years in the oil and gas industry), but we'll see. I live in mid USA. I've been trading Forex for about 12 years and if there are any mistakes to be made, I have done all of them.
I look forward to getting to know all of you.
  • #71,319
  • Sep 17, 2016 11:45pm Sep 17, 2016 11:45pm
Quoting macajos
GU has started moving downward in large degree wave 5. It should move much lower. We should Sell Only to be safe. Trade well guys and good luck.
GBPUSD Week 39 Sep 19 to 23:

Looking at last week's bearish down move, we see downward momentum and overall stronger USD. So 'Sell Only' is the higher probability trade direction.

Sell only with ME/ME with ADR(100) days 142 pips use 0.25ADR(100) 43 pips as trade order distance.
Maximum 5 trades to build up to one full position.
Use your risk % to calculate your trade lot size.
SL above 1.33437 (week 36 high) ca RN 1.3450.
Average weekly range 52-weeks ATR is 346pips.

Look at previous price action PPA seen on H4:
watch out for PA bounce at BRN 1.3000 which is good to build position when price bounce off BRN 1.3000
next PPA H4 chart, first target is BRN 1.2900

based on H4 and H1 charts template, would be difficult to see any TMS 5-Method setups. Wait and see the NY open and the weekend gap, then look to sell using M15 setups. or blind sell order with ME/ME position building.

manage on H4 with view to the D1 chart price action. Look at the BRN bounce should that happen and the depth of the retracement 'bounce' from the High of week 36 High to the Low last week' Week 37.
Look at PA between the BRN 1.3100 and 1.3200.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,320
  • Sep 18, 2016 2:13am Sep 18, 2016 2:13am
Quoting emmanuel7788
{quote} Hi Lisa, I am a stock market trader since 1980's. I learned the use of the Standard Pivot from a floor trader. I know many professional traders use the Standard Pivot. When I started in forex trading, I also use the Standard Pivot for a few years. Then in 2013 a small group of TMS traders got together and we all did some studies, back-testing, forward testing and decided that we develop TMS to follow the way Big E traded using recent price action and look for the support and resistance and how he looked at the price behaviour around the...
I apologise for the very late reply I had been away most of last week and only managed to pop into here a couple of times. Your insights are very useful thank you for taking the time for such a detailed response
Success means going from failure to failure without loss of enthusiasm
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