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Trading Made Simple

  • #71,401
  • Sep 22, 2016 11:55pm Sep 22, 2016 11:55pm
Quoting Gniraw
Hi everyone, Really new to forex and learning something new every day, on a demo account currently and going through the baby pips school which is helping a lot! I have placed a few trades so far and losing on most of them, am I okay to be uploading entry's to get some feedback on them and then exits as I am not to sure if my entry's are correct. I am also struggling with the 5EMA Typical Price, Shift+3, what this mean and how to use it? I read "Look for the setup candle, the candle which closes above the 5EMA for buy and below the 5EMA for sell"...
5EMA
answer is in Post#261

then read post#647

is there a reversal? if there is s reversal , do the TDI confirm with a Green cross Red.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,402
  • Sep 23, 2016 2:10am Sep 23, 2016 2:10am
GBPJPY H4 Sep 23 LO.

Something to consider when this current H4 closes in 1Hr 50Min

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week 38 H4 sep 23 LO.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,403
  • Sep 23, 2016 3:01am Sep 23, 2016 3:01am
Quoting Tekkies
{quote} The 5ema was a leftover from a system that BigE was testing. As the system developed the 5EMA and Stoch was later removed by BigE and he only used TDI cross. (please correct me if I am wrong) As for your charts. USDCAD - to close to the 32 line - red down, green up so the cross is not 4/6 look at the other crosse red and green are pointing in the same direction more or less - red shows a strong momentum down have you checked D1 TDI is going down so you placed a order against the thread - candles are long. what might have confused you is...
Thanks for the reply Tekkies.

So should I be using the 5EMA or Stoch or is that entirely up to me and my personal preferences? Im wanting to start as simple as I can and build it up from there so would it be better to be just using the TDI?

I didn't even knew that mattered were the 32-68 line was on the TDI I thought you were referring to the stoch so I should be wanting it to be around the 50 mark, learned something new today already!
When you talk about the cross so the Red would want to be around 4 and the green at 6? and like wise for red at 2 green at 12? I thought the 4-6 and 12-2 was just the direction at what the green line was pointing after it crossed or is this wrong?

I checked the 1D charts for both and the AUSUSD was a strong buy on the 1D chart were it was to sell on the 4H chart, should I have not took the trade, maybe waited until the PA starting to go back up and get in then? Same for the USDCAD I bought on the 4H Chart while the 1D chart was hammering it down!

I will have a good look at the links and TMS for newbies.

Many thanks for the all the helpful advice Tekkies!
  • #71,404
  • Sep 23, 2016 3:38am Sep 23, 2016 3:38am
Quoting emmanuel7788
GBPJPY H4 Sep 23 LO. Something to consider when this current H4 closes in 1Hr 50Min {image}
I have different H4 chart, but i'll try.

It seems a good short setup:

-Downtrend;
-GBP is te weakest currency, JPY the strongest;
-If this H4 candle close a this level it would be a confirmed breakout of the consolidation area ;
-Previous H4 support has become a resistance.

I think a good target could be the low of the last big green bar (22/09 04:00, looking at this chart).

What do you think?
It's not over, until I win.
  • #71,405
  • Sep 23, 2016 3:54am Sep 23, 2016 3:54am
Quoting ItaTrader93
{quote} I have different H4 chart, but i'll try. It seems a good short setup: -Downtrend; -GBP is te weakest currency, JPY the strongest; -If this H4 candle close a this level it would be a confirmed breakout of the consolidation area ; -Previous H4 support has become a resistance. I think a good target could be the low of the last big green bar (22/09 04:00, looking at this chart). What do you think?

I think when we have different broker server time , we have different H4 candles.

we can look at H1 because all H1 charts looks the same, the price action is more in smaller details which can be useful to TMS PASR traders.

see below H1 chart.
lots of different way to get into this trade... even before the H4 closes.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week 38 H1 Sep 23.png Size: 91 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,406
  • Sep 23, 2016 4:20am Sep 23, 2016 4:20am
STILL IN DEMO

learning from the best and keep learning
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  • #71,407
  • Sep 23, 2016 4:39am Sep 23, 2016 4:39am
Quote
Learning more and more about the markets only to avoid pain will compound his problems
because the more he learns, the more he will naturally expect from the markets, making it all
the more painful when the markets don’t do their part. Mark Douglas

greed leads to lost pips - lost pips leads to search'n - search & u will find the darkside of price
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB
  • #71,408
  • Sep 23, 2016 5:08am Sep 23, 2016 5:08am
Quoting griffinssoul
greed leads to lost pips - lost pips leads to search'n - search & u will find the darkside of price {image}
In that image, the angle of the arrows are different on D1 and W1 compared to H4, what does mean the circles and squares under arrows?
  • #71,409
  • Sep 23, 2016 6:38am Sep 23, 2016 6:38am
Quoting Gniraw
{quote}
Hi
Keep chart clean, keep chart simple, learn prices action and yes your personal preferences aswell. What works for me might not work for you.

