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Trading Made Simple

  • #74,181
  • Dec 27, 2016 12:59am Dec 27, 2016 12:59am
Quoting JanCeulemans
{quote} Could not agree more. I also do not understand this. It was said before and before and still there seems to exist such a hunger for all these extra indicators which you really don't need.
It is mankind's hunger for ego boost.
"I am the man that bettered BigE's TMS"
  • #74,182
  • Dec 27, 2016 1:13am Dec 27, 2016 1:13am
I agree more than 100% with Tekkies and Jan Ceulemans and I have said it too more than once about not adding crappy indicators which won't help you. There are some indicators (crossing alerts red/green of TDI) which can help you. Especially when you have a lot of assets to watch. And there is a TMS Monitor which is also interesting. These adding ones don't change the basic concept.
Keep it simple without too many crappy indicators!
  • #74,183
  • Dec 27, 2016 6:27am Dec 27, 2016 6:27am
Attached Image (click to enlarge)
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H1 frame, right on the cross of the green/red, consolidation zone, will be over in the next few hours.
Those that can't, teach, and those that can, do.
Star Ribbean Return This Year: 0.1%
  • #74,184
  • Dec 27, 2016 7:38am Dec 27, 2016 7:38am
Quoting bistolis
{quote} here is a clearer view of the same chart. as a rule I dont take the trade if it doesnt cross the 5ema. and not against a strong daily trend. I would trade the retracement on a smaller timeframe. {image} and the same on 4H chart. I wouldnt trade inside the guppies (30-60ema band). again the trend is obviously up. I would "feel comfortable" buying on the next signal. {image} to summarize: I don't like the idea of shorting there on the daily timeframe
Hi bistolis, thanks for your explanation using clearer chart, could you please share your indicators which you used in these chart? they provided obversly trend.
  • #74,185
  • Dec 27, 2016 9:12am Dec 27, 2016 9:12am
I have open a buy order in usdjpy with TDI system. If you have any suggestion I am open to listen
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #74,186
  • Dec 27, 2016 1:07pm Dec 27, 2016 1:07pm
Quoting bunne
Hi all, I just placed some orders, please feel free to comment. Still learning. Edit: I closed the NZDCHF trade, as we have a master candle there. Slope and stoch were not that great too. I know that I am trading against the daily trend but its close to crossing TDI, might those be bad entries because of that or is it worth the risk here? Thanks, bunne {image} {image} {image} {image}
Hi Bunne,

Its great you are posting charts as this will expedite your learning process.

As you pointed out in your edit, all the trades seem to be against the trend on your trading timeframe (i did not check HTF). This is an important decision you need to make, do you want to be a trend trader, or also a counter-trend trader? Both can be profitable, but should you choose to also consider counter trend trades i would recommend tighter trade management rules, and perhaps even reduced risk right from the onset.

I also noticed that on CadJpy & CadChf you took a long tdi cross from below the 32 level. If you study long crosses below the 32 and short crosses from above the 68, you will discover they have a greater failure rate. Something to consider and perhaps construct a rule around.

Lastly, it seems two of the trades may have been taken before the signal candle closed. This is also unadvisable.

Continue reading and practicing . . . the reward is well worth your time and effort.

Best,
N

Attached Image (click to enlarge)
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  • #74,187
  • Dec 27, 2016 2:57pm Dec 27, 2016 2:57pm
Thanks for the reply Nik-Nyc,

I learned again Especially the -32 +68 crosses I need to avoid. I had nice results in my trades but they all evaporaded during the day Is it allowed to take crosses in the same direction in those oversold/overbought areas or better totally avoid those pairs? It seems a lot of pairs have a great amount of consecutive daily HA candles but the TDI is about to cross in opposite direction in daily. It fears me to go into that same daily trend on the 4H chart (in same direction) as I know there can be sudden revearsal. That is why I took the counter-trend.

Example below:

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Thanks,
bunne
  • #74,188
  • Edited 4:21pm Dec 27, 2016 4:00pm | Edited 4:21pm
Quoting bunne
Thanks for the reply Nik-Nyc, I learned again Especially the -32 +68 crosses I need to avoid. I had nice results in my trades but they all evaporaded during the day Is it allowed to take crosses in the same direction in those oversold/overbought areas or better totally avoid those pairs? It seems a lot of pairs have a great amount of consecutive daily HA candles but the TDI is about to cross in opposite direction in daily. It fears me to go into that same daily trend on the 4H chart (in same direction) as I know there can...
Bunne,

Glad my post was of assistance.

