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Trading Made Simple

  • #74,681
  • Jan 12, 2017 11:20am Jan 12, 2017 11:20am
Quoting Roni26
Looking like a failed trade- went long on EURJPY... Any suggestions or advice as to why it is failing even though cross had occurred at 32 line which would be a gold mine for Big E..?? See below {image}
1 Price line green is below 50
2 The yellow line is trending down
3 the sto indicator should be well above the 50 around 65
4 Did you check the 1day and the 1hr charts for direction to confirm thr trend.
5 for the time being stick to a demo account , you will master the TDI system it only takes observation
  • #74,682
  • Edited 2:44pm Jan 12, 2017 11:39am | Edited 2:44pm
Quoting Roni26
Looking like a failed trade- went long on EURJPY... Any suggestions or advice as to why it is failing even though cross had occurred at 32 line which would be a gold mine for Big E..?? See below {image}
Roni,

The EJ trade you posted did not have a cross up at the 32 level as you claim. The cross up was from below the 32 level. There is a significant difference. More importantly then any tdi or its settings, what is market structure telling you? LH LL in your time-frame. Taking a long trade when market structure is making LH LL is not trend trading, it is trying to catch the bottom of a market reversal. Tms is mainly a trend trading method, at least for newer traders it should be.

Many newer traders mistakenly assume their success will come solely from learning how to use the TDI. This is incorrect. BigE, and every other successful TMS trader use multiple tools to be successful. Every trader does it a little bit different, but at the very least they heed to the advice in this very very important post:

Attached Image (click to enlarge)
Click to Enlarge Name: BigE - Post 647.png Size: 217 KB


My suggestion to help shorten your journey to profitable trading is to study and learn about: Support & Resistance and Market Structure. A good free resource to do so is www.babypips.com . Take their free "school" course and focus particular attention on these two modules (Price Action is another important module). After completing the school, i recommend you go through and read all of bigE's post. The summary PDF's are good, but additional information can be learned from reading all his posts.

Once that is complete, you will begin to see the market in a different way, and you will be able to use the TDI and the other elements of TMS with better accuracy.

All the best,
N
  • #74,683
  • Jan 12, 2017 12:41pm Jan 12, 2017 12:41pm
Quoting Roni26
Looking like a failed trade- went long on EURJPY... Any suggestions or advice as to why it is failing even though cross had occurred at 32 line which would be a gold mine for Big E..?? See below {image}

1. The failed trade is normal. Who talking about 100% profit trade?
2. This buy "crosscurrent" (low probability for profit)

My opinion. Thanks

P/S Sorry for bad English.
The more haste, the less speed
  • #74,684
  • Jan 12, 2017 1:49pm Jan 12, 2017 1:49pm
Hello friends,
ma Analyse GY and target

regards, Dan
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GY-0.PNG Size: 278 KB
Click to Enlarge Name: GY.PNG Size: 80 KB
Click to Enlarge Name: GY-HA.PNG Size: 70 KB
  • #74,685
  • Jan 12, 2017 3:02pm Jan 12, 2017 3:02pm
Probably to soon for this but think its going back up in Asia session?

Or late...I think I should've bought at 4pm bar not 8pm, if only I didn't have a day Job
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 47 KB
  • #74,686
  • Jan 12, 2017 3:58pm Jan 12, 2017 3:58pm
hello

I have started streaming and trading for a few days now

If anyone is interested to watch, listen to music and occasional chat, you are welcome.

twitch.tv/bistolis

the usual hours of the stream are after 19:00 GMT +1
  • #74,687
  • Jan 12, 2017 4:17pm Jan 12, 2017 4:17pm
Quoting Trader MT4
Hello friends, ma Analyse GY and target regards, Dan {image} {image} {image}
Nice, thanks for sharing this! Quite insightful information!
  • #74,688
  • Jan 12, 2017 4:20pm Jan 12, 2017 4:20pm
Quoting Emerald2112
Probably to soon for this but think its going back up in Asia session? Or late...I think I should've bought at 4pm bar not 8pm, if only I didn't have a day Job {image}
Mate, can you please share with me your "yesterday's low/yesterday's high" indicator? I have tried looking for this here in this forum but no idea what it's called exactly.

