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Trading Made Simple

  • #74,401
  • Jan 3, 2017 11:18pm Jan 3, 2017 11:18pm
Quoting awm
Hello All and a Very Happy New Year to you. I am currently writing a TMS crib sheet (I know may of you have done the same but there is something useful in having it in your own words) and would like to include a section regarding entry condition and the TDI "clock" but cannot find the relevant posts. Would someone mind pointing me in the right direction. Many thanks, awm.

@awm,

this old post 72,156 has links to the clock face 12-2 4-6 examples .

http://www.forexfactory.com/showthre...81#post9192681

also you can use the keywords " clock face 12-2 and 4-6 " for search and you will find all my posts on this clock face 12-2 and 4-6

Good idea to write your own notes and make that into your own TMS trading Manual.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,402
  • Edited 11:44pm Jan 3, 2017 11:26pm | Edited 11:44pm
Hello everyone .
A very happy new year to you all .
This is the first time i have added something here ,,, as love this thread cause its full of great work .
I was saddened ro see the original gentleman , Eric i think his name ,, Big E ,, is not here any longer ,,, a great man .
Anyway ,, i wanted to add to this great thread .
This strictly for the active intra day traders and the passionate traders like me who just love trading as many hours of the day as possible .
The 15 mnt charts have great setups for all of us to take advantage of IF u r passionate to trade shorter term like i do and this is one of many many examples that present themselves every single day ,, especially on large range pairs like the GBP/JPY my favorite and ONLY pair i track and trade ,,, the Pound Yen ,, and u can tell from my platform
My entry was NOT based on the TDI as i ONLY have it there for confirmation of momentum ,, as it was based on the market PREPARATION areas in the pink boxes ,, which many people call consolidation which is only a MYTH concept in my humble opinion , to take away from the importance of those extremely valuable areas , cause for me these areas hold the KEY to the next move , which i will not go into details here as to why and how .
By the way ,, That trade delivered 95 pips to Target
Thank u all for the great info i enjoy reading from time to time
P.S.
How do i join this community i wonder ,,, is there a community or is it just the fact by posting here u r apart of it ???
Cheers. George
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #74,403
  • Edited 2:00am Jan 4, 2017 1:47am | Edited 2:00am
Hello again guys .
I just wanted to show what i was talking about again ,,, except the signal was not shown on the 15 mnt for me ,,, it was very clear on the 1 mnt chart .
Pls keep in mind , i do NOT trade 1 and 5 mnt charts ,, BUT they hold very valuable chart analysis for intra day entries in tight areas like what was showing on the 15 mnt hart ,, again this trade was based on the same market action as the 15 mnt example above ,, i do an Up /DOWN analysis all the way down to the 1 mnt IF need to be , and in this case we had from the 4H down all in agreement with this signal .
A nice quick LIVE trade at the Athens open time i wanted to share with all u nice people for just under 31 pips as shown on the bottom .
I id have 2 other entries at 144.55 amd 58 BUT silly me locked it quick as usual and got kicked out hahahaha ,,, Daaaaah ! ! ! !
All i am trying to do is to contribute to this great family in tis thread to show new traders that anything can be done with enough dedication ,, and please ,, do NOT limit ur thinking
Cheers,
George
P.S
some may ask about my EA showing on the chart .
It is my own EA that i designed and had it custom built to suit my style of trading ,, it is NOT an automated EA ,, it only does the dirty work for me like placing Break evens and few other things .
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #74,404
  • Jan 4, 2017 2:10am Jan 4, 2017 2:10am
Quoting pips29
{quote} I just spent a couple of hours loading some indicators into a new platform but still can't manage to load the TDi from another platform..I think I better attend some computer classes...I will look for trades after this post..those are manually drawn S/R lines (ppa= previous price action) bodal and I recommend you do this manually and not rely on an indicator as mentioned in my post to Tekkies...these are not brickwalls and can be broken quite easily too. now back to trading
ok thank you !
  • #74,405
  • Jan 4, 2017 2:17am Jan 4, 2017 2:17am
Is it possible to make a living using Big E's TMS with just one currency pair? Is anyone doing that in the forum? If not, what is the maximum number of currency pairs you trade.