Regarding the extreme areas of overbought(68) & oversold(32) in any oscillator, TDI included, it is important to note that when price is trending the tdi and its crosses in those area are not useful. PA will not reflect as it normally does in the tdi when it is between 32 & 68. What can be useful if you are already in a position is to check the next higher timeframe to see where PA is in relation to that TF's extreme OB/OS area in the TDI. Otherwise, you can initiate a trade when price is in the extreme, but in a LTF after a retrace, or using non-tms style entries (outside scope of this thread).

You are correct there are many pairs with extended d1 candle runs, well over 3-8 average. Personally, i would not be looking to short (usdjpy) any of those pairs until their is a confirmed reversal/retracement on D1 (not h4). What that means is i will not catch the first leg of a reversal, but i will certainly be looking to catch the 2nd leg . . . just like the second mouse does :-)

Hope this makes sense . . . all the best,
N
  • #74,189
  • Dec 27, 2016 4:58pm Dec 27, 2016 4:58pm
Hi Fellow Traders,

Just for fun and for those who may be new to this thread I decided to record a little presentation, more some examples, on how TMS (Trading Made Simple) actualy works.

In this presentation I use the original setup as layout by Eelfranz. It will show you that nothing more than what you will see is needed for this system.
I recorded this presentation in a program called Forex Tester which is a peace of software specialy designed to test forex strategies. It happened that the TDI indicator is part of the standard indicators already built in.

Furthermore I started to test this from February 2015. As I start I have no awareness of what is going to happen, so this simulated trade is quite accurate.
As I was running the simulation in fast modus things may look a bit unclear maybe but I think you will get the point anyway.
Note also, that in Live Trading I would analyse more than what I did in this presentation.

Inserted Video


Hope you enjoy
First comes knowledge about yourself, then comes a system...
  • #74,190
  • Dec 27, 2016 5:25pm Dec 27, 2016 5:25pm
Jan,

That was an excellent video.
May I ask what EA are you normally using to set your SL, TP and TS? Also, what are your parameters for the H4 TF.

Sincerely,
John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #74,191
  • Dec 27, 2016 5:49pm Dec 27, 2016 5:49pm
Quoting DrForexMD
Jan, That was an excellent video. May I ask what EA are you normally using to set your SL, TP and TS? Also, what are your parameters for the H4 TF. Sincerely, John
Hi DrForexMD,

In live trading I do not use any EA. Everything I do is done manualy. In live Trading my SL will be at the last swing high/swing low of the 4 hr chart which I trade,
TS (Trailing Stops) I will not use unless I cannot be behind my screen for monitoring my trades. Eelfranz told us somewhere that on a 4 HR chart one can expect range for about 25 to 30 pips. So, I generaly set my TP somewhere in that range. However, depending on where I am (at my computer or not), how volatality is etc. I will monitor the trade for as long as the green TDI line is in my favor (pointing the right direction). Once it begins to flatten or retrace I may close my position.

In fact, all I do is following the strict guidelines set for us by Eelfranz and it works like a charm for me. Today I did test the strategy again on forex tester letting it run very fast and I took all test trades on green line crossing red preferable at the 68 level (seeking short) and 32 (seeking long). This also worked like a charm.

Jan
First comes knowledge about yourself, then comes a system...
  • #74,192
  • Dec 27, 2016 6:04pm Dec 27, 2016 6:04pm
At 00.00 Rome time - GMC+1 - I could not see any nice new set up today, either on D1 or 4h tf
  • #74,193
  • Dec 27, 2016 6:33pm Dec 27, 2016 6:33pm
Jan,

Thank you very much. I am sure BigE would be or is very proud of you
Lastly, would you share where to find the "Forex Tester"...is it just the Tester on the standard MT4? Or is that a separate EA for the MT4 Strategy Testeror a different Broker platform?
I think this is an excellent testing strategy for weekends or times of quiet Market times.

- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
  • #74,194
  • Dec 27, 2016 9:45pm Dec 27, 2016 9:45pm
Quoting Sanbernardin
At 00.00 Rome time - GMC+1 - I could not see any nice new set up today, either on D1 or 4h tf
The Christmas/New Year's period tends to be the worst time of the year to trade due to low liquidity. All the big players who actually have the capability to move price are all on holiday. It is probably best not to trade on HTF (or any TF) till the 2nd week of the new year.