And, yeah, I miss opportunities all the time coz of the day work!! grr
  • #74,689
  • Jan 12, 2017 4:34pm Jan 12, 2017 4:34pm
Quoting fcaldas
{quote} Mate, can you please share with me your "yesterday's low/yesterday's high" indicator? I have tried looking for this here in this forum but no idea what it's called exactly. And, yeah, I miss opportunities all the time coz of the day work!! grr
This is a high low indicator just set it to 2 for yesterday H/L

Attached File(s)
File Type: ex4 5 Day BreakOut.ex4   7 KB | 323 downloads
  • #74,690
  • Jan 12, 2017 6:23pm Jan 12, 2017 6:23pm
Quoting bob44
{quote} This is a high low indicator just set it to 2 for yesterday H/L 5 Day BreakOut.ex4;2138231 {file}
Well, thanks a lot!
  • #74,691
  • Jan 12, 2017 8:00pm Jan 12, 2017 8:00pm
Quoting pips29
{quote} you bought at resistence
Thanks for your reply pips29. That was a losing trade.
  • #74,692
  • Jan 13, 2017 3:38am Jan 13, 2017 3:38am
Quoting Roni26
Looking like a failed trade- went long on EURJPY... Any suggestions or advice as to why it is failing even though cross had occurred at 32 line which would be a gold mine for Big E..?? See below {image}
Roni clean up chart.
Main chart
Remove EMA - blue
Chart propeties
Disable Chart Chandle
Enable Line graph - set to none
TDI
remove
Blue, yellow

Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 103 KB
  • #74,693
  • Jan 13, 2017 3:44am Jan 13, 2017 3:44am
Close all trades the market is going to go ballistic at 18:00 USA President-Elect Trump Speaks
  • #74,694
  • Jan 13, 2017 4:53am Jan 13, 2017 4:53am
Quoting Roni26
Looking like a failed trade- went long on EURJPY... Any suggestions or advice as to why it is failing even though cross had occurred at 32 line which would be a gold mine for Big E..?? See below {image}

see my comments made on your chart below.

You need to work hard to have a better understanding the basics of the 5-Method.

NikNYC has pointed out to you Post#647 and that post is very important when you want to trade with the TDI. It is how much trading experience you have and how you interpret the price action and that post#647 which will determine whether you succeed trading this 5-Method.

Attached Image (click to enlarge)
Click to Enlarge Name: Ron EJ H4 trade comments.png Size: 216 KB



Look at my trade chart below. I waited for a price to move above the 5EMA Typical Price, Shift+3 before I made my trade entry.

This trade has scaled out with +20pips and now waiting for the next PA before I decide t move my SL to BE level.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Jan 13 H4 trade TP1.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,695
  • Jan 13, 2017 5:00am Jan 13, 2017 5:00am
Quoting Roni26
{quote} Hi Emmanuel- I wasnt able to locate Big E's post at #463 and #861 Did you mean posts or page? because nothing on those post numbers Kind regards, Roni
I am referring to the number of posts made by Big E here in FF.

Trading Made Simple for beginners : Post#52,707

You have a lot to work on from now onwards.... reading and writing notes of your own.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,696
  • Jan 13, 2017 5:10am Jan 13, 2017 5:10am
Quoting Tekkies
Close all trades the market is going to go ballistic at 18:00 USA President-Elect Trump Speaks

He will be talking a lot the next 4 years and we will not know when he will open his mouth everyday.
We trade the 5-Method with Stop Loss and with risk management all the time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,697
  • Jan 13, 2017 5:18am Jan 13, 2017 5:18am
Quoting brrand
{quote} Hi Emmanuel, when you say SL will be moved to BE in one hour. Does that mean, irrespective of the curent price, you will move the stop to break even in one hour. How do you manage that. I am working on TMS and my entries are fine (imho) but I find it hard to work with stops and exit. I took the attached trade on GBPJPY, 1H. Experts Please critic. TDI is smoothed moving average based. Repect for what you are doing here. Thanks RMImage1.png;2137328 {image}

I was looking at the H1 candles and knowing that I was trading against the H4 and D1 'trend' , I would protect my trade as quickly as possible.
I use Capital Protection setting in THV CaveManager.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #74,698
  • Jan 13, 2017 5:48am Jan 13, 2017 5:48am
I can make very good analysis too looking at history charts Everybody can!
Keep it simple without too many crappy indicators!
  • #74,699
  • Jan 13, 2017 6:02am Jan 13, 2017 6:02am
Hi emmanuel

Do you look at lower time frames when trading a trend in a HTF?
I'm mostly trading D1 on MEME, collecting proffits of 0.5x ADR or so, do you think it is worth to go to LTF on H4 to stop trading that trend early, or its better to avoid noises and look for a trend invalidation on D1 (the trend I'm trading)?

Thanks!
  • #74,700
  • Jan 13, 2017 6:20am Jan 13, 2017 6:20am
Hello,i do not post much here but i read and learn here everyday and i want to BIG THANKS to all veteran members to help us newbies,reallyyy!!!!!!!!!!
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