BigE, emmaunul7788,lookleft and others have all ready answered all you questions.
Post for the clock -643, 1793, 1826, 7625
No
red and green must face in same direction and between 12/2 - 4/6
closer to 12 the stronger momentum up, closer to 6 stronger momentum down
TMS 5-Method Basic Rules.pdf
Attached File(s)
File Type: pdf TMS 5-Method Basic Rules.pdf   873 KB | 1,336 downloads

BigE full.pdf - http://www.forexfactory.com/attachme...0&d=1468604189

Now back to those blooming losing trades. Wonder how I painted myself into a corner again........
  • #71,410
  • Sep 23, 2016 6:57am Sep 23, 2016 6:57am
Quoting emmanuel7788
{quote} 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...

GBPUSD Week 38 ME/ME trades closed.

A slow moving week. Decided to close all trades before NY open and not risking price pullback when NY session open.
Trade according to my trade plan made for this week.
Total close 391 pips for this pair.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 38 MEME trades.png Size: 112 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,411
  • Sep 23, 2016 7:05am Sep 23, 2016 7:05am
GBPJPY Sep 23 H1 trades closed.

it was 'set and forget' with exit at BRN 131.00

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Week 39 Sep 23 H1 trades.png Size: 39 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,412
  • Sep 23, 2016 7:35am Sep 23, 2016 7:35am
Quoting griffinssoul
{quote} greed leads to lost pips - lost pips leads to search'n - search & u will find the darkside of price {image}
That bad?
  • #71,413
  • Sep 23, 2016 10:35am Sep 23, 2016 10:35am
You never know how close you are and how far you are but you gotta keep going! and One thing for sure you can't learn everything thing in this thread

Have a fun Weekend all!
Attached Image
It's in fear when people show what they truly value.
  • #71,414
  • Sep 23, 2016 2:25pm Sep 23, 2016 2:25pm
Quoting Tekkies
TDI for me is the Holy Grail. My win rate is about 85 - 90% with with all rules applied..."
Wow, really impressed.
You can in the longterm keep this rate ?

You make me thinking I should more respect this .
i l have an eye on your Explorer, now it shows not 85% ´.
I am curious about it.

Danke .
  • #71,415
  • Sep 23, 2016 8:07pm Sep 23, 2016 8:07pm
Hello Emmanuel 7788,

Been reading through the thread taking it all in. Can't believe this thread is at over 3500 pages. Keep it going! Have a question for you. Are you still using the settings you posted for the real time TDI.

10
5
34
3
1
7

Thanks for all your hard work!
  • #71,416
  • Sep 23, 2016 8:25pm Sep 23, 2016 8:25pm
Quoting Hanni
{quote} Wow, really impressed. You can in the longterm keep this rate ? You make me thinking I should more respect this . i l have an eye on your Explorer, now it shows not 85% . I am curious about it. Danke .

85% to 90% in rate in retail forex trading is exceptional. It is not sustainable over long term. Very rare few traders can achieve and consistently maintain such win rate over a 3 years period. I am not saying that cannot be achieved but it is very rare and consistency is really the key.
Many newbie traders come to forex trading thinking that they can make lots of money. In 2012 a newbie joined a skype group and his aim was to trun a $5k to one million in 5 years. He obviously read a lot of forex trading stuff and he can quote from well know book authors. He had some knowledge but he did not have the experience in the market.What happened the past 5 years since 2012? Well he started trading with moving averages thinking that the 10EAM and 200EMA are sort of market dynamic support and resistance. Then months later, he ran into Bollinger Bands believing it is sort of holy grail when he can buy and sell when price extended put of the extreme of the bollinger bands upper and lower limits. Again few months later, he chance upon the wonders of fibonacci numbers and how those magical numbers can be used in tracing chart patterns so called market harmonics and trading reversal zones.
Well, in a span of 4 years, this same rookie trader has changed his trading system/methodology 4 times, each time after he blew several of his trading accounts. He did not achieve nor anything close to doubling his initial $5k account. Today he is still trading with small account - $1k, $2K, $5k, etc.
For someone living in the USA with median annual income about $55k, those small account are not significant. Some traders even consider them as money you can afford to lose.