This slow period of the year is best utilized studying, backtesting, reviewing previous years trades, creating/adjusting your trade plan for 2017.

All the best,
N
  • #74,195
  • Dec 27, 2016 10:03pm Dec 27, 2016 10:03pm
Quoting Nik-Nyc
{quote} The Christmas/New Year's period tends to be the worst time of the year to trade due to low liquidity. All the big players who actually have the capability to move price are all on holiday. It is probably best not to trade on HTF (or any TF) till the 2nd week of the new year. This slow period of the year is best utilized studying, backtesting, reviewing previous years trades, creating/adjusting your trade plan for 2017. All the best, N
thanks. I agree in general with your view but don't you think that even from the 3rd of January the market could be fit to be traded?
  • #74,196
  • Dec 27, 2016 10:18pm Dec 27, 2016 10:18pm
Quoting Sanbernardin
{quote} thanks. I agree in general with your view but don't you think that even from the 3rd of January the market could be fit to be traded?
I guess it depends who you ask. Personally i start trading again the 2nd week of january, and usually at half my normal risk for the first week to get back into the grove of things.

Don't forget the TDI is an oscillator and when viewed on d1 it will have numerous previous days of data in its calculation. On Jan 3rd the d1 TDI will still be reflecting low liquidity days from late december.

Emmanuel recently shared his schedule, have a look: http://www.forexfactory.com/showthre...83#post9380883

Best,
N.
  • #74,197
  • Dec 27, 2016 11:08pm Dec 27, 2016 11:08pm
GBPAUD

Just the price and location
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Sad i'm not trying to understand PA
  • #74,198
  • Dec 27, 2016 11:28pm Dec 27, 2016 11:28pm
recently entered (redline) in trade of d1 candle lets see what will happen tomorrow.
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  • #74,199
  • Dec 27, 2016 11:47pm Dec 27, 2016 11:47pm
Quoting JanCeulemans
Hi Fellow Traders, Just for fun and for those who may be new to this thread I decided to record a little presentation, more some examples, on how TMS (Trading Made Simple) actualy works. In this presentation I use the original setup as layout by Eelfranz. It will show you that nothing more than what you will see is needed for this system. I recorded this presentation in a program called Forex Tester which is a peace of software specialy designed to test forex strategies. It happened that the TDI indicator is part of the standard indicators already...
Thank your for your nice video. If you create more live video it will be great help for us. I am start learning TMS trading in h4 chart.
MA provides the market's current direction and strength.
  • #74,200
  • Dec 28, 2016 2:01am Dec 28, 2016 2:01am
Quoting zackery
@emmanuel: Thanks a lot for your last help regarding your view about CHF-Trades. 2 questions about your style: 1.how long do you hold your Trades in the Daily-TF? Based on the amount of candles (i.e. after 3 candles with no reaction=OUT or something like that??) or Price Action or Volume? Or at which point you are going to decide to go out of your Trade? 2.I have attached a screenshot from a Trade I had taken with a big loss after 5 days. Have you taken this Trade (why and why not) and how do you have handled this Trade if you were in? Thanks for...
Hi Zack,

D1 chart trading is Position Trading and trades can last for several weeks unlike 4H Swing Trading which can last 2 to 4 days and we closed in the same trading week.

When to close Position trades? usually when there is trade invalidation to the original setup.
Read this Post#73,480.

In the case of your trade, you can already see by the next 2 candles closed that there is no bearish reversal nor bearish move. This is when you should close your trade. The 'signal candle' you picked was not the best one seen.
See other comments I made on your chart below.
Attached Image (click to enlarge)
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When you want to trade D1 chart, make sure you have done your top down analysis like my Big Picture Plan. With BPP done, you will see areas where the market will react and we observe the Price Action very closely and identify the market condition to trade. Furthermore, the market sentiments during those weeks was weak Yen with BoJ actions. Look at all the JPY pairs and you can see that happening in mid Nov.

Did you use Risk Percent and do Position Sizing for your trade? That loss cannot be big if you limit your risk% and no matter how big was your initial stop loss.

Hope this helps.

Season's Greetings!
Attached File(s)
File Type: pdf EURJPY Big Picture Plan Dec 2016.pdf   163 KB | 691 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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