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Trading Made Simple

  • #73,801
  • Edited 4:34pm Dec 7, 2016 4:19pm | Edited 4:34pm
Quoting Bellow500
what are different between this method and medhi method? multitimeframe analysis?
Well the only similarities are that he uses TDI, Here we trade with Price action and We trade TDI crosses and before the cross if PA support this, above 80 and below 20 as possible oversold/overbought conditions. Stoch is not used here, but for training purposes, feel free to use it as Elfranz recommended it for beginners..

HA candles are used and read as well. I will post a template shortly.
It's in fear when people show what they truly value.
  • #73,802
  • Dec 7, 2016 4:42pm Dec 7, 2016 4:42pm
Quote
I am looking for this
what's looking mate bye?
  • #73,803
  • Dec 7, 2016 4:45pm Dec 7, 2016 4:45pm
Quoting Bellow500
{quote} Level 80/20 of what if u don't use stochastic? if u post any example chart is more simple,i want use PA and tdi for confirm it :-)
Level of TDI..
It's in fear when people show what they truly value.
  • #73,804
  • Dec 7, 2016 4:46pm Dec 7, 2016 4:46pm
In my big picture plan in weekly chart I saw usd cad in sell position and I waiting for daily chart tdi and break my big picture plan line and get sell position in daily chart
Sorry for my terrible English
Quoting saranga
{quote} what's looking mate bye?
  • #73,805
  • Dec 7, 2016 4:51pm Dec 7, 2016 4:51pm
Quote
In my big picture plan in weekly chart I saw usd cad in sell position and I waiting for daily chart tdi and break my big picture plan line and get sell position in daily chart
Sorry for my terrible English
open long 16/12.05
target 500pip risk 300pip week stong tdi close
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  • #73,806
  • Dec 7, 2016 5:06pm Dec 7, 2016 5:06pm
Quoting saranga
{quote} open long 16/12.05 target 500pip risk 300pip week stong tdi close {image}
I think you meant opened short?
Success means going from failure to failure without loss of enthusiasm
  • #73,807
  • Dec 7, 2016 5:09pm Dec 7, 2016 5:09pm
I think your mean open short
Quoting saranga
{quote} open long 16/12.05 target 500pip risk 300pip week stong tdi close {image}
  • #73,808
  • Dec 7, 2016 5:12pm Dec 7, 2016 5:12pm
Quote
I think you meant opened short?
Quote
I think your mean open short
yes right
  • #73,809
  • Dec 7, 2016 5:17pm Dec 7, 2016 5:17pm
Template Number 1 picture and Download. Average price bars, 5 EMA Typical Price, shift +3, with candle overlay for price action reading. (Expand images)
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-07_22-54_MetaTrader.jpg Size: 60 KB

Attached File(s)
File Type: tpl PAAPB 1.tpl   4 KB | 266 downloads


Template Number 2: Simple Japanese candles. For planning and setting support/resistance levels in market. Also for better look at price action. 55 EMA and 200 EMA also included.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-07_23-02_MetaTrader.jpg Size: 82 KB

Attached File(s)
File Type: tpl Planning template.tpl   2 KB | 254 downloads


Option 3.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-07_23-07_MetaTrader.jpg Size: 110 KB

Attached File(s)
File Type: tpl Option 2 .tpl   4 KB | 235 downloads


Option 4
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Attached File(s)
File Type: tpl option 4.tpl   5 KB | 237 downloads



You will need the Synergy average price bars for you charts to look like the above images... The images may not give the best representation but all the templates contain open, high/low close over lay so you can see actual price.
Attached File(s)
File Type: ex4 Synergy_Average_Price_Bars.ex4   14 KB | 266 downloads


Good Luck.. Post charts!!
It's in fear when people show what they truly value.
  • #73,810
  • Edited 10:52pm Dec 7, 2016 5:28pm | Edited 10:52pm
Quote
Template Number 1 picture and Download. Average price bars, 5 EMA Typical Price, shift +3, with candle overlay for price action reading. (Expand images)
hi Buddies new trader really want A to z read this post and trading experience not other road..............
  • #73,811
  • Dec 7, 2016 9:39pm Dec 7, 2016 9:39pm
emma post,

You are looking more at the technicals and that is only 10% maybe even much lesser what trading is all about.

Those two trades were to show how having a proven money management strategy will help you make money in a small price swings under different market types.
Do you see the Strength, Weakness, Opportunities and Threats of those two trade setups and the market type?
Long term successful trading is to develop your own winning trading systems which fits you, - your personality, your temperament, your trading style, your financial position, etc.
A winning trading system can be broken down to:-
10% - the method, all the technical stuff on chart reading, analysis, proper use of technical indicators, price action skills, etc.
30% - is the money management strategy, choosing a proven money management strategy which matches the SWOT analysis.
60% - the mind, i.e. the mental fitness how the trader manages his/her psychology as a trader.
Doing your Big Picture Plan and having a trade plan after having done your SWOT analysis of your charts and deciding the money management strategy to adopt for the setups you see will determine your long term survival in this brutal spot forex market.
If you chose a currency pair which has a 20-days trading average of 210 pips and expect to hit a 200pips trade in one day, you are picking tops and bottoms and when you do that you are relying more on luck rather than your skills. When you rely on luck, it is very hard to make a supplement income to your day job and especially not possible if you want to trade for a living. When you want to make those pips, you can use multiple entries and doing it with a small initial risk will give you a healthy reward to risk for your trades. You can make 200pips in a price swing of 120pips.

