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Trading Made Simple

  • #72,781
  • Edited 2:15pm Oct 28, 2016 5:37am | Edited 2:15pm
Hi Emmanuel, I have some questions that i'm curious about when basket trading, hope you can answer them so I can learn but feel free to not to if you think its not relevant in this thread

About your basket/MEME style, how would you avoid a bear trap like that last EA H4 bear candle before the price went up? if you start a LTF short basket there using it as Setup, how would you recover? or just take the loss? or any other scenario where you enter on the end of a trend. I took a loss on this candle that costed me a week of proffits
Do you hedge? I noticed that in your average entry order indicator posted some time ago, you have 2 lines for average, one for shorts one for longs
Do you open orders/basket on correlated pairs at same time, or avoid it for it may increase risks?
Do you have a recovery strategy when in DD? would you talk about it?
This one I already asked but still cant understand, you have hard stop loss, but it doesnt mean to be reached, so when do you cut your losses? if the signal on HTF got invalidated?

Thanks and sry for so much questions
  • #72,782
  • Oct 28, 2016 6:25am Oct 28, 2016 6:25am
Hy Emm

Quoting emmanuel7788
US GDP data in 20mins.. anyone want to make a guess the first spike for USDJPY and AUDUSD. I say first spike is anti-USD then pro-USD to finish the hour.
I love news like that, Especially when i have a clear wiev of what market is doing. I found that in most of the case the news is just a way to "accelerate" the technical situation, and it's not unusual to find good entry points with exceptional R/R.


About money management.

I keep having problems in defining what kind of MM suits me.

I think there are basically 2 systems: let the profits run as much as you can or pick a trade with estabilished risk reward ratio (am i wrong?).

Now, I prefer the second phisolosphy as i did found out i'm very good at finding entry point, so i can just enter a trade knowing in advance where to put my SL and TP profit. Kind of "set and forget" approach, maybe not the best but you can still make some money out of that.

I usually trade with a risk/reward ratio of 1:1,10. I could increase it, i'm studying my operations in order to have a clearer idea of what is best for me, but the main thing i really love is that you can get a specific plan out of this numbers, so i can calculate my teorichal profit by putting in excel my equity, number of operations i am suppose to do in a year, percentage of equity i decide to risk at every trade and risk/reward ratio.

For example:

With 5.000 dollars equity;
630 operations (in 10 months, about 3 per days);
1,10 risk/reward ratio;
2% of equity risked per trade;

I'd need 58% of winning trades to achieve 1.254% return, 62.000 gross profit.

I think it can be done, any suggest?

I'm reading Van K. Tharp's books, i'm looking for a breaktrough.

Have a nice day.
It's not over, until I win.
  • #72,783
  • Oct 28, 2016 7:47am Oct 28, 2016 7:47am
Quoting emmanuel7788
{quote} TDSI (10,5,34,3,1,7) 5= Typical Price 3= Period of the Price Line or commonly known as the Green line. 1= Exponential moving average everything you need to know about the Traders Dynamic Index Post#72,156
Emm,
Thank you very much for the info. Appreciate it.
  • #72,784
  • Edited 8:42am Oct 28, 2016 8:22am | Edited 8:42am
Quoting lisat
{quote}This is what I meant about the signals - the tdi used is the one that stays as it is at the beginning of the candle and not refreshed. Taking this mornings signals purely on support/resistance good tdi cross and higher timeframe tdi these would have been taken no wonder eelfranz filled his wheelbarrow with not much difficulty. Others signaled but either had not closed below a pivot or were hovering above. These are only on the ones I watch and I watch 8 pairs. {image} {image} {image} {image} {image}
superb - thats the idea lisat - glad 2 c u r start'n 2 understand wat Big E was try'n 2 say ....... IMO as u get more practice u get so u dont even have 2 tink about it - its just there in front of u - its a way cool feel'n
  • #72,785
  • Oct 28, 2016 8:29am Oct 28, 2016 8:29am
Quoting TalentTrader
Hi All, I am quite new to FF. And this thread has caught my attention. Could I have a good place to start within this thread? I realized at the start it was talking about TDI. but it seems to me that this thread has evolved quite abit. A little help here for a new guy? Thank you.
hey TalentTrader - im still using Big E's strategy on page 1 ......... for me - the stratergy hasnt evolved but i have as a trader ....... Big E was a clever trader wasnt he
  • #72,786
  • Oct 28, 2016 8:42am Oct 28, 2016 8:42am
Quoting Zuiko
{quote} hello Griffin, after 9 months lurking around here learning about TMS finally i forced my self to sign up and join in order to get answer for my un answered question. i see that you are not using 5 ema instead of ema/sma 1 without shift3 to mimic line chart maybe? how did you trade with that line chart+HA+TDI cross? please give me some light thanks
hey Zuiko - im flattered u sign up to ask me a un answered question ........ u r right i dont use the 5ema - after i get more practice i find i didnt need it - the close line [ not 4 dry'n washing] is more important 4 me so i can see candle close wit HA candles ...... welcome 2 TMS
  • #72,787
  • Oct 28, 2016 9:18am Oct 28, 2016 9:18am
Quoting kokopelli7
{quote} Hello Im sorry for the basic question, about the setup candle, your setup candle means we enter trade after setup candle closed? or at the beginning of setup candle?
A set up candle usually is the first candle, so if you see a clear cross (not a touch) btw red and green on tdi hand every things looks good is good for entry. Just remember to check the forex basics.
  • #72,788
  • Oct 28, 2016 9:23am Oct 28, 2016 9:23am
Quoting emmanuel7788
{quote} In this 5-Method, we use the 5EMA, Typical Price, Shift+3 as the direction of our trades. Price action above the 5EMA is buy only. Price action below the 5EMA is sell only. Every other moving average you add on your charts are your own choice and you must have your own reason why you use them. The TDI shows us the momentum of the price not the price trend. But when both the price trend and the momentum trend are in Synergy, then we are in the business to make money. but if you want to use the TDI which is the RSI to determine the market...
Thank you for Suggestion I will study this 2 books.