For newbie traders, think and start with realistic objectives and targets which are SMART = Simple, Measurable, Achievable, Realistic and Time-based.
Allow yourself the time to learn, gain the knowledge and experience. If you can commit 3 to 5 hours everyday for the next 2 to 3 years, you will learn a lot and have that higher probability to make it to become a trader. It is like spending 3 to 4 years in university.

Start small with win rate of 30%, then 40%, then when you can achieve 50% win rate and maintain that consistently over a 3 years period or 1,000 trades, I will show you what you can consider to your trading business plan to raise that win rate to 65%. You do not need dream of win rate of 70% and above. Keep that as your dream.

Have a fun weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,417
  • Sep 23, 2016 8:32pm Sep 23, 2016 8:32pm
Quoting goathed1
Hello Emmanuel 7788, Been reading through the thread taking it all in. Can't believe this thread is at over 3500 pages. Keep it going! Have a question for you. Are you still using the settings you posted for the real time TDI. 10 5 34 3 1 7 Thanks for all your hard work!

Yes, those are the 'golden numbers' for my TDI setting. for quite long time. maybe those will be the state power-ball draw numbers in the coming weeks, months,

In fact, I have added 20 to my Fozzy RSI and considered to drop the 34. But to be consistent with the Synergy Pro traders, I keep the 34 on my charts.

About powerball, I met my neighbour at a mall this week, he spends $100 every week in those lucky ball draws. He said that $100 is 'hope money' he gives away to his community every week.

Edit:

Focus more attention on the price action of the price above to see the price momentum. The RSI / TDI will show you the momentum after the fact, both RSI/TDI are lagging the price and its momentum.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,418
  • Sep 23, 2016 8:44pm Sep 23, 2016 8:44pm
LOL. I have been comparing the default settings with the settings you use and have noticed less whipsawing with the latter.
Quoting emmanuel7788
{quote} Yes, those are the 'golden numbers' for my TDI setting. for quite long time. maybe those will be the state power-ball draw numbers in the coming weeks, months, In fact, I have added 20 to my Fozzy RSI and considered to drop the 34. But to be consistent with the Synergy Pro traders, I keep the 34 on my charts. About powerball, I met my neighbour at a mall this week, he spends $100 every week in those lucky ball draws. He said that $100 is 'hope money' he gives away to his community every week. Edit: Focus more attention on the price...
  • #71,419
  • Sep 23, 2016 8:48pm Sep 23, 2016 8:48pm
Quoting AlexoBrawler
hello guys, I wanted to ask you something, how many trades do you enter at day? how many pips do you make at day? I'm already watching 8 charts and using the D1 to see the trend and make my decisions to trade on H4 and H1 but only when there are signal on the same trend... no much entries at day, this is normal right? because last week learning the system lost a lot of pips because I was entering on every "signal", both on trend or against... If you could add an advice will be great, thanks

Hi AlexoB,

which 8 pairs / charts do you have in your watchlist?

I am sure there are enough trade opportunities every week to get 5 good trades.

Maybe you should consider using that yellow MBL on your trading charts because that can help you look for trades in lower TF H1. You don't always need to look for reversal setups and trade entry on APB#1 and APB#2 like Big E used to do. Nothing wrong to enter on APB#3 and APB#4 when the reversal is confirmed.
Always start looking for trade opportunity from the higher TF. Start on D1 chart, know the PA and the direction (use the 5EMA). Then go down to the H4, same approach look at the PA then the TDI and the direction. On H1 you can trade both ways - follow the higher TF direction bias or a counter trend against the higher TF. H1 intraday trading is tricky, do not be greedy for lots of pips. Just grab what the market give you and run away and look for a next opportunity.

Big E said in his post link below,use the yellow line of it gives you more confidence,so why not consider that.
http://www.forexfactory.com/showthre...49#post4666649

Start posting your charts and I will share with you what I see everyday when I trade. Five eyes better than Four eyes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #71,420
  • Sep 23, 2016 8:51pm Sep 23, 2016 8:51pm
Quoting ensale
You never know how close you are and how far you are but you gotta keep going! and One thing for sure you can't learn everything thing in this thread Have a fun Weekend all! {image}
http://www.forexfactory.com/attachme...1&d=1474644942


wow, some people come that close and gave up. you never know how close you are ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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