We need to think outside the box. If you think only about the 5-Method, you will remain in the box.

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

  • #73,812
  • Dec 7, 2016 11:44pm Dec 7, 2016 11:44pm
new trader all post file
Attached File(s)
File Type: pdf MC+Method.pdf   262 KB | 889 downloads
File Type: pdf Money management strategy ideas.pdf   371 KB | 990 downloads
File Type: pdf Money Management.pdf   301 KB | 642 downloads
File Type: pdf Three Powerful FOREX Price Patterns.pdf   1.8 MB | 781 downloads
File Type: pdf Trading Made Simpler Method.pdf   785 KB | 1,016 downloads
File Type: pdf Training charts - TMS Thread.pdf   8.3 MB | 1,006 downloads
  • #73,813
  • Dec 8, 2016 12:55am Dec 8, 2016 12:55am
Quoting saranga
{quote} open long 16/12.05 target 500pip risk 300pip week stong tdi close {image}
you are selling against the guppies?

slightly risky.
  • #73,814
  • Dec 8, 2016 1:03am Dec 8, 2016 1:03am
Quoting Bellow500
what are different between this method and medhi method? multitimeframe analysis?
same concept.

but medhi method utilises the stochs to verify strength of the bull / bears.
  • #73,815
  • Dec 8, 2016 1:19am Dec 8, 2016 1:19am
Quoting pips29
{quote} Hi bodal, I will try to keep it neat on this thread. I rarely post in Likica's thread for she trades the 30 min. As traders trade the 1h,4 h and daily here, I think it's best I post here. I wonder where she's been as she's gone awol
Hi Pip29 ,
Yes I do noticed that Likica seems not to be there since some days and I must admit that I would have seen with pleasure a good trader like you , posting in this excellent thread (TMS M30 Likica'style !) for the betterment of us all followers !
But as I follow this one (the origin ) too , nevermind keep on posting your interesting trades and charts.
thank you and best regards
  • #73,816
  • Dec 8, 2016 2:29am Dec 8, 2016 2:29am
Quoting ensale
Template Number 1 picture and Download. Average price bars, 5 EMA Typical Price, shift +3, with candle overlay for price action reading. (Expand images) {image} {file} Template Number 2: Simple Japanese candles. For planning and setting support/resistance levels in market. Also for better look at price action. 55 EMA and 200 EMA also included. {image} {file} Option 3. {image} {file} Option 4 {image} {file} You will need the Synergy average price bars for you charts to look like the above images... The images may not give the best representation...
ensile, thank you for the charts; after my post (73,771) I took time to study the construction of the template and indicators and it all became a lot clearer! I now have charts very much more like those you have posted. I'm sure there will be many more questions from me but people in this thread are very helpful and understanding... Thank you all.

awm
  • #73,817
  • Dec 8, 2016 3:09am Dec 8, 2016 3:09am
Quoting Nik-Nyc
{quote} Awn, Good observation. HA/Apb's are an integral part of tms/5-method. They are designed to smooth the price (by using averaging), and among their many uses they are good at showing momentum/strength. Their main advantage is that due to their averaging of price, they smooth out retracements which often are the cause of prematurely closing a trade. Many traders, including BigE, prefer HA/Apb because they help keep emotions in check and therefore lead to taking larger chunks of a swing. The limitation of HA/Apb is that they hide real price,...
Nik-Nyc,

I full understand your comments and after starting to read more on price action feel that I should be paying more attention to the price story.... As I find the integrated chart somewhat busy I have considered pulling up two charts, one with HA/Apb and the second with conventional candles. I'll practice with both methods and see which is most effective for me. I will initially work with the D1 / H4 and H1 time frames.

Thanks for your help and advice. awm
  • #73,818
  • Dec 8, 2016 3:53am Dec 8, 2016 3:53am
took this long a bit late. TDi bounced off the red and 50 line and also above mbl...let's see
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 57 KB
the cautious seldom err....C
  • #73,819
  • Dec 8, 2016 3:58am Dec 8, 2016 3:58am
Quoting bodal
{quote} Hi Pip29 , Yes I do noticed that Likica seems not to be there since some days and I must admit that I would have seen with pleasure a good trader like you , posting in this excellent thread (TMS M30 Likica'style !) for the betterment of us all followers ! But as I follow this one (the origin ) too , nevermind keep on posting your interesting trades and charts. thank you and best regards
thank you bodal, I am flattered and tempted
the cautious seldom err....C
  • #73,820
  • Dec 8, 2016 4:03am Dec 8, 2016 4:03am
not a pair I normally trade but was was tempted and so entered....let's see
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHFH1.png Size: 64 KB
the cautious seldom err....C
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