IF any one have any suggestion Welcome.

thank you
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MA provides the market's current direction and strength.
  • #72,789
  • Oct 28, 2016 9:24am Oct 28, 2016 9:24am
Greetings to all fellow traders, where can I download the latest version of the system? Thank you.

Also don't bother sending or quoting, ex4. I only accept MQ4.
"When the answer is simple, God is speaking" (Albert Einstein)
  • #72,790
  • Edited 10:22am Oct 28, 2016 9:26am | Edited 10:22am
Quoting Fbps
{quote} It was a perfect setup until the TDI did a 180 degrees turn. To me, this chart meets Big E rules or am I missing something? This is not a one-off chart, I've seen lots behaving in that manner. {image}
Fbps just saw the msg you wanted the pips green indi i had.. can't anymore as i lost pc, and don't remember where i get it but when find let you know

About your trade i have to say i did take it i just wish i leave it run for 5 candle more and i will have get the yesterday high and get more pips..
Is right what you said, Big E always say you focus on the time frame you are, but on that you should check all the forex basics before. I'm not pro like emm, griff and the others but what i have looked is also even you have a good cross and candle it can go the other way, just remember you can't win them all, cut loses soon and let winners run.
Keep practicing and good luck
  • #72,791
  • Oct 28, 2016 9:28am Oct 28, 2016 9:28am
Quoting griffinssoul
{quote} hey Zuiko - im flattered u sign up to ask me a un answered question ........ u r right i dont use the 5ema - after i get more practice i find i didnt need it - the close line [ not 4 dry'n washing] is more important 4 me so i can see candle close wit HA candles ...... welcome 2 TMS
I love TMS because its a safer strategy for me. We are not gambling to find the highest and lowest. If im not wrong, the reason we enter on candle 2 after HA colour change is so that we can have a place to set stoploss above or below the highest high or low.

ok so, you watch tdi cross and then wait for a closing HA colour change and enter on candle 2? Am i right?
  • #72,792
  • Edited 10:26am Oct 28, 2016 10:04am | Edited 10:26am
This are my trades i took few hours back,.. to show some common mistakes for overtrading. tired, or just you/me didnt look carefully for the Basics or all of them
The good thing on this I'm still and profit, small but on profit for this week.
You will see some of this that i got profit but you will notice other mistakes i did on the trades that i didnt write them.
Emotions used to play with me more before i write my rules down. sometimes they still as you will see in some of this trades, but the main problem for me today was overtrading.. too eager to trade that i just look TDI crosses (Wrong!!).
Follow Big E rules, and look for the basics and you will do just fine, can't win them all, but if you follow them you will have a good % of winners.
Trades 5 : 3 winners (some by luck) 2 loses
in a personal note. i Don't like 1Hr time frame
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  • #72,793
  • Edited 12:52pm Oct 28, 2016 12:41pm | Edited 12:52pm
Quoting griffinssoul
{quote} superb - thats the idea lisat - glad 2 c u r start'n 2 understand wat Big E was try'n 2 say ....... IMO as u get more practice u get so u dont even have 2 tink about it - its just there in front of u - its a way cool feel'n
I am quite sure once I get more used to it I will be able to see the setups without the need for the prompts but at the moment it helps me see things more clearly and of course with the logs it keeps helps to see how it really looked in realtime without the need for guesswork.