Thanks and Regards,
  • #74,406
  • Jan 4, 2017 2:29am Jan 4, 2017 2:29am
Quoting xpertize
Is it possible to make a living using Big E's TMS with just one currency pair? Is anyone doing that in the forum? If not, what is the maximum number of currency pairs you trade. Thanks and Regards,
hi
I am trading GBPJPY exclusively for 2 months now. Not for a living though, since I am still learning on a small live account.
I would say that yes it is possible. And I can see improvements on my own trading.
I recommend focusing on one pair if you try out this method

regards
  • #74,407
  • Jan 4, 2017 2:38am Jan 4, 2017 2:38am
Quoting xpertize
Is it possible to make a living using Big E's TMS with just one currency pair? Is anyone doing that in the forum? If not, what is the maximum number of currency pairs you trade. Thanks and Regards,
it is the eternal question which is asked by so many people all over again. Not only here but in the entire trading world. In the end the question would be: can one make a living trading?

I will express only my personal thoughts about this:

In general: Being a retail tradeer it will be very difficult to trade for a living since we are always behind the institutionals and more over, it is my believe that retail traders (in general) are nothing more than liquidity providers for those institutionals. Hold on here.... I do not say it is impossible (otherwise I would not be here ) but you must realise that the odds are not in your favour unless(!) you educate yourself, work on your personality, develop huge discipline and learn to control your fear, anger, joy, frustration)

What I also found out is, if you set a certain goal (like trading for a living or minimum pips per day) you are kind of limiting your independent view on the markets. You are putting a forcing element in your trading. "I MUST get those 20 pips daily".... "I MUST being able to trade for a living"... These elements may cloud your vision and may lead to uncontroled decisisions. Because of the clouded vision you may not see that one opportunity that was actualy be there, or you may not see the point where you should close your positions because you "must" achieve certain things.

Therefore, in my opinion, it would be better to face the markets with an open view without any forcing expectations looking at it for what it is. Combine that with education, knowledge (also about yourself) and this discipline you may find yourself on the winning edge and who knnows? You may get so good results you could actualy make a living but do you see what I mean? Does this make sense?

Now, as for your original question:

Trading only one pair using TMS will not make you a millionaire. The opportunities on one pair are not enough in my opinion. If you want results on a regular bases, you should actualy watch more pairs. I know (from this thread) that Eelfranz used to watch 8 pairs.
I also cannot advice you which pairs to look at. I have seen people who would trade only the major pairs where others loved the exotic ones. You have to familiarize yourself with the pairs you would like to trade. Know their nature and behaivure. From there you could built your portfolio with confidence.

I myself look at several pairs and I analyse them purely based on TMS. Today it may be EURUSD, tomorrow it may be GBPJPY or any other pair.
As for open trades, normaly I will not have more than 3 different pairs in an open trade.

I hope this helps but I do realise that this response may not be representable for the vision of the majority.

Jan
First comes knowledge about yourself, then comes a system...
  • #74,408
  • Jan 4, 2017 3:02am Jan 4, 2017 3:02am
Quoting xpertize
Is it possible to make a living using Big E's TMS with just one currency pair? Is anyone doing that in the forum? If not, what is the maximum number of currency pairs you trade. Thanks and Regards,
Love that 4th sentence Jan ,, and i could not have summed it up any better , as i totally agree with what u said ,,,,
One should NEVER impose a trade into the market ,,, the market will always present the trades before you .
ALl one should do is like u said ,,, master this game ,, become a master of chart analysis ,,, and also like u said ,, one should master themselves more importantly .
Great question that was Xpetize
But , like Jan answered ,, i will also also my humble opinion your question.
Take that trade i have shown above ,,, netted 31 pips .
Just for the maths ,,,,
For every standard contract i would trade that , it will equate to $375 Australian dollars .
this should give u a self explanatory answer Xpertize.
Are these trades available often one would ask ???
This is the reason why i trade the Pound Yen ,, due to the large daily range it has ,, as i love fast markets and large markets .
Hope this helps .
Cheers,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #74,409
  • Jan 4, 2017 3:15am Jan 4, 2017 3:15am
Quoting emmanuel7788
GBPUSD H1 trading Jan 4: Market liquidity remains thin after the holidays so I trade simply based on the D1 chart price action. Looking for potential sell TMS setups during London session today. Details on my chart below. {image}
Could you please tell about your money management when trading h1
  • #74,410
  • Jan 4, 2017 3:16am Jan 4, 2017 3:16am
Thanks Bistolis, Jan and George.

I agree with Jan, in a way I was imposing on the charts that I should make this much pips per day. This really clouded my vision. For last six months I have not traded much but I was very much glued to the charts studying different things. Few years ago I saw some reports from people who won FXCM King of Micro competition. Some of them traded just one or two pairs. That had a huge influence on me so I tried my best to master any one pair.

So far I am not able to produce that many returns either in demo trading or live trading but I realised somehow I was hurting myself when I narrowed down to one pair. From this year I will try to look at 4-5 windows. I will have to be careful with the correlations. I agree with George that GBPJPY is a great pair. Thanks once again. Jan, I have copied and pasted your words in my personal notepad which I review from time to time.

Best Regards,
Xpertize
  • #74,411
  • Jan 4, 2017 3:22am Jan 4, 2017 3:22am
daily analysis
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I took my daily profit on the lower frames.
time to get back to work.

have fun
  • #74,412
  • Jan 4, 2017 3:29am Jan 4, 2017 3:29am
Quoting bistolis
daily analysis {image} I took my daily profit on the lower frames. time to get back to work. have fun
Nice set up man, doing the same. Still seeing the H4 as my set point, looking forward ahead. Cheers.
  • #74,413
  • Jan 4, 2017 3:39am Jan 4, 2017 3:39am
Quoting xpertize
Thanks Bistolis, Jan and George. I agree with Jan, in a way I was imposing on the charts that I should make this much pips per day. This really clouded my vision. For last six months I have not traded much but I was very much glued to the charts studying different things. Few years ago I saw some reports from people who won FXCM King of Micro competition. Some of them traded just one or two pairs. That had a huge influence on me so I tried my best to master any one pair. So far I am not able to produce that many returns either in demo trading or...
I dont think trading many pairs before mastering one at least in ur hand would change the fact , it will always be mediocre results , I do however stick and will always be trading EUR/AUD unless something drastically changes my view, it will always be 1 pair
I Have Learned to Take Some Losses to Make Profits
  • #74,414
  • Jan 4, 2017 3:44am Jan 4, 2017 3:44am
50 pips profit on selling usdcad, on 4h chart at 8 am Rome time
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  • #74,415
  • Jan 4, 2017 3:46am Jan 4, 2017 3:46am
The selling input was actually on 1h chart
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  • #74,416
  • Jan 4, 2017 3:58am Jan 4, 2017 3:58am
I am buying now eurchf in 4h chart
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  • #74,417
  • Jan 4, 2017 4:32am Jan 4, 2017 4:32am
Hello all,

Would like to ask is there any simple expert adviser out there to do such action.
For example,
place a pending trade of buy&sell trade a min before news start and will trigger buy after upwards trend 20 points and will auto stop close order
will take profit at a 100 points or will auto close trade at a 20% loss cause.

Willing to read different EA and opinion. Thank you.
  • #74,418
  • Jan 4, 2017 4:42am Jan 4, 2017 4:42am
Quoting xpertize
Is it possible to make a living using Big E's TMS with just one currency pair? Is anyone doing that in the forum? If not, what is the maximum number of currency pairs you trade. Thanks and Regards,
@xpertize,

Do you have a trading business plan to trade this spot forex market?
If you had done so, then you would have covered all the necessary topics when you prepare your trading business plan. Then it would have answered your question whether you can trade with TMS with just one currency pair and 'make a living'.

In reality, from my contacts with many part time traders over the past 20 years, very rare few actually made it to trade for a living.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,419
  • Jan 4, 2017 5:38am Jan 4, 2017 5:38am
Quoting pips29
gone short {image}
still in this short and leaving it alone
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the cautious seldom err....C
  • #74,420
  • Edited 7:46am Jan 4, 2017 6:55am | Edited 7:46am
Quote
Quoting saranga
anyone want trading style thi's my my trading style {image} {image}
Hi Saranga, I think it would be better to start your own thread if you want to share your method. Thhis thread is about Eelfranz Method 'Trading Made Simple'


I really regret is thought to help that makes pḍf article
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