For now I am off on my holidays to the Canary Islands tomorrow for some sun and relaxation not a computer in sight. I will be back in 2 weeks
Success means going from failure to failure without loss of enthusiasm
  • #72,794
  • Oct 28, 2016 12:51pm Oct 28, 2016 12:51pm
Quoting Zuiko
{quote} I love TMS because its a safer strategy for me. We are not gambling to find the highest and lowest. If im not wrong, the reason we enter on candle 2 after HA colour change is so that we can have a place to set stoploss above or below the highest high or low. ok so, you watch tdi cross and then wait for a closing HA colour change and enter on candle 2? Am i right?
Zuiko :
TDI s KING on TMS. first if you see a TDI cross then check PA, if is candle 1-2 is your entry, you don't need to wait for the 2, but if for you works as confirmation is ok. but you can get in from the 1 candle when TDI cross, check forex basics and good luck

Quoting eelfranz
Entries and exits... 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. The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce... Exit your trade when the green TDI line goes flat, starts to hook over or makes a check mark reversal. If you add other things it will influence your decisions... usually to your detrament. Don't try to complicate it thinking it can't be this easy. Important to study TDI...
  • #72,795
  • Oct 28, 2016 1:47pm Oct 28, 2016 1:47pm
I have open a sell order at GbpJpy.
Have a look is It ok?

Since I am not a big fan of RSI or stochastic I use MACD.
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MA provides the market's current direction and strength.
  • #72,796
  • Oct 28, 2016 2:12pm Oct 28, 2016 2:12pm
Quote
I have open a sell order at GbpJpy.
Have a look is It ok?

Since I am not a big fan of RSI or stochastic I use MACD.
Attached Image (click to enlarge)
hey risk gbpjpy look h4 trand
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  • #72,797
  • Oct 28, 2016 3:40pm Oct 28, 2016 3:40pm
Quoting emmanuel7788
{quote} I LIKE when you build up a position when the market retraces by averaging-down with smaller risk trades, you must also think of scaling in (up-sizing) when the market run in your favour. Always have a maximum risk in your plan. I set my maximum risk to 2% of my trading account. Whatever the outcome , my risk is maximum 2%. Between your initial entry price and the maximum risk 'R' level, you can have maximum 5 average down entries aka ME trades to build up to one full position of 2%.. Sound complex, maybe but once you have a grasp of...


So, this is how it played out on the Daily EUR/NZD set up. My total risk was set to 1% of my account , which was set with all the pending buy limits.

I got filled on a retrace to position 1 at 1.5275. I then took profit at 30 points as I was nervous about the big news and wanted to close out all profit for the week beforehand. I took 0.05% profit on that 1 position.

So, I think I am clear how to add positions when price retraces, but not so clear - and psychologically more nervous - how to add positions as price moves in my favour.
  • #72,798
  • Oct 28, 2016 4:25pm Oct 28, 2016 4:25pm
Quoting chino
This are my trades i took few hours back,.. to show some common mistakes for overtrading. tired, or just you/me didnt look carefully for the Basics or all of them The good thing on this I'm still and profit, small but on profit for this week. You will see some of this that i got profit but you will notice other mistakes i did on the trades that i didnt write them. Emotions used to play with me more before i write my rules down. sometimes they still as you will see in some of this trades, but the main problem for me today was overtrading.....

looking at his 5 charts, the main problem is not overtrading.
it is definitely something else.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #72,799
  • Oct 28, 2016 4:45pm Oct 28, 2016 4:45pm
Quoting Fbps
{quote} Yes in earlier post 72,568 it says basic rule for trade management is when you trade the chart TF you also manage in that chart TF.
I do check the HTF, Fbps. ALWAYS.

When I started trading TMS, I took a sell trade, and I got enlightened by this post.
  • #72,800
  • Oct 28, 2016 4:55pm Oct 28, 2016 4:55pm
Quoting hasib
{quote} Thank you for Suggestion I will study this 2 books. IF any one have any suggestion Welcome. thank you {image} {image}
I suggest you start reading SnarlyJack's posts, since he started using the guppies. He still uses them